Document:

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                                                                Exhibit 4.12

                             THE LACLEDE GROUP, INC.

                              OFFICER'S CERTIFICATE
                         Establishing Medium-Term Notes

                                , the Treasurer of The Laclede Group, Inc., a
         -----------------------
Missouri corporation (the "Company"), pursuant to the authority granted in the
Board Resolutions of the Company dated           , 200 , and Sections 201 and
                                       ----------     -
301 of the Indenture defined herein, does hereby certify to The Bank of New
York (the "Trustee"), as Trustee under the Indenture of the Company (For
Unsecured Debt Securities) dated as of             , 200  (the "Indenture"),
                                       ------------     -
that:

1.       The securities of the first series to be issued under the Indenture
         shall be designated "Medium-Term Notes, Series A" (the "Medium-Term
         Notes of the First Series"). All capitalized terms used in this
         certificate that are not defined herein shall have the meanings set
         forth in the Indenture;

2.       The Medium-Term Notes of the First Series shall mature, and the
         principal thereof shall be due and payable together with all accrued
         and unpaid interest, on such date not less than [nine months] nor
         more than [forty] years from the date of issuance, as shall be
         specified in the Medium-Term Notes of the First Series, a form of
         which is hereto attached as Exhibit A, and communicated by the
         Company to the Trustee by a written order pursuant to Company Order
         No. of even date herewith;

3.       The Medium-Term Notes of the First Series shall be issued in the
         denominations of $         [if other than denominations of $1,000]
                           --------
         and any integral multiple thereof;

4.       The Medium-Term Notes of the First Series shall bear interest as
         shall be specified in the Medium-Term Notes of the First Series, a
         form of which is hereto attached as Exhibit A, and communicated by
         the Company to the Trustee by a written order pursuant to Company
         Order No.         of even date herewith;
                  --------

5.       The principal of, premium, if any, and each installment of interest
         on the Medium-Term Notes of the First Series shall be payable at,
         and registration and registration of transfers and exchanges in
         respect of the Medium-Term Notes of the First Series may be
         effected at, the office or agency of the Company in The City of New
         York; provided that payment of interest may be made at the option
         of the Company by check mailed to the address of the persons
         entitled thereto or by electronic transfer to an account designated
         by the person entitled thereto. Notices and demands to or upon the
         Company in respect of the Medium-Term Notes of the First Series may
         be served at the office or agency of the Company in The City of New
         York. The Corporate Trust Office of the Trustee will initially be
         the agency of the Company for such payment, registration and
         registration of transfers and exchanges and service of notices and
         demands, and the Company

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         hereby appoints the Trustee as its agent for all such purposes;
         provided, however, that the Company reserves the right to change,
         by one or more Officer's Certificates, any such office or agency
         and such agent. The Trustee will initially be the Security
         Registrar and the Paying Agent for the Medium-Term Notes of the
         First Series;

6.       The Medium-Term Notes of the First Series shall be redeemable as
         provided in the Medium-Term Notes of the First Series, a form of
         which is attached hereto as Exhibit A, and communicated by the
         Company to the Trustee by a written order pursuant to Company Order
         No.         of even date herewith;
            --------

7.       [Extension of interest payment provisions, if any, will be inserted
         here];

8.       The Medium-Term Notes of the First Series shall be initially issued
         in global form registered in the name of Cede & Co. (as nominee for
         The Depository Trust Company, New York, New York). The Medium-Term
         Notes of the First Series in global form shall bear the depository
         legend in substantially the form set forth in Exhibit A hereto,
         containing certain restrictions on transfer;

9.       No service charge will be made for the registration of transfer or
         exchange of the Medium-Term Notes of the First Series; provided,
         however, that the Company may require payment of a sum sufficient to
         cover any tax or other governmental charge that may be imposed in
         connection with the exchange or transfer;

10.      If the Company shall make any deposit of money and/or Eligible
         Obligations with respect to any Medium-Term Notes of the First
         Series, or any portion of the principal amount thereof, as
         contemplated by Section 701 of the Indenture, the Company shall not
         deliver an Officer's Certificate described in clause (z) in the
         first paragraph of said Section 701 unless the Company shall also
         deliver to the Trustee, together with such Officer's Certificate,
         either:

                (A)   an instrument wherein the Company, notwithstanding the
                satisfaction and discharge of its indebtedness in respect of
                the Medium-Term Notes of the First Series, shall assume the
                obligation (which shall be absolute and unconditional) to
                irrevocably deposit with the Trustee or Paying Agent such
                additional sums of money, if any, or additional Eligible
                Obligations (meeting the requirements of Section 701), if
                any, or any combination thereof, at such time or times, as
                shall be necessary, together with the money and/or Eligible
                Obligations theretofore so deposited, to pay when due the
                principal of and premium, if any, and interest, if any, due
                and to become due on such Medium-Term Notes of the First
                Series or portions thereof, all in accordance with and
                subject to the provisions of said Section 701; provided,
                however, that such instrument may state that the obligation
                of the Company to make additional deposits as aforesaid
                shall be subject to the delivery to the Company by the
                Trustee of a notice asserting the deficiency accompanied by
                an opinion of an independent

                                      2

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                public accountant of nationally recognized standing,
                selected by the Trustee, showing the calculation thereof; or

                (B)   an Opinion of Counsel to the effect that, as a result
                of (i) the receipt by the Company from, or the publication
                by, the Internal Revenue Service of a ruling or (ii) a
                change in law occurring after the date of this certificate,
                the Holders of such Medium-Term Notes of the First Series,
                or portions of the principal amount thereof, will not
                recognize income, gain or loss for United States federal
                income tax purposes as a result of the satisfaction and
                discharge of the Company's indebtedness in respect thereof
                and will be subject to United States federal income tax on
                the same amounts, at the same times and in the same manner
                as if such satisfaction and discharge had not been effected;

11.      The Medium-Term Notes of the First Series shall have such other
         terms and provisions as are provided in the form thereof set forth
         in Exhibit A hereto, and shall be issued in substantially such
         form;

12.      The undersigned has read all of the covenants and conditions contained
         in the Indenture relating to the Company's issuance of the Medium-Term
         Notes of the First Series and the definitions in the Indenture relating
         thereto, the compliance with which this certificate addresses;

13.      The statements contained in this certificate are based upon the
         familiarity of the undersigned with the Indenture, the documents
         accompanying this certificate, and upon discussions by the undersigned
         with officers and employees of the Company familiar with the matters
         set forth herein;

14.      In the opinion of the undersigned, he has made such examination or
         investigation as is necessary to enable him to express an informed
         opinion as to whether or not such covenants and conditions have
         been complied with; and

15.      In the opinion of the undersigned, such conditions and covenants and
         conditions precedent, if any (including any covenants compliance with
         which constitutes a condition precedent), to the authentication and
         delivery of the Medium-Term Notes of the First Series requested in the
         accompanying Company Order No.      have been complied with.
                                       -----

         IN WITNESS WHEREOF, I have executed this Officer's Certificate this
    day of            , 200  .
---        -----------     --

                                                   --------------------------
                                                   Treasurer

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                                    EXHIBIT A

                               [depository legend]

         [Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation
("DTC"), to the Company or its agent for registration of transfer, exchange,
or payment, and any certificate issued is registered in the name of
Cede & Co. or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein.]

                       [FORM OF FACE OF MEDIUM-TERM NOTE]

                             THE LACLEDE GROUP, INC.

                           MEDIUM-TERM NOTE, SERIES A

NO.

ISSUE DATE:                     PRINCIPAL AMOUNT:                  CUSIP:

ORIGINAL INTEREST               INTEREST RATE:                 MATURITY DATE:
ACCRUAL DATE:

INTEREST PAYMENT DATES:

REDEEMABLE AT OPTION OF THE COMPANY:   YES     NO
                                           --     --

                 [Redemption provisions will be inserted here].

         THE LACLEDE GROUP, INC., a corporation duly organized and existing
under the laws of the State of Missouri (herein referred to as the
"Company," which term includes any successor Person under the Indenture
referred to on the reverse hereof), for value received hereby promises to
pay to                  or registered assigns, the principal sum of
       ----------------
                          Dollars on the Maturity Date specified above, and
-------------------------
to pay interest thereon at the Interest Rate specified above, [semi-annually]
on the Interest Payment Dates specified above of each year and on the
Maturity Date specified above, from the Original Interest Accrual Date
specified above or from the most recent Interest Payment Date to which
interest has been paid, commencing on the Interest Payment Date next
succeeding the Original Interest Accrual Date, until the Company's

