Document:

Form of Warrant

  
 Exhibit 10.3

  
 NEITHER THESE SECURITIES NOR THE SECURITIES FOR WHICH THESE SECURITIES
ARE EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES OR BLUE SKY LAWS. THESE SECURITIES AND THE SECURITIES ISSUABLE UPON EXERCISE OF THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY
SUCH SECURITIES, SUBJECT TO THE TERMS OF THIS LEGEND AND THE SECURITIES ACT. 
  
 GLOBAL ePOINT, INC. 
  
 FORM OF
WARRANT 
  

			
	 Warrant No. [    ]
	 	Dated: December     , 2004

  
 Global ePoint, Inc., a
Nevada corporation (the “Company”), hereby certifies that, for value received, [Name of Holder] or its registered assigns (the “Holder”), is entitled to purchase from the Company up to a total of
[            ] shares of common stock, $0.03 par value per share (the “Common Stock”), of the Company (each such share, a “Warrant Share” and all such
shares, the “Warrant Shares”) at an exercise price equal to $6.91 per share (as adjusted from time to time as provided in Section 9, the “Exercise Price”), at any time and from time to time from and after the
date hereof and through and including the third anniversary of the date of issuance hereof (the “Expiration Date”), and subject to the following terms and conditions. This Warrant (this “Warrant”) is one of a series
of similar warrants issued pursuant to that certain Securities Purchase Agreement, dated as of the date hereof, by and among the Company and the Purchasers identified therein (the “Purchase Agreement”). All such warrants are
referred to herein, collectively, as the “Warrants.” 
  
 1. Definitions. In addition to the terms defined elsewhere in this Warrant, capitalized terms that are not otherwise defined herein have the meanings given to such terms in the Purchase Agreement. 
  
 2. Registration of Warrant. The Company shall register this Warrant,
upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder 

  

 
of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent
actual notice to the contrary. 
  
 3. Registration of
Transfers. Subject to the Holder’s appropriate compliance with the Section 5 of the Securities Act, which shall be evidenced by such documents and representations as the Company may reasonably request, the Company shall register the
transfer of any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, with the Form of Assignment attached hereto duly completed and signed, to the Company at its address specified herein. Upon any such registration or
transfer, a new warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New
Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance by such transferee of all of
the rights and obligations of a holder of a Warrant. 
  
 4.
Exercise and Duration of Warrants. 
  
 (a)
This Warrant shall be exercisable by the registered Holder at any time and from time to time on or after the date hereof to and including the Expiration Date. At 6:30 P.M., New York City time on the Expiration Date, the portion of this Warrant not
exercised prior thereto shall be and become void and of no value; provided that, if the average of the Closing Prices for the five Trading Days immediately prior to (but not including) the Expiration Date exceeds the Exercise Price on the Expiration
Date, then this Warrant shall be deemed to have been exercised in full (to the extent not previously exercised) on a “cashless exercise” basis at 6:30 P.M. New York City time on the Expiration Date if a “cashless exercise” may
occur at such time pursuant to Section 10 below. 
  
 (b) A Holder may exercise this Warrant by delivering to the Company (i) an exercise notice, in the form attached hereto (the “Exercise Notice”), appropriately completed and duly signed, and (ii) payment of the Exercise
Price for the number of Warrant Shares as to which this Warrant is being exercised (which may take the form of a “cashless exercise” if so indicated in the Exercise Notice and if a “cashless exercise” may occur at such time
pursuant to this Section 10 below), and the date such items are delivered to the Company (as determined in accordance with the notice provisions hereof) is an “Exercise Date.” The Holder shall not be required to deliver the original
Warrant in order to effect an exercise hereunder. Execution and delivery of the Exercise Notice shall have the same effect as cancellation of the original Warrant and issuance of a New Warrant evidencing the right to purchase the remaining number of
Warrant Shares. 
  
 5. Delivery of Warrant Shares.

  
 (a) Upon exercise of this Warrant, the
Company shall promptly (but in no event later than three Trading Days after the Exercise Date) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a
certificate for the Warrant Shares issuable upon such exercise, free of restrictive legends unless a registration statement covering the resale of the Warrant Shares and 

  

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naming the Holder as a selling stockholder thereunder is not then effective and the Warrant Shares are not freely transferable without volume restrictions
pursuant to Rule 144 under the Securities Act. The Holder, or any Person so designated by the Holder to receive Warrant Shares, shall be deemed to have become holder of record of such Warrant Shares as of the Exercise Date. The Company shall, upon
request of the Holder, use its best efforts to deliver Warrant Shares hereunder electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions. 
  
