exv4w3






Exhibit 4.3



THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933. SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR
PLEDGED IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS THE COMPANY RECEIVES AN OPTION OF COUNSEL
(WHICH MAY BE COUNSEL FOR THE COMPANY) REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR
TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT.




SERIES A PREFERRED STOCK WARRANT




of




NOVASONICS, INC.




     THIS CERTIFIES THAT GLEN McLAUGHLIN (“Warrantholder”) is entitled to subscribe for and
purchase from NOVASONICS, INC., a California corporation (the “company”), 21,333 fully-paid and
non-assessable shares of the Company’s Series A Preferred Stock (the “Preferred”), at a price of
$0.75 per share (the “Warrant Price”), such price and such number of shares being subject to
adjustment upon the occurrence of the contingencies set forth in this Warrant. This Warrant is
granted in connection with the extension of a certain equipment lease line dated October 31, 1999
between the Company and Venture Leasing Associates for a consideration of $10.00.



     Upon delivery of this Warrant, together with payment of the Warrant Price of the shares of the
Preferred thereby purchased, at the principal office of the Company or at such other office or
agency as the Company may designate by notice in writing to the holder hereof, the holder of this
Warrant shall be entitled to receive a certificate or certificates for the shares of Preferred so
purchased. The date at which the Company receives (i) the Warrant and (ii) payment for the shares
of Preferred, either by payment in cash or by check, or by notice of the Warrantholder’s intent to
use the proceeds from the sale of shares at a public offering of securities pursuant to a
registration statement filed by the Company under the Act (as defined below) (a “Public Offering”)
or notice of intent to use shares of Preferred as payment, both as described in Section 1 below, or
such later date as such notice shall specify, shall be referred to herein as the “Exercise Date”.
All shares of Preferred which may be issued upon the exercise of this Warrant will, upon issuance,
be fully paid and non-assessable and free from all taxes, liens and charges with respect thereto,
other than taxes, liens and charges that may be imposed on the shares of Preferred by the
Warrantholder.



     This Warrant is subject to the following terms and conditions:




	 	1.	 	Exercise of Warrant: Subject to the terms and conditions set forth herein, this Warrant may
be exercised in whole or in part, at any time on or before October 31, 2009, by the
surrender of this Warrant at the principal office of the Company and by the
payment to the Company, in the manner provided for in the following paragraph,
of the Warrant Price for all of the Preferred purchased.




 









 












     This Warrant may be exercised by the payment to the Company, by cash or check,
or from the proceeds of the sale of shares of Common Stock issued upon the
conversion of shares of Preferred issued upon exercise of this Warrant sold by the
Warrantholder pursuant to a Public Offering of an amount equal to the aggregate
Warrant Price of the shares being purchased. In lieu of exercising this Warrant as
described above, the Warrantholder may elect to receive shares equal to the value
(as determined below) of this Warrant (or the portion thereof being exercised) by
surrender of this Warrant at the principal office of the Company together with
notice of such election (which notice shall include the number of shares being
exercised hereunder), in which event the Company shall issue to the Warrantholder a
number of shares of Preferred (or Common Stock if the Preferred has been converted
into Common Stock) equal to the quotient obtained by dividing (x) the value of the shares of Preferred being exercised (the “Exercised Shares”) on the Exercise Date,
which value shall be determined by subtracting (A) the aggregate Warrant Price of
the Exercised Shares immediately prior to the exercise of the Warrant from (B) the
aggregate fair market value of the Exercised Shares on the Exercise Date, by (y) the
fair market value of one share of Preferred (or Common Stock if the Preferred has
been converted into Common Stock) as of the Exercise Date. No fractional shares
shall be issuable upon exercise of this Warrant, and if the number of shares to be
issued determined in accordance with the foregoing formula is other than a whole
number, the Company shall pay to the Warrantholder an amount in cash equal to the
fair market value of the resulting fractional share on the Exercise Date.




