Document:

Exhibit
      10.2

    

    SCHOEN
      PLACE LLC

    c/o
      A.D. Longwell

    4
      Schoen Place

    Pittsford,
      NY 14534

    

    

    Biophan
      Technologies, Inc.

    

    
      	RE:	Amendment No.
              1

    

     

    Pursuant
      to the terms of a Lease Agreement entered into on the 21st
      day of
      August, 2006 in accordance with the laws of New York State and between Schoen
      Place, LLC (“Landlord”) and Biophan Technologies, Inc. (“Tenant”) the Landlord
      and Tenant sign this statement to confirm the commencement and termination
      dates
      to accommodate anticipated delivery of possession.

    

    It
      is
      hereby agreed that the term of the lease shall commence on March 1, 2007
      and shall end on April 30, 2022. It is also agreed that all time periods
      with respect to Annual Minimum Rent, Terminate Dates and all other matters
      shall
      be extended to accommodate the change in the commencement date.

    

    All
      other
      provisions of the lease shall remain unchanged and in full force and effect.
      This amendment shall be governed in all respects by the laws of the State of
      New
      York.

     

    
      	 	 	Very
              truly
              yours,
	 	 	 
	 	 	Schoen Place, LLC
	 	 
	 
 	 
 	 
 
	Dated:
              February 15, 2007	By:  	/s/ Alden
              D.
              Longwell
	 	
              
Alden
              D. Longwell, Authorized Member
	 	 

    

     

    Accepted
      by the Tenant.

    
      	 	 	 
	 	 	 
	Dated:
              February
              __, 2007	 	Biophan
              Technologies, Inc.
	 	 
	 
 	 
 	 
 
	 	By:  	/s/ John
              Lanzafame
	
              Print
                Name:   

            	
              
John
              Lanzafame
	
              Print
                Title:   

            	
              
Chief
              Operating OfficerTHE
      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

     

    TECHNOCONCEPTS,
      INC.

    

    THIS
      CERTIFIES that, for value received, [_________] is entitled to purchase from
      TECHNOCONCEPTS, INC., a Colorado corporation (the “Corporation”),
      subject to the terms and conditions hereof, [_____________] shares (the
“Warrant
      Shares”)
      of
      common stock, no 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 pm Eastern Time on the __________________, 2011 [date that is
      five (5) calendar years from [the Final Closing]] (the “Termination
      Date”).
      

    

    1.
      Exercise
      of Warrants.

     

    

    (a)
      The
      Holder may, at any time prior to the Termination Date, exercise this Warrant
      in
      whole or in
      part
      at an exercise price per share equal to [$1.90
      / $2.75] 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 within three (3)
      business days (the “Delivery Date”) after the Corporation has received the
      Holder’s Warrant Exercise Form and payment of the Exercise Price, or, at the
      request of the Holder (provided that a registration statement under the
      Securities Act of 1933, as amended (the “Securities Act”) providing for the
      resale of the Warrant Shares is then in effect), issued and delivered to the
      Depository Trust Company (“DTC”) account on the Holder’s behalf via the Deposit
      Withdrawal Agent Commission System (“DWAC”), and the Holder hereof shall be
      deemed for all purposes to be the holder of the Warrant Shares so purchased
      as
      of the date of such exercise.

     

    (b)
      If,
      but only if, at any time after one year from the date of grant of this Warrant
      there is no effective registration statement registering the resale of the
      Common Stock underlying this Warrant by the Holder, this Warrant may also be
      exercised at such time by means of a “cashless exercise” in which, at any time
      prior to the Termination Date, the Holder of this Warrant may, at its option,
      exchange this Warrant, in whole or in part (a “Warrant
      Exchange”),
      into
      Warrant Shares by surrendering this Warrant at the principal office of the
      Corporation, accompanied by a notice stating such Holder’s intent to effect such
      exchange, the number of Warrant Shares to be exchanged and the date on which
      the
      Holder requests that such Warrant Exchange occur (the “Notice
      of Exchange”).

