Form of Warrant issued to independent directors



 EXHIBIT 4.10 
  
 THESE WARRANTS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF (i) AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT TO THE WARRANTS UNDER SUCH ACT, OR (ii) AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 
  
 ICOP DIGITAL, INC. 
  
 WARRANT 
  

			
	 Warrant to Purchase Shares of
 Common
Stock
	  	December 13, 2005

  
 This certifies that pursuant to the
terms of this Common Stock Warrant (this “Warrant”), for value received, ICOP Digital, Inc, a Colorado corporation (the “Company”), hereby grants to
                     (the “Holder”), or their registered assigns, the right to purchase from the Company
                    
(                    ) shares of the Company’s Common Stock (the “Warrant Shares”) at an exercise price of Six and 535/1000
Dollars ($6.535) per Warrant Share, (the “Exercise Price”) upon the terms contained herein. 
  
 1. Exercise of Warrant. 
  
 1.1 Vesting; Exercise Period. The Warrant Shares shall vest and be exercisable immediately. Except as specifically provided for herein, including,
but not limited to the provisions set forth in § 1.2 below, Holder may exercise this Warrant, in whole or in part, at any time and from time to time after December 13, 2005, (“Date of Issuance”) and prior to 5:00 p.m. Lenexa,
Kansas time, on December 31, 2009 (the “Expiration Date”). 
  
 1.2 Procedure for Exercising Warrant. This Warrant will be deemed to have been exercised at such time as the Company has received all of the following items (the “Exercise Date”): 
  

	 	1.2.1	A completed Exercise Agreement, as described in Section 1.3 below, executed by the person exercising all or part of the purchase rights represented by this Warrant (the
“Purchaser”); 

  

	 	1.2.2	This Warrant; 

  

	 	1.2.3	If this Warrant is not registered in the name of the Purchaser, an Assignment in the form set forth in Exhibit B, evidencing the assignment of this Warrant to the Purchaser
and the consent of the Company thereto; and 









	 	1.2.4	A check payable to the Company in an amount equal to the product of the Exercise Price multiplied by the number of shares of Common Stock being purchased upon such exercise.


  
 Certificates representing shares of Common Stock purchased upon
exercise of this Warrant will be delivered by the Company to the Purchaser within 10 days after the Exercise Date. Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised, Company will prepare a new
Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which have not expired or been exercised. Company will deliver such new Warrant to the person designated to receive it in the Exercise Agreement.

  
 The Common Stock issuable upon the exercise of this Warrant
will be deemed to have been issued to the Purchaser on the Exercise Date, and the Purchaser will be deemed for all purposes to have become the record Holder of such Common Stock on the Exercise Date. 
  
 The issuance of certificates for shares of Common Stock upon exercise of this
Warrant will be made without charge to the Holder or the Purchaser for any issuance tax in respect thereof or any other cost incurred by the Company in connection with such exercise and the related issuance of shares. 
  
 If, during the first year of the term of the Warrants, the Company files a
registration statement for the Public Offering then the Warrants will not be exercisable until the earlier of 90 days after Public Offering closes and one (1) year after filing the Public Offering registration statement. 
  
 1.3 Exercise Agreement. The Exercise Agreement will be substantially
in the form set forth in Exhibit A hereto, except that if the shares of Common Stock are not to be issued in the name of the Holder, the Exercise Agreement will also state the name of the person to whom the certificates representing the
shares of Common Stock are to be issued, and if the number of shares of Common Stock to be issued does not include all the shares of Common Stock purchasable hereunder, it will also state the name of the person to whom a new Warrant for the
unexercised portion of the rights hereunder is to be delivered. 
  
 1.4 Fractional Shares. The Company is not required to issue any fraction of a share of Common Stock upon exercise of this Warrant. 
  
