COMMON STOCK PURCHASE WARRANT Enerjex resources, inc.EnerJex Resources, Inc. • March 11th, 2015 • Crude petroleum & natural gas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (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 September __, 2015 (the “Initial Exercise Date”) and on or prior to the close of business on the five (5) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from EnerJex Resources, Inc., a Nevada corporation (the “Company”), up to 1,771,428 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
ENERJEX RESOURCES, INC. Placement Agency Agreement Common Stock, Preferred Stock, and WarrantsPlacement Agency Agreement • March 11th, 2015 • EnerJex Resources, Inc. • Crude petroleum & natural gas • New York
EnerJex Resources, Inc., a Nevada corporation (the “Company”), proposes, subject to the terms and conditions stated in this Placement Agency Agreement (this “Agreement”) and the Securities Purchase Agreement in the form of Exhibit A attached hereto (the “Securities Purchase Agreement”) entered into with the investors identified therein (each, an “Investor” and collectively, the “Investors”), to issue and sell up to an aggregate of $3,100,000 of (i) shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) (the “Common Shares”), (ii) shares of the Company’s Series B Convertible Preferred Stock, par value $0.001 per share (the “B Preferred Stock” (the “Public Preferred Shares” and together with the Common Shares, the “Public Shares”), which are convertible into shares of Common Stock (the “Public Conversion Shares”), (iii) shares of the Company’s B Preferred Stock (the “Private Preferred Shares”), which are convertible into shares of Common Stock (the “Private
