Document:

ex4_6.htm

Exhibit 4.6

Execution Version

ROYAL BANK OF CANADA

Global Covered Bond Programme

 

 

_______________________

SUPPLEMENTAL AGENCY AGREEMENT

_______________________

 

 

 

7 August 2013

 

(supplemental to the Amended and Restated Agency Agreement dated as of July 25, 2013)

 

 

 

 

 

 

 

  

  

  

 

THIS SUPPLEMENTAL AGENCY AGREEMENT is made on on this 7th day of August, 2013

 

BETWEEN:

 

(1)           Royal Bank of Canada (ARBN 076 940 880) (the “Issuer”); and

 

	
(2)

	
BTA Institutional Services Australia Limited (ABN 48 002 916 396), as issuing and paying agent and registrar in respect of the Australian Covered Bonds (as defined below) (the “Australian Agent”).

WHEREAS:

	
A.

	
The Issuer has established a programme (the “Programme”) for the issuance of Covered Bonds (the “Covered Bonds”).

	
B.

	
The Issuer proposes to issue Australian dollar denominated Covered Bonds to be governed by New South Wales law (the “Australian Covered Bonds”).  The Australian Covered Bonds will be constituted by a deed poll made on or about the date of this supplemental agreement (as the same may be amended, restated, supplemented, replaced or modified from time to time, the “Deed Poll”) and cleared through the clearing and settlement system (“Austraclear System”) operated by Austraclear Limited (“Austraclear”).

	
C.

	
The Australian Covered Bonds will be issued subject to the terms and conditions of the Deed Poll and the amended and restated trust deed dated as of July 25, 2013 (as supplemented, amended, novated or restated from time to time, including by the supplemental trust deed dated August 7th 2013, the “Trust Deed”).

	
D.

	
The Issuer and the other parties named therein entered into an amended and restated agency agreement in respect of the Programme dated as of July, 25 2013 (as supplemented, amended, novated or restated from time to time, including by this supplement, the “Agency Agreement”) and which agreement is supplemented by this supplemental agreement.

	
E.

	
Pursuant to Section 16.04 of the Agency Agreement, the Issuer may appoint additional agents in relation to any particular Series of Covered Bonds issued under the Programme.

	
F.

	
The Issuer wishes to appoint BTA Institutional Services Australia Limited as the Australian issuing and paying agent and registrar in respect of the Australian Covered Bonds and BTA Institutional Services Australia Limited wishes to accept that appointment.

 

  

1

  

 

NOW IT IS HEREBY AGREED as follows:

 

	
1.

	
Appointment

 

In accordance with Section 16.04 of the Agency Agreement, the Issuer hereby appoints the Australian Agent to act as issuing and paying agent and registrar in Australia in relation to the Australian Covered Bonds and the Australian Agent accepts such appointment in accordance with the Agency Agreement. In relation to the Australian Covered Bonds, except as otherwise specified herein, the Australian Agent shall have the same rights and obligations of an Agent under the Agency Agreement and shall be, and be deemed to be, a party to the Agency Agreement.

 

	
2.

	
Capitalized Terms

 

Capitalized terms used and not defined herein have the same meaning given to such terms in the Agency Agreement.

 

	
3.

	
Specific Provisions

 

For the purposes of the Australian Covered Bonds only, the following provisions shall apply:

 

	
  

	
(a)

	
Definitions and Interpretation

 

	
  

	
(i)

	
All references to “Agents” shall include the Australian Agent, in its capacity as issuing and paying agent and registrar in Australia in respect of the Australian Covered Bonds.

 

	
  

	
(ii)

	
All references to “Issue and Paying Agent” shall be to the Australian Agent in its capacity as the issue and paying agent in respect of Australian Covered Bonds.

 

	
  

	
(iii)

	
All references to “Registrar” or “Registrars” shall include the Australian Agent, in its capacity as registrar in respect of the Australian Covered Bonds.

 

	
  

	
(iv)

	
All references to “Conditions” or to “Terms and Conditions” are to the terms and conditions of the Australian Covered Bonds as set forth in the Deed Poll, as supplemented, modified or replaced by the applicable Pricing Supplement.

 

	
  

	
(v)

	
“Sydney Banking Day” means a day other than a Saturday or Sunday on which commercial banks and foreign exchange markets are open for general business, including dealings in foreign exchange and foreign currency deposits, in Sydney.

 

  

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4.

	
Issuing Duties

 

	
  

	
(a)

	
In respect of any Tranche of Australian Covered Bonds, notwithstanding anything to the contrary contained in Section 3 of the Agency Agreement:

 

	
  

	
(i)

	
the Issuer shall as soon as practicable, but in any event not later than 12:00 pm (Sydney time) on the second Sydney Banking Day prior to the proposed Issue Date, deliver to the Australian Agent a copy of the Pricing Supplement in relation to the relevant Tranche;

 

	
  

	
(ii)

	
the Registrar will upon receipt from the Issuer of instructions that Australian Covered Bonds are to be issued in a specified principal amount or amounts and to a specified person or persons, enter in the Australian Register (as defined in clause 6) the specified person or persons (which, in the case of Australian Covered Bonds to be cleared through the Austraclear System, shall, unless otherwise notified by the Issuer or Austraclear, be Austraclear) as the holder of Australian Covered Bonds in the specified principal amount or amounts; and

 

	
  

	
(iii)

	
in the case of Australian Covered Bonds to be cleared through the Austraclear System, the Australian Agent will notify Austraclear no later than 12.00 noon Sydney time on the Issue Date  (or such other time as Austraclear requires those details) of the details of the proposed issue and will lodge the details of the proposed issue in the Austraclear System as soon as practicable thereafter so as to facilitate the proposed issue in accordance with the Issuer’s instructions.

 

	
5.

