Document:

Amended and Restated 2001 Equity Incentive Plan

                                                                                                                                                                    Exhibit 
    4.1     

    

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    QUICK-MED
      TECHNOLOGIES, INC.

    AMENDED
      AND RESTATED

    2001
      EQUITY INCENTIVE PLAN

    

    ===========================================================================

    

    As
      approved by the Board of Directors on March 4, 2001, and as amended and restated
      with the approval of the Board of Directors on October 31, 2004.

    

    1. Purpose. The
      purpose of the Quick-Med Technologies, Inc. Amended and Restated 2001 Equity
      Incentive Plan (the "Plan") as adopted by and approved by the Board of Directors
      of Quick-Med Technologies, Inc., a Nevada corporation, for itself and any
      subsidiaries (the "Company"), is to advance the interests of the Company by
      providing an additional incentive to attract, retain and motivate highly
      qualified and competent persons who are key to the Company, and upon whose
      efforts and judgment the success of the Company and its subsidiaries is largely
      dependent, including key employees, consultants, independent contractors,
      advisory board members, officers and directors, by authorizing the grant of
      awards of Common Stock and options to purchase Common Stock of the Company
      to
      persons who are eligible to participate hereunder, thereby encouraging stock
      ownership in the Company by such persons, all upon and subject to the terms
      and
      conditions of this Plan.

    

    2.
       Definitions. As
      used
      herein, the following terms shall have the meanings indicated:

    

    
      	
              (a)

            	
              "Award"
                means any grant or sale pursuant to the Plan of Options, Restricted
                Stock,
                or Stock Grants.

            

    

    

    
      	
              (b)

            	
              "Award
                Agreement" means an agreement between the Company and the recipient
                of an
                Award, setting forth the terms and conditions of the
                Award.

            

    

    

    
      	
              (c)

            	
              "Board"
                shall mean the Board of Directors of the
                Company.

            

    

    

    
      	
              (d)

            	
              "Cause"
                shall mean any of the following:

            

    

    

    
      	 	
              (i)
                

            	
              a
                determination by the Company that there has been a willful, reckless
                or
                grossly negligent failure by the Participant to perform his or her
                duties
                as an employee of the Company;

            

    

    

    
      	 	
              (ii)
                

            	
              a
                determination by the Company that there has been a willful breach
                by the
                Optionee of any of the material terms or provisions of any employment
                agreement between such Optionee and the
                Company;

            

    

    

    
      	 	
              (iii)

            	
              any
                conduct by the Optionee that either results in his or her conviction
                of a
                felony under the laws of the United States of America or any state
                thereof;

            

    

    

    
      	 	
              (iv)

            	
              a
                determination by the Company that the Optionee has committed an act
                or
                acts involving fraud, embezzlement, misappropriation, theft, breach
                of
                fiduciary duty or material dishonesty against the Company, its properties
                or its personnel;

            

    

    

    
      	 	
              (v)

            	
              a
                determination by the Company that there has been a willful, reckless
                or
                grossly negligent failure by the Optionee to comply with any rules,
                regulations, policies or procedures of the Company, or that the Optionee
                has engaged in any act, behavior or conduct demonstrating a deliberate
                and
                material violation or disregard of standards of behavior that the
                Company
                has a right to expect of its employees;
                or

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	 	
              (vi)

            	
              if
                the Optionee, while employed by the Company and for two years thereafter
                (or such shorter period as may be stated in any employment,
                confidentiality or noncompete agreement with the Optionee), violates
                a
                confidentiality and/or noncompete agreement with the Company, or
                fails to
                safeguard, divulges, communicates, uses to the detriment of the Company
                or
                for the benefit of any person or persons, or misuses in any way,
                any
                Confidential Information; provided, however, that, if the Optionee
                has
                entered into a written employment agreement with the Company which
                remains
                effective and which expressly provides for a termination of such
                Optionee's employment for "cause," the term "Cause" for purposes
                of this
                Plan shall have the meaning as set forth in the Optionee's employment
                agreement in lieu of the definition of "Cause" set forth in this
                Section
                2(d).

            

    

    

    
      	
              (e)
                

            	
              "Change
                of Control" shall mean the acquisition by any person or group (as
                that
                term is defined in the Securities Exchange Act of 1934 (the "Exchange
                Act"), and the rules promulgated pursuant to that act) in a single
                transaction or a series of transactions of 40% or more in voting
                power of
                the outstanding stock of the Company and a change of the composition
                of
                the Board of Directors so that, within one year after the acquisition
                took
                place, a majority of the members of the Board of Directors of the
                Company,
                or of any corporation with which the Company may be consolidated
                or
                merged, are persons who were not directors or officers of the Company
                or
                one of its Subsidiaries immediately prior to the acquisition, or
                to the
                first of a series of transactions which resulted in the acquisition
                of 40%
                or more in voting power of the outstanding stock of the
                Company.

            

    

    

    
      	
              (f)

            	
              "Code"
                shall mean the Internal Revenue Code of 1986, as
                amended.

            

    

    

    
      	
              (g)

            	
              "Committee"
                shall mean the stock option or compensation committee appointed by
                the
                Board or, if not appointed, the
                Board.

            

    

    

    
      	
              (h)

            	
              "Common
                Stock" shall mean the Company's Common Stock, par value $0.0001 per
                share.

            

    

    

    
      	
              (i)

            	
              "Confidential
                Information" shall mean any and all information pertaining to the
                Company's financial condition, clients, customers, prospects, sources
                of
                prospects, customer lists, trademarks, trade names, service marks,
                service
                names, "know-how," trade secrets, products, services, details of
                client or
                consulting contracts, management agreements, pricing policies, operational
                methods, site selection, results of operations, costs and methods
                of doing
                business, owners and ownership structure, marketing practices, marketing
                plans or strategies, product development techniques or plans, procurement
                and sales activities, promotion and pricing techniques, credit and
                financial data concerning customers and business acquisition plans,
                that
                is not generally available to the
                public.

            

    

    

    
      	
              (j)

            	
              "Director"
                shall mean a member of the Board.

            

    

     

    
      	
              (k)

            	
              "Employee"
                shall mean any person, including Officers, Directors, consultants
                and
                independent contractors, who is either employed or engaged by the
                Company
                or any parent or Subsidiary of the Company within the meaning of
                Code
                Section 3401(c) or the regulations promulgated thereunder. For purposes
                of
                any Non-Qualified Option only, any Officer or Director of the Company
                shall be considered an Employee even if he or she is not an employee
                with
                the meaning of the first sentence of this
                section.

            

    

    

    
      	
              (l)

            	
              "Fair
                Market Value" of a Share on any date of reference shall be the Closing
                Price of a share of Common Stock on the business day immediately
                preceding
                such date, unless the Committee in its sole discretion shall determine
                otherwise in a fair and uniform manner. For this purpose, the "Closing
                Price" of the Common Stock on any business day shall be (i) if the
                Common
                Stock is listed or admitted for trading on any United States national
                securities exchange, the last reported sale price of the Common Stock
                on
                such exchange or reporting system, as reported in any newspaper of
                general
                circulation, (ii) if the Common Stock is quoted on Nasdaq or any
                similar
                system of automated dissemination of quotations of securities prices
                in
                common use, the closing sales price or, if not available the mean
                between
                the closing high bid and low asked quotations for such day of the
                Common
                Stock on such system, or (iii) if neither clause (i) nor (ii) is
                applicable, the mean between the high bid and low asked quotations
                for the
                Common Stock as reported by the National Quotation Bureau, Incorporated
                if
                at least two securities dealers have inserted both bid and asked
                quotations for the Common Stock on at least five of the 10 preceding
                days.
                If the information set forth in clauses (i) through (iii) above is
                unavailable or inapplicable to the Company (e.g., if the Company's
                Common
                Stock is not then publicly traded or quoted), then the "Fair Market
                Value"
                of a Share shall be the fair market value (i.e., the price at which
                a
                willing seller would sell a Share to a willing buyer when neither
                is
                acting under compulsion and when both have reasonable knowledge of
                all
                relevant facts) of a share of the Common Stock on the business day
                immediately preceding such date as the Committee in its sole and
                absolute
                discretion shall determine in a fair and uniform
                manner.

            

    

    

    
      	
              (m)

            	
              "Grant
                Date" means the date as of which an Option is granted, as determined
                under
                Section 4(a)(i).

            

    

    

    
      	
              (n)

            	
              "Incentive
                Stock Option" shall mean an incentive stock option as defined in
                Section
                422 of the Code.

            

    

    

    
      	
              (o)

            	
              "Non-Employee
                Directors" shall have the meaning set forth in Rule 16b-3(b)(3)(i)
                under
                the Securities Exchange Act of 1934, as
                amended.

            

    

    

    
      	
              (p)

            	
              "Non-Statutory
                Stock Option" or "Nonqualified Stock Option" shall mean an Option
                which is
                not an Incentive Stock Option.

