Biostar Pharmaceuticals, Inc. | 2013 | FY | 3

The following table summarizes the Company’s outstanding warrants as of December 31, 2013 and 2012.

         
Outstanding as at December 31,
 
Expiry date
 
Exercise Price
   
2013
   
2012
 
May 31, 2013
  $ 6.00       -       18,333  
June 30, 2014
    8.22       10,784       10,784  
November 1, 2014*
    9.00       166,667       166,667  
              177,451       195,784  
* The Company has the right at any time, on at least forty-five (45) day written notice, to redeem the outstanding warrants at a price of one cent ($0.03) per share provided the market price of the Company’s common stock equals to or exceeds $13.5 on each trading day for twenty (20) consecutive trading days ending on the trading day prior to the date that the Company intends to redeem the warrants. 

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