Document:

Exhibit
10.36

 

THIS
WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”).
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH SECURITIES UNDER THE ACT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED.

 

RELIANT
TECHNOLOGIES, INC.

 

WARRANT
TO PURCHASE COMMON STOCK

 

	
  Warrant No. 48

  	
   

  	
  July 15, 2005

  

 

Void
After July 15, 2008

 

THIS
CERTIFIES THAT, for value received, Richard Fitzpatrick, or his assigns (the “Holder”), is
entitled to subscribe for and purchase at the Exercise Price (defined below)
from Reliant Technologies, Inc., a
Delaware corporation, with its principal office at 260 Sheridan Ave., Suite
300, Palo Alto, CA  94306 (the “Company”) up to 22,857 shares of Common Stock of the Company
(the “Common Stock”).

 

1.             DEFINITIONS. As
used herein, the following terms shall have the following respective meanings:

 

(a)                           “Exercise Period” shall
mean the period commencing with the date hereof and ending three years later,
unless sooner terminated as provided below.

 

(b)                           “Exercise Price” shall
mean $3.00 per share, subject to adjustment pursuant to Section 8 below.

 

(c)                           “Exercise Shares”
shall mean the shares of the Company’s Common Stock issuable upon exercise of
this Warrant, subject to adjustment pursuant to the terms herein, including but
not limited to adjustment pursuant to Section 8 below.

 

(d)                           “Change in Control” shall mean the occurrence, in a
single transaction or in a series of related transactions, of any one or more
of the following events:

 

(i)            any Entity becomes
the owner, directly or indirectly, of securities of the Company representing
more than fifty percent (50%) of the combined voting power of the Company’s
then outstanding securities other than by virtue of a merger, consolidation or
similar transaction. Notwithstanding the foregoing, a Change in Control shall
not be deemed to occur (A) on account of the acquisition of securities of the
Company by any institutional investor, any affiliate thereof or any other
Entity that acquires the Company’s securities in a transaction or series of
related transactions that are primarily a private financing transaction for the
Company or (B) solely because the level of ownership held by any Entity (the “Subject
Person”) exceeds the designated percentage threshold of the outstanding voting
securities as a result of a repurchase or other acquisition of voting
securities by the Company reducing the number of shares outstanding, provided
that if a Change in Control would occur (but for the operation of this
sentence) as a result of the acquisition of voting securities by the Company,
and after such

 

1

 

share acquisition, the
Subject Person becomes the owner of any additional voting securities that,
assuming the repurchase or other acquisition had not occurred, increases the
percentage of the then outstanding voting securities owned by the Subject
Person over the designated percentage threshold, then a Change in Control shall
be deemed to occur;

 

(ii)           there is
consummated a merger, consolidation or similar transaction involving (directly
or indirectly) the Company if, immediately after the consummation of such
merger, consolidation or similar transaction, the stockholders of the Company
immediately prior thereto do not own, directly or indirectly, either (A)
outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of
the surviving Entity in such merger, consolidation or similar transaction or
(B) more than fifty percent (50%)
of the combined outstanding voting power of the parent of the surviving Entity
in such merger, consolidation or similar transaction; or

 

(iii)         there is consummated
a sale, lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its subsidiaries, other than a sale,
lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its subsidiaries to an Entity, more than
fifty percent (50%) of the
combined voting power of the voting securities of which are owned by
stockholders of the Company in substantially the same proportion as their
ownership of the Company immediately prior to such sale, lease, license or
other disposition.

 

The term Change in
Control shall not include a sale of assets,
merger or other transaction effected exclusively for the purpose of changing
the domicile of the Company.

 

(e)           “Entity”
means a corporation, partnership or other entity, except that “Entity” shall
not include (A) the Company or any subsidiary of the Company, (B) an
underwriter temporarily holding securities pursuant to an offering of such securities,
or (C) an Entity owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of stock of
the Company.

 

2.             EXERCISE OF COMMON
STOCK UNDER THIS WARRANT. The right to purchase the shares of Common Stock
underlying this Warrant may be exercised in whole at any time, or in part from
time to time during the Exercise Period, by delivery of the following to the
Company at its address set forth above (or at such other address as it may
designate by notice in writing to the Holder):

 

(a)                           An
executed Notice of Exercise in the form attached hereto as Exhibit A;

 

(b)                           Payment
of the Exercise Price either (i) in cash or by check, or (ii) by cancellation
of indebtedness;  and

 

(c)                           This
Warrant; provided, however, in the case of a partial exercise of this Warrant,
the Company shall promptly issue a new Warrant (in the same form as this
Warrant) for the unexercised balance.

