SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • October 29th, 2012 • Royale Energy Inc • Crude petroleum & natural gas • Illinois
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of October 28, 2012, is by and among Royale Energy, Inc., a California corporation (the “Company”), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”).
FORM OF SERIES E WARRANT] ROYALE ENERGY, INC. Warrant To Purchase Common StockWarrant to Purchase Common Stock • October 29th, 2012 • Royale Energy Inc • Crude petroleum & natural gas • Illinois
Royale Energy, Inc., a California corporation (the “Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, [___________________], the registered holder hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, upon exercise of this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, the “Warrant”), at any time or times on or after the six (6) month and one (1) day anniversary of the Issuance Date (the “Initial Exercise Date”), but not after 11:59 p.m., New York time, on the Expiration Date (as defined below), [______________] (subject to adjustment as provided herein) fully paid and non-assessable shares of Common Stock (as defined below) (the “Warrant Shares”). Except as otherwise defined herein, capit
October 25, 2012 CONFIDENTIAL ROYALE ENERGY, INC.Placement Agent Agreement • October 29th, 2012 • Royale Energy Inc • Crude petroleum & natural gas • California
