Contract
Exhibit
4.4
THIS
WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN ACQUIRED
FOR
INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAW. THIS WARRANT AND SUCH
SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE PLEDGED, TRANSFERRED OR
HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION OR DELIVERY OF AN OPINION
OF
COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH
OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE WITH THE
ACT
OR UNLESS SOLD IN FULL COMPLIANCE WITH RULE 144 UNDER THE ACT.
ZIOPHARM,
INC.
Warrant
for the Purchase of Shares of
Common
Stock
|
No. SRI
- 1
|
125,000 Shares
|
FOR
VALUE
RECEIVED, ZIOPHARM, INC., a Delaware corporation (the “Company”),
hereby certifies that Paramount
Biocapital Investments, LLC,
its
designee or its permitted assigns is entitled to purchase from the Company,
at
any time or from time to time commencing on December 23, 2004 and prior to
5:00
P.M., New York City time, on December 23, 2011 (the “Exercise
Period”),
fully
paid and non-assessable shares of common stock, $0.001 par value per share,
of
the Company for a purchase price per share of $2.38. Hereinafter, (i) said
common stock, $0.001 par value per share, of the Company, is referred to as
the
"Common
Stock";
(ii)
the shares of the Common Stock (subject to adjustment as set forth herein)
purchasable hereunder or under any other Warrant (as hereinafter defined) are
referred to as the “Warrant
Shares”;
(iii)
the aggregate purchase price payable for the Warrant Shares purchasable
hereunder is referred to as the “Aggregate
Warrant Price”;
(iv)
the price payable (initially $2.38 per share subject to adjustment as set forth
herein) for each of the Warrant Shares hereunder is referred to as the
“Per
Share Warrant Price”;
(v)
this Warrant, any similar Warrants issued on the date hereof and any warrants
hereafter issued in exchange or substitution for this Warrant or such similar
Warrants are referred to as the “Warrants”;
(vi)
the holder of this Warrant is referred to as the “Holder”
and the
holder of this Warrant and all other Warrants and Warrant Shares are referred
to
as the “Holders”
and
Holders of more than fifty percent (50%) of the Warrant Shares then issuable
upon exercise of then outstanding Warrants are referred to as the “Majority
of the Holders”;
and
(vii) the then “Current
Market Price”
per
share of the Common Stock shall be deemed to be the last reported sale price
of
the Common Stock on the Trading Day (as defined below) immediately prior to
such
date or, in case no such reported sales take place on such day, the average
of
the last reported bid and asked prices of the Common Stock on such day, in
either case on the principal national securities exchange on which the Common
Stock is admitted to trading or listed, or if not listed or admitted to trading
on any such exchange, the representative closing sale price of the Common Stock
as reported by the National Association of Securities Dealers, Inc. Automated
Quotations System (“NASDAQ”),
or
other similar organization if NASDAQ is no longer reporting such information,
or, if the Common Stock is not reported on NASDAQ, the per share sale price
for
the Common Stock in the over-the-counter market as reported by the National
Quotation Bureau or similar organization, or if not so available, the fair
market value of the Common Stock as determined in good faith by the Company’s
Board of Directors. A “Trading
Day”
shall
mean any day on which shares of the Company’s Common Stock are sold, or eligible
for sale, on the respective exchange, quotation system or over-the-counter
market. The Aggregate Warrant Price is not subject to adjustment.
This
Warrant, together with any warrants of like tenor, constituting in the aggregate
Warrants to purchase 125,000 Warrant Shares, was originally issued pursuant
to a
Finders
Agreement dated as of December 23, 2004 (the “Finders
Agreement”)
between the Company and the Holder.
1. Exercise
of Warrant.
(a) This
Warrant may be exercised in whole at any time, or in part from time to time,
by
the Holder during the Exercise Period:
(i) by
the
surrender of this Warrant (with the subscription form at the end hereof duly
executed) at the address set forth in subsection 9(a) hereof, together with
proper payment of the Aggregate Warrant Price, or the proportionate part
thereof
if this Warrant is exercised in part, with payment for the Warrant Shares
made
by certified or official bank check payable to the order of, or wire transfer
of
immediately available funds to, the Company; or
(ii) by
the
surrender of this Warrant (with the cashless exercise form at the end hereof
duly executed) (a “Cashless
Exercise”)
at the
address set forth in subsection 9(a) hereof. Such presentation and surrender
shall be deemed a waiver of the Holder's obligation to pay the Aggregate
Warrant
Price, or the proportionate part thereof if this Warrant is exercised in
part.
