Document:

Exhibit 4.3

EXHIBIT A

NEW WESTERN ENERGY CORPORATION

(A Nevada Corporation)

__________________________________

 

10% Secured Debenture

$1,500,000.00 Principal Amount

Due: October 31, 2015

_____________________________________

 

NEITHER THIS DEBENTURE NOR THE SECURITIES ISSUABLE
UPON THE CONVERSION HEREOF AS PROVIDED HEREIN HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE LAWS
OF ANY STATE OR OTHER JURISDICTION. TRANSFER OF THIS DEBENTURE AND SUCH SECURITIES IS RESTRICTED PURSUANT TO SUCH LAWS.

Irvine, California

$1,500,000.00 November 12, 2013

 

1.Debenture.

 

1.1In accordance with this 10% Original
Issue Senior Secured Debenture (the “Debenture”) and for value received New Western Energy Corporation, a Nevada corporation
(the “Company” or the “Borrower”), hereby promises to pay to the order of Carl Wikstrom (the “Holder”)
the amount of $1,500,000.00US on or before October 31 2015 (“Due Date”) together with interest at ten percent (10%)
per annum on the outstanding principal. Payments shall be made to the Holder in lawful money of the United States at Orrspelsvagen
2H, Stocksund, S-18279, Sweden, or at such other place as the Holder may specify in writing.

 

1.2In the event the Company does not
make, within five (5) days when due, any payment of principal or interest required to be made hereunder, the Company will pay,
on demand, interest on the amount of any overdue payment of principal or interest for the period following the Due Date, at a rate
of twelve percent (12%) per annum.

 

2.Definitions.
For the purposes hereof, in addition to the terms defined elsewhere in this Debenture, (a) capitalized terms not otherwise defined
herein shall have the meanings set forth in the Purchase Agreement and (b) the following terms shall have the following meanings:

 

“Business Day” means
any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking
institutions in the State of California are authorized or required by law or other governmental action to close.

 

“Interest
Notice Period” shall have the meaning set forth in Section 3(a).

    	 	 	 

    	 

    

“Interest
Payment Date” shall have the meaning set forth in Section 3(a).

 

“Issue Date” means
the date of the first issuance of the Debenture, regardless of any transfers of any Debenture and regardless of the number of instruments
which may be issued to evidence such Debenture.

 

“Periodic
Redemption Amount” means the sum of (i) $ $250,000 on each Periodic Redemption Date ( with the exception of $500,000
to be paid on October 31, 2015) and (ii) plus accrued but unpaid interest, liquidated damages and any other amounts then owing
to the Holder in respect of this Debenture.

 

“Periodic Redemption Date”
means July 31, 2014, October 31, 2014, April 30, 2015, July 31, 2015 and October 31, 2015.

 

“Permitted
Lien” means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental
charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good
faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company)
have been established in accordance with GAAP, (b) Liens imposed by law which were incurred in the ordinary course of the Company’s
business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other
similar Liens arising in the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate
materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business
of the Company and its consolidated Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings
have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien.

“Purchase Agreement”
means the Securities Purchase Agreement, dated as of November 5, 2013 among the Borrower and the original Holder, as amended, modified
or supplemented from time to time in accordance with its terms.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

    	 	 	 

    	 

    

3.Interest.

 

a)                 
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate
unconverted and then outstanding principal amount of this Debenture at the rate of 10% per annum, payable quarterly on January
31, April 30, July 31 and October 31, beginning on January 31, 2014, and on each Periodic Redemption Date (as to that principal
amount then being redeemed), on each Conversion Date (as to that principal amount then being converted), and on each Optional Redemption
Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an “Interest Payment
Date”) (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding
Business Day), in cash.

 

b)                  Interest
Calculations. Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods,
and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together
with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made.
Interest hereunder will be paid to the Person in whose name this Debenture is registered on the records of the Company
regarding registration and transfers of this Debenture.

