THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED. STOCK PURCHASE WARRANT To Subscribe for and Purchase Common Stock of ENTEROMEDICS INC.EnteroMedics Inc • December 14th, 2010 • Electromedical & electrotherapeutic apparatus
THIS CERTIFIES THAT, for value received, Craig-Hallum Capital Group LLC, or its registered assigns, (herein referred to as the “Purchaser” or “holder”), is entitled to subscribe for and purchase from EnteroMedics Inc. (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, Three Hundred Forty Thousand Four Hundred (340,400) fully paid and nonassessable shares (“Shares”) of common stock (herein the “Common Stock”) (subject to the limitation in Section 2(b) and to adjustment as noted below) at the exercise price of $2.19 per Share (the “Warrant Purchase Price”) (subject to adjustment as noted below). This Warrant may only be exercised during the Exercise Period specified herein. This Warrant has been issued together with Shares of the Common Stock in a public offering of 14,800,000 Shares of the Common Stock and 14,800,000 Warrants registered on the Company’s Registration Statements on Form S-1 (the “Registration Statement”) filed with
