Document:

EXHIBIT
      4.2

    

    NEITHER
      THIS NOTE, THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE, OR THE SECURITIES
      WHICH MAY BE ISSUED TO THE HOLDER OF THIS NOTE HAVE BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE
      IN
      RELIANCE UPON THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF FEDERAL AND
      STATE SECURITIES LAWS PROVIDED BY REGULATION S UNDER THE SECURITIES ACT OF
      1933,
      AS AMENDED AND MAY NOT BE SOLD, PLEDGED, TRANSFERRED, ASSIGNED, HYPOTHECATED,
      OR
      OTHERWISE DISPOSED OF WITHOUT COMPLIANCE WITH SUCH REQUIREMENTS OR A WRITTEN
      OPINION OF COUNSEL ACCEPTABLE TO THE OBLIGOR THAT SUCH TRANSFER WILL NOT RESULT
      IN ANY VIOLATION OF SUCH LAWS OR AFFECT THE LEGALITY OF THEIR
      ISSUANCE.

    

    CONVERTIBLE
      PROMISSORY NOTE

    

      
        	
                US$250,000

              	
                May
                  15, 2007

              

      

    

     

    FOR
      VALUE RECEIVED,
      the
      undersigned, True North Energy Corporation, a Nevada corporation (the
      "Obligor"), hereby promises to pay to the order of EH&P Investments AG (the
      "Holder"), the principal sum of Two Hundred Fifty Thousand Dollars ($250,000)
      payable as set forth below. The Obligor also promises to pay to the order of
      the
      Holder interest on the principal amount hereof at a rate of 8% per annum, which
      interest shall be payable as set forth below. Interest shall be calculated
      on
      the basis of the year of 365 days and for the number of days actually elapsed.
      The payments of principal and interest hereunder shall be made in coin or
      currency of the United States of America which at the time of payment shall
      be
      legal tender therein for the payment of public and private debts.

    

    This
      Note
      shall be subject to the following additional terms and conditions:

    

    1. Payments.
      Subject
      to prior conversion or acceleration, all principal due hereunder shall be
      payable in one (1) installment on May 15, 2010 (the “Maturity Date”). Subject to
      prior conversion or acceleration, interest shall be payable semi-annually.
      The
      first such interest payment shall be due the first day of the first month
      following 180 days from the date of this Note. Subsequent interest payments
      will
      be due and payable on the first day of the month every six months thereafter.
      Notwithstanding the foregoing, the final interest payment shall be due and
      payable on the Maturity Date. In the event that any payment to be made hereunder
      shall be or become due on Saturday, Sunday or any other day which is a legal
      bank holiday under the laws of the State of Texas, such payment shall be or
      become due on the next succeeding business day.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Prepayment.
      The
      Obligor and the Holder understand and agree that the principal amount of this
      Note together with all accrued interest due thereon can be prepaid by Obligor
      at
      any time without penalty, commencing June 15, 2007.

     

    3. Conversion.

    

    (a) In
      the
      event the Obligor completes an offering (the “Offering”) of US$10,000,000 or
      more of equity or debt securities within 90 days of the date of this Note (the
      “Offering Completion Date”), this Note, including any accrued and unpaid
      interest, shall be automatically exchanged for and converted into like share
      or
      securities issued by the Obligor in the Offering on the same terms that such
      like shares or securities are purchased by subscribers in the Offering. The
      amount of like shares or securities so issued shall be based on the amount
      of
      principal and interest converted. The Holder shall effect the conversion by
      promptly surrendering this Note to the Obligor. Upon receipt of the Note, the
      Obligor will deliver or shall cause to be delivered the like shares or other
      securities of the Obligor issuable upon conversion.

    

    (b) Upon
      a
      conversion involving common stock of the Obligor, the Obligor shall not be
      required to issue stock certificates representing fractions of shares, but
      may
      either make a cash payment in respect of any final fraction of a share or round
      up to the next whole share of common stock.

    

    (c) The
      issuance of securities of the Obligor upon conversion of this Note shall be
      made
      without charge to the Holder for any documentary stamp or similar taxes that
      may
      be payable in respect of the issue or delivery of a certificate for such
      securities, provided that the Obligor shall not be required to pay any tax
      that
      may be payable in respect of any transfer involved in the issuance and delivery
      of any such certificate upon conversion in a name other than that of the
      original Holder.

