Document:

Exhibit 10.3

	
 

	
 

	
 

	
 

	
THIS WARRANT
  AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
  NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
  STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON
  EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
  HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS
  WARRANT UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION
  OF COUNSEL REASONABLY SATISFACTORY TO TRUEYOU.COM INC. THAT SUCH REGISTRATION
  IS NOT REQUIRED.

	
 

Right to Purchase up to 9,245,236,880 Shares
of Common Stock of

TrueYou.Com Inc.

(subject to adjustment as provided herein)

COMMON STOCK PURCHASE WARRANT

	
 

	
 

	
No. E 

	
Issue Date: May 4, 2007

          TrueYou.com
Inc., a corporation organized under the laws of the State of Delaware (the
“Company”), hereby certifies that, for value received, LAURUS MASTER FUND, LTD.
(the “Purchaser”), or permitted assigns (together with the Purchaser, the
“Holder”), is entitled, subject to the terms set forth below and the provisions
of the Purchase Agreement and Warrant Side Letter (as such terms are defined
below)), to purchase from the Company (as defined herein) from and after the
Issue Date of this Warrant, up to 9,245,236,880 fully paid and nonassessable
shares of Common Stock (as hereinafter defined), $0.001 par value per share, at
the applicable Exercise Price per share (as defined below). The number and
character of such shares of Common Stock and the applicable Exercise Price per
share are subject to adjustment as provided in this warrant (as amended,
modified, restated and/or supplemented from time to time, this “Warrant”).

          As
used herein the following terms, unless the context otherwise requires, have
the following respective meanings: 

	
 

	
 

	
 

	
          (a)
  The term “Company” shall include TrueYou.com Inc. and any person or entity
  which shall succeed, or assume the obligations of, TrueYou.com Inc.
  hereunder. 

	
 

	
 

	
 

	
          (b)
  The term “Common Stock” includes (i) the Company’s Common Stock, par value
  $0.001 per share; and (ii) any other securities into which or for which any
  of the securities described in the preceding clause (i) may be converted or
  exchanged pursuant to a plan of recapitalization, reorganization, merger,
  sale of assets or otherwise.

	
 

	
 

	
 

	
          (c)
  The term “Other Securities” refers to any stock (other than Common Stock) and
  other securities of the Company or any other person (corporate or otherwise)
  which the holder of the Warrant at any time shall be entitled to receive, or
  shall have received, on the exercise of the Warrant, in lieu of or in
  addition to Common Stock, or which at any time shall be issuable or shall
  have been issued in exchange for or in replacement of Common Stock or Other
  Securities pursuant to Section 4 or otherwise. 

	
 

	
 

	
 

	
          (d)
  The “Exercise Price” applicable under this Warrant shall be $0.001 per share.

	
 

	
 

	
 

	
          (e)
  Capitalized terms used herein without definition shall have the meanings
  ascribed to such terms in that certain Amended and Restated Securities
  Purchase Agreement dated as of May 4, 2007 by and between the Company and the
  Purchaser (as amended, modified, restated and/or supplemented from time to
  time, the “Purchase Agreement”) or in any Related Agreement (as defined
  in the Purchase Agreement).

          1.
Exercise of Warrant. 

                    1.1
Number of Shares Issuable upon Exercise. From and after the date hereof
through and including the Expiration Date, the Holder shall be entitled to
receive, upon exercise of this Warrant in whole or in part, by delivery of an
original or fax copy of an exercise notice in the form attached hereto as
Exhibit A (the “Exercise Notice”), shares of Common Stock of the Company,
subject to adjustment pursuant to Section 4.

                    1.2
Fair Market Value. For purposes hereof, the “Fair Market Value” of a
share of Common Stock as of a particular date (the “Determination Date”) shall
mean: 

	
 

	
 

	
 

	
          (a)
  If the Company’s Common Stock is traded on the American Stock Exchange or
  another national exchange or is quoted on the National or Capital Market of
  The Nasdaq Stock Market, Inc. (“Nasdaq”), then the closing or last sale
  price, respectively, reported for the last business day immediately preceding
  the Determination Date.

	
 

	
 

	
 

	
          (b)
  If the Company’s Common Stock is not traded on the American Stock Exchange or
  another national exchange or on the Nasdaq but is traded on the NASD Over The
  Counter Bulletin Board, then the mean of the average of the closing bid and
  asked prices reported for the last business day immediately preceding the
  Determination Date.

	
 

	
 

	
 

	
          (c)
  Except as provided in clause (d) below, if the Company’s Common Stock is not
  publicly traded, then as the Holder and the Company agree or in the absence
  of agreement by arbitration in accordance with the rules then in effect of
  the American Arbitration Association, before a single arbitrator to be chosen
  from a panel of persons qualified by education and training to pass on the
  matter to be decided.

	
 

	
 

	
 

	
          (d)
  If the Determination Date is the date of a liquidation, dissolution or
  winding up, or any event deemed to be a liquidation, dissolution or winding
  up pursuant to the Company’s charter, then all amounts to be payable per
  share to holders of the 

2

	
 

	
 

	
 

	
Common Stock
  pursuant to the charter in the event of such liquidation, dissolution or
  winding up, plus all other amounts to be payable per share in respect of the
  Common Stock in liquidation under the charter, assuming for the purposes of
  this clause (d) that all of the shares of Common Stock then issuable upon
  exercise of the Warrant are outstanding at the Determination Date.

                    1.3
Company Acknowledgment. The Company will, at the time of the exercise of
this Warrant, upon the request of the holder hereof acknowledge in writing its
continuing obligation to afford to such holder any rights to which such holder
shall continue to be entitled after such exercise in accordance with the
provisions of this Warrant. If the holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to
afford to such holder any such rights. 

                    1.4
Trustee for Warrant Holders. In the event that a bank or trust company
shall have been appointed as trustee for the holders of this Warrant pursuant
to Subsection 3.2, such bank or trust company shall have all the powers and
duties of a warrant agent (as hereinafter described) and shall accept, in its own
name for the account of the Company or such successor person as may be entitled
thereto, all amounts otherwise payable to the Company or such successor, as the
case may be, on exercise of this Warrant pursuant to this Section 1.

