UNDERWRITING AGREEMENT between ELEPHANT OIL CORP. and SPARTAN CAPITAL SECURITIES, LLC, as Representative of the Several Underwriters ELEPHANT OIL CORP. UNDERWRITING AGREEMENTUnderwriting Agreement • October 13th, 2022 • Elephant Oil Corp. • Crude petroleum & natural gas • New York
The undersigned, Elephant Oil Corp., a corporation formed under the laws of the State of Nevada (the “Company”), hereby confirms its agreement (this “Agreement”) with Spartan Capital Securities, LLC (hereinafter referred to as “you” (including its correlatives) or the “Representative”), and with the other underwriters named on Schedule 1 hereto for which the Representative is acting as representative (the Representative and such other underwriters being collectively called the “Underwriters” or, individually, an “Underwriter”) as follows:
Warrant COMMON STOCK PURCHASE WARRANT ELEPHANT OIL CORP.Warrant Agreement • October 13th, 2022 • Elephant Oil Corp. • Crude petroleum & natural gas • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ 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 the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on [_____]1 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Elephant Oil Corp., a Nevada corporation (the “Company”), up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security held in book-entry form and the Depository Trust Company or its nominee (“DTC”) shall initially be the sole registered holder of this Warrant, subject to a Holder’s right to elect to re
0n ……………/………………..2021 THIS PETROLEUM AGREEMENT is made and entered between THE GOVERNMENT OF THE REPUBLIC OF NAMIBIA MINISTRY OF MINES AND ENERGY (Herein represent by The Honorable Tom Alweendo in his capacity as the Minister of the Ministry of Mines...Petroleum Agreement • October 13th, 2022 • Elephant Oil Corp. • Crude petroleum & natural gas
WHEREAS all rights in relation to the exploration for, the production and disposal of, and the control over, Petroleum in or upon any Land in Namibia vest in the State;
PRODUCTION SHARING AGREEMENT FOR OIL EXPLORATION AND EXPLOITATIONProduction Sharing Agreement • October 13th, 2022 • Elephant Oil Corp. • Crude petroleum & natural gas
In accordance with Law No. 2006-18 of 17 October 2006 constituting the Oil Code of the Republic of Benin, the exploration, research, exploitation, holding, transport, transit and trade of Hydrocarbons on the territory and in the territorial waters of the Republic of Benin and the continental shelf adjacent thereto shall be subject to the provisions of the aforesaid law, which furthermore stipulates that deposits of liquid and gaseous Hydrocarbons belong to the State and constitute transferable minerals.
