Mutual Release (April 15th, 2009)
May 2, 2008 PERSONAL AND CONFIDENTIAL Great White Shark Enterprises LLC (May 8th, 2008)
Gps Industries, Inc. Stock Purchase Warrant (May 14th, 2007)
THIS CERTIFIES THAT, for value received, ________________or its registered assigns, is entitled to purchase from GPS INDUSTRIES, INC. a Nevada corporation (the "Company"), at any time and from time to time during the Exercise Period (as defined in Section 2 hereof), __________________________________fully paid and nonassessable shares of the Company's common stock, (the "Common Stock"), at an exercise price per share (the "Exercise Price") of $.122 (the "Warrant"). The number of shares of Common Stock purchasable hereunder (the "Warrant Shares") and the Exercise Price are subject to adjustment as provided in Section 4 hereof.