Minnesota Warrant Agreement is a legally binding document that outlines the terms and conditions of the agreement between A.L. Pharma, Inc. and The First National Bank of Boston. This agreement grants certain rights and obligations to both parties involved in regard to warrants issued by A.L. Pharma, Inc. to The First National Bank of Boston. The agreement defines the scope of the warrants and their exercise, as well as the terms of conversion into common stock or cash. It lays out the conditions under which the warrants can be exercised, such as a specific period, price, or trigger event. The agreement also specifies any limitations on the exercise of warrants, including restrictions on transferability. There are different types of Minnesota Warrant Agreement between A.L. Pharma, Inc. and The First National Bank of Boston, including: 1. Standard Warrant Agreement: This type of agreement outlines the basic terms and conditions for exercising warrants issued by A.L. Pharma, Inc. to The First National Bank of Boston. It typically includes provisions related to exercise price, expiration date, and procedures for exercise. 2. Series Warrant Agreement: If warrants are issued in multiple series or tranches, a series warrant agreement may be used. This agreement specifies the terms and conditions specifically applicable to each series, such as different exercise prices or expiration dates. 3. Anti-Dilution Warrant Agreement: In cases where A.L. Pharma, Inc. undergoes a dilute event, such as a stock split or issuance of additional shares, an anti-dilution warrant agreement may come into effect. This agreement adjusts the exercise price or the number of shares that can be acquired upon exercise to protect the interests of The First National Bank of Boston. 4. Put Warrant Agreement: This type of agreement provides The First National Bank of Boston with the right to put, or sell, the warrants back to A.L. Pharma, Inc. under certain specified conditions, such as a change of control or significant adverse event. In summary, the Minnesota Warrant Agreement between A.L. Pharma, Inc. and The First National Bank of Boston is a comprehensive document that governs the terms and conditions related to warrants issued by A.L. Pharma, Inc. It ensures clarity and protection for both parties involved, allowing for the exercise, conversion, and potential transfer of these warrants in accordance with the agreement's provisions.