Document:

Labor Contract

 

For

 

Full-time Employees

	
Party A: 

	
Suzhou Erve Pharmaceutical Company Limited

	  

	
Party B: 

	
Zhang Jian

	  

	
Date:

	
April 1, 2008

	  

  

 

  

 

Party A (Employer)

	
Name of employer: 

	
Suzhou Erye Pharmaceutical Company Limited

	 

	
Address: 

	
859 Panxu Road, Suzhou

	 

	
Legal representative or person in charge: 

	
Shi Mingsheng

	 

 

Party B (Employee)

 

Name: Zhang Jian                        Sex: Female                                Date of birth: November, 1961

 

Educational level: Master’s degree                           Contact information:___________________

 

	
Domicile:

	
Room 502 of No. 13 Building, Lingtang Gongcun Community. Suzhou

	 

 

	
Current residence:

	
Room 102 of No. 3 Building, 158 Xidajie Avenue, Suzhou

 

	
ID card No.:

	
     320504196111102523

 

Other valid identification certificate:                                             No.: ______________

 

Social security No.: _________________________________________________________

 

This Labor Contract for Full-time Employees (hereinafter referred to as “this Contract”) is made and entered into by and between the above-mentioned two parties in accordance with the Labor Contract Law of the People’s Republic of China basing on the principle of equality, sincerity and impartiality and shall be binding on both parties. The parties hereto agree as follows through mutual consultations:

 

I. Term of the Contract

 

This Contract shall take effect this 1st day of April, 2008 but without a fixed term.

 

The probationary period starts from                             and ends at _____________.

 

II. Work Responsibilities and Working Place

 

	
(A)

	
Party B shall, as requested by Party A, assume the position of the General Manager. But if it is necessary for its businesses, Party A may, after consulting Party B, change Party B’s position basing on the assessment on Party B’s performance while abiding by the principle of reasonability and sincerity.

 

	
(B)

	
The work responsibilities and requirements that Party A requests Party B to perform or meet shall comply with the national labor standards and Party A’s Articles of Association formulated and published according to law. Party B shall perform its duties according to the responsibilities and standards required by Party A.

 

	
(C)

	
The parties hereto agree that the place for performance of this Contract shall be at No. 859 Panxu Road, Suzhou currently and is expected to be at Anmin Road, Dongqiao Town, Suzhou from 2009 to 2010.

 

  

 

  

 

III. Working Time, Rests and Holidays

 

	
(A)

	
The parties hereto agree through mutual consultations that Party B’s working time shall not exceed forty hours per week averagely. In the event that Party B needs to work over such forty-hour limit owing to working reasons, Party A shall arrange compensation leave for Party B or pay Party B for the overtime according to the applicable laws, rules and regulations.

 

	
(B)

	
Party A shall abide by the statutory working time strictly and control the overtime properly in order to ensure Party B sufficient rests and the physical and spiritual health.

 

	
(C)

	
Party A shall provide Party B with the paid annual leave. Party A may arrange the annual leave after taking into consideration the production situation, Party B’s work and the employee’s own will comprehensively.

 

IV. Remuneration

 

Party A shall pay Party B the salary with money at least once a month and shall not deduct, withhold or delay the payment of salary to Party B. If Party B provides normal labor service to Party A in the statutory working time or the working time set forth in this Contract, the salary paid by Party A shall not be lower than the lower limit of the local salary standard.

 

	
(A)

	
Party A guarantees that the 18th day of each month is the pay day.

 

	
(B)

	
Party B’s salary during the probationary period is RMB                              Yuan per month.

 

	
(C)

	
Party A and Party B agree through mutual consultations that Party B’s base salary is RMB 850 Yuan per month, and that the post allowance is paid monthly by Party A basing on Party B’s performance and the company’s economic benefits.

 

	
(D)

	
Party A shall raise Party B’s salary reasonably on a annual basis according to the company’s economic benefits, the directive salary standards published by local government and the provisions set forth in the collective contract of the company.

 

	
(E)

	
The overtime pay for Party B shall be calculated basing on the base salary.

 

	
(F)

	
The salary for Party B during its paid leave (such as marriage leave, funeral leave, annual leave and home leave etc.) shall be calculated basing on its base salary.

 

	
(G)

	
Party A shall pay the provident housing fund contributions for Party B according to the national and local rules and regulations.

  

 

  

 

V. Labor Discipline

 

	
(A)

	
Party A shall inform Party B of all its rules and regulations formulated through democratic procedures according the applicable laws and regulations of the nation. Party B shall abide by all such rules and regulations, the labor disciplines and laws of the nation and the codes for operational safety and obey the company’s management and fulfill the works and tasks duly,

 

	
(B)

	
Party A shall be entitled to examine and urge Party B’s implementation of the above-mentioned rules and regulations and give punishment or award accordingly.

 

VI. Social Security

 

	
(A)

	
The parties shall participate in the social security system and pay the various premiums in full amount and the part of the premiums that shall be paid by Party B will be withheld by Party A from Party B’s remunerations.

 

	
(B)

	
Party A shall pay various social insurance premiums for Party B according to law and make the payment status of such premiums public to the employees on an annual basis and receive the supervisions by the employees.

 

	
(C)

	
In case that Party B is injured in work or gets any occupational disease, Party A shall provide aid and cure promptly and other necessary assistance. Besides. Party A shall, within the stipulated time period, apply to the administrative department of the social security authority for certifying the work-related injury, obtain the working capability assessment for Party B according to law and perform other obligations necessary for Party B to enjoy its benefits from the work-related injury insurance.

 

VII. Labor Protection, Working Environment and Prevention of Occupational Diseases

 

	
(A)

	
In case the post has any potential to get occupational disease, Party A shall inform Party B of such fact and give labor safety training to Party B in order to prevent serious accident in work and reduce the risks of getting occupational disease.

 

	
(B)

	
Party A shall provide Party B with the working environment meeting the national requirements for labor safety and hygiene and the necessary labor protection equipments. If arranging Party B to assume the post with potential risks of getting occupational disease, Party A shall arrange regular physical examinations for Party B and give physical examination before Party B leaves post.

 

	
(C)

	
If Party B’s post has any risk of getting occupational disease, Party B shall adopt the following protective measures under Party A’s supervision: to use appropriate labor protection equipments and to abide by the codes for operational safety. Party B shall be entitled to reject the instructions with violation of rules or the operation under risks given or required by Party A’s managerial personnel.

 

	
(D)

	
Party A shall provide protections to Party B in accordance with the protective rules and regulations of the nation for female and under-age employees.

  

 

  

 

	
(E)

	
In case that Party B gets any disease or is injured not for work, Party A shall adopt the applicable rules and regulations of the nation on the medical treatment period.

 

VIII. The parties hereto agree to the following Clause (C) through mutual consultation:

 

	
(A)

	
Because Party B may get access to Party A’s business secrets and confidential information regarding intellectual property rights, Party A may consult Parly A on the matters related to the information confidentiality and the non-competition restrictions and made agreement thereon as the annex hereof.

 

	
(B)

	
In case that Party A intends to fund any professional or technological training to Party B and thus to require Party B to serve for a certain period, Party A shall consult Party B in advance and make agreement thereon as the annex hereof if Party B agrees, setting forth the rights and obligations of the parties.

 

	
(C) 

	
Other matters agreed upon by Party A and Party B:

 

	
a)

	
Party B acknowledges that Party A is expected to move to Panyang Industrial Park, Huangdai Town, Xiangcheng District Suzhou (Anmin Road, Dongqiao Town) between 2009 and the end of 2010.

 

	
b)

	
Neither party shall rescind this Contract before expiry because of the above-mentioned move. And in the event that any party fails to perform this Contract owing to this reason, it shall be considered as a breach hereof by such party.

 

	
c)

	
After such move, Party A will provide shuttle bus service to Party B for going to and off work. But the routes of the shuttle bus will be determined by Party A according applicable rules. Thus if Party B is not able to take the shuttle bus, Party B shall solve the transportation problems by himself/herself.

 

	
d)

	
Party A may change Party B’s position if it is required by the company’s production and business operation or by the humane resource department and Party B will obey such arrangement voluntarily.

