Document:

Exhibit 4.7(a)

 

GENETRONICS
BIOMEDICAL CORPORATION

11199 Sorrento Valley Road

San Diego, CA 92121-1334

 

July 14, 2003

 

Catalyst Capital, LLC

4001 S. Decatur Blvd.

#37-560, Las Vegas

NV 89103

 

Attention:

 

Dear Sirs:

 

Amendment
to Financial Consultant Agreement

 

We refer to the financial consultant agreement (the
“Agreement”) between Genetronics Biomedical Corporation (the “Company”) and
Catalyst Capital LLC (the “Consultant”) dated October 3, 2002.  All capitalized terms used herein but not
defined in this amending agreement have the meanings given to them in the
Agreement.

 

Section 5(a) of the Agreement provides that the
Company agrees to pay to the Consultant a Consulting Fee of Seventy Five
Thousand Dollars ($75,000) in accordance with the terms of the Agreement.  Pursuant to the structuring of a financing
and further negotiation between the parties, the parties wish to amend section
5(a) of the Agreement to reflect that the Company agrees to pay to the
Consultant a one – time flat fee of Fifty Thousand Dollars ($50,000).

 

In consideration of the agreements referred to
herein, the parties agree to amend section 5(a) of the Agreement by deleting
the following from the second line “Seventy Five Thousand Dollars ($75,000)”
and replacing it with “Fifty Thousand Dollars ($50,000)” payable in shares of
common stock of the Company, the value of which is based on a ten day trading
average prior to closing the Financing.

 

Except as amended herein, the Agreement remains in
full force and effect in accordance with its original terms and conditions.

 

This agreement shall be construed and interpreted in
accordance with the laws of the State of Nevada.

 

Please confirm your acceptance of these amendments by
signing and returning to us the duplicate of this letter attached herewith.  Thank you.

 

 

	
   

  	
   

  	
  GENETRONICS BIOMEDICAL CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ James L. Heppell

  	
   

  
	
   

  	
   

  	
  Name:

  	
  James L. Heppell

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CATALYST
  CAPITAL LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Kiran Sidhu

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kiran Sidhu

  
	
   

  	
   

  	
  Title:

  	
  Managing MemberExhibit 4.8

 

 

 

 

 

	
   

  	
  GENETRONICS

  BIOMEDICAL CORPORATION

  	
   

  
	
  NUMBER

  	
  SHARES

  
	
   

  	
  INCORPORATED
  UNDER THE LAWS OF THE STATE OF DELAWARE

  	
   

  
	
  GB

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  THIS
  CERTIFICATE IS TRANSFERABLE

  IN VANCOUVER, B.C., TORONTO, ONT. OR DENVER, CO.

  	
   

  	
  SEE
  REVERSE FOR CERTAIN DEFINITIONS

  CUSIP 371916 10 7

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  This certifies that

  	
   

  	
   

  
	
  is the owner of

  	
   

  	
   

  
				

 

 

 

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $0.001 PAR
VALUE, OF

 

GENETRONICS
BIOMEDICAL CORPORATION transferable only on the books
of the Corporation by the holder hereof in person or by Attorney upon surrender
of this Certificate properly endorsed. This Certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar.

 

IN WITNESS
WHEREOF, the said Corporation has caused this Certificate to be signed by its
duly authorized officers and its Corporate Seal to be hereunto affixed.

 

DATED:

 

	
   

  	
   

  	
   

  
	
   

  	
  [SEAL]

  	
   

  
	
  SECRETARY

  	
   

  	
  PRESIDENT AND CHIEF
  EXECUTIVE OFFICER

  

 

	
  COUNTERSIGNED AND
  REGISTERED:

  	
   

  	
  COUNTERSIGNED AND
  REGISTERED:

  
	
    COMPUTERSHARE TRUST COMPANY OF CANADA

  	
   

  	
    COMPUTERSHARE TRUST COMPANY, INC.

  
	
      VANCOUVER AND TORONTO

  	
   

  	
        P.O. BOX 1596

  
	
          TRANSFER AGENT AND REGISTRAR

  	
   

  	
            DENVER, COLORADO 80201

  
	
   

  	
   

  	
              CO-TRANSFER AGENT AND REGISTRAR

  
	
   

  	
   

  	
   

  
	
  BY

  	
   

  	
   

  	
  BY

  	
   

  
	
   

  	
  AUTHORIZED
  SIGNATURE

  	
   

  	
   

  	
  AUTHORIZED
  SIGNATURE

  

 

 

GENETRONICS BIOMEDICAL CORPORATION

 

The Corporation will furnish to
any stockholder upon request and without charge a full statement of the
designations, preferences and relative, participating, optional or other
special rights of each class of stock or series thereof and the qualifications,
limitations or restrictions of such preferences and/or rights.

 

The following
abbreviations, when used in the inscription on the face of this Certificate,
shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	
  TEN COM

  	
  —

  	
  as tenants in common

  	
   

  	
  UNIF GIFT MIN ACT—

  	
   

  	
  Custodian

  	
   

  
	
  TEN ENT

  	
  —

  	
  as tenants by the
  entireties

  	
   

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  
	
  JT TEN

  	
  —

  	
  as joint tenants with right
  of survivorship and not as tenants in common

  	
   

  	
   

  	
  under Uniform Gifts to
  Minors

  
	
  Act

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
                             (State)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
									

 

Additional abbreviations may also be used though not in the above list.

