Document:

Exhibit
      10.1 

    

    THE
      SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT
      BE
      SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
      FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND SUCH STATE
      LAWS AS MAY BE APPLICABLE, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
      THAT SUCH REGISTRATION IS NOT REQUIRED. ADDITIONAL RESTRICTIONS ON TRANSFER
      OF
      THE SECURITIES ARE SET FORTH IN THIS SUBSCRIPTION
      AGREEMENT.

     

    SUBSCRIPTION
      AGREEMENT

    

    THIS
      SUBSCRIPTION AGREEMENT
      (this “Agreement”),
      dated as of ____________, 2008, by and between Lifesciences Opportunities
      Incorporated, a
      Florida
      corporation, located at 8447 Wilshire Boulevard, Suite 102, Beverly Hills,
      CA
      90211 (the
      “Company”),
      and the subscriber identified on the signature pages hereto (“Subscriber”).

    

    WHEREAS,
      the
      Company has authorized the issuance and sale of a minimum amount (“Minimum
      Offering”)
      of
      8,000 units ($800,000) (the “Units”),
      with
      an over-allotment option up to an additional 2,000 Units ($200,000)
      (“Maximum
      Offering”),
      at the discretion of the Company,
      in a
      private placement offering of the Company’s securities more particularly
      described hereunder, to meet the Company’s current and future capital
      requirements (the “Offering”);
      and

    

    WHEREAS,
      the Company and the Subscriber are executing and delivering this Agreement
      in
      reliance upon an exemption from securities registration afforded by the
      provisions of Section 4(2), Section 4(6) and/or Regulation D (“Regulation
      D”)
      as promulgated by the United States Securities and Exchange Commission (the
      “Commission”)
      under the Securities Act of 1933, as amended (the “1933
      Act”).

    

    WHEREAS,
      the parties desire that, upon the terms and subject to the conditions contained
      herein, the Company shall issue and sell to the Subscriber, as provided herein,
      the number of Units set forth on the signature page hereto, with each Unit
      consisting of a convertible debenture in the principal amount of $1,000 (the
      “Debentures”)
      and one thousand (1,000) shares (the “Additional
      Shares”)
      of the Company’s common stock, par value $.0001 (“Common
      Stock”),
      which Additional Shares shall be subject to the lock-up agreement dated of
      even
      date herewith. The Debentures, the Additional Shares and the Common Stock
      issuable upon conversion of the Debentures (the “Conversion
      Shares”)
      are collectively referred to herein as the “Securities.”
      

    

    NOW,
      THEREFORE,
      in consideration of the mutual covenants and other agreements contained in
      this
      Agreement the Company and the Subscriber hereby agree as follows:

     

    1. Conditions
      to Closing.
      Subject
      to the satisfaction or waiver of the terms and conditions of this Agreement
      and
      any other documents or agreements executed in connection with the transactions
      contemplated hereunder (“Transaction
      Documents”),
      on
      the Closing Date (defined hereunder), the Subscriber shall purchase and the
      Company shall sell to the Subscriber Securities in the amount designated on
      the
      signature page hereto. The terms of the Debentures shall be as set forth in
      the
      Form of Debenture and the Registration Rights Agreement attached hereto, the
      terms of which are incorporated herein by reference. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2. Closing
      Date.
      The
“Closing
      Date”
shall
      be the day selected by the Company after the Transaction Documents have been
      executed and delivered by the Subscriber, and all conditions precedent to the
      parties’ obligations under this Agreement have been satisfied or waived,
      including the Minimum Offering amount having been reached. Until the Closing
      Date, the Subscriber’s funds will be held in a non-interest bearing escrow
      account. In the event the Minimum Offering amount has not been obtained on
      or
      before April 11, 2008 (“Termination
      Date”),
      all
      funds will be returned to the Subscriber, without interest 

    

    3. Subscriber’s
      Representations and Warranties.
      Subscriber hereby represents and warrants to and agrees with the Company
      that:

    

    (a) Organization
      and Standing of the Subscriber. If the Subscriber is an entity, such
      Subscriber is a corporation, partnership or other entity duly incorporated
      or
      organized, validly existing and in good standing under the laws of the
      jurisdiction of its incorporation or organization and has the requisite
      corporate power to own its assets and to carry on its business.

    

    (b) Authorization
      and Power. Subscriber has the requisite power and authority to enter into
      and perform this Agreement and each other Transaction Document to which
      he/she/it is a party or by which he/she/it is bound and to purchase the
      Securities being sold hereunder. This Agreement and each other Transaction
      Document to which Subscriber is a party or by which Subscriber is bound has
      been
      duly authorized, executed and delivered by Subscriber and constitutes, or shall
      constitute when executed and delivered, a valid and binding obligation of
      Subscriber enforceable against the Subscriber in accordance with the terms
      hereof and thereof, subject to bankruptcy, insolvency, fraudulent transfer,
      reorganization, moratorium and similar laws of general applicability relating
      to
      or affecting creditors’ rights generally and to general principles of
      equity.

