Document:

Exhibit 4.3

 

SECOND SUPPLEMENTAL INDENTURE

 

This Second Supplemental Indenture, dated as of February 15, 2011 (this “Supplemental Indenture”), between (i) Regal Entertainment Group (together with its successors and assigns, the “Company”), and (ii) Wells Fargo Bank, National Association, as Trustee under the Indenture referred to below.

 

W I T N E S S E T H:

 

WHEREAS, the Company and the Trustee have heretofore executed and delivered an Indenture, dated as of August 16, 2010 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of 9.125% Senior Notes due 2018 of the Company (the “Securities”);

 

WHEREAS, pursuant to Section 2.01 of the Indenture and the First Supplemental Indenture (the “First Supplemental Indenture”), dated as of January 7, 2011, between the Company and the Trustee, the Company established Additional Securities in an aggregate principal amount of $150,000,000 (the “First Supplemental Securities”) that were issued as part of the same series of Securities as the Initial Securities;

 

WHEREAS, pursuant to Section 2.01 of the Indenture and resolutions adopted by the Company’s Board of Directors on February 10, 2011, the Company desires to establish Additional Securities in an aggregate principal amount of $100,000,000 to be issued as part of the same series of Securities as the Initial Securities and the First Supplemental Securities; and

 

WHEREAS, pursuant to Section 9.01(g) of the Indenture, the Trustee and the Company are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture, without the consent of any Holder.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Securities as follows:

 

ARTICLE I
 Definitions

 

SECTION 1.1.        Defined Terms.  As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as therein defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

 

ARTICLE II
 Additional Securities

 

SECTION 2.1.        Establishment of Additional Securities.   This Supplemental Indenture is being delivered to the Trustee in order to establish Additional Securities in an aggregate principal 

 

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amount of $100,000,000 pursuant to Section 2.01 of the Indenture, which Additional Securities shall have the following terms:

 

(a)  The Additional Securities established hereunder shall be issued as part of the same series of Securities with the Initial Securities issued under the Indenture;

 

(b)  The aggregate principal amount of the Additional Securities to be authenticated and delivered pursuant to this Supplemental Indenture is $100,000,000;

 

(c)  The issuance price of the Additional Securities established hereunder shall be 104.5%, the issuance date of such Additional Securities shall be February 15, 2011, and the date from which interest shall accrue on such Additional Securities shall be February 15, 2011; and

 

(d)  The Additional Securities established hereunder shall be issuable in the form of one or more Global Securities, substantially in the form attached as Exhibit A hereto, which Global Securities shall be registered in the name of Cede & Co. and delivered to or on behalf of The Depository Trust Company (“DTC”).

 

SECTION 2.2.        Conditions Precedent.  The Company certifies that all conditions precedent provided for in the Indenture relating to the issuance of the Additional Securities described in this Article II of this Supplemental Indenture, and the procedures for authentication and delivery of such Additional Securities provided for in the Indenture have been complied with.

 

ARTICLE III
 Miscellaneous

 

SECTION 3.1.        Notices.  All notices and other communications to the Company shall be given as provided in the Indenture.

 

SECTION 3.2.        Parties.  Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders, the Company and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained.

 

SECTION 3.3.        Governing Law.  This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

SECTION 3.4.        Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture, as supplemented by the First Supplemental Indenture, is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture, as supplemented by the First Supplemental Indenture, for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby.

 

SECTION 3.5.        Trustee not Responsible.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company.

 

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SECTION 3.6.        Counterparts.  The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.

 

SECTION 3.7.        Headings.  The headings of the Articles and the Sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

[Remainder of Page Intentionally Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first above written.