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    The
      Warrant Exchange shall be effective on the date the Holder’s Warrant Exercise
      Form is transmitted to the Corporation or any agent of the Holder that is
      irrevocably instructed to process the Warrant Exchange on the Holder’s behalf
      (the “Exchange
      Date”).
      Certificates for the Warrant Shares issuable upon such Warrant Exchange and,
      if
      applicable, a new Warrant of like tenor evidencing the balance of the Warrant
      Shares remaining subject to this Warrant, shall be issued as of the Exchange
      Date and delivered to the Holder within three (3) business days following the
      Exchange Date. In connection with any Warrant Exchange, this Warrant shall
      represent the right to subscribe for and acquire the number of Warrant Shares
      as
      determined according to the following formula:  

    

    
      	 	 	
              X
                =
                Y(A-B)

            
	 	 	
                           A

            
	 	 	 
	
              Where:
                X

            	
              =

            	
              the
                number of Warrant Shares that shall be issued to the Holder, rounded
                to
                the next highest integer;

            
	 	 	 
	
              Y

            	
              =

            	
              the
                number of Warrant Shares for which this Warrant is being exercised
                (which
                shall include both the number of Warrant Shares issued to the Holder
                and
                the number of Warrant Shares subject to the

            
	 	 	
               

            
	 	 	
              portion
                of the Warrant being exchanged in payment of the Warrant
                Price);

            
	 	 	 
	
              A

            	
              =

            	
              the
                Closing Bid Price of the Common Stock on the trading day immediately
                preceding the Exchange Date; and

            
	 	 	
               

            
	
              B

            	
              =

            	
              the
                Warrant Price then in effect.

            

    

    

    As
      used
      herein, “Closing
      Bid Price”,
      shall
      mean the closing bid price of the Common Stock as reported by Bloomberg
      Financial L.P. on the date in question (based on a trading day from 9:30 a.m.
      ET
      to 4:02 p.m. Eastern Time) (and, if no closing bid price is reported, the
      closing price as so reported, and if neither the closing bid price nor the
      closing price is so reported, the last reported price of the Common Stock as
      determined by an independent evaluator mutually agreed to by the Holder and
      the
      Corporation). 

     

    2.
      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. 

     

    3.
      No
      Stockholder Rights.
      This
      Warrant shall not entitle the holder hereof to any voting rights or other rights
      as a stockholder of the Corporation. 

     

    4.
      Transferability
      of Warrant.
      Prior
      to the Termination Date and subject to compliance with applicable laws, this
      Warrant and all rights hereunder are transferable, in whole or in part, at
      the
      office or agency of the Corporation 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 purchaser. 

     

    5.
      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 corporation 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 merger or consolidation. 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. 

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (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, recapitalize, split forward 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 or reverse split
      into a smaller number of shares, the Exercise Price shall be proportionately
      increased and the number of Warrant Shares proportionately reduced.

     

    (d)
      Issuances
      of Additional Shares of Stock.
      If at
      any time prior to the exercise of this Warrant, the Corporation shall offer,
      sell, grant any option to purchase or offer, sell or grant any right to reprice
      its securities, or otherwise dispose of or issue (or announce any offer, sale,
      grant or any option to purchase or other disposition), Additional Shares of
      Common Stock (as hereinafter defined) without consideration or for a
      consideration per share less than the Exercise Price in effect immediately
      prior
      to such issuance or sale, then forthwith upon the occurrence of any such
      issuance (the "Dilutive
      Issuance")
      the
      Exercise Price shall be reduced to equal the effective conversion, exchange
      or
      purchase price for such Additional Shares of Common Stock (including any reset
      provisions thereof) at issue. The Corporation shall notify the Holder in
      writing, no later than three trading days following the issuance of any Common
      Stock or Common Stock Equivalents subject to this section, indicating therein
      the applicable issuance price, or applicable reset price, exchange price,
      conversion price and other pricing terms (such notice the “Dilutive
      Issuance Notice”).
      For
      clarification, whether or not the Corporation provides a Dilutive Issuance
      Notice, upon the occurrence of any Dilutive Issuance, after the date of such
      Dilutive Issuance the Holder is entitled to receive a number of Warrant Shares
      based upon the Adjusted Exercise Price regardless of whether the Holder
      accurately refers to Adjusted Exercise Price in the Notice of Exercise

