SEC Contract Filing

Filing Date: 2015-12-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
<DESCRIPTION>FORM OF WARRANTS
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"><A HREF="blsp-8k_122815.htm">Blue Sphere Corporation 8-K</A></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.3</B></FONT><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BLUE SPHERE CORPORATION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>THIS WARRANT AND THE SECURITIES ISSUABLE
UPON ITS EXERCISE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;<U>ACT&rsquo;</U>), OR QUALIFIED
UNDER APPLICABLE STATE SECURITIES LAWS AND MAY ONLY BE ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO, OR IN CONNECTION
WITH, THE SALE OR DISTRIBUTION THEREOF. THIS WARRANT AND THE SECURITIES ISSUABLE UPON ITS EXERCISE MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT OR SUCH SECURITIES UNDER
THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
AND QUALIFICATION ARE NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
&ldquo;<U>SEC</U>&rdquo;).</B></P>

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 <TD STYLE="width: 33%"><B>WARRANT NUMBER:</B></TD>
 <TD STYLE="width: 34%">&nbsp;</TD>
 <TD STYLE="width: 33%; text-align: right"><B>W-DEC-2015 -__</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
 <TD><B>ISSUANCE DATE:&#9;</B></TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: right"><B>December 23, 2015</B></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">FOR VALUE RECEIVED<B>, </B>BLUE SPHERE CORPORATION,
as of December 23, 2015 (the &ldquo;<U>Issuance Date</U>&rdquo;) a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), hereby
certifies that ____________, or its registered assigns (the &ldquo;<U>Warrant Holder</U>&rdquo;), is entitled, subject to the terms
set forth below, to purchase from the Company ___________ shares (the &ldquo;<U>Warrant Shares</U>&rdquo;) of the Company&rsquo;s
common stock, $0.001 par value per share (the &ldquo;<U>Common Stock</U>&rdquo;), exercisable at price per share of [$0.05/$0.075]
per share (the &ldquo;<U>Exercise Price</U>&rdquo;). This Warrant may be exercised any time after issuance through and including
the fifth (5th) anniversary of the Issuance Date (the &ldquo;<U>Expiration Date</U>&rdquo;), subject to the following terms and
conditions set out in this Warrant.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration of Warrant</U>. The Company
shall register this Warrant upon records to be maintained by the Company for that purpose (the &ldquo;<U>Warrant Register</U>&rdquo;),
in the name of the record Warrant Holder hereof from time to time. The Company may deem and treat the registered Warrant Holder
of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Warrant Holder,
and for all other purposes, and the Company shall not be affected by notice to the contrary.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investment Representation</U>. The
Warrant Holder by accepting this Warrant represents that the Warrant Holder is acquiring this Warrant for its own account or the
account of an affiliate for investment purposes and not with the view to any offering or distribution and that the Warrant Holder
will not sell or otherwise dispose of this Warrant or the underlying Warrant Shares in violation of applicable securities laws.
The Warrant Holder acknowledges that the certificates representing any Warrant Shares will bear a legend indicating that they have
not been registered under the Act and m