Document:

THIS NOTE AND ANY SECURITIES ISSUABLE UPON THE CONVERSION OF THIS NOTE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
THE SECURITIES LAWS OF ANY STATE. THIS NOTE AND ANY SECURITIES ISSUABLE UPON THE
CONVERSION  HEREOF  MAY  NOT  BE  TRANSFERRED  OR  OTHERWISE  DISPOSED OF EXCEPT
PURSUANT  TO  AN  EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE
STATE  SECURITIES  LAWS  OR  PURSUANT  TO  AN  APPLICABLE  EXEMPTION  FROM  THE
REGISTRATION  REQUIREMENTS OF SUCH ACT AND SUCH LAWS.  CERTIFICATES REPRESENTING
ANY  SECURITIES  ISSUABLE  UPON  CONVERSION  OF THIS NOTE SHALL BEAR A LEGEND TO
SIMILAR  EFFECT  AS  THE  FOREGOING.

                           ---------------------------
                                DERMISONICS, INC.
                           ---------------------------

                   NON-NEGOTIABLE CONVERTIBLE PROMISSORY NOTE

$25,000.00                                                     November 16, 2004

     FOR  VALUE  RECEIVED,  the  undersigned,  DERMISONICS,  INC.,  a  Nevada
corporation  (the "Payor" or the "Company"), promises to pay KENNETH HOVDEN (the
"Holder"),  the  principal  sum  of  $25,000.00  and interest on the outstanding
principal  balance  as  set  forth  herein.

1.   INTEREST  RATE;  PAYMENT.

     (a)  The  outstanding  principal  balance  of  this  Convertible Promissory
Note  (this  "Note") shall bear interest at a rate equal to 8.0% per annum, with
interest accruing from the date hereof.  Interest shall be computed on the basis
of a 365-day year and the actual number of days elapsed, and, subject to Section
4,  shall  be  payable  only  upon  repayment  of  the  principal  in  cash.

     (b)  The  outstanding  balance  of  any amount owed under this Note that is
not  paid  when  due  shall  bear  interest  at  the rate of 2.0% per annum (the
"Default  Interest") above the rate that would otherwise be in effect under this
Note  with  the  Default  Interest  accruing,  from and including such due date.

     (c)  The  outstanding  principal  and all accrued and unpaid interest shall
be paid in full on November 30, 2005 (the "Maturity Date") unless converted into
the  securities  of  the  Company  pursuant  to Section 4 or prepaid pursuant to
Section  1(d)  prior to the Maturity Date.  On a Repayment Date, the Payor shall
pay  the  applicable  amount  of  principal  and interest in lawful money of the
United States of America by

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wire or bank transfer of immediately available funds to an account designated by
the  Holder  in  writing  from  time  to  time.

     (d)  This Note may be pre-paid at any time without penalty.

2.   ASSIGNMENT.  This  Note  may  not  be  assigned,  transferred  or otherwise
negotiated.

3.   EVENTS  OF  DEFAULT;  RIGHTS  OF  HOLDER  UPON  DEFAULT.

     (a)  An "Event of Default" shall occur if:

          (i)     the  Payor shall default in the payment of the principal of or
interest  payable  on  this  Note,  when  and  as  the same shall become due and
payable,  whether  at  maturity or by acceleration or otherwise and such default
shall  continue  unremedied  for  20  days;

          (ii)     the  Payor  shall  fail to observe or perform any covenant or
agreement  contained  in  this  Note,  and  such  failure shall continue for ten
business  days  after  the  Payor  receives  written  notice  of  such  failure;

          (iii)     any  representation,  warranty,  certification  or statement
made by or on behalf of the Payor in this Note or in any certificate, writing or
other  document  delivered pursuant hereto shall prove to have been incorrect in
any  material  respect  when  made;

          (iv)     an  involuntary  proceeding  shall  be  commenced  or  an
involuntary petition shall be filed in a court of competent jurisdiction seeking
(A)  relief  in  respect  of  the  Payor or of a substantial part of the Payor's
respective  property or assets, under Title 11 of the United States Code, as now
constituted  or  hereafter  amended,  or  any other Federal or state bankruptcy,
insolvency,  receivership or similar law (any such law, a "Bankruptcy Law"), (B)
the  appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar  official  for a substantial part of the property or assets of any the ,
(C)  the winding up or liquidation of the Payor; and such proceeding or petition
shall  continue  undismissed  for  60  days,  or an order or decree approving or
ordering  any  of  the  foregoing  shall  be  entered;

          (v)     the  Payor  shall  (A)  voluntarily commence any proceeding or
file  any  petition  seeking  relief  under a Bankruptcy Law, (B) consent to the
institution  of  or  the  entry  of  an  order for relief against it, or fail to
contest  in a timely and appropriate manner, any proceeding or the filing of any
petition described in clause (d), (C) apply for or consent to the appointment of
a  receiver,  trustee,  custodian, sequestrator, conservator or similar official
for  a  substantial  part  of  the  property or assets of the Payor, (D) file an
answer  admitting  the  material  allegations  of  a  petition  filed against it

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in  any  such  proceeding,  (E)  make  a  general  assignment for the benefit of
creditors,  (F)  become unable, admit in writing its inability or fail generally
to  pay  its  debts as they become due or (G) take any action for the purpose of
effecting  any  of  the  foregoing.

