Draft
10/17/03
THIS
WARRANT
AND
ANY
SEC
URITIES
ACQUIRED
UPON
EXERCISE
OF
T1--HS
WARRA
'T
HAV
ENOTBEEREGIST
ER
ED
UND
ER
THE
SECURJ
TI
ES
ACT
OF1933,AS
AMENDED
(n-
IE"SE
CURITIES
ACT"),
OR
THESE
CURITIES
LAWS
OFANYSTATE
.NEITHER
THIS
WARRANT,
SCH
SECURITIESNOR
ANYINT
EREST
THEREIN
MAYB
E
TRANSFERR
EDEXC
EPTPUR
SU
ANT
TOAN
EFFECTIVE
REGISTRATIONSTATEM
EIT
UNDER
THE
SEC
URITfES
AC
T
ANDAPPLICA
BLE
STATE
SECURITIES
LAWS
OR
PURSU
ANTTO
AN
APPLICABL
EE
XE
MPTION
FROM
TH
ER.EGISTRA
TION
R
EQUIREMENTSOF
THESE
CURJTJES
ACT
AND
SUCH
STATE
SECURITIES
LAWS.
EVIDENTTECHNOLOGI
ES,INC.
[FORMOF
WAR
RATTO
PURCHASESHARES
OF
COMMONSTOCK]
This
warrant(this
"Warrant")
certifies
that,for
goodand
v
aluableconsideration.Evident
Te
chnologie
s,Inc.,a
Delaware
corporation
(the
"Company"),
granrstoNiskayuna
DevelopmentLLC
oritspermitted
assigns(the
"Warrantholder"),
the
rightto
subscri
befor
andpurchase
from
the
Company,
at
any
timedurin
g
the
ExercisePeriod(as
defined
herein),upto85,423
shares
of
Common
Stock
(the
"Warrant
Shares
'),at
the
exer
cise
priceper
share
of$4.80
(the
"ExercisePrice"),
all
subject
to
theterms
,
conditionsandadju
stments
herein
set
forth.
Thenumber
of
WarrantShares
issubjectto
adjustment
as
provided
in
Article
III.
This
Warrant
is
being
issued
against
delivery
of
tile
Warrantholder
's
payment
tothe
Company
of
the
$10,000purchaseprice
of
thisWarranl.
I.
DEFINITIONS
1.1.
Definitions.
Asusedherein,
unlessthecontextotherwiserequire
s,thefollowing
terms
havethe
following
respcctiv
L
meanings
:
"A
ffiliate"
wi
threspectto
any
Person,
shallmeanany
other
Person
thatdirectlyorindirectly,
controls,
is
controlled
by,orisunder
common
control
with,
such
Person.
"BusinessDay"
means
anydayother
UlanaSaturday,
Sunday
or
a
day
on
which
nationalbanks
areauthorized
by
law
tocloseillthe
State
of
New
York.
"Closing
Price"
of
a
share
of
Common
St
ock
f
or
any
day
shall
mean
thelast
reported
salesprice,
regular
way,
or,inthe
event
thatno
sale
takes
pla
ce
onsuch
day
,the
average
of
thereportedclosingbid
and
asked
prices,regularway,in
either
case
asreportedontheprincipalnational
securit
iesexchangeon
which
such
Co
mmon
Stock
islisted
or
admitted
to
trading
or,if
not
listed
or
admitted
to
trading
on
any
nationalecurities
exchan
ge,onthe
Nasdaq
National
Markel
Sy
stem
or
the
Na
sdaqSmallCapMarket
or.
if
suc
hsecurityis
notquoted
on
the
Na
sdaqNationalMarket
Systemor
the
N
asdaq
SmallCapMarket.theav
er
ageofthe
closing
bidand
asked
priceson
each
such
day
inthe
over
th
e-counter
marketasr
epo
rted
by
Nasdaqor,ifbidand
askedprices
forsuch
security
on
each
such
day
shallnothavebeenr
eported
byNa
sda
q,the
avera
ge
of
thebidandaskedpricesforsuch
cl
ayasfurnished
by
any
re
putable
inve
stm
ent
banking
tim)
regularly
making
a
mark
etinsuch
security
selectedfor
suchpurpose
by
theBoard
of
Directors
of
the
Company
ora
committe
ethereof.I
f
the
Closin
gPrice
cannotbe
calculated
on
suchdate
onany
of
the
foregoingbases,
the
ClosingPrice
of
suchsecurity
0
11
suchdateshallbe
the
fair
marketvalue
as
reasonablydetermin
edbyanIndepe
ndent
Financial
Expert
selectedforsuch
purp
oseby
theBoard
of
Directors
of
the
Company
oracommitteethereof.
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