Document:

Warrant to Purchase Shares of Common Stock issued to Michael Moretti

  
 Exhibit 10.3

 THIS WARRANT MAY NOT BE TRANSFERRED EXCEPT AS OTHERWISE DESCRIBED BELOW. 
 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AMENDED (THE “1933 ACT”), OR ANY STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE
OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF (I) SUCH REGISTRATION OR (II) AN EXEMPTION THEREFROM AND, IF REQUESTED BY THE COMPANY, AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH
REGISTRATION IS NOT REQUIRED. 
 Warrant No. CSW-100   

DAYSTAR TECHNOLOGIES, INC. 
 VOID AFTER 5:00 P.M. PST ON October 11, 2015 
 Warrant to Purchase 348,147
Shares 
 of Common Stock Dated October 12, 2010 
 WARRANT FOR THE PURCHASE OF SHARES OF COMMON STOCK 
 THIS CERTIFIES THAT, FOR VALUE
RECEIVED, Michael Moretti, or his registered assign(s) (the “Holder”), is entitled to purchase from Daystar Technologies, Inc., a Delaware corporation (the “Company”), subject to the terms and conditions set
forth in this Warrant, up to 348,147 fully paid and nonassessable shares of common stock (“Common Stock”), of the Company, at any time commencing on the date hereof (the “Commencement Date”) and expiring at 5:00
p.m. PST, on October 11, 2015 (the “Expiration Date”). The price for each share of Common Stock purchased hereunder (as adjusted as set forth herein, collectively the “Warrant Shares”) is $1.25 per share until
expiration of this Warrant (as adjusted as set forth herein, the “Purchase Price”). 
 The Holder agrees with the Company that
this Warrant is issued, and all the rights hereunder shall be held, subject to all of the conditions, limitations and provisions set forth herein. 
 1. EXERCISE OF WARRANT. 
 A. MANNER OF EXERCISE. Except as set forth
in Section 1(D), this Warrant may be exercised in whole at any time, or in part from time to time, during the period commencing on the sixth month anniversary of the Commencement Date and expiring on the Expiration Date or, if any such day is a
day on which banking institutions in the City of San Francisco, California, are authorized by law to close, then on the next succeeding day that shall 

 
not be such a day, by presentation and surrender of this Warrant to the Company at its principal office with the Purchase Form attached as Annex I (the “Purchase Form”)
duly executed and accompanied by payment (either in cash or by certified or official bank check, payable to the order of the Company) of the Purchase Price for the number of shares specified in the Purchase Form. 

B. STATUS AS HOLDER OF WARRANT SHARES; TAXES; EXPIRATION. Upon receipt by the Company of this Warrant, the duly executed Purchase
Form, together with the Purchase Price, at its office, the Holder shall be deemed to be the holder of record of the Warrant Shares issuable upon such exercise, notwithstanding that the stock transfer books of the Company shall then be closed or that
certificates representing such Warrant Shares shall not then be actually delivered to the Holder. The Company shall pay any and all documentary stamp or similar issue taxes payable in respect of the issue or delivery of Warrant Shares. This Warrant
shall become void, and all rights hereunder shall cease, at the close of business on the Expiration Date. The Company in its sole discretion may extend the duration of this Warrant by delaying the Expiration Date. 

C. ISSUANCE OF CERTIFICATES. As soon as practicable after the exercise of all or any portion of this Warrant, the Company shall,
within three (3) Trading Days (defined below), (i) issue to the Holder a certificate or certificates for the number of full Warrant Shares to which the Holder is entitled, or, at the Holder’s request, deliver such Warrant Shares
electronically if such means is otherwise presently available to and utilized by the Company, registered in such name or names as may be directed by the Holder, and (ii) if this Warrant has not been exercised in full, issue to the Holder a new
countersigned warrant in substantially the same form for the Warrant Shares as to which this Warrant shall not have been exercised. This Warrant may not be exercised by, or securities issued to, any Holder in any state in which such exercise would
be unlawful. 
 D. SHAREHOLDER APPROVAL. The Company represents and warrants that: (i) such exercise does not
require the Company to obtain prior stockholder approval, or (ii) stockholders have pre-approved the issuance of shares of Common Stock to Holder upon exercise of this Warrant. 
 2. RESERVATION OF SHARES. The Company will at all times reserve for issuance and delivery upon exercise of this Warrant all Warrant Shares or other shares of capital stock of the Company (and other
securities and property) from time to time receivable upon exercise of this Warrant. All such shares (and other securities and property) shall be duly authorized and, when issued upon such exercise, shall be validly issued, fully paid and
nonassessable and free of all preemptive rights. 