	
Paying Duties

 

	
  

	
(a)

	
Notwithstanding the provisions of Sections 6 of the Agency Agreement:

 

	
  

	
(i)

	
The payment referred to in Section 6.03 will be made to the Australian Agent not later than 2:00 p.m. (local time in Sydney) one Sydney Banking Day prior to the due date for payment of that amount); and

 

	
  

	
(ii)

	
the time for confirming that irrevocable instructions for the transfer of the relevant funds shall be before 2:00 p.m. (local time in Sydney) two Sydney Banking Days prior to the due date for payment of that amount.

 

	
  

	
(b)

	
Notwithstanding the provisions of Section 8 of the Agency Agreement:

 

	
  

	
(i)

	
The Australian Agent’s obligations under Section 8.01 of the Agency Agreement with respect to any payment due on the Australian Covered Bonds on any date are subject to the Issuer or the Guarantor LP paying or causing to be paid to the Australian Agent an amount sufficient (together with any funds then held by the Australian Agent) to pay the full amount due as provided in clause 5(a)(i).

 

  

3

  

 

	
  

	
(ii)

	
If the Issuer or the Guarantor LP does not satisfy the conditions specified in clause 5(a)(i) in respect of any payment but nonetheless pays the required amount to the Australian Agent, the Australian Agent must pay or arrange to be paid the amounts due on the Australian Covered Bonds in accordance with Section 8.01 of the Agency Agreement on the due date or, if the amounts are received by the Australian Agent at a later time, as soon as reasonably practicable after the Australian Agent confirms receipt of the required amount.

 

	
  

	
(iii)

	
The Australian Agent is under no obligation to make or arrange to be made payments on the Australian Covered Bonds except as provided by Section 8 of the Agency Agreement as supplemented by this clause 5.

 

	
  

	
(iv)

	
The Australian Agent will notify by facsimile each of the Bond Trustee and the Issuer if it has not received or the Issuer notifies it that it will not receive the full amount payable on the Australian Covered Bonds on or before the due date for payment of that amount.

 

	
  

	
(v)

	
The Australian Agent must hold all moneys paid to it under the Agency Agreement in its trust account for the benefit of (or on such other terms as may be specified by) the Issuer (in the case of money paid by the Issuer) or the Guarantor LP (in the case of money paid by the Guarantor LP) pending application towards payment of the relevant amount due on the Australian Covered Bonds. If so directed by the Issuer or the Guarantor LP (as the case may be) prior to such application, the Australian Agent must repay the relevant amount to the Issuer or the Guarantor LP (as the case may be).

 

	
  

	
(c)

	
The provisions of this clause 5(c) apply in respect of Australian Covered Bonds lodged in the Austraclear System.  In making any payment of principal or any interest on any Australian Covered Bonds, the Australian Agent shall make such payment by cash transfer effected in the Austraclear System by a single function entry (or as otherwise required) to the account of each entity in whose Security Record (as defined in the rules and regulations established by Austraclear (as amended or replaced from time to time) to govern the use of the Austraclear System, the “Austraclear Regulations”) an Australian Covered Bond is recorded in accordance with the Austraclear Regulations.

 

	
  

	
(d)

	
Where an Extended Due for Payment Date is specified as applicable to the Australian Covered Bonds in the applicable Pricing Supplement, upon the Issuer providing notice to the Australian Agent, in accordance with Condition 6.01, that payment will not be made in full of the Final Redemption Amount in respect the Australian Covered Bonds on the Final Maturity Date, the Australian Agent shall immediately apply to Austraclear to activate/reactivate the ISIN code applicable to such Australian Covered Bonds for the period commencing on the Maturity Date and lasting until the Extended Due for Payment Date.

 

  

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6.

	
Registrar Duties

 

	
  

	
(a)

	
Notwithstanding the provisions of Section 11 of the Agency Agreement

 

	
  

	
(i)

	
The Registrar will establish and maintain and conduct a register (the “Australian Register”) for all Australian Covered Bonds in accordance with the provisions of the Agency Agreement and the relevant Terms and Conditions in Sydney (or in such other place as the Issuer may approve).

 

	
  

	
(ii)

	
The Registrar will:

 

	
  

	
(A)

	
open the Australian Register for business on each Sydney Banking Day; and

 

	
  

	
(B)

	
provide services under this document at its specified office when it is open for business at that place during the hours of 9.00 am to 4.30 pm Monday to Friday.

 

	
  

	
(iii)

	
The Registrar will inscribe on the Australian Register the following information in respect of each Australian Covered Bond:

 

	
  

	
(A)

	
a copy of the applicable Pricing Supplement;

 

	
  

	
(B)

	
the principal amount of the Australian Covered Bond;

 

	
  

	
(C)

	
the dates of issue of the Australian Covered Bond and all subsequent transfers and changes of ownership;

 

	
  

	
(D)

	
the names and addresses of the registered holder of the Australian Covered Bond;

 

	
  

	
(E)

	
the date on which the Australian Covered Bond is redeemed or purchased by the Issuer and cancelled; and

 

	
  

	
(F)

	
such other details as may be required under the Conditions, the Deed Poll or the Trust Deed or as are reasonably requested by the Issuer.

 

	
  

	
(iv)

	
Subject to the Conditions, the Agency Agreement and the Austraclear Regulations, the Registrar must upon receipt of any valid application for any transfer of Australian Covered Bonds made in accordance with the Conditions and the Austraclear Regulations record the transfer in the Register. All transfers must be made subject to, and the Australian Agent must comply with, the regulations the Issuer may from time to time with the approval of the Registrar make concerning the carrying out of transfers of Australian Covered Bonds and the forms and evidence to be provided in connection with any transfer of Australian Covered Bonds.

 

  

5

  

 

	
  

	
(v)

	
The Australian Agent must at all reasonable times during office hours make the Register available to the Issuer, the Bond Trustee, the other Agents, the holders of any Australian Covered Bond or any person authorised by any of them for inspection, copying or taking extracts.

