SECURITY AGREEMENTSecurity Agreement • December 17th, 2010 • KL Energy Corp • Services-engineering, accounting, research, management • South Dakota
This Security Agreement (as amended, modified or otherwise supplemented from time to time, this “Security Agreement”), dated as of November __, 2010, is executed by KL Energy Corp., a Nevada corporation (together with its successors and assigns, "Company"), in favor of Collateral Agent (as herein defined) on behalf of the Investors listed on the signature pages hereof.
COMMON STOCK PURCHASE WARRANTKL Energy Corp • December 17th, 2010 • Services-engineering, accounting, research, management • Nevada
This Warrant is issued to ____________________________ by KL Energy Corp., a Nevada corporation (the “Company”), pursuant to the terms of that certain Note and Warrant Purchase Agreement (the “Purchase Agreement”) of even date herewith, in connection with the Company’s issuance to the holder of this Warrant of a Secured Convertible Promissory Note (the “Note”). Capitalized terms not otherwise defined in this Warrant shall have the meanings ascribed to them in the Purchase Agreement and the Note.
NOTE AND WARRANT PURCHASE AGREEMENTNote and Warrant Purchase Agreement • December 17th, 2010 • KL Energy Corp • Services-engineering, accounting, research, management • Nevada
