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Exhibit 10.45  

InterMune, Inc.  

 
 

2000 Equity Incentive Plan    
  

Adopted January 31, 2000

Approved By Stockholders: March 20, 2000

Termination Date: January 30, 2010

Amended on: April 4, 2002 and June 19, 2002

Approved by Stockholders: June 19, 2002  

1.    Purposes. 

        (a)  The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its
Affiliates. 

        (b)  The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to
benefit from increases in value of the Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) stock
bonuses and (iv) rights to acquire restricted stock. 

        (c)  The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards,
to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. 

2.    Definitions. 

        (a)  "Affiliate" means any parent corporation or subsidiary corporation of the Company, whether now or
hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 

        (b)  "Board" means the Board of Directors of the Company. 

        (c)  "Code" means the Internal Revenue Code of 1986, as amended. 

        (d)  "Committee" means a committee of one or more members of the Board appointed by the Board in
accordance with subsection 3(c). 

        (e)  "Common Stock" means the common stock of the Company. 

        (f)    "Company" means InterMune, Inc., a Delaware corporation. 

        (g)  "Consultant" means any person, including an advisor, (i) engaged by the Company or an
Affiliate to render consulting or advisory services and who is compensated for such services or (ii) who is a member of the Board of Directors of an Affiliate. However, the term "Consultant"
shall not include either Directors who are not compensated by the Company for their services as Directors or Directors who are merely paid a director's fee by the Company for their services as
Directors. 

        (h)  "Continuous Service" means that the Participant's service with the Company or an Affiliate,
whether as an Employee, Director or Consultant, is not interrupted or terminated. The Participant's Continuous Service shall not be deemed to have terminated merely because of a change in the capacity
in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or 

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Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant's service. For example, a change in status
without interruption from an Employee of the Company to a Consultant of an Affiliate or a Director will not constitute an interruption of Continuous Service. The Board or the chief executive officer
of the Company, in that party's sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence approved by that party, including sick
leave, military leave or any other personal leave. 

        (i)    "Covered Employee" means the chief executive officer and the four (4) other highest
compensated officers of the Company for whom total compensation is required to be reported to Stockholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code. 

        (j)    "Director" means a member of the Board of Directors of the Company. 

        (k)  "Disability" means the permanent and total disability of a person within the meaning of
Section 22(e)(3) of the Code. 

        (l)    "Employee" means any person employed by the Company or an Affiliate. Mere service as a Director
or payment of a director's fee by the Company or an Affiliate shall not be sufficient to constitute "employment" by the Company or an Affiliate. 

        (m)  "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        (n)  "Fair Market Value" means, as of any date, the value of the Common Stock determined as follows: 

          (i)  If the Common Stock is listed on any established stock exchange or traded on the Nasdaq National Market or the Nasdaq
SmallCap Market, the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or market
(or the exchange or market with the greatest volume of trading in the Common Stock) on the last market trading day prior to the day of determination, as reported in The Wall
Street Journal or such other source as the Board deems reliable. 

        (ii)  In the absence of such markets for the Common Stock, the Fair Market Value shall be determined in good faith by the
Board. 

        (o)  "Incentive Stock Option" means an Option intended to qualify as an incentive stock option within
the meaning of Section 422 of the Code and the regulations promulgated thereunder. 

        (p)  "Non-Employee Director" means a Director who either (i) is not a current
Employee or Officer of the Company or its parent or a subsidiary, does not receive compensation (directly or indirectly) from the Company or its parent or a subsidiary for services rendered as a
consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to
the Securities Act ("Regulation S-K")), does not possess an interest in any other transaction as to which disclosure would be required under Item 404(a) of
Regulation S-K and is not engaged in a business relationship as to which disclosure would be required under Item 404(b) of Regulation S-K; or (ii) is
otherwise considered a "non-employee director" for purposes of Rule 16b-3. 

        (q)  "Nonstatutory Stock Option" means an Option not intended to qualify as an Incentive Stock Option. 

        (r)  "Officer" means a person who is an officer of the Company within the meaning of Section 16
of the Exchange Act and the rules and regulations promulgated thereunder. 

        (s)  "Option" means an Incentive Stock Option or a Nonstatutory Stock Option granted pursuant to the
Plan. 

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        (t)  "Option Agreement" means a written agreement between the Company and an Optionholder evidencing
the terms and conditions of an individual Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 

        (u)  "Optionholder" means a person to whom an Option is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Option. 

        (v)  "Outside Director" means a Director who either (i) is not a current Employee of the
Company or an "affiliated corporation" (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former Employee of the Company or an "affiliated
corporation" receiving compensation for prior services (other than benefits under a tax qualified pension plan), was not an officer of the Company or an "affiliated corporation" at any time and is not
currently receiving direct or indirect remuneration from the Company or an "affiliated corporation" for services in any capacity other than as a Director or (ii) is otherwise considered an
"outside director" for purposes of Section 162(m) of the Code. 

        (w)  "Participant" means a person to whom a Stock Award is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Stock Award. 

        (x)  "Plan" means this InterMune, Inc. 2000 Equity Incentive Plan. 

        (y)  "Rule 16b-3" means Rule 16b-3 promulgated under the
Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 

        (z)  "Securities Act" means the Securities Act of 1933, as amended. 

        (aa) "Stock Award" means any right granted under the Plan, including an Option, a stock bonus and a
right to acquire restricted stock. 

        (bb) "Stock Award Agreement" means a written agreement between the Company and a holder of a Stock
Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. 

        (cc) "Ten Percent Stockholder" means a person who owns (or is deemed to own pursuant to
Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any of its Affiliates. 

3.    Administration. 

        (a)  Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration to a
Committee, as provided in subsection 3(c). 

        (b)  Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the
Plan: 

          (i)  To determine from time to time which of the persons eligible under the Plan shall be granted Stock Awards; when and how
each Stock Award shall be granted; the exercise price and acceptable types of consideration for payment of the exercise price for each Stock Award; what type or combination of types of Stock Award
shall be granted; the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive Common Stock pursuant to a Stock
Award; and the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 

        (ii)  To construe and interpret the Plan and Stock Awards granted under it, and to establish, amend and revoke rules and
regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award 

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Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effective. 

      (iii)  To amend the Plan or a Stock Award as provided in Section 12. 

        (iv)  To terminate or suspend the Plan as provided in Section 13. 

        (v)  Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best
interests of the Company which are not in conflict with the provisions of the Plan. 

        (c)  Delegation to Committee. 

          (i)  General. The Board may delegate administration of the Plan to a Committee or Committees of one (1) or more
members of the Board, and the term "Committee" shall apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have,
in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is
authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of
the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. 

        (ii)  Committee Composition when Common Stock is Publicly Traded. At such time as the Common Stock is publicly traded, in the
discretion of the Board, a Committee may consist solely of two or more Outside Directors, in accordance with Section 162(m) of the Code, and/or solely of two or more Non-Employee
Directors, in accordance with Rule 16b-3. Within the scope of such authority, the Board or the Committee may (1) delegate to a committee of one or more members of the Board
who are not Outside Directors the authority to grant Stock Awards to eligible persons who are either (a) not then Covered Employees and are not expected to be Covered Employees at the time of
recognition of income resulting from such Stock Award or (b) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (2) delegate to a
committee of one or more members of the Board who are not Non-Employee Directors the authority to grant Stock Awards to eligible persons who are not then subject to Section 16 of
the Exchange Act. 

