Document:

Unassociated Document

    
      
        EMPLOYMENT
          AGREEMENT

         

      

    

    This
      Agreement
      is made
      between BOND
      LABORATORIES,
      INC.,
      a Nevada
      corporation (“Employer”), and Scott D. Landow, an individual resident of the
      State of California (“Employee”).

    

    WITNESSETH:

    

    
      WHEREAS,
        Employer
        and Employee desire to set forth the terms of Employee’s employment by
        Employer;

    

     

    
      NOW,
        THEREFORE,
        in
        consideration of the premises and the mutual covenants and agreements herein
        set
        forth, the parties hereto agree as follows:

    

    

    1. EMPLOYMENT.
      Employer
      hereby engages and employs Employee and Employee accepts such employment with
      Employer, all on the terms set forth herein. Employee’s principal duties
      initially shall be to serve as President and CEO with general responsibilities
      to assist in strategic matters of Employer. During his or her employment
      hereunder, Employee shall devote his or her best efforts and attention on a
      semi
      full-time basis to the performance of the duties required of Employee and shall
      discharge his or her duties in accordance with the directions of the Board
      of
      Directors of Employer.

    

    2. CANCELLATION OF
      EXISTING
      CONTRACTS.
      Employer
      and Employee agree that any existing employment, noncompetition, confidentiality
      or change-in-control agreements will be cancelled upon the effectiveness of
      this
      Agreement.

    

    3. COMPENSATION.

     

    3.1 Cash
      Compensation.
      As
      partial compensation for his or her services hereunder, Employee:

    

    (a)
      shall
      receive an annual base salary of Ten Thousand and No/100 ($10,000.00) Dollars
      (U.S.), per month prorated for any partial year of employment and payable in
      equal installments in accordance with Employer’s then-current payroll practices
      and procedures and subject to all applicable taxes and
      withholdings;

    

    (b)
      shall
      receive reimbursement of ordinary and necessary travel and other expenses,
      subject to Employer’s standard policies (including any required approvals) and
      reimbursement for all cell phone and Internet access charges; 

    

    (c)
      shall
      be provided medical and dental coverage for Employee and his immediate family
      by
      Employer, either through an employee benefit plan or separate policy(s), with
      Employer paying one hundred (100%) percent of all premiums on such coverages,;
      and

    
      
        
        

      

      
        
        

        
          

        

      

       

    

    

    (d)
      shall
      be eligible to participate in those (i) employee benefit plans, and (ii)
      incentive compensation and equity-related programs, maintained by Employer,
      the
      latter being contingent upon recommendation of the Chairman of the Board of
      Employer and approval by the Compensation Committee of Employer’s Board of
      Directors; provided,
      however,
      that any
      such incentive compensation plan shall provide that, upon mutual pre-determined
      performance goals being achieved, Employee shall receive an annual bonus in
      cash
      not less than fifty (50%) nor more than one hundred (100%) percent of Employee’s
      then-current annual salary.

    

    3.2 Equity
      Compensation. As
      additional compensation for his or her services hereunder,
      Employee:

    

    (a) Shall
      be
      granted on an annual basis non-qualified or incentive (as the parties may from
      time-to-time determine) options to purchase shares of the voting capital stock
      of Employer, in such amounts and at such exercise prices as may be determined
      from time-to-time by the Compensation Committee of Employer’s Board of
      Directors, and upon such terms as are set forth in the documentation to evidence
      such grant; provided,
      however,
      that
      Employer hereby agrees, and such documentation shall provide, that such options
      shall fully vest upon the sooner to occur of (i) the third anniversary of the
      date of grant, or (ii) a Change of Control (as that term is defined in Exhibit
      “B” attached hereto); and

     

