Document:

Number

Exhibit 4.4

	
      Number
- -
	
      Shares
- -

 

 

 

ASCENT ENERGY INC.
ORGANIZED UNDER THE LAWS
OF THE STATE OF DELAWARE
8% SERIES B CONVERTIBLE PREFERRED STOCK

This Certifies That _________________________ is the registered
holder of________________ shares of 8% Series B Convertible Preferred Stock,
$0.001 par value, of the above Corporation, which are fully paid and
non-assessable and transferable only on the books of the Corporation by the
holder hereof in person or by duly authorized Attorney upon surrender of this
Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this
Certificate to be signed by its duly authorized officers and its Seal to be
hereunto affixed this ____ day of __________, _____.

 

                                    
_______________________        
_______________________
                                      
               
President                                         
 
Secretary

 

 

PREFERRED

$0.001
par value

STOCK CERTIFICATE

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
ANY STATE SECURITIES LAW, AND SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR
OTHERWISE DISPOSED OF UNLESS THE SAME ARE REGISTERED AND QUALIFIED IN ACCORDANCE
WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION OF
COUNSEL REASONABLY SATISFACTORY TO THE COMPANY SUCH REGISTRATION AND
QUALIFICATION ARE NOT SO REQUIRED.

ANY STOCKHOLDER MAY OBTAIN WITHOUT CHARGE, BY REQUEST TO THE
OFFICE OF THE SECRETARY OF THE COMPANY, A COPY OF A STATEMENT OF THE RIGHTS,
PREFERENCES, PRIVILEGES AND RESTRICTIONS GRANTED TO OR IMPOSED UPON THE SHARES
OF SERIES B PREFERRED STOCK REPRESENTED HEREBY AND OF EACH OTHER CLASS OR SERIES
OF SHARES AUTHORIZED TO BE ISSUED BY THE COMPANY AND UPON THE HOLDERS
THEREOF.

 

No. - -

Ascent Energy Inc.

CERTIFICATE
FOR

- -

SHARES

OF

Series B Convertible
Preferred Stock

ISSUED TO

_____________________

DATED

________, ____

        For value received,
______________________ hereby sells, assigns and transfers unto
_______________________________ Shares of the Preferred Stock represented by the
within Certificate, and do hereby irrevocably constitute and appoint
______________________ Attorney to transfer the said Stock on the books of and
within named Corporation with full power of substitution in the premises.

 

Dated: ________________________

 

In presence of: __________________

  NOTICE: THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH
  THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR,
  WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE
WHATEVER.Exhibit 4.5

Warrant No.
_____                                         
                                          
                    
Warrants to Purchase

______________
shares of Common Stock

 

                      
THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES
LAW, AND SUCH SECURITIES MAY NOT BE SOLD TRANSFERRED OR OTHERWISE DISPOSED OF
UNLESS THE SAME ARE REGISTERED AND QUALIFIED IN ACCORDANCE WITH THE ACT AND ANY
APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE COMPANY SUCH REGISTRATION AND QUALIFICATION ARE NOT SO
REQUIRED.

WARRANT

To Purchase Common Stock of

ASCENT ENERGY INC.

THIS WARRANT CERTIFICATE certifies that _______________ (the
"Holder"), or registered assigns, is entitled to purchase from Ascent
Energy Inc., a Delaware corporation (the "Company"), at any time during
the period commencing on the date hereof, but not later than 5:00 p.m., Central
time, on June 1, 2011 (the "Expiration Date"), that number of fully paid
and non–assessable shares of Common Stock (each, a "Warrant Share"),
$0.001 par value per share (the "Common Stock"), as set forth above at an
exercise price of $__________ (the "Exercise Price") per Warrant Share, all on
the terms and conditions hereinbelow provided. The number of Warrant Shares
issuable upon exercise of the Warrant and the Exercise Price are subject to
adjustment on the occurrence of certain events set forth below.

            Section
1.      Exercise of Warrant.

                       
(a)     The holder of this Warrant may, at any time on and
after the date hereof, but not later than the Expiration Date, exercise this
Warrant in whole at any time or in part from time to time for the number of
Warrant Shares which the Holder is then entitled to purchase hereunder. The
Holder may exercise this Warrant, in whole or in part, by either of the
following methods:

                                
(i)     The Holder may deliver to the Company (A) a written
notice of the Holder's election to exercise this Warrant, which notice shall
specify the number of Warrant Shares to be purchased, (B) this Warrant and (C) a
sum equal to the aggregate Exercise Price for the number of Warrant Shares being
purchased in immediately available funds; or

                               
(ii)      If the Common Stock is then traded on a
national securities exchange or quoted on the Nasdaq Stock Market or any other
over–the–counter securities market, the Holder may also exercise this Warrant,
in whole or in part, in a "cashless" or "net–issue" exercise by delivering to
the Company (A) a written notice of the Holder's election to exercise this
Warrant, which notice shall specify the number of Warrant Shares to be purchased
and the number of Warrant Shares with respect to which this Warrant is being
surrendered in payment of the aggregate Exercise Price for the Warrant Shares to
be purchased by the Holder, and (B) this Warrant. For purposes of this Section
1(a)(ii), each Warrant Share as to which this Warrant is surrendered will be
attributed a value equal to the average of the difference between the daily last
sales price reported on the primary national securities exchange, Nasdaq Stock
Market or over–the–counter market on which the Common Stock is then previously
traded or quoted for 20 Business Days preceding and the Exercise Price for each
such Warrant.

                       
(c)      Any notice required under this Section 1 may
be given by delivering this Warrant together with an executed copy of the
Subscription Form set out at the end of this Warrant. Upon delivery thereof, the
Company shall as promptly as practicable and in any event within ten calendar
days thereafter, cause to be executed and delivered to the Holder a certificate
or certificates representing the aggregate number of fully–paid and
nonassessable shares of Common Stock issuable upon such exercise. The stock
certificate or certificates for Warrant Shares so delivered shall be in such
denominations as may be specified in said notice and shall be registered in the
name of the Holder or, subject to Section 1(b), such other name or names as
shall be designated in said notice. If this Warrant shall have been exercised
only in part, the Company shall, at the time of delivery of said certificate or
certificates, deliver to the Holder a new Warrant dated the date it is issued,
evidencing the rights of the Holder to purchase the remaining Warrant Shares
called for by this Warrant, which new Warrant shall in all other respects be
identical to this Warrant, or, at the request of the Holder, appropriate
notation may be made on this Warrant and the Warrant shall be returned to the
Holder.

                       
(d)      The Company shall pay all expenses, taxes and
other charges payable in connection with the preparation, issue and delivery of
stock certificates under this Section 1.

                       
(e)      All shares of Common Stock issuable upon the
exercise of this Warrant shall be validly issued, fully paid and nonassessable,
and free from all liens created by the Company and other encumbrances
thereon.

                       
(f)      Except as may otherwise be required by law,
the Company will not close its books against the transfer of this Warrant in any
manner which interferes with the timely exercise of this Warrant.

            Section
2.     Transfer, Division and Combination.

                       
(a)      Subject to Section 6, this Warrant and all
rights hereunder are transferable, in whole or in part, on the books of the
Company to be maintained for such purpose, upon surrender of this Warrant,
together with a written assignment in the form set out at the end of this
Warrant duly executed by the Holder or its agent or attorney and payment of
funds sufficient to pay any stock transfer taxes payable upon the making of such
transfer. Upon such surrender and payment the Company shall, subject to Section
6, execute and deliver a new Warrant or Warrants in the name of the assignee or
assignees and in the denominations specified in such instrument of assignment,
and this Warrant shall promptly be canceled.

                       
(b)      The Company shall pay all expenses, taxes and
other charges incurred by the Company in the performance of its obligations in
connection with the preparation, issue and delivery of Warrants under this
Section 2.

            Section
3.     Adjustment of Stock Unit or Exercise Price.
The Exercise Price and the number of Warrant Shares purchasable upon the
exercise of this Warrant are subject to adjustment from time to time upon the
occurrence of the events specified in this Section 3.

                       
(a)      If the Company shall (i) pay a stock dividend
on its capital stock, (ii) subdivide its outstanding shares of Common Stock,
(iii) combine its outstanding shares of Common Stock into smaller number of
shares of Common Stock or (iv) issue any shares of its capital stock in a
reclassification of the Common Stock (including any such reclassification in
connection with a consolidation or merger in which the Company is the continuing
corporation), the number of Warrant Shares purchasable upon exercise of this
Warrant immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the kind and number of Warrant Shares or other securities of
the Company which the Holder would have owned or have been entitled to receive
after the happening of any of the events described above, had such Warrant been
exercised immediately prior to the happening of such event or any record date
with respect thereto.

                       
(b)      In the event of any capital reorganization or
any reclassification of the Common Stock (except as provided in Section 3(a)
above or (g)) the Holder upon exercise thereof shall be entitled to receive, in
lieu of the Common Stock to which he would have become entitled upon exercise
immediately prior such reorganization or reclassification, the shares (of any
class or classes) or other securities or property of the Company that he would
have been entitled to receive at the same aggregate Exercise Price upon such
reorganization or reclassification if this Warrant had been exercised
immediately prior thereto; and in any such case, appropriate provision (as
determined in good faith by the Board of Directors of the Company, whose
determination shall be conclusive) shall be made for the application of this
Section 3 with respect to the rights and interests thereafter of the Holder
(including the allocation of the adjusted Exercise Price between or among shares
of classes of capital stock), to the end that this Section 3 (including the
adjustments of the number of shares of Common Stock or other securities
purchasable and the Exercise Price thereof) shall thereafter be reflected, as
nearly as reasonably practicable, in all subsequent exercises of this Warrant
for any shares or securities or other property thereafter deliverable upon the
exercise of this Warrant.

                       
(c)      Except for adjustments required by Section 3,
no adjustment in the number of Warrant Shares purchasable hereunder shall be
required unless such adjustment would require an increase or decrease of at
least one percent (1%) in the number of Warrant Shares purchasable upon the
exercise of this Warrant; provided, however, that any adjustments which by
reason of this Section 3(c) are not required to be made shall be carried forward
and taken into account in any subsequent adjustment. All calculations shall be
made to the nearest cent and to the nearest one–hundredth of a Warrant Share, as
the case may be.

                       
(d)      Whenever the number of Warrant Shares
purchasable upon the exercise of this Warrant is adjusted as herein provided
(whether or not the Company then or thereafter elects to issue additional
Warrants in substitution for an adjustment in the number of Shares as provided
in Section 3(g)), the Exercise Price payable upon exercise of this Warrant shall
be adjusted by multiplying the Exercise Price immediately prior to such
adjustment by a fraction, of which the numerator shall be the number of Warrant
Shares purchasable upon the exercise of this Warrant immediately prior to such
adjustment, and of which the denominator shall be the number of Warrant Shares
so purchasable immediately thereafter.

                       
(e)      For the purpose of this Section 3, the term
"shares of stock" shall mean (i) the class of stock designated as the Common
Stock of the Company at the date of this Agreement, or (ii) any other class of
stock resulting from successive changes or reclassification of such shares
consisting solely of changes in par value, or from par value to no par value, or
from no par value to par value. If at any time, as a result of an adjustment
made pursuant to Section 3(a) or (b), the Holder shall become entitled to
purchase any shares of the Company other than Warrant Shares, thereafter the
number of such other shares so purchasable upon exercise of this Warrant and the
Exercise Price of such shares so purchasable upon exercise of this Warrant shall
be subject to adjustment from time to time in a manner and on terms as nearly
equivalent as practicable to the provisions contained in Sections 3(a) through
(d), which provisions shall apply on like terms to any such other shares.

                       
(f)      Except as provided in this Section 3, no
adjustment in respect of any dividends shall be made during the term of a
Warrant or upon the exercise of a Warrant.

                       
(g)      In case of any consolidation of the Company
with or merger of the Company into another corporation or other entity or in
case of any sale or conveyance to another person of the property of the Company
as an entirety or substantially as an entirety, the Company or such successor or
purchasing corporation or other entity, as the case may be, shall execute and
deliver to the Holder an agreement that the Holder shall have the right
thereafter upon payment of the Exercise Price in effect immediately prior to
such action to purchase upon exercise of the each Warrant the kind and amount of
shares and other securities and property which he would have owned or have been
entitled to receive after the happening of such consolidation, merger, sale or
conveyance had the Warrant been exercised immediately prior to such action. The
Company shall promptly provide to Holder notice of the execution of any such
agreement. Such agreement shall provide for adjustments, which shall be as
nearly equivalent as may be practicable to the adjustments provided for in this
Section 3. The provisions of this Section 3(g) shall similarly apply to
successive consolidations, mergers, sales or conveyances.

            Section
4.     Notices.

                       
(a)      Upon any adjustment of the number of shares
purchasable upon exercise of this Warrant or the Exercise Price, the Company
within 20 calendar days thereafter shall cause to be mailed to the Holder a
certificate setting forth the Exercise Price and either the number of Warrant
Shares purchasable upon exercise of each Warrant or the replacement warrant to
be issued for this Warrant, as the case may be, after such adjustment and
setting forth in reasonable detail the method of calculation and the facts upon
which such adjustment was made, which certificate shall be conclusive evidence
of the correctness of the matters set forth therein.

                       
(b) If:

                                
(i)     the Company shall declare any dividend payable in
any securities upon its Common Stock or make any distribution (other than a cash
dividend) to the holders of its shares of Common Stock, or

                                
(ii)     the Company shall offer to the holders of its
shares of Common Stock any additional shares of Common Stock or securities
convertible into shares of Common Stock or any right to subscribe thereto,
or

                                
(iii)     there shall be a dissolution, liquidation or
winding up of the Company (other than in connection with a consolidation, merger
or sale of all or substantially all of its property, assets and business as an
entirety),

the Company shall cause written notice of such event to be given to the
Holder at least ten calendar days (or 20 calendar days in any case specified in
Section 4(b)(iii)) prior to the date fixed as a record date for the date of
closing the transfer books for the determination of the stockholders entitled to
such dividend, distribution or subscription rights, or for the determination of
stockholders entitled to vote on such proposed dissolution, liquidation or
winding up. Such notice shall specify such record date or the date of closing
the transfer books, as the case may be. The failure to give the notice required
by this Section 4 or any defect therein shall not affect the legality or
validity of any distribution, right, warrant, dissolution, liquidation or
winding up or the vote upon or any other action taken in connection
therewith.

            Section
5.     Restrictions on Transfer.

                       
(a)      The Holder by its acceptance of this Warrant
understands and agrees that this Warrant and the Warrant Shares have not been
registered under the Securities Act of 1933, as amended (the "Securities Act"),
or any state securities saws, and that accordingly, they will not be fully
transferable except as permitted under various exemptions contained in the
Securities Act and applicable state securities laws, or upon satisfaction of the
registration and prospectus delivery requirements of the Securities Act and
applicable state and securities laws. The Holder acknowledges that it must bear
the economic risk of its investment in the Warrant and Warrant Shares for an
indefinite period of time since they have not been registered under the
Securities Act and applicable state securities laws and therefore cannot be sold
unless they are subsequently registered or an exemption from registration is
available.

                       
(b)      The Holder agrees that without the prior
written consent of the Company, which may be withheld by the Company in its sole
discretion, it shall not transfer the Warrant or any interest therein to anyone
other than a member of its Group. For purposes of this Section 5, a "Group"
shall mean:

                                
(i)     if the Holder is an individual, the Holder, the
spouse, lineal descendants and adopted children of the Holder and any trust for
the benefit of any of the foregoing; and

                                
(ii)     if the Holder is a corporation, limited liability
company or partnership, (A) such corporation, limited liability company or
partnership, (B) any corporation or other business organization to which such
corporation, limited liability company or partnership shall sell, license or
transfer all or substantially all of its assets or with which it shall be
merged, (C) with respect to any limited liability company or partnership, any
partner (general or limited) or member thereof and (D) any affiliate of such
corporation, limited liability company or partnership.

        The Company shall from time to
time, subject to the limitations of this Section 5, register the permitted
transfer of this Warrant upon the records to be maintained by it for that
purpose, upon surrender thereof duly endorsed or accompanied (if so required by
it) by a written instrument or instruments of transfer in form satisfactory to
the Company, duly executed by the registered holder or holders thereof or by the
duly appointed legal representative thereof or by a duly authorized attorney.
Upon any such registration of transfer, a replacement warrant shall be issued to
the transferee(s) and the surrendered Warrant shall be cancelled by the
Company.

        The Holder agrees that prior to
any proposed transfer of the Warrant the Holder will deliver to the
Company:
                                
(i)    an agreement by such transferee to the impression of the
restrictive legend set forth in Section 5(d) on the Warrant; and 
                                
(ii)    an agreement by such transferee be bound by the
provisions of this Warrant.

                       
(d)      The Holder agrees that the Warrant will bear a
legend in substantially the following form:

                         
  "THE SECURITIS EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
  THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE
  SECURITIES LAW, AND SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
  DISPOSED OF UNLESS TH SAME ARE REGISTERED AND QUALIFIED IN ACCORDANCE WITH THE
  ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION OF COUNSEL
  REASONABLY SATISFACTORY TO THE COMPANY SUCH REGISTRATION AND QUALIFICATION ARE
  NOT SO REQUIRED."

                       
(e)      Subject to the terms of this Warrant, this
Warrant may be exchanged at the option of the Holder, when surrendered to the
Company at its principal office, which is currently located at the address
listed in Section 9, for another Warrant of like tenor and representing in the
aggregate a like number of Warrant Shares. If the Holder desires to exchange
this Warrant it shall deliver a written request to the Company, and shall
surrender, duly endorsed or accompanied (if so required by the Company) by a
written instrument or instruments of transfer form satisfactory to the Company,
the Warrant Certificate or Certificates to be so exchanged.

