Document:

zmtp_ex42.htm

EXHIBIT  4.2

 

THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS DATED NOVEMBER 19, 2010 (THE “PROSPECTUS”) AND ARE INCORPORATED HEREIN BY REFERENCE.  COPIES OF THE PROSPECTUS ARE AVAILABLE FROM STOCKTRANS INC. THE INFORMATION AGENT BY CALLING  TOLL FREE 800-733-1121.

ZOOM TELEPHONICS, INC.

Incorporated under the laws of the State of Delaware

NON – TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE

Evidencing Non–transferable Subscription Rights to Purchase Shares of Common Stock,

Par Value $0.01 Per Share, of Zoom Telephonics, Inc. at a Subscription Price of $0.25 per Share

THE SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE 5:00 PM NEW YORK CITY TIME ON DECEMBER 17, 2010 UNLESS EXTENDED BY THE COMPANY.

THIS CERTIFIES THAT the registered owner whose name is inscribed hereon is the owner of the number of non-transferable subscription rights (“Rights”) set forth above. Each whole Right entitles the holder thereof to subscribe for and purchase one share of Common Stock, with a par value of $0.01 per share, of Zoom Telephonics, Inc., a Delaware corporation, (the “Company”), at a subscription price of 0.25 per share (the “Basic Subscription Privilege”), pursuant to a rights offering (the “Rights Offering”), on the terms and subject to the conditions set forth in the Prospectus. If any shares of Common Stock available for purchase in the Rights Offering are not purchased by other holders of Rights pursuant to the exercise of their Basic Subscription Privilege (the “Excess Shares”), any Rights holder that exercises its Basic Subscription Privilege in full may subscribe for a number of Excess Shares consistent with the terms and conditions of the Rights Offering, as described in the Prospectus (the “Oversubscription Rights”).

 

The Rights represented by this Subscription Rights Certificate may be exercised by completing the form below and by returning the full payment for each share of purchased Common Stock in accordance with the instructions contained herein.  You should receive your share certificates within one week of the expiration date of this rights offering, which expires December 17, 2010 unless there is an extension, which is unlikely but possible.  Shares issued upon exercise of the subscription rights may be sold, along with the Company's outstanding shares of common stock, on the over-the-counter market.

 

The Company is not offering, selling, or soliciting any purchase of shares in any state or other jurisdiction in which the rights offering is not permitted.

 

The Company’s ability to utilize its net operating loss carry forwards (NOLs) against future taxable income, if any, would be substantially limited if it were to undergo an ownership change within the meaning of Section 382 of the Internal Revenue Code.  The Company has the right, in its sole and absolute discretion, to limit the exercise of Oversubscription Rights, including instructing the subscription agent to refuse to honor any exercise of Oversubscription Rights, by 5% shareholders or a subscriber to the extent its exercise of Rights might, in the Company’s sole and absolute discretion, result in a subscriber owning 5% or more of the Company’s Common Stock.

_____________________________________________                                                                                                           Dated November 19, 2010

Frank Manning

President and Chief Executive Officer

PLEASE COMPLETE, SIGN, AND DELIVER THE FOLLOWING

BOX 1.  o     Please do not exercise my Subscription Rights for shares of Common Stock.

                       (If you check this box, please skip to the Signature section on the other side of this page.)

BOX 2.  o     Please exercise Subscription Rights and purchase shares of the Common Stock as set forth on the other side of this page.

(Please continue on the other side of this page.)

 

  

1

  

 

	 	
NUMBER OF SHARES YOU’D 

LIKE TO BUY

	 	PAYMENT	 
	 	 	 	 	 
	Shares purchased with Basic Subscription Rights*	 ____________	x $.25/share  =	$___________  	(line 1)
	 	 	 	 	 
	Shares requested for Oversubscription Rights Purchase**	 ____________ 	x $.25/share  =	$___________ 	(line 2)
	 	 	 	 	 
	 	
TOTAL PAYMENT REQUIRED =

(sum of line 1 and line 2)

	$___________	 

                                                                                                                                                 

* Shares purchased with Basic Subscription Rights may not be more than 4 times the number of shares you owned at 5:00 p.m. Eastern on the record date, November 10, 2010.  In addition, the Company may refuse any subscription, in its sole and absolute discretion, which would result in the subscriber owning 99,000 shares or more of the Company’s common stock, to avoid limitations on the availability of the Company’s net operating loss carry forwards.

I (we) owned, either directly or indirectly, this many shares at 5:00 p.m. EasternTime on November 10, 2010:  ___________

** Shareholders must fully exercise their Basic Subscription Rights to be eligible for Oversubscription Rights purchase.  If you fully exercise your Basic Subscription Right, shares requested for Oversubscription Rights Purchase can be from zero to whatever number you'd like, subject to the limitations described in the rights offering prospectus.

 

	
BOX 3a. o

	
I certify that the purchase of shares of Common Stock pursuant to the Subscription  Rights (basic or oversubscription) will not result in my (our) owning either directly or indirectly, of record or beneficially, more than 99,000 shares of Common Stock.

 

OR

 

	
BOX 3b. o

	
The purchase of shares pursuant to the Subscription Rights (whether basic or oversubscription) would result in my (our) owning, either directly or indirectly, of record or beneficially, more than 99,000 shares of Common Stock.

 

	
BOX 4a. o

	

Payment in the following amount is enclosed: $ ____________

(This amount must equal the amount shown in “Total payment required” of Box 2 above and be a cashier’s or certified check drawn on a U.S. bank payable to “StockTrans, Inc. as Subscription Agent for Zoom Telephonics”)

 

OR

 

	
BOX 4b. o

	
Please wire the total amount of Box 2 above to FirsTrust Bank, Conshohocken, PA, ABA No. 236073801, Account No: 701313629 for the benefit of “StockTrans Subscription for Zoom Telephonics”, referencing the rights holder’ name as the wire’s issuer.

____________________________________   ______________________________________    _________________

SIGNATURE                                                               NAME (Please type or print)                                           DATE

 

	Please send the shares to this name and address:	
____________________________________________________

	 	
____________________________________________________

	 	
____________________________________________________

VALID DELIVERY REQUIRES YOU TO DELIVER THIS FORM AND PAYMENT, IF ANY,

BY HAND, MAIL, OR OVERNIGHT COURIER TO:

StockTrans Subscription Dept., 44 West Lancaster Avenue, Ardmore, PA 19003

IF YOU SPECIFY THAT SHARES BE SENT TO SOMEONE OTHER THAN YOURSELF, PLEASE HAVE YOUR ABOVE SIGNATURE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANK, STOCK BROKER, SAVINGS & LOAN ASSOCIATION OR CREDIT UNION) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM PURSUANT TO SECURITIES AND EXCHANGE COMMISSION RULE 17AD-15.

SIGNATURE GUARANTEE

 

 

By:_______________________        ____________________________      _______________________________________

      Name of Bank or Firm                        Signature                                                      Name and title

 

 

2zmtp_ex44.htm

EXHIBIT 4.4

 

NOTICE OF GUARANTEED DELIVERY

for

SUBSCRIPTION CERTIFICATES

Issued by

ZOOM TELEPHONICS, INC.

 

This form must be used to exercise subscription rights pursuant to the rights offering described in the prospectus dated November 19, 2010 (the “Prospectus”), of ZOOM TELEPHONICS, INC., a Delaware corporation (the “Company”), if a holder of subscription rights cannot deliver the Subscription Certificate(s) evidencing the subscription rights (the “Subscription Certificate(s)”) to the subscription agent listed below (the “Subscription Agent”) at or prior to 5:00 p.m., New York City time, on December 17, 2010 (as it may be extended or earlier terminated, the “Expiration Date”). The Notice of Guaranteed Delivery must be sent by overnight courier or mail to the Subscription Agent, and must be received by the Subscription Agent on or prior to 5:00 p.m., New York City time on the Expiration Date. See “Rights Offering—Guaranteed Delivery Procedures” in the Prospectus. Payment of $0.25 per share for each share of the Company’s common stock, par value $0.01 per share (the “Common Stock”) subscribed for upon exercise of such subscription rights (the “Subscription Price”) must be received by the Subscription Agent in the manner specified in the Prospectus at or prior to 5:00 p.m., New York City time, on the Expiration Date, even if the Subscription Certificate evidencing such subscription rights is being delivered pursuant to the procedure for guaranteed delivery thereof. The Subscription Certificate evidencing such subscription rights must be received by the Subscription Agent within three (3) business days after the date of execution of this Notice of Guaranteed Delivery.  The Subscription Agent is StockTrans, Inc.

 

If delivering by Hand/Mail/Overnight Courier:

StockTrans, Inc., a Broadridge Company

44 West Lancaster Avenue

Attn: Subscription Dept.

Ardmore, PA 19003

Fax: 610-649-7302

 

Delivery of this instrument to an address other than as set forth above does not constitute a valid delivery.

 

This form is not to be used to guarantee signatures. If a signature on a Subscription Certificate is required to be guaranteed by an Eligible Institution, as defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended, due to special issuance or delivery instructions, such signature guarantee must appear in the applicable space provided in the signature box of the Subscription Certificate.

 

 

Ladies and Gentlemen:

 

The undersigned hereby represents that the undersigned is the holder of one or more Subscription Certificates representing                      subscription rights and that such Subscription Certificate(s) cannot be delivered to the Subscription Agent at or before 5:00 p.m., New York City time, on the Expiration Date. Upon the terms and subject to the conditions set forth in the Prospectus, receipt of which is hereby acknowledged, the undersigned hereby elects to exercise (i) the basic subscription rights to subscribe for                      shares of Common Stock with respect to the subscription rights represented by such Subscription Certificate(s) and (ii) the oversubscription rights relating to such subscription rights, to the extent that shares of Common Stock that are not otherwise purchased pursuant to the exercise of basic subscription rights (the “Excess Shares”) are available therefore, for an aggregate of up to                      Excess Shares, subject to availability and proration as described in the Prospectus and subject to the maximum number of shares for which holders can oversubscribe without endangering the availability of the Company’s net operating loss carry forwards (“NOLs”) under Section 382 of the Internal Revenue Code.

 

The undersigned understands that payment of the Subscription Price for each share of Common Stock subscribed for pursuant to the basic subscription rights and the oversubscription rights must be received by the Subscription Agent at or before 5:00 p.m., New York City time, on the Expiration Date and represents that such payment, in the aggregate amount of $_____________, either (check appropriate box):

 

	
 ̈

	
is being delivered to the Subscription Agent herewith; or

 

	
 ̈

	
has been delivered separately to the Subscription Agent; and is or was delivered in the manner set forth below (check appropriate box and complete information relating thereto):

 

  

1

  

 

	
 ̈

	
bank draft payable to the Subscription Agent, drawn against a U.S. bank;

OR

	
 ̈

	
postal, telegraphic or express money order payable to the Subscription Agent.

 

	
Please type or print the following:

	 
	 	 
	
Name(s) of Shareholder(s):

	____________________________________________________________
	 	 
	
Address(es):

	____________________________________________________________
	  	 
	  	____________________________________________________________
	 	 
	 	____________________________________________________________
	 	 
	
Telephone(s):

	____________________________________________________________
	
(including area code)

	 
	 	 
	
Signature(s):

	____________________________________________________________

 

 

THE GUARANTEE SET FORTH BELOW MUST BE COMPLETED

GUARANTEE OF DELIVERY

(not to be used for Subscription Certificate signature guarantee)

 

The undersigned, a member firm of a registered national securities exchange or member of the National Association of Securities Dealers, Inc., commercial bank or trust company having an office or correspondent in the United States, or other eligible guarantor institution which is a member of or a participant in a signature guarantee program acceptable to the Subscription Agent, hereby guarantees that within three business after the date set forth below, the undersigned will deliver to StockTrans, Inc. (the “Subscription Agent”) the Subscription Certificates representing the subscription rights being exercised hereby, with any required signature guarantees and any other required documents.

 

	____________________________________________________________	 	____________________________________________________________
	Name of Firm	 	
Authorized Signature

	____________________________________________________________	 	____________________________________________________________
	Address	 	Name
	____________________________________________________________	 	____________________________________________________________
	City, State, Zip Code	 	 Title
	____________________________________________________________	 	____________________________________________________________
	Area Code and Telephone Number	 	 
	 	 	 
	Date:___________________________________________	 	 

 

The institution which completes this form must communicate the guarantee to the Subscription Agent and must deliver the Subscription Certificates to the Subscription Agent within the time period shown herein. Failure to do so could result in a financial loss to such institution.

 

 

 

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