 

2

 

Upon the exercise of the right to purchase Common
Stock underlying this Warrant, a certificate or certificates for the Exercise
Shares so purchased, registered in the name of the Holder or persons affiliated
with the Holder, if the Holder so designates, shall be issued and delivered to the
Holder within a reasonable time; provided that payment of the income tax
withholding obligation, if any, related to the exercise of this Warrant must be
made by the Holder prior to the Company’s obligation pursuant to this paragraph
to deliver a stock certificate to the Holder representing the Exercise Shares.

 

The person in whose name any certificate or
certificates for Exercise Shares are to be issued upon exercise of this Warrant
shall be deemed to have become the holder of record of such shares on the date
on which this Warrant was surrendered and payment of the Exercise Price was
made, irrespective of the date of delivery of such certificate or certificates,
except that, if the date of such surrender and payment is a date when the stock
transfer books of the Company are closed, such person shall be deemed to have
become the holder of such shares at the close of business on the next
succeeding date on which the stock transfer books are open.

 

3.             NET EXERCISE OF
COMMON STOCK UNDER THIS WARRANT. Notwithstanding any provisions herein to
the contrary, if the fair market value of one Exercise Share is greater than
the Exercise Price (at the date of calculation as set forth below), in lieu of
exercising this Warrant by payment of cash, the Holder may elect to receive
shares equal to the value (as determined below) of this Warrant (or the portion
thereof being canceled) by surrender of this Warrant at the principal office of
the Company together with the properly endorsed Notice of Exercise in which
event the Company shall issue to the Holder a number of Exercise Shares
computed using the following formula:

 

X = Y (A-B)

A

 

Where    X =          the
number of Exercise Shares to be issued to the Holder

 

Y =          the number
of Exercise Shares purchasable under the Warrant or, if only a portion of the
Warrant is being exercised, that number of Exercise Shares purchasable under
the Warrant which are to be canceled (at the date of such calculation)

 

A =         the fair
market value of one Exercise Share (at the date of such calculation)

 

B =          Exercise
Price (as adjusted to the date of such calculation)

 

For purposes of the above
calculation, the fair market value of one Exercise Share shall be determined by
the Company’s Board of Directors in good faith; provided, however, that in the
event that this Warrant is exercised pursuant to this Section 3 in
connection with the Company’s initial public offering of its Common Stock, the
fair market value per share shall be the per share offering price to the public
of the Company’s initial public offering.

 

3

 

4.             COVENANTS OF THE
COMPANY.

 

4.1          Covenants as to Exercise
Shares. The Company covenants and agrees that all Exercise Shares that may
be issued upon the exercise of the rights represented by this Warrant will,
upon issuance, be validly issued and outstanding, fully paid and nonassessable,
and free from all taxes, liens and charges with respect to the issuance thereof.
The Company further covenants and agrees that the Company will at all times
during the Exercise Period, have authorized and reserved, free from preemptive
rights, a sufficient number of shares of its Common Stock to provide for the
exercise of the rights represented by this Warrant. If at any time during the
Exercise Period the number of authorized but unissued shares of Common Stock
shall not be sufficient to permit exercise of this Warrant, the Company will
take such corporate action as may, in the opinion of its counsel, be necessary
to increase its authorized but unissued shares of Common Stock to such number
of shares as shall be sufficient for such purposes.

 

4.2          No Impairment. Except
and to the extent as waived or consented to by the Holder, the Company will
not, by amendment of its Certificate
of Incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any
of the terms to be observed or performed hereunder by the Company, but will at
all times in good faith assist in the carrying out of all the provisions of
this Warrant and in the taking of all such action as may be necessary or
appropriate in order to protect the exercise rights of the Holder against
impairment.

 

4.3          Notices of Record Date. In
the event of any taking by the Company of a record of the holders of any class
of securities for the purpose of determining the holders thereof who are
entitled to receive any dividend (other than a cash dividend which is the same
as cash dividends paid in previous quarters) or other distribution, the Company
shall mail to the Holder, at least ten (10) days prior to the date specified
herein, a notice specifying the date on which any such record is to be taken
for the purpose of such dividend or distribution.

 

5.             REPRESENTATIONS OF
HOLDER.

 

5.1          Acquisition of Warrant
for Personal Account. The Holder represents and warrants that it is
acquiring the Warrant and the Exercise Shares solely for its account for
investment and not with a view to or for sale or distribution of said Warrant
or Exercise Shares or any part thereof. The Holder also represents that the
entire legal and beneficial interests of the Warrant and Exercise Shares the
Holder is acquiring is being acquired for, and will be held for, its account
only.

