COMMON STOCK PURCHASE WARRANT SIGNATURE EXPLORATION & PRODUCTION CORP.Security Agreement • February 16th, 2010 • Signature Exploration & Production Corp. • Crude petroleum & natural gas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _______________________________ (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after February 10, 2010 (the “Initial Exercise Date”) and on or prior to the close of business on February 10, 2015 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Signature Exploration & Production Corp., a Delaware corporation (the “Company”), up to 207,493 shares (the “Warrant Shares”) of common stock, par value $.0001 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