        (d)  Effect of Board's Decision. All determinations, interpretations and constructions made by the Board in good faith shall
not be subject to review by any person and shall be final, binding and conclusive on all persons. 

4.    Shares Subject to the Plan. 

        (a)  Share Reserve. Subject to the provisions of Section 11 relating to adjustments upon changes in Common Stock, the
Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate six million two hundred and seventy-eight thousand two hundred and twenty-six (6,278,226) shares
(the "Share Reserve"), which is comprised of 2,500,000 shares that were approved by the stockholders on June 19, 2002; and 3,778,226 shares that were in the Share Reserve prior to
June 19, 2002. 

        (b)  Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire or otherwise terminate, in whole
or in part, without having been exercised in full, the shares of Common Stock not acquired under such Stock Award shall revert to and again become available for issuance under the Plan. 

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        (c)  Source of Shares. The shares of Common Stock subject to the Plan may be unissued shares or reacquired shares, bought on
the market or otherwise. 

        (d)  Incentive Stock Option Shares. Subject to the provisions of Section 11 relating to adjustments upon changes in
Common Stock, the aggregate number of shares of Common Stock issued under the Plan pursuant to the exercise of all Incentive Stock Options granted under the Plan shall not exceed ten million
(10,000,000) shares of Common Stock. 

5.    Eligibility. 

        (a)  Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to Employees. Stock Awards other than
Incentive Stock Options may be granted to Employees, Directors and Consultants. 

        (b)  Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise
price of such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock at the date of grant and the Option is not exercisable after the expiration of five
(5) years from the date of grant. 

        (c)  Section 162(m) Limitation. Subject to the provisions of Section 11 relating to adjustments upon changes in
the shares of Common Stock, no Employee shall be eligible to be granted Options covering more than one million (1,000,000) shares of Common Stock during any calendar year. 

(d)  Consultants. 

          (i)  A Consultant shall not be eligible for the grant of a Stock Award if, at the time of grant, a
Form S-8 Registration Statement under the Securities Act ("Form S-8") is not available to register either the offer or the sale of the Company's securities to
such Consultant because of the nature of the services that the Consultant is providing to the Company, or because the Consultant is not a natural person, or as otherwise provided by the rules
governing the use of Form S-8, unless the Company determines both (i) that such grant (A) shall be registered in another manner under the Securities Act
(e.g., on a Form S-3 Registration Statement) or (B) does not require registration under the Securities Act in order to comply
with the requirements of the Securities Act, if applicable, and (ii) that such grant complies with the securities laws of all other relevant jurisdictions. 

        (ii)  Form S-8 generally is available to consultants and advisors only if (i) they are natural
persons; (ii) they provide bona fide services to the issuer, its parents, its majority-owned subsidiaries or majority-owned subsidiaries of the issuer's parent; and (iii) the services
are not in connection with the offer or sale of
securities in a capital-raising transaction, and do not directly or indirectly promote or maintain a market for the issuer's securities. 

6.    Option Provisions. 

        Each
Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or
Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of
Option. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of
each of the following provisions: 

        (a)  Term. Subject to the provisions of subsection 5(b) regarding Ten Percent Stockholders, no Incentive Stock Option shall be
exercisable after the expiration of ten (10) years from the date it was granted. 

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        (b)  Exercise Price of an Incentive Stock Option. Subject to the provisions of subsection 5(b) regarding Ten Percent
Stockholders, the exercise price of each Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date the
Option is granted. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant
to an assumption or substitution for another option in a manner satisfying the provisions of Section 424(a) of the Code. 

        (c)  Exercise Price of a Nonstatutory Stock Option. The exercise price of each Nonstatutory Stock Option shall be not less
than fifty percent (50%) of the Fair Market Value of the Common Stock subject to the Option on the date the Option is granted. Notwithstanding the foregoing, a Nonstatutory Stock Option may be granted
with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions
of Section 424(a) of the Code. 

        (d)  Consideration. The purchase price of Common Stock acquired pursuant to an Option shall be paid, to the extent permitted
by applicable statutes and regulations, either (i) in cash at the time the Option is exercised or (ii) at the discretion of the Board (1) by delivery to the Company of other
Common Stock, (2) according to a deferred payment or other similar arrangement with the Optionholder or (3) in any other form of legal consideration that may be acceptable to the Board.
Unless otherwise specifically provided in the Option, the purchase price of Common Stock acquired pursuant to an Option that is paid by delivery to the Company of other Common Stock acquired, directly
or indirectly
from the Company, shall be paid only by shares of the Common Stock of the Company that have been held for more than six (6) months (or such longer or shorter period of time required to avoid a
charge to the Company's earnings for financial accounting purposes). At any time that the Company is incorporated in Delaware, payment of the Common Stock's "par value," as defined in the Delaware
General Corporation Law, shall not be made by deferred payment. 

        In
the case of any deferred payment arrangement, interest shall be compounded at least annually and shall be charged at the minimum rate of interest necessary to avoid the treatment as
interest, under any applicable provisions of the Code, of any amounts other than amounts stated to be interest under the deferred payment arrangement. 

        (e)  Transferability of an Incentive Stock Option. An Incentive Stock Option shall not be transferable except by will or by
the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering
written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option. 

        (f)    Transferability of a Nonstatutory Stock Option. A Nonstatutory Stock Option shall be transferable to the extent provided
in the Option Agreement. If the Option Agreement does not provide for transferability, then the Nonstatutory Stock Option shall not be transferable except by will or by the laws of descent and
distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the
Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option. 

        (g)  Vesting Generally. The total number of shares of Common Stock subject to an Option may, but need not, vest and therefore
become exercisable in periodic installments that may, but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which may be
based on performance or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options may vary. The provisions of this subsection 

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6(g) are subject to any Option provisions governing the minimum number of shares of Common Stock as to which an Option may be exercised. 

        (h)  Termination of Continuous Service. In the event an Optionholder's Continuous Service terminates (other than upon the
Optionholder's death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination) but only
within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Optionholder's Continuous Service (or such longer or shorter period
specified in the Option Agreement), or (ii) the expiration of the term of the Option as set forth in the
Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified in the Option Agreement, the Option shall terminate. 

        (i)    Extension of Termination Date. An Optionholder's Option Agreement may also provide that if the exercise of the Option
following the termination of the Optionholder's Continuous Service (other than upon the Optionholder's death or Disability) would be prohibited at any time solely because the issuance of shares of
Common Stock would violate the registration requirements under the Securities Act, then the Option shall terminate on the earlier of (i) the expiration of the term of the Option set forth in
the Option Agreement or (ii) the expiration of a period of three (3) months after the termination of the Optionholder's Continuous Service during which the exercise of the Option would
not be in violation of such registration requirements. 

        (j)    Disability of Optionholder. In the event that an Optionholder's Continuous Service terminates as a result of the
Optionholder's Disability, the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination), but only within
such period of time ending on the earlier of (i) the date twelve (12) months following such termination (or such longer or shorter period specified in the Option Agreement) or
(ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified herein,
the Option shall terminate. 