 (b) This Warrant is exercisable, either in its entirety or,
from time to time, for a portion of the number of Warrant Shares. Upon surrender of this Warrant following one or more partial exercises, the Company shall issue or cause to be issued, at its expense, a New Warrant evidencing the right to purchase
the remaining number of Warrant Shares. 
  
 (c)
In addition to any other rights available to a Holder, if the Company fails to deliver to the Holder a certificate representing Warrant Shares by the fifth Trading Day after exercise of this Warrant in full compliance with Section 4(b), and if after
such fifth Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares that the Holder anticipated receiving from the Company (a
“Buy-In”), then the Company shall, within three Trading Days after the Holder’s request and in the Holder’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder’s total purchase price
(including brokerage commissions, if any) for the shares of Common Stock so purchased (the “Buy-In Price”), at which point the Company’s obligation to deliver such certificate (and to issue such Common Stock) shall terminate,
or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number
of shares of Common Stock, times (B) the Closing Price on the date of the event giving rise to the Company’s obligation to deliver such certificate. 
  
 (d) The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional,
irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim,
recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any violation or alleged violation of law by the Holder or any other Person, and irrespective of any other
circumstance which might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law
or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates representing shares of Common Stock upon exercise of the Warrant as
required pursuant to the terms hereof. 
  
 6. Charges, Taxes
and Expenses. Issuance and delivery of certificates for shares of Common Stock upon exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee or other incidental tax or
expense in respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the 

  

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Company; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the
registration of any certificates for Warrant Shares or Warrants in a name other than that of the Holder or an Affiliate thereof. The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring this
Warrant or receiving Warrant Shares upon exercise hereof. 
  
 7.
Replacement of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a
New Warrant, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable bond or indemnity, if requested. Applicants for a New Warrant under such circumstances shall also
comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the Company may prescribe. 
  
 8. Reservation of Warrant Shares. The Company covenants that it will at all times reserve and keep available out of the aggregate of its authorized
but unissued and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of this Warrant as herein provided, the number of Warrant Shares which are then issuable and deliverable upon the
exercise of this entire Warrant, free from preemptive rights or any other contingent purchase rights of persons other than the Holder (taking into account the adjustments and restrictions of Section 9). The Company covenants that all Warrant
Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued and fully paid and nonassessable. The Company will take all such
action as may be necessary to assure that such shares of Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any securities exchange or automated quotation system upon which
the Common Stock may be listed. 
  
 9. Certain Adjustments.
The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9. 
  
 (a) Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding, (i)
pays a stock dividend on its Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock, (ii) subdivides outstanding shares of Common Stock into a larger number of shares, or (iii) combines
outstanding shares of Common Stock into a smaller number of shares, then in each such case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding immediately before such
event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately after the record date for the
determination of stockholders entitled to receive such dividend or distribution, and any adjustment pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such subdivision or combination.

  
 (b) Pro Rata Distributions. If the
Company, at any time while this Warrant is outstanding, distributes to holders of Common Stock (i) evidences of its indebtedness, (ii) any 

  

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security (other than a distribution of Common Stock covered by the preceding paragraph), (iii) rights or warrants to subscribe for or purchase any security,
or (iv) any other asset (in each case, “Distributed Property”), then in each such case the Holder shall, upon exercise of this Warrant, be entitled to receive such Distributed Property as the Holder would have received had the
Holder exercised the Warrant prior to the record date for the distribution of the Distributed Property. 
  
 (c) Fundamental Transactions. If, at any time while this Warrant is outstanding, (i) the Company effects any merger or
consolidation of the Company with or into another Person, (ii) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions, (iii) any tender offer or exchange offer by the Company is completed
pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or (iv) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to
which the Common Stock is effectively converted into or exchanged for other securities, cash or property (other than as a result of a subdivision or combination of shares of Common Stock covered by Section 9(a) above) (in any such case, a
“Fundamental Transaction”), then the Holder shall have the right thereafter to receive, upon exercise of this Warrant, the same amount and kind of securities, cash or property as it would have been entitled to receive upon the
occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of the number of Warrant Shares then issuable upon exercise in full of this Warrant (the “Alternate
Consideration”). The aggregate Exercise Price for this Warrant will not be affected by any such Fundamental Transaction, but the Company shall apportion such aggregate Exercise Price among the Alternate Consideration in a reasonable manner
reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be
given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. In the event of a Fundamental Transaction, the Company or the successor or purchasing Person, as the case
may be, shall execute with the Holder a written agreement providing that: 
  
 (x) this Warrant shall thereafter entitle the Holder to purchase the Alternate Consideration in accordance with this section 9(c), 
  
 (y) in the case of any such successor or purchasing Person, upon such consolidation, merger, statutory
exchange, combination, sale or conveyance such successor or purchasing Person shall be jointly and severally liable with the Company for the performance of all of the Company’s obligations under this Warrant and the Purchase Agreement, and

  
 (z) if registration or qualification is
required under the Exchange Act or applicable state law for the public resale by the Holder of shares of stock and other securities so issuable upon exercise of this Warrant, such registration or qualification shall be completed prior to such
reclassification, change, consolidation, merger, statutory exchange, combination or sale. 
  

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 If, in the case of any Fundamental Transaction, the Alternate Consideration includes shares of stock, other securities,
other property or assets of a Person other than the Company or any such successor or purchasing Person, as the case may be, in such Fundamental Transaction, then such written agreement shall also be executed by such other Person and shall contain
such additional provisions to protect the interests of the Holder as the Board of Directors of the Company shall reasonably consider necessary by reason of the foregoing. At the Holder’s request, any successor to the Company or surviving entity
in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the foregoing provisions and evidencing the Holder’s right to purchase the Alternate Consideration for the aggregate Exercise Price upon exercise thereof.
The terms of any agreement pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply with the provisions of this paragraph (c) and insuring that the Warrant (or any such
replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction. If any Fundamental Transaction constitutes or results in a Change of Control, then at the request of the Holder delivered before
the 90th day after such Fundamental Transaction, the Company (or any such successor or surviving entity) will purchase the Warrant from the Holder for a purchase price, payable in cash within five Trading Days after such request (or, if later, on
the effective date of the Fundamental Transaction), equal to the Black-Scholes value of the remaining unexercised portion of this Warrant on the date of such request. 
  
 (i)            . 
  
 (d) Number of Warrant Shares. Simultaneously with any
adjustments to the Exercise Price pursuant to paragraphs (a) or (b) of this Section, the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment the
aggregate Exercise Price payable hereunder for the increased or decreased number of Warrant Shares shall be the same as the aggregate Exercise Price in effect immediately prior to such adjustment. 
  
 (e) Calculations. All calculations under this
Section 9 shall be made to the nearest cent or the nearest 1/100th of a share, as applicable. The number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account of the Company, and
the disposition of any such shares shall be considered an issue or sale of Common Stock. 
  
 (f) Notice of Adjustments. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense
will promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other
securities issuable upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail the facts upon which such adjustment is based. Upon written request, the Company will promptly
deliver a copy of each such certificate to the Holder and to the Company’s Transfer Agent. 
  
 (g) Notice of Corporate Events. If the Company (i) declares a dividend or any other distribution of cash, securities or other
property in respect of its Common Stock, including without limitation any granting of rights or warrants to subscribe for or purchase any capital 

  

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stock of the Company or any Subsidiary, (ii) authorizes or approves, enters into any agreement contemplating or solicits stockholder approval for any
Fundamental Transaction or (iii) authorizes the voluntary dissolution, liquidation or winding up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms and conditions of such transaction,
at least 20 calendar days prior to the applicable record or effective date on which a Person would need to hold Common Stock in order to participate in or vote with respect to such transaction, and the Company will take all steps reasonably
necessary in order to insure that the Holder is given the practical opportunity to exercise this Warrant prior to such time so as to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice
or any defect therein shall not affect the validity of the corporate action required to be described in such notice. 
  
 10. Payment of Exercise Price. The Holder shall pay the Exercise Price in immediately available funds; provided, however, in the event that a
Registration Statement covering the resale of the Warrant Shares is not then effective and the prospectus made part thereof is current, then the Holder, for so long as the Warrant Shares are not eligible for resale pursuant to Registration
Statement, may satisfy its obligation to pay the Exercise Price through a “cashless exercise,” in which event the Company shall issue to the Holder the number of Warrant Shares determined as follows: 
  

			
	 	  	X = Y [(A-B)/A]
		
	 where:
	  	 
	 	  	X = the number of Warrant Shares to be issued to the Holder.
		
	 	  	Y = the number of Warrant Shares with respect to which this Warrant is being exercised.
		
	 	  	A = the average of the Closing Prices for the five Trading Days immediately prior to (but not including) the Exercise Date.
		
	 	  	B = the Exercise Price.

  
 For
purposes of Rule 144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant Shares issued in a cashless exercise transaction shall be deemed to have been acquired by the Holder, and the holding period for
the Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued pursuant to the Purchase Agreement. 
  
 11. Limitation on Exercise. (a) Notwithstanding anything to the contrary contained herein, the number of shares of Common Stock that may be
acquired by the Holder upon any exercise of this Warrant (or otherwise in respect hereof) shall be limited to the extent necessary to insure that, following such exercise (or other issuance), the total number of shares of Common Stock then
beneficially owned by such Holder and its Affiliates and any other Persons whose beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Exchange Act, does not exceed 4.99% (the
“Maximum Percentage”) of the total number of issued and outstanding shares of Common Stock (including for such purpose the 

  

 7 

 
shares of Common Stock issuable upon such exercise). For such purposes, beneficial ownership shall be determined by Holder for purposes of this Section 11 in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. Each delivery of an Exercise Notice hereunder will constitute a representation by the Holder that it has evaluated the limitation set forth in
this paragraph and determined that issuance of the full number of Warrant Shares requested in such Exercise Notice is permitted under this paragraph. By written notice to the Company, the Holder may waive the provisions of this Section or increase
or decrease the Maximum Percentage to any other percentage specified in such notice, but (i) any such waiver or increase will not be effective until the 61st day after such notice is delivered to the Company, and (ii) any such waiver or increase or
decrease will apply only to the Holder and not to any other holder of Warrants. Holder’s determination of beneficial ownership in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder shall not
be binding upon the Company. 
  
 (b)
Notwithstanding anything to the contrary contained herein, if the Trading Market is the NASDAQ SmallCap Market or any other market or exchange with similar applicable rules, then the maximum number of shares of Common Stock that the Company may
issue pursuant to the Transaction Documents at an effective purchase price less than the Closing Price on the Trading Day immediately preceding the Closing Date equals 19.99% of the outstanding shares of Common Stock immediately preceding the
Closing Date (the “Issuable Maximum”), unless the Company obtains shareholder approval in accordance with the rules and regulations of such Trading Market. If, at the time any Holder requests an exercise of any of the Warrants, the
Actual Minimum (excluding any shares issued or issuable at an effective purchase price in excess of the Closing Price on the Trading Day immediately preceding the Closing Date) exceeds the Issuable Maximum (and if the Company has not previously
obtained the required shareholder approval), then the Company shall issue to the Holder requesting such exercise a number of shares of Common Stock not exceeding such Holder’s pro-rata portion of the Issuable Maximum (based on such
Holder’s share (vis-à-vis other Holders) of the aggregate purchase price paid under the Purchase Agreement and taking into account any Warrant Shares previously issued to such Holder). For the purposes hereof, “Actual
Minimum” shall mean, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in
full of all Warrants, without giving effect to any limits on the number of shares of Common Stock that may be owned by a Holder at any one time. 
  
 12. Fractional Shares. The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise of this Warrant.
If any fraction of a Warrant Share would, except for the provisions of this Section, be issuable upon exercise of this Warrant, the number of Warrant Shares to be issued will be rounded up to the nearest whole share. 
  
 13. Notices. Any and all notices or other communications or deliveries
hereunder (including without limitation any Exercise Notice) shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile
number specified in this Section prior to 6:30 p.m. (New York City time) on a Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this
Section on a day that is not a Trading Day or later than 6:30 p.m. (New York City time) on any 

  

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Trading Day, (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by
the party to whom such notice is required to be given. The address for such notices or communications shall be as set forth in the Purchase Agreement. 
  
 14. Warrant Agent. The Company shall serve as warrant agent under this Warrant. Upon 30 days’ notice to the Holder, the Company may appoint a
new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any corporation resulting from any consolidation to which the Company or any new warrant agent shall be a party or any corporation to which the
Company or any new warrant agent transfers substantially all of its corporate trust or shareholders services business shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant agent shall promptly
cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder’s last address as shown on the Warrant Register. 
  