 

	
  

	
(b)

	
General duties

 

	
  

	
(i)

	
The Australian Agent must perform the duties required of it by the Conditions and the Agency Agreement and do such other things as may be necessary to give effect to the duties required of it in the Conditions, the Trust Deed, the Deed Poll and the Agency Agreement.

 

	
  

	
(ii)

	
The Australian Agent must (except as ordered by a court of competent jurisdiction or as required by law or otherwise instructed by the Issuer, with the approval of the Bond Trustee) treat the registered holder of any Australian Covered Bond as the absolute owner of the Australian Covered Bond for all purposes (whether or not overdue and notwithstanding any notice of ownership or writing on the relevant Australian Covered Bond or any notice of previous loss or theft or of trust or other interest in the relevant Australian Covered Bond).

 

	
  

	
(iii)

	
The Australian Agent shall make available to holders of any Australian Covered Bond for inspection at all reasonable times during office hours sufficient copies of all documents required by the Deed Poll, the Conditions or as stated in any offering or information memorandum, prospectus or Pricing Supplement to be available from the Australian Agent and, as required, forms of proxy, together with instructions as to how to complete, deal with and record the issue of such forms.

 

	
  

	
(iv)

	
If requested by the Issuer, the Australian Agent must at the expense of the Issuer arrange for publication of all notices (in a form approved by the Trustee and the Issuer) required or desired by the Issuer to be given to holders of the Australian Covered Bonds in accordance with the Conditions.

 

	
7.

	
Calculation Agent

 

	
  

	
(a)

	
The Issuer appoints the Australian Agent as Calculation Agent in relation to each Series of Australian Covered Bonds in respect of which it is named as such in the applicable Pricing Supplement for the purposes specified in the Agency Agreement and in the Conditions and all matters incidental thereto.

 

	
  

	
(b)

	
The Australian Agent accepts its appointment as Calculation Agent in relation to each Series of Australian Covered Bonds in respect of which it is named as such in the applicable Pricing Supplement and shall perform all matters expressed to be performed by it in, and otherwise comply with, the Conditions and the provisions of the Agency Agreement and, in connection therewith, shall take all such action as may be incidental thereto. The Australian Agent acknowledges and agrees that it shall be named in the applicable Pricing Supplement as Calculation Agent in respect of each Series of Australian Covered Bonds unless the Dealer (or one of the Dealers) through whom such Australian Covered Bonds are issued has agreed with the Issuer to act as Calculation Agent or the Issuer otherwise agrees to appoint another institution as Calculation Agent or a Calculation Agent is not required in respect of such Series.

 

  

6

  

 

	
  

	
(c)

	
The terms of the Agency Agreement relating to indemnification, restrictions on liability and the other rights and protections afforded herein to BTA Institutional Services Australia Limited in its capacity as Australian Agent shall apply equally when it performs its duties as Calculation Agent hereunder.

 

	
8.

	
Calculation Duties

 

	
  

	
(a)

	
Notwithstanding the provisions of Section 13 of the Agency Agreement, the Australian Agent shall in respect of each Series of Australian Covered Bonds in relation to which it is appointed as such:

 

	
  

	
(i)

	
by no later than 7 calendar days before the relevant Payment Day, advise the Issuer of the amount due in respect of each Australian Covered Bond payable by the Issuer on that Payment Day;

 

	
  

	
(ii)

	
as soon as practicable after the relevant time on such date as the relevant Conditions or the relevant Pricing Supplement may require, obtain any quote to be obtained or make any determination or calculation to be made in respect of the Australian Covered Bonds;

 

	
  

	
(iii)

	
notify the Issuer of each calculation made under sub-paragraph (a)(ii) as soon as practicable after its determination, and in any event not later than 12.00 noon Sydney time one Sydney Banking Day after such calculation is made;

 

	
  

	
(iv)

	
provide the Issuer with reasonable details of the manner of arriving at each calculation made under sub-paragraph (a)(ii) not later than 12.00 noon Sydney time one Sydney Banking Day after such calculation is made; and

 

	
  

	
(v)

	
unless otherwise specified in the relevant Pricing Supplement:

 

	
  

	
(A)

	
round all percentages in such calculations to the nearest one hundred-thousandth of a percentage point (with halves being rounded up);

 

	
  

	
(B)

	
round all figures in such calculations to five significant figures (with halves being rounded up); and

 

	
  

	
(C)

	
round all amounts that fall due and payable in such calculations to the nearest cent (with halves being rounded up).

 

  

7

  

 

	
  

	
(b)

	
For each Series of Australian Covered Bonds, the Issuer must:

 

	
  

	
(i)

	
specify in the Pricing Supplement the rate to be quoted, from which Bloomberg or Reuters page it is to be sourced (if applicable), the relevant time (if applicable) and the number of calendar days prior to the commencement of any interest period that the determination is to be made (the “Determination Date”); and

 

	
  

	
(ii)

	
provide to the Australian Agent such documents and other information as the Australian Agent reasonably requires in order for the Australian Agent to properly fulfil its duties as calculation agent under the Agency Agreement.

 

	
  

	
(c)

	
If the Australian Agent at any time has not been provided with the requisite information to make any determination or calculation or take any action that it is required to pursuant to this clause 8, it shall be released from its obligations to make such calculation.  The Australian Agent must notify the Issuer as soon as practicable on any Determination Date if it lacks sufficient information to make a calculation.

 

	
9.