 

4.Default. In the event of an
occurrence of any event of default specified below, the principal and all accrued interest on the Debenture shall become immediately
due and payable without notice, except as specified below. The occurrence of any of the following events shall constitute an event
of default under this Debenture:

 

4.1The Company fails to make any payment
hereunder when due, which failure has not been cured within fifteen (15) days following such failure.

 

4.2If the Company shall default in
the payment or performance of any obligation, or any defined event of default, under any contract or instrument pursuant to which
Borrower has incurred any debt or other liability to any person or entity, including the Holder, in an amount in excess of $300,000.00.

 

4.4If the Borrower shall file a petition
to take advantage of any insolvency act; make an assignment for the benefit of its creditors; commence a proceeding for the appointment
of a receiver, trustee, liquidator or conservator of itself of a whole or any substantial part of its property; file a petition
or answer seeking reorganization or arrangement or similar relief under the federal bankruptcy laws or any other applicable law
or statute of the United States of America or any state; or

 

4.4If a court of competent jurisdiction
shall enter an order, judgment or decree appointing a custodian, receiver, trustee, liquidator or conservator of the Borrower or
of the whole or any substantial part of its properties, or approve a petition filed against the Borrower seeking reorganization
or arrangement or similar relief under the federal bankruptcy laws or any other applicable law or statute of the United States
of America or any state; or if, under the provisions of any other law for the relief or aid of debtors, a court of competent jurisdiction
shall assume custody or control of the Borrower or of the whole or any substantial part of its properties; or if there is commenced
against the Borrower any proceeding for any of the foregoing relief and such proceeding or petition remains undismissed for a period
of 30 days; or if the Borrower by any act indicates its consent to or approval of any such proceeding or petition; or

    	 	 	 

    	 

    

4.5If (i) any judgment remaining unpaid,
unstayed or undismissed for a period of 60 days is rendered against the Borrower which by itself or together with all other such
judgments rendered against the Borrower remaining unpaid, unstayed or undismissed for a period of 60 days, is in excess of $100,000,
or (ii) there is any attachment or execution against the Borrower's properties remaining unstayed or undismissed for a period of
60 days which by itself or together with all other attachments and executions against the Borrower's properties remaining unstayed
or undismissed for a period of 60 days is for an amount in excess of $100,000.

 

5.Prepayment. Borrower may prepay
any or all amounts due under this Debenture at any time without penalty; provided, however, that Borrower, as a condition to prepayment
of some or all of the balance hereof, shall deliver written notice of its intention to prepay at least three (3) calendar days
prior to the date of such prepayment.

 

6. Secured
Obligation. The obligations of the Company under this Debenture shall be secured by any and all assets and entities
acquired by the Company with the proceeds of this Debenture. The Company shall file all reports and documents required by the Uniform
Commercial Code of the State of California and or any other applicable law of any state or states which has jurisdiction
with respect to all, or any portion of, the assets to be acquired with the proceeds of this Debenture, from time to time.
Copies of such filings, stamped “filed” by the State of filing, shall be forwarded to the Holder within 10 days
of filing. 

 

7.Securities Law Compliance.
The Holder understands that this Debenture is subject to full compliance with the provisions of all applicable securities laws
and that the certificate or certificates evidencing such Debenture will bear a legend to the following effect:

“THE SECURITIES EVIDENCED HEREBY
MAY NOT BE TRANSFERRED WITHOUT (i) THE OPINION OF COUNSEL SATISFACTORY TO THIS CORPORATION THAT SUCH TRANSFER MAY LAWFULLY BE MADE
WITHOUT REGISTRATION UNDER THE FEDERAL SECURITIES ACT OF 1933, AS AMENDED, OR (ii) SUCH REGISTRATION.”

 

8.Notices. Any notice herein
required or permitted to be given shall be in writing and may be personally served, sent by United States Mail, certified, or
by overnight delivery service. For the purposes hereof, the address of the Holder and the address of the Company shall be as follows:

	Company:	 	Holder:
	New Western Energy Corporation	 	Mr. Carl Wikstrom
	1140 Spectrum	 	Orrspelsvagen 2h
	Irvine, California 92618	 	Stocksund S-18279 Sweden

 

Both the Holder and the Company may change
the address for service by written notice to the other as herein provided.

