Class C-1 Common Stock Purchase Warrant普通股认购权证

-43-ClassC-1CommonStockPurchaseWarrant普通股认购权证核心提示：THISWARRANTANDANYSHARESACQUIREDUPONTHEEXERCISEOFTHISWARRANTHAVENOTBEENREGISTEREDUNDERTHESECURITIESACTOF1933,ASAMENDED,ANDMAYNOTBETRANSFERRED,SOLDOROTHERWISEDISPOSEDOFEXCEPTPURSUANTTOANEFFECTIVEREGISTRATIONSTATTHISWARRANTANDANYSHARESACQUIREDUPONTHEEXERCISEOFTHISWARRANTHAVENOTBEENREGISTEREDUNDERTHESECURITIESACTOF1933,ASAMENDED,ANDMAYNOTBETRANSFERRED,SOLDOROTHERWISEDISPOSEDOFEXCEPTPURSUANTTOANEFFECTIVEREGISTRATIONSTATEMENTUNDERSAIDACTORONOPINIONOFCOUNSELSATISFACTORYTOTHECOMPANYTHATREGISTRATIONISNOTREQUIREDUNDERSAIDACT._________(PLACENAME)_________,_________,_________(M,D,Y)AAA,INC.,aDelawarecorporation(theCompany),forvaluereceived,herebycertifiesthatBBB,Inc.(BBB),oritsregisteredassigns,isentitledtopurchasefromtheCompany[**]dulyauthorized,validlyissued,fullypaidandnonassessableshares(theShares)ofCommonStockoftheCompany,parvalue$,_________pershare(theCommonStock),attheInitialWarrantPrice(asdefinedherein),allsubjecttotheterms,conditionsandadjustmentssetforthbelowinthisWarrant.ThisWarrantisoneoftheCommonStockPurchaseWarrants(theWarrants,suchtermtoincludeanywarrantsissuedinsubstitutiontherefor)originallyissuedinconnectionwiththeexecutionanddeliveryoftheAllianceAgreementdatedasof_________,_________,_________(M,D,Y)(asfromtimetotimeineffect,theAllianceAgreement)betweentheCompanyandBBB.CertaincapitalizedtermsusedinthisWarrantaredefinedinSection13hereof.[**]=RepresentsconfidentialinformationforwhichAAA,IncorporatedisseekingconfidentialtreatmentwiththeSecuritiesandExchangeCommission.SecuritiesandExchangeCommission.Asterisksdenoteomissions.1.VESTINGOFWARRANTS.1.1VESTINGAMOUNTSANDDATES.TheRevenueTargets,themaximumnumberofSharesastowhichtheWarrantmayvestandbecomeexercisableforeachTargetYear,andtheVestingDateforsuchSharesareasfollows:MaximumNumberTargetYearRevenueTargetofSharesVestedVestingDate____________________________________ThisWarrantwillvestandbecomeexercisableonanannualbasisasoftheVestingDateandbecomeexercisableforthefollowingwhichoccurduringsuchTargetYear:(i)uponthe[**]CompanyreceivingRevenuesequalto[**]oftheRevenueTargetforthecorrespondingTargetYear,thisWarrantshallvestandbecomeexercisablefor[**]ofthemaximumnumberofSharesastowhichtheWarrantmayvestandbecomeexercisableforsuchTargetYearasoftheVestingDateforsuchTargetYear(basedonthepercentagesetforthabove),and(ii)intheeventtheCompanyreceivesRevenuesinexcessof[**]ofsuchRevenueTarget,thisWarrantshallvestandbecomeexercisablefor[**]ofthemaximumnumberofSharesastowhichtheWarrantmayvestandbecomeexercisableforsuchTargetYear(basedonthepercentagesetforthabove).ThenumberofsharesofCommonStocksetforthaboveshallbeadjustedtotheextentandinthesamemannerastheaggregatenumberofSharesisadjustedundertheprovisionsofSections4and5hereof.1.2[**]1.3[**]1.4NOTICEOFVESTING.Withinsixty(60)daysaftertheendofeachoftheTargetYearsandtheCumulativeMake-UpPeriod,BBBwillprepareanddelivertotheCompany(a)arevenuestatement,preparedinaccordancewithgenerallyacceptedaccountingprinciples,settingouttheRevenuefortheperiod,togetherwithallappropriatesupportingdocumentationand(b)acomputationofthenumberofSharesthathavevestedandbecomeexercisableasoftheVestingDatewithrespecttosuchperiodinaccordancewiththetermshereof(theVestingNotice).1.5NOTICEOFOBJECTION.TheCompanyshallhaveten(10)BusinessDaysfromtheVestingNoticehavingbeengiveninaccordancewithSection15(theObjectionNoticePeriod)togiveBBBwrittennoticethattheCompanyobjectstoalloraportionofthevestingofthisWarrantassetforthintheVestingNotice(theObjectionNotice).AnyportionofthevestingsetforthintheVestingNoticeastowhichnoobjectionismadeshallbeimmediatelyvested.UponthegivingoftheObjectionNoticewithregardtoanyportionofthevestingastowhichanobjectionismade,theCompanyandBBBwillusereasonableeffortstoresolveanyobjections.IftheCompanyandBBBareunabletoresolvethedispute,theCompanyandBBBwilljointlyselectanaccountingfirmofnationalstandingtoresolvethedispute.IftheCompanyandBBBareunabletoagreeonthechoiceofsuchanaccountingfirm,theywillselectanaccountingfirmofnationalstandingbylotwhichhasnotprovidedservicestoeithertheCompanyorBBBduringtheprecedingtwenty-four(24)months(theAccountant)whichshalldeterminetheRevenuefortheperiod.TheAccountantshalldelivertoeachoftheCompanyandBBBitsdeterminationwithinten(10)BusinessDaysafterbeingselected,andthedeterminationoftheAccountantshallbebindingupontheCompanyandEDSCoNext.TheexpensesoftheAccountantshallbeborneequallybytheCompanyandBBB.AnyadditionalportionoftheWarrantthatshallvestasaresultof[**]theagreementoftheCompanyandBBBorthedeterminationoftheAccountantshallbevestedasoftheVestingDateforsuchsharesuponsuchagreementordetermination.1.6EXERCISEOFWARRANTFOLLOWINGSALEOFTHECOMPANY.IntheeventoftheconsummationofanytransactionwhichwouldresultintheholdersofCommonStockoranysharesofcommonstockreceivedinexchangefortheCommonStockreceivingcashornon-marketablesecurities,theWarrant,(i)astothatportionoftheWarrantthatisthenexercisable,shallbeexercisedpriortothecommencementofsuchtransaction,and(ii)[**]2.EXPIRATIONOFWARRANT.ThisWarrant,astoeachportionthereofthatvestsandbecomesexercisablepursuanttoSection1,shallexpireonthefifthanniversarydateoftheVestingDateforsuchexercisableportionoftheWarrant(theExpirationDate).TheWarrantshallceasetovestupontheterminationoftheAllianceAgreement.3.EXERCISEOFWARRANT.ThisWarrantshallonlybeexercisablewithrespecttoSharesastowhichtheWarranthasvestedandbecomeexercisablepursuanttothetermsofSections1and3hereof.3.1MANNEROFEXERCISE.ThisWarrantmayonlybeexercisedbytheholderhereof,inaccordancewiththetermsandconditionshereof,inwholeorinpartwithrespecttoanyvestedportionoftheWarrant,intosharesofCommonStock,duringnormalbusinesshoursonanyBusinessDayonorpriortotheExpirationDatewithrespecttosuchvestedportionoftheWarrant,bysurrenderofthisWarranttotheCompanyatitsofficemaintainedpursuanttoSection12.2(a)hereof,accompaniedbyanexercisenoticeinsubstantiallytheformattachedtothisWarrant(orareasonablefacsimilethereof)dulyexecutedbytheholder,andtheholdershallthereuponbeentitledtoreceiveanumberofdulyauthorized,validlyissued,fullypaidandnonassessablesharesofCommonStock(orOtherSecurities)equalto:(a)anamountequalto:(i)anamountequalto(x)thenumberofsharesofCommonStock(orOtherSecurities)determinedasprovidedinSections4and5hereofwhichtheholderwouldbeentitledtoreceiveuponexerciseofthisWarrantforthenumberofsharesofCommonStockdesignatedintheexercisenoticeMULTIPLIEDBY(y)theCurrentMarketPriceofeachshareofCommonStock(orOtherSecurities)soreceivableuponexerciseMINUS[**](ii)anamountequalto(x)thenumberofsharesofCommonStock(withoutgivingeffecttoanyadjustmentthereof)designatedintheexercisenoticeMULTIPLIEDBY(y)theInitialWarrantPriceDIVIDEDBY(b)theCurrentMarketPriceofeachshareofCommonStock(orOtherSecurities);PROVIDED,HOWEVER,thattheholdermaynotexercisethisWarrantforsharesofCommonStock(orOtherSecurities)until[**].3.2WHENEXERCISEEFFECTIVE.EachexerciseofthisWarrantshallbedeemedtohavebeeneffectedimmediatelypriortothecloseofbusinessontheBusinessDayonwhichthisWarrantshallhavebeensurrenderedtotheCompanyasprovidedinSection3.1hereof,andatsuchtimethePersonorPersonsinwhosenameornamesanycertificateorcertificatesforsharesofCommonStock(orOtherSecurities)shallbeissuableuponexerciseasprovidedinSection3.3hereofshallbedeemedtohavebecometheholderorholdersofrecordthereof.3.3DELIVERYOFSTOCKCERTIFICATES,ETC.AssoonaspracticableaftereachexerciseofthisWarrant,inwholeorinpart,andinanyeventwithinfifteen(15)BusinessDaysthereafter,theCompanyatitsexpense(includingthepaymentbyitofanyapplicableissuetaxes)willcausetobeissuedinthenameofanddeliveredtotheholderhereofor,subjecttoSection10hereof,astheholder(uponpaymentbytheholderofanyapplicabletransfertaxes)maydirect:(a)acertificateorcertificates(withappropriaterestrictivelegends,asapplicable)forthenumberofdulyauthorized,validlyissued,fullypaidandnonassessablesharesofCommonStock(orOtherSecurities)towhichtheholdershallbeentitleduponexerciseplus,inlieuofanyfractionalsharetowhichtheholderwouldotherwisebeentitled,cashinanamountequaltothesamefractionoftheMarketPricepershareontheBusinessDayimmediatelypriortothedateofexercise;and(b)incaseexerciseisinpartonly,anewWarrantofliketenor,datedthedatehereofandcallingintheaggregateonthefacethereofforthenumberofsharesofCommonStockequal(withoutgivingeffecttoanyadjustmentthereof)tothenumberofsharescalledforonthefaceofthisWarrantminusthenumberofsharesdesignatedbytheholderuponexerciseasprovidedinSection3.1hereof.3.4COMPANYTOREAFFIRMOBLIGATIONS.TheCompanywill,atthetimeofeachexerciseofthisWarrant,uponthewrittenrequestoftheholderhereof,acknowledgeinwritingitscontinuingobligationtoaffordtotheholderallrights(includingwithoutlimitationanyrightstoregistration,pursuanttotheRegistrationAgreementreferredtoinSection9hereof,ofthesharesofCommonStockorOtherSecuritiesissueduponexercise)towhichtheholdershallcontinuetobeentitledafterexerciseinaccordancewiththetermsofthisWarrant;PROVIDED,HOWEVER,thatif[**]theholderofthisWarrantshallfailtomakearequest,thefailureshallnotaffectthecontinuingobligationoftheCompanytoaffordtherightstosuchholder.4.ADJUSTMENTOFCOMMONSTOCKISSUABLEUPONEXERCISE.4.1GENERAL;NUMBEROFSHARES;WARRANTPRICE.ThenumberofsharesofCommonStockwhichtheholderofthisWarrantshallbeentitledtoreceiveuponeach-exercisehereofshallbedeterminedbymultiplyingthenumberofsharesofCommonStockwhichwouldotherwise(butfortheprovisionsofthisSection4)beissuableuponexercise,asdesignatedbytheholderhereofpursuanttoSection3.1hereof,bythefractionofwhich(a)thenumeratoristheInitialWarrantPriceand(b)thedenominatoristheWarrantPriceineffectonthedateofsuchexercise.TheWarrantPriceshallinitiallybetheInitialWarrantPrice,shallbeadjustedandre-adjustedfromtimetotimeasprovidedinthisSection4and,assoadjustedorre-adjusted,shallremainineffectuntilafurtheradjustmentorre-adjustmentthereofisrequiredbythisSection4.4.2TREATMENTOFSTOCKDIVIDENDS,STOCKSPLITS,ETC.IncasetheCompanyatanytimeorfromtimetotimeafterthedatehereofshalldeclareorpayanydividendontheCommonStockpayableinCommonStock,orshalleffectasubdivisionoftheoutstandingsharesofCommonStockintoagreaternumberofsharesofCommonStock(byreclassificationorotherwisethanbypaymentofadividendinCommonStock),then,andineachcase,subjecttoSection4.4hereof,theWarrantPriceshallbereduced,concurrentlywiththedividendorsubdivision,toapricedeterminedbymultiplyingtheWarrantPricebyafraction:(a)thenumeratorofwhichshallbethenumberofsharesofCommonStockoutstandingimmediatelypriortothedividendorsubdivision;and(b)thedenominatorofwhichshallbethenumberofsharesofCommonStockoutstandingimmediatelyafterthedividendorsubdivision.AdditionalsharesofCommonStockshallbedeemedtohavebeenissuedandtobeoutstanding(a)inthecaseofanydividend,immediatelyafterthecloseofbusinessontherecorddateforthedeterminationofholdersofanyclassofsecuritiesentitledtoreceivethedividend,or(b)inthecaseofanysubdivision,atthecloseofbusinessonthedayimmediatelypriortothedayuponwhichthecorporateactionbecomeseffective.AdditionalsharesofCommonStockdeemedtohavebeenissuedpursuanttothisSection4.2shallbedeemedtohavebeenissuedfornoconsideration.4.3ADJUSTMENTSFORCOMBINATIONS,ETC.IncasetheoutstandingsharesofCommonStockshallbecombinedorconsolidated,byreclassificationorotherwise,intoalessernumberofsharesofCommonStock,theWarrantPriceineffectimmediatelypriortothecombinationorconsolidationshall,concurrentlywiththeeffectivenessofsuchcombinationorconsolidation,beproportionatelyincreased.AdjustmentunderthisSection4.3shallbecomeeffectiveatthecloseofbusinessonthedayimmediatelypriortothedayuponwhichthecorporateactionbecomeseffective.[**]4.4MINIMUMADJUSTMENTOFWARRANTPRICE.IftheamountofanyadjustmentoftheWarrantPricerequiredpursuanttothisSection4wouldbelessthanone-tenth(1/10)ofonepercent(1%)oftheWarrantPriceineffectatthetimeoftheadjustmentisotherwisesorequiredtobemade,theamountshallbecarriedforwardandadjustmentwithrespecttheretomadeatthetimeofandtogetherwithanysubsequentadjustmentwhich,togetherwiththeamountandanyotheramountoramountssocarriedforward,shallaggregateatleastonetenth(1/10)ofonepercent(1%)oftheWarrantPrice.5.ADJUSTMENTSFORCONSOLIDATION,MERGER,SALEOFASSETS,REORGANIZATION,ETC.IncasetheCompanyafterthedatehereof(a)shallconsolidatewithormergeintoanyotherPersonandshallnotbethecontinuingorsurvivingcorporationfollowingtheconsolidationormerger,or(b)shallpermitanyotherPersontoconsolidatewithormergeintotheCompanyandtheCompanyshallbethecontinuingorsurvivingPersonbut,inconnectionwiththeconsolidationormerger,theCommonStockorOtherSecuritiesshallbechangedintoorexchangedforstockorothersecuritiesofanyotherPersonorcashoranyotherproperty,or(c)shalltransferallorsubstantiallyallofitspropertiesorassetstoanyotherPerson,or(d)shalleffectacapitalreorganizationorreclassificationoftheCommonStockorOtherSecuritiesthen,andinthecaseofeachsuchtransaction,properprovisionshallbemadesothat,uponthebasisandthetermsandinthemannerprovidedinthisWarrant,theholderofthisWarrant,upontheexercisehereofatanytimeaftertheconsummationofthetransaction,shallbeentitledtoreceive(attheaggregateWarrantPriceineffectatthetimeofsuchconsummationforallCommonStockorOtherSecuritiesissuableuponexerciseimmediatelypriortotheconsummation),inlieuoftheCommonStockorOtherSecuritiesissuableuponexercisepriortotheconsummation,thegreatestamountofsecurities,cashorotherpropertytowhichtheholderwouldactuallyhavebeenentitledasastockholderuponsuchconsummationiftheholderhadexercisedtherightsrepresentedbythisWarrant(totheextentthenexercisablepursuanttoSection1)immediatelypriorthereto,subjecttoadjustments(subsequenttotheconsummation)asnearlyequivalentaspossibletotheadjustmentsprovidedforinSections4and5hereof.6.NODILUTIONORIMPAIRMENT.TheCompanywillnot,byamendmentofitscertificateofincorporationorthroughanyconsolidation,merger,reorganization,transferofassets,dissolution,issueorsaleofsecuritiesoranyothervoluntaryaction,avoidorseektoavoidtheobservanceorperformanceofanyofthetermsofthisWarrant,butwillatalltimesingoodfaithassistinthecarryingoutofallofthetermsandinthetakingofallactionsnecessaryorappropriateinordertoprotecttherightsoftheholderofthisWarrant.Withoutlimitingthegeneralityoftheforegoing,theCompany(a)willnotpermittheparvalueofanysharesofstockreceivableupontheexerciseofthisWarranttoexceedtheamountpayablethereforuponexercise,(b)willtakeallactionsnecessaryorappropriateinorderthattheCompanymayvalidlyandlegallyissuefullypaidandnonassessablesharesofstockontheexerciseoftheWarrantand(c)willnottakeanyactionwhichresultsinanyadjustmentoftheWarrantPriceifthetotalnumberofsharesofCommonStock(orOtherSecurities)issuableaftertheactionupontheexerciseoftheWarrantwouldexceedthetotalnumberofsharesofCommonStock(orOtherSecurities)thenauthorizedbytheCompany’scertificateofincorporationandavailableforthepurposeofissuanceuponexercise.[**]7.CHIEFFINANCIALOFFICER’SREPORTASTOADJUSTMENTS.Inthecaseofanyadjustmentorre-adjustmentinthesharesofCommonStock(orOtherSecurities)issuableupontheexerciseofthisWarrant,theCompanyatitsexpensewillpromptlycomputetheadjustmentorre-adjustmentinaccordancewiththetermsofthisWarrantand,ifrequestedbytheholder,causeitsChiefFinancialOfficertocertifythecomputation(otherthananycomputationofthefairvalueofpropertyasdeterminedingoodfaithbytheBoardofDirectorsoftheCompany)andprepareareportsettingforththeadjustmentorre-adjustmentandshowinginreasonabledetailthemethodofcalculationthereofandthefactsuponwhichtheadjustmentorre-adjustmentisbased,includingastatementof(a)thenumberofsharesofCommonStockoutstandingordeemedtobeoutstandingand(b)theWarrantPriceineffectimmediatelypriortothedeemedissuanceorsaleandasadjustedandre-adjusted(ifrequiredbySection4hereof)onaccountthereof.TheCompanywillforthwithmailacopyofeachreporttoeachholderofaWarrantandwill,uponthewrittenrequestatanytimeofanyholderofaWarrant,furnishtotheholderalikereportsettingforththeWarrantPriceatthetimeineffectandshowinginreasonabledetailhowitwascalculated.TheCompanywillalsokeepcopiesofallreportsatitsofficemaintainedpursuanttoSection12.2(a)hereofandwillcausethemtobeavailableforinspectionattheofficeduringnormalbusinesshoursuponreasonablenoticebyanyholderofaWarrantoranyprospectivepurchaserofaWarrantdesignatedbytheholderthereof.8.REPRESENTATIONASTONUMBEROFOUTSTANDINGSHARES.TheCompanyrepresentsandwarrantstoBBBthat,asof_________