    

    (d) Any
      and
      all notices or other communications or deliveries to be provided by the Holder
      hereunder, shall be in writing and delivered personally, by facsimile, sent
      by a
      nationally recognized overnight courier service or sent by certified or
      registered mail, postage prepaid, addressed to the attention of the Chief
      Executive Officer of the Obligor at the facsimile number or address of the
      principal place of business of the Obligor. Any and all notices or other
      communications or deliveries to be provided by the Obligor hereunder shall
      be in
      writing and delivered personally, by facsimile, sent by a nationally recognized
      overnight courier service or sent by certified or registered mail, postage
      prepaid, addressed to the Holder at the facsimile number or address of the
      Holder appearing on the books of the Obligor, or if no such facsimile telephone
      number or address appears, at the principal place of business of the Holder.
      

    

    (e) Upon
      receipt by Obligor of evidence reasonably satisfactory to Obligor of the loss,
      theft, destruction or mutilation of this Note, and, in the case of loss, theft
      or destruction, of any indemnification undertaking by the Holder to the Obligor
      in customary form and, in the case of mutilation, upon surrender and
      cancellation of this Note, Obligor shall execute and deliver to the Holder
      a new
      Note.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4. Warrants.
      In the
      event an offering is not completed by the Offering Completion Date, common
      stock
      purchase warrants (the “Warrants”) of the Obligor shall be issued to the Holder.
      The Warrants will be exercisable for a period of three years commencing on
      the
      date of issuance of the Warrants. The number of shares of common stock of the
      Obligor issuable upon exercise of the Warrants and the exercise price will
      be
      calculated based upon the average closing price of the Obligor’s common stock
      for the 20 business days preceding the date of this Note (the “Average Price”).
      The number of shares which the Holder will be entitled to purchase upon exercise
      of the Warrants shall be calculated by dividing the principal amount of this
      Note by the Average Price. Any fractional shares resulting from said calculation
      will be rounded up to the next whole share. The exercise price of the Warrants
      shall be 140% of the Average Price. By way of example, if the Average Price
      is
      $2.00, the Warrant exercise price will be $2.80.

    

    5. No
      Waiver.
      No
      failure or delay by the Holder in exercising any right, power or privilege
      under
      the Note shall operate as a waiver thereof nor shall any single or partial
      exercise thereof preclude any other or further exercise thereof or the exercise
      of any other right, power or privilege. The rights and remedies herein provided
      shall be cumulative and not exclusive of any rights or remedies provided by
      law.
      No course of dealing between the Obligor and the Holder shall operate as a
      waiver of any rights by the Holder.

    

    6. Waiver
      of Presentment and Notice of Dishonor.
      The
      Obligor and all endorsers, guarantors and other parties that may be liable
      under
      this Note hereby waive presentment, notice of dishonor, protest and all other
      demands and notices in connection with the delivery, acceptance, performance
      or
      enforcement of this Note.

    

    7. Place
      of Payment.
      All
      payments of principal of this Note and the interest due hereon shall be made
      at
      such place as the Holder may from time to time designate in
      writing.

    

    8. Events
      of Default.
      The
      entire unpaid principal amount of this Note and the interest due hereon shall,
      at the option of the Holder exercised by written notice to the Obligor forthwith
      become and be due and payable, without presentment, demand, protest or other
      notice of any kind, all of which are hereby expressly waived, if any one or
      more
      of the following events (herein called "Events of Default") shall have occurred
      (for any reason whatsoever and whether such happening shall be voluntary or
      involuntary or come about or be effected by operation of law or pursuant to
      or
      in compliance with any judgement, decree or order of any court or any order,
      rule or regulation of any administrative or governmental body) and be continuing
      at the time of such notice:

    

    (a) 
      if
      default shall be made in the due and punctual payment of the interest and/or
      principal of this Note when and as the same shall become due and payable,
      whether at maturity, or by acceleration or otherwise, and such default have
      continued for a period of five (5) business days following Obligor’s receipt of
      written notice from Obligor advising of such default;

    

    (b) if
      the
      Obligor shall:

    

      
        	 	
                (vii)

              	
                admit
                  in writing its inability to pay its debts generally as they become
                  due;

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	
                (viii)

              	
                file
                  a petition in bankruptcy or petition to take advantage of any insolvency
                  act;

              

      

      

      
        	 	
                (ix)

              	
                make
                  assignment for the benefit of
                  creditors;

              

      

      

      
        	 	
                (x)

              	
                consent
                  to the appointment of a receiver of the whole or any substantial
                  part of
                  its property;

              

      

      

      
        	 	
                (xi)

              	
                on
                  a petition in bankruptcy filed against it, be adjudicated a
                  bankrupt;

              

      

      

      
        	 	
                (xii)

              	
                file
                  a petition or answer seeking reorganization or arrangement under
                  the
                  Federal bankruptcy laws or any other applicable law or statute
                  of the
                  United States of America or any State, district or territory thereof;
                  or

              

      

    

     

