STOCK PURCHASE WARRANT To Purchase 125,000 Shares of Common Stock of ION NETWORKS INC.Stock Purchase Warrant • May 14th, 2009 • Clacendix, Inc. • Computer peripheral equipment, nec • New Jersey
THIS CERTIFIES that, for value received, Frank Russo (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 August 13, 2007, 2009 (the “Termination Date”) but not thereafter, to subscribe for and purchase from ION NETWORKS, Inc., a corporation incorporated in the State of Delaware, with offices at 120 Corporate Boulevard, South Plainfield, New Jersey 07080 (the “Company”), up to 125,000 shares (the “Warrant Shares”) of Common Stock, $0.001 par value, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall be $0.05. The Exercise Price and the number of shares for which the Warrant is exercisable shall be subject to adjustment as provided herein.