In the event of a Cashless Exercise, the Holder shall exchange its Warrant
for
that number of Warrant Shares subject to such Cashless Exercise multiplied
by a
fraction, the numerator of which shall be the difference between the then
Current Market Price and the Per Share Warrant Price, and the denominator
of
which shall be the then Current Market Price. For purposes of any computation
under this subsection 1(a), the then Current Market Price shall be based
on the
Trading Day immediately preceding such Cashless Exercise.
(b) If
this
Warrant is exercised in part, this Warrant must be exercised for a number
of
whole shares of the Common Stock and the Holder is entitled to receive a
new
Warrant covering the Warrant Shares that have not been exercised and setting
forth the proportionate part of the Aggregate Warrant Price applicable to
such
Warrant Shares. Upon surrender of this Warrant in connection with the exercise
of this Warrant pursuant to the terms hereof, the Company will (i) issue
a
certificate or certificates in the name of the Holder for the largest number
of
whole shares of the Common Stock to which the Holder shall be entitled upon
such
exercise and, if this Warrant is exercised in whole, in lieu of any fractional
share of the Common Stock to which the Holder shall be entitled, pay to the
Holder cash in an amount equal to the fair value of such fractional share
(determined in such reasonable manner as the Board of Directors of the Company
shall determine), and (ii) deliver the other securities and properties
receivable upon the exercise of this Warrant, or the proportionate part thereof,
if this Warrant is exercised in part, pursuant to the provisions of this
Warrant.
2
2. Reservation
of Warrant Shares; Listing.
The
Company agrees that, prior to the expiration of this Warrant, the Company
shall
at all times (a) have authorized and in reserve, and shall keep available,
solely for issuance and delivery upon the exercise of this Warrant, the shares
of the Common Stock and other securities and properties as from time to time
shall be receivable upon the exercise of this Warrant, free and clear of
all
restrictions on sale or transfer, other than under Federal or state securities
laws, and free and clear of all preemptive rights and rights of first refusal
and (b) if the Company hereafter lists its Common Stock on any national
securities exchange, the NASDAQ National Market or the NASDAQ Smallcap Market,
use its commercially reasonable efforts to keep the Warrant Shares authorized
for listing on such exchange upon notice of issuance.
3. Certain
Adjustments.
(a) In
case
the Company shall hereafter (i) pay a dividend or make a distribution on
its
Common Stock in shares of Common Stock, (ii) subdivide its outstanding shares
of
Common Stock into a greater number of shares, (iii) combine or reverse-split
its
outstanding shares of Common Stock into a smaller number of shares or (iv)
issue
by reclassification of its Common Stock any shares of capital stock of the
Company, then the Per Share Warrant Price and the number of Warrant Shares
shall
forthwith be proportionately decreased and increased, respectively, in the
case
of a subdivision, distribution or stock dividend, or proportionately increased
and decreased, respectively, in the case of a combination or reverse stock
split. The Aggregate Warrant Price payable for the then total number Warrant
Shares available for exercise under this Warrant shall remain the same.
Adjustments made pursuant to this subsection 3(a) shall become effective
on the
record date in the case of a dividend or distribution, and shall become
effective immediately after the effective date in the case of a subdivision,
combination or reclassification. If such dividend, distribution, subdivision
or
combination is not consummated in full, the Per Share Warrant Price and Warrant
Shares shall be readjusted accordingly.
(b) In
case
of any capital reorganization or reclassification, or any consolidation or
merger to which the Company is a party other than a merger or consolidation
in
which the Company is the continuing corporation, or in case of any sale or
conveyance to another entity of all or substantially all of the assets of
the
Company, or in the case of any statutory exchange of securities with another
corporation (including any exchange effected in connection with a merger
of a
third corporation into the Company but excluding any exchange of securities
or
merger with another corporation in which the Company is a continuing corporation
and that does not result in any reclassification of or similar change in
the
Common Stock), the Holder of this Warrant shall have the right thereafter
to
receive on the exercise of this Warrant the kind and amount of securities,
cash
or other property which the Holder would have owned or have been entitled
to
receive immediately after such reorganization, reclassification, consolidation,
merger, statutory exchange, sale or conveyance had this Warrant been exercised
immediately prior to the effective date of such reorganization,
reclassification, consolidation, merger, statutory exchange, sale or conveyance
and in any such case, if necessary, appropriate adjustment shall be made
in the
application of the provisions set forth in this Section 3 with respect to
the
rights and interests thereafter of the Holder of this Warrant to the end
that
the provisions set forth in this Section 3 shall thereafter correspondingly
be
made applicable, as nearly as may reasonably be, in relation to any shares
of
stock or other securities or property thereafter deliverable on the exercise
of
this Warrant. The above provisions of this subsection 3(b) shall similarly
apply
to successive reorganizations, reclassifications, consolidations, mergers,
statutory exchanges, sales or conveyances. The Company shall require the
issuer
of any shares of stock or other securities or property thereafter deliverable
on
the exercise of this Warrant to be responsible for all of the agreements
and
obligations of the Company hereunder. A sale of all or substantially all
of the
assets of the Company for a consideration consisting primarily of securities
shall be deemed a consolidation or merger for the foregoing
purposes.