 

	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
REGAL   ENTERTAINMENT GROUP
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David H. Ownby
    
	
 
    	
Name:
    	
David H. Ownby
    
	
 
    	
Title:
    	
Executive Vice   President and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Peter B.   Brandow
    
	
 
    	
Name:
    	
Peter B. Brandow
    
	
 
    	
Title:
    	
Executive Vice   President, General Counsel and Secretary
    

 

[Signature Page to Second Supplemental Indenture]

 

 

	
 
    	
TRUSTEE
    
	
 
    	
 
    	
 
    
	
 
    	
WELLS FARGO BANK,   NATIONAL ASSOCIATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Richard   Prokosch
    
	
 
    	
 
    	
Name:
    	
Richard Prokosch
    
	
 
    	
 
    	
Title:
    	
Vice President
    
					

 

[Signature Page to Second Supplemental Indenture]

 

 

Exhibit A

 

[FORM OF FACE OF SECURITY]

 

9.125% Senior Notes due 2018

 

	
[No.]
    	
 
    	
CUSIP No.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ISIN
    

 

REGAL ENTERTAINMENT GROUP, a Delaware corporation, promises to pay to Cede & Co., or registered assigns, the principal sum of                         Dollars (         ) on August 15, 2018.

 

Interest Payment Dates: February 15 and August 15, commencing August 15, 2011.

 

Record Dates: February 1 and August 1.

 

 

IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed as of the          day of February, 2011.

 

	
 
    	
REGAL   ENTERTAINMENT GROUP
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

 

Wells Fargo Bank, National Association as Trustee, certifies that
 this is one of the Securities referred to in the
 Indenture.

 

	
By:
    	
 
    	
 
    	
 
    
	
 
    	
Authorized Officer
    

 

Additional provisions of this Security are set forth on the other side of this Security.

 

 

[FORM OF REVERSE SIDE OF SECURITY]

 

9.125% Senior Notes due 2018

 

[Global Securities Legend]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.  OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE.

 

1.  Interest. Regal Entertainment Group, a Delaware corporation (the “Company”), promises to pay interest on the principal amount of this Security at the rate per annum shown above.  The Company will pay interest semiannually, in arrears, on February 15 and August 15 of each year, commencing August 15, 2011, in immediately available funds.  Interest on the Securities will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from February 15, 2011.  Interest shall be computed on the basis of a 360-day year of twelve 30-day months.  The Company shall pay interest on overdue principal at the rate borne by the Securities plus 1% per annum, and it shall pay interest on overdue installments of interest at the rate borne by the Securities to the extent lawful.

 

2.  Method of Payment

 

The Company will pay interest on the Securities (except defaulted interest) to the Persons who are registered holders of Securities at the close of business on the February 1 or August 1 next preceding the interest payment date even if Securities are canceled after the record date and on or before the interest payment date.  Holders must surrender Securities to a Paying Agent to collect principal payments.  The Company will pay principal and interest in money of the United States of America that at the time of payment is legal tender for payment of public and private debts.  Payments in respect of the Securities represented by a Global Security (including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust Company.  The Company will make all payments in respect of a certificated Security (including principal, premium and interest) by mailing a check to the registered address of each Holder thereof; provided, however, that

 

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payments on the Securities may also be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of Securities, by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion).

 

3.  Paying Agent and Registrar

 

Initially, Wells Fargo Bank, National Association (the “Trustee”), will act as Paying Agent and Registrar.  The Company may appoint and change any Paying Agent, Registrar or co-registrar without notice.  The Company or any of its domestic Wholly Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar.

 

4.  Indenture

 

The Company issued the Securities under an Indenture dated as of August 16, 2010 (the “Indenture”), between the Company and the Trustee.  The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”).  Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture.  The Securities are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of those terms.

 

The Securities are senior unsecured obligations of the Company and can be issued in amounts as part of the same series or a new series under the Indenture which are unlimited (subject to Sections 2.01 and 2.10 of the Indenture).  The Indenture imposes certain limitations on the ability of the Company and its Subsidiaries to, among other things, incur additional indebtedness, pay dividends or make distributions in respect of their capital stock, purchase or redeem capital stock, enter into transactions with stockholders or certain affiliates, create liens or consolidate, merge or sell all or substantially all of the Company’s assets, other than in certain transactions between the Company and one or more of its Wholly Owned Subsidiaries.  These limitations are subject to significant exceptions.

 

5.  Optional Redemption

 

(a)  Except as set forth below, the Securities may not be redeemed prior to August 15, 2014.