 1.5 Securities Acts Compliance. As a condition to its delivery of the certificates representing the Common Stock, the Company may require the
Purchaser to deliver to the Company, in writing, representations regarding the Purchaser’s sophistication, investment intent, acquisition for his, her or its own account and such other matters as are reasonable and customary for purchasers of
securities in an unregistered private offering, and Company may place conspicuously upon each certificate representing the Common Stock a legend restricting the assignment, transfer or 








 
other disposition of the shares of Common Stock, unless such shares have been registered or qualified under the Act and applicable blue sky laws or there has
been delivered to the Company an opinion of counsel, satisfactory to the Company, to the effect that such registration and qualification is not required. 
  
 2 Subdivision or Combination of Shares. If the Company at any time subdivides its outstanding shares of Common Stock into a greater number of shares (including a
stock split effected as a stock dividend) or combines its outstanding shares of Common Stock into a lesser number of shares, the number of shares issuable upon exercise of this Warrant will be adjusted to such number as is obtained by multiplying
the number of shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination by a fraction, the numerator of which is the aggregate number of shares of Common Stock outstanding immediately after giving effect to
such subdivision or combination and the denominator of which is the aggregate number of shares of Common Stock outstanding immediately prior to such subdivision or combination, and the Exercise Price will be correspondingly adjusted to such amount
as will, when multiplied by the number of shares issuable upon full exercise of this Warrant (as increased or decreased to reflect each subdivision or combination of outstanding shares of Common Stock, as the case may be), equal the product of the
Exercise Price in effect immediately prior to such subdivision or combination multiplied by the number of shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination. 
  
 2.1 Effect of Sale, Merger or Consolidation. If any capital
reorganization or reclassification of the capital stock of the Company, or consolidation or merger of the Company with another corporation, or sale of all or substantially all of the Company’s assets to another corporation, is effected after
the date hereof in such a way that holders of Common Stock will be entitled to receive stock, securities or assets with respect to or in exchange for Common Stock, then, as a condition of such reorganization, reclassification, consolidation, merger
or sale, lawful and adequate provision will be made whereby the Holder will thereafter have the right to purchase and receive, upon the basis and the terms and conditions specified in this Warrant and in lieu of the shares immediately theretofore
purchasable and receivable upon the exercise of this Warrant, such shares of stock, securities or assets as may be issued or payable with respect to or in exchange for a number of outstanding shares of Common Stock equal to the number of shares of
Common Stock immediately theretofore purchasable and receivable upon the exercise of this Warrant, and in any such case appropriate provision will be made with respect to the rights and interests of the Holder to the end that the provisions of this
Warrant (including, without limitation, provisions for adjustments of the Exercise Price and of the number of shares issuable upon the exercise of this Warrant) will thereafter be applicable, as nearly as may be possible, in relation to any shares
of stock, securities or assets thereafter deliverable upon the exercise of this Warrant. The Company will not effect any such consolidation, merger or sale unless prior to or simultaneously with the consummation thereof the successor corporation (if
other than the Company) resulting from such consolidation or merger or the corporation purchasing such assets assumes, by written instrument executed and delivered to the Holder at its last address appearing on the books of the Company, the
obligation to deliver to the Holder such shares of stock, 








 
securities or assets as, in accordance with the foregoing sentence, the Holder may be entitled to purchase. 
  
 2.2 Piggyback Registration Rights. The Company will utilize it
reasonable best efforts to file a resale registration statement to register the Warrant Shares on the first applicable Registration Statement filed by the Company with the U.S. Securities & Exchange Commission following the Date of
Issuance. 
  
 3. Warrants Not Callable. The Warrants will be non-callable.

  
 4. Notice to Holder of Adjustment. Whenever the number of shares
purchasable upon exercise of this Warrant or the Exercise Price is adjusted as herein provided, the Company will cause to be mailed to the Holder notice setting forth the adjusted number of shares purchasable upon the exercise of the Warrant and the
adjusted Exercise Price and showing in reasonable detail the computation of the adjustment and the facts upon which such adjustment is based. 
  