    (c) if
      the
      court of competent jurisdiction shall enter an order, judgment, or decree
      appointing, without the consent of the Obligor, a receiver of the whole or
      any
      substantial part of the Obligor's property, and such other, judgment or decree
      shall not be vacated or set aside or stayed with ninety (90) days from the
      date
      of entry thereof;

    

    (d) if,
      under
      the provisions of any other law for the relief or aid of debtors, any court
      or
      competent jurisdiction shall assume custody or control of the whole or any
      substantial part of Obligor's property and such custody or control shall not
      be
      terminated or stayed within (90) days from the date of assumption of such
      custody or control; and

    

    (e) if
      (i)
      the Obligor sells, licenses, or otherwise transfers all or substantially all
      of
      its assets or (ii) merges with or into another entity in a change of control
      transaction.

    

    9. Remedies.
      In case
      any one or more of the Events of Default specified in Section 8 hereof shall
      have occurred and be continuing, the Holder may proceed to protect and enforce
      its rights whether by suit and/or equity and/or by action law, whether for
      the
      specific performance of any covenant or agreement contained in this Note or
      in
      aid of the exercise of any power granted in this Note, or the Holder may proceed
      to enforce the payment of all sums due upon the Note or enforce any other legal
      or equitable right of the Holder.

    

    10. Severability.
      In the
      event that one or more of the provisions of this Note shall for any reason
      be
      held invalid, illegal or unenforceable in any respect, such invalidity,
      illegality or unenforceability shall not affect any other provision of this
      Note, but this Note shall be construed as if such invalid, illegal or
      unenforceable provision had never been contained herein.

    

    11. Governing
      Law
      This
      Note and the right and obligations of the Obligor and the Holder shall be
      governed by and construed in accordance with the laws of the State of Texas.
      Any
      action to enforce this Note shall be in the federal or state courts of Texas
      situated in Harris County.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      True
      North Energy Corporation has signed this Note as of the 15th day of May
      2007.

     

    
      	 	 	 
	 	OBLIGOR:
	 	 
	 	TRUE
              NORTH ENERGY CORPORATION
	 	 
	 	 
	 	By:  	
              /s/ Massimiliano
                Pozzoni

            
	 	
              

            
	 	
              Massimiliano
                Pozzoni

              Chief
                Financial OfficerEXHIBIT
      4.3

     

    NEITHER
      THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HAVE BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER
      ANY STATE SECURITIES LAW. IN ADDITION, SUCH SECURITIES MAY NOT BE SOLD, PLEDGED
      OR OTHERWISE TRANSFERRED UNLESS (i) THERE IS AN EFFECTIVE REGISTRATION STATEMENT
      COVERING THE SECURITIES UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS,
      (ii) THE COMPANY FIRST RECEIVES AN OPINION FROM AN ATTORNEY, REASONABLY
      ACCEPTABLE TO THE COMPANY, STATING THAT THE PROPOSED TRANSFER IS EXEMPT FROM
      REGISTRATION UNDER THE ACT AND UNDER ALL APPLICABLE STATE SECURITIES LAWS,
      OR
      (iii) THE TRANSFER IS MADE PURSUANT TO RULE 144 PROMULGATED UNDER THE
      ACT.

     

    182,249
      shares of Common Stock

    Dated:
      August 30, 2007

     

    WARRANT
      FOR THE PURCHASE OF

    SHARES
      OF COMMON STOCK

    OF

    TRUE
      NORTH ENERGY CORPORATION

    

    (A
      Nevada
      corporation)

     

    FOR
      VALUE
      RECEIVED, True North Energy Corporation ("Company"), hereby certifies that
      EH&P Investments AG, Albisriederstrasse 164, CH-8040, Zurich, Switzerland or
      his, her or its registered assigns ("Holder"), is entitled, subject to the
      terms
      set forth below, to purchase from the Company, at any time or from time to
      time
      during the three-year period commencing on August 30, 2007 and expiring on
      August 29, 2010, one hundred eighty-two thousand two hundred forty-nine
      (182,249) shares of Common Stock of the Company ("Common Stock"), at a purchase
      price of $1.92 per share. The number of shares of Common Stock purchasable
      upon
      exercise of this Warrant, and the purchase price per share, each as adjusted
      from time to time pursuant to the provisions of this Warrant, are hereinafter
      referred to as the "Warrant Shares" and the "Exercise Price,"
      respectively.

     

    1. Exercise

    

    1.1 Procedure
      for Exercise.
      This
      Warrant may be exercised by the Holder, in whole or in part, by the surrender
      of
      this Warrant (with the Notice of Exercise Form attached hereto duly executed
      by
      such Holder) at the principal office of the Company, or at such other office
      or
      agency as the Company may designate, accompanied by payment in full, in lawