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OMB Number: 3235-0145 |
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Expires: December 31, 2005
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
(Name of Issuer)
(Title of Class of Securities)
(CUSIP Number)
Sara Finigan
Coblentz, Patch, Duffy & Bass, LLP
One Ferry Building, Suite 200
San Francisco, California 94111
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. o
Note: Schedules filed in paper format shall include
a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for
other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for
a reporting persons initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange
Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained
in this form are not required to respond unless the form displays a currently valid OMB control number.
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1 |
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NAMES OF REPORTING PERSONS:
E-Health Holdings Limited ("E-Health") |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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SC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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British Virgin Islands
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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893,009 shares, except that the directors of E-Health, Nina T.H. Wang (Wang)
and Joseph W.K. Leung (Leung), may be deemed to have shared power to vote these shares. |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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See response to Row 7. |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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893,009 shares, except that Wang and Leung, directors of E-Health, may be deemed to have shared power to dispose of these shares. |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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See response to Row 9. |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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893,009 shares. |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
E-Health holds warrants to purchase 5,554 shares of Common Stock of the Issuer.
The warrants are not exercisable within sixty (60) days of this filing.
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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9.18% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IV, OO |
2
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1 |
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NAMES OF REPORTING PERSONS:
Nina T.H. Wang ("Wang") |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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SC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Hong Kong China SAR
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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893,009 shares, which are directly owned by E-Health. Wang is a director of E-Health, and may be deemed to have shared power to vote these shares. |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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893,009 shares, which are directly owned by E-Health. Wang
is a director of E-Health, and may be deemed to have shared power to dispose of these shares. |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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893,009 shares. |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
E-Health holds warrants to purchase 5,554 shares of Common Stock of the Issuer.
Wang is a director of E-Health, and may be deemed to have power to exercise
these warrants. The warrants are not exercisable within sixty (60) days of this filing.
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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9.18% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IN |
3
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1 |
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NAMES OF REPORTING PERSONS:
Joseph W.K. Leung ("Leung") |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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SC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Hong Kong China SAR
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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893,009 shares, which are directly owned by E-Health. Leung is a director of E-Health, and may be deemed to have shared power to vote these shares. |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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893,009 shares, which are directly owned by E-Health. Leung is a
director of E-Health, and may be deemed to have shared power to dispose of these shares. |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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893,009 shares. |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
E-Health holds warrants to purchase 5,554 shares of Common Stock of the Issuer. Leung is a
director of E-Health, and may be deemed to have power to exercise these warrants.
The warrants are not exercisable within sixty (60) days of this filing.
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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9.18% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IN |
4
With respect to each contract, agreement, or other document referred to herein and filed with the
Securities and Exchange Commission as an exhibit to this report, reference is made to the exhibit
for a more complete description of the matter involved, and such statement shall be deemed
qualified in its entirety by such reference.
ITEM 1. SECURITY AND ISSUER
This Statement relates to the common stock, $0.01 par value (the Common Stock) of Alpha Innotech
Corp. (the Issuer), whose principal executive offices are located at 2401 Merced Street, San
Leandro, California 94577.
ITEM 2. IDENTITY AND BACKGROUND
(a) This Statement is being filed by E-Health Holdings Limited, a British Virgin Islands
investment holding company (E-Health), Nina T.H. Wang, an individual (Wang) and Joseph W.K.
Leung (Leung) with respect to certain shares of Common Stock and warrants to purchase Common
Stock of the Issuer as follows. E-Health, Wang and Leung are each sometimes referred to as a
Reporting Person and collectively, referred to as the Reporting Persons. The principal business of
E-Health is holding investments in private U.S. companies.
(b) The principal business address of each Reporting Person is Top Floor, Chinachem Golden
Plaza, 77 Mody Road, Tsimshatsui East, Kowloon, Hong Kong.
(c) E-Health is a British Virgin Islands investment holding company organized for the purpose
of holding investments of U.S. private companies. Wang and Leung are directors of E-Health.
(d) No Reporting Person has, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) No Reporting Person was, during the last five years, a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of such proceeding was or
is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities law or finding any violation with
respect to such laws.
(f) E-Health is a British Virgin Islands company. Wang and Leung are citizens of Hong Kong.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
E-Health received shares of Common Stock of the Issuer in exchange for its securities of Alpha
Innotech Corporation, a California corporation (Oldco) pursuant to a merger whereby a
wholly-owned subsidiary of Xtrana, Inc., AIC Merger Corp. (Mergerco) was merged with and into
Oldco, with Oldco continuing as the surviving entity and a wholly-owned subsidiary of the Issuer.