    

    (c) No
      Conflicts. The execution, delivery and performance of this Agreement and
      each other Transaction Document to which Subscriber is a party or by which
      it is
      bound and the consummation by Subscriber of the transactions contemplated hereby
      or thereby or relating hereto do not and will not (i) conflict with, or
      constitute a default (or an event which with notice or lapse of time or both
      would become a default) under, or give to others any rights of termination,
      amendment, acceleration or cancellation of any material agreement, material
      indenture, or material instrument or material obligation to which Subscriber
      is
      a party or by which its properties or assets are bound, or result in a violation
      of any law, rule, or regulation, or any order, judgment or decree of any court
      or governmental agency applicable to Subscriber or its properties (except for
      such conflicts, defaults and violations as would not, individually or in the
      aggregate, have a material adverse effect on Subscriber). Subscriber is not
      required to obtain any consent, authorization or order of, or make any filing
      or
      registration with, any court or governmental agency in order for it to execute,
      deliver or perform any of its obligations under this Agreement and each other
      Transaction Document to which such Subscriber is a party or by which it is
      bound
      or to purchase the Units in accordance with the terms hereof, provided that
      for
      purposes of the representation made in this sentence, Subscriber is assuming
      and
      relying upon the accuracy of the relevant representations and agreements of
      the
      Company herein.

    

    (d) Information
      on Company. Subscriber has received in writing from the Company such other
      information concerning its operations, financial condition and other matters
      as
      Subscriber has requested in writing (such other information is collectively,
      the
“Other Written Information”), and considered all factors the
      Subscriber deems material in deciding on the advisability of investing in the
      Securities, including but not limited to, the Risk Factors
      contained in the Private Placement Memorandum dated March 31, 2008. Subscriber
      understands that an investment in the Securities offered hereby is highly
      speculative and involves a high degree of risk and an investment should be
      made
      only by investors who can afford the loss of their entire investment.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (e) Information
      on Subscriber.
      Subscriber is, and will be at the time of the receipt of the Conversion Shares,
      an “accredited investor”, as such term is defined in Regulation D promulgated by
      the Commission under the 1933 Act, is experienced in investments and business
      matters, has made investments of a speculative nature and has purchased
      securities of United States companies in private placements in the past and,
      with its representatives, has such knowledge and experience in financial, tax
      and other business matters as to enable Subscriber to utilize the information
      made available by the Company to evaluate the merits and risks of and to make
      an
      informed investment decision with respect to the proposed purchase, which
      represents a speculative investment. Subscriber is able to bear the risk of
      such
      investment for an indefinite period and to afford a complete loss thereof.
      The
      information set forth on the signature page hereto regarding the Subscriber
      is
      accurate.

    

    (f) Purchase
      of Units.
      Subscriber is purchasing the Units as principal for his/her/its own account
      for
      investment only and not with a view toward, or for resale in connection with,
      the public sale or any distribution thereof, but Subscriber does not agree
      to
      hold the Units for any minimum amount of time.

    

    (g) Compliance
      with Securities Act.
      Subscriber understands and agrees that the Securities have not been registered
      under the 1933 Act or any applicable state securities laws, by reason of their
      issuance in a transaction that does not require registration under the 1933
      Act
      (based in part on the accuracy of the representations and warranties of
      Subscriber contained herein), and that such Securities must be held indefinitely
      unless a subsequent disposition is registered under the 1933 Act or any
      applicable state securities laws or is exempt from such registration.
      Notwithstanding anything to the contrary contained in this Agreement, Subscriber
      may transfer (without restriction and without the need for an opinion of
      counsel) the Securities to its Affiliates (as defined below) provided that
      each
      such Affiliate is an “accredited investor” under Regulation D and such Affiliate
      agrees to be bound by the terms and conditions of this Agreement and each other
      Transaction Document to which Subscriber is a party or by which it is bound.
      For
      the purposes of this Agreement, an
      “Affiliate”
means
      any Person (as such term is defined below) that, directly or indirectly through
      one or more intermediaries, controls or is controlled by or is under common
      control with a Person, as such terms are used in and construed under Rule 144
      under the 1933 Act. With respect to Subscriber, any investment fund or managed
      account that is managed on a discretionary basis by the same investment manager
      as such Subscriber will be deemed to be an Affiliate of such Subscriber.
Affiliate,
      when employed in connection with the Company, includes each Subsidiary of the
      Company (if any). A
      “Person”
means
      any individual or corporation, partnership, trust, incorporated or
      unincorporated association, joint venture, limited liability company, joint
      stock company, government (or an agency or subdivision of any thereof) or other
      entity of any kind.

     

    (h) Legend.
      The Additional Shares shall bear the following or similar legend:

     

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED. THESE SECURITIES MAY NOT BE SOLD, OFFERED
      FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT UNDER SUCH SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAW
      OR AN
      OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
      IS NOT REQUIRED.”

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (i) Debenture
      Legend.
      The Debenture shall bear the following or similar legend:

     

    “NEITHER
      THIS DEBENTURE NOR THE COMMONS STOCK INTO WHICH THIS DEBENTURE IS EXERCISABLE
      HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
      SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND, ACCORDINGLY,
      MAY
      NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
      UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN
      A
      TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
      ACT
      AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL
      OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH
      SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.”

    

    (j) Communication
      of Offer.
      Subscriber
      is not purchasing the Units as a result of any advertisement, article, notice
      or
      other communication regarding the Securities published in any newspaper,
      magazine or similar media or broadcast over television or radio or presented
      at
      any seminar or any other general solicitation or general
      advertisement.

    

    (k) No
      Governmental Review.
      Subscriber understands that no United States federal or state agency or any
      other governmental or state agency has passed on or made recommendations or
      endorsement of the Securities or the suitability of the investment in the
      Securities nor have such authorities passed upon or endorsed the merits of
      the
      offering of the Securities.

    

    (l) Correctness
      of Representations.
      Subscriber represents that the foregoing representations and warranties are
      true
      and correct in all material respects as of the date hereof and, unless
      Subscriber otherwise notifies the Company prior to the Closing Date, shall
      be
      true and correct as of the Closing Date.