    	 	 	 

    	 

    

9.No Waiver Rights and Remedies
Cumulative. No failure on the part of the Holder to exercise, and no delay in exercising any right hereunder shall operate
as a waiver thereof; nor shall any single or partial exercise by the Holder of any right hereunder preclude any other or further
exercise thereof or the exercise of any other right. The rights and remedies herein provided are cumulative and not exclusive
of any remedies or rights provided by law or by any other agreement between the Borrower and the Holder.

 

10.Costs and Expenses. Borrower
shall pay to Holder, upon demand, the full amount of all costs and expenses incurred by Holder in connection with the enforcement
of the Holder’s rights and the collection of any amounts which become due to Holder under this Debenture.

 

11.Amendments. No amendment,
modification or waiver of any provision of this Debenture nor consent to any departure by the Holder therefrom shall be effective
unless the same shall be in writing and signed by the Holder and then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.

 

12.Successors and Assigns. This
Debenture shall be binding upon the Borrower and its successors and assigns and the terms hereof shall inure to the benefit of
the Holder and its successors and assigns, including subsequent holders hereof.

 

13.Severability. The provisions
of this Debenture are severable, and if any provision shall be held invalid or unenforceable in whole or in part in any jurisdiction,
then such invalidity or unenforceability shall not in any manner affect such provision in any other jurisdiction or any other provision
of this Debenture in any jurisdiction.

 

14.Waiver of Notice. The Borrower
hereby waives presentment, demand for payment, notice of protest and all other demands in connection with the delivery, acceptance,
performance, default or enforcement of this Debenture.

 

15.Governing Law. This Debenture
has been executed in and shall be governed by the laws of the State of California.

 

16.Debenture Holder is Not a Shareholder.
No Holder of this Debenture, solely by virtue of the ownership of this Debenture, shall be considered a shareholder of the Company
for any purpose, nor shall anything in this Debenture be construed to confer on any Holder of this Debenture any rights of a shareholder
of the Company including, without limitation, any right to vote, give or withhold consent to any corporate action, receive notice
of meetings of shareholders or receive dividends.

 

17.Exchange and Replacement of Debenture.
Upon surrender of this Debenture to the Borrower, the Borrower shall execute and deliver, at its expense, one or more new Debentures
of such denominations and in such names, as requested by the holder of the surrendered Debenture. Upon receipt of evidence satisfactory
to the Company of the loss, theft, mutilation, or destruction of any Debenture, the Borrower will make and deliver a new Debenture,
of like tenor, at the request of the holder of such Debenture.

    	 	 	 

    	 

    

 

IN WITNESS WHEREOF, the
Company has caused this Debenture to be signed by its authorized officers as of the 12th day of November, 2013.

 

 

	 	 	NEW WESTERN ENERGY CORPOATION
	 	 	
         

        By: Javan Khazali

        Javan Khazali, CEOEXHIBIT 4.4

 

 

 

 

 

 

 

Exhibit B

 

 

 

NEW WESTERN ENERGY CORPORATION

 

 

 

CLASS E WARRANT CERTIFICATE

 

 

 

  

 

    	 

    	 

    

 

Certificate No. W-E 1 

 

CLASS E WARRANT 

 

TO PURCHASE 7,500,000 SHARES OF COMMON STOCK

 

OF 

 

NEW WESTERN ENERGY CORPORATION

 

 

THIS WARRANT AND THE SECURITIES ISSUABLE UPON
EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "1933 ACT") OR UNDER ANY STATE
SECURITIES OR "BLUE SKY" LAWS ("BLUE SKY LAWS"). NO TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER
DISPOSITION OF THIS WARRANT OR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT OR ANY INTEREST THEREIN MAY BE MADE EXCEPT
(a) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT AND ANY APPLICABLE BLUE SKY LAWS OR (b) IF THE CORPORATION
HAS BEEN FURNISHED WITH AN OPINION OF COUNSEL FOR THE HOLDER, WHICH OPINION AND COUNSEL SHALL BE REASONABLY SATISFACTORY TO THE
CORPORATION, TO THE EFFECT THAT NO REGISTRATION IS REQUIRED BECAUSE OF THE AVAILABILITY OF AN EXEMPTION FROM REGISTRATION UNDER
THE 1933 ACT AND APPLICABLE BLUE SKY LAWS.