 

5.2          Securities Are Not
Registered.

 

(a)           The Holder
understands that the Warrant and the Exercise Shares have not been registered
under the Act on the basis that no distribution or public offering of the stock
of the Company is to be effected. The Holder realizes that the basis for the
exemption may not be present if, notwithstanding its representations, the
Holder has a present intention of acquiring the securities for a fixed or
determinable period in the future, selling (in connection

 

4

 

with a distribution or
otherwise), granting any participation in, or otherwise distributing the
securities. The Holder has no such present intention.

 

(b)           The Holder
recognizes that the Warrant and the Exercise Shares must be held indefinitely
unless they are subsequently registered under the Act or an exemption from such
registration is available. The Holder recognizes that the Company has no
obligation to register the Warrant or the Exercise Shares of the Company, or to
comply with any exemption from such registration.

 

(c)           The Holder is aware
that neither the Warrant nor the Exercise Shares may be sold pursuant to Rule
144 adopted under the Act unless certain conditions are met, including, among
other things, the existence of a public market for the shares, the availability
of certain current public information about the Company, the resale following
the required holding period under Rule 144 and the number of shares being sold
during any three month period not exceeding specified limitations. Holder is
aware that the conditions for resale set forth in Rule 144 have not been
satisfied and that the Company presently has no plans to satisfy these
conditions in the foreseeable future.

 

5.3          Disposition of Warrant
and Exercise Shares.

 

(a)           The Holder further
agrees not to make any disposition of all or any part of the Warrant or
Exercise Shares in any event unless and until:

 

(i)            The Company shall
have received a letter secured by the Holder from the Securities and Exchange
Commission stating that no action will be recommended to the Commission with
respect to the proposed disposition;

 

(ii)           There is then in
effect a registration statement under the Act covering such proposed
disposition and such disposition is made in accordance with said registration
statement; or

 

(iii)         The Holder shall have
notified the Company of the proposed disposition and shall have furnished the
Company with a detailed statement of the circumstances surrounding the proposed
disposition, and if reasonably requested by the Company, the Holder shall have
furnished the Company with an opinion of counsel, reasonably satisfactory to
the Company, for the Holder to the effect that such disposition will not
require registration of such Warrant or Exercise Shares under the Act or any
applicable state securities laws.

 

(b)           The Holder
understands and agrees that all certificates evidencing the shares to be issued
to the Holder may bear the following legend:

 

THESE SECURITIES HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT
BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT OR AN
OPINION OF COUNSEL

 

5

 

SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

6.             ADJUSTMENT OF
EXERCISE PRICE. In the event of changes in the outstanding Common Stock of
the Company by reason of stock dividends, split-ups, recapitalizations,
reclassifications, combinations or exchanges of shares, separations,
reorganizations, liquidations, or the like, the number and class of shares
available under the Warrant in the aggregate and the Exercise Price shall be
correspondingly adjusted to give the Holder of the Warrant, on exercise for the
same aggregate Exercise Price, the total number, class, and kind of shares as
the Holder would have owned had the Warrant been exercised prior to the event
and had the Holder continued to hold such shares until after the event
requiring adjustment; provided, however, that such adjustment shall not be made
with respect to, and this Warrant shall terminate if not exercised prior to,
the events set forth in Section 8 below. The form of this Warrant need not
be changed because of any adjustment in the number of Exercise Shares subject
to this Warrant.

 

7.             FRACTIONAL SHARES. No
fractional shares shall be issued upon the exercise of this Warrant as a
consequence of any adjustment pursuant hereto. All Exercise Shares (including
fractions) issuable upon exercise of this Warrant may be aggregated for
purposes of determining whether the exercise would result in the issuance of
any fractional share. If, after aggregation, the exercise would result in the
issuance of a fractional share, the Company shall, in lieu of issuance of any
fractional share, pay the Holder otherwise entitled to such fraction a sum in
cash equal to the product resulting from multiplying the then current fair
market value of an Exercise Share by such fraction.

 

8.             EARLY TERMINATION. In the event of
a Change in Control, any surviving corporation or acquiring corporation may
assume or continue this Warrant or may substitute a similar Warrant for this
Warrant (it being understood that a similar Warrant shall include, but shall
not be limited to, a Warrant to acquire the same consideration paid to the
stockholders or the Company, as the case may be, pursuant to the Change in Control),
and any reacquisition or repurchase rights held by the Company in respect of
Common Stock issued pursuant to the Warrant may be assigned by the Company to
the successor of the Company (or such successor’s parent company), if any, in
connection with such Change in Control. In the event that any surviving
corporation or acquiring corporation does not assume or continue this Warrant
or substitute a similar Warrant for this Warrant, then this Warrant shall
terminate if not exercised (if applicable) at or prior to the consummation of
such Change in Control, and any reacquisition or repurchase rights held by the
Company with respect to Common Stock issued pursuant to the Warrant shall
(contingent upon the consummation of the Change in Control) lapse. The Company
shall provide to the Holder twenty (20) days advance written notice of such
consummation of a Change in Control.

