----

| 1. | Exercise of      Warrant. |
|----|---------------------------|

|   | (a) | Subject      to the other terms and conditions of this Warrant, the purchase rights      evidenced by this Warrant may be exercised in whole or in part at any      time, and from time to time before the Expiration Date, by the Holder's      presentation and surrender of this Warrant to the Company at its principal      office, accompanied by a duly executed Notice of Exercise, in the form      attached to and by this reference incorporated in this Warrant as Exhibit A,      and by payment of the aggregate Exercise Price, in immediately available      funds, for that number of Shares specified in the Notice of      Exercise.  In the event this Warrant is exercised in part only,      as soon as is practicable after the presentation and surrender of this      Warrant to the Company for exercise, the Company shall execute and deliver      to the Holder a new Warrant, containing the same terms and conditions as      this Warrant, evidencing the right of the Holder to purchase that number      of Shares as to which this Warrant has not been  exercised. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | Upon      receipt of this Warrant by the Company as described in subsection (a)      above, the Holder shall be deemed to be the holder of record of the Shares      issuable upon such exercise, notwithstanding that the transfer books of      the Company may then be closed or that certificates representing such      Shares may not have been prepared or actually delivered to the      Holder. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Exchange, Assignment      or Loss of Warrant. |
|----|-----------------------------------------------|

|   | (a) | This      Warrant may be sold, transferred or assigned at any time after the Warrant      has vested, in whole or in part, if (i) the transfer is by operation      of law as a result of the death of the Holder and (ii) to such other      persons for which transaction an exemption from the registration      requirements of the Act can be established to the satisfaction of the      Company.  Any assignment or transfer of this Warrant shall be      made by the presentation and surrender of this Warrant to the Company at      its principal office, accompanied by a duly executed Assignment Form, in      the form attached to and by this reference incorporated in this Warrant as      Exhibit B.  Upon      the presentation and surrender of these items to the Company, the Company,      at its sole expense, shall execute and deliver to the new Holder(s) a new      Warrant(s), containing the same terms and conditions as this Warrant, in      the name of the new Holder(s) as named in the Assignment Form, and this      Warrant shall at that time becanceled. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | The      Company will execute and deliver to the Holder a new Warrant containing      the same terms and conditions as this Warrant upon receipt by the Company      of evidence reasonably satisfactory to it of the loss, theft, destruction,      or mutilation of this Warrant, provided that (i) in the case of loss,      theft, or destruction, the Company receives from the Holder a reasonably      satisfactory indemnification, and (ii) in the case of mutilation, the      Holder presents and surrenders this Warrant to the Company for      cancellation.  Any new Warrant executed and delivered shall      constitute an additional contractual obligation on the part of the Company      regardless of whether the Warrant that was lost, stolen, destroyed, or      mutilated shall be enforceable by anyone at any  time. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | If      the Company shall at any time subdivide its outstanding shares of Common      Stock (or other securities at the time receivable upon the exercise of the      Warrant) by recapitalization, reclassification or split-up thereof, or if      the Company shall declare a stock dividend or distribute shares of Common      Stock to its stockholders, the number of shares of Common Stock subject to      this Warrant immediately prior to such subdivision shall be      proportionately increased, and if the Company shall at any time combine      the outstanding shares of Common Stock by recapitalization,      reclassification or combination thereof, the number of shares of Common      Stock subject to this Warrant immediately prior to such combination shall      be proportionately decreased. Any such adjustment and adjustment to the      Exercise Price pursuant to this section shall be effective at the      close of business on the effective date of such subdivision or combination      or if any adjustment is the result of a stock dividend or distribution      then the effective date for such adjustment based thereon shall be the      record date therefore. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Whenever      the number of shares of Common Stock purchasable upon the exercise of this      Warrant is adjusted, as provided in this section, the Exercise Price shall      be adjusted to the nearest cent by multiplying such Exercise Price      immediately prior to such adjustment by a fraction (x) the numerator of      which shall be the number of shares of Common Stock purchasable upon the      exercise immediately prior to such adjustment, and (y) the denominator of      which shall be the number of shares of Common Stock so purchasable      immediately thereafter. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Adjustment for      Reorganization, Consolidation, Merger, Etc.  In case of      any reorganization of the Company (or any other corporation, the      securities of which are at the time receivable on the exercise of this      Warrant) shall consolidate with or merge into another corporation or      convey all or substantially all of its assets to another corporation,      then, and in each such case, the Holder of this Warrant upon the exercise      at any time after the consummation of such reorganization, consolidation,      merger or conveyance, shall be entitled to receive, in lieu of the      securities and property receivable upon the exercise of this Warrant prior      to such consummation, the securities or property to which such Holder      would have been entitled upon such consummation if such Holder had      exercised this Warrant immediately prior thereto; in each such case, the      terms of this Warrant shall be applicable to the securities or property      received upon the exercise of this Warrant after such      consummation. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.3 | Certificate as to      Adjustments.  In each case of an adjustment in the number      of shares of Common Stock receivable on the exercise of this Warrant, the      Company at its expense shall promptly compute such adjustment in      accordance with the terms of the Warrant and prepare a certificate      executed by an officer of the Company setting forth such adjustment and      showing the facts upon which such adjustment is based.  The      Company shall forthwith mail a copy of each such      certificate to each Holder.  The failure to prepare or provide      such certificate shall not modify the rights of any party      hereunder. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | the      Company shall take a record of the holders of its Common Stock (or other      securities at the time receivable upon the exercise of the Warrant) for      the purpose of entitling them to receive any cash dividend (other than a      cash dividend at the same rate as the rate of the last cash dividend      theretofore paid) or other distribution, or any right to subscribe for,      purchase or otherwise acquire any shares of stock of any class or any      other securities, or to receive any other right;  or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | of      any event under Section 3.2 or any voluntary or involuntary dissolution,      liquidation or winding-up of theCompany, |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | 3.5 | Threshold for      Adjustments.  Anything in this section to the contrary      notwithstanding, the Company shall not be required to give effect to any      adjustment until the cumulative resulting adjustment in the Exercise Price      pursuant to this Section 3 shall have required a change of the      Exercise Price by at least $.01, but when the cumulative net effect of      more than one adjustment so determined shall be to change the Exercise      Price by at least $.01, such full change in the Exercise Price shall      thereupon be given effect.  No adjustment shall be made by      reason of the issuance of shares upon conversion rights, stock issuance      rights or similar rights currently outstanding or any change in the number      of treasury shares held by theCompany. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Reservation of      Shares.  The Company hereby agrees that at all times      prior to the Expiration Date, it will have authorized and will reserve and      keep available for issuance and delivery to the Holder that number of      Shares that may be required from time to time for issuance and delivery      upon the exercise of the then unexercised portion of this Warrant and all      other similar Warrants then outstanding and  unexercised. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5. | Representations and      Warranties of the Holder. |
|----|----------------------------------------------------|

