Contract
Exhibit
10.15
NEITHER
THIS SECURITY NOR THE SECURITY INTO WHICH THIS SECURITY IS EXERCISABLE HAVE
BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, AND, ACCORDINGLY, MAY NOT BE OFFERED
OR
SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL
TO
THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO THE COMPANY.
Warrant
No. W-_________
Void
after 5:00 p.m., Eastern Standard Time on ___________, 20_____
COMMON
STOCK PURCHASE WARRANT
Lifesciences
Opportunities Incorporated, a Florida corporation (the “Company”),
hereby certifies that, for value received,
______________________,
located at __________________ (the
“Warrant
Holder”)
is the
owner of the number of common stock purchase warrants (“Warrants”)
which
entitles the holder thereof to purchase, at any time during the period
commencing on the Commencement Date (as defined herein) and ending on the
Expiration Date (as defined herein), ____________ (_____) fully paid and
non-assessable shares of common stock, par value $.0001 per share (“Common
Stock”),
of
the Company at a purchase price equal to the Exercise Price (as defined below)
in lawful money of the United States of America in cash, subject to adjustment
as hereinafter provided.
1. WARRANT;
EXERCISE PRICE.
1.1 This
Warrant is issued pursuant to a Subscription Agreement dated as of the date
hereof, by and among the Company and the Warrant Holder (the “Subscription
Agreement”).
1.2 Each
Warrant shall entitle the Warrant Holder to purchase one share of Common Stock
(individually, a “Warrant
Share”
severally, the “Warrant
Shares”).
1.3 The
purchase price payable upon exercise of each Warrant (the “Exercise
Price”)
shall
be $1.00 per Warrant Share. Notwithstanding the foregoing, the Exercise Price
and number of Warrant Shares purchasable pursuant to each Warrant are subject
to
adjustment as provided in Section 8.
2. EXERCISE
OF WARRANT; EXPIRATION DATE.
2.1 This
Warrant is exercisable at any time and from time to time commencing the date
hereof (“Commencement
Date”)
and
ending at 5:00 p.m., Eastern Time on ___________, 20____ (the “Expiration
Date”),
in
whole or from time to time in part, at the option of the Warrant Holder, upon
surrender of this Warrant to the Company together with a duly completed Notice
of Exercise in the form attached hereto and payment of an amount equal to the
then applicable Exercise Price multiplied by the number of Warrant Shares then
being purchased upon such exercise.
2.2 Each
exercise of this Warrant shall be deemed to have been effected immediately
prior
to the close of business on the day on which this Warrant shall have been
surrendered to the Company as provided in Section 2.1. At such time, the person
or persons in whose name or names any certificates for Warrant Shares shall
be
issuable upon such exercise as provided in Section 2.3 below shall be deemed
to
have become the holder or holders of record of the Warrant Shares represented
by
such certificates.
2.3 Within
five business days after the exercise of the purchase right represented by
this
Warrant, the Company at its expense will use its reasonable best efforts to
cause to be issued in the name of, and delivered to, the Warrant Holder, or,
subject to the terms and conditions hereof, to such other individual or entity
as such Warrant Holder (upon payment by such Warrant Holder of any applicable
transfer taxes) may direct:
(a) a
certificate or certificates for the number of full Warrant Shares to which
such
Warrant Holder shall be entitled upon such exercise, and
(b) in
case
such exercise is in part only, a new Warrant or Warrants (dated the date hereof)
of like tenor, stating on the face or faces thereof the number of Warrant Xxxxxx
currently stated on the face of this Warrant minus the number of such Warrant
Shares purchased by the Warrant Holder upon such exercise as provided in Section
2.2 (in each case prior to any adjustments made thereto pursuant to the
provisions of this Warrant).
3. REGISTRATION
AND TRANSFER ON COMPANY BOOKS.
3.1 The
Company (or an agent of the Company) will maintain a register containing the
names and addresses of the Warrant Holders. Any Warrant Holder may change its,
his or her address as shown on the Warrant register by written notice to the
Company requesting such change.
3.2 The
Company shall register upon its books any transfer of a Warrant upon surrender
of same as provided in Section 5.