                                     4

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obligation with respect to the payment of principal shall have been
discharged; provided, however, that if the date hereof is after a record
date specified below with respect to any Interest Payment Date and prior to
such Interest Payment Date, then interest shall be payable only from such
Interest Payment Date (unless the Issue Date is after such record date and
prior to the next succeeding Interest Payment Date, in which case payment of
interest shall commence on the second Interest Payment Date succeeding the
Issue Date), unless the Company shall default in the payment of interest due
on such Interest Payment Date, in which case interest shall be payable from
the next preceding Interest Payment Date to which interest has been paid,
or, if no interest has been paid on this Security, from the Original
Interest Accrual Date. In the event that any Interest Payment Date is not a
Business Day, then payment of interest payable on such date will be made on
the next succeeding day which is a Business Day (and without any interest or
other payment in respect of such delay) with the same force and effect as if
made on such Interest Payment Date. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date will, as provided in
the Indenture, be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be [the     th day of the
                                                           ----
calendar month next preceding such Interest Payment Date]. [Subject to the
extension of interest payment provisions,] Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to
the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment
of such Defaulted Interest to be fixed by the Trustee, notice of which shall
be given to Holders of Securities of this series not less than 10 days prior
to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on
which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in the
Indenture.

         Payment of the principal of (and premium, if any) and interest on
this Security will be made at the office or agency of the Company maintained
for that purpose in The City of New York, the State of New York, in such
coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts; provided, however,
that, at the option of the Company, interest on this Security may be paid by
check mailed to the address of the person entitled thereto, as such address
shall appear on the Security Register, or by electronic transfer to an
account designated by the person entitled thereto.

         Reference is hereby made to the further provisions of this Security
set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon has been executed
by the Trustee referred to on the reverse hereof by manual signature, this
Security shall not be entitled to any benefit under the Indenture or be
valid or obligatory for any purpose.

                                     5

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         IN WITNESS WHEREOF, the Company has caused this instrument to be
duly executed.

                                         THE LACLEDE GROUP, INC.

                                         By:
                                             --------------------------------

                     [FORM OF CERTIFICATE OF AUTHENTICATION]

                          CERTIFICATE OF AUTHENTICATION

Dated:

         This is one of the Securities of the series designated therein
referred to in the within-mentioned Indenture.

                                         The Bank of New York,
                                         as Trustee

                                         By:
                                             --------------------------------

                      [FORM OF REVERSE OF MEDIUM-TERM NOTE]

         This Security is one of a duly authorized issue of securities of
the Company (herein called the "Securities"), issued and to be issued in one
or more series under an Indenture (For Unsecured Debt Securities), dated as
of           , 200   (herein, together with any amendments or supplements
   ----------     --
thereto, called the "Indenture," which term shall have the meaning assigned
to it in such instrument), between the Company and The Bank of New York, as
Trustee (herein called the "Trustee," which term includes any successor
trustee under the Indenture), and reference is hereby made to the Indenture,
including the Board Resolutions and Officer's Certificate filed with the
Trustee on , 200 creating the series designated on the face hereof, for a
statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated
on the face hereof.

         The Indenture contains provisions for defeasance at any time of the
entire indebtedness of the Company in respect of this Security, or any
portion of the principal amount thereof, upon compliance with certain
conditions set forth in the Indenture, including the Officer's Certificate
described above.

                                       6

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         If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this
series may be declared due and payable in the manner and with the effect
provided in the Indenture.

         The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of
the Company and the rights of the Holders of the Securities of each series
to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in principal amount of
the Securities at the time Outstanding of all series to be affected. The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to
waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Security shall be conclusive and
binding upon such Holder and upon all future Holders of this Security and of
any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver
is made upon this Security.

         As provided in and subject to the provisions of the Indenture, the
Holder of this Security shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or
trustee or for any other remedy thereunder, unless (a) such Holder shall
have previously given the Trustee written notice of a continuing Event of
Default with respect to the Securities of this series, (b) the Holders of a
majority in aggregate principal amount of the Securities of all series at
the time Outstanding in respect of which an Event of Default shall have
occurred and be continuing shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own name as
Trustee, (c) such Holder shall have offered the Trustee reasonable indemnity
satisfactory to it, (d) the Trustee shall have failed to institute any such
proceeding for 60 days after receipt of such notice, request and offer of
indemnity, and (e) the Trustee shall not have received from the Holders of a
majority in aggregate principal amount of Securities of all series at the
time Outstanding in respect of which an Event of Default shall have occurred
and be continuing a direction inconsistent with such request. The foregoing
shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof or any premium or [,
subject to the extension of interest payment provisions,] interest hereon on
or after the respective due dates expressed herein.