     (b)  Upon  the  occurrence  of  an Event of Default and the continuation of
any  such  Event  of  Default  for a period of thirty days after the delivery of
written  notice  to  the  undersigned  setting  forth such Event of Default, the
unpaid  balance  of the principal and any interest accrued thereon shall, at the
option  of  the  holder  hereof,  at once become due and payable.  The notice of
default  shall  be  deemed  to  be  delivered  if  personally  delivered  to the
undersigned  or  if  sent  by  United States certified or registered mail to the
undersigned  at the address set forth or at the last address furnished by it for
such  purpose.

4.   CONVERSION  OF  THIS  NOTE.

     (a)  Conversion.  This  Note  shall  be  convertible  at  any  time  by the
Holder upon 10 days notice to the Payor into (i) shares ("Conversion Shares") of
the Company's common stock, par value $0.01 per share ("Common Stock"), and (ii)
a  one-year  warrant  to purchase shares of Common Stock at a price of $2.00 per
share  ("Warrant,"  which,  together  with  the  Conversion Shares are sometimes
herein  referred to as the "Conversion Securities"), at the Note Conversion Rate
(as  defined  below).  In the event of any conversion of the principal amount of
this  Note  into  Common  Stock,  all interest accrued hereon shall be forgiven.
This  Note  shall not be converted in the event that the Securities and Exchange
Commission shall have issued a stop trade order with respect to the Common Stock
or  the  Common Stock is suspended from trading on the Over-the-Counter Bulletin
Board (the "Principal Market") for five consecutive trading days or five trading
days  during  a  period of 10 consecutive trading days, excluding in all cases a
suspension  of  all  trading  on  a  Principal  Market, at any time prior to the
automatic  conversion.

     (b)  Note  Conversion  Rate;  Conversion  Price.  Upon  conversion  of this
Note  as  specified  in  Section  4(a),  above,  the Holder shall be entitled to
receive  (i) a number of Conversion Shares which shall be calculated by dividing
the  principal  amount by $1.23 (the "Note Conversion Rate"), and (ii) a Warrant
entitling  the  Holder to purchase a number of shares of Common Stock calculated
by  dividing the number of Conversion Shares issuable under this Section 4(b) by
two.  The  Note  Conversion  Rate is subject to adjustment when the Common Stock
has exceeded an average daily trading volume of 30,000 shares for a period of 10
consecutive  days on the Principal Market (the "Reset Event") into the number of
shares of Common Stock equal to 60% of the five-day average closing price of the
Common  Stock  prior  to  the  Reset  Event.

     (c)  Mechanics  of  Conversion.  Upon notice of conversion from the Holder,
this Note shall be converted into Conversion Securities; provided, however, that
the

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Company shall not be obligated to issue a certificate or certificates evidencing
the  Conversion  Securities unless the original of this Note is delivered to the
Company,  or  the  Holder  notifies the Company in writing that such original of
this  Note  has  been  lost,  stolen  or  destroyed,  and the Holder executes an
agreement  satisfactory  to  the  Company  to, among other things, indemnify the
Company  from  any loss incurred by the Company in connection with such original
of  this  Note.  Upon  surrender by the Holder to the Company of the original of
this  Note  at the office of the Company, there shall be issued and delivered to
the  Holder  promptly  at  such  office and in the Holder's name as shown on the
original  of  this Note, a certificate or certificates for the applicable number
of  Conversion  Securities  on  the  date  on which such automatic conversion is
deemed  to  have  occurred.

     (d)  Conversion Calculations; No Fractional Shares. Conversion calculations
pursuant to this Section 4 shall be rounded to the nearest whole share of Common
Stock,  and no fractional shares or warrants to issue fractional shares shall be
issuable  by  the  Company upon conversion of this Note. Conversion of this Note
shall  be  deemed  payment in full of this Note and this Note shall thereupon be
cancelled.

     (e)  Legend.  As  promptly  as  practicable  after conversion of this Note,
Company  shall  issue  and deliver to the Holder a certificate for the number of
full  shares  of  Common  Stock and Warrants issuable upon such conversion.  The
Company  will  place  on  each  certificate evidencing the Conversion Shares and
Warrants  the  following  legend:

     THE  SECURITIES  REPRESENTED  HEREBY  HAVE  NOT  BEEN  REGISTERED UNDER THE
     SECURITIES  ACT  OF  1933,  AS  AMENDED  ("ACT"),  OR  ANY APPLICABLE STATE
     SECURITIES  LAWS ("BLUE SKY LAWS"). ANY TRANSFER OF SUCH SECURITIES WILL BE
     INVALID  UNLESS  A  REGISTRATION  STATEMENT UNDER THE ACT OR AS REQUIRED BY
     BLUE SKY LAWS IS IN EFFECT AS TO SUCH TRANSFER OR IN THE OPINION OF COUNSEL
     SATISFACTORY  TO  THE COMPANY SUCH REGISTRATION IS UNNECESSARY IN ORDER FOR
     SUCH  TRANSFER  TO  COMPLY  WITH  THE  ACT  OR  BLUE  SKY  LAWS.