4. RESERVATION
OF WARRANT SHARES.
The
Company will at all times reserve and keep available, solely for issuance and
delivery upon the exercise of this Warrant, such Warrant Shares and other stock,
securities and property, as from time to time shall be issuable upon the
exercise of this Warrant.
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5. EXCHANGE,
TRANSFER, ASSIGNMENT OR LOSS OR MUTILATION OF WARRANTS.
This
Warrant is exchangeable, without expense, at the option of the Warrant Holder,
upon presentation and surrender hereof to the Company for other warrants of
different denominations entitling the holder thereof to purchase in the
aggregate the same number of Warrant Shares purchasable hereunder. Subject
to
the terms of Sections 6 and 7, upon surrender of this Warrant to the Company
at
its principal office or at the office of its transfer agent, if any, with the
Assignment Form annexed hereto duly executed and funds sufficient to pay any
transfer tax, the Company shall, without charge, execute and deliver a new
Warrant in the name of the assignee named in such instrument of assignment
and
this Warrant shall be promptly canceled. Subject to the terms of Sections 6
and
7, this Warrant may be divided or combined with other Warrants which carry
the
same rights upon presentation hereof at the principal office of the Company
together with a written notice specifying the names and denominations in which
new Warrants are to be issued and signed by the Warrant Holder hereof. The
term
“Warrant” as used herein includes any Warrants into which this Warrant may be
divided or exchanged. Upon receipt by the Company of reasonable evidence of
the
ownership of and the loss, theft, destruction or mutilation of this Warrant
and,
in the case of loss, theft or destruction, of indemnity reasonably satisfactory
to the Company, or, in the case of mutilation, upon surrender and cancellation
of the mutilated Warrant, the Company shall execute and deliver in lieu thereof
a new Warrant of like tenor and date representing an equal number of Warrants.
6. LIMITATION
ON EXERCISE AND SALES.
6.1 Each
holder of this Warrant acknowledges that this Warrant and the Warrant Shares
have not been registered under the Securities Act, as of the date of issuance
hereof. This Warrant may only be transferred in compliance with this Section
6
and Section 7. The Company shall be under no obligation to issue the Warrant
Shares covered by such exercise unless and until the Warrant Holder shall have
executed the form of exercise annexed hereto that states that at the time of
such exercise that it is then an “accredited investor” within the meaning of
Rule 501 of Regulation D, is acquiring such Warrant Shares for its own account,
and will not transfer the Warrant Shares unless pursuant to an effective and
current registration statement under the Securities Act or an exemption from
the
registration requirements of the Securities Act and any other applicable
restrictions, in which event the Warrant Holder shall be bound by the provisions
of a legend or legends to such effect that shall be endorsed upon the
certificate(s) representing the Warrant Shares issued pursuant to such exercise.
In such event, the Warrant Shares issued upon exercise hereof shall be imprinted
with a legend in substantially the form provided in Section 7.2.
6.2 Warrant
Holder represents and warrants that it is acquiring this Warrant for its own
account, for purposes of investment, and not with a view to, or for sale in
connection with, any distribution thereof within the meaning of the Securities
Act and the rules and regulations promulgated thereunder. Warrant Holder
represents, warrants and agrees that it will not sell, exercise, transfer or
otherwise dispose of this Warrant (or any interest therein) or any of the
Warrant Shares purchasable upon exercise hereof, except pursuant to (i) an
effective registration statement under the Securities Act and applicable state
securities laws or (ii) an opinion of counsel, satisfactory to Company, that
an
exemption from registration under the Securities Act and such laws is available.
Warrant Holder further acknowledges and agrees that Company is not required,
legally or contractually, so to register or qualify the Warrant or such Warrant
Shares or to take any action to make such an exemption available. Warrant Holder
understands that Company will be relying upon the truth and accuracy of the
representations and warranties contained in this Section 6 in issuing this
Warrant and such Warrant Shares without first registering the issuance thereof
under the Securities Act or qualifying or registering the issuance thereof
under
any state securities laws that may be applicable.
