COMMON STOCK PURCHASE WARRANT ASTERIAS BIOTHERAPEUTICS, INC.Common Stock Purchase Warrant • November 27th, 2013 • Asterias Biotherapeutics, Inc. • Biological products, (no disgnostic substances) • California
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Burrill Securities or its assigns (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 the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the _______1 year anniversary of the Initial Exercise Date (the “Termination Date”), to subscribe for and purchase from Asterias Biotherapeutics, Inc., a Delaware corporation (the “Company”), up to ______2/ shares (as subject to adjustment hereunder, 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). This Warrant is issued by the Company as of the date hereof pursuant the Underwriting Agreement, dated _____, 2013, between the Company and Burrill Securities.