         No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and
any premium and interest on this Security at the times, place and rate, and
in the coin or currency, herein prescribed.

         [Extension of interest payment provisions, if any, will be inserted
here.]

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         The Securities of this series are issuable only in registered form
without coupons in denominations of $         . As provided in the Indenture
                                     ---------
and subject to certain limitations therein set forth, Securities of this
series are transferable to a transferee or transferees, as designated by the
Holder surrendering the same for such registration of transfer, and
exchangeable for a like aggregate principal amount of Securities of this
series and of like tenor and of authorized denominations, as requested by
the Holder surrendering the same.

         No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in
connection therewith.

         The Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Security is registered as
the absolute owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.

         All terms used in this Security that are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

                                       8Exhibit 4.1

                       VOID AFTER JULY 4, 2006

                        HYPERBARIC SYSTEMS

                          260,000 Shares

                    COMMON STOCK PURCHASE WARRANT
                           No. W-101

In consideration of the Cancellation of Debt Agreement made effective
July 5, 2001, and other consideration set forth herein, receipt of
which is hereby acknowledged, Harry Masuda is entitled to purchase,
subject to the terms and conditions hereinafter set forth, 260,000
shares of Common Stock (the "Common Stock") of HyperBaric Systems, a
California corporation (the "Company").

1.      Exercise Price.

      This Warrant shall be exercisable at a price per share
(the "Exercise Price") equal to $0.01, subject to adjustment
as provided herein.

2.      Exercise of Warrant.

        (a)     This Warrant may be exercised at any time in whole or
from time to time in part, on or prior to  July 5, 2006 (the
"Termination Date"), subject to earlier termination as provided in
Section 9 below, by surrendering to the Company, at its principal
office, or at such other place as the Company may designate, this
Warrant and the Notice of Exercise attached hereto, duly executed by
the registered holder hereof, accompanied by payment in full of the
Exercise Price payable with respect to the number of shares being
purchased pursuant to such exercise.  Payment of such Exercise Price
shall be by cash, check or bank draft payable to the Company or order
or by cancellation of indebtedness of the Company to the registered
holder hereof, if any, at the time of exercise.  If less than all of
the purchase rights represented by this Warrant are exercised, the
Company will, upon such exercise, execute and deliver to the
registered owner hereof a new Warrant, dated the date hereof,
evidencing the number of purchase rights as to which this Warrant was
not exercised.  As to purchase rights hereunder that are so exercised,
the Company shall deliver, to and in the name of the registered owner
hereof, within a reasonable time after the date of such exercise (in
no event later than 15 days following exercise), a certificate
representing the number of shares of Common Stock issuable upon such
exercise (the "Shares"), and the registered owner hereof shall be the
registered owner of the Shares as of the close of business on the date
the purchase rights under this Warrant for the Shares were exercised.

        (b)     No fractional shares or scrip representing fractional
shares shall be issued on the exercise of this Warrant.  If on any
exercise of this Warrant, a fraction of a share would result, the
Company will pay the cash value of that fractional share calculated on
the basis of fair market value, as determined by the Company's Board
of Directors.

        (c)     The Company covenants that all shares which may be
issued upon the exercise of this Warrant will, upon such exercise and
payment of the Exercise Price therefor, be fully paid and
nonassessable and free from all taxes, liens and charges in respect of
the issue thereof (other than taxes in respect of any transfer
occurring contemporaneously with such issue).

3.      Charges, Taxes and Expenses.  Issuance of certificates for the
Shares upon the exercise of this Warrant (or portion thereof) shall be
made without charge to the registered holder hereof for any issue or
transfer tax or other incidental expense in respect of the issuance of
such certificate, all of which taxes and expenses shall be paid by the
Company, and such certificates shall be issued in the name of the
registered holder of this Warrant or in such name or names as may be
directed by the registered holder of this Warrant; provided, however,
that in the event certificates for the Shares are to be issued in a
name other than the name of the registered holder of this Warrant,
this Warrant when surrendered for exercise shall be accompanied by the
Assignment Form attached hereto duly executed by the holder hereof;
and provided further, that upon any transfer involved in the issuance
or delivery of any certificates for the Shares, the Company may
require, as a condition thereto, the payment of a sum sufficient to
reimburse it for any transfer tax incidental thereto.

