THE RIGHTS TO PURCHASE COMMON STOCK OF BRIDGELINE SOFTWARE, INC.
REPRESENTED BY THIS WARRANT AND ANY COMMON STOCK ISSUED UPON EXERCISE
HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "ACT"), OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, PLEDGED
OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT WITH
RESPECT TO SUCH TRANSFER OR DISPOSITION OF SUCH RIGHTS OR STOCK UNDER THE
ACT AND APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL
SATISFACTORY TO THE CORPORATION TO THE EFFECT THAT SUCH REGISTRATION IS NOT
COMMON STOCK PURCHASE WARRANT
THIS IS TO CERTIFY that, for value received, Sand Hill Finance, LLC, residing at 3000 Sand Hill Road,
Menlo Park, CA 94025 or any subsequent registered holder hereof (the "Holder"), is entitled to purchase from
BRIDGELINE SOFTWARE, INC., a Delaware corporation (the "Company"), at any time after the date hereof
(subject to the restrictions contained herein) and until 5:00 p.m., Eastern time, on the Expiration Date (as
defined), up to an aggregate of 9,600 fully paid and nonassessable shares of Common Stock (as defined) of the
Company at a purchase price per share equal to the Exercise Price (as defined).
1. Certain Definitions. As used herein the following terms, unless the context otherwise requires, have the
following respective meanings:
1.1 "Company" shall mean Bridgeline Software, Inc., and any corporation that shall succeed to or assume the
obligations of Bridgeline Software, Inc. hereunder.
1.2 "Common Stock" shall mean and include (i) the Company's Common Stock, par value $.001 per share, as
authorized on the date hereof, (ii) any other capital stock of any class or series (however designated) of the
Company, other than preferred stock authorized on or after the date hereof, the holders of which shall have the
right, without limitation as to amount, either to all or to a share of the balance of current dividends and liquidating
dividends after the payme