Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 1.08M
2: EX-4.1 Covertible Promissory Note HTML 55K
3: EX-4.2 Warrant No. HTML 52K
4: EX-21.1 Subsidiaries List HTML 27K
5: EX-31.1 Certification -- §302 - SOA'02 HTML 32K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 32K
7: EX-32 Certification -- §906 - SOA'02 HTML 29K
66: R1 Document and Entity Information HTML 54K
53: R2 Consolidated Balance Sheets HTML 212K
64: R3 Consolidated Balance Sheets (Parenthetical) HTML 79K
68: R4 Consolidated Statements of Operations and HTML 163K
Comprehensive Loss
87: R5 Consolidated Statement of Stockholders' Equity HTML 136K
55: R6 Consolidated Statements of Cash Flows HTML 218K
63: R7 1. Nature of Operations HTML 28K
48: R8 2. Summary of Significant Accounting Policies HTML 77K
38: R9 3. Accounts Receivable HTML 34K
88: R10 4. Costs and Estimated Earnings on Uncompleted HTML 37K
Contracts
70: R11 5. Inventory HTML 31K
69: R12 6. Prepaid Expenses and Other Current Assets HTML 33K
75: R13 7. Property and Equipment HTML 39K
76: R14 8. Business Combinations HTML 78K
73: R15 9. Goodwill and Intangible Assets, Net HTML 48K
77: R16 10. Other Assets HTML 29K
65: R17 11. Accrued Liabilities HTML 34K
67: R18 12. Related Party Payables HTML 27K
72: R19 13. Other Noncurrent Liabilities HTML 29K
97: R20 14. Income Taxes HTML 65K
83: R21 15. Debt HTML 59K
59: R22 16. Mandatorily Redeemable Non-Convertible HTML 32K
Cummulative Preferred Stock
71: R23 17. Stockholders' Equity HTML 64K
61: R24 18. Commitments and Contingencies HTML 36K
29: R25 19. Segment Information HTML 73K
84: R26 20. Subsequent Events HTML 31K
92: R27 2. Summary of Significant Accounting Policies HTML 143K
(Policies)
43: R28 2. Summary of Significant Accounting Policies HTML 39K
(Tables)
42: R29 3. Accounts Receivable (Tables) HTML 33K
46: R30 4. Costs and Estimated Earnings on Uncompleted HTML 37K
Contracts (Tables)
47: R31 5. Inventory (Tables) HTML 30K
49: R32 6. Prepaid Expenses and Other Current Assets HTML 33K
(Tables)
22: R33 7. Property and Equipment (Tables) HTML 35K
81: R34 8. Business Combinations (Tables) HTML 53K
57: R35 9. Goodwill and Intangible Assets (Tables) HTML 45K
60: R36 10. Other Assets (Tables) HTML 29K
33: R37 11. Accrued Liabilities (Tables) HTML 32K
96: R38 13. Other Noncurrent Liabilities (Tables) HTML 28K
14: R39 14. Income Taxes (Tables) HTML 68K
50: R40 15. Debt (Tables) HTML 46K
86: R41 17. Stockholders' Equity (Tables) HTML 37K
31: R42 18. Commitments and Contingencies (Tables) HTML 29K
41: R43 19. Segment Information (Tables) HTML 59K
45: R44 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 32K
Fair value (Details)
54: R45 2. Summary of Significant Accounting Policies HTML 31K
(Details)
21: R46 2. Summary of Significant Accounting Policies HTML 34K
(Details Narrative)
37: R47 3. Accounts Receivable (Details) HTML 47K
16: R48 5. Inventory (Details) HTML 39K
85: R49 6. Prepaid Expenses and Other Current Assets HTML 48K
(Details)
30: R50 7. Property, Plant and Equipment (Details) HTML 67K
82: R51 7. Property, Plant and Equipment (Details HTML 27K
Narrative)
34: R52 8. Business Combinations (Details) HTML 48K
51: R53 8. Business Combinations (Details 1) HTML 88K
15: R54 8. Business Combinations (Details 2) HTML 94K
19: R55 8. Business Combinations (Details Narrative) HTML 42K
44: R56 9. Goodwill and Intangible Assets, Net (Details) HTML 35K
25: R57 9. Goodwill and Intangible Assets, Net (Details 1) HTML 81K
90: R58 9. Goodwill and Intangible Assets, Net (Details 2) HTML 43K
56: R59 10. Other Assets (Details) HTML 35K
74: R60 11. Accrued Liabilities (Details) HTML 52K
36: R61 12. Related Party Payables (Details) HTML 29K
39: R62 13. Other Noncurrent Liabilities (Details) HTML 33K
80: R63 14. Income Taxes (Details) HTML 77K
78: R64 14. Income Taxes (Details 1) HTML 62K
58: R65 14. Income Taxes (Details 2) HTML 38K
79: R66 14. Income Taxes (Details 4) HTML 33K
35: R67 14. Income Taxes (Details Narrative) HTML 31K
62: R68 15. Debt (Details) HTML 40K
91: R69 15. Debt (Details 1) HTML 95K
18: R70 15. Debt (Details 2) HTML 35K
28: R71 15. Debt (Details Narative) HTML 35K
52: R72 16. Mandatorily Redeemable Non-Convertible HTML 36K
Cummulative Preferred Stock (Details Narrative)
24: R73 17. Stockholders' Equity (Details) HTML 60K
94: R74 17. Stockholders' Equity (Details 1) HTML 42K
32: R75 17. Stockholders' Equity (Details Narrative) HTML 60K
26: R76 18. Commitments and Contingencies (Details HTML 29K
Narrative)
27: R77 19. Segment Information (Details) HTML 104K
20: R78 19. Segment Information (Details 1) HTML 32K
23: R79 19. Segment Information (Details 2) HTML 42K
95: R9999 Uncategorized Items HTML 37K
93: XML IDEA XML File -- Filing Summary XML 154K
17: EXCEL IDEA Workbook of Financial Reports XLSX 205K
40: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 874K
8: EX-101.INS XBRL Instance -- ssie-20141231 XML 1.44M
10: EX-101.CAL XBRL Calculations -- ssie-20141231_cal XML 182K
11: EX-101.DEF XBRL Definitions -- ssie-20141231_def XML 753K
12: EX-101.LAB XBRL Labels -- ssie-20141231_lab XML 1.24M
13: EX-101.PRE XBRL Presentations -- ssie-20141231_pre XML 923K
9: EX-101.SCH XBRL Schema -- ssie-20141231 XSD 244K
89: ZIP XBRL Zipped Folder -- 0001354488-15-001771-xbrl Zip 157K
THIS WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THIS WARRANT AND SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT. THIS WARRANT AND SUCH SHARES MAY NOT BE TRANSFERRED EXCEPT UPON THE CONDITIONS SPECIFIED IN THIS WARRANT, AND NO TRANSFER OF THIS WARRANT OR SUCH SHARES SHALL BE VALID OR EFFECTIVE UNLESS AND UNTIL SUCH CONDITIONS SHALL HAVE BEEN COMPLIED WITH.
FORCEFIELD ENERGY INC.
COMMON STOCK PURCHASE WARRANT
ForceField Energy Inc., a Nevada corporation (the “Company”), having its principal office at 245 Park Avenue, 39th Floor, New York, New York, USA, 10167, hereby certifies that, for value received, ____________, or assigns, is entitled, subject to the terms set forth below, to purchase from the Company at any time on or from time to time after the Commencement Date (as defined below) and before 5:00 P.M., PST, on___________, or as extended in accordance with the terms hereof (the “Expiration Date”), _________ fully paid and non-assessable shares of Common Stock of the Company, at the initial purchase price per share (as defined below) of $____ (“Purchase Price”).
Background. This warrant is issued to investor in a private placement pursuant to a subscription agreement (the “Subscription Agreement”) between the Company and the investors party thereto (the “Offering”), as part of a Company private placement in which the Company agreed to issue warrants to purchase an aggregate of up to 1,000,000 shares of Common Stock (subject to adjustment as provided herein) (collectively the “Warrants”).
Capitalized terms have the meaning as defined in the Subscription Agreement, or if not defined therein, have the following respective meanings:
“Holder” means any record owner of Warrants or the Warrant Shares.
“Market Price” at any date shall be deemed to be (i) if the principal trading market for such securities is a Nasdaq market or another exchange, the average of the high reported sale prices per share of Common Stock for the five preceding consecutive trading days on which the Common Stock trades ending on the date immediately before the date of determination, (ii) if the principal market for the Common Stock is the over-the-counter market, the average of the high reported sale prices per share on such trading days as set forth by such market, (iii) if there is no high reported sale prices per share on such trading days for the Common Stock on such over-the-counter market, the average of the mean of the bid and asking prices per share on such trading days as set forth in the National Quotation Bureau sheet listing such securities for such days, or (iv) if there is no reported high bid and asked prices,
as the case may be, reported on any of the five trading days preceding the event requiring a determination of Market Price hereunder, then the Market Price shall be determined in good faith by resolution of the Board of Directors of the Company, based on the best information available to it.
