Form of WarrantWarrant Agreement • December 17th, 2007 • Synthetic Blood International Inc • Services-commercial physical & biological research • California
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 prior to , 2012 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Synthetic Blood International, Inc., a New Jersey corporation (the “Company”), up to shares (the “Warrant Shares”) of Common Stock, par value $0.01 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant is $0.245. The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as provided herein.
Form of Convertible Note Synthetic Blood International, Inc Placement Agent Agreement August 1, 2007Placement Agent Agreement • December 17th, 2007 • Synthetic Blood International Inc • Services-commercial physical & biological research
• IC Invest, England (IC Invest) agrees to raise up to $500,000 for Synthetic Blood International, Inc. (the Company) in bridge money in unsecured promissory notes