          2.
Procedure for Exercise.

                    2.1
Delivery of Stock Certificates, Etc., on Exercise. The Company agrees
that the shares of Common Stock purchased upon exercise of this Warrant shall
be deemed to be issued to the Holder as the record owner of such shares as of
the close of business on the date on which this Warrant shall have been
surrendered and payment made for such shares in accordance herewith. As soon as
practicable after the exercise of this Warrant in full or in part, and in any
event within three (3) business days thereafter, the Company at its expense
(including the payment by it of any applicable issue taxes) will cause to be
issued in the name of and delivered to the Holder, or as such Holder (upon
payment by such Holder of any applicable transfer taxes) may direct in
compliance with applicable securities laws, a certificate or certificates for
the number of duly and validly issued, fully paid and nonassessable shares of
Common Stock (or Other Securities) to which such Holder shall be entitled on such
exercise, plus, in lieu of any fractional share to which such holder would
otherwise be entitled, cash equal to such fraction multiplied by the then Fair
Market Value of one full share, together with any other stock or other
securities and property (including cash, where applicable) to which such Holder
is entitled upon such exercise pursuant to Section 1 or otherwise.

                    2.2
Exercise. 

	
 

	
 

	
 

	
          (a)
  Payment may be made either (i) in cash of immediately available funds or by
  certified or official bank check payable to the order of the Company equal to
  the applicable aggregate Exercise Price, (ii) by delivery of this Warrant, or
  shares of Common Stock and/or Common Stock receivable upon exercise of this
  Warrant in accordance with the formula set forth in subsection (b) below, or
  (iii) by a combination of any of the foregoing methods, for the number of
  Common Shares specified in such Exercise Notice (as such exercise number
  shall be adjusted to reflect any adjustment in 

3

	
 

	
 

	
 

	
the total
  number of shares of Common Stock issuable to the Holder per the terms of this
  Warrant) and the Holder shall thereupon be entitled to receive the number of
  duly authorized, validly issued, fully-paid and non-assessable shares of
  Common Stock (or Other Securities) determined as provided herein.

	
 

	
 

	
 

	
          (b)
  Notwithstanding any provisions herein to the contrary, if the Fair Market
  Value of one share of Common Stock is greater than the Exercise Price (at the
  date of calculation as set forth below), in lieu of exercising this Warrant
  for cash, the Holder may elect to receive shares equal to the value (as
  determined below) of this Warrant (or the portion thereof being exercised) by
  surrender of this Warrant at the principal office of the Company together
  with the properly endorsed Exercise Notice in which event the Company shall
  issue to the Holder a number of shares of Common Stock computed using the
  following formula:

	
 

	
 

	
 

	
X=

	
Y(A-B)

	
 

	
 

	
A

	
 

	
 

	
 

	
 

	
Where X =

	
the number
  of shares of Common Stock to be issued to the Holder

	
 

	
 

	
Y =

	
the number
  of shares of Common Stock purchasable under this Warrant or, if only a
  portion of this Warrant is being exercised, the portion of this Warrant being
  exercised (at the date of such calculation)

	
 

	
 

	
A =

	
the Fair
  Market Value of one share of the Company’s Common Stock (at the date of such
  calculation)

	
 

	
 

	
B =

	
the Exercise
  Price per share (as adjusted to the date of such calculation)

          3.
Effect of Reorganization, Etc.; Adjustment of Exercise Price.

                    3.1
Reorganization, Consolidation, Merger, Etc. In case at any time or from
time to time, the Company shall (a) effect a reorganization, (b) consolidate
with or merge into any other person, or (c) transfer all or substantially all
of its properties or assets to any other person under any plan or arrangement
contemplating the dissolution of the Company, then, in each such case, as a
condition to the consummation of such a transaction, proper and adequate
provision shall be made by the Company whereby the Holder, on the exercise
hereof as provided in Section 1 at any time after the consummation of such
reorganization, consolidation or merger or the effective date of such
dissolution, as the case may be, shall receive, in lieu of the Common Stock (or
Other Securities) issuable on such exercise prior to such consummation or such
effective date, the stock and other securities and property (including cash) to
which such Holder would have been entitled upon such consummation or in
connection with such dissolution, as the case may be, if such Holder had so
exercised this Warrant, immediately prior thereto, all subject to further
adjustment thereafter as provided in Section 4.

                    3.2
Dissolution. In the event of any dissolution of the Company following
the transfer of all or substantially all of its properties or assets, the
Company, concurrently with any distributions made to holders of its Common
Stock, shall at its expense deliver or cause to be 

4

delivered to
the Holder the stock and other securities and property (including cash, where
applicable) receivable by the Holder pursuant to Section 3.1, or, if the Holder
shall so instruct the Company, to a bank or trust company specified by the
Holder and having its principal office in New York, NY as trustee for the
Holder.

                    3.3
Continuation of Terms. Upon any reorganization, consolidation, merger or
transfer (and any dissolution following any transfer) referred to in this
Section 3, this Warrant shall continue in full force and effect and the terms
hereof shall be applicable to the shares of stock and other securities and
property receivable on the exercise of this Warrant after the consummation of
such reorganization, consolidation or merger or the effective date of dissolution
following any such transfer, as the case may be, and shall be binding upon the
issuer of any such stock or other securities, including, in the case of any
such transfer, the person acquiring all or substantially all of the properties
or assets of the Company, whether or not such person shall have expressly
assumed the terms of this Warrant as provided in Section 4. In the event this
Warrant does not continue in full force and effect after the consummation of
the transactions described in this Section 3, then the Company’s securities and
property (including cash, where applicable) receivable by the Holder will be
delivered to the Holder or the Trustee as contemplated by Section 3.2.

          4.
Extraordinary Events Regarding Common Stock. In the event that the
Company shall (a) issue additional shares of the Common Stock as a dividend or
other distribution on outstanding Common Stock or any preferred stock issued by
the Company, (b) subdivide its outstanding shares of Common Stock, (c) combine
its outstanding shares of the Common Stock into a smaller number of shares of
the Common Stock, then, in each such event, the Exercise Price shall,
simultaneously with the happening of such event, be adjusted by multiplying the
then Exercise Price by a fraction, the numerator of which shall be the number
of shares of Common Stock outstanding immediately prior to such event and the
denominator of which shall be the number of shares of Common Stock outstanding
immediately after such event, and the product so obtained shall thereafter be
the Exercise Price then in effect. The Exercise Price, as so adjusted, shall be
readjusted in the same manner upon the happening of any successive event or
events described herein in this Section 4. The number of shares of Common Stock
that the holder shall thereafter, on the exercise hereof as provided in Section
1, be entitled to receive shall be adjusted to a number determined by
multiplying the number of shares of Common Stock that would otherwise (but for
the provisions of this Section 4) be issuable on such exercise by a fraction of
which (a) the numerator is the Exercise Price that would otherwise (but for the
provisions of this Section 4) be in effect, and (b) the denominator is the
Exercise Price in effect on the date of such exercise (taking into account the
provisions of this Section 4). Notwithstanding the foregoing, in no event shall
the Exercise Price be less than the par value of the Common Stock.