  
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 3. NO FRACTIONAL SHARES. No
fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. If the holder of this Warrant would be entitled, upon the exercise of this Warrant, to receive a fractional interest in a share, the Company
shall, upon such exercise, purchase such fractional interest, determined as follows: 
  

	 	(a)	If the Common Stock is listed on a national securities exchange (which includes the Nasdaq Capital Market) or admitted to unlisted trading privileges on such exchange
or listed for trading on the OTC Bulletin Board, the current value shall be the last reported sale price of the Common Stock on such exchange on the last business day prior to the date of exercise of this Warrant or if no such sale is made on such
day, the average of the closing bid and asked prices for such day on such exchange; or 

  

	 	(b)	If the Common Stock is not listed or admitted to unlisted trading privileges, the current value shall be the mean of the last reported bid and asked prices reported by
the National Quotation Bureau, Inc. on the last business day prior to the date of the exercise of this Warrant; or 

  

	 	(c)	If the Common Stock is not so listed or admitted to unlisted trading privileges and bid and asked prices are not so reported, the current value shall be an amount
determined (i) in good faith by the Board of Directors of the Company and certified in a Board resolution, based on the most recently completed arm’s-length transaction between the issuer of such security and a Person other than an
affiliate of such person, the closing of which occurred on such date or within the six-month period preceding such date, or (ii) if no such transaction has occurred on such date or within such six-month period, the value of the security as
determined by an independent financial expert. 

 4. STOCK DIVIDENDS; SPLIT-UPS. If after the issuance of this Warrant, and
subject to the provisions herein the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective day
thereof, the number of Warrant Shares shall be increased in proportion to such increase in outstanding shares and the then applicable Purchase Price shall be correspondingly decreased. 
 5. AGGREGATION OF SHARES. If after the date hereof, and subject to the provisions herein, 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, after the effective date of such consolidation, combination or reclassification, the number of Warrant Shares shall be decreased in proportion to such decrease
in outstanding shares and the then applicable Purchase Price shall be correspondingly increased. 
 6. REORGANIZATION, ETC. If after the
date hereof any capital reorganization or reclassification of the Common Stock, or consolidation or merger of the Company with another corporation, or the sale of all or substantially all of its assets to another corporation or other similar event
shall be effected, then, as a condition of such reorganization, reclassification, consolidation, merger or sale, lawful and fair provision shall be made whereby the registered holders shall thereafter have the right to purchase and receive, upon the
basis and upon the terms and conditions specified in this Warrant and in lieu of the securities of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby, such shares of stock, securities or
assets as may be issued or payable with respect to or in exchange for the number of outstanding shares of such Common Stock equal to the number of shares of Common Stock immediately theretofore purchasable and receivable upon the exercise of the
rights represented by this Warrant, had such reorganization, reclassification, consolidation, 

  
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merger, or sale not taken place and in such event appropriate provision shall be made with respect to the rights and interests of the registered holders to the end that the provisions hereof
(including, without limitation, provisions for adjustments of the Purchase Price and the Warrant Shares) shall thereafter be applicable, as nearly as may be in relation to any share of stock, securities or assets thereafter deliverable upon the
exercise hereof. The Company shall not effect any such consolidation, merger or sale unless prior to the consummation thereof the successor corporation (if other than the Company) resulting from such consolidation or merger, or the corporation
purchasing such assets, shall assume by written instrument executed and delivered to the Company the obligation to deliver to the registered holders such shares of stock, securities or assets as, in accordance with the foregoing provisions, such
holders may be entitled to purchase. 
 7. FORM OF WARRANT. This Warrant need not be changed because of any adjustment pursuant to the
terms herein, and any form of warrant issued after such adjustment may state the same Purchase Price and the same number of shares as is stated in this Warrant. However, the Company may at any time in its sole discretion make any change in the form
of this Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any warrant thereafter issued, whether in exchange or substitution for this Warrant or otherwise, may be in the form as so changed. The Company
agrees to notify the Holder of any adjustment to the number of shares or Purchase Price of the Warrant, any changes to the form of this Warrant or any other change pursuant to the terms herein. 