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6.3 Warrant
Holder acknowledges that (i) there is not now, and there may not be in the
future, any public market for the Warrant or the Warrant Shares, (ii) although
there currently is not a public trading market for the Warrant Shares, there
can
be no assurance that any such market will be created and sustained, and (iii)
there can be no assurance that Warrant Holder will be able to liquidate its
investment in Company. Warrant Holder represents and warrants that it is
familiar with and understands the terms and conditions of Rule 144 promulgated
under the Securities Act.
6.4 Warrant
Holder represents and warrants to Company that (i) it has such knowledge and
experience in financial and business matters as is necessary to enable it to
evaluate the merits and risks of any investments in Company and is not utilizing
any other person to be a purchaser representative in connection with evaluation
of such merits and risks; and (ii) it has no need for liquidity in an investment
in Company and is able to bear the risk of that investment for an indefinite
period and to afford a complete loss thereof.
6.5 Warrant
Holder represents and warrants that it has had access to, and has been furnished
with, all of the information it has requested from Company and has had an
opportunity to review the books and records of Company and to discuss with
management and members of the board of directors of Company the business and
financial affairs of Company.
6.6 Warrant
Holder agrees that at the time of each exercise of this Warrant, unless the
issuance of Warrant Shares issuable thereupon is pursuant to an effective
registration statement under the Securities Act and under applicable state
blue
sky laws, Warrant Holder will provide Company with a letter embodying the
representations and warranties set forth in Sections 6.2 through 6.5, in form
and substance reasonably satisfactory to Company, and agrees that the
certificate(s) representing any securities issued to it upon any exercise of
this Warrant may bear such restrictive legend as Company may deem necessary
to
reflect the restricted status of such securities under the Securities Act unless
Company shall have received from Warrant Holder an opinion of counsel to Warrant
Holder, reasonably satisfactory in form and substance to Company and its
counsel, that such restrictive legend is not required.
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7. TRANSFER
RESTRICTIONS.
7.1 If,
at
the time of the surrender of this Warrant in connection with any transfer of
this Warrant, the transfer of this Warrant shall not be registered pursuant
to
an effective registration statement under the Securities Act and under
applicable state securities or blue sky laws, the Company may require, as a
condition of allowing such transfer (i) that the Warrant Holder or transferee
of
this Warrant, as the case may be, furnish to the Company a written opinion
of
counsel (which opinion shall be in form, substance and scope customary for
opinions of counsel in comparable transactions and reasonably satisfactory
to
counsel for the Company) to the effect that such transfer may be made without
registration under the Securities Act and under applicable state securities
or
blue sky laws, (ii) that the holder or transferee execute and deliver to the
Company an investment letter in form and substance acceptable to the Company,
(iii) that transferee agree in writing with the Company to be bound by the
terms
and conditions of this Warrant applicable to the Warrant Holder and (iv) that
the transferee be an “accredited investor” as defined in Regulation D
promulgated under the Securities Act.
7.2 The
Warrant Shares issuable on the exercise of the Warrant shall bear the following
legend:
THESE
SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION,
OR THE SECURITIES COMMISSION OF ANY STATE, IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY.
7.3 The
Holder acknowledges that the Warrant Shares acquired upon the exercise of this
Warrant, if not registered, will have restrictions upon resale imposed by state
and federal securities laws.
8. ADJUSTMENT
OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES DELIVERABLE.
The
Exercise Price and the number of Warrant Shares purchasable pursuant to each
Warrant shall be subject to adjustment from time to time as hereinafter set
forth in this Section 8:
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8.1 In
case,
prior to the expiration of this Warrant by exercise or by its terms, the Company
shall issue any additional shares of Common Stock as a dividend or subdivide
the
number of outstanding shares of Common Stock into a greater number of shares
of
Common Stock, then in either of such cases, the then applicable Exercise Price
per Warrant Share purchasable pursuant to this Warrant in effect at the time
of
such action shall be proportionately reduced and the number of Warrant Shares
at
that time purchasable pursuant to this Warrant shall be proportionately
increased; and conversely, in the event the Company shall reduce the number
of
outstanding shares of Common Stock by combining such shares into a smaller
number of shares of Common Stock then, in such case, the then applicable
Exercise Price per Warrant Share purchasable pursuant to this Warrant in effect
at the time of such action shall be proportionately increased and the number
of
Warrant Shares at that time purchasable pursuant to this Warrant shall be
proportionately decreased.
