SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 11th, 2012 • Paxton Energy Inc • Crude petroleum & natural gas • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of December 20, 2011, by and between PAXTON ENERGY, INC., a Nevada corporation, with headquarters located at 295 Highway 50, Suite 2, Lake Village Professional Building, Stateline, NV 89449 (the “Company”), and ASHER ENTERPRISES, INC., a Delaware corporation, with its address at 1 Linden Place, Suite 207, Great Neck, NY 11021 (the “Buyer”).
a Nevada corporation COMMON STOCK PURCHASE WARRANTSecurities Agreement • January 11th, 2012 • Paxton Energy Inc • Crude petroleum & natural gas
This is to certify that, for value received, John T. Reed (the “Holder”), whose current address is 858 Old Quarry Road, Larkspur, CA 94939, upon due exercise of this Warrant, is entitled to purchase from PAXTON ENERGY, INC., a Nevada corporation (the “Company”), all or any part of One Hundred Twenty Thousand (120,000) shares (“Warrant Shares”) of fully paid and non-assessable Common Stock, $0.001 par value, of the Company (“Common Stock”), at the purchase price per share of Fifteen Cents ($0.15) (the exercise price in effect being herein called the “Warrant Price”) at any time prior to 5:00 p.m. Pacific Standard Time on December 31, 2016 (the “Expiration Date”), all subject to the terms, conditions and adjustments as provided in this Warrant.
PAXTON ENERGY, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • January 11th, 2012 • Paxton Energy Inc • Crude petroleum & natural gas
THIS SUBSCRIPTION AGREEMENT is made as of this 19th day of December, 2011 between Paxton Energy, Inc., a Nevada corporation with its principal office located at 295 Highway 50, Suite 2, Lake Village Professional Building, Stateline, NV 89449 (Mailing Address: P.O. Box 1148 Zephyr Cove, NV89448-1148) (the “Company”), and the undersigned (the “Subscriber”).
FIRST AMENDMENT TO PAXTON ENERGY, INC. SUBSCRIPTION AGREEMENT John T. ReedSubscription Agreement • January 11th, 2012 • Paxton Energy Inc • Crude petroleum & natural gas
THIS FIRST AMENDMENT TO SUBSCRIPTION AGREEMENT is made as of the 23rd day of December, 2011 between Paxton Energy, Inc., a Nevada corporation with its principal office located at 295 Highway 50, Suite 2, Lake Village Professional Building, Stateline, NV 89449 (Mailing Address: P.O. Box 1148 Zephyr Cove, NV89448-1148) (the “Company”), and John T. Reed, whose address is 858 Old Quarry Road, Larkspur, CA 94918-2218 (the “Subscriber”).