4.      No Rights as Shareholder.  This Warrant and the purchase
rights represented hereby do not entitle the holder hereof to any
rights (including voting rights) as a shareholder of the Company prior
to the exercise hereof.

5.      Exchange and Registry of Warrant.  This Warrant is
exchangeable, upon the surrender hereof by the registered holder at
the above-mentioned office or agency of the Company, for a new Warrant
of like tenor and dated as of such exchange.  The Company shall
maintain at the above-mentioned office or agency a registry showing
the name and address of the registered holder of this Warrant.  This
Warrant may be surrendered for exchange, transfer or exercise, in
accordance with its terms, at such office or agency of the Company,
and the Company shall be entitled to rely in all respects, prior to
written notice to the contrary, upon such registry.

6.      Transfer or Assignment of Warrant.

        (a)     This Warrant may not be assigned or transferred except
as provided herein and in accordance with and subject to the
provisions of the Securities Act of 1933, as amended, and the Rules
and Regulations promulgated thereunder (such Act and such Rules and
Regulations being hereinafter collectively referred to as the "Act").
Any purported transfer or assignment made other than in accordance
with this Section6 shall be null and void and of no force and effect.

        (b)     This Warrant shall be transferable only upon receipt
by the Company, if requested by the Company, of an opinion of counsel
satisfactory to the Company, which may be counsel to the Company, that
(i)the transferee is a person to whom this Warrant may be legally
transferred without registration under the Act, and (ii)such transfer
will not violate any applicable law or governmental rule or
regulation, including, without limitation, any applicable federal or
state securities law.  Prior to the transfer or assignment, the
assignor or transferor shall reimburse the Company for its expenses,
including attorneys' fees, incurred in connection with the transfer or
assignment.

        (c)     Any assignment permitted hereunder shall be made by
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.  In such event 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 together with a written notice
signed by the holder thereof, specifying the names and denominations
in which new warrants are to be issued.   Upon the transfer of all or
a portion of this Warrant in accordance with the terms of this
Agreement, the new holder or holders shall have and hold all of the
rights of the transferor hereunder.

7.      Loss, Theft, Destruction or Mutilation of Warrant.  Upon
receipt by the Company of evidence reasonably satisfactory to it of
the loss, theft or destruction or mutilation of this Warrant, and in
case of loss, theft or destruction, of indemnity or security
reasonably satisfactory to it, and upon reimbursement to the Company
of all reasonable expenses incidental thereto, and upon surrender and
cancellation of this Warrant, if mutilated, the Company will make and
deliver a new Warrant of like tenor and dated as of such cancellation,
in lieu of this Warrant.

8.      Saturdays, Sundays, Holidays, etc.  If the last or appointed
day for the taking of any action or the expiration of any right
required or granted herein shall be a Saturday or a Sunday or a legal
holiday, then such action may be taken or such right may be exercised
on the next succeeding day not a Saturday, Sunday or legal holiday.

9.      Merger, Sales of Assets, etc.  If at any time prior to the
Termination Date the Company proposes to consolidate with or merge
with or sell or convey all or substantially all of its assets to any
other corporation, then the Company shall give the holder of this
Warrant thirty (30) days notice of the proposed effective date of such
transaction and the holder of this Warrant shall have the option, in
its sole discretion, of exercising or selling this Warrant in
connection with such transaction.  The Company will cooperate with the
holder in arranging the sale of this Warrant in connection with any
such transaction.  The selling price per share of Common Stock covered
by this Warrant shall be equal to the consideration per share to be
received by the holders of Common Stock less the per share exercise
price hereunder.

10.     Adjustment of Exercise Price and Number of Shares.  The
Exercise Price and number of shares of Common Stock purchasable
hereunder are subject to the adjustment from time to time as follows:

        (a)     Reclassification, etc.  If the Company at any time
shall, by subdivision, combination, reclassification or modification
of terms of securities or otherwise, change any of the securities to
which purchase rights under this Warrant exist into the same or a
different number of securities of any class or classes, this Warrant
shall thereafter entitle the holder to acquire such number and kind of
securities as would have been issuable as the result of such change
with respect to the securities which were subject to the purchase
rights under this Warrant immediately prior to such subdivision,
combination, reclassification or other change.  If the shares of
Common Stock, or other securities purchasable hereunder, are
subdivided or combined into a greater or smaller number of shares, the
number of shares thereof issuable upon exercise of this Warrant shall
be appropriately adjusted and the Exercise Price per share under this
Warrant shall be proportionately reduced in case of a subdivision of
such Shares or proportionately increased in the case of a combination
of such shares, in both cases by the ratio which the total number of
such shares to be outstanding immediately after such event bears to
the total number of such shares outstanding immediately prior to such
event.  Any stock dividend with respect to the shares of Common Stock
or other securities purchasable hereunder, shall be treated in a
manner substantially the same as a stock split thereof.

