FORM OF COMMON STOCK PURCHASE WARRANT MILESTONE SCIENTIFIC INC.Common Stock Purchase Warrant • December 16th, 2016 • Milestone Scientific Inc. • Orthopedic, prosthetic & surgical appliances & supplies • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”, and the term “Warrants” below refers to this Warrant and all other warrants to purchase Common Stock originally issued by the Company (as defined below) on the date hereof) certifies that, for value received, _____________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the three (3) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Milestone Scientific Inc., a Delaware corporation (the “Company”), up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
2,000,000 Shares of Common Stock and 1,500,000 Warrants MILESTONE SCIENTIFIC INC. UNDERWRITING AGREEMENTUnderwriting Agreement • December 16th, 2016 • Milestone Scientific Inc. • Orthopedic, prosthetic & surgical appliances & supplies • New York
Milestone Scientific Inc., a Delaware corporation (the “Company”), proposes, subject to the terms and conditions contained herein, (this “Agreement”), to sell to you and the other underwriters named on Schedule I to this Agreement (the “Underwriters”), for whom Maxim Group LLC (“Maxim”) is acting as Representative (the “Representative,” “you” or similar terminology), an aggregate of 2,000,000 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”) and 1,500,000 warrants (the “Warrants”) with the right to purchase one share of Common Stock at an exercise price of $2.55 per share (together, “Securities”). The respective numbers of Securities to be purchased by each of the several Underwriters are set forth opposite their names on Schedule I hereto. In addition, the Company proposes to grant to the Underwriters an option to purchase up to an additional 300,000 shares of Common Stock (the “Option Shares”) and/or up to an additional 225,000 Warrants (the “Optio