(In connection with the completion of the merger, Xtrana, Inc. changed its name to Alpha Innotech
Corp.) The Agreement and Plan of Merger (the Merger Agreement) dated as of December 14, 2004,
by and among the Issuer, Oldco and Mergerco is hereby incorporated by reference to the Issuers
Current Report Form 8-K filed on December 17, 2004. Amendment No. 1 to the Merger Agreement is
hereby incorporated by reference to the Issuers Current Report Form 8-K filed on April 12, 2005.
Amendment No. 2 to the Merger Agreement is hereby incorporated by reference to the Issuers Current
Report Form 8-K filed on July 11, 2005. Amendment No. 3 to the Merger Agreement is hereby
incorporated by reference to the Issuers Current Report Form 8-K filed on August 26, 2005.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons have acquired these shares of Common Stock pursuant to the merger with
Mergerco as described in Item 3 above. In connection with the merger there were changes to the
Issuers board of directors and to the Issuers charter, each as more fully described in the Merger
Agreement and Amendments No. 1-3, each as attached hereto and incorporated by reference in its
entirety. Notwithstanding the foregoing, none of the Reporting Persons has plans or proposals
which would result in (a) the acquisition by any person of additional securities of the Issuer, or
the disposition of securities of the Issuer; (b) an extraordinary corporate transaction such as a
merger, reorganization or liquidation involving the Issuer or any of its subsidiaries; (c) the sale
or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change
in the present board of directors or management of the Issuer; (e) any material change in the
present capitalization or dividend policy of the issuer; (f) any other material change in the
Issuers business or corporate structure; (g) changes to the Issuers charter, bylaws or
instruments corresponding thereto or other actions which may impede the acquisition or control of
the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; (i) a class of equity securities of the
Issuer becoming eligible for termination of registration pursuant to Section 12(g) of the Act; or
(j) any action similar to any of those enumerated above.
5
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of October 4, 2005, the Reporting Persons are the beneficial owners of 893,009 shares
of Common Stock of the Issuer, constituting approximately 9.18% of the shares of Common Stock
outstanding. Please refer to the responses to Item 7, Item 8, Item 9 and Item 10 of the cover
sheet with respect to each Reporting Person; such responses are incorporated herein by reference in
their entirety.
(b) E-Health is the direct owner of 893,009 shares of Common Stock of the Issuer, except that
Wang and Leung, the directors of E-Health, may be deemed to have shared power to vote these shares.
Please see the responses to Item 7 and Item 8 of the cover sheet with respect to sole and shared
power to dispose of and/or vote the Common Stock; such responses are incorporated herein by
reference in their entirety.
(c) No Reporting Person has effected any transaction in the Issuers Common Stock in the last
sixty (60) days.
(d) No other person is known to have the right to receive or the power to direct the receipt
of dividends from or the proceeds from the sale of such shares of Common Stock beneficially owned
by the Reporting Persons.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER
E-Health is a party to that certain Warrant to Purchase a Maximum of 48,593 Shares of Common
Stock of Alpha Innotech Corporation which is attached as an exhibit hereto and which is
incorporated by reference in its entirety herein. The description of such agreement with respect
to the Common Stock set forth in this Item 6 is qualified in its entirety by the attached exhibit
and is hereby incorporated by reference in its entirety in response to this Item 6. These warrants
are not exercisable within sixty (60) days of the date of this filing.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Agreement and Plan of Merger dated as of December 14, 2004, by and among the Issuer, Xtrana
and Mergerco (incorporated by reference to the Issuers Current Report Form 8-K filed on December
17, 2004).
2. Amendment No. 1 to the Merger Agreement by and among the Issuer, Xtrana and Mergerco
(incorporated by reference to the Issuers Current Report Form 8-K filed on April 12, 2005).
3. Amendment No. 2 to the Merger Agreement by and among the Issuer, Xtrana and Mergerco
(incorporated by reference to the Issuers Current Report Form 8-K filed on July 11, 2005).
4. Amendment No. 3 to the Merger Agreement by and among the Issuer, Xtrana and Mergerco
(incorporated by reference to the Issuers Current Report Form 8-K filed on August 26, 2005).