,_________,_________(M,D,Y),therewereissuedandoutstanding_________sharesofCommonStock(aftergivingeffecttothestockdividendpaidon_________,_________,_________(M,D,Y)),includingthenumberofsharesofCommonStockissuableupontheexerciseofalloutstandingoptionsandwarrants,calculatedusingthetreasurystockmethod.Otherthanthestockdividendpaidon_________,_________,_________(M,D,Y),from_________,_________,_________(M,D,Y)untilthedatehereof,noeventhasoccurredwhichwouldhaveresultedinanyadjustmentpursuanttoSections4or5hereof.9.REGISTRATIONOFCOMMONSTOCK.ThesharesofCommonStock(andOtherSecurities)issuableuponexerciseofthisWarrantshallconstituteRegistrableSecurities(assuchtermisdefinedintheRegistrationAgreement).TheoriginalholderofthisWarrant,andanyvalidtransfereesthereofpursuanttotheRegistrationAgreement,shallbeentitledtoallofthebenefitsaffordedtoaholderofanyRegistrableSecuritiesundertheRegistrationAgreementandsuchholder,byitsacceptanceofthisWarrant,agreestobeboundbyandtocomplywiththetermsandconditionsoftheRegistrationAgreementapplicabletotheholderasaholderofRegistrableSecurities.AtanytimewhentheCommonStockislistedonanynationalsecuritiesexchange,theCompanywill,atitsexpense,obtainpromptlyandmaintaintheapprovalforlistingoneachexchange,uponofficialnoticeofissuance,anysharesofCommonStockissueduponexerciseofthethenoutstandingWarrantsandmaintainthelistingofthesharesaftertheirissuance;andtheCompanywillalsolistonsuchnationalsecuritiesexchange,willregisterundertheExchangeActandwillmaintainthelistingofanyOtherSecuritiesthatatanytimeareissueduponexerciseoftheWarrants,ifandatthetimethatanysecuritiesofthesameclassshallbelistedonanationalsecuritiesexchangebytheCompany.[**]10.RESTRICTIONSONTRANSFER.10.1RESTRICTIVELEGENDS.ThisWarrantandeachWarrantissuedupontransferorinsubstitutionforthisWarrantpursuanttoSection12,eachcertificateforCommonStock(orOtherSecurities)issuedupontheexerciseofanyWarrantandeachcertificateissueduponthetransferofanysuchCommonStock(orOtherSecurities)shallbetransferableonlyuponsatisfactionoftheconditionsspecifiedinthisSection10andSection12.4.EachoftheforegoingsecuritiesshallbestampedorotherwiseimprintedwithalegendreflectingtherestrictionsontransfersetforthinSections10and12.4hereofandanyrestrictionsrequiredundertheSecuritiesAct.10.2NOTICEOFPROPOSEDTRANSFER,OPINIONOFCOUNSEL.PriortoanytransferofanyRestrictedSecuritieswhicharenotregisteredunderaneffectiveregistrationstatementundertheSecuritiesAct,theholderthereofwillgivewrittennoticetotheCompanyoftheholder’sintentiontoeffectatransferandtocomplyinallotherrespectswiththisSection10.2.Eachnotice(a)shalldescribethemannerandcircumstancesoftheproposedtransfer,and(b)shalldesignatecounselfortheholdergivingthenotice(whomaybein-housecounselfortheholder).Theholdergivingnoticewillsubmitacopythereoftothecounseldesignatedinthenotice.Thefollowingprovisionsshallthenapply:(a)IfintheopinionofcounselfortheholderreasonablysatisfactorytotheCompanytheproposedtransfermaybeeffectedwithoutregistrationofRestrictedSecuritiesundertheSecuritiesAct(whichopinionshallstatethebasisofthelegalconclusionsreachedtherein),theholdershallthereuponbeentitledtotransfertheRestrictedSecuritiesinaccordancewiththetermsofthenoticedeliveredbytheholdertotheCompany.EachcertificaterepresentingtheRestrictedSecuritiesissueduponorinconnectionwithanytransfershallbeartherestrictivelegendsrequiredbySection10.1hereof.