SEC Contract Filing

Filing Date: 2017-12-05

Document Content:
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<TYPE>EX-10.2
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<FILENAME>ex10_2.htm
<DESCRIPTION>EXHIBIT 10.2
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<div style="FONT-WEIGHT: bold; TEXT-ALIGN: right">Exhibit 10.2</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">NEITHER THIS WARRANT NOR ANY OF THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>SECURITIES ACT</u></font>&#8221;), OR ANY STATE SECURITIES LAW.&#160; NO TRANSFER OF THIS WARRANT OR OF THE SECURITIES ISSUABLE UPON EXERCISE HEREOF SHALL BE VALID OR EFFECTIVE UNLESS (A) SUCH TRANSFER IS MADE PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (B) THE HOLDER OF THE SECURITIES PROPOSED TO BE TRANSFERRED SHALL HAVE DELIVERED TO THE COMPANY EITHER A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION OR AN OPINION OF COUNSEL (WHO MAY BE AN EMPLOYEE OF SUCH HOLDER) EXPERIENCED IN SECURITIES MATTERS TO THE EFFECT THAT SUCH PROPOSED TRANSFER IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR (C) SUCH TRANSFER IS PURSUANT TO RULE 144 OR RULE 144A UNDER THE SECURITIES ACT.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">AMENDED AND RESTATED WARRANT</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 24pt">WHEREAS, on April 20, 2017 and in exchange for payment of One Million Five Hundred Thousand Dollars ($1,500,000.00), INTERSECTIONS INC., a Delaware corporation (the &#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Company</u></font>&#8221;) issued to PEAK6 INVESTMENTS, L.P., a Delaware limited partnership (&#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>PEAK6 Investments</u></font>&#8221;), that certain warrant (the &#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Original Warrant</u></font>&#8221;) to purchase One Million Five Hundred Thousand (1,500,000) shares of Common Stock (as defined below) on the date of exercise (subject to adjustment as provided in the Original Warrant);</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; TEXT-INDENT: 24pt">WHEREAS, the Parties now desire to amend and restate the terms of the Original Warrant in its entirety on the terms and conditions set forth herein; and</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; TEXT-INDENT: 24pt">WHEREAS, PEAK6 Investments desires to, and by virtue of this amendment and restatement, does transfer its rights under the Original Warrant to PEAK6 Ventures LLC, a wholly-owned subsidiary of PEAK6 Investments.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 24pt">THIS IS TO CERTIFY THAT, in exchange for payment of Seven Hundred Thousand Dollars ($700,000.00), receipt of which is hereby acknowledged and which the parties agree represents fair market value of the amendment and restatement of the Original Warrant, PEAK6 Ventures LLC or its registered assigns (collectively, the &#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Holder</u></font>&#8221;),&#160; is entitled, at any time, and from time to time, on or prior to the Expiration Date (as defined below) to purchase from the Company, One Million Five Hundred Thousand (1,500,000) shares of Common Stock (each such share, a &#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Warrant Share</u></font>&#8221; and all such shares, the &#8220;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Warrant Shares</u></font>&#8221;) on the date of exercise (subject to adjustment as provided herein), all on the terms and conditions and pursuant to the provisions hereinafter set forth. The Original Warrant shall be surrendered and cancelled simultaneously with the issuance of this Warrant.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #010000; TEXT-ALIGN: center">ARTICLE I</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center"><u>DEFINITIONS</u></div>

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