<html>
<body>

<b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">UNITED
STATES</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">SECURITIES
AND EXCHANGE COMMISSION</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Washington
D.C., 20549</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Form
S-8</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">REGISTRATION
STATEMENT</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Under</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">The
Securities Act of 1933</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;&nbsp;
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Commission
file number 000-26309</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<u><font SIZE="4">
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">NATUROL
HOLDINGS LTD.</p>
</font></u></b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(Exact
name of registrant as specified in charter)</p>
<b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;&nbsp;
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
</b>
<table CELLSPACING="1" BORDER="0" WIDTH="750" height="125">
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="21"><b><u>
      <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Delaware</u></b></td>
    <td WIDTH="374" VALIGN="TOP" height="21"><b><u>
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">98-0200471</u></b></td>
  </tr>
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="1">
      <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(State
      of other jurisdiction of</td>
    <td WIDTH="374" VALIGN="TOP" height="1">
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(I.R.S.
      Employer</td>
  </tr>
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">incorporation
      or organization)</td>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Identification
      Number)</td>
  </tr>
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
    </td>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="21"><b>
      <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">201
      E. Elizabeth St</b></td>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="21"><b><u>
      <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Elizabeth
      City, NC</u></b></td>
    <td WIDTH="374" VALIGN="TOP" height="21"><b><u>
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">27909</u></b></td>
  </tr>
  <tr>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(Address
      of Principal Executive Office)</td>
    <td WIDTH="374" VALIGN="TOP" height="21">
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(Zip
      Code)</td>
  </tr>
</table>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<b><u>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Consultant
and Employee Stock Compensation Plan</p>
</u></b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(Full
Title of the Plan)</p>
<b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<u>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(252)
333-1777</p>
</u></b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(Registrant's
Telephone Number, Including Area Code)</p>
<b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;&nbsp;
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></p>
</b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">William
E. Prince, President</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">201
E. Elizabeth St.</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Elizabeth
City, NC 27909</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(Name
and Address of Agent for Service)</p>
<u><b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>
</b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
</u><b><i>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Copy
to</i>:</p>
</b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Donald
J. Stoecklein, Esq.</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Stoecklein
Law Group</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">402
West Broadway, Suite 400</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">San
Diego, California 92101</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(619)
595-4882</p>
<hr>
<b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Calculation
of Registration Fee</p>
</b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<table BORDER="0" CELLSPACING="1" WIDTH="747">
  <tr>
    <td WIDTH="312" VALIGN="TOP" style="border-left-style: double; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top-style: double; border-top-width: 1; border-bottom-style: solid; border-bottom-width: 1">
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Title
      of Securities to be registered</td>
    <td WIDTH="102" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top: 1 double #000000; border-bottom-style: solid; border-bottom-width: 1">
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Amount
      to be registered</td>
    <td WIDTH="103" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top: 1 double #000000; border-bottom-style: solid; border-bottom-width: 1">
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Proposed
      maximum</p>
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Offering
      price per share (2)</td>
    <td WIDTH="94" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top: 1 double #000000; border-bottom-style: solid; border-bottom-width: 1">
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Proposed
      maximum</p>
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">aggregate
      offering price</td>
    <td WIDTH="104" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right: 1 double #000000; border-top: 1 double #000000; border-bottom-style: solid; border-bottom-width: 1">
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Amount
      of registration fee</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" style="border-left: 1 double #000000; border-right-style: solid; border-right-width: 1; border-top-style: solid; border-top-width: 1; border-bottom: 1 double #000000">
      <p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Common
