SEC Contract Filing

Filing Date: 2024-06-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>sobr_ex102.htm
<DESCRIPTION>WARRANT
<TEXT>
<html><head><title>sobr_ex102.htm</title><!--Document created using EDGARMaster--></head><body style="TEXT-ALIGN: justify; FONT: 10pt times new roman; MARGIN-LEFT: 7%; MARGIN-RIGHT: 7%"><p style="MARGIN: 0px; text-align:right;"><strong>&nbsp; EXHIBIT 10.2</strong></p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in; text-align:justify;">NEITHER THIS SECURITY NOR THE SECURITIES FOR 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 &#8220;SECURITIES ACT&#8221;), 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 SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.&nbsp;&nbsp;THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.</p> <p style="MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="MARGIN: 0px; text-align:center;"><strong>COMMON STOCK PURCHASE WARRANT</strong></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;SOBR SAFE INC.</strong></p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:39%;vertical-align:top;"> <p style="text-align:left;margin:0px">Warrant Shares: 20,638,326</p></td> <td style="width:40%;vertical-align:top;"> <p style="text-align:right;margin:0px">Issue Date: June 4, 2024</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 1in; text-align:justify;">THIS COMMON STOCK PURCHASE WARRANT (the &#8220;<u>Warrant</u>&#8221;) certifies that, for value received, Armistice Capital Master Fund Ltd, or its assigns (the &#8220;<u>Holder</u>&#8221;) 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 that the Company obtains Stockholder Approval (the &#8220;<u>Initial Exercise Date</u>&#8221;) and on or prior to 5:00 p.m. (New York City time) on that date that is the five year anniversary of the Initial Exercise Date, provided that, if such date is not a Trading Day, the immediately following Trading Day (the &#8220;<u>Termination Date</u>&#8221;) but not thereafter, to subscribe for and purchase from SOBR Safe, Inc., a Delaware corporation (the &#8220;<u>Company</u>&#8221;), up to 20,638,326 shares (as subject to adjustment hereunder, the &#8220;<u>Warrant Shares</u>&#8221;) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in; text-align:justify;"><u>Section 1</u>. <u>Definitions</u>. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Purchase Agreement as defined in the Warrant Inducement Letter (the &#8220;<u>Purchase Agreement</u>&#8221;).</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0.75in; text-align:justify;">(a) &#8220;<u>Reverse Stock Split Amendment</u>&#8221; means the amendment to the Company&#8217;s articles of incorporation that effects the Reverse Stock Split.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0.75in; text-align:justify;">(b) &#8220;<u>Reverse Stock Split</u>&#8221; means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company&#8217;s filing of the Reverse Stock Split Amendment with the Secretary of State of the State of Delaware and the acceptance thereof.</p> <p style="MARGIN: 0px 0px 0px 0.75in; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px;">1</td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0.75in; text-align:justify;">(c) &#8220;<u>Reverse Stock Split Date</u>&#8221; means the date on which the Reverse Stock Split is consummated and deemed effective by the State of Delaware.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0.75in; text-align:justify;">(d) &#8220;<u>Shareholder Approval</u>&#8221; means the Company&#8217;s stockholder&#8217;s approval of the Reverse Stock Split and the Nasdaq Shareholder Approval.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0.75in; text-align:justify;">(e) &#8220;<u>Warrant Inducement Letter</u>&#8221; means that certain Warrant Inducement Letter dated June 4, 2024 between the Holder and the Company.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in; text-align:justify;"><u>Section 2</u>. <u>Exercise</u>.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0.5in; TEXT-INDENT: 0.5in; text-align:justify;">a) <u>Exercise of Warrant</u>. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Compan