Document:

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                                                                     EXHIBIT 4.7

                         JONES MEDICAL INDUSTRIES, INC.

                            1997 INCENTIVE STOCK PLAN

         The 1997 Incentive Stock Plan ("1997 ISP") of Jones Medical Industries,
Inc. (the "Company") is established to encourage eligible employees of the
Company, and its subsidiaries to acquire Common Stock in the Company. It is
believed that the 1997 ISP will (i) stimulate employees' efforts on the
Company's behalf, (ii) tend to maintain and strengthen their desire to remain
with the Company, (iii) be in the interest of the Company and its Stockholders,
and (iv) encourage such employees to have a greater personal financial
investment in the Company through ownership of its Common Stock.

1.       ADMINISTRATION

         The 1997 ISP shall be administered by the Compensation Committee of the
Board of Directors of the Company (the "Committee"); provided, however, that for
purposes of the ISP there shall be excluded from such Committee any member who
is not a "disinterested person" under Rule 16b-3 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). The Committee is authorized, subject
to the provisions of the 1997 ISP, to establish such rules and regulations as it
deems necessary for the proper administration of the 1997 ISP, and to make such
determinations and to take such action in connection therewith or in relation to
the 1997 ISP as it deems necessary or advisable, consistent with the 1997 ISP.
The Committee may delegate some or all of its power and authority hereunder to
the Chief Executive Officer or other senior member of management as the
Committee deems appropriate; provided however, that the Committee may not
delegate its authority with regard to any matter or action affecting an officer
subject to Section 16 of the Exchange Act.

         For the purpose of this section and all subsequent sections, the 1997
ISP shall be deemed to include this plan and any comparable sub-plans
established by subsidiaries which, in the aggregate, shall constitute one plan
governed by the terms set forth herein.

2.       ELIGIBILITY

         Regular full-time employees of the Company and its subsidiaries,
including officers, whether or not directors of the Company, shall be eligible
to participate in the 1997 ISP ("Eligible Employees") if designated by the
Committee or its delegate. Those directors who are not regular employees are not
eligible. It is intended that awards will be made principally to those employees
who are officers or key employees of the Company or a subsidiary, including
executive officers subject to Section 16 of the Exchange Act, and who are in a
position to have significant impact or achievement of the Company's long term
objectives.

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3.       INCENTIVES

         Incentives under the ISP may be granted in any one or a combination of
(i) Incentive Stock Options (or other statutory stock options); (ii)
Nonqualified Stock Options; (iii) Performance Share Awards; and (iv) Restricted
Stock Grants (collectively "Incentives"). All Incentives shall be subject to the
terms and conditions set forth herein and to such other terms and conditions as
may be established by the Committee. Determinations by the Committee under the
ISP including without limitation, determinations of the Eligible Employees, the
form, amount and timing of Incentives, the terms and provisions of Incentives,
and the agreements evidencing Incentives, need not be uniform and may be made
selectively among Eligible Employees who receive, or are eligible to receive,
Incentives hereunder, whether or not such Eligible Employees are similarly
situated.

4.       SHARES AVAILABLE FOR INCENTIVES

         (a) Shares Subject to Issuance or Transfer. There is hereby reserved
for issuance under the 1997 ISP an aggregate of 1,000,000 shares of the
Company's Common Stock ("Common Stock).

         In the event of a lapse, expiration, termination or cancellation of any
Incentive granted under the 1997 ISP without the issuance of shares or payment
of cash, or if shares are issued under a Restricted Stock Grant hereunder and
are reacquired by the Company pursuant to rights reserved upon the issuance
thereof, the shares subject to or reserved for such Incentive may again be used
for new Incentives hereunder; provided that in no event may the number of shares
issued hereunder exceed the total number of shares reserved for issuance.

         (b) Limitations on Individual Awards. In any given year, no eligible
employee may be granted Incentives covering more than two and one-half percent
(2.5%) of the number of fully-diluted shares of the Company's Common Stock
outstanding as of the first business day of the Company's fiscal year.

         (c) Recapitalization Adjustment. In the event of a reorganization,
recapitalization, stock split, stock dividend, combination of shares, merger,
consolidation, rights offering, or any other change in the corporate structure
or shares of the Company, the Committee shall make such adjustment, if any, as
it may deem appropriate in the number and kind of shares authorized by the ISP,
in the number and kind of shares covered by Incentives granted, and, in the case
of Stock Options, in the option price.

5.       STOCK OPTIONS

         The Committee may grant options qualifying as Incentive Stock Options
under the Internal Revenue Code of 1986, as amended or any successor code
thereto (the "Code"), other statutory options under the Code, and Nonqualified
Options (collectively "Stock Options"), and such Stock Options shall be subject
to the following terms and conditions and such other terms and conditions as the
Committee may prescribe:

         (a) Option Price. The option price per share with respect to each Stock
Option shall be determined by the Committee, but shall not be less than 90% of
the fair market value of the Common Stock on the date the Stock Option is
granted, as determined by the Committee; provided, however, that the option
price per share with respect to each Incentive Stock Option shall not be less
than 100% of the fair market value of the Common Stock on the date the Incentive
Stock Option is granted, as determined by the Committee; and provided further
that the option price per share with respect to any Incentive Stock Option
granted to a person deemed to own more than ten percent (10%) of the Company's
outstanding Common Stock shall not be less than 110% of the fair market value of
the Common Stock on the date the Option is granted. During any period in which
the Common Stock is listed for trading on a registered national securities
exchange or on the NASDAQ National Market System, the fair market value shall be
based on the average or closing price (or bid and asked prices, as appropriate)
on the date of grant.

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         (b) Period of Option. The period of each Stock Option shall be fixed by
the Committee, except that (i) every Incentive Stock Option granted shall be
exercisable not more than ten (10) years after the date so granted, and (ii) no
Incentive Stock Option granted to a person deemed to own more than ten percent
(10%) of the Company's outstanding Common Stock shall be exercisable after the
fifth anniversary of the date of grant of such Incentive Stock Option.

         (c) Payment. The option price shall be payable at the time the Stock
Option is exercised in cash or, at the discretion of the Committee, in whole or
in part in the form of shares of Common Stock already owned by the grantee
(based on the fair market value of the Common Stock on the date the option is
exercised as determined by the Committee). No shares shall be issued until full
payment therefor has been made. A grantee of a Stock Option shall have none of
the rights of a stockholder until the shares are issued.

         (d) Exercise of Option. The shares covered by a Stock Option may be
purchased in such installments and on such exercise dates as the Committee may
determine. Any shares not purchased on the applicable exercise date may be
purchased thereafter at any time prior to the final expiration of the Stock
Option. In no event (including those specified in paragraphs (e), (f ) and (g)
of this section below) shall any Stock Option be exercisable after its specified
expiration period.

         (e) Termination of Employment. Upon the termination of a Stock Option
grantee's employment (for any reason other than retirement, death or termination
for deliberate, willful or gross misconduct), Stock Option privileges shall be
limited to the shares which were immediately exercisable at the date of such
termination and except as herein after provided, such privileges shall remain
exercisable for not more than thirty days following the date of termination of
employment or the stated expiration date of the Stock Option if earlier. The
Committee, however, in its discretion may provide that any Stock Options
outstanding but not yet exercisable upon the termination of a Stock Option
grantee may become exercisable in accordance with a schedule to be determined by
the Committee. Such Stock Option privileges shall expire unless exercised within
such period of time after the date of such termination as may be established by
the Committee either at the date such Stock Option is granted or subsequently.
If a Stock Option grantee's employment is terminated for deliberate, willful or
gross misconduct, as determined by the Company, all rights under the Stock
Option shall expire upon receipt of the notice of such termination.

         (f) Retirement. Upon retirement of the Stock Option grantee, Stock
Option privileges shall apply to those shares immediately exercisable at the
date of retirement and such privileges shall remain in force until the earlier
of six months following the date of retirement or the stated expiration date of
the Stock Option if earlier. The Committee, however, in its discretion, may
provide at the time of grant that any Stock Options outstanding but not yet
exercisable upon the retirement of the Stock Option grantee may become
exercisable in accordance with a schedule to be determined by the Committee.
Stock Option privileges shall expire unless exercised within such period of time
as may be established by the Committee.