 

	
e)

	
Party A and Party B confirm that all the rules and regulations formulated by the company and its various announcements and notices shall be considered as a part of this Contract.

 

	
I)

	
Party A has informed Party B of the company’s basic situations (including Party B’s remuneration and working conditions etc.) and Party B has been fully aware of the same. And the parties hereto execute this Contract basing on the aforesaid acknowledgement.

 

	
g)

	
Party B confirms that upon the execution of this Contract Party B has been fully aware of all the rules and regulations formulated by Party A according to law and will abide by the same.

  

 

  

 

	
h)

	
Party A and Party B confirm that the address stated in this Contract is the address for service of various documents and notices. In case of any change address, the party with the change shall notify the other party promptly, otherwise the consequences arising from the failure of notifying the change of address shall be fully borne by such party.

 

VIIII. Settlement of Labor Dispute

 

	
(A)

	
The labor dispute between the parties hereto arising from the performance hereof shall be settled through consultation. If any party has no intention of consultation or no agreement can be reached through consultation, such dispute may be submitted to the Labor Dispute Reconciliation Commission of the company for reconciliation, and may be submitted to the Labor Dispute Arbitration Commission for arbitration if no agreement can be reached by-reconciliation. Or either may submit such dispute directly to the Labor Dispute Arbitration Commission for arbitration. The party requesting arbitration shall, within the time limit for arbitration, submit an application to the Labor Dispute Arbitration Commission in writing. Any party refusing to accept the arbitration award may, within fifteen days upon the receipt of the arbitration award, lodge a lawsuit with the People’s Court if the conditions for action are all met.

 

	
(B)

	
In the event that Party A violates any laws, rules or regulations on labor protection and impairs Party B’s legal rights and benefits, Party B shall be entitled to make complaints to the administrative department of the social security authority and other related departments.

 

X. Miscellaneous

 

	
(A)

	
In case of any change of Party B’s domicile, current residence or contact information etc. during the term of this Contract, Party B shall notify Party A promptly.

 

	
(B)

	
The matters fail to be covered herein shall be settled by in accordance with the applicable rules and regulations of the nation, province and municipality and shall be settled through equal consultations between the two parties if it is not set forth in any of the above rules and regulations.

 

	
(C) 

	
This Contract shall not be altered.

 

	
(D)

	
In the event that this Contract is made in both Chinese and a foreign language, the Chinese version shall prevail in case of any conflict between the two versions.

 

	
(E)

	
This Contract is made in duplicate, one for each party.

 

	
(F)

	
The annexes of this Contract include:                                                                                                    

  

 

  

	
Party A:

	 	
Party B:

	  	 	  
	
Signature of the legal representative or person in charge: /s/ Shi Mingsheng

	 	
Signature: /s/ Zhang Jian

	  	 	  
	
Seal: /seal/ Suzhou Erye Pharmaceuticals Co., Ltd.

	 	  
	  	 	  
	
Date of execution:

	 	
Date of execution:

	  	 	  
	
April 1, 2008

	 	April 1, 2008  

 

Sealed by the verification authority:

 

/seal/ Suzhou Municipal Labor and Social Security Bureau

 

Date: April 14, 2008Unassociated Document

Exhibit 4.6

 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER APPLICABLE SECURITIES LAWS AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED, OR OTHERWISE DISPOSED OF, EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

Warrant No. _____

 

WARRANT TO PURCHASE SHARES OF COMMON STOCK

 

OF

 

NEOSTEM, INC.

 

THIS CERTIFIES that, for value received, __________is entitled to purchase from NEOSTEM, INC., a Delaware corporation (the “Corporation”), subject to the terms and conditions hereof, __________ (__________) shares (the “Warrant Shares”) of common stock, $.001 par value (the “Common Stock”). This warrant, together with all warrants hereafter issued in exchange or substitution for this warrant, is referred to as the “Warrant” and the holder of this Warrant is referred to as the “Holder.” The number of Warrant Shares is subject to adjustment as hereinafter provided. Notwithstanding anything to the contrary contained herein, this Warrant shall expire at 5:00 p.m. (Eastern Time) on May 19, 2013 (the “Termination Date”). 

 

1. Exercise of Warrants. The Holder may, at any time six months after the date of issuance (i.e. on November 20, 2008) and prior to the Termination Date, exercise this Warrant in whole or in part at an exercise price per share equal to $1.75 per share, subject to adjustment as provided herein (the “Exercise Price”), by the surrender of this Warrant (properly endorsed) at the principal office of the Corporation, or at such other agency or office of the Corporation in the United States of America as the Corporation may designate by notice in writing to the Holder at the address of such Holder appearing on the books of the Corporation, and by payment to the Corporation of the Exercise Price in lawful money of the United States by check or wire transfer for each share of Common Stock being purchased. Upon any partial exercise of this Warrant, there shall be executed and issued to the Holder a new Warrant in respect of the shares of Common Stock as to which this Warrant shall not have been exercised. In the event of the exercise of the rights represented by this Warrant, a certificate or certificates for the Warrant Shares so purchased, as applicable, registered in the name of the Holder, shall be delivered to the Holder hereof as soon as practicable after the rights represented by this Warrant shall have been so exercised. 

2. Cashless Exercise.  Notwithstanding any provision herein to the contrary, if as of the date of exercise of all or a part of this Warrant, the closing sales price of the Common Stock is greater than the Warrant Price, as adjusted, then in lieu of exercising this Warrant for cash, the holder may elect to receive, without the cash payment by the holder of the Exercise Price, shares of Common Stock equal to the value of this Warrant or any portion hereof by the surrender of this Warrant (or such portion of this Warrant being so exercised) together with the Net Issue Election Notice annexed hereto duly executed and completed, at the office of the Company. Thereupon, the Company shall issue to the holder such number of shares of Common Stock, equal to the quotient obtained by dividing [(A-B)(X)] by (A), where:

 

(A) = the closing sales price on the trading day immediately preceding the date that the holder delivers the Net Issue Election Notice to the Company as provided herein;

 

 

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(B) = the Exercise Price of this Underwriter Warrant, as adjusted, in effect on the date that the holder delivers the Net Issue Election Notice to the Company as provided herein; and

 

(X) = the total number of shares of Common Stock covered by this Underwriter Warrant which the holder has surrendered for cashless exercise.

 

3.  Reservation of Warrant Shares. The Corporation agrees that, prior to the expiration of this Warrant, it will at all times have authorized and in reserve, and will keep available, solely for issuance or delivery upon the exercise of this Warrant, the number of Warrant Shares as from time to time shall be issuable by the Corporation upon the exercise of this Warrant.

 

4. No Stockholder Rights. This Warrant shall not entitle the holder hereof to any voting rights or other rights as a stockholder of the Corporation.

 

5. Transferability of Warrant. Prior to the Termination Date and subject to compliance with applicable Federal and State securities and other laws, this Warrant and all rights hereunder are transferable, in whole or in part, at the office or agency of the Company by the Holder in person or by duly authorized attorney, upon surrender of this Warrant together with the Assignment Form annexed hereto properly endorsed for transfer. Any registration rights to which this Warrant may then be subject shall be transferred together with the Warrant to the subsequent Investor.

 

6. Certain Adjustments. With respect to any rights that Holder has to exercise this Warrant and convert into shares of Common Stock, Holder shall be entitled to the following adjustments:

 

(a) Merger or Consolidation. If at any time there shall be a merger or a consolidation of the Corporation with or into another entity when the Corporation is not the surviving corporation, then, as part of such merger or consolidation, lawful provision shall be made so that the holder hereof shall thereafter be entitled to receive upon exercise of this Warrant, during the period specified herein and upon payment of the aggregate Exercise Price then in effect, the number of shares of stock or other securities or property (including cash) of the successor corporation resulting from such merger or consolidation, to which the holder hereof as the holder of the stock deliverable upon exercise of this Warrant would have been entitled in such merger or consolidation if this Warrant had been exercised immediately before such transaction. In any such case, appropriate adjustment shall be made in the application of the provisions of this Warrant with respect to the rights and interests of the holder hereof as the holder of this Warrant after the merger or consolidation.

