Document:

sobr_ex1021.htm

EXHIBIT 10.21
  
 THIS SECURED CONVERTIBLE DEBENTURE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO SALE OR DISPOSITION MAY BE EFFECTED EXCEPT IN COMPLIANCE WITH RULE 144 UNDER SAID ACT OR AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR THE HOLDER SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION.
  
 [FORM OF]
  
 SOBR SAFE, INC.
  
 12% SECURED CONVERTIBLE DEBENTURE
  
 	 $[Principal Amount] 
	  [Date], 2021

	  
	  Boulder, CO

    
 For value received, SOBR Safe, Inc., a Delaware corporation (the “Company”), promises to pay to [Holder Name], an individual, or his assigns (the “Holder”) the principal sum of [________________] Dollars ($[_______]). The principal hereof and any unpaid accrued interest thereon shall be due and payable on or before 5:00 p.m., Pacific Standard Time, on [Date], 2023 (the “Maturity Date”) (unless such payment date is accelerated as provided in Section 5 hereof). Payment of all amounts due hereunder shall be made at the address of the Holder provided for in Section 9 hereof. Interest shall accrue on the outstanding principal amount beginning on [Date], 2021, at the rate of twelve percent (12%) per annum, compounded annually based on a 365-day year and shall continue on the outstanding principal until paid in full. The Holder may elect to have the interest due hereunder to be either paid in cash monthly or have the interest accrue and be payable on the Maturity Date. Such election will be indicated on the signature page hereof. For investors that elect to accrue the interest due hereunder, the interest will be paid in cash or may be converted into shares of our common stock under the same terms as the principal amount on the Maturity Date. The principal amount paid by Holder to the Company will be submitted to the Law Offices of Craig V. Butler pursuant to the terms of that certain Private Placement Memorandum dated January 15, 2021.
  
 1. HISTORY OF THE SECURED DEBENTURE. This Secured Debenture is being delivered pursuant to that certain Securities Purchase Agreement by and between the Company and the Holder, dated of even date hereof and in connection with the Private Placement Memorandum dated January 15, 2021. Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Securities Purchase Agreement. 
  
 2. PREPAYMENT. The Company may at any time, upon thirty (30) days written notice (each a “Prepayment Notice”), prepay all or any part of the principal balance of this Secured Debenture, provided that concurrently with each such prepayment the Company shall pay accrued interest on the principal, if any, prepaid to the date of such prepayment. Any Prepayment Notice must contain the amount of principal and interest to be prepaid by the Company. The end of the thirty-day period following a Prepayment Notice shall be referred to as a “Prepayment Date.” In the event that the Company sends a Prepayment Notice to Holder, Holder may elect prior to the Prepayment Date to convert into common stock of the Company pursuant to Section 3 hereof, all or part of the amount of principal and interest to be repaid under the Prepayment Notice instead of receiving such prepayment.
  
 	 
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 3. CONVERSION. 
  
 (a) Voluntary Conversion. The Holder of this Secured Debenture is en-titled, at its option and subject to the other terms set forth herein, at any time beginning on the date hereof, and in whole or in part, to convert the outstanding principal amount of this Secured Debenture, or any portion of the principal amount hereof, --and any accrued interest, into shares of the com-mon stock of the Company. Any amounts the Holder elects to convert will be converted into common stock at a rate of Three Dollars ($3.00) per share. Any voluntary conversion shall be effectuated by giving a written notice (“Notice of Conversion”) to the Company on the date of conversion, stating therein the amount of principal and accrued interest due to Holder under this Secured Debenture being converted. 
  
 Notwithstanding the foregoing, the Holder may not convert any outstanding amounts due under this Secured Debenture if at the time of such conversion the amount of common stock issued for the conversion, when added to other shares of Company common stock owned by the Holder or which can be acquired by Holder upon exercise or conversion of any other instrument, would cause the Holder to own more than four and nine-tenths percent (4.9%) of the Company’s outstanding common stock. 
  
 (b) Automatic Conversion. Beginning on the date hereof, the outstanding principal amount of this Secured Debenture, and any accrued interest, will automatically convert into shares of the Company’s common stock if the Company’s common stock closes at or above $6.00 per share for five (5) consecutive trading days while listed on NASDAQ. Any amounts converted under this Section will convert into shares of common stock at a rate of Three Dollars ($3.00) per share. In the event of an automatic conversion under this Section, the shares of the Company’s common stock will be issued in the name of the Holder unless the Holder notifies the Company of a different name for the shares.
  
