Document:

Unassociated Document

    THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF.  THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE.

     

    UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, 55 WATER STREET, NEW YORK, NEW YORK 10004, TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO., AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    CUSIP
690368 AH8

    ISIN
US690368AH88

    81⁄8%
Senior Notes due 2018

    
    

     

    
      	No. 1	
              $300,000,000

            

    

     

    OVERSEAS
SHIPHOLDING GROUP, INC.

     

    promises
to pay to CEDE & Co., or
registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS on March
30, 2018.

     

    Interest
Payment Dates: September 30 and March 30

     

    Regular
Record Dates:  September 15 and March 15

     

    
      
        	 	OVERSEAS
      SHIPHOLDING GROUP, INC.	 
	 	 	 	 
	
                Dated:  March
      29, 2010

              	
                By:
      

              	/s/ Morten Arntzen	 
	 	Name: 
      	Morten
      Arntzen	 
	 	Title:	Chief
      Executive Officer and President	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TRUSTEE
CERTIFICATE OF AUTHENTICATION

     

    This is
one of the 81⁄8% Senior Notes due 2018 referred to in the within-mentioned
Indenture.

     

    
      
        	 	
                THE
      BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

                 as
      Trustee

              	 
	 	 	 	 
	
                Dated:  March
      29, 2010

              	
                By:
      

              	/s/ Raymond K. O'Neil	 
	 	Name: 
      	Raymond K.
      O'Neil	 
	 	Title:	Senior Associate	 

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    [Back of
Security]

    81⁄8%
Senior Notes due 2018

     

    Capitalized
terms used herein have the meanings assigned to them in the Indenture referred
to below unless otherwise indicated.

     

    (1)           Interest.  Overseas
Shipholding Group, Inc., a Delaware corporation (the “Company”), promises to pay
interest on the principal amount of this Security at 81⁄8% per annum from March
29, 2010 until maturity.  The Company will pay interest semi-annually
in arrears on September 30 and March 30 of each year, or if any such day is not
a Business Day, on the next succeeding Business Day (each, an “Interest Payment
Date”).  Interest on the Securities will accrue from the most
recent date to which interest has been paid or, if no interest has been paid,
from the date of issuance; provided that if there is no
existing Default in the payment of interest, and if this Security is
authenticated between a record date referred to on the face hereof and the next
succeeding Interest Payment Date, interest shall accrue from such next
succeeding Interest Payment Date (other than the authentication of the
Securities originally issued under the Indenture); provided further that the
first Interest Payment Date shall be September 30, 2010.   The
Company will pay interest (including post-petition interest in any proceeding
under any Bankruptcy Law) on overdue principal and premium, if any, from time to
time on demand at a rate that is 1% per annum in excess of the rate then in
effect to the extent lawful; it will pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace periods) from time to time on
demand at the same rate to the extent lawful.  Interest will be
computed on the basis of a 360-day year of twelve 30-day
months.  “Bankruptcy
Law” means Title 11 of the U.S. Code or any similar federal or state law
for the relief of debtors.

     

    (2)           Method of
Payment.  The Company will pay interest on the Securities
(except defaulted interest) to the Persons who are registered Holders of
Securities at the close of business on the September 15 or March 15 next
preceding the Interest Payment Date (each a “Regular Record Date”), even
if such Securities are canceled after such record date and on or before such
Interest Payment Date, except as provided in the Indenture with respect to
defaulted interest.  The Securities will be payable as to principal,
premium, if any, and interest at the office or agency of the Company maintained
for such purpose within or without the City and State of New York, or, at the
option of the Company, payment of interest may be made by check mailed to the
Holders at their addresses set forth in the register of Holders; provided that payment by wire
transfer of immediately available funds will be required with respect to
principal of and interest, premium on, all Global Securities and all other
Securities the Holders of which will have provided wire transfer instructions to
the Company or the Paying Agent.  Such payment will be in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

     

    (3)           Paying
Agent and Registrar.  Initially, The Bank of New York Mellon
Trust, N.A., the Trustee under the Indenture, will act as Paying Agent and
Registrar.  The Company may change any Paying Agent or Registrar
without notice to any Holder.  The Company or any of its Subsidiaries
may act in any such capacity.

     

    (4)           Indenture.  The
Company issued the Securities under an Indenture dated as of March 29, 2010 (the
“Indenture”) between
the Company and the Trustee.  The terms of the Securities include
those stated in the Indenture and those made part of the Indenture by reference
to the TIA.  The Securities are subject to all such terms, and Holders
are referred to the Indenture and the TIA for a statement of such
terms.  To the extent any provision of this Security conflicts with
the express provisions of the Indenture, the provisions of the Indenture shall
govern and be controlling.  The Securities are unsecured obligations
of the Company.  The Indenture does not limit the aggregate principal
amount of Securities that may be issued thereunder.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (5)           Optional
Redemption.

     

    (a)    At
any time and from time to time prior to March 30, 2013, the Company, at its
option, may redeem up to 35% of the aggregate principal amount of the Securities
issued under the Indenture with the net cash proceeds of one or more Qualified
Equity Offerings at a Redemption Price equal to 108.125% of the principal amount
of the Securities to be redeemed, plus accrued and unpaid interest thereon, if
any, to the Redemption Date; provided that

     

    (1)   at
least 65% of the aggregate principal amount of Securities issued under this
Indenture remains outstanding immediately after the occurrence of such
redemption; and

     

    (2)   the
redemption occurs within 60 days of the date of the closing of any such
Qualified Equity Offering.