	
Sub-Agents

 

The Australian Agent shall remain responsible pursuant to the provisions hereof for any sub-agents, sub-custodians and/or depositories which are related bodies corporate (as defined in the Corporations Act 2001 (Commonwealth of Australia) of the Australian Agent appointed by the Australian Agent in respect of its rights, duties and/or obligations hereunder.  The Australian Agent may appoint sub-agents, sub-custodians and/or depositories which are not related bodies corporate of the Australian Agent in respect of the Australian Agent’s rights, duties and/or obligations hereunder. The Australian Agent will not be liable for any acts or omissions of any person it appoints subject to it having acted with all due care in selecting that person.

 

	
10.

	
General Provisions

 

	
  

	
(a)

	
Section 9.10 of the Agency Agreement shall not apply to the Australian Agent or the Calculation Agent with respect to the Australian Covered Bonds.

 

	
  

	
(b)

	
None of the parties to this supplemental agreement shall be liable in respect of the acts or omissions of any of the other parties to the Agency Agreement.

 

	
  

	
(c)

	
Notwithstanding anything to the contrary under the Agency Agreement or this supplemental agreement, the Australian Agent is not required to risk or expend its own funds (including, without limitation, for legal fees, disbursements and any publication, advertising, communication, courier, postage and other out of pocket expenses) incurred in connection with its services or obligations hereunder.

 

	
  

	
(d)

	
Each of the parties hereto represents and warrants that:

 

  

8

  

 

	
  

	
(i)

	
it has the power to enter into and has duly authorized the execution and delivery of this supplemental agreement; and

 

	
  

	
(ii)

	
its obligations hereunder constitute its legal, valid and binding obligations.

 

	
  

	
(e)

	
Notwithstanding anything to the contrary in the Agency Agreement, the parties hereto waive any right to trial by jury in any proceeding arising out of or relating to this supplemental agreement, whether now or existing or hereafter arising, and whether arising in contract, tort or otherwise.  The parties agree that any of them may file a copy of this sub-clause with any court as written evidence of the knowing, voluntary and bargained for agreement between the parties irrevocably to waive trial by jury, and that any proceeding whatsoever between them relating to this supplemental agreement shall be tried in a court of competent jurisdiction by a judge sitting without a jury.

 

	
  

	
(f)

	
For the avoidance of doubt, the parties hereto hereby agree that the Australian Agent shall not be responsible or liable for any action that may be required to be taken under applicable law for the preparation or effectiveness of any financing statements or similar filings, or for the effectiveness of the validity, priority or perfection of any related liens or security interests to be maintained pursuant to the terms hereof or the Agency Agreement.

 

	
  

	
(g)

	
The Australian Agent confirms that it is acting through its specified office set out below and agrees that all notices and communications to the Australian Agent shall be delivered in the manner set out in Section 18 of the Agency Agreement to:

 

Level 2

35 Clarence Street

Sydney NSW 2000

Australia

Fax: (61 2) 9551 5009

Attention: Relationship Manager Group

 

	
  

	
(h)

	
For the avoidance of doubt, this supplemental agreement relates only to the Australian Covered Bonds.

 

	
  

	
(i)

	
This supplemental agreement may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

	
  

	
(j)

	
This supplemental agreement is governed by, and shall be construed in accordance with, the laws of the Province of Ontario and the federal laws of Canada applicable therein, and each of the parties hereto irrevocably attorns to the jurisdiction of the courts of Ontario.

 

	
  

	
(k)

	
Notwithstanding anything to the contrary under the Agency Agreement or this supplemental agreement, the Australian Agent will not be liable for any right or cause of action in favour of any person, other than the parties to the Agency Agreement and this supplemental agreement.

 

  

9

  

 

	
  

	
(l)

	
This supplemental agreement may not be amended or modified except in writing by each of the parties to this supplemental agreement.

 

 

[the remainder of this page is intentionally left blank]

 

 

 

 

 

 

  

10

  

 

IN WITNESS whereof this Agreement has been entered into as of the day and year first above written.

 

 

	 	
ROYAL BANK OF CANADA

	 
	 	 	 
	 	 	 	 
	
 

	
Per: 

	/s/ James Salem	 
	 	 	Name: James Salem	 
	 	 	
Title: Executive Vice-President and 

Treasurer

	 

	 	
 

	 
	 	 	 	 
	
 

	
Per: 

	/s/ David Power	 
	 	 	Name: David Power	 
	 	 	

Title:   Vice-President, Corporate 

Treasury

	 

 

 

	 	

BTA INSTITUTIONAL SERVICES 

AUSTRALIA LIMITED (ABN 48 002 916 

396)

	 
	 	 	 	 
	
 

	
Per: 

	/s/ Andrea Ruver	 
	 	 	

Name: Andrea Ruver

	 
	 	 	

Title: Vice-President

	 

 

 

cc:

 

RBC Covered Bond Guarantor Limited Partnership

 

RBC Covered Bond GP Inc.

 

The Bank of New York Mellon, London Branch

 

The Bank of New York Mellon (Luxembourg) S.A.

 

BNY Trust Company Of Canada

 

Computershare Trust Company of Canada

 

 

 

Signature Page to Supplementary Agency Agreement

 

  

  

  

 

ACKNOWLEDGED BY:

 

 

 

	 	

RBC COVERED BOND GUARANTOR 

LIMITED PARTNERSHIP, by its managing 

general partner, RBC COVERED BOND GP 

INC.

as Guarantor

	 
	 	 	 	 

	 	 	 	 
	
 

	
Per: 

	/s/ David Power	 
	 	 	Name: David Power	 
	 	 	

Title: President

	 

 

 

	 	

COMPUTERSHARE TRUST COMPANY 

OF CANADA

	 
	 	as Bond Trustee	 
	 	 	 	 
	 	 	 	 
	
 

	
Per: 

	/s/ Mircho Mirchev	 
	 	 	

Name: Mircho Mirchev

	 
	 	 	

Title: Corporate Trust Officer

	 

 

	 	 	 	 
	
 

	
Per: 

	/s/ Ann Samuel	 
	 	 	

Name: Ann Samuel

	 
	 	 	

Title:   Associate Trust Officer

	 
	 	 	 

 

 

 

 

Signature Page to Supplementary Agency Agreementex4_1.htm

Exhibit 4.1

 

	
No. __________ 

	
__________ A WARRANTS

 

 

 

 

THIS A WARRANT CERTIFICATE WILL BE VOID IF NOT EXERCISED PRIOR

 

TO 5:00 P.M. NEW YORK CITY TIME, AUGUST 16, 2018

 

 

GOOD TIMES RESTAURANTS INC.