 4. CONVERSION PRICE ADJUSTMENTS. In the event the Company should at any time after the date hereof do either of the following: i) fix a record date for the effectuation of a split or subdivision of the outstanding common stock of the Company, or ii) grant the holders of the Company’s common stock a dividend or other distribution payable in additional shares of common stock or other securities or rights convertible into additional shares of common stock without the payment of any consideration by such holder for the additional shares of common stock (a “Stock Adjustment”), then, as of the record date (or the date of the Stock Adjustment if no record date is fixed), the conversion price of this Secured Debenture shall be appropriately adjusted so that the number of shares of common stock issuable upon conversion of this Secured Debenture is adjusted in proportion to such change in the number of outstanding shares in order to insure such Stock Adjustment does not decrease the conversion value of this Secured Debenture. 
  
 	 
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 5. SECURITY INTEREST. This Secured Debenture shall be secured by a first priority security lien or security interest in the Company’s patents and patent application described in Exhibit A, attached hereto and incorporated herein by reference. The Company agrees to execute and deliver any and all documents, instruments, security agreements, pledge agreements, financing statements or other document or filings with the US Patent and Trademark office or any other governmental agency or authority. 
  
 6. DEFAULT. The occurrence of any one of the following events shall constitute an Event of Default:
  
 (a) The non-payment, when due, of any principal or interest pursuant to this Secured Debenture;
  
 (b) The material breach of any representation or warranty in this Secured Debenture. In the event the Holder becomes aware of a breach of this Section 6(b), then provided such breach is capable of being cured by Company, the Holder shall notify the Company in writing of such breach and the Company shall have thirty (30) business days after notice to cure such breach;
  
 (c) The breach of any covenant or undertaking, not otherwise provided for in this Section 8;
  
 (d) The commencement by the Company of any voluntary proceeding under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, receivership, dissolution, or liquidation law or statute of any jurisdiction, whether now or hereafter in effect; or the adjudication of the Company as insolvent or bankrupt by a decree of a court of competent jurisdiction; or the petition or application by the Company for, acquiescence in, or consent by the Company to, the appointment of any receiver or trustee for the Company or for all or a substantial part of the property of the Company; or the assignment by the Company for the benefit of creditors; or the written admission of the Company of its inability to pay its debts as they mature; or
  
 (e) The commencement against the Company of any proceeding relating to the Company under any bankruptcy, reorganization, arrangement, insolvency, adjustment of debt, receivership, dissolution or liquidation law or statute of any jurisdiction, whether now or hereafter in effect, provided, however, that the commencement of such a proceeding shall not constitute an Event of Default unless the Company consents to the same or admits in writing the material allegations of same, or said proceeding shall remain undismissed for 20 days; or the issuance of any order, judgment or decree for the appointment of a receiver or trustee for the Company or for all or a substantial part of the property of the Company, which order, judgment or decree remains undismissed for 20 days; or a warrant of attachment, execution, or similar process shall be issued against any substantial part of the property of the Company.
  
 Upon the occurrence of any Default or Event of Default, the Holder, may, by written notice to the Company, declare all or any portion of the unpaid principal amount due to Holder, together with all accrued interest thereon, immediately due and payable, in which event it shall immediately be and become due and payable, provided that upon the occurrence of an Event of Default as set forth in paragraph (d) or paragraph (e) hereof, all or any portion of the unpaid principal amount due to Holder, together with all accrued interest thereon, shall immediately become due and payable without any such notice.
  
 	 
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 7. TRANSFERABILITY. This Secured Debenture shall not be transferred, pledged, hypothecated, or assigned by the Holder without the express written consent of the Company, which consent will not be unreasonably withheld.
  
