COMMON UNIT PURCHASE WARRANT To Purchase __________ Common Units of CROSSPOINT ENERGY COMPANYCommon Unit Purchase Warrant • December 1st, 2006 • CrossPoint Energy CO • Gold and silver ores
THIS COMMON UNIT PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ (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 the close of business on the five year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from CrossPoint Energy Company, a Texas limited liability company (the “Company”), up to ______ Common Units (the “Warrant Units”) of the Company (the “Common Units”). The purchase price of one Common Unit under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