 

(b) Reclassification, Recapitalization, etc. If the Corporation at any time shall, by subdivision, combination or reclassification of securities, recapitalization, automatic conversion, or other similar event affecting the number or character of outstanding shares of Common Stock, or otherwise, change any of the securities as to which purchase rights under this Warrant exist into the same or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the purchase rights under this Warrant immediately prior to such subdivision, combination, reclassification or other change.

 

(c) Split or Combination of Common Stock and Stock Dividend. In case the Corporation shall at any time subdivide, redivide, recapitalize, split (forward or reverse) or change its outstanding shares of Common Stock into a greater number of shares or declare a dividend upon its Common Stock payable solely in shares of Common Stock, the Exercise Price shall be proportionately reduced and the number of Warrant Shares proportionately increased. Conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares, the Exercise Price shall be proportionately increased and the number of Warrant Shares proportionately reduced.

 

7. Legend and Stop Transfer Orders. Unless the Warrant Shares have been registered under the Securities Act, upon exercise of any part of the Warrant, the Corporation shall instruct its transfer agent to enter stop transfer orders with respect to such Warrant Shares, and all certificates or instruments representing the Warrant Shares shall bear on the face thereof substantially the following legend:

 

 

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THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER APPLICABLE SECURITIES LAWS AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED, OR OTHERWISE DISPOSED OF, EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.

 

 

8.Redemption of Warrant. This Warrant is subject to redemption by the Company as provided in this Section 8.

 

(a) This Warrant may be redeemed, at the option of the Company, in whole and not in part, at a redemption price of $.0001 per Warrant (the “Redemption Price”), provided (i) the average closing price of the Common Stock as quoted by Bloomberg, LP., or the Principal Trading Market (as defined below) on which the Common Stock is included for quotation or trading, shall equal or exceed $2.40 per share (taking into account all adjustments) for twenty (20) out of thirty (30) consecutive trading days. 

 

(b) If the conditions set forth in Section 8(a) are met, and the Company desires to exercise its right to redeem this Warrant, it shall mail a notice (the “Redemption Notice”) to the registered holder of this Warrant by first class mail, postage prepaid, at least ten (10) business days prior to the date fixed by the Company for redemption of the Warrants (the “Redemption Date”).

 

(c ) The Redemption Notice shall specify (i) the Redemption Price, (ii) the Redemption Date, (iii) the place where the Warrant certificates shall be delivered and the redemption price paid, and (iv) that the right to exercise this Warrant shall terminate at 5:00 p.m. (New York time) on the business day immediately preceding the Redemption Date. No failure to mail such notice nor any defect therein or in the mailing thereof shall affect the validity of the proceedings for such redemption except as to a holder (a) to whom notice was not mailed, or (b) whose notice was defective. An affidavit of the Secretary or an Assistant Secretary of the Company that the Redemption Notice has been mailed shall, in the absence of fraud, be prima facie evidence of the facts stated therein.

 

(d) Any right to exercise a Warrant shall terminate at 5:00 p.m. (New York time) on the business day immediately preceding the Redemption Date. On and after the Redemption Date, the holder of this Warrant shall have no further rights except to receive, upon surrender of this Warrant, the Redemption Price.

 

(e) From and after the Redemption Date, the Company shall, at the place specified in the Redemption Notice, upon presentation and surrender to the Company by or on behalf of the holder thereof the warrant certificates evidencing this Warrant being redeemed, deliver, or cause to be delivered to or upon the written order of such holder, a sum in cash equal to the Redemption Price of this Warrant. From and after the Redemption Date, this Warrant shall expire and become void and all rights hereunder and under the warrant certificates, except the right to receive payment of the Redemption Price, shall cease. 