     (f)  Reservation  of  Shares.  The  Payor  shall reserve and keep available
solely  for  issuance  upon the conversion of this Note such number of shares of
Common Stock as will from time to time be sufficient to permit the conversion of
this  Note  and the exercise of the Warrants, and, if applicable, shall take all
action  to  increase  the  authorized number of shares of Common Stock if at any
time  there shall be insufficient authorized but unissued shares of Common Stock
to permit such reservation or permit the conversion of this Note and exercise of
the  Warrants.  The  Payor covenants that all Conversion Shares that shall be so
issued  shall  be duly authorized, validly issued, fully paid and non-assessable
by  the  Payor,  not  subject to any preemptive rights, and free from any taxes,
liens  and  charges  with  respect  to  the  issue  thereof. The Payor will take

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all  such  action  as may be necessary to ensure that all such Conversion Shares
and  Warrants  may  be  so  issued  without  violation  of any applicable law or
regulation,  or any requirement of any national securities exchange or quotation
system  upon  which  the  Common  Stock  may  be  listed.

5.   REPRESENTATIONS  AND  WARRANTIES OF THE COMPANY. The Company represents and
warrants  to  the  Holder  as  follows:

     (a)  The  execution  and  delivery  by  the  Company  of  this Note (i) are
within  the  Company's  corporate  power  and authority, and (ii) have been duly
authorized  by  all  necessary  corporate  action.

     (b)  This  Note is a legally binding obligation of the Company, enforceable
against  the  Company  in accordance with the terms hereof, except to the extent
that  (i)  such  enforceability  is  limited  by  bankruptcy,  insolvency,
reorganization,  moratorium or other laws relating to or affecting generally the
enforcement  of  creditors'  rights  and  (ii) the availability of the remedy of
specific  performance  or  in injunctive or other equitable relief is subject to
the  discretion  of  the  court  before  which  any  proceeding therefore may be
brought.

6.   REPRESENTATIONS,  WARRANTIES AND COVENANTS OF HOLDER. The Holder represents
and warrants to the Company, and agrees, as follows:

     (a)  This  Note  and  any Conversion Securities issuable upon conversion of
this  Note  are  being acquired by the Holder for his own account for investment
and  not  with  a  view  to,  or  for  sale in connection with, any distribution
thereof.

     (b)  The  Holder  is  an  "accredited  investor" within the meaning of Rule
501  under  the  Securities  Act.

     (c)  The  Holder  has  sufficient knowledge and experience in financial and
business  matters  and  is  capable  of  evaluating  the risks and merits of the
Holder's  investment  in  the  Company;  the Holder believes that the Holder has
received  or  had  access  to  all information the Holder considers necessary or
appropriate  to  make an informed investment decision with respect to this Note;
and  the Holder is able financially to bear the risk of losing the Holder's full
investment  in  this  Note.

     (d)  The  Holder  understands  that  this  Note  is  non-negotiable and not
assignable.  The  Holder  understands  that  neither  this  Note, the Conversion
Shares  nor  the  Warrants have been nor will be registered under the Securities
Act  or  registered  or  qualified under any the securities laws of any state or
other  jurisdiction,  are  "restricted  securities,"  and  cannot  be  resold or
otherwise  transferred  unless they are registered under the Securities Act, and
registered  or  qualified  under  any  other  applicable  securities laws, or an
exemption  from  such registration and qualification is available.

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Prior  to any proposed transfer of any Conversion Shares or Warrants, the Holder
shall,  among  other things, give written notice to the Company of its intention
to effect such transfer, identifying the transferee and describing the manner of
the  proposed  transfer  and,  if  requested  by the Company, accompanied by (i)
investment representations by the transferee similar to those made by the Holder
in  this Section 6 and (ii) an opinion of counsel satisfactory to the Company to
the effect that the proposed transfer may be affected without registration under
the  Securities  Act  and without registration or qualification under applicable
state  or  other securities laws. Each certificate for any Conversion Shares and
Warrants  shall  bear  a  legend  to  the  foregoing  effect.

7.   NO  VOTING  OR  DIVIDEND RIGHTS; LIMITATION OF LIABILITY. Nothing contained
in  this  Note shall be construed as conferring upon the Holder hereof the right
to  vote  or  to consent or to receive notice as a shareholder of the Company or
any other matters or any rights whatsoever as a shareholder of the Company prior
to  the  conversion  of this Note as provided in Section 4, above.  No dividends
shall  be payable or accrued in respect of this Note or the interest represented
hereby  or  the shares purchasable hereunder until, and only to the extent that,
the  conversion  right  of  this  Note  shall  have  been  exercised.

8.   WAIVERS.  The  Payor  waives  notices  of presentment, demand, protest, and
notices  of  every other kind that relate to this Note.  No delay or omission on
the  part of the Holder in exercising any right under this Note shall operate as
a  waiver  of  such  right  or  of any other right of such Holder, nor shall any
delay,  omission,  or  waiver  on any one occasion be deemed to bar or waive the
same  right  or  any  other  right  on  any  future  occasion.

9.   USURY.  In  no  event  shall  any  interest charged, collected, or reserved
under  this  Note exceed the maximum rate then permitted by applicable law, and,
if any such payment is paid by the Payor, then such excess sum shall be credited
by  the  Holder  as  a  payment  of  principal.

10.  COSTS  OF  ENFORCEMENT.  The  Payor  agrees  to  pay on demand all costs of
collection,  including  reasonable  attorneys'  fees  and  costs,  actually  and
reasonably  incurred  by  the  Holder  in enforcing the obligations of the Payor
under  this  Note.

11.  EXCLUSION,  MODIFICATION,  AND  AMENDMENT.  No  term  or  provision of this
Note  may be excluded, modified, or amended, except by a written instrument duly
executed  on behalf of the Payor and the Holder, and any such written instrument
shall expressly refer to this Note and shall set forth with specificity the term
or  provision  to  be  excluded,  modified,  or  amended.

12.  NOTICES.  Any  notice, request or other communication required or permitted
hereunder  shall  be  in  writing to the respective addresses of the parties set
forth above or at such other address as the parties shall have furnished to each
other  in  writing,  and

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shall  be  deemed  to  have  been  duly  given  (i)  upon  receipt if personally
delivered,  (ii)  three days after being mailed by registered or certified mail,
postage  prepaid,  or  (iii)  one  day  after being sent by recognized overnight
courier.

13.  BUSINESS  DAY.  Notwithstanding  anything  to  the  contrary herein, if any
payment  of  principal  or  interest is due on a day that is not a Business Day,
payment  shall be made on the next succeeding Business Day, with the same effect
as if made on the day such payment was due, and no interest shall accrue thereon
for the period after such date.  A "Business Day" shall mean any day that is not
a Saturday, Sunday or day on which banking institutions in the State of New York
are  authorized or obligated by applicable law, regulation or executive order to
close.

14.  SEVERANCE.  Any  provision of this Note that is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of  such  prohibition  or  unenforceability  without  invalidating the remaining
provisions  hereof,  and  any  such  prohibition  or  unenforceability  in  any
jurisdiction  shall not invalidate or render unenforceable such provision in any
other  jurisdiction.

15.  GOVERNING  LAW;  VENUE.  All  rights  and  obligations  hereunder  shall be
governed  by  the  laws  of  the  State of Nevada. Each party hereby irrevocably
submits  to  the  non-exclusive  jurisdiction  of  the  state and federal courts
sitting  in  Clark  County,  Nevada  (the "Courts"), 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  suit, action or proceeding, any claim that it is not personally
subject  to  the  jurisdiction  of  any  such  court,  that such suit, action or
proceeding  is  improper.  Each party hereby irrevocably waives personal service
of  process  and  consents  to  process being served in any such suit, action or
proceeding  by mailing a copy thereof 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.

16.  ENTIRE  AGREEMENT.  This  Note  contains  the  entire agreement between the
Company and the Holder with respect to the subject matter hereof, and supersedes
every  course  of  dealing,  other  conduct  or oral agreement or representation
previously  made by the Holder. No change in this Note shall be effective unless
made  in  a  writing  duly  executed  by  the  Holder  and  the  Company.

     IN  WITNESS  WHEREOF,  the Company has caused this Note to be signed on the
date  first  set  forth  above.

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THE COMPANY:

DERMISONICS, INC.

By:
   --------------------------------
   Bruce H. Haglund, Chairman

As to Section 6 and 15:

THE HOLDER:

------------------------------------
KENNETH HOVDEN

                                     Page 8
<PAGE>NEITHER  THIS  WARRANT  NOR  THE  SECURITIES  INTO  WHICH  THIS  WARRANT 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 (THE "SECURITIES
ACT"),  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  THE  REGISTRATION  REQUIREMENTS  THEREUNDER  AND  IN
COMPLIANCE  WITH  APPLICABLE  STATE  SECURITIES  OR  BLUE  SKY  LAWS.

                            ------------------------

                                DERMISONICS, INC.

                            ------------------------

                          COMMON STOCK PURCHASE WARRANT

Dated:  November 16, 2004

     DERMISONICS,  INC.,  a corporation organized and existing under the laws of
the  State of Nevada (the "Company"), hereby certifies that, for value received,
KENNETH HOVDEN or his registered assigns (the "Holder"), is entitled, subject to
the  terms set forth below, to purchase from the Company up to a total of 10,163
shares  of  Common Stock, $0.01 par value per share (the "Common Stock"), of the
Company  (each  such  share, a "Warrant Share" and all such shares, the "Warrant
Shares")  at an exercise price equal to $2.00 per Warrant Share, at any time and
from  time  to  time  from  and  after the date hereof and through and including
November  30,  2005  (the "Expiration Date"), and subject to the following terms
and  conditions:

     1.   Registration  of  Warrant.  The  Company  shall register this Warrant,
          -------------------------
upon  records  to  be  maintained  by the Company for that purpose (the "Warrant
Register"),  in  the  name  of  the record Holder hereof from time to time.  The
Company may deem and treat the registered Holder of this Warrant as the absolute
owner  hereof  for the purpose of any exercise hereof or any distribution to the
Holder,  and  for  all  other purposes, and the Company shall not be affected by
notice  to  the  contrary.

     1.  Registration  of  Transfers  and  Exchanges.
         -------------------------------------------

          (a)  The  Company  shall  register the transfer of any portion of this
Warrant  in  the Warrant Register, upon surrender of this Warrant, with the Form
of  Assignment  attached hereto duly completed and signed, to the Company at its
address  for  notice specified in Section 10 along with an opinion of counsel to
the  Holder  reasonably acceptable to the Company that such transfer may be made
without  compliance  with

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     Federal  and state securities laws. Upon any such registration or transfer,
a  new  warrant  to  purchase  Common  Stock,  in substantially the form of this
Warrant  (any such new warrant, a "New Warrant"), evidencing the portion of this
Warrant  so  transferred  shall  be  issued  to the transferee and a New Warrant
evidencing  the  remaining  portion  of this Warrant not so transferred, if any,
shall be issued to the transferring Holder. The acceptance of the New Warrant by
the  transferee thereof shall be deemed the acceptance of such transferee of all
of  the  rights  and  obligations  of  a  holder  of  a  Warrant.

          (b)  This  Warrant  is  exchangeable, upon the surrender hereof by the
Holder  to  the  office  of  the  Company at its address for notice specified in
Section  10  for one or more New Warrants, evidencing in the aggregate the right
to  purchase the number of Warrant Shares which may then be purchased hereunder.
Any  such  New  Warrant  will  be  dated  the  date  of  such  exchange.

     2.   Duration,  Exercise  and  Redemption  of  Warrants.
          --------------------------------------------------

          (a)  This  Warrant  shall  be  exercisable by the registered Holder on
any business day before 5:00 P.M., New York City time, at any time and from time
to  time  on  or after the date hereof to and including the Expiration Date.  At
5:00  P.M.,  New  York  City  time  on  the Expiration Date, the portion of this
Warrant  not  exercised  prior thereto shall be and become void and of no value.
This Warrant shall be redeemable by the Company as provided in Section 4, below.

          (b)  Subject  to  Sections  2(b)  and  6,  upon  surrender  of  this
Warrant,  with  the  Form of Election to Purchase attached hereto duly completed
and signed, to the Company at its address for notice set forth in Section 10 and
upon  payment  of  the Exercise Price multiplied by the number of Warrant Shares
that  the  Holder  intends  to purchase hereunder, in lawful money of the United
States of America, in cash or by certified or official bank check or checks, all
as  specified  by  the  Holder  in the Form of Election to Purchase, the Company
shall promptly (but in no event later than three business days after the Date of
Exercise  (as  defined  herein))  issue  or  cause  to be issued and cause to be
delivered  to  or upon the written order of the Holder and in such name or names
as  the Holder may designate, a certificate for the Warrant Shares issuable upon
such exercise.  Any person so designated by the Holder to receive Warrant Shares
shall  be  deemed to have become a holder of record of such Warrant Shares as of
the  Date  of  Exercise of this Warrant.  A "Date of Exercise" means the date on
which  the  Company shall have received (i) this Warrant (or any New Warrant, as
applicable),  with the Form of Election to Purchase attached hereto (or attached
to  such  New Warrant) appropriately completed and duly signed, and (ii) payment
of  the  Exercise  Price  for  the  number of Warrant Shares so indicated by the
holder  hereof  to  be  purchased.

          (c)  This  Warrant  shall  be  exercisable, either in its entirety or,
from  time to time, for a portion of the number of Warrant Shares.  If less than
all  of  the  Warrant  Shares  which  may  be  purchased  under this Warrant are
exercised  at  any  time,  the Company shall

                                     Page 2
<PAGE>
     issue  or  cause to be issued, at its expense, a New Warrant evidencing the
right  to  purchase the remaining number of Warrant Shares for which no exercise
has  been  evidenced  by  this  Warrant.

     3.   Redemption  of  Warrant.  The  Warrants  may  be  redeemed  by  the
          -----------------------
Company at any time on 30 day's written notice to the Holder at the last address
therefor  as  it  shall appear upon the Warrant Register at a price of $0.01 per
Warrant  commencing  immediately  after  the Registration Date provided that the
average  closing  bid  price  per  share of Common Stock for the 30 trading days
ending  five  days prior to the date of the redemption notice of the Warrants is
at  least  $4.00  per  share.

     4.   Payment  of  Taxes.  The  Company  will  pay  all  documentary  stamp
          ------------------
taxes  attributable  to the issuance of Warrant Shares upon the exercise of this
Warrant;  provided,  however,  that the Company shall not be required to pay any
tax which may be payable in respect of any transfer involved in the registration
of  any certificates for Warrant Shares or Warrants in a name other than that of
the Holder, and the Company shall not be required to issue or cause to be issued
or  deliver  or cause to be delivered the certificates for Warrant Shares unless
or  until  the person or persons requesting the issuance thereof shall have paid
to  the  Company  the  amount  of  such  tax  or  shall  have established to the
satisfaction  of  the  Company  that such tax has been paid. The Holder shall be
responsible for all other tax liability that may arise as a result of holding or
transferring  this  Warrant  or  receiving  Warrant Shares upon exercise hereof.

     5.   Replacement  of  Warrant.  If  this Warrant is mutilated, lost, stolen
          -----------------------
or  destroyed,  the  Company  shall  issue or cause to be issued in exchange and
substitution  for  and  upon cancellation hereof, or in lieu of and substitution
for  this  Warrant,  a New Warrant, but only upon receipt of evidence reasonably
satisfactory to the Company of such loss, theft or destruction and indemnity, if
reasonably  satisfactory  to  it.  Applicants  for  a  New  Warrant  under  such
circumstances  shall  also  comply  with  such  other reasonable regulations and
procedures  and  pay such other reasonable charges as the Company may prescribe.

     6.   Reservation  of  Warrant  Shares.  The  Company covenants that it will
          -------------------------------
at  all  times reserve and keep available out of the aggregate of its authorized
but  unissued  Common  Stock,  solely  for  the  purpose of enabling it to issue
Warrant  Shares  upon exercise of this Warrant as herein provided, the number of
Warrant Shares which are then issuable and deliverable upon the exercise of this
entire  Warrant,  free  from  preemptive  rights  or any other actual contingent
purchase  rights  of  persons  other  than  the Holders (taking into account the
adjustments  and  restrictions  of  Section  8).  The Company covenants that all
Warrant  Shares  that  shall be so issuable and deliverable shall, upon issuance
and  the  payment  of the applicable Exercise Price in accordance with the terms
hereof, be duly and validly authorized, issued and fully paid and nonassessable.