8. TRANSFER OF WARRANTS. This Warrant and the Warrant Shares have not been registered under the 1933 Act or similar state laws. This Warrant and
Warrant Shares cannot be sold or transferred by an investor unless (i) they are so registered or (ii) an exemption from registration is available at the time of transfer and, if requested by the Company, an opinion of counsel satisfactory
to the Company to the effect that such registration is not required is delivered to the Company. Subject to the foregoing limitations, the Company shall register the transfer, from time to time, of this Warrant upon the Company’s warrant
register, upon surrender of this Warrant for transfer, accompanied by a duly executed Assignment Form in the form attached as Annex II, with signatures properly guaranteed as indicated. Upon any such transfer, a new warrant or warrants
representing the aggregate number of this Warrant shall be issued and this Warrant shall be cancelled by the Company. 
 A restrictive legend
shall be placed upon each share certificate acquired upon exercise of this Warrant in substantially the following form: 
 THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AMENDED, OR ANY STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF
(I) SUCH REGISTRATION OR (II) AN EXEMPTION THEREFROM AND, IF REQUESTED BY THE COMPANY, AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY
NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT. 

  
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 The foregoing legend will be removed
from the certificates representing any Warrant Shares, at the request of the holder thereof, at such time as they become the subject of an effective resale registration statement or they become eligible for resale pursuant to Rule 144 under the
1933 Act. 
 9. NO RIGHTS AS STOCKHOLDERS. Prior to the exercise of this Warrant in accordance with the terms hereof and payment of the
full exercise price therefor, the Holder will not be entitled to any rights by virtue hereof as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends or other distributions, to exercise any preemptive
rights, to consent or to receive notice as stockholders of the Company in respect to the meetings of stockholders or the election of directors of the Company or any other matter. 
 10. LOST, STOLEN, MUTILATED OR DESTROYED WARRANTS. If this Warrant 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 shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new warrant of like denomination, tenor, and date. Any such new warrant shall constitute a substitute contractual obligation of the Company, whether or
not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone. 
 11. GOVERNING LAW. This
Warrant shall be governed by and construed in accordance with the laws of New York State without giving effect to conflicts of laws principles that would require the application of the law of another jurisdiction. 

12. NOTICES OF CERTAIN ACTIONS. In the event: 
  

	 	(a)	the Company sets a record date with respect to the holders of Common Stock for the purpose of entitling or enabling them to receive any dividend or other distribution,
or to receive any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right; 

  

	 	(b)	the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other
similar event; 

  

	 	(c)	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; 

  

	 	(d)	of any capital reorganization or reclassification of the Common Stock, or consolidation or merger of the Company with another corporation, or the sale of all or
substantially all of its assets to another corporation or other similar event; 

  

	 	(e)	of the voluntary or involuntary dissolution, liquidation or winding-up of the Company; 

  
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	 	(f)	the bankruptcy whether voluntary or involuntary of the Company; 

 then, and in each such case, the Company will provide written notice (an “Event Notice”) to the Holder at least ten days prior to (i) the record date in the case of (a) above,
specifying the record date and the amount and character of such dividend, distribution or right, and (ii) the effective date of any event specified in clause (b), (c), (d), (e), of (f) above, specifying the effective date on which such
event is to take place, and the time, if any is to be fixed, as of which the holders of record of Common Stock will be entitled to exchange their shares of Common Stock for securities or other property deliverable upon such event, if applicable. Any
failure to mail an Event Notice required by this Section 12 or any defect therein or in the mailing thereof will not affect the validity of the corporate action required to be specified in such Event Notice. Nothing herein shall prohibit the
Holder from exercising this Warrant during the ten day period commencing on the date of an Event Notice, provided that such exercise occurs prior to the Expiration Date and the Holder otherwise complies with the terms hereof. 