          5.
Certificate as to Adjustments. In each case of any adjustment or readjustment
in the shares of Common Stock (or Other Securities) issuable on the exercise of
this Warrant, the Company at its expense will promptly cause its Chief
Financial Officer or other appropriate designee to compute such adjustment or
readjustment in accordance with the terms of this Warrant and prepare a
certificate setting forth such adjustment or readjustment and showing in detail
the facts upon which such adjustment or readjustment is based, including a
statement of (a) 

5

the
consideration received or receivable by the Company for any additional shares
of Common Stock (or Other Securities) issued or sold or deemed to have been
issued or sold, (b) the number of shares of Common Stock (or Other Securities)
outstanding or deemed to be outstanding, and (c) the Exercise Price and the
number of shares of Common Stock to be received upon exercise of this Warrant,
in effect immediately prior to such adjustment or readjustment and as adjusted
or readjusted as provided in this Warrant. The Company will forthwith mail a
copy of each such certificate to the holder and any warrant agent of the
Company (appointed pursuant to Section 11 hereof).

          6.
Reservation of Stock, Etc., Issuable on Exercise of Warrant. From and
after the date that the Certificate of Incroporation for the Company is amended
to increase the authorized Common Stock of the Company, the Company will at all
times reserve and keep available, solely for issuance and delivery on the
exercise of this Warrant, shares of Common Stock (or Other Securities) from
time to time issuable on the exercise of this Warrant.

          7.
Assignment; Exchange of Warrant. Subject to compliance with applicable
securities laws, this Warrant, and the rights evidenced hereby, may be
transferred by any registered holder hereof (a “Transferor”) in whole or in
part. On the surrender for exchange of this Warrant, with the Transferor’s
endorsement in the form of Exhibit B attached hereto (the “Transferor
Endorsement Form”) and together with evidence reasonably satisfactory to the
Company demonstrating compliance with applicable securities laws, which shall
include, without limitation, a legal opinion from the Transferor’s counsel (at
the Company’s expense) that such transfer is exempt from the registration
requirements of applicable securities laws, the Company at its expense (but
with payment by the Transferor of any applicable transfer taxes) will issue and
deliver to or on the order of the Transferor thereof a new Warrant of like
tenor, in the name of the Transferor and/or the transferee(s) specified in such
Transferor Endorsement Form (each a “Transferee”), calling in the aggregate on
the face or faces thereof for the number of shares of Common Stock called for
on the face or faces of the Warrant so surrendered by the Transferor.

          8.
Replacement of Warrant. On receipt of evidence reasonably satisfactory
to the Company of the loss, theft, destruction or mutilation of this Warrant
and, in the case of any such loss, theft or destruction of this Warrant, on
delivery of an indemnity agreement or security reasonably satisfactory in form
and amount to the Company or, in the case of any such mutilation, on surrender
and cancellation of this Warrant, the Company at its expense will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

          9.
Registration Rights. The Holder has been granted certain registration
rights by the Company. These registration rights are set forth in a
Registration Rights Agreement entered into by the Company and Holder dated as
of the date hereof, as the same may be amended, modified and/or supplemented
from time to time.

          10.
Maximum Exercise. Notwithstanding anything herein to the contrary, in no
event shall the Holder be entitled to exercise any portion of this Warrant in
excess of that portion of this Warrant upon exercise of which the sum of (1)
the number of shares of Common Stock beneficially owned by the Holder and its
Affiliates (other than shares of Common Stock which may be deemed beneficially
owned through the ownership of the unexercised portion of the 

6

Warrant or the
unexercised or unconverted portion of any other security of the Holder subject
to a limitation on conversion analogous to the limitations contained herein)
and (2) the number of shares of Common Stock issuable upon the exercise of the
portion of this Warrant with respect to which the determination of this proviso
is being made, would result in beneficial ownership by the Holder and its
Affiliates of any amount greater than 9.99% of the then outstanding shares of
Common Stock (whether or not, at the time of such exercise, the Holder and its
Affiliates beneficially own more than 9.99% of the then outstanding shares of
Common Stock). As used herein, the term “Affiliate” means any person or entity
that, directly or indirectly through one or more intermediaries, controls or is
controlled by or is under common control with a person or entity, as such terms
are used in and construed under Rule 144 under the Securities Act. For purposes
of the proviso to the second preceding sentence, beneficial ownership shall be
determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended, and Regulations 13D-G thereunder, except as otherwise
provided in clause (1) of such proviso. The limitations set forth herein (x)
may be waived by the Holder upon provision of no less than sixty-one (61) days
prior notice to the Company and (y) shall automatically become null and void
following notice to the Company upon the occurrence and during the continuance
of an Event of Default (as defined in the Purchase Agreement).

          11.
Warrant Agent. The Company may, by written notice to the each Holder of
the Warrant, appoint an agent for the purpose of issuing Common Stock (or Other
Securities) on the exercise of this Warrant pursuant to Section 1, exchanging
this Warrant pursuant to Section 7, and replacing this Warrant pursuant to
Section 8, or any of the foregoing, and thereafter any such issuance, exchange
or replacement, as the case may be, shall be made at such office by such agent.

          12.
Transfer on the Company’s Books. Until this Warrant is transferred on
the books of the Company, the Company may treat the registered holder hereof as
the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

          13.
Notices, Etc. All notices and other communications from the Company to
the Holder shall be mailed by first class registered or certified mail, postage
prepaid, at such address as may have been furnished to the Company in writing
by such Holder or, until any such Holder furnishes to the Company an address,
then to, and at the address of, the last Holder who has so furnished an address
to the Company.

          14.
Miscellaneous. This Warrant and any term hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is
sought. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF
LAWS. ANY ACTION BROUGHT CONCERNING THE TRANSACTIONS CONTEMPLATED BY THIS
WARRANT SHALL BE BROUGHT ONLY IN STATE COURTS OF NEW YORK OR IN THE FEDERAL
COURTS LOCATED IN THE STATE OF NEW YORK; PROVIDED, HOWEVER, THAT THE HOLDER MAY
CHOOSE TO WAIVE THIS PROVISION AND BRING AN ACTION OUTSIDE THE STATE OF NEW
YORK. The individuals executing this Warrant on behalf of the Company agree to
submit to the jurisdiction of such courts and waive trial by jury. The
prevailing party shall be entitled to recover from the 

7

other party
its reasonable attorneys’ fees and costs. In the event that any provision of
this Warrant is invalid or unenforceable under any applicable statute or rule of
law, then such provision shall be deemed inoperative to the extent that it may
conflict therewith and shall be deemed modified to conform with such statute or
rule of law. Any such provision which may prove invalid or unenforceable under
any law shall not affect the validity or enforceability of any other provision
of this Warrant. The headings in this Warrant are for purposes of reference
only, and shall not limit or otherwise affect any of the terms hereof. The
invalidity or unenforceability of any provision hereof shall in no way affect
the validity or enforceability of any other provision hereof. The Company
acknowledges that legal counsel participated in the preparation of this Warrant
and, therefore, stipulates that the rule of construction that ambiguities are
to be resolved against the drafting party shall not be applied in the
interpretation of this Warrant to favor any party against the other party.