     

    (b)    At
the Company’s option, the Company may redeem the Securities in whole or in part
at any time and from time to time prior to maturity upon not less than 30 nor
more than 60 days’ prior notice at a Redemption Price equal to the greater of
(i) 100% of the principal amount of the Securities to be redeemed and
(ii) the sum of the present values of the remaining scheduled payments of
principal and interest on the Securities to be redeemed (excluding the portion
of any such interest accrued to the Redemption Date) discounted to the
Redemption Date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Yield, plus 50 basis points, plus, in
each case, accrued and unpaid interest to the Redemption Date.

     

    (6)           Mandatory
Redemption.  The Company is
not be required to make mandatory redemption or sinking fund payments with
respect to the Securities.

     

    (7)           Repurchase
at the Option of Holder. If there is a Change of
Control Trigger Event, the Company will be required to make a Change of Control
Offer as set forth in the Indenture to each Holder to repurchase all or any part
of each Holder’s Securities at a purchase price in cash equal to 101% of the
aggregate principal amount thereof plus accrued and unpaid interest thereon to
the date of purchase, subject to the rights of Holders on the relevant record
date to receive interest due on the relevant interest payment date.

     

    (8)           Notice of
Redemption.  Notice of redemption will be mailed at least 30
days but not more than 60 days before the redemption date to each Holder whose
Securities are to be redeemed at its registered address, except that redemption
notices may be mailed more than 60 days prior to a redemption date if the notice
is issued in connection with a defeasance of the Securities or a satisfaction or
discharge of the Indenture.

     

    (9)           Denominations,
Transfer, Exchange.  The Securities are in registered form
without coupons in denominations of $2,000 and integral multiples of $1,000 in
excess thereof.  The transfer of Securities may be registered and
Securities may be exchanged as provided in the Indenture.  The
Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and the Company may require a
Holder to pay any taxes and fees required by law or permitted by the
Indenture.  The Company need not exchange or register the transfer of
any Security or portion of a Security selected for redemption, except for the
unredeemed portion of any Security being redeemed in part.  Also, the
Company need not exchange or register the transfer of any Securities for a
period of 15 days before a selection of Securities to be redeemed or during the
period between a record date and the corresponding Interest Payment
Date.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (10)           Persons
Deemed Owners.  The registered Holder of a Security may be
treated as its owner for all purposes.

     

    (11)           Amendment,
Supplement and Waiver.  Subject to certain exceptions, the
Indenture or the Securities may be amended or supplemented with the consent of
the Holders of at least a majority in aggregate principal amount of the then
outstanding Securities including Additional Securities, if any, voting as a
single class, and any existing Default or Event or Default or compliance with
any provision of the Indenture or the Securities may be waived with the consent
of the Holders of a majority in aggregate principal amount of the then
outstanding Securities including Additional Securities, if any, voting as a
single class.  Without the consent of any Holder of a Security, the
Indenture or the Securities may be amended or supplemented to (i) to cure any
ambiguity, defect or inconsistency; (ii) to provide for uncertificated
Securities in addition to or in place of certificated Securities; to provide for
the assumption of the Company’s obligations to Holders in the case of a merger
or consolidation or sale of all or substantially all of the Company’s assets, as
applicable; to make any change that would provide any additional rights or
benefits to Holders (including granting of security for the benefit of Holders)
or that does not adversely affect the legal rights under the Indenture of any
such Holder; to comply with requirements of the SEC in order to effect or
maintain the qualification of this Indenture under the Trust Indenture Act; to
conform the text of this Indenture or the Securities to any provision of the
“Description of Notes” section of the Prospectus Supplement to the extent that
such provision was intended by the Company to be a verbatim recitation of a
provision of the Indenture or the Securities; or to provide for the issuance of
Additional Securities in accordance with this Indenture.

     

    (12)           Defaults
and Remedies.  The Events of Default include those specified in
Section 5.01 of the Indenture.  If any Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in aggregate principal
amount of the then outstanding Securities may declare all the Securities to be
due and payable immediately.  Notwithstanding the foregoing, in the
case of an Event of Default arising from certain events of bankruptcy or
insolvency, all outstanding Securities will become due and payable immediately
without further action or notice.  Holders may not enforce the
Indenture or the Securities except as provided in the
Indenture.  Subject to certain limitations, Holders of a majority in
aggregate principal amount of the then outstanding Securities may direct the
Trustee in its exercise of any trust or power.  The Trustee may
withhold from Holders of the Securities notice of any continuing Default or
Event of Default (except a Default or Event of Default relating to the payment
of principal or interest or premium, if any,) if it determines that withholding
notice is in their interest.  The Holders of a majority in aggregate
principal amount of the then outstanding Securities by notice to the Trustee
may, on behalf of the Holders of all of the Securities, rescind an acceleration
or waive any existing Default or Event of Default and its consequences under the
Indenture except a continuing Default or Event of Default in the payment of
interest or premium, if any, on, or the principal of, the
Securities.

     

    (13)           Trustee
Dealings with Company.  The Trustee, in its individual or any
other capacity, may make loans to, accept deposits from, and perform services
for the Company or its Affiliates, and may otherwise deal with the Company or
its Affiliates, as if it were not the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (14)           No
Recourse Against Others.  A director, officer, employee,
incorporator or stockholder of the Company, as such, will not have any liability
for any obligations of the Company under the Securities or the Indenture or for
any claim based on, in respect of, or by reason of, such obligations or their
creation.  Each Holder by accepting a Security waives and releases all
such liability.  The waiver and release are part of the consideration
for the issuance of the Securities.

     

    (15)           Authentication.  This
Security will not be valid until authenticated by the manual signature of the
Trustee or an authenticating agent.

     

    (16)           Abbreviations.  Customary
abbreviations may be used in the name of a Holder or an assignee, such
as:  TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as
tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act).

     

    (17)           CUSIP
Numbers.  Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused
CUSIP numbers to be printed on the Securities, and the Trustee may use CUSIP
numbers in notices of redemption as a convenience to Holders.  No
representation is made as to the accuracy of such numbers either as printed on
the Securities or as contained in any notice of redemption, and reliance may be
placed only on the other identification numbers placed thereon.

     

    (18)           GOVERNING
LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE
USED TO CONSTRUE THE INDENTURE, THIS SECURITY WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

     

    The
Company will furnish to any Holder upon written request and without charge a
copy of the Indenture.  Requests may be made to:

     

    Overseas
Shipholding Group, Inc.

    666 Third
Avenue, 5th
Floor

    New York,
NY 10017

    Attention:  General
Counsel

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    Assignment
Form

     

    To assign
this Security, fill in the form below:

     

    (I) or
(we) assign and transfer this Security
to: ________________________________________________________ 

    (Insert assignee’s legal
name)

     

    ___________________________________________________________________________________________________________________________________________

    (Insert
assignee’s soc. sec. or tax I.D. no.)

     

    ___________________________________________________________________________________________________________________________________________

    

    ___________________________________________________________________________________________________________________________________________

    

    ___________________________________________________________________________________________________________________________________________

    

    ___________________________________________________________________________________________________________________________________________

    (Print or
type assignee’s name, address and zip code)

     

    and
irrevocably
appoint ________________________________________________________________________ 

     

    to
transfer this Security on the books of the Company.  The agent may
substitute another to act for him.

     

    Date:  _______________

     

    Your
Signature: _______________________________________ 

    (Sign
exactly as your name appears on the face of this Security)

    

    Signature
Guarantee*:  _________________________

    

    
      

    

    *           Participant
in a recognized Signature Guarantee Medallion Program (or other signature
guarantor acceptable to the Trustee).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Option of
Holder to Elect Purchase

    

    If you
want to elect to have this Security purchased by the Company pursuant to Section
10.09 of the Indenture, check the following box below:

     

    o  Section
10.09

     

    If you
want to elect to have only part of the Security purchased by the Company
pursuant to Section 10.09 of the Indenture, state the amount you elect to have
purchased:

     

    $_______________

    

    Date:  _______________

     

    Your
Signature: ___________________________________________ 

    (Sign
exactly as your name appears on the face of this Security)

     

    Tax
Identification
No.: _____________________________________ 

    

    Signature
Guarantee*:  _________________________

    

    
      
        

      

    

    *           Participant
in a recognized Signature Guarantee Medallion Program (or other signature
guarantor acceptable to the Trustee).

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    Schedule
of Exchanges of Interests in the Global Security

     

    The
following exchanges of a part of this Global Security for an interest in another
Global Security or for a definitive Note, or exchanges of a part of another
Global Security or definitive Note for an interest in this Global Security, have
been made:

    

    
      	
              Date of Exchange

            	 	
              Amount
      of decrease in Principal Amount

              at
      maturity of

              this Global Security

            	 	
              Amount
      of increase in Principal Amount

              at
      maturity of

              this Global Security

            	 	
              Principal
      Amount

              at
      maturity of this Global Security following such decrease

              (or increase)

            	 	
              Signature
      of authorized officer of Trustee or CustodianUnassociated Document

    NEITHER
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS 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 “1933 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 1933 ACT AND IN
ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION
OF COUNSEL TO THE TRANSFEROR REASONABLY ACCEPTABLE TO THE COMPANY TO SUCH
EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY.

     

    WARRANT

     

    To
Purchase _____________ Shares of Common Stock of

     

    GEOS
COMMUNICATIONS, INC.

     

    THIS WARRANT (the “Warrant”) certifies that, for
value received, __________________________ (the “Holder”), is entitled, upon
the terms and subject to the limitations on exercise and the conditions
hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on
or prior to the three-year anniversary of the Initial Exercise Date (the “Termination Date”), but not
thereafter, to subscribe for and purchase from Geos Communications, Inc., a
Washington corporation (the “Company”), up to __________
shares (the “Warrant
Shares”) of common stock, no par value per share, of the Company (the
“Common
Stock”).  The purchase price of each Warrant Share (the “Exercise Price”) under this
Warrant shall be $0.25, subject to adjustment
hereunder.

     

    1. Title to
Warrant.  Prior to the Termination Date and subject to
compliance with applicable laws and Section 8 of this Warrant, this Warrant and
all rights hereunder are transferable, in whole or in part, at the office or
agency of the Company by the Holder in person or by duly authorized attorney,
upon surrender of this Warrant together with the Assignment Form attached hereto
as Exhibit A
(the “Assignment Form”),
properly endorsed.