            

    

    

    
      	
              (q)

            	
              "Officer"
                shall mean the Company's chairman, chief executive officer, president,
                principal financial officer, principal accounting officer (or, if
                there is
                no such accounting officer, the controller), any vice-president of
                the
                Company in charge of a principal business unit, division or function
                (such
                as sales, administration or finance), any other officer who performs
                a
                policy-making function, or any other person who performs similar
                policy-making functions for the Company. Officers of subsidiaries
                shall be
                deemed Officers of the Company if they perform such policy-making
                functions for the Company. As used in this paragraph, the phrase
                "policy-making function" does not include policy-making functions
                that are
                not significant. Unless specified otherwise in a resolution by the
                Board,
                an "executive officer" pursuant to Item 401(b) of Regulation S-K
                (17
                C.F.R. ss.229.401(b)) shall be only such person designated as an
                "Officer"
                pursuant to the foregoing provisions of this
                paragraph.

            

    

    

    
      	
              (r)

            	
              "Option"
                (when capitalized) shall mean any stock option granted under this
                Plan.

            

    

    

    
      	
              (s)

            	
              "Optionee"
                shall mean a Participant to whom an Option is granted under this
                Plan or
                any person who succeeds to the rights of such person under this Plan
                by
                reason of the death of such person.

            

    

    

    
      	
              (t)

            	
              "Participant"
                means any holder of an outstanding Award under the
                Plan.

            

    

    

    
      	
              (u)

            	
              "Plan"
                shall mean this 2001 Equity Incentive Plan of the Company, which
                Plan
                shall be effective upon approval by the Board, subject to approval,
                within
                12 months of the date thereof by holders of a majority of the Company's
                issued and outstanding Common Stock of the
                Company.

            

    

    

    
      	
              (v)

            	
              "Restricted
                Stock" means a grant or sale of shares of Common Stock to the Participant
                subject to a Risk of Forfeiture.

            

    

    

    
      	
              (w)

            	
              "Restriction
                Period" means the period of time during which any grant of Restricted
                Stock remains at Risk of Forfeiture as described in Section 4(d)
                and the
                applicable Award Agreement.

            

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    
      	
              (x)

            	
              "Risk
                of Forfeiture" means a limitation on the right of the Participant
                to
                retain an Award of Restricted Stock, including a right in the Company
                to
                reacquire the Shares at less than their then Fair Market Value, arising
                because of the occurrence or non-occurrence of specified events or
                conditions.

            

    

    

    
      	
              (y)

            	
              "Stock
                Grant" means the grant of shares of Common Stock not subject to
                restrictions or other forfeiture
                conditions.

            

    

    

    
      	
              (z)

            	
              "Securities
                Act" shall mean the Securities Act of 1933, as
                amended.

            

    

    

    
      	
              (aa)

            	
              "Securities
                Exchange Act" shall mean the Securities Exchange Act of 1934, as
                amended.

            

    

    

    
      	
              (bb)

            	
              "Share"
                or "Shares" shall mean a share or shares, as the case may be, of
                the
                Common Stock, as adjusted in accordance with Section 10 of this
                Plan.

            

    

    

    
      	
              (cc)

            	
              "Subsidiary"
                shall mean any corporation (other than the Company) in any unbroken
                chain
                of corporations beginning with the Company if, at the time of the
                granting
                of the Option, each of the corporations other than the last corporation
                in
                the unbroken chain owns stock possessing 50% or more of the total
                combined
                voting power of all classes of stock in one of the other corporations
                in
                such chain.

            

    

     

    
      	
              (dd)

            	
              "Ten
                Percent Owner" means a person who owns, or is deemed within the meaning
                of
                Section 422(b)(6) of the Code to own, stock possessing more than
                10% of
                the total combined voting power of all classes of stock of the Company.
                Whether a person is a Ten Percent Owner shall be determined with
                respect
                to each Option based on the facts existing immediately prior to the
                grant
                date of such Option.

            

    

    

    3. Shares
      and Options. At
      no
      time shall the number of shares of Common Stock issued pursuant to or subject
      to
      outstanding Awards granted under the Plan exceed 4,000,000 shares of Common
      Stock; subject, however, to the provisions of Section 10 of the Plan. Shares
      of
      Common Stock issued pursuant to the Plan may be either authorized but unissued
      shares or shares held by the Company in its treasury. For purposes of applying
      the foregoing limitation, if any Option expires, terminates, or is cancelled
      for
      any reason without having been exercised in full, or any Award of Restricted
      Stock should be forfeited by the recipient thereof, the shares not purchased
      by
      the Optionee or forfeited by such a recipient shall again be available for
      Awards thereafter to be granted under the Plan. If any Option granted under
      this
      Plan shall terminate, expire, or be canceled, forfeited or surrendered as to
      any
      Shares, the Shares relating to such lapsed Option shall be available for
      issuance pursuant to new Options subsequently granted under this Plan. Upon
      the
      grant of any Option hereunder, the authorized and unissued Shares to which
      such
      Option relates shall be reserved for issuance to permit exercise under this
      Plan. An Option granted hereunder shall be either an Incentive Stock Option
      or a
      Non-Statutory Stock Option as determined by the Committee at the time of grant
      of such Option and shall clearly state whether it is an Incentive Stock Option
      or Non-Statutory Stock Option. All Incentive Stock Options shall be granted
      within 10 years from

    the
      effective date of this Plan. Awards of Incentive Options granted prior to
      shareholder approval of the Plan are hereby expressly conditioned upon such
      approval, but in the event of the failure of the shareholders to approve the
      Plan shall thereafter and for all purposes be deemed to constitute Non-Statutory
      Options.

    

    4. Specific
      Terms of Awards.

    

    
      	
              (a)

            	
              Options.

            

    

    

    
      	 	
              (i)

            	
              Date
                of Grant. The granting of an Option shall take place at the time
                specified
                in the Award Agreement. Only if expressly so provided in the applicable
                Award Agreement shall the Grant Date be the date on which the Award
                Agreement shall have been duly executed and delivered by the Company
                and
                the Optionee.

            

    

     

    
      	 	
              (ii)

            	
              Exercise
                Price. The price at which shares may be acquired under each Incentive
                Option shall be not less than 100% of the Fair Market Value of Common
                Stock on the Grant Date, or not less than 110% of the Fair Market
                Value of
                Common Stock on the Grant Date if the Optionee is a Ten Percent Owner.
                The
                price at which shares may be acquired under each Non-Statutory Option
                shall not be so limited solely by reason of this
                Section.

            

    

    

    
      	 	
              (iii)

            	
              Option
                Period. No Incentive Option may be exercised on or after the tenth
                anniversary of the Grant Date, or on or after the fifth anniversary
                of the
                Grant Date if the Optionee is a Ten Percent Owner. The Option period
                under
                each Non-Statutory Option shall not be so limited solely by reason
                of this
                Section.

            

    

    

    
      	 	
              (iv)

            	
              Exercisability.
                An Option may be immediately exercisable or become exercisable in
                such
                installments, cumulative or non-cumulative, as the Committee may
                determine. In the case of an Option not otherwise immediately exercisable
                in full, the Committee may accelerate the exercisability of such
                Option in
                whole or in part at any time, provided the acceleration of the
                exercisability of any Incentive Option would not cause the Option
                to fail
                to comply with the provisions of Section 422 of the
                Code.

            

    

    

    
      	 	
              (v)

            	
              Termination
                of Association with the Company. Unless the Committee shall provide
                otherwise in the grant of a particular Option under the Plan, if
                the
                Optionee's employment or other association with the Company and its
                Affiliates is terminated, whether voluntarily or otherwise, any
                outstanding Option of the Optionee shall cease to be exercisable
                in any
                respect not later than ninety (90) days following such termination
                and,
                for the period it remains exercisable following termination, shall
                be
                exercisable only to the extent exercisable at the date of termination,
                provided that if the termination is for Cause, then the Option shall
                terminate on the date of termination. Military, sick or other bona
                fide
                leave shall not be deemed a termination of employment or other
                association, provided that it does not exceed the longer of ninety
                (90)
                days or the period during which the absent Optionee's reemployment
                rights,
                if any, are guaranteed by statute or by contract. The Committee in
                its
                sole discretion may, by giving written notice ("cancellation notice"),
                cancel effective upon the date of the consummation of any corporate
                transaction described in Subsection 5(c) hereof, any Option that
                remains
                unexercised on such date. Such cancellation notice shall be given
                a
                reasonable period of time prior to the proposed date of such cancellation
                and may be given either before or after approval of such corporate
                transaction.

            

    

    

    
      	 	
              (vi)

            	
              Exercise
                of Option. An Option may be exercised by the Optionee giving written
                notice, to the Company, specifying the number of shares with respect
                to
                which the Option is then being exercised. The notice shall be accompanied
                by payment in the form of cash, or certified or bank check payable
                to the
                order of the Company in an amount equal to the exercise price of
                the
                shares to be purchased or, if the Committee had so authorized on
                the grant
                of any particular Option hereunder (and subject such conditions,
                if any,
                as the Committee may deem necessary to avoid adverse accounting effects
                to
                the Company) by delivery of shares of Common Stock held at least
                six (6)
                months which have a Fair Market Value equal to the exercise price
                of the
                shares to be purchased. Payment of any exercise price may also be
                made
                through and under the terms and conditions of any formal cashless
                exercise
                program maintained by the Company if the Stock becomes traded on
                an
                established market. Receipt by the Company of such notice and payment
                shall constitute the exercise of the Option. Within 30 days thereafter
                but
                subject to the remaining provisions of the Plan, the Company shall
                deliver
                or cause to be delivered to the Optionee or his agent a certificate
                or
                certificates for the number of shares then being purchased. Such
                shares
                shall be fully paid and
                nonassessable.