 

9.             MARKET STAND-OFF
AGREEMENT. Holder shall not sell, dispose of, transfer, make any short sale
of, grant any option for the purchase of, or enter into any hedging or similar
transaction with the same economic effect as a sale, any Common Stock (or other
securities) of the Company held by Holder, for a period of time specified by
the managing underwriter(s) (not to exceed one hundred eighty (180) days)
following the effective date of a registration statement of the Company filed
under the Act for the initial public offering of the Company’s common stock. Holder
agrees to execute and deliver such other agreements as may be reasonably

 

6

 

requested by the Company
and/or the managing underwriter(s) which are consistent with the foregoing or
which are necessary to give further effect thereto. In order to enforce the
foregoing covenant, the Company may impose stop-transfer instructions with
respect to such Common Stock (or other securities) until the end of such period.
The underwriters of the Company’s stock are intended third party beneficiaries
of this Section 9 and shall have the right, power and authority to enforce the
provisions hereof as though they were a party hereto.

 

10.          NO STOCKHOLDER RIGHTS. This
Warrant in and of itself shall not entitle the Holder to any voting rights or
other rights as a stockholder of the Company.

 

11.          TRANSFER OF WARRANT. Subject
to applicable laws and the restriction on transfer set forth on the first page
of this Warrant, this Warrant and all rights hereunder are transferable, by the
Holder in person or by duly authorized attorney, upon delivery of this Warrant
and the form of assignment attached hereto as Exhibit
B to any transferee designated by Holder. The transferee shall sign
an investment letter in form and substance satisfactory to the Company that
includes, among other things, transferee’s agreement to be bound by all of the
terms and conditions by which Holder is bound.

 

12.          LOST, STOLEN, MUTILATED
OR DESTROYED WARRANT. If this Warrant is lost, stolen, mutilated or
destroyed, the Company may, on such terms as to indemnity or otherwise as it
may reasonably impose (which shall, in the case of a mutilated Warrant, include
the surrender thereof), issue a new Warrant of like denomination and tenor as
the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall
constitute an original contractual obligation of the Company, whether or not
the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time
enforceable by anyone.

 

13.          NOTICES, ETC. All
notices required or permitted hereunder shall be in writing and shall be deemed
effectively given: (a) upon personal delivery to the party to be notified,
(b) when sent by confirmed telex or facsimile if sent during normal
business hours of the recipient, if not, then on the next business day,
(c) five (5) days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (d) one (1) day after
deposit with a nationally recognized overnight courier, specifying next day
delivery, with written verification of receipt. All communications shall be
sent to the Company at the address listed on the signature page and to Holder at
the last known address for the Holder maintained in the Company’s records, or
at such other address as the Company or Holder may designate by ten (10) days
advance written notice to the other parties hereto.

 

14.          ACCEPTANCE. Receipt
of this Warrant by the Holder shall constitute acceptance of and agreement to
all of the terms and conditions contained herein.

 

15.          GOVERNING LAW. This
Warrant and all rights, obligations and liabilities hereunder shall be governed
by the laws of the State of California.

 

7

 

IN WITNESS WHEREOF, the Company
has caused this Warrant to be executed by its duly authorized officer as of July
15, 2005.

 

 

	
   

  	
  RELIANT
  TECHNOLOGIES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Dennis Condon

  
	
   

  	
   

  	
  Dennis Condon

  
	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
  260 Sheridan Avenue

  
	
   

  	
   

  	
  Suite 300

  
	
   

  	
   

  	
  Palo Alto, CA
  94306

  
				

 

8

 

EXHIBIT
A

 

NOTICE
OF EXERCISE

 

TO:  RELIANT
TECHNOLOGIES, INC.

 

(1)           The undersigned hereby elects to purchase                
shares of Common Stock of Reliant
Technologies, Inc. (the “Company”) pursuant to the terms of the attached
Warrant, and tenders herewith payment of the exercise price in full.

 

(2)           Please issue a certificate or certificates
representing said shares of Common Stock in the name of the undersigned or in
such other name as is specified below:

 

 

(Name)

 

 

(Address)

 

(3)           The undersigned represents that (i) the
aforesaid shares of Common Stock are being acquired for the account of the
undersigned for investment and not with a view to, or for resale in connection
with, the distribution thereof and that the undersigned has no present
intention of distributing or reselling such shares; (ii) the undersigned is
aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and
knowledgeable decision regarding its investment in the Company; (iii) the
undersigned is experienced in making investments of this type and has such
knowledge and background in financial and business matters that the undersigned
is capable of evaluating the merits and risks of this investment and protecting
the undersigned’s own interests; (iv) the undersigned understands that the
shares of Common Stock issuable upon exercise of this Warrant have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”), by
reason of a specific exemption from the registration provisions of the
Securities Act, which exemption depends upon, among other things, the bona fide
nature of the investment intent as expressed herein, and, because such
securities have not been registered under the Securities Act, they must be held
indefinitely unless subsequently registered under the Securities Act or an exemption
from such registration is available; (v) the undersigned is aware that the
aforesaid shares of Common Stock may not be sold pursuant to Rule 144 adopted
under the Securities Act unless certain conditions are met and until the
undersigned has held the shares for the number of years prescribed by Rule 144,
that among the conditions for use of the Rule is the availability of current
information to the public about the Company and the Company has not made such
information available and has no present plans to do so; and (vi) the
undersigned agrees not to make any disposition of all or any part of the
aforesaid shares of Common Stock unless and until there is then in effect a
registration statement under the Securities Act covering such proposed
disposition and such disposition is made in accordance with said registration
statement, or the undersigned has provided the Company with an opinion of
counsel satisfactory to the Company, stating that such registration is not
required.

 

	
   

  	
   

  	
   

  
	
  (Date)

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Print name)

  

 

 

EXHIBIT
B

 

ASSIGNMENT
FORM

 

(To assign the foregoing
Warrant, execute this form and supply required information. Do not use this
form to purchase shares.)

 

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

 

	
  Name:

  	
   

  
	
  (Please Print)

  
	
   

  
	
  Address:

  	
   

  
	
  (Please Print)

  
	
   

  
	
  Dated:                         ,
  20   

  
	
   

  	
   

  
	
  Holder’s

  
	
  Signature:

  	
   

  	
   

  
	
   

  
	
  Holder’s

  
	
  Address:

  	
   

  	
   

  
					

 

The assignment of this Warrant and/or the transfer of any shares of
common stock underlying this warrant shall be subject to compliance with all
applicable securities laws and delivery by the assignee/transferee of an
investment letter in form and substance satisfactory to the Company that
requires, among other things, that assignee be bound by all terms and
conditions by which Holder is bound.

 

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 whatever. Officers of corporations and
those acting in a fiduciary or other representative capacity should file proper
evidence of authority to assign the foregoing Warrant.

 

 

RELIANT
TECHNOLOGIES, INC.

 

FIRST
AMENDMENT TO WARRANT TO PURCHASE COMMON STOCK

 

This FIRST AMENDMENT TO WARRANT
TO PURCHASE COMMON STOCK (this “Amendment”),
is made and entered into as of the 27th day of September, 2007 (the “Amendment Date”) by and between
Reliant Technologies, Inc, a Delaware corporation (the “Company”)
and the undersigned warrant holder (the “Holder”).

 

RECITALS

 

WHEREAS, the Holder is the
holder of the warrant dated July 15, 2005 and designated as Warrant No. 48 (the
“Warrant”); and

 

WHEREAS, the Company desires to
offer and the Holder wishes to accept the Company’s offer to amend the Warrant
with terms that are intended to avoid the potential adverse tax consequences
associated with the Warrant under Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”);
and

 

WHEREAS, the
Company and the Holder desire to amend the Warrant as provided herein.

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the undersigned parties hereby
agree as follows:

 

16.          Section 1,
subsection (b) is hereby amended and restated in its entirety to read as
follows:

 

“Exercise Price”
shall mean $4.41 per share, subject to adjustment pursuant to Section 2 below.”

 

17.          Section 8 is hereby
amended and restated in its entirety to read as follows:

 

“EARLY TERMINATION. In
the event of that a Change in Control, any surviving corporation or acquiring
corporation may assume or continue this Warrant or may substitute a similar
Warrant for this Warrant (it being understood that a similar Warrant shall
include, but shall not be limited to, a Warrant to acquire the same
consideration paid to the stockholders or the Company, as the case may be,
pursuant to the Change in Control), and any reacquisition or repurchase rights
held by the Company in respect of Common Stock issued pursuant to the Warrant
may be assigned by the Company to the successor of the Company (or such
successor’s parent company), if any, in connection with such Change in Control.
In the event that a Change in Control is a 409A Change in Control Event (the “Exempt
Corporate Transaction”) and any surviving corporation or acquiring corporation
does not assume or continue this Warrant or substitute a similar Warrant for
this Warrant, then the vesting of this Warrant shall accelerate in full and
this Warrant shall terminate if not exercised (if applicable) at or prior to
the consummation of such Exempt Corporate Transaction, and any

 