 

 

A WARRANT CERTIFICATE

 

 

THIS CERTIFIES THAT, for value received, [_______________] (“A Warrantholder”) is the registered holder of [_______] A Warrants (the “A Warrant” or “A Warrants”) to purchase fully paid and non-assessable shares of common stock, par value $0.001 per share (the “Share” or “Shares”), of GOOD TIMES RESTAURANTS INC., a Nevada corporation (the “Company”).

 

1.             Terms and Exercise of A Warrants.

 

(a)           A Warrant Price.  Each A Warrant shall entitle the registered holder thereof, subject to the provisions of such A Warrant, to purchase from the Company one share of Common Stock at the price of $2.75 per share, subject to the adjustments provided in Section 2 hereof and in the last sentence of this Section 1(a).  The term “A Warrant Price” as used in this Agreement refers to the price per share at which Common Stock may be purchased at the time the A Warrants are exercised.  The Company, in its sole discretion, may by notice to registered holders lower the A Warrant Price at any time prior to the Expiration Date (as defined below) for a specified period of not less than 20 business days.

 

(b)           Duration of A Warrants.  The A Warrants may be exercised only during the period (“Exercise Period”) commencing on the date of issuance and terminating at 5:00 p.m., New York City time, on the Expiration Date.  For purposes of this Agreement, the “Expiration Date” shall mean the earlier to occur of (i) August 16, 2018, or (ii) the date fixed for redemption of the A Warrants as provided in Section 4 hereof.  Except with respect to the right to receive the Redemption Price (as set forth in Section 6 hereof), each A Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof shall cease at the close of business on the Expiration Date.  The Company may extend the duration of the A Warrants by delaying the Expiration Date; provided, however, that the Company shall provide notice to registered holders of the A Warrants of such extension of not less than 20 days.

 

  

- 1 -

  

 

(c)           Exercise of A Warrants.

 

(i)            Payment.  Subject to the provisions of the A Warrants, the A Warrants may be exercised by the registered holder thereof by surrendering them at the Company with the subscription form as set forth herein duly executed and, except where otherwise permitted in accordance with Section 1(c)(ii), by paying in full in lawful money of the United States by certified check made payable to the Company or by wire transfer of immediately available funds to an account designated by the Company (or as otherwise agreed to by the Company), the A Warrant Price for each share of Common Stock as to which the A Warrants are exercised and any and all applicable taxes due in connection with the exercise of the A Warrants and the issuance of the Common Stock.  

 

(ii)           Cashless Exercise.  If, and only if, at the time of exercise of the A Warrants there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Common Stock to the A Warrantholder, then, and only then, the A Warrants may at the option of the A Warrantholder be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the A Warrantholder shall be entitled to receive a number of shares of Common Stock equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

(A) = the VWAP (defined below) on the trading day immediately preceding the date on which the A Warrantholder elects to exercise the A Warrants by means of a “cashless exercise,” as set forth in the applicable subscription form;

 

(B) = the A Warrant Price of the A Warrants, as adjusted hereunder; and

 

(X) = the number of shares of Common Stock that would be issuable upon exercise of the A Warrants being exercised  in accordance with the terms hereof if such exercise were by means of a cash exercise rather than a cashless exercise.

 

“VWAP” means, for any date, the price per share of Common Stock determined by the first of the following clauses that applies:  (a) if the Common Stock is then listed or quoted on the New York Stock Exchange, the American Stock Exchange, the NASDAQ National Market, the NASDAQ Capital Market or the OTC Bulletin Board (each, a “Trading Market”), the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (“Bloomberg”) (based on a trading day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if the Common Stock is not then listed or quoted for trading or quoted for trading on a Trading Market and if prices for the  Common Stock are then reported in the “Pink Sheets” published by Pink OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (c) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Board of Directors of the Company, the fees and expenses of which shall be paid by the Company.

 

  

- 2 -

  

 

(iii)           Issuance of Certificates.  As soon as practicable after the exercise of any A Warrants and the clearance of the funds in payment of the A Warrant Price, the Company shall issue to the registered holder of such A Warrants a certificate or certificates representing the number of shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and, if such A Warrants shall not have been exercised or surrendered in full, a new countersigned A Warrant Certificate for the number of shares as to which such A Warrants shall not have been exercised or surrendered.  Subject to Section 5(d) and notwithstanding the foregoing, the Company shall not be obligated to deliver any securities pursuant to the exercise of A Warrants unless (a) a registration statement under the Securities Act of 1933, as amended (the "Act") with respect to the Common Stock issuable upon exercise of the A Warrants is effective and a current prospectus relating to the shares of Common Stock issuable upon exercise of the A Warrants is available for delivery to the A Warrant holders, or (b) the exercise of the A Warrants is exempt from the registration requirements of the Act and such securities are qualified for sale or exempt from qualification under applicable securities laws of the state or other jurisdiction in which the registered holder resides. A Warrants may not be exercised by, or securities issued to, any registered holder in any state in which such exercise or issuance would be unlawful. In the event a registration statement under the Act with respect to the Common Stock underlying the A Warrants is not effective or a prospectus is not available, or because such exercise would be unlawful with respect to a registered holder in any state, the registered holder shall not be entitled to exercise such A Warrants and such A Warrants may have no value and expire worthless.  In no event will the Company be obligated to pay such registered holder any cash consideration upon exercise (except pursuant to Section 2(e)). The Company’s counsel shall deliver any legal opinions required by the transfer agent in connection with the exercise of the A Warrants at no cost to the A Warrantholder.

