Document:

exv4w1w4

 

Exhibit 4.1.4

IDLEAIRE TECHNOLOGIES CORPORATION

WARRANT TO PURCHASE COMMON STOCK

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND HAVE BEEN
ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
THEREOF. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. COPIES OF THE AGREEMENT
COVERING THE PURCHASE OF THESE SECURITIES AND RESTRICTING THEIR TRANSFER MAY BE OBTAINED AT NO COST
BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE
CORPORATION AT ITS PRINCIPAL OFFICE.

Warrant to Purchase

Up to 20,000 Shares of Common Stock

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

IDLEAIRE TECHNOLOGIES CORPORATION

     THIS WARRANT has been issued in consideration, the receipt and sufficiency of which are
acknowledged hereby, for the services to be performed as a Company Director by Lana Batts (the
“Holder”) for IDLEAIRE TECHNOLOGIES CORPORATION (the “Company”).

     THIS WARRANT, subject to the provisions hereof, evidences the right of the Holder, for value
received, to purchase up to a maximum of 20,000 shares of Common Stock, $.001 par value per share,
of the Company (the “Shares”) at a price of $2.00 per share (the “Warrant Price”), subject to the
terms and conditions hereinafter set forth. This Warrant is subject to the terms, conditions and
rights contained in this instrument, to which the Holder by acceptance hereof consents and the
Company accepts and affirms.

     1. Term of Warrant. This Warrant may be exercised only after May 23, 2001, but must
be exercised before the Company completes an initial public offering or before May 23,

 

 

2003, whichever occurs first (the “Warrant Term”), and may be exercised only in accordance with the
terms and conditions hereinafter set forth.

     2. Exercise of Warrant.

          a. Right to Exercise. Subject to the provisions of subparagraph 2.c. hereof, this
Warrant shall be exercisable from time to time during the Warrant Term.

          b. Method of Exercise; Payment, Issuance of New Warrant, Transfer and Exchange. This
Warrant may be exercised by the Holder in whole or in part, but not into less than 10,000 Shares at
any one time, by the actual delivery of a duly executed exercise form, a copy of which is attached
to this Warrant as Exhibit A, properly executed by the registered owner of this Warrant, by
the surrender of this Warrant, properly endorsed (if the exercise is for less than all Shares the
Holder is entitled to receive under this Warrant, the partial exercise of this Warrant shall be
noted on the face hereof and this Warrant shall be returned to the Holder until the Holder has
exercised his right to purchase all shares he is entitled to receive under this Warrant, at which
time this Warrant shall be surrendered), and by the payment to the Company by certified or
cashier’s check of the then applicable Warrant Price at the principal office of the Company. In
the event of any exercise of the Warrant, a certificate for the Shares so purchased shall be
delivered to the Holder within a reasonable time after the Warrant shall have been so exercised.

          c. Restrictions on Exercise. Notwithstanding the provisions of subparagraph 2.a. of
this Warrant, the Warrant may not be exercised if the issuance of the Shares upon such exercise
would constitute a violation of any applicable federal or state securities laws or other laws or
regulations. As a condition to the exercise of the Warrant, the Company may require the

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Holder to make such representations and warranties to the Company as may be required by applicable
law or regulation.

     3. Stock Fully Paid: Reservations of Shares. The Company covenants and agrees that
any and all Shares will, upon issuance and payment in accordance herewith, be fully paid, validly
issued and nonassessable. The Company further covenants and agrees that during the Warrant Term
the Company will at all times have authorized, and reserved for issuance upon exercise of the
Warrant, at least the maximum number of Shares as are issuable upon the exercise of the Warrant.

     4. Fractional Shares. No fractional shares will be issued in connection with any
subscription hereunder but, in lieu of such fractional Shares, the Company shall make a cash
payment for any fraction of a share equal to the same fraction of the then current fair market
value.

     5. Non-Transferability of Warrant.

          a. This Warrant may not be sold, pledged, assigned, hypothecated, gifted, transferred or
disposed of in any manner, in whole or in part.

          b. If the Holder dies before exercising all of his rights under this Warrant, then the
Executor or Administrator of his estate shall have ninety (90) days after Holder’s estate is opened
for probate, or one hundred twenty (120) days after Holder’s death if it is determined that no
probate of Holder’s estate will take place, in which to exercise any remaining rights existing
under this Warrant on behalf of Holder’s estate.