 

reacquisition or
repurchase rights held by the Company with respect to Common Stock issued
pursuant to the Warrant shall (contingent upon the consummation of the Exempt
Corporate Transaction) lapse. In the event that a Change in Control is not a
409A Change in Control Event (the “Non-Exempt Corporate Transaction”) and any
surviving corporation or acquiring corporation does not assume or continue this
Warrant or substitute a similar Warrant for this Warrant, then the vesting of
this Warrant shall not accelerate and this Warrant shall terminate if not
exercised (if applicable) at or prior to the consummation of such Non-Exempt
Corporate Transaction, and any reacquisition or repurchase rights held by the
Company with respect to Common Stock issued pursuant to the Warrant shall
(contingent upon the consummation of the Non-Exempt Corporate Transaction)
lapse. The Company shall provide to the Holder twenty (20) days advance written
notice of such termination of this Warrant the consummation of either an Exempt
Corporate Transaction or a Non-Exempt Corporate Transaction.”

 

18.          Except as expressly
amended by this Amendment, the terms and conditions of the Warrant remain in
full force and effect.

 

19.          This Amendment
covers all of the shares of Common Stock subject to the Warrant. Holder
acknowledges that effective as of the Amendment Date, this Amendment, together
with the Warrant, sets forth the entire understanding between Holder and the
Company regarding the Warrant.

 

20.          This Amendment may
be executed by facsimile signature and multiple counterparts, each of which
shall be considered an original and all of which shall constitute one and the same
instrument, notwithstanding that all parties are not signatures to the same
counterpart.

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment
effective as of the Amendment Date.

 

	
  RELIANT
  TECHNOLOGIES, INC.

  	
  RICHARD
  FITZPATRICK

  
	
   

  	
   

  
	
  By:

  	
   /s/ Eric Stang

  	
   

  	
  /s/ Richard
  Fitzpatrick

  
	
  Signature

  	
  Signature

  
	
   

  	
   

  
	
  Title:

  	
   President and CEO

  	
   

  	
  Date:

  	
  September 27,
  2007

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  September 11,
  2007Filed by Automated Filing Services Inc. (604) 609-0244 - Global Energy, Inc.

LAND LEASE AGREEMENT MADE BETWEEN SOUTHERN

NATIONS NATIONALITIES PEOPLE'S REGIONAL STATE,
GAMO
GOFA ZONE, AND GLOBAL ENERGY ETHIOPIA PLC

Whereas, the Southern Nations Nationalities People's
Regional State (“SNNPRS”), Address: _________, Tel: __________, Fax: __________,
P.O. Box: ____, (hereafter called the LESSOR) has granted its consent and
approval to the request made by Global Energy Ethiopia, Private Limited Company,
Address: Addis Ababa, at Kirkos Sub-City, Kebele 02, House No 171, Tel:
_____________(hereafter called "The LESSEE”) to 15 hectares of Rural Land
situated in the Southern Nations Nationalities People's Regional State, Gamu
Gofa Zone, Kucha Woreda, (hereinafter Leased Land) described as follows: 

15 hectares of Rural Land located in Gamu Gofa Zone, Kucha
Woreda, Peasant Association _______in a certain locality named ________
(as shown in the attached map which is an integral part of this Agreement)
whose topography and physical characteristics are suitable for building and
further operation of an Oil Mill and Cake Extraction Factory as well as for the
erection of residential, warehousing and administrative facilities; 

Whereas, the Lessor represents and warrants that it is
empowered by the Southern Nations, Nationalities and People's Regional State
Investment Administration Proclamation No. 81/96, Article 18/21; 

Whereas, the Lessee requires the Leased Land for purposes of
  building an oil mill factory for the processing of the castor, jatropha and
  other oil seeds.

NOW THEREFORE, the parties have executed this Land Lease
Agreement on this 5th day of October 2007 under the terms and conditions
indicated herein below. 

	1. 	
      Period of the Land Lease and Payment Rate of the
      Land Lease

	 	 	 	 
		1.1 	
      This Land Lease Agreement is made for a period of 50
      (fifty) years.

	 	 	 	 
		1.2 	
      Land rental Payment Procedure:

	 	 	 	 
			1.2.1 	
      The rental payment for the rural land indicated in the
      first Preamble of this Agreement shall be Birr 47 (forty seven) or Birr 78
      (seventy eight) per hectare per year, depending the Leased Land will be
      defined as second or first class land respectively.

	 	 	 	 
			1.2.2 	
      Lessee shall pay no compensation for land to be used for
      factory site as described in the first Preamble of this Land Lease
      Agreement.