        (k)  Death of Optionholder. In the event (i) an Optionholder's Continuous Service terminates as a result of the
Optionholder's death or (ii) the Optionholder dies within the period (if any) specified in the Option Agreement after the termination of the Optionholder's Continuous Service for a reason other
than death, then the Option may be exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of death) by the Optionholder's estate, by a person who acquired the
right to exercise the Option by bequest or inheritance or by a person designated to exercise the Option upon the Optionholder's death pursuant to subsection 6(e) or 6(f), but only within the period
ending on the earlier of (1) the date eighteen (18) months following the date of death (or such longer or shorter period specified in the Option Agreement) or (2) the expiration
of the term of such Option as set forth in the Option Agreement. If, after death, the Option is not exercised within the time specified herein, the Option shall terminate. 

        (l)    Early Exercise. The Option may, but need not, include a provision whereby the Optionholder may elect at any time before
the Optionholder's Continuous Service terminates to exercise the Option as to any part or all of the shares of Common Stock subject to the Option prior to the full vesting of the Option. Any unvested
shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Board determines to be appropriate. The Company will not exercise its
repurchase option until at least six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following
exercise of the Option unless the Board otherwise specifically provides in the Option. 

        (m)  Re-Load Options. 

          (i)  Without in any way limiting the authority of the Board to make or not to make grants of Options hereunder, the Board
shall have the authority (but not an obligation) to include as part of any Option Agreement a provision entitling the Optionholder to a further Option (a "Re-Load 

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Option") in the event the Optionholder exercises the Option evidenced by the Option Agreement, in whole or in part, by surrendering other shares of Common Stock in accordance with this Plan and the
terms and conditions of the Option Agreement. Unless otherwise specifically provided in the Option, the Optionholder shall not surrender shares of Common Stock acquired, directly or indirectly from
the Company, unless such shares have been held for more than six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes). 

        (ii)  Any such Re-Load Option shall (1) provide for a number of shares of Common Stock equal to the number
of shares of Common Stock surrendered as part or all of the exercise price of such Option; (2) have an expiration date which is the same as the expiration date of the Option the exercise of
which gave rise to such Re-Load Option; and (3) have an exercise price which is equal to one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the
Re-Load Option on the date of exercise of the original Option. Notwithstanding the foregoing, a Re-Load Option shall be subject to the same exercise price and term provisions
heretofore described for Options under the Plan. 

      (iii)  Any such Re-Load Option may be an Incentive Stock Option or a Nonstatutory Stock Option, as the Board may
designate at the time of the grant of the original Option; provided, however, that the designation of any Re-Load Option as an Incentive
Stock Option shall be subject to the one hundred thousand dollar ($100,000) annual limitation on the exercisability of Incentive Stock Options described in subsection 10(d) and in
Section 422(d) of the Code. There shall be no Re-Load Options on a Re-Load Option. Any such Re-Load Option shall be subject to the availability of sufficient
shares of Common Stock under subsection 4(a) and the "Section 162(m) Limitation" on the grants of Options under subsection 5(c) and shall be subject to such other terms and conditions as the
Board may determine which are not inconsistent with the express provisions of the Plan regarding the terms of Options. 

7.    Provisions of Stock Awards other than Options. 

        (a)  Stock Bonus Awards. The aggregate number of shares that may be awarded as a stock bonus shall be limited to no more than
10% of the Share Reserve set forth in Section 4(a). Each stock bonus agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms
and conditions of stock bonus agreements may change from time to time, and the terms and conditions of separate stock bonus agreements need not be identical, but each stock bonus agreement shall
include (through incorporation of provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

          (i)  Consideration. A stock bonus may be awarded in consideration for past services actually rendered to the Company or an
Affiliate for its benefit. 

        (ii)  Vesting. Shares of Common Stock awarded under the stock bonus agreement may, but need not, be subject to a share
repurchase option in favor of the Company in accordance with a vesting schedule to be determined by the Board. 

      (iii)  Termination of Participant's Continuous Service. In the event a Participant's Continuous Service terminates, the
Company may reacquire any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination under the terms of the stock bonus agreement. 

        (iv)  Transferability. Rights to acquire shares of Common Stock under the stock bonus agreement shall be transferable by the
Participant only upon such terms and conditions as are set forth in the stock bonus agreement, as the Board shall determine in its discretion, so long as 

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Common Stock awarded under the stock bonus agreement remains subject to the terms of the stock bonus agreement. 

        (b)  Restricted Stock Awards. Each restricted stock purchase agreement shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. The terms and conditions of the restricted stock purchase agreements may change from time to time, and the terms and conditions of separate restricted
stock purchase agreements need not be identical, but each restricted stock purchase agreement shall include (through incorporation of provisions hereof by reference in the agreement or otherwise) the
substance of each of the following provisions: 

          (i)  Purchase Price. The purchase price under each restricted stock purchase agreement shall be such amount as the Board
shall determine and designate in such restricted stock purchase agreement. The purchase price shall not be less than fifty percent (50%) of the Common Stock's Fair Market Value on the date such award
is made or at the time the purchase is consummated. 

        (ii)  Consideration. The purchase price of Common Stock acquired pursuant to the restricted stock purchase agreement shall be
paid either: (i) in cash at the time of purchase; (ii) at the discretion of the Board, according to a deferred payment or other similar arrangement with the Participant; or
(iii) in any other form of legal consideration that may be acceptable to the Board in its discretion; provided, however,that at any time that the
Company is incorporated in Delaware, then payment of the Common Stock's "par value," as defined in the Delaware General Corporation Law, shall not be made by deferred payment. 

      (iii)  Vesting. Shares of Common Stock acquired under the restricted stock purchase agreement may, but need not, be subject to
a share repurchase option in favor of the Company in accordance with a vesting schedule to be determined by the Board. 

        (iv)  Termination of Participant's Continuous Service. In the event a Participant's Continuous Service terminates, the Company
may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination under the terms of the restricted stock
purchase agreement. 

        (v)  Transferability. Rights to acquire shares of Common Stock under the restricted stock purchase agreement shall be
transferable by the Participant only upon such terms and conditions as are set forth in the restricted stock purchase agreement, as the Board shall determine in its discretion, so long as Common Stock
awarded under the restricted stock purchase agreement remains subject to the terms of the restricted stock purchase agreement. 

8.    Covenants of the Company. 

        (a)  Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number of
shares of Common Stock required to satisfy such Stock Awards. 

        (b)  Securities Law Compliance. The Company shall seek to obtain from each regulatory commission or agency having jurisdiction
over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards; provided,
however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to
any such Stock Award. If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the
lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common Stock upon exercise of such Stock Awards unless and until
such authority is obtained. 

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9.    Use of Proceeds from Stock. 

        Proceeds
from the sale of Common Stock pursuant to Stock Awards shall constitute general funds of the Company. 

10.  Miscellaneous. 

        (a)  Acceleration of Exercisability and Vesting. The Board shall have the power to accelerate the time at which a Stock Award
may first be exercised or the time during which a Stock Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Stock Award stating the time at which it
may first be exercised or the time during which it will vest. 