    4. CONFIDENTIALITY.
      Employee
      shall not disclose to third parties or use for his or her own or others’ benefit
      any Proprietary Information of Employer or any of its subsidiaries of which
      he
      or she becomes informed during his or her employment, whether or not such
      information or material is developed by him, except as might be required to
      be
      disclosed or used by him in order to perform the duties of his or her
      employment. As used herein, the term “Proprietary Information” refers to any and
      all information of a confidential, proprietary or secret nature which is or
      may
      be either applicable to or related in any way to (a) the business, present
      or
      future, of Employer or any of its subsidiaries, including without limitation
      the
      business of Employer, (b) the research and development or investigations of
      Employer or any or its subsidiaries, or (c) the business of any customer of
      Employer or any of its subsidiaries, and shall include, but not be limited
      to,
      trade secrets, processes, formulas, data, algorithms, source codes, object
      codes, documentation, flow-charts, drawings, correspondence, know-how,
      improvements, inventions, techniques, concepts, technologies, programs, designs,
      personnel records, marketing plans and strategies, customer lists, pricing
      and
      bidding policies and practices, costing information, salaries, proposals to
      licensors or customers, any data, confidential information or property entrusted
      to Employer or any of its subsidiaries by any licensors or customers and
      confidential information concerning customers or employees of Employer or any
      of
      its subsidiaries. Employee shall remain under this obligation of confidentiality
      for a period expiring one (1) year after termination of his or her employment
      hereunder (or indefinitely in the case of trade secrets) unless and until he
      or
      she is expressly released from it in a writing signed by Employer or he or
      she
      learns with certainty that the information or material in question has become
      public knowledge.

    

    5. EMPLOYER’S
      RIGHTS TO
      CERTAIN
      DISCOVERIES,
      ETC.
      Employee
      shall disclose promptly to Employer any and all concepts, inventions,
      improvements, discoveries, developments, techniques, modifications, procedures,
      formulas, ideas, trade secrets, innovations, systems, programs, know-how or
      designs (collectively, the “Discoveries”) related to the business or activities
      of Employer that he or she conceives, develops or reduces to practice during
      the
      time that he or she is employed by Employer. Employee agrees that all his or
      her
      right, title and interest in such Discoveries shall belong to Employer, in
      confirmation of which he or she shall execute deeds of assignment of such right,
      title and interest to Employer, its nominees, successors or assigns, whenever
      requested, without demanding separate or additional compensation therefor.
      All
      of the foregoing shall be the subject of the same confidentiality, nonuse and
      nondisclosure requirements as are prescribed in Section 4 hereof. Any of the
      Discoveries related to the business of Employer that Employee may reduce to
      practice or apply for a copyright or patent on during the first six (6) months
      after termination of his or her employment hereunder shall be presumed to have
      been conceived by him during the time of such employment and as such shall
      belong to Employer, and the burden shall be upon Employee, if he or she contends
      it was not, to prove it was not by clear and convincing
      evidence.

    
      
        
        

      

      
        -2-

        
          

        

      

       

    

    

    6. ASSISTANCE IN
      PROTECTING
      DISCOVERIES,
      ETC.
      Employee
      shall assist Employer and its nominees, successors or assigns (at its or their
      request) in every proper way during and following the period of his or her
      employment (entirely at its or their expense) to obtain and maintain for its
      or
      their own benefit copyrights or patents in any and all countries for all
      Discoveries described in Section 5 hereof. Such assistance shall include, but
      not be limited to, the execution and delivery of all lawful papers and documents
      of every nature which relate to the securing and maintenance of such copyrights
      and patent rights, and the performance of all other lawful acts, such as the
      giving of testimony in any interference proceedings, infringement suits, or
      other litigation, as may be deemed necessary or advisable by Employer or its
      nominees, successors or assigns.

    

    7. DELIVERY OF
      DOCUMENTATION,
      ETC.
      Upon
      termination of his or her employment, Employee shall promptly deliver to
      Employer any and all software, documents, drawings, manuals, letters, notes,
      notebooks, reports, and copies thereof, and all other materials of a secret
      or
      confidential nature relating to Employer’s business or activities, or relating
      to Employer’s customers, vendors or other business associates, that are in his
      or her possession or under his or her control.

    

    8. COVENANTS
      NOT TO
      COMPETE
      WITH OR
      SOLICIT
      FROM EMPLOYER.
      Acknowledging that the covenants contained in this Section 8 are part of the
      consideration for, and are reasonable in light of the employment and
      compensation covenants of Employer contained in this Agreement, Employee hereby
      covenants and agrees with Employer that, during his or her employment with
      Employer and for a period expiring one (1) year after the date of termination
      of
      such employment, that:

    

    (a)
      During the period of such employment he or she will not directly or indirectly
      compete with Employer for the business of providing products or services of
      any
      type provided by Employer during the term of this Agreement and will not
      otherwise engage in Prohibited Competition (as such term is defined in Section
      8(b)), and after termination of such employment he or she will not directly
      or
      indirectly compete with Employer for the business of providing products or
      services (or derivative products or services) which were offered or provided
      by
      Employer within one (1) year prior to the termination of such employment within
      that geographical area shown on Exhibit “A” attached hereto and incorporated
      herein (the “Territory”) nor otherwise engage in Prohibited Competition. The
      Territory is hereby acknowledged by both Employer and Employee as comprising
      the
      primary territory served by Employer and the territory in which Employer has
      actively solicited customers as of the date hereof.

    
      
        
        

      

      
        -3-

        
          

        

      

       

    

    

    (b)
      “Prohibited Competition” shall consist of acting as consultant, advisor,
      independent contractor, officer, manager, employee, principal, agent, trustee
      of
      any corporation, partnership, association or agent or agency, or directly or
      indirectly owning more than one (1%) percent of the outstanding capital stock
      of
      any corporation, or being a member or employee of any partnership or any owner
      or employee of any other business, any of which conducts a business in
      competition with Employer or any of its subsidiaries for the duration of this
      noncompetition agreement as set forth herein. “Prohibited Competition” shall
      also include (in addition to the foregoing):

    

    (i)
      Accepting employment with a customer of Employer or Employer’s affiliates with
      the intent or purpose of transferring business performed by Employer or
      Employer’s affiliates to a department, division of affiliate of the
      customer;

    

    (ii)
      Requesting or advising any of the customers, suppliers or other business
      contacts of Employer or Employer’s affiliates to withdraw, curtail, cancel or
      not increase their business with Employer or Employer’s affiliates;
      or

    

    (iii)
      Causing or inducing, or attempting to cause or induce, either directly or
      indirectly, any employees, sales representatives, consultants or other personnel
      of Employer or Employer’s affiliates to terminate their relationships or
      employment or breach their agreements with Employer or Employer’s affiliates,
      whether for the purpose of accepting employment with Employee or any other
      person, firm, association or corporation with which Employee is associated,
      or
      otherwise, or hiring any employee of Employer or its affiliates within four
      (4)
      months of such person having left the employ of Employer or of such
      affiliate.

    

    9. INJUNCTIVE
      RELIEF.
      Employee
      recognizes that the breach of any of his or her obligations under Sections
      4, 5,
      6, 7 or 8 hereof will give rise to irreparable injury to Employer inadequately
      compensable in damages and that, accordingly, Employer shall be entitled to
      injunctive relief against the breach or threatened breach of the within
      undertaking, without the requirement of posting a bond, in addition to other
      remedies at law or in equity which may be available.

    

    10. TERM.
      The term
      of this Agreement shall begin on the effective date of this Agreement and shall
      terminate on the third anniversary hereof, unless sooner terminated by either
      party in the manner set forth below.
      Either
      Employer or Employee may terminate Employee’s employment at any time by giving
      thirty (30) days’ prior written notice to the other. In addition, Employer shall
      have the right at any time to terminate Employee’s employment immediately for
      cause. Any action by Employer to terminate Employee’s employment shall be deemed
“for cause” if:

    
      
        
        

      

      
        -4-

        
          

        

      

       

    

    

    (a)
      Employee is unable to perform the essential functions of his or her job, with
      or
      without reasonable accomodation, (i) as a result of the habitual use of alcohol
      or drugs; or (ii) failure to perform his or her duties after written notice
      of
      such failure;

    

    (b)
      Employee has disclosed any material secret or confidential information of
      Employer or any subsidiary thereof without the consent of Employer or has
      violated or disregarded any other material duties, obligations or expected
      conduct as an employee of Employer;

    

    (c)
      Employee has committed any act or omitted to take any action in bad faith and
      to
      the detriment of Employer or any affiliate thereof;

    

    (d)
      Employee has committed (i) any felony; or (ii) any misdemeanor or other illegal
      conduct involving dishonesty, fraud or other matters of moral turpitude;
      or

    

    (e)
      Employee has acted against, or failed or omitted to act in, the best interests
      of Employer or any affiliate thereof, as determined in good faith by the Board
      of Directors of Employer.

    

    Employee’s
      obligations under Sections 4, 5, 6, 7, 8 and 12
      hereof
      shall survive and continue in effect following any termination of
      employment.

    

    11. SEVERANCE.
      If
      Employer should terminate Employee’s employment for any reason other than for
      cause pursuant to the preceding Section 10, Employee shall be paid an amount
      equal to his or her then-current monthly salary multiplied by the number of
      months remaining under this agreement, which payment shall be considered
      additional consideration for the noncompetition agreements set out in Section
      8
      hereof. Employee shall also be paid all unpaid annual bonuses for the remaining
      years under this agreement, in cash, at one hundred (100%) of the employee’s
      then-current annual salary.

    

    12. LITIGATION
      ASSISTANCE.
      Employee
      shall, for a period of five (5) years after termination of his or her employment
      hereunder, at no cost to Employer, unless otherwise provided herein, diligently
      and fully cooperate with Employer, including testifying, answering
      interrogatories, being deposed, and generally providing information and fully
      cooperating with the defense or prosecution of any suit or cause of action
      brought by or defended by Employer based upon any facts relating to any contact
      or matter which originated during Employee’s employment by Employer. Employer
      agrees to provide reasonable travel expenses pursuant to its current business
      travel policy for Employee’s assistance and cooperation in all such actions or
      suits, if required. Any requests for time away from Employee’s work must be
      reasonably acceptable to Employee, and Employee shall be compensated on a per
      diem basis based on Employee’s annual salary on the day before termination of
      this Agreement.

    

    13. ASSIGNMENT.
      The
      rights and benefits of Employee under this Agreement, other than accrued and
      unpaid amounts due under Section 3 hereof, are personal to him and shall not
      be
      assignable. Discharge of Employee’s undertakings in Sections 4, 5, 6, 7 and 8
      hereof shall remain an obligation of Employee’s executors, administrators, or
      other legal representatives or assigns.

    
      
        
        

      

      
        -5-

        
          

        

      

       

    

    

    14.
      NOTICES.
      All
      notices, demands, requests, or other communications which may be or are required
      to be given, served, or sent by either party to the other party pursuant to
      this
      Agreement shall be in writing and shall be hand delivered (including delivery
      by
      courier so long as a receipt or confirmation of delivery is obtained), sent
      by
      Federal Express or other recognized overnight delivery service, mailed by
      first-class, registered or certified mail, return receipt requested, postage
      prepaid, or transmitted by facsimile transmission (followed by delivery of
      the
      original of such document), addressed as set forth below. Either party hereto
      may designate by notice, in the manner herein above provided, a new address
      to
      which any notice, demand, request or communication may thereafter be so given,
      served or sent. Each notice, demand, request or communication which shall be
      mailed, delivered, or transmitted in the manner described above shall be deemed
      sufficiently given, served, sent and received for all purposes at such time
      as
      it is delivered to the addressee (with the return receipt, the delivery receipt,
      the affidavit of messenger or (with respect to a facsimile transmission) the
      answer back being deemed conclusive evidence of such delivery) or at such time
      as delivery is refused by the addressee upon presentation.Any notice or other
      communications under this Agreement shall be in writing, signed by the party
      making the same, and shall be delivered personally or sent by certified or
      registered mail, postage prepaid, addressed as follows:

    

    If
      to
      Employee: 

    

    

    If
      to
      Employer:                 
Bond
      Laboratories, Inc.

    777
      S.
      Highway 101

    Suite
      215

    Solana
      Beach, California 92075

    Attention:
      Chief Executive Officer

    Facsimile:
      (858) 847-9090

     

    15. GOVERNING
      LAW.
      This
      Agreement shall be interpreted and enforced in accordance with the laws of
      the
      State of California.