 15. Miscellaneous. 
  
 (a) Subject to the restrictions on transfer set forth on the first page hereof, this Warrant may be assigned by the Holder. This Warrant
may not be assigned by the Company except to a successor in the event of a Fundamental Transaction. This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns. Subject to the preceding
sentence, nothing in this Warrant shall be construed to give to any Person other than the Company and the Holder any legal or equitable right, remedy or cause of action under this Warrant. This Warrant may be amended only in writing signed by the
Company and the Holder and their successors and assigns. 
  
 (b) The Company will not, by amendment of its governing documents 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 of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to
protect the rights of the Holder against impairment. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any Warrant Shares above the amount payable therefor on such exercise, (ii) will take all such
action as may be reasonably necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares on the exercise of this Warrant, and (iii) will not close its shareholder books or records in
any manner which interferes with the timely exercise of this Warrant. 
  
 (c) GOVERNING LAW; VENUE; WAIVER OF JURY TRIAL. ALL QUESTIONS CONCERNING THE CONSTRUCTION,
VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND
FEDERAL COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR WITH ANY TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN (INCLUDING WITH RESPECT TO THE ENFORCEMENT
OF ANY OF THE TRANSACTION 

  

 9 

 
DOCUMENTS), AND HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE
JURISDICTION OF ANY SUCH COURT, THAT SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER. EACH PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF
VIA REGISTERED OR CERTIFIED MAIL OR OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO IT UNDER THIS AGREEMENT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND
NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW. THE COMPANY HEREBY WAIVES ALL RIGHTS TO A TRIAL BY JURY. 
  
 (d) The headings herein are for convenience only, do not
constitute a part of this Warrant and shall not be deemed to limit or affect any of the provisions hereof. 
  
 (e) In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and
enforceability of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially
reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Warrant. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK, SIGNATURE PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its authorized officer as
of the date first indicated above. 
  

			
	GLOBAL ePOINT, INC.
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 11 

  
 FORM OF EXERCISE NOTICE

  
 (To be executed by the Holder to exercise the right to purchase shares of
Common Stock under the foregoing Warrant) 
  
 To: Global ePoint, Inc. 

 
 The undersigned is the Holder of Warrant No.
                 (the “Warrant”) issued by Global ePoint, Inc., a Nevada corporation (the “Company”). Capitalized terms used
herein and not otherwise defined have the respective meanings set forth in the Warrant. 
  

	1.	The Warrant is currently exercisable to purchase a total of
                                 Warrant Shares. 

  

	2.	The undersigned Holder hereby exercises its right to purchase
                                 Warrant Shares pursuant to the Warrant.

  

	3.	The Holder intends that payment of the Exercise Price shall be made as (check one): 

  

					
	 _____
	 	 	  	“Cash Exercise” under Section 10
			
	 _____
	 	 	  	“Cashless Exercise” under Section 10 (if permitted)

  

	4.	If the holder has elected a Cash Exercise, the holder shall pay the sum of
$                             to the Company in accordance with the terms of the Warrant.

  

	5.	Pursuant to this exercise, the Company shall deliver to the holder
                                 Warrant Shares in accordance with the terms of
the Warrant. 

  

	6.	Following this exercise, the Warrant shall be exercisable to purchase a total of
                             Warrant Shares. 

  

									
	 Dated:
                                ,
            
	 	 	 	 Name of Holder:

				
	 	 	 	 	 (Print)
	 	 
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 
				
	 	 	 	 	 	 	(Signature must conform in all respects to name of holder as specified on the face of the Warrant)

  

  
 FORM OF ASSIGNMENT

  
 [To be completed and signed only upon transfer of Warrant]

  
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto
                                        
                         the right represented by the within Warrant to purchase
                         shares of Common Stock of Global ePoint, Inc. to which the within Warrant relates and appoints
                         attorney to transfer said right on the books of Global ePoint, Inc. with full power of
substitution in the premises. 
  