    

    (m) Survival.
      The foregoing representations and warranties shall survive the Closing Date
      until five (5) years after the Closing Date.

     

    4. Company
      Representations and Warranties.
      The Company represents and warrants to and agrees with Subscriber that except
      as
      set forth in the Other Written Information and as otherwise qualified in the
      Transaction Documents:

    

    (a) Due
      Organization.
      The Company is a corporation duly organized, validly existing and in good
      standing under the laws of the jurisdiction of its organization and has the
      requisite power and authority to own its properties and to carry on its business
      as presently conducted. 

    

    (b) Due
      Authorization; Enforceability. This Agreement and each other Transaction
      Document to which the Company is a party or by which it is bound have been
      duly
      authorized, executed and delivered by the Company and are valid and binding
      agreements enforceable in accordance with their terms, subject to bankruptcy,
      insolvency, fraudulent transfer, reorganization, moratorium and similar laws
      of
      general applicability relating to or affecting creditors’ rights generally and
      to general principles of equity. The Company has full limited liability company
      power and authority necessary to enter into and deliver the Transaction
      Documents and to perform its obligations thereunder.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (c) Consents.
      No consent, approval, authorization or order of any court, governmental agency
      or body or arbitrator having jurisdiction over the Company, or any of its
      Affiliates, nor the Company’s members is required for the execution by the
      Company of the Transaction Documents and compliance and performance by the
      Company of its obligations under the Transaction Documents, including, without
      limitation, the issuance and sale of the Securities, other than such consents,
      approvals and authorizations as shall have been received by the Company as
      of
      the Closing Date.

     

    (d) The
      Securities.
      The Securities upon issuance:

     

    (i) are,
      or will be, free and clear of any security interests, liens, claims or other
      encumbrances, subject to restrictions upon transfer under the 1933 Act and
      any
      applicable state securities laws;

     

    (ii) have
      been, or will be, duly and validly authorized and on the date of issuance of
      the
      Additional Shares and Conversion Shares, will be duly and validly issued, fully
      paid and nonassessable;

     

    (iii) will
      not have been issued or sold in violation of any preemptive or other similar
      rights of the holders of any securities of the Company;

     

    (iv) will
      have been issued in reliance upon an exemption from the registration
      requirements of (unless they have been previously registered pursuant to the
      Registration Rights Agreement of even date herewith) and, assuming the
      representations and warranties of each of the Subscribers herein are true and
      accurate, will have been issued in compliance with Section 4 under the 1933
      Act.

     

    (e) Compliance
      with Laws.
      The
      Company is not in violation of, default under, or conflict with, any applicable
      order, consent, approval, authorization, registration, declaration, filing,
      judgment, injunction, award, decree or writ of any governmental body or court
      of
      competent jurisdiction or any applicable law, except for any such violations
      that would not, individually or in the aggregate, have a material adverse effect
      on the Company taken as a whole.

     

    (f) Litigation.
      There
      are no judicial, governmental, administrative or arbitral actions, claims,
      suits
      or proceedings or investigations pending or, to the knowledge of the Borrower,
      threatened against or involving the Borrower or any of its respective property
      or assets. There are no outstanding orders, judgments, injunctions, awards
      or
      decrees of any court, governmental or regulatory body or arbitration tribunal
      against or involving the Borrower.

     

    5. Regulation
      D Offering.
      The offer and issuance of the Securities to the Subscriber is being made
      pursuant to the exemption from the registration provisions of the 1933 Act
      afforded by Section 4(2) or Section 4(6) of the 1933 Act and/or Rule 506 of
      Regulation D promulgated thereunder.

    

    6. Covenants
      of the Company and Subscriber Regarding Indemnification.

     

    (a) The
      Company agrees to indemnify, hold harmless, reimburse and defend Subscriber,
      Subscriber’s officers, directors, agents, Affiliates, control persons, and
      principal shareholders, against any claim, cost, expense, liability, obligation,
      loss or damage (including reasonable legal fees) of any nature, incurred by
      or
      imposed upon the Subscriber or any such person which results, arises out of
      or
      is based upon (i) any material misrepresentation by Company or material breach
      of any warranty by Company in this Agreement or in any Exhibits or Schedules
      attached hereto, or other agreement delivered pursuant hereto; or (ii) after
      any
      applicable notice and/or cure periods, any material breach or default in
      performance by the Company of any covenant or undertaking to be performed by
      the
      Company hereunder, or any other agreement entered into by the Company and
      Subscriber relating hereto.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b) Subscriber
      agrees to indemnify, hold harmless, reimburse and defend the Company and each
      of
      the Company’s officers, directors, agents, Affiliates, control persons against
      any claim, cost, expense, liability, obligation, loss or damage (including
      reasonable legal fees) of any nature, incurred by or imposed upon the Company
      or
      its successor or any such person which results, arises out of or is based upon
      any material misrepresentation by such Subscriber in this Agreement or in any
      Exhibits or Schedules attached hereto, or other agreement delivered pursuant
      hereto.

     

    7. Registration
      Rights.
      The Subscriber will be entitled to such registration rights with respect to
      the
      Conversion Shares and Additional Shares as set forth in the Registration Rights
      Agreement attached hereto.

     

    8. Miscellaneous.

     

    (a) Notices.
      All notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be the address of Company set forth in the Preamble of
      this
      Agreement and the address of the Subscriber set forth on such Subscriber’s
      signature page hereto.

