Document:

exv4w4

Exhibit 4.4

SUBSCRIPTION AGENT AGREEMENT

          This SUBSCRIPTION AGENT AGREEMENT (this “Agreement”) is entered into as of ___ __, 2011 by and
between American Stock Transfer & Trust Company, LLC (the “Subscription Agent”) and Mace Security
International, Inc. (the “Company”).

	1.	 	The Company is offering to the holders of its common stock, par value $.01 per share (“Common
Stock”), on ______________ (the “Record Date”) one right (“Right”), per share of Common Stock
owned by the shareholder. Each Right will confer the shareholder the ability to subscribe for
three shares of Common Stock at the subscription price of $.__ per share (“Rights Offering”).
Except as set forth in Sections 9 and 10 below, Rights shall cease to be exercisable at 5:00
P.M., Eastern Standard time, on _________________ or such later date of which the Company
notifies the Subscription Agent orally and confirms in writing (the “Expiration Date”). _____
Rights are being issued for _____ shares of Common Stock held on the Record Date. One Right
and payment in full of the subscription price of $.__ per share (the “Subscription Price”) is
required to subscribe for three shares of Common Stock. Rights are evidenced by
non-transferable subscription certificates in registered form (“Subscription Certificates”).
Each holder of Subscription Certificate(s) who exercises the holder’s right to subscribe for
all shares of Common Stock that can be subscribed for with the Rights evidenced by such
Subscription Certificate(s) (the “Basic Subscription Right”) will have the right to subscribe
for additional shares of common stock, if any, available as a result of any unexercised Rights
(such additional subscription right being referred to hereafter as the “Additional
Subscription Privilege”). The Rights Offering will be conducted in the manner and upon the
terms set forth in the Company’s Prospectus dated _______________ (the “Prospectus”).
	 
	2.	 	The Subscription Agent is hereby appointed to affect the Rights Offering as set forth herein.
The Subscription Agent may rely on, and shall be protected in acting upon, any certificate,
instrument, opinion, representation, notice letter or other document delivered to it and
believed by it to be genuine and to have been signed by the proper party or parties.
	 
	3.	 	Enclosed herewith are the following, the receipt of which the Subscription Agent acknowledges
by its execution hereof:

	 	(a)	 	a copy of the Prospectus;
	 
	 	(b)	 	the form of Subscription Certificate (with instructions);
	 
	 	(c)	 	resolutions adopted by the board of directors of the Company in connection with
the Rights Offering, certified by the secretary of the Company; and

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	 	(d)	 	the notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).

	4.	 	As soon as is reasonably practical, the Subscription Agent shall mail or cause to be mailed
to each holder of Common Stock at the close of business on the Record Date a Subscription
Certificate evidencing the Rights to which such holder is entitled, the Notice of Guaranteed
Delivery, a Prospectus and an envelope addressed to the Subscription Agent. Prior to mailing,
the Company shall provide the Subscription Agent with blank Subscription Certificates which
the Subscription Agent shall prepare and issue in the names of holders of Common Stock of
record at the close of business on the Record Date and for the number of Rights to which they
are entitled. The Company shall also provide the Subscription Agent with a sufficient number
of copies of each of the documents to be mailed with the Subscription Certificates.
	 
	5.	 	Subscription Procedure.

	 	(a)	 	Upon the Subscription Agent’s receipt prior to 5:00 P.M., Eastern Standard
time, on the Expiration Date (by mail or delivery) of (ii) any Subscription Certificate
completed and endorsed for exercise, as provided on the reverse side of the
Subscription Certificate (except as provided in Section 9 hereof), and (ii) payment in
full of the Subscription Price in U.S. funds by check, bank draft or money order
payable at par (without deduction for bank service charges or otherwise) to the order
of “American Stock Transfer & Trust Company, LLC” the Subscription Agent shall as soon
as practicable after the Expiration Date, but after performing the procedures described
in subsections (b) through (e) below, mail to the subscriber’s registered address on
the books of the Company certificates representing the securities underlying each share
of Common Stock duly subscribed for (pursuant to the Subscription Right and the
Additional Subscription Privilege) and furnish a list of all such information to the
Company.
	 
	 	(b)	 	As soon as practicable after the Expiration Date, the Subscription Agent shall
calculate the number of shares of Common Stock to which each subscriber is entitled
pursuant to the Additional Subscription Privilege. The Additional Subscription
Privilege may only be exercised by holders who subscribe to all the Common Stock that
can be subscribed for under the Basic Subscription Right. The Common Stock available
for additional subscriptions will be those that have not been subscribed and paid for
pursuant to the Basic Subscription Right (the “Remaining Shares”). Where there are
sufficient Remaining Shares to satisfy all additional subscriptions by holders
exercising their rights under the Additional Subscription Privilege, each holder shall
be allotted the number of Additional Shares subscribed. If the aggregate number of shares of Common Stock subscribed for under the Additional Subscription Privilege
exceeds the number of Remaining Shares, the number of Remaining Shares allotted to each
participant in the Additional Subscription Privilege shall be the product (disregarding
fractions) obtained by multiplying the number of Remaining Shares by a fraction of
which the numerator is the number of shares subscribed for by that participant under
the

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	 	 	 	Additional Subscription Privilege and the denominator is the aggregate number of
Remaining Shares subscribed for by all participants under the Additional Subscription
Privilege. Any fractional share of Common Stock to which persons exercising their
Additional Subscription Privilege would otherwise be entitled pursuant to such
allocation shall be rounded to the next whole share.
	 
	 	(c)	 	Upon calculating the number of shares to which each subscriber is entitled
pursuant to the Additional Subscription Privilege and the amount overpaid, if any, by
each subscriber, the Subscription Agent shall, as soon as practicable, furnish a list
of all such information to the Company.
	 
	 	(d)	 	Upon receiving the list generated by the Subscription Agent in (c) above, the
Company may within ten (10) business days of receiving the list direct the Subscription
Agent not to full the Additional Subscription Privilege of any subscriber, in whole or
part, at the Company’s sole discretion. The Subscription Agent shall return the
subscription payment made by a subscriber relating to the portion of the Additional
Subscription Privilege of the subscriber that was rejected by the Company.
	 
	 	(e)	 	Upon calculating the number of shares to which each subscriber is entitled
pursuant to the Additional Subscription Privilege (and not rejected by the Company as
set forth in (d) above) and after payment for the additional shares subscribed for has
been delivered, the Subscription Agent shall mail, as contemplated in subsection (a)
above, the certificates representing the additional securities which the subscriber has
been allotted. If a lesser number of shares is allotted to a subscriber under the
Additional Subscription Privilege than the subscriber has tendered payment for, the
Subscription Agent shall remit the difference to the subscriber without interest or
deduction at the same time as certificates representing the securities allotted
pursuant to the Additional Subscription Privilege are mailed.
	 
	 	(f)	 	Funds received by the Subscription Agent pursuant to the Basic Subscription
Right and the Additional Subscription Privilege shall be held by it in a segregated
account. Upon mailing certificates representing the securities and refunding
subscribers for additional shares subscribed for but not allocated, if any, the
Subscription Agent shall promptly remit to the Company all funds received in payment of
the Subscription Price for Common Stock issued in the Rights Offering. The Subscription
Agent will not be obligated to calculate or pay interest to any holder or party.

	6.	 	Until 5:00 P.M., Eastern Standard time, on the third Business Day (as defined below) prior to
the Expiration Date, the Subscription Agent shall facilitate the processing of Subscription
Certificates in accordance with the instructions set forth on the reverse side of the
Subscription Certificates. As used in herein, “Business Day” shall mean any day other than (i)
a Saturday, or a Sunday, or (ii) a day on which banking institutions in the State of New York
are authorized or obligated by law or executive order to close or (iii) any day that the
OTCQBTM electronic quotation system is closed.

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	7.	 	The Company shall have the absolute right to reject any defective exercise of Rights or to
waive any defect in exercise. Unless requested to do so by the Company, the Subscription Agent
shall not be under any duty to give notification to holders of Subscription Certificates of
any defects or irregularities in subscriptions. Subscriptions will not be deemed to have been
made until any such defects or irregularities have been cured or waived within such time as
the Company shall determine. The Subscription Agent shall as soon as practicable return
Subscription Certificates with the defects or irregularities which have not been cured or
waived to the holder of the Rights. If any Subscription Certificate is alleged to have been
lost, stolen or destroyed, the Subscription Agent should follow the same procedures followed
for lost stock certificates representing Common Stock it uses in its capacity as transfer
agent for the Company’s Common Stock.
	 
	8.	 	If prior to 5:00 P.M., Eastern Standard time, on the Expiration Date the Subscription Agent
receives (i) payment in full of the Subscription Price for the shares of Common Stock being
subscribed for and (ii) a guarantee notice substantially in the form of the Notice of
Guaranteed Delivery delivered with the Subscription Certificate, from a financial institution
having an office or correspondent in the United States, or a member firm of any registered
United States national securities exchange or of FINRA stating the certificate number of the
Subscription Certificate relating to the Rights, the name and address of the exercising
subscriber, the number of Rights represented by the Subscription Certificate held by such
exercising subscriber, the number of shares being subscribed for pursuant to the Rights and
guaranteeing the delivery to the Subscription Agent of the Subscription Certificate evidencing
such Rights within three (3) Business Days following the date of the Notice of Guaranteed
Delivery, then the Rights may be exercised even though the Subscription Certificate was not
delivered to the Subscription Agent prior to 5:00 P.M., Eastern Standard time, on the
Expiration Date. The Subscription Agent shall not allow the exercise of any Rights where the
properly completed Subscription Certificate evidencing the Rights being exercised, with
signatures guaranteed, if required, is not received by the Subscription Agent within three
Business days of the date of the Notice of Guaranteed Delivery is received by the Subscription
Agent.
	 
	9.	 	The Subscription Agent shall deliver to the Company the exercised Subscription Certificates
in accordance with written directions received from the Company and shall deliver to the
subscribers who have duly exercised Rights at their registered addresses certificates
representing the securities subscribed for as instructed on the reverse side of the
Subscription Certificates.
	 
	10.	 	The Subscription Agent shall notify the Company by telephone on an before the close of
business on each Business Day during the period commencing five (5) Business Days after the
mailing of the Rights and ending at the Expiration Date (and in the case of guaranteed
deliveries ending three (3) Business Days after the Expiration Date) (a “daily notice”), which
notice shall thereafter be confirmed in writing, of:

          (i) the number of Rights exercised on the day covered by such daily notice;

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          (ii) the number of Rights subject to guaranteed exercises on the day covered by such
daily notice;

          (iii) the number of Rights for which defective exercises have been received on the day
covered by such daily notice; and

          (iv) the cumulative total of the information set forth in clauses (i) through (iii)
above.

	 	 	At or before 5:00 P.M., Eastern Standard time, on the first (1st) Business Day
following the Expiration Date the Subscription Agent shall certify in writing to the Company
the cumulative total through the Expiration Date of all the information set forth in clauses
(i) through (iii) above. At or before 10:00 A.M., Eastern Standard time, on the fifth
(5th) Business Day following the Expiration Date the Subscription Agent will
execute and deliver to the Company a certificate setting forth the number of Rights
exercised pursuant to the Notice of Guaranteed Delivery and as to which Subscription
Certificates have been timely received. The Subscription Agent shall also maintain and
update a listing of holders who have fully or partially exercised their Rights, and holders
who have not exercised their Rights. The Subscription Agent shall provide the Company or
its designees with such information compiled by the Subscription Agent pursuant to this
Section 10 as any of them shall request.
	 
	11.	 	With respect to notices or instructions to be provided by the Company hereunder, the
Subscription Agent may rely and act on any written instruction signed by any one or more of
the following authorized officers or employees of the Company:

	 	 	 	 	 

	 

	 	Name
	 	Title
	 

	 	Dennis Raefield
	 	Chief Executive Officer
	 

	 	Gregory Krzemien
	 	Chief Financial Officer

	12.	 	Whether or not the Rights Offering is consummated, the Company agrees to pay the Subscription
Agent for services rendered hereunder, as set forth in the schedule attached to this
Agreement.
	 
	13.	 	The Subscription Agent may employ or retain such agents (including but not limited to,
vendors, advisors and subcontractors) as it reasonably requires to perform its duties and
obligations hereunder; may pay reasonable remuneration for all services so performed by such
agents; shall not be responsible for any misconduct on the part of such agents; may rely on
the written advice or opinion of counsel, which shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted by the Subscription Agent
hereunder in good faith and in accordance with such advice or opinion. Additionally, the
Subscription Agent shall identify, report and deliver any unclaimed property and/or payments
to all states and jurisdictions for the Company in accordance with applicable abandoned
property law.
	 
	14.	 	The Company hereby covenants and agrees to indemnify, reimburse and hold the Subscription
Agent and its officers, directors, employees and agents harmless against any loss, liability
or reasonable expense (including legal and other fees and expenses)

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	 	 	incurred by the Subscription Agent arising out of or in connection with entering into this
Agreement or the performance of its duties hereunder, except for such losses, liabilities or
expenses incurred as a result of its gross negligence, bad faith or willful misconduct. The
Company shall not be liable under this indemnity with respect to any claim against the
Subscription Agent unless the Company is notified of the written assertion of a claim
against it, or of any action commenced against it, promptly after it shall have received any
such written information as to the nature and basis of the claim; provided, however, that
failure by the Subscription Agent to provide such notice shall not relieve the Company of
any liability hereunder if no prejudice occurs.
	 
	 	 	In no event shall the Subscription Agent have any liability for any incidental, special,
statutory, indirect or consequential damages, or for any loss of profits, revenue, data or
cost of cover.
	 
	 	 	All provisions regarding indemnification, liability and limits thereon shall survive the
resignation or removal of the Subscription Agent or the termination of this Agreement.
	 
	15.	 	Any notice or communication by the Subscription Agent or the Company to the other is duly
given if in writing and delivered in person or via first class mail (postage prepaid), or
overnight air courier to the other’s address.

If to the Company:

Gregory Krzemien

Mace Security International, Inc.

240 Gibraltar Road

Suite 220

Horsham, Pennsylvania 19044

If to the Subscription Agent:

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, New York 11219

Attn: Corporate Actions

Tel: (718) 921.8200

with copy to:

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, New York 11219

Attn: General Counsel

Tel: (718) 921.8200

	 	 	The Subscription Agent and the Company may, by notice to the other, designate

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	 	 	additional or different addresses for subsequent notices or communications.
	 
	16.	 	If any provision of this Agreement shall be held illegal, invalid, or unenforceable by any
court, this Agreement shall be construed and enforced as if such provision had not been
contained herein and shall be deemed an Agreement between us to the full extent permitted by
applicable law.
	 
	17.	 	This Agreement shall be governed by and construed in accordance with the laws of the State of
New York, without giving effect to principles of conflicts of law, and shall inure to the
benefit of and be binding upon the successors and permitted assigns of the parties hereto.
	 
	18.	 	Neither this Agreement, nor any rights or obligations hereunder, may be assigned by either
party without the written consent of the other party. However, the Subscription Agent may
assign this Agreement or any rights granted hereunder, in whole or in part, either to
affiliates, another division, subsidiaries or in connection with its reorganization or to
successors of all or a majority of the Subscription Agent’s assets or business without the
prior written consent of the Company.
	 
	19.	 	No provision of this Agreement may be amended, modified or waived, except in writing signed
by all of the parties hereto. This Agreement may be executed in counterparts, each of which
shall be for all purposes deemed an original, but all of which together shall constitute one
and the same instrument.
	 
	20.	 	Nothing herein contained shall amend, replace or supersede any agreement between the Company
and the Subscription Agent to act as the Company’s transfer agent, which agreement shall
remain of full force and effect.

[Signature Page Follows]

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          This Subscription Agent Agreement has been executed by the parties hereto as of the date first
written above.

	 	 	 	 	 	 	 

	 	 	MACE SECURITY INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Dennis Raefield
	 	 
	 

	 	 	 	Title: President and Chief Executive Officer	 	 

Agreed & Accepted:

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC

	 	 	 	 	 

	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

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Fee Schedule

Flat fee of $__________.

Plus reasonable out-of-pocket expenses.

Additional fee equal to 1/3rd (one-third) of the flat fee for each extension of the
Rights Offering, plus reasonable out-of-pocket expenses associated with such extension.

The party below is responsible for payment of the fees:

Name:

Attention:

Address:

Address:

Address:

Facsimile:

Phone:

Email:

The fees quoted in this schedule apply to services ordinarily rendered by American Stock
Transfer & Trust Company, LLC (“AST”) as subscription agent and are subject to reasonable adjustment based on final
review of documents, or when AST is called upon to undertake unusual duties or responsibilities, or
as changes in law, procedures, or the cost of doing business demand. Furthermore, the fees quoted
in this schedule are based upon information provided to AST and are subject to change upon
modification or supplementation of such information resulting in the provision of additional
services by AST. Services in addition to and not contemplated in this Agreement, including, but
not limited to, document amendments and revisions, calculations, notices and reports, legal fees
and unanticipated transaction costs (including charges for wire transfers, checks, internal
transfers and securities transactions) will be billed as extraordinary expenses.exv4w5

Exhibit 4.5

PRELIMINARY SUBSCRIPTION AGREEMENT

Mace Security International, Inc.

240 Gibraltar Road, Suite 220

Horsham, Pennsylvania 19440

Attention: Gregory Krzemien

Ladies and Gentlemen:

I hereby subscribe to purchase the number of shares of Common Stock (the “Shares”) of Mace
Security International, Inc. (the “Company”) indicated below. I have received a copy of the
Company’s prospectus, dated [ ], 2011. I understand that my purchase of the Company’s stock
involves significant risk, as described under “Risk Factors” in the prospectus. I also understand
that no federal or state agency has made any finding or determination regarding the fairness of
the Company’s offering of the shares, the accuracy or adequacy of the prospectus, or any
recommendation or endorsement concerning an investment in the shares.

I am not sending the purchase price for the Shares I wish to buy at this time. After I receive the
prospectus supplement announcing the results of the Company’s rights offering to its shareholders,
if I still wish to purchase Shares, I will send the Company an acknowledgment of subscription and
a check in the amount of $[ ] multiplied by the number of Shares I wish to buy. My check
will be made payable to “American Stock Transfer & Trust
Company, LLC”

WHEN THE COMPANY RECEIVES MY ACKNOWLEDGMENT OF SUBSCRIPTION AND MY CHECK, THIS SUBSCRIPTION
AGREEMENT WILL BECOME FINAL AND BINDING AND WILL BE IRREVOCABLE UNTIL THE OFFERING IS CLOSED.

NUMBER OF
SHARES ____________________

TOTAL SUBSCRIPTION PRICE (AT $[ ] PER SHARE): $____________________

( DO NOT SEND THE PURCHASE PRICE FOR YOUR SHARES AT THIS TIME)

PLEASE PRINT OR TYPE EXACT NAME(S) IN WHICH UNDERSIGNED DESIRES SHARES TO BE REGISTERED:

_________________________

TYPE OF ENTITY, IF NOT A PERSON:_________________________*

SOCIAL SECURITY OR FEDERAL TAXPAYER IDENTIFICATION NO. __________________

 

			
	*	 	When signing as attorney, trustee, administrator, or guardian, please give your full title as
such. If a corporation or other entity, please sign in full corporate name by president or other
authorized officer. In case of joint tenants, each joint owner must sign.

SUBSTITUTE W-9

Under penalty of perjury, I certify that: (1) the Social Security number or Taxpayer Identification
Number given above is correct; and (2) I am not subject to backup withholding.

INSTRUCTION: YOU MUST CROSS OUT (2) ABOVE IF YOU HAVE BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE
THAT YOU ARE SUBJECT TO BACKUP WITHHOLDING BECAUSE OF UNDERREPORTING INTEREST OR DIVIDENDS ON YOUR
TAX RETURN.

	 	 	 	 	 	 	 

	 

Dated

	 	 
	 	 

Address
	 	 
	 
	 	 	 	 	 	 
	 

Area Code And Telephone No.

	 	 
	 	 

Signature(s)
	 	 

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TO BE COMPLETED BY THE COMPANY

Accepted as of           ,2011, as to          shares.

MACE SECURITY INTERNATIONAL, INC.

	 	 	 	 	 

	By:
	 	 	 	 
	 

	 	 

Print Name: Gregory Krzemien
	 	 
	 

	 	Title: Chief Financial Officer	 	 

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