                                     Page 3
<PAGE>
     7.   Certain  Adjustments.  The  Exercise  Price  and  number  of  Warrant
          --------------------
Shares  issuable  upon  exercise  of this Warrant are subject to adjustment from
time  to  time as set forth in this Section 8.  Upon each such adjustment of the
Exercise  Price pursuant to this Section 8, the Holder shall thereafter prior to
the  Expiration  Date  be  entitled to purchase, at the Exercise Price resulting
from  such  adjustment, the number of Warrant Shares obtained by multiplying the
Exercise  Price  in effect immediately prior to such adjustment by the number of
Warrant  Shares issuable upon exercise of this Warrant immediately prior to such
adjustment and dividing the product thereof by the Exercise Price resulting from
such  adjustment.

          (a)  If  the  Company,  at any time while this Warrant is outstanding,
(i) shall pay a stock dividend or otherwise make a distribution or distributions
on  shares  of  its  Common  Stock  (as  defined below) or on any other class of
capital stock (and not the Common Stock) payable in shares of Common Stock, (ii)
subdivide  outstanding shares of Common Stock into a larger number of shares, or
(iii)  combine  outstanding  shares  of  Common  Stock  into a smaller number of
shares,  the  Exercise  Price  shall  be  multiplied  by a fraction of which the
numerator  shall  be  the  number  of shares of Common Stock (excluding treasury
shares, if any) outstanding before such event and of which the denominator shall
be  the  number  of  shares  of Common Stock (excluding treasury shares, if any)
outstanding  after  such  event.  Any  adjustment  made pursuant to this Section
shall  become  effective immediately after the record date for the determination
of  stockholders  entitled  to  receive  such dividend or distribution and shall
become  effective  immediately  after  the  effective  date  in  the  case  of a
subdivision  or  combination,  and  shall  apply  to successive subdivisions and
combinations.

          (b)  In  case  of  any  reclassification  of  the  Common  Stock,  any
consolidation  or merger of the Company with or into another person, the sale or
transfer  of  all or substantially all of the assets of the Company in which the
consideration  therefor  is  equity  or  equity  equivalent  securities  or  any
compulsory  share  exchange pursuant to which the Common Stock is converted into
other securities or property, then the Holder shall have the right thereafter to
exercise  this  Warrant  only  into the shares of stock and other securities and
property  receivable  upon  or  deemed  to  be  held  by holders of Common Stock
following  such reclassification, consolidation, merger, sale, transfer or share
exchange,  and  the  Holder  shall  be  entitled upon such event to receive such
amount  of  securities or property of the Company's business combination partner
equal  to  the  amount of Warrant Shares such Holder would have been entitled to
had  such  Holder  exercised  this  Warrant  immediately  prior  to  such
reclassification,  consolidation,  merger, sale, transfer or share exchange. The
terms  of any such consolidation, merger, sale, transfer or share exchange shall
include  such terms so as to continue to give to the Holder the right to receive
the  securities  or  property  set  forth in this Section 8(b) upon any exercise
following  any  such  reclassification, consolidation, merger, sale, transfer or
share  exchange.

          (c)  If  the  Company,  at  any  time  while  this  Warrant  is
outstanding, shall distribute to all holders of Common Stock (and not to holders
of  this  Warrant) evidences of

                                     Page 4
<PAGE>
its  indebtedness  or  assets or rights or warrants to subscribe for or purchase
any  security  (excluding those referred to in Sections 8(a), (b) and (d)), then
in  each  such  case  the  Exercise Price shall be determined by multiplying the
Exercise  Price  in  effect  immediately  prior  to  the  record  date fixed for
determination  of  stockholders  entitled  to  receive  such  distribution  by a
fraction  of  which the denominator shall be the Exercise Price determined as of
the  record  date  mentioned  above,  and  of  which the numerator shall be such
Exercise  Price  on  such  record  date  less the then fair market value at such
record  date  of  the  portion  of  such  assets  or evidence of indebtedness so
distributed applicable to one outstanding share of Common Stock as determined by
a  nationally  recognized  or  major regional investment banking firm or firm of
independent  certified  public accountants of recognized standing (which, in all
events,  may be the firm that regularly examines the financial statements of the
Company)  (an  "Appraiser")  mutually selected in good faith by the holders of a
majority  in  interest  of  the  Warrants  then outstanding and the Company. Any
determination  made  by  the  Appraiser  shall  be  final.

          (d)  If,  at  any  time while this Warrant is outstanding, the Company
shall  issue  or  cause  to be issued rights or warrants to acquire or otherwise
sell  or  distribute shares of Common Stock to all holders of Common Stock for a
consideration  per  share  less  than  the  Exercise Price then in effect, then,
forthwith  upon  such  issue or sale, the Exercise Price shall be reduced to the
price  (calculated  to  the  nearest  cent) determined by dividing (i) an amount
equal  to  the  sum  of  (A)  the  number  of shares of Common Stock outstanding
immediately  prior  to  such issue or sale multiplied by the Exercise Price, and
(B)  the  consideration, if any, received or receivable by the Company upon such
issue  or  sale  by  (ii) the total number of shares of Common Stock outstanding
immediately  after  such  issue  or  sale.

