exv4w10







Exhibit 4.10



FIRST AMENDMENT TO

SERIES D WARRANT AGREEMENT




          THIS FIRST AMENDMENT is entered into as of this 9 day of November, 2009, between XStream
Systems, Inc., a Delaware corporation (the “Company”), and the Holders from time to time of the
Warrants created under the Series D Warrant Agreement dated as of August 27, 2009 (the “Warrant
Agreement”) between the Company and such Holders.




          WHEREAS, the Company is party to the Warrant Agreement providing for the issuance from time to
time of Warrants designated the Series D Warrants to purchase shares of Common Stock of the
Company;




          WHEREAS, the Company and the Holders desire to amend the Warrant Agreement in order to include
the Company’s 2009 Long Term Incentive Plan and any successor plans within the meaning of the term
“Option Plan” as hereinafter provided;




          WHEREAS, the Company and the Holders desire to further amend the Warrant Agreement in order to
in order to prevent the grant of 1,000,000 options or other share-based award in such amount to Mr.
James Lowrey from triggering an adjustment to the Exercise Price of the Warrants;




          WHEREAS, the Company and the Holders desire to amend various other sections of the Warrant
Agreement in order to accommodate for the Company’s anticipated initial public offering of its debt
and equity securities, including restricting the Holder’s ability to exercise the Warrants for a
period of three years after the IPO Effective Date (defined herein), as hereinafter provided; and




          WHEREAS, the Company and the Majority Warrant Holders have approved and consented to this
Amendment as indicated by their signatures affixed hereto.




          NOW, THEREFORE, in consideration of the foregoing, the parties hereto hereby agree as follows:




     1. Amendment.



          (a) Section 2.1. Section 2.1 of the Warrant Agreement shall be amended as follows:





          (i) The existing definition of “Convertible Securities” shall be deleted in its
entirety and replaced with the following new definition:




          “Convertible Securities” means any stock or securities directly or indirectly
convertible into or exchangeable for Common Stock, except for securities issued in
connection with a Public Offering.



 









 






          (ii) The existing definition of “Option Plan” shall be deleted in its entirety and
replaced with the following new definition:




          “Option Plan” means the Company’s Amended and Restated 2004 Stock Option
Incentive Plan, as amended by that certain First Amendment, dated as of July 23,
2009, and the Company’s 2009 Long Term Compensation Plan, including any amendments
thereto or successor plan thereof.




          (iii) The defined term “Qualified IPO” is hereby deleted in its entirety.




          (v) The following new defined terms and their respective meanings shall be inserted in
their appropriate alphabetical order:




          “IPO Effective Date” means the effective date of the registration statement
relating to the Company’s initial Public Offering.




          “Public Offering” means any offering by the Company of its debt or equity
securities to the public pursuant to an effective registration statement under the
Securities Act, as then in effect, or any comparable statement under any similar
federal statute then in force.




          “Restriction Period” means the time period beginning on the IPO Effective Date
and ending on the date that is three (3) years after the IPO Effective Date.



          (b) Section 3.2(a). Section 3.2(a) of the Warrant Agreement shall be amended by
deleting the term “Original Issue Date” in the first sentence thereof and replacing it with the
phrase “expiration of the Restriction Period”.




          (c) Section 5.2(b). Section 5.2(b) of the Warrant Agreement shall be amended as
follows:





          (i) by deleting subsection (x) thereof in its entirety and replacing it with the
following new subsection (x):




          “(x) securities issued in connection with a Public Offering;”




          (ii) by appending the following as a new subsection (xi) immediately after new
subsection (x) thereof and renumbering the remaining subsections which follow thereafter
accordingly:




          “(xi) 1,000,000 incentive stock options or other share-based award in
such amount to Mr. James Lowrey, current chairman and chief executive officer
of the Company, approved at the August 14, 2009 meeting of the Board in
consideration for services rendered to the Company;”



 









 





          (d) Section 8.1. Section 8.1 of the Warrant Agreement shall be amended by deleting
subclauses (d) and (e) and subclause (iii) therein in their entirety. Any grammatical or other
adjustments necessary in the language surrounding such deletions shall be deemed to have been
made and incorporated therein in all respects.




          (e) Section 12. The text in Section 12 of the Warrant Agreement is hereby deleted in
its entirety and the phrase “Intentionally Deleted.” shall be inserted in its place.




