EXHIBIT 4.1
FIRST AMENDMENT TO SERIES A WARRANT
FIRST AMENDMENT dated JANUARY 19, 2010 to Series A Warrant ("Series A
Warrant") dated April 8, 2008 issued by Inksure Technologies, Inc. ("Issuer") to
Smithfield Fiduciary LLC ("Holder") for 3,570,337 shares of Common Stock of
Issuer.
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
acknowledged, Issuer and Holder agree to modify the Series A Warrant as follows:
1. The number of shares of Common Stock as to which the Series A Warrant
is exercisable is hereby reduced from 3,570,337 to 2,183,000 shares.
2. The Exercise Price, as defined in Section 1(b) of the Series A Warrant
is hereby decreased from $0.60 to $0.15, subject to adjustment for
events occurring hereinafter as provided in the Series A Warrant.
3. Section 2(a) of the Series A Warrant is hereby amended by inserting
after the words "equal to" the word "83(1/3)% of".
4. Section 4 is deleted in its entirety.
5. Except as expressly modified hereby, the Series A Warrant remains in
full force and effect and unmodified.
INKSURE TECHNOLOGIES, INC.
By:/s/ Xxxx Xxxxx
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Xxxx Xxxxx
Chairman of the Board
SMITHFIELD FIDUCIARY LLC
By: Highbridge Capital Management, LLC, its
Trading Manager
By:/s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx