EXHIBIT 4.22
NINTH EXTENSION AGREEMENT
NINTH EXTENSION AGREEMENT, dated as of December 31, 1995, by and between
VITAFORT INTERNATIONAL CORPORATION, a Delaware corporation, and CONTINENTAL
STOCK TRANSFER & TRUST COMPANY.
WHEREAS, the parties hereto are the parties to a Warrant Agency Agreement
(the Warrant Agency Agreement"), dated as of December 19, 1989, as amended by an
Extension Agreement (the "Extension Agreement"), dated as of December 18, 1992,
as further amended by a Second Extension Agreement (the "Second Extension
Agreement"), dated as of December 18, 1994, as further amended by a Third
Extension Agreement, dated as of January 18, 1995 (the "Third Extension
Agreement"), as further amended by a Fourth Extension Agreement, dated as of
April 3, 1995 (the "Fourth Extension Agreement"), as further extended by a Fifth
Extension Agreement, dated as of May 3, 1995 (the "Fifth Extension Agreement"),
as further extended by a Sixth Extension Agreement, dated as of June 15, 1995,
as further extended by a Seventh Extension Agreement, dated as of July 17, 1995
(the "Seventh Extension Agreement), and as further extended by an Eighth
Extension Agreement, dated as of August 16, 1995 (the "Eighth Extension
Agreement") (the Warrant Agency Agreement, the Extension Agreement, the Second
Extension Agreement, the Third Extension Agreement, the Fourth Extension
Agreement, the Fifth Extension Agreement, the Sixth Extension Agreement, the
Seventh Extension Agreement and the Eighth Extension Agreement are collectively
referred to as the "Amended Warrant Agency Agreement") and now desire to further
amend the same;
NOW, THEREFORE, it is agreed as follows:
1. All defined terms shall have the meaning given them in the Amended
Warrant Agency Agreement unless otherwise defined herein.
2. Section 5 of the Warrant Agency Agreement is amended to provide that
the period during which the Warrants may be exercised shall expire at 5:00 P.M.
New York City Time on April 30, 1996. The period from January 1, 1996 to April
30, 1996 shall be referred to as the Ninth Extension Period. The Warrant Agent
is authorized to affix a stamp to certificates for the Warrants indicating the
Ninth Extension Period.
3. The Warrant Price during the Ninth Extension Period shall be $2.375,
subject to adjustment as set forth in Section 4 of the Extension Agreement.
4. This Ninth Extension Agreement may only be changed by an instrument in
writing executed by the parties hereto. This Ninth Extension Agreement shall be
governed by the laws of the State of New York as they are applied to contracts
to be performed entirely within the State of New York.
5. Except as specifically amended hereby the Amended Warrant Agency
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals as of
the day and year first above written.
VITAFORT INTERNATIONAL CORPORATION
By: /s/ Xxxx Xxxxxxx
--------------------------
Xxxx Xxxxxxx, President and Chief
Executive Officer
CONTINENTAL STOCK TRANSFER & TRUST COMPANY
By: /s/ Xxxxxx Xxxxxx
--------------------------
Xxxxxx Xxxxxx, Chairman
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