|   | (a) | The      Holder represents and warrants that the Holder is acquiring this Warrant      and the Shares solely for the Holder’s own account for investment and not      with a view to or for sale or distribution of said Warrant or Shares or      any part thereof.  The Holder also represents that the entire      legal and beneficial interests of this Warrant and Shares the Holder is      acquiring are being acquired for, and will be held for, the Holder’s      account only. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | The      Holder understands that this Warrant and the Shares have not been      registered under the Act, or the securities laws of any applicable state,      on the basis that no distribution or public offering of the stock of the      Company is to be effected.  The Holder realizes that the basis      for the exemption may not be present if, notwithstanding the Holder’s      representations, the Holder has a present intention of acquiring the      securities for a fixed or determinable period in the future, selling (in      connection with a distribution or otherwise), granting any participation      in, or otherwise distributing the securities.  The Holder has no      such present intention. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The      Holder recognizes that this Warrant and the Shares must be held      indefinitely unless they are subsequently registered under the Act or an      exemption from such registration is available.  The Holder      recognizes that the Company has no obligation to register this Warrant or      the Shares, or to comply with any exemption from such registration. This      Warrant, the Shares, and all other securities issued or issuable upon      exercise of this Warrant, may not be offered, sold or transferred, in      whole or in part, except in compliance with the Act, and except in      compliance with all applicable state securities  statutes. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | The      Holder understands and agrees that all certificates evidencing the Shares      shall bear legends substantially in the form of the    following: |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | THIS      SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE      COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), IN      RELIANCE UPON THE EXEMPTIONS FROM REGISTRATION PROVIDED IN THE ACT AND      REGULATION D UNDER THE ACT AND HAVE NOT BEEN REGISTERED UNDER ANY STATE      SECURITIES LAWS.  AS SUCH, THE ACQUISITION OF THIS SECURITY WAS      NECESSARILY WITH THE INTENT OF INVESTMENT AND NOT WITH A VIEW FOR      DISTRIBUTION.  THEREFORE, ANY SUBSEQUENT TRANSFER OF THIS      SECURITY OR ANY INTEREST THEREIN WILL BE UNLAWFUL UNLESS IT IS REGISTERED      UNDER THE ACT AND ANY STATE SECURITIES LAWS OR UNLESS AN EXEMPTION FROM      REGISTRATION IS AVAILABLE. FURTHERMORE, IT IS UNLAWFUL TO CONSUMMATE A      SALE OR TRANSFER OF THIS SECURITY OR ANY INTEREST THEREIN, WITHOUT THE      OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT THE PROPOSED TRANSFER OR      SALE DOES NOT AFFECT THE EXEMPTIONS RELIED UPON BY THE COMPANY IN      ORIGINALLY DISTRIBUTING THE SECURITY AND THAT REGISTRATION IS NOT      REQUIRED. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6. | Fractional      Shares.  No fractional shares or scrip representing      fractional shares shall be issued upon the exercise of all or any part of      this Warrant.  With respect to any fraction of a Share of any      security called for upon any exercise of this Warrant, the Company shall      pay to the Holder an amount in money equal to that fraction multiplied by      the Fair Market Value of that Share.  “Fair Market Value” shall      be the last reported sale price of the Common Stock on a publicly traded      market for the Common Stock on the last business day prior to the date of      the applicable exercise of this Warrant, or if no such sale is made on      such day, the reported closing price for such day; provided that if at the      time a publicly traded market for the Common Stock does not exist on any      national securities exchange (including the Nasdaq Stock Market), or the      OTC Bulletin Board, “Fair Market Value” shall be the fair market value of      a share determined in good faith by theCompany. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Piggyback      Registration. |
|----|------------------------------|

