Document:

reeds_s3a2-ex0404.htm

EXHIBIT
4.4

    

    [FORM
OF NOTICE TO STOCKHOLDERS WHO ARE RECORD HOLDERS]

     

    REED’S,
INC.

     

    NOTICE
TO STOCKHOLDERS WHO ARE RECORD HOLDERS

     

    

    Up to
300,000 Shares of Series B Convertible Preferred Stock Issuable Upon Exercise of
Rights 

    to
Subscribe for Such Shares at $10.00 per Share

     

    Enclosed for your consideration is a
prospectus, dated
[                ],
2009 (the “Prospectus”),
relating to the offering by Reed’s, Inc., a Delaware corporation (the “Company”) of subscription
rights (the “Rights
Offering”) to purchase shares of the Company’s Series B Convertible
Preferred Stock (“Series B
Preferred”) by stockholders of record (“Record Date Stockholders”) as
of 5:00 p.m., New York City time, on
[              ],
2009 (the “Record
Date”).

     

    Pursuant to the offering, the Company
is issuing Rights to subscribe for up to 300,000 shares of the Company’s Series
B Preferred, on the terms and subject to the conditions described in the
Prospectus. The Rights may be exercised at any time during the subscription
period, which commences on
[                        ],
2009 and ends at 5:00 p.m., New York City time, on
[             ],
2009, unless extended by the Company in its sole discretion (as it may be
extended, the “Expiration
Date”). The Series B Preferred will not be listed on the NASDAQ Capital
Market;  however the Company intends to apply to the OTC Bulletin
Board for quotation of the Series B Preferred. The Rights are transferable and
will be listed for trading on the NASDAQ Capital Market under the symbol “REEDR”
during the course of this offering.

     

    As described in the Prospectus,
Record Date Stockholders will receive one (1) Right for each share of the
Company’s common stock, $0.0001 par value, owned on the Record
Date.

     

    Four (4) Rights entitle the holder
(the “Rights Holders”)
to purchase one share of Series B Preferred at the subscription price of $10.00
per share (the “Basic
Subscription Right”).

    

    Rights
Holders who fully exercise their Basic Subscription Right will be entitled to
subscribe for additional shares that remain unsubscribed as a result of any
unexercised Basic Subscription Right (the “Over-Subscription Right” and
together with the Basic Subscription Right, the “Rights”). If requests for
shares of Series B Preferred pursuant to the Basic Subscription Right exceed the
shares of Series Preferred available, the shares of Series B Preferred will be
allocated pro-rata among Rights Holders on the number of Rights then held. Each
Over-Subscription Right entitles the holder to subscribe for an additional
amount equal to up to 400% of the shares of Series B Preferred for which such
holder was otherwise entitled to subscribe (calculated prior to the exercise of
any rights). If sufficient remaining shares of Series B Preferred are available,
all over-subscription requests will be honored in full. If requests for shares
of Series B Preferred pursuant to the Over-Subscription Right exceed the
remaining shares of Series Preferred available, the remaining shares of Series B
Preferred will be allocated pro-rata among Rights Holders who over-subscribe
based on the number of Rights then held. Rights may only be exercised for whole
numbers of shares; no fractional shares of Series B Preferred will be issued in
the Rights Offering.

     

    The rights will be evidenced by
subscription rights certificates (the “Subscription
Certificates”).

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    Enclosed are copies of the following
documents:

     

    
      	 
      	
              1.

            	
              Prospectus,
      dated
      [                  ],
      2009;

            

    

     

    
      	 
      	
              2.

            	
              Subscription
      Certificate; and

            

    

     

    
      	 
      	
              3.

            	
              A
      return envelope, addressed to
      [                                ]
      (the “Subscription
      Agent”).

            

    

     

    Your prompt attention is requested.
To exercise your Rights, you should properly complete and sign the Subscription
Certificate and forward it, with payment of the subscription price in full for
each share of Series B Preferred subscribed for pursuant to the Basic
Subscription Right and the Over-Subscription Right to the Subscription Agent, as
indicated on the Subscription Certificate. The Subscription Agent must receive
the properly completed and duly executed Subscription Certificate and full
payment at or prior to 5:00 p.m., New York City time, on the Expiration
Date.

     

    You will have no right to rescind
your subscription after receipt of your payment of the subscription price,
except as described in the Prospectus. Rights not exercised at or prior to
5:00 p.m., New York City time, on the Expiration Date will
expire.

     

    ANY QUESTIONS OR REQUESTS FOR
ASSISTANCE CONCERNING THE RIGHTS OFFERING SHOULD BE DIRECTED TO MACKENZIE
PARTNERS, INC., THE INFORMATION AGENT, TOLL-FREE AT THE FOLLOWING TELEPHONE
NUMBER: (800) 322-2885.

     

     

    2reeds_s3a2-ex0405.htm

EXHIBIT
4.5

    

    [FORM
OF NOTICE TO STOCKHOLDERS WHO ARE ACTING AS NOMINEES]

     

    REED’S,
INC.

     

    NOTICE
TO STOCKHOLDERS WHO ARE ACTING AS NOMINEES

     

    Up to
300,000 Shares of Series B Convertible Stock and

    Issuable
Upon

    Exercise
of Rights to Subscribe for Such Shares at 10.00 per Share

     

    This
letter is being distributed to broker-dealers, trust companies, banks and other
nominees in connection with the offering by Reed’s, Inc., a Delaware corporation
(the “Company”) of
subscription rights (the “Rights Offering”) to
purchase shares of the Company’s Series B Convertible Preferred Stock
(“Series B Preferred”)
by stockholders of record (“Record Date Stockholders”) as
of 5:00 p.m., New York City time, on
[                     ],
2009 (the “Record
Date”).

     

    Pursuant
to the offering, the Company is issuing Rights to subscribe for up to 300,000
shares of the Company’s Series B Preferred, on the terms and subject to the
conditions described in the Prospectus. The Rights may be exercised at any time
during the subscription period, which commences
on [                          ],
2009 and ends at 5:00 p.m., New York City time, on
[           ], 2009,
unless extended by the Company in its sole discretion (as it may be extended,
the “Expiration Date”).
The Series B Preferred will not be listed on the NASDAQ Capital Market; however
the Company intends to apply to the OTC Bulletin Board for quotation of the
Series B Preferred. The Rights are transferable and will be listed for trading
on the NASDAQ Capital Market under the symbol “REEDR” during the course of this
offering.

     

    As described in the Prospectus,
Record Date Stockholders will receive one (1) Right for each share of the
Company’s common stock, $0.0001 par value (“Common Stock”) owned on the
Record Date.

     

    Four (4) Rights entitle the holder
(the “Rights Holders”)
to purchase one share of Series B Preferred at the subscription price of $10.00
per share (the “Basic
Subscription Right”).

    

    Rights
Holders who fully exercise their Basic Subscription Right will be entitled to
subscribe for additional shares that remain unsubscribed as a result of any
unexercised Basic Subscription Right (the “Over-Subscription Right” and
together with the Basic Subscription Right, the “Rights”). If requests for
shares of Series B Preferred pursuant to the Basic Subscription Right exceed the
shares of Series Preferred available, the shares of Series B Preferred will be
allocated pro-rata among Rights Holders on the number of Rights then held. Each
Over-Subscription Right entitles the holder to subscribe for an additional
amount equal to up to 400% of the shares of Series B Preferred for which such
holder was otherwise entitled to subscribe (calculated prior to the exercise of
any rights). If sufficient remaining shares of Series B Preferred are available,
all over-subscription requests will be honored in full. If requests for shares
of Series B Preferred pursuant to the Over-Subscription Right exceed the
remaining shares of Series Preferred available, the remaining shares of Series B
Preferred will be allocated pro-rata among Rights Holders who over-subscribe
based on the number of Rights then held. Rights may only be exercised for whole
numbers of shares; no fractional shares of Series B Preferred will be issued in
the Rights Offering.

     

    The
Rights are evidenced by a subscription rights certificate (a “Subscription Certificate”)
registered in your name or the name of your nominee.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    We are
asking persons who hold shares of the Company’s Common Stock beneficially, and
who have received the Rights distributable with respect to those shares through
a broker-dealer, trust company, bank or other nominee, to contact the
appropriate institution or nominee and request it to effect the transactions for
them.

     

    If you
exercise the Over-Subscription Right on behalf of beneficial owners of Rights,
you will be required to certify to the Subscription Agent and the Company, in
connection with the exercise of the Over-Subscription Right, as to the aggregate
number of Rights that have been exercised pursuant to the Subscription Right,
whether the Rights exercised pursuant to the Basic Subscription Right on behalf
of each beneficial owner for which you are acting have been exercised in full
and the number of shares of Series B Preferred being subscribed for pursuant to
the Over-Subscription Right by each beneficial owner of Rights on whose behalf
you are acting.

     

    Enclosed
are copies of the following documents:

     

    
      	 
      	
              1.

            	
              Prospectus,
      dated
      [                      ],
      2009; and

            

    

     

    
      	 
      	
              2.

            	
              A
      form of letter which may be sent to beneficial holders of the Company’s
      Common Stock.

            

    

     

    Rights
not exercised at or prior to 5:00 p.m., New York City time, on the
Expiration Date will expire.

     

    Additional
copies of the enclosed materials may be obtained from the Information Agent,
Mackenzie Partners, Inc. toll-free at the following telephone number:
(800) 322-2885.

    

    NOTHING
HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL MAKE YOU OR ANY OTHER PERSON AN AGENT
OF THE COMPANY; THE DEALER-MANAGER, THE SUBSCRIPTION AGENT, THE INFORMATION
AGENT OR ANY OTHER PERSON MAKING OR DEEMED TO BE MAKING OFFERS OF THE SECURITIES
ISSUABLE UPON VALID EXERCISE OF THE RIGHTS, OR AUTHORIZE YOU OR ANY OTHER PERSON
TO MAKE ANY STATEMENTS ON BEHALF OF ANY OF THEM WITH RESPECT TO THE OFFERING,
EXCEPT FOR STATEMENTS MADE IN THE PROSPECTUS.

     

     

     

    2

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