     

    (b) Entire
      Agreement; Assignment.
      This Agreement and other Transaction Documents represent the entire agreement
      between the parties hereto with respect to the subject matter hereof and may
      be
      amended only by a writing executed by both parties. Neither the Company nor
      the
      Subscribers have relied on any representations not contained or referred to
      in
      this Agreement and the documents delivered herewith. No right or obligation
      of
      the Company shall be assigned without prior notice to and the written consent
      of
      the Subscribers and the Company. 

     

     

    (c) Counterparts/Execution.
      This Agreement may be executed in any number of counterparts and by the
      different signatories hereto on separate counterparts, each of which, when
      so
      executed, shall be deemed an original, but all such counterparts shall
      constitute but one and the same instrument. This Agreement may be executed
      by
      facsimile signature and delivered by facsimile transmission.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (d) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of the
      State of Florida without regard to conflicts of laws principles that would
      result in the application of the substantive laws of another jurisdiction.
      Any
      action brought by either party against the other concerning the transactions
      contemplated by this Agreement shall be brought only in the civil or state
      courts of Florida or in the federal courts located in Florida. The
      parties and the individuals executing this Agreement and other agreements
      referred to herein or delivered in connection herewith 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 other party its
      reasonable attorney’s fees and costs. In the event that any provision of this
      Agreement or any other agreement delivered in connection herewith 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 any
      agreement.

     

    (e) Amendment
      and Waivers.
      Any
      term or provision of this Agreement or any Transaction Document may be amended,
      and the observance of any term of this Agreement or any Transaction Document
      may
      be waived (either generally or in a particular instance and either retroactively
      or prospectively) by a writing signed by the Company with the consent of the
      Subscriber, and such waiver or amendment, as the case may be, shall be binding
      upon the Subscriber. The waiver by a party of any breach hereof or default
      in
      the performance hereof shall not be deemed to constitute a waiver of any other
      default or any succeeding breach or default. No amendment shall be effected
      to
      impact a Subscriber in a disproportionately adverse fashion without the consent
      of such individual Subscriber.

     

     

    (f) Specific
      Enforcement, Consent to Jurisdiction.
      To the extent permitted by law, the Company and Subscriber acknowledge and
      agree
      that irreparable damage would occur in the event that any of the provisions
      of
      this Agreement were not performed in accordance with their specific terms or
      were otherwise breached. It is accordingly agreed that the parties shall not
      be
      entitled to injunctive relief to prevent or cure breaches of the provisions
      of
      this Agreement or the transactions contemplated thereby. Subject to Section
      8(d)
      hereof, each of the Company, Subscriber and any signatory hereto in his personal
      capacity hereby waives, and agrees not to assert in any such suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      such court, that the suit, action or proceeding is brought in an inconvenient
      forum or that the venue of the suit, action or proceeding is improper. Nothing
      in this Section shall affect or limit any right to serve process in any other
      manner permitted by law.

     

    (g) Intentionally
      Omitted.
      

     

    (h) Equal
      Treatment.
      No
      consideration shall be offered or paid to any person to amend or consent to
      a
      waiver or modification of any provision of the Transaction Documents unless
      the
      same consideration is also offered and paid to all the parties to the
      Transaction Documents.

     

     

    [Signature
      Pages Follow]

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    SIGNATURE
      PAGE TO SUBSCRIPTION AGREEMENT 

     

     

    IN
      WITNESS WHEREOF, the undersigned parties have executed this Subscription
      Agreement as of the date first above written.

     

     

    
      	COMPANY:	 	 
	 	 	 
	 	
              Lifesciences
                Opportunities Incorporated

              a
                Florida corporation

            
	 
 	 
 	 
 
	 	By:  	 
	 	Name:	
              
James
              Morel
	 	Title:	Chief Executive
              Officer

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    OMNIBUS
      SUBSCRIBER SIGNATURE PAGE TO

     

    SUBSCRIPTION
      AGREEMENT

     

    The
      undersigned hereby executes and delivers the Subscription Agreement to which
      this signature page is attached, which, together with all counterparts of the
      Agreement and signature pages of the other parties named in said Agreement,
      shall constitute one and the same document in accordance with the terms of
      the
      Agreement.

    
       

      
        	 	Print Name:	 
	 
 	 
By:	
                
 
 
	 	Name:	
                
 
	 	Title:	
                
 
	 	Address:	
                
 
	 	
              	
                
 
	 	Telephone:	
                
 
	 	Facsimile:	
                
 
	 	SSN/EIN#:	
                
 
	 	 	
                
 

      

    

       

    
      	Number of Units Purchased:	 
	Aggregate Purchase Price:
              	
              
$
	 	
              
 

    

     

    
      
         

      

      
        9Exhibit
      10.2

     

    REGISTRATION
      RIGHTS AGREEMENT

     

    This
      Registration Rights Agreement (this “Agreement”)
      is
      made and entered into as of ______________, 2008, by and between Lifesciences
      Opportunities Incorporated, a Florida corporation (the “Company”),
      and
      the undersigned investor (the “Investor”).

     

    Preliminary
      Statements

     

    The
      Investor has purchased Units, as defined in the Subscription Agreement of even
      date herewith, (the “Units”)
      of the
      Company. The Units were purchased pursuant to that certain subscription
      agreement entered into between the Investor and the Company (the “Subscription
      Agreement”).
      The
      Company has agreed to grant the Investor certain registration rights in
      accordance with the terms of this Agreement. Therefore, in consideration of
      the
      mutual promises and covenants set forth herein, the parties agree as follows:
      

     

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

     

    “Additional
      Shares”
means
      the one thousand (1,000) shares of Common Stock issued as part of each
      Unit.