     

    As
      used
      herein, “Additional
      Shares of Common Stock”
shall
      mean all shares of Common Stock or any securities of the Corporation which
      would
      entitle the holder thereof to acquire at any time Common Stock (including
      without limitation, any debt, preferred stock, rights, options, warrants or
      other instrument that is at any time convertible into or exchangeable for,
      or
      otherwise entitles the holder thereof to receive, Common Stock), whether by
      operation of purchase price adjustments, reset provisions, floating conversion,
      exercise or exchange prices or otherwise, or due to warrants, options or rights
      per share which is issued in connection with such issuance, at an effective
      price per share which is less than the Exercise Price then in effect. If the
      Corporation issues any securities convertible or exchangeable into Common Stock,
      the maximum number of shares of Common Stock issuable thereunder shall be deemed
      to be Additional Shares of Common Stock issued as of the time of such issue,
      if
      the consideration per share of such Additional Shares of Common Stock (as
      hereinafter determined) is less than the Exercise Price then in effect.
      Additional Shares of Common Stock, however, shall not include the issuance
      of
      (i) shares of Common Stock or options to employees, officers or directors of
      the
      Corporation pursuant to any stock or option plan duly adopted by a majority
      of
      the non-employee members of the Board of Directors of the Corporation or a
      majority of the members of a committee of non-employee directors established
      for
      such purpose (ii) securities upon the exercise of or conversion of any
      securities issued hereunder or other securities sold as part of the same
      offering , convertible securities, options or warrants issued and outstanding
      on
      the date of this Agreement, provided that such securities have not been amended
      since the date of this Agreement to increase the number of such securities,
      (iii) issuances to Triumph Small Cap Fund, Inc. of up to 1,340,000 shares of
      Common Stock at $1.50 per share, 670,000 warrants exercisable for Common Stock
      at $1.90 per share, and 670,000 warrants exercisable for Common Stock at $2.75
      per share and additional warrants exercisable for 1,340,000 shares of Common
      Stock at $2.00 per share, 670,000 shares of Common Stock at $2.50 per share
      and
      670,000 shares of Common Stock at $3.50 per share and (iv) securities issued
      pursuant to acquisitions or strategic transactions, provided any such issuance
      shall only be to an entity which is, itself or through its subsidiaries, an
      operating company in a business synergistic with the business of the Corporation
      and in which the Corporation receives benefits in addition to the investment
      of
funds,
      but shall not include a transaction in which the Corporation is issuing
      securities primarily for the purpose of raising capital or to an entity whose
      primary business is investing in securities. 

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    (e)
      Fractional
      Shares.
      No
      fractional Warrant Shares shall be issued upon exercise of this Warrant as
      a
      result of any of the adjustments set forth in this Section 5. Instead, the
      number of Warrant Shares issuable upon exercise of this Warrant shall be rounded
      to the nearest whole number. 

     

