THIS WARRANT AND THE SHARES ISSUED UPON ITS EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN SECTION 6 OF THIS WARRANTGlori Energy Inc. • October 5th, 2011 • Delaware
Company FiledOctober 5th, 2011 JurisdictionGLORI OIL LIMITED, a Delaware corporation (the “Company”), for value received, hereby certifies that GTI Glori Oil Fund I L.P., or its registered assigns (the “Registered Holder”), is entitled, subject to the terms and conditions set forth below, to purchase from the Company, at any time or from time to time on or after the date of consummation of the Next Equity Financing and on or before 5:00 p.m. (Eastern time) on November 30, 2013, up to such number of Warrant Shares of the Company as is equal to the Warrant Number, at a purchase price per share equal to the Purchase Price.
THIS WARRANT AND THE SHARES ISSUED UPON ITS EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN SECTION 6 OF THIS WARRANTGlori Energy Inc. • October 5th, 2011 • Delaware
Company FiledOctober 5th, 2011 JurisdictionGlori Oil Limited, a Delaware corporation (the “Company”), for value received, hereby certifies that The Energy & Resources Institute, or its registered assigns (the “Registered Holder”), is entitled, subject to the terms and conditions set forth below, including without limitation Section 12 hereof, to purchase from the Company, at any time or from time to time on or after the date hereof and on or before 5:00 p.m. (Eastern time) on __________, 20__, up to such number of Warrant Shares of the Company as is equal to the Warrant Number, at a purchase price per share equal to the Purchase Price.
THIS WARRANT AND THE SHARES ISSUED UPON ITS EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN SECTION 6 OF THIS WARRANTGlori Energy Inc. • October 5th, 2011 • Delaware
Company FiledOctober 5th, 2011 JurisdictionGlori Oil Limited, a Delaware corporation (the “Company”), for value received, hereby certifies that Korn Ferry International, or its registered assigns (the “Registered Holder”), is entitled, subject to the terms and conditions set forth below, including without limitation Section 12 hereof, to purchase from the Company, at any time or from time to time on or after the date hereof and on or before 5:00 p.m. (Eastern time) on March 1, 2012, up to such number of Warrant Shares of the Company as is equal to the Warrant Number, at a purchase price per share equal to the Purchase Price.