AMENDMENT TO COMMON STOCK PURCHASE WARRANT OF ARTES MEDICAL, INC. (Issued in Connection with Bridge Loan 2004)
EXHIBIT 4.14
AMENDMENT TO COMMON STOCK PURCHASE WARRANT
OF ARTES MEDICAL, INC.
(Issued in Connection with Bridge Loan 2004)
OF ARTES MEDICAL, INC.
(Issued in Connection with Bridge Loan 2004)
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 June 30, 2009 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 June 30, 2009 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 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; No Amendment to Other Warrants. 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.
Notwithstanding Section 8.5 of each Warrant, this Amendment shall be effective only as to each
Warrant that the applicable Holder has elected to amend as set forth in this Section 6, and shall
not be effective as to any other warrant. 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 | Original | |||||||||||
| Underlying | Expiration | |||||||||||
| Name of Warrant Holder | Warrant | Exercise Price | Date | |||||||||
Xxx Xxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxx Xxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxx Xxxxx |
1,200 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Intervivos Trust |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Ali Pourhasseini |
12,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxxx |
1,200 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxx |
16,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxx X. Xxxxxx Separate Property Trust |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxx |
6,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Lieners |
100,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxxxxx Holbech & Xxxxx Xxxxxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxxxxx Xxxxxxxx |
30,000 | $ | 1.25 | 06/30/09 | ||||||||
Claus Klohk |
24,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxx |
4,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxxxx |
30,000 | $ | 1.25 | 06/30/09 | ||||||||
DJB Holdings, LLC |
80,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxx |
28,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx & Xxxxx Xxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxxx Xxxxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxxx Xxxxxxxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxxxx |
62,000 | $ | 1.25 | 06/30/09 | ||||||||
GSW Holdings, LLC |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxxxxxxx |
16,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Van Der Linden |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Van Der Linden |
1,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxxxxxxxxxxxx |
2,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Jehangir Arjoman Kermani |
11,000 | $ | 1.25 | 06/30/09 | ||||||||
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| Number of Shares | Original | |||||||||||
| Underlying | Expiration | |||||||||||
| Name of Warrant Holder | Warrant | Exercise Price | Date | |||||||||
Joerg Obwegeser |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxx & Xxxxxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxx & Xxxxxxx Xxxxxx |
2,500 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxx |
18,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Family Trust |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Le Femme Investments, Inc. |
10,350 | $ | 1.25 | 06/30/09 | ||||||||
Le Femme Investments, Inc. |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Le Femme Investments, Inc. |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxx Xxxxx Xxxxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxx Xxxxx Xxxxxxxx |
500 | $ | 1.25 | 06/30/09 | ||||||||
Lone Xxxx Ranch, LP |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxxx |
14,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxx MD |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxx |
4,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxx |
4,010 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxx |
500 | $ | 1.25 | 06/30/09 | ||||||||
Mission Consultants, Inc. |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx International, Inc. |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Nasri Investment, LLC |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxx Xxxxxx |
1,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxxxx, MD |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Nhu-Y Xxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Opal Investments Management, Inc. |
32,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx & Xxx Xxxxxx Community Property
Trust |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxx |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxx |
500 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxxx |
12,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxxx |
000 | $ | 1.25 | 06/30/09 | ||||||||
Prof. Xx. Xxxxxx Xxxxxxxx |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Proteus Global Ventures, LP |
75,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxx Xxxxx |
2,000 | $ | 1.25 | 06/30/09 | ||||||||
Riyadh Taila |
6,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxxxxx |
50,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Family Trust |
24,000 | $ | 1.25 | 06/30/09 | ||||||||
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| Number of Shares | Original | |||||||||||
| Underlying | Expiration | |||||||||||
| Name of Warrant Holder | Warrant | Exercise Price | Date | |||||||||
Xxxxxx Xxxxx |
72,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxx |
17,600 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxxx Family Trust |
80,000 | $ | 1.25 | 06/30/09 | ||||||||
South Bay Skin & Cancer Pension Plan
for Xx. Xxxxx Xxxxxx |
16,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxx Xxxxxxxxxxx |
10,218 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxx MD |
40,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx X. Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxx X. Xxxxxxxx MD |
32,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxx & Xxxxxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxx X Xxxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxx |
50,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxx Xxxx |
10,700 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxx Family Trust |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxxxx Xxxxx |
10,000 | $ | 1.25 | 06/30/09 | ||||||||
Xxxxxx Xxxxxxxxxx |
20,000 | $ | 1.25 | 06/30/09 | ||||||||
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