3
(c) No
adjustment in the Per Share Warrant Price shall be required unless such
adjustment would require an increase or decrease of at least $0.01 per share
of
Common Stock; provided,
however,
that
any adjustments which by reason of this subsection 3(c) are not required
to be
made shall be carried forward and taken into account in any subsequent
adjustment; provided,
further,
however, that adjustments shall be required and made in accordance with the
provisions of this Section 3 (other than this subsection 3(c)) not later
than
such time as may be required in order to preserve the tax-free nature of
a
distribution, if any, to the Holder of this Warrant or Common Stock issuable
upon the exercise hereof. All calculations under this Section 3 shall be
made to
the nearest cent or to the nearest 1/100th of a share, as the case may be.
Anything in this Section 3 to the contrary notwithstanding, the Company shall
be
entitled to make such reductions in the Per Share Warrant Price, in addition
to
those required by this Section 3, as it in its discretion shall deem to be
advisable in order that any stock dividend, subdivision of shares or
distribution of rights to purchase stock or securities convertible or
exchangeable for stock hereafter made by the Company to its stockholders
shall
not be taxable.
(d) Whenever
the Per Share Warrant Price is adjusted as provided in this Section 3 and
upon
any modification of the rights of a Holder of Warrants in accordance with
this
Section 3, the Company shall promptly prepare a brief statement of the facts
requiring such adjustment or modification and the manner of computing the
same
and cause copies of such certificate to be mailed to the Holders of the
Warrants. The Company may, but shall not be obligated to unless requested
by a
Majority of the Holders, obtain, at its expense, a certificate of a firm
of
independent public accountants of recognized standing selected by the Board
of
Directors (who may be the regular auditors of the Company) setting forth
the Per
Share Warrant Price and the number of Warrant Shares in effect after such
adjustment or the effect of such modification, a brief statement of the facts
requiring such adjustment or modification and the manner of computing the
same
and cause copies of such certificate to be mailed to the Holders of the
Warrants.
(e) If
the
Board of Directors of the Company shall declare any dividend or other
distribution with respect to the Common Stock other than a cash distribution
out
of earned surplus, the Company shall mail notice thereof to the Holders of
the
Warrants not less than ten (10) days prior to the record date fixed
for
determining stockholders entitled to participate in such dividend or other
distribution.
4
(f) If,
as a
result of an adjustment made pursuant to this Section 3, the Holder of any
Warrant thereafter surrendered for exercise shall become entitled to receive
shares of two or more classes of capital stock or shares of Common Stock
and
other capital stock of the Company, the Board of Directors (whose determination
shall be conclusive and shall be described
in a written notice to the Holder of any Warrant promptly after such adjustment)
shall determine,
in good
faith,
the
allocation of the adjusted Per Share Warrant Price between or among shares
or
such classes of capital stock or shares of Common Stock and other capital
stock.
(g) Upon
the
expiration of any rights, options, warrants or conversion privileges with
respect to the issuance of which an adjustment to the Per Share Warrant Price
had been made, if such option, right warrant or conversion shall not have
been
exercised, the number of Warrant Shares purchasable upon exercise of this
Warrant, to the extent this Warrant has not then been exercised, shall, upon
such expiration, be readjusted and shall thereafter be such as they would
have
been had they been originally adjusted (or had the original adjustment not
been
required, as the case may be) on the basis of (A) the fact that Common Stock,
if
any, actually issued or sold upon the exercise of such rights, options, warrants
or conversion privileges, and (B) the fact that such shares of Common Stock,
if
any, were issued or sold for the consideration actually received by the Company
upon such exercise plus the consideration, if any, actually received by the
Company for the issuance, sale or grant of all such rights, options, warrants
or
conversion privileges whether or not exercised; provided,
however,
that no
such readjustment shall have the effect of decreasing the number of Warrant
Shares purchasable upon exercise of this Warrant by an amount in excess of
the
amount of the adjustment initially made in respect of the issuance, sale
or
grant of such rights, options, warrants or conversion privileges.
