The Kings New York Second Warrant Agreement by General Physics Corp. is a legal document that outlines the terms and conditions related to the issuance and exercise of warrants by General Physics Corp. The agreement is specifically tailored for investors located in the state of New York. This warrant agreement serves as a supplement to the initial agreement and provides additional provisions and guidelines for the warrant process. It is designed to protect the rights of both General Physics Corp. and the warrant holders, ensuring a fair and transparent process for exercising warrants. Some key terms and elements covered in the Kings New York Second Warrant Agreement include: 1. Exercise Price: The agreement specifies the predetermined price at which warrant holders can purchase the underlying securities during the exercise period. 2. Exercise Period: This refers to the timeframe within which warrant holders can exercise their warrants to acquire the underlying securities. The agreement denotes the start and end dates of the exercise period. 3. Number of Warrants: The agreement states the number of warrants issued by General Physics Corp. and the rights and obligations associated with them. 4. Warrant Conversion: If the warrant holder exercises their warrants, the agreement outlines the process of converting warrants into the corresponding number of shares or other securities. 5. Anti-Dilution Provisions: The agreement may include clauses that protect the warrant holder from potential dilution of their ownership stake due to subsequent issuance by General Physics Corp. 6. Representations and Warranties: Both parties involved in the agreement make certain representations and warranties regarding the validity of the warrant issuance and exercise process. 7. Governing Law and Jurisdiction: The agreement specifies the applicable laws of the state of New York and the jurisdiction in which any disputes arising from the agreement will be resolved. It's important to note that while the Kings New York Second Warrant Agreement specifically caters to New York state investors, there may be variations or different versions of the agreement based on the needs of General Physics Corp. or specific regulatory requirements. However, the overall purpose and structure of these agreements remain relatively similar across different jurisdictions.