 

	
  For Value Received,

  	
   

  	
  hereby
  calls, assigns and transfers unto

  

 

	
   

  	
   

  	
   

  
	
  PLEASE
  INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

  	
   

  

 

	
   

  
	
  (PLEASE
  PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
	
   

  
	
   

  
	
   

  
	
   

  	
  Shares

  
	
  of the capital stock
  represented by the within Certificate, and do hereby irrevocably constitute
  and appoint

  
	
   

  
	
   

  	
  Attorney

  
	
  to transfer the said stock
  on the books of the within named Corporation with full power of substitution
  in the premises.

  

 

	
  Dated

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
  x

  	
   

  
	
  NOTICE: THE SIGNATURE(S) TO
  THE ASSIGNMENT MUST CORRESPOND WITH THE NAMES AS WRITTEN UPON THE FACE OF THE
  CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
  CHANGE WHATEVER.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  x

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE SIGNATURE(S) MUST BE
  GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS
  AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
  SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.<Page>

                                                                     EXHIBIT 4.1

012575

[GRAPHIC]

[GRAPHIC]

                        THIS CERTIFICATE IS TRANSFERABLE
                IN CANTON, MA, JERSEY CITY, NJ AND NEW YORK, NY

                           INCORPORATED UNDER THE LAWS
                            OF THE STATE OF DELAWARE

[VASO ACTIVE LOGO]

                        VASO ACTIVE PHARMACEUTICALS, INC.

[GRAPHIC]

                                     CLASS A
                                  COMMON STOCK

                                CUSIP 92232R 10 7
                      SEE REVERSE FOR CERTAIN DEFINITIONS

THIS CERTIFIES that

is the owner of

 FULLY PAID AND NONASSESSABLE SHARES OF CLASS A COMMON STOCK, $.0001 PAR VALUE
                                 PER SHARE, OF

              ======== VASO ACTIVE PHARMACEUTICALS, INC. ========

The shares represented by this Certificate are transferable only on the stock
transfer books of VASO ACTIVE PHARMACEUTICALS, INC. (the "Corporation") by the
holder of record hereof, or by his duly authorized attorney or legal
representative, upon the surrender of this Certificate properly endorsed. This
Certificate and the shares represented hereby are issued and shall be held
subject to the laws of the State of Delaware and to all the provisions of the
Certificate of Incorporation of the Corporation and any amendments thereto
(copies of which are on file at the principal executive offices of the
Corporation), to all of which provisions the holder by acceptance hereof,
assents.

[ILLEGIBLE]

                              CERTIFICATE OF STOCK

Dated:

/s/ [ILLEGIBLE]
      SECRETARY

8.14.03
ABM SECOL

[SEAL]

/s/ [ILLEGIBLE]
      PRESIDENT

8.14.03
ABM SECOL

[GRAPHIC]

COUNTERSIGNED AND REGISTERED:
                         EQUISERVE TRUST COMPANY, N. A.
                                                                  TRANSFER AGENT
                                                                   AND REGISTRAR

BY: /s/ [ILLEGIBLE]
                                                              AUTHORIZED OFFICER

<Page>

                        VASO ACTIVE PHARMACEUTICALS, INC.

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construted as though they were written out in full
according to applicable laws or regulations:

<Table>
     <S>                                                 <C>
     TEN COM - as tenants in common                       UNIF GIFT MIN ACT-___________Custodian____________
     TEN ENT - as tenants by the entireties                                   (Cust)              (Minor)
     JT TEN  - as joint tenants with right                                  Under Uniform Gifts to Minors Act
               of survivorship and not as tenants                           ________________
               in common                                                        (State)

                                                         UNIF TRANS MIN ACT-___________Custodian____________
                                                                              (Cust)               (Minor)
                                                                           Under Uniform Transfers to Minors Act
                                                                           ________________
                                                                               (State)
</Table>

     Additional abbreviations may also be used though not in the above list.

     FOR VALUE RECEIVED,_________________________________________________ hereby
sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE

________________________________________________________________________________

________________________________________________________________________________
Please print or typewrite name and address including postal zip code of assignee

________________________________________________________________________________

________________________________________________________________________________

_________________________________________________________________________ Shares
of Common Stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint

_____________________________________________________________________________ as
Attorney to transfer the said shares on the books of the within named
Corporation with full power of substitution in the premises.

Dated
      ------------------------

                                        ----------------------------------------
                               NOTICE:  THE SIGNATURE TO THIS ASSIGNMENT MUST
                                        CORRESPOND WITH THE NAME AS WRITTEN UPON
                                        THE FACE OF THE CERTIFICATE IN EVERY
                                        PARTICULAR, WITHOUT ALTERATION OR
                                        ENLARGEMENT OR ANY CHANGE WHATEVER.

                                        The shares represented by this
                                        certificate are subject to a limitation
                                        contained in the Certificate of
                                        Incorporation to the effect that in no
                                        event shall any record owner of any
                                        outstanding common stock which is
                                        beneficially owned, directly or
                                        indirectly, by person who beneficially
                                        owns in excess of 10% of the outstanding
                                        shares of common stock (the "Limit") be
                                        entitled or permitted to any vote in
                                        respect of shares held in excess of the
                                        Limit.

SIGNATURE(S) GUARANTEED:
                        --------------------------------------------------------
                        THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
                        GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND
                        LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN
                        AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM),
                        PURSUANT TO S.E.C. RULE 17Ad-15.

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR
DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO
THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

[ILLEGIBLE]

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