            

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    
      	 	
              (vii)

            	
              Limit
                on Incentive Option Characterization. An Incentive Option shall be
                considered to be an Incentive Option only to the extent that the
                number of
                shares of Common Stock for which the Option first becomes exercisable
                in a
                calendar year do not have an aggregate Fair Market Value (as of the
                date
                of the grant of the Option) in excess of the "current limit". The
                current
                limit for any Optionee for any calendar year shall be $100,000 minus
                the
                aggregate Fair Market Value at the date of grant of the number of
                shares
                of Common Stock available for purchase for the first time in the
                same year
                under each other Incentive Option previously granted to the Optionee
                under
                the Plan, and under each other incentive stock option previously
                granted
                to the Optionee under any other incentive stock option plan of the
                Company
                and its Affiliates. Any shares of Common Stock which would cause
                the
                foregoing limit to be violated shall be deemed to have been granted
                under
                a separate Non-Statutory Option, otherwise identical in its terms
                to those
                of the Incentive Option.

            

    

    

    
      	 	
              (viii)

            	
              Notification
                of Disposition. Each person exercising any Incentive Option granted
                under
                the Plan shall be deemed to have covenanted with the Company to report
                to
                the Company any disposition of such shares prior to the expiration
                of the
                holding periods specified by Section 422(a)(1) of the Code and, if
                and to
                the extent that the realization of income in such a disposition imposes
                upon the Company federal, state, local or other withholding tax
                requirements, or any such withholding is required to secure for the
                Company an otherwise available tax deduction, to remit to the Company
                an
                amount in cash sufficient to satisfy those
                requirements.

            

    

    

    
      	 	
              (ix)

            	
              Other
                Conditions. In granting Options, the Committee shall take into
                consideration the contribution the person has made, or is expected
                to
                make, to the success of the Company or its Subsidiaries and such
                other
                factors as the Committee shall determine. The Committee shall also
                have
                the authority to consult with and receive recommendations from Officers
                and other personnel of the Company and its Subsidiaries with regard
                to
                these matters. The Committee may from time to time in granting Options
                under this Plan prescribe such terms and conditions concerning such
                Options as it deems appropriate, including, without limitation, (i)
                the
                exercise price or prices of the Option or any installments thereof,
                (ii)
                prescribing the date or dates on which the Option becomes and/or
                remains
                exercisable, (iii) providing that the Option vests or becomes exercisable
                in installments over a period of time, and/or upon the attainment
                of
                certain stated standards, specifications or goals, (iv) relating
                an Option
                to the continued employment of the Optionee for a specified period
                of
                time, or (v) conditions or termination events with respect to the
                exercisability of any Option, provided that such terms and conditions
                are
                not more favorable to an Optionee than those expressly permitted
                herein;
                provided, however, that to the extent not canceled pursuant to Section
                4(a)(v) hereof, upon a Change of Control, any Options that have not
                yet
                vested shall vest upon such Change of Control. The Options granted
                to
                employees under this Plan shall be in addition to regular salaries,
                pension, life insurance or other benefits related to their employment
                with
                the Company or its Subsidiaries. Neither this Plan nor any Option
                granted
                under this Plan shall confer upon any person any right to employment
                or
                continuance of employment (or related salary and benefits) by the
                Company
                or its Subsidiaries.

            

    

    

    
      	
              (b)

            	
              Restricted
                Stock.

            

    

    

    
      	 	
              (i)

            	
              Purchase
                Price. Shares of Restricted Stock shall be issued under the Plan
                for such
                consideration, in cash, other property or services, as is determined
                by
                the Committee.

            

    

    

    
      	 	
              (ii)

            	
              Issuance
                of Certificates. Each Participant receiving a Restricted Stock Award,
                subject to subsection (iii) below, shall be issued a stock certificate
                in
                respect of such shares of Restricted Stock. Such certificate shall
                be
                registered in the name of such Participant, and, if applicable, shall
                bear
                an appropriate legend referring to the terms, conditions, and restrictions
                applicable to such Award substantially in the following
                form:

            

    

     

    "The
      transferability of this certificate and the shares represented by this
      certificate are subject to the terms and conditions of Quick-Med Technologies,
      Inc. Amended and Restated 2001 Equity Incentive Plan and an Award Agreement
      entered into by the registered owner and Quick-Med Technologies, Inc. Copies
      of
      such Plan and Agreement are on file in the offices of Quick-Med Technologies,
      Inc."

    

    
      	 	
              (iii)

            	
              Escrow
                of Shares. The Committee may require that the stock certificates
                evidencing shares of Restricted Stock be held in custody by a designated
                escrow agent (which may but need not be the Company) until the
                restrictions thereon shall have lapsed, and that the Participant
                deliver a
                stock power, endorsed in blank, relating to the Stock covered by
                such
                Award.

            

    

    

    
      	 	
              (iv)

            	
              Restrictions
                and Restriction Period. During the period established by the Committee
                and
                set forth in the Award Agreement, i.e., the Restriction Period, Restricted
                Stock shall be subject to limitations on transferability and a Risk
                of
                Forfeiture (which may take the form of a right of the Company to
                repurchase the Restricted Stock for such consideration, if any, as
                the
                Committee shall have determined at grant) arising on the basis of
                such
                conditions, related to the performance of services, Company or Affiliate
                performance or otherwise, as the Committee may determine. Any such
                Risk of
                Forfeiture may be waived, or the Restriction Period shortened, at
                any time
                by the Committee on such basis as it deems
                appropriate.

            

    

    

    
      	 	
              (v)

            	
              Rights
                Pending Lapse of Risk of Forfeiture or Forfeiture of Award. Except
                as
                otherwise provided in the Plan, at all times prior to lapse of any
                Risk of
                Forfeiture applicable to, or forfeiture of, an Award of Restricted
                Stock,
                the Participant shall have all of the rights of a stockholder of
                the
                Company, including the right to vote the shares, and the right to
                receive
                any dividends with respect to the shares of Restricted Stock. The
                Committee, as determined at the time of Award, may permit or require
                the
                payment of cash dividends to be deferred and, if the Committee so
                determines, reinvested in additional Restricted Stock to the extent
                shares
                are available under Section 3.

            

    

    

    
      	 	
              (vi)

            	
              Effect
                of Termination of Employment or Association. Unless otherwise determined
                by the Committee at or after grant and subject to the applicable
                provisions of the Award Agreement, upon termination of a Participant's
                employment or other association with the Company and its Affiliates
                for
                any reason during the Restriction Period, all shares of Restricted
                Stock
                still subject to Risk of Forfeiture shall be forfeited or subject
                to the
                Company's right of repurchase (as determined from the form of the
                Risk of
                Forfeiture); provided, however, that military, sick or other bona
                fide
                leave shall not be deemed a termination of employment or other
                association, if it does not exceed the longer of ninety (90) days
                or the
                period during which the absent Participant's reemployment rights,
                if any,
                are guaranteed by statute or by
                contract.

            

    

    

    
      	 	
              (vii)

            	
              Lapse
                of Restrictions. If and when the Restriction Period expires without
                a
                prior forfeiture of the Restricted Stock, the certificates for such
                shares
                shall be delivered to the Participant promptly if not theretofore
                so
                delivered.

            

    

    

    (c) Stock
      Grants. Stock
      Grants shall be awarded solely in recognition of significant contributions
      to
      the success of the Company or its Affiliates, in lieu of compensation otherwise
      already due and in such other limited circumstances as the Committee deems
      appropriate. Stock Grants shall be made without forfeiture conditions of any
      kind.

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

     

    5. Adjustment
      of Shares.

    

    
      	
              (a)

            	
              Stock
                Dividend, Etc. In the event of any distribution on Stock payable
                in Stock
                or any split-up or contraction in the number of shares of Stock after
                the
                date of an Award Agreement evidencing an Award, the remaining number
                of
                shares of Stock subject to such Award and the price to be paid for
                any
                share subject to the Award, if any, shall be proportionately
                adjusted.

            

    

    

    
      	
              (b)

            	
              Stock
                Reclassification. In the event of any reclassification or change
                of
                outstanding shares of Stock, immediately thereafter (and subject
                to
                further adjustment for subsequent events) any outstanding Award shall
                thereafter relate to shares of stock or other securities equivalent
                in
                kind and value to those shares which the Participant would have received
                if he or she had held of record the full remaining number of shares
                of
                Stock subject to the Award immediately prior to such reclassification
                or
                change.

            

    

     

    
      	
              (c)

            	
              Consolidation
                or Merger. Subject to the remainder of this Section 5(c), in the
                event of
                any consolidation or merger of the Company with or into another company
                or
                in case of any sale or conveyance to another company or entity of
                the
                property of the Company as a whole or substantially as a whole,
                immediately thereafter (and subject to further adjustment for subsequent
                events) any outstanding Award shall thereafter relate to shares of
                stock
                or other securities equivalent in kind and value to those shares
                and other
                securities the Participant would have received if he or she had held
                of
                record the full remaining number of shares of Stock subject to the
                Award
                immediately prior to such consolidation, merger, sale or conveyance.
                However, unless any Award Agreement evidencing the grant of an Option
                shall provide different or additional terms, in any such transaction
                the
                Committee, in its discretion, may provide instead that any outstanding
                Option shall terminate, to the extent not exercised by the Optionee
                prior
                to termination, either (a) at the close of a period of not less than
                ten
                (10) days specified by the Committee and commencing on the Committee's
                delivery of written notice to the Optionee of its decision to terminate
                such Option without payment of consideration as provided in the following
                clause or (b) as of the date of the transaction, in consideration
                of the
                Company's payment to the Optionee of an amount of cash equal to difference
                between the aggregate Fair Market Value of the shares of Stock for
                which
                the Option is then exercisable and the aggregate exercise price for
                such
                shares under the Option.