            Section
6.     Limitation of Liability. No provision hereof,
in the absence of affirmative action by the Holder to purchase shares of Common
Stock, and no mere enumeration herein of the rights or privileges of the holder
hereof, shall give rise to any liability of the Holder for the purchase price of
the Warrant Shares or as a stockholder of the Company, whether such liability is
asserted by the Company or by creditors of the Company.

            Section
7.     Loss or Destruction of Warrant. Upon receipt
of evidence satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and, in the case of any such loss, theft or
destruction, upon receipt of indemnity or security satisfactory to the Company
or, in the case of any such mutilation, upon surrender and cancellation of this
Warrant, the Company will make and deliver, in lieu of such lost, stolen,
destroyed or mutilated Warrant, a new Warrant of like tenor and representing the
right to purchase the same aggregate number of shares of Common Stock.

            Section
8.     Amendments. The terms of this Warrant may be
amended, and the observance of any term therein may be waived, but only with the
written consent of the Company and the Holder.

            Section
9.     Notices Generally. All communications
(including all required or permitted notices) pursuant to the provisions hereof
shall be in writing and shall be sent,

                       
(a)      if to the Holder at its address for notices
specified beneath its name on the signature page hereof or at such other address
as it may have furnished in writing to the Company.

  
        (b)     if to the
  Company:

                               
Ascent Energy
Inc.
                               
650 Poydras Street, Suite
2200
                               
New Orleans, Louisiana
70130
                               
Attn: President

                               
or at such other address as it may have furnished in writing to the Holder.

        Any notice or demand authorized by
this Warrant to be given or made by the Holder of or on the Company or by the
Company to the Holder shall be sufficiently given or made when and if deposited
in the mail, first class or registered, postage prepaid, addressed (until
another address is provided in writing) as provided in this Section 9.

                       
Section 10. GOVERNING LAW. THIS WARRANT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE.

                       
IN WITNESS WHEREOF, the Company has caused this Warrant to be signed in its name
by its President or a Vice President and its corporate seal to be impressed
hereon and attested by its Secretary or an Assistant Secretary.

Dated: _______________, 2001

                                          
                                     
ASCENT ENERGY INC. 

 

                                          
                                     
By:                                         
                       
                                         
                                         
Name:
                                         
                                         
Title:

ATTEST:

                                          
                   
Name:
Title:

 

Address for Notices 

__________________________

__________________________

__________________________

 

SUBSCRIPTION FORM 

(to be executed only upon exercise of Warrant) 

                               
The undersigned registered owner of this Warrant irrevocably exercises this
Warrant for and purchases Warrant Shares of Ascent Energy Inc., a Delaware
corporation, purchasable with this Warrant, and herewith makes payment therefor
(by check in the amount of $_____), or hereby tenders _____ Warrant Shares as
payment therefor, all at the price and on the terms and conditions specified in
this Warrant and requests that certificates for the shares of Common Stock
hereby purchased (and any securities or other property issuable upon such
exercise) be issued in the name of and delivered to ______________ whose address
is _____________ and, if such Warrant Shares shall not include all of the
Warrant Shares issuable as provided in this Warrant that a new Warrant of like
tenor and date for the balance of the Warrant Shares issuable thereunder be
delivered to the undersigned.

 

Dated:

_________________________________
(Signature of Registered Owner)

__________________________________
(Street Address)

__________________________________
(City)        
(State) (Zip Code)

 

 

ASSIGNMENT FORM

 

                       
FOR VALUE RECEIVED the undersigned registered owner of this Warrant hereby
sells, assigns and transfers unto the Assignee named below all of the rights of
the undersigned under this Warrant, with respect to the number of Warrant Shares
set forth below:

No. of Warrant
Shares                                        
        
Name and Address of Assignee

 

 

 

and does hereby irrevocably constitute and appoint _____ Attorney to make
sure transfer on the books of Ascent Energy Inc., a Delaware corporation,
maintained for the purpose, with full power of substitution in the premises.

Dated:

______________________________
Signature

 

______________________________
Witness

 

	
      NOTICE: 
	The signature to the assignment must correspond with the
      name as written upon the face of the within Warrant in every particular,
      without alteration or enlargement or any change whatever.
	
	The signature must be guaranteed by an institution which is
      a member of one of the following recognized signature guarantee
    programs:
	
      
	(1)     The Securities Transfer Agents
      Medallion Program (STAMP);
	
      
	(2)     The New York Stock Exchange
      Medallion Stamp Program (MSP);
	
      
	(3)     The Stock Exchange Medallion
      Program (SEMP).

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