SEC Contract Filing

Filing Date: 2020-07-21

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>brhc10013621_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.5</font><br>
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 <div style="text-align: justify; font-weight: bold;">NEITHER THIS WARRANT, NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT (COLLECTIVELY, THE &#8220;SECURITIES&#8221;), HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;SECURITIES
 ACT&#8221;), OR UNDER ANY STATE SECURITIES OR BLUE SKY LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT AS PERMITTED UNDER THE SECURITIES
 ACT AND APPLICABLE STATE SECURITIES OR BLUE SKY LAWS, PURSUANT TO REGISTRATION OR QUALIFICATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF
 TIME. THE COMPANY MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT ANY PROPOSED TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES OR BLUE SKY LAWS.
 THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN &#8220;ACCREDITED INVESTOR&#8221; AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN
 SECURED BY SUCH SECURITIES.</div>
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 <div style="text-align: center; font-weight: bold;">COMMON STOCK PURCHASE WARRANT</div>
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 <div style="text-align: center; font-weight: bold;">BETTER CHOICE COMPANY INC.</div>
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 <div>Warrant Shares:</div>
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 <div style="text-align: right;">Issue Date:&#160; July 20, 2020 (the &#8220;<u>Issue Date</u>&#8221;)</div>
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 <div style="text-indent: 36pt;">THIS COMMON STOCK PURCHASE WARRANT (the &#8220;<u>Warrant</u>&#8221;) certifies that, for value received, _______________ (the &#8220;<u>Holder</u>&#8221;) is entitled, upon the terms and subject to the limitations on exercise and the
 conditions set forth herein, at any time for a period ending on the earlier of (i) 84 months from the date of the consummation of an underwritten public offering or other uplist transaction through which the Company lists its Common Stock on the
 New York Stock Exchange, The Nasdaq Global Select Market, The Nasdaq Global Market or another national securities exchange in the United States or Canada or (ii) June 30, 2030 (the earlier of such dates is hereinafter referred to as the &#8220;<u>Expiration

 Date</u>&#8221;), but not thereafter, to subscribe for and purchase from Better Choice Company Inc., a Delaware corporation (the &#8220;<u>Company</u>&#8221;), up to ____________ shares (the &#8220;<u>Warrant Shares</u>&#8221;) of the Company&#8217;s common stock, par value $0.001
 per share (&#8220;<u>Common Stock</u>&#8221;).&#160; The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(f).</div>
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 <div style="text-indent: 36pt;"><u>Section 1.</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Definitions</u>.&#160; Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Subscription Agreement between the Company and the Holder (the
 &#8220;<u>Subscription Agreement</u>&#8221;), dated as of the Issue Date.&#160; The following additional terms shall have the following meanings:</div>
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 <div style="text-indent: 72pt;">a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Trading Day</u>&#8221; shall mean any day on which the Common Stock is traded on the Trading Market.</div>
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 <div style="text-indent: 72pt;">b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Trading Market</u>&#8221; shall mean the principal securities exchange or securities market, including an over-the-counter market, on which the Common Stock is then traded in the United States.</div>
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 <div style="text-indent: 36pt;"><u>Section 2.</u>&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Exercise</u>.</div>
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 <div style="text-indent: 72pt;">a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Exercise of Warrant</u>.&#160; The purchase rights represented by this Warrant may be exercised, in whole or in p