    6.
      Conversion
      Limitations.
      The
      Corporation shall not effect any exercise of this Warrant, and a Holder shall
      not have the right to convert any portion of this Warrant, to the extent that
      after giving effect to the exercise set forth on the applicable Warrant Exercise
      Form, such Holder (together with such Holder’s Affiliates, and any other person
      or entity acting as a group together with such Holder or any of such Holder’s
      Affiliates) would beneficially own in excess of the Beneficial Ownership
      Limitation (as defined below). For purposes of the foregoing sentence, the
      number of shares of Common Stock beneficially owned by such Holder and its
      Affiliates shall include the number of shares of Common Stock issuable upon
      exercise of this Warrant with respect to which such determination is being
      made,
      but shall exclude the number of shares of Common Stock which are issuable upon
      (A) exercise of the remaining, unexercised Warrant Shares beneficially owned
      by
      such Holder or any of its Affiliates and (B) exercise or conversion of the
      unexercised or unconverted portion of any other securities of the Corporation
      subject to a limitation on conversion or exercise analogous to the limitation
      contained herein (including, without limitation, any debentures or other
      warrants to purchase shares of Common Stock) beneficially owned by such Holder
      or any of its Affiliates. Except as set forth in the preceding sentence, for
      purposes of this Section 6, beneficial ownership shall be calculated in
      accordance with Section 13(d) of the Exchange Act and the rules and regulations
      promulgated thereunder. To the extent that the limitation contained in this
      Section 6 applies, the determination of whether this Warrant is exercisable
      (in
      relation to other securities owned by such Holder together with any Affiliates)
      and of which Warrant Shares of this Warrant are exercisable shall be in the
      sole
      discretion of such Holder, and the submission of a Warrant Exercise Form shall
      be deemed to be such Holder’s determination of whether this Warrant may be
      exercised (in relation to other securities owned by such Holder together with
      any Affiliates) and which Warrant Shares of this Warrant are exercisable, in
      each case subject to such aggregate percentage limitations. To ensure compliance
      with this restriction, each Holder will be deemed to represent to the
      Corporation each time it delivers a Warrant Exercise Form that such form has
      not
      violated the restrictions set forth in this paragraph and the Corporation shall
      have no obligation to verify or confirm the accuracy of such determination.
      In
      addition, a determination as to any group status as contemplated above shall
      be
      determined in accordance with Section 13(d) of the Exchange Act and the rules
      and regulations promulgated thereunder. For purposes of this Section 6, in
      determining the number of outstanding shares of Common Stock, a Holder may
      rely
      on the number of outstanding shares of Common Stock as stated in the most recent
      of the following: (A) the Corporation’s most recent Form 10-Q or Form 10-K, as
      the case may be; (B) a public announcement by the Corporation; or (C) a notice
      by the Corporation or the Corporation’s transfer agent. Upon the written or oral
      request of a Holder, the Corporation shall within two Trading Days confirm
      orally and in writing to such Holder the number of shares of Common Stock then
      outstanding. In any case, the number of outstanding shares of Common Stock
      shall
      be determined after giving effect to the conversion or exercise of securities
      of
      the Corporation, including this Warrant, by such Holder or its Affiliates since
      the date as of which such number of outstanding shares of Common Stock was
      reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of
      shares of the Common Stock outstanding immediately after giving effect to the
      issuance of shares of Common Stock issuable upon exercise of this Warrant held
      by the Holder. The Beneficial Ownership Limitation provisions of this Section
      6
      may be waived by such Holder, at the election of such Holder, upon not less
      than
      61 days’ prior notice to the Corporation, to change the Beneficial Ownership
      Limitation to 9.99% of the number of shares of Common Stock outstanding
      immediately after giving effect to the issuance of shares of Common Stock upon
      conversion of this Warrant held by the Holder, and the provisions of this
      Section 6 shall continue to apply. Upon such a change by a Holder of the
      Beneficial Ownership Limitation from such 4.99% limitation to such 9.99%
      limitation, the Beneficial Ownership Limitation may not be further waived by
      such Holder. The provisions of this paragraph shall be construed and implemented
      in a manner otherwise than in strict conformity with the terms of this Section
      6
      to correct this paragraph (or any portion hereof) which may be defective or
      inconsistent with the intended Beneficial Ownership Limitation herein contained
      or to make changes or supplements necessary or desirable to properly give effect
      to such limitation. The limitations contained in this paragraph shall apply
      to a
      successor holder of this Warrant. 

