PARTICLE DRILLING TECHNOLOGIES, INC. REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • October 20th, 2006 • Particle Drilling Technologies Inc/Nv • Oil & gas field services, nec • New York
This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of October 19, 2006 by and among PARTICLE DRILLING TECHNOLOGIES, INC., a Nevada corporation (the “Company”), and each investor signatory hereto and listed for convenience only on Schedule I hereto (each such investor, individually, an “Investor” and, collectively, the “Investors”).
PARTICLE DRILLING TECHNOLOGIES, INC. SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • October 20th, 2006 • Particle Drilling Technologies Inc/Nv • Oil & gas field services, nec • New York
This SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of October 19, 2006, is by and among PARTICLE DRILLING TECHNOLOGIES, INC., a Nevada corporation (the “Company”), and each of the investors signatory hereto and listed for convenience on Schedule I hereto (each of the persons or entities listed on Schedule I, individually, a “Purchaser” and, collectively, the “Purchasers”).
COMMON STOCK PURCHASE WARRANTSecurities Agreement • October 20th, 2006 • Particle Drilling Technologies Inc/Nv • Oil & gas field services, nec • New York
This Warrant (the “Warrant”) entitles Milfam I, LP (including any successors or assigns, the “Holder”), for value received, to purchase from PARTICLE DRILLING TECHNOLOGIES, INC., a Nevada corporation (the “Company”), at any time and from time to time, subject to the terms and conditions set forth herein, during the period starting from 5:00 a.m. on the Initial Exercise Date (as defined in Section 1 below) to 5:00 p.m., Eastern time, on the Expiration Date (as defined in Section 1 below), immediately following which time this Warrant shall expire and become void, all or any portion of the Warrant Shares (as defined in Section 1 below) at the Exercise Price (as defined in Section 1 below). This Warrant is issued subject to the following terms and conditions:
