REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • April 28th, 2006 • Houston American Energy Corp • Crude petroleum & natural gas • Texas
This Registration Rights Agreement (the "Agreement") is made and entered into as of April 28, 2006 (the "Effective Date") among Houston American Energy Corp., a Delaware corporation (the "Company"), and Sanders Morris Harris Inc., a Texas corporation (“SMH”), individually and as agent and attorney in fact for the purchasers set forth on Exhibit A attached hereto (each a “Purchaser” and collectively the “Purchasers”).
THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON ITS EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN ARTICLE II OF THIS WARRANTWarrant Agreement • April 28th, 2006 • Houston American Energy Corp • Crude petroleum & natural gas • Texas
THIS IS TO CERTIFY THAT, for value received, SANDERS MORRIS HARRIS INC., a Texas corporation (the "Registered Holder"), or its permitted assigns, is entitled to purchase from HOUSTON AMERICAN ENERGY CORP., a Delaware corporation (the "Company"), at the place where the Warrant Office designated pursuant to Section 2.1 is located, at a purchase price per share of $3.00 (as adjusted pursuant to the terms of this Warrant, the "Exercise Price"), 415,000 shares of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock, $0.001 par value per share, of the Company (the "Common Stock"), and is entitled also to exercise the other appurtenant rights, powers and privileges hereinafter set forth. The number of shares of the Common Stock purchasable hereunder and the Exercise Price are subject to adjustment in accordance with Article III hereof. This Warrant shall expire at 5:00 p.m., Houston time, on April 28, 2011.