13. DELIVERY OF NOTICE. Notices and other communications to be given to the Holder of this Warrant evidenced by this certificate shall be deemed
to have been sufficiently given, if delivered or mailed, addressed in the name and at the address of such owner appearing on the records of the Company, and if mailed, sent registered or certified mail, postage prepaid. Notices or other
communications to the Company shall be deemed to have been sufficiently given if delivered by hand or mailed, by registered or certified mail, postage prepaid, to the Company at 1010 South Milpitas Boulevard, Milpitas, California 995035, Attn:
Mr. Magnus Ryde, Chief Executive Officer, or at such other address as the Company shall have designated by written notice to the registered owner as herein provided. Notice by mail shall be deemed given when deposited in the United States mail
as herein provided. 
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 IN WITNESS WHEREOF,
the Company has caused this Warrant to be duly executed, manually or in facsimile, by the undersigned thereunto duly authorized, as of the date first written above. 

 

			
	DAYSTAR TECHNOLOGIES, INC.
		
	By:	 	   /s/ Magnus Ryde

		 	Name: Magnus Ryde
		 	Title: Chief Executive Officer

[SIGNATURE PAGE TO WARRANT]First Supplemental Indenture

 Exhibit 4.1 

 
  

 
 MENTOR GRAPHICS CORPORATION

 and  
 WILMINGTON TRUST COMPANY 
 as Trustee 

 
 FIRST
SUPPLEMENTAL INDENTURE 
 Dated as of October 13, 2010 

 
  

6.25% Convertible Subordinated Debentures due 2026 
  

 
  

 FIRST SUPPLEMENTAL INDENTURE 

FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of October 13, 2010, between
Mentor Graphics Corporation, an Oregon corporation (hereinafter called the “Company”), having its principal office at 8005 SW Boeckman Road, Wilsonville, Oregon 97070-7777, and Wilmington Trust Company, a Delaware banking
corporation, as trustee hereunder (together with its successors and assigns, in such capacity, the “Trustee”), having its principal corporate office at 1100 North Market Street, Rodney Square North, Wilmington, Delaware 19890-0001.

 WITNESSETH: 
 WHEREAS, the Company and the Trustee have heretofore executed and delivered an Indenture, dated as of July 27, 2010 (the “Indenture”), providing for the issuance by the Company of
Debentures (as defined in the Indenture); 
 WHEREAS, Section 11.01 of the Indenture provides that the Company and the
Trustee may amend or supplement the Indenture from time to time without the consent of the Debentureholders (as defined in the Indenture) in accordance with the Indenture, to issue Add On Debentures (as defined in the Indenture) pursuant to
Section 2.01 of the Indenture; 
 WHEREAS, all things necessary to make the Add On Debentures, when executed by the Company
and authenticated and delivered by the Trustee and issued by the Company upon the terms and subject to the conditions set forth herein and in the Indenture against payment therefor, the valid, binding and legal obligations of the Company and to make
this First Supplemental Indenture a valid, binding and legal agreement of the Company have been done; 
 NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Debentures as
follows: 
 ARTICLE 1. 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.01 All
capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Indenture. The rules of interpretation set forth in the Indenture shall be applied here as if set forth in full herein. 

“Restricted Global Debenture” shall mean a Global Debenture which is a Restricted Security subject to the restrictions
on transfer and contains the applicable legend(s) in accordance with Section 2.05 of the Indenture. 

  
 1 

 “Unrestricted Global Debenture” shall mean a Global Debenture which is not
a Restricted Security subject to the restrictions on transfer and does not contain the applicable legend(s) set forth in Section 2.05 of the Indenture. 
 ARTICLE 2. 
 AUTHORIZATION AND ISSUANCE OF ADD ON DEBENTURES

