Document:

EXHIBIT 4.1

 

COMMON SHARES

 

RGL
RIGEL PHARMACEUTICALS, INC.

 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

 

CUSIP 766559 60 3

 

SEE REVERSE FOR CERTAIN DEFINITIONS
 
This Certifies that                                                                                                         is the record holder of
 
FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK,
PAR VALUE $0.001 PER SHARE, OF
RIGEL PHARMACEUTICALS, INC.

 

Transferable only on the books of the Corporation by the holder hereof in person or by duly authorized Attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.

 

In Witness Whereof, the Corporation has caused this Certificate to be executed and attested to by the manual or facsimile signatures of its duly authorized officers, under a facsimile of its corporate seal to be affixed hereto.
 
Dated:
 
VICE PRESIDENT,
CHIEF FINANCIAL OFFICER AND SECRETARY
CHAIRMAN OF THE BOARD AND
CHIEF EXECUTIVE OFFICER

 

Countersigned and Registered:
Wells Fargo Bank Minnesota, N.A.,
Transfer Agent
and Registrar

 

By:
Authorized Officer

 

 

RIGEL PHARMACEUTICALS, INC.

 

Upon request the Corporation will furnish any holder of shares of Common Stock of the Corporation, without charge, with a full statement of the powers, designations, preferences, and relative, participating, optional or other special rights of any class or series of capital stock of the Corporation, and the qualifications, limitations or restrictions of such preferences and/or rights.
 
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 or regulations:

 

	TEN COM
	N
	as tenants in common

	TEN ENT
	N
	as tenants by the entireties

	JT TEN
	N
	as joint tenants with right of

	 
	 
	survivorship and not as tenants

	 
	 
	in common

 

	 
	UNIF GIFT MIN ACT
	N
	 
	Custodian
	 

	 
	 
	(Cust)
	 
	(Minor)
	 

	 
	 
	under Uniform Gifts to Minors
	 
	 

	 
	 
	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 Common 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

 

In presence of
X
X

 

NOTICE
THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER.

 

Signature(s) Guaranteed

 

 

By
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO SEC RULE 17Ad-15.

 

2Exhibit 4.1

                               SERVICES AGREEMENT

         THIS SERVICES AGREEMENT, dated as of April 1, 2003 (the "Agreement"),
by and between I-Teleco.com, Inc., a Florida Corporation (the "Company"), and
Robert Schechter, an individual residing in the State of New York (the
"Consultant") (individually, a "Party", collectively, the "Parties").

                                    RECITALS

         WHEREAS, Consultant has provided and shall provide certain legal and
other strategic, structuring, and other general corporate consulting services
("Services") including but not limited to review and preparation of Form 10KSB,
10-Q-SB, Forms 3 and 13Ds, 14-Cs, 8Ks for transactions not involving mergers or
change in control, and availability to respond to general business law questions
as requested by the Company.

         WHEREAS, in connection with and in consideration for such Services, the
Company has agreed to compensate Consultant in shares of common stock in lieu of
cash payment.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, the Parties agree as follows:

         1       TERM.

         This Agreement is terminable at will. This means this Agreement may be
terminated with or without cause and without any notice by either party hereto.

         2.      COMPENSATION.

         2.1      In consideration of the Services, the Company agrees to
compensate the Consultant with 1,000,000 shares (the "Shares") of common stock
of the Company.

         2.2      The Company shall forthwith cause the issuance of the Shares
to be registered under the Securities Act of 1933 as amended by filing a Form
S-8 Registration Statement covering the Shares. Consultant shall take any action
reasonably requested by the Company in connection with registration or
qualification of the Shares under federal or state securities laws

         2.3      In addition to the foregoing, the Company shall reimburse the
Consultant for such reasonable business expenses which the Consultant incurs
solely in connection with the performance of the Services hereunder. The
Consultant shall obtain the prior written approval of the Company before
incurring any expenses for which the Consultant will seek reimbursement from the
Company. The Consultant must submit receipts for all expenses and otherwise
comply with all of the Company's general policies for expense reimbursement in
order to receive payment therefor. The Company shall reimburse the Consultant
for expenses within fifteen (15) days following submission of all required
documentation.

         2.4      It is  expressly understood and agreed that in connection with
the Services to be performed by the Consultant, the Consultant shall be solely
responsible for any and all taxes arising from the consulting fees paid to the
Consultant hereinafter.

         3.       CONFIDENTIALITY.

         3.1      The Consultant shall not disclose any non-public information
obtained by the Consultant from the Company including, without limitation,
information relating to this Agreement. The provisions of this Section shall not
apply to information generally known to the public or the trade, information
available in trade or other publications and information available without
breaching the provisions of this Agreement.

