LUCAS, ENERGY, INC. COMMON STOCK PURCHASE WARRANTSecurity Agreement • September 8th, 2016 • Lucas Energy, Inc. • Crude petroleum & natural gas • Nevada
This Common Stock Purchase Warrant (“Warrant”) certifies that, for value received, Discover Growth Fund (“Investor”) is entitled and obligated, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, to subscribe for and purchase from Lucas Energy, Inc., a Nevada corporation (“Company”), 1,111,112 shares (as subject to adjustment hereunder, “Warrant Shares”) of Common Stock, at an exercise price equal to $4.50, subject to adjustment hereunder (“Conversion Price”) per share of Common Stock, for total aggregate purchase price of $5,000,000.00 (“Purchase Price”).