|   | (a) | If      the Company at any time from and after the date of this Warrant proposes      to register under the Act (except by a Form S-4 or Form S-8 Registration      Statement or any successor forms thereto) any of its securities, it will      give written notice to the Holder of this Warrant and any shares issued or      issuable upon exercise hereof (the “Warrant Shares”) of its intention to      do so and, on the written request of the Holder hereof given within twenty      (20) days after receipt of any such notice (which request shall specify      the interest in this Warrant or the Warrant Shares intended to be sold or      disposed of by the holder hereof and describe the nature of any proposed      sale or other disposition thereof), the Company will use its best efforts      to cause all such Warrant Shares covered by the notice to be included in      such registration statement proposed to be filed by the Company; provided      that: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | if      a greater number of Warrant Shares is offered for participation in the      proposed offering than in the reasonable opinion of the managing      underwriter of the proposed offering can be accommodated without adversely      affecting the proposed offering, then the amount of Warrant Shares      proposed to be offered by the Holder for registration, as well as the      number of securities of any other selling shareholders participating in      the registration, shall be proportionately reduced to a number deemed      satisfactory by the managingunderwriter; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the      Company may, at its sole discretion and without the consent of the Holder      of the Warrant Shares, withdraw such registration statement and abandon      the proposed offering in which such holder had requested to      participate; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | if      the offering to which the registration statement relates is to be      distributed by or through an underwriter, the Holder of the Warrant Shares      shall agree, as a condition to the inclusion of such holder’s securities      in such registration, to sell securities held by such holder through such      underwriter on the same terms and conditions as the underwriter agrees to      sell securities on behalf of the Company and not to sell, transfer,      pledge, assign or otherwise dispose of the Warrant Shares not sold by such      holder in such offering for such period (up to 180 days after the      effective date of the registration statement) as may be required by the      underwriter; and |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (iv) | the Company shall not be obligated to include any Warrant Shares in      any such registration if the Holder is able to sell all of the Warrant      Shares in a single transaction pursuant to Rule 144 under the Act (or any      other similar rule or regulation) during the three-month period beginning      on the date such notice is received by such holder, calculated as of the      date of such receipt. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Upon      the exercise of registration rights pursuant to this Section 7, the Holder      agrees to supply the Company with such information as may be required by      the Company to register or qualify the shares to be      registered. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | With      respect to each inclusion of securities in a registration statement      pursuant to this Section 7, the Company shall bear the following fees,      costs, and expenses: all registration, filing and FINRA fees, printing      expenses, fees and disbursements of counsel and accountants for the      Company, fees and disbursements of counsel for the underwriter or      underwriters of such securities (if the Company is required to bear such      fees and disbursements), all internal expenses, and legal fees and      disbursements and other expenses of complying with state securities laws      of any jurisdictions in which the securities to be offered are to be      registered or qualified.  Fees and disbursements of special      counsel and accountants for the selling Holder of Warrant Shares,      underwriting discounts and commissions, and transfer taxes for selling      holder and any other expenses relating to the sale of securities by the      selling Holder not expressly included above shall be borne by the selling      Holder. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Call.   The      Company shall have the option to "call" the exercise of the Warrant from      time to time, in accordance with and governed by the      following: |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | The      Company shall exercise the Warrant Call by giving to the Holder a notice      of call upon twenty (20) days written notice (the "Call Notice") during      the period in which the Warrant Call may be exercised.  The      effective date of each Call Notice (the “Call Date”) is the date on which      notice is effective under the notice provision of Section 12 of this      Warrant. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | The      Company's right to exercise the Warrant Call shall commence twenty (20)      trading days after the actual effective date of a Registration Statement      and end twenty (20) days prior to the Expiration  Date. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The      number of shares of Common Stock to be issued upon exercise of the      Warrants which are subject to a Call Notice must be registered in a      Registration Statement effective from thirty (30) business days prior to      the Call Date and through the date such Common Stock is actually delivered      to the Warrant Holder (the “DeliveryDate”). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | A      Call Notice may be given by the Company only within ten (10) days after      the Common Stock has had a closing price as reported for the Principal      Market (as defined below) of not less than $6.00 per share for twenty out      of thirty consecutive trading days (the “Lookback Period”) with trading      volume in excess of 25,000 shares per day on such twenty    days. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (e) | For      purposes hereof, the Principal Market for the Company shall be as      follows:  If the Company's Common Stock is traded on an exchange      or is quoted on Nasdaq Global Select Market, Nasdaq Global Market, Nasdaq      Capital Market then such exchange shall be the Principal      Market.  If the Company's Common Stock is not traded on an      exchange, but is traded in the over-the-counter market, then that shall be      the Principal Market. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | The      Common Stock must be listed on the Principal Market for the Lookback      Period and through the DeliveryDate. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------|