          (f) Exhibit A. The first sentence of the main paragraph of Exhibit A to the Warrant
Agreement shall be deleted in its entirety and replaced with the following new first sentence:





     “This Series D Warrant Certificate entitles [                    ], and its permitted assigns, to
purchase from XStream Systems, Inc., a Delaware corporation (the “Company”), [___] shares of
duly authorized, validly issued, fully paid and nonassessable shares of common stock, par
value $0.0001 per share (the “Common Stock”), of the Company at the purchase price per share
of $3.00 (subject to adjustment as provided in Section 5 of the hereinafter defined Warrant
Agreement (as so adjusted, the “Exercise Price”)), at any time or from time to time
beginning on the three (3) year anniversary of the effective date of the registration
statement relating to the Company’s initial public offering of its debt or equity securities
pursuant to a registration statement declared effective under the Securities Act of 1933, as
amended, and prior to 5:00 P.M., New York, New York time, on August 27, 2019 (such date, the
“Expiration Date”), all subject to the terms and conditions set forth in the Warrant
Agreement, dated as of August 27, 2009 (as may be amended, modified or restated from time to
time, the “Warrant Agreement”), by and among the Company and the holders from time to time
of the Warrants (the “Holders”).”



     2. Reference to and Effect on Warrant Agreement; Reaffirmation.



          (a) Upon the effectiveness of this Amendment, each reference in the Warrant Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein,” “hereby” or words of like import shall mean and be a
reference to the Warrant Agreement as amended hereby, and each reference to the Warrant Agreement
in any other document, instrument or agreement executed and/or delivered in connection with the
Warrant Agreement, the Original Purchase Agreement and/or the Series D Purchase Agreement shall
mean and be a reference to the Warrant Agreement as amended hereby.




          (b) Except as specifically amended hereby, the Warrant Agreement shall remain in full force
and effect and is hereby ratified and confirmed. The execution, delivery and effectiveness of this
Amendment shall not constitute a waiver of any provision contained in the Warrant Agreement, except
as specifically set forth herein.




     3. Governing Law. In all respects, including all matters of construction, validity
and performance, this Amendment and the Warrants and the obligations arising hereunder and
thereunder shall be governed by, and construed and enforced in accordance with, the laws of the
State of Florida applicable to contracts made and performed in such state, except with respect to
the validity of this Amendment and the Warrants, the issuance of Warrant Stock upon exercise of



 









 







the
Warrants and the rights and duties of the Company with respect to registration of transfer, which
shall be governed by the laws of the State of Delaware.



     4. Recitals. The recitals set forth above are true, accurate, and incorporated herein
by reference.



     5. Interpretation.



          (a) Capitalized terms used herein without definition shall have the respective definitions
assigned to those terms in the Warrant Agreement, as amended by this Amendment.




          (b) Headings of Sections are inserted for convenience of reference only and shall not be
deemed a part of or to affect the meaning or interpretation of this Amendment.




          (c) This Amendment may be executed in two or more counterparts, all of which when taken
together shall be considered one and the same agreement, it being understood that the parties need
not sign the same counterpart.




          (d) Each of the parties to this Amendment has had the benefit of counsel in connection with
its review and negotiation of this Amendment. Consequently, the parties confirm that this
Amendment shall not be construed on the basis of any presumption or rule requiring construction or
interpretation against the party drafting an agreement or instrument or causing any agreement or
instrument to be drafted.




[Signature Page Follows]




 









 









     IN WITNESS WHEREOF, the Company has caused this Amendment to be executed as of the day and
year first above written.



	 	 	 	 	 	 	 
	 	 	XSTREAM SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Anthony Chidoni	 	 
	 

	 	Name:

Title:
	 	 

Anthony Chidoni 


Secretary
	 	 






[Holders’ signature pages follow.]




[Signature Page to First Amendment to Series D Warrant Agreement]




 









 





[OMNIBUS SIGNATURE PAGES TO WRITTEN CONSENT OF A




MAJORITY OF THE SECURITYHOLDERS OF




XSTREAM SYSTEMS, INC.]






 









 






NOTE:




The following counterpart signature pages of holders of Series D Warrants that have approved
this amendment as set forth below, are attached pursuant to the authorization contained in the
November 9, 2009 Written Consent of the Holders of a Majority of the Capital Stock and Preferred
Stock Warrants approving this First Amendment to the Series D Warrant Agreement.




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Series D	 	 	 	 	 	Approval 	 	D Shares	 	D %
	Name	 	Preferred(1)	 	% of D	 	Rec’d	 	Approved	 	Achieved
	 
	1. Alan Austin Living Trust dated 9/26/097

	 	 	133,333	 	 	 	23.67	%	 	 	Y	 	 	 	133,333	 	 	 	23.67	%
	2. Anthony Chidoni

	 	 	13,333	 	 	 	2.37	%	 	 	Y	 	 	 	13,333	 	 	 	2.37	%
	3. Deborah Pipines

	 	 	33,333	 	 	 	5.92	%	 	 	Y	 	 	 	33,333	 	 	 	5.92	%
	4. Dennis H. Ferro

	 	 	16,666	 	 	 	2.96	%	 	 	—	 	 	 	 	 	 	 	 	 
	5. E. Darracott Vaughan, Jr., M.D.

