Document:

Unassociated Document

    The
      Common Shares have not been registered under the Securities Act or applicable
      state securities laws and may not be offered or sold in the United States absent
      registration under the Securities Act and applicable state securities laws
      or an
      applicable exemption from registration requirements. The Company has agreed
      to
      file a registration statement with the SEC covering the resale of the subject
      shares of the Company's common stock underlying such
      securities.

    Share
      Purchase Warrant

     

    To
      Subscribe for and Purchase Common Shares of

     

    
      Lantis
        Laser Inc.

    

    

      THIS
        CERTIFIES
        that,
        for value received, _____________ (or registered assigns succeeding to ownership
        hereof pursuant to the provisions of paragraph 2 hereof) is entitled to
        subscribe for and purchase from Lantis
        Laser Inc.,
        a
        corporation organized and existing under the laws of Nevada
        (the
“Corporation”), for a total purchase price of $0.15
        per
        share,
        at any
        time from the date hereof to September
        28, 2011,
        up to
        _______ Common Shares (as defined below) in the capital of the Corporation
        as
        fully paid and non-assessable Common Shares of the Corporation, subject,
        however, to the provisions and upon the terms and conditions hereinafter
        set
        forth.

      

      	1.      	
              Exercise
                of Warrants.
                The rights represented by this Warrant may be exercised by the holder
                hereof, in whole or in part (but not as to a fractional share of
                a Common
                Share), by the surrender of this Warrant, with the attached Purchase
                Form
                duly executed, at the principal office of the Corporation at 11
                Stonebridge Ct., Denville, NJ 07834
                (or such other office or agency of the Corporation as it may designate
                by
                notice in writing to the holder hereof at the address of such holder
                appearing on the books of the Corporation at any time during the
                period
                within which the rights represented by this warrant may be exercised)
                and
                upon payment to it for the account of the Corporation, by cash or
                by
                certified or bank cashier’s cheque, of the purchase price. The Corporation
                agrees that the shares so purchased shall be and be deemed to be
                issued to
                the holder hereof as the record owner of such shares as of the close
                of
                business on the date on which this Warrant shall have been surrendered
                and
                payment made for such shares as aforesaid. Certificates for the shares
                so
                purchased shall be delivered to the holder hereof within a reasonable
                time, not exceeding ten (10) days, after the rights represented by
                this
                Warrant shall have been so exercised and, unless this Warrant has
                expired,
                a new Warrant representing the number of shares, if any, with respect
                to
                which this Warrant shall not then have been exercised shall also
                be issued
                to the holder hereof within such
                time.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        	2.	
                Transferability
                  of Warrant.
                  This Warrant is transferable on the books of the Corporation at
                  its office
                  described above by the holder hereof in person or by duly authorized
                  attorney, upon surrender of this Warrant together with the Purchase
                  Form
                  attached hereto, duly executed. Upon the surrender of this Warrant
                  to the
                  Corporation in proper form for transfer, as required hereby, the
                  Corporation shall issue a new warrant or new warrants in the same
                  form and
                  of like tenor as this Warrant representing the right to subscribe
                  for and
                  purchase, in the aggregate, the number of Common Shares which may
                  be
                  subscribed for and purchased hereunder and, individually, the number
                  of
                  Common Shares the right to purchase which has been so transferred
                  to each
                  transferee and which has been retained by the transferor, if
                  any.

              

      

       

    

    
      	3.	
              Covenants
                of the Corporation.
                The Corporation hereby agrees as
                follows:

            

    

    

    
      	
            	(a)	
              all
                shares which may be issued upon the exercise of the rights represented
                by
                this Warrant will, upon issuance, be validly issued, fully paid and
                non-assessable and free from any and all taxes, liens and charges
                with
                respect to the issue thereof.

            

    

    

    
      	
            	(b)	
              during
                the period within which the rights represented by this Warrant may
                be
                exercised, the Corporation will at all times have authorized and
                reserved
                a sufficient number of its Common Shares to provide for the exercise
                of
                the rights represented by this
                Warrant.

            

    

    

    
      	
            	(c)	
              in
                the event the Corporation files a prospectus in order to become a
                Reporting Issuer, the Corporation shall include in such prospectus
                a full
                disclosure and qualification with respect to all of the shares which
                may
                be issued upon the exercise of the rights represented by this Warrant,
                such that all of the shares which may be issued upon the exercise
                of the
                rights represented by this Warrant will be qualified by the
                prospectus.

            

    

    

    
      	
            	(d)	
              the
                Corporation will carry on and conduct is business in a proper, efficient
                and businesslike manner and in accordance with good business practice;
                will keep or cause to be kept proper books of account in accordance
                with
                generally accepted accounting practice; and will, if and whenever
                required
                in writing by the holder of this Warrant, provide to the holder of
                this
                Warrant all annual statements of the Corporation furnished to its
                shareholders after the date hereof.