	 	 	 	 
	2. 	
      Rights of the Lessee

	 	 	 	 
		
      The Lessee has the right to:

	 	 	 	 
		2.1 	
      establish offices, residential premises, fuel stations,
      health and educational centres for its operation and staff workers and
      such other related facilities

	 	 	 	 
		2.2 	
      develop and administer the land;

	 	 	 	 
		2.3 	
      build infrastructures such as dams, water boreholes,
      irrigation systems, drainage systems, roads, bridges, oil extraction
      facilities and refineries and all other buildings necessary and essential
      for its activities;

	 	 	 	 
		2.4 	
      Have free access to and use of water resources on, under,
      nearby and adjacent to the land in cooperation with the local
    farmers;

	3. 	
      Obligations of the Lessee

	 	 
		
      3.1 
	The Lessee is expected to develop completely the whole
      of the land allocated within three (3) years. If no development
      process is carried out within a period of three (3) years from the date of
      execution of this Land Lease Agreement, then the undeveloped land shall be
      repossessed by the Lessor by giving six (6) months advance written notice
      to abandon the Leased Land. Rental payment, where applicable, for the year
      shall be calculated on a pro rata basis for the land repossessed by the
      Lessor. 

	 	3.2 	
      The Lessee, shall, upon expiry of the Lease, or
      termination thereof, remove its properties from the land in a systematic
      manner and deliver the land back to the Lessor within no more than six
      months.

	 	 	 
	 	3.3 	
      The Lessee has the right to implement the project in
      accordance with its own operational plans without interference or approval
      by any governmental authority.

	 	 	 
	 	3.4 	
      The Lessee has the obligation to settle the current
      annual land lease rent to the District Revenue Office in which the
      land is found during the period from the beginning of January up to the
      month of June of each calendar year.

	 	 	 
	 	3.5 	
      The resources found on the land such as trees, stones,
      sand etc. belong to the Lessor, it being understood that the Lessee has
      the full right to use any of the said resources free of charge for the
      purposes of creating infrastructure such as buildings, roads, canals, dams
      etc. within and adjacent to the area of the Leased Land, under completion
      of legal regulations.

		3.6 	
      The Lessee affirms that the principal objective of this
      lease is for processing of oil crops.

	 	 	 	 
	4. 	
      Rights of the Lessor

	 	 	 	 
		4.1 	
      The Lessor has the right to:

	 	 	 	 
			(a) 	
      monitor and establish the fact that the Lessee is
      discharging and accomplishing its obligations diligently;

	 	 	 	 
			(b) 	
      cancel the Lease due to failure of the Lessee to
      discharge its material obligations under this Land Lease Agreement,
      provided however that Lessee is given a one year prior notice and fails to
      cure such failure within such one year period.

	 	 	 	 
		4.2 	
      The right of the Lessor under Article 4.1(a) above shall
      be exercised and performed in a manner that does not cause any hindrance
      to the work activities of the Lessee.

	 	 	 	 
	5. 	
      Obligation of the Lessor

	 	 	 	 
		5.1 	
      The Lessor shall be obliged to deliver and handover the
      leased Land to the Lessee within ten (10) days from the date of execution
      of this Land Lease Agreement.

	 	 	 	 
		5.2 	
      In view of the importance of the proposed major
      investment, the Lessor undertakes to provide special investment privileges
      such as exemptions from taxation, import duties of capital goods
  and

		
      repatriation of capital and profits under the investment
      laws of Ethiopia.

	 	 	 
	6. 	
      Delivery of the Lease Land

	 	 	 
		6.1 	
      The Lessor shall, deliver to the Lessee the site plan or
      plans and the title certificate or certificates of the land.

	 	 	 
		6.2 	
      If the delivery process cannot be affected due to any
      reason caused on the part of the Lessee, the Lessor shall not assume any
      responsibility for such failure.

	 	 	 
	7. 	
      Contract Amendment and Renewal

	 	 	 
		7.1 	
      This Land Lease Agreement can be renewed or amended by
      the mutual agreement of the parties.

	 	 	 
		7.2 	
      If the Lessee wishes to renew the Agreement, it shall
      inform the Lessor at least twelve (12) months before the expiration of the
      contract period.

	 	 	 
	8. 	
      Grounds for Contract
  Termination

This rural Land Lease Agreement may be
terminated for the following reasons, namely: 

	 	(a) 	
      Upon the failure of the Lessor to deliver the land to the
      Lessee due to causes other than force majeure.

	 	 	 
	 	(b) 	
      Upon the failure of the Lessee to either undertake the
      work activity or develop in accordance with article 3.1 of this Lease
      Agreement.

	 	(c) 	
      Upon the failure of the Lessee to settle the annual
      rental payments for two consecutive years.

	9. 	
      Contract Termination Procedure

	 	 	 
		9.1 	
      Following the termination of this Land Lease Agreement,
      the Lessee shall surrender the land back to the Lessor within six (6)
      months from the date of termination.

	 	 	 
		9.2 	
      The party terminating the Lease shall give at least six
      (6) months advance written notice to the other party.