 Dated:
                                ,
             
  

	
	 
	(Signature must conform in all respects to name of holder as specified on the face of the Warrant)
	
	 
	 Address of Transferee

	
	 
	
	 

  

	
	In the presence of:Fifth Amendment to Employment Agreement

 Exhibit 10.14E 
  
 FIFTH AMENDMENT 
  
 to 
  
 EMPLOYMENT AGREEMENT 
  
 among 
  
 CSG SYSTEMS
INTERNATIONAL, INC. 
  
 and 
  
 CSG SYSTEMS, INC. 
  
 and 
  
 NEAL C. HANSEN 
  
 This Fifth Amendment to Employment Agreement (the “Amendment”) is made this 20th day of December, 2004, among CSG SYSTEMS INTERNATIONAL, INC. (“CSGS”), a Delaware corporation, CSG SYSTEMS, INC. (“Systems”), a Delaware
corporation, and NEAL C. HANSEN (“Hansen”). CSGS and Systems collectively are referred to in this Amendment and the Employment Agreement referred to below as the “Companies”. 
  
 * * * 
  
 WHEREAS, the Companies and the Executive entered into an Employment Agreement dated November 17, 1998 (the “Employment
Agreement”); and 
  
 WHEREAS, the Companies and the Executive
entered into a First Amendment to the Employment Agreement dated June 30, 2000 (the “First Amendment”); and 
  
 WHEREAS, the Companies and the Executive entered into a Second Amendment to the Employment Agreement dated April 29, 2002 (the “Second
Amendment”); and 
  
 WHEREAS, the Companies and the Executive
entered into a Third Amendment to the Employment Agreement dated August 30, 2002 (the “Third Amendment”); and 
  
 WHEREAS, the Companies and the Executive entered into a Fourth Amendment to the Employment Agreement dated November 15, 2002 (the “Fourth
Amendment”); and 
  
 WHEREAS, references in this Fifth
Amendment to the Employment Agreement generally shall mean the Employment Agreement as amended; and 
  
 WHEREAS, the Companies desire to further amend the Employment Agreement as herein set forth; 
  
 NOW, THEREFORE, in consideration of the foregoing recitals and the respective covenants and agreements of the parties
contained in this document, the Companies and the Executive agree as follows: 
  
 1. Hansen and the Companies agree that, effective at the close of business on June 30, 2005, Hansen (i) shall resign as Chairman of the Board and Chief Executive Officer of the Companies, (ii) shall resign as an
officer (and, if so requested by CSGS, as a director) of any subsidiary entities of the Companies for which he serves in such capacities, and (iii) shall retire 

 from the employ of the Companies. Hansen agrees that his resignations and retirement provided for in this Paragraph 1
will constitute his voluntary resignations and the voluntary termination of his employment for purposes of the Employment Agreement and that, except as otherwise provided in Paragraphs 3, 4, and 5 of this Fifth Amendment, Paragraph 10(g) of the
Employment Agreement shall be applicable to the termination of Hansen’s employment with the Companies. 
  
 2. Hansen agrees to continue to serve as a director of CSGS for the remainder of his current term which expires at the 2006 annual meeting of stockholders
of CSGS and, if so requested by the Board, will consider nomination by the Board for re-election as a director of CSGS at the 2006 annual meeting of stockholders of CSGS. If the Board so requests, while Hansen is serving as a director of CSGS, he
also will serve as a director of Systems. 
  
 3. The Companies
agree that, in addition to Hansen’s right to receive his Base Salary through June 30, 2005, in accordance with the regular payroll practices of the Companies, Hansen also shall be entitled to receive the sum of $1,500,000 (the “Severance
Payment”) on January 2, 2006, as a severance payment and in lieu of an annual incentive bonus for 2005 in recognition of his continuous service to and leadership of the Companies as their Chairman of the Board and Chief Executive Officer since
the Companies became independently owned in 1994. However, if Hansen’s employment with the Companies is terminated by the Companies for cause (as defined in the Employment Agreement) prior to July 1, 2005, then this Paragraph 3 shall have no
force or effect. 
  
 4. Paragraph 31 of the Employment Agreement
(added by the Fourth Amendment) hereby is amended in its entirety so as to read as follows: 
  
 “31. Post-Termination Consulting Services. 
  