|   | (g) | The      Holder shall exercise his Warrant rights and purchase the called Warrant      Shares and pay for same within twenty (20) days after the Call      Date.  If the Holder fails to timely pay the amount required by      the Warrant Call, the Company’s sole remedy shall be to cancel a      corresponding amount of the Holder’sWarrants. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Rights of the      Holder.  The Holder shall not be entitled to any rights      as a shareholder of the Company by reason of this Warrant, either at law      or equity.  The Company covenants, however, that for so long as      this Warrant is at least partially unexercised, it will furnish to the      Holder of this Warrant at the Holder’s request copies of all reports and      communications furnished to the shareholders of the    Company. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Taxes Due Upon      Exercise, Etc.  The Company shall pay any and all issue      or transfer taxes, including, but not limited to, all federal or state      taxes, that may be payable with respect to the transfer of this Warrant or      the issue or delivery of Shares upon the exercise of this Warrant. The      Holder shall be responsible, and shall pay, any income or other taxes that      may be due upon sale or other disposition of this Warrant or the      Shares. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Shares to be Fully      Paid.  The Company covenants that all Shares that may be      issued and delivered to the Holder of this Warrant upon the exercise of      this Warrant will be, upon such delivery, validly and duly issued, fully      paid and non-assessable. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Notices.  All      notices, certificates, requests, or other similar items provided for in      this Warrant shall be in writing and shall be personally delivered or      deposited in the United States mail, postage prepaid, addressed to the      respective party as indicated in the portions of this Warrant preceding      Section 1.  All notices shall be deemed to be delivered      upon personal delivery or upon the expiration of three (3) business days      following deposit in the United States mail, postage      prepaid.  The addresses of the parties may be changed, and      addresses of other Holders and holders of Shares may be specified, by      written notice delivered pursuant to this Section 12.  The      Company's principal office shall be deemed to be the address provided      pursuant to this Section for the delivery of notices to the      Company. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Applicable      Law.  This Warrant shall be governed by and construed in      accordance with the laws of the State of Colorado, and courts located in      Colorado shall have exclusive jurisdiction over all disputes arising      hereunder except as provided in Section 12  hereof. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 14. | Dispute      Resolution.  The parties shall attempt in good faith to      resolve any controversy or claim arising out of or relating to this      Warrant, or the breach, termination, or validity thereof (a “Dispute”)      promptly by negotiation between the parties.  If a Dispute has      not been resolved within thirty (30) days by negotiation, the parties      shall attempt to mediate the Dispute through the selection of a mutually      agreeable mediator who shall conduct such mediation in      confidence.  If a Dispute is not resolved by mediation within      sixty (60) days of submission to the mediator, then the Dispute shall be      settled by arbitration in accordance with the Commercial Arbitration Rules      of the American Arbitration Association, and governed by the United States      Arbitration Act, 9 U.S.C. §§ 1-16, except as otherwise provided      herein.  Judgment upon the award rendered by the arbitrator may      be entered by any court having jurisdiction thereof.  The place      of any dispute resolution hereunder shall be Denver,      Colorado.  Each party shall be responsible for its own attorney      fees incurred during any phase of dispute resolution.  The      arbitrator shall apply the law to the dispute in the same manner as a      judge as though the dispute was before a court of law of the State of      Colorado.  The arbitrator shall have the authority to award any      remedy or relief that a court of the State of Colorado could order or      grant, including, without limitation, specific performance of any      obligation created under the Agreement, the issuance of an injunction, or      the imposition of sanctions for abuse or frustration of the arbitration      process.  Notwithstanding the foregoing, the arbitrator shall      not have authority to award punitive damages.  The parties shall      take all reasonable steps necessary to conduct a hearing no later than      forty-five (45) days after submission of the matter to      arbitration.  The arbitrator shall render his decision within      fifteen (15) days after the close of the arbitration      hearing.  The arbitration award shall be in writing and shall      specify the factual and legal bases for the  award. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Market Standoff      Agreement. The Holder shall not sell, dispose of, transfer, make      any short sale of, grant any option for the purchase of, or enter into any      hedging or similar transaction with the same economic effect as a sale,      any Common Stock (or other securities) of the Company held by the Holder,      for a period of time specified by the managing underwriter(s) or placement      agent(s), as applicable (not to exceed one hundred eighty (180) days)      following the effective date of a primary underwritten public offering by      the Company of any Common Stock (or other securities) or private placement      by the Company of any Common Stock (or other      securities).  Holder agrees to execute and deliver such other      agreements as may be reasonably requested by the Company and/or the      managing underwriter(s) or placement agent(s) which are consistent with      the foregoing or which are necessary to give further effect      thereto.  In order to enforce the foregoing covenant, the      Company may impose stop-transfer instructions with respect to such Common      Stock (or other securities) until the end of such period.  The      underwriters or placement agents of the Company’s stock are intended third      party beneficiaries of this Section 15 and shall have the right, power and      authority to enforce the provisions hereof as though they were a party      hereto. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | Subject      to the terms and conditions contained herein, this Warrant shall be      binding on the Company and its successors and shall be binding on and      inure to the benefit of the original Holder, his successors and assigns      and all holders of Shares and the exercise of this Warrant in full shall      not terminate the provisions of this Warrant as it relates to holders of      Shares received upon exercise of thisWarrant. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | This      Warrant cannot be changed or terminated or any performance or condition      waived in whole or in part except by an agreement in writing signed by the      party against whom enforcement of the change, termination or waiver is      sought. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | If      any provision of this Warrant shall be held to be invalid, illegal or      unenforceable, such provision shall be severed, enforced to the extent      possible, or modified in such a way as to make it enforceable, and the      invalidity, illegality or unenforceability shall not affect the remainder      of this Warrant. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | The      Company agrees to execute such further agreements, conveyances,      certificates and other documents as may be reasonably requested by the      Holder to effectuate the intent and provisions of this      Warrant. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Paragraph      headings used in this Warrant are for convenience only and shall not be      taken or construed to define or limit any of the terms or provisions of      this Warrant.  Unless otherwise provided, or unless the context      shall otherwise require, the use of the singular shall include the plural      and the use of any gender shall include all  genders. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    |              |   |                                           |                          |   |
|---------|-------------------|--------|------------------------------------------------|-------------------------------|--------|
|    |              |   |
|    |              |   |        OMNI      BIO PHARMACEUTICAL, INC. |                          |
|    |              |   |                                           |                          |   |
|    |              |   |                                           |                          |   |
| ATTEST: |              |   |                                           |                          |   |
|    |              |   |                                           |                          |   |
|    |              |   |                                           |                          |   |
| By:     |              |   | By:                                            |                          |   |
|    | Robert      Ogden |   |                                           | Vicki      Barone             |   |
|    | Secretary         |   |                                           | Chairperson      of the Board |   |