        

(iv)           Valid Issuance.  All shares of Common Stock issued upon the proper exercise or surrender of the A Warrants in conformity with this Agreement shall be validly issued, fully paid and nonassessable.

 

(v)           Date of Issuance.  Each person or entity in whose name any such certificate for shares of Common Stock is issued shall, for all purposes, be deemed to have become the holder of record of such shares on the date on which the A Warrants were surrendered and payment of the A Warrant Price was made, irrespective of the date of delivery of such certificate, 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.

(vi)          .Exercise Limitation.  Notwithstanding any provisions herein to the contrary, the A Warrantholder shall not be entitled to exercise the A Warrants for a number of shares of Common Stock in excess of that number of shares of Common Stock which, upon giving effect to such exercise, would cause the aggregate number of shares of Common Stock beneficially owned by such A Warrantholder to exceed 9.99% of the outstanding shares of Common Stock following such exercise.  For purposes of the foregoing proviso, the aggregate number of shares of Common Stock beneficially owned by the A Warrantholder shall include the number of shares of Common Stock issuable upon exercise of this A Warrant with respect to which determination of such proviso is being made, but shall exclude the shares of Common Stock which would be issuable upon (i) exercise of the remaining, unexercised A Warrants beneficially owned by the A Warrantholder and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by the A Warrantholder subject to a limitation on conversion or exercise analogous to the limitation contained herein.  Except as set forth in the preceding sentence, for purposes of this Section 1(c)(vi), beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended.  The A Warrantholder may waive the foregoing limitation by written notice to the Company upon not less than 61 days prior written notice (such waiver taking effect only upon the expiration of such 61 day notice period and applying only to the A Warrantholder and not to any other holder of A Warrants).  For purposes of this Section 1(c)(vi), in determining the number of outstanding shares of Common Stock, the A Warrantholder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company’s most recent Form 10-Q or Form 10-K, as the case may be, filed with the Securities and Exchange Commission on the date thereof, (2) a more recent public announcement by the Company as to the number of shares of Common Stock outstanding, or (3) any other notice by the Company or its transfer agent setting forth the number of shares of Common Stock outstanding.  Upon the written request of the A Warrantholder, the Company shall within three trading days confirm in writing or by electronic mail to the A Warrantholder the number of shares of Common Stock then outstanding.  In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including the A Warrants, by the A Warrantholder since the date as of which such number of outstanding shares of Common Stock was reported.

2.             Adjustments.

 

(a)           Stock Dividends; Stock Splits.  If, after the date hereof, and subject to the provisions of Section 2(f) below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split of shares of Common Stock, or other similar event, then, on the effective date of such stock dividend, stock split or similar event, the number of shares of Common Stock issuable on exercise of the A Warrants shall be increased in proportion to such increase in outstanding shares of Common Stock.

 

  

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(b)           Aggregation of Shares.  If, after the date hereof, and subject to the provisions of Section 2(f) below, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of the A Warrants shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

 

(c)           Adjustments in A Warrant Price.  Whenever the number of shares of Common Stock purchasable upon the exercise of the A Warrants is adjusted, as provided in Sections 2(a) and 2(b), the A Warrant Price shall be adjusted (to the nearest cent) by multiplying such A Warrant Price, immediately prior to such adjustment, by a fraction, (i) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the A Warrants immediately prior to such adjustment, and (ii) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

 

(d)           Extraordinary Dividends.  If the Company, at any time during the Exercise Period, shall pay a dividend in cash, securities or other assets to the holders of Common Stock (or other shares of the Company’s capital stock into which the A Warrants are convertible), other than (i) as described in Sections 2(a), 2(b) or 2(e), or (ii) regular quarterly or other periodic dividends (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the A Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Company’s Board of Directors, in good faith) of any securities or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend in order that subsequent thereto upon exercise of the A Warrants the A Warrantholder may obtain the equivalent benefit of such Extraordinary Dividend.

 

(e)           Replacement of Securities upon Reorganization, Etc.  In case of any reclassification or reorganization of the outstanding shares of Common Stock (other than a change covered by Sections 2(a) or 2(b) hereof or one that solely affects the par value of such shares of Common Stock), or, in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding shares of Common Stock), or, in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety, in connection with which the Company is dissolved, the A Warrants shall thereafter represent the right to purchase and receive, upon the basis and upon the terms and conditions specified in the A Warrants and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the A Warrants holder would have received if such A Warrants holder had exercised his, her or its A Warrants immediately prior to such event; and if any reclassification also results in a change in shares of Common Stock covered by Sections 2(a) or 2(b), then such adjustment shall be made pursuant to Sections 2(a), 2(b), 2(c) and this Section 2(e). The provisions of this Section 2 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

 

  

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(f)            Notices of Changes in A Warrants.  Upon every adjustment of the A Warrant Price or the number of shares issuable upon exercise of the A Warrants, the Company shall give written notice thereof to each registered holder, which notice shall state the A Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise of the A Warrants, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in Sections 2(a), 2(b), 2(d) or 2(e) the Company shall give written notice to each A Warrants holder, at the last address set forth for such holder in the A Warrants register, of the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event.

 

(g)           Form of A Warrant.  The form of A Warrant need not be changed because of any adjustment pursuant to this Section 2, and A Warrants issued after such adjustment may state the same A Warrant Price and the same number of shares as is stated in the A Warrants initially issued pursuant to this Agreement. However, the Company may, at any time, in its sole discretion, make any change in the form of A Warrants that the Company may deem appropriate and that does not affect the rights of holders thereof, and any A Warrants thereafter issued or countersigned, whether in exchange or substitution for outstanding A Warrants or otherwise, may be in the form as so changed.