 

9. Miscellaneous. This Warrant shall be governed by and construed in accordance with the laws of the State of New York. All the covenants and provisions of this Warrant by or for the benefit of the Corporation shall bind and inure to the benefit of its successors and assigns hereunder. Nothing in this Warrant shall be construed to give to any person or corporation other than the Corporation and the holder of this Warrant any legal or equitable right, remedy, or claim under this Warrant. This Warrant shall be for the sole and exclusive benefit of the Corporation and the Holder. The section headings herein are for convenience only and are not part of this Warrant and shall not affect the interpretation hereof. Upon receipt of evidence satisfactory to the Corporation of the loss, theft, destruction, or mutilation of this Warrant, and of indemnity reasonably satisfactory to the Corporation, if lost, stolen, or destroyed, and upon surrender and cancellation of this Warrant, if mutilated, the Corporation shall execute and deliver to the Holder a new Warrant of like date, tenor, and denomination.

 

 

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IN WITNESS WHEREOF, the Corporation has caused this Warrant to be executed by its duly authorized officers under its seal, this 20th day of May 2008.

	 	 	 
	 	 	NEOSTEM, INC.
	 

 	 

 	 

 
	 	 	/s/ Robin L. Smith
	 	

Robin L. Smith, Chairman & & Chief ExecutiveOfficer

 

 

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WARRANT EXERCISE FORM

 

To Be Executed by the Holder in Order to Exercise Warrant

 

To: NeoStem, Inc.      Dated: ________________ __, 20__

420 Lexington Avenue

Suite 450

New York, New York 10170

Attn: Chairman and CEO

 

The undersigned, pursuant to the provisions set forth in the attached Warrant No. ______, hereby irrevocably elects to purchase ____________ shares of the Common Stock of NeoStem, Inc. covered by such Warrant.

 

	 ̈  	
The undersigned herewith makes payment of the full purchase price for such shares at the price per share provided for in such Warrant. Such payment takes the form of $__________ in lawful money of the United States.

 

The undersigned hereby requests that certificates for the Warrant Shares purchased hereby be issued in the name of:

 

	           	 
	                	 
	
(please print or type name and address)

	 
	 	 
	    	 

(please insert social security or other identifying number)

 

and be delivered as follows:

 

	      	 
	      	 
	(please print or type name and address)	 
	 	 
	    	 

 

(please insert social security or other identifying number)

 

and if such number of shares of Common Stock shall not be all the shares evidenced by this Warrant Certificate, that a new Warrant for the balance of such shares be registered in the name of, and delivered to, Holder.

 

	 	 	 
	 	  	                
	 	Signature of Holder
	 	 
	 	SIGNATURE GUARANTEE:
	 	 
	 	                    

 

 

- 5 -

 

(To assign the foregoing warrant, execute

this form. Do not use this form to exercise the warrant.)

FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

 

	              	whose address is
	              
	                    

 

Dated: ________ __, 200_

	 	Holder’s Signature:	           
	 	Holder’s Address:	             
	 	 	                

 

 

Signature Guaranteed: __________________________

NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever, and must be guaranteed by a bank or trust Corporation. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

 

- 6 -

 

NET ISSUE ELECTION NOTICE

To Be Executed by the Registered Holder in Order to Make a Cashless Exercise of Underwriter Warrants

	TO:	
NeoStem, Inc.

420 Lexington Avenue

Suite 450

New York, NY 10170

Attention: Chairman and CEO

The undersigned hereby elects under Section 2.3.2 of the attached Underwriter Warrant No. ____, to surrender the right to purchase __________ shares of Common Stock pursuant to the Underwriter Warrant and hereby requests the issuance of the number of shares of Common Stock determined in accordance with Section 2.3.2.

The undersigned hereby requests that Certificates for the shares issuable upon such net issue election shall be issued in the name of:

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER

________________________________________

________________________________________

________________________________________

[please print or type name and address]

and be delivered to:

________________________________________

________________________________________

________________________________________

[please print or type name and address]

 

and if there shall be remaining Underwriter Warrants after such net issue election, that a new Underwriter Warrant Certificate for the balance of such Underwriter Warrants be registered in the name of, and delivered to, the Registered Holder at the address stated below.

Dated: ______________

X_________________________

___________________________

___________________________

___________________________

Address

___________________________

Taxpayer Identification Number

___________________________

Signature Guaranteed

 

 

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