“Original Issue Date” means _________.
“Securities Act” means the Securities Act of 1933 as the same shall be in effect at the time.
1. Sale or Exercise. If, at the time of any exercise, transfer or surrender for exchange of a Warrant or Warrant Shares previously issued upon the exercise of Warrants, and such Warrant or Warrant Shares has not been registered under the Securities Act, the Company may require, as a condition of allowing such exercise, transfer or exchange, that the Holder or transferee of such Warrant or Warrant Shares, as the case may be, furnish to the Company an opinion of counsel, reasonably satisfactory to the Company, to the effect that such exercise, transfer or exchange may be made without registration under the Securities Act, provided that
the disposition thereof shall at all times be within the control of such Holder or transferee, as the case may be, and provided further that nothing contained in this Section 1 shall relieve the Company from complying with its obligations concerning registration of Warrant Shares pursuant to the Subscription Agreement.
2. Exercise of Warrant.
2.1 Exercise in Full. Subject to the provisions hereof, this Warrant may be exercised in full by the Holder hereof by surrender of this Warrant, with the form of subscription at the end hereof duly executed by such Holder, to the Company at its principal office accompanied by payment, in cash, bank wire or by certified or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common Stock issuable upon exercise of this Warrant by the Purchase Price per share, after giving effect to all adjustments through the date of exercise.
2.2 Partial Exercise. Subject to the provisions hereof, this Warrant may be exercised in part by surrender of this Warrant in the manner and at the place provided in Section 2.1 except that the amount payable by the Holder upon any partial exercise shall be the amount obtained by multiplying (a) the number of shares of Common Stock (without giving effect to any adjustment therein) designated by the Holder in the subscription at the end hereof by (b) the Purchase Price per share. Upon any such partial exercise, the Company at its expense will forthwith issue and deliver to or upon the order of the Holder hereof a new Warrant or Warrants of like tenor, in the name of the Holder hereof or as such Holder (upon payment by such Holder of any applicable transfer taxes) may request, calling in the aggregate on
the face or faces thereof for the number of shares of Common Stock equal (without giving effect to any adjustment therein) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the Holder in the subscription at the end hereof.
2.3 Company to Reaffirm Obligations. The Company will, at the time of any exercise of this Warrant, upon the request of the Holder hereof, acknowledge in writing its continuing obligation to afford to such Holder any rights (including, without limitation, any right to registration of the Warrant Shares) to which such Holder shall continue to be entitled after such exercise in accordance with the provisions of this Warrant, provided that if the Holder of this Warrant shall fail to make any such request, such failure shall not affect the continuing obligation of the Company to afford such Holder any such rights.
2.4 Certain Exercises. If an exercise of a Warrant or Warrants is to be made in connection with a registered public offering or sale of the Company, such exercise may, at the election of the Holder, be conditioned on the consummation of the public offering or sale of the Company, in which case such exercise shall not be deemed effective until the consummation of such transaction.
3. Delivery of Stock Certificates, etc., on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, and in any event within ten business days after delivery or surrender of all documents and instruments required to be delivered or surrendered to the Company for such exercise, including payment of the exercise price in cash in accordance with this Warrant, the Company at its own expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the Holder hereof, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct, a certificate or certificates for the number of fully paid and non-assessable shares
of Common Stock to which such Holder shall be entitled upon such exercise, plus, in lieu of any fractional share to which such Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current Market Price of one full share, together with any other stock or other securities and property (including cash, where applicable) to which such Holder is entitled upon such exercise pursuant to Section 4 or otherwise.
4. Dividends; Reclassifications, Exchange or Substitution; Combinations
(a) If the Company declares or pays a dividend on its Common Stock payable in Common Stock, or other securities, subdivides the outstanding Common Stock into a greater or lesser amount, as applicable, of Common Stock, then upon exercise of this Warrant, for each Warrant Share acquired, Holder shall receive, without cost to Holder, the total number and kind of securities to which Holder would have been entitled had Holder owned the Warrant Shares of record as of the date the dividend or subdivision occurred.