    

    16. SEVERABILITY.
      The
      parties agree that construction of this Agreement shall be in favor of its
      reasonable nature, legality and enforceability, and that any construction
      causing unenforceability shall yield to a construction permitting
      enforceability. It is agreed that the noncompetition, nonsolicitation,
      nondisclosure and nonhiring covenants and provisions of this Agreement are
      severable, and that if any single covenant or provision or multiple covenants
      or
      provisions should be found unenforceable, the entire Agreement and remaining
      covenants and provisions shall not fail but shall be construed and enforceable
      without any severed covenant or provision in accordance with the tenor of this
      Agreement. The parties specifically agree that no covenant or provision of
      this
      Agreement shall be invalidated because of overbreadth insofar as the parties
      acknowledge the scope of the covenants and provisions contained herein to be
      reasonable and necessary for the protection of Employer and not unduly
      restrictive upon Employee. However, should a court or any other trier of fact
      or
      law determine not to enforce any covenant or provision of this Agreement as
      written due to overbreadth, then the parties agree that said covenant or
      provision shall be enforced to the extent reasonable, with the court or such
      trier to make any necessary revisions to said covenant or provision to permit
      its enforceability, whether said revisions be in time, territory, or scope
      of
      prohibited activities.

    
      
        
        

      

      
        -6-

        
          

        

      

       

    

    

    17.
      ENTIRE
      AGREEMENT.
      This
      Agreement contains the entire agreement of the parties hereto with respect
      to
      the subject matter contained herein. There are no restrictions, promises,
      covenants, or undertakings, other than those expressly set forth herein. This
      Agreement supersedes all prior agreements and understandings between the parties
      with respect to such subject matter. This Agreement may not be changed except
      by
      a writing executed by the parties.

    

    18. HEADINGS.
      The
      headings contained herein are for convenience of reference only and are not
      intended to define, limit, expand or describe the scope or intent of any
      provision of this Agreement.

    

    19. COUNTERPARTS.
      This
      Agreement may be executed in any number or counterparts, each of which shall
      be
      deemed a part of the same original.

     

    
      IN
        WITNESS
        WHEREOF,
        the
        undersigned have executed this Agreement under seal as of the day and year
        first
        above written.

    

     

    
      
        	
                EMPLOYER:

              	 	
                EMPLOYEE:

              
	 	 	 
	
                
                  BOND LABORATORIES,
                    INC.

                

              	 	 
	 	 	 
	 	 	 
	
                By:

              	 	 	
                 

              
	 	 	 	 
	
                Name:

              	 	 	 
	 	 	 	 
	
                Title:

              	 	 	 

      

    

     

    
      
        
        

      

      
        -7-

        
          

        

      

       

    

     

    
      EXHIBIT
        “A”

    

    

    Restricted
      Territory

    

    The
      United States of America

    
      
        
        

      

      
        Page
          1 of
          1

        
          

        

      

       

    

    
      EXHIBIT
        “B”

    

    

    Change
      of Control

    

    For
      the
      purposes of this Agreement, a “Change of Control” shall mean a change in control
      of Employer of a nature that would be required to be reported (assuming such
      event has not been “previously reported”) in response to Item 1(a) of a Current
      Report on Form 8-K pursuant to Section 13 or 15(d) of the Exchange Act of 1934
      (the “Exchange Act”); provided that, without limitation, a Change in Control
      shall also be deemed to have occurred at such time as:

    

    (a) Any
      “person” within the meaning of Section 14(d) of the Exchange Act, other than
      Employer, a subsidiary, or any employee benefit plan(s) sponsored by Employer
      or
      any subsidiary thereof, is or has become the “beneficial owner,” as defined in
      Rule 13d-3 under the Exchange Act, directly or indirectly, of fifty percent
      (50%) or more of the combined voting power of the outstanding securities of
      Employer ordinarily having the right to vote at the election of directors;
      or

    

    (b) Individuals
      who constitute the Board immediately prior to any meeting of stockholders (the
      “Incumbent Board”) have ceased for any reason to constitute at least a majority
      thereof, provided that any person becoming a director whose election, or
      nomination for election by Employer’s stockholders, was approved by a vote of at
      least three-quarters (3/4) of the directors comprising the Incumbent Board
      (either by a specific vote or by approval of the proxy statement of Employer
      in
      which such person is named as a nominee for director without objection to such
      nomination) shall be, for purposes of this Agreement, considered as though
      such
      person were a member of the Incumbent Board; or

    