 

 

THIS CERTIFIES THAT, for good and valuable
consideration Carl Wikstrom (the "Holder"), or the Holder's registered assigns, is entitled to subscribe for and purchase
from New Western Energy Corporation, a Nevada corporation (the "Corporation"), at any time after November 12, 2013, to
and including October 31, 2016, Seven Million, Five Hundred Thousand (7,500,000) fully paid and nonassessable shares of the Common
Stock of the Corporation at the price of $0.25 per share (the "Warrant Exercise Price"), subject to the antidilution
provisions of this Warrant.

 

The shares which may be acquired upon exercise
of this Warrant are referred to herein as the "Warrant Shares." As used herein, the term "Holder" means the
Holder, any party who acquires all or a part of this Warrant as a registered transferee of the Holder, or any record holder or
holders of the Warrant Shares issued upon exercise, whether in whole or in part, of the Warrant. The term "Common Stock"
means the common stock, no par value per share, of the Corporation. This Warrant is issued in connection with a private placement
by the Corporation pursuant to a Securities Purchase Agreement dated November 5, 2013.

 

 

    	 

    	 

    

 

This Warrant is subject to the following provisions,
terms and conditions:

 

1. EXERCISE; TRANSFERABILITY.

 

The rights represented by this Warrant may
be exercised by the Holder hereof, in whole or in part (but not as to a fractional share of Common Stock), by written notice of
exercise (in the form attached hereto) delivered to the Corporation at the principal office of the Corporation prior to the expiration
of this Warrant and accompanied or preceded by the surrender of this Warrant along with a check in payment of the Warrant Exercise
Price for such Warrant Shares.

 

Each exercise of this Option shall be by means
of a written notice of exercise delivered to the Secretary of the Corporation, specifying the number of Warrant Shares to be purchased
and accompanied by payment to the Corporation of the full purchase price of the Warrant Shares to be purchased. The purchase price
of the Warrant Shares upon exercise of an option shall be paid (i) in cash or by certified or cashier's check payable to the order
of the Corporation, or (ii) by a promissory note made by option holder in favor of the Corporation, upon the terms and conditions
determined by the Board of Directors and secured by the Warrant Shares issuable upon exercise complying with applicable law (including,
without limitation, state, corporate and federal margin requirements), or any combination thereof.

 

In addition, with the Corporation’s
consent and subject to the Corporation’s sole discretion, payment may be made in the following alternative form(s): 

 

(a) Certificates for shares
that you own, along with any forms needed to affect a transfer of those shares to the Corporation. The value of the shares, determined
as of the effective date of the Warrant exercise, will be applied to the Warrant exercise price. Instead of surrendering shares,
you may attest to the ownership of those shares on a form provided by the Corporation and have the same number of shares subtracted
from the Warrant Shares issued to you upon exercise of the Warrant. However, you may not surrender, or attest to the ownership
of shares in payment of the exercise price if your action would cause the Corporation to recognize a compensation expense (or additional
compensation expense) with respect to this Warrant for financial reporting purposes. 

 

(b) By delivery on a form
approved by the Corporation of an irrevocable direction to a securities broker approved by the Corporation to sell all or part
of the Warrant Shares that are issued to you when you exercise this Warrant and to deliver to the Corporation from the sale proceeds
an amount sufficient to pay the Warrant exercise price and any withholding taxes. The balance of the sale proceeds, if any, will
be delivered to you. The directions must be given by providing a notice of exercise form approved by the Corporation. 

 

(c) By delivery on a form
approved by the Corporation of an irrevocable direction to a securities broker or lender approved by the Corporation to pledge
Warrant

    	 

    	 

    

Shares that are issued to you when you exercise
this Warrant as security for a loan and to deliver to the Corporation from the loan proceeds an amount sufficient to pay the Warrant
exercise price and any withholding taxes. The directions must be given by providing a notice of exercise form approved by the Corporation. 

 

(d) Any other form permitted
by the Board of Directors in their discretion. 

 

 Notwithstanding the
foregoing, payment may not be made in any form that is unlawful, as determined by the Board of Directors in their discretion.

 

 

2. EXCHANGE AND REPLACEMENT.

 

Subject to Sections 1 and 7 hereof, this Warrant
is exchangeable upon the surrender hereof by the Holder to the Corporation at its office for new Warrants of like tenor and date
representing in the aggregate the right to purchase the number of Warrant Shares purchasable hereunder, each of such new Warrants
to represent the right to purchase such number of Warrant Shares (not to exceed the aggregate total number purchasable hereunder)
as shall be designated by the Holder at the time of such surrender. Upon receipt by the Corporation of evidence reasonably satisfactory
to it of the loss, theft, destruction, or mutilation of this Warrant, and, in case of loss, theft or destruction, of indemnity
or security reasonably satisfactory to it, and upon surrender and cancellation of this Warrant, if mutilated, the Corporation will
make and deliver a new Warrant of like tenor, in lieu of this Warrant. This Warrant shall be promptly canceled by the Corporation
upon the surrender hereof in connection with any exchange or replacement. The Corporation shall pay all expenses, taxes (other
than stock transfer taxes), and other charges payable in connection with the preparation, execution, and delivery of Warrants pursuant
to this Section 2.

 

3. ISSUANCE OF THE WARRANT SHARES.

 

(a) The Corporation agrees that the Warrant
Shares shall be and are deemed to be issued to the Holder as of the close of business on the date on which this Warrant shall have
been surrendered and the payment made for such Warrant Shares as aforesaid. Subject to the provisions of paragraph (b) of this
Section 3, certificates for the Warrant Shares so purchased shall be delivered to the Holder within a reasonable time after the
rights represented by this Warrant shall have been so exercised, and, unless this Warrant has expired, a new Warrant representing
the right to purchase the number of Warrant Shares, if any, with respect to which this Warrant shall not then have been exercised
shall also be delivered to the Holder.

 

(b) Notwithstanding the foregoing, however,
the Corporation shall not be required to deliver any certificate for Warrant Shares upon exercise of this Warrant except in accordance
with exemptions from the applicable securities registration requirements or registrations under applicable securities laws. Nothing
herein shall obligate the Corporation to effect registrations under federal or state securities laws. If registrations

    	 

    	 

    

are not in effect and if exemptions are not
available when the Holder seeks to exercise the Warrant, the Warrant exercise period will be extended, if need be, to prevent the
Warrant from expiring, until such time as either registrations become effective or exemptions are available, and the Warrant shall
then remain exercisable for a period of at least 30 calendar days from the date the Corporation delivers to the Holder written
notice of the availability of such registrations or exemptions. The Holder agrees to execute such documents and make such representations,
warranties, and agreements as may be required solely to comply with the exemptions relied upon by the Corporation, or the registrations
made, for the issuance of the Warrant Shares.

 

4. COVENANTS OF THE CORPORATION. The Corporation
covenants and agrees that all Warrant Shares will, upon issuance, be duly authorized and issued, fully paid, nonassessable and
free from all taxes, liens and charges with respect to the issue thereof. The Corporation further covenants and agrees that during
the period within which the rights represented by this Warrant may be exercised, the Corporation will at all times have authorized
and reserved for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant a sufficient
number of shares of Common Stock to provide for the exercise of the rights represented by this Warrant.