----

|   | (a) | irrevocably      elects to exercise the Warrant to the extent of purchasing _______________      Shares; |
|--------|-----|----------------------------------------------------------------------------------------------------------|

|   | (b) | makes      payment in full of the aggregate Exercise Price for those Shares in the      amount of $___________ by      the delivery of immediately available funds in the amount of $      _____: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | requests      that certificates evidencing the securities underlying such Shares be      issued in the name of the undersigned, or, if the name and address of some      other person is specified below, in the name of such other      person: |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                                                                                             |   |
|--------|------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                             |   |
|   |                                                                                                             |   |
|   |                                                                                                             |   |
|   |                                                                                                             |   |
|   |  (Name and address of person other than      theundersigned      in whose name Shares are to be registered) |   |
|   |                                                                                                             |   |

|   | (d) | requests,      if the number of Shares purchased are not all the Shares purchasable      pursuant to the unexercised portion of the Warrant, that a new Warrant of      like tenor for the remaining Shares purchasable pursuant to the Warrant be      issued and delivered to the undersigned at the address stated      below. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Dated:      __________________________            |     |                                                                                                                       |
|---------------------------------------------------|----------|----------------------------------------------------------------------------------------------------------------------------|
|                                              |     | Signature                                                                                                                  |
|                                              |     | (This      signature must conform in all respects to the name of the Holder as      specified on the face of the Warrant.) |
|                                              |     |                                                                                                                       |
| Social      Security Number or Employer ID Number |     |                                                                                                                       |
|                                              |     | Printed      Name                                                                                                          |
|                                              |     |                                                                                                                       |
|                                              | Address: |                                                                                                                       |
|                                              |     |                                                                                                                       |
|                                              |     |                                                                                                                       |
|                                              |     |                                                                                                                       |

----

| Name:                     |                                         |   |
|---------------------------|----------------------------------------------|--------|
|                      | (Please      type or print in block letters) |   |
|                      |                                         |   |
| Address:                  |                                         |   |
|                      |                                         |   |
|                      |                                         |   |
|                      |                                         |   |
|                      |                                         |   |
|  Tax      ID or SSN: |                                         |   |
|                      |                                         |   |
|                      |                                         |   |

| Dated:  ____________________________                                                               |         |                                                                                                                     |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         | Signature                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         | (This      signature must conform in all respects                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |  to      the name of the Holder as specified on the                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |  face      of the Warrant.)                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         | Printed      Name                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         | Address:                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |    |                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                               |         |                                                                                                                     |

----

----