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Common Stock Purchase Warrant

 

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Title:

Common Stock Purchase Warrant

Entities:

Bionutrics, Inc.; Greenberg Traurig; Tamarack International Limited

Date:

2001

Size:

Preview shows 4KB of 26KB total

Price:

$40

ID:

#284275

 

 

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NEITHER THIS WARRANT, NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE

HEREOF, HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAW. SUCH SECURITIES MAY
NOT BE SOLD OR OTHERWISE TRANSFERRED UNLESS (i) A REGISTRATION STATEMENT UNDER
THE SECURITIES ACT AND SUCH APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME
EFFECTIVE WITH REGARD THERETO OR (ii) IN THE OPINION OF COUNSEL IN FORM AND
SUBSTANCE REASONABLY ACCEPTABLE TO THE COMPANY, REGISTRATION UNDER THE
SECURITIES ACT AND SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN
CONNECTION WITH A PROPOSED SALE OR TRANSFER.

COMMON STOCK
PURCHASE WARRANT

For the Purchase of Shares of

Common Stock of

BIONUTRICS, INC.

(Par Value $0.001 Per Share)

(Incorporated under the Laws of the State of Nevada)

VOID AFTER 5:00 P.M. PST ON October 24, 2002

Date of Original Issuance: October 25, 2000

This is to certify that, for value received, TAMARACK INTERNATIONAL
LIMITED, or assigns (the "Warrantholder"), is entitled, subject to the terms and
conditions hereinafter set forth, to purchase 50,000 shares of common stock, par
value $0.001 per share (the "Common Stock"), of BIONUTRICS, INC., a Nevada
corporation (the "Company"), for the Warrant Price (as defined below), and to
receive a certificate or certificates for the shares of Common Stock so
purchased. This Warrant is being issued in connection with the terms of that
certain Stock Purchase Agreement dated October 25, 2000, by and between the
Warrantholder and the Company.

1. TERMS AND EXERCISE OF WARRANT.

(a) WARRANT SHARES. Warrant Shares (as defined below) may be
acquired in accordance with the terms of this Warrant until the Termination Date
(as defined below). The Warrantholder may exercise this Warrant with respect to
all Warrant Shares effective immediately.

(b) EXERCISE PERIOD. Subject to the terms of this Warrant, the
Warrantholder shall have the right, at any time during the Exercise Period (as
defined below), to exercise this Warrant for any or all Warrant Shares and to
purchase from the Company up to the number of fully paid and nonassessable
shares of Common Stock which the Warrantholder may at the time be entitled to
purchase pursuant to this Warrant. The 50,000 shares of Common Stock subject to
this Warrant and any other securities that the Company may be required by the
operation of Section 3 to issue upon the exercise hereof are referred to herein
as the "Warrant Shares." The "Exercise Period" shall mean the period commencing
on the Date of Original Issuance for such Warrant Shares and ending at 5:00
P.M.,
{PAGE} 2
Mountain Standard Time, on October 24, 2002 (the "Termination Date"), or if such
date is a day on which banking institutions are authorized by law to close, then
on the next succeeding day which shall not be such a day. If this Warrant is not
exercised on or prior to the Termination Date, this Warrant shall become void
and all rights of the Warrantholder hereunder shall cease.

(c) METHOD OF EXERCISE. The Warrantholder may exercise this
Warrant by surrender of this Warrant to the Company at its principal office in
Phoenix, Arizona (or at such other address as the Company may designate by
notice in writing to the Warrantholder at the address of the Warrantholder
appearing on the books of the Company or such other address as the Warrantholder
may designate in writing), together with the form of Election to Purchase
included as Exhibit A hereto, duly completed and signed, and upon payment to the
Company of the Warrant Price (as defined in Section 2) multiplied by the number
of Warrant Shares being purchased upon such exercise (the "Aggregate Warrant

 

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