 (a) If the Executive remains in the employ of the Companies through the earlier of (i) June 30, 2005, or (ii) the termination of his
employment with the Companies by the Companies without cause, then, during the period from July 1, 2005, through December 31, 2006, the Executive agrees to serve as a consultant to the Board and the Chief Executive Officer of CSGS with respect to
the strategic planning and business development activities of the Companies and to provide up to twenty (20) hours of service per month to the Companies in such capacity upon the request of the Board or the Chief Executive Officer of CSGS from time
to time. The Executive may provide such consulting services either in person or by telephone, video conference, or other means of communication, and at such locations, as the Companies and the Executive reasonably may agree upon from time to time.
The Companies agree to provide the Executive with reasonable advance notice as to the times at which the Companies will require the Executive’s consulting services and to be reasonably flexible in scheduling such times so as to enable the
Executive to plan his personal schedule and meet his other commitments. Apart from his consulting duties under this agreement, the Executive shall be free to engage in any business or other activity that he may choose from time to time. 

 

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 (b) The Executive and the Companies acknowledge and agree that the Executive will be an
independent contractor for all purposes of the consulting services which he provides pursuant to this Paragraph 31 and will not be an agent, representative, or employee of the Companies for federal, state, or local tax purposes or for any other
purpose whatsoever. Except as provided in this Paragraph 31, the Executive acknowledges and agrees that he will not be entitled to any employee benefits provided by the Companies to any of their respective employees by reason of the consulting
services that he provides pursuant to this Paragraph 31. The Executive shall have sole responsibility for all of his acts as a consultant to the Companies and in such capacity will have no authority to make any commitments or enter into any
contracts on behalf of, or otherwise obligate, the Companies in any manner whatsoever. As a consultant to the Companies, the Executive agrees not to hold himself out as a employee, representative, or agent of the Companies. In his discretion, the
Executive may provide such consulting services through a limited liability company or other entity so long as the Executive himself provides such consulting services; and in such case the provisions of this subparagraph (b) also shall apply to such
limited liability company or other entity. 
  
 (c) In consideration of the Executive’s agreement to provide the consulting services referred to in this Paragraph 31 and his provision of such consulting services if requested, the Companies shall pay the Executive the sum of Eight
Million One Hundred Five Thousand Dollars ($8,105,000) in three installments of $4,052,500 on January 2, 2006, $2,026,250 on July 1, 2006, and $2,026,250 on January 2, 2007, without interest. If, on or after July 1, 2005, the Executive is or becomes
incapable by reason of physical injury, disease, or mental illness of providing the consulting services required by this Paragraph 31, then while such incapacity continues the Executive shall not be required to provide such consulting services (or
shall be required to provide such consulting services only to the extent that he is capable of doing so), but the Executive nevertheless shall continue to be entitled to receive the payments provided for in this subparagraph (c). 
  
 (d) If the Companies at any time believe that the Executive
has failed to comply with his obligations under this Paragraph 31 and is in default under this Paragraph 31, then the Companies promptly will so notify the Executive and give the Executive a reasonable opportunity to cure such default in a manner
that is equitable to both the Companies and the Executive. 
  
 (e) If the Executive’s employment with the Companies is terminated by the Companies for cause pursuant to Paragraph 10(c) of this agreement prior to July 1, 2005, or because of the Executive’s death prior to
July 1, 2005, then this Paragraph 31 shall have no force or effect.” 
  
 5. If Hansen dies after the effective date of his resignations and retirement pursuant to this Fifth Amendment but prior to his receipt of the full amounts to which he is entitled under Paragraph 3 of this Fifth
Amendment and under Paragraph 31 of the Employment Agreement (as 
  

 3 

 amended by Paragraph 4 of this Fifth Amendment), then the Companies shall pay to the personal representative of
Hansen’s estate when due any portion of such amounts which are unpaid at the time of Hansen’s death. 
  
 6. Paragraph 18 of the Employment Agreement is amended by changing the words “one (1) year” where they appear in such Paragraph 18 to “two
(2) years”. As so amended, Paragraph 18 of the Employment Agreement shall remain in full force and effect. 
  
 7. Paragraph 19 of the Employment Agreement is amended by changing the words “one (1) year” where they first appear in such Paragraph 19 to
“two (2) years” and by changing the words “one (1) year” where they next appear in such Paragraph 19 to “two (2) year”. As so amended, Paragraph 19 of the Employment Agreement shall remain in full force and effect.