	 	 	 
		9.3 	
      The notice to be given by the Lessor to the Lessee shall
      take into consideration the period required for the collection of any
      product left on the land.

	 	 	 
	10. 	
      Registration

	 	 	 
		
      This Land Lease Agreement shall be approved by the
      relevant Authorities following the signing of the contract by the two
      contracting parities. If no such approval is forthcoming within the thirty
      (30) days from date of execution of the present Land Lease Agreement the
      said Agreement shall be deemed approved by the said relevant
      Authorities.

	 	 	 
	11. 	
      Governing Law

		
      The governing law for operations under this Agreement
      shall be the laws of Ethiopia, provided that the provisions of
      Administrative Contracts within the meaning of the Civil Code of 1960
      shall not apply.

	 	 	 
	12. 	
      Force Majeure

	 	 	 
		12.1 	
      The parties hereto shall be excused from performance
      hereunder if and so long as and to the extent that failure or delay in
      performance is due to fire, flood, strikes in Ethiopia, lockout, accident,
      epidemic , act of God, war, insurrection, riot, inability or delay in
      obtaining or transporting materials, equipment, supplies, act, order,
      rules or regulations of governments other than the Federal and/or Regional
      Governments of Ethiopia or any other cause whether similar, dissimilar,
      foreseen or unforeseen which a party is unable to overcome by the exercise
      of reasonable diligence and at a reasonable cost, and further without
      limitation, but applying only to the Lessee, act, rules or regulations or
      orders of the relevant government or any public authority in Ethiopia
      which may create delay despite good faith attempts to comply, which causes
      are referred to in this Agreement as causes or reasons of “force
      majeure”. The time within which the party affected may do or perform
      any act or thing shall be extended for a period equivalent to the period
      during which any of such force majeure causes shall exist.

	 	 	 
		12.2 	
      Within thirty (30) days after any of said causes shall
      have commenced to operate and within thirty (30) days after any of said
      causes shall have ceased to operate, the party claiming the benefits of
      this Article shall give the other party notice of the fact that such cause
      has commenced to operate and the date of such commencement, or such
      cessation, as the case may be, unless by

reason of the existence of such cause
said party is unable by reasonable diligence to do so, in which event said
notice shall be given as soon as is permitted by the exercise of reasonable
diligence. The existence of causes specified in this Article shall not
constitute excuse or failure of performance unless said notice is given as
provided herein. 

	13. 	
      Covenant of Peaceful Possession

	 	 
		
      The Lessor warrants that it has full ownership and
      property rights in the Leased Area for the granting of this Land Lease
      Agreement and shall protect the right of the Lessee to the peaceful
      possession and quite enjoyment thereof.

	 	 
	14. 	
      Controlling Calendar

	 	 
		
      The Gregorian calendar shall be used and shall be
      controlling for the purpose of this Agreement.

	 	 
		
      15. Schedules for the Development of the
      Land

	 	 
		
      The Lessee currently anticipates to develop the land as
      per Schedule II attached with this Land Lease Agreement although it is
      recognised that a large-scale land development project, such as that
      presently envisaged, might encounter unexpected problems that could cause
      unforeseen delays. Accordingly (and without precluding schedule
      adjustments due to other unexpected problems), on or about the first
      anniversary of this Land Lease Agreement, the Lessee may review the Land
      Development Schedule attached hereto, such that it will reflect
      anticipated schedule based upon experience gained at such point of time in
      the project.

	16. 	
      Settlement of
Disputes

In the event of a dispute arising
between the Lessor and the Lessee in connection with this Land Lease Agreement,
both parties will do their utmost to resolve the dispute amicably and to their
mutual satisfaction and if they are unable to achieve such a settlement the
dispute shall be resolved by arbitration in accordance with the Rules of the
International Chamber of Commerce. 

	17. 	
      Language

	 	 	 
		
      This Agreement has been executed between the parties in
      the English language.

	 	 	 
	18. 	
      Office and Notices

	 	 	 
		(a) 	
      The Lessee shall establish and maintain an office in
      Ethiopia as may be necessary or convenient for carrying out operations
      hereunder.

	 	 	 
		(b) 	
      All communications and notice required to be sent by one
      party hereto to the other shall be in writing in the English language and
      shall be delivered in person or sent by mail at address indicated in the
      Preamble of this Agreement.

	 	 	 
	19. 	
      Effective Date of the
  Contract

This Land Lease Agreement shall come
into force as of its date of execution. 

This Land Lease Agreement shall be effective
  upon the written approval of Kucha Woreda Government (to be included as Appendix
  II of this agreement) in which the Leased Land area are located.

Appendixes:

	1. 	 Maps of the Leased Land – Schedule I

	2. 	 Approval of Kucha Woreda

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]