     

    2. Authorization of
Shares.  The Company covenants that all Warrant Shares which
may be issued upon the exercise of the purchase rights represented by this
Warrant will, upon exercise of the purchase rights represented by this Warrant,
be duly authorized, validly issued, fully paid and nonassessable and free from
all taxes, liens and charges in respect of the issue thereof (other than taxes
in respect of any transfer occurring contemporaneously with such
issue).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    3. Exercise of
Warrant.

     

    (a) Exercise
of the purchase rights represented by this Warrant may be made at any time or
times on or after the Initial Exercise Date and on or before the Termination
Date by delivery to the Company (or such other office or agency of the Company
as it may designate by notice in writing to the registered Holder at the address
of such Holder appearing on the books of the Company) of a duly executed
facsimile copy of the Notice of Exercise in the form attached hereto as Exhibit B (the “Notice of Exercise”); provided, however, within three
(3) Business Days of the date said Notice of Exercise is delivered to the
Company, the Holder shall have surrendered this Warrant to the Company, and, if
the Holder has not elected to make a cashless exercise as provided below, the
Company shall have received payment of the aggregate Exercise Price of the
shares thereby purchased by wire transfer or cashier’s check drawn on a United
States bank.  Certificates for Warrant Shares purchased hereunder
shall be delivered to the Holder no later than three (3) Business Days after the
delivery to the Company of the Notice of Exercise, surrender of this Warrant
and, if the Holder has not elected to make a cashless exercise as provided
below, payment of the aggregate Exercise Price as set forth above (“Warrant Share Delivery
Date”).  Prior to the issuance of such Warrant Shares, if the
Company fails to deliver to the Holder a certificate or certificates
representing the Warrant Shares pursuant to this Section 3(a) by the Warrant
Share Delivery Date, then the Holder will have the right to rescind such
exercise.  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 Warrant Shares as required pursuant to the terms hereof. “Business Day” shall mean any
day other than: (i) Saturday or Sunday or (ii) a legal holiday on which banks in
the State of Texas are authorized to be closed for business.

     

    (b) If this
Warrant shall have been exercised in part, then the Company shall, at the time
of delivery of the certificate or certificates representing the Warrant Shares,
deliver to Holder a new Warrant evidencing the rights of Holder to purchase the
unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
in all other respects be identical with this Warrant.

     

    (c) In the
event that the Holder elects to make a cashless exercise as provided above, the
Company shall issue to the Holder the number of Warrant Shares equal to the
result obtained by (i) subtracting B from A, (ii) multiplying the
difference by C, and (iii) dividing the product by A, as set forth in the
following equation:

     

    
      	
               
      

            	
              X

            	
              =

            	
              (A - B) x
      C  where:

                    
                     
      A

              

            

    

    
      
      

    

     

    
      	
               
      

            	
              X

            	
              =

            	
              the
      number of Warrant Shares issuable upon a cashless exercise of the Warrant
      pursuant to the provisions of this
  Section 3.

            

    

     

    
      	
               
      

            	
              A

            	
              =

            	
              the
      Fair Market Value (as defined below) of one share of Common Stock on the
      date of net issuance exercise.

            

    

     

    
      	
               
      

            	
              B

            	
              =

            	
              the
      Exercise Price for one Warrant Share under this
  Warrant.

            

    

     

    
      	
               
      

            	
              C

            	
              =

            	
              the
      number of Warrant Shares as to which this Warrant is
      exercisable.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    If the
foregoing calculation results in a negative number, then no Warrant Shares shall
be issued upon a cashless exercise.

     

    For the
purpose of such calculations, the fair market value per share of the Common
Stock shall be (i) if there is a public market for the Common Stock, the dollar
volume-weighted average price for the Common Stock on the Over-The-Counter
Bulletin Board, AMEX, NYSE, the NASDAQ National Market or The NASDAQ SmallCap
Market Principal Market during the period beginning at 9:30:01 a.m., New York
City Time, and ending at 4:00:00 p.m., New York City Time, as reported by
Bloomberg through its “Volume at Price” function or, if the foregoing does not
apply, the dollar volume-weighted average price of such security in the
over-the-counter market on the electronic bulletin board for such security
during the period beginning at 9:30:01 a.m., New York City Time, and ending at
4:00:00 p.m., New York City Time, as reported by Bloomberg, or, if no dollar
volume-weighted average price is reported for such security by Bloomberg for
such hours, the average of the highest closing bid price and the lowest closing
ask price of any of the market makers for such security as reported in the “pink
sheets” by Pink Sheets LLC (formerly the National Quotation Bureau, Inc.) for
the twenty (20) trading days prior to the date of determination of fair market
value; or (ii) if there is no public market for the Common Stock, as determined
by the Company’s Board of Directors in good faith.