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    7.
      Legend
      and Stop Transfer Orders.
      Unless
      the Warrant Shares have been registered under the Securities Act, and then
      in
      that case subject to the Holders’ compliance with the prospectus delivery
      requirements of Section 5 of 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: 

     

    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.
      Call.
      The
      Corporation shall have the right, upon notice to the Holder (“Call Notice”), to
“call” all or any portion of this Warrant (a “Call”) provided that (i) the
      Warrant Shares have been registered for resale pursuant to the Securities Act,
      and are freely tradable without restriction for at least the 30-day period
      preceding such notice, (ii) the Closing Price for the Common Stock has been
      at
      least
      [$8.00 / $10.00]
      (subject
      to adjustment to reflect stock splits, stock dividends, recapitalizations and
      the like) for each trading day in the 20-trading day period immediately
      preceding the date of the Call Notice, and (iii) the average daily trading
      volume for the Common Stock has been at least 100,000 for the 20-trading day
      period immediately preceding the date of the Call Notice. The Call Notice shall
      state what portion of the Warrant is being Called and on what date the Call
      shall take effect, which date shall be at least 30 calendar days after the
      Call
      Notice is sent to Holder (the “Call Date”). The Corporation covenants to honor
      all exercises of this Warrant up until 5:00pm (Eastern Time) on the Call Date,
      and any such exercises will be applied against the portion of the Warrant being
      Called. The Call Notice shall be void (i) if on the Call Date, the Warrant
      Shares are no longer freely tradable without restriction or (ii) with respect
      to
      any Warrant Shares which would cause a breach of the conversion limitations
      in
      Section 6. After 5:01pm (Eastern Time) on the Call Date, any unexercised portion
      of the Warrant being Called shall be cancelled without any consideration due
      to
      the Holder.

     

    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 of this Warrant. 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.

     

    IN
      WITNESS WHEREOF, the Corporation has caused this Warrant to be executed by
      its
      duly authorized officers under its seal, this _____ day of ___________________,
      2007. 

     

    
      	 	 	 
	 	TECHNOCONCEPTS,
              INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      WARRANT
      EXERCISE FORM

    
      To
        Be Executed by the Holder in Order to Exercise
        Warrant

    

     

    
      	
              To:

            	 	TechnoConcepts,
              Inc.	
              Dated

            	 	
               

            
	 	 	6060 Sepulveda Blvd, Suite 202	 	 	 
	 	 	Van Nuys, CA 91411	 	 	 

    

     

    The
      undersigned, pursuant to the provisions set forth in the attached Warrant No.
      ______, hereby irrevocably elects to purchase (check
      applicable box):
      

    

    
      	
            	o	
              ____________
                shares of the Common Stock of TechnoConcepts, Inc. covered by such
                Warrant; or

            

    

    
      	 	 	 

    

    
      	 	o	
              the
                maximum number of shares of Common Stock covered by such Warrant
                pursuant
                to the cashless exercise procedure set forth in subsection 1(b) (if
                applicable).

            

    

    
       

      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
(check
        applicable box or boxes):
        

    

     

    
      	 	o	
              $__________
                in lawful money of the United States;
                and/or

            

    

    
      	 	 	 

      	 	o	
              if
                the provisions of subsection 1(b) of this Warrant are in effect,
                the
                cancellation of such portion of the attached Warrant as is exercisable
                for
                a total of _________ Warrant Shares (using a Fair Market Value of
                $_______
                per share for purposes of this calculation);
                and/or

            

      	 	 	 

      	 	o	
              if
                the provisions of subsection 1(b) of this Warrant are in effect,
                the
                cancellation of such number of Warrant Shares as is necessary, in
                accordance with the formula set forth in subsection 1(b), to exercise
                this
                Warrant with respect to the maximum number of Warrant Shares purchasable
                pursuant to the cashless exercise procedure set forth in subsection
                1(b).

            

    

     

    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 

            

    

    
      

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    ASSIGNMENT
      FORM

    (To
      assign the foregoing warrant, executethis
      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:
                ____________________,
                _______

            
	 	 	
              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.

     

    
      
         

      

      
        7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]