         (g) Death. Upon the death of a Stock Option grantee, Stock Option
privileges shall apply to those shares which were immediately exercisable at the
time of death and such privileges shall remain in force until the earlier of one
year following the date of death or the stated expiration date of the Stock
Option if earlier. The Committee, however, in its discretion, may provide at the
time of grant that any Stock Options outstanding but not yet exercisable upon
the death of a Stock Option grantee may become exercisable in accordance with a
schedule to be determined by the Committee. Such privileges shall expire unless
exercised by legal representatives within a period of time as determined by the
Committee but in no event later than the date of the expiration of the Stock
option.

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         (h) Limits on Incentive Stock Options. Except as may otherwise be
permitted by the Code, the Committee shall not,, in the aggregate, grant an
Eligible Employee, Incentive Stock Options that are first exercisable during any
one calendar year to the extent that the aggregate fair market value of the
Common Stock, at the time the Incentive Stock Options are granted, exceeds
$100,000.

6.       PERFORMANCE SHARE AWARDS

         The Committee may grant awards under which payment may be made in
shares of Common Stock, cash or any combination of shares and cash if the
performance of the Company or any subsidiary or division of the Company selected
by the Committee during the Award Period meets certain goals established by the
Committee ("Performance Share Awards"). Such Performance Share Awards shall be
subject to the following terms and conditions and such other terms and
conditions as the Committee may prescribe:

         (a) Award Period and Performance Goals. The Committee shall determine
and include in a Performance Share Award grant the period of time for which a
Performance Share Award is made ("Award Period"). The Committee shall also
establish performance objectives ("Performance Goals") to be met by the Company,
subsidiary or division during the Award Period as a condition to payment of the
Performance Share Award. The Performance Goals may include earnings per share,
return on stockholder equity, return on assets, net income, or any other
financial or other measurement established by the Committee. The Performance
Goals may include minimum and optimum objectives or a single set of objectives.

         (b) Payment of Performance Share Awards. The Committee shall establish
the method of calculating the amount of payment to be made under a Performance
Share Award if the Performance Goals are met, including the fixing of a
maximum-payment. The Performance Share Award shall be expressed in terms of
shares of Common Stock and referred to as "Performance Shares". After the
completion of an Award Period, the performance of the Company, subsidiary or
division shall be measured against the Performance Goals, and the Committee
shall determine whether all, none or any portion of a Performance Share Award
shall be paid. The Committee, in its discretion, may elect to make payment in
shares of Common Stock, cash or a combination of shares and cash. Any cash
payment shall be based on the fair market value of Performance Shares on, or as
soon as practicable prior to, the date of payment.

         (c) Revision of Performance Goals. At any time prior to the end of an
Award Period, the Committee may revise the Performance Goals and the computation
of payment if unforeseen events occur which have a substantial effect on the
performance of the Company, subsidiary or division and which in the judgment of
the Committee make the application of the Performance Goals unfair unless a
revision is made.

         (d) Requirement of Employment. A grantee of a Performance Share Award
must remain in the employment of the Company until the completion of the Award
Period in order to be entitled to payment under the Performance Share Award;
provided that the Committee may, in its sole discretion, provide for a partial
payment where such an exception is deemed equitable.

         (e) Dividends. The Committee may, in its discretion, at the time of the
granting of a Performance Share Award, provide that any dividends declared on
the Common Stock during the Award Period, and which would have been paid with
respect to Performance Shares had they been owned by a grantee, be (i) paid to
the grantee, or (ii) accumulated for the benefit of the grantee and used to
increase the number of Performance Shares of the grantee.

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7.       RESTRICTED STOCK GRANTS

         The Committee may issue shares of Common Stock to A grantee which
shares shall be subject to the following terms and conditions and such other
terms and conditions as the Committee may prescribe ("Restricted Stock Grant"):

         (a) Requirement of Employment. A grantee of a Restricted Stock Grant
must remain in the employment of the Company during a period designated by the
Committee ("Restriction Period"). If the grantee leaves the employment of the
Company prior to the end of the Restriction Period, the Restricted Stock Grant
shall terminate and the shares of Common Stock shall be returned immediately to
the Company, provided that the Committee may, at the time of the grant, provide
for the employment restriction to lapse with respect to a portion or portions of
the Restricted Stock Grant at different times during the Restriction Period. The
Committee may, in its discretion, also provide for such complete or partial
exceptions to the employment restriction as it deems equitable.

         (b) Restrictions on Transfer and Legend on Stock Certificates. During
the Restriction Period, the grantee may not sell, assign, transfer, pledge, or
otherwise dispose of the shares of Common Stock except to a successor under
Section 9 hereof. Each certificate for shares of Common Stock issued hereunder
shall contain a legend giving appropriate notice of the restrictions in the
grant.

         (c) Escrow Agreement. The Committee may require the grantee to enter
into an escrow agreement providing that the certificates representing the
Restricted Stock Grant will remain in the physical custody of an escrow holder
until all restrictions are removed or expire.

         (d) Lapse of Restrictions. All restrictions imposed under the
Restricted Stock Grant shall lapse upon the expiration of the Restriction Period
if the conditions as to employment set forth above have been met. The grantee
shall then be entitled to have the legend removed from the certificates.

         (e) Dividends. The Committee shall, in its discretion, at the time of
the Restricted Stock Grant, provide that any dividends declared on the Common
Stock during the Restriction Period shall either be (i) paid to the grantee, or
(ii) accumulated for the benefit of the grantee and paid to the grantee only
after the expiration of the Restriction Period.

8.       DISCONTINUANCE OR AMENDMENT OF THE PLAN.

         The Board of Directors may discontinue the 1997 ISP at any time and may
from time to time amend or revise the terms of the 1997 ISP as permitted by
applicable statutes except that it may not revoke or alter, in a manner
unfavorable to the grantees of any Incentives hereunder, any Incentives then
outstanding, nor may the Board amend the 1997 ISP without stockholder approval,
where the absence of such approval would cause the Plan to fail to comply with
Rule 16b-3 under the Exchange Act, or any other requirement of applicable law or
regulation. No incentive shall be granted under the 1997 ISP after May 31, 2007
but Incentives granted theretofore may extend beyond that date.

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9.       NONTRANSFERABILITY

         Each Incentive granted under the 1997 ISP shall not be transferable
other than by will or the laws of descent and distribution or pursuant to a
qualified domestic relations order as defined under the Code, and with respect
to Stock Options, shall be exercisable, during the grantee's lifetime, only by
the grantee or the grantee's guardian or legal representative.

10.      NO RIGHT OF EMPLOYMENT

         Neither the 1997 ISP nor any Incentives granted hereunder shall confer
upon any Eligible Employee the right to continued employment with the Company or
affect in any way the right of the Company to terminate the employment of an
Eligible Employee at any time and for any or no reason.

11.      TAXES

         The Company shall be entitled to withhold the amount of any tax
attributable to any amount payable or shares deliverable under the 1997 ISP
after giving the person entitled to receive such amount or shares notice as far
in advance as practicable and may condition delivery of certificates evidencing
shares awarded or purchased under the 1997 ISP upon receipt of funds to effect
such withholding.

12.      LISTING AND REGISTRATION OF THE SHARES

         Each option issued hereunder shall be subject to the requirement that
if at any time the Committee shall determine, in its discretion, that the
listing, registration or qualification of the shares subject to the option upon
any securities exchange or under any state or federal law, or the consent or
approval of any governmental regulatory body is necessary or desirable as a
condition of, or in connection with, the granting of such option or the issue or
purchase of shares thereunder, such option may not be exercised in whole or in
part unless and until such listing, registration, qualification, consent or
approval shall have been effected or obtained free of any conditions not
acceptable to the Committee.

13.      EFFECTIVE DATE

         The Plan shall be effective as of the later of the date upon which the
1997 ISP is approved by shareholders of the Company or June 1 1997 (the
"Effective Date"); no Incentives may be awarded under the 1997 ISP prior to the
Effective Date.VOID AFTER 5:00 P.M., NEW YORK TIME ON ____________, 2001
WARRANT TO PURCHASE _____________ SHARES OF COMMON STOCK

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

                        WARRANT TO PURCHASE COMMON STOCK

                                       OF

                            EMPYREAN BIOSCIENCE, INC.

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

                   THIS WARRANT AND THE SHARES OF COMMON STOCK
                     ISSUABLE PURSUANT TO THIS WARRANT HAVE
              NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
                  AS AMENDED (THE "ACT"), AND MAY NOT BE SOLD,
                     PLEDGED OR OTHERWISE TRANSFERRED UNLESS
                  REGISTERED UNDER THE ACT OR AN EXEMPTION FROM
                         SUCH REGISTRATION IS AVAILABLE.