[BALANCE OF PAGE INTENTIONALLY LEFT BLANK;

SIGNATURE PAGE FOLLOWS]

8

          IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first
written above. 

	
 

	
 

	
 

	
 

	
 

	
 

	
TRUEYOU.COM
  INC.

	
 

	
 

	
 

	
WITNESS:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
 

	

	
 

	
 

	
Title:

	

	
 

	
 

	

9

EXHIBIT A

FORM OF SUBSCRIPTION
(To Be Signed Only On Exercise Of Warrant)

	
 

	
 

	
 

	
TO:

	
TrueYou.com Inc. 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 

          Attention:     Chief
Financial Officer

          The
undersigned, pursuant to the provisions set forth in the attached Warrant (No.____),
hereby irrevocably elects to purchase (check applicable box):

	
 

	
 

	
________

	
________
  shares of the common stock covered by such warrant; or 

	
 

	
 

	
________

	
the maximum
  number of shares of common stock covered by such warrant pursuant to the
  cashless exercise procedure set forth in Section 2.

          The
undersigned herewith makes payment of the full Exercise Price for such shares
at the price per share provided for in such Warrant, which is $___________.
Such payment takes the form of (check applicable box or boxes):

	
 

	
 

	
________

	
$__________
  in lawful money of the United States; and/or

	
 

	
 

	
________

	
the
  cancellation of such portion of the attached Warrant as is exercisable for a
  total of _______ shares of Common Stock (using a Fair Market Value of $_______
  per share for purposes of this calculation); and/or

	
 

	
 

	
________

	
the
  cancellation of such number of shares of Common Stock as is necessary, in
  accordance with the formula set forth in Section 2.2, to exercise this
  Warrant with respect to the maximum number of shares of Common Stock
  purchasable pursuant to the cashless exercise procedure set forth in Section
  2.

          The
undersigned requests that the certificates for such shares be issued in the
name of, and delivered to ______________________________________________ whose
address is
___________________________________________________________________________.

          The
undersigned represents and warrants that all offers and sales by the
undersigned of the securities issuable upon exercise of the within Warrant
shall be made pursuant to registration of the Common Stock under the Securities
Act of 1933, as amended (the “Securities Act”) or pursuant to an exemption from
registration under the Securities Act.

	
 

	
 

	
 

	
 

	
Dated:  

	
 

	
 

	
 

	

	

	
 

	
 

	
(Signature
  must conform to name of holder as

  specified on the face of the Warrant)

	
 

	
 

	
Address:  

	
 

	
 

	
 

	

	
 

	
 

	
 

	

10

EXHIBIT B

FORM OF TRANSFEROR ENDORSEMENT
(To Be Signed Only On Transfer Of Warrant)

          For
value received, the undersigned hereby sells, assigns, and transfers unto the
person(s) named below under the heading “Transferees” the right represented by
the within Warrant to purchase the percentage and number of shares of Common
Stock of TrueYou.com Inc. into which the within Warrant relates specified under
the headings “Percentage Transferred” and “Number Transferred,” respectively,
opposite the name(s) of such person(s) and appoints each such person Attorney
to transfer its respective right on the books of TrueYou.com Inc. with full
power of substitution in the premises.

	
 

	
 

	
 

	
 

	
  Transferees

	
    Address

	
Percentage

  Transferred

	
Number

  Transferred

	

	

	

	

	
 

	
 

	
 

	
 

	
Dated:  

	
 

	
 

	
 

	

	

	
 

	
 

	
(Signature
  must conform to name of holder as

  specified on the face of the Warrant)

	
 

	
 

	
Address:  

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
SIGNED IN THE PRESENCE OF: 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
(Name)

	
 

	
 

	
ACCEPTED AND
  AGREED:

	
 

	
[TRANSFEREE]

	
 

	
 

	
 

	

	
 

	
(Name)

	
 

	
 

	
 

11

IRREVOCABLE PROXY

                    For
good and valuable consideration, receipt of which is hereby acknowledged,
Laurus Master Fund, Ltd. (“Laurus”), hereby appoints ___________________ (the
“Proxy Holder” or the “Company”), with a mailing address at
___________________________, with full power of substitution, as proxy, to vote
all shares of Common Stock of the Company, now or in the future owned by Laurus
to the extent such shares are issued to Laurus upon its exercise of (a) the
Common Stock Purchase Warrant (the “Warrant”), issued by the Company to Laurus
as of the date hereof and (b) all other warrants and/or options issued by the
Company in favor of Laurus with an exercise price equal to or less than the
greater of $0.01 and the par value of the Company’s common stock (the “Other
Options and Warrants”) (collectively, the “Shares”).

                    This
proxy is irrevocable and coupled with an interest. Upon the sale or other
transfer of the Shares, in whole or in part, or the assignment of the Warrant
or any of the Other Options and Warrants, this proxy shall automatically
terminate (x) with respect to such sold or transferred Shares at the time of
such sale and/or transfer, and (y) in the case of an assignment of the Warrant
and/or Other Options and Warrants, at the time of such assignment in respect of
the Shares issuable upon exercise of such assigned Warrant and/or Other Options
and Warrants, in each case, without any further action required by any person.

                    Laurus
shall use its best efforts to forward to Proxy Holder within two (2) business
days following Laurus’ receipt thereof, at the address for Proxy Holder set
forth above, copies of all materials received by Laurus relating, in each case,
to the solicitation of the vote of shareholders of the Company.

                    This
proxy shall remain in effect with respect to the Shares of the Company during
the period commencing on the date hereof and continuing until the payment in
full of all obligations and liabilities owing by the Company to Laurus (as the
same may be amended, restated, extended or modified from time to time).

                    IN
WITNESS WHEREOF, the undersigned has executed this irrevocable proxy as of the
__ day of April 2007.

	
 

	
 

	
 

	
 

	
LAURUS MASTER FUND, LTD.

	
 

	
 

	
 

	
 

	
By:  

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
Title:

12Exhibit 10.4

	
 

	
 

	
 

	
 

	
THIS WARRANT
  AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
  NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
  STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON
  EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
  HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS
  WARRANT UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION
  OF COUNSEL REASONABLY SATISFACTORY TO TRUEYOU.COM INC. THAT SUCH REGISTRATION
  IS NOT REQUIRED.

	
 

Right to Purchase up to 29,276,583,452 Shares
of Common Stock of

TrueYou.Com Inc.

(subject to adjustment as provided herein)

COMMON STOCK PURCHASE WARRANT

	
 

	
 

	
No. D

	
Issue Date: May 4, 2007

          TrueYou.com
Inc., a corporation organized under the laws of the State of Delaware (the
“Company”), hereby certifies that, for value received, LAURUS MASTER FUND, LTD.
(the “Purchaser”), or permitted assigns (together with the Purchaser, the
“Holder”), is entitled, subject to the terms set forth below and the provisions
of the Purchase Agreement and Warrant Side Letter (as such terms are defined
below)), to purchase from the Company (as defined herein) from and after the
Issue Date of this Warrant, up to 29,276,583,452 fully paid and nonassessable
shares of Common Stock (as hereinafter defined), $0.001 par value per share, at
the applicable Exercise Price per share (as defined below). The number and
character of such shares of Common Stock and the applicable Exercise Price per
share are subject to adjustment as provided in this warrant (as amended,
modified, restated and/or supplemented from time to time, this “Warrant”).

          As
used herein the following terms, unless the context otherwise requires, have
the following respective meanings: 

	
 

	
 

	
 

	
          (a)
  The term “Company” shall include TrueYou.com Inc. and any person or entity
  which shall succeed, or assume the obligations of, TrueYou.com Inc.
  hereunder. 

	
 

	
 

	
 

	
          (b)
  The term “Common Stock” includes (i) the Company’s Common Stock, par value
  $0.001 per share; and (ii) any other securities into which or for which any
  of the securities described in the preceding clause (i) may be converted or
  exchanged pursuant to a plan of recapitalization, reorganization, merger,
  sale of assets or otherwise.

	
 

	
 

	
 

	
          (c)
  The term “Other Securities” refers to any stock (other than Common Stock) and
  other securities of the Company or any other person (corporate or otherwise)
  which the holder of the Warrant at any time shall be entitled to receive, or
  shall have received, on the exercise of the Warrant, in lieu of or in
  addition to Common Stock, or which at any time shall be issuable or shall
  have been issued in exchange for or in replacement of Common Stock or Other
  Securities pursuant to Section 4 or otherwise. 

	
 

	
 

	
 

	
          (d)
  The “Exercise Price” applicable under this Warrant shall be $0.001 per share.

	
 

	
 

	
 

	
          (e)
  Capitalized terms used herein without definition shall have the meanings
  ascribed to such terms in that certain Amended and Restated Securities
  Purchase Agreement dated as of May 4, 2007 by and between the Company and the
  Purchaser (as amended, modified, restated and/or supplemented from time to
  time, the “Purchase Agreement”) or in any Related Agreement (as defined
  in the Purchase Agreement).

	
 

	
 

           1.     
Exercise of Warrant. 

                    1.1
Number of Shares Issuable upon Exercise. From and after the date hereof
through and including the Expiration Date, the Holder shall be entitled to
receive, upon exercise of this Warrant in whole or in part, by delivery of an
original or fax copy of an exercise notice in the form attached hereto as
Exhibit A (the “Exercise Notice”), shares of Common Stock of the Company,
subject to adjustment pursuant to Section 4.

                    1.2
Fair Market Value. For purposes hereof, the “Fair Market Value” of a
share of Common Stock as of a particular date (the “Determination Date”) shall
mean: 

	
 

	
 

	
 

	
          (a)
  If the Company’s Common Stock is traded on the American Stock Exchange or
  another national exchange or is quoted on the National or Capital Market of
  The Nasdaq Stock Market, Inc. (“Nasdaq”), then the closing or last sale
  price, respectively, reported for the last business day immediately preceding
  the Determination Date.

	
 

	
 

	
 

	
          (b)
  If the Company’s Common Stock is not traded on the American Stock Exchange or
  another national exchange or on the Nasdaq but is traded on the NASD Over The
  Counter Bulletin Board, then the mean of the average of the closing bid and
  asked prices reported for the last business day immediately preceding the
  Determination Date.

	
 

	
 

	
 

	
          (c)
  Except as provided in clause (d) below, if the Company’s Common Stock is not
  publicly traded, then as the Holder and the Company agree or in the absence
  of agreement by arbitration in accordance with the rules then in effect of
  the American Arbitration Association, before a single arbitrator to be chosen
  from a panel of persons qualified by education and training to pass on the
  matter to be decided.

	
 

	
 

	
 

	
          (d)
  If the Determination Date is the date of a liquidation, dissolution or
  winding up, or any event deemed to be a liquidation, dissolution or winding
  up pursuant to the Company’s charter, then all amounts to be payable per
  share to holders of the

2

	
 

	
 

	
 

	
Common Stock
  pursuant to the charter in the event of such liquidation, dissolution or
  winding up, plus all other amounts to be payable per share in respect of the
  Common Stock in liquidation under the charter, assuming for the purposes of
  this clause (d) that all of the shares of Common Stock then issuable upon
  exercise of the Warrant are outstanding at the Determination Date.

                    1.3
Company Acknowledgment. The Company will, at the time of the exercise of
this Warrant, upon the request of the holder hereof acknowledge in writing its
continuing obligation to afford to such holder any rights to which such holder
shall continue to be entitled after such exercise in accordance with the
provisions of this Warrant. If the holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to
afford to such holder any such rights. 

                    1.4
Trustee for Warrant Holders. In the event that a bank or trust company
shall have been appointed as trustee for the holders of this Warrant pursuant
to Subsection 3.2, such bank or trust company shall have all the powers and
duties of a warrant agent (as hereinafter described) and shall accept, in its
own name for the account of the Company or such successor person as may be
entitled thereto, all amounts otherwise payable to the Company or such successor,
as the case may be, on exercise of this Warrant pursuant to this Section 1.

          2.          
Procedure for Exercise.

                    2.1
Delivery of Stock Certificates, Etc., on Exercise. The Company agrees
that the shares of Common Stock purchased upon exercise of this Warrant shall
be deemed to be issued to the Holder as the record owner of such shares as of
the close of business on the date on which this Warrant shall have been
surrendered and payment made for such shares in accordance herewith. As soon as
practicable after the exercise of this Warrant in full or in part, and in any
event within three (3) business days thereafter, the Company at its expense
(including the payment by it of any applicable issue taxes) will cause to be
issued in the name of and delivered to the Holder, or as such Holder (upon
payment by such Holder of any applicable transfer taxes) may direct in
compliance with applicable securities laws, a certificate or certificates for
the number of duly and validly issued, fully paid and nonassessable shares of
Common Stock (or Other Securities) to which such Holder shall be entitled on
such exercise, plus, in lieu of any fractional share to which such holder would
otherwise be entitled, cash equal to such fraction multiplied by the then Fair
Market Value of one full share, together with any other stock or other
securities and property (including cash, where applicable) to which such Holder
is entitled upon such exercise pursuant to Section 1 or otherwise.

                    2.2
Exercise. 

	
 

	
 

	
 

	
          (a)
  Payment may be made either (i) in cash of immediately available funds or by
  certified or official bank check payable to the order of the Company equal to
  the applicable aggregate Exercise Price, (ii) by delivery of this Warrant, or
  shares of Common Stock and/or Common Stock receivable upon exercise of this
  Warrant in accordance with the formula set forth in subsection (b) below, or
  (iii) by a combination of any of the foregoing methods, for the number of
  Common Shares specified in such Exercise Notice (as such exercise number
  shall be adjusted to reflect any adjustment in 

3

	
 

	
 

	
 

	
the total
  number of shares of Common Stock issuable to the Holder per the terms of this
  Warrant) and the Holder shall thereupon be entitled to receive the number of
  duly authorized, validly issued, fully-paid and non-assessable shares of
  Common Stock (or Other Securities) determined as provided herein.

	
 

	
 

	
 

	
          (b)
  Notwithstanding any provisions herein to the contrary, if the Fair Market
  Value of one share of Common Stock is greater than the Exercise Price (at the
  date of calculation as set forth below), in lieu of exercising this Warrant
  for cash, the Holder may elect to receive shares equal to the value (as
  determined below) of this Warrant (or the portion thereof being exercised) by
  surrender of this Warrant at the principal office of the Company together
  with the properly endorsed Exercise Notice in which event the Company shall
  issue to the Holder a number of shares of Common Stock computed using the following
  formula:

	
 

	
 

	
 

	
 

	
 

	
X=

	
Y(A-B) 

	
 

	
 

	
      A

	
 

	
 

	
 

	
 

	
Where X =

	
the number
  of shares of Common Stock to be issued to the Holder

	
 

	
 

	
 

	
 

	
Y =

	
the number
  of shares of Common Stock purchasable under this Warrant or, if only a
  portion of this Warrant is being exercised, the portion of this Warrant being
  exercised (at the date of such calculation)

	
 

	
 

	
 

	
 

	
A =

	
the Fair
  Market Value of one share of the Company’s Common Stock (at the date of such
  calculation)

	
 

	
 

	
 

	
 

	
B =

	
the Exercise
  Price per share (as adjusted to the date of such calculation)

	
 

	
 

	
 

	
 

	
3.   Effect of
  Reorganization, Etc.; Adjustment of Exercise Price.

                    3.1
Reorganization, Consolidation, Merger, Etc. In case at any time or from
time to time, the Company shall (a) effect a reorganization, (b) consolidate
with or merge into any other person, or (c) transfer all or substantially all
of its properties or assets to any other person under any plan or arrangement
contemplating the dissolution of the Company, then, in each such case, as a
condition to the consummation of such a transaction, proper and adequate
provision shall be made by the Company whereby the Holder, on the exercise
hereof as provided in Section 1 at any time after the consummation of such
reorganization, consolidation or merger or the effective date of such
dissolution, as the case may be, shall receive, in lieu of the Common Stock (or
Other Securities) issuable on such exercise prior to such consummation or such
effective date, the stock and other securities and property (including cash) to
which such Holder would have been entitled upon such consummation or in
connection with such dissolution, as the case may be, if such Holder had so
exercised this Warrant, immediately prior thereto, all subject to further
adjustment thereafter as provided in Section 4.

                    3.2
Dissolution. In the event of any dissolution of the Company following
the transfer of all or substantially all of its properties or assets, the
Company, concurrently with any distributions made to holders of its Common
Stock, shall at its expense deliver or cause to be

4

delivered to
the Holder the stock and other securities and property (including cash, where
applicable) receivable by the Holder pursuant to Section 3.1, or, if the Holder
shall so instruct the Company, to a bank or trust company specified by the
Holder and having its principal office in New York, NY as trustee for the
Holder.

                    3.3
Continuation of Terms. Upon any reorganization, consolidation, merger or
transfer (and any dissolution following any transfer) referred to in this
Section 3, this Warrant shall continue in full force and effect and the terms
hereof shall be applicable to the shares of stock and other securities and
property receivable on the exercise of this Warrant after the consummation of
such reorganization, consolidation or merger or the effective date of
dissolution following any such transfer, as the case may be, and shall be
binding upon the issuer of any such stock or other securities, including, in
the case of any such transfer, the person acquiring all or substantially all of
the properties or assets of the Company, whether or not such person shall have
expressly assumed the terms of this Warrant as provided in Section 4. In the
event this Warrant does not continue in full force and effect after the
consummation of the transactions described in this Section 3, then the
Company’s securities and property (including cash, where applicable) receivable
by the Holder will be delivered to the Holder or the Trustee as contemplated by
Section 3.2.

          4.
Extraordinary Events Regarding Common Stock. In the event that the
Company shall (a) issue additional shares of the Common Stock as a dividend or
other distribution on outstanding Common Stock or any preferred stock issued by
the Company, (b) subdivide its outstanding shares of Common Stock, (c) combine
its outstanding shares of the Common Stock into a smaller number of shares of
the Common Stock, then, in each such event, the Exercise Price shall,
simultaneously with the happening of such event, be adjusted by multiplying the
then Exercise Price by a fraction, the numerator of which shall be the number
of shares of Common Stock outstanding immediately prior to such event and the
denominator of which shall be the number of shares of Common Stock outstanding
immediately after such event, and the product so obtained shall thereafter be
the Exercise Price then in effect. The Exercise Price, as so adjusted, shall be
readjusted in the same manner upon the happening of any successive event or
events described herein in this Section 4. The number of shares of Common Stock
that the holder shall thereafter, on the exercise hereof as provided in Section
1, be entitled to receive shall be adjusted to a number determined by multiplying
the number of shares of Common Stock that would otherwise (but for the
provisions of this Section 4) be issuable on such exercise by a fraction of
which (a) the numerator is the Exercise Price that would otherwise (but for the
provisions of this Section 4) be in effect, and (b) the denominator is the
Exercise Price in effect on the date of such exercise (taking into account the
provisions of this Section 4). Notwithstanding the foregoing, in no event shall
the Exercise Price be less than the par value of the Common Stock.