         3.2      This Section shall survive the expiration or termination of
this Agreement.

         4.       REPRESENTATIONS AND WARRANTIES.

         4.1      The Consultant hereby represents and warrants to the Company
that:

         4.1.1     he has full legal capacity to enter into this Agreement and
to provide the Services hereunder without violation or conflict with any other
agreement or instrument to which the Consultant is a party or may be bound;

         4.1.2    in the course of performing the services hereunder, the
Consultant will not infringe the patent, trademark or copyright (collectively,
"Intellectual Property") of any third party;

         4.1.3    the execution, delivery and performance of this Agreement does
not and will not conflict with, violate or breach its constituent documents or
any agreement (including, without limitation, any other distribution agreement),
decree, order or judgment or any law or regulation to which it is a party or
subject or by which it or any of its properties or assets is bound.

         5.       RELATIONSHIP OF THE PARTIES.

         The Consultant shall be an independent contractor and the Consultant
shall not be considered in any manner an employee of the Company and the
relationship of the Company and the Consultant shall not in any manner create an
employer-employee relationship between the parties. It is hereby disclosed that
the Consultant is currently employed as General Counsel to Atlas Capital
Services, LLC a registered broker dealer and member of the NASD, which is owned
indirectly by Michael D. Farkas, the indirect majority shareholder of the
Company.

         6.       NO WAIVER.

         The failure of any of the parties hereto to enforce any provision
hereof on any occasion shall not be deemed to be a waiver of any preceding or
succeeding breach of such provision or of any other provision.

         7.       ENTIRE AGREEMENT.

         This Agreement constitutes the entire Agreement and understanding of
the parties hereto.

         8.       AMENDMENTS.

         No amendment, modification or waiver of any provision herein shall be
effective unless in writing, executed by each of the parties hereto.

         9.       GOVERNING LAW; JURISDICTION.

         This Agreement shall be construed, interpreted and enforced in
accordance with and shall be governed by the laws of the State of New York
applicable to agreements made and to be performed entirely therein. In the event
that either Party hereto shall take legal action to enforce any of the
provisions of this Agreement, the Parties agree that the exclusive jurisdiction
for such legal action shall be the state courts of New York or the federal
courts residing in the State of New York.

         10.      BINDING EFFECT.

         This Agreement shall bind and inure to the benefit of the Parties,
their successors and assigns.

         11.      NOTICES.

         Any notice under the provisions of this Agreement shall be deemed given
when received and shall be given by hand, reputable overnight courier service or
by registered or certified mail, return receipt requested, directed to the
addresses set forth above, unless notice of a new address has been sent pursuant
to the terms of this section.

         12.      Unenforceability; Severability.

         If any provision of this Agreement is found to be void or unenforceable
by a court of competent jurisdiction, the remaining provisions of this Agreement
shall, nevertheless, be binding upon the Parties with the same force and effect
as though the unenforceable part had been severed and deleted.

         13.      Counterparts.

         This Agreement may be executed in one or more counterparts, all of
which shall be deemed to be duplicate originals.

         14.      BLEED-OUT. 

         Consultant agrees that during the period from the date hereof until
December 1, 2003 (the "Lock-Up Period"), Consultant shall not (except as
permitted below), without the prior written consent of the Company, directly or
indirectly, offer, issue, sell, contract to sell (including, without limitation,
any short sale), grant any option for the sale of, pledge, or otherwise dispose
of or transfer ("Transfer") more than 36,000 shares of common stock in any
one-day period; provided, however, the foregoing restrictions shall not apply to
(i) dispositions by gift, will or by the laws of descent and distribution, or
otherwise to the Consultant's parents, siblings, spouse, children, or
grandchildren, (ii) a trust for the benefit of the Consultant's parents,
siblings, spouse, children, or grandchildren, (iii) a partnership, the general
partner of which is the Consultant or the Consultant's parents, siblings,
spouse, children, or grandchildren, or a corporation or limited liability
company, a majority of whose outstanding equity securities is owned of record or
beneficially by the Consultant or by any of the foregoing; provided that, in
each case, such transferee agrees in writing to be bound by the terms hereof.

         IN WITNESS WHEREOF, the Parties hereto have executed this instrument as
of the date first above written.

                                           I-TELECO.COM, INC.

                                           By: /s/ Jamee Kalimi
                                           Name:   Jamee Kalimi
                                           Title:  President

                                           CONSULTANT

                                           By: /s/ Robert Schechter

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