     

    4. Repurchase of
Warrant.  The Company has the right to repurchase all or any
portion of the Warrant Shares issuable upon exercise of this Warrant from Holder
at a purchase price of $0.01 per Warrant Share at any time the Weighted Average
Price of the Common Stock is at or above 200% of the Exercise Price, as adjusted
hereunder, for twenty consecutive trading days.  “Weighted Average Price” means
the dollar volume-weighted average price for the Common Stock on the
Over-The-Counter Bulletin Board, AMEX, NYSE, the NASDAQ National Market or The
NASDAQ SmallCap Market Principal Market during the period beginning at 9:30:01
a.m., New York City Time, and ending at 4:00:00 p.m., New York City Time, as
reported by Bloomberg through its “Volume at Price” function or, if the
foregoing does not apply, the dollar volume-weighted average price of such
security in the over-the-counter market on the electronic bulletin board for
such security during the period beginning at 9:30:01 a.m., New York City Time,
and ending at 4:00:00 p.m., New York City Time, as reported by Bloomberg, or, if
no dollar volume-weighted average price is reported for such security by
Bloomberg for such hours, the average of the highest closing bid price and the
lowest closing ask price of any of the market makers for such security as
reported in the “pink sheets” by Pink Sheets LLC (formerly the National
Quotation Bureau, Inc.).  If the Company elects to repurchase all or
any part of the Warrant Shares pursuant to this Section, then the Company shall
give to Holder at least 10 days’ prior written notice of the date on which the
repurchase shall occur.  Unless Holder exercises this Warrant in
accordance with Section 3 above within such 10 day period, then Holder shall
present this certificate to the Company upon payment by the Company of the
repurchase price and if all of the Warrant Shares exercisable hereunder are
repurchased this Warrant shall be cancelled.  Otherwise, a new Warrant
certificate for the portion of the Warrant Shares that remain exercisable
hereunder shall be reissued to Holder.

     

    5. No Fractional Shares or
Scrip.  No fractional shares or scrip representing fractional
shares shall be issued upon the exercise of this Warrant.  As to any
fraction of a share which Holder would otherwise be entitled to purchase upon
such exercise, the Company shall round such fraction of a share up to the
nearest whole share.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    6. Charges, Taxes and
Expenses.  Issuance of certificates for Warrant Shares shall be
made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such certificate, all of which
taxes and expenses shall be paid by the Company, and such certificates shall be
issued in the name of the Holder or in such name or names as may be directed by
the Holder; provided, however, that in the
event certificates for Warrant Shares are to be issued in a name other than the
name of the Holder, this Warrant when surrendered for exercise shall be
accompanied by the Assignment Form duly executed by the Holder, and the Company
may require, as a condition thereto, the payment of a sum sufficient to
reimburse it for any transfer tax incidental thereto.

     

    7. Closing of
Books.  The Company will not close its shareholder books or
records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

     

    8. Transfer, Division and
Combination.

     

    (a) Subject
to compliance with any applicable securities laws and with the provisions of
Sections 1, 4 and 8(e) hereof, this Warrant and all rights hereunder are
transferable, in whole or in part, upon surrender of this Warrant at the
principal office of the Company, together with an Assignment Form completed and
duly executed by the Holder or its agent or attorney and funds sufficient to pay
any transfer taxes payable upon the making of such transfer.  Upon
such surrender and, if required, such payment, the Company shall execute and
deliver a new Warrant or Warrants in the name of the assignee or assignees and
in the denomination or denominations specified in the Assignment Form, and shall
issue to the assignor a new Warrant evidencing the portion of this Warrant not
so assigned, and this Warrant shall promptly be cancelled.  A Warrant,
if properly assigned, may be exercised by a new holder for the purchase of
Warrant Shares without having a new Warrant issued.

     

    (b) This
Warrant may be divided or combined with other Warrants upon presentation hereof
at the aforesaid office of the Company, together with a written notice
specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney.  Subject to compliance
with Section 8(a), as to any transfer which may be involved in such division or
combination, the Company shall execute and deliver a new Warrant or Warrants in
exchange for the Warrant or Warrants to be divided or combined in accordance
with such notice.

     

    (c) The
Company shall prepare, issue and deliver at its own expense (other than transfer
taxes) the new Warrant or Warrants under this Section 8.

     

    (d) The
Company agrees to maintain, at its aforesaid office, books for the registration
and the registration of transfer of the Warrants.

     

    (e) If, at
the time of the surrender of this Warrant in connection with any transfer of
this Warrant, the transfer of this Warrant shall not be registered pursuant to
an effective registration statement under the 1933 Act and under applicable
state securities or blue sky laws, the Company may require, as a condition of
allowing such transfer:  (i) that the Holder or assignee of this
Warrant, as the case may be, furnish to the Company a written opinion of counsel
(which opinion shall be in form, substance and scope customary for opinions of
counsel in comparable transactions) to the effect that such transfer may be made
without registration under the 1933 Act and under applicable state securities or
blue sky laws; (ii) that the Holder or assignee execute and deliver to the
Company an investment representation letter in form and substance reasonably
satisfactory to the Company; and (iii) that the assignee be an “accredited
investor” as defined in Rule 501(a) promulgated under the 1933 Act or a
qualified institutional buyer as defined in Rule 144A(a) under the 1933
Act.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    9. Representations of
Holder

     

    (a) Acquisition of Warrant for
Personal Account. The Holder represents and warrants that it is acquiring
the Warrant and Warrant Shares solely for its account for investment and not
with a present view toward public sale or distribution of said Warrant or
Warrant Shares or any part thereof and has no intention of selling or
distributing said Warrant Shares or any arrangement or understanding with any
other  person or entity regarding the sale or distribution of said
Warrant except as would not result in a violation of the 1933 Act.

     

    (b) Securities Are Not
Registered.