5. Warrant to Purchase a Maximum of 48,593 Shares of Common Stock of Alpha Innotech Corporation dated as of
December 17, 2002 by and between the Issuer and E-Health.
6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
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December 23, 2005
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Date |
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E-Health Holdings Limited |
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By: Nina T.H. Wang, Director |
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/s/ Nina T.H. Wang |
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Nina T.H. Wang |
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/s/ Nina T.H. Wang |
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Nina T.H. Wang |
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/s/ Joseph W.K. Leung |
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Joseph W.K. Leung |
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 100)
7
Warrant to Purchase a Maximum of
48,593 Shares of Common Stock of
Alpha Innotech Corporation
(Void after December 17, 2007)
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY
NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT
IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.
THIS WARRANT AND THE SHARES PURCHASABLE HEREUNDER ARE SUBJECT TO RESTRICTIONS ON TRANSFER AS SET
FORTH HEREIN.
This
certifies that E-Health Holdings Limited (the
Holder), or assigns, for value received,
is entitled to purchase from Alpha Innotech Corporation., a
California corporation (the Company),
subject to the terms set forth below, a maximum of 48,593 fully paid and nonassessable shares
(subject to adjustment as provided herein) of the Companys
Common Stock (the Warrant Shares) for
cash at a price of $0.01 per share (the Exercise
Price) (subject to adjustment as provided
herein) at any time or from time to time up to and including 5:00 p.m. (Eastern Time) on the
earliest of (i) the closing of the initial underwritten public offering of the Companys common
stock (the Common Stock), pursuant to a registration statement under the Securities Act of 1933,
as amended (the Act), (ii) a sale or exchange of all or substantially all of the assets of the
Company (other than a sale or exchange to a subsidiary corporation of the Company or a sale or
exchange effected for the purpose of reincorporating the Company in another jurisdiction) or the
merger or consolidation of the Company with or into another entity in which the stockholders of the
Company immediately prior to such transaction shall own, as a result of shares in the Company held
by such stockholders immediately prior to such transaction, less than a majority of the voting
securities or power of the surviving entity immediately subsequent to such transaction (other than
a merger or consolidation effected for the purpose of reincorporating the Company in another
jurisdiction), or (iii) December 17, 2007, such earlier day being referred to herein as the
Expiration Date upon surrender to the Company at its principal office (or at such other location
as the Company may advise the Holder in writing) of this Warrant properly endorsed with the Form of
Subscription attached hereto duly filled in and signed and upon payment in cash or by check of the
aggregate Exercise Price for the number of shares for which this Warrant is being exercised
determined in accordance with the provisions hereof. The Exercise Price is subject to adjustment as
provided in Section 3 of this Warrant. This Warrant is issued subject to the following terms and
conditions:
1. Exercise,
Issuance of Certificates, Number of Warrant Shares.
1.1
General. This Warrant is exercisable at the option of the Holder of record hereof
on or prior to the Expiration Date, at any time or from time to time following its issuance, for
all or any part of the Warrant Shares (but not for a fraction of a share) which may be purchased
hereunder, as that number may be adjusted pursuant to Section 3 of this Warrant. The Company agrees
that the Warrant Shares purchased under this Warrant shall be and are deemed to be issued to the
Holder hereof as the record owner of such Warrant Shares as of the close of business on the date on
which this Warrant shall have been surrendered, properly endorsed, the completed and executed Form
of Subscription delivered, and payment made for such Warrant Shares. Certificates for the Warrant
Shares so purchased, together with any other securities or property to which the Holder hereof is
entitled upon such exercise, shall be delivered to the Holder hereof by the Company at the
Companys expense as soon as practicable after the rights represented by this Warrant have been so
exercised. In case of a purchase of less than all the Warrant Shares which may be purchased under
this Warrant, the Company shall cancel this Warrant and execute and deliver to the Holder hereof
within a reasonable time a new Warrant or Warrants of like tenor for the balance of the Warrant
Shares purchasable under the Warrant surrendered upon such purchase. Each stock certificate so
delivered shall be registered in the name of such Holder.
1.2
Net Issue Exercise of Warrant. Notwithstanding any provisions herein to the contrary,
if the fair market value of one share of Common Stock is greater than the Exercise Price (at the
date of calculation as set forth below), in lieu of exercising this Warrant for cash, Holder may
elect to receive shares of Common Stock equal to the value (as determined below) of this Warrant
(or the portion thereof being canceled) by surrender of this Warrant at the principal office of the
Company together with the properly endorsed Form of Subscription in which event the Company shall
issue to the Holder a number of shares of Common Stock computed using the following formula:
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X=
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Y (A-B) |
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A |
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Where
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X=
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the number of shares of Common Stock to be issued to Holder; |
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Y=
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the number of shares of Common Stock purchasable under the
Warrant or, if only a portion of the Warrant is being exercised, the
portion of the Warrant being canceled (at the date of such
calculation); |
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A=
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the fair market value of one share of
the Companys Common Stock (at the date of such calculation); and |
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B=
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Exercise Price (as adjusted to the date of such calculation). |
For purposes of the above calculation, the fair market value of one share of Common Stock shall be
determined by the Companys Board of Directors in the good faith exercise of its reasonable
2
business judgment; provided, however, that if at the time of such exercise the Companys Common
Stock is listed on any established stock exchange or a national market system, the fair market
value per share shall be the average of the closing bid and asked prices of the Common Stock quoted
in the over-the-counter market summary or the last reported sale price of the Common Stock or the
closing price quoted on the NASDAQ National Market System or on any exchange on which the Common
Stock is listed, whichever is applicable, as published in The Wall Street Journal for the five
trading days prior to the date of determination of fair market value. Notwithstanding the
foregoing, in the event the Warrant is exercised in connection with the Companys initial public
offering of Common Stock, the fair market value per share shall be the per share offering price to
the public of the Companys initial public offering,
2. Shares
to be Fully Paid; Reservation of Shares. The Company covenants and
agrees that all Warrant Shares, will, upon issuance and, if applicable, payment of the
applicable
Exercise Price, be duly authorized, validly issued, fully paid and nonassessable, and free of
all
preemptive rights, liens and encumbrances, except for restrictions on transfer provided for
herein
or under applicable federal and state securities laws. The Company shall at all times reserve
and
keep available out of its authorized and unissued Common Stock, solely for the purpose of
providing for the exercise of the rights to purchase all Warrant Shares granted pursuant to
this
Warrant, such number of shares of Common Stock as shall, from time to time, be sufficient
therefor.
3. Adjustment
of Exercise Price and Number of Shares. The Exercise Price and
the total number of Warrant Shares shall be subject to adjustment from time to time upon the
occurrence of certain events described in this Section 3. Upon each adjustment of the Exercise
Price, the Holder of this Warrant shall thereafter be entitled to purchase, at the Exercise
Price
resulting from such adjustment, the number of shares obtained by multiplying the Exercise
Price
in effect immediately prior to such adjustment by the number of shares purchasable pursuant
hereto immediately prior to such adjustment, and dividing the product thereof by the Exercise
Price resulting from such adjustment
3.1
Subdivision or Combination of Stock. In the event the outstanding shares
of the Companys Common Stock shall be increased by a stock dividend payable in Common
Stock, stock split, subdivision, or other similar transaction occurring after the date hereof
into a
greater number of shares of Common Stock, the Exercise Price in effect immediately prior to
such subdivision shall be proportionately reduced and the number of Warrant Shares issuable
hereunder proportionately increased. Conversely, in the event the outstanding shares of the
Companys Common Stock shall be decreased by reverse stock split, combination, consolidation,
or other similar transaction occurring after the date hereof into a lesser number of shares of
Common Stock, the Exercise Price in effect immediately prior to such combination shall be
proportionately increased and the number of Warrant Shares issuable hereunder proportionately
decreased.