     

    “Commission”
means
      the Securities and Exchange Commission. 

     

    “Common
      Stock”
      means
      the common stock, par value $0.0001 of the Company.

     

    “Debenture”
means
      a
      convertible debenture of the Company, each with a principal amount of one
      thousand dollars ($1,000). 

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and any successor statute.
      

     

    “Filing
      Date”
      means,
      with respect to the Registration Statement required to be filed to cover the
      resale by the Holders of the Registrable Securities, forty-five (45) days from
      the date of closing of the Offering (as that term is defined in the Subscription
      Agreement). 

     

    “Holder”
or
      “Holders”
means
      the Investor or Investors or any of their affiliates or transferees to the
      extent any of them hold Registrable Securities. 

     

    “Indemnified
      Party”
shall
      have the meaning set forth in Section 5(b). 

     

    “Indemnifying
      Party”
shall
      have the meaning set forth in Section 5(b). 

     

    “Proceeding”
means
      an action, claim, suit, investigation or proceeding (including, without
      limitation, an investigation or partial proceeding, such as a deposition),
      whether commenced or threatened. 

     

    “Prospectus”
means
      the prospectus included in the Registration Statement (including, without
      limitation, a prospectus that includes any information previously omitted from
      a
      prospectus filed as part of an effective registration statement in reliance
      upon
      Rule 430A promulgated under the Securities Act), as amended or supplemented
      by
      any prospectus supplement, with respect to the terms of the offering of any
      portion of the Registrable Securities covered by the Registration Statement,
      and
      all other amendments and supplements to the Prospectus, including post-effective
      amendments, and all material incorporated by reference or deemed to be
      incorporated by reference in such Prospectus. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Registrable
      Securities”
means
      the Additional Shares and the shares of Common Stock purchased through
      conversion of the Debentures, or other securities of the Company or any other
      issuer or issuable in respect of such shares of Common Stock (because of stock
      splits, stock dividends, reclassifications, recapitalizations, mergers,
      combinations or similar events, if applicable); provided, however, that the
      shares of Common Stock which are Registrable Securities shall cease to be
      Registrable Securities upon any sale or transfer of such shares pursuant to
      a
      Registration Statement, Section 4(1) of the Securities Act, Rule 144 under
      the
      Securities Act or otherwise. 

     

    “Registration
      Statement”
means
      a
      registration statement filed by the Company with the Commission on any
      registration form prescribed by the Commission permitting a secondary offering
      or distribution, other than on Form S-4, Form S-8 or similar forms.

     

    “Rule
      144”
means
      Rule 144 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule. 

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, and any successor statute. 

     

    “Trading
      Market”
means
      any of the Pink Sheets LLC electronic quotation service, NASD OTC Bulletin
      Board, NASDAQ Global Select Market, NASDAQ Global Market, NASDAQ Capital Market,
      American Stock Exchange or the New York Stock Exchange.

     

    “Unit”
means
      one Debenture in the principal amount of one thousand dollars ($1,000) and
      one
      thousand (1,000) Additional Shares of Common Stock.

     

    2. Registration.
      

     

    (a)
      On
      or
      prior to the Filing Date, the Company shall prepare and file with the Commission
      a Registration Statement covering the resale of all Registrable Securities
      for
      an offering to be made on a continuous basis pursuant to Rule 415. The
      Registration Statement shall be on Form SB-2 (except if the Company is eligible
      to register for resale the Registrable Securities on Form S-3 in the future,
      the
      Company shall file a post effective amendment to the registration statement
      on
      Form S-3 covering the Registrable Securities and shall use its commercially
      reasonable efforts to cause such Registration Statement to be declared effective
      as promptly as practicable thereafter). 

     

    (b)
      The
      Company shall use its reasonable best efforts to cause the Registration
      Statement to be declared effective by the Commission as soon as practicable
      (including filing with the Commission a request for acceleration of
      effectiveness in accordance with Rule 461 promulgated under the Securities
      Act
      within five (5) Business Days after the date that the Company is notified
      (orally or in writing, whichever is earlier) by the Commission that a
      Registration Statement will not be “reviewed,” or not be subject to further
      review and the effectiveness of the Registration Statement may be accelerated)
      and shall use its commercially reasonable efforts to keep the Registration
      Statement continuously effective under the Securities Act until the earlier
      of:
      (i) the date that all Registrable Securities covered by the Registration
      Statement have been sold or may be sold by non-affiliates without volume
      restrictions pursuant to Rule 144(k) as determined by the counsel to the Company
      pursuant to a written opinion letter to such effect, addressed and acceptable
      to
      the Company's transfer agent and the affected Holders and (ii) the date which
      is
      the second anniversary of the date in which the Registration Statement was
      declared effective by the Commission (the “Effectiveness
      Period”).
      Such
      Registration Statement shall also cover, to the extent allowable under the
      Securities Act and the rules promulgated thereunder (including Rule 416), such
      indeterminate number of additional shares of Common Stock resulting from stock
      splits, stock dividends or similar transactions with respect to the Registrable
      Securities. It is agreed and understood that the Company shall, from time to
      time, be obligated to file an additional Registration Statement to cover any
      Registrable Securities which are not registered for resale pursuant to a
      pre-existing Registration Statement. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (c)
      If:
      (i)
      the Registration Statement is not filed on or prior to the Filing Date, or
      (ii)
      if such Registration Statement has not been declared effective by the Commission
      within ninety (90) days of the Filing Date, or (iii) after its Effective Date
      such Registration Statement ceases for any reason to be effective and available
      to the Holders as to all Registrable Securities to which it is required to
      cover
      at any time prior to the expiration of its Effectiveness Period for more than
      20
      consecutive Trading Days or an aggregate of 50 Trading Days (which need not
      be
      consecutive)(any such failure or breach being referred to as an “Event,”
      and for
      purposes of clause (i) the date on which such Event occurs, or for purposes
      of
      clause (ii) the date which such 20 consecutive or 50 Trading Day period (as
      applicable) is exceeded, being referred to as “Event
      Date”),
      then
      in addition to any other rights available to the Holders: on such Event Date
      the
      Company shall pay to each Holder an amount in cash, as partial liquidated
      damages and not as a penalty, equal to two percent (2%) of the aggregate
      Subscription Amount paid by such Holder pursuant to the Purchase Agreement
      (which remedy shall not be exclusive of any other remedies available under
      this
      Agreement). 