     

    (i) The
Holder understands that the offer and sale of the Warrant and the Warrant Shares
have not been exercised under the 1933 Act on the basis of specific exemptions
from the registration provisions of the 1933 Act, which exemptions depend upon,
among other things, the bona fide nature of the Holder’s investment intent as
expressed herein. The Holder realizes that the basis for such exemptions may not
be present if, notwithstanding its representations, the Holder has a present
intention of acquiring the securities for a fixed or determinable period in the
future, selling (in connection with a distribution or otherwise), granting any
participation in, or otherwise distributing the securities. The Holder has no
such present intention.

     

    (ii) The
Holder recognizes that the Warrant and the Warrant Shares must be held
indefinitely unless they are subsequently registered under the 1933 Act or an
exemption from such registration is available. The Holder recognizes that the
Company has no obligation to register the Warrant or the Warrant Shares, or to
comply with any exemption from such registration.

     

    (c) The
Holder understands and agrees that all certificates evidencing the Warrant
Shares to be issued to the Holder may bear a legend in substantially the
following form:

     

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE OF
THE UNITED STATES IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR REGULATION S THEREUNDER,
AND ACCORDINGLY, MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED,
TRANSFERRED OR ASSIGNED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
FOR THE SECURITIES UNDER THE 1933 ACT OR PURSUANT TO AN AVAILABLE EXPEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAW AS EVIDENCED BY
A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF
WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    10. No Rights as Shareholder
until Exercise.  This Warrant does not entitle the Holder to
any voting rights or other rights as a shareholder of the Company prior to the
exercise hereof.  Upon the surrender of this Warrant, the delivery of
the Notice of Exercise by facsimile copy, and the payment of the aggregate
Exercise Price and the payment of all taxes required to be paid by the Holder
prior to the issuance of the Warrant Shares pursuant to Section 3, if any,
the Warrant Shares so purchased shall be and be deemed to be issued to such
Holder as the record owner of such shares as of the close of business on the
later of the date of such surrender, delivery or payment.

     

    11. Loss, Theft, Destruction or
Mutilation of Warrant.  The Company covenants that upon receipt
by the Company of evidence reasonably satisfactory to it of the loss, theft,
destruction or mutilation of this Warrant or any stock certificate relating to
the Warrant Shares, and in case of loss, theft or destruction, of indemnity or
security reasonably satisfactory to it (which, in the case of the Warrant, shall
not include the posting of any bond), and upon surrender and cancellation of
such Warrant or stock certificate, if mutilated, the Company will make and
deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

     

    12. Saturdays, Sundays,
Holidays, Etc.  If the last or appointed day for the taking of
any action or the expiration of any right required or granted herein shall not
be a Business Day, then such action may be taken or such right may be exercised
on the next succeeding Business Day.

     

    13. Adjustments to Exercise
Price and Number of Warrant Shares.  The number and kind of
securities purchasable upon the exercise of this Warrant and the Exercise Price
shall be subject to adjustment from time to time if the Company
shall:  (i) pay a dividend in shares of Common Stock or make a
distribution in shares of Common Stock to holders of its outstanding Common
Stock; (ii) subdivide its outstanding shares of Common Stock into a greater
number of shares; (iii) combine its outstanding shares of Common Stock into a
smaller number of shares of Common Stock; or (iv) issue any shares of its
capital stock in a reclassification of the Common Stock.  Upon the
happening of any of the events set forth in subsections (i)-(iv) of this
Section 13, the number of Warrant Shares purchasable upon exercise of this
Warrant immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the kind and number of Warrant Shares or other securities of
the Company which it would have owned or have been entitled to receive had such
Warrant been exercised in advance thereof.  Upon each such adjustment
of the kind and number of Warrant Shares or other securities of the Company
which are purchasable hereunder, the Holder shall thereafter be entitled to
purchase the number of Warrant Shares or other securities resulting from such
adjustment at an Exercise Price per Warrant Share or other security obtained by
multiplying the Exercise Price in effect immediately prior to such adjustment by
the number of Warrant Shares purchasable pursuant hereto immediately prior to
such adjustment and dividing by the number of Warrant Shares or other securities
of the Company that are purchasable pursuant hereto immediately after such
adjustment.  An adjustment made pursuant to this paragraph shall
become effective immediately after the effective date of such event retroactive
to the record date, if any, for such event.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    14. Reorganization,
Reclassification, Merger, Consolidation or Disposition of
Assets.  In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another
corporation (where the Company is not the surviving corporation or where there
is a change in or distribution with respect to the Common Stock), or sell,
transfer or otherwise dispose of its property, assets or business to another
corporation and, pursuant to the terms of such reorganization, reclassification,
merger, consolidation or disposition of assets, shares of common stock of the
successor or acquiring corporation, or any cash, shares of stock or other
securities or property of any nature whatsoever (excluding cash but including
warrants or other subscription or purchase rights) in addition to or in lieu of
common stock of the successor or acquiring corporation (“Other Property”), are to be
received by or distributed to the holders of Common Stock, then the Holder shall
have the right thereafter to receive the number of shares of stock of the
successor or acquiring corporation or of the Company, if it is the surviving
corporation, and Other Property receivable upon or as a result of such
reorganization, reclassification, merger, consolidation or disposition of assets
equal to the number of Warrant Shares for which this Warrant is exercisable
immediately prior to such event. For purposes of this
Section 14, “common stock of the successor or acquiring corporation” shall
include stock of such corporation of any class which is not preferred as to
dividends or assets over any other class of stock of such corporation and which
is not subject to redemption and shall also include any evidences of
indebtedness, shares of stock or other securities which are convertible into or
exchangeable for any such stock, either immediately or upon the arrival of a
specified date or the happening of a specified event and any warrants or other
rights to subscribe for or purchase any such stock.  The foregoing
provisions of this Section 14 shall similarly apply to successive
reorganizations, reclassifications, mergers, consolidations or disposition of
assets.

