EXHIBIT 4.1
VOID AFTER 5:00 P.M., NEW YORK CITY
TIME, ON APRIL 19, 2002
THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER JURISDICTION. THE SECURITIES REPRESENTED HEREBY MAY NOT BE
OFFERED, SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER APPLICABLE SECURITIES LAWS UNLESS
OFFERED, SOLD OR TRANSFERRED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THOSE LAWS.
Right to Purchase 2,142,000 Shares of
Common Stock
Date: April 19, 2001
VOXWARE, INC.
COMMON STOCK PURCHASE WARRANT
THIS CERTIFIES THAT, for value received, CASTLE CREEK TECHNOLOGY PARTNERS
LLC or its registered assigns (the "Holder"), is entitled to purchase from
VOXWARE, INC., a corporation organized under the laws of the State of Delaware
(the "Company"), at any time or from time to time during the period specified in
Section 2 hereof, Two Million One Hundred Forty-Two Thousand (2,142,000) fully
paid and nonassessable shares of the Company's common stock, par value $.001 per
share (the "Common Stock") for an exercise price (the "Exercise Price") per
share of Common Stock equal to One Dollar and Twenty-Five Cents ($1.25), subject
to appropriate adjustment in the event of a stock split, stock dividend, merger,
reclassification or similar event and subject to adjustment as provided in
Section 3(d) below. The term "Warrant" means this warrant. The term "Warrants"
means this Warrant and any warrants issued upon full or partial transfer of this
Warrant in accordance with its terms. The shares of
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Common Stock issuable upon the exercise of this Warrant are referred to as the
"Exercise Shares." This Warrant is subject to the following terms, provisions
and conditions:
1. Manner of Exercise; Issuance of Exercise Shares. Subject to the
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provisions hereof, including, without limitation, the limitations contained in
Sections 2 and 8 hereof, this Warrant may be exercised by the Holder hereof, in
whole or in part, by the surrender of this Warrant, together with a completed
exercise agreement in the form attached hereto (the "Exercise Agreement"), to
the Company during normal business hours on any business day at the Company's
principal executive offices (or such other office or agency of the Company as it
may designate by notice to the Holder hereof), and upon payment of the Exercise
Price to the Company in cash, by certified or official bank check or by wire
transfer to the account of the Company. The Exercise Shares so purchased shall
be deemed to be issued to the Holder hereof or such ▇▇▇▇▇▇'s designee, as the
record owner of such shares, as of the close of business on the date on which
this Warrant shall have been surrendered, the completed Exercise Agreement shall
have been delivered, and payment shall have been made for such Exercise Shares
as set forth above or, if such date is not a business date, on the next
succeeding business day. The Exercise Shares so purchased shall be delivered to
the Holder hereof within a reasonable time, not exceeding two (2) Trading Days,
after this Warrant shall have been so exercised (the "Delivery Period").
2. Period of Exercise. This Warrant shall be exercisable at any time and
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from time to time during the period from the date of initial issuance of this
Warrant (the "Issue Date") until 5:00 p.m. New York City time April 19, 2002
(the "Expiration Date"). The period beginning on the Issue Date and ending on
the Expiration Date is referred to herein as the "Exercise Period."
3. Mandatory Exercise.
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(a) On no more than three (3) occasions during the Exercise Period
(each a "Mandatory Exercise Date"), the Company may, at its sole discretion, but
subject to satisfaction (or waiver) of all of the conditions set forth in
Section 3(c) hereof, require the Holder to exercise this Warrant in accordance
with the terms set forth below (a "Mandatory Exercise"). No Mandatory Exercise
may occur prior to the date (the "Effective Date") on which the registration
statement (the Registration Statement") that is required to be filed pursuant to
Section 2.1 of the Registration Rights Agreement dated as of the Issue Date
between the Company and the Holder (the "Registration Rights Agreement") is
declared effective by the Securities Exchange Commission ("SEC"). The initial
Mandatory Exercise may not occur until the Holder has sold at least ninety-five
percent (95%) of the shares of Common Stock acquired by it pursuant to the
Securities Purchase Agreement dated as of the Issue Date between the Company and
the Holder (the "Securities Purchase Agreement"). The second and third Mandatory
Exercises may not occur until the Holder has sold at least ninety-five percent
(95%) of the shares of Common Stock acquired by it pursuant to the preceding
Mandatory Exercise. The Holder shall give written notice (a "Sale Notice") to
the Company within three (3) Trading Days after it has sold at least ninety-five
percent (95%) of the Common Stock acquired by it pursuant to the Securities
Purchase Agreement or the first two Mandatory Exercises, as applicable. No
Mandatory Exercise shall occur earlier than the first Trading Day of the
calendar month immediately following the calendar month in which the applicable
Sale Notice was given.
