SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • June 12th, 2020 • Torchlight Energy Resources Inc • Crude petroleum & natural gas • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of June 12, 2020, between Torchlight Energy Resources, Inc., a Nevada corporation (the “Company”), and the purchaser identified on the signature pages (the “Purchaser”).
TORCHLIGHT ENERGY RESOURCES, INC. Warrant To Purchase Common StockTorchlight Energy Resources Inc • June 12th, 2020 • Crude petroleum & natural gas • New York
Torchlight Energy Resources, Inc., a company organized under the laws of Nevada (the “Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, [HOLDER], the registered holder hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, at any time or times on or after June __, 2020 (the “Initial Exercisability Date”), but not after 11:59 p.m., New York time, on the Expiration Date, (as defined below), ______________ (_____________) fully paid non-assessable shares of Common Stock (as defined below), subject to adjustment as provided herein (the “Warrant Shares”). Except as otherwise defined herein, capitalized terms in this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, this “Warrant”), shall have the m