(b)Iftheopinioncalledforin(i)aboveisnotdelivered,theholdershallnotbeentitledtotransfertheRestrictedSecuritiesuntileither(x)receiptbytheCompanyofafurthernoticefromsuchholderpursuanttotheforegoingprovisionsofthisSection10.2andfulfillmentoftheprovisionsofclause(i)aboveor(y)suchRestrictedSecuritieshavebeeneffectivelyregisteredundertheSecuritiesAct.NotwithstandinganyotherprovisionofthisSection10,noopinionofcounselshallbenecessaryforatransferofRestrictedSecuritiesbytheholderthereoftoanAffiliateofaholder,ifthetransfereeagreesinwritingtobesubjecttothetermshereoftothesameextentasifthetransfereeweretheoriginalPurchaserhereofandsuchtransferispermittedunderapplicablesecuritieslaws.10.3TERMINATIONOFRESTRICTIONS.TherestrictionsimposedbythisSection10uponthetransferabilityofRestrictedSecuritiesshallceaseandterminateastoanyparticularRestrictedSecurities(a)whichRestrictedSecuritiesshallhavebeeneffectivelyregisteredunderthe[**]SecuritiesAct,or(b)when,intheopinionsofbothcounselfortheholderthereofandcounselfortheCompany,suchrestrictionsarenolongerrequiredinordertoinsurecompliancewiththeSecuritiesActorSection12hereof.WheneversuchrestrictionsshallceaseandterminateastoanyRestrictedSecurities,theholderthereofshallbeentitledtoreceivefromtheCompany,withoutexpense(otherthanapplicabletransfertaxes,ifany),newsecuritiesofliketenornotbearingtheapplicablelegendsrequiredbySection10.1hereof.11.RESERVATIONOFSTOCK,ETC.TheCompanywillatalltimesreserveandkeepavailable,solelyforissuanceanddeliveryuponexerciseoftheWarrant,thenumberofsharesofCommonStockofeachclass(orOtherSecurities)fromtimetotimeissuableuponexerciseoftheWarrantatthetimeoutstanding.AllsharesofCommonStock(orOtherSecurities)issuableuponexerciseoftheWarrantshallbedulyauthorizedand,whenissueduponexercise,shallbevalidlyissuedand,inthecaseofshares,fullypaidandnonassessable.12.OWNERSHIP,TRANSFERANDSUBSTITUTIONOFWARRANT.12.1OWNERSHIPOFWARRANT.TheCompanymaytreatthepersoninwhosenamethisWarrantisregisteredontheregisterkeptattheofficeoftheCompanymaintainedpursuanttoSection12.2(a)hereofastheownerandholderthereofforallpurposes,notwithstandinganynoticetothecontrary,exceptthat,ifandwhenanyWarrantisproperlyassignedinblank,theCompanymay(butshallnotbeobligatedto)treatthebearerthereofastheownerofsuchWarrantforallpurposes,notwithstandinganynoticetothecontrary.SubjecttoSection10hereof,thisWarrant,ifproperlyassigned,maybeexercisedbyanewholderwithoutanewWarrantfirsthavingbeenissued.12.2OFFICE;TRANSFERANDEXCHANGEOFWARRANT.(a)TheCompanywillmaintainanoffice(whichmaybeanagencymaintainedatabank)inMountainView,Californiawherenotices,presentationsanddemandsinrespectofthisWarrantmaybemadeuponit.Theofficeshallbemaintainedat1565CharlestonRoad,MountainView,California94043untiltheCompanynotifiestheholdersoftheWarrantofanychangeoflocationoftheoffice.(b)TheCompanyshallcausetobekeptatitsofficemaintainedpursuanttoSection12.2(a)hereofaregisterfortheregistrationandtransferoftheWarrant.ThenamesandaddressesofholdersoftheWarrant,thetransfersthereofandthenamesandaddressesoftransfereesoftheWarrantshallberegisteredinsuchregister.ThePersoninwhosenameanyWarrantshallbe