Amendment to Warrant Agreement Between Augme Technologies, Inc. and Robert F. Hussey (June 29, 2012)
This amendment updates the terms of a warrant agreement between Augme Technologies, Inc. and Robert F. Hussey. The main change extends the period during which Mr. Hussey can purchase up to 250,000 shares of the company's common stock. Instead of expiring six months after June 15, 2012, the warrant now expires three years after that date. All other terms of the original agreement remain unchanged.
Exhibit 10.3
AMENDMENT TO WARRANT
DATED JUNE 15, 2012
The Warrant dated June 15, 2012 by and between Augme Technologies, Inc. a Delaware corporation (the Company), with its principal office at 350 7th Avenue, 2nd Floor, New York, N.Y. 10001, and Robert F. Hussey (the Holder) is hereby amended as follows with the remaining provisions of the Agreement remaining in full force and effect.
Termination Date: THIS WARRANT (the Warrant) certifies that, for value received, Robert F. Hussey (the Holder), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after June 15, 2012 (the Initial Exercise Date) and on or prior to the six-month anniversary of the Initial Exercise Date (the Termination Date), but not thereafter, to subscribe for and purchase from Augme Technologies, Inc., a Delaware corporation (the Company), up to 250,000 shares (the Warrant Shares) of common stock, $.0001 par value per share, of the Company (the Common Stock).
Is replaced with:
Termination Date: THIS WARRANT (the Warrant) certifies that, for value received, Robert F. Hussey (the Holder), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after June 15, 2012 (the Initial Exercise Date) and on or prior to the third-year anniversary of the Initial Exercise Date (the Termination Date), but not thereafter, to subscribe for and purchase from Augme Technologies, Inc., a Delaware corporation (the Company), up to 250,000 shares (the Warrant Shares) of common stock, $.0001 par value per share, of the Company (the Common Stock).
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its officer thereunto duly authorized.
Dated: | June 29, 2012 |
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| AUGME TECHNOLOGIES, INC. | |||
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| By: | /s/ Paul R. Arena | ||
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| Name: Paul R. Arena | ||
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| Title: Chief Executive Officer |