          (e)  For  the  purposes  of  this  Section  8,  the  following clauses
shall  also  be  applicable:

               (i)  Record Date.  In case the Company shall take a record of the
                    -----------
holders  of  its Common Stock for the purpose of entitling the holders of Common
Stock (A) to receive a dividend or other distribution payable in Common Stock or
in securities convertible or exchangeable into shares of Common Stock, or (B) to
subscribe for or purchase Common Stock or securities convertible or exchangeable
into  shares  of  Common  Stock, then such record date shall be deemed to be the
date  of  the  issue  or  sale of the shares of Common Stock deemed to have been
issued or sold upon the declaration of such dividend or the making of such other
distribution  or  the  date  of  the  granting  of such right of subscription or
purchase,  as  the  case  may  be.

               (ii)  Treasury  Shares.  The  number  of  shares  of Common Stock
                     ----------------
outstanding  at  any given time shall not include shares owned or held by or for
the  account  of  the  Company,  and the disposition of any such shares shall be
considered  an  issue  or  sale  of  Common  Stock.

                                     Page 5
<PAGE>
          (f)  All  calculations  under  this  Section  8  shall  be made to the
nearest cent or the nearest 1/100th of a share, as the case may be.

     (g)    If:

            (i)   the  Company  shall  declare  a  dividend  (or  any  other
                  distribution)  on  its  Common  Stock;  or

            (ii)  the Company shall declare a special nonrecurring cash dividend
                  on  or  a  redemption  of  its  Common  Stock;  or

            (iii) the Company shall authorize the granting to all holders of the
                  Common  Stock  rights or warrants to subscribe for or purchase
                  any  shares of capital stock of any class or of any rights; or

            (iv)  the  approval  of  any  stockholders  of  the Company shall be
                  required in connection with any reclassification of the Common
                  Stock of the Company, any consolidation or merger to which the
                  Company  is  a  party,  any  sale  or  transfer  of  all  or
                  substantially  all  of  the  assets  of  the  Company,  or any
                  compulsory  share  exchange  whereby  the  Common  Stock  is
                  converted  into  other  securities,  cash  or  property;  or

            (v)   the  Company  shall  authorize  the  voluntary  dissolution,
                  liquidation  or  winding  up  of  the  affairs of the Company;

then the Company shall cause to be mailed to each Holder at their last addresses
as  they shall appear upon the Warrant Register, at least 30 calendar days prior
to  the  applicable  record  or  effective  date hereinafter specified, a notice
stating  (x)  the  date on which a record is to be taken for the purpose of such
dividend, distribution, redemption, rights or warrants, or if a record is not to
be  taken,  the  date  as  of  which the holders of Common Stock of record to be
entitled  to such dividend, distributions, redemption, rights or warrants are to
be  determined  or  (y)  the date on which such reclassification, consolidation,
merger,  sale,  transfer  or  share  exchange is expected to become effective or
close,  and  the date as of which it is expected that holders of Common Stock of
record  shall  be  entitled  to  exchange  their  shares  of  Common  Stock  for
securities,  cash  or  other  property  deliverable  upon such reclassification,
consolidation,  merger, sale, transfer, share exchange, dissolution, liquidation
or  winding  up;  provided, however, that the failure to mail such notice or any
                  --------  -------
defect  therein  or  in the mailing thereof shall not affect the validity of the
corporate  action  required  to  be  specified  in  such  notice.

     8.   Payment  of  Exercise  Price.  The Holder may exercise this Warrant by
          ----------------------------
tendering  to  the Company cash or certified or official bank check or checks in
an  amount  calculated by multiplying the Exercise Price per share by the number
of  Warrant  Shares  the  Holder  desires  to  purchase.

                                     Page 6
<PAGE>
     10.  Fractional  Shares.  The  Company  shall  not  be required to issue or
          ------------------
cause  to  be  issued fractional Warrant Shares on the exercise of this Warrant.
The  number  of full Warrant Shares which shall be issuable upon the exercise of
this  Warrant  shall be computed on the basis of the aggregate number of Warrant
Shares purchasable on exercise of this Warrant so presented.  If any fraction of
a  Warrant Share would, except for the provisions of this Section 9, be issuable
on  the  exercise  of this Warrant, the Company shall, at its option, (i) pay an
amount  in  cash equal to the Exercise Price multiplied by such fraction or (ii)
round  the  number  of  Warrant  Shares  issuable,  up to the next whole number.

     11.  Notices.  Any  and  all  notices or other communications or deliveries
          -------
hereunder  shall  be  in  writing and shall be deemed given and effective on the
earliest  of  (i)  the  date of transmission, if such notice or communication is
delivered  via  facsimile  at  the  facsimile telephone number specified in this
Section,  (ii)  the  business  day  following  the  date  of mailing, if sent by
nationally recognized overnight courier service, or (iii) upon actual receipt by
the  party  to whom such notice is required to be given.  The addresses for such
communications  shall  be:

          If to the Company:  DERMISONICS, INC.
                              c/o Bruce H. Haglund
                              2 Park Plaza, Suite 450
                              Irvine, California 92614
                              Facsimile: 949-733-1188

     If  to  the  Holder,  to  the  Holder  at  the  address or facsimile number
appearing  on  the Warrant Register or such other address or facsimile number as
the Holder may provide to the Company in accordance with this Section 11.

                                     Page 7
<PAGE>
     12.  Warrant  Agent.
          --------------

          (a)  The  Company  shall  serve  as  warrant agent under this Warrant.
Upon 30 days' notice to the Holder, the Company may appoint a new warrant agent.

