COMMON STOCK PURCHASE WARRANT LITHIUM EXPLORATION GROUP, INC.Security Agreement • July 13th, 2011 • Lithium Exploration Group, Inc. • Metal mining
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Hagen Investments Ltd. or its assigns (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 the five year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Lithium Exploration Group, Inc., a Nevada corporation (the “Company”), up to 602,410 shares (as subject to adjustment hereunder, 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).
12% SENIOR CONVERTIBLE DEBENTURE DUE DECEMBER 28, 2012Convertible Security Agreement • July 13th, 2011 • Lithium Exploration Group, Inc. • Metal mining • New York
THIS 12% SENIOR CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued 12% Senior Convertible Debentures of Lithium Exploration Group, Inc., a Nevada corporation, (the “Company”), having its principal place of business at 3200 N. Hayden Road, Suite 300, Scottsdale, AZ 85251, designated as its 12% Senior Convertible Debenture due December 28, 2012 (this debenture, the “Debenture” and, collectively with the other debentures of such series, the “Debentures”).