 

(b)  At any time prior to August 15, 2014, the Company may redeem the Securities in whole at any time or in part from time to time at a redemption price equal to 100% of the principal amount of the Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interest and Additional Interest, if any, to the redemption date (subject to the rights of Holders of record on the relevant record date to receive interest due on the relevant interest payment date that is on or prior to the date of redemption).

 

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(c)  At any time on or after August 15, 2014, the Company may redeem the Securities in whole at any time or in part from time to time at the following redemption prices (expressed in percentages of principal amount), plus accrued and unpaid interest and Additional Interest, if any, to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date that is on or prior to the date of redemption), if redeemed during the 12-month period beginning on or after August 15 of the years set forth below:

 

	
Period
    	
 
    	
Redemption Price
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
2014
    	
 
    	
104.563
    	
%
    
	
 
    	
 
    	
 
    	
 
    
	
2015
    	
 
    	
102.281
    	
%
    
	
 
    	
 
    	
 
    	
 
    
	
2016 and thereafter
    	
 
    	
100.000
    	
%
    

 

(d)  At any time prior to August 15, 2013, the Company may on any one or more occasions redeem up to 35% of the original aggregate principal amount of the Securities with the Net Cash Proceeds of one or more Equity Offerings at a redemption price of 109.125% of the principal amount thereof, plus accrued and unpaid interest and Additional Interest, if any, to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided that

 

(1)  at least 65% of the original aggregate principal amount of the Securities remains outstanding after each such redemption; and

 

(2)  the redemption occurs within 90 days after the closing of such Equity Offering.

 

6.  Mandatory Redemption

 

The Company will not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

 

7.  Notice of Redemption

 

Notice of redemption will be mailed by first class mail at least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at its registered address.  Securities in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000.  If money sufficient to pay the redemption price of and accrued interest on all Securities (or portions thereof) to be redeemed on the redemption date is deposited with the Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date interest ceases to accrue on such Securities (or such portions thereof) called for redemption.

 

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8.  Repurchase of Securities at the Option of Holders upon Change of Control

 

Upon a Change of Control, the Company will be required to make an offer, subject to certain conditions specified in the Indenture, to repurchase all the Securities of each Holder at a purchase price equal to 101% of the principal amount of Securities to be repurchased plus accrued and unpaid interest and Additional Interest, if any, to the date of purchase (subject to the right of Holders of record on the relevant record date to receive interest due on the interest payment date that is on or prior to the date of purchase) as provided in, and subject to the terms of, the Indenture.

 

9.  Denominations; Transfer; Exchange

 

The Securities are in registered form without coupons in denominations of $2,000 and whole multiples of $1,000 in excess thereof.  A Holder may transfer or exchange Securities in accordance with the Indenture.  Upon any transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes required by law or permitted by the Indenture.  The Registrar need not register the transfer of or exchange any Securities selected for redemption (except, in the case of a Security to be redeemed in part, the portion of the Security not to be redeemed) or to transfer or exchange any Securities for a period of 15 days prior to a selection of Securities to be redeemed or 15 days before an interest payment date.

 

10.  Persons Deemed Owners

 

The registered Holder of this Security may be treated as the owner of it for all purposes.

 

11.  Unclaimed Money

 

If money for the payment of principal, premium or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its written request unless an abandoned property law designates another Person.  After any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment.

 

12.  Discharge and Defeasance

 

Subject to certain conditions set forth in the Indenture, the Company at any time may terminate some of or all its obligations under the Securities and the Indenture if the Company deposits with the Trustee money or Government Securities for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

 

13.  Amendment, Waiver

 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended without notice to any Holder but with the written consent of the Holders of at least a majority in aggregate principal amount of the outstanding Securities and (ii) any default or noncompliance with any provision may be waived with the written consent of

 

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the Holders of at least a majority in aggregate principal amount of the outstanding Securities.  Subject to certain exceptions set forth in the Indenture, without the consent of any Holder of Securities, the Company and the Trustee may amend the Indenture or the Securities: (i) to cure any ambiguity, omission, defect or inconsistency; (ii) to comply with Article V of the Indenture; (iii) to provide for uncertificated Securities in addition to or in place of certificated Securities; (iv) to add additional Guarantees with respect to the Securities; (v) to secure the Securities; (vi) to add additional covenants of the Company or to surrender rights and powers conferred on the Company; (vii) to make any change that does not adversely affect the rights of any Holder; or (viii) to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA.

 

14.  Defaults and Remedies

 

If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding, subject to certain limitations, may declare all the Securities to be immediately due and payable.  Certain events of bankruptcy or insolvency are Events of Default and shall result in the Securities being immediately due and payable upon the occurrence of such Events of Default without any further act of the Trustee or any Holder.

 

Holders of Securities may not enforce the Indenture or the Securities except as provided in the Indenture.  The Trustee may refuse to enforce the Indenture or the Securities unless it receives reasonable indemnity or security.  Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities then outstanding may direct the Trustee in its exercise of any trust or power under the Indenture.  The Holders of a majority in aggregate principal amount of the Securities then outstanding, by written notice to the Company and the Trustee, may rescind any declaration of acceleration and its consequences if the rescission would not conflict with any judgment or decree, and if all existing Events of Default have been cured or waived except non-payment of principal or interest that has become due solely because of the acceleration.

 

15.  Trustee Dealings with the Company

 

Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

 

16.  No Recourse Against Others

 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation.  By accepting a Security, each Holder waives and releases all such liability.  The waiver and release are part of the consideration for the issue of the Securities.

 

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17.  Authentication

 

This Security shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of authentication on the other side of this Security.

 

18.  Abbreviations

 

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act).

 

19.  Governing Law

 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

20.  ISINs and CUSIP Numbers

 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused ISINs and/or CUSIP numbers to be printed on the Securities and has directed the Trustee to use ISINs and/or CUSIP numbers in notices of redemption as a convenience to Holders.  No representation is made as to the accuracy of such numbers either as printed on the Securities or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

 

A Holder of Securities may upon written request and without charge to the Holder receive a copy of the Indenture which has in it the text of this Security.  Requests may be made to:

 

Regal Entertainment Group

7132 Regal Lane

Knoxville, Tennessee 37918

Attention: General Counsel

(865) 922-1123

 

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ASSIGNMENT FORM

 

To assign this Security, fill in the form below: I or we assign and transfer this Security to

 

 

	
(Print or type assignee’s name, address and zip code)
    

 

 

	
(Insert assignee’s soc. sec. or tax I.D. No.)
    

 

and irrevocably appoint                                 agent to transfer this Security on the books of the Company.  The agent may substitute another to act for him.

 

	
Date:
    	
 
    	
 
    

 

	
Your Signature:
    	
 
    	
 
    

 

Sign exactly as your name appears on the other side of this Security.

 

	
Signature
   Guarantee:
    	
 
    	
 
    

 

 

Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee.

 

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[TO BE ATTACHED TO GLOBAL SECURITIES]

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

 

The initial principal amount of this Global Security is $                     . The following increases or decreases in this Global Security have been made:

 

	
Date of
   Exchange
    	
 
    	
Amount of
   decrease
   in Principal
   Amount
   of this Global
   Security
    	
 
    	
Amount of
   increase in
   Principal Amount
   of this Global
   Security
    	
 
    	
Principal
   amount
   of this Global
   Security
   following such
   decrease or
   increase
    	
 
    	
Signature of
   authorized 
   signatory
   of Trustee or
   Securities
   Custodian
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

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OPTION OF HOLDER TO ELECT PURCHASE

 

If you want to elect to have this Security purchased by the Company pursuant to Section 4.11 (Change of Control) of the Indenture, check the box:  o

 

If you want to elect to have only part of this Security purchased by the Company pursuant to Section 4.11 of the Indenture, state the amount:

 

$

 

	
Date:
    	
 
    	
 
    	
Your
    	
 
    
	
 
    	
 
    	
 
    	
Signature
    	
 
    

 

(Sign exactly as your name appears on the other side of the Security)

 

	
Signature
   Guarantee:
    	
 
    	
 
    

 

 

Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee.amarokexh4_1.htm

Exhibit 4.1

 

THE WARRANTS REPRESENTED HEREBY WILL BE VOID AND OF NO VALUE UNLESS EXERCISED BEFORE ________ (PACIFIC STANDARD TIME) ON ___________.

 

Amarok Resources, Inc

30021 Tomas Street

Suite 300

Rancho Santa Margarita, CA 92688

 

(Incorporated under the laws of Nevada)

 

	
WARRANT

CERTIFICATE

NO. ________

	
SERIES “____” SHARE PURCHASE WARRANTS                           

THIS IS TO CERTIFY THAT, for value received______________________  (hereinafter called the “holder”) is entitled to subscribe for and purchase _____________ fully paid and non-assessable Common Shares (the “Common Shares”) in the capital of Amarok Resources, Inc. (hereinafter called the “Company”) at any time prior to 4:00 p.m. (Pacific Standard Time) on ________________, at the price of USD $0.75 per share, subject, however, to the provisions and upon the terms and conditions hereinafter set forth.

 

The rights to acquire Common Shares, of the Company granted by this Warrant Certificate may be exercised by the holder, in whole or in part (but not as to a fractional Common Share), by:

 

	
  

	
(a)

	
completing in the manner indicated and executing the attached subscription form for that number of Common Shares to which the holder is entitled and desires to purchase;

 

	
  

	
(b)

	
surrendering this Warrant Certificate at the office of the Company at 30021 Tomas Street, Suite #300, Rancho Santa Margarita CA 92688; and

 

	
  

	
(c)

	
paying the appropriate subscription price of the number of Common Shares for which Warrants (as hereinafter defined) are then exercised by a certified cheque, bank draft or wire transfer payable to or to the order of the Company.

 

In the event of any exercise of the rights represented by this Warrant Certificate, certificates (the “Share Certificates”) for the Common Shares so purchased shall be delivered to the holder as soon as practicable after delivery of the subscription form, surrender of this Warrant Certificate and payment of the purchase price and, unless the Warrants have expired, a new Warrant Certificate (“New Warrant Certificate”) granting the right to acquire that number of Common Shares, if any, with respect to which the Warrants shall not then have been exercised shall also be issued to the holder at such time.

 

  

  

  

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If the rights represented by this Warrant Certificate are exercised the Share Certificates shall bear the following legend:

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED UNLESS, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER, THE TRANSFER QUALIFIES FOR AN EXEMPTION FROM OR EXEMPTION TO THE REGISTRATION PROVISIONS THEREOF”

 

The Company covenants and agrees that all Common Shares which may be issued upon the due exercise of the rights represented by this Warrant Certificate will, upon issuance, be fully paid and non-assessable.  The Company further covenants and agrees that during the period within which the rights represented by this Warrant Certificate may be exercised, the Company will at all times have authorized and reserved a sufficient number of Common Shares to provide for the exercise of the rights represented by this Warrant Certificate.

 

The following are the terms and conditions referred to in this Warrant Certificate:

 

	
1.

	
Upon the occurrence of one or more events involving the capital reorganization, reclassification, subdivision or consolidation of the capital stock of the Company, or the merger, amalgamation or other corporate combination of the Company with one or more other entities, or of any other events in which new securities of any nature are delivered in exchange for the issued Common Shares and such issued Common Shares are cancelled (“Fundamental Changes”), then at the time of any exercise of the Warrants taking place after such Fundamental Changes, and in lieu of issuing the Common Shares which, but for such Fundamental Changes and this provision, would have been issued upon such exercise, the Company or its successor shall issue instead such number of new securities as would have been delivered as a result of the Fundamental Changes in exchange for those Common Shares which the holder would have been entitled to receive upon such exercise if such exercise had occurred prior to the occurrence of the Fundamental Changes;

 

	
2.