      Stock (1)</td>
    <td WIDTH="102" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top-style: solid; border-top-width: 1; border-bottom: 1 double #000000">
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">500,000</td>
    <td WIDTH="103" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top-style: solid; border-top-width: 1; border-bottom: 1 double #000000">
      <p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">$0.75</td>
    <td WIDTH="94" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right-style: solid; border-right-width: 1; border-top-style: solid; border-top-width: 1; border-bottom: 1 double #000000">
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">$375,000</td>
    <td WIDTH="104" VALIGN="TOP" style="border-left-style: solid; border-left-width: 1; border-right: 1 double #000000; border-top-style: solid; border-top-width: 1; border-bottom: 1 double #000000">
      <p ALIGN="RIGHT" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">$30.34</td>
  </tr>
</table>
<ol>
  <li>
    <p ALIGN="justify" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin-left: 0; margin-right: 0; margin-top: 0; margin-bottom: 20">The
    shares of Common Stock of Naturol Holdings Ltd. being registered consist of
    shares to be issued under the Consultant and Employee Stock Compensation
    Plan (the &quot;Plan&quot;) described herein.</li>
  <li>
    <p ALIGN="justify" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin-left: 0; margin-right: 0; margin-top: 0; margin-bottom: 20">Pursuant
    to Rules 457(h)(1) and 457(c) under the Securities Act of 1933, as amended
    (the &quot;Securities Act&quot;), the proposed maximum offering price per
    share and the proposed maximum aggregate offering price are estimated solely
    for the purpose of calculating the registration fee required under Section
    6(b) of the Securities Act and are based upon the 5 day average of the high
    and low for the Common Stock of Naturol Holdings Ltd. as quoted on the
    Over-the-Counter Bulletin Board through January 20, 2004.</li>
</ol>
<b>
<hr>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">PART
I</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS</p>
</b>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">All
information required by Part I to be contained in the Section 10(a) prospectus
concerning the Consultant and Employee Stock Compensation Plan
(&quot;Plan&quot;) is omitted from this registration statement in accordance
with the Note to Part I of Form S-8 and Rule 428 of the Securities Act. Naturol
Holdings Ltd. will maintain a file of the Plan and other information or
documents in accordance with the provisions of Rule 428. Upon request, Naturol
Holdings Ltd. shall furnish to the Commission or its staff a copy or copies of
all of the documents included in such file.</p>
<b>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">PART
II</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
3. Incorporation of Documents by Reference.</b></p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">The
following documents filed by Naturol Holdings Ltd., a Delaware corporation
(&quot;Naturol&quot;) with the Commission (File No. 000-26309) are incorporated
by reference in this Registration Statement: (i) Naturol's Annual Report on
Form 10-KSB for the year ended December 31, 2002; (ii) Naturol's Quarterly
Report on Form 10-QSB for the quarter ended March 31, 2003; (iii) Naturol's
Quarterly Report on Form 10-QSB for the quarter ended June 30, 2003, (iv)
Naturol's Quarterly Report on Form 10-QSB for the quarter ended September 30,
2003, (v) Naturol's Current Report on Form 8-K filed on September 15, 2003;
and (vi) Naturol's Current Report on Form 8-K filed on January 8, 2004.</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">All
documents filed by Naturol pursuant to Section 13(a), 13(c), 14, or 15(d) of the
Exchange Act prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated by reference herein
and to be a part hereof from the date of filing of such documents. Any statement
contained herein or in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that a statement contained herein or
in any subsequently filed document which also is or is deemed to be incorporated
by reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
4. Description of Securities.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">General</p>
</u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Naturol
is authorized to issue 200,000,000 shares of Common Stock, par value $.001 per
share. As of January 21, 2004 there were 9,074,793 shares, of which 4,006,052
shares have been paid for but have not been issued.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<hr>
<u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Common
Stock</p>
</u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Holders
of Common Stock are entitled to one vote per share on each matter submitted to
vote at any meeting of stockholders. Shares of Common Stock do not carry
cumulative voting rights and therefore, holders of a majority of the outstanding
shares of Common Stock will be able to elect the entire board of directors and,
if they do so, minority stockholders would not be able to elect any members to
the board of directors. Naturol's board of directors has authority, without
action by its stockholders, to issue all or any portion of the authorized but
unissued shares of Common Stock, which would reduce the percentage ownership of
Naturol of its stockholders and which may dilute the book value of the Common
Stock. Stockholders of the Company have no pre-emptive rights to acquire
additional shares of Common Stock. The Common Stock is not subject to redemption
and carries no subscription or conversion rights. In the event of liquidation of
Naturol, the shares of Common Stock are entitled to share equally in corporate
assets after satisfaction of all liabilities. Holders of Common Stock are
entitled to receive such dividends as the board of directors may from time to
time declare out of funds legally available for the payment of dividends.
Naturol has not paid cash dividends on its Common Stock and does not anticipate
that it will pay cash dividends in the foreseeable future.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
5. Interests of Named Experts and Counsel.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">The
legality of the shares of Common Stock offered hereby has been passed upon for
the Company by Stoecklein Law Group. Pursuant to a Warrant Agreement between
Naturol and Stoecklein Law Group (attached hereto as Exhibit 10-2) 500,000
shares of common stock are being registered in conjunction with the exercise of
the Warrant by Stoecklein Law Group in exchange for prior services rendered to
the Registrant.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
6. Indemnification.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Naturol's
Articles of Incorporation contains provisions for indemnification of its
officers and directors; in addition, Section 145 and 102(b)(7) of the Delaware
General Corporation Laws provides as follows:</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Section
145 of the Delaware General Corporation Law provides that a corporation may
indemnify directors and officers as well as other employees and individuals
against expenses (including attorneys<font face="Arial Unicode MS" lang="JA">'</font>
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by such person in connection with any threatened, pending or completed
actions, suits or proceedings in which such person is made a party by reason of
such person being or having been a director, officer, employee or agent to
Naturol. The Delaware General Corporation Law provides that Section 145 is not
exclusive of other rights to which those seeking indemnification may be entitled
under any bylaw, agreement, vote of stockholders or disinterested directors or
otherwise.</p>
<hr>
<p style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Section
102(b)(7) of the Delaware General Corporation Law permits a corporation to
provide in its certificate of incorporation that a director of the corporation
shall not be personally liable to the corporation or its stockholders for
monetary damages for breach of fiduciary duty as a director, except for
liability for any breach of the director<font face="Arial Unicode MS" lang="JA">'</font>s
duty of loyalty to the corporation or its stockholders, for acts or omissions
not in good faith or which involve intentional misconduct or a knowing violation
of law, for unlawful payments of dividends or unlawful stock repurchases,
redemptions or other distributions, or for any transaction from which the
director derived an improper personal benefit.</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
7. Exemption From Registration Claimed.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Not
applicable.</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
8. Exhibits.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Exhibit
#</u> <u>Description</p>
</u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Opinion of Stoecklein Law Group</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">10-1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consultant and Employee Stock Compensation Plan.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">10-2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Warrant Agreement between Naturol Holdings Ltd. and Stoecklein Law Group.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consent of Weaver &amp; Martin, LLC</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Item
9. Undertakings.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Naturol,
the registrant, hereby undertakes:</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(1)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<ol type="i">
  <li>
    <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">To
    include any prospectus required by section 10(a)(3) of the Securities Act of
    1933;</li>
  <li>
    <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(To
    reflect in the prospectus any facts or events arising after the effective
    date of the registration statement (or the most recent post-effective
    amendment thereof) which, individually or in the aggregate, represent a
    fundamental change in the information set forth in the registration
    statement;</li>
  <li>
    <p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">To
    include any material information with respect to the plan of distribution
    not previously disclosed in the registration statement or any material
    change to such information in the registration statement, including (but not
    limited to) any addition or election of a managing underwriter.</li>
</ol>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(2)
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities offered at that time shall be deemed to be the
initial bona fide offering thereof.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</p>
<hr>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">The
undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Company's annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement referring to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Company in the successful
defense of any action, suit or proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the
Company will, unless in the opinion of its counsel that matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.</p>
<b>
<hr>
<p ALIGN="CENTER" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">SIGNATURES</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">The
Registrant</b>. Pursuant to the requirements of the Securities Act of 1933,
Naturol certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Elizabeth City, State of North Carolina, on this 21st
day of January 2004.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">NATUROL
HOLDINGS LTD.</p>
</b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">By:<u>/s/
William E.
Prince&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
</u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">William
E. Prince, President</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities and on the date
indicated.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Signature&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Title(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Date</p>
<u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">/s/
William E.
Prince&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
President&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
January 21, 2004</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">William
E. Prince</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<u>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">/s/
William E.
Prince&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Secretary/Treasurer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
January 21, 2004</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">William
E. Prince</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">The
Plan</b>. Pursuant to the requirements of the Securities Act of 1933, the board
of directors have duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Elizabeth
City, State of North Carolina, on January 21, 2004.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">NATUROL
HOLDINGS LTD.</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">Consultant
and Employee Stock Compensation Plan</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">By:<u>/s/
William E.
Prince&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
<p ALIGN="JUSTIFY" style="word-spacing: 0; text-indent: 0; line-height: 100%; margin: 0">William
E. Prince, Director</p>

</body>

</html>
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{"company-data": {"conformed-name": "NATUROL HOLDINGS LTD", "cik": "0001084031", "assigned-sic": "1400", "irs-number": "980200471", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-112106", "film-number": "04537921"}, "business-address": {"street1": "6265 STEVENSON WAY", "city": "LAS VEGAS", "state": "NV", "zip": "89120", "phone": "702-450-1600"}, "mail-address": {"street1": "6265 STEVENSON WAY", "street2": "6265 STEVENSON WAY", "city": "LAS VEGAS", "state": "NV", "zip": "89120"}, "former-company": {"former-conformed-name": "CORONADO EXPLORATIONS LTD", "date-changed": "19990528"}}
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington
D.C., 20549
Form
S-8
REGISTRATION
STATEMENT
Under
The
Securities Act of 1933
Commission
file number 000-26309
NATUROL
HOLDINGS LTD.
(Exact
name of registrant as specified in charter)
Delaware
98-0200471
(State
      of other jurisdiction of
(I.R.S.
      Employer
incorporation
      or organization)
Identification
      Number)
201
      E. Elizabeth St
Elizabeth
      City, NC
27909
(Address
      of Principal Executive Office)
(Zip
      Code)
Consultant
and Employee Stock Compensation Plan
(Full
Title of the Plan)
(252)
333-1777
(Registrant's
Telephone Number, Including Area Code)
William
E. Prince, President
201
E. Elizabeth St.
Elizabeth
City, NC 27909
(Name
and Address of Agent for Service)
Copy
to
:
Donald
J. Stoecklein, Esq.
Stoecklein
Law Group
402
West Broadway, Suite 400
San
Diego, California 92101
(619)
595-4882
Calculation
of Registration Fee
Title
      of Securities to be registered
Amount
      to be registered
Proposed
      maximum
Offering
      price per share (2)
Proposed
      maximum
aggregate
      offering price
Amount
      of registration fee
Common
      Stock (1)
500,000
$0.75
$375,000
$30.34
The
    shares of Common Stock of Naturol Holdings Ltd. being registered consist of
    shares to be issued under the Consultant and Employee Stock Compensation
    Plan (the "Plan") described herein.
Pursuant
    to Rules 457(h)(1) and 457(c) under the Securities Act of 1933, as amended
    (the "Securities Act"), the proposed maximum offering price per
    share and the proposed maximum aggregate offering price are estimated solely
    for the purpose of calculating the registration fee required under Section
    6(b) of the Securities Act and are based upon the 5 day average of the high
    and low for the Common Stock of Naturol Holdings Ltd. as quoted on the
    Over-the-Counter Bulletin Board through January 20, 2004.
PART
I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
All
information required by Part I to be contained in the Section 10(a) prospectus
concerning the Consultant and Employee Stock Compensation Plan
("Plan") is omitted from this registration statement in accordance
with the Note to Part I of Form S-8 and Rule 428 of the Securities Act. Naturol
Holdings Ltd. will maintain a file of the Plan and other information or
documents in accordance with the provisions of Rule 428. Upon request, Naturol
Holdings Ltd. shall furnish to the Commission or its staff a copy or copies of
all of the documents included in such file.
PART
II
Item
3. Incorporation of Documents by Reference.
The
following documents filed by Naturol Holdings Ltd., a Delaware corporation
("Naturol") with the Commission (File No. 000-26309) are incorporated
by reference in this Registration Statement: (i) Naturol's Annual Report on
Form 10-KSB for the year ended December 31, 2002; (ii) Naturol's Quarterly
Report on Form 10-QSB for the quarter ended March 31, 2003; (iii) Naturol's
Quarterly Report on Form 10-QSB for the quarter ended June 30, 2003, (iv)
Naturol's Quarterly Report on Form 10-QSB for the quarter ended September 30,
2003, (v) Naturol's Current Report on Form 8-K filed on September 15, 2003;
and (vi) Naturol's Current Report on Form 8-K filed on January 8, 2004.
All
documents filed by Naturol pursuant to Section 13(a), 13(c), 14, or 15(d) of the
Exchange Act prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated by reference herein
and to be a part hereof from the date of filing of such documents. Any statement
contained herein or in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of
this Registration Statement to the extent that a statement contained herein or
in any subsequently filed document which also is or is deemed to be incorporated
by reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.
Item
4. Description of Securities.
General
Naturol
is authorized to issue 200,000,000 shares of Common Stock, par value $.001 per
share. As of January 21, 2004 there were 9,074,793 shares, of which 4,006,052
shares have been paid for but have not been issued.
