SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 3rd, 2012 • Lithium Exploration Group, Inc. • Metal mining • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of March 28, 2012, between Lithium Exploration Group, Inc., a Nevada corporation (the “Company”), and the purchaser identified on the signature page hereto (including its successors and assigns, the “Purchaser”).
ORIGINAL ISSUE DISCOUNT SENIOR CONVERTIBLE DEBENTURE DUE ______________________ [12 MONTHS FROM CLOSING]Lithium Exploration Group, Inc. • April 3rd, 2012 • Metal mining • New York
THIS ORIGINAL ISSUE DISCOUNT SENIOR CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued Original Issue Discount Senior Convertible Debentures of Lithium Exploration Group, Inc., a Nevada corporation, (the “Company”), having its principal place of business at 3200 N. Hayden Road, Suite 300, Scottsdale, AZ 85251, designated as its Original Issue Discount Senior Convertible Debenture due ____________________________ [12 MONTHS FROM CLOSING] (this debenture, the “Debenture” and, collectively with the other debentures of such series, the “Debentures”).
COMMON STOCK PURCHASE WARRANT LITHIUM EXPLORATION GROUP, INC.Lithium Exploration Group, Inc. • April 3rd, 2012 • Metal mining
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Hagen Investments Ltd. 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 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 Lithium Exploration Group, Inc., a Nevada corporation (the “Company”), up to 3,333,333 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).