     This Warrant may be exercised upon (i) the closing of an initial Public
Offering, subject to the restrictions set forth in the Rights Agreement dated June
11, 1999 among the Company and certain investors, as amended (the “Rights
Agreement”), (ii) the closing of any consolidation or merger of the Company with or
into any other unaffiliated corporation, entity or person, or any other
reorganization in which the Company shall not be the continuing or surviving entity
of such consolidation, merger or reorganization, or (iii) the sale of all or
substantially all of the assets of the Company. The Company shall notify the
Warrantholder if an event or transaction of the kind described in this paragraph is
proposed at lease fifteen days prior to the closing of such event or transaction;
such notice shall also contain such details of the proposed event or transaction as
are reasonable in the circumstances.




     Certificates for the shares issuable upon exercise of this Warrant and, if
applicable, a new warrant evidencing the balance of the shares remaining subject to
this Warrant shall be issued as of the Exercise Date and shall be delivered to the
Warrantholder, or as such Warrantholder may direct (subject to the restrictions upon
transfer contained herein and upon payment by such Warrantholder of any applicable
transfer taxes) within thirty days following the Exercise Date.




     For purposes of this Section 1, the fair market value of one share of the
Preferred (or Common Stock if the Preferred has be converted into Common Stock)
shall be determined as follows:



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	 	(i)	 	If this Warrant is exercised in connection with
and contingent upon a Public Offering, and if the Company’s
registration statement relating to such Public Offering has been
declared effective by the Securities and Exchange Commission, then the
fair market value shall be the initial “Price to Public” per share
specified in the final prospectus with respect to such offering.
	 
	 	(ii)	 	If this Warrant is exercised in connection with
a merger, consolidation or sale of substantially all assets of the
Company, then the fair market value per share shall be equal to the sum
of all cash, stock and other consideration received by the Company,
divided by the number of outstanding shares of the Company’s Capital
stock.
	 
	 	(iii)	 	If this Warrant is not exercised in connection
with (i) or (ii) above, then the fair market value shall be determined
in good faith by the Company’s Board of Directors and the Lessor if
such exercise occurs prior to the Company’s initial Public Offering.
Following the Company’s initial Public Offering, the fair market value
per share shall be the average of the closing sale prices of the
Company’s Common Stock as quoted on the New York Stock Exchange (or the
closing price on any exchange on which the Common Stock may be listed
at the time of exercise of this Warrant or the closing price as
reported by the NASDAQ National Market System at that time) as
published in The Wall Street Journal for the ten trading days prior to
the date of determination of the market value.






	 	2.	 	Transfer of Warrant. Except in accordance with the conditions contained in Section 3 hereof, this
Warrant and all rights hereunder are not transferable.
	 
	 	3.	 	Condition of Transfer or Exercise of Warrant. It shall be a condition to any transfer or exercise of this Warrant that the
Company shall have received, at the time of such transfer or exercise, a
representation in writing that this Warrant (or portion hereof transferred) or the shares of Preferred or other securities being issued upon such exercise, as the case
may be, are being acquired for the investment not with a view to any sale or
distribution thereof, or a statement of the pertinent facts covering any proposed
distribution thereof. It shall be a further condition to any transfer of this
Warrant or of any or all of the shares of Preferred issued upon exercise of this
Warrant, or Common Stock issued upon conversion of the Preferred, other than a transfer
registered under the Securities Act of 1933, as amended (the “Act”), that the
Company shall have received a legal opinion, in form and substance satisfactory to
the Company and its counsel, reciting the pertinent circumstances surrounding the
proposed transfer and stating that such transfer is exempt form the prospectus and
the registration requirements of the Act. The requirement of a legal opinion shall
not apply to the transfer of this Warrant or any part thereof to a partnership of
which the Warrantholder is a




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	 	 	 	partner or to the beneficial owners of such partnership
without further consideration, so long as such transfer is in compliance with
applicable securities laws. Each certificate evidencing the shares of Preferred
issued upon exercise of this Warrant, or Common tock issued upon conversion of the
Preferred, or upon any transfer of such shares (other than a transfer registered
under the Act or any subsequent transfer of shares so registered) shall, at the
option of the Company, contain a legend, in form and substance satisfactory to the
Company and its counsel, restricting the transfer of such shares to sales or other
dispositions exempt from the requirements of the Act.