8.2 In
case,
prior to the expiration of this Warrant by exercise or by its terms, the Company
shall be recapitalized by reclassifying its outstanding shares of Common Stock,
or the Company or a successor entity (“successor
Entity”)
shall
consolidate or merge with or convey all or substantially all of its or of any
successor Entity’s property and assets to any other Entity or Entities (any such
other Entities being included within the meaning of the term “successor Entity”
hereinbefore used in the event of any consolidation or merger of any such other
Entity with, or the sale of all or substantially all of the property of any
such
other Entity to, another Entity or Entities), then, as a condition of such
recapitalization, consolidation, merger or conveyance, lawful and adequate
provision shall be made whereby the holder of this Warrant shall thereafter
have
the right to purchase, upon the same basis and on the otherwise same terms
and
conditions specified in this Warrant, in lieu of the Warrant Shares theretofore
purchasable upon the exercise of this Warrant, such shares of stock, securities
or assets, as may be issued or payable with respect to, or in exchange for,
the
number of Warrant Shares theretofore purchasable upon the exercise of this
Warrant had such recapitalization, consolidation, merger, or conveyance not
taken place, and the exercise price for which shall have been appropriately
adjusted, if necessary, to reflect the number of securities which the Warrant
Holder is entitled to purchase in exchange for such Warrant; and in any such
event, the rights of the Warrant Holder to any adjustment in the number of
Warrant Shares purchasable upon the exercise of this Warrant, as herein
provided, shall continue and be preserved in respect of any securities which
the
Warrant Holder becomes entitled to purchase.
8.3 In
case
the Company at any time while this Warrant shall remain unexpired and
unexercised shall sell all or substantially all of its property or dissolve,
liquidate, or wind up its affairs, lawful provision shall be made as part of
the
terms of any such sale, dissolution, liquidation or winding up, so that the
holder of this Warrant may thereafter receive upon exercise hereof in lieu
of
each Warrant Share that it would have been entitled to receive, the same kind
and amount of any securities or assets as may be issuable, distributable or
payable upon any such sale, dissolution, liquidation or winding up with respect
to each share of Common Stock of the Company, provided, however, that in any
case of any such sale or of dissolution, liquidation or winding up, the right
to
exercise this Warrant shall terminate on a date fixed by the Company; such
date
so fixed to be not earlier than 5:00 p.m., Eastern Time, on the forty-fifth
day
next succeeding the date on which notice of such termination of the right to
exercise this Warrant has been given by mail to the registered holder of this
Warrant at its address as it appears on the books of the Company.
6
8.4 If
the
Company shall at any time prior to the expiration of this Warrant issue any
shares of Common Stock or securities convertible into shares of Common Stock
to
a person other than the Warrant Holder for a consideration per share of Common
Stock (the “Offer
Price”),
less
than the Exercise Price in effect at the time of such issuance, then the
Exercise Price shall be immediately reset to such lower Offer Price. The
Exercise Price, as so adjusted, shall be readjusted in the same manner upon
the
happening of any successive event or events described herein in this Section
8.
Notwithstanding the foregoing, no adjustment will be made under this Section
8.4
in respect of any “Excluded Securities.” “Excluded
Securities”
means
any shares of Common Stock or Common Stock equivalents issued or issuable to
any
persons and entities arising from any (i) issuance of securities pursuant to
any
stock option or equity incentive plan of the Company, (ii) any securities issued
in connection with the acquisition of assets, stock purchase or merger whereby
the Company is the surviving corporation, (iii) issuance of any securities
pursuant to any subsequent agreement between Warrant Holder or any of its
affiliates, and the Company, and (iv) issuances of shares of Common Stock or
other securities arising from any existing obligation of the Company prior
to
the date of this Warrant.
No
adjustment in the per Warrant Share Exercise Price shall be required unless
such
adjustment would require an increase or decrease in the Exercise Price by at
least $0.01; provided, however, that any adjustments that by reason of this
subsection are not required to be made shall be carried forward and taken into
account in any subsequent adjustment. All calculations under this Section 8
shall be made to the nearest cent or to the nearest 1/100th of a share, as
the
case may be.
