AMERICAN SECURITY RESOURCES CORPORATION WARRANT AGREEMENTAmerican Security Resources • November 1st, 2006 • American Security Resources Corp. • Motors & generators • Texas
AMERICAN SECURITY RESOURCES CORPORATION, a Nevada corporation (the "Company") (formerly known as Computer Automation Systems, Inc.), for value received, hereby agrees to issue a Class A warrant entitling you to purchase the shares of the Company's common stock (the "Common Stock") set forth on the signature page hereof (each such instrument being hereinafter referred to as a "Warrant, "Warrants: or "Warrant Agreement"). The Warrants will be issued in consideration of an investment in the Company by you. The number of shares of Common Stock purchasable upon exercise of the Warrants is subject to adjustment as provided in Section 5 below. The Warrants will be exercisable by each you or any other Warrant holder (as defined below) as to all or any lesser number of shares of Common Stock covered thereby, at an initial Purchase Price of $.30 per share, subject to adjustment as provided in Section 5 below, for the exercise period defined in Section 3(a) below. The term "Warrant holder" refers