3.2
Reclassification. If any reclassification of the capital stock of the
Company or any reorganization, consolidation, merger, or any sale, lease, license, exchange or
other transfer (in one transaction or a series of related transactions) of all or
substantially all, of
the business and/or assets of the Company (the
Reclassification Events) shall be effected in
3
such a way that holders of Common Stock shall be entitled to receive stock, securities, or
other assets or property, then, as a condition of such Reclassification Event lawful and adequate
provisions shall be made whereby the Holder hereof shall thereafter have the right to purchase and
receive (in lieu of the shares of Common Stock of the Company immediately theretofore purchasable
and receivable upon the exercise of the rights represented hereby) such shares of stock,
securities, or other assets or property as may be issued or payable with respect to or in exchange
for a number of outstanding shares of such Common Stock equal to the number of shares of such stock
immediately theretofore purchasable and receivable upon the exercise of the rights represented
hereby. In any Reclassification Event, appropriate provision shall be made with respect to the
rights and interests of the Holder of this Warrant to the end that the provisions hereof
(including, without limitation, provisions for adjustments of the Exercise Price and of the number
of Warrant Shares), shall thereafter be applicable, as nearly as may be, in relation to any shares
of stock, securities, or assets thereafter deliverable upon the exercise hereof
3.3
Notice of Adjustment. Upon any adjustment of the Exercise Price or any increase or
decrease in the number of Warrant Shares, the Company shall give written notice thereof, by first
class mail postage prepaid, addressed to the registered Holder of this Warrant at the address of
such Holder as shown on the books of the Company. The notice shall be prepared and signed by the
Companys Chief Financial Officer and shall state the Exercise Price resulting from such adjustment
and the increase or decrease, if any, in the number of shares purchasable at such price upon the
exercise of this Warrant, setting forth in reasonable detail the method of calculation and the
facts upon which such calculation is based.
4. No
Voting or Dividend Rights. Nothing contained in this Warrant shall be
construed as conferring upon the holder hereof the right to vote or to consent to receive
notice as
a shareholder of the Company on any other matters or any rights whatsoever as a shareholder of
the Company. No dividends or interest shall be payable or accrued in respect of this Warrant
or
the interest represented hereby or the shares purchasable hereunder until, and only to the
extent
that, this Warrant shall have been exercised.
5. Compliance with Securities Act: Transferability of Warrant, Disposition of
Shares of Common Stock.
5.1
Compliance with Securities Act. The Holder of this Warrant, by acceptance hereof,
agrees that this Warrant and the Warrant Shares to be issued upon exercise hereof are being
acquired for investment and that it will not offer, sell, or otherwise dispose of this Warrant or
any Warrant Shares except under circumstances which will not result in a violation of the Act or
any applicable state securities laws. This Warrant and all Warrant Shares (unless registered under
the Act) shall be stamped or imprinted with a legend in substantially the following form:
THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE ACT). ANY TRANSFER OF SUCH SECURITIES
SHALL BE INVALID UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS
TO SUCH TRANSFER OR, IN
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THE OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY, SUCH REGISTRATION IS
UNNECESSARY FOR SUCH TRANSFER TO COMPLY WITH THE ACT.
5.2
Access to Information; Pre-Existing Relationship. Holder has had the
opportunity to ask questions of, and to receive answers from, appropriate executive officers
of
the Company with respect to the terms and conditions of the transactions contemplated hereby
and with respect to the business, affairs, financial condition and results of operations of
the
Company. Holder has had access to such financial and other information as is necessary in
order
for Holder to make a fully informed decision as to investment in the Company, and has had the
opportunity to obtain any additional information necessary to verify any of such information
to
which Holder has had access. Holder further represents and warrants that the Holder has either
(i) a pre-existing relationship with the Company or one or more of its officers or directors
consisting of personal or business contacts of a nature and duration which enable the Holder
to
be aware of the character, business acumen and general business and financial circumstances of
the Company or the officer or director with whom such relationship exists or (ii) such
business or
financial expertise as to be able to protect the Holders own interests in connection with the
purchase of the Shares.
5.3
Warrant Transferable. Subject to compliance with applicable federal and
state securities laws under which this Warrant was purchased, this Warrant and all rights
hereunder are transferable, in whole or in part, without charge to the Holder (except for
transfer
taxes), upon surrender of this Warrant properly endorsed; provided, however, that the Holder
shall notify the Company in writing in advance of any proposed transfer and shall not transfer
this Warrant or any rights hereunder to any person or entity which is then engaged in a
business
that in the reasonable judgment of the Company is in direct competition with the Company.
5.4
Disposition of Warrant Shares and Common Stock. With respect to any
offer, sale, or other disposition of the Warrant or any Warrant Shares, the Holder hereof and
each
subsequent Holder of this Warrant agrees to give written notice to the Company prior thereto,
describing briefly the manner thereof, together with a written opinion of such holders counsel, if
reasonably requested by the Company, to the effect that such offer, sale or other disposition may
be effected without registration or qualification (under the Act as then in effect or any federal
or state law then in effect) of such Warrant or Warrant Shares, as the case may be, and indicating
whether or not under the Act certificates for such Warrant or Warrant Shares to be sold or
otherwise disposed of require any restrictive legend as to applicable restrictions on
transferability in order to insure compliance with the Act. Promptly upon receiving such written
notice and opinion, the Company, as promptly as practicable, shall notify such Holder that such
Holder may sell or otherwise dispose of such Warrant or Warrant Shares, all in accordance with the
terms of the notice delivered to the Company. If a determination has been made pursuant to this
subparagraph 5.4 that the opinion of the counsel for the Holder is not reasonably satisfactory to
the Company, the Company shall so notify the Holder promptly after such determination has been
made. Notwithstanding the foregoing, such Warrant or Warrant Shares may be offered, sold or
otherwise disposed of in accordance with Rule 144 under the Act, provided that the Company shall
have been furnished with such information as the Company may request to provide reasonable
assurance that the provisions of Rule 144 have been satisfied.
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Notwithstanding the foregoing, if the Holder is a partnership, it may transfer the Warrant or
Warrant Shares to its constituent partners or a retired partner of such partnership who retires
after the date hereof, or to the estate of any such partner or retired partner or transfer by gift,
will, or intestate succession to any of such partners spouse or lineal descendants or ancestors
without the necessity of written notice to the Company prior thereto or opinion of counsel if the
transferee agrees in writing to be subject to the terms of this Section 5.4 to the same extent as
if such transferee were the original Holder hereof. Each certificate representing the Warrant or
Warrant Shares thus transferred (except a transfer pursuant to Rule 144) shall bear a legend as to
the applicable restrictions on transferability in order to insure compliance with the Act, unless
in the aforesaid opinion of counsel for the Holder, such legend is not required in order to insure
compliance with the Act. The Company may issue stop transfer instructions to its transfer agent in
connection with such restrictions.
5.5
Market Standoff. The Holder agrees that if so requested by the Company
or any representative of the underwriters in connection with registration of the initial public
offering of any securities of the Company under the Act, the Holder shall not sell or otherwise
transfer any Warrant Shares or other securities of the Company during the 180 day period following
the effective date of such registration statement. The Company may impose stop transfer
instructions with respect to securities subject to the foregoing restrictions until the end of such
180 day period.
5.6
Registrable Securities. Upon exercise of this Warrant the Warrant Shares
shall, on the terms set forth therein, be Registrable Securities under that certain Investor
Rights
Agreement dated as of May 11, 2001, (the
Agreement) to which the Company and its Series A
Preferred Stock Investors are parties and the Holder of this Warrant shall be entitled to
exercise
the registration rights granted under the Agreement. By its receipt of this Warrant, Holder
agrees
to be bound by the terms and restrictions of the Agreement,
6. Modification
and Waiver. This Warrant and any provision hereof may be changed,
waived, discharged, or terminated only by an instrument in writing signed by the party against
which enforcement of the same is sought.
7. Notices.
Any notice, request, or other document required or permitted to be given
or delivered to the Holder hereof or the Company shall be delivered by hand or messenger or shall
be sent by certified mail, postage prepaid, or by overnight courier to each such Holder at its
address as shown on the books of the Company or to the Company at the address indicated therefor in
the first paragraph of this Warrant or such other address as either may from time to time provide
to the other. Each such notice or other communication shall be treated as effective or having been
given (i) when delivered if delivered personally, (ii) if sent by registered or certified mail, at
the earlier of its receipt or three business days after the same has been registered or certified
as aforesaid, or (iii) if sent by overnight courier, on the next business day after the same has
been deposited with a nationally recognized courier service.