    (c) Upon
      approval by Employer’s stockholders of a reorganization, merger, share exchange
      or consolidation, other than one with respect to which those persons who were
      the beneficial owners, immediately prior to such reorganization, merger, share
      exchange or consolidation, of outstanding securities of Employer ordinarily
      having the right to vote in the election of directors own, immediately after
      such transaction, more than fifty percent (50%) of the outstanding securities
      of
      the resulting corporation ordinarily having the right to vote in the election
      of
      directors; or

    

    (d) Upon
      approval by Employer’s stockholders of a complete liquidation and dissolution of
      Employer or the sale or other disposition of all or substantially all of the
      assets of Employer other than to a subsidiary thereof.

    
      
        
        

      

      
        Page
          1 of
          1THIS
      COMMON STOCK PURCHASE WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933 ACT, AS AMENDED (THE "1933 ACT"). THE HOLDER HEREOF, BY PURCHASING
      THIS
      COMMON STOCK PURCHASE WARRANT, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH
      SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE
      COMPANY, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT,
      OR
      (C) IF REGISTERED UNDER THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS.
      IN ADDITION, A SECURITIES PURCHASE AGREEMENT ("PURCHASE AGREEMENT"), DATED
      THE
      DATE HEREOF, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL
      EXECUTIVE OFFICE, CONTAINS CERTAIN ADDITIONAL AGREEMENTS AMONG THE PARTIES,
      INCLUDING, WITHOUT LIMITATION, PROVISIONS WHICH LIMIT THE EXERCISE RIGHTS OF
      THE
      HOLDER AND SPECIFY MANDATORY REDEMPTION OBLIGATIONS OF THE
      COMPANY.

    

    
      
        

      

    BOND
      LABORATORIES, INC.

    

    COMMON
      STOCK PURCHASE WARRANT

     

    
      	Number
              of shares:	 	 	Holder:
              	 
	 	 	 	 	 
	 	 	 	 	 
	Expiration
              Date: 	 
              	     	
              ,
                2009 

            	 	 	 
	 	 	 	 	 
	Exercise
              Price 
per Share: 	$____________________________________	 	 	 

    

     

    Bond
      Laboratories, Inc., a company organized and existing under the laws of the
      State
      of Nevada (the “Company”),
      hereby certifies that, for value received, ______________), or its registered
      assigns (the “Warrant
      Holder”),
      is
      entitled, subject to the terms set forth below, to purchase from the Company
      (_______________) shares (the “Warrant
      Shares”)
      of
      common stock, $0.001 par value (the “Common
      Stock”),
      of
      the Company (each such share, a “Warrant
      Share”
and
      all
      such shares, the “Warrant
      Shares”)
      in
      exchange for (a) one (1) Warrant and (b) $________ per share (as adjusted from
      time to time as provided in Section 7, per Warrant Share (the “Exercise
      Price”),
      at
      any time and from time to time from and after the date thereof and through
      and
      including 5:00 p.m. New York City time on _____________, 2009 (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 Warrant Holder hereof from time to time. The Company
      may
      deem and treat the registered Warrant Holder of this Warrant as the absolute
      owner hereof for the purpose of any exercise hereof or nay distribution to
      the
      Warrant Holder, and for all other purposes, and the Company shall not be
      affected by notice to the contrary.

    

    2.  Investment
      Representation.
      The
      Warrant Holder by accepting this Warrant represents that the Warrant Holder
      is
      acquiring this Warrant for its own account or the account of an affiliate for
      investment purposes and not with the view to any offering or distribution and
      that the Warrant Holder will not sell or otherwise dispose of this Warrant
      or
      the underlying Warrant Shares in violation of applicable securities laws. The
      Warrant Holder acknowledges that the certificates representing any Warrant
      Shares will bear a legend indicating that they have not been registered under
      the United States Securities Act of 1933, as amended (the “1933
      Act”)
      and
      may not be sold by the Warrant Holder except pursuant to an effective
      registration statement or pursuant to an exemption from registration
      requirements of the 1933 Act and in accordance with federal and state securities
      laws. If this Warrant was acquired by the Warrant Holder pursuant to the
      exemption from the registration requirements of the 1933 Act afforded by
      Regulation S thereunder, the Warrant Holder acknowledges and covenants that
      this
      Warrant may not be exercised by or on behalf of a Person during the one year
      distribution compliance period (as defined in Regulation S) following the date
      hereof. “Person”
      means an
      individual, partnership, firm, limited liability company, trust, joint venture,
      association, corporation, or any other legal entity.