     It shall be a further condition to each such transfer that the transferee shall
receive and accept a Warrant, of like tenor and date, executed by the Company.




	 	4.	 	Adjustment of Warrant Price and Number of Shares Purchasable Hereunder. The Warrant Price and the number of shares purchasable hereunder shall be
subject to adjustment from time to time in accordance with the following provisions:






	 	(a)	 	Subdivisions or Combinations. In case the Company shall at any time subdivide the outstanding shares of
its Preferred Stock, the Warrant Price in effect immediately prior to such
subdivision shall be proportionately decreased, and in case the Company
shall at any time combine the outstanding shares of its Preferred Stock, the
Warrant Price in effect immediately prior to such combination shall be
proportionately increased, effective at the close of business on the date of
such subdivision or combination, as the case may be.
	 
	 	(b)	 	Stock Dividends. In case the Company shall at any time pay a dividend with respect to
Preferred payable in Preferred, then the Warrant Price in effect immediately
prior to the record date for distribution of such dividend shall be adjusted
to that price determined by multiplying the Warrant Price in effect
immediately prior to such record date by a fraction (i) the numerator of
which shall be the total number of shares of Preferred outstanding
immediately prior to distribution of such dividend and (ii) the denominator
of which shall be the total number of shares of Preferred outstanding
immediately after distribution of such dividend.
	 
	 	(c)	 	Number of Shares. Upon each adjustment pursuant to subdivisions (a) or (b) of this
Section 4, the registered holder of this Warrant shall thereafter (until
another such adjustment) be entitled to purchase, at the adjusted Warrant
Price, the number of shares of Preferred, calculated to the nearest full
share, obtained by multiplying the number of shares of Preferred purchasable
hereunder immediately prior to such adjustment by the Warrant Price in
effect prior to such adjustment and dividing the product so obtained by the
adjusted Warrant Price.
	 
	 	(d)	 	Reclassification. In case of any reclassification, change or conversion of securities of
the class or series issuable upon exercise of this Warrant




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	 	 	 	(other than as a result of an event described in Section 4(a) and 4(b) above), or any
consolidation or merger of the Company with another corporation, or the sale
of all or substantially all of its assets to another corporation, the
Company, or such successor or purchasing corporation, as the case may be,
shall duly execute and deliver to the Warrantholder a new warrant so that
the Warrantholder shall have the right to receive, at a total purchase price
not to exceed that payable upon the exercise of the unexercised portion of
this Warrant, and in lieu of the shares of Preferred theretofore issuable
upon exercise of this Warrant, the kind and amount of shares of stock, other
securities, money and property receivable upon such reclassification, change
or conversion or consolidation, merger or sale of assets by a holder of the
number of shares of Preferred than purchasable under this Warrant. Such new
warrant shall provide for adjustments that shall be as nearly equivalent as
may be practicable to the adjustments provided for in this Section 4. The
provisions of this subparagraph (d) shall similarly apply to successive
reclassifications, changes, and conversions.
	 
	 	(e)	 	Antidilution Rights. The antidilution rights applicable to the Preferred and the Common Stock
of the Company are set forth in the Articles of Incorporation (the
“Articles”), as amended from time to time, a true and complete copy in its
current form which is attached hereto as Exhibit A. The Company shall
promptly provide the Warrantholder hereof with any restatement, amendment or
modification to the Articles promptly after the same has been made.






	 	5.	 	Notices.






	 	(a)	 	Upon any adjustment of the Warrant Price and any increase or
decrease in the number of shares of Preferred purchasable upon the exercise of
this Warrant, then, and in each such case, the Company, within thirty (30) days
thereafter, shall give written notice thereof to the registered holder of this
Warrant at the address of such holder as shown on the books of the Company
which notice shall state the Warrant Price as adjusted and the increased or
decreased number of shares purchasable upon the exercise of this Warrant,
setting forth in reasonable detail the method of calculation of each.
	 
