Transform Pack International, Inc.
Form 10-KSB 2001
File No. 000-31727
WARRANT TO PURCHASE
TRANSFORM PACK INTERNATIONAL, INC.
(a Minnesota corporation)
WARRANT FOR THE PURCHASE OF
Common Stock, $0.004 Par Value Per Share
THIS WARRANT WILL BE VOID
AFTER 12:00 MIDNIGHT ON February 15, 2004
This certifies that, for value received, Greg Phillips, or registered assigns, is entitled, at any time prior to 12:00
midnight Eastern time on February 15, 2004 (the "Expiration Date"), to purchase from the Company the number
of shares shown above (the "Warrant Shares") of common stock, par value $0.004, of the Company (the
"Common Stock") by surrendering this warrant with the purchase form attached hereto, duly executed, at the
principal office of the Company in Moncton, New Brunswick, Canada, and by paying in full and in lawful money
of the United States of America by cash or cashiers' check, the purchase price of the Warrant Shares as to which
this warrant is exercised, on all the terms and conditions hereinafter set forth.
1. The initial purchase price at which the Warrant Shares are purchasable (hereinafter referred to as the "Warrant
Price") is $0.50 per share, subject to adjustment as hereinafter provided.
2. On the exercise of all or any portion of this warrant in the manner provided above, the person exercising the
same shall be deemed to have become a holder of record of Common Stock (or of the other securities or
properties to which he or it is entitled on such exercise) for all purposes, and certificates for the securities so
purchased shall be delivered to the purchaser within a reasonable time, but in no event longer than ten days after
the warrants shall have been exercised as set forth above. If this warrant shall be exercised in respect to only a
part of the Warrant Shares covered hereby, the holder shall be entitled to receive a similar warrant of like tenor
and date covering the number of Warrant Shares with respect to which this warrant sha