            

    

    

    
      	
              (d)

            	
              Other.
                In the event of any corporate action not specifically covered by
                the
                preceding Sections, including but not limited to an extraordinary
                cash
                distribution on Stock, a corporate separation or other reorganization
                or
                liquidation, the Committee may make such adjustment of outstanding
                Awards
                and their terms, if any, as it, in its sole discretion, may deem
                equitable
                and appropriate in the
                circumstances.

            

    

    

    
      	
              (e)

            	
              Related
                Matters. Any adjustment in Awards made pursuant to this Section 5
                shall be
                determined and made, if at all, by the Committee and shall include
                any
                correlative modification of terms, including of option exercise prices,
                Risks of Forfeiture and applicable repurchase prices for Restricted
                Stock,
                which the Committee may deem necessary or appropriate so as to ensure
                the
                rights of the Participants in their respective Awards are not
                substantially diminished nor enlarged as a result of the adjustment
                and
                corporate action. No fraction of a share shall be purchasable or
                deliverable upon exercise, but in the event any adjustment hereunder
                of
                the number of shares covered by an Award shall cause such number
                to
                include a fraction of a share, such number of shares shall be adjusted
                to
                the nearest smaller whole number of shares. In the event of changes
                in the
                outstanding Stock by reason of any stock dividend, split-up, contraction,
                reclassification, or change of outstanding shares of Stock of the
                nature
                contemplated by this Section 5, the number and kind of shares of
                Stock
                available for the purposes of the Plan as stated in Section 3 shall be
                correspondingly adjusted.

            

    

     

    
      	
              (f)

            	
              Except
                as otherwise expressly provided herein, the issuance by the Company
                of
                shares of its capital stock of any class, or securities convertible
                into
                or exchangeable for shares of its capital stock of any class, either
                in
                connection with a direct or underwritten sale or upon the exercise
                of
                rights or warrants to subscribe therefor or purchase such Shares,
                or upon
                conversion of shares or obligations of the Company convertible into
                such
                shares or other securities, shall not affect, and no adjustment by
                reason
                thereof shall be made with respect to, the number of or exercise
                price of
                Shares then subject to outstanding Options granted under this
                Plan.

            

    

     

    
      	
              (g)

            	
              Without
                limiting the generality of the foregoing, the existence of outstanding
                Awards granted under this Plan shall not affect in any manner the
                right or
                power of the Company to make, authorize or consummate(i) any or all
                adjustments, reclassifications, recapitalizations, reorganizations
                or
                other changes in the Company's capital structure or its business;
                (ii) any
                merger or consolidation of the Company or to which the Company is
                a party;
                (iii) any issuance by the Company of debt securities, or preferred
                or
                preference stock that would rank senior to or above the Shares subject
                to
                outstanding Awards; (iv) any purchase or issuance by the Company
                of Shares
                or other classes of Common Stock or common equity securities; (v)
                the
                dissolution or liquidation of the Company; (vi) any sale, transfer,
                encumbrance, pledge or assignment of all or any part of the assets
                or
                business of the Company; or (vii) any other corporate act or proceeding,
                whether of a similar character or
                otherwise.

            

    

    

    
      	
              (h)

            	
              The
                Participant shall receive written notice within a reasonable time
                prior to
                the consummation of such action advising the Participant of any of
                the
                foregoing. The Committee may, in the exercise of its sole discretion,
                in
                such instances declare that any Option shall terminate as of a date
                fixed
                by the Board and give each Optionee the right to exercise his or
                her
                Option.

            

    

     

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

     

     

    6. Nontransferability
      of Awards. 
      Except
      as otherwise provided in this Section, Awards shall not be transferable, and
      no
      Award or interest therein may be sold, transferred, pledged, assigned, or
      otherwise alienated or hypothecated, other than by will or by the laws of
      descent and distribution. All of a Participant's rights in any Award may be
      exercised during the life of the Participant only by the Participant or the
      Participant's legal representative. However, the Committee may, at or after
      the
      grant of an Award of a Non-Statutory Option or shares of Restricted Stock,
      provide that such Award may be transferred by the recipient to an immediate
      family member; provided, however, that any such transfer is without payment
      of
      any consideration whatsoever, that no transfer of an Option shall be valid
      unless first approved by the Committee, acting in its sole discretion, and
      that
      any Restricted Stock so transferred shall remain subject to any applicable
      restriction on transfer and Risk of Forfeiture. For this purpose, "immediate
      family member" means an individual's parents, siblings, spouse and issue,
      spouses of such issue and any trust for the benefit of, or the legal
      representative of, any of the preceding persons, or any partnership
      substantially all of the partners of which are one or more of such persons
      or
      the Participant.

    

    7. Issuance
      of Shares.  As
      a
      condition of any sale or issuance of Shares upon exercise of any Award, the
      Committee may require such agreements or undertakings, if any, as the Committee
      may deem necessary or advisable to assure compliance with any such law or
      regulation including, but not limited to, the following:

    

    
      	 	
              (i)

            	
              a
                representation and warranty by the Participant to the Company, at
                the time
                any Option is exercised or other Award granted, that he is acquiring
                the
                Shares to be issued to him for investment and not with a view to,
                or for
                sale in connection with, the distribution of any such Shares;
                and

            

    

    

    
      	 	
              (ii)

            	
              (A)

            	
              an
                agreement and undertaking to comply with all of the terms, restrictions
                and provisions set forth in any then applicable shareholders' or
                other
                agreement relating to the Shares, including, without limitation,
                any
                restrictions on sale or transferability, any rights of first refusal
                and
                any option of the Company to "call" or purchase such Shares under
                then
                applicable agreements; and

            

    

     

    
      	 	
              (B)

            	
              any
                restrictive legend or legends, to be embossed or imprinted on Share
                certificates, that are, in the discretion of the Committee, necessary
                or
                appropriate to comply with the provisions of any securities law or
                other
                restriction applicable to the issuance of the
                Shares.

            

    

    

    8. Administration
      of this Plan.

    

    
      	
              (a)
                

            	
              This
                Plan shall be administered by a Committee which shall consist of
                not less
                than two Directors. In the event the Common Stock is listed or admitted
                for trading on any United States national securities exchange or
                as
                otherwise required by or advisable under any applicable laws, rules
                or
                regulations, the Plan shall be administered by a Committee consisting
                of
                not less than two Non-Employee Directors. The Committee shall have
                all of
                the powers of the Board with respect to this Plan. Any member of
                the
                Committee may be removed at any time, with or without cause, by resolution
                of the Board and any vacancy occurring in the membership of the Committee
                may be filled by appointment by the Board. In making such determinations,
                the Committee may take into account the nature of the services rendered
                by
                the respective employees, consultants, and directors, their present
                and
                potential contributions to the success of the Company and its
                subsidiaries, and such other factors as the Committee in its discretion
                shall deem relevant.

            

    

    

    
      	
              (b)

            	
              Subject
                to the provisions of this Plan, the Committee shall have the authority,
                in
                its sole discretion, to: (i) grant Awards, (ii) determine the terms,
                conditions and provisions of each Award granted (which need not be
                identical) and, with the consent of the holder thereof, modify or
                amend
                each Award, (iii) determine the Participants to whom, and time or
                times at
                which, Awards shall be granted, (iv) determine the number of Shares
                to be
                represented by each Award, (v) defer (with the consent of the Optionee)
                or
                accelerate the exercise date of any Option or vesting date of any
                Stock
                Grant, and (vi) make all other determinations deemed necessary or
                advisable for the administration of this Plan, including repricing,
                canceling and regranting Awards.

            

    

    

    
      	
              (c)
                

            	
              The
                Committee, from time to time, may adopt rules and regulations for
                carrying
                out the purposes of this Plan. The Committee's determinations and
                its
                interpretation and construction of any provision of this Plan shall
                be
                final, conclusive and binding upon all participants and any holders
                of any
                Awards granted under this Plan.

            

    

    

    
      	
              (d)

            	
              Any
                and all decisions or determinations of the Committee shall be made
                either
                (i) by a majority vote of the members of the Committee at a meeting
                of the
                Committee or (ii) without a meeting by the unanimous written approval
                of
                the members of the Committee.

            

    

    

    
      	
              (e)

            	
              No
                member of the Committee, or any Officer or Director of the Company
                or its
                Subsidiaries, shall be personally liable for any act or omission
                made in
                good faith in connection with this
                Plan.

            

    

    

    9. Interpretation.

    

    
      	
              (a)

            	
              This
                Plan shall be administered and interpreted so that all Incentive
                Stock
                Options granted under this Plan will qualify as Incentive Stock Options
                under Section 422 of the Code. If any provision of this Plan should
                be
                held invalid for the granting of Incentive Stock Options or illegal
                for
                any reason, such determination shall not affect the remaining provisions
                hereof, and this Plan shall be construed and enforced as if such
                provision
                had never been included in this
                Plan.

            

    

    

    
      	
              (b)

            	
              This
                Plan shall be governed by the laws of the State of
                Florida.

            

    

    

    
      	
              (c)
                

            	
              Headings
                contained in this Plan are for convenience only and shall in no manner
                be
                construed as part of this Plan or affect the meaning or interpretation
                of
                any part of this Plan.

            

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      	
              (d)

            	
              Any
                reference to the masculine, feminine, or neuter gender shall be a
                reference to such other gender as is
                appropriate.

            

    

    

    
      	
              (e)

            	
              Time
                shall be of the essence with respect to all time periods specified
                for the
                giving of notices to the Company hereunder, as well as all time periods
                for the expiration and termination of Options in accordance with
                Section 9
                hereof (or as otherwise set forth in an option
                agreement).

            

    

    

    
      	
              (f)
                

            	
              It
                is intended that this Plan shall be administered in accordance with
                the
                disinterested administration requirements of Rule 16b-3 promulgated
                by the
                Securities and Exchange Commission ("Rule 16b-3"), or any successor
                rule
                thereto. To the extent any provision of this Plan or action by the
                Committee fails to so comply, it shall be deemed null and void, to
                the
                extent permitted by law and deemed advisable by the Committee.
                Notwithstanding the above, it shall be the responsibility of each
                Optionee, not of the Company or the Committee, to comply with the
                requirements of Section 16 of the Securities Exchange Act; and neither
                the
                Company nor the Committee shall be liable if this Plan or any transaction
                under this Plan fails to comply with the applicable conditions of
                Rule
                16b-3 or any successor rule thereto, or if any such person incurs
                any
                liability under Section 16 of the Securities Exchange
                Act.

            

    

    

    10. Market
      Standoff or Lock-Up Agreements. Each
      Participant, if so requested by the Company or any representative of the
      underwriters in connection with any registration of the offering of any
      securities of the Company under the Securities Act, shall not sell or otherwise
      transfer any shares of Common Stock acquired pursuant to this Plan during the
      period as may be agreed to by the Company and such underwriters (the "Lock-Up
      Period") following the effective date of such registration. The Company may
      impose stop-transfer instructions with respect to securities subject to the
      foregoing restriction until the end of such Lock-Up Period.

    

    11. Amendment
      and Discontinuation of this Plan. Either
      the Board or the Committee may from time to time amend this Plan or any Award
      without the consent or approval of the shareholders of the Company; provided,
      however, that, except to the extent provided in Section 9, no amendment or
      suspension of this Plan or any Award issued hereunder shall substantially impair
      any Award previously granted to any Participant without the consent of such
      Optionee.

    

    12. Termination
      Date.  This
      Plan
      shall terminate 10 years after the date of adoption by the Board of
      Directors.

    

     

    

    Amended
      as of October 31, 2004.

    

    

    
      	 	
              QUICK-MED
                TECHNOLOGIES, INC.

            	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              /s/
                David S. Lerner

            	 
	 	 	
              David
                S. Lerner

            	 
	 	 	
              President

            	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              /s/
                Nam H. Nguyen

            	 
	 	 	
              Nam
                H. Nguyen

            	 
	 	 	
              Chief
                Financial Officer

            	 

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    QUICK-MED
      TECHNOLOGIES,
      INC.

    2001
      EQUITY INCENTIVE PLAN

     

    ___________________

     

    2004
      AMENDMENT 

     

    ___________________

     

    WHEREAS,
      Quick-Med
      Technologies, Inc. (the “Company”) maintains the Quick-Med Technologies, Inc.
      2001 Equity Incentive Plan (the “Plan”), and the Board of Directors has duly
      approved a resolution to amend Section 3 of the Plan to increase by 1,000,000
      the number of shares of the Company’s common stock (“Common Stock”) that may be
      awarded to participants under the Plan.

    

     

    NOW,
      THEREFORE, BE IT RESOLVED:
      that
      the Plan be and it is hereby amended as follows, effective immediately but
      subject to approval of this amendment by the Company’s stockholders.

     

    
      	
               

            	
              1.

            	
               

            	
              Section
                3 of the Plan is amended by replacing “3,000,000” with “4,000,000”.
                

            

    

     

    
      	
               

            	
              2.

            	
               

            	
              Each
                and every other provision of the Plan shall remain in full force
                and
                effect, subject only to the change set forth above, references to
                this
                amendment and references to the Plan as the “Amended Plan”.
                

            

    

     

    WHEREFORE,
      the
      undersigned, being duly authorized officers of the Company, hereby adopt and
      approve this 2004 Amendment to the Plan, effective November 1, 2004.

     

    

    
      	 	
              QUICK-MED
                TECHNOLOGIES, INC.

            	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              /s/
                David S. Lerner

            	 
	 	 	
              David
                S. Lerner

            	 
	 	 	
              President

            	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              /s/
                Nam H. Nguyen

            	 
	 	 	
              Nam
                H. Nguyen

            	 
	 	 	
              Chief
                Financial Officer

            	 

    

     

     

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        8Form of Warrants

                                                                                                                                                        Exhibit
    4.2

    Void
      after 5:00 p.m. Eastern Time on [INSERT EXPIRATION DATE]

    Warrant
      to Purchase Shares of Common Stock

     

    THESE
      SECURITIES HAVE NOT BEEN REGISTERED WITH THE U.S. SECURITIES AND EXCHANGE
      COMMISSION OR THE SECURITIES COMMISSION OF ANY OTHER JURISDICTION. THESE
      SECURITIES HAVE BEEN ISSUED PURSUANT TO EXEMPTIONS FROM REGISTRATION AND
      PROSPECTUS REQUIREMENTS PROVIDED BY (i) REGULATION S PROMULGATED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, AND (ii) [INSERT OTHER EXEMPTION(S), AS
      APPLICABLE]. THESE SECURITIES ARE "RESTRICTED". AS SUCH, THESE SECURITIES MAY
      NOT BE OFFERED OR SOLD UNLESS A FURTHER EXEMPTION FROM REGISTRATION REQUIREMENTS
      IS AVAILABLE OR THE HOLD PERIOD APPLICABLE TO THESE SECURITIES HAS EXPIRED.
      IN
      EITHER CASE, THE COMPANY MUST BE PROVIDED WITH AN OPINION OF COUNSEL OR OTHER
      SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS
      ARE AVAILABLE.

     

    ________________________________

    

    WARRANT

    

    TO
      PURCHASE

    [INSERT
      NUMBER] SHARES OF COMMON STOCK

    

    of

    

    QUICK-MED
      TECHNOLOGIES,
      INC.

    ________________________________

    

    Certificate
      No. XX-X

     

    This
      is
      to certify that, FOR VALUE RECEIVED, [INSERT NAME OF RECIPIENT/HOLDER], or
      assigns (the “Holder”), is entitled to purchase, subject to the provisions of
      this Warrant, from QUICK-MED TECHNOLOGIES, INC., a corporation existing under
      the laws of the State of Nevada (the “Company”), fully paid, validly issued and
      non-assessable shares of the Company’s common stock (“Common Shares”) at any
      time or from time to time during the period from the date hereof, through to
      and
      including [INSERT EXPIRY DATE], but
      not
      later than 5:00 p.m. Eastern Time on [INSERT EXPIRY DATE] (the “Exercise
      Period”) at an exercise price equal to $·
      per
      share. The maximum number of Common Shares to be issued upon exercise of this
      Warrant shall be [INSERT NUMBER IN WORDS AND (#)] shares. The price to be paid
      for each Common Share hereunder may be adjusted from time to time as hereinafter
      set forth. The Common Shares deliverable upon such exercise, and as adjusted
      from time to time, are hereinafter sometimes referred to as “Warrant Shares” and
      the respective exercise price of each Common Share in effect at any time and
      as
      adjusted from time to time is hereinafter sometimes referred to as the “Exercise
      Price”. This Warrant is being issued to the initial Holder who, at the date of
      issuance of this Warrant, was qualified to have same distributed to him, her
      or
      it by the Company by virtue of [INSERT PRINCIPAL U.S. EXEMPTION] promulgated
      under the Securities
      Act of 1933, as
      amended (the “Act”), and in accordance with [INSERT OTHER EXEMPTION, IF
      APPLICABLE]. All dollar references herein refer to legal tender of the United
      States of America.

    

    A.  Exercise
      of Warrant.
      This
      Warrant may be exercised in whole or in part at any time or from time to time
      during the Exercise Period; provided, however, that (i) if the last day of
      the Exercise Period is a day on which banking institutions in the State of
      Florida are authorized by law to close, then the Exercise Period shall terminate
      on the next succeeding day which shall not be such a day, and during such period
      the Holder shall have the right to exercise this Warrant into the kind and
      amount of shares of stock and other securities and property (including cash)
      receivable by a holder of the number of Common Shares into which this Warrant
      might have been exercisable immediately prior thereto. This Warrant may be
      exercised by presentation and surrender hereof to the Company at its principal
      office, with the Purchase Form annexed hereto duly executed and accompanied
      by
      payment of the Exercise Price for the number of Warrant Shares specified in
      such
      form. As soon as practicable after each such exercise of the Warrants, but
      not
      later than seven (7) days from the date of such exercise, the Company shall
      issue and deliver to the Holder a certificate or certificates for the Warrant
      Shares issuable upon such exercise, registered in the name of the Holder or
      its
      designee. If this Warrant should be exercised in part only, the Company shall,
      upon surrender of this Warrant for cancellation, execute and deliver a new
      Warrant evidencing the rights of the Holder thereof to purchase the balance
      of
      the Warrant Shares purchasable thereunder. Upon receipt by the Company of this
      Warrant at its office, or by the stock transfer agent of the Company at its
      office, in proper form for exercise, the Holder shall be deemed to be the holder
      of record of the Common Shares issuable upon such exercise, notwithstanding
      that
      the stock transfer books of the Company shall then be closed or that
      certificates representing such Common Shares shall not then be physically
      delivered to the Holder.

