SECURITIES PURCHASE AGREEMENT between TRANS-LUX CORPORATION and RETOP INDUSTRIAL (HONG KONG) LIMITED dated as of June 27, 2014Securities Purchase Agreement • June 30th, 2014 • Trans Lux Corp • Miscellaneous manufacturing industries • New York
WARRANTTrans Lux Corp • June 30th, 2014 • Miscellaneous manufacturing industries • New York
THIS WARRANT (the “Warrant”) certifies that, for value received, Retop Industrial (Hong Kong) Limited (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, (A) at any time on or after the initial exercise date hereof (the “Initial Exercise Date”) , and (B) on or prior to the close of business on the two-year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Trans-Lux Corporation, a Delaware corporation (the “Company”), up to 33,333 shares (as subject to adjustment hereunder, the “Warrant Shares”) of the Company’s common stock, par value $.001 per share (“Common Stock”) of the Company. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 1(b).