        (b)  Stockholder Rights. No Participant shall be deemed to be the holder of, or to have any of the rights of a holder with
respect to, any shares of Common Stock subject to such Stock Award unless and until such Participant has satisfied all requirements for exercise of the Stock Award pursuant to its terms. 

        (c)  No Employment or other Service Rights. Nothing in the Plan or any instrument executed or Stock Award granted pursuant
thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the
Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such
Consultant's agreement with the Company or an Affiliate or (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any applicable provisions of the corporate
law of the state in which the Company or the Affiliate is incorporated, as the case may be. 

        (d)  Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time of
grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and its Affiliates)
exceeds one hundred thousand dollars ($100,000), the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock
Options. 

        (e)  Investment Assurances. The Company may require a Participant, as a condition of exercising or acquiring Common Stock
under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant's knowledge and experience in financial and business matters and/or to employ a purchaser
representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the
purchaser representative, the merits and risks of exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common
Stock subject to the Stock Award for the Participant's own account and not with any present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any
assurances given pursuant to such requirements, shall be inoperative if (1) the issuance of the shares of
Common Stock upon the exercise or acquisition of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the Securities Act or
(2) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities laws.
The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable
securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 

        (f)    Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement, the Participant may satisfy any
federal, state or local tax withholding obligation relating to the exercise or acquisition of Common Stock under a Stock Award by any of the following means (in addition to 

10

 

the Company's right to withhold from any compensation paid to the Participant by the Company) or by a combination of such means: (i) tendering a cash payment; (ii) authorizing the
Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to the Participant as a result of the exercise or acquisition of Common Stock under the Stock Award,  provided, however,
 that no shares of Common Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law; or
(iii) delivering to the Company owned and unencumbered shares of Common Stock of the Company that have been held for more than six (6) months (or such longer or shorter period of time
required to avoid a charge to the Company's earnings for financial accounting purposes). 

11.  Adjustments upon Changes in Stock. 

        (a)  Capitalization Adjustments. If any change is made in the Common Stock subject to the Plan, or subject to any Stock Award,
without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, stock
split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company), the Plan will be
appropriately adjusted in the class(es) and maximum number of securities subject to the Plan pursuant to subsection 4(a), the maximum aggregate number of securities that may be issued pursuant to the
exercise of Incentive Stock Options under subsection 4(d), the maximum number of securities subject to award to any person pursuant to subsection 5(c), and the outstanding Stock Awards will be
appropriately adjusted in the class(es) and number of securities and price per share of Common Stock subject to such outstanding Stock Awards. The Board shall make such adjustments, and its
determination shall be final, binding and conclusive. (The conversion of any convertible securities of the Company shall not be treated as a transaction "without receipt of consideration" by the
Company.) 

        (b)  Dissolution or Liquidation. In the event of a dissolution or liquidation of the Company, then all outstanding Stock
Awards shall terminate immediately prior to such event. 

        (c)  Change in Control. In the event of (i) a sale, lease or other disposition of all or substantially all of the
securities or assets of the Company, (ii) a merger or consolidation in which the Company is not the surviving corporation or (iii) a reverse merger in which the Company is the surviving
corporation but the shares of Common Stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise,
then any surviving corporation or acquiring corporation may assume any Stock Awards outstanding under the Plan or may substitute similar stock awards (including an award to acquire the same
consideration paid to the Stockholders in the transaction described in this subsection 11(c)) for those outstanding under the Plan. In the event any surviving corporation or acquiring corporation does
not assume such Stock Awards or substitute similar stock awards for those outstanding under the Plan, then with respect to Stock Awards held by Participants whose Continuous Service has not
terminated, the vesting of such Stock Awards (and, if applicable, the time during which such Stock Awards may be exercised) shall be accelerated in full, and the Stock Awards shall terminate if not
exercised (if applicable) at or prior to such event. With respect to any other Stock Awards outstanding under the Plan, such Stock Awards shall terminate if not exercised (if applicable) prior to such
event. 

12.  Amendment of the Plan and Stock Awards. 

        (a)  Amendment of Plan. The Board at any time, and from time to time, may amend the Plan. However, except as provided in
Section 11 relating to adjustments upon changes in Common Stock, no amendment shall be effective unless approved by the Stockholders of the Company to the extent Stockholder approval is
necessary to satisfy the requirements of Section 422 of the Code, Rule 16b-3 or any Nasdaq or securities exchange listing requirements. 

11

 

        (b)  Stockholder Approval. The Board may, in its sole discretion, submit any other amendment to the Plan for Stockholder
approval, including, but not limited to, amendments to the Plan intended to satisfy the requirements of Section 162(m) of the Code and the regulations thereunder regarding the exclusion of
performance-based compensation from the limit on corporate deductibility of compensation paid to certain executive officers. 

        (c)  Contemplated Amendments. It is expressly contemplated that the Board may amend the Plan in any respect the Board deems
necessary or advisable to provide eligible Employees with the maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated thereunder relating to
Incentive Stock Options and/or to bring the Plan and/or Incentive Stock Options granted under it into compliance therewith. 

        (d)  No Impairment of Rights. Rights under any Stock Award granted before amendment of the Plan shall not be impaired by any
amendment of the Plan unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing. 

        (e)  Amendment of Stock Awards. The Board at any time, and from time to time, may amend the terms of any one or more Stock
Awards; provided, however, that the rights under any Stock Award shall not be impaired by any such amendment unless (i) the Company requests the
consent of the Participant and (ii) the Participant consents in writing. 

13.  Termination or Suspension of the Plan. 

        (a)  Plan Term. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on
the day before the tenth (10th) anniversary of the date the Plan is approved by the Board or the stockholders of the Company, whichever is earlier. No Stock Awards may be granted under the Plan while
the Plan is suspended or after it is terminated. 

        (b)  No Impairment of Rights. Suspension or termination of the Plan shall not impair rights and obligations under any Stock
Award granted while the Plan is in effect except with the written consent of the Participant. 

14.  Effective Date of Plan. 

        The
Plan shall become effective upon the effective date of the Company's first registered offering of its Common Stock to the public, but no Stock Award shall be exercised (or, in the
case of a stock bonus, shall be granted) unless and until the Plan has been approved by the Stockholders of the Company, which approval shall be within twelve (12) months before or after the
date the Plan is adopted by the Board. 

15.  Choice of Law. 

        The
law of the State of Delaware shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to such state's conflict of laws rules. 

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Exhibit 4.7    
  

        THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE LAWS,
AND NO INTEREST THEREIN MAY BE SOLD, DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT (i) AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO, (ii) AN
OPINION OF COUNSEL FOR THE HOLDER THAT SUCH REGISTRATION IS NOT REQUIRED OR (iii) RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION TO THE EFFECT THAT
REGISTRATION UNDER THE ACT IS NOT REQUIRED. THIS WARRANT OR ANY CERTIFICATE FOR SUCH SECURITIES MUST BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, PLEDGE,
HYPOTHECATION OR ANY OTHER TRANSFER OF ANY INTEREST IN ANY OF THE SECURITIES REPRESENTED HEREBY OR THEREBY. 

	No. CS-4	 	Expiration: Governed by Section 1(c) hereof.

HEALTHETECH, INC.

COMMON STOCK WARRANT  

        This certifies that, for value received in connection with that certain Agency Agreement (the "Agency Agreement")
by and between HealtheTech, Inc., a Delaware corporation (the "Company"), and American Sales & Merchandising, LLC, a Main limited
liability company ("ASM"), dated as of December 7, 2001, as amended on May 7, 2002, ASM (together with any permitted assignee(s), the
"Holder") is entitled, upon the terms and subject to the conditions hereinafter set forth, for a period of one (1) year from the date on which
Wal-Mart Stores, Inc. or any of its subsidiaries or affiliates ("Walmart") issues a Walmart vendor number/product ID number to the
Company for any of its products or services (the "Exercise Period"), to acquire from the Company an aggregate of 128,887
fully paid and nonassessable shares of Common Stock of the Company (the "Warrant Stock") at an exercise price of $10.00 per share (the
"Exercise Price"). Such number of shares, type of security and Exercise Price are subject to adjustment as provided herein, and all references to
"Warrant Stock" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments. 

        1.    Exercise of Warrant; Termination.    

        Subject
to the expiration provisions set forth in Section 1.5 of the Agency Agreement, the purchase rights represented by this Warrant are exercisable by the Holder hereof, in
whole or in part, at any time and from time to time during the Exercise Period by: 

        (a)  The
surrender of this Warrant and the Notice of Exercise in the form attached hereto as Attachment A duly executed and
the Investment Representation Statement in the form attached hereto as Attachment B duly executed to the Company's headquarters at the address set forth
on the signature page hereof (or such other office or agency of the Company as it may designate by notice in writing to the Holder hereof at the address of such holder appearing on the books of
the Company); and 

        (b)  Upon
payment of the Exercise Price for the shares thereby purchased (by cash or by check or bank draft payable to the order of the Company or by cancellation of
indebtedness of the Company to the Holder hereof, if any, at the time of exercise in an amount equal to the purchase price of the shares thereby purchased). 

        Upon
the Company's receipt of the Warrant, the executed Notice of Exercise, the executed Investment Representation Statement and the payment of the Exercise Price, the Holder of this
Warrant shall be entitled to receive from the Company a stock certificate in proper form 

1

 

representing the number of shares of Warrant Stock so purchased, and a new Warrant in substantially identical form, and dated as of such exercise for the purchase of that number of shares of Warrant
Stock equal to the difference, if any, between the number of shares of Warrant Stock subject hereto and the number of shares of Warrant Stock as to which this Warrant is so exercised; provided that
such new Warrant shall have the same Exercise Period as this Warrant. 

        (c)  This
Warrant shall immediately terminate and become null and void in all respects upon the earlier of: (i) the expiration of this Warrant pursuant to
Section 1.5 of the Agency Agreement or (ii) the expiration of the Exercise Period. 

        2.    Issuance of Shares; No Fractional Shares or Scrip.    

        Certificates
for shares purchased hereunder or issuable upon exercise hereof shall be delivered to the Holder within a reasonable time after the date on which this Warrant shall have
been exercised in accordance with the terms hereof. The Company hereby represents and warrants that all shares of Warrant Stock which may be issued upon the exercise of this Warrant will, upon such
exercise, be duly and validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issuance thereof (other than liens or charges created by
or imposed upon the holder of the Warrant Stock). The Company agrees that the shares so issued shall be and shall for all purposes be deemed to have been issued to such holder as the record owner of
such shares as of the close of business on the date on which this Warrant shall have been exercised or converted in accordance with the terms hereof. No fractional shares or scrip representing
fractional shares shall be issued upon the exercise of this Warrant. With respect to any fraction of a share called for upon the exercise of this Warrant, an amount equal to such fraction multiplied
by the Fair Market Value of a share of Warrant Stock on the date of exercise shall be paid in cash or check to the Holder. 

        3.    Registraiton Rights.    

        The
Warrant Stock issued upon exercise of this Warrant shall have certain registration rights as set forth in Attachment C. 

        4.    Representations and Warranties of the Holder.    

        (a)    No Registration.    The Holder understands that this Warrant and the Warrant Stock (the
"Securities") have not been registered under the Securities Act of 1933, as amended (the "Securities
Act") by reason of a specific exemption from the registration provisions of the Securities Act, the availability of which depends upon, among other things, the bona fide nature
of the investment intent and the accuracy of the Holder's representations as expressed herein or otherwise made pursuant hereto. 

        (b)    Investment Intent.    The Holder is acquiring the Securities for investment for its own account, not as a
nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof. 

        (c)    Investment Experience.    The Holder has substantial experience in evaluating and investing in private
placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its
own interests. 

        (d)    Speculative Nature of Investment.    The Holder acknowledges that its investment in the Company is highly
speculative and entails a substantial degree of risk and the Holder is in a position to lose the entire amount of such investment. 

        (e)    Access to Data.    The Holder has had an opportunity to discuss the Company's business, management and
financial affairs with the Company's management. The Holder has also had an opportunity to ask questions of officers of the Company, which questions were answered to its 

2

 

satisfaction. The Holder understands that such discussions, as well as any information issued by the Company, were intended to describe certain aspects of the Company's business and prospects, but
were not necessarily a thorough or exhaustive description. The Holder acknowledges that any business plans prepared by the Company have been, and continue to be, subject to change and that any
projections included in such business plans or otherwise are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not
materialize or will vary significantly from actual results. 

        (f)    Accredited Investor.    The Holder is an "accredited investor" within the meaning of Regulation D,
Rule 501(a), promulgated by the Securities and Exchange Commission. 

        (g)    Residency.    The residency of the Holder (or, in the case of a partnership or corporation, such entity's
principal place of business) is correctly set forth on the signature page hereto. 

        (h)    Restriction on Resales.    The Holder acknowledges that the Securities must be held indefinitely unless
subsequently registered under the Securities Act or unless an exemption from such registration is available. The Company has no present intention of registering such Securities. The Holder further
understands that there is no assurance that any exemption from registration under the Securities Act will be available or, if available, that such exemption will allow the Holder to dispose of or
otherwise transfer any or all of the Securities under the circumstances, in the amounts or at the times the Holder might propose. 

        (i)    Brokers and Finders.    The Holder has not engaged any brokers, finders or agents in connection with this
Warrant, and the Company has not incurred and will not incur, directly or indirectly, as a result of any action taken by the Holder, any liability for brokerage or finders' fees or agents' commissions
or any similar charges in connection with this Warrant. 

        (j)    Investor Counsel.    The Holder acknowledges that it has had the opportunity to review this Warrant, the
exhibits and schedules attached thereto and the transactions contemplated by this Warrant with its own legal counsel. The Holder is relying solely on such counsel and not on any statements or
representations of the Company or its agents for legal advice with respect to this investment or the transactions contemplated by this Warrant. 

        (k)    Tax Advisors.    The Holder has reviewed with its own tax advisors the U.S. federal, state, local and foreign
tax consequences of this investment and the transactions contemplated by this Warrant. With respect to such matters, the Holder relies solely on such advisors and not on any statements or
representations of the Company or any of its agents, written or oral. The Holder understands that it (and not the Company) shall be responsible for its own tax liability that may arise as a result of
this investment or the transactions contemplated by this Warrant. 