(b) In order to cause a Mandatory Exercise, the Company must first
deliver to the Holder, on the date that is five (5) Trading Days prior to the
applicable Mandatory Exercise Date, a written notice (the "Mandatory Exercise
Notice"). The Mandatory Exercise Notice shall set forth the Mandatory Exercise
Date to which it relates and the number of shares of Common Stock to be subject
to the Mandatory Exercise (subject to the limitations set forth in Section 3(e)
below) and shall state that, as of the date of such Mandatory Exercise Notice
(the "Mandatory Exercise Notice Date"), all conditions to such Mandatory
Exercise have been met. On each Mandatory Exercise Date, the Company shall issue
to the Holder the number of Exercise Shares specified in the applicable
Mandatory Exercise Notice (subject to the limitations set forth in Section 3(e)
below) and the Holder shall pay the Exercise Price (determined in accordance
with Section 3(d) below) in cash, by certified check or official bank check or
by wire transfer to the account of the Company.
(c) The Holder's obligation to purchase the Exercise Shares pursuant
to a Mandatory Exercise is conditioned upon the satisfaction by the Company (or
waiver by the Holder) of each of the following events:
(i) the Company shall have purchased contemporaneously with the
Mandatory Exercise (which purchase is in compliance with applicable Delaware
corporate law) for cash from the Holder (unless the Holder declines such
purchase in writing) at the Per Share Price a number of shares of the Company's
Series A Convertible Preferred Stock (the "Series A Shares") equal to: (A)
twenty percent (20%) of the aggregate Exercise Price to be paid upon the
applicable Mandatory Exercise Date, divided by (B) the Per Share Price. The "Per
Share Price" shall be equal to One Thousand Dollars ($1,000) plus accrued and
unpaid dividends through the date of payment on such Series A Share.
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(ii) the Registration Statement shall have been available to the
Holder at all times from the Effective Date up to and including the Mandatory
Exercise Date for the resale of all Registrable Securities, as defined in the
Registration Rights Agreement;
(iii) the representations and warranties of the Company set forth
in the Securities Purchase Agreement shall be true and correct in all material
respects as of the Mandatory Exercise Notice Date and the Mandatory Exercise
Date as if made on such dates;
(iv) the Company shall have complied with or performed in all
material respects all of the agreements, obligations and conditions set forth in
the Securities Purchase Agreement, the Registration Rights Agreement, the
Warrants, the Certificate of Designations (as defined in the Securities Purchase
Agreement) and all other agreements to which both the Company and the Holder are
parties that are required to be complied with or performed by the Company on or
before the Mandatory Exercise Date;
(v) the Company shall have delivered to the Holder on the
Mandatory Exercise Date a certificate, signed by an officer of the Company,
certifying that the conditions set forth in this Section 3(c) have been
fulfilled as of the Mandatory Exercise Notice Date and/or the Mandatory Exercise
Date, as applicable, it being understood that the Holder may rely on such
certificate as though it were a representation and warranty of the Company made
in the Securities Purchase Agreement and, in the event of any breach thereof,
shall be entitled to the same remedies as may be available to the Holder in the
event of a breach of any such representation or warranty;
(vi) the Company shall have delivered to the Holder an opinion
of Counsel for the Company dated as of the Mandatory Exercise Date, in
substantially the form set forth on Exhibit A;
(vii) the Company shall have delivered to the Holder on the
Mandatory Exercise Date a duly executed certificate representing the number of
Exercise Shares determined in accordance with Sections 3(b) and 3(e);
(viii) the Exercise Shares shall be included for quotation on the
OTC Bulletin Board or on a national securities exchange or on the Nasdaq Stock
Market and no suspension of trading in the Common Stock on such market shall
have occurred during the thirty (30) Trading Day period preceding the applicable
Mandatory Exercise Date;
(ix) the Company's revenues shall equal at least Five Hundred
Thousand Dollars ($500,000) ($375,000 for the quarter ended March 31, 2001) for
the last completed fiscal quarter for which such revenues have been publicly
announced by a press release or a filing with the SEC as of the applicable
Mandatory Exercise Notice Date.
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(x) the average closing bid price of the Common Stock on the
then principal market for the Common Stock as reported by Bloomberg Financial
Markets ("Bloomberg") for the periods of five (5) consecutive Trading Days
ending on the Trading Day immediately prior to the applicable Mandatory Exercise
Notice Date and the applicable Mandatory Exercise Date shall be at least Twenty
Cents ($.20).
(xi) there shall have been no Change in Control Transaction (as
defined in Section 4(d)(i) below).
(d) The Exercise Price for a Mandatory Exercise shall equal Eighty
Percent (80%) of the Market Price (as defined in Section 4(d)(ii) below) on the
applicable Mandatory Exercise Date.
(e) The number of shares of Common Stock subject to a Mandatory
Exercise shall not exceed the least of:
(i) a number of shares of Common Stock that would result in an
aggregate Exercise Price for any Mandatory Exercise equal to Five Hundred
Thousand Dollars ($500,000);
(ii) the number of unexercised Exercise Shares; and
(iii) the number of shares of Common Stock permitted to be issued
on the applicable Mandatory Exercise Date pursuant to Section 8 below.
4. Certain Agreements of the Company. The Company hereby covenants and
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agrees as follows:
(a) Certain Actions Prohibited. The Company will not, by amendment of
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its charter or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities, or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms to be
observed or performed by it hereunder, but will at all times in good faith
assist in the carrying out of all the provisions of this Warrant and in the
taking of all such action as may reasonably be requested by the Holder of this
Warrant in order to protect the economic benefit inuring to the Holder hereof
and the exercise privilege of the Holder of this Warrant against dilution or
other impairment, consistent with the tenor and purpose of this Warrant.
(b) Consolidation; Merger. In case of any consolidation of the Company
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with, or merger of the Company into, any other corporation, or in case of any
sale or conveyance of all or substantially all of the assets of the Company
other than in connection with a plan of complete liquidation of the Company at
any time during the Exercise Period, then as a condition of such consolidation,
merger or sale or conveyance, adequate provision will be made whereby the Holder
hereof will have the right to acquire and receive upon exercise of this Warrant
in lieu of the Exercise Shares immediately theretofore acquirable upon the
exercise of this Warrant, such securities, cash or assets as may be issued or
payable with respect to or in exchange for the Exercise Shares immediately
theretofore acquirable and receivable upon exercise of this Warrant had such
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consolidation, merger or sale or conveyance not taken place. In any such case,
the Company will make appropriate provision to insure that the provisions of
this Section 4 will thereafter be applicable as nearly as may be in relation to
any instrument or securities thereafter deliverable upon the exercise of this
Warrant.
