SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • October 19th, 2010 • Jayhawk Energy, Inc. • Crude petroleum & natural gas • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of October 18, 2010, between JayHawk Energy, Inc., a Colorado corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
10% SENIOR SECURED CONVERTIBLE DEBENTURE DUE OCTOBER 18, 2012Convertible Security Agreement • October 19th, 2010 • Jayhawk Energy, Inc. • Crude petroleum & natural gas • New York
THIS 10% SENIOR SECURED CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued 10% Senior Secured Convertible Debentures of JayHawk Energy, Inc., a Colorado corporation, (the “Company”), having its principal place of business at 6240 E. Seltice Way, Suite C, Post Falls, ID 83854, designated as its 10% Senior Secured Convertible Debenture due October 18, 2012 (this debenture, the “Debenture” and, collectively with the other debentures of such series, the “Debentures”).
COMMON STOCK PURCHASE WARRANTSecurities Agreement • October 19th, 2010 • Jayhawk Energy, Inc. • Crude petroleum & natural gas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _______________. (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on April 18, 2014 (the “Termination Date”) but not thereafter, to subscribe for and purchase from JayHawk Energy, Inc., a Colorado corporation (the “Company”), up to ________ shares (the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