	 	(b)	 	In the event that the Company shall propose at any time to
effect a Public Offering of the Company’s Common Stock pursuant to an effective
registration statement under the Act, the Company shall send to the
Warrantholder at least twenty days’ prior written notice of the date when the
same is anticipated to take place; provided, however, that the failure to give
such notice shall not give the Warrantholder the right to delay or otherwise
restrain or affect the Public Offering. Such written notice may be in lieu of
the notice required under the third paragraph of Section 1 and shall be given
by first class mail, postage prepaid, addressed to the




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	 	 	 	Warrantholder at the address as shown on the books of the Company for the Warrantholder.






	 	6.	 	Registration. The Warrantholder shall be entitled to the registration rights as set forth in
the Rights Agreement, provided that the Warrantholder agrees in writing to be bound
by such provisions.
	 
	 	7.	 	Representations of Warrantholder. Concurrently with the receipt of this Warrant, the Warrantholder shall have
executed the Investment Representation Statement in the form attached hereto as
Exhibit B.
	 
	 	8.	 	Representations and Warranties of the Company. The Company represents and warrants to the Warrantholder, as of the Effective
Date set forth below, as follows:






	 	(a)	 	This warrant has be duly authorized and executed by the Company
and is a valid and binding obligation of the Company, enforceable in accordance
with its terms except as to (i) the effect of applicable bankruptcy and similar
laws affecting the rights of creditors, and (ii) the effect of rules of law
governing specific performance, injunctive relief and other equitable remedies.
	 
	 	(b)	 	The Preferred has been duly authorized and reserved for
issuance by the Company and, when issued in accordance with the terms hereof,
will be validly issued, fully paid and non-assessable and free from all taxes, liens
and charges with respect to the issue of such shares, other than taxes,
liens and charges imposed by the Warrantholder.
	 
	 	(c)	 	The rights, preference, privileges and restrictions granted to
or imposed upon the Preferred and the holders thereof are set forth in the
Articles, and the Preferred Stock and Warrant Purchase Agreement, dated June
11, 1999 and the Rights Agreement, true and complete copies of which have been
delivered to the Warrantholder.
	 
	 	(d)	 	The execution and delivery of this Warrant is not, and the
issuance of the Preferred upon exercise of this Warrant in accordance with the
terms hereof is not, inconsistent with the Company’s Articles of Incorporation
or Bylaws, does not contravene any material law, governmental rules or
regulation, judgment or order applicable to the Company, and does not conflict
with or contravene any provision of, or constitute a default under, any
material indenture, mortgage, contract or other instrument of which the Company
is a party or by which it is bound or require the consent or approval of, the
giving of notice to, the registration or filing with or the taking of any
action in respect of or by, any federal, state or local government authority or
agency or other person, other than state or federal securities law filings.




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	 	(e)	 	During the period within which this Warrant may be exercised,
the Company will at all times have authorized and reserved for the purpose of
the issue upon exercise of this Warrant a sufficient number of shares of its
Preferred to provide for the exercise of this Warrant and a sufficient number
of shares of its Common Stock to provide for the conversion of the Preferred
into Common Stock.






	 	9.	 	Miscellaneous.






	 	(a)	 	The terms of this Warrant shall be binding upon and shall inure
to the benefit of any successors or assigns of the Company and of the holder or
holders hereof and of the Preferred issued or issuable upon the exercise
hereof, and all of the obligations of the Company relating to the Preferred
issuable upon exercise of this Warrant shall survive the exercise of this
Warrant.
	 
	 	(b)	 	No holder of this Warrant, as such, shall be entitled to vote
or receive dividends or be deemed to be a shareholder of the Company for any
purpose, nor shall anything contained in this Warrant be construed to confer
upon the holder of this Warrant, as such, any rights of a shareholder of the
Company or any right to vote, give or withhold consent to any
corporate action, receive notice of meetings, receive dividends or
subscription rights, or otherwise.
	 
	 	(c)	 	Receipt of this Warrant by the holder hereof shall constitute
acceptance of and agreement to the foregoing terms and conditions.
	 