(c) Notices. In case at any time:
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(i) the Company shall declare any dividend upon the Common Stock
payable in shares of stock of any class or make any other distribution (other
than dividends or distributions payable in cash out of retained earnings
consistent with the Company's past practices with respect to declaring dividends
and making distributions) to the holders of the Common Stock;
(ii) the Company shall offer for subscription pro rata to the
holders of the Common Stock any additional shares of stock of any class or other
rights;
(iii) there shall be any capital reorganization of the Company, or
reclassification of the Common Stock, or consolidation or merger of the Company
with or into, or sale of all or substantially all of its assets to, another
corporation or entity; or
(iv) there shall be a voluntary dissolution, liquidation or
winding-up of the Company;
then, in each such case, the Company shall give to the Holder of this Warrant
(a) notice of the date or estimated date on which the books of the Company shall
close or a record shall be taken for determining the holders of Common Stock
entitled to receive any such dividend, distribution, or subscription rights or
for determining the holders of Common Stock entitled to vote in respect of any
such reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation or winding-up and (b) in the case of any such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding-up, notice of the date (or, if not then known, a reasonable estimate
thereof by the Company) when the same shall take place. Such notice shall also
specify the date on which the holders of Common Stock shall be entitled to
receive such dividend, distribution, or subscription rights or to exchange their
Common Stock for stock or other securities or property deliverable upon such
reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation, or winding-up, as the case may be. Such notice shall be given at
least thirty (30) days prior to the record date or the date on which the
Company's books are closed in respect thereto. Failure to give any such notice
or any defect therein shall not affect the validity of the proceedings referred
to in clauses (i), (ii), (iii) and (iv) above. Notwithstanding the foregoing,
the Company shall publicly disclose the substance of any notice delivered
hereunder prior to delivery of such notice to the Holder hereof.
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(d) Certain Definitions.
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(i) A "Change in Control Transaction" will be deemed to have
occurred if (A) there occurs any consolidation, merger or other business
combination of the Company with or into any other corporation or other entity or
person (whether or not the Company is the surviving corporation), or any other
corporate reorganization or transaction or series of related transactions in
which in any of such events the voting stockholders of the Company prior to such
event cease to own 50% or more of the voting stock, or corresponding voting
equity interests, of the surviving corporation after such event (including
without limitation any "going private" transaction under Rule 13e-3 promulgated
pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or tender offer by the Company under Rule 13e-4 promulgated pursuant to
the Exchange Act for twenty percent (20%) or more of the Company's Common
Stock), (B) any person (as defined in Section 13(d) of the Exchange Act),
together with its affiliates and associates (as such terms are defined in Rule
405 under the Securities Act), beneficially owns or is deemed to beneficially
own (as described in Rule 13d-3 under the Exchange Act without regard to the 60-
day exercise period) in excess of 50% of the Company's voting power, (C) there
is a replacement of more than one-half of the members of the Company's Board of
Directors which is not approved by those individuals who are members of the
Company's Board of Directors on the date thereof, or (D) in one or a series of
related transactions, there is a sale or transfer of all or substantially all of
the assets of the Company, determined on a consolidated basis, (E) the execution
by the Company of an agreement to which the Company is a party or by which it is
bound providing for an event set forth in (A), (B), (C) or (D) above, or
pursuant to which the Common Stock is to be converted or reclassified into other
securities, cash or property, or (F) the public announcement of a pending
transaction of the type set forth in (A), (B), (C) (D) or (E) above which has
not been abandoned or terminated.
(ii) "Market Price," as of any date, means the average of three
lowest intra-day sale prices for the shares of Common Stock on the then
principal market for the Common Stock as reported by Bloomberg during the period
of ten consecutive Trading Days ending on the Trading Day immediately preceding
such date. Notwithstanding anything contained in the foregoing, in no event
shall the Market Price as of any date be greater than the lowest intra-day bid
price on the Trading Day immediately prior to such date.
(iii) "Trading Day" means a day on which the principal United
States securities exchange or trading market where the Common Stock is then
listed or traded as reported by Bloomberg is open for trading.
5. Transfer, Exchange, Redemption and Replacement of Warrant.
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(a) Restriction on Transfer. This Warrant and the rights granted to
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the Holder hereof are transferable, in whole or in part, upon surrender of this
Warrant, together with a properly executed assignment in the form attached
hereto, at the office or agency of the Company referred to in Section 5(e)
below, provided, however, that any transfer or assignment shall be subject to
the conditions set forth in Section 5(f) hereof and to the provisions of Section
2.6 of the Securities Purchase Agreement. Until due presentment for registration
of transfer on the books of the
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Company, the Company may treat the registered Holder hereof as the owner and
Holder hereof for all purposes, and the Company shall not be affected by any
notice to the contrary. Notwithstanding anything to the contrary contained
herein, the registration rights described in Section 6 hereof are assignable
only in accordance with the provisions of the Registration Rights Agreement.