(h) In
case
any event shall occur as to which the other provisions of this Section 3
are not
strictly applicable but as to which the failure to make any adjustment would
not
fairly protect the purchase rights represented by this Warrant in accordance
with the essential intent and principles of the adjustments set forth in
this
Section 3 then, in each such case, the Board of Directors of the Company
shall
in good faith determine the adjustment, if any, on a basis consistent with
the
essential intent and principles established herein, necessary to preserve
the
purchase rights represented by the Warrants. Upon such determination, the
Company will promptly mail a copy thereof to the Holder of this Warrant and
shall make the adjustments described therein.
4. Fully
Paid Stock; Taxes.
The
shares of the Common Stock represented by each and every certificate for
Warrant
Shares delivered on the exercise of this Warrant shall, subject to compliance
by
the Holder with the terms hereof, at the time of such delivery, be duly
authorized, validly issued and outstanding, fully paid and nonassessable,
and
not subject to preemptive rights or rights of first refusal imposed by any
agreement to which the Company is a party, and the Company will take all
such
actions as may be necessary to assure that the par value, if any, per share
of
the Common Stock is at all times equal to or less than the then Per Share
Warrant Price. The Company shall pay, when due and payable, any and all Federal
and state stamp, original issue or similar taxes which may be payable in
respect
of the issue of any Warrant Share or any certificate thereof to the extent
required because of the issuance by the Company of such
security.
5
5. Piggy-Back
Registration.
(a) The
Company agrees that if, at any time, and from time to time, after the earlier
to
occur of (i) the date of the initial offering of the Common Stock to the
public
pursuant to a registration statement under the Securities Act (the “IPO”);
and
(ii) the first date (the “Trading
Date”)
on
which the Common Stock (or securities received in exchange for Common Stock)
trades on a national securi-ties exchange or on the NASDAQ, including the
Over
the Counter Bulletin Board (a “Trading
Event”),
the
Board of Directors of the Company shall authorize the filing of a registration
statement under the Securities Act (other than the IPO or a registration
statement on Form X-0, Xxxx X-0 or any other form that does not include
substantially the same information as would be required in a form for the
general registration of securities) in connection with the proposed offer
of any
of Common Stock by it or any of its stockholders, the Company shall: (A)
promptly notify each Holder that such registration statement will be filed
and
that the Warrant Shares then held by such Holder will be included in such
registration statement at such Holder’s request; (B) cause such registration
statement to cover all of such Warrant Shares issued to such Holder for which
such Holder requests inclusion, provided that the number of Warrant Shares
to be
included in such registration statement, when added to all the other shares
to
be included therein, does not exceed the number of shares which the Company
and
its underwriters, if any, reasonably fix for inclusion; (C) use best efforts
to
cause such registration statement to become effective as soon as practicable;
and (D) take all other reasonable action necessary under any Federal or state
law or regulation of any governmental authority to permit all such Warrant
Shares that have been issued to such Holder to be sold or otherwise disposed
of,
and will maintain such compliance with each such Federal and state law and
regulation of any governmental authority for the period necessary for such
Holder to promptly effect the proposed sale or other disposition.
(b) It
shall
be a condition precedent to the obligation of the Company to take any action
pursu-ant to this Section 5 with respect to the Warrant Shares of Holder
that
such Holder shall furnish to the Company such informa-tion regarding the
Holder,
the Warrant Shares held by such Holder, and the intended method of disposition
of such securi-ties as shall be reasonably required by the Company to effect
the
registration of such Holder’s Warrant Shares.
(c) If
the
shares to which such registration relates are to be sold in an underwritten
offering, Holder, as a condition to the inclusion of the Shares in the
registration statement, shall agree that the Shares will be sold only as
a part
of such underwritten offering and at the price and upon the terms fixed by
the
Company and its underwriters, subject to the right of Holder to withdraw
the
Shares therefrom. Nothing herein shall prevent the Company from, at any time,
abandoning or delaying any such registration initiated by it. Notwithstanding
anything to the contrary in this Section 5, the Company shall not be obligated
to include any Shares in a registration statement or keep a registration
statement effective with respect to such Warrant Shares if such Warrant Shares
are already covered by a registration statement, or if such securities are
available for resale under Rule 144 of the Securities Act. For clarity, this
Section 5 creates no obligation on the part of the Company to register any
or
all Shares upon the demand of Holder.
6
6. Investment
Intent; Limited Transferability.
(a) By
accepting this Warrant, the Holder represents to the Company that it understands
that this Warrant and any securities obtainable upon exercise of this Warrant
have not been registered for sale under Federal or state securities laws
and are
being offered and sold to the Holder pursuant to one or more exemptions from
the
registration requirements of such securities laws. In the absence of an
effective registration of such securities or an exemption therefrom, any
certificates for such securities shall bear the legend set forth on the first
page hereof. The Holder understands that it must bear the economic risk of
its
investment in this Warrant and any securities obtainable upon exercise of
this
Warrant for an indefinite period of time, as this Warrant and such securities
have not been registered under Federal or state securities laws and therefore
cannot be sold unless subsequently registered under such laws, unless an
exemption from such registration is available. The Holder further represents
to
the Company, by accepting this Warrant, that it has full power and authority
to
accept this Warrant and make the representations set forth herein.
(b) The
Holder, by its acceptance of this Warrant, represents to the Company that
it is
acquiring this Warrant and will acquire any securities obtainable upon exercise
of this Warrant for its own account for investment and not with a view to,
or
for sale in connection with, any distribution thereof in violation of the
Act.
The Holder agrees, by acceptance of this Warrant, that this Warrant and any
such
securities issuable
under this Warrant will
not
be sold or otherwise transferred unless
(i) a registration statement with respect to such transfer is effective under
the Act and any applicable state securities laws or (ii) such sale or transfer
is made pursuant to one or more exemptions from the Act.
(c) In
addition to the limitations set forth in Section 1 and in accordance with
the
legend on the first page hereof, this Warrant may not be sold, transferred,
assigned or hypothecated by the Holder except in compliance with the provisions
of the Act and the applicable state securities “blue sky” laws, and is so
transferable only upon the books of the Company which it shall cause to be
maintained for such purpose. The Company may treat the registered Holder
of this
Warrant as it appears on the Company's books at any time as the Holder for
all
purposes. The Company shall permit any Holder of a Warrant or its duly
authorized attorney, upon written request during ordinary business hours,
to
inspect and copy or make extracts from its books showing the registered Holders
of Warrant. All Warrants issued upon the transfer or assignment of this Warrant
will be dated the same date as this Warrant, and all rights of the holder
thereof shall be identical to those of the Holder unless, in each case,
otherwise prohibited by applicable law.
(d) The
Holder has been afforded (i) the opportunity to ask such questions as it
has
deemed necessary of, and to receive answers from, representatives of the
Company
concerning the terms and conditions of the Warrants or the exercise of the
Warrants; and (ii) the opportunity to request such additional information
which
the Company possesses or can acquire without unreasonable effort or
expense.
7
(e) The
Holder did not (i) receive or review any advertisement, article, notice or
other
communication published in a newspaper or magazine or similar media or broadcast
over television or radio, whether closed circuit, or generally available;
or
(ii) attend any seminar, meeting or investor or other conference whose attendees
were, to such Holder’s knowledge, invited by any general solicitation or general
advertising.
(f) The
Holder is an “accredited investor” within the meaning of Regulation D under the
Act. Such Holder is acquiring the Warrants for its own account and not with
a
present view to, or for sale in connection with, any distribution thereof
in
violation of the registration requirements of the Act, without prejudice,
however, to such Holder’s right, subject to the provisions of the Placement
Agency
Agreement and this
Warrant, at all times to sell or otherwise dispose of all or any part of
such
Warrants and Warrant Shares.
(g) Either
by
reason of such Holder’s business or financial experience or the business or
financial experience of its professional advisors (who are unaffiliated with
and
who are not compensated by the Company or any affiliate, finder or selling
agent
of the Company, directly or indirectly), such Holder has the capacity to
protect
such Holder’s interests in connection with the transactions contemplated by this
Warrant and the Placement
Agency
Agreement.
The
Holder, by its acceptance of this Warrant, represents to the Company that
it is
able to fend for itself, can bear the economic risk of its investment and
has
such knowledge and experience in financial or business matters that it is
capable of evaluating the merits and risks of the investment in this Warrant.
Holder also represents it has not been organized for the purpose of acquiring
this Warrant.
7. Loss,
etc., of Warrant.
Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of this Warrant, and of indemnity reasonably
satisfactory to the Company, if lost, stolen or destroyed, and upon surrender
and cancellation of this Warrant, if mutilated, the Company shall execute
and
deliver to the Holder a new Warrant of like date, tenor and
denomination.
8. Warrant
Holder Not Stockholder.
This
Warrant does not confer upon the Holder any right to vote on or consent to
or
receive notice as a stockholder of the Company, as such, in respect of any
matters whatsoever, nor any other rights or liabilities as a stockholder,
prior
to the exercise hereof; this Warrant does, however, require certain notices
to
Holders as set forth herein.
9. Communication.
No
notice or other communication under this Warrant shall be effective or deemed
to
have been given unless, the same is in writing and is mailed by first-class
mail, postage prepaid, or via recognized overnight courier with confirmed
receipt, addressed to:
(a) the
Company at ZIOPHARM, Inc., 000 Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxxx, XX
00000,
Attn: President, or other such address as the Company has designated in writing
to the Holder; or
8
(b) the
Holder, c/o Paramount BioCapital, Inc., at 000 Xxxxxxx Xxxxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000, or other such address as the Holder has designated
in
writing to the Company.
10. Headings.
The
headings of this Warrant have been inserted as a matter of convenience and
shall
not affect the construction hereof.
11. Applicable
Law.
This
Warrant shall be governed by and construed in accordance with the law of
the
State of New York without giving effect to the principles of conflicts of
law
thereof.
12. Amendment,
Waiver, etc.
Except
as expressly provided herein, neither this Warrant nor any term hereof may
be
amended, waived, discharged or terminated other than by a written instrument
signed by the party against whom enforcement of any such amendment, waiver,
discharge or termination is sought; provided, however, that any provisions
hereof may be amended, waived, discharged or terminated upon the written
consent
of the Company and the Majority of the Holders.
*
* * *
*
9
IN
WITNESS WHEREOF,
the
Company has caused this Warrant to be signed by the undersigned duly authorized
officer as of this 23rd
day of
December, 2004.
| ZIOPHARM, INC. | ||
| |
|
|
| By: | /s/ Xxxxxxxx Xxxxx | |
| Name: | Xxxxxxxx Xxxxx | |
| Title: | Chief Executive Officer | |
10
SUBSCRIPTION (cash)
The
undersigned, ___________________, pursuant to the provisions of the foregoing
Warrant, hereby agrees to subscribe for and purchase ____________________
shares
of the Common Stock, par value $0.001 per share, of ZIOPHARM, Inc. covered
by
said Warrant, and makes payment therefor in full at the price per share provided
by said Warrant.
|
Dated:
|
Signature:
|
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|
Address:
|
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CASHLESS
EXERCISE
The
undersigned _____________, pursuant to the provisions of the foregoing Warrant,
hereby elects to exchange its Warrant for ___________________ shares of Common
Stock, par value $0.001 per share, of ZIOPHARM, Inc. pursuant to the Cashless
Exercise provisions of the Warrant.
|
Dated:
|
Signature:
|
|||
|
Address:
|
||||
11
ASSIGNMENT
FOR
VALUE
RECEIVED _______________ (“Assignor”) hereby sells, assigns and transfers unto
____________________ (“Transferee”) the foregoing Warrant and all rights
evidenced thereby, and does irrevocably constitute and appoint
_____________________, attorney, to transfer said Warrant on the books of
ZIOPHARM, Inc. By acceptance of the foregoing Warrant, Transferee shall become
a
Holder under said Warrant and subject to the rights, obligations and
representations of Holder set forth in said Warrant.
ASSIGNOR:
|
Dated:
|
Signature:
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|||
|
Address:
|
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TRANSFEREE:
|
Dated:
|
Signature:
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|
Address:
|
||||
PARTIAL
ASSIGNMENT
FOR
VALUE
RECEIVED _______________ (“Assignor”) hereby assigns and transfers unto
____________________ (“Transferee”) the right to purchase _______ shares of
Common Stock, par value $0.001 per share, of ZIOPHARM, Inc. covered by the
foregoing Warrant, and a proportionate part of said Warrant and the rights
evidenced thereby, and does irrevocably constitute and appoint
____________________, attorney, to transfer such part of said Warrant on
the
books of ZIOPHARM, Inc. By acceptance of the proportionate part of foregoing
Warrant, Transferee shall become a Holder under said proportionate part of
said
Warrant and subject to the rights, obligations and representations of Holder
set
forth in said Warrant.
ASSIGNOR:
|
Dated:
|
Signature:
|
|||
|
Address:
|
||||
TRANSFEREE:
|
Dated:
|
Signature:
|
|||
|
Address:
|
||||
12