    

    3.  Validity
      of Warrant and Issue of Shares.
      The
      Company represents and warrants that this Warrant has been duly authorized
      and
      validly issued and warrants and agrees that all of Common Stock that may be
      issued upon the exercise of the rights represented by this Warrant will, when
      issued upon such exercise, be duly authorized, validly issued, fully paid and
      nonassessable and free from all taxes, liens and charges with respect to the
      issue thereof. The Company further warrants and agrees that during the period
      within which the rights represented by this Warrant may be exercised, the
      Company will at all times have authorized and reserved a sufficient number
      of
      Common Stock to provide for the exercise of the rights represented by this
      Warrant.

    

    4.     Registration
      of Transfers and Exchange of Warrants.

    

    a.
      Subject
      to compliance with the legend set forth on the face of this Warrant, the Company
      shall register the transfer of any portion of this Warrant in the 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 the office
      specified in or pursuant to Section 9. 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 Warrant 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 Warrant
      Holder of a Warrant.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    b. This
      Warrant is exchangeable, upon the surrender hereof by the Warrant Holder to
      the
      office of the Company specified in or pursuant to Section 9 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.

    

    5.     Exercise
      of Warrants.

    

    a.
      Upon
      surrender of this Warrant with the Form of Election to Purchase attached hereto
      duly completed and signed to the Company, at its address set forth in Section
      9,
      and upon payment and delivery of the Exercise Price per Warrant Share multiplied
      by the number of Warrant Shares that the Warrant 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, to the Company, all as specified
      by
      the Warrant Holder in the Form of Election to Purchase, the Company shall
      promptly (but in no event later than 5 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 Warrant Holder and in such name or names as the
      Warrant Holder may designate (subject to the restrictions on transfer described
      in the legend set forth on the face of this Warrant), a certificate for the
      Warrant Shares issuable upon such exercise, with such restrictive legend as
      required by the 1933 Act. Any person so designated by the Warrant Holder to
      receive Warrant Shares shall be deemed to have become holder of record of such
      Warrant Shares as of the Date of Exercise of this Warrant.

    

    b.
      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 Warrant Holder to be
      purchased.

    

    c.
      This
      Warrant shall be exercisable at any time and from time to time for such number
      of Warrant Shares as is indicated in the attached Form of Election To Purchase.
      If less than all of the Warrant Shares which may be purchased under this Warrant
      are exercised at any time, the Company shall 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.

    

    6.  Call
      of Warrant(s) by Company.
      In the
      event that the average price of the Common Stock of the Company as listed on
      a
      nationally public securities market is 122% of the exercise price herein price
      for a period of twenty consecutive trading days and the Registration Statement
      is effective for such twenty consecutive trading days, the Company may call
      the
      Warrant and pay to the Warrant Holder $0.001 per Warrant. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7.  Adjustment
      of Exercise Price and Number of Shares.
      The
      character of the shares of stock or other securities at the time issuable upon
      exercise of this Warrant and the Exercise Price therefor, are subject to
      adjustment upon the occurrence of the following events:

    

    a. Adjustment
      for Stock Splits, Stock Dividends, Recapitalizations, Etc.
      The
      Exercise Price of this Warrant and the number of shares of Common Stock or
      other
      securities at the time issuable upon exercise of this Warrant shall be
      appropriately adjusted to reflect any stock dividend, stock split, combination
      of shares, reclassification, recapitalization or other similar event affecting
      the number of outstanding shares of stock or securities.