(b) Upon any reclassification, exchange, substitution, or other event that results in a change of the number and/or class of the securities issuable upon exercise or conversion of this Warrant, Holder shall be entitled to receive, upon exercise or conversion of this Warrant, the number and kind of securities and property that Holder would have received for the Warrant Shares if this Warrant had been exercised immediately before such reclassification, exchange, substitution, or other event. The Company or its successor shall promptly issue to Holder a new Warrant for such new securities or other property. The new Warrant shall provide for adjustments that shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 4. The provisions of this Section 4(b) shall similarly apply to successive
reclassifications, exchanges, substitutions, or other events.
(c) If the outstanding Warrant Shares are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Purchase Price shall be proportionately increased.
5. Further Assurances. The Company will take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable shares of stock upon the exercise of all Warrants from time to time outstanding.
6. Reservation of Stock, etc., Issuable on Exercise of Warrants. The Company will at all times reserve and keep available, solely for issuance and delivery upon the exercise of the Warrants, all shares of Common Stock from time to time issuable upon the exercise of the Warrants.
7. Exchange of Warrants. Subject to the provisions of Section 1 hereof, upon surrender for exchange of any Warrant, properly endorsed, to the Company, as soon as practicable, the Company at its own expense will issue and deliver to or upon the order of the Holder thereof a new Warrant or Warrants of like tenor, in the name of such Holder or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct, calling in the aggregate on the face or faces thereof for the number of shares of Common Stock called for on the face or faces of the Warrant or Warrants so surrendered.
8. Replacement of Warrants. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of any Warrant and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, upon surrender and cancellation of such Warrant, the Company at its expense will execute and deliver, in lieu thereof, a new Warrant of like tenor.
9. Negotiability, etc. Subject to Section 1 above, this Warrant is issued upon the following terms, to all of which each Holder or owner hereof by the taking hereof consents and agrees:
(a) subject to the provisions hereof, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the form of assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery;
(b) subject to the foregoing, any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such bona fide purchaser and each such bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and
(c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.
10. Notices, etc. All notices and other communications from the Company to the Holder of this Warrant shall be mailed by first class registered or certified mail, postage prepaid, at such address as may have been furnished to the Company in writing by such Holder, or, until an address is so furnished, to and at the address of the last Holder of this Warrant who has so furnished an address to the Company.
11. Miscellaneous. This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the Company and the Holders of outstanding Warrants to purchase a majority of the shares of Common Stock underlying all the outstanding Warrants. This Warrant is being delivered in the State of Nevada and shall be construed and enforced in accordance with and governed by the laws of such State. The headings in this Warrant are for purposes of reference only, and shall not limit or otherwise affect any of the terms hereof. Subject to Section 1 hereof, this Warrant is fully assignable at any time.
12. Amendments. This Warrant may not be amended, modified or terminated, and no rights or provisions may be waived, except with (a) the written consent of the Holder and the Company or (b) in the event that all Warrants issued under the Subscription Agreement are to be amended in like fashion, a majority in interest of the holders of all such Warrants and the Company.
Dated: _________________, 2015
FORCEFIELD ENERGY INC.
By:________________________________
Name:
Title:
FORM OF SUBSCRIPTION
(To be signed only upon exercise of Warrant)
To: FORCEFIELD ENERGY INC.
The undersigned, the Holder of the within Warrant, hereby irrevocably elects to exercise the purchase right represented by such Warrant for, and to purchase thereunder, shares of Common Stock of FORCEFIELD ENERGY INC., and herewith makes payment therefor:
of $____________
and requests that the certificates for such shares be issued in the name of, and delivered to, ___________________, whose address is _______________________.
The undersigned represents that the undersigned is acquiring such securities for its own account for investment and not with a view to or for sale in connection with any distribution thereof (except for any resale pursuant to, and in accordance with a valid registration statement effective under the Securities Act of 1933).
Dated: __________________
__________________________________________
(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)
__________________________________________
(Address)
____________
Insert here the number of shares called for on the face of the Warrant (or, in the case of a partial exercise, the portion thereof as to which the Warrant is being exercised).
FORM OF ASSIGNMENT
(To be signed only upon transfer of Warrant)
For value received, the undersigned hereby sells, assigns and transfers unto _________________________ the right represented by the within Warrant to purchase _________ of Common Stock of ForceField Energy Inc. to which the within Warrant relates, and appoints ______________________________ Attorney to transfer such right on the books of ForceField Energy Inc. with full power of substitution in the premises.
Dated:_______________
__________________________________________
(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)