FORM OF WARRANT
neither this warrant nor the shares of Common Stock issuable upon exercise hereof have been registered under
the securities act of 1933, as amended, or any applicable state securities law and neither may be sold or
otherwise transferred until (i) a registration statement under such securities act and such applicable state securities
laws shall have become effective with regard thereto, or (ii) the company shall have received a written opinion of
counsel acceptable to the company to the effect that registration under such securities act and such applicable
state securities laws is not required in connection with such proposed transfer.
MOLECULAR DIAGNOSTICS, INC.
COMMON STOCK PURCHASE WARRANT
Warrant ________ shares
Original Issue Date: _____________, 2004
THIS CERTIFIES THAT, FOR VALUE RECEIVED, _______________ or its registered assigns
("HOLDER") is entitled to purchase, on the terms and conditions hereinafter set forth, at any time or from time to
time from the date hereof until 5:00 p.m., Eastern Time, on fifth anniversary of the Original Issue Date set forth
above, or if such date is not a day on which the Company (as hereinafter defined) is open for business, then the
next succeeding day on which the Company is open for business (such date is the "EXPIRATION DATE"), but
not thereafter, to purchase up to ____________ (______) shares of the Common Stock, $.001 par value (the
"COMMON Stock"), of Molecular Diagnostics, Inc., a Delaware corporation (the "COMPANY"), at a
purchase price of fifteen cents ($0.15) per share (the "EXERCISE PRICE"), such number of shares and Exercise
Price being subject to adjustment upon the occurrence of the contingencies set forth in this Warrant. Each share
of Common Stock as to which this Warrant is exercisable is a "WARRANT SHARE" and all such shares are
collectively referred to as the "WARRANT SHARES."
SECTION 1. EXERCISE OF WARRANT; CONVERSION OF WARRANT.
(a) Subject to filing the Certificate of Amendment as set fort