    

    b. Adjustment
      for Reorganization, Consolidation, Merger, Etc.
      In case
      of any consolidation or merger of the Company with or into any other
      corporation, entity or person, or any other corporate reorganization, in which
      the Company shall not be the continuing or surviving entity of such
      consolidation, merger or reorganization (any such transaction being hereinafter
      referred to as a "Reorganization"),
      then, in
      each case, the holder of this Warrant, on exercise hereof at any time after
      the
      consummation or effective date of such Reorganization (the "Effective
      Date"),
      shall
      receive, in lieu of the shares of stock or other securities at any time issuable
      upon the exercise of the Warrant issuable on such exercise prior to the
      Effective Date, the stock and other securities and property (including cash)
      to
      which such holder would have been entitled upon the Effective Date if such
      holder had exercised this Warrant immediately prior thereto (all subject to
      further adjustment as provided in this Warrant).

    

    c. Certificate
      as to Adjustments.
      In case
      of any adjustment or readjustment in the price or kind of securities issuable
      on
      the exercise of this Warrant, the Company will promptly give written notice
      thereof to the holder of this Warrant in the form of a certificate, certified
      and confirmed by the Board of Directors of the Company, setting forth such
      adjustment or readjustment and showing in reasonable detail the facts upon
      which
      such adjustment or readjustment is based.

    

    8.  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 that
      shall be issuable upon the exercise of this Warrant shall be computed on the
      basis of the aggregate number of Warrants Shares purchasable on exercise of
      this
      Warrant so presented. If any fraction of a Warrant Share would, except for
      the
      provisions of this Section 8, 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.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.  Notice.
      All
      notices and other communications hereunder shall be in writing and shall be
      deemed to have been given (i) on the date they are delivered if delivered in
      person; (ii) on the date initially received if delivered by facsimile
      transmission followed by registered or certified mail confirmation; (iii) on
      the
      date delivered by an overnight courier service; or (iv) on the third business
      day after it is mailed by registered or certified mail, return receipt requested
      with postage and other fees prepaid as follows:

     

    
      	 	If to the Company:	 
	 	 	 
	 	
              Bond
                Laboratories, Inc. 

              777
                S. Highway 101

              Suite
                215 Solana Beach, CA 92075  

              
                858-847-9000

              

            	 
	 	 	 
	 	
              If
                to the Warrant Holder:

            	 
	 	 
	 	
              To
                the address in this Warrant or to the address provided to the Company
                by
                an Investor. 

            

    

     

    10.  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 and signed by the Company and the Warrant Holder.

    

    b.
      Nothing
      in this Warrant shall be construed to give to any person or corporation other
      than the Company and the Warrant Holder any legal or equitable right, remedy
      or
      cause of action under this Warrant; this Warrant shall be for the sole and
      exclusive benefit of the Company and the Warrant Holder.

    

    c.
      This
      Warrant shall be governed by, construed and enforced in accordance with the
      internal laws of the Commonwealth of Pennsylvania 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 enforceablilty 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 reasonably
      substitute therefore, and upon so agreeing, shall incorporate such substitute
      provision in this Warrant.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    f.
      The
      Warrant Holder shall not, by virtue hereof, be entitled to any voting or other
      rights of a shareholder of the Company, either at law or equity, and the rights
      of the Warrant Holder are limited to those expressed in this
      Warrant.

    

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

     

    
      	
              Bond
                Laboratories, Inc.

            	 
	 	 	 
	
              By:

            	   	 
	 	 	 
	
              Name:

            	   	 
	 	 	 
	
              Title:

            	   	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FORM
      OF ELECTION TO PURCHASE

    

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

     

    To:
      ABC
      CORP

     

    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”), $0.001 par value, of ABC CORP and encloses one
      warrant and $________ for each Warrant Share being purchased or an aggregate
      of
      $________________ in cash or certified or official bank check or checks, which
      sum represents the aggregate Exercise Price (as defined in the Warrant) 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:

     

    
      
        

      

    
      
 

    
      

    

    (Please
      print name and address)

     

    
      

    

    (Please
      insert 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:

    

    
      
 

      

    

     

    
      

    

    (Please
      print name and address)

     

    
      	 	 	 	 
	Dated: ______________	 	Name
              of Warrant
              Holder:
	 	 	 
	 
 	 	(Print)
	 
 
	
            	 	
            	
            
	 	 	(By:)
              	 
	 	 	 	 
	 	 	(Name:)	 
	 	 	 	 
	 	 	(Title:)
              	 
	 	
            
	 	
              Signature
                must conform in all respects to name of Warrant
                Holder as specified on the face of the Warrant

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]