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 • May 1st, 2006 • United Fuel & Energy Corp • Retail-nonstore retailers • Texas
THIS IS TO CERTIFY THAT, for value received, [Name of Registered Holder] (the "Registered Holder"), or its permitted assigns, is entitled to purchase from UNITED FUEL & ENERGY CORPORATION, a Nevada 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 $[____] (as adjusted pursuant to the terms of this Warrant, the "Exercise Price"), [_____] 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., Midland, Texas time, on [_______], 20__.