8. Other
Notices. If at any time:
(1) the Company shall declare any cash dividend upon its Common Stock;
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(2) the Company shall declare any dividend upon its Common Stock payable
in stock or make any special dividend or other distribution to the holders of its Common
Stock;
(3) the Company shall offer for subscription pro rata to the holders of its
Common Stock any additional shares of stock of any class or other rights;
(4) there shall be any capital reorganization or reclassification of the capital
stock of the Company, or consolidation or merger of the Company with, or sale of all or
substantially all of its assets to, another corporation;
(5) there shall be a voluntary or involuntary dissolution, liquidation, or
winding-up of the Company; or
(6) there shall be an initial public offering of Company securities;
then, in any one or more of said cases, the Company shall give, by first class mail, postage
prepaid, addressed to the Holder of this Warrant at the address of such Holder as shown on the
books of the Company, (a) at least 10 days prior written notice of the date on which the books of
the Company shall close or a record shall be taken for such dividend, distribution, or subscription
rights or for determining rights to vote in respect of any such reorganization, reclassification,
consolidation, merger, sale, dissolution, liquidation, or winding-up, and (b) in the case of any
such reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation,
winding-up, or public offering, at least 10 days prior written notice of the date when the same
shall take place; provided, however, that the Holder shall make a best efforts attempt to respond
to such notice as early as possible after the receipt thereof. Any notice given in accordance with
the foregoing clause (a) shall also specify, in the case of any such dividend, distribution, or
subscription rights, the date on which the holders of Common Stock shall be entitled thereto. Any
notice given in accordance with the foregoing clause (b) shall also specify the date on which the
holders of Common Stock shall be entitled to exchange their Common Stock for securities or other
property deliverable upon such reorganization, reclassification, consolidation, merger, sale,
dissolution, liquidation, winding-up, conversion, or public offering, as the case may be.
9. Governing
Law. This Warrant shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the laws of the State of
California.
10. Lost
or Stolen Warrant. Upon receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any
such
loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the
Company, or
in the case of any such mutilation, upon surrender and cancellation of such Warrant, the
Company, at its expense, will make and deliver a new Warrant, of like tenor, in lieu of the
lost,
stolen, destroyed or mutilated Warrant.
11. Fractional
Shares. No fractional shares shall be issued upon exercise of this
Warrant. The Company shall, in lieu of issuing any fractional share, pay the Holder entitled
to
such fraction a sum in cash equal to such fraction (calculated to the nearest 1/100th of a
share)
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multiplied by the then effective Exercise Price on the date the Form of Subscription is received by
the Company.
12. No
Impairment. The Company will not, by charter amendment or by
reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of
securities, or
any other voluntary action, avoid or seek to avoid the observance or performance of any terms
of
this Warrant, but will at all times in good faith assist in the carrying out of all such terms
and in
the taking of all such action as may be necessary or appropriate in order to protect the
rights of
the Holder against impairment. Upon the request of the Holder, the Company will at any time
during the period this Warrant is outstanding acknowledge in writing, in form satisfactory to
Holder, the continued validity of this Warrant and the Companys obligations hereunder.
13. Successors
and Assigns. This Warrant and the rights evidenced hereby shall
inure to the benefit of and be binding upon the successors of the Company and the Holder. The
provisions of this Warrant are intended to be for the benefit of all Holders from time to time of
this Warrant, and shall be enforceable by any such Holder.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its
officer, thereunto duly authorized as of this 17th day of December 2002.
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ALPHA INNOTECH CORPORATION |
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a California corporation |
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By:
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/s/ Haseeb Chaudhry |
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Name:
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Haseeb Chaudhry |
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Title:
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CEO |
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FORM OF SUBSCRIPTION
(To be signed only upon exercise of Warrant)
To: Alpha Innotech Corporation
[Please mark one box]
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The undersigned, the holder of the attached Common Stock Warrant, hereby irrevocably
elects to exercise the purchase right represented by such Warrant for, and to purchase
thereunder, (1) shares of Common Stock of Alpha Innotech Corporation
(the Company) and herewith makes payment of
$ therefor. |
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The undersigned, the holder of the attached Common Stock Warrant, hereby irrevocably
elects to exercise the purchase right represented by such Warrant for, and to purchase
thereunder,
(1) shares of Common Stock of the Company and herewith
elects to pay for such shares by reducing the number of shares issuable thereunder in
accordance with Section 1.2 thereof. The undersigned hereby authorizes the Company to make
the required calculation under Section 1.2 of the Warrant. |
The undersigned represents that it is acquiring such Common Stock for its own account for
investment and not with a view to or for sale in connection with any
distribution thereof. The
undersigned further represents and confirms that the representations and warranties of the Holder
set forth in Section 5.2 of the attached Common Stock Warrant are true and correct as of the date
hereof. The undersigned requests that certificates for such shares be issued in the name of, and
DATED:
(Signature must conform in all respects to name of
Holder as specified on the face of the Warrant)
(1) Insert here the number of shares called for on the face of the Warrant (or, in the case of
a partial exercise, the portion thereof as to which the Warrant is being exercised), in either case
without making any adjustment for any stock or other securities or property or cash which, pursuant
to the adjustment provisions of the Warrant, may be deliverable upon
exercise.