  
 8. The Companies also agree to provide to Hansen during his
lifetime after June 30, 2005, at the expense of the Companies, a Medicare supplemental insurance policy (also known as a Medigap policy) selected by Hansen from time to time; provided, that the monthly cost of such policy to the Companies shall not
exceed $300.00, such amount to be increased annually on July 1 of each calendar year after 2005 by the same percentage that the United States Department of Labor Consumer Price Index (All Items) for all Urban Consumers, 1982-84 = 100
(“CPI-U”) for June of such calendar year increased over the CPI-U for June of the immediately preceding calendar year. If the monthly amount which the Companies are required to pay pursuant to this Paragraph 8 is insufficient to pay the
premium for the particular policy selected by Hansen, then Hansen shall have the right at his expense to pay any excess amount necessary to keep such policy in force. 
  
 9. Except for (i) any unpaid Base Salary and expense reimbursements due Hansen under the Employment Agreement through June
30, 2005, (ii) the Severance Payment, (iii) the payments under Paragraph 31 of the Employment Agreement (as amended by Paragraph 4 of this Fifth Amendment), and (iv) the payments pursuant to Paragraph 8 of this Fifth Amendment, the Companies will
have no further obligation or liability of any kind to Hansen under the Employment Agreement after June 30, 2005; and, except for (i) the obligation of the Companies to pay the amounts referred to in the preceding portions of this sentence, (ii) the
Executive’s obligations under Paragraph 11 of the Employment Agreement, (iii) the Executive’s obligations under Paragraph 18 of the Employment Agreement (as amended by Paragraph 6 of this Fifth Amendment), and (iv) the Executive’s
obligations under Paragraph 19 of the Employment Agreement (as amended by Paragraph 7 of this Fifth Amendment), all of which obligations will survive the termination of the Employment Agreement and continue to be enforceable, the Employment
Agreement shall terminate and be of no further force or effect at the close of business on June 30, 2005. Concurrently with Hansen’s resignation and retirement pursuant to Paragraph 1 of this Fifth Amendment, Hansen shall execute and deliver to
the Companies a release of any claims, demands, and causes of action of any kind whatsoever which he then may have against the Companies or any of their respective subsidiary entities, officers, directors, agents, or employees arising out of or in
any way connected with his employment by the Companies through the date of such release, such release to be in such form as the Companies customarily use in connection with employee terminations; provided, that such release shall expressly exclude
from its scope the payment of the amounts referred to in the first sentence of this Paragraph 9 and any rights which Hansen then or thereafter may have as an insured or 
  

 4 

 otherwise under (i) any directors and officers liability insurance or other insurance which the Companies provide to or
for the benefit of their respective directors and officers, (ii) the Indemnification Agreement dated November 30, 1994, between the Companies (then known as CSG Holdings, Inc. and Cable Services Group, Inc., respectively) and Hansen, or (iii) under
the indemnification provisions of the by-laws of the Companies as in effect from time to time. 
  
 10. Any terms in initial capital letters or all capital letters used as a defined term, but not defined in this Fifth Amendment, shall have the meanings set forth in the Employment Agreement. If any of the terms and
conditions in this Fifth Amendment conflict with those in the Employment Agreement, the terms and conditions of this Fifth Amendment shall take precedence. Upon execution of this Fifth Amendment by the parties, any subsequent reference to the
Employment Agreement between the parties shall mean the Employment Agreement as amended by the Second Amendment, the Third Amendment, the Fourth Amendment, and this Fifth Amendment (the First Amendment having been superseded by the Second
Amendment). As amended by the Second Amendment, the Third Amendment, the Fourth Amendment, and this Fifth Amendment, the Employment Agreement shall continue in full force and effect according to its terms until the Employment Agreement, as so
amended, is terminated (except for those obligations referred to in Paragraph 9 of this Fifth Amendment which will survive such termination and continue to be enforceable) pursuant to this Fifth Amendment. 
  
 IN WITNESS WHEREOF, each of the parties has executed this Fifth Amendment as
of the date first above written. 
  

			
	CSG SYSTEMS INTERNATIONAL, INC.
		
	By:	 	 /s/ Peter E. Kalan
                                        
  CFO

	 	 	                                       
                               (Title)
	
	CSG SYSTEMS, INC.
		
	By:	 	 /s/ Peter E. Kalan
                                        
  CFO

	 	 	                                       
                               (Title)
		
	 	 	 /s/ Neal C. Hansen

	 	 	Neal C. Hansen

  

 5

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