(b) Warrant Exchangeable for Different Denominations. This Warrant is
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exchangeable, upon the surrender hereof by the Holder hereof at the office or
agency of the Company referred to in Section 5(e) below, for new Warrants of
like tenor of different denominations representing in the aggregate the right to
purchase Exercise Shares, which may be purchased hereunder, each of such new
Warrants to represent the right to purchase Exercise Shares at the Exercise
Price therefor as shall be designated by the Holder hereof at the time of such
surrender.
(c) Replacement of Warrant. Upon receipt of evidence reasonably
----------------------
satisfactory to the Company of the loss, theft, destruction, or mutilation of
this Warrant and, in the case of any such loss, theft, or destruction, upon
delivery of an indemnity agreement reasonably satisfactory in form and amount to
the Company, or, in the case of any such mutilation, upon surrender and
cancellation of this Warrant, the Company, at its expense, will execute and
deliver, in lieu thereof, a new Warrant of like tenor.
(d) Cancellation; Payment of Expenses. Upon the surrender of this
---------------------------------
Warrant in connection with any transfer, exchange, or replacement as provided in
this Section 5, this Warrant shall be promptly canceled by the Company. The
Company shall pay all issuance taxes (other than securities transfer taxes) and
charges payable in connection with the preparation, execution, and delivery of
Warrants pursuant to this Section 5. The Company shall indemnify and reimburse
the Holder of this Warrant for all losses and damages arising as a result of or
related to any breach of the terms of this Warrant, including costs and expenses
(including legal fees) incurred by such Holder in connection with the
enforcement of its rights hereunder.
(e) Warrant Register. The Company shall maintain, at its principal
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executive offices (or such other office or agency of the Company as it may
designate by notice to the Holder hereof), a register for this Warrant, in which
the Company shall record the name and address of the person in whose name this
Warrant has been issued, as well as the name and address of each transferee and
each prior owner of this Warrant.
(f) Transfer or Exchange Without Registration. If, at the time of the
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surrender of this Warrant in connection with any transfer, or exchange of this
Warrant, this Warrant (or, in the case of any exercise, the Exercise Shares
issuable hereunder), shall not be registered under the Securities Act and under
applicable state securities or blue sky laws, the Company may require, as a
condition of allowing such transfer or exchange, (i) that the Holder or
transferee of this Warrant, as the case may be, furnish to the Company a written
opinion of counsel (which opinion shall be in form, substance and scope
customary for opinions of counsel in comparable transactions and reasonably
acceptable to the Company) to the effect that such transfer or exchange may be
made without registration under the Securities Act and under applicable state
securities or blue sky laws (the cost of which shall be borne by the Company if
the Company's counsel renders such an opinion), (ii) that the Holder or
transferee execute and deliver to the Company an investment letter in form and
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substance acceptable to the Company and (iii) that the transferee be an
"accredited investor" as defined in Rule 501(a) promulgated under the Securities
Act; provided that no such opinion, letter, or status as an "accredited
investor" shall be required in connection with a transfer pursuant to Rule 144
under the Securities Act.
6. Registration Rights. The initial Holder of this Warrant (and certain
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assignees thereof) is entitled to the benefit of such registration rights in
respect of the Exercise Shares as are set forth in the Registration Rights
Agreement, including the right to assign such rights to certain assignees, as
set forth therein.
7. Notices. Any notices required or permitted to be given under the terms
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of this Warrant shall be sent by certified or registered mail (return receipt
requested) or delivered personally or by courier or by confirmed telecopy, and
shall be effective five days after being placed in the mail, if mailed, or upon
receipt or refusal of receipt, if delivered personally or by courier, or by
confirmed telecopy, in each case addressed to a party. The addresses for such
communications shall be:
If to the Company:
Voxware Inc.
