Document:

exv4w15

 

EXHIBIT 4.15

AMENDMENT TO SHARE PURCHASE WARRANT

OF ARTES MEDICAL, INC.

(Issued in Connection with Bridge Loan 2002)

     This Amendment dated as of June 23, 2006 (this “Amendment”), to each of the Share Purchase
Warrants (each, a “Warrant” and collectively, the “Warrants”) for the purchase of shares of Series
C-1 Preferred Stock of Artes Medical, Inc. (the “Company”) listed on Exhibit A hereto, is
made by and between the Company and each of the holders of one or more Warrants listed on
Exhibit A (each, a “Holder” and collectively, the “Holders”).

RECITALS

     Whereas, pursuant to the Preamble of each Warrant, each of the Warrants expires and
ceases to be exercisable on the earlier of (i) 5:00 P.M. Pacific Standard Time, on July 30, 2008 or
(ii) the closing of (a) the sale, lease, transfer or conveyance of all or substantially all of the
assets of the Company, (b) a consolidation of the Company with, or merger of the Company with or
into, any person (including any individual, partnership, joint venture, corporation, trust or group
thereof) other than a consolidation or merger by the Company with a subsidiary of the Company in
which the Company is the continuing entity or (c) the initial underwritten public offering of the
Company’s common stock;

     Whereas, pursuant to Section 3 of each Warrant, each Holder is entitled to exercise
such Holder’s Warrant through a “cashless exercise” feature by converting the Warrant into Warrant
Shares (as defined in each of the Warrants) at any time or from time to time during the exercise
period, the number of Warrant Shares to be computed using the Net Issuance formula provided in
Section 3.1 of the Warrant; and

     Whereas, the Company and each of the Holders desire to amend the Warrants held by the
Holders as set forth below.

AGREEMENT

     NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

     1. Amendment to Preamble. The first paragraph of the Preamble of each of the Warrants
is hereby amended and restated in its entirety to read as follows:

     “Artes Medical USA, Inc., a Delaware corporation (the “Company”), hereby certifies that, for
value received,                      (including any successors and assigns, “Holder”), is entitled,
immediately upon or after the Company completes a Qualified Equity Financing or Alternative Equity
Financing, or in the case of a Corporate Transaction, immediately prior to the consummation of the
Corporate Transaction (the earliest to occur of such dates, the “Initial Exercise Date”), and
subject to the terms set forth below, to purchase from the Company at any time or from time to time
before the earlier of (i) 5:00 P.M. Pacific Standard Time, on July 30, 2008 or (ii) the closing of
(a) the sale, lease, transfer or conveyance of all or substantially all of the assets of the
Company or (b) a consolidation of the Company with, or merger of the Company with or into, any
person (including any individual, partnership, joint venture,
corporation, trust or group thereof) other than a consolidation or merger by the Company with
a

 

 

subsidiary of the Company in which the Company is the continuing entity (the earlier to occur of
(i) or (ii) the “Expiration Date”), fully paid and nonassessable shares of the Company’s capital
stock (the “Warrant Shares”), with the number and character of the Warrant Shares and the exercise
price of the Warrant Shares to be determined as follows:”

     2. Amendment to Section 3. Section 3 of each of the Warrants is hereby deleted in its
entirety.

     3. Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the State of California as applied to agreements among California residents,
entered into and to be performed entirely within California.

     4. Successors and Assigns. This Amendment shall be binding upon, and inure to the
benefit of, the parties hereto, their respective successors and legal representatives and their
permitted assigns.

     5. Warrant Terms to Remain in Effect. Except as specifically otherwise modified
herein, each Warrant as previously executed remains in full force and effect.

     6. Effectiveness; No Amendment to Other Warrants. This Amendment shall become
effective as to each of the Warrants upon the execution and delivery by each Holder of a Warrant
Holder Election Form in the form provided by the Company to the Holder with respect to the
applicable Warrant, indicating such Holder’s agreement to be bound by this Amendment.
Notwithstanding Section 8.5 of each Warrant, this Amendment shall be effective only as to each
Warrant that the applicable Holder has elected to amend as set forth in this Section 6, and shall
not be effective as to any other warrant. Each Warrant so amended by this Amendment shall be
listed on Exhibit A.

     7. Counterparts. This Amendment may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

2

 

Acknowledged and agreed:

	 	 	 	 	 	 	 
	 	 	ARTES MEDICAL, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 

[Signature Page to Amendment to Share Purchase Warrant]

 

 

EXHIBIT A

WARRANT HOLDERS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Number of	 	 	 	 	 	 
	 	 	Shares	 	 	 	 	 	Original
	 	 	Underlying	 	 	 	 	 	Expiration
	Name of Warrant Holder	 	Warrant	 	Exercise Price	 	Date
	Adi Ruegg
	 	 	25,000	 	 	$	1.00	 	 	 	07/30/08	 
	Billy J. Sayers
	 	 	25,000	 	 	$	1.00	 	 	 	07/30/08	 
	Christopher Dale
	 	 	45,000	 	 	$	1.00	 	 	 	07/30/08	 
	Creative Microspheres
	 	 	743,005	 	 	$	1.00	 	 	 	07/30/08	 
	Floyd & Ellen Larson
	 	 	36,023	 	 	$	1.00	 	 	 	07/30/08	 
	H. Michael Roark, MD
	 	 	100,000	 	 	$	1.00	 	 	 	07/30/08	 
	Jens Becker
	 	 	37,472	 	 	$	1.00	 	 	 	07/30/08	 
	Joerg Obwegeser, Dr.
	 	 	50,000	 	 	$	1.00	 	 	 	07/30/08	 
	Le Femme Investments, Inc.
	 	 	37,500	 	 	$	1.00	 	 	 	07/30/08	 
	R. Merrel Olesen Medical Group
APMC Defined Benefit Pension
Plan Trust
	 	 	100,000	 	 	$	1.00	 	 	 	07/30/08	 
	R. Merrel Olesen, MD, APC, DBPP
	 	 	200,000	 	 	$	1.00	 	 	 	07/30/08	 
	Mones International, Inc.
	 	 	30,000	 	 	$	1.00	 	 	 	07/30/08	 
	Opal Investments Management, Inc.
	 	 	150,000	 	 	$	1.00	 	 	 	07/30/08	 
	Proprete Investissement, Inc.
	 	 	25,000	 	 	$	1.00	 	 	 	07/30/08	 
	Todd Peterson
	 	 	25,000	 	 	$	1.00	 	 	 	07/30/08	 
	Wade Harb & Elham S. Harb Jtwros
	 	 	50,000	 	 	$	1.00	 	 	 	07/30/08	 
	World Marketing Corp Profit
Sharing Plan
	 	 	25,000	 	 	$	1.00	 	 	 	07/30/08exv4w16

 

EXHIBIT 4.16

AMENDMENT TO COMMON STOCK PURCHASE WARRANT

OF ARTES MEDICAL, INC.

(Issued in Connection with Series D Financing)

     This Amendment dated as of June 23, 2006 (this “Amendment”), to each of the Common Stock
Purchase Warrants (each, a “Warrant” and collectively, the “Warrants”) for the purchase of shares
of Common Stock of Artes Medical, Inc. (the “Company”) listed on Exhibit A hereto, is made
by and between the Company and each of the holders of one or more Warrants listed on Exhibit
A (each, a “Holder” and collectively, the “Holders”).

RECITALS

     Whereas, pursuant to the Preamble of each Warrant, each of the Warrants expires and
ceases to be exercisable on the earlier of (i) 5:00 P.M. Pacific Standard Time, on May 1, 2010 or
(ii) the closing of (a) the sale, lease, transfer or conveyance of all or substantially all of the
assets of the Company, (b) a consolidation of the Company with, or merger of the Company with or
into, any person (including any individual, partnership, joint venture, corporation, trust or group
thereof) other than a consolidation or merger by the Company with a subsidiary of the Company in
which the Company is the continuing entity or (c) the initial underwritten public offering of the
Company’s common stock;

     Whereas, pursuant to Section 3 of each Warrant, each Holder is entitled to exercise
such Holder’s Warrant through a “cashless exercise” feature by converting the Warrant into Warrant
Shares (as defined in each of the Warrants) at any time or from time to time during the exercise
period, the number of Warrant Shares to be computed using the Net Issuance formula provided in
Section 3.1 of the Warrant; and

     Whereas, the Company and each of the Holders desire to amend the Warrants held by the
Holders as set forth below.

AGREEMENT

     NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

     1. Amendment to Preamble. The first paragraph of the Preamble of each of the Warrants
is hereby amended and restated in its entirety to read as follows:

     “Artes Medical USA, Inc., a Delaware corporation (the “Company”), hereby certifies that, for
value received,                                         (including any successors and assigns, “Holder”), is entitled
immediately upon or after the date hereof, and subject to the terms set forth below, to purchase
from the Company at any time or from time to time before the earlier of (i) 5:00 P.M. Pacific
Standard Time, on May 1, 2010 or (ii) the closing of (a) the sale, lease, transfer or conveyance of
all or substantially all of the assets of the Company or (b) a consolidation of the Company with,
or merger of the Company with or into, any person (including any individual, partnership, joint
venture, corporation, trust or group thereof) other than a consolidation or merger by the Company
with a subsidiary of the Company in which the Company is the continuing entity (the earlier to
occur of (i) or (ii) the “Expiration Date”), fully paid and nonassessable shares of the Company’s
Common Stock (the “Warrant Shares”), with the

 

 

number of the Warrant Shares and the exercise price of the Warrant Shares to be determined as
follows:”

     2. Amendment to Section 3. Section 3 of the Warrant is hereby deleted in its
entirety.

     3. Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the State of California as applied to agreements among California residents,
entered into and to be performed entirely within California.