         FOR VALUE RECEIVED, Empyrean Bioscience, Inc., a Wyoming corporation
(the "Company"), grants the following rights to ______________________________
("Holder'):

                                   ARTICLE I.

                                  DEFINITIONS.

     As used herein, the following terms shall have the following meanings,
unless the context shall otherwise require:

          (a) "Common Stock" shall mean the common stock, without par value, of
the Company.

          (b) "Corporate Office" shall mean the office of the Company (or its
successor) at which at any particular time its principal business shall be
administered.

          (c) "Exercise Date" shall mean any date upon which the Holder shall
give the Company a Notice of Exercise.

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          (d) "Exercise Price" shall mean the price to be paid to the Company
for each share of Common Stock to be purchased upon exercise of this Warrant in
accordance with the terms hereof which shall be $0.50.

          (e) "Expiration Date" shall mean 5:00 p.m. (New York time) on
__________, 2001.

          (f) "Subscription Agreement" shall mean that certain Subscription
Agreement dated _______, 1999 pursuant to which this Warrant has been issued.

          (g) "SEC" shall mean the United States Securities and Exchange
Commission.

          (h) "Transfer Agent" shall mean the Company's transfer agent or its
authorized successor.

          (i) "Underlying Shares" shall mean the shares of Common Stock issuable
upon exercise of the Warrant.

                                   ARTICLE 2.

                             EXERCISE AND AGREEMENTS

     2.1 EXERCISE OF WARRANT. This Warrant shall entitle Holder to purchase up
to __________ shares of Common Stock (the "Shares") at the Exercise Price. This
Warrant shall be exercisable at any time and from time to time on or after
__________, 1999 and prior to the Expiration Date (the "Exercise Period"). This
Warrant and the right to purchase shares of Common Stock hereunder shall expire
and become void at the Expiration Date.

     2.2 MANNER OF EXERCISE.

          (a) Holder may exercise this Warrant at any time and from time to time
during the Exercise Period, in whole or in part (but not in denominations of
fewer than 10,000 shares, except upon an exercise of this Warrant with respect
to the remaining balance of shares purchasable hereunder at the time of
exercise), by delivering to the Company (i) a duly executed Notice of Exercise
in substantially the form attached as Appendix 1 hereto and (ii) a bank
cashiers, certified check, or wire transfer for the aggregate Exercise Price of
the shares being purchased.

          (b) From time to time upon exercise of this Warrant, in whole or part,
in accordance with its terms, the Company will deliver stock certificates to the
Holder representing the number of shares of Common Stock being purchased
pursuant to such exercise, subject to adjustment as described herein.

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          (c) Promptly following any exercise of this Warrant, if the Warrant
has not been fully exercised and has not expired, the Company will deliver to
the Holder a new Warrant for the balance of the shares of Common Stock covered
hereby.

     2.3 TERMINATION. All rights of the Holder in this Warrant, to the extent
they have not been exercised, shall terminate on the Expiration Date.

     2.4 NO RIGHTS PRIOR TO EXERCISE. Prior to its exercise pursuant to Section
2.2 above, this Warrant shall not entitle the Holder to any voting or other
rights as a holder of shares of Common Stock.

     2.5 ADJUSTMENTS. In case of any reclassification, capital reorganization,
stock dividend or other change of outstanding shares of Common Stock, or in case
of any consolidation or merger of the Company with or into another corporation
(other than a consolidation or merger in which the Company is the continuing
corporation and which does not result in any reclassification, capital
reorganization, stock dividend or other change of outstanding shares or Common
Stock) or in case of any sale or conveyance to another corporation of the
property of the Company as, or substantially as, an entirety (other than a
sale/leaseback, mortgage or other financing transaction), the Company shall
cause effective provision to be made so that the Holder shall have the right
thereafter, by exercising this Warrant, to purchase the kind and number of
shares of stock or other securities or property (including cash) receivable upon
such reclassification, capital reorganization, stock dividend or other change,
consolidation, merger, sale or conveyance as the Holder would have been entitled
to receive had the Holder exercised this Warrant in full immediately before such
reclassification, capital reorganization, stock dividend or other change,
consolidation, merger, sale or conveyance. Any such provision shall include
provision for adjustments that shall be as nearly equivalent as may be
practicable to the adjustments provided for in this Section 2.5. The foregoing
provisions shall similarly apply to successive reclassifications, capital
reorganizations, stock dividends and other changes of outstanding shares of
Common Stock and to successive consolidations, mergers, sales or conveyances.