	 	 	10,000	 	 	 	1.77	%	 	 	Y	 	 	 	10,000	 	 	 	1.77	%
	6. HLG, LLC(2)

	 	 	66,660	 	 	 	11.83	%	 	 	Y	 	 	 	66,660	 	 	 	11.83	%
	7. James Coyne

	 	 	15,000	 	 	 	2.66	%	 	 	—	 	 	 	 	 	 	 	 	 
	8. James Lowrey(2)

	 	 	100,000	 	 	 	17.75	%	 	 	Y	 	 	 	100,000	 	 	 	17.75	%
	9. JTW Partners(2)

	 	 	33,340	 	 	 	5.92	%	 	 	Y	 	 	 	33,340	 	 	 	5.92	%
	10. Lowrey Family Investments LLC(3)

	 	 	(3	)	 	 	(3	)	 	 	(3	)	 	 	(3	)	 	 	(3	)
	11. Mark S. Butler

	 	 	16,750	 	 	 	2.97	%	 	 	Y	 	 	 	16,750	 	 	 	2.97	%
	12. Robert Kennedy

	 	 	8,333	 	 	 	1.48	%	 	 	Y	 	 	 	8,333	 	 	 	1.48	%
	13. Simon Irish

	 	 	100,000	 	 	 	17.75	%	 	 	Y	 	 	 	100,000	 	 	 	17.75	%
	14. William G. Hamilton, M.D.

	 	 	16,667	 	 	 	2.96	%	 	 	Y	 	 	 	16,667	 	 	 	2.96	%
	          TOTALS:

	 	 	563,415	 	 	 	100.00	%	 	 	 	 	 	 	531,749	 	 	 	94.38	%








 




			
	(1)	 	Holders of Series B, C & D Preferred Stock received 5 warrants for each share of
Series B, C or D
Preferred Stock.
	 
	(2)	 	These shares of Series D Preferred Stock originally owned by Lowrey Family
Investments LLC were
transferred in connection with estate planning activities to their current holder.
Lowrey Family
Investments LLC retained ownership of the Series D Warrants attached to these
shares.
	 
	(3)	 	Holds an aggregate of 1,000,000 Series D Warrants issued in connection with the
shares of Series D
Preferred Stock now owed by Mr. James Lowrey, HLG, LLC and JTW Partners.


















 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned:





 








 









	*** IMPORTANT*** *** RETURN IMMEDIATELY ***
Please sign and return via electronic delivery to distefanor@gtlaw.com,
or via facsimile lo Rebecca G. DiStefano, Esq. at (561) 367-6251.
SIGNATURE PAGE
TO
WRITTEN CONSENT OF THE
HOLDERS OF A MAJORITY OF THE
CAPITAL STOCK AND PREFERRED STOCK WARRANTS
OF XSTREAM SYSTEMS, INC,
The undersigned stockholder of XStream Systems, Inc. hereby adopts the resolutions set forth
in this Majority Written Consent and authorized its attachment as a counterpart to each of the
First Amendment to Series B Warrant, the First Amendment to Series C Warrant, the First
Amendment to Series D Warrant, the First Amendment to Securityholders’ Agreement, and the
First Amendment to Registration Rights Agreement, as appropriate.
Majority Written Consent executed by the undersigned Stockholder as of 2009.
If an Entity: If an Individual (or if stock is held as Joint Tenants,
Tenants in Common or as Community Property):
Name of Stockholder (please PRINT) Name of Stockholder (please PRINT) \
By:
Name: Signature of Stockholder
Title:
Address: Signature of Joint Tenant, Tenant in Common or other co-owner, if
any:
Telephone: ( )
Facsimile: ( ) Name of Stockholder (please PRINT)
Signature of Stockholder
Address:
Telephone: ( )
Facsimile: ( )
TO BE .COMPLETED BY COMPANY:
Number of Shares of Common Stock Owned:
Number: of Shares of Series A Preferred Stock Owned :
Number of Shares of Series B Preferred Stock Owned:
Number of Series B Warrants Owned:
Number of Shares of Series C Preferred Stock Owned:
Number of Series C Warrants Owned:
Number of Shares of Series D Preferred Stock Owned:
Number of Series D Warrants Owned: