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Exhibit 4(d)    
    

EXECUTION
COPY 

REGISTRATION RIGHTS AGREEMENT  

        This is a Registration Rights Agreement (this "Agreement"), dated as of August 2, 2005, between West
Pharmaceutical Services, Inc., a Pennsylvania corporation (the "Company"), Freddy Zinger
("Zinger") and Zinger's designees identified on Exhibit A hereto (together with Zinger, the
"Sellers"). 

Background  

        A.    In
connection with a certain Common Stock and Interest Purchase Agreement, dated as of July 5, 2005 (the "Purchase
Agreement"), between the Company, West Pharmaceutical Services of Delaware, Inc., a Delaware corporation and wholly-owned subsidiary of the Company, Medimop Medical
Projects, Ltd., an Israeli company (the "Medimop"), Medimop USA LLC, an Ohio limited liability company ("Medimop
USA"), and Zinger, the Company has agreed, upon the terms and subject to the conditions set forth in the Purchase Agreement, to issue shares of the Company's common stock, par
value $0.25 per share (the "Common Stock"), in partial consideration of the Company's acquisition from the Zinger of 90% of the equity of Medimop and
Medimop USA. 

        B.    To
induce Zinger to execute and deliver the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as
amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the "1933 Act"), and applicable state securities
laws. 

Terms  

        In consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Sellers hereby agree as follows: 

        1.    Definitions.    

        As
used in this Agreement, the following terms shall have the following meanings: 

        (a)   "Acquired Common Stock" means the Common Stock acquired by the Sellers as consideration pursuant to the transactions
contemplated by the Purchase Agreement. 

        (b)   "Business Day" means any day other than Saturday, Sunday or any other day on which commercial banks in The City of New
York are authorized or required by law to remain closed. 

        (c)   "Filing Deadline" means 30 days after the issuance by the Company to the Sellers pursuant to the Purchase
Agreement. 

        (d)   "Holder" means Sellers, or a transferee or assignee thereof to whom a Seller assigns his rights under this Agreement and
who agrees to become bound by the provisions of this Agreement, provided that the rights hereunder may only be assigned by a Seller to one transferee or assignee and shall not be further assigned by
such assignee or transferee. 

        (e)   "Person" means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an
unincorporated organization and a government or any department or agency thereof. 

        (f)    "register," "registered," and
"registration" refer to a registration effected by preparing and filing one or more Registration Statements in compliance with the 1933 Act and pursuant
to Rule 415 and the declaration or ordering of effectiveness of such Registration Statement(s) by the SEC. 

 

        (g)   "Registrable Securities" means the Acquired Common Stock and any shares of capital stock issued or issuable, from time to
time, as a distribution on, or in exchange for, or otherwise with respect to the Acquired Common Stock. 

        (h)   "Registration Statement" means a registration statement or registration statements of the Company filed under the 1933
Act covering the Registrable Securities. 

        (i)    "Rule 415" means Rule 415 under the 1933 Act or any successor rule providing for offering securities on a
continuous or delayed basis. 

        (j)    "SEC" means the United States Securities and Exchange Commission. 

        Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Purchase Agreement. 

        2.    Registration.    

        (a)    Mandatory Registration.    The Company shall prepare, and, as soon as practicable, but in no event later than
the Filing Deadline, file with the SEC the Registration Statement on Form S-3 covering the resale of all of the Registrable Securities. In the event that Form S-3
is unavailable for such a registration, the Company shall, subject to Section 2(c), use such other form as is available for such a registration. Such Registration Statement prepared pursuant
hereto shall register for resale at least the number of shares of Acquired Common Stock. Such Registration Statement shall contain (except if otherwise directed by the holders of at least a majority
of the Registrable Securities) the "Selling Stockholders" section in substantially the form attached hereto as  Exhibit B and the "Plan of Distribution" in substantially the form attached hereto as
Exhibit C. The Company shall use its reasonable best efforts to have the Registration Statement declared effective by the SEC as soon as
practicable. 

        (b)    Legal Counsel.    The Sellers shall have the right to select one legal counsel to review and oversee any
registration pursuant to this Section 2 ("Legal Counsel"), which shall be designated by the holders of at
least a majority of the Registrable Securities. The Company and Legal Counsel shall reasonably cooperate with each other in performing the Company's obligations under this Agreement. 

        (c)    Ineligibility for Form S-3.    In the event that Form S-3 is not
available for the registration of the resale of Registrable Securities hereunder, the Company shall (i) register the resale of the Registrable Securities on another appropriate form reasonably
acceptable to the holders of at least a majority of the Registrable Securities and (ii) undertake to register the Registrable Securities on Form S-3 as soon as such form is
available, provided that the Company shall maintain the effectiveness of the Registration Statement then in effect until such time as a Registration
Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC. 

        3.    Related Obligations.    

        At
such time as the Company is obligated to file a Registration Statement with the SEC pursuant to Section 2(a) or 2(c), the Company will use its reasonable best efforts to
effect the registration of the Registrable Securities in accordance with the Plan of Distribution and the Company shall have the following obligations: 

        (a)   The
Company shall (i) respond promptly to any and all comments made by the staff of the SEC to any Registration Statement required to be filed hereunder, and
(ii) submit to the SEC, within 5 Business Days after the Company learns that no review of a particular Registration Statement will be made by the staff of the SEC or that the staff of the SEC
has no further comments on a particular Registration Statement, as the case may be, a request for acceleration of effectiveness of such Registration Statement to a time and date not later than
48 hours after the submission of such request, except in cases in which the Company determines in good faith that such Registration Statement 

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cannot
be made effective at such time, and in the latter event, to a time and date as soon as practicable. The Company shall keep each Registration Statement effective pursuant to Rule 415 at
all times until the earlier of (i) the date as of which the Sellers may sell all of the Registrable Securities covered by such Registration Statement immediately without restriction pursuant to
Rule 144(k) (or any successor thereto) promulgated under the 1933 Act, and (ii) the date on which the Holders shall have sold all of the Registrable Securities covered by such
Registration Statement (the "Registration Period"). The Company shall ensure that each Registration Statement (including any amendments or supplements
thereto and prospectuses contained therein) shall (A) comply in all material respects with the requirements of the 1933 Act and (B) not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein, or necessary to make the statements therein (in the case of prospectuses, in the light of the circumstances in which they were made) not
misleading, other than with respect to the information provided to the Company by the Holders. 

        (b)   The
Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to a Registration Statement and the
prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep such
Registration Statement effective at all times during the Registration Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable
Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods of
disposition by the seller or sellers thereof as set forth in such Registration Statement. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant
to this Agreement (including pursuant to this Section 3(b)) by reason of the Company filing a report on Form 10-K, Form 10-Q or Form 8-K
or any analogous report under the Securities Exchange Act of 1934, as amended (the "1934 Act"), the Company shall have incorporated such report by
reference into such Registration Statement, if applicable, or shall file such amendments or supplements with the SEC on the same day on which the 1934 Act report is filed which created the requirement
for the Company to amend or supplement such Registration Statement. 

        (c)   The
Company shall (A) permit Legal Counsel to review and comment upon (i) a Registration Statement at least 5 Business Days prior to its filing with the
SEC and (ii) all amendments and supplements to all Registration Statements (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K and any similar or successor reports) within a reasonable number of days prior to their filing with the SEC, and (B) not file any Registration
Statement or amendment or supplement thereto (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K and any similar or successor reports and any exhibits incorporated by reference therein) in a form to which Legal Counsel reasonably objects in writing. The Company shall
furnish to Legal Counsel, without charge, (i) copies of any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to any Registration Statement each
letter written by or on behalf of the Company to the SEC or the staff of the SEC (including, inter alia, any request to accelerate the effectiveness of the Registration Statement or amendment
thereto), (ii) promptly after the same is prepared and filed with the SEC, one copy of any Registration Statement and any amendment(s) thereto, each preliminary prospectus and prospectus and
each amendment and supplement thereto, including, financial statements and schedules, all documents incorporated therein by reference if requested by a Holder, and all exhibits and (iii) upon
the effectiveness of any Registration Statement or any amendment thereto, a notice stating that the Registration Statement or amendment has been declared effective and such number of copies of the
prospectus included in such Registration Statement, including a preliminary prospectus, all amendments and supplements thereto as such Holder may reasonably request from time to time in order to
facilitate the disposition of the Registrable Securities owned by such Holder. The Company shall reasonably cooperate with Legal Counsel in performing the Company's obligations pursuant to this
Section 3. 

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        (d)   The
Company shall furnish to each Holder whose Registrable Securities are included in any Registration Statement, without charge, (i) promptly after the same is
prepared and filed with the SEC, copies of each prospectus included in such Registration Statement, (ii) upon the effectiveness of any Registration Statement, copies of the prospectus included
in such Registration Statement and all amendments and supplements thereto (or such other number of copies as such Holder may reasonably request) and (iii) such other documents, including copies
of any prospectus, all as such Holder may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned by such Holder. 

        (e)   The
Company shall use its reasonable best efforts to (i) register and qualify, unless an exemption from registration and qualification applies, the resale by
Holders of the Registrable Securities covered by a Registration Statement under such other securities or "blue sky" laws of all applicable jurisdictions in the United States, (ii) prepare and
file in those jurisdictions such amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness
thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration
Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided,
however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would not
otherwise be required to qualify but for this Section 3(e), (y) subject itself to general taxation in any such jurisdiction, or (z) file a general consent to service of
process in any such jurisdiction. The Company shall promptly notify Legal Counsel and each Holder who holds Registrable Securities of the receipt by the Company of any notification with respect to the
suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or "blue sky" laws of any jurisdiction in the United States or its receipt of actual
notice of the initiation or threatening of any proceeding for such purpose. 

        (f)    The
Company shall notify Legal Counsel and each Holder in writing of the happening of any event, as promptly as practicable after becoming aware of such event, as a
result of which the prospectus included in a Registration Statement, as then in effect, includes an untrue statement of a material fact or omission to state a material fact required to be stated
therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (provided that in no event shall such notice contain any material,
nonpublic information), and, subject to Section 3(o), promptly prepare a supplement or amendment to such Registration Statement to correct such untrue statement or omission, and one copy of
such supplement or amendment to Legal Counsel and each Holder (or such other number of copies as Legal Counsel or such Holder may reasonably request). The Company shall also promptly notify Legal
Counsel and each Holder in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a Registration Statement or any
post-effective amendment has become effective (notification of such effectiveness shall be delivered to Legal Counsel and each Holder by facsimile on the same day of such effectiveness and
by overnight mail), (ii) of any request by the SEC for amendments or supplements to a Registration Statement or related prospectus or related information, and (iii) of the Company's
reasonable determination that a post-effective amendment to a Registration Statement would be appropriate. 

        (g)   The
Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement, or the
suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at
the earliest possible moment (including, in each case, by amending or supplementing such Registration Statement) and (ii) to notify Legal Counsel and each Holder who holds Registrable
Securities being sold of the issuance of such order and 

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the
resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose. 

        (h)   The
Company shall cooperate with the Holders who hold Registrable Securities being offered and, to the extent applicable, facilitate the timely preparation and delivery
of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration Statement and enable such certificates to be in such denominations
or amounts, as the case may be, as the Holders may reasonably request and registered in such names as same may request. 

        (i)    The
Company shall use its reasonable best efforts to promptly cause the Registrable Securities covered by a Registration Statement to be registered with or approved by
such other United States federal, state and local governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable Securities. 

        (j)    The
Company shall comply with all applicable laws, rules and regulations, including those of governmental authorities, related to the Registration Statement and any
registration hereunder (including, without limitation, the 1933 Act and the 1934 Act (as such term is defined below). 

        (k)   Within
two (2) Business Days after a Registration Statement which covers Registrable Securities is ordered effective by the SEC, the Company shall deliver to the
transfer agent for such Registrable Securities (with copies to the Holders whose Registrable Securities are included in such Registration Statement) confirmation that such Registration Statement has
been declared effective by the SEC. 

        (l)    Notwithstanding
anything to the contrary herein, at any time after a Registration Statement has been declared effective by the SEC, (A) upon the request of the
managing underwriter in a distribution of equity securities of the Company, each Selling Shareholder will cease making offers and sales of Registrable Securities pursuant to such Registration
Statement for a period not to exceed thirty (30) days (a "Financing Event") and (B) the Company may delay the disclosure of material
non-public information concerning the Company the disclosure of which, in the good faith opinion of the Board of Directors of the Company and its counsel, may reasonably be expected to
have an adverse effect on the Company (a "Grace Period"). The Grace Period shall expire upon the earlier to occur of (A) two (2) business
days after the date on which such material information is disclosed to the public or ceases to be material, or (B) up to thirty (30) days after the Company delivers written notice
pursuant to Section 3(f) above stating that the failure to disclose such non-public information causes the prospectus included in the Registration Statement, as then in effect, to
include an untrue statement of a material fact or to omit to state a material fact required to be stated therein or necessary to make the statement therein not misleading (each, a
"Grace Period Notice"). Notwithstanding the aforementioned, the Company shall promptly (i) (x) in the case of a Grace Period, notify the Holders
with written Grace Period Notice (provided that in each notice the Company will not disclose the content of such material non-public
information to the Holders) and (y) in the case of a Financing Event or a Grace Period, the date on which the Financing Event or Grace Period, as the case may be, will begin, and (ii) in
the case of a Financing Event and a Grace Period above, notify the Holders in writing of the date on which the Financing Event or Grace Period, as the case may be, ends; and,  provided, further, that no
Grace Period shall exceed thirty (30) consecutive days and during any three hundred sixty-five
(365) day period such Grace Periods shall not exceed an aggregate of sixty (60) days and the first day of any Grace Period must be at least two (2) trading days after the last day
of any prior Grace Period (each, an "Allowable Grace Period"). For purposes of determining the length of a Financing Event or Grace Period above, such
period shall begin on and include the date the Holders receive the notice referred to in clause (i) and shall end on and include the later of the date the Holders receive the notice referred to
in clause (ii) and the date referred to in such notice. The provisions of Section 3(g)(i) hereof shall not be applicable during the period of any Allowable Grace Period. Upon
expiration of the Grace Period, the 

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Company
shall again be bound by the first sentence of Section 3(f) with respect to the information giving rise thereto unless such material, non-public information is no longer
applicable. 

        4.    Obligations of the Holders.    

        (a)   At
least 7 Business Days prior to the first anticipated filing date of a Registration Statement, the Company shall notify each Holder in writing of the information the
Company requires from each such Holder if such Holder elects to have any of such Holder's Registrable Securities included in such Registration Statement. It shall be a condition precedent to the
obligations of the Company to complete such registration pursuant to this Agreement with respect to the Registrable Securities of a particular Holder that such Holder shall furnish to the Company such
information regarding itself and the Registrable Securities held by it as shall be reasonably required to effect the effectiveness of the registration of such Registrable Securities and shall execute
such customary documents in connection with such registration as the Company may reasonably request. 

        (b)   Each
Holder, by such Holder's acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with
the preparation and filing of any Registration Statement hereunder, unless such Holder has notified the Company in writing of such Holder's election to exclude all of such Holder's Registrable
Securities from such Registration Statement. 

        (c)   Each
Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(g) or the first sentence of
3(f), such Holder will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until such Holder's receipt of the
copies of the supplemented or amended prospectus contemplated by Section 3(g) or the first sentence of 3(f) or receipt of notice that no supplement or amendment is required. Notwithstanding
anything to the contrary, the Company shall cause its transfer agent to deliver unlegended shares of Common Stock to a transferee of a Holder in accordance with the terms of the Purchase Agreement in
connection with any sale of Registrable Securities with respect to which a Holder has entered into a contract for sale prior to the Holder's receipt of a notice from the Company of the happening of
any event of the kind described in Section 3(g) or the first sentence of 3(f) and for which the Holder has not yet settled. 

        (d)   Each
Holder agrees that it shall, in connection with any sales or other transfers of Registrable Securities pursuant to any Registration Statement, comply with any
applicable prospectus delivery requirements pursuant to the 1933 Act. 

        5.    Expenses of Registration.    

        All
reasonable expenses incurred in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and
qualifications fees, printers and accounting fees, and fees and disbursements of counsel for the Company shall be paid by the Company, except for the expenses incurred by the Holders, including,
without limitation, legal counsel fees. 

        6.    Indemnification.    

        In
the event any Registrable Securities are included in a Registration Statement under this Agreement: 

        (a)   To
the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend each Holder, the directors, officers, members, partners,
employees, agents, representatives of, and each Person, if any, who controls any Holder within the meaning of the 1933 Act or the 1934 Act (each, an "Indemnified
Person"), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys' fees, amounts paid in settlement or expenses,
joint or several (collectively, "Claims"), incurred in investigating, preparing or defending any 

6

 

action,
claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether
pending or threatened, whether or not an indemnified party is or may be a party thereto ("Indemnified Damages"), to which any of them may become subject
insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a
material fact in a Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other
"blue sky" laws of any jurisdiction in which Registrable Securities are offered ("Blue Sky Filing"), or the omission or alleged omission to state a
material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in any
preliminary prospectus if used prior to the effective date of such Registration Statement, or contained in the final prospectus (as amended or supplemented, if the Company files any amendment thereof
or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in the light of the circumstances under which
the statements therein were made, not misleading, or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation, any
state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities pursuant to a Registration Statement (the matters in the foregoing clauses
(i) through (iii) being, collectively, "Violations"). Subject to Section 6(c), the Company shall reimburse the Indemnified Persons,
promptly as such expenses are incurred and are due and payable, for any legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim.
Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim by an Indemnified Person arising
out of or based upon a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company by or on behalf of any Indemnified Person expressly for use in
connection with the preparation of such Registration Statement or any such amendment thereof or supplement thereto; (ii) shall not be available to the extent such Claim is based on a failure of
the Holder to properly deliver or to cause to be delivered the prospectus made available by the Company, including a corrected prospectus, if such prospectus or corrected prospectus was timely made
available by the Company pursuant to Section 3(d); and (iii) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent
of the Company, which consent shall not be unreasonably withheld or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the
Indemnified Person and shall survive the transfer of the Registrable Securities by the Holders. 

        (b)   In
connection with any Registration Statement in which a Holder is participating, each such Holder agrees to severally and not jointly indemnify, hold harmless and
defend, to the same extent and in the same manner as is set forth in Section 6(a), the Company, each of its directors, each of its officers who signs a Registration Statement and each Person,
if any, who controls the Company within the meaning of the 1933 Act or the 1934 Act (each, an "Indemnified Party"), against any Claim or Indemnified
Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case
to the extent, and only to the extent, (i) that such Violation occurs in reliance upon and in conformity with written information furnished to the Company by such Holder expressly for use in
connection with such Registration Statement and (ii) based on a failure of the Holder to properly deliver or to cause to be delivered the prospectus made available by the Company, including a
corrected prospectus, if such prospectus or corrected prospectus was timely made available by the Company pursuant to Section 3(d); and, subject to Section 6(c), such Holder will
reimburse any legal or other expenses reasonably incurred by an Indemnified Party in connection with investigating or defending any such Claim; provided,
however, that the indemnity agreement contained in this 

7

 

Section 6(b)
and the agreement with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the
prior written consent of such Holder, which consent shall not be unreasonably withheld or delayed; provided, further, however, that the Holder shall be
liable under this Agreement (including this Section 6(b) and Section 6(d) below) for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds actually
received by such Holder as a result of the sale of Registrable Securities pursuant to such Registration Statement. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such Indemnified Party and shall survive the transfer of the Registrable Securities by the Holders. Notwithstanding anything to the contrary contained herein, the
indemnification agreement contained in this Section 6(b) with respect to any preliminary prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement or omission
of material fact contained in the preliminary prospectus was corrected on a timely basis in the prospectus, as then amended or supplemented. 

        (c)   Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including any
governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this
Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying
party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified
Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain
its own counsel with the fees and expenses of not more than one counsel for such Indemnified Person or Indemnified Party to be paid by the indemnifying party, if, in the reasonable opinion of counsel
appointed by the Indemnified Person or the Indemnified Party, as the case may be, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be
inappropriate due to actual or potential conflict of interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. In the case of
an Indemnified Person, legal counsel referred to in the immediately preceding sentence shall be selected by the Holders holding at least a majority in interest of the Registrable Securities included
in a Registration Statement to which the Claim relates. The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of
any such action or Claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such
action or Claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect
thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior written consent, provided,
however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent of the
Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such Claim or litigation. Following indemnification as provided for hereunder, the
indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter for which
indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party
of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. 

8

 

        (d)   If
the indemnification provided for in this Section 6 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any
losses, claims, damages and/or liabilities referred to herein, the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall to the fullest extent permitted by applicable
law contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in connection with the Violation(s) that resulted in such loss, claim, damage or liability, as well as any other relevant
equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

        7.    Reports Under The 1934 Act.    

        With
a view to making available to the Holders the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or regulation of the SEC that may at any time
permit the Holders to sell securities of the Company to the public without registration ("Rule 144"), the Company agrees to: 

        (a)   make
and keep public information available, as those terms are understood and defined in Rule 144; 

        (b)   file
with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject
to such requirements and the filing and availability of such reports and other documents is required for the applicable provisions of Rule 144; and 

        (c)   furnish
to each Holder so long as such Holder owns Registrable Securities, promptly upon request, (i) a written statement by the Company, if true, that it has
complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and
documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Holders to sell such securities pursuant to Rule 144 without
registration. 

        8.    Amendment of Registration Rights.    

        Provisions
of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with
the written consent of the Company and Holders who then hold at least a majority of the Registrable Securities or in the case of a waiver, with the written consent of the party charged with the
enforcement of any such
provision. Any amendment or waiver effected in accordance with this Section 8 shall be binding upon each Holder and the Company. No such amendment shall be effective to the extent that it
applies to less than all of the holders of the Registrable Securities. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any
of this Agreement unless the same consideration also is offered to all of the parties to this Agreement. 

        9.    Miscellaneous.    

        (a)   A
Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities, provided that the rights
hereunder may only be assigned by a Seller to one transferee or assignee and shall not be further assigned by such assignee or transferee. If the Company receives conflicting instructions, notices or
elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the record owner of such
Registrable Securities. 

9

 

        (b)   All
notices and other communications hereunder shall be in writing and shall be deemed given if (i) delivered in person, (ii) transmitted by telecopy (with
confirmation), (iii) mailed by certified or registered mail (return receipt requested and obtained) or (d) delivered by an express courier (with confirmation) to the parties at the
following addresses (or at such other address for a party as shall be specified by like notice): 

If
to the Company: 

101
Gordon Drive

P.O. Box 345

Lionville, PA 19341-0645

Attention: President

Facsimile: (610) 594-3013 

With
a copy to: 

Dechert
LLP

4000 Bell Atlantic Tower

1717 Arch Street

Philadelphia, PA 19103

Attention: Christopher G. Karras

Facsimile: (215) 994-2222 

If
to Zinger: 

Mr. Freddy
Zinger

c/o Medimop Medical Projects Ltd.

4 Hayesira Street

P.O. Box 2499

Ra'anana 43000

Israel

Facsimile: (972)-9-748-5916 

With
a copy to: 

Baratz,
Horn & Co.

1 Azrieli Center, Round Tower, 18th Floor

Tel Aviv 67021, Israel

Attention: Yuval Horn, Adv.

Facsimile: (972)-3-607-3766 

If
to other Sellers: 

As
set forth in Exhibit B 

With
a copy to: 

Baratz,
Horn & Co.

1 Azrieli Center, Round Tower, 18th Floor

Tel Aviv 67021, Israel

Attention: Yuval Horn, Adv.

Facsimile: (972)-3-607-3766 

        (c)   Failure
of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate as a
waiver thereof. 

        (d)   This
Agreement, and all agreements, documents and instruments delivered pursuant hereto or incorporated herein, unless otherwise expressly provided therein, shall be
governed by, and construed in 

10

 

accordance
with, the substantive laws of the State of New York applicable to agreements made and to be performed entirely within such state, without reference to the conflicts of laws rules of such
state. Each party hereto, for itself and its successors and assigns, irrevocably agrees that any suit, action or proceeding arising out of or relating to this Agreement shall be instituted only in the
United States District Court for the Southern District of New York located in New York, New York, or in the absence of jurisdiction, the Courts of the State of New York located within the Borough of
Manhattan, City of New York, and generally and unconditionally accepts and irrevocably submits to the exclusive jurisdiction of the aforesaid courts and irrevocably agrees to be bound by any final
judgment rendered thereby from which no appeal has been taken or is available in connection with this Agreement. Each party, for itself and its successors and assigns, irrevocably waives any objection
it may have now or hereafter to the laying of the venue of any such suit, action or proceeding, including, without limitation, any objection based on the grounds of forum non conveniens, in the
aforesaid courts. Each of the parties, for itself and its successors and assigns, irrevocably agrees that all process in any such proceedings in any such court may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address set forth in Section 9(b) hereof or at such other address of which the
other parties shall have been notified in accordance with the provisions of Section 9(b) hereof, such service being hereby acknowledged by the parties to be effective and binding service in
every respect. Nothing herein shall affect the right to serve process in any other manner permitted by law. 

        (e)   This
Agreement and the instruments referenced herein and therein constitute the entire agreement among the parties hereto with respect to the subject matter hereof and
thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement and the instruments referenced herein and therein
supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof. 

        (f)    This
Agreement shall inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto. 

        (g)   This
Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement. This
Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. 

        (h)   Each
party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements,
certificates, instruments and documents, as any other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby. 

        (i)    This
Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any
provision hereof be enforced by, any other Person. 

[Signature Page Follows]

11

 

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written. 

	 	 	WEST PHARMACEUTICAL SERVICES, INC.
	

 	
 	

By:	

/s/  DONALD E. MOREL, JR.      

	 	 	 	Name:  Donald E. Morel, Jr.

Title:    Chief Executive Officer
	

 	
 	

 	

/s/  FREDDY ZINGER      
 Freddy Zinger
	

 	
 	

 	

/s/  YAACOV WEISER      
 Yaacov Weiser
	

 	
 	

 	

/s/  MOSHE BARKAN      
 Moshe Barkan

12

 
Exhibit A  

Yaacov
Weiser

10 Meoz Chaim Street

Rishon Lezion 75288

Israel 

Moshe
Barkan

3841 Rhodes Ave, Ste #100

Studio City, CA 91604 

13

 
Exhibit B  

 "Selling Stockholders" Section  

        We are registering for resale shares of our common stock held by the security holders identified below. The security holders acquired the resale shares from us
pursuant to a purchase agreement. We are registering the shares to permit the security holders and their pledgees, donees, transferees and other successors-in-interest that
receive their shares from a stockholder as a gift, partnership distribution or other non-sale related transfer after the date of this prospectus to resell the shares when and as they deem
appropriate. The following table sets forth: 

	•
	the
name of the security holders,

	•
	the
number and percent of shares of our common stock that the security holders beneficially owned prior to the offering for resale of the shares under this prospectus,

	•
	the
number of shares of our common stock that may be offered for resale for the account of the security holders under this prospectus, and

	•
	the
number and percent of shares of our common stock to be beneficially owned by the security holders after the offering of the resale shares (assuming all of the offered
resale shares are sold by the security holders). 

        The
number of shares in the column "Number of Shares Being Offered" represents all of the shares that each security holder may offer under this prospectus. We do not know how long the
security holders will hold the shares before selling them or how many shares they will sell and we currently have no agreements, arrangements or understandings with any of the security holders
regarding the sale of any of the resale shares. The shares offered by this prospectus may be offered from time to time by the security holders listed below. 

        This
table is prepared solely based on information supplied to us by the listed security holders, any Schedules 13D or 13G and Forms 3 and 4, and other public documents
filed with the SEC, and assumes the sale of all of the resale shares. The applicable percentages of beneficial ownership are based on an
aggregate of                         shares of our common stock issued and outstanding
on                        , 2005, adjusted as may be required by rules promulgated by the SEC. 

	 
	 	Shares Beneficially

Owned Prior to Offering
	 	 
	 	Shares Beneficially

Owned After Offering

	 
	 	Number of

Shares

Being

Offered

	Security Holders
 

	 	Number
	 	Percent
	 	Number
	 	Percent

	Freddy Zinger	 	 	 	 	 	 	 	 	 	 
	Yaacov Weiser	 	 	 	 	 	 	 	 	 	 
	Moshe Barkan	 	 	 	 	 	 	 	 	 	 

14

 
Exhibit C  

 "Plan of Distribution" Section  

        The common stock being offered by the Sellers, or by their pledgees, donees, distributees, transferees, or other successors in interest, will be sold in one or
more transactions by the following means of distribution (or any combination thereof): 

	•
	Block
trades (which may involve crosses) in which the broker or dealer so engaged will attempt to sell the common stock as agent but may position and resell a portion of the
block as principal to facilitate the transaction.

	•
	Purchases
by a broker or dealer as principal and resale by such broker or dealer for its account pursuant to this prospectus.

	•
	Exchange
distributions and/or secondary distributions in accordance with the rules of the NYSE.

	•
	Ordinary
brokerage transactions and transactions in which the broker solicits purchasers.

	•
	Sales
in the over-the-counter market.

	•
	Through
short sales of common stock.

	•
	Through
the writing of options on common stock.

	•
	Distributions
to beneficiaries.

	•
	Privately
negotiated transactions. 

        The
Sellers may from time to time deliver all or a portion of the shares of common stock offered hereby to cover a short sale or sales or upon the exercise, settlement or closing of a
call equivalent position or a put equivalent position. 

        The
sale price to the public may be the market price prevailing at the time of sale, a price related to the prevailing market price or at any other price as a Seller determines from time
to time. A Seller shall have the sole and absolute discretion not to accept any purchase offer or make any sale of common stock if they deem the purchase price to be unsatisfactory at any particular
time. 

        A
Seller may also sell the common stock directly to market makers acting as principals and/or broker-dealers acting as agents for themselves or their customers. Such market makers and
broker-dealers may receive compensation in the form of discounts, concessions, or commissions from a Seller and/or the purchasers of common stock for whom such broker-dealers may act as agents or to
whom they sell as principals, or both (which compensation as to a particular broker-dealer might be in excess of customary commissions). Market makers and block purchasers purchasing the common stock
will do so for their own account and at their own risk. It is possible that a Seller will attempt to sell shares of common stock in block transactions to market makers or other purchasers at a price
per share which may be below the then market price. In addition, a Seller or his successors in interest may enter into hedging transactions with broker-dealers who may engage in short sales of common
stock in the course of hedging the positions they assume with a selling stockholder. 

        A
Seller may pledge or grant a security interest in some or all of the common stock owned by them and, if they default in the performance of their secured obligations, the pledgees or
secured parties may offer and sell the common stock from time to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the
Securities Act, amending, if necessary, the list of Sellers to include the pledgee, transferee or other successors in interest as a Seller under this prospectus. A Seller also may transfer and donate
the common stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will 

15

 

be
the selling beneficial owners for purposes of this prospectus. Shares of common stock that qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather than pursuant to
this prospectus. 

        There
can be no assurance that all or any of the common stock offered hereby will be issued to, or sold by, the Sellers. 

        A
Seller and any broker-dealers that act in connection with the sale of common stock might be deemed to be "underwriters" within the meaning of Section 2(11) of the Securities Act
of 1933, as amended (the "Securities Act"), and any commissions received by such broker-dealers and any profit on the resale of the common stock sold by them while acting as principals might be deemed
to be underwriting discounts or commissions under the Securities Act. Because a Seller may be deemed to be an "underwriter" within the meaning of Section 2(11) of the Securities Act, a Seller
will be subject to the prospectus delivery requirements of the Securities Act, which may include delivery through the facilities of the NYSE pursuant to Rule 153 under the Securities Act. We
have informed a Seller that the anti-manipulative provisions of Regulation M promulgated under the Exchange Act of 1934, as amended (the "Exchange Act"), may apply to their sales in
the market. The registration of the
common stock under the Securities Act shall not be deemed an admission by a Seller or the Company that a Seller is an underwriter for purposes of the Securities Act of any common stock offered
pursuant to this prospectus. In addition, under the securities laws of some states, the shares of common stock may be sold in these states only through registered or licensed brokers or dealers. 

        Under
the Exchange Act and the regulations thereunder, any person engaged in a distribution of the shares of common stock offered by this prospectus may not simultaneously engage in
market making activities with respect to the common stock during any applicable "cooling off" periods prior to the commencement of such distribution. In addition, and without limiting the foregoing, a
Seller will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder including, without limitation, Rules 101, 102, 103 and 104, which provisions may
limit the timing of purchases and sales of common stock by a Seller. 

        We
will not receive any proceeds from the sale of the common stock offered by the Sellers. We will pay all expenses of the registration of the common stock to the Registration Rights
Agreement, estimated to be $[    ] in total, including, without limitation, Securities and Exchange Commission filing fees and expenses of compliance with state
securities or "blue sky" laws. We will indemnify the Sellers against liabilities, including some liabilities under the Securities Act, in accordance with the Registration Rights Agreement, or the
Sellers will be entitled to contribution. We will be indemnified by the Sellers against civil liabilities, including liabilities under the Securities Act, that may arise from any written information
furnished to us by the Sellers for use in this prospectus, in accordance with the related Registration Rights Agreement, or we may be entitled to contribution. 

        Once
sold under the shelf registration statement, of which this prospectus forms a part, the common stock will be freely tradable in the hands of persons other than our affiliates. 

16

QuickLinks

Exhibit 4(d)QuickLinks
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Exhibit 4.1    
    

 
 

Certificate of Designation
  (PURSUANT TO NRS 78.1955)    

Important: Read attached instructions before completing form.  

        ABOVE SPACE FOR OFFICE USE ONLY 

Certificate of Designation

For Nevada Profit Corporations

(Pursuant to NRS 78.1955)  

	

1.	
 	

Name of corporation:
	

 	
 	

AMAZING TECHNOLOGIES CORP.
	
 	

 
	

2.	
 	

By resolution of the board of directors pursuant to a provision in the articles of incorporation, this certificate establishes the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the
following class or series of stock:
	

 	
 	

1.	
 	

Pursuant to the Amended and Restated Articles of Incorporation of this Corporation dated May 6, 2005, there shall be created a series of Preferred Stock with par value of One-hundredth of a One Cent ($0.0001) per share of this Corporation consisting
of One Million (1,000,000) shares to be designated as the Series "A" Preferred Stock (Series "A" Preferred Stock), and that the holders of such shares shall have the rights, preferences and privileges and restrictions set forth in a certificate of
designation attached as Exhibit A to this resolution (the "Series "A" Certificate of Designation").
	

 	
 	

2.	
 	

The Series "A" Certificate of Designation is set forth as Exhibit "A" annexed hereto and is a true and correct copy of the rights, preferences, privileges and restrictions of the holders of the Series "A" Preferred Stock.
	

3.	
 	

Effective date of filing (optional)	
 	

(must not be later than 90 days after the certificate is filed)
	

4.	
 	

Officer Signature:	
 	

/s/ J. BRADLEY HALL

        Filing Fee: $175.00  

IMPORTANT: Failure to include any of the above information and submit the proper fees may cause this filing to be rejected.  

SUBMIT IN DUPLICATE  

This form must be accompanied by appropriate fees. See attached fee schedule.

1

 
AMAZING TECHNOLOGIES CORP.

(a Nevada corporation)  

 Exhibit "A"  

SERIES "A" CERTIFICATE OF DESIGNATION  

 Series "A" Convertible Preferred Stock  

        This designation of, the number of shares constituting, and the rights, preferences, privileges and restrictions relating to, the Series "A" Convertible Preferred
Stock are as follows: 

 
 

           1.    Designation and Number of Shares.     The designation of this series of One Million (1,000,000) shares
of Preferred Stock with a par value of One Hundredth of a Cent ($0.0001), created by the Board of
Directors of the Corporation pursuant to the authority granted to it by the Articles of Incorporation of the Corporation is "Series "A" Preferred Stock," which is hereinafter referred to as the
"Preferred Stock" or "Preferred Shares". 

 
 

           2.    Offering Price.     USD $1.00 per share (the "Original Purchase Price"). 

 
 

           3.    Conversion.     At the option of the holder, each share of Series "A" Preferred Stock will be
convertible into one share of common stock of the Company at any time, with an
initial conversion price of $1.00, adjusted proportionately for stock splits, stock dividends, recapitalizations and similar events, provided that, the conversion price of the Series "A" Preferred
Stock shall be subject to a full ratchet adjustment to prevent the dilution in the event that the Company issues any debt, equity or other securities convertible into any class of capital stock of the
Company at a price per share less than the original subscription price. 

 
 

           4.    Redemption.     At the option of the Company, each share of Series "A" Preferred Stock will be
redeemable. In order to redeem the Series "A" Preferred Stock, the Company must pay
to the holder of the then outstanding security a premium of eight percent (8%) plus any accrued and unpaid cumulative dividend for any Series "A" Preferred Stock that is still outstanding and not
converted into shares of common stock of the Company prior to the second anniversary date of the investment in the Series "A" Preferred Stock. On or after the second anniversary date of the Series "A"
Preferred Stock investment the redemption premium will be sixteen percent (16%) plus the payment of any accrued and unpaid cumulative dividend. 

 
 

           5.    Voting Rights.     The holders of the Series "A" Preferred Stock will have the right to the number of
votes equal to the number of shares of common stock issuable upon conversion of
the Series "A" Preferred Stock at the time the record for any vote is taken. Except with respect to matters which adversely affect the Series "A" Preferred Stock, as otherwise specified herein or as
required by law, the Series "A" Preferred Stock and the Common Stock shall vote together as a single class. 

 
 

           6.    Cumulative Dividend.     Dividends on the Series "A" Preferred Stock shall accrue and be paid
quarterly in arrears at the rate of ten percent (10%) per annum of the Original Purchase
Price, whether or not declared by the Company's Board of Directors. All accrued and unpaid dividends shall be payable in cash, out of funds legally available therefore, in full upon the first to occur
of: 

           i)  the
conversion of the Series "A" Preferred Stock into common shares or, 

          ii)  a
Liquidation Event (as defined below). The holders of the Series "A" Preferred Stock shall be entitled to participate on an as-converted basis in any
dividends payable on common stock. In no event will cash dividends be paid on any class of capital stock of the Company without a dividend in an equal or greater amount having been paid on the Series
"A" Preferred Stock, part passu with any future series of part passu capital stock and prior and in
preference to any declaration or payment of a dividend on any other Series of Preferred Stock or common stock of the Company. 

2

 

 
 

           7.    Liquidation Preference.     Upon any liquidation, dissolution or winding up of the Company, whether
voluntary or involuntary (a "Liquidation Event"), the holders of the Series "A" Preferred
Stock shall be entitled to receive, part passu with any future series of part passu capital stock and in
preference to any distribution to the holders of any existing common stock, an amount in cash per share equal to the Original Subscription Price (adjusted proportionately for stock splits, stock
dividends, recapitalizations and similar events and dilution as provided herein) plus accrued and unpaid dividends (the "Liquidation Preference"). 

        Unless
the holders of a majority of common stock and the holders of Series "A" Preferred Stock voting as a group determine otherwise, a sale of all or substantially all of the assets of
the Company, an exclusive license of all or substantially all of the intellectual property of the Company or an acquisition of the Company by another person or entity by means of any transaction or
series of transactions (including, without limitation, any reorganization, merger, consolidation or stock transfer) where the stockholders of the Company immediately preceding such transactions own,
following such transaction, less than fifty-one percent (51%) of the voting securities of the Company, shall constitute a Liquidation Event. 

 
 

           8.    Ranking.     The Series "A" Preferred Stock shall receive, part
passu with any future series of part
passu capital stock and in preference to the holders of common stock and any other future class of capital stock, payment in full of its Liquidation Preference upon any
Liquidation Event. 

 
 

           9.    Amendment.     The rights of the holders of Series "A" Preferred Stock described above may not be
amended or altered without the majority consent of votes held by the holders of
Series "A" Preferred Stock. 

 
 

          10.    Preemptive Rights.     All holders of the Series "A" Preferred Stock shall have the right to
participate in any subsequent equity financings of the Corporation to maintain their
percentage interest in the capital stock of the Corporation on an as-converted fully-diluted basis by purchasing a pro rata share of such additional equity at its offering price. These
preemptive rights shall not apply to shares issued: 

           i)  upon
conversion of the Series "A" Preferred Stock; 

          ii)  upon
a stock split, subdivisions, combinations, stock dividend or recapitalization; 

         iii)  to
employees, directors or consultants of the Corporation pursuant to the Stock Option Plans; or 

          iv)  in
connection with permitted business acquisitions, mergers or strategic partnerships. The holders of Series "A" Preferred Stock shall have the right of over allotment
to the extent any party fails to exercise their preemptive rights in full. 

 
 

           11.    Most Favored Investor.     If within one year after the subscription for Series "A" Preferred Shares,
the Corporation consummates any equity financing with a third party on terms more
favorable than those granted to the holders of Series "A" Preferred Stock, the Company shall take such actions as are necessary to revise the terms of the Series "A" Preferred Stock offering to
provide the same terms to the holders of Series "A" Preferred Stock. The Company will use its best efforts to enter into any amendments necessary to confer such rights to the shareholders of Series
"A" Preferred Stock. 

 
 

           12.    Registration Rights.     Following an underwritten initial public offering of the Corporation's
common stock, or any Regulation "S" registration of shares, holders of
Series "A" Preferred Stock will be entitled to "piggyback" registration rights. 

 
 

           13.    Restrictions on Transfer.     Each purchaser of Series "A" Preferred Stock in this offering may only
transfer shares pursuant to the requirements of federal and state securities laws. 

3

QuickLinks

Exhibit 4.1

Certificate of Designation (PURSUANT TO NRS 78.1955)

1. Designation and Number of Shares.

2. Offering Price.

3. Conversion.

4. Redemption.

5. Voting Rights.

6. Cumulative Dividend.

7. Liquidation Preference.

8. Ranking.

9. Amendment.

10. Preemptive Rights.

11. Most Favored Investor.

12. Registration Rights.

13. Restrictions on Transfer.

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