THE SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE
SECURITIES MAY NOT BE OFFERED, SOLD OR TRANSFERRED ABSENT SUCH REGISTRATION
OR AN EXEMPTION THEREFROM UNDER SAID ACT.
PLANET POLYMER TECHNOLOGIES, INC.
WARRANT TO PURCHASE UP TO A MAXIMUM OF
50,000 SHARES OF COMMON STOCK
In consideration of the sum of good and valuable consideration, the receipt of which is hereby acknowledged by
PLANET POLYMER TECHNOLOGIES, INC., a California corporation (the "Company"), LBC CAPITAL
(the "Holder"), is hereby granted the right to purchase, at any time from the date hereof until 5:00 P.M., Pacific
Standard Time, on March 30, 2004 (the "Expiration Date") up to all or any part of fifty thousand (50,000) fully
paid and non-assessable shares of the Company's common stock, without par value ("Common Stock").
1. EXERCISE OF WARRANT. This Warrant is exercisable at a price of $4.1250 per share of Common Stock
issuable hereunder (the "Exercise Price") payable in cash or by certified or official bank check. Upon surrender of
this Warrant together with a subscription form substantially in the form of Exhibit A hereto duly executed,
together with payment of the Exercise Price for the shares of Common Stock purchased, at the principal
executive offices of the Company, 9985 Businesspark Avenue, Suite A, San Diego, California, 92131, or at such
other office as the Company may designate by notice in writing, the Holder shall be entitled to receive, as
promptly as practicable after surrender of the Warrant, a certificate or certificates for the shares of Common
Stock so purchased. Upon exercise of this Warrant as set forth in the preceding sentence, the Holder shall be
deemed to be the holder of record of the shares of Common Stock issuable upon such exercise.
The purchase rights represented by this Warrant are exercisable at the option of the Holder hereof, in whole or in
part (but not as to fractional shar