COMMON STOCK PURCHASE WARRANT LILIS ENERGY, INC.Lilis Energy, Inc. • February 6th, 2014 • Crude petroleum & natural gas • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or [his, her or its] assigns (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 ______, 20141 (the “Initial Exercise Date”) and on or prior to 3:00 p.m. Mountain Time on the three year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Lilis Energy, Inc., a Nevada corporation (the “Company”), up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”) of the Company’s common stock (“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).
DEBENTURE CONVERSION AGREEMENTDebenture Conversion Agreement • February 6th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • Nevada
THIS DEBENTURE CONVERSION AGREEMENT (this “Agreement”) is made as of this 31st day of January, 2014, by and between Lilis Energy, Inc., a Nevada corporation (the “Company”), T.R. Winston & Company (“TRW”), and the parties designated on Exhibit A hereto as Holders (each a “Holder” and together the “Holders”).