 8. REGISTRATION RIGHTS. As described in the Private Placement Memorandum, the Company hereby agrees to file a Registration Statement on Form S-1 on or before June 1, 2021 and to register the shares underlying the conversion of this Secured Debenture for resale into the public marketplace. The Company expects the Registration Statement will be declared effective by the Securities and Exchange Commission approximately 3-4 months after filing. All expenses incurred by the Company in complying with this Section, including without limitation all registration and filing fees, listing fees, printing expenses, fees and disbursements of all independent accountants, or counsel for the Company and the expense of any special audits incident to or required by any such registration and the expenses of complying with the securities or blue sky laws of any jurisdiction shall be paid by the Company. 
  
 9. NOTICES. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the next business day, or (c) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent as follows:
   
 	 If to the Company:
	 SOBR Safe, Inc.
 885 Arapahoe Road
 Boulder, CO 80302 
 Attn: David Gandini, CFO
 Facsimile No.: 

	  
	  

	 with a copy to:
	 Law Offices of Craig V. Butler
 300 Spectrum Center Drive, Ste 300
 Irvine, CA 92618
 Attn: Craig V. Butler, Esq.
 Facsimile No.: (949) 209-2545

	  
	  

	 If to Holder: 
	 _____________________________

	  
	 _____________________________

	  
	 _____________________________

	  
	 Facsimile No.:__________________

  
 or at such other address as the Company or Holder may designate by ten (10) days advance written notice to the other Party hereto.
  
 	 
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 10. GOVERNING LAW; VENUE. The terms of this Secured Debenture shall be construed in accordance with the laws of the State of Delaware, as applied to contracts entered into by Delaware residents within the State of Delaware, and to be performed entirely within the State of Delaware. The parties agree that any action brought to enforce the terms of this Secured Debenture will be brought in the appropriate federal or state court having jurisdiction over Boulder County, Colorado.
  
 11. ATTORNEY’S FEES. In the event the Holder hereof shall refer this Secured Debenture to an attorney to enforce the terms hereof, the Company agrees to pay all the costs and expenses incurred in attempting or effecting the enforcement of the Holder’s rights, including reasonable attorney’s fees, whether or not suit is instituted.
  
 12. CONFORMITY WITH LAW. It is the intention of the Company and of the Holder to conform strictly to applicable usury and similar laws. Accordingly, notwithstanding anything to the contrary in this Secured Debenture, it is agreed that the aggregate of all charges which constitute interest under applicable usury and similar laws that are contracted for, chargeable or receivable under or in respect of this Secured Debenture, shall under no circumstances exceed the maximum amount of interest permitted by such laws, and any excess, whether occasioned by acceleration or maturity of this Secured Debenture or otherwise, shall be canceled automatically, and if theretofore paid, shall be either refunded to the Company or credited on the principal amount of this Secured Debenture.
  
 13. Modification; Waiver. No modification or waiver of any provision of this Secured Debenture or consent to departure therefrom shall be effective unless in writing and approved by the Company and the Holder. 
  
 	 
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 IN WITNESS WHEREOF, Company has executed this Convertible Secured Debenture as of the date first written above.
  
 	  
	  
	 “Company”
	  

	  
	  
	  
	  

	  
	  
	 SOBR Safe, Inc.,
	  

	  
	  
	 a Delaware corporation
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	  
	 By: David Gandini
	  

	  
	  
	 Its: Chief Financial Officer
	  

	  
	  
	  
	  

 Interest Election*:
  
 The Holder hereby elects to:
  
 	 ________
	 Have the interest due hereunder paid in cash monthly

	  
	  

	 ________
	 Have the interest due hereunder accrue, to be paid with the principal amount due hereunder on the Maturity Date. If this option is selected the Holder may elect on the Maturity Date to receive the accrued interest in cash or convert the accrued interest into shares of the Company’s common stock under the terms of Section of this Secured Debenture

  
 *This election must be made at the time of the payment by the Holder for the 12% Secured Convertible Debenture and cannot be changed.
  
 	 		[Name of Holder}	
	 	 	 	 
				
	  
	  
	By:	 
	 	 	Its:	 

  
 	 
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 Exhibit A
  
 List of Company Patents and Patent Applications
  
 	 1)
	 U.S. Patent No. 9,296,298, titled “Alcohol detection system for vehicle driver testing with integral temperature compensation”, which expires in 2032.