     6. No Rights as Shareholder. The Holder, as such, shall not be entitled to vote or
receive dividends or be considered a stockholder of the Company for any purpose, nor shall anything
in this Warrant be construed to confer on the Holder, as such, any rights of a

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stockholder of the Company or any right to vote, give or withhold consent to any corporate action,
to receive notice of meetings of stockholders, to receive dividends or subscription rights or
otherwise.

     7. Definitions. As used in this Warrant:

          a. Warrant shall mean the rights evidenced by this instrument.

     8. Notices. Any and all notices, designations, consents, offers, acceptances or any
other communications provided for herein shall be given in writing by registered or certified mail
or via a nationally recognized overnight courier service to the parties at their respective address
listed below. Each such notice shall be deemed given three (3) business days after it is deposited
in any post office or branch post office regularly maintained by the United States Government or
one (1) business day after it is forwarded to a recognized overnight carrier, whichever is
applicable, except for a change of address notice, which shall be effective upon receipt.

Holder:

Lana Batts

 

 

 

Corporation:

IdleAire Technologies Corporation

900 S. Gay Street Suite 300

Knoxville, Tennessee 37902

Attention: David Everhart, CEO

     9. Waiver. No delay or failure by any party to exercise any right under this Warrant,
and no partial or single exercise of that right shall constitute a waiver of its future performance
or that of any other right, unless expressly provided herein.

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     10. Entire Agreement. This Warrant and the exhibits attached hereto embody the entire
agreement and understanding of the parties with respect to the subject matter hereof and supersede
all prior written or oral commitments, arrangements or understandings with respect thereto. There
are no restrictions, agreements, promises, warranties, covenants or undertakings with respect to
the subject matter hereof other than those expressly set forth in this Warrant and the exhibits
attached hereto, which are incorporated herein by reference as if copied herein verbatim.

     11. Headings. Headings in this Warrant are for convenience only and shall not be used
to interpret or construe the provisions of this Warrant.

     12. Invalidity. The invalidity or unenforceability of any provision of this Warrant
shall not affect the other provisions, and this Warrant shall be construed in all respects as if
any invalid or unenforceable provisions were omitted. If any provision of this Warrant is held to
be invalid or unenforceable with respect to particular circumstances or in any one jurisdiction, it
shall nevertheless remain in full force and effect in all other circumstances and jurisdictions.

     13. Amendment. No change or modification of this Warrant shall be valid unless the
same is in writing and signed by all the parties hereto.

     14. Benefit and Agreement to be Bound. This Warrant shall operate to the benefit of
and shall be binding not only upon the parties hereto but also upon their heirs, personal
representatives, successors and assigns; and the parties hereto agree for themselves and their
heirs, personal representatives, successors and assigns to execute any instruments in writing which
may be reasonably necessary or proper in carrying out the purposes of this Warrant.

     15. Governing Law. This Warrant shall be governed by and construed in accordance with
the laws of the State of Tennessee.

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     16. Construction. Where appropriate in this Warrant, words used in the singular shall
include the plural, and vice versa, and words used either in the masculine, feminine or neuter
shall include the other two genders.

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     IN WITNESS WHEREOF, the parties have signed this Warrant this 23rd day of May, 2001.

	 	 	 	 	 
	 	 	HOLDER:
	 
	 	 	 	 
	 	 	  /s/ Lana Batts
	 	 	 
	 
	 	 	 	 
	 	 	COMPANY:
	 
	 	 	 	 
	 	 	IDLEAIRE TECHNOLOGIES CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	  /s/ David Everhart
	 

	 	 	 	 
	 	 	David Everhart, CEO

ATTEST:

	 	 	 
	/s/ Michael C. Crabtree for

	 	 
	 	 	 
	Thomas Badgett, Secretary
	 	 

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Exhibit 4.1.4a

AMENDMENT TO

WARRANT TO PURCHASE COMMON STOCK

     THIS AMENDMENT amends that certain Warrant to Purchase Common Stock (“Warrant”) dated May 23,
2001 by and between IdleAire Technologies Corporation (“IdleAire”) and Lana Batts (“Batts”).

     The Warrant is amended by changing the expiration date of the Warrant to May 23, 2004.

     No further amendments to the Warrant are made by this Amendment.

	 	 	 	 	 
	 	 	IDLEAIRE TECHNOLOGIES CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Michael C. Crabtree
	 

	 	 	 	 
	 

	 	 	 	   Michael C. Crabtree
	 

	 	 	 	   President and CEO
	 
	 	 	 	 
	 	 	/s/ Lana Batts
	 	 	 
	 	 	Lana Batts

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