 

(h)           Notice of Certain Transactions.  In the event that the Company shall propose to (i) offer the holders of its Common Stock rights to subscribe for or to purchase any securities convertible into shares of Common Stock or shares of stock of any class or any other securities, rights or options, (ii) issue any rights, options or warrants entitling the holders of Common Stock to subscribe for shares of Common Stock or (iii) make a tender offer, redemption offer or exchange offer with respect to the Common Stock, the Company shall send to the A Warrant holders a notice of such proposed action or offer. Such notice shall be mailed to the registered holders at their addresses as they appear in the A Warrants register, which shall specify the record date for the purposes of such dividend, distribution or rights, or the date such issuance or event is to take place and the date of participation therein by the holders of Common Stock, if any such date is to be fixed, and shall briefly indicate the effect of such action on the Common Stock and on the number and kind of any other shares of stock and on other property, if any, and the number of shares of Common Stock and other property, if any, issuable upon exercise of the A Warrants and the A Warrant Price after giving effect to any adjustment pursuant to this Section 2 which would be required as a result of such action. Such notice shall be given as promptly as practicable after the Company has determined to take any such action and (x) in the case of any action covered by clause (i) or (ii) above, at least 10 days prior to the record date for determining the holders of the Common Stock for purposes of such action or (y) in the case of any other such action, at least 20 days prior to the date of the taking of such proposed action or the date of participation therein by the holders of Common Stock, whichever shall be the earlier.

 

(i)            Other Events.  If any event occurs as to which the foregoing provisions of this Section 2 are not strictly applicable or, if strictly applicable, would not, in the good faith judgment of the Company’s Board of Directors, fairly and adequately protect the purchase rights of the registered holders of the A Warrants in accordance with the essential intent and principles of such provisions, then the Company shall make such adjustments in the application of such provisions, in accordance with such essential intent and principles, as shall be reasonably necessary, in the good faith opinion of the Company, to protect such purchase rights as aforesaid.

 

  

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3.              Transfer and Exchange of A Warrants.

 

(a)            Registration of Transfer.  The Company shall register the transfer, from time to time, of any outstanding A Warrants into the A Warrant register, upon surrender of such A Warrants for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, new A Warrants representing an equal aggregate number of A Warrants shall be issued and the old A Warrants shall be cancelled by the Company.

 

(b)           Procedure for Surrender of A Warrants.  A Warrants may be surrendered to the Company, together with a written request for exchange or transfer, and, thereupon, the Company shall issue in exchange therefor one or more new A Warrants as requested by the registered holder of the A Warrants so surrendered, representing an equal aggregate number of A Warrants; provided, however, that, in the event the A Warrants surrendered for transfer bear a restrictive legend, the Company shall not cancel such A Warrants and issue new A Warrants in exchange therefor until the Company has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new A Warrants must also bear a restrictive legend.

 

(c)            Service Charges.  No service charge shall be made for any exchange or registration of transfer of A Warrants.

 

4.              Redemption.

 

(a)            Redemption.  Subject to the penultimate and final sentences of this Section 4(a) and from and after one year following the issuance of the A Warrants, not less than all of the outstanding A Warrants may be redeemed, at the option of the Company, at any time thereafter after they become exercisable and there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the A Warrants current and available and prior to their expiration, upon the notice referred to in Section 4(b), in whole but not in part, at the price of $0.01 per A Warrant (“Redemption Price”), provided that the closing sales price of a share of Common Stock has been equal to or greater than 150% of the A Warrant Price (as adjusted pursuant to Section 2(c) hereof) for any 20 trading days within a 30 consecutive trading day period ending on the third business day prior to the date on which notice of redemption is given.  Notwithstanding anything to the contrary contained herein, the Company shall not call the A Warrants for redemption unless there is an effective registration statement under the Act relating to the shares of Common Stock issuable upon exercise of the A Warrants current and available throughout the “30-day redemption period” and a prospectus is available.

 

(b)            Date Fixed for, and Notice of, Redemption.  In the event the Company shall elect to redeem all of the A Warrants, the Company shall fix a date for the redemption. Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than 30 days prior to the date fixed for redemption to the registered holders of the A Warrants to be redeemed at their last addresses as they shall appear on the A Warrant Register. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder received such notice.

 

  

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(c)            Exercise After Notice of Redemption.  The A Warrants may be exercised in accordance with Section 1 of this Agreement at any time after notice of redemption shall have been given by the Company pursuant to Section 4(b) hereof and prior to the time and date fixed for redemption. On and after the redemption date, the registered holders of the A Warrants shall have no further rights except to receive, upon surrender of the A Warrants, the Redemption Price.

 

5.              Other Provisions Relating to Rights of Holders of A Warrants.

 

(a)            No Rights as Stockholder.  The A Warrants do not entitle the registered holder thereof to any of the rights of a stockholder of the Company, including, without limitation, the right to receive dividends or other distributions, to exercise any preemptive rights, or to vote, consent or receive notice as stockholders in respect of the meetings of stockholders or the election of directors of the Company or any other matter.

 

(b)            Lost, Stolen, Mutilated or Destroyed A Warrant Certificates.  If any A Warrant Certificate is lost, stolen, mutilated or destroyed, the Company may, on such terms as to indemnity or otherwise as it may in its discretion impose (which terms shall, in the case of a mutilated A Warrant Certificate, include the surrender thereof), issue a new A Warrant Certificate of like denomination, tenor and date as the A Warrant Certificate so lost, stolen, mutilated or destroyed. Any such new A Warrant Certificate shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed A Warrant Certificate shall be at any time enforceable by anyone.

 

(c)            Reservation of Common Stock.  The Company shall at all times reserve and keep available a number of its authorized but unissued shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding A Warrants issued pursuant to this Agreement.