 Section 2.01 In accordance with Section 2.01 of the Indenture, the Company will be entitled, upon delivery to
the Trustee of an Officers’ Certificate and an Opinion of Counsel, to issue $20,000,000 aggregate principal amount of Add On Debentures under the Indenture, as supplemented by this First Supplemental Indenture, which will have identical terms
to the Debentures issued on the Issue Date, other than with respect to the date of issuance and CUSIP number (except to the extent the CUSIP number for the Add On Debentures may be changed to the CUSIP number for the Debentures issued on the Issue
Date in accordance with the terms of the Indenture, as supplemented by this First Supplemental Indenture). The Debentures issued on the Issue Date and the Add On Debentures issued pursuant to this First Supplemental Indenture will be treated as
a single class for all purposes under the Indenture, as supplemented by this First Supplemental Indenture, including but not limited to Section 2.05 of the Indenture. The Add On Debentures shall initially bear the legend set forth in
Section 2.05(d) of the Indenture. 
 Section 2.02 A Debentureholder’s beneficial interests in a Restricted Global
Debenture as to which the restrictions on transfer set forth in Section 2.05 of the Indenture shall have expired in accordance with their terms or as to conditions for removal of the applicable restrictive legend set forth in Section 2.05
of the Indenture have been satisfied may, upon surrender of such Debenture to the Debenture registrar in accordance with the provisions of Section 2.05 of the Indenture, be exchanged for beneficial interests of like tenor and aggregate
principal amount, in an Unrestricted Global Debenture. Upon such surrender and the Company’s satisfaction that the restrictions of Section 2.05 of the Indenture, including the inclusion of the restrictive legends placed thereon, shall no
longer apply, the Company shall, in accordance with Applicable Procedures, (i) direct the Depositary to transfer all of the outstanding beneficial interests in a particular Restricted Global Debenture to the Unrestricted Global Debenture and
provide the Depositary with all such information as is necessary for the Depositary to appropriately credit and debit the relevant Debentureholder accounts and (ii) provide prior written notice to the relevant Debentureholder of such exchange,
which notice shall include the date such exchange is to occur, the CUSIP number of the relevant Restricted Global Debenture and the CUSIP number of the Unrestricted Global Debenture into which such Debentureholders’ beneficial interests will be
exchanged. As a condition to any such exchange pursuant to this Section 2.02, the Trustee shall be entitled to receive from the Company, and rely conclusively without any liability, upon an Officers’ Certificate and an Opinion of Counsel
in form and in substance reasonably satisfactory to the Trustee, to the effect that such transfer of beneficial interests to the Unrestricted Global Debenture shall be effected in compliance with the Securities Act. Upon such exchange of beneficial
interests pursuant to this Section 2.02, the Registrar shall endorse the relevant Debenture and reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable
Restricted Global Debenture and the Unrestricted Global Debenture, respectively, equal to the principal amount of beneficial interests transferred. Following any such transfer pursuant to Section 2.02, the relevant Restricted Global Debenture
shall be cancelled. 

  
 2 

 ARTICLE 3. 
 EXECUTION AND AUTHENTICATION OF ADD ON DEBENTURES 
 Section 3.01 The
Trustee will, upon receipt of a written order of the Company and the Officers’ Certificate and Opinion of Counsel referenced in Section 2.01 of this First Supplemental Indenture, authenticate Add On Debentures for issuance under this First
Supplemental Indenture. 
 ARTICLE 4. 
 MISCELLANEOUS PROVISIONS 
 Section 4.01 The Trustee makes no
undertaking or representation in respect of, and shall not be responsible in any manner whatsoever for and in respect of, the validity or sufficiency of this First Supplemental Indenture or the proper authorization or the due execution hereof by the
Company or for or in respect of the recitals and statements contained herein, all of which recitals and statements are made solely by the Company. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under
the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this First Supplemental Indenture. 

Section 4.02 On the date hereof, the Indenture shall be supplemented and amended in accordance herewith, and this First Supplemental
Indenture shall form part of the Indenture for all purposes, and the holder of every Debenture heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. The Trustee accepts the trusts created by the Indenture,
as amended and supplemented by this First Supplemental Indenture, and agrees to perform the same upon the terms and conditions of the Indenture, as amended and supplemented by this First Supplemental Indenture. 

Section 4.03 This First Supplemental Indenture shall be deemed to be incorporated in, and made a part of, the Indenture. The
Indenture, as amended and supplemented by this First Supplemental Indenture, shall be read, taken and construed as one and the same instrument and all the provisions of the Indenture shall remain in full force and effect in accordance with the
terms thereof and as amended and supplemented by this First Supplemental Indenture. 
 Section 4.04 This First Supplemental
Indenture shall be deemed a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of the State of New York, without regard to the conflicts of laws provisions thereof. 

Section 4.05 This First Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be
deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 [remainder of
page intentionally left blank] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed. 
  

							
	MENTOR GRAPHICS CORPORATION
		
	By:	 	 /s/ Dean M. Freed

		 	Name: Dean M. Freed
		 	Title: Vice President and General Counsel

  

							
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	 /s/ W. Thomas Morris, II

		 	Name: W. Thomas Morris, II
		 	Title: Vice President

  
 4

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