EXHIBIT 4.1
TELENETICS CORPORATION
STOCK PURCHASE WARRANT
THIS WARRANT entitles SMC COMMUNICATIONS GROUP, INC., a California
corporation, or its assign, to purchase, on or before October 31, 2002, One
Million Five Hundred Thousand (1,500,000) shares of fully paid, nonassessable
common stock of this corporation at $0.10 per share, upon exercise of this
Warrant together with presentation of the full exercise price, subject to the
conditions set forth herein.
This warrant may be exercised in whole or in part at any time prior to its
expiration. Upon a partial exercise of this warrant Telenetics Corporation
shall issue to SMC Communications Group, Inc. a new warrant on the terms and
conditions set forth herein for any remaining number of shares not purchased.
TELENETICS CORPORATION
/s/ XXXXXXX X. XXXXXX
By:___________________________________
Xxxxxxx X. Xxxxxx, President
TERMS AND CONDITIONS
1. While warrants are exercisable, this corporation shall reserve a
sufficient number of shares to provide for the delivery of stock pursuant to
this and other warrants.
2. Any change in the structure of this corporation or in its outstanding
stock that affect the rights and participation to which the holder hereof would
be entitled as of the date of exercising this warrant shall result in the
proportionate adjustment of the shares that may be purchased pursuant to this
warrant.
3. Until the valid exercise of this warrant, the holder shall not be
entitled to any stockholder rights.
4. To exercise this warrant, the exercise form below must be completed and
delivered to the warrant agent, together with the exercise price.
5. This warrant is transferable with the same effect as a negotiable
instrument. To transfer rights, the transfer form below must be completed.
EXERCISE OF WARRANT
I hereby irrevocably elect to exercise the purchase rights represented by
this warrant for the following shares of common stock, upon the terms and
subject to the conditions specified herein:
Shares subscribed for: _______________
Subscription price: $0.10/share
Total cost: $________________
Dated:
SMC COMMUNICATIONS GROUP, INC.
By:______________________________
Xxxxx Xxxxxxxx, President
TRANSFER OF WARRANT
For value received, I hereby assign this warrant to ________________________,
whose address is __________________________________________________.
Dated:
SMC COMMUNICATIONS GROUP, INC.
By:______________________________
Xxxxx Xxxxxxxx, President