          5.
Certificate as to Adjustments. In each case of any adjustment or
readjustment in the shares of Common Stock (or Other Securities) issuable on
the exercise of this Warrant, the Company at its expense will promptly cause
its Chief Financial Officer or other appropriate designee to compute such
adjustment or readjustment in accordance with the terms of this Warrant and
prepare a certificate setting forth such adjustment or readjustment and showing
in detail the facts upon which such adjustment or readjustment is based,
including a statement of (a) 

5

the
consideration received or receivable by the Company for any additional shares
of Common Stock (or Other Securities) issued or sold or deemed to have been
issued or sold, (b) the number of shares of Common Stock (or Other Securities)
outstanding or deemed to be outstanding, and (c) the Exercise Price and the
number of shares of Common Stock to be received upon exercise of this Warrant,
in effect immediately prior to such adjustment or readjustment and as adjusted
or readjusted as provided in this Warrant. The Company will forthwith mail a
copy of each such certificate to the holder and any warrant agent of the
Company (appointed pursuant to Section 11 hereof).

          6.
Reservation of Stock, Etc., Issuable on Exercise of Warrant. From and
after the date that the Certificate of Incroporation for the Company is amended
to increase the authorized Common Stock of the Company, the Company will at all
times reserve and keep available, solely for issuance and delivery on the
exercise of this Warrant, shares of Common Stock (or Other Securities) from
time to time issuable on the exercise of this Warrant.

          7.
Assignment; Exchange of Warrant. Subject to compliance with applicable
securities laws, this Warrant, and the rights evidenced hereby, may be
transferred by any registered holder hereof (a “Transferor”) in whole or in
part. On the surrender for exchange of this Warrant, with the Transferor’s
endorsement in the form of Exhibit B attached hereto (the “Transferor
Endorsement Form”) and together with evidence reasonably satisfactory to the
Company demonstrating compliance with applicable securities laws, which shall
include, without limitation, a legal opinion from the Transferor’s counsel (at
the Company’s expense) that such transfer is exempt from the registration
requirements of applicable securities laws, the Company at its expense (but
with payment by the Transferor of any applicable transfer taxes) will issue and
deliver to or on the order of the Transferor thereof a new Warrant of like
tenor, in the name of the Transferor and/or the transferee(s) specified in such
Transferor Endorsement Form (each a “Transferee”), calling in the aggregate on
the face or faces thereof for the number of shares of Common Stock called for
on the face or faces of the Warrant so surrendered by the Transferor.

          8.
Replacement of Warrant. On receipt of evidence reasonably satisfactory
to the Company of the loss, theft, destruction or mutilation of this Warrant
and, in the case of any such loss, theft or destruction of this Warrant, on
delivery of an indemnity agreement or security reasonably satisfactory in form
and amount to the Company or, in the case of any such mutilation, on surrender
and cancellation of this Warrant, the Company at its expense will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

          9.
Registration Rights. The Holder has been granted certain registration
rights by the Company. These registration rights are set forth in a
Registration Rights Agreement entered into by the Company and Holder dated as
of the date hereof, as the same may be amended, modified and/or supplemented
from time to time.

          10.
Maximum Exercise. Notwithstanding anything herein to the contrary, in no
event shall the Holder be entitled to exercise any portion of this Warrant in
excess of that portion of this Warrant upon exercise of which the sum of (1)
the number of shares of Common Stock beneficially owned by the Holder and its
Affiliates (other than shares of Common Stock which may be deemed beneficially
owned through the ownership of the unexercised portion of the 

6

Warrant or the
unexercised or unconverted portion of any other security of the Holder subject
to a limitation on conversion analogous to the limitations contained herein)
and (2) the number of shares of Common Stock issuable upon the exercise of the
portion of this Warrant with respect to which the determination of this proviso
is being made, would result in beneficial ownership by the Holder and its
Affiliates of any amount greater than 9.99% of the then outstanding shares of
Common Stock (whether or not, at the time of such exercise, the Holder and its
Affiliates beneficially own more than 9.99% of the then outstanding shares of
Common Stock). As used herein, the term “Affiliate” means any person or entity
that, directly or indirectly through one or more intermediaries, controls or is
controlled by or is under common control with a person or entity, as such terms
are used in and construed under Rule 144 under the Securities Act. For purposes
of the proviso to the second preceding sentence, beneficial ownership shall be
determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended, and Regulations 13D-G thereunder, except as otherwise
provided in clause (1) of such proviso. The limitations set forth herein (x)
may be waived by the Holder upon provision of no less than sixty-one (61) days
prior notice to the Company and (y) shall automatically become null and void
following notice to the Company upon the occurrence and during the continuance
of an Event of Default (as defined in the Purchase Agreement).

          11.
Warrant Agent. The Company may, by written notice to the each Holder of
the Warrant, appoint an agent for the purpose of issuing Common Stock (or Other
Securities) on the exercise of this Warrant pursuant to Section 1, exchanging
this Warrant pursuant to Section 7, and replacing this Warrant pursuant to Section
8, or any of the foregoing, and thereafter any such issuance, exchange or
replacement, as the case may be, shall be made at such office by such agent.

          12.
Transfer on the Company’s Books. Until this Warrant is transferred on
the books of the Company, the Company may treat the registered holder hereof as
the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

          13.
Notices, Etc. All notices and other communications from the Company to
the Holder shall be mailed by first class registered or certified mail, postage
prepaid, at such address as may have been furnished to the Company in writing
by such Holder or, until any such Holder furnishes to the Company an address,
then to, and at the address of, the last Holder who has so furnished an address
to the Company.

          14.
Miscellaneous. This Warrant and any term hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is
sought. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF
LAWS. ANY ACTION BROUGHT CONCERNING THE TRANSACTIONS CONTEMPLATED BY THIS
WARRANT SHALL BE BROUGHT ONLY IN STATE COURTS OF NEW YORK OR IN THE FEDERAL
COURTS LOCATED IN THE STATE OF NEW YORK; PROVIDED, HOWEVER, THAT THE HOLDER MAY
CHOOSE TO WAIVE THIS PROVISION AND BRING AN ACTION OUTSIDE THE STATE OF NEW
YORK. The individuals executing this Warrant on behalf of the Company agree to
submit to the jurisdiction of such courts and waive trial by jury. The
prevailing party shall be entitled to recover from the 

7

other party
its reasonable attorneys’ fees and costs. In the event that any provision of
this Warrant is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it
may conflict therewith and shall be deemed modified to conform with such
statute or rule of law. Any such provision which may prove invalid or
unenforceable under any law shall not affect the validity or enforceability of
any other provision of this Warrant. The headings in this Warrant are for
purposes of reference only, and shall not limit or otherwise affect any of the
terms hereof. The invalidity or unenforceability of any provision hereof shall
in no way affect the validity or enforceability of any other provision hereof.
The Company acknowledges that legal counsel participated in the preparation of
this Warrant and, therefore, stipulates that the rule of construction that
ambiguities are to be resolved against the drafting party shall not be applied
in the interpretation of this Warrant to favor any party against the other
party.

