UNITED ENERGY CORP. PURCHASE WARRANT WARRANT (“WARRANT”) TO PURCHASE SHARES OF COMMON STOCK, $0.01 PAR VALUE PER SHAREUnited Energy Corp /Nv/ • February 17th, 2009 • Oil & gas field services, nec • New York
This is to certify that, FOR VALUE RECEIVED, [**] (“Warrantholder”), is entitled to purchase, subject to the provisions of this Warrant, from United Energy Corp., a corporation organized under the laws of Nevada (“Company”), at any time and from time to time commencing from the Issuance Date (“Exercise Date”), but not later than 5:00 P.M., Eastern time, on February 13, 2019 (“Expiration Date”), a total of One Hundred and Fifty Thousand (150,000) shares (“Warrant Shares”) of Common Stock, $0.01 par value (“Common Stock”) of the Company, at an initial exercise price per share of $0.12. The exercise price in effect from time to time is hereafter called the “Warrant Price”. The number of Warrant Shares purchasable upon exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time as described herein.
Anti-Dilution WaiverAgreement • February 17th, 2009 • United Energy Corp /Nv/ • Oil & gas field services, nec • New York
AGREEMENT made as of this 13th day of February 2009 by and between United Energy Corporation, a New Jersey corporation having its principal place of business at 600 Meadowlands Parkway, Secaucus, New Jersey 07094 (“United”) and Joseph Grano, with offices located at 1185 Avenue of the Americas, Suite 1750, New York, New York 10036 (“Grano”).
Anti-Dilution WaiverAgreement • February 17th, 2009 • United Energy Corp /Nv/ • Oil & gas field services, nec • New York
AGREEMENT made as of this 13th day of February 2009 by and between United Energy Corporation, a New Jersey corporation having its principal place of business at 600 Meadowlands Parkway, Secaucus, New Jersey 07094 (“United”) and Sherleigh Associates Inc. Profit Sharing Plan, with offices located at 600 Madison Avenue, New York, New York 10021 (“Sherleigh”).