            

    

    

    
      	4.	
              Adjustment
                of Subscription Rights.
                The above provisions are, however, subject to the
                following:

            

    

    

    
      	
            	(a)	
              if
                shares of the Corporation are reclassified or the capital is otherwise
                reorganized and if the holder of this Warrant has not exercised its
                right
                of purchase prior to the effective date of such capital reorganization,
                upon the exercise of such right the holder of this Warrant shall
                be
                entitled to receive and shall accept in lieu of the number of shares
                then
                subscribed for by it but for the same aggregate consideration payable
                therefor, the number of shares or other securities of the Corporation
                resulting from such capital reorganization that such holder would
                have
                been entitled to receive on such capital reorganization if, on the
                effective date hereof, it had been the registered holder of the number
                of
                shares so subscribed for.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              if
                there is a consolidation, amalgamation or merger of the Corporation
                or a
                sale of the property and assets of the Corporation as or substantially
                as
                an entirety to any other company, and if the holder of this warrant
                has
                not exercised its right of purchase prior to the effective date of
                such
                consolidation, amalgamation, merger or sale, upon the exercise of
                such
                right the holder of this Warrant shall be entitled to receive and
                shall
                accept in lieu of the number of shares then subscribed for by it
                but for
                the same aggregate consideration payable therefor, the number of
                shares or
                other securities or property of the Corporation or of the company
                resulting from such merger, amalgamation or consolidation or to which
                such
                sale may be made, as the case may be, that such holder would have
                been
                entitled to receive on such consolidation, amalgamation, merger or
                sale
                if, on the record date or the effective date thereof, as the case
                may be,
                it had been the registered holder of the number of shares so subscribed
                for. In any case, the necessary adjustments shall be made in the
                application of the provisions set forth in this Warrant with respect
                to
                the rights and interests hereafter of the holder of the Warrant to
                the end
                that the provisions set forth in this Warrant shall thereafter
                correspondingly be made applicable, as nearly as may reasonably be,
                in
                relation to any shares or other securities or property to which the
                holder
                hereof is entitled on the exercise of its purchase rights thereafter.
                Any
                such adjustment shall be made by and set forth in a supplemental
                Warrant
                entered into and approved by the board of directors of the Corporation
                and
                shall for all purposes hereof be conclusively deemed to be an appropriate
                adjustment.

            

    

    

    
      	
            	(c)	
              the
                adjustments provided for in this paragraph 4 are cumulative. After
                any
                adjustment pursuant to this paragraph, the term “shares” where used in the
                preceding subparagraphs of this paragraph 4 shall be interpreted
                to mean
                the shares which, as a result of all previous adjustments pursuant
                to this
                paragraph, the holder hereof would have been entitled to receive
                upon the
                exercise of this Warrant, and the number of shares indicated in any
                subscription made pursuant to this Warrant shall be interpreted to
                mean
                the number of shares which, as a result of all previous adjustments
                pursuant to this paragraph, the holder hereof would have been entitled
                to
                receive upon the full exercise of this Warrant entitling the holder
                thereof to purchase the number of shares so
                indicated.

            

    

    

    
      	
            	(d)	
              if
                any question arises with respect to the adjustment provided for in
                this
                paragraph, such question shall be referred to the auditors of the
                Corporation and their determination shall be binding upon the Corporation
                and the holder of this Warrant.

            

    

    

    
      	5.	
              Authorized
                Shares.
                As a condition precedent to the taking of any action which would
                require
                an adjustment pursuant to paragraph 4 of this Warrant, the Corporation
                shall take any corporate action which may be necessary in order that
                the
                Corporation has issued and reserved in its authorized capital and
                may
                validly and legally issue as fully paid and non-assessable, all of
                the
                shares which the holder of this Warrant is entitled to receive on
                the full
                exercise hereof.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	6.	
              Callable
                Warrant.
                The Corporation shall have the right to call this Warrant in for
                exercise,
                when and if, the Corporation’s common shares trade a t a bid price of
                $0.25 or better at the close of each trading day for (30) consecutive
                trading days within the (60) month exercise period. Any Warrant holder
                can
                elect not to exercise, but in the case of a warrant call by the
                Corporation, the Corporation, in its sole discretion, will have the
                right
                to cancel, for no cash consideration, that holders Warrant, if not
                exercised. 

