CASPIAN SERVICES, INC. WARRANT TO PURCHASE SHARES OF COMMON STOCKCaspian Services • August 2nd, 2007 • Caspian Services Inc • Crude petroleum & natural gas
This certifies that, for the value received ____________________., the registered holder hereof or its assigns (the “Warrant Holder”) is entitled to purchase from Caspian Services, Inc., a Nevada corporation (the “Company”) at any time from July 31, 2007 to July 31, 2010, at the purchase price of $4.00 per share (the “Warrant Price”), __________ shares of Common Stock, par value $0.001, of the Company. The number of shares purchasable upon exercise of this Warrant and the Warrant Price per share shall be subject to adjustment from time to time as set forth in the Warrant Agency Agreement referred to below.
