Avatech Solutions, Inc. A Delaware Corporation CommonStock, Par Value $.01 per share Stock Purchase Warrant

Contract Categories: Business Finance - Warrant Agreements
EX-10.25 7 dex1025.htm EXHIBIT 10.25 Exhibit 10.25

EXHIBIT 10.25

 

W-100

  51,838 Shares

 

Avatech Solutions, Inc.

A Delaware Corporation

Common Stock, Par Value $.01 per share

Stock Purchase Warrant

 

W. James Hindman, or bearer of this warrant, is entitled, upon presentation of this Warrant and upon surrender of this warrant at the offices of the Company, to subscribe for, purchase and receive Fifty-One Thousand, Eight Hundred Thirty Eight (51,838) shares of the Company’s Common Stock for a purchase price of Forty-Five Cents ($.45) per share provided, however, no fractional shares will be issued. Upon such payment, the Company agrees to cause to be issued in the name of the registered holder, or his or her nominee, a certificate or certificates duly representing the shares so purchased.

 

In the event of the declaration and payment of share dividends by the Company on its Common Stock, or any split-up of the Common Stock, or recapitalization of the Company which changes the issued and outstanding shares of Common Stock, additional shares of the Company may be deliverable to the holder of this warrant upon the exercise of it without additional consideration, or the exercise price per share may be adjusted in the appropriate manner.

 

The purchase privilege herein contained shall expire on April 1, 2009.

 

Dated as of April 1, 2004.

 

Avatech Solutions, Inc.

By:

 

/s/ Donald R. Walsh


    Donald R. (Scotty) Walsh, CEO

 

E-47