[BALANCE OF PAGE INTENTIONALLY LEFT BLANK;

SIGNATURE PAGE FOLLOWS]

8

          IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first
written above. 

	
 

	
 

	
 

	
 

	
TRUEYOU.COM
  INC.

	
 

	
 

	
WITNESS:

	
 

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
 

	

	
 

	
Title:

	

	
 

	

9

EXHIBIT A

FORM OF SUBSCRIPTION
(To Be Signed Only On Exercise Of Warrant)

	
 

	
 

	
 

	
TO:

	
TrueYou.com Inc. 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 

          Attention:     Chief
Financial Officer

          The
undersigned, pursuant to the provisions set forth in the attached Warrant
(No.____), hereby irrevocably elects to purchase (check applicable box):

	
 

	
 

	
________

	
________
  shares of the common stock covered by such warrant; or 

	
 

	
 

	
________

	
the maximum
  number of shares of common stock covered by such warrant pursuant to the
  cashless exercise procedure set forth in Section 2.

          The
undersigned herewith makes payment of the full Exercise Price for such shares
at the price per share provided for in such Warrant, which is $___________.
Such payment takes the form of (check applicable box or boxes):

	
 

	
 

	
________

	
$__________
  in lawful money of the United States; and/or

	
 

	
 

	
________

	
the
  cancellation of such portion of the attached Warrant as is exercisable for a
  total of _______ shares of Common Stock (using a Fair Market Value of
  $_______ per share for purposes of this calculation); and/or

	
 

	
 

	
________

	
the
  cancellation of such number of shares of Common Stock as is necessary, in
  accordance with the formula set forth in Section 2.2, to exercise this
  Warrant with respect to the maximum number of shares of Common Stock
  purchasable pursuant to the cashless exercise procedure set forth in Section
  2.

          The
undersigned requests that the certificates for such shares be issued in the
name of, and delivered to ______________________________________________ whose
address is
___________________________________________________________________________.

          The
undersigned represents and warrants that all offers and sales by the
undersigned of the securities issuable upon exercise of the within Warrant
shall be made pursuant to registration of the Common Stock under the Securities
Act of 1933, as amended (the “Securities Act”) or pursuant to an exemption from
registration under the Securities Act.

	
 

	
 

	
 

	
 

	
Dated: 

	
 

	
 

	
 

	

	

	
 

	
 

	
(Signature
  must conform to name of holder as

  specified on the face of the Warrant)

	
 

	
 

	
Address:  

	
 

	
 

	
 

	

	
 

	
 

	
 

	

10

EXHIBIT B

FORM OF TRANSFEROR ENDORSEMENT
(To Be Signed Only On Transfer Of Warrant)

          For
value received, the undersigned hereby sells, assigns, and transfers unto the
person(s) named below under the heading “Transferees” the right represented by
the within Warrant to purchase the percentage and number of shares of Common
Stock of TrueYou.com Inc. into which the within Warrant relates specified under
the headings “Percentage Transferred” and “Number Transferred,” respectively,
opposite the name(s) of such person(s) and appoints each such person Attorney
to transfer its respective right on the books of TrueYou.com Inc. with full
power of substitution in the premises.

	
 

	
 

	
 

	
 

	
  Transferees

	
   Address

	
Percentage

  Transferred

	
Number

  Transferred

	

	

	

	

	
 

	
 

	
 

	
 

	
Dated:  

	
 

	
 

	
 

	

	

	
 

	
 

	
(Signature
  must conform to name of holder as

  specified on the face of the Warrant)

	
 

	
 

	
Address:   

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
SIGNED IN THE PRESENCE OF: 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
(Name)

	
 

	
 

	
ACCEPTED AND AGREED: 

	
 

	
[TRANSFEREE] 

	
 

	
 

	
 

	

	
 

	
(Name)

	
 

11

IRREVOCABLE PROXY

                    For
good and valuable consideration, receipt of which is hereby acknowledged,
Laurus Master Fund, Ltd. (“Laurus”), hereby appoints ___________________ (the
“Proxy Holder” or the “Company”), with a mailing address at
___________________________, with full power of substitution, as proxy, to vote
all shares of Common Stock of the Company, now or in the future owned by Laurus
to the extent such shares are issued to Laurus upon its exercise of (a) the
Common Stock Purchase Warrant (the “Warrant”), issued by the Company to Laurus
as of the date hereof and (b) all other warrants and/or options issued by the
Company in favor of Laurus with an exercise price equal to or less than the
greater of $0.01 and the par value of the Company’s common stock (the “Other
Options and Warrants”) (collectively, the “Shares”).

                    This
proxy is irrevocable and coupled with an interest. Upon the sale or other
transfer of the Shares, in whole or in part, or the assignment of the Warrant
or any of the Other Options and Warrants, this proxy shall automatically
terminate (x) with respect to such sold or transferred Shares at the time of
such sale and/or transfer, and (y) in the case of an assignment of the Warrant
and/or Other Options and Warrants, at the time of such assignment in respect of
the Shares issuable upon exercise of such assigned Warrant and/or Other Options
and Warrants, in each case, without any further action required by any person.

                    Laurus
shall use its best efforts to forward to Proxy Holder within two (2) business
days following Laurus’ receipt thereof, at the address for Proxy Holder set
forth above, copies of all materials received by Laurus relating, in each case,
to the solicitation of the vote of shareholders of the Company.

                    This
proxy shall remain in effect with respect to the Shares of the Company during
the period commencing on the date hereof and continuing until the payment in
full of all obligations and liabilities owing by the Company to Laurus (as the
same may be amended, restated, extended or modified from time to time).

                    IN
WITNESS WHEREOF, the undersigned has executed this irrevocable proxy as of the
__ day of April 2007.

	
 

	
 

	
 

	
 

	
LAURUS MASTER FUND, LTD. 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
      Name:

	
 

	
      Title:

12

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