     

    15. Voluntary Adjustment by the
Company.  The Company may at any time during the term of this
Warrant reduce the then current Exercise Price to any amount and for any period
of time deemed appropriate by the Board of Directors of the
Company.

     

    16. Notice of
Adjustment.  Whenever the number of Warrant Shares or number or
kind of securities or other property purchasable upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
give notice thereof to the Holder, which notice shall state the number of
Warrant Shares (and other securities or property) purchasable upon the exercise
of this Warrant and the Exercise Price of such Warrant Shares (and other
securities or property) after such adjustment, setting forth a brief statement
of the facts requiring such adjustment and setting forth the computation by
which such adjustment was made.

     

    17. Notice of Corporate
Action.  If at any time:

     

    (a) the
Company shall take a record of the holders of its Common Stock for the purpose
of entitling them to receive a dividend or other distribution, or any right to
subscribe for or purchase any evidences of its indebtedness, any shares of stock
of any class or any other securities or property, or to receive any other right,
or

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (b) there
shall be any capital reorganization of the Company, any reclassification or
recapitalization of the capital stock of the Company or any consolidation or
merger of the Company with, or any sale, transfer or other disposition of all or
substantially all the property, assets or business of the Company to, another
corporation or,

     

    (c) there
shall be a voluntary or involuntary dissolution, liquidation or winding up of
the Company;

     

    then, in
any one or more of such cases, the Company shall give to Holder: (i) at least 20
days’ prior written notice of the date on which a record date shall be selected
for such dividend, distribution or right or for determining rights to vote in
respect of any such reorganization, reclassification, merger, consolidation,
sale, transfer, disposition, liquidation or winding up, and (ii) in the case of
any such reorganization, reclassification, merger, consolidation, sale,
transfer, disposition, dissolution, liquidation or winding up, at least 20 days’
prior written notice of the date when the same shall take place.  Such
notice in accordance with the foregoing clause also shall specify: (A) the date
on which any such record is to be taken for the purpose of such dividend,
distribution or right, the date on which the holders of Common Stock shall be
entitled to any such dividend, distribution or right, and the amount and
character thereof, and (B) the date on which any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up is to take place and the time, if any
such time is to be fixed, as of which the holders of Common Stock shall be
entitled to exchange their Warrant Shares for securities or other property
deliverable upon such disposition, dissolution, liquidation or winding
up.  Each such written notice shall be sufficiently given if addressed
to Holder at the last address of Holder appearing on the books of the Company
and delivered in accordance with Section 19(d).

     

    18. Authorized
Shares.  The Company covenants that during the period the
Warrant is outstanding, it will reserve from its authorized and unissued Common
Shares a sufficient number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this
Warrant.  The Company further covenants that its issuance of this
Warrant shall constitute full authority to its officers who are charged with the
duty of executing stock certificates to execute and issue the necessary
certificates for the Warrant Shares upon the exercise of the purchase rights
under this Warrant.  The Company will take all such reasonable action
as may be necessary to assure that such Warrant Shares may be issued as provided
herein without violation of any applicable law or regulation.

     

    Except
and to the extent as waived or consented to by the Holder, the Company shall not
by any action, including, without limitation, amending the Company’s Articles of
Incorporation or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms 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 actions as may be necessary or
appropriate to protect the rights of Holder as set forth in this Warrant against
impairment.  Without limiting the generality of the foregoing, the
Company will: (i) not increase the par value of any Warrant Shares above the
amount payable therefor upon such exercise immediately prior to such increase in
par value, (ii) take all such action as may be necessary or appropriate in order
that the Company may validly and legally issue fully paid and nonassessable
Warrant Shares upon the exercise of this Warrant, and (iii) use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents
from any public regulatory body having jurisdiction thereof as may be necessary
to enable the Company to perform its obligations under this
Warrant.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    Before
taking any action which would result in an adjustment in the number of Warrant
Shares for which this Warrant is exercisable or in the Exercise Price, the
Company shall obtain all such authorizations or exemptions thereof, or consents
thereto, as may be necessary from any public regulatory body or bodies having
jurisdiction thereof.

     

    19. Miscellaneous.

     

    (a) This
Warrant shall be governed by and construed in accordance with the laws of the
State of Washington without regard to principles of conflict of
laws.

     

    (b) The
Holder acknowledges that the Warrant Shares acquired upon the exercise of this
Warrant, if not registered, will have restrictions upon resale imposed by state
and federal securities laws.

     

    (c) No course
of dealing or any delay or failure to exercise any right hereunder on the part
of Holder shall operate as a waiver of such right or otherwise prejudice
Holder’s rights, powers or remedies, notwithstanding all rights hereunder
terminate on the Termination Date.  If the Company willfully and
knowingly fails to comply with any provision of this Warrant, which results in
any material damages to the Holder, the Company shall pay to Holder such amounts
as shall be sufficient to cover any costs and expenses including, but not
limited to, reasonable attorneys’ fees, including those of appellate
proceedings, incurred by Holder in collecting any amounts due pursuant hereto or
in otherwise enforcing any of its rights, powers or remedies
hereunder.