Common
Stock
Holders
of Common Stock are entitled to one vote per share on each matter submitted to
vote at any meeting of stockholders. Shares of Common Stock do not carry
cumulative voting rights and therefore, holders of a majority of the outstanding
shares of Common Stock will be able to elect the entire board of directors and,
if they do so, minority stockholders would not be able to elect any members to
the board of directors. Naturol's board of directors has authority, without
action by its stockholders, to issue all or any portion of the authorized but
unissued shares of Common Stock, which would reduce the percentage ownership of
Naturol of its stockholders and which may dilute the book value of the Common
Stock. Stockholders of the Company have no pre-emptive rights to acquire
additional shares of Common Stock. The Common Stock is not subject to redemption
and carries no subscription or conversion rights. In the event of liquidation of
Naturol, the shares of Common Stock are entitled to share equally in corporate
assets after satisfaction of all liabilities. Holders of Common Stock are
entitled to receive such dividends as the board of directors may from time to
time declare out of funds legally available for the payment of dividends.
Naturol has not paid cash dividends on its Common Stock and does not anticipate
that it will pay cash dividends in the foreseeable future.
Item
5. Interests of Named Experts and Counsel.
The
legality of the shares of Common Stock offered hereby has been passed upon for
the Company by Stoecklein Law Group. Pursuant to a Warrant Agreement between
Naturol and Stoecklein Law Group (attached hereto as Exhibit 10-2) 500,000
shares of common stock are being registered in conjunction with the exercise of
the Warrant by Stoecklein Law Group in exchange for prior services rendered to
the Registrant.
Item
6. Indemnification.
Naturol's
Articles of Incorporation contains provisions for indemnification of its
officers and directors; in addition, Section 145 and 102(b)(7) of the Delaware
General Corporation Laws provides as follows:
Section
145 of the Delaware General Corporation Law provides that a corporation may
indemnify directors and officers as well as other employees and individuals
against expenses (including attorneys
'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by such person in connection with any threatened, pending or completed
actions, suits or proceedings in which such person is made a party by reason of
such person being or having been a director, officer, employee or agent to
Naturol. The Delaware General Corporation Law provides that Section 145 is not
exclusive of other rights to which those seeking indemnification may be entitled
under any bylaw, agreement, vote of stockholders or disinterested directors or
otherwise.
Section
102(b)(7) of the Delaware General Corporation Law permits a corporation to
provide in its certificate of incorporation that a director of the corporation
shall not be personally liable to the corporation or its stockholders for
monetary damages for breach of fiduciary duty as a director, except for
liability for any breach of the director
'
s
duty of loyalty to the corporation or its stockholders, for acts or omissions
not in good faith or which involve intentional misconduct or a knowing violation
of law, for unlawful payments of dividends or unlawful stock repurchases,
redemptions or other distributions, or for any transaction from which the
director derived an improper personal benefit.
Item
7. Exemption From Registration Claimed.
Not
applicable.
Item
8. Exhibits.
Exhibit
#
Description
5            
Opinion of Stoecklein Law Group
10-1       
Consultant and Employee Stock Compensation Plan.
10-2       
Warrant Agreement between Naturol Holdings Ltd. and Stoecklein Law Group.
23           
Consent of Weaver & Martin, LLC
Item
9. Undertakings.
Naturol,
the registrant, hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
To
    include any prospectus required by section 10(a)(3) of the Securities Act of
    1933;
(To
    reflect in the prospectus any facts or events arising after the effective
    date of the registration statement (or the most recent post-effective
    amendment thereof) which, individually or in the aggregate, represent a
    fundamental change in the information set forth in the registration
    statement;
To
    include any material information with respect to the plan of distribution
    not previously disclosed in the registration statement or any material
    change to such information in the registration statement, including (but not
    limited to) any addition or election of a managing underwriter.
(2)
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities offered at that time shall be deemed to be the
initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
The
undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Company's annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement referring to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Company in the successful
defense of any action, suit or proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the
Company will, unless in the opinion of its counsel that matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.
SIGNATURES
The
Registrant
. Pursuant to the requirements of the Securities Act of 1933,
Naturol certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Elizabeth City, State of North Carolina, on this 21st
day of January 2004.
NATUROL
HOLDINGS LTD.
By:
/s/
William E.
Prince
William
E. Prince, President
Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities and on the date
indicated.
Signature                                                    
Title(s)                                    
Date
/s/
William E.
Prince
President                                
January 21, 2004
William
E. Prince
/s/
William E.
Prince
Secretary/Treasurer                
January 21, 2004
William
E. Prince
The
Plan
. Pursuant to the requirements of the Securities Act of 1933, the board
of directors have duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Elizabeth
City, State of North Carolina, on January 21, 2004.
NATUROL
HOLDINGS LTD.
Consultant
and Employee Stock Compensation Plan
By:
/s/
William E.
Prince
William
E. Prince, Director