 

5. ANTI-DILUTION ADJUSTMENTS. The provisions
of this Warrant are subject to adjustment as provided in this Section 5.

 

(a) The Warrant Exercise Price shall be adjusted
from time to time such that in case the Corporation shall hereafter:

 

(i) pay any dividends on any class of stock
of the Corporation payable in Common Stock or securities convertible into Common Stock;

 

(ii) subdivide its then outstanding shares
of Common Stock into a greater number of shares; or

 

(iii) combine outstanding shares of Common
Stock, by reclassification or otherwise;

 

then, in any such event, the Warrant Exercise
Price in effect immediately prior to such event shall (until adjusted again pursuant hereto) be adjusted immediately after such
event to a price (calculated to the nearest full cent) determined by dividing (A) the number of shares of Common Stock outstanding
immediately prior to such event, multiplied by the then existing Warrant Exercise Price, by (B) the total number of shares of Common
Stock outstanding immediately after such event (including in each case the maximum number of shares of Common Stock issuable in
respect of any securities convertible into Common Stock), and the resulting quotient shall be the adjusted Warrant Exercise Price
per share. An adjustment made pursuant to this Subsection shall become effective immediately after the record date in the case
of a dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination
or reclassification. If, as a result of an adjustment made pursuant to this Subsection, the Holder of any Warrant thereafter surrendered
for exercise shall become

    	 

    	 

    

entitled to receive shares of two or more classes
of capital stock or shares of Common Stock and other capital stock of the Corporation, the Board of Directors (whose determination
shall be conclusive) shall determine the allocation of the adjusted Warrant Exercise Price between or among shares of such classes
of capital stock or shares of Common Stock and other capital stock. All calculations under this Subsection shall be made to the
nearest cent or to the nearest 1/100 of a share, as the case may be. In the event that at any time as a result of an adjustment
made pursuant to this Subsection, the holder of any Warrant thereafter surrendered for exercise shall become entitled to receive
any shares of the Corporation other than shares of Common Stock, thereafter the Warrant Exercise Price of such other shares so
receivable upon exercise of any Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent
as practicable to the provisions with respect to Common Stock contained in this Section

 

(b) Upon each adjustment of the Warrant Exercise
Price pursuant to Section 5(a) above, the Holder of each Warrant shall thereafter (until another such adjustment) be entitled to
purchase at the adjusted Warrant Exercise Price the number of shares, calculated to the nearest full share, obtained by multiplying
the number of shares specified in such Warrant (as adjusted as a result of all adjustments in the Warrant Exercise Price in effect
prior to such adjustment) by the Warrant Exercise Price in effect prior to such adjustment and dividing the product so obtained
by the adjusted Warrant Exercise Price.

 

(c) In case of any consolidation or merger
to which the Corporation is a party other than a merger or consolidation in which the Corporation is the continuing corporation,
or in case of any sale or conveyance to another corporation of the property of the Corporation as an entirety or substantially
as an entirety, or in the case of any statutory exchange of securities with another corporation (including any exchange effected
in connection with a merger of a third corporation into the Corporation), there shall be no adjustment under Subsection (a) of
this Section 5 but the Holder of each Warrant then outstanding shall have the right thereafter to convert such Warrant into the
kind and amount of shares of stock and other securities and property which he would have owned or have been entitled to receive
immediately after such consolidation, merger, statutory exchange, sale, or conveyance had such Warrant been converted immediately
prior to the effective date of such consolidation, merger, statutory exchange, sale, or conveyance and, in any such case, if necessary,
appropriate adjustment shall be made in the application of the provisions set forth in this Section with respect to the rights
and interests thereafter of any Holders of the Warrant, to the end that the provisions set forth in this Section shall thereafter
correspondingly be made applicable, as nearly as may reasonably be, in relation to any shares of stock and other securities and
property thereafter deliverable on the exercise of the Warrant. The provisions of this Subsection shall similarly apply to successive
consolidations, mergers, statutory exchanges, sales or conveyances.

