Exhibit 4.4
THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY
BE OFFERED AND SOLD ONLY IF REGISTERED PURSUANT TO THE PROVISIONS OF THAT ACT OR
IF AN EXEMPTION FROM REGISTRATION IS AVAILABLE
No. W-3A
STOCK PURCHASE WARRANT
To Subscribe for and Purchase
3,000,000 Shares of the Common Stock
($.001 par value) of
NATURAL SOLUTIONS CORPORATION
VOID AFTER 3:00 PM, PALM BEACH, FLORIDA TIME, June 1, 2005
THIS CERTIFIES THAT, for value received, including, inter alia, (i) the
surrender of warrants W- 1A, and W-2A, each issued on August 10, 1999 for the
stock of NATURAL SOLUTIONS CORPORATION (hereinafter called the "Company"),
formerly known as Ice Ban America, Inc.; (ii) the purchase of a $750,000
convertible debenture dated August 11, 1999; and (iii) the purchase of a
$250,000 convertible debenture issued by the Company on or about June 1, 2000,
X. X. XXXXXXXXX ("Holder"), whose address is 000 Xxxxxxxxxxx Xxxxxxxx, Xxxxxxxx
Xxxxx, Xxxxxxxx 00000, is entitled to subscribe for and purchase from the
Company, a corporation organized and existing under the laws of the State of
Nevada, at the purchase price of $0.25 per share (the "Purchase Price"), at any
time from June 1, 2000, to and including June 1, 2005, THREE MILLION (3,000,000)
fully paid and nonassessable shares of the Company's Common Stock, $.001 par
value, subject, however, to the provisions and upon the terms and conditions
hereinafter set forth.
1. (a) The rights represented by this Warrant may be exercised by
Xxxxxx in whole or in part, by the surrender of this Warrant, properly endorsed,
at the office of the Company at 000 Xxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxxx,
Xxxxxxxx 00000 (or such other office or agency of the Company in any State of
the United States as it may designate by notice in writing to Holder at his
address appearing on the books of the Company) and upon payment by Holder for
the account of the Company, of the Purchase Price for such shares. The Company
agrees that the shares so purchased shall be deemed to be issued to Xxxxxx as
the record owner of such shares as of the close of business on the date on which
this Warrant shall have been surrendered and payment made for such shares as
aforesaid. Certificates for the shares so purchased shall be delivered to Holder
within a reasonable time, after the rights represented by this Warrant shall
have been so exercised and, unless this Warrant has expired, a new Warrant
representing the number of shares, if any, with respect to which this Warrant
shall not then have been exercised in all other respects identical with this
Warrant shall also be issued and delivered to Holder within such time or, at
Holder's request, appropriate notation may be made on this Warrant and the same
returned to Holder. So long as shares issued upon exercise of this Warrant have
not been registered pursuant to the provisions of the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder (the "Securities
Act"), the certificates representing such shares shall bear an appropriate
legend restricting the transfer of such shares without compliance with the
Securities Act and any applicable state laws;
provided no such legend shall be set forth if the holder or transferee of such
Warrant or Common Stock, as the case may be furnishes to the Company a
satisfactory opinion of counsel or other evidence reasonably satisfactory to the
Company to the effect that such legend is not required for compliance with the
Securities Act any applicable state laws.
(b) Subject to the restrictions on transfer contained in
paragraph 4 of this Warrant, if, at the time of any exercise or surrender for
exchange of a Warrant or of Common Stock previously issued upon the exercise of
this Warrant, such Warrant or Common Stock shall not be registered under the
Securities Act, the Company may require, as a condition of allowing such
exercise, transfer or exchange, that (i) the holder or transferee of such
Warrant or Common Stock, as the case may be, furnish to the Company a
satisfactory opinion of counsel or other evidence reasonably satisfactory to the
Company to the effect that such exercise, transfer or exchange may be made
without registration under the Securities Act and (ii) the holder or transferee
execute and deliver to the Company an investment letter in form and substance
acceptable to the Company, provided that the disposition thereof shall at all
times be within the control of such holder or transferee, as the case may be;
provided, further, no such letter shall be required if an opinion as described
in (i) herein is delivered to the Company and contains an opinion to the effect
that such letter is not required for compliance with the Securities Act and any
applicable state laws. The first holder of the Warrant represents to the Company
that he is acquiring the Warrant for investment and not with a view to the
distribution thereof.
2.The Company covenants and agrees that all shares which may be
issued upon the exercise of the rights represented by this Warrant upon
issuance, will be validly issued, fully paid and nonassessable and free from all
taxes (but specifically excluding income taxes), liens and charges with respect
to the issue thereof. The Company further covenants and agrees that during the
period within which the rights represented by this Warrant may be exercised or
are outstanding, the Company will have at all times authorized and reserved for
the purpose of issue or transfer upon exercise of the subscription rights
evidenced by this Warrant, a sufficient number of shares of its Common Stock to
provide for the exercise of the rights represented by this Warrant, and will
procure at its sole expense expeditiously upon each such reservation of shares
the listing thereof (subject to issuance or notice of issuance) on all stock
exchanges on which the Common Stock is then listed. The Company will take all
such action as may be necessary to assure that such shares of Common Stock may
be issued without violation of any applicable law or regulation, or of any
requirements of any domestic securities exchange upon which the Common Stock of
the Company may be listed. The Company will not take any action which would
result in the total number of shares of Common Stock issuable after such action
and upon full exercise of this Warrant, together with all shares of Common Stock
then outstanding and all shares of Common Stock then issuable upon exercise of
all rights and options to purchase Common Stock and upon conversion of all
convertible securities of the Company then outstanding, exceeding the total
number of shares of Common Stock then authorized by the Company's Articles of
Incorporation, as then amended.
3. In case (i) the Company's outstanding shares of common stock shall
be subdivided into a greater number of shares, (ii) a dividend in common stock
shall be paid in respect of its outstanding common stock, or (iii) there shall
be any other distribution on the Company's common stock payable otherwise than
out of earnings, retained earnings or earned surplus, the Conversion Price per
share in effect immediately prior to such subdivision shall simultaneously with
the effectiveness of such subdivision or immediately after the record date of
such dividend or distribution be proportionately reduced; and, conversely, if
the outstanding shares of common stock shall be combined into a smaller number
of shares, the Conversion Price per share in effect immediately prior to such
combination shall, simultaneously with the effectiveness of such combination, be
proportionately increased. If there shall be a distribution described in clause
(iii) of this section 9, the Conversion Price per share in effect immediately
prior to such distribution shall be reduced by an amount equal to the fair value
thereof per share of common stock.
4. (a) In addition to any other restrictions on transfer contained in this
Warrant or applicable securities laws, this Warrant may not be assigned or
transferred by Holder in whole or in part at any time, provided, however, that
the restriction contained in this paragraph 4 shall not apply at any time after
the Company registers any of its Common Stock in connection with a public
offering of such securities solely for cash, and provided further that in the
event of the death or incapacity of Holder, this Warrant may be exercised in
accordance with its terms by Holder's legatees, heirs, or the legal
representative of Holder or his estate, as applicable.
(b) Subject to the restrictions on transfer contained herein, this warrant is
transferrable on the books of the Company at its principal office by the
registered holder hereof upon surrender of this Warrant properly endorsed. Upon
such surrender, the Company shall issue and deliver to the transferee a new
Warrant or Warrants representing the Warrants so transferred. Upon any partial
transfer, the Company shall issue and deliver to the holder hereof a new Warrant
or Warrants with respect to the Warrants not so transferred as directed by the
holder hereof.
5. The validity, interpretation and performance of this Warrant and each of its
terms and provisions shall be governed by the Laws of the State of Nevada
without regard to such state's conflict of laws provisions.
IN WITNESS WHEREOF, NATURAL SOLUTIONS CORPORATION has caused this Warrant to be
signed by its duly authorized officer as of June 1, 2000.
NATURAL SOLUTIONS CORPORATION
By: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx, President