 5. Prior Notice as to Certain Events. In the event the Company pays any dividend payable in cash or stock upon its Common Stock or makes any distribution to the
holders of its Common Stock, then the Company will give prior written notice, by first class mail, postage prepaid, addressed to the Holder at the address of such Holder as shown on the books of Company, of the date on which (i) the books of
Company will close or a record taken for such dividend or distribution. Such notice will also specify the date as of which the holders of the Common Stock of record will participate in said dividend or distribution. Such written notice will be given
not less than 20 days prior to the record date in respect thereto. 
  
 6.
Reservation of Common Stock. Not later than the date hereof, the Company will have authorized Common Stock in an amount sufficient to permit the exercise in full of this Warrant. At all times from and after such date, the Company will reserve
and keep available for issuance upon the exercise of Warrants such number of its authorized but unissued shares of Common Stock as will be sufficient to permit such exercise. Upon issuance, such shares of Common Stock will be validly issued, fully
paid and nonassessable. 
  
 7. No Voting Rights; Limitations of Liability.
This Warrant does not confer upon the Holder hereof any voting rights or other rights as a stockholder of the Company, either at law or equity. The rights of the Holder are limited to those expressed herein and the Holder by acceptance hereof,
consents to and agrees to be bound by and to comply with all the provisions of this Warrant. No provision of this Warrant, in the absence of affirmative action by the Holder to purchase Common Stock, and no enumeration in this Warrant of the rights
or privileges of the Holder, will give rise to any liability of such Holder for the Exercise Price of Common Stock purchasable by exercise hereof or as a stockholder of Company. 
  
 8. Restrictions on Transfer of Warrant. This Warrant and the Holder’s rights hereunder may not be transferred, assigned or
subjected to a pledge or security interest 








 
without the prior written consent of the Company and unless transferred by surrender of this Warrant with a properly executed Assignment (in the form of
Exhibit B hereto) at the principal office of the Company. If the Company determines that the proposed assignment is permitted pursuant to the provisions hereof and the requirements of applicable securities law, the Company will register the
assignment of this Warrant in accordance with the information contained in the Assignment and will, without charge, execute and deliver a new Warrant or Warrants in the name of the assignee or assignees named in such assignment instrument and this
Warrant will promptly be cancelled. Conditions to the transfer of this Warrant or any portion thereof will be that (i) the Holder must deliver to the Company an opinion of counsel, reasonably satisfactory in form and substance to the
Company’s counsel, to the effect that the proposed transfer will not be in violation of the Act or of any applicable state law and that (ii) the proposed transferee deliver to the Company his, her or its written agreement to accept and be
bound by all of the terms and conditions of this Warrant. The date the Company initially issues this Warrant will be deemed to be the “Date of Issuance” of this Warrant regardless of the number of times new certificates representing the
unexpired and unexercised rights formerly represented by this Warrant are issued. 
  
 The Holder acknowledges that this Warrant has not been registered under the Act, and, except in the limited instance described in Section 6(a) above, agrees not to sell, pledge, distribute, offer for sale,
transfer or otherwise dispose of this Warrant or any Common Stock issued upon its exercise in the absence of (i) an effective registration statement as to this Warrant or such Common Stock under the Act, or (ii) an opinion of counsel for
Company to the effect that such registration is not, under the circumstances, required. 
  
 9. Miscellaneous. 
  
 9.1. Waiver. No delay
or failure of the Holder in exercising any right, power, privilege or remedy under this Warrant will affect such right, power, privilege or remedy or be deemed to be a waiver of the same or any part thereof, nor will any single or partial exercise
thereof or any failure to exercise the same in any instance preclude any further or future exercise thereof, or the exercise of any other right, power, privilege or remedy. 
  
 9.2. Notices. All notices, requests and consents hereunder must be in writing. Notices, requests and consents to the
Company will be effectively given and delivered when (a) sent by facsimile to the Company at (913) 312-0264 or (b) mailed by first class mail, postage prepaid, to the Company at its offices at 16801 West 116th Street, Lenexa, KS
66219. Notices, requests, and consents to the Holder will be effectively given and delivered when sent by facsimile or mailed by first class mail, postage prepaid, to the Holder at the facsimile number or address of the Holder appearing on the books
and records of the Company. Either party by notice to the other may from time to time change the facsimile number or address for any such notice, request, or consent. 
  
