SEC Contract Filing

Filing Date: 2018-10-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>f8k072318ex10-3_conversion.htm
<DESCRIPTION>FORM OF FITZPATRICK WARRANT
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NEITHER THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES</B>.</P>

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 <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD>
 <TD STYLE="width: 50%; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right to Purchase ____________ shares of Common Stock of Conversion Labs, Inc. (subject to adjustment as provided herein)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COMMON STOCK PURCHASE WARRANT</B></P>

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 <TD STYLE="width: 49%">No.</TD><TD STYLE="width: 2%">&nbsp;</TD>
 <TD STYLE="width: 49%; text-align: right">Issue Date:</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>CONVERSION LABS, INC.</B>, a corporation
organized under the laws of the State of Delaware (the &ldquo;<B>Company</B>&rdquo;), hereby certifies that, for value received,
<B>Sean Fitzpatrick</B>, with an address at _________________________________________, (the &ldquo;<B>Holder</B>&rdquo;), is entitled,
subject to the vesting schedule (the &ldquo;<B>Vesting Schedule</B>&rdquo;) attached hereto as <U>Exhibit B</U>, and the terms
set forth below, to purchase from the Company at any time after the Issue Date until 5:00 p.m., E.D.T. on the ten (10) year anniversary
of the Issue Date (the &ldquo;<B>Expiration Date</B>&rdquo;), up to 5,000,0000 fully paid and non-assessable shares of the Company&rsquo;s
common stock, par value $0.01 per share (the &ldquo;Common Stock&rdquo;) at a per share purchase price of $0.30. The aforedescribed
purchase price per share, as adjusted from time to time as herein provided, is referred to herein as the &ldquo;<B>Purchase Price</B>.&rdquo;
The number and character of such shares of Common Stock and the Purchase Price are subject to adjustment as provided herein. The
Company may reduce the Purchase Price for some or all of the Warrants, temporarily or permanently, <I>provided</I> such reduction
is made as to all outstanding Warrants for all Holders of such Warrants.&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As used herein the
following terms, unless the context otherwise requires, have the following respective meanings:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a) The
term &ldquo;<B>Company</B>&rdquo; shall mean Conversion Labs, Inc., a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) The term &ldquo;<B>Common
Stock</B>&rdquo; includes (i) the Company&rsquo;s Common Stock, $0.01 par value per share and (ii) any other securities into which
or for which any of the securities described in (i) may be converted or exchanged pursuant to a plan of recapitalization, reorganization,
merger, sale of assets or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) The term &ldquo;<B>Other
Securities</B>&rdquo; refers to any stock (other than Common Stock) and ot