	 	(d)	 	The Company will not, by amendment of it Articles of
Incorporation or through any other means, avoid or seek to avoid the observance
or performance of any of the terms of this Warrant, but will at all times in
good faith assist in the carrying out of all such terms and in the taking of
all such action as may be necessary or appropriate in order to protect the
rights of the holder of this Warrant against impairment.
	 
	 	(e)	 	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 such Warrant, the
Company will execute and deliver, in lieu thereof, a new Warrant of like date
and tenor.
	 
	 	(f)	 	This Warrant shall be governed by, construed and enforced in
accordance with the laws of the State of California, as applied to agreements
made and performed in California by residents of the State of California.
	 
	 	(g)	 	The Warrantholder shall be entitled to receive such financial
and other information as set forth in the Rights Agreement.




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     IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized
officer.



	 	 	 	 	 	 	 
	Effective Date of Warrant: October 31, 1999  	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	COMPANY: NOVASONICS, INC.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Mir Imran	 	 	 	 
	 	 	   	 	 
	 
	 	 	 	 	 	 
	Title:

	 	President	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Accepted and Agreed:	 	 
	 
	 	 	 	 	 	 
	WARRANTHOLDER: GLEN McLAUGHLIN	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Glen McLaughlin
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 	 	 	 	 





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EXHIBIT A




NOTICE OF ELECTION




Ladies and Gentlemen:


The undersigned warrantholder (the “Warrantholder”) hereby elects to exercise that certain Series
___ Preferred Stock Warrant (the “Warrant”) by and between the Warrantholder and the Company,
dated                     , by surrendering the Warrant at the principal office of the Company, in
exchange for ___ shares of Common Stock of                     .



The Warrantholder hereby confirms and acknowledges the investment representations and warranties
made in Section 8 of the Warrant, a copy of which is available from the Company, and accepts such
shares subject to the restrictions of the Warrant.




	 	 	 	 	 
	Dated:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	WARRANTHOLDER:	 	 
	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 
	(Signature)	 	 
	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 
	(Typed or Printed Name)	 	 
	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 
	(Title)	 	 
	 
	 	 	 	 
	Address:	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 





 









 





EXHIBIT B




INVESTMENT REPRESENTATION STATEMENT




	 	 	 
	 

	 	Warrants to Purchase
	 

	 	___ Shares of Series
___ Preferred
	 

	 	Stock of                     






     In connection with the purchase of the above-listed securities the undersigned hereby
represents to                                          (the “Company”) as follows:



     Receipt of Information. The undersigned has received all the information it considers
necessary or appropriate for deciding whether to purchase the Preferred Stock issuable upon
exercise of the Warrant dated                      (the “Warrant”) issued by the Company to the
undersigned, and it has examined any information furnished to it by the Company in connection
therewith.



     Investment Representation.




(a) The shares of Stock to be received by the undersigned upon exercise of the Warrant (the
“Securities”) will be acquired for investment for its own account, not as a nominee or
agent, and not with a view to the sale or distribution of any part thereof, and the
undersigned has no present intention of selling, granting participation in or otherwise
distributing the same, but subject, nevertheless, to any requirement of law that the
disposition of its property shall at all times be within its control. By executing this
Statement, the undersigned further represents that it does not have any contract,
undertaking, agreement or arrangement with any person to sell, transfer, or grant
participations to such person or to any third person, with respect to any Securities
issuable upon exercise of the Warrant.




(b) The undersigned understands that the Securities issuable upon exercise of the Warrant at
the time of issuance may not be registered under the Securities Act of 1933, as amended (the
“Act”), and applicable state securities laws, on the ground that the issuance of such
securities is exempt pursuant to Section 4(2) of the Act and state law exemptions relating
to offers and sales not by means of a public offering, and that the Company’s reliance on
such exemptions is predicated on the undersigned’s representations set forth herein. The
undersigned is an “Accredited Investor” as such term is defined in Rule 501 of the
Securities and Exchange Commission.




