FORM OF WARRANTWarrant Agreement • November 13th, 2012 • Armada Oil, Inc. • Crude petroleum & natural gas
THIS SERIES D 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 [·] (the “Initial Exercise Date”) and on or prior to the close of business on [·] (the “Termination Date”) but not thereafter, to subscribe for and purchase from Armada Oil, Inc., a Nevada corporation (the “Company”)1, up to[·] shares (the “Warrant Shares”) of 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).
Attn: David Moss RE: Purchase and Option AgreementPurchase and Option Agreement • November 13th, 2012 • Armada Oil, Inc. • Crude petroleum & natural gas
This letter will evidence the agreement between TR Energy Inc., hereinafter referred to as “TR”, whose mailing address is P. O. Box 479, Tyler, Texas 75710-0479, and Armada Oil Inc., hereinafter referred to as “ARMADA” , whose mailing address is 30872 Hunt Club Drive, San Juan Capistrano, CA 92675, relative to the acquisition by ARMADA of an interest in the oil and gas leasehold estates covering certain lands in Carbon County, Wyoming, as more fully described in Exhibit “A”, only insofar as that portion of the leases and lands which are located within the two sections as described in Exhibit “A” (said lands and the leases thereon being hereinafter sometimes referred to as “Unit Acreage”), and the option to acquire additional acreage as shown by plat attached as Exhibit “B”.