     

    (d)
      Each
      Holder shall furnish to the Company a completed Questionnaire in the form as
      provided by the Company (a “Selling
      Holder Questionnaire”).
      The
      Company shall not be required to include the Registrable Securities of a Holder
      in a Registration Statement and shall not be required to pay any liquidated
      or
      other damages under Section 2(c) to any Holder who fails to furnish to the
      Company a fully completed Selling Holder Questionnaire at least ten Trading
      Days
      prior to the Filing Date. 

     

    3. Registration
      Procedures.
      When
      the Company proposes to effect the registration of any of the Registrable
      Securities under the Securities Act, the Company shall: 

     

    (a)
      furnish
      to the Investor such number of copies of the Registration Statement and the
      Prospectus included therein (including each preliminary Prospectus) as the
      Investor reasonably may request to facilitate the public sale or disposition
      of
      the Registrable Securities covered by the Registration Statement;

     

    (b)
      use
      its
      commercially reasonable efforts to register or qualify the Investor’s
      Registrable Securities covered by the Registration Statement under the
      securities or “blue sky” laws of such jurisdictions within the United States as
      the Investor may reasonably request, provided, however, that the Company shall
      not for any such purpose be required to qualify generally to transact business
      as a foreign Entity in any jurisdiction where it is not so qualified or to
      consent to general service of process in any such jurisdiction; and

     

    (c)
      list
      the
      Registrable Securities covered by the Registration Statement with any Trading
      Market on which the Common Stock of the Company is then listed. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    4. Registration
      Expenses.
      All
      expenses relating to the Company’s compliance with Sections 2 and 3 hereof,
      including, without limitation, all registration and filing fees, printing
      expenses, fees and disbursements of counsel and independent public accountants
      for the Company, fees and expenses (including reasonable counsel fees) incurred
      in connection with complying with state securities or “blue sky” laws, fees of
      the NASD, transfer taxes, fees of transfer agents and registrars are called
      “Registration Expenses”. All selling commissions applicable to the sale of
      Registrable Securities, including any fees and disbursements of any counsel
      to
      the Holders, are called “Selling Expenses” and shall be the responsibility of
      the Investors. The Company shall only be responsible for all Registration
      Expenses.

     

    5. Indemnification.

     

    (a)
      In
      the
      event of a registration of the Registrable Securities, the Holder (subject
      to
      the provisions of Section 5(b)) will indemnify and hold harmless the Company,
      and its officers, directors and each other person, if any, who controls the
      Company within the meaning of the Securities Act, against all losses, claims,
      damages or liabilities, joint or several, to which the Company or such persons
      may become subject under the Securities Act, the Exchange Act or otherwise,
      insofar as such losses, claims, damages or liabilities (or actions in respect
      thereof) arise out of or are based upon: (i) any untrue statement or
      alleged untrue statement of any material fact which was furnished in writing
      by
      the Holder to the Company expressly for use in (and such information is
      contained in) the Registration Statement under which such Registrable Securities
      were registered under the Securities Act pursuant to this Agreement, any
      preliminary Prospectus or final Prospectus contained therein, or any amendment
      or supplement thereof, or arise out of or are based upon the omission or alleged
      omission to state therein a material fact required to be stated therein or
      necessary to make the statements therein not misleading, and will reimburse
      the
      Company and each such person for any reasonable legal or other expenses incurred
      by them in connection with investigating or defending any such loss, claim,
      damage, liability or action, provided, however, that such Holder will be liable
      in any such case if and only to the extent that any such loss, claim, damage
      or
      liability arises out of or is based upon said Holder’s untrue statement or
      alleged untrue statement or omission or alleged omission so made in conformity
      with information furnished in writing to the Company by or on behalf of said
      Holder specifically for use in any such document, or (ii) in connection
      with a Holder’s sale of Registrable Securities, including without limitation
      alleged violations of Regulation M. Notwithstanding the provisions of this
      paragraph, no Holder shall be required to indemnify any person or entity in
      excess of the amount of the aggregate net proceeds received by said Holder
      in
      respect of Registrable Securities in connection with any such registration
      under
      the Securities Act.

     

    (b)
      Promptly
      after receipt by a party entitled to claim indemnification hereunder (an
“Indemnified Party”) of notice of the commencement of any action, such
      Indemnified Party shall, if a claim for indemnification in respect thereof
      is to
      be made against a party hereto obligated to indemnify such Indemnified Party
      (an
“Indemnifying Party”), notify the Indemnifying Party in writing thereof, but the
      omission so to notify the Indemnifying Party shall not relieve it from any
      liability which it may have to such Indemnified Party other than under this
      Section 5(b) and shall only relieve it from any liability which it may have
      to
      such Indemnified Party under this Section 5(b) if and to the extent the
      Indemnifying Party is prejudiced by such omission. In case any such action
      shall
      be brought against any Indemnified Party and it shall notify the Indemnifying
      Party of the commencement thereof, the Indemnifying Party shall be entitled
      to
      participate in and, to the extent it shall wish, to assume and undertake the
      defense thereof with counsel reasonably satisfactory to such Indemnified Party,
      and, after notice from the Indemnifying Party to such Indemnified Party of
      its
      election so to assume and undertake the defense thereof, the Indemnifying Party
      shall not be liable to such Indemnified Party under this Section 5(b) for any
      legal expenses subsequently incurred by such Indemnified Party in connection
      with the defense thereof; if the Indemnified Party retains its own counsel,
      then
      the Indemnified Party shall pay all fees, costs and expenses of such counsel,
      provided, however, that, if the defendants in any such action include both
      the
      Indemnified Party and the Indemnifying Party and if counsel shall have
      reasonably concluded that there may be reasonable defenses available to the
      Indemnified Party which are different from or additional to those available
      to
      the Indemnifying Party or if the interests of the Indemnified Party reasonably
      may be deemed to conflict with the interests of the Indemnifying Party in either
      case which would prohibit such counsel from representing both parties under
      applicable conflicts of interest rules of professional ethics, the Indemnified
      Party shall have the right to select one separate counsel and to assume such
      legal defenses and otherwise to participate in the defense of such action,
      with
      the reasonable expenses and fees of such separate counsel and other expenses
      related to such participation to be reimbursed by the Indemnifying Party as
      incurred. Neither party shall settle any proceeding for which indemnification
      is
      sought without the written consent of the other party, which shall not be
      unreasonably withheld. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (c)
      Notwithstanding
      any provision of this Agreement to the contrary, each Holder shall be treated
      individually and separately from all other Holders under this Section 5, and
      will not become the subject of any obligation under this Section 5 as a result
      of any action, failure to act, statement, omission, or otherwise of any other
      Holder hereunder.

     

    6. Miscellaneous.

     

    (a)
      Remedies.
      In the
      event of a breach by the Company or by a Holder, of any of their respective
      obligations under this Agreement, each Holder or the Company, as the case may
      be, in addition to being entitled to exercise all rights granted by law and
      under this Agreement, including recovery of damages, will be entitled to
      specific performance of its rights under this Agreement. 

     

    (b)
      Compliance.
      The
      Investor covenants and agrees that it (i) will comply with the prospectus
      delivery requirements of the Securities Act as applicable to it in connection
      with sales of Registrable Securities pursuant to the Registration Statement
      and
      (ii) promptly furnish to the Company all information required to be disclosed
      in
      the Registration Statement and Prospectus concerning the Investor (including
      information in order to make the information previously furnished to the Company
      by such Investor not misleading) and any other information regarding such
      Investor and the distribution of such Registrable Securities as the Company
      may
      from time to time reasonably request.

     

    (c)
      Discontinued
      Disposition.
      The
      Holder agrees by its acquisition of such Registrable Securities that, upon
      receipt of a notice from the Company of the occurrence of a Discontinuation
      Event (as defined below), it will forthwith discontinue disposition of such
      Registrable Securities under the applicable Registration Statement until such
      Holder’s receipt of the copies of the supplemented Prospectus and/or amended
      Registration Statement or until it is advised in writing (the “Advice”) by the
      Company that the use of the applicable Prospectus may be resumed, and, in either
      case, has received copies of any additional or supplemental filings that are
      incorporated or deemed to be incorporated by reference in such Prospectus or
      Registration Statement. The Company may provide appropriate stop orders to
      enforce the provisions of this paragraph. For purposes of this Section 6(c),
      a
“Discontinuation Event” shall mean (i) when the Commission notifies the Company
      whether there will be a “review” of such Registration Statement and whenever the
      Commission comments in writing on such Registration Statement (the Company
      shall
      provide true and complete copies thereof and all written responses thereto
      to
      each of the Holders); (ii) any request by the Commission or any other Federal
      or
      state governmental authority for amendments or supplements to such Registration
      Statement or Prospectus or for additional information; (iii) the issuance by
      the
      Commission of any stop order suspending the effectiveness of such Registration
      Statement covering any or all of the Registrable Securities or the initiation
      of
      any Proceedings for that purpose; (iv) the receipt by the Company of any
      notification with respect to the suspension of the qualification or exemption
      from qualification of any of the Registrable Securities for sale in any
      jurisdiction, or the initiation or threatening of any Proceeding for such
      purpose; (v) the occurrence of any event or passage of time that makes the
      financial statements included in such Registration Statement ineligible for
      inclusion therein or any statement made in such Registration Statement or
      Prospectus or any document incorporated or deemed to be incorporated therein
      by
      reference untrue in any material respect or that requires any revisions to
      such
      Registration Statement, Prospectus or other documents so that, in the case
      of
      such Registration Statement or Prospectus, as the case may be, it will not
      contain any untrue statement of a material fact or omit to state any material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not misleading; and/or
      (vi) the occurrence or existence of any pending corporate development that,
      in the reasonable discretion of the Board of Directors of the Company, makes
      it
      appropriate to suspend the availability of the Registration Statement and the
      related Prospectus.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d)
      Amendments
      and Waivers.
      The
      provisions of this Agreement, including the provisions of this sentence, may
      not
      be amended, modified or supplemented, and waivers or consents to departures
      from
      the provisions hereof may not be given, unless the same shall be in writing
      and
      signed by the Company and the Holders of a majority of the then outstanding
      Registrable Securities. Notwithstanding the foregoing, a waiver or consent
      to
      depart from the provisions hereof with respect to a matter that relates
      exclusively to the rights of certain Holders and that does not directly or
      indirectly affect the rights of other Holders may be given by Holders of at
      least a majority of the Registrable Securities to which such waiver or consent
      relates; provided, however, that the provisions of this sentence may not be
      amended, modified, or supplemented except in accordance with the provisions
      of
      the immediately preceding sentence.

