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COMMON STOCK PURCHASE WARRANT

Warrant Agreement

COMMON STOCK PURCHASE WARRANT | Document Parties: RIGEL PHARMACEUTICALS INC | HCP BTC, LLC | HCP LIFE SCIENCE REIT, INC You are currently viewing:
This Warrant Agreement involves

RIGEL PHARMACEUTICALS INC | HCP BTC, LLC | HCP LIFE SCIENCE REIT, INC

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Title: COMMON STOCK PURCHASE WARRANT
Governing Law: California     Date: 5/5/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

COMMON STOCK PURCHASE WARRANT, Parties: rigel pharmaceuticals inc , hcp btc  llc , hcp life science reit  inc
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EXHIBIT 4.3

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE.  THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.  THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

 

COMMON STOCK PURCHASE WARRANT

 

Warrant No. CS-24

 

200,000 Shares

March 31, 2009

 

 

 

RIGEL PHARMACEUTICALS, INC.

 

WARRANT FOR THE PURCHASE OF SHARES OF COMMON STOCK

 

1.             Issuance .  For value received, this Warrant is issued to HCP LIFE SCIENCE REIT, INC ., a Maryland corporation, by RIGEL PHARMACEUTICALS, INC. , a Delaware corporation (hereinafter with its successors called the “Company” ) in partial consideration for that certain Amendment No. Four to Build-to-Suit Lease, dated as of the date hereof, between the Company and HCP BTC, LLC , as landlord (“ Amendment Four ”).

 

2.             Purchase Price; Number of Shares .  The registered holder of this Warrant (the “Holder” ), commencing on the date hereof, is entitled upon surrender of this Warrant with the subscription form annexed hereto duly executed, at the principal office of the Company, to purchase from the Company two hundred thousand (200,000) fully paid and nonassessable shares (the “ Shares ”) of common stock, $.001 par value per share, of the Company (the “Common Stock” ), at a price per share of $6.61 (the “Purchase Price” ).  Until such time as this Warrant is exercised in full or expires, the Purchase Price and the securities issuable upon exercise of this Warrant are subject to adjustment as hereinafter provided.  The person or persons under whose name or names any certificate representing shares of Common Stock is issued hereunder shall be deemed to have become the holder of record of the shares represented thereby as at the close of business on the date this Warrant is exercised with respect to such shares, whether or not the transfer books of the Company shall be closed.

 

3.             Payment of Purchase Price .  The Purchase Price may be paid (i) in cash or by check; (ii) by the surrender by the Holder to the Company of any promissory notes or other obligations issued by the Company, with all such notes and obligations so surrendered being credited against the Purchase Price in an amount equal to the principal amount thereof plus accrued interest to the date of surrender; or (iii) by any combination of the foregoing.

 

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4.              Net Issue Election.   The Holder may elect to receive, without the payment by the Holder of any additional consideration, shares of Common Stock equal to the value of this Warrant or any portion hereof by the surrender of this Warrant or such portion to the Company, with the net issue election notice annexed hereto duly executed, at the principal office of the Company.  Thereupon, the Company shall issue to the Holder such number of fully paid and nonassessable shares of Common Stock as is computed using the following formula:

 

 

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