          (b)  Any  corporation  into  which  the  Company  or  any  new warrant
agent may be merged or any corporation resulting from any consolidation to which
the  Company  or  any  new  warrant agent shall be a party or any corporation to
which  the  Company  or any new warrant agent transfers substantially all of its
corporate  trust  or shareholders services business shall be a successor warrant
agent  under  this  Warrant without any further act.  Any such successor warrant
agent  shall  promptly  cause  notice  of  its succession as warrant agent to be
mailed (by first class mail, postage prepaid) to the Holder at the Holder's last
address  as  shown  on  the  Warrant  Register.

     13.  Miscellaneous.
          -------------

          (a)  This  Warrant  shall  be  binding  on and inure to the benefit of
the  parties hereto and their respective successors and permitted assigns.  This
Warrant  may  be  amended  only in writing signed by the Company and the Holder.

          (b)  Subject  to  Section  12(a),  above,  nothing  in  this  Warrant
shall  be  construed to give to any person or corporation other than the Company
and the Holder any legal or equitable right, remedy or cause under this Warrant;
this  Warrant shall be for the sole and exclusive benefit of the Company and the
Holder.

          (c)  This  Warrant  shall  be  governed  by and construed and enforced
in  accordance  with  the internal laws of the State of Nevada without regard to
the  principles  of  conflicts  of  law  thereof.

          (d)  The  headings  herein  are  for  convenience  only,  do  not
constitute a part of this Warrant and shall not be deemed to limit or affect any
of  the  provisions  hereof.

          (e)  In  case  any  one  or  more  of  the  provisions of this Warrant
shall  be  invalid  or  unenforceable  in  any  respect,  the  validity  and
enforceability  of  the remaining terms and provisions of this Warrant shall not
in  any way be affected or impaired thereby and the parties will attempt in good
faith  to  agree  upon  a  valid  and  enforceable  provision  which  shall be a
commercially  reasonable  substitute  therefor,  and  upon  so  agreeing,  shall
incorporate  such  substitute  provision  in  this  Warrant.

          IN  WITNESS  WHEREOF,  the  Company has caused this Warrant to be duly
executed by its authorized officer as of the date first indicated above.

                                  DERMISONICS, INC.

                                     Page 8
<PAGE>
                                  By:
                                     ---------------------------

                                  Name:
                                       -------------------------

                                  Title:
                                        ------------------------

                                     Page 9
<PAGE>
                          FORM OF ELECTION TO PURCHASE

         (To be executed by the Holder to exercise the right to purchase
               shares of Common Stock under the foregoing Warrant)

To: DERMISONICS, INC.:

     In  accordance  with  the  Warrant  enclosed  with this Form of Election to
Purchase,  the  undersigned  hereby irrevocably elects to purchase [___________]
shares  of  Common  Stock  ("Common  Stock"),  $0.01  par  value  per  share, of
DERMISONICS,  INC.  and  encloses  herewith  $________  in  cash or certified or
official bank check or checks, which sum represents the aggregate Exercise Price
(as  defined  in  the Warrant) for the number of shares of Common Stock to which
this  Form  of  Election to Purchase relates, together with any applicable taxes
payable  by  the  undersigned  pursuant  to  the  Warrant.

     The  undersigned  requests that certificates for the shares of Common Stock
issuable  upon  this  exercise  be  issued  in  the  name  of

Print name and address:
                              ---------------------------------

                              ---------------------------------

                              ---------------------------------

                              ---------------------------------

Print social security or
tax identification number:
                              ---------------------------------

     If  the  number of shares of Common Stock issuable upon this exercise shall
not  be  all  of the shares of Common Stock which the undersigned is entitled to
purchase  in accordance with the enclosed Warrant, the undersigned requests that
a  New  Warrant (as defined in the Warrant) evidencing the right to purchase the
shares of Common Stock not issuable pursuant to the exercise evidenced hereby be
issued  in  the  name  of  and  delivered  to:

Print name and address:
                              ---------------------------------

                              ---------------------------------

                              ---------------------------------

                              ---------------------------------

<PAGE>
Dated:                       Name of Holder:
       -------------                         -----------------------------

                          Signature:
                                         ---------------------------------

                          By(if entity):
                                         ---------------------------------

                          Name(if entity):
                                         ---------------------------------

                          Title(if entity):
                                         ---------------------------------

                    (Signature must conform in all respects to name of holder as
                    specified on the face of the Warrant)

<PAGE>
           [To be completed and signed only upon transfer of Warrant]

     FOR  VALUE  RECEIVED,  the  undersigned hereby sells, assigns and transfers
unto
    ----------------------------------------------------------------------------
the  right  represented  by  the  within  Warrant  to  purchase
                                                               -----------------
shares  of Common Stock of DERMISONICS, INC. to which the within Warrant relates
and  appoints the Secretary of DERMISONICS, INC. attorney to transfer said right
on  the  books  of  DERMISONICS,  INC.  with  full  power of substitution in the
premises.

Dated:                    Name of Holder:
       -------------                       ------------------------------

                          Signature:
                                           ------------------------------

                          By(if entity):
                                           ------------------------------

                          Name(if entity):
                                           ------------------------------

                          Title(if entity):
                                           ------------------------------

                    (Signature must conform in all respects to name of holder as
                    specified on the face of the Warrant)

Name and Address of Transferee:
                                -----------------------------------------

                                -----------------------------------------

                                -----------------------------------------

In the presence of:

----------------------------------

<PAGE>

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