Lawrenceville Office Park
P.O. Box 5363
Princeton, New Jersey 08543
Facsimile: (▇▇▇) ▇▇▇ ▇▇▇▇
Attn: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
with a copy simultaneously transmitted by like means to:
▇▇▇▇ and ▇▇▇▇ LLP
▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
If to the Holder, at such address as such Holder shall have provided in writing
to the Company, or at such other address as such Holder furnishes by notice
given in accordance with this Section 7.
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8. Additional Restriction on Exercise. Notwithstanding anything to the
----------------------------------
contrary contained herein, this Warrant shall not be exercisable by the Holder
or subject to a Mandatory Exercise by the Company to the extent (but only to the
extent) that such exercise by the Holder or Mandatory Exercise would result in
the Holder being the beneficial owner of more than 4.99% of the shares of Common
Stock. For the purposes of this paragraph, beneficial ownership and all
determinations and calculations, shall be determined in accordance with Section
13(d) of the Exchange Act and all applicable rules and regulations thereunder.
For clarification, it is expressly a term of this security that the limitations
contained in this Section 8 shall apply to each successive Holder.
9. Miscellaneous.
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(a) Amendments. This Warrant and any provision hereof may only be
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amended by an instrument in writing signed by the Company and the Holders of a
majority in interest of the Warrants.
(b) Descriptive Headings. The descriptive headings of the several
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Sections of this Warrant are inserted for purposes of reference only, and shall
not affect the meaning or construction of any of the provisions hereof.
10. Governing Law; Jurisdiction. This Warrant shall be governed by and
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construed in accordance with the laws of the State of Delaware. The Company
irrevocably consents to the jurisdiction of the United States federal courts and
state courts located in the State of Delaware in any suit or proceeding based on
or arising under this Warrant and irrevocably agrees that all claims in respect
of such suit or proceeding may be determined in such courts. The Company
irrevocably waives any objection to the laying of venue and the defense of an
inconvenient forum to the maintenance of such suit or proceeding. The Company
further agrees that service of process upon the Company mailed by certified or
registered mail shall be deemed in every respect effective service of process
upon the Company in any such suit or proceeding. Nothing herein shall affect the
Holder's right to serve process in any other manner permitted by law. The
Company agrees that a final non-appealable judgment in any such suit or
proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on such judgment or in any other lawful manner.
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IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its
duly authorized officer.
VOXWARE, INC.
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
---------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
_____________________________
Title: Senior Vice President & Chief Financial
Officer
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FORM OF EXERCISE AGREEMENT
(To be Executed by the Holder in order to Exercise the Warrant)
To: Voxware, Inc.
Lawrenceville Office Park
P.O. Box 5363
Princeton, New Jersey 08543
Facsimile: (▇▇▇) ▇▇▇ ▇▇▇▇
Attn: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
The undersigned hereby irrevocably exercises the right to purchase
_________ shares of Common Stock of Voxware, Inc., a corporation organized under
the laws of the State of Delaware, evidenced by the attached Warrant, and
herewith makes payment of the Exercise Price with respect to such shares, all in
accordance with the conditions and provisions of said Warrant.
The undersigned agrees not to offer, sell, transfer or otherwise dispose of
the shares obtained on exercise of the Warrant, except under circumstances that
will not result in a violation of the Securities Act of 1933, as amended, or any
state securities laws.
The undersigned requests the delivery of the shares to the undersigned at
its listed below:
Dated:_________________ _____________________________________
Signature of Holder
_____________________________________
Name of Holder (Print)
Address:
_____________________________________
_____________________________________
_____________________________________
FORM OF ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers
all the rights of the undersigned under the within Warrant, with respect to the
number of shares of Common Stock set forth hereinbelow, to:
Name of Assignee Address Number of Shares
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, and hereby irrevocably constitutes and appoints ___________________________ as
agent and attorney-in-fact to transfer said Warrant on the books of the within-
named corporation, with full power of substitution in the premises.
Dated: _____________________, 2001
In the presence of
__________________
Name: ____________________________
Signature: _______________________
Title of Signing Officer or Agent (if
any):
_________________________
Address: _________________________
_________________________
Note: The above signature should
correspond exactly with the
name on the face of the within
Warrant.