 9.3. Governing Law; Venue. This Warrant and all rights and obligations hereunder, including matters of construction,
validity, and performance, will be governed by and construed and interpreted in accordance with the laws of the State of Colorado, 








 
without regard to the choice or conflicts of laws rules of such state. The parties agree that venue for any suit, action, proceeding or litigation arising
out of or in relation to this Agreement will be in any federal or state court in the State of Colorado having subject matter jurisdiction. 
  
 9.4. Successors. This Warrant will inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns;
provided, however, that this Warrant may not be assigned without the prior written consent of the Company. 
  
 9.5. Headings and Exhibits. The headings used in this Warrant are for convenience only and will not constitute a part of this Warrant. All of the
exhibits attached hereto are incorporated herein and made a part of this Warrant by reference thereto. 
  
 9.6. Defined Terms. Any defined term utilized herein shall be defined as provided for herein or as defined in the Principal Terms of the Financing
Terms Agreement (hereinafter “Principal Terms”), attached hereto as Exhibit “A”. To the extent there exists any conflict in the definition of a term, the definition contained in the Principal Terms shall control. 
  
 IN WITNESS WHEREOF, this Warrant has been executed and delivered by a duly
authorized representative of the Company on the day and year first above written. 
  

			
	ICOP Digital, Inc.
		
	 By:
	 	/s/    DAVID C. OWEN         
	 	 	David C. Owen, President/CEO









 EXHIBIT “A” 
  
 Exercise Agreement 
  

			
	To: ICOP DIGITAL, INC	  	Dated: ___________________

  
 The undersigned,
pursuant to the provisions set forth in the within Warrant, hereby agrees to subscribe for and purchase
                                        
                             shares of the Common Stock covered by such Warrant and makes payment herewith
in full for such Common Stock at the price per share provided by such Warrant. 
  
 The undersigned requests that a certificate for the shares of Common Stock be issued as follows: 
  

			
		
	 Name:
	 	 
		
	 Address:
	 	 
	 	 	 
	 	 	 


  
 and, if said number of shares is
not all the shares of Common Stock purchasable hereunder, that a new Warrant for the balance of the remaining shares of Common Stock purchasable under the within Warrant be registered in the name of, and delivered to, the undersigned at the address
stated below: 
  

			
		
	 Name:
	 	 
		
	 Address:
	 	 
	 	 	 
	 	 	 


  

			
		
	Dated:	 	_________________________

  

			
	 HOLDER:

		
	 Signature:
	 	 









 EXHIBIT “B” 
  
 Assignment 
  
 To be executed by the registered Holder to request a permitted transfer of the attached Warrant. 
  
 FOR VALUE RECEIVED 
  

			
	 	  	 (“Assignor”)

		
	 hereby sells, assigns and transfers unto
	  	 

  

			
	 	  	 (“Assignee”)

	 (Name)
	  	 

  

			
	 	  	 
	 (Address)
	  	 

  

			
	 	  	 

  
 the right to purchase shares of Common
Stock of ICOP DIGITAL, INC. evidenced by the attached Warrant, together with all right, title and interest therein, and does irrevocably constitute and appoint
                                        
                         attorney to transfer the said right on the books of said corporation with full power of substitution
in the premises. 
  

									
					
	 Date:
	 	_________________________	 	 	 	Assignor:	 	 
					
	 	 	 	 	 	 	 By    
	 	 
					
	 	 	 	 	 	 	 Its     
	 	 
					
	 	 	 	 	 	 	 Signature:
	 	 

  

									
	APPROVED:	 	 	 	ICOP DIGITAL, INC
					
	Date:	 	_________________________	 	 	 	 By    
	 	 
					
	 	 	 	 	 	 	 Its     
	 	 
					
	 	 	 	 	 	 	 Signature