	
In case at any time:

 

	
  

	
(a)

	
the Company shall pay any dividend payable in stock upon its Common Shares or make any distribution to the holders of its Common Shares;

 

	
  

	
(b)

	
the Company shall offer for subscription pro rata to the holders of its Common Shares any additional shares of stock of any class or other rights;

 

	
  

	
(c)

	
there shall be any capital reorganization, or reclassification of the capital stock of the Company, or consolidation or merger or amalgamation of the Company with, or sale of all or substantially all of its assets to, another corporation; or

 

	
  

	
(d)

	
there shall be a voluntary or involuntary dissolution, liquidation or winding-up of the Company;

 

 

  

  

  

3

 

 

then, and in any one or more of such cases, the Company shall give to the holder, at least twenty days' prior written notice of the date on which the books of the Company shall close or a record shall be taken for such dividend, distribution or pro rata offer, or for determining rights to vote with respect to such reorganization, reclassification, consolidation, merger, or amalgamation, dissolution, liquidation or winding-up and in the case of any such reorganization, reclassification, consolidation, merger, amalgamation, sale, dissolution, liquidation or winding-up, at least twenty days' prior written notice of the date when the same shall take place.  Each such notice shall be given by first class registered mail, registered postage prepaid, addressed to the holder at the address of the holder as shown on the books of the Company.

 

3.           Nothing contained herein shall confer on the holder any right to subscribe for or purchase shares in the capital of the Company at any time subsequent to 4:00 p.m. (Pacific Standard Time) on _______________________ and from and after such time, this Warrant and all rights hereunder shall be void and of no value.

 

4.           If this Warrant is stolen, lost, mutilated or destroyed the Company may, on such reasonable terms as to indemnity or otherwise as it may in its discretion impose, issue a replacement Warrant Certificate of like denomination, tenor and date as the Warrant Certificate so stolen, lost, mutilated or destroyed.

 

5.           The Warrants shall not entitle the holder to any rights as a shareholder of the Company, including without limitation, voting rights.

 

6.           Time shaft be of the essence.

 

7.           This Warrant Certificate shall be governed by and construed in accordance with the laws of the State of Nevada.

 

8.           This Warrant Certificate shall not be valid for any purpose whatever until it has been signed by the Corporation.

 

IN WITNESS WHEREOF the Company has caused this Warrant Certificate to be executed this____ day of __________ 2010.

 

	  	
Amarok Resources, Inc.

 

Per:   ____________________________________________________

 

 

 

 

 

  

  

  

  

SUBSCRIPTION FORM

 

To:     Amarok Resources, Inc.

 

The undersigned holder of the within Warrant Certificate hereby subscribes for                        common shares (“Common Shares”) in the capital of Amarok Resources, Inc. (the “Company”) referred to in the Warrant Certificate according to the conditions thereof and herewith makes payment of the purchase price for the said number of Common Shares.

 

Dated this           day of                                  , 20_____.

 

	 	  
	 	
(Signature of Holder)

 

 

 

INSTRUCTIONS FOR SUBSCRIPTION

 

The above form of subscription is to be signed by the holder named in the enclosed Warrant Certificate.  Signature to the subscription as signed by the registered holder must correspond in every particular with the name written upon the face of the Warrant Certificate.

 

Any signature may be by an agent or attorney if the authority of the agent or attorney to sign is proven to the satisfaction of the Company.

 

This form of subscription must be signed and accompanied by the Warrant Certificate and payment in United States funds of the subscription price specified in the within Warrant Certificate in cash or by certified cheque, bank draft or money order payable to the Company and must be surrendered at the office of the Company, 30021 Tomas Street Suite 300, Rancho Santa Margarita CA 92688 on or before 4:00 pm (Pacific Standard Time) on ______________________________, at which time the rights to subscribe will expire.

 

No fraction of warrants may be bought or sold.  Certificates for common shares subscribed for will be delivered as soon as practicable after subscription

 

Upon surrender and payment, the Company will issue to the person named in the subscription form the number of common shares subscribed for and such persons will be shareholders of the Company in respect of the common shares as at the date of surrender and payment. As soon as practicable after surrender and payment the Company will mail to such persons at the address or addresses specified in the subscription form a certificate or certificates evidencing the common shares subscribed for.  If the holder subscribes for a lesser number of common shares than the number of common shares referred to in this Warrant Certificate, the holder shall be entitled to receive a farther warrant in respect of common shares referred to in this Warrant Certificate, but not subscribed for.

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