March 6, 2006 Dear Sirs: Re: Generex Biotechnology Corporation - Amendment to Feb 28 06 Warrant
March
6,
2006
Dear
Sirs:
Re: Generex
Biotechnology Corporation
- Amendment to Feb 28 06 Warrant
We
make
reference to the common stock purchase warrant issued by Generex Biotechnology
Corporation (the “Company”)
to
______________________ on February 28, 2006 pursuant to which the Company
granted to _______________ the entitlement to purchase up to 800,000 shares
of
the Company’s common stock at $1.25 per share (the “Warrant”).
The
Initial Exercise Date (as that term is defined in the Warrant) of the Warrant
is
expressed therein as the 181st
day
after the date thereof. The Company hereby confirms that, in consideration
of
the immediate exercise by ____________of not less than 50% of the Warrant
(400,000 shares for $500,000) (the “Partial
Exercise”)
and
the delivery to the Company of a Notice of Exercise in respect thereof on or
before the close of business on March 6, 2006, the Company has agreed to abridge
the Initial Exercise Date insofar as it applied to the Partial Exercise and
to
honor the aforementioned Notice of Exercise.
In
addition, the Company will grant to ___________ an additional common stock
purchase warrant pursuant to which the Company will grant to ___________ the
entitlement to purchase up to 200,000 shares of the Company’s common stock at
$3.00 per share exercisable for a period of five years from and after September
6, 2006.
Yours
truly,
Generex
Biotechnology Corporation
Xxxx
X.
Xxxxxxxx
Executive
Vice-President, General Counsel
maf:hs