        5.    Charges, Taxes and Expenses.    

        Issuance
of certificates for shares of Warrant Stock upon the exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax or other incidental
expense in respect of the issuance of such certificate, all of which taxes and expenses shall be paid by the Company, and such certificates shall be issued in the name of the Holder or in such name or
names as may be directed by the Holder provided, however, that in the event certificates for shares of Warrant Stock are to be issued in a name other than the name of the Holder, this Warrant when
surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder. 

        6.    No Rights as Stockholder.    

        This
Warrant does not entitle the Holder to any voting rights or other rights as a stockholder of the Company prior to the exercise hereof. 

3

 

        7.    Market Stand-Off Agreement.    

        The
Holder, by acceptance hereof, hereby agrees not to sell or otherwise transfer or dispose of this Warrant, any Warrant Stock or other securities of the Company held by such person or
entity for a period of one hundred eighty (180) days following the effective date of the first registration statement of the Company filed under the Securities Act, provided, that all officers
and directors of the Company and holders of 1% or more of the Company's outstanding shares enter or have entered into similar agreements. The Holder agrees to execute a market stand-off
agreement with the managing underwriter of an underwritten public offering by the Company of Common Stock in customary form, including a market stand-off agreement substantially in the
form attached as Attachment D. The Company may impose a stop-transfer instruction with respect to this Warrant, any Warrant Stock or other
securities of the Company held by such person or entity until the end of the applicable market stand-off period. 

        8.    Exchange and Registry of Warrant.    

        This
Warrant is exchangeable, upon the surrender hereof by the Holder at the above-mentioned office or agency of the Company, for a new Warrant in substantially identical form and dated
as of such exchange. Any such exchange of this Warrant shall not extend or in any way affect the termination provisions set forth in Section 1(c) above. The Company shall maintain at the
above-mentioned office or agency a registry showing the name and address of the registered holder of this Warrant. This Warrant may be surrendered for exchange, transfer or exercise, in accordance
with its terms, at such office or agency of the Company, and the Company shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry. 

        9.    Loss, Theft, Destruction or Mutilation of Warrant.    

        On
receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant, and in case of any such loss, theft or
destruction of this Warrant, on delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender and cancellation of
such Warrant, the Company will execute and deliver to the Holder, in lieu thereof, a new warrant in substantially identical form, dated as of such cancellation and reissuance. Such issuance of a
replacement Warrant shall in no way extend or otherwise affect the termination provisions set forth in Section 1(c) above. 

        10.    Saturdays, Sundays and Holidays.    

        If
the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday or a Sunday or shall be a legal holiday, then such
action may be taken or such right may be exercised on the next succeeding business day. 

        11.    Adjustment to Number and Type of Securities, Exercise Price.    

        The
type and number of securities of the Company issuable upon exercise of this Warrant and the Exercise Price are subject to adjustment from time to time upon the occurrence of certain
events as set forth below: 

        (a)    Reclassification, Consolidation or Merger.    In case of any reclassification or change of the outstanding
securities of the class issuable upon exercise of this Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision
or combination), or in case of any consolidation or merger of the Company with or into another
corporation, the Company, or such successor corporation, as the case may be, shall execute a new Warrant, providing that the holder of this Warrant shall have the right to exercise such new Warrant
and procure upon such exercise in lieu of each share of Common Stock theretofore issuable upon exercise of this Warrant the kind and amount of shares of stock, other securities, money and property
receivable upon such reclassification, change, consolidation or 

4

 

merger by a holder of one share of Common Stock. Such new Warrant shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this
Section 11. The provisions of this subsection (a) shall similarly apply to successive reclassifications, changes, consolidations and mergers. 

        (b)    Subdivision or Combination of Warrant Stock.    If the Company at any time while this Warrant, or any portion
hereof, remains outstanding and unexpired shall split, subdivide or combine the shares of Warrant Stock into a different number of securities of the same class, the number of shares of Warrant Stock
issuable upon exercise of this Warrant shall be proportionately increased and the Exercise Price for such securities shall be proportionately decreased in the case of a split or subdivision, and
likewise, the number of shares of Warrant Stock issuable upon exercise of this Warrant shall be proportionately decreased and the Exercise Price proportionately increased in the case of a combination. 

        (c)    Stock Dividends.    If the Company at any time while this Warrant is outstanding and unexpired shall pay a
dividend with respect to Common Stock payable in shares of Common Stock, options or convertible securities, or make any other distribution with respect to Common Stock (except any distribution
specifically provided for in the foregoing subparagraphs (a) and (b)) then, in each such case, the Holder of this Warrant on exercise hereof at any time after the consummation, effective date
or record date of such dividend or other distribution, shall receive, in addition to the shares of Warrant Stock (or such other stock or securities) issuable on such exercise prior to such date, and
without the payment of additional consideration therefor, the securities or such other assets of the Company to which such Holder would have been entitled upon such date if such Holder had exercised
this Warrant on the date hereof and had thereafter, during the period from the date hereof to and including the date of such exercise, retained such shares and/or all other additional stock available
by it as aforesaid during such period giving effect to all adjustments called for by this Section 11. 

        (d)    Adjustment of Number of Warrant Stock.    Upon each adjustment in the Exercise Price, the number of shares of
stock purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Warrant Stock purchasable immediately prior to such adjustment in the
Exercise Price by a fraction, the numerator of which shall be the Exercise Price immediately prior to such adjustment and the denominator of which shall be the Exercise Price immediately thereafter.
No adjustment under this Section 11 shall extend or in any way affect the termination provisions set forth in Section 1(c) above. 

        12.    Notices.    

        In
the event (i) the Company takes a record of the holders of its Common Stock (or other stock or securities at the time receivable upon exercise of this Warrant) for the purpose
of entitling them to receive any dividend or other distribution, or any right to subscribe for or purchase any shares of stock of any class or any other security; or (ii) of any voluntary
dissolution, liquidation or winding-up of the Company; then, and in each such case, the Company will mail or cause to be mailed to the holder of this Warrant a notice specifying, as the
case may be (a) the date on which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right,
or (b) the date on which such dissolution, liquidation or winding-up is to take place and the time, if any is to be fixed, as of which the holders of record of Common Stock (or such
other stock or securities at the time receivable upon the exercise of this Warrant) will be entitled to exchange their shares of Common Stock (or such other stock or securities) for securities or
other property deliverable upon such dissolution, liquidation or winding-up. Such notice shall be mailed at least ten (10) days prior to the date specified therein. 

5

 

        13.    Governing Law.    

        This
Warrant shall be governed by and construed in accordance with the laws of the State of Delaware. 

        14.    Compliance with Securities Act: Non-transferability of Warrant: Disposition of Shares of Stock.    

        (a)    Compliance with Securities Act.    The Holder, by acceptance hereof, agrees that this Warrant and the Warrant
Stock are being acquired for investment and that it will not offer, sell or otherwise dispose of this Warrant or any Warrant Stock except under circumstances which will not result in a violation of
the Securities Act of 1933, as amended (the "Act"). Upon exercise of this Warrant, the Holder hereof shall confirm in writing, in the form of the Investment Representation Statement attached as  Attachment B, that the Warrant Stock so purchased are being acquired for investment and not with a view toward distribution or resale. In addition, the
Holder shall provide such additional information regarding such Holder's financial and investment background as the Company may reasonably request. This Warrant and all Warrant Stock (unless
registered under the Act) shall be stamped or imprinted with a legend in substantially the following form: 

"THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY AND WITHOUT AN EFFECTIVE
REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR THE HOLDER, SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION
LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION." 

