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Exhibit 4.13
WAIVER AGREEMENT
WAIVER AGREEMENT ("Agreement"), dated as of February 22, 2005
between the
persons whose names appear on the signature pages hereof
(individually a
"Warrantholder" and collectively the "Warrantholders") and
Omrix
Biopharmaceuticals, Inc. (the "Company")
W I T N E S S E T H :
WHEREAS, Warrantholders are the record and beneficial owners of
certain
warrants to purchase common stock of the Company comprising
"Advisory Warrants"
and "Strategic Warrants" identified on Schedule A to this
Agreement
(collectively, the "Warrants") granting Warrantholders the right to
purchase
shares of the Company's Common Stock from the Company; and
WHEREAS, the Warrants provide for adjustment of the respective
Exercise
Prices upon certain issuances or sales of Common Stock for a
consideration per
share less than the Per Share Price set forth in the Warrants;
WHEREAS, the Company proposes to enter into a transaction (the
"Transaction") pursuant to which some holders of senior secured
convertible
promissory notes of the Company issued in September 2002 will
convert such
securities into Common Stock of the Company; and that the
conversion will occur
at the same conditions as the ones of the Recapitalization of the
Company of
January 2005;
WHEREAS, in connection with the Plan of Recapitalization, the
Company has
requested that Warrantholders waive certain adjustments
contemplated by the
Warrants and Warrantholders are willing to do so in accordance with
the terms
and conditions of this Agreement;
NOW,
THEREFORE, for good and valuable consideration, receipt ands
sufficiency of which are hereby acknowledged, the parties hereto
herby agree as
follows:
1.
Definitions. Capitalized terms used herein and not otherwise
defined are
used herein as defined in the Warrants.
2.
Waiver of the Anti-Dilution Adjustments: Warrantholders hereby
waive any
antidilution protection or other adjustment provided under the
Warrants
(including, but not limited to, Section 2 thereof and the related
definitions)
with regard to Common Stock and/or options, warrants, or other
Common Stock
purchase rights to be issued in the Transaction contemplated
thereby and
acknowledge that the waiver being granted pursuant to this
Agreement is in lieu
of any such antidilution protection or other adjustments. The
foregoing
notwithstanding, the waiver granted by this Agreement is granted
solely in
connection with the contempl
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