X0202 4 2004-11-10 0001294250 Rand Acquisition CORP RAQC 0001200822 LEVY LAURENCE S C/O RAND ACQUISITION CORPORATION 450 PARK AVENUE, 10TH FLOOR NEW YORK NY 10022 1 1 1 0 Chairman and CEO Warrant 5.00 2004-11-10 4 P 0 433000 .65 A 2008-10-26 Common Stock 433000 433000 D Warrant 5.00 2004-11-12 4 P 0 28000 .65 A 2008-10-26 Common Stock 28000 461000 D Warrant 5.00 2004-11-15 4 P 0 30000 .65 A 2008-10-26 Common Stock 30000 491000 D Warrant 5.00 2004-11-19 4 P 0 25000 .65 A 2008-10-26 Common Stock 25000 516000 D Warrant 5.00 2004-11-24 4 P 0 30000 .66 A 2008-10-26 Common Stock 30000 546000 D Warrant 5.00 2004-11-30 4 P 0 30000 .66 A 2008-10-26 Common Stock 30000 576000 D Warrant 5.00 2004-12-01 4 P 0 30000 .66 A 2008-10-26 Common Stock 30000 606000 D Warrant 5.00 2004-12-03 4 P 0 50000 .67 A 2008-10-26 Common Stock 50000 656000 D Warrant 5.00 2004-12-10 4 P 0 80000 .68 A 2008-10-26 Common Stock 80000 736000 D Warrant 5.00 2004-12-13 4 P 0 40000 .69 A 2008-10-26 Common Stock 40000 776000 D Warrant 5.00 2004-12-15 4 P 0 15000 .70 A 2008-10-26 Common Stock 15000 791000 D Warrant 5.00 2004-12-17 4 P 0 9000 .69 A 2008-10-26 Common Stock 9000 800000 D The Warrants will become exercisable on the later of the completion of a business combination with a target business and October 27, 2005. /s/ Laurence S. Levy 2005-01-12