            

    

    

    
      	7.	
              Common
                Shares.
                As used herein the term “Common Shares” shall mean and include the common
                shares of the Corporation authorized on the date of the original
                issue of
                the Warrants and shall also include any shares of any class of the
                Corporation thereafter authorized which shall not be limited to a
                fixed
                sum or percentage in respect of the rights of the holders thereof
                to
                participate in dividends and in the distribution of assets upon the
                voluntary or involuntary liquidation, dissolution or winding up of
                the
                Corporation; provided, however, that the shares purchasable pursuant
                to
                this Warrant shall include only shares of such class referred to
                in the
                first paragraph hereof and designated as Common Shares in the
                Corporation’s Articles of Incorporation on the date of the original issue
                of this Warrant or, in case of any reorganization, reclassification,
                amalgamation or sale of assets of the character referred to in paragraph
                4
                hereof, the shares, securities or assets provided for in such
                paragraph.

            

    

    

    
      	8.	
              No
                Fractional Shares.
                Upon the exercise of this Warrant, whether in whole or in part, the
                Corporation shall not be required to issue any fractional shares
                or script
                certificates evidencing any fractional interest in shares. In any
                case
                where, pursuant to the terms of this Warrant, the holder hereof would
                be
                entitled, except for the provisions of this paragraph 8, to receive
                a
                fractional share, the number of shares issuable upon such exercise
                shall
                be rounded to the next larger whole share if, but only if, such fractional
                share interest is one-half (1/2) or greater; if such fractional share
                interest is less than one-half (1/2), it shall be
                disregarded..

            

    

    

    
      	9.	
              Mutilated
                or Missing Warrants.
                Upon receipt of evidence satisfactory to the Corporation of the loss,
                theft, destruction or mutilation of this Warrant and, in the case
                of any
                such loss, theft or destruction, upon delivery of a bond or indemnity
                satisfactory to the Corporation, or, in the case of any such mutilation,
                upon surrender or cancellation of this Warrant, the Corporation will
                issue
                to the holder hereof a new warrant of like tenor, in lieu of this
                Warrant,
                representing the right to subscribe for and purchase the number of
                Common
                Shares which may be subscribed for and purchased
                hereunder.

            

    

    

    
      	10.	
              Governing
                Law.
                This Warrant shall be governed by and construed in accordance with
                the
                laws of the State of New Jersey and the laws of the United States
                of
                America applicable therein.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      Corporation has caused this Warrant to be signed by its duly authorized officer
      and this Warrant to be dated September 28, 2006.

     

    
      	 	
            	
               

            
	 	
            	
            	 
	 	
            	
            	
              
                

              

              Name: Stanley
                B Baron     

              Title: President
                and CEO     

            
	 	
            	
            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Purchase
      Form

    

    [to
      be
      signed only upon Exercise of this Warrant]

    

    The
      undersigned hereby exercises the within Warrant for the purchase
      of Common
      Shares covered by such warrant and in accordance with the terms and conditions
      thereof, and herewith makes payment of the exercise price in full.

    

    The
      Corporation is instructed to issue certificates for such shares and any new
      Warrant to which the undersigned may be entitled on partial exercise hereof
      in
      the name of the undersigned and to deliver the same at the address
      indicated.

    

    Name:      

    

    Social
      Security 

    Number:      

    

    Address:      

     

    
      	 	 	 
	
              Purchaser’s
                Signature

            	 	
              Signature
                Guaranteed By:

            

    

    

    [Signature
      must conform exactly with the name

    of
      the
      registered owner on the front of this Warrant

    and
      must
      be signed and guaranteed by a

    financial
      institution satisfactory to the Corporation]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Assignment
      Form

    

    FOR
      VALUE RECEIVED,
      the
      undersigned hereby sells, assigns and transfers unto the
      rights represented by the attached Warrant of Lantis Laser Inc. (the
      "Corporation") and appoints the Secretary of the Corporation attorney to
      transfer said rights on the books of said Corporation, with full power of
      substitution in the premises.

     

    Dated:
           

     

    
      	 	 	 
	
              WitnessAMENDMENT
      ONE

    To

    LIMITED
      EXCLUSIVE LICENSE AGREEMENT

     

    FOR

     

    OPTICAL
      COHERENCE TOMOGRAPHY

    For
      Human
      and Animal Dentistry

     

    Between

     

    THE
      REGENTS OF THE UNIVERSITY OF CALIFORNIA

     

    AND

     

    LANTIS
      LASER, INC.