     4. Successors and Assigns. This Amendment shall be binding upon, and inure to the
benefit of, the parties hereto, their respective successors and legal representatives and their
permitted assigns.

     5. Warrant Terms to Remain in Effect. Except as specifically otherwise modified
herein, each Warrant as previously executed remains in full force and effect.

     6. Effectiveness. This Amendment shall become effective as to each of the Warrants
upon the execution and delivery by each Holder of a Warrant Holder Election Form in the form
provided by the Company to the Holder with respect to the applicable Warrant, indicating such
Holder’s agreement to be bound by this Amendment. Each Warrant so amended by this Amendment shall
be listed on Exhibit A.

     7. Counterparts. This Amendment may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

2

 

	 	 	 	 	 	 	 
	Acknowledged and agreed:	 	ARTES MEDICAL, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 

[Signature Page to Amendment to Common Stock Purchase Warrant]

 

 

EXHIBIT A

WARRANT HOLDERS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Number of	 	 	 	 	 	 
	 	 	Shares	 	 	 	 	 	Original
	 	 	Underlying	 	 	 	 	 	Expiration
	Name of Warrant Holder	 	Warrant	 	Exercise Price	 	Date
	Astrid Ruegg
	 	 	3,000	 	 	$	2.00	 	 	 	05/01/10	 
	Canderm Pharma
	 	 	25,000	 	 	$	2.00	 	 	 	05/01/10	 
	Christopher Barczewski
	 	 	10,000	 	 	$	2.00	 	 	 	05/01/10	 
	Daniel Davis
	 	 	2,500	 	 	$	2.00	 	 	 	05/01/10	 
	Edward K Quinby
	 	 	4,000	 	 	$	2.00	 	 	 	05/01/10	 
	Ernst Meier
	 	 	3,000	 	 	$	2.00	 	 	 	05/01/10	 
	Gerald R Haas
	 	 	3,000	 	 	$	2.00	 	 	 	05/01/10	 
	Gregory Anderson
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Gregory Schneider
	 	 	10,000	 	 	$	2.00	 	 	 	05/01/10	 
	Harry Booth
	 	 	3,000	 	 	$	2.00	 	 	 	05/01/10	 
	Harry G. Cooper Trust
	 	 	100,000	 	 	$	2.00	 	 	 	05/01/10	 
	Jessie J. Knight, Jr.
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Johan E
Brahme, MD Inc. Defined Benefit Plan
	 	 	25,000	 	 	$	2.00	 	 	 	05/01/10	 
	John Olbrich
	 	 	25,000	 	 	$	2.00	 	 	 	05/01/10	 
	Joseph Family Living Trust
	 	 	2,500	 	 	$	2.00	 	 	 	05/01/10	 
	Karen M Doyle
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Kelsie Derkatz
	 	 	2,500	 	 	$	2.00	 	 	 	05/01/10	 
	Ken Satterlee
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Krispin Rosner
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Marcel Wermuth
	 	 	2,500	 	 	$	2.00	 	 	 	05/01/10	 
	Michael Gebhard
	 	 	200,000	 	 	$	2.00	 	 	 	05/01/10	 
	Michael Guffanti
	 	 	10,000	 	 	$	2.00	 	 	 	05/01/10	 
	Mission Consultant, Inc.
	 	 	6,600	 	 	$	2.00	 	 	 	05/01/10	 
	Peter Carton
	 	 	25,000	 	 	$	2.00	 	 	 	05/01/10	 
	Richard W. Cunningham
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Robert Kearney, MD
	 	 	5,000	 	 	$	2.00	 	 	 	05/01/10	 
	Ronald & Mary Doubt
	 	 	2,500	 	 	$	2.00	 	 	 	05/01/10	 
	Rudolf Doessegger
	 	 	3,000	 	 	$	2.00	 	 	 	05/01/10	 
	St. Croix Capital
Corporation Pension Plan
	 	 	15,000	 	 	$	2.00	 	 	 	05/01/10	 
	Stefan Widensohler
	 	 	3,000	 	 	$	2.00	 	 	 	05/01/10	 
	Timothy Joseph Defined
Pension Plan
	 	 	2,500	 	 	$	2.00	 	 	 	05/01/10	 
	WB Partners
	 	 	18,500	 	 	$	2.00	 	 	 	05/01/10

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