Document:

Exhibit 4.1

 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

Cusip
No. 847461 10 0

 

	
  NUMBER

  	
  

  	
  SHARES

  

 

Specialized Health Products International, Inc.

 

70,000,000
AUTHORIZED SHARES   S0.02 PAR
VALUE   NON-ASSESSABLE

 

This Certifies that

SAMPLE

ONLY

is the record holder of

 

shares of                               Specialized Health Products International, Inc.                  Common
Stock  transferrable
on the books of the Corporation in person or by duly authorized attorney upon
surrender of this Certificate properly endorsed. This Certificate is not valid
until countersigned by the Transfer Agent and registered by the Registrar.

 

Witness the facsimile seal of the Corporation and the facsimile
signatures of its duly authorized officers.

 

	
   

  	
  COUNTERSIGNED AND REGISTERED

  
	
   

  	
  COLONIAL STOCK TRANSFER

  
	
   

  	
  Salt Lake City, Utah

  
	
   

  	
  By

  
	
   

  	
  TRANSFER AGENT AND REGISTRAR - AUTHORIZED SIGNATURE

  

 

Dated:

 

	
   

   

   

  SECRETARY

  	
   

  	
  

  	
   

  	
   

   

   

  PRESIDENT

  

 

 

The following abbreviations, when used in the
inscription on the face of this certificate, shall be construed as though they
were written out in full according to applicable laws of regulations:

 

	
  TEN COM - as tenants in
  common

  	
  UNIF GIFT MIN ACT .

  	
  Custodian

  
	
  TEN ENT - as tenants by
  the entirelies

  	
   

  	
  [Cust]

  	
  (Minor)

  
	
  JT TEN - 

  	
  as joint tenants with
  right of

  	
   

  	
  under Uniform Gifts to Minors

  
	
   

  	
  survivorship and not as tenants

  	
   

  	
   

  
	
   

  	
  in common

  	
   

  	
  Act

  	
   

  
	
   

  	
   

  	
  (State)

  
	
   

  	
   

  
	
   

  	
  Additional abbreviations may also be used though
  not in the above list.

  
							

 

	
  For Value
  Received,                              
  hereby sell, assign and transfer unto

  

 

 

	
  PLEASE INSERT SOCIAL SECURITY OR OTHER

  
	
  IDENTIFYING NUMBER OF
  ASSIGNEE

  

 

 

(PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

 

 

Shares

 of the
capital stock represented by the within certificate, and do hereby irrevocably
constitute and appoint

 

Attorney

to transfer the said stock on the books of
the within named Corporation with full power of substitution in the premises.

 

	
  Dated

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NOTICE:

  	
  SIGNATURE MUST CORRESPOND TO THE NAME AS WRITTEN UPON THE FACE OF
  THIS CERTIFICATE IN EVERY PARTICULAR. WITHOUT ALTERATION OR ENLARGEMENT OR
  ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, BROKER OR ANY OTHER
  ELIGIBLE GUARANTOR INSTITUTION THAT IS AUTHORIZED TO DO SO UNDER THE
  SECURITIES TRANSFER AGENTS MEDALLION PROGRAM (STAMP) UNDER RULES PROMULGATED
  BY THE U S SECURITIES AND EXCHANGE COMMISSION

  
					

 

SAMPLE

ONLYExhibit 10.75

 

[Bedford Property Investors, Inc. Letterhead]

 

[FORM OF TRANSACTION
BONUS LETTER]

 

[Date]

 

[INSERT
NAME OF EMPLOYEE]

 

Dear                                     :

 

Bedford Property Investors, Inc., a Maryland
corporation (the “Company”), considers it essential to foster the
continuous employment of the key employees of the Company.  In this connection, the Board of Directors of
the Company (the “Board”) recognizes that, in view of the Company’s current
desire to merge with another corporation, the possibility of a change of
control of the Company exists and that possibility, and the uncertainty and
questions that it may raise, could result in your departure or distraction to
the detriment of the Company.  Accordingly,
on behalf of the Board, I am pleased to inform you that you have been selected
by the Board as a key employee eligible to receive the Transaction Bonus and
continued healthcare benefits described below.

 

If you are employed by the Company as of the
date of the consummation of a “Significant Transaction” (as defined below),
subject to your execution of an effective release of claims in a form
reasonably acceptable to the Company, (i) you will be entitled to receive
a Transaction Bonus in the amount of $                      
(“Transaction Bonus”); provided, however,
that, unless otherwise provided by action of the Board, the Transaction Bonus
only will be payable to you in the event that a Significant Transaction is
consummated prior to December 31, 2006. 
Any Transaction Bonus that becomes payable to you hereunder will be paid
to you in a lump sum cash payment no later than 5 days following the
consummation of a Significant Transaction.