     

    7. Notices.
      All
      notices and other communications required or permitted hereunder shall be in
      writing and shall be deemed to have been duly given one (1) business day after
      delivery to an overnight carrier with instructions to deliver to the applicable
      address set forth below, or, if sent by facsimile, upon receipt of a
      confirmation of delivery: 

     

    8. Registered
      Holder: To
      his or
      her last known address as indicated on the Company’s books and
      records.

     

    
      	9.
              The Company:	
              Lifesciences
                Opportunities Incorporated

            

    

    8447
      Wilshire Blvd., Suite 102

    Beverly
      Hills CA 90211

    Facsimile
      No.: (323) 653-8288

    Attention: James
      Morel, CEO

     

    If
      to any
      other Person who is then
      the
      registered Holder:    To
      the
      address of such Holder as it appears in the stock transfer books of the
      Company

     

    10. Successors
      and Assigns.
      This
      Agreement shall inure to the benefit of and be binding upon the successors
      and
      permitted assigns of each of the parties and shall inure to the benefit of
      and
      be binding upon the Holders. Except as it relates to assignments to affiliates
      of the Company, the Company may not assign its rights or obligations hereunder
      without the prior written consent of each Holder. Each Holder may assign their
      respective rights hereunder in the manner and to the Persons as permitted under
      the Warrants and the Certificate of Designation of the Shares with the prior
      written consent of the Company. No person shall have the rights of the Holder
      hereunder unless they have executed a joinder to the Agreement in a form
      reasonably acceptable to the Company. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    11. Execution
      in Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same Agreement. In the event that any signature
      is
      delivered by facsimile transmission, such signature shall create a valid binding
      obligation of the party executing (or on whose behalf such signature is
      executed) the same with the same force and effect as if such facsimile signature
      were the original thereof.

     

    12. Governing
      Law.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by and construed and enforced in accordance
      with the internal laws of the State of Florida, without regard to the principles
      of conflicts of law thereof. Each party agrees that all proceedings concerning
      the interpretations, enforcement and defense of the transactions contemplated
      by
      this Agreement (whether brought against a party hereto or its respective
      affiliates, directors, officers, shareholders, employees or agents) shall be
      commenced exclusively in the state and federal courts sitting in the State
      of
      Florida, Broward County. Each party hereto hereby irrevocably submits to the
      exclusive jurisdiction of the state and federal courts sitting in the State
      of
      Florida for the adjudication of any dispute hereunder or in connection herewith
      or with any transaction contemplated hereby or discussed herein, and hereby
      irrevocably waives, and agrees not to assert in any proceeding, any claim that
      it is not personally subject to the jurisdiction of any such court, that such
      proceeding is improper. Each party hereto hereby irrevocably waives personal
      service of process and consents to process being served in any such proceeding
      by mailing a copy thereof via registered or certified mail or overnight delivery
      (with evidence of delivery) to such party at the address in effect for notices
      to it under this Agreement and agrees that such service shall constitute good
      and sufficient service of process and notice thereof. Nothing contained herein
      shall be deemed to limit in any way any right to serve process in any manner
      permitted by law. The parties hereto hereby irrevocably waive, to the fullest
      extent permitted by applicable law, any and all right to trial by jury in any
      legal proceeding arising out of or relating to this Agreement or the
      transactions contemplated hereby. If any party shall commence a proceeding
      to
      enforce any provisions of this Agreement, then the prevailing party in such
      proceeding shall be reimbursed by the other party for its reasonable attorney’s
      fees and other costs and expenses incurred with the investigation, preparation
      and prosecution of such proceeding.

     

    13. Remedies.
      The
      remedies provided herein are cumulative and not exclusive of any remedies
      provided by law.

     

    14. Severability.
      If any
      term, provision, covenant or restriction of this Agreement is held by a court
      of
      competent jurisdiction to be invalid, illegal, void or unenforceable, the
      remainder of the terms, provisions, covenants and restrictions set forth herein
      shall remain in full force and effect and shall in no way be affected, impaired
      or invalidated, and the parties hereto shall use their reasonable efforts to
      find and employ an alternative means to achieve the same or substantially the
      same result as that contemplated by such term, provision, covenant or
      restriction. It is hereby stipulated and declared to be the intention of the
      parties that they would have executed the remaining terms, provisions, covenants
      and restrictions without including any of such that may be hereafter declared
      invalid, illegal, void or unenforceable.

     

    15. Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    [REGISTRATION
      RIGHTS AGREEMENT SIGNATURE PAGE]

     

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

     

    
      	
              Lifesciences
                Opportunities Incorporated:

            	 	
              Investor:

            
	 	 	 	 	 
	By:	 	 	By:	 
	Name:	
              

            	 	Name:	
              

            
	 	 	 	 	 
	Its: 	 	 	Address:	 

    

     

     

    
      
        
        

      

      
        8

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