SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • June 20th, 2008 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of June 19, 2008, between Medis Technologies Ltd., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
CONFIDENTIALPlacement Agent Agreement • June 20th, 2008 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York
COMMON STOCK PURCHASE WARRANTCommon Stock Purchase Warrant • June 20th, 2008 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after December 19, 2008 (the “Initial Exercise Date”) and on or prior to the close of business on the five year anniversary of the Initial Exercise Date (the “Termination Date”), but not thereafter, to subscribe for and purchase from Medis Technologies Ltd., a Delaware corporation (the “Company”), up to ______ shares (the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). Notwithstanding anything herein to the contrary, in the event that Stockholder Approval has not been obtained and deemed effective prior to the Initial Exercise Date, this Warrant shall only be exercisable into ________1 Warrants Shares until such date that Sto
