COMMON STOCK PURCHASE WARRANT To Purchase 50,000 Shares of Common Stock of Houston American Energy Corp.Common Stock Purchase Warrant • October 17th, 2017 • Houston American Energy Corp • Crude petroleum & natural gas • Texas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) CERTIFIES that, pursuant to the terms of that certain Independent Contractor Agreement (the “Services Agreement”) and for value received, Argus Energy Capital Advisors, LLC (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, to subscribe for and purchase from Houston American Energy Corp., a corporation incorporated in the State of Delaware (the “Company”), up to 50,000 shares (the “Warrant Shares”) of Common Stock, par value $0.001 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall be $0.55 subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as provided herein.
