SECURITIES PURCHASE AND REGISTRATION RIGHTS AGREEMENT Between STAR SCIENTIFIC, INC., as Issuer, and Joseph L. Schwarz as Investor June 29, 2007Securities Purchase and Registration Rights Agreement • July 6th, 2007 • Star Scientific Inc • Cigarettes • New York
This SECURITIES PURCHASE AND REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into effective as of June 29, 2007, between Star Scientific, Inc., a Delaware corporation (the “Company”) and Joseph L. Schwarz (“Investor”).
COMMON STOCK PURCHASE WARRANT To Purchase 1,250,000 Shares of $0.0001 par value Common Stock of Star Scientific, Inc.Common Stock Purchase Warrant • July 6th, 2007 • Star Scientific Inc • Cigarettes
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) CERTIFIES that, for value received, Joseph L. Schwarz (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 June 29, 2007 (the “Initial Exercise Date”) and on or prior to the close of business on July 14, 2011 (the “Termination Date”) but not thereafter (the “Exercise Period”), to subscribe for and purchase from Star Scientific, Inc., a corporation incorporated in Delaware (the “Company”), up to 1,250,000 shares (the “Warrant Shares”) of common stock, par value $0.0001 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall be $1.00, subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as provided herein. The term “Holder” shall refer to the Holder ident