	  
	  

	 2)
	 Provisional Patent Application No. 63,014,776, titled “Non-invasive Transdermal Alcohol Screening System”

	  
	  

	 3)
	 Provisional Patent Application No. 63,109,134, titled “Wearable Data Collection Device w/Non-Invasive Sensing”sobr_ex1022.htm

EXHIBIT 10.22
  
 THIS WARRANT AND THE SECURITIES THAT MAY BE ISSUED UPON ITS EXERCISE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED, OR PLEDGED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND STATUTES UNLESS PRIOR TO ANY SALE, TRANSFER, OR PLEDGE, THE ISSUER RECEIVES AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO IT, THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT AND THE STATUTES AND RULES PROMULGATED THEREUNDER.
   
 	 Dated: ____________, 2021 
	 Right to Purchase ______

	  
	 Shares of Common Stock,

	  
	  

	 Warrant No. SR- ___________
	  

	  
	  

  
 [FORM OF]
  
 COMMON STOCK PURCHASE WARRANT
 OF
 SOBR SAFE, INC.
  
 This certifies that, for value received, _________________________________ (the “Holder”), is entitled to subscribe for and purchase at the Exercise Price (defined below) from SOBR Safe, Inc., a Delaware corporation (the “Company”), shares of the Company’s Common Stock as set forth below and subject to adjustment provided therein. 
  
 This Warrant is being issued pursuant to the terms of that certain $2,000,000 Private Placement Memorandum dated January 15, 2021 (the “PPM”). Unless indicated otherwise, the number of shares of common stock that Holder may purchase by exercising this Warrant is ____________________ shares.
  
 1. Definitions. As used herein, the following terms shall have the following respective meanings:
  
 (a) “Exercise Period” shall mean the period commencing with the date hereof and ending two (2) years after the date hereof.
  
 (b) “Exercise Price” shall mean $3.00 per share.
  
 (c) “Exercise Shares” shall mean the shares of the Company’s common tock issuable upon exercise of this Warrant.
  
 2. Exercise of Warrant. The rights represented by this Warrant may be exercised in whole or in part at any time during the Exercise Period, by delivery of the following to the Company at its address as set forth in Section 10, below:
  
 (a) An executed Notice of Exercise in the form attached hereto;
  
 (b) Payment of the Exercise Price in cash or by check; and
  
 (c) This Warrant.
  
 	 
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 Upon the exercise of the rights represented by this Warrant, a certificate or certificates for the Exercise Shares so purchased, registered in the name of the Holder or persons affiliated with the Holder, if the Holder so designates, shall be issued and delivered to the Holder within a reasonable time after the rights represented by this Warrant shall have been so exercised.
  
 The person in whose name any certificate or certificates for Exercise Shares are to be issued upon exercise of this Warrant shall be deemed to have become the holder of record of such shares on the date on which this Warrant was surrendered and payment of the Exercise Price was made, irrespective of the date of delivery of such certificate or certificates, except that, if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open.
  
 3. ADJUSTMENT IN NUMBER OF SHARES.
  
 In case at any time or from time to time after the issue date the holders of the common stock of the Company (or any shares of stock or other securities at the time receivable upon the exercise of this Warrant) shall have received, or, on or after the record date fixed for the determination of eligible stockholders, shall have become entitled to receive, without payment therefore, other or additional stock or other securities or property (including cash) by way of stock split, stock dividend, spin-off, reclassification, combination of shares or similar corporate rearrangement, then and in each such case the Holder of this Warrant, upon the exercise hereof as provided in Section 3, shall be entitled to receive the amount of stock and other securities and property which such Holder would hold on the date of such exercise if on the issue date he had been the holder of record of the number of shares of common stock of the Company called for on the face of this Warrant and had thereafter, during the period from the issue date, to and including the date of such exercise, retained such shares and/or all other or additional stock and other securities and property receivable by him as aforesaid during such period, giving effect to all adjustments called for during such period. In the event of any such adjustment, the Exercise Price shall be adjusted to equal (A) the Exercise Price in effect multiplied by the number of shares of common stock into which this Warrant is exercisable immediately prior to the adjustment, divided by (B) the number of shares of common stock into which this Warrant is exercisable immediately after such adjustment. Nothing in this Section or this Warrant will entitle the Holder to receive more than the shares listed above, as adjusted by this Section. There is no provision for the Holder to receive any more shares of the Company’s common stock under this Warrant as a penalty or otherwise.
  