(c) The undersigned agrees that in no event will it make a disposition of any Securities
acquired upon the exercise of the Warrant unless and until (i) it shall have notified the
Company of the proposed disposition and shall have furnished the Company with a statement of
the circumstances surrounding the proposed disposition, and (ii) it shall have furnished the
Company with an opinion of counsel satisfactory to the Company and the Company’s counsel to
the effect that (a) appropriate action necessary for compliance with the Act and any
applicable state securities laws has been taken or an



 









 







exemption from the registration requirements of the Act and such laws is available, and
(b) that the proposed transfer will not violate any of said laws.




(d) The undersigned represents that it is able to fend for itself in the transactions
contemplated by this Statement, has such knowledge and experience in financial and business
matters as to be capable of evaluating the merits and risks of its investments, and has the
ability to bear the economic risks (including the risk of a total loss) of its investment.
The undersigned represents that it has had the opportunity to ask questions of the Company
concerning the Company’s business and assets and to obtain any additional information which
it considered necessary to verify the accuracy of or to amplify the Company’s disclosures,
and has had all questions which have been asked by it satisfactorily answered by the
Company.




(e) The undersigned acknowledges that the Securities issuable upon exercise of the Warrant
must be held indefinitely unless subsequently registered under the Act or an exemption from
such registration is available. The undersigned is aware of the provisions of Rule 144
promulgated under the Act which permit limited resale of shares purchased in a private
placement subject to the satisfaction of certain conditions, including, among other things,
the existence of a public market for the shares, the availability of certain current public
information about the Company, the resale occurring not less than one year after a party has
purchased and paid for the security to be sold, the sale being through a “broker’s
transaction” or in transactions directly with a “market maker” (as provided by Rule 144(f))
and the number of shares being sold during any three-month period not exceeding specified
limitations. The undersigned is aware that the conditions for resale set forth in Rule 144
have not been satisfied.



	 	 	 	 	 
	Dated:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	(Signature)	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	(Typed or Printed Name)	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	(Title)	 	 






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STOCK WARRANT ASSIGNMENT




     FOR VALUE RECEIVED, Glen McLaughlin, the holder of a Series A Preferred Stock Warrant dated
October 31, 1999 (the “Warrant”) to purchase capital stock of NOVASONICS, INC. (the “Company”)
hereby transfers and assigns one-half thereof to each of Helen E. McLaughlin O’Rourke and Glen
Wallace McLaughlin, giving each of them separately the right to purchase one-half of the shares
purchasable in accordance with the terms of the Warrant.



     The undersigned transferees, each represent and warrant that they are acquiring their
respective one-half interests in the Warrant for investment purposes only, and not with a view to
the further sale or distribution thereof, and that they are accredited investors and subject to the
terms and obligations of the Warrant.



     The undersigned request that Company register each of them as owners of their one-half of the
Warrant on its books in the following names:



	 	 	 	 	 	 	 	 	 	 	 
	Helen E. McLaughlin O’Rourke	 	 	 	Glen Wallace McLaughlin	 	 
	14016 Camino Barco	 	 	 	14016 Camino Barco	 	 
	Saratoga, CA 95070-5661	 	 	 	Saratoga, CA 95070-5661	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	/s/ Helen E. McLaughlin O’Rourke
 

	 	 	 	Signature:
	 	/s/ Glen W. McLaughlin
 

	 	 






     All notices respecting the Warrant should be sent to:


Venture Asset Management, Inc.

1657 N. California Blvd., Suite 201

Walnut Creek, CA 94596

Attention: Jeremy D. Weinstein




SIGNATURE OF HOLDER/TRANSFEROR




     WITNESS MY HAND this 31st day of October, 1999



	 	 	 	 	 	 	 
	 

	 	Signature:
	 	/s/ Glen McLaughlin	 	 
	 

	 	 	 	 

Glen McLaughlin
	 	 
















 






CONSENT OF COMPANY




     The foregoing transfer and assignment is consented to by the Company. Company agrees to take
such further action, and execute such further documents, as are necessary to accomplish the intent
and purpose hereof.



	 	 	 	 	 
	Novasonics, Inc

	 	 
	 
	 	 	 	 
	By:

	 	/s/ Mir Imran	 	 
	 

	 	 

	 	 
	Its:

	 	Presidenet and CEO	 	 
	 

	 	 

	 	 







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