The Santa Clara California Second Warrant Agreement by General Physics Corp. is a legally binding document that outlines the terms and conditions associated with the issuance of warrants by General Physics Corp. in Santa Clara, California. This agreement serves as a supplementary document to the initial warrant agreement and provides additional provisions and guidelines. Outlined within this agreement are specific details regarding the warrants issued by General Physics Corp. These warrants represent the right, but not the obligation, to buy a certain number of shares of the company's stock at a predetermined price and within a specified time frame. The Santa Clara California Second Warrant Agreement by General Physics Corp. aims to provide transparency and clarity regarding the exercise and redemption of warrants. In addition, this agreement delineates the various types of Santa Clara California Second Warrant Agreements offered by General Physics Corp. These may include: 1. Non-transferable warrants: These warrants are strictly non-transferable and can only be exercised by the original recipient. Transferability restrictions ensure that the warrants are held by eligible parties and minimize the potential for speculative trading. 2. Exercisable warrants: This type of warrant allows the holder to exercise their right to purchase the specified number of shares at the predetermined price outlined in the agreement. The agreement outlines the exercise period during which these warrants can be exercised. 3. Cashless exercise warrants: With cashless exercise warrants, the warrant holder can exercise their warrants without the need for an upfront cash payment. Instead, the warrant holder surrenders a portion of the underlying shares to cover the exercise price. 4. Adjustable warrants: Adjustable warrants have provisions that enable their terms to be adjusted based on various factors such as stock splits, dividends, or mergers and acquisitions. This provision ensures that the warrants maintain their economic value despite corporate actions. 5. Final term warrants: Final term warrants specify an expiration date after which the right to exercise the warrants becomes null and void. This type of warrant agreement provides a clear timeline for the warrant holder to exercise their rights and avoid potential losses. It is essential for all parties involved to review and understand the contents of the Santa Clara California Second Warrant Agreement to ensure compliance and manage their rights and obligations effectively.