     

    [INSERT
      EITHER REG. D OR REG. S LEGEND RE WARRANT AND WARRANT SHARES]. IF THE ABOVE
      CANNOT BE COMPLIED WITH, THEN THE WARRANT CAN BE EXERCISED ONLY IF A WRITTEN
      OPINION OF COUNSEL, THE FORM AND SUBSTANCE OF WHICH IS ACCEPTABLE TO THE
      COMPANY, IS DELIVERED TO THE COMPANY PRIOR TO EXERCISE OF THE WARRANTS BEING
      EXERCISED THAT REGISTRATION IS NOT REQUIRED, OR THE UNDERLYING SECURITIES
      DELIVERED UPON EXERCISE HAVE BEEN REGISTERED UNDER THE 33
      ACT.

     

    B.  Reservation
      of Shares.
      The
      Company shall at all times reserve for issuance and/or delivery upon exercise
      of
      this Warrant such number of its Common Shares as shall be required for issuance
      and delivery upon exercise of the Warrants.

     

    C.  Fractional
      Shares.
      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 any exercise hereof, the Company shall pay to the Holder an amount in
      cash
      equal to such fraction multiplied by the current market value of a share,
      determined as follows:

     

    (1)  If
      the
      Common Shares are listed on a National Securities Exchange or admitted to
      unlisted trading privileges on such exchange or listed for trading on the NASDAQ
      system, the current market value shall be the last reported sale price of the
      Common Shares on such exchange or system on the last business day prior to
      the
      date of exercise of this Warrant or if no such sale is made (or reported) on
      such day, the average closing bid and asked prices for such day on such exchange
      or system; or

     

    (2)  If
      the
      Common Shares are not so listed or admitted to unlisted trading privileges,
      the
      current market value shall be the mean of the last reported bid and asked prices
      reported by the Electronic Bulletin Board or National Quotation Bureau, Inc.
      on
      the last business day prior to the date of the exercise of this Warrant;
      or

     

    (3)  If
      the
      Common Shares are not so listed or admitted to unlisted trading privileges
      and
      bid and asked prices are not so reported, the current market value shall be
      an
      amount, not less than book value thereof as at the end of the most recent fiscal
      year of the Company ending prior to the date of the exercise of the Warrant,
      determined in such reasonable manner as may be prescribed by the Board of
      Directors of the Company.

     

    D.  Exchange,
      Transfer, Assignment or Loss of Warrant.
      This
      Warrant is exchangeable, without expense, at the option of the Holder, upon
      presentation and surrender hereof to the Company for other warrants of different
      denominations entitling the holder thereof to purchase in the aggregate the
      same
      number of Common Shares purchasable hereunder. Upon surrender of this Warrant
      to
      the Company at its principal office, with the Assignment Form annexed hereto
      duly executed and funds sufficient to pay any transfer tax, the Company shall,
      without charge, execute and deliver a new Warrant in the name of the assignee
      named in such instrument of assignment and this Warrant shall promptly be
      cancelled. This Warrant may be divided or combined with other warrants which
      carry the same rights upon presentation hereof at the principal office of the
      Company, together with a written notice specifying the names and denominations
      in which new Warrants are to be issued and signed by the Holder hereof. The
      term
“Warrant” as used herein includes any Warrants into which this Warrant may be
      divided or exchanged. Upon receipt of the Company of evidence satisfactory
      to it
      of the loss, theft, destruction or mutilation of this Warrant, and (in the
      case
      of loss, theft or destruction) of reasonably satisfactory indemnification,
      and
      upon surrender and cancellation of this Warrant, if mutilated, the Company
      will
      execute and deliver a new Warrant of like tenor and date. Any such new Warrant
      executed and delivered shall constitute an additional contractual obligation
      on
      the part of the Company, whether or not this Warrant so lost, stolen, destroyed,
      or mutilated shall be at any time enforceable by anyone.

     

    E.  Rights
      of the Holder.
      The
      Holder shall not, by virtue hereof, be entitled to any rights of a shareholder
      in the Company, either at law or equity, and the rights of the Holder are
      limited to those expressed in the Warrant and are not enforceable against the
      Company except to the extent set forth herein.

     

    F.  Non-Registered
      Securities.
      This
      Warrant was issued to the original Holder pursuant to exemptions from [INSERT
      ALTERNATE JURISDICTION EXEMPTION(S), IF APPLICABLE] [Furthermore, this] [This]
      Warrant and the Common Shares issuable upon exercise of this Warrant are
      issuable upon an exemption from the registration requirements of the Act
      provided by [Regulation D or Regulation S] under the Act, and may be transferred
      only in accordance with a further exemption from registration requirements
      or
      otherwise in accordance with the Act, if applicable.

     

    The
      Holder, by acceptance of this Warrant, agrees that this Warrant and all Warrant
      Shares issuable upon exercise of this Warrant will be disposed of only in
      accordance with (i) the Act and the rules and regulations of the U.S. Securities
      and Exchange Commission (the "Commission") promulgated thereunder, and (ii)
      [INSERT ALTERNATE JURISDICTION RULE(S), IF APPLICABLE], whichever are
      applicable. In addition to any other legend which the Company may deem advisable
      under applicable securities legislation, all certificates representing Common
      Shares (as well as any other securities issued hereunder in respect of any
      such
      shares) issued upon exercise of this Warrant shall be endorsed as
      follows:

    

    THESE
      SECURITIES HAVE NOT BEEN REGISTERED WITH THE U.S. SECURITIES AND EXCHANGE
      COMMISSION OR THE SECURITIES COMMISSION OF ANY OTHER JURISDICTION. THESE
      SECURITIES HAVE BEEN ISSUED PURSUANT TO EXEMPTIONS FROM REGISTRATION AND
      PROSPECTUS REQUIREMENTS PROVIDED BY (i) REGULATION S PROMULGATED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, AND (ii) [INSERT OTHER EXEMPTION(S), AS
      APPLICABLE]. THESE SECURITIES ARE "RESTRICTED". AS SUCH, THESE SECURITIES MAY
      NOT BE OFFERED OR SOLD UNLESS A FURTHER EXEMPTION FROM REGISTRATION REQUIREMENTS
      IS AVAILABLE OR THE HOLD PERIOD APPLICABLE TO THESE SECURITIES HAS EXPIRED.
      IN
      EITHER CASE, THE COMPANY MUST BE PROVIDED WITH AN OPINION OF COUNSEL OR OTHER
      SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS
      ARE AVAILABLE.

     

    G.  Anti-Dilution
      Provisions.
      The
      respective Exercise Price in effect at any time and the number and kind of
      securities purchasable upon the exercise of the Warrants shall be subject to
      adjustment from time to time upon the happening of certain events as
      follows:

     

    (1)  In
      case
      the Company shall (i) subdivide or reclassify its outstanding Common Shares
      into a greater number of shares, or (ii) combine or reclassify its
      outstanding Common Shares into a smaller number of shares, the respective
      Exercise Price in effect at the time of the effective date of such subdivision,
      combination or reclassification shall be adjusted so that it shall equal the
      price determined by multiplying the respective Exercise Price by a fraction,
      the
      denominator of which shall be the number of Common Shares outstanding after
      giving effect to such action, and the numerator of which shall be the number
      of
      Common Shares outstanding immediately prior to such action. Such adjustment
      shall be made successively whenever any event listed above shall
      occur.

     

    (2)  Whenever
      the respective Exercise Price payable upon exercise of each Warrant is adjusted
      pursuant to Subsection (1) above, the number of Shares purchasable upon
      exercise of this Warrant shall simultaneously be adjusted by multiplying the
      respective number of Common Shares issuable upon exercise of this Warrant by
      the
      respective Exercise Price in effect immediately prior to such adjustment and
      dividing the product so obtained by the respective Exercise Price, as
      adjusted.

     

    (3)  No
      adjustment in the respective Exercise Price shall be required unless such
      adjustment would require an increase or decrease of at least one cent ($0.01) in
      such price; provided, however, that any adjustment which by reason of this
      Subsection (3) is not required to be made shall be carried forward and
      taken into account in any subsequent adjustment required to be made hereunder.
      All calculations under this Section H shall be made to the nearest cent or
      to the nearest whole share, as the case may be. Anything in this
      Section (G) to the contrary notwithstanding, the Company shall be entitled,
      but shall not be required, to make such changes in the respective Exercise
      Price, in addition to those required by this Section (G), as it shall
      determine, in its sole discretion, to be advisable in order that any
      subdivision, reclassification or combination of Common Shares, hereafter made
      by
      the Company shall not result in any Federal income tax liability to the holders
      of Common Shares or securities convertible into Common Share (including the
      Warrants).

     

    (4)  In
      the
      event that at any time, as a result of an adjustment made pursuant to
      Subsection G(1) above, the Holder of this Warrant thereafter shall become
      entitled to receive any shares of the Company, other than Common Shares,
      thereafter the number of such other shares so receivable upon exercise of this
      Warrant shall be subject to adjustment from time to time in a manner and on
      terms as nearly equivalent as practicable to the provisions with respect to
      the
      Common Shares contained in Subsections G(1) to G(3) inclusive
      above.

     

    (5)  Irrespective
      of any adjustments in the respective Exercise Price or the related number or
      kind of share purchasable upon exercise of this Warrant, Warrants theretofore
      or
      thereafter issued may continue to express the same price and number and kind
      of
      shares as are stated in the similar Warrants initially issuable pursuant to
      this
      Agreement.

     

    H.  Officer’s
      Certificate.
      Whenever the respective Exercise Price shall be adjusted as required by the
      provisions of the foregoing Section G, the Company shall forthwith file in
      the custody of its Secretary or an Assistant Secretary at its principal office,
      an officer’s certificate showing the adjusted respective Exercise Price
      determined as herein provided, setting forth in reasonable detail the facts
      requiring such adjustment, including a statement of the number of related
      additional Common Shares, if any, and such other facts as shall be necessary
      to
      show the reason for and the manner of computing such adjustment. Each such
      officer’s certificate shall be made available at all reasonable times for
      inspection by the holder or any holder of a Warrant executed and delivered
      pursuant to Section A hereof and the Company shall, forthwith after each
      such adjustment, mail a copy by certified mail of such certificate to the Holder
      or any such holder.

     

    I.  Registration
      Rights.
      This
      Warrant has been granted various registration rights, as follows: 

     

    (1)  The
      Company hereby agrees with the holder of the Warrant or the Warrrant Shares
      issuable upon exercise of the Warrant or their transferees (collectively, the
      "Holders") to file a registration statement with the Commission covering the
      resale of the Warrant Shares, on Form S-8 (if available) or such other form
      as
      the Company desires, pursuant to the Act no later than twelve (12) months
      following the effective date of the issuance of this Warrant, and to use its
      best efforts to cause such registration to become effective as soon as possible
      following the filing thereof.

     

    (2)  The
      Company shall pay all expenses associated with the preparation and filing of
      the
      registration statements filed pursuant to this Section I. The fees, costs and
      expenses of registration to be borne by the Company shall include, without
      limitation, all registration, filing, and NASD fees, printing expenses, fees
      and
      disbursements of counsel and accountants for the Company, and all legal fees
      and
      disbursements and other expenses of complying with state securities or blue
      sky
      laws of any jurisdictions in which the securities to be offered are to be
      registered and qualified. Fees and disbursements of counsel and accountants
      for
      the participating Holders and any other expenses incurred by the participating
      Holders not expressly included above shall be borne by the such
      Holders.

     

    (3)  If
      at any
      time during the term of this warrant ending [INSERT EXPIRATION DATE] (the
“Registration Rights Period”) the Company shall determine to proceed with the
      actual preparation and filing of a registration statement under the Act in
      connection with the proposed offer and sale of any of its securities by it
      or
      any of its security holders (other than a registration statement on Form S-4,
      S-8 or other limited purpose form), and the Warrant Shares have not yet been
      registered for resale, then the Company will give written notice of its
      determination to all record holders of the Warrant or Warrant Shares (as the
      case may be, hereinafter “Registrable Shares”). Upon the written request from
      (any one of) the Holder(s), the Company will, except as herein provided, cause
      all such Registrable Shares to be included in such registration statement,
      all
      to the extent requisite to permit the sale or other disposition by the
      prospective seller or sellers of the Registrable Shares to be so registered;
      provided, further, that nothing herein shall prevent the Company from, at any
      time, abandoning or delaying any registration. If any such registration shall
      be
      underwritten in whole or in part, the Company may require that the Registrable
      Shares requested for inclusion pursuant hereto be included in the underwriting
      on the same terms and conditions as the securities otherwise being sold through
      the underwriters. If in the good faith judgment of the managing underwriter
      of
      such public offering, the inclusion of the Registrable Shares requested for
      inclusion pursuant hereto together with any other shares which have similar
      piggyback registration rights (such shares and the Registrable Shares being
      collectively referred to as the "Requested Stock") would reduce the number
      of
      shares to be offered by the Company or interfere with the successful marketing
      of the shares of stock offered by the Company, the number of shares of Requested
      Stock otherwise to be included in the registration statement may be reduced
      pro
      rata (by number of shares) among the holders thereof requesting such
      registration or excluded in their entirety if so required by the underwriter.
      To
      the extent only a portion of the Requested Stock is included in the registration
      statement, those shares of Requested Stock which are thus excluded from the
      underwritten public offering shall be withheld from the market by the holders
      thereof for a period, not to exceed ninety (90) days, which the managing
      underwriter reasonably determines is necessary in order to effect the
      underwritten public offering.

     

    (4)  The
      obligation of the Company hereunder shall be limited to two registration
      statements and shall not apply if the Registrable Shares are then freely salable
      without volume limitations under Rule 144(k) of the Act. 

     

    (5)  If
      and
      whenever the Company is required by the provisions hereof to effect the
      registration of Registrable Shares under the Act, the Company will:

     

    (a)  prepare
      and file with the Commission a registration statement with respect to such
      securities, and use its best efforts to cause such registration statement to
      become and remain effective until the Registrable Shares are freely salable
      without the volume limitations of Rule 144;

     

    (b)  prepare
      and file with the Commission such amendments to such registration statement
      and
      supplements to the prospectus contained therein as may be necessary to keep
      such
      registration statement effective until the Registrable Shares are freely salable
      without the volume limitations of Rule 144;

     

    (c)  furnish
      to the Holders participating in such registration and to the underwriters of
      the
      securities being registered such reasonable number of copies of the registration
      statement, preliminary prospectus, final prospectus and such other documents
      as
      such underwriters may reasonably request in order to facilitate the public
      offering of such securities;

     

    (d)  use
      its
      best efforts to register or qualify the securities covered by such registration
      statement under such state securities or blue sky laws of such jurisdictions
      as
      such participating Holders may reasonably request in writing within twenty
      (20)
      days following the original filing of such registration statement, except that
      the Company shall not for any purpose be required to execute a general consent
      to service of process or to qualify to do business as a foreign corporation
      in
      any jurisdiction wherein it is not so qualified;

     

    (e)  notify
      the Holders participating in such registration, promptly after it shall receive
      notice thereof, of the time when such registration statement has become
      effective or a supplement to any prospectus forming a part of such registration
      statement has been filed;

     

    (f)  notify
      the Holders promptly of any request by the Commission for the amending or
      supplementing of such registration statement or prospectus or for additional
      information;

     

    (g)  prepare
      and file with the Commission, promptly upon the request of any such Holders,
      any
      amendments or supplements to such registration statement or prospectus which,
      in
      the opinion of counsel for such Holders (and concurred in by counsel for the
      Company), is required under the Act or the rules and regulations thereunder
      in
      connection with the distribution of the Registrable Shares by such
      Holders;

     

    (h)  prepare
      and promptly file with the Commission and promptly notify such Holders of the
      filing of such amendment or supplement to such registration statement or
      prospectus as may be necessary to correct any statements or omissions if, at
      the
      time when a prospectus relating to such securities is required to be delivered
      under the Act, any event shall have occurred as the result of which any such
      prospectus or any other prospectus as then in effect would include an untrue
      statement of a material fact or omit to state any material fact necessary to
      make the statements therein, in the light of the circumstances in which they
      were made, not misleading; and 

     

    (i)  advise
      such Holders, promptly after it shall receive notice or obtain knowledge
      thereof, of the issuance of any stop order by the Commission suspending the
      effectiveness of such registration statement or the initiation or threatening
      of
      any proceeding for that purpose and promptly use its best efforts to prevent
      the
      issuance of any stop order or to obtain its withdrawal if such stop order should
      be issued.

     

    (6)  The
      Company will indemnify and hold harmless each Holder of Registrable Shares
      which
      are included in a registration statement filed pursuant to this Section I,
      its
      directors and officers (if applicable), and any underwriter (as defined in
      the
      Act) for such Holder and each person, if any, who controls such Holder or such
      underwriter within the meaning of the Act, from and against, and will reimburse
      such Holder and each such underwriter and controlling person with respect to,
      any and all loss, damage, liability, cost and expense to which such holder
      or
      any such underwriter or controlling person may become subject under the Act
      or
      otherwise, insofar as such losses, damages, liabilities, costs or expenses
      are
      caused by any untrue statement or alleged untrue statement of any material
      fact
      contained in such registration statement, any prospectus contained therein
      or
      any amendment or supplement thereto, or arise out of or are based upon the
      omission or alleged omission to state therein a material fact required to be
      stated therein or necessary to make the statements therein, in light of the
      circumstances in which they were made, not misleading; provided, however, that
      the Company will not be liable in any such case to the extent that any such
      loss, damage, liability, cost or expenses arises out of or is based upon an
      untrue statement or alleged untrue statement or omission or alleged omission
      so
      made in conformity with information furnished by or on behalf of such Holder,
      its directors and officers, such underwriter or such controlling person in
      writing specifically for use in the preparation thereof.

