FOURTH AMENDMENT TO WARRANT AGREEMENT
This Fourth Amendment to Warrant Agreement (the "Fourth Amendment") is
effective as of this 14th day of July, 1999, by and between Medical Technology
Systems, Inc., a Delaware corporation (the "Company"), and Continental Stock
Transfer & Trust Company, as Warrant Agent (the "Warrant Agent").
BACKGROUND
The Company originally entered into a Warrant Agreement with the Warrant
Agent in connection with a public offering of the Company's securities pursuant
to a prospectus dated July 17, 1991. On June 15, 1998, the parties executed the
Third Amendment to Warrant Agreement (the "Amendment") that extended to July 17,
1999 from July 17, 1998 the expiration date of the warrants to purchase shares
of the Company's common stock (the "Warrants"). The parties desire to amend the
Warrant Agreement and the Amendment for purposes of further extending the
expiration date of the Warrants.
Therefore, for good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties agree as follows:
TERMS
1. Expiration Date of Warrants. The Warrant Expiration Date is hereby
extended to July 17, 2000 from July 17, 1999.
2. No Other Effect. Except as specifically set forth above, this instrument
shall not affect the rights of the parties under the Warrant Agreement or the
Amendment.
3. Counterparts, Amendment, and Construction. This instrument: (a) may be
executed in two or more counterparts, each of which shall be deemed an original,
and all of which together shall constitute one instrument; (b) cannot be
amended, modified, or supplemented in any respect except by a subsequent written
agreement entered into by all the parties to this Fourth Amendment; and (c)
shall be construed and enforced in accordance with the laws of Florida.
IN WITNESS WHEREOF, the parties have executed this Fourth Amendment
effective as of the date first written above.
MEDICAL TECHNOLOGY SYSTEMS, INC.
By: ___________________________________
Xxxxxxx X. Xxxxxx, Vice President
and Chief Financial Officer
CONTINENTAL STOCK TRANSFER & TRUST COMPANY
By: __________________________________
Authorized Officer