 

(d)            Registration of Common Stock.  The Company agrees that prior to the commencement of the Exercise Period, it shall use its best efforts to prepare and file with the Securities and Exchange Commission a post-effective amendment to the registration statement, or a new registration statement, for the registration under the Act of the Common Stock issuable upon exercise of the A Warrants, and it shall take such action as is necessary to qualify for sale, in those states in which the A Warrants were initially offered by the Company, the Common Stock issuable upon exercise of the A Warrants. In either case, the Company will use its best efforts to cause the same to become effective on or prior to the commencement of the Exercise Period and to maintain the effectiveness of such registration statement and ensure that a prospectus is available for delivery to the A Warrant holders until the expiration of the A Warrants in accordance with the provisions of this Agreement.  Except as provided in Section 1(c)(ii) of this A Warrant Certificate, the A Warrants shall not be exercisable and the Company shall not be obligated to issue Common Stock unless, at the time a holder seeks to exercise A Warrants, a prospectus related to the Common Stock issuable upon exercise of the A Warrants is current and the Common Stock has been registered or qualified under the laws of the state of residence of the holder of the A Warrants or unless the issuance of the Common Stock is deemed to be exempt from such requirements.  In addition, the Company agrees to use its best efforts to register such securities under the blue sky laws of the states of residence of exercising A Warrant holders, if permitted by the blue sky laws of such jurisdictions, in the event that an exemption is not available.

 

  

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(e)           Notices.  Any notice, statement or demand authorized by this Certificate to be given or made by the Company or by the holder of the A Warrants to or on the Company shall be delivered by hand or sent by registered or certified mail or overnight courier service, addressed (until another address is provided in writing by the Company) as follows:

 

Good Times Restaurants Inc.

 

601 Corporate Circle

 

Golden, CO 80401

 

Attn:  President and CEO

 

 

Any notice, sent pursuant to this Certificate shall be effective, if delivered by hand, upon receipt thereof by the party to whom it is addressed, if sent by overnight courier, on the next business day of the delivery to the courier, and if sent by registered or certified mail on the third day after registration or certification thereof.

 

(f)            Applicable Law.  The validity, interpretation, and performance of this Certificate and of the A Warrants shall be governed in all respects by the laws of the State of Nevada, without giving effect to any conflict of laws principles. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Certificate and to the A Warrants shall be brought and enforced in the courts of the State of Nevada or the United States District Court for the District of Nevada, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 5(e) hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

GOOD TIMES RESTAURANTS INC.

 

 

 

	
By:

	  	  
	  	  	  
	  	
Boyd E. Hoback, President & CEO

	  

 

                                                                

 

 

	
By:

	  	  
	  	  	  
	  	
Susan M. Knutson, Secretary

	  

 

  

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GOOD TIMES RESTAURANTS INC.

 

SUBSCRIPTION FORM

 

(To Be Executed by the A Warrantholder in Order to Exercise A Warrants)

 

 

 

The undersigned A Warrantholder hereby irrevocably elects to exercise __________ A Warrants represented by this A Warrant Certificate, and to purchase the shares of Common Stock issuable upon the exercise of such A Warrants.  Payment shall take the form of (check applicable box):

 

o in lawful money of the United States by certified check made payable to the Company or by wire transfer of immediately available funds to an account designated by the Company; or

 

 

o if permitted by the terms of the A Warrant Certificate, the cancellation of such number of shares of Common Stock as is necessary, in accordance with the formula set forth in Section 1(c)(ii), to exercise the A Warrants with respect to the maximum number of shares of Common Stock purchasable pursuant to the cashless exercise procedure set forth in Section 1(c)(ii).

 

 

The undersigned A Warrantholder requests that certificates for such shares shall be issued in the name of:

 

	
Name:   

	  	  
	  	  	  
	
Address:   

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Tax Identification Number:   

	  	  

 

 

and be delivered to:

 

 

 

	
Name:   

	  	  
	  	  	  
	
Address:   

	  	  
	  	  	  
	  	  	  

 

 

and, if the number of A Warrants shall not be all the A Warrants evidenced by this A Warrant Certificate, that a new A Warrant Certificate for the balance of such A Warrants be registered in the name of, and delivered to, the A Warrantholder at the address stated below.

 

 

	
Dated:

	  	  	  	  	
Signature: 

	  	  
	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  
	  	  	  	  	  	
Address

 

	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  
	  	  	  	  	  	
  Tax Identification Number

 

  

- 9 -

  

 

Signature Guaranteed:

 

 

 

	  	  

 

 

THE SIGNATURE TO THIS A WARRANT EXERCISE FORM MUST CORRESPOND TO THE NAME WRITTEN UPON THE FACE OF THIS A WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF THE AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR CHICAGO STOCK EXCHANGE.

 

 

 

 

 

 

  

- 10 -

  

 

GOOD TIMES RESTAURANTS INC.

 

ASSIGNMENT

 

(To Be Executed by the A Warrantholder in Order to Assign A Warrants)

 

 

 

For Value Received, ____________________ hereby sells, assigns and transfers unto:

 

 

	
Name:   

	  	  
	  	  	  
	
Address:   

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Tax Identification Number:   

	  	  

 

_________ of the A Warrants represented by this A Warrant Certificate, and hereby irrevocably constitutes and appoints ____________________ Attorney to transfer this A Warrant Certificate on the books of the Company, with full substitution in the premises.

 

 

                                                             

 

	
Dated:

	  	  	  	  	
Signature: 

	  	  

 

 

 

 

Signature Guaranteed:

 

 

 

 

	  	  

 

 

THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND TO THE NAME WRITTEN UPON THE FACE OF THIS A WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF THE AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR CHICAGO STOCK EXCHANGE.

 

 

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