        (b)    Disposition of Warrant Stock.    With respect to any offer, sale or other disposition of any Warrant Stock
prior to registration of such shares, the Holder and each subsequent Holder of this Warrant agrees to give written notice to the Company prior thereto, describing briefly the manner thereof, together
with a written opinion of such Holder's counsel, if reasonably requested by the Company, to the effect that such offer, sale or other disposition may be effected without registration or qualification
(under the Act as then in effect or any federal or state law then in effect) of such Warrant Stock and indicating whether or not under the Act certificates for such shares to be sold or otherwise
disposed of require any restrictive legend as to applicable restrictions on transferability in order to ensure compliance with the Act, provided, however, that no such opinion of counsel or no action
letter shall be necessary for a transfer without consideration by a Holder which is a partnership to a partner of such partnership, so long as such transfer is made pursuant to the terms of the
partnership agreement, or to the transfer by gift, will or intestate succession by the Holder to his or her spouse or Ancestors or any trust for the benefit of any of the foregoing if the transferee
agrees in writing to be subject to the terms hereof to the same extent as if he/she were an original Holder hereunder. Notwithstanding the foregoing, such Warrant Stock may be offered, sold or
otherwise disposed of in accordance with Rule 144. 

        (c)    Transfer And Exchange.    Subject to the terms and conditions of this Warrant and compliance with all
applicable securities laws, this Warrant and all rights hereunder may be transferred to any Holder parent, subsidiary or affiliate of Holder, in whole or in part, on the books of the Company
maintained for such purpose at the principal office of the Company referred to above, by the Holder hereof in person, or by duly authorized attorney, upon surrender of this Warrant properly endorsed
and upon payment of any necessary transfer tax or other governmental charge imposed upon such transfer, along with a notice in the form of Attachment E. 

        Upon
any permitted partial transfer, the Company will issue and deliver to the Holder a new Warrant or Warrants with respect to the shares of Warrant Stock not so transferred. Each taker
and holder of this Warrant, by taking or holding the same, consents and agrees that when this 

6

 

Warrant shall have been so endorsed, the person in possession of this Warrant may be treated by the Company, and all other persons dealing with this Warrant, as the absolute owner hereof for any
purpose and as the person entitled to exercise the rights represented hereby, any notice to the contrary notwithstanding; provided, however that until a transfer of this Warrant is duly registered on
the books of the Company, the Company may treat the Holder hereof as the owner for all purposes. 

        15.    Miscellaneous.    

        The
headings in this Warrant are for purposes of convenience and reference only, and shall not be deemed to constitute a part hereof. Neither this Warrant nor any term hereof may be
changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the Company and the Holder. All notices and other communications from the Company to the Holder shall
be delivered by hand or mailed by first-class registered or certified mail, postage prepaid, to the address furnished to the Company in writing by the Holder. 

(Signature page follows)

7

 

        IN
WITNESS WHEREOF, the Parties have caused this Warrant to be executed by duly authorized officers. 

Dated:
June 27, 2002 

	

 	
 	

HealtheTech, Inc.
	

 	
 	

By:	
 	

/s/  JAMES R. MAULT      

	 	 	Title:	 	CEO
	 	 	Address:	 	523 Park Point Drive, 3rd Floor

Golden, Colorado 80401
	

 	
 	

American Sales & Merchandising, LLC
	

 	
 	

By:	
 	

/s/  MICHAEL A. LIBERTY      

	 	 	Title:	 	President, CEO, Manager
	 	 	Address:	 	443 Congress Street

Portland, ME 04101

8

ATTACHMENT A

NOTICE OF EXERCISE  

To:
HealtheTech, Inc. 

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

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

	 	 	
 (Name)
	

 	
 	

 (Address)

        (3)  The
undersigned represents that the aforesaid shares are being acquired for the account of the undersigned for investment and not with a view to, or for resale in
connection with, the distribution thereof and that the undersigned has no present intention of distributing or reselling such shares, except in compliance with applicable federal and state securities
laws. 

	
	 	

	(Date)	 	 

ATTACHMENT B

INVESTMENT REPRESENTATION STATEMENT  

	PURCHASER:	 	American Sales & Merchandising LLC
	

COMPANY:	
 	

HealtheTech, Inc.
	

SECURITY:	
 	

Common Stock
	

AMOUNT:	
 	

 
	

DATE:	
 	

 

In
connection with the purchase of the above-listed Securities, the undersigned Purchaser represents to the Company the following: 

        (a)  Purchaser
is aware of the Company's business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and
knowledgeable decision to acquire the Securities. Purchaser is acquiring these Securities for investment for Purchaser's own account only and not with a view to, or for resale in connection with, any
"distribution" thereof within the meaning of the Securities Act of 1933, as amended (the "Securities Act"). 

        (b)  Purchaser
acknowledges and understands that the Securities constitute "restricted securities" under the Securities Act and have not been registered under the Securities
Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Purchaser's investment intent as expressed herein. In this connection,
Purchaser understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Purchaser's representation was predicated solely upon a
present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the
Securities, or for a period of one year or any other fixed period in the future. 

        (c)  Purchaser
further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such
registration is available. Purchaser further acknowledges and understands that the Company is under no obligation to register the Securities. Purchaser understands that the certificate evidencing the
Securities will be imprinted with a legend which prohibits the transfer of the Securities unless they are registered or such registration is not required in the opinion of counsel satisfactory to the
Company. 

        (d)  Purchaser
is familiar with the provisions of Rule Rule 144, promulgated under the Securities Act, which, in substance, permit limited public resale of
"restricted securities" acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the satisfaction of certain conditions. 

        (e)  Purchaser
further understands that in the event all of the applicable requirements of Rule144 are not satisfied, registration under the Securities Act, compliance with
Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rule144 is not exclusive, the Staff of the Securities and Exchange Commission has
expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden of
proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in 

such transactions do so at their own risk. Purchaser understands that no assurances can be given that any such other registration exemption will be available in such event. 

	

 	
 	

Signature of Purchaser:
	

 	
 	

American Sales & Merchandising LLC
	

 	
 	

By:	
 	

	 	 	Title:	 	 
	 	 	Date:	 	                        , 200  

ATTACHMENT C

REGISTRATION RIGHTS  

        1.    Company Registration.    

        (a)    Registration.    If at any time or from time to time, the Company shall determine to register any of its
securities for its own account, other than (i) a registration on Form S-8 (or a similar or successor form) relating solely to employee stock option, stock purchase or other
benefit plans, or (ii) a registration on Form S-4 (or similar or successor form) relating solely to a Securities and Exchange Commission (the "Commission") Rule 145
transaction, the Company will: 

        (i)    promptly
give to the Holder written notice thereof; and 

        (ii)  offer
to include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Warrant
Stock specified in a written request or requests, made within 15 days after mailing of written notice by the Company. 