     

    (7)  Each
      Holder of Registrable Shares included in a registration pursuant to the
      provisions of this Section I will indemnify and hold harmless the Company,
      its
      directors and officers, any controlling person and any underwriter from and
      against, and will reimburse the Company, its directors and officers, any
      controlling person and any underwriter with respect to, any and all loss,
      damage, liability, cost or expense to which the Company or any controlling
      person and/or any underwriter may become subject under the Act or otherwise,
      insofar as such losses, damages, liabilities, costs or expenses are caused
      by
      any untrue statement or alleged untrue statement of any material fact contained
      in such registration statement, any prospectus contained therein or any
      amendment or supplement thereto, or arise out of or are based upon the omission
      or alleged omission to state therein a material fact required to be stated
      therein or necessary to make the statements therein, in light of the
      circumstances in which they were made, not misleading, in each case to the
      extent that such untrue statement or alleged untrue statement or omission or
      alleged omission was so made in conformity with written information furnished
      by
      or on behalf of such Holder specifically for use in the preparation
      thereof.

     

    (8)  Promptly
      after receipt by an indemnified party pursuant to the provisions of subsection
      (6) or (7) of this Section I of notice of the commencement of any action
      involving the subject matter of the foregoing indemnity provisions such
      indemnified party will, if a claim thereof is to be made against the
      indemnifying party pursuant to the provisions of said subsection (6) or (7),
      promptly notify the indemnifying party of the commencement thereof; but the
      omission to so notify the indemnifying party will not relieve it from any
      liability which it may have to any indemnified party otherwise than hereunder.
      In case such action is brought against any indemnified party and it notifies
      the
      indemnifying party of the commencement thereof, the indemnifying party shall
      have the right to participate in, and, to the extent that it may wish, jointly
      with any other indemnifying party similarly notified, to assume the defense
      thereof, with counsel satisfactory to such indemnified party, provided, however,
      if the defendants in any action include both the indemnified party and the
      indemnifying party and the indemnified party shall have reasonably concluded
      that there may be legal defenses available to it and/or other indemnified
      parties which are different from or in addition to those available to the
      indemnified party, or if there is a conflict of interest which would prevent
      counsel for the indemnifying party from also representing the indemnified party,
      the indemnified party or parties have the right to select separate counsel
      to
      participate in the defense of such action on behalf of such indemnified party
      or
      parties. After notice from the indemnifying party to such indemnified party
      of
      its election so to assume the defense thereof, the indemnifying party will
      not
      be liable to such indemnified party pursuant to the provisions of said
      subsection (6) or (7) for any legal or other expense subsequently incurred
      by
      such indemnified party in connection with the defense thereof other than
      reasonable costs of investigation, unless (i) the indemnified party shall have
      employed counsel in accordance with the provisions of the preceding sentence,
      (ii) the indemnifying party shall not have employed counsel satisfactory to
      the
      indemnified party to represent the indemnified party within a reasonable time
      after the notice of the commencement of the action, or (iii) the indemnifying
      party has authorized the employment of counsel for the indemnified party at
      the
      expense of the indemnifying party.

     

    J.  Notices
      to Holder.
      So long
      as this Warrant shall be outstanding, (i) if the Company shall pay any
      dividend or make any distribution upon the Common Shares or (ii) if the
      Company shall offer to the holders of Common Shares for subscription or purchase
      by them any share of any class or any other rights or (iii) if any capital
      reorganization of the Company, reclassification of the capital stock of the
      Company, consolidation or merger of the Company with or into another
      corporation, sale, lease or transfer of all or substantially all of the property
      and assets of the Company to another corporation, or voluntary or involuntary
      dissolution, liquidation or winding up of the Company shall be effected, then
      in
      every such case, the Company shall cause to be mailed by certified mail to
      the
      Holder, at least fifteen (15) days prior the date specified in (x) or
      (y) below, as the case may be, a notice containing a brief description of
      the proposed action and stating the date on which (x) a record is to be
      taken for the purpose of such dividend, distribution or rights, or (y) such
      reclassification, reorganization, consolidation, merger, conveyance, lease,
      dissolution, liquidation or winding up is to take place and the date, if any
      is
      to be fixed, as of which the holders of Common Shares or other securities shall
      receive cash or other property deliverable upon such reclassification,
      reorganization, consolidation, merger, conveyance, dissolution, liquidation
      or
      winding up.

     

    K.  Reclassification,
      Reorganization or Merger.
      In case
      of any reclassifica-tion, capital reorganization or other change of the
      outstanding Common Shares of the Company, or in case of any consolidation or
      merger of the Company with or into another corporation (other than a merger
      with
      a subsidiary in which merger the Company is the continuing corporation and
      which
      does not result in any reclassification, capital reorganization or other change
      of the outstanding Common Shares issuable upon exercise of this Warrant) or
      in
      case of any sale, lease or conveyance to another corporation of the property
      of
      the Company as an entirety, the Company shall, as a condition precedent to
      such
      transaction, cause effective provisions to be made so that the Holder shall
      have
      the right thereafter by exercising this Warrant at any time prior to the
      expiration of the Warrant, to purchase the kind and amount of shares of stock
      and other securities and property receivable upon such reclassification, capital
      reorganization and other change, consolidation, merger, sale or conveyance
      by a
      holder of the number of Common Shares which might have been purchased upon
      exercise of this Warrant immediately prior to such reclassification, change,
      consolidation, merger, sale or conveyance. Any such provision shall include
      provision for adjustments which shall be as nearly equivalent as may be
      practicable to the adjustments provided for in this Warrant. The foregoing
      provisions of this Section J shall similarly apply to successive
      reclassifications, capital reorganizations and changes of the Common Shares
      and
      to successive consolidations, mergers, sales or conveyances. 

     

    L.  Choice
      of Law and Venue.
      This
      Warrant shall be governed by and construed under the laws of the State of
      Florida, without regard to choice of laws, in force from time to time. Any
      proceeding arising out of this Warrant shall be brought in the State of Nevada
      and all parties hereby consent to the jurisdiction of the courts in such
      State.

     

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be executed under the
      hand of its authorized officer, effective as of [Insert Date].

     

    

     

    
      	 	
              QUICK-MED
                TECHNOLOGIES, INC.

            
	 	 	 
	 	
              Per:

            	 
	 	
              Name/Title:
                

            	 

    

    

     

    
      
        
        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          -
            -

          

        

      

    

    

     

    EXERCISE
      FORM

     

    [INSERT
      EITHER REG. D OR REG. S LEGEND RE WARRANT AND WARRANT SHARES].
IF
      THE ABOVE CANNOT BE COMPLIED WITH, THEN THE WARRANT CAN BE EXERCISED ONLY IF
      A
      WRITTEN OPINION OF COUNSEL, THE FORM AND SUBSTANCE OF WHICH IS ACCEPTABLE TO
      THE
      COMPANY, IS DELIVERED TO THE COMPANY PRIOR TO EXERCISE OF THE WARRANTS BEING
      EXERCISED THAT REGISTRATION IS NOT REQUIRED, OR THE UNDERLYING SECURITIES
      DELIVERED UPON EXERCISE HAVE BEEN REGISTERED UNDER THE U.S. SECURITIES ACT
      OF
      1933, AS AMENDED.

     

    

     

    The
      undersigned hereby irrevocably elects to exercise the within Warrant to the
      extent of paying $   
      in cash
      to purchase shares of common stock ("Common Shares") of Quick-Med Technologies,
      Inc. at an exercise price of $·
      per
      share, for _____________ Common Shares.

     

    

     

    INSTRUCTIONS
      FOR REGISTRATION OF STOCK

     

    

    
      	
              Name:
                

            	 
	
              (Please
                typewrite or print in block letters)

               

            
	
              Address:
                

               

            	 
	
              Social
                Security or Business Tax I.D. Number: 

               

            

    

    

     

    The
      undersigned represents and warrants to Quick-Med Technologies, Inc. that the
      conditions for exercise of the within Warrant set forth in the first sentence
      of
      the first paragraph above have been fully complied
      with.

     

    

    

    
      	
              Signature:
                

            	 
	 	
               (Sign
                exactly as your name appears on the first page of this
                Warrant)

            

    

    

    
      
        
        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          -
            -

          

        

      

    

    ASSIGNMENT
      FORM

     

    FOR
      VALUE
      RECEIVED, ____________________________________ hereby sells, assigns and
      transfers unto:

     

    Name
      

    (Please
      typewrite or print in block letters)

    

    Address
      

    

    Social
      Security or Business Tax I.D. Number: 

    the
      right
      to purchase ______________________________________ shares of Quick-Med
      Technologies, Inc. common stock represented by this Warrant as to which such
      right is exercisable and does hereby irrevocably constitute and appoint
      ______________________________________ as Attorney, to transfer the same on
      the
      books of Quick-Med Technologies, Inc. with full power of substitution in the
      premises.

     

    Date:
      __________ __, ______

     

    

    
      	
              Signature:
                

            	 
	 	
               (Sign
                exactly as your name appears on the first page of this
                Warrant)

            

    

    

     

    

    Note: This
      Warrant and the Common Shares issuable upon exercise of this Warrant were issued
      in accordance with exemptions from prospectus and registration requirements
      under [INSERT EXEMPTIONS], and may be transferred only in accordance with the
      said statutes and regulations, as applicable to the transferor and/or the
      transferee.

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