GEOTHERMAL USE CONTRACTGeothermal Use Contract • February 16th, 2012 • LSB Industries Inc • Industrial inorganic chemicals • Texas
This Geothermal Use Contract ( “Agreement”) is entered into effective as of 7th day of February 2012, by and between SOUTH PADRE ISLAND DEVELOPMENT, LLC, a Delaware limited liability company (“Seller”), and PRIME FINANCIAL L.L.C., an Oklahoma limited liability company, or its assigns (“Buyer”).
COMMON STOCK PURCHASE WARRANT AND REGISTRATION RIGHTS To Purchase 1,000,000 Shares of Common Stock of LANDMARK LAND COMPANY, INC.Common Stock Purchase Warrant • February 16th, 2012 • LSB Industries Inc • Industrial inorganic chemicals • Oklahoma
THIS COMMON STOCK PURCHASE WARRANT AND REGISTRATION RIGHTS (the “Warrant”) CERTIFIES that, for value received, PRIME FINANCIAL, LLC, an Oklahoma limited liability company (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 Closing Date (the “Initial Exercise Date”) until on or prior to the date of the funding and Closing of the Put Option Property following the Holder’s exercise of one or both of the Put Options (the “Termination Date”) but not thereafter, to subscribe for and purchase from Landmark Land Company, Inc., a Delaware corporation (the “Company”), up to 1,000,000 shares (the “Warrant Shares”) of common stock, par value $.50 per share, of the Company. The purchase price of each share of common stock (the “Exercise Price”) under the Warrant is $1.00, subject to adjustment hereunder. The Exercise Price and the number of the Warrant Shares for which the Warrant is exercisable
