AMENDMENT TO COMMON STOCK PURCHASE WARRANT OF ARTES MEDICAL, INC. (Issued in Connection with Services Provided)
EXHIBIT 4.13
AMENDMENT TO COMMON STOCK PURCHASE WARRANT
OF ARTES MEDICAL, INC.
(Issued in Connection with Services Provided)
OF ARTES MEDICAL, INC.
(Issued in Connection with Services Provided)
This Amendment dated as of June 23, 2006 (this “Amendment”), to each of the Common Stock
Purchase Warrants (each, a “Warrant” and collectively, the “Warrants”) for the purchase of shares
of Common Stock of Artes Medical, Inc. (the “Company”) listed on Exhibit A hereto, is made
by and between the Company and each of the holders of one or more Warrants listed on Exhibit
A (each, a “Holder” and collectively, the “Holders”).
RECITALS
Whereas, pursuant to the Preamble of each Warrant, each of the Warrants expires and
ceases to be exercisable on the earlier of (i) 5:00 P.M. Pacific Standard Time, on the date set
forth under “Original Expiration Date” on Exhibit A hereto or (ii) the closing of (a) the
sale, lease, transfer or conveyance of all or substantially all of the assets of the Company, (b) a
consolidation of the Company with, or merger of the Company with or into, any person (including any
individual, partnership, joint venture, corporation, trust or group thereof) other than a
consolidation or merger by the Company with a subsidiary of the Company in which the Company is the
continuing entity or (c) the initial underwritten public offering of the Company’s common stock;
Whereas, pursuant to Section 3 of each Warrant, each Holder is entitled to exercise
such Holder’s Warrant through a “cashless exercise” feature by converting the Warrant into Warrant
Shares (as defined in each of the Warrants) at any time or from time to time during the exercise
period, the number of Warrant Shares to be computed using the Net Issuance formula provided in
Section 3.1 of the Warrant; and
Whereas, the Company and each of the Holders desire to amend the Warrants held by the
Holders as set forth below.
AGREEMENT
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
1. Amendment to Preamble. The first paragraph of the Preamble of each of the Warrants
is hereby amended and restated in its entirety to read as follows:
“Artes Medical USA, Inc., a Delaware corporation (the “Company”), hereby certifies that, for
value received, (including any successors and assigns, “Holder”), is entitled
immediately upon or after the date hereof, and subject to the terms set forth below, to purchase
from the Company at any time or from time to time before the earlier of (i) 5:00 P.M. Pacific
Standard Time, on March 15, 2007 or (ii) the closing of (a) the sale, lease, transfer or conveyance
of all or substantially all of the assets of the Company or (b) a consolidation of the Company
with, or merger of the Company with or into, any person
(including any individual, partnership, joint venture, corporation, trust or group thereof)
other than a consolidation or merger by the Company with a subsidiary of the Company in which the
Company is the continuing entity (the earlier to occur of (i) or (ii) the “Expiration Date”), fully
paid and nonassessable shares of the Company’s Common Stock (the “Warrant Shares”), with the number
and character of the Warrant Shares and the exercise price of the Warrant Shares to be determined
as follows:”
2. Amendment to Section 3. Section 3 of each of the Warrants is hereby deleted in its
entirety.
3. Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the State of California as applied to agreements among California residents,
entered into and to be performed entirely within California.
4. Successors and Assigns. This Amendment shall be binding upon, and inure to the
benefit of, the parties hereto, their respective successors and legal representatives and their
permitted assigns.
5. Warrant Terms to Remain in Effect. Except as specifically otherwise modified
herein, each Warrant as previously executed remains in full force and effect.
6. Effectiveness. This Amendment shall become effective as to each of the Warrants
upon the execution and delivery by each Holder of a Warrant Holder Election Form in the form
provided by the Company to the Holder with respect to the applicable Warrant, indicating such
Holder’s agreement to be bound by this Amendment. Each Warrant so amended by this Amendment shall
be listed on Exhibit A.
7. Counterparts. This Amendment may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same
instrument.
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Acknowledged and agreed: | ARTES MEDICAL, INC., a Delaware corporation |
|||||
By: | ||||||
Name: | ||||||
Title: | ||||||
[Signature Page to Amendment to Common Stock Purchase Warrant]
EXHIBIT A
WARRANT HOLDERS
Number of Shares | ||||||||||||
Underlying | Original | |||||||||||
Name of Warrant Holder | Warrant | Exercise Price | Expiration Date | |||||||||
Xxxxxxxx Xxxxxxxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxx Xxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxxxxxxx Xxxxxxxx |
650,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxxxxxxx Xxxxxxxx |
150,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxx Xxxxxx |
75,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxx Xxxxxx |
50,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxx |
10,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxx |
10,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxx Xxxxxxxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxx Xxxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxx Xxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxxxxx, MD |
150,000 | $ | 1.00 | 03/15/07 | ||||||||
Miles Graivier |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxx Xxxxxxx |
40,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxx Xxxxxxx |
30,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxxxx |
25,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxx Xxxxx, MD |
150,000 | $ | 1.00 | 03/15/07 | ||||||||
Xxxxxx Xxxxx, MD |
75,000 | $ | 1.25 | 03/15/07 | ||||||||
Xxxxxxx Xxxxxx |
25,000 | $ | 2.00 | 03/15/07 |