     

    LLNL
      Case
      No. TL-1640-00

     

    Lawrence
      Livermore National Laboratory

    University
      of California

    P.O.
      Box
      808, L-795, Livermore, CA 94551

    Individual
      Partnerships and Commercialization

     

    September
      24, 2004

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    AMENDMENT
      ONE

    September
      2004

     

    To

     

    License
      Agreement - LLNL Case Number TL-1640-00

    For
      Optical Coherence Tomography for Human and Animal Dentistry

    between
      Lantis Laser, Inc., and

    The
      Regents of the University of California

    effective
      September 14, 2001

     

    This
      Amendment One to the License Agreement by and between The Regents of the
      University of California (“THE REGENTS”) and Lantis Laser, Inc. (“LICENSEE”)
      will be effective as of the date of execution of this Amendment by both Parties.
      This Amendment and the associated License Agreement are subject to overriding
      obligations to the Federal Government pursuant to the provisions of THE REGENTS’
Contract No. W-7405-ENG-48 with the United States Department of Energy (“DOE”)
      for the operation of the Lawrence Livermore National Laboratory
      (“LLNL”).

    

    This
      Amendment One will remove U.S. Patent Application No. 09/489,764, which has
      been
      abandoned, from the Licensed Patents. It has been determined that there is
      not
      enough scope in light of prior art to continue prosecution of this case. Exhibit
      A (LICENSED PATENTS) has been updated to reflect this change and the current
      status of the licensed patents. All other terms and conditions remain the
      same.

     

    Therefore,
      in consideration of the mutual covenants and obligations recited herein, THE
      REGENTS and LICENSEE hereby amend the License Agreement as follows:

     

    
      	 	
              1.

            	
              EXHIBIT
                A (LICENSED PATENTS)

            

    

     

    Delete
      Exhibit A in its entirety and replace with the following:

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A
      - LICENSED PATENTS

     

    The
      Licensed Patents are as follows:

     

    UNITED
      STATES PATENTS:

     

    
      	
              Invention
                Disclosure

              Number

            	 	
              Patent
                Number

            	 	
              Title

            	 	
              Inventors

            	 	
              Filing
                Date

            	 	
              Issue
                Date

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IL-9247

            	 	
              5,570,182

            	 	
              Method
                for Detection of Dental Caries and Periodontal Disease Using Optical
                Imaging

            	 	
              Howard
                Nathel,

              John
                H. Kinney,

              Linda
                L. Otis

            	 	
              5/27/94

            	 	
              10/29/96

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IL-10371

            	 	
              6,179,611

            	 	
              Dental
                Optical Coherence Domain Reflectometry Explorer

            	 	
              Matthew
                J. Everett,

              Billy
                W. Colston Jr.,

              Ujwal
                S. Sathyam,

              Luiz
                B. Da Silva

            	 	
              5/19/99

            	 	
              1/22/01

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IL-10379

            	 	
              6,385,358

            	 	
              Birefingence
                Insensitive Optical Coherence Domain Reflectometry System

            	 	
              Matthew
                J. Everett,

              (LLNL),

              Joseph
                Grau Davis

              (OptiPhase,
                Inc.)

            	 	
              1/7/00

            	 	
              5/7/02

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IL-10408B

            	 	
              6,522,407

            	 	
              Optical
                Detection of Dental Disease Using Polarized Light

            	 	
              Matthew
                J. Everett,

              Billy
                W. Colston, Jr.,

              Ujwal
                S. Sathyam,

              Luiz
                B. Da Silva,

              Daniel
                Fried

            	 	
              3/18/03

            	 	
              2/18/03

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IL-10616

            	 	
              6,466,713

            	 	
              Optical
                Fiber Head for Providing Lateral Viewing

            	 	
              Luiz
                B. Da Silva,

              Billy
                W. Colston Jr.,

              Dale
                L. James

            	 	
              9/12/00

            	 	
              7/16/02

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IL-10697

            	 	
              6,451,009

            	 	
              OCDR
                Guided Laser

              Ablation
                Device

            	 	
              Luiz
                B. Da Silva,

              Billy
                W. Colston Jr.,

              Dale
                L. James

            	 	
              9/12/00

            	 	
              9/17/02

            

    

    

    FOREIGN
      PATENT APPLICATIONS:

     

    None.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    THE
      REGENTS and LICENSEE execute this Agreement, in duplicate originals, by their
      respective officers who are duly authorized on the day and year that is
      written.

    
      	 	 	 
	LANTIS
              LASER, INC.	 	THE
              REGENTS OF THE UNIVERSITY
              OF CALIFORNIA
	 	 	 
	 	 	
              LAWRENCE
                LIVERMORE 

              NATIONAL
                LABORATORY

            
	 	 	 
	By:	 	By:
	
              
                

              

            	 	
              
                

              

              (Signature)

            
	
            	 	
            
	Name:	 	Name:
	
              
                
 

              Title:

            	 	
              
                

              

               

              Title:

            
	
              
                

              

               

            	 	
              
                

              

               

            
	Date Signed: ______________________	 	Date Signed: ____________________,
              2004

    

     

    
      
         

      

      
        3

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