 

In addition, if your employment with the
Company and its affiliates (determined as of the date hereof) is terminated for
any reason, other than an involuntary termination of your employment by the
Company for “Cause” (as defined below), in the 24 month period following the
consummation of a Significant Transaction, you and your covered dependents will
be eligible to continue your medical, dental and vision insurance benefits on
terms that are no less favorable in any respect to the medical, dental and
vision insurance coverage provided by the Company immediately before the
consummation of the Significant Transaction until the second anniversary of the
consummation of the Significant Transaction regardless of whether you and your
eligible dependents become eligible for coverage under a subsequent employer’s
group health insurance plan.  If the
Company has not terminated its medical, dental and vision insurance coverage in
effect as of the date immediately before the consummation of the Significant
Transaction, then in order to fulfill its obligation to provide the medical,
dental and vision benefits described in the preceding sentence, the Company may
elect to reimburse you for the full cost of the continuation premiums under the
Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and/or any
state law of similar effect for you and your eligible dependents.

 

Furthermore, notwithstanding the terms of the
immediately preceding paragraph, if you become actively employed by an entity
that acquires substantially all of the outstanding Common Stock of the Company
(an “Acquiror”) or an affiliate of an Acquiror (other than the Company and its
affiliates determined as of the date hereof) after the consummation of a
Significant Transaction and your employment subsequently is terminated for any
reason, other than an involuntary termination of your employment by such
employer for Cause or your voluntary resignation for any reason, in the 24
month period following the consummation of the Significant Transaction, then to
the extent permitted by COBRA and/or any state law of similar

 

 

effect, you and your covered
dependents will be able to continue your medical, dental and vision insurance
benefits under the health plans then offered to active employees of the
Acquiror or the applicable affiliate of the Acquiror.  The Acquiror or an afffiliate of the Acquiror
will reimburse you for the full cost of the continuation premiums under COBRA
and/or any state law of similar effect for you and your dependents until the
second anniversary of the consummation of the Significant Transaction
regardless of whether you and your eligible dependents become eligible for
coverage under a subsequent employer’s group health insurance plan.

 

As used
herein, the term “Cause” shall mean shall mean your (a) conviction or entering
a plea of guilty or no contest to a felony, (b) willful disclosure of material
trade secrets or other material confidential information related to the
business of the Company or its successors or affiliates, (c ) participation in
any fraud against the Company or its successors or affiliates, (d) willful and
continued failure to substantially perform your duties with the Company or its
successors or affiliates after a written demand for substantial performance is
delivered to you by the Company or its successors or affiliates, which demand
specifically identifies the manner in which the Company or its successors or
affiliates believes that you have not substantially performed your duties, and
which performance is not substantially corrected within ten days of receipt of
such demand.

 

As used
herein, the term “Significant Transaction” means any sale, merger,
consolidation, or any other business combination or reorganization, in one or a
series of related transactions, as a result of which any “person” or “group”
(as such terms are defined in Section 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended (the “Act”)), other than the Company or any of
its affiliates (including any employee benefit plan thereof) (i) becomes
the “beneficial owner”, directly or indirectly of 50% or more of (x) the
outstanding shares of all series of common stock of the Company (on a fully
diluted basis, including all options, warrants or other convertible securities
held by management and other investors) or (y) the combined voting power of all
classes of equity securities of the Company entitled to vote (on a fully
diluted basis, including all options, warrants or other convertible securities
held by management and other investors) or (z) of the common stock or such
equity securities of any entity which owns all or substantially all of the
assets of the Company or (ii) acquires assets representing 50% or more of
the total assets of the Company, on a consolidated basis directly or
indirectly, through a joint venture, or otherwise.

 

Unless otherwise determined by the Board, any
payments made hereunder shall not be taken into account in computing your
salary or compensation for the purposes of determining any benefits or
compensation under (i) any pension, retirement, life insurance or other
benefit plan of the Company or its successors or affiliates or (ii) any
agreement between the Company or its successors or affiliates and you.

 

The Company may withhold from the Transaction
Bonus such Federal, state or local taxes as shall be required to be withheld
pursuant to any applicable law or regulation.

 

The terms of the Transaction Bonus may not be
amended or modified other than by a written instrument executed by the
undersigned or his successors and legal representatives.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  Peter Bedford

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