     2.6 FRACTIONAL SHARES. No fractional shares of Common Stock shall be
issuable upon exercise or conversion of this Warrant and the number of shares to
be issued shall be rounded down to the nearest whole share. If a fractional
share interest arises upon any exercise or conversion of the Warrant, the
Company shall eliminate such fractional share interest by paying Holder the
amount computed by multiplying the fractional interest by the closing bid price
of a full share of Common Stock on the date of the Notice of Exercise.

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                                   ARTICLE 3.

                  REPRESENTATIONS AND COVENANTS OF THE COMPANY.

     3.1 REPRESENTATIONS AND WARRANTIES. The Company hereby represents and
warrants to the Holder as follows:

          (a) All shares of Common Stock which may be issued upon the exercise
of the purchase right represented by this Warrant shall, upon issuance, be duly
authorized, validly issued, fully-paid and nonassessable, and free of any liens
and encumbrances except for restrictions on transfer provided for herein or
under applicable federal and state securities laws, and not subject to any
pre-emptive rights.

          (b) The Company is a corporation duly organized and validly existing
under the laws of the State of Wyoming, and has the full power and authority to
issue this Warrant and to comply with the terms hereof. The execution, delivery
and performance by the Company of its obligations under this Warrant, including,
without limitation, the issuance of the shares of Common Stock upon any exercise
of the Warrant have been duly authorized by all necessary corporate action. This
Warrant has been duly executed and delivered by the Company and is a valid and
binding obligation of the Company, enforceable in accordance with its terms,
except as enforcement may be limited by applicable bankruptcy, insolvency,
reorganization or similar laws affecting enforceability of creditors' rights
generally and except as the availability of the remedy of specific enforcement,
injunctive relief or other equitable relief is subject to the discretion of the
court before which any proceeding therefore may be brought.

          (c) The Company is not subject to or bound by any provision of any
certificate or articles of incorporation or by-laws, mortgage, deed of trust,
lease, note, bond, indenture, other instrument or agreement, license, permit,
trust, custodianship, other restriction or any applicable provision of any law,
statute, rule, regulation, judgment, order, writ, injunction or decree of any
court, governmental body, administrative agency or arbitrator which could
prevent or be violated by or under which there would be a default (or right of
termination) as a result of the execution, delivery and performance by the
Company of this Warrant.

                                   ARTICLE 4.

                           SECURITIES LAW COMPLIANCE.

     The shares of Common Stock will be acquired for Holder's own account for
investment and not with a view to, or for resale in connection with, any
distribution of the shares within the meaning of the Securities Act of 1933.
Holder acknowledges that it is aware that the issuance of the shares of Common
Stock upon exercise of this Warrant has not been registered pursuant to the
Securities Act of 1933 (the "Act"), nor is it intended that they be registered
and the Holder has no right to require that they be registered, under the Act or
under any state securities laws. The Holder agrees that the shares of Common
Stock may not be sold in the absence of registration unless such sale is exempt

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from registration under the Act and any applicable state securities laws. The
Holder also acknowledges that he shall be responsible for compliance with all
conditions on transfer imposed by any Commissioner of Securities of any state
and for any expenses incurred by the Company for legal or accounting services in
connection with reviewing such proposed transfer or issuing opinions in
connection therewith. The certificate for the shares of Common Stock shall bear
the following restrictive legend:

     THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
     THE SECURITIES ACT OF 1933, AS AMENDED, OF THE UNITED STATES OF AMERICA
     (THE "ACT") OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
     ("STATE ACT"). THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY
     NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED FOR
     VALUE, DIRECTLY OR INDIRECTLY, IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
     STATEMENT FOR THE SECURITIES UNDER THE ACT AND COMPLIANCE WITH APPLICABLE
     STATE ACTS, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND
     UNDER APPLICABLE STATE ACTS, THE AVAILABILITY OF WHICH IS ESTABLISHED TO
     THE SATISFACTION OF THE COMPANY.