        (b)     Cash Distribution.  No adjustments on account of cash
dividends or interest on the Company's Preferred Stock or Common Stock
or other securities purchasable hereunder will be made to the Exercise
Price.

        (c)     Rights Offering.  In the event that the Company
proposes to effect a pro rata rights offering to all its existing
shareholders, the holder of this Warrant shall be entitled to
participate in such rights offering.  For purposes of any such rights
offering, all shares of Common Stock covered by this Warrant shall be
deemed to have been issued and the Common Stock issuable upon such
exercise shall be deemed to be outstanding.

11.     Certain Notices.  In case:

        (a)     the Company shall take a record of the holders of its
capital stock for the purpose of entitling them to receive a dividend,
or any other distribution; or

        (b)     the Company shall take a record of the holders of its
capital stock for the purpose of entitling them to subscribe for or
purchase any shares of stock of any class or to receive any other
rights or options; or

        (c)     the Company commences proceedings for dissolution,
liquidation or winding up of the corporation then, and in any such
case, the Company shall cause to be mailed to the holder of record of
the Warrants at least thirty (30) days prior to the record date or the
date of the proposed action, a notice stating the date on which (x) a
record is to be taken for the purpose of such dividend, distribution,
subscription, purchase or receipt, or (y) such reclassification,
reorganization, consolidation, merger, conveyance, dissolution,
liquidation or winding up is to take place.

12.     Reservation of Shares.  The Company covenants that during the
period any purchase right under this Warrant is exercisable, it will
reserve from its authorized and unissued Common Stock a sufficient
number of shares thereof to provide for the issuance of shares of
Common Stock or other securities purchasable hereunder, upon the
exercise of any purchase rights under this Warrant.  The Company
further covenants that its issuance of shares of Common Stock pursuant
hereto shall constitute full authority to its officers who are charged
with the duty of executing stock certificates to execute and issue the
necessary certificates for shares of the Common Stock upon the
exercise of purchase rights under this Warrant.

13.     Miscellaneous.

        (a)     Binding Effect.  The provisions of this Warrant shall
be binding upon any successors or assigns of the Company and upon any
successors and permitted assigns of the holder hereof.  This Warrant
shall constitute a contract under, and shall be construed in
accordance with and governed by, the laws of the State of California.

        (b)     Restrictions.  The holder hereof acknowledges that the
issuance of this Warrant and the Shares acquired upon the exercise of
this Warrant shall have restrictions upon their resale imposed by
applicable state and federal securities laws.

THE SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, HAVE BEEN ACQUIRED FOR
INVESTMENT ONLY AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT OR AN EXEMPTION THEREFROM.

IN WITNESS WHEREOF, HYPERBARIC SYSTEMS has caused this Warrant to be
executed by its duly authorized officer.

Dated:   July 5, 2001

HYPERBARIC SYSTEMS

By: /s/ Harry Masuda
        ------------
        Harry Masuda
        President

NOTICE OF EXERCISE

HYPERBARIC SYSTEMS

The undersigned hereby irrevocably elects to exercise the right to
purchase shares of the Common Stock of HyperBaric Systems, as
represented by the Common Stock Purchase Warrant delivered herewith,
and requests that certificates for such shares be issued in the name
of:

(Please print name, address and social security number)

and, if said number of shares shall not be all the shares purchasable
thereunder, that a new Common Stock Purchase Warrant for the balance
remaining of the shares purchasable under the within Warrant be
registered in the name of the undersigned Warrant holder as below
indicated and delivered to the address stated below.

DATED: _________, 200_

Address:

Signature:

NOTE:  The above signature must correspond exactly with the name of
the Warrant holder as subscribed to the within Warrant in every
particular, without alteration or enlargement or any change
whatsoever.

FORM OF ASSIGNMENT

(To be signed only upon assignment of Warrant)

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfer
unto

(Name and address of assignee must be printed or typewritten)

the within Warrant, hereby irrevocably constituting and appointing
Attorney to transfer said Warrant on the books of the Company, with
full power of substitution in the premises.

DATED: _________, 200_

(Signature of Registered Owner)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]