9. VOLUNTARY
ADJUSTMENT BY THE COMPANY.
The
Company may, at its option, at any time during the term of the Warrants, reduce
the then current Exercise Price to any amount deemed appropriate by the Board
of
Directors of the Company and/or extend the date of the expiration of the
Warrants.
10. RIGHTS
OF THE HOLDER.
The
Warrant Holder shall not, by virtue hereof, be entitled to any rights of a
shareholder of the Company, either at law or equity, and the rights of the
Warrant Holder are limited to those expressed in this Warrant and are not
enforceable against the Company except to the extent set forth herein. This
Warrant does not entitle the Holder to any voting rights or other rights as
a
shareholder of the Company prior to the Exercise Date and then only with respect
to the Warrant Shares to be issued with respect thereto.
11. NOTICES
OF RECORD DATE.
In
case:
11.1 the
Company shall take a record of the holders of its shares of Common Stock (or
other stock or securities at the time deliverable upon the exercise of this
Warrant) for the purpose of entitling or enabling them to receive any dividend
or other distribution, or to receive any right to subscribe for or purchase
any
shares of Common Stock or any other securities, or to receive any other right,
or
11.2 of
any
capital reorganization of the Company, any reclassification of the equity
capital of the Company, any consolidation or merger of the Company with or
into
an Entity or other entity (other than a consolidation or merger in which the
Company is the surviving entity), or any transfer of all or substantially all
of
the assets of the Company, or
7
11.3 of
the
voluntary or involuntary dissolution, liquidation or winding-up of the Company,
then,
and
in each such case, the Company will mail or cause to be mailed to the Warrant
Holder a notice specifying, as the case may be, (i) the date on which a record
is to be taken for the purpose of such dividend, distribution or right, and
stating the amount and character of such dividend, distribution or right, or
(ii) the effective date on which such reorganization, reclassification,
consolidation, merger, transfer, dissolution, liquidation or winding-up is
to
take place, and the time, if any is to be fixed, as of which the holders of
record of shares of Common Stock (or such other stock or securities at the
time
deliverable upon the exercise of this Warrant) shall be entitled to exchange
their shares of Common Stock (or such other stock or securities) for securities
or other property deliverable upon such reorganization, reclassification,
consolidation, merger, transfer, dissolution, liquidation or winding-up. Such
notice shall be mailed at least ten days prior to the record date or effective
date for the event specified in such notice, provided that the failure to mail
such notice shall not affect the legality or validity of any such action.
12. REGISTRATION
RIGHTS.
The
Holder of this Warrant has been granted certain registration rights by the
Company. These registration rights are set forth in a Registration Rights
Agreement entered into by the Company and Holder dated as of even date of this
Warrant.
13. SUCCESSORS.
The
rights and obligations of the parties to this Warrant will inure to the benefit
of and be binding upon the parties hereto and their respective heirs,
successors, assigns, pledgees, transferees and purchasers.
14. CHANGE
OR WAIVER.
Any
term of this Warrant may be changed or waived only by an instrument in writing
signed by the party against whom enforcement of the change or waiver is sought.
15. HEADINGS.
The
headings in this Warrant are for purposes of reference only and shall not limit
or otherwise affect the meaning of any provision of this Warrant. Wherever
possible, each provision of this Warrant shall be interpreted in such manner
as
to be effective and valid under applicable law, but if any provision of this
Warrant shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provisions or the remaining provisions of
this Warrant.
16. GOVERNING
LAW.
This
Warrant shall be governed by and construed in accordance with the laws of the
State of Florida. Any action or litigation brought by either party against
the
other concerning the transactions contemplated by this Warrant shall be brought
only in the state courts or in the federal courts located in the State of
Florida. The prevailing party shall be entitled to recover from the other party
its reasonable attorney’s fees and costs.
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17. MAILING
OF NOTICES, ETC.
All
notices and other communications required or permitted hereunder shall be in
writing and shall be deemed to have been duly given one (1) business day after
delivery to an overnight carrier with instructions to deliver to the applicable
address set forth below, or, if sent by facsimile, upon receipt of a
confirmation of delivery:
Registered
Holder:
To
his or
her last known address as indicated on the Company’s books and
records.
The
Company:
Lifesciences
Opportunities Incorporated
0000
Xxxxxxxx Xxxx., Xxxxx 000
Beverly
Hills, CA 90211
Attention:
Chief Executive Officer
[Signature
Page Follows]
9
IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly
authorized officer as of ______________, 2008.
LIFESCIENCES
OPPORTUNITIES INCORPORATED
By: ______________________________
Name:
Title:
|
10
Notice
of Exercise
To
Be Executed by the Warrant Holder
In
Order to Exercise
Warrants
|
TO:
Lifesciences Opportunities Incorporated
The
undersigned hereby: (1) irrevocably subscribes for and offers to purchase
__________ shares of common stock (“Warrant
Shares”),
of
Lifesciences Opportunities Incorporated, pursuant to Warrant No. ___ heretofore
issued to ___________________ dated _____________, 20____ and (2) encloses
a
cash payment of $__________ representing the aggregate exercise price for such
Warrant Shares.
The
undersigned hereby represents and warrants to the Company that it is an
“Accredited Investor” within the meaning of Rule 501 of Regulation D promulgated
under the Securities Act of 1933, as amended (the “Securities
Act”),
and
is acquiring these securities for its own account and not with a view to, or
for
sale in connection with, any distribution thereof, nor with any present
intention of distributing or selling the same. The undersigned further
represents that it does not have any contract, agreement, understanding or
arrangement with any person to sell, transfer or grant the Warrant Shares
issuable under this Warrant. The undersigned understands that the securities
it
will be receiving are “restricted securities” under Federal securities laws
inasmuch as they are being acquired from Lifesciences Opportunities
Incorporated, in transactions not including any public offering and that under
such laws, such securities may only be sold pursuant to an effective and current
registration statement under the Securities Act or an exemption from the
registration requirements of the Securities Act and any other applicable
restrictions, in which event a legend or legends will be placed upon the
certificate(s) representing the Warrant Shares issuable under this Warrant
denoting such restrictions. The undersigned understands and acknowledges that
the Company will rely on the accuracy of these representations and warranties
in
issuing the securities underlying the Warrant.
Date: ________________________________________________________________________
Warrant
Holder Name: __________________________________________________________
Taxpayer
Identification Number: ____________________________________________________
By:
__________________________________________________________________________
Printed
Name: _________________________________________________________________
Title: ________________________________________________________________________
Address:
_____________________________________________________________________
Note:
The
above signature should correspond exactly with the name on the face of this
Warrant or with the name of assignee appearing in assignment form below.
AND,
if
said number of Warrant Shares shall be less than the total number of Warrant
Shares purchasable under the Warrant, a new Warrant is to be issued in the
name
of said undersigned for the balance remaining of the Warrant Shares purchasable
thereunder less any fraction of a share of Common Stock paid in cash and
delivered to the address stated above.
ASSIGNMENT
FORM
To
be
executed by the Warrant Holder
In
order
to Assign Warrants
FOR
VALUE
RECEIVED,____________________________________ hereby sells, assigns and
transfers unto
PLEASE
INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER
(Please
print or type name and address)
______________________
of the Warrants represented by this Warrant, and hereby irrevocably constitutes
and appoints ________________________ Attorney to transfer this Warrant on
the
books of the Company, with full power of substitution in the
premises.
Dated:______________________
____________________________
(Signature
of Registered Holder)
In
addition to executing this Assignment Form, the Warrant Holder and the
transferee must comply with the other requirements for transfer set forth in
Sections 6 and 7 of the Warrant.
CERTIFICATION
OF STATUS OF TRANSFEREE
TO
BE
EXECUTED BY THE TRANSFEREE OF THIS WARRANT
The
undersigned transferee hereby certifies to the registered holder of this Warrant
and to Lifesciences Opportunities Incorporated that the transferee is an
“accredited investor” within the meaning of Rule 501 of Regulation D promulgated
under the Securities Act of 1933, as amended.
Dated:_____________________ | __________________________ |
(Signature of Transferee) |