SUB-URBAN BRANDS, INC. Convertible Note Due Date: as set forth hereinSub-Urban Brands, Inc. • August 24th, 2006 • Services-personal services
This Convertible Note (the “Note”) is issued by Sub-Urban Brands, Inc., a Nevada corporation (the “Obligor”), to Jdabbco, Inc. (the “Holder”), pursuant to that certain Securities Purchase Agreement (the “Securities Purchase Agreement”) of even date herewith. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Securities Purchase Agreement.
UNIT PURCHASE WARRANT To Purchase Shares of Common Stock and Warrants of SUB- URBAN BRANDS, INC.Sub-Urban • August 24th, 2006 • Sub-Urban Brands, Inc. • Services-personal services
THIS UNIT PURCHASE WARRANT (the “Unit Purchase Warrant”) certifies that, for value received, Jdabbco, Inc. (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 the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the 270th day after the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Sub-Urban Brands, Inc. a Nevada corporation (the “Company”), a Unit, consisting of 880,000 shares of Common Stock and a Warrant to purchase 440,000 shares of Common Stock of the Company (the “Common Stock”). Each Warrant included in the Unit shall be exercisable for a period of three years from their date of issuance at $0.50 per share and shall be identical to the warrants issued to the Holder on May 23, 2006 (the “May Warrants”). The purchase price of the Unit under this Unit Purchase Warrant shall be equal to the nu
COMMON STOCK PURCHASE WARRANT To Purchase __________ Shares of Common Stock of SUB-URBAN INDUSTRIES, INC.Sub-Urban • August 24th, 2006 • Sub-Urban Brands, Inc. • Services-personal services
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ___________________ (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 the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the three year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Sub-Urban Industries, Inc., a California corporation (the “Company”), up to _______________ shares (the “Warrant Shares”) of Common Stock, par value $______ per share, of the Company (the “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).