     

    (d) All
notices, requests, consents and other communications hereunder shall be in
writing and shall be deemed to have been made when delivered or mailed by first
class mail, postage prepaid, as follows:  (a) if to the Holder,
at the address of the Holder as shown on the registry books maintained by the
Company or the Transfer Agent; and (b) if to the Company, at 430 N. Carroll
Avenue, Suite 120, Southlake, Texas 76092, Attention: Chief Executive
Officer.

     

    (e) No
provision hereof, in the absence of any affirmative action by Holder to exercise
this Warrant or purchase Warrant Shares, and no enumeration herein of the rights
or privileges of Holder, shall give rise to any liability of Holder for the
purchase price of any Common Shares or as a shareholder of the Company, whether
such liability is asserted by the Company or by creditors of the
Company.

     

    (f) Holder,
in addition to being entitled to exercise all rights granted by law, including
recovery of damages, will be entitled to specific performance of its rights
under this Warrant.  The Company agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it
of the provisions of this Warrant and hereby agrees to waive the defense in any
action for specific performance that a remedy at law would be
adequate.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (g) Subject
to applicable securities laws, this Warrant and the rights and obligations
evidenced hereby shall inure to the benefit of and be binding upon the
successors of the Company and the successors and permitted assigns of
Holder.  The provisions of this Warrant are intended to be for the
benefit of all Holders from time to time of this Warrant and shall be
enforceable by any such Holder or holder of Warrant Shares.

     

    (h) This
Warrant may be modified or amended or the provisions hereof waived with the
written consent of the Company and the Holder.

     

    (i) Wherever
possible, each provision of this Warrant shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this
Warrant shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provisions or the remaining provisions of
this Warrant.

     

    (j) The
headings used in this Warrant are for the convenience of reference only and
shall not, for any purpose, be deemed a part of this Warrant.

     

    IN WITNESS WHEREOF, the
Company has caused this Warrant to be executed by its officer thereunto duly
authorized.

     

    Dated:
__________, 2010

     

    
      
        	
                GEOS
      COMMUNICATIONS, INC.

                 

              
	
                By:                                                                     

                Andrew L. Berman

                Chief Executive
      Officer

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

    

    EXHIBIT
A

     

    ASSIGNMENT
FORM

     

    (To
assign the foregoing warrant, execute this form

     

    and
supply required information.

     

    Do not
use this form to exercise the warrant.)

     

    FOR VALUE
RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
assigned to _______________________________________________ whose address is
___________   ______________________________________.

    

       

      
        
          
            	
                     

                  	
                    Dated:  ______________,
      _______

                  

          

        

        
           

           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 	
                                            Holder’s
    Signature:   

                                          	
                                             

                                          
	 	Holder’s Address:   	 
	 	 	 
	 	 	 
	 	 	 

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

             

             

            Signature
Guaranteed:                                                                                                                     

          

        

      

    

     

    NOTE:  The
signature to this Assignment Form must correspond with the name as it appears on
the face of the Warrant, without alteration or enlargement or any change
whatsoever, and must be guaranteed by a bank or trust
company.  Officers of corporations and those acting in a fiduciary or
other representative capacity should file proper evidence of authority to assign
the foregoing Warrant.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
B

     

    NOTICE OF
EXERCISE

     

    
      	
              To: 

            	
              Geos
      Communications, Inc.

            

    

     

    The
undersigned, the Holder of the attached Warrant, hereby irrevocably elects to
exercise the purchase right represented by the Warrant for, and to purchase
thereunder, _______ Warrant Shares (as such terms are defined in the Warrant,
dated ____________, 2010, issued by Geos Communications, Inc. to
_________________).

     

    
      	
               
      

            	
              �

            	
              (Cash
      Exercise)  The undersigned has included with this Form of
      Subscription the purchase price of such shares in
  full.

            

    

     

    
      	
               
      

            	
              �

            	
              (Cashless
      Exercise)  The undersigned elects to purchase such shares
      pursuant to the net exercise provisions of such
  Warrant.

            

    

     

    The
undersigned hereby requests that the Certificate(s) for such securities be
issued in the name(s) and delivered to the address(es) as follows:

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              Name:

                                            	  
	 	 
	Address:	 
	 	 
	Social Security Number:     	 
	 	 
	Deliver to: 	 
	 	 
	Address:  	 

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

      

    

    If the
foregoing Subscription evidences an exercise of the Warrant to purchase fewer
than all of the Warrant Shares (or other securities or property) to which the
undersigned is entitled under such Warrant, please issue a new Warrant, of like
tenor, for the remaining portion of the Warrant (or other securities or
property) in the name(s), and deliver the same to the address(es) as
follows:

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Name: 

                                  	
                                      

                                  
	 	 
	Address:  	 
	 	 
	Dated: 	____________,
      20___. 
	 	 

                          

                        

                      

                    

                  

                

              

            

          

        

        
           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	 
	
                                                (Name of
Holder)

                                              

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

           

        

      

    

    
      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	 	 
	
                                    (Signature of Holder or Authorized
      Signatory)

                                  	
                                       
      

                                  	
                                    (SS or TIN of
Holder)

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
         

      

    

    
      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              	Signature
      Guaranteed:

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