     If (but without any obligation to do so under this Agreement) the Company
proposes to register (including for this purpose a registration effected by the
Company for shareholders other than the Holder) any of its stock or other
securities under the Act in connection with the public offering of such
securities solely for cash (other than a registration relating solely to the
sale of securities to participants in a Company stock plan, or a registration on
any form which does not include substantially the same information as would be
required to be included in a registration statement covering the issuance of the
Underlying Shares, or a registration of an offering of securities, the
underwriter of which objects to registration of additional securities), the
Company shall, at such time, promptly give to Holder written notice of such
registration. Upon the written request of the Holder given within twenty days
after mailing of such notice by the Company, the Company shall cause to be
registered under such registration statement such Underlying Shares as the
Holder has requested to be registered.

                                   ARTICLE 5.

                                 MISCELLANEOUS.

     5.1 TRANSFER. This Warrant may not be transferred or assigned, in whole or
in part, at any time, except in compliance with applicable federal and state
securities laws by the transferor and the transferee (including, without
limitation, the delivery of an investment representation letter and a legal
opinion reasonably satisfactory to the Company), provided that this Warrant may
not be transferred or assigned such that either the Holder or any transferee
will, following such transfer or assignment, hold a Warrant for the right to
purchase fewer than 5,000 shares of Common Stock.

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<PAGE>
     5.2 TRANSFER PROCEDURE. Subject to the provisions of Section 5.1, Holder
may transfer or assign this Warrant by giving the Company notice setting forth
the name, address and taxpayer identification number of the transferee or
assignee, if applicable (the "Transferee") and surrendering this Warrant to the
Company for reissuance to the Transferee (and the Holder, in the event of a
transfer or assignment of this Warrant in part). (Each of the persons or
entities in whose name any such new Warrant shall be issued is herein referred
to as a Holder").

     5.3 LOSS, THEFT, DESTRUCTION OR MUTILATION. If this Warrant shall become
mutilated or defaced or be destroyed, lost or stolen, the Company shall execute
and deliver a new Warrant in exchange for and upon surrender and cancellation of
such mutilated or defaced Warrant or, in lieu of and in substitution for such
Warrant so destroyed, lost or stolen, upon the Holder filing with the Company
evidence to it that such Warrant has been so mutilated, defaced, destroyed, lost
or stolen. However, the Company shall be entitled, as a condition to the
execution and delivery of such new Warrant, to demand indemnity satisfactory to
it and payment of the expenses and charges incurred in connection with the
delivery of such new Warrant. Any Warrant so surrendered to the Company shall be
canceled.

     5.4 NOTICES. All notices and other communications from the Company to the
Holder or vice versa shall be deemed delivered and effective when given
personally, by facsimile transmission and confirmed in writing or mailed by
first-class registered or certified mail, postage prepaid at such address and/or
facsimile number as may have been furnished to the Company or the Holder, as the
case may be, in writing by the Company or the Holder from time to time.

     5.5 WAIVER. This Warrant and any term hereof may be changed, waived, or
terminated only by an instrument in writing signed by the party against which or
whom enforcement of such change, waiver, discharge or termination is sought.

     5.6 GOVERNING LAW. This Warrant shall be governed by and construed in
accordance with the laws of the State of Arizona, without giving effect to its
principles regarding conflicts of law.

Dated:                                  Empyrean Bioscience, Inc.
      ----------------------------

Attest:                                 By: /s/ Stephen Hayter
       ---------------------------          ------------------------------------
                                            Stephen Hayter, President & CEO

                                        6
<PAGE>
                               NOTICE OF EXERCISE

     TO: EMPYREAN BIOSCIENCE, INC.

     (1) The undersigned hereby elects to purchase ________ shares of the Common
Stock of Empyrean Bioscience, Inc., a Wyoming corporation, pursuant to the
provisions of Article 2 of the attached Warrant, and tenders herewith payment of
the purchase price for such shares in full.

     (2) In exercising this Warrant, the undersigned hereby confirms and
acknowledges that the shares of Common Stock to be issued upon this exercise are
being acquired solely for the account of the undersigned and not as a nominee
for any other party, and for investment, and that the undersigned will not
offer, sell or otherwise dispose of any such shares of Common Stock except under
circumstances that will not result in a violation of the Securities Act of 1933,
as amended, or any applicable state securities laws.

     (3) 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:

Date:
      ----------------------                ------------------------------------
                                                          (Name)

                                        7

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