 	 
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 4. Covenants of the Company.
  
 (a) Covenants as to Exercise Shares. The Company covenants and agrees that all Exercise Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly issued and outstanding, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereof. The Company further covenants and agrees that the Company will at all times during the Exercise Period have authorized and reserved, free from preemptive rights, a sufficient number of shares of its common stock to provide for the exercise of the rights represented by this Warrant. If at any time during the Exercise Period the number of authorized but unissued shares of the Company’s common stock shall not be sufficient to permit exercise of this Warrant, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of common stock to such number of shares as shall be sufficient for such purposes.
  
 (b) No Impairment. Except and to the extent as waived or consented to by the Holder, the Company will not, by amendment of its Articles of Incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Warrant and in the taking of all such action as may be necessary or appropriate in order to protect the exercise rights of the Holder against impairment.
  
 (c) Notices of Record Date. In the event of any taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in previous quarters) or other distribution, the Company shall provide to the Holder, at least ten (10) days prior to the date specified herein, a notice specifying the date on which any such record is to be taken for the purpose of such dividend or distribution.
  
 5. Representations of Holder.
  
 (a) Acquisition of Warrant for Personal Account. The Holder represents and warrants that it is acquiring the Warrant and the Exercise Shares solely for its account for investment and not with a view to or for sale or distribution of said Warrant or Exercise Shares or any part thereof. The Holder also represents that the entire legal and beneficial interests of the Warrant and Exercise Shares the Holder is acquiring is being acquired for its account only.
  
 	 
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 (b) Securities Are Not Registered.
  
 (1) The Holder understands that the Warrant and the Exercise Shares have not been registered under the Securities Act of 1933, as amended (the “Act”) on the basis that no distribution or public offering of the stock of the Company is to be effected. The Holder realizes that the basis for the exemption may not be present if, notwithstanding its representations, the Holder has a present intention of acquiring the securities for a fixed or determinable period in the future, selling (in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the securities. The Holder has no such present intention.
  
 (2) The Holder recognizes that the Warrant and the Exercise Shares must be held indefinitely unless they are subsequently registered under the Act or an exemption from such registration is available. The Holder recognizes that the Company has no obligation to register the Warrant or the Exercise Shares of the Company, or to comply with any exemption from such registration.
  
 (3) The Holder is aware that neither the Warrant nor the Exercise Shares may be sold pursuant to Rule 144 adopted under the Act unless certain conditions are met, including, among other things, the existence of a public market for the shares, the availability of certain current public information about the Company, the resale following the required holding period under Rule 144 and the number of shares being sold during any three month period not exceeding specified limitations. Holder is aware that the conditions for resale set forth in Rule 144 have not been satisfied and that the Company presently has no plans to satisfy these conditions in the foreseeable future.
  
 (c) Disposition of Warrant and Exercise Shares.
  
 (1) The Holder further agrees not to make any disposition of all or any part of the Warrant or Exercise Shares in any event unless and until:
  
 a) The Company shall have received a letter secured by the Holder from the Securities and Exchange Commission stating that no action will be recommended to the Commission with respect to the proposed disposition;
  
 b) There is then in effect a registration statement under the Act covering such proposed disposition and such disposition is made in accordance with said registration statement; or
  
 c) The Holder shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and if reasonably requested by the Company, the Holder shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, for the Holder to the effect that such disposition will not require registration of such Warrant or Exercise Shares under the Act or any applicable state securities laws.
  
  
 	 
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 (d) The Holder understands and agrees that all certificates evidencing the shares to be issued to the Holder may bear the following legend:
  
 	  
	 THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
	  

  
 6. Fractional Shares. No fractional shares shall be issued upon the exercise of this Warrant as a consequence of any adjustment pursuant hereto. All Exercise Shares (including fractions) issuable upon exercise of this Warrant may be aggregated for purposes of determining whether the exercise would result in the issuance of any fractional share. If, after aggregation, the exercise would result in the issuance of a fractional share, the Company shall, in lieu of issuance of any fractional share, pay the Holder otherwise entitled to such fraction a sum in cash equal to the product resulting from multiplying the then current fair market value of an Exercise Share by such fraction.
  
 7. No Stockholder Rights. This Warrant in and of itself shall not entitle the Holder to any voting rights or other rights as a stockholder of the Company.
  
 8. REPURCHASE RIGHT. In the event the Company’s common stock closes at or above $6.00 per share on NASDAQ for five (5) consecutive trading days then we have the right to notify the Holder that we plan to purchase the Warrants for $0.10 each. The Holder will have sixty (60) days from the date of the written repurchase notice to exercise the Warrants. Any warrants that are not exercised and paid for during the sixty (60) day period, the Company may purchase those warrants for $0.10 each.
  
 9. REGISTRATION RIGHTS. As described in the Private Placement Memorandum, the Company hereby agrees to file a Registration Statement on Form S-1 on or before June 1, 2021 and to register the shares underlying the exercise of this Warrant for resale into the public marketplace. The Company expects the Registration Statement will be declared effective by the Securities and Exchange Commission approximately 3-4 months after filing. All expenses incurred by the Company in complying with this Section, including without limitation all registration and filing fees, listing fees, printing expenses, fees and disbursements of all independent accountants, or counsel for the Company and the expense of any special audits incident to or required by any such registration and the expenses of complying with the securities or blue sky laws of any jurisdiction shall be paid by the Company. 
  
 	 
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 10. Transfer of Warrant. This Warrant and all rights hereunder are not transferable by the Holder unless the Holder obtains the express written consent of the Company. 
  
 11. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the Company may, on such terms as to indemnity or otherwise as it may reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and tenor as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall constitute an original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.
  
 12. Waiver and Amendment. Any term of this Warrant may be amended or waived only with the written consent of the Holder.
  
 13. Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the next business day, or (c) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent as follows:
   
 	  If to the Company:
	 SOBR Safe, Inc.
 885 Arapahoe Road
 Boulder, CO 80302 
 Attn: David Gandini, CFO
 Facsimile No.:

	  
	  

	 with a copy to:
	 Law Offices of Craig V. Butler
 300 Spectrum Center Drive, Ste 300
 Irvine, CA 92618
 Attn: Craig V. Butler, Esq.
 Facsimile No.: (949) 209-2545 

	  
	  

	 If to Holder:
	 ______________________________

	  
	 ______________________________

	  
	 ______________________________

	  
	 Facsimile No.: ___________________

  
 	 
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 or at such other address as the Company or Holder may designate by ten (10) days advance written notice to the other Party hereto.
  
 14. Governing Law; VENUE. The terms of this Warrant shall be construed in accordance with the laws of the State of Delaware, as applied to contracts entered into by Delaware residents within the State of Delaware, and to be performed entirely within the State of Delaware. The parties agree that any action brought to enforce the terms of this Secured Debenture will be brought in the appropriate federal or state court having jurisdiction over Boulder County, Colorado.
  
 15. ATTORNEYS’ FEES. Should either party commence any legal action or proceeding in order to enforce or interpret this Warrant or any term or provision hereof, then in addition to any damages or remedies that may be awarded or granted to the prevailing party therein, the prevailing party shall be entitled to have and recover from the losing party such prevailing party’s reasonable attorneys’ fees and costs incurred in connection therewith.
  
 16. CURRENCY. All currency is expressed in U.S. dollars.
  
 	 
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 In Witness Whereof, the Company has caused this Warrant to be executed by its duly authorized officer as of _________________, 2021.
  
 	  
	  
	 SOBR Safe, Inc.,
	  

	  
	  
	 a Delaware corporation
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	  
	 By: David Gandini
	  

	  
	  
	 Its: Chief Financial Officer
	  

  
 	 
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 NOTICE OF EXERCISE
  
 TO: SOBR Safe, Inc.
  
 (1) The undersigned hereby elects to purchase ________ shares of the common stock of SOBR Safe, Inc., a Delaware corporation (the “Company”), pursuant to the terms of the attached Warrant and based on an exercise price of $3.00, and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.
  
 (2) Please issue a certificate or certificates representing said shares of the Company’s common stock in the name of the undersigned or in such other name as is specified below:
  
 _____________________________
 (Name)
  
 _____________________________
  
 _____________________________
 (Address)
  
 	 __________________________________
	  
	  
	  

	 (Date)
	  
	 (Signature)
	  

	  
	  
	  
	  

	  
	  
	 (Print name)
	  

  
 	 
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