        (b)    Underwriting.    If the registration of which the Company gives notice is for a registered public offering
involving an underwriting, the Company shall so advise the Holder as a part of the written notice given pursuant to Section 1(a)(i) above. In such event the right of the Holder to
registration pursuant to this section shall be conditioned upon such Holder's participation in such underwriting and the inclusion of such Warrant Stock in the underwriting to the extent
provided herein. 

        The
Holder proposing to distribute the Warrant Stock through such underwriting shall (together with the Company and, if applicable, any other holders distributing their securities
through such underwriting) enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the Company. Notwithstanding any other
provision of this section, if the managing underwriter determines that marketing factors require a limitation of the number of shares to be underwritten, the underwriter may limit the number or
exclude all of the Warrant Stock to be included in the registration and underwriting. The number of securities includable by the Holder may, in the discretion of the underwriters, be rounded to the
nearest one hundred shares. No securities excluded from the underwriting by reason of the underwriter's marketing limitation shall be included in such registration. If some but not all of the Warrant
Stock are to be excluded from a registration, the Warrant Stock to be included in the registration shall be allocated on a pro rata basis based on the total number of shares of all securities being
included in such registration; provided that no Registrable Securities, as that term is defined in that Sixth Amended and Restated Investor Rights Agreement made as of June 21, 2001 (the "IRA")
by and among the Company, the New Series C Investors (as defined in the IRA), the Prior Series C Investors (as defined in the IRA), the Founders (as defined in the IRA), the
Baby-C Holders (as defined in the IRA) and the Series A Investors and Series B Investors (as defined in the IRA), shall be excluded from any Company Registration underwriting
until all shares of Warrant Stock have been excluded from such underwriting. 

        If
the Holder disapproves of the terms of any such underwriting, the Holder may elect to withdraw therefrom by written notice to the Company and the underwriter. Any securities excluded
or withdrawn from such underwriting shall be withdrawn from such registration. 

        If
the underwriter has not limited the number of such shares to be underwritten for the Company's account and the account of the Holder, the Company may then include securities for the
account of employees, officers, directors and consultants. 

        (c)    Right to Terminate Registration.    The Company shall have the right to terminate or withdraw any registration
initiated by it under this Section 1 prior to the effectiveness of such registration whether or not the Holder has elected to include the Warrant Stock in such registration. 

        2.    Registration Procedures.    In the case of each registration, qualification or compliance effected by the
Company pursuant to this section, the Company will keep the Holder advised in writing as to the
initiation of each registration, qualification and compliance and as to the completion thereof. At its expense the Company will: 

        (a)  Prepare
and file with the SEC a registration statement with respect to such securities and use reasonable efforts to cause such registration statement to become and
remain effective for at least 180 days or until the Holder have completed the distribution described in the registration statement relating thereto, whichever first occurs; and 

        (b)  Furnish
to the Holder participating in the registration such number of prospectuses, preliminary prospectuses, final prospectuses and such other documents as the Holder
may reasonably request in order to facilitate the public sale or other disposition of the Warrant Stock being sold by the Holder. 

        3.    Information by Holder.    If any of the Warrant Stock are included in any registration, the Holder shall furnish
to the Company such information regarding the Holder and the distribution proposed by the Holder as the Company may reasonably request in writing and as shall be required in connection with any
registration, qualification or compliance referred to in this section. 

        4.    Assignment of Registration Rights.    The rights to cause the Company to register securities and related rights
granted the Holder under this section may not be assigned except (i) to a successor entity to the Holder pursuant to a reorganization or recapitalization of such Holder or (ii) to
the constituent partners or affiliates of the Holder; provided, that the Company receives notice within a reasonable time after such assignment and the transferee agrees in writing to be bound by the
provisions hereof. 

        5.    Termination of Registration Rights.    The registration rights granted pursuant to this section shall
terminate upon the occurrence of any of the following: 

        (a)  Following
the Company's first registered offering to the public, of its Common Stock and registration of its Common Stock under the Exchange Act, at such time as all
Warrant Stock held by the Holder can be sold within a given three (3) month period without compliance with the registration requirements of the Securities Act pursuant to Rule 144 (or
its successor provision); or 

        (b)  Three years
from the effective date of the Company's first registered offering to the public. 

ATTACHMENT D

FORM OF MARKET STAND-OFF AGREEMENT  

June     ,
2002 

HealtheTech, Inc.

523 Park Point Drive, 3d Floor

Golden, CO 80401 

Credit
Suisse First Boston Corporation

UBS Warburg

William Blair & Company, LLC

Stifel, Nicolaus & Company, Incorporated 

c/o
Credit Suisse First Boston Corporation

Eleven Madison Avenue

New York, NY 10010-3629 

Dear
Sirs: 

        As
an inducement to the Underwriters to execute the Underwriting Agreement, pursuant to which an offering will be made that is intended to result in the establishment of a public market
for the common stock, par value $.001 per share (the "Securities"), of HealtheTech, Inc., and any successor (by merger or otherwise) thereto, (the "Company"), the undersigned hereby agrees that
from the date hereof and until 180 days after the public offering date set forth on the final prospectus used to sell the Securities (the "Public Offering Date") pursuant to the Underwriting
Agreement, to which you are or expect to become parties, the undersigned will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of Securities or
securities convertible into or exchangeable or exercisable for any shares of Securities, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement
that transfers, in whole or in part, any of the economic consequences of ownership of the Securities, whether any such aforementioned transaction is to be settled by delivery of the Securities or such
other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement,
without, in each case, the prior written consent of
Credit Suisse First Boston Corporation. In addition, the undersigned agrees that, without the prior written consent of Credit Suisse First Boston Corporation, it will not, during the period commencing
on the date hereof and ending 180 days after the Public Offering Date, make any demand for or exercise any right with respect to, the registration of any Securities or any security convertible
into or exercisable or exchangeable for the Securities. 

        Any
Securities received upon exercise of options granted to the undersigned will also be subject to this Agreement. Any Securities acquired by the undersigned in the open market or in
the issuer directed share program will not be subject to this Agreement. A transfer of Securities to a family member or trust may be made, provided the transferee agrees in writing to be bound by the
terms of this Agreement prior to such transfer. 

        In
furtherance of the foregoing, the Company and its transfer agent and registrar are hereby authorized to decline to make any transfer of shares of Securities if such transfer would
constitute a violation or breach of this Agreement. 

        This
Agreement shall be binding on the undersigned and the successors, heirs, personal representatives and assigns of the undersigned. This Agreement shall lapse and become null and void
if the Public Offering Date shall not have occurred on or before September 30, 2002. 

	 Very truly yours,	 	 
	

 (Signature)	
 	

 
	

 (Print Name)	
 	

 
	

 (Print title if signing on behalf of an entity)	
 	

 
	

Dated:	
 	

	
 	

 

ATTACHMENT E

ASSIGNMENT FORM  

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

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

	
 (Please Print)	 	 
	

whose address is	
 	

 (Please Print)	
 	

 
	

Dated:	
 	

	
 	

 
	

Holder's Signature:	
 	

	
 	

 
	

Holder's Address:	
 	

	
 	

 
	

 	
 	

	
 	

 
	

Guaranteed Signature:	
 	

	
 	

 

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

QuickLinks

Exhibit 4.7

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