 

(d) Upon any adjustment of the Warrant Exercise
Price, then and in each such case, the Corporation shall give written notice thereof, by first-class mail, postage prepaid, addressed
to the Holder as shown on the books of the Corporation, which notice shall state the Warrant Exercise Price resulting from such
adjustment and the increase or decrease, if any, in the number of shares of Common Stock purchasable at such price

    	 

    	 

    

upon the exercise of this Warrant, setting
forth in reasonable detail the method of calculation and the facts upon which such calculation is based.

 

6. NO VOTING RIGHTS. This Warrant shall not
entitle the Holder to any voting rights or other rights as a shareholder of the Corporation.

 

7. NOTICE OF TRANSFER OF WARRANT OR RESALE
OF THE WARRANT SHARES.

 

(a) Subject to the sale, assignment, hypothecation,
or other transfer restrictions set forth in Section 1 hereof, the Holder, by acceptance hereof, agrees to give written notice to
the Corporation before transferring this Warrant or transferring any Warrant Shares of such Holder's intention to do so, describing
briefly the manner of any proposed transfer. Promptly upon receiving such written notice, the Corporation shall present copies
thereof to the Corporation's counsel. If in the opinion of such counsel the proposed transfer may be effected without registration
or qualification (under any federal or state securities laws), the Corporation, as promptly as practicable, shall notify the Holder
of such opinion, whereupon the Holder shall be entitled to transfer this Warrant or to dispose of Warrant Shares received upon
the previous exercise of this Warrant, all in accordance with the terms of the notice delivered by the Holder to the Corporation;
provided that an appropriate legend may be endorsed on this Warrant or the certificates for such Warrant Shares respecting restrictions
upon transfer thereof necessary or advisable in the opinion of counsel and satisfactory to the Corporation to prevent further transfers
which would be in violation of Section 5 of the 1933 Act and applicable state securities laws; and provided further that the prospective
transferee or purchaser shall execute such documents and make such representations, warranties, and agreements as may be required
solely to comply with the exemptions relied upon by the Corporation for the transfer or disposition of the Warrant or Warrant Shares.

 

(b) If, in the opinion of the Corporation's
counsel, the proposed transfer or disposition of the Warrant or such Warrant Shares described in the written notice given pursuant
to this Section 7 may not be effected without registration or qualification of this Warrant or such Warrant Shares, the Corporation
shall promptly give written notice thereof to the Holder, and the Holder will limit its activities in respect to such transfer
or disposition as, in the opinion of such counsel, are permitted by law.

 

8. FRACTIONAL SHARES. Fractional shares shall
not be issued upon the exercise of this Warrant, but in any case where the holder would, except for the provisions of this Section,
be entitled under the terms hereof to receive a fractional share, the Corporation shall, upon the exercise of this Warrant for
the largest number of whole shares then called for, pay a sum in cash equal to the sum of (a) the excess, if any, of the Market
Price of such fractional share over the proportional part of the Warrant Exercise Price represented by such fractional share, plus
(b) the proportional part of the Warrant Exercise Price represented by such fractional share. For purposes of this Section, the
term "Market Price" with respect to shares of Common Stock of any class or series means the last reported sale price
or, if none, the average of the last reported closing bid and asked

    	 

    	 

    

prices on any national or regional securities
exchange or quoted in the National Association of Securities Dealers, Inc.'s Automated Quotations System ("Nasdaq"),
or if not listed on a national or regional securities exchange or quoted in Nasdaq, the average of the last reported closing bid
and asked prices as reported by the Electronic Bulletin Board of the National Association of Securities Dealers, Inc. from quotations
by market makers in such Common Stock on the over-the-counter market, or if no quotations in such Common Stock are available, the
fair market value of the shares as determined in good faith by the Board of Directors of the Corporation.

 

9. REDEMPTION. The Warrants may be redeemed
by the Corporation, in whole or in part, at a redemption price of $0.05 per Warrant (subject to appropriate adjustment as determined
by the Corporation's Board of Directors in the event of the occurrence of the events described in Sections 5(a)(i), (ii) and (iii))
upon notice of such redemption given by the Corporation not less than thirty (30) days prior to the date fixed for redemption mailed
to the holders of Warrants at their last registered addresses. The Corporation shall be entitled to redeem the Warrants as provided
in this Section 9 only if the mean average closing bid price of the Common Stock exceeds $.75 per share (subject to appropriate
adjustment as determined by the Corporation's Board of Directors in the event of the occurrence of the events described in Sections
5(a)(i), (ii) and (iii)) for any twenty (20) consecutive trading days prior to third day such notice of redemption has been given.
If notice of redemption shall have been given to the Holders, the exercise rights of the Warrants identified for redemption shall
expire at the close of business on such date of redemption, unless extended by the Corporation.

 

10. MISCELLANEOUS.

 

(a) NOTICES. All notices
required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the
party to be notified, (b) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient,
if not, then on the next business day, or (c) two (2) business days after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All communications shall be sent to the Corporation at the
address as set forth on the signature page hereof, to the Holder at Orrspelsvagen 2h, Stocksund, S-18279, Sweden, or at such other
address as the Corporation or Holder may designate by ten (10) days advance written notice to the other party hereto.

 

(b) ATTORNEYS' FEES. If any
action at law or in equity is necessary to enforce or interpret the terms of this Warrant, the prevailing party shall be entitled
to reasonable attorneys' fees, costs and disbursements in addition to any other relief to which such party may be entitled.

 

(c) AMENDMENTS AND WAIVERS.
This Warrant may be amended or modified only upon the written consent of both Holder and the Corporation. This Warrant and any
provision hereof may be waived only by an instrument in writing signed by the party against which enforcement of the same is sought.

 

    	 

    	 

    

(d) SEVERABILITY. If one
or more provisions of this Warrant are held to be unenforceable under applicable law, such provision shall be excluded from this
Warrant and the balance of the Warrant shall be interpreted as if such provision were so excluded and shall be enforceable in accordance
with its terms.

 

(e) GOVERNING LAW. This Warrant
shall be governed by and construed and enforced in accordance with the laws of the State of California, without giving effect to
its conflicts of laws principles.

 

IN WITNESS WHEREOF, New Western Energy Corporation
has caused this Warrant to be signed by its duly authorized officer and this Warrant to be dated November 12, 2013.

 

 

	 	
        NEW WESTERN ENERGY CORPORATION

        a Nevada corporation

         

	 	
         

        By: /s/ Javan Khazali

        Javan Khazali

        President

         

        1140 Spectrum

        Irvine, CA 92618

        (949) 861-3123 Fax

	 	 

  

    	 

    	 

    

(To Be Executed by the Registered Holder in
Order to Exercise the Warrant)

 

To: New Western Energy Corporation

 

The undersigned hereby irrevocably elects to
exercise the attached Warrant to purchase for cash, ____________ of the shares issuable upon the exercise of such Warrant, and
requests that certificates for such shares (together with a new Warrant to purchase the number of shares, if any, with respect
to which this Warrant is not exercised) shall be issued in the name of:

 

NAME: ______________________________

 

	 	
        SOC. SEC. or

        TAX I.D. NO.
	
         

        _________________________

	 	
         

        ADDRESS:
	
         

        _________________________

         

        _________________________

 

 

Date:_________________, 20__. _____________________________ Signature
*

 

* The signature on the Notice of Exercise of
Warrant must correspond to the name as written upon the face of the Warrant in every particular without alteration or enlargement
or any change whatsoever. When signing on behalf of a corporation, partnership, trust or other entity, please indicate your position(s)
and title(s) with such entity.

 

 

ASSIGNMENT FORM 

 

(To be Executed by the Registered Holder in
Order to Transfer the Warrant)

 

To: New Western Energy Corporation

 

FOR VALUE RECEIVED, the undersigned hereby
sells, assigns, and transfers unto _________________________________ the right to purchase the securities of New Western Energy
Corporation to which the within Warrant relates and appoints _______________________________, attorney, to transfer said right
on the books of New Western Energy Corporation with full power of substitution in the premises.

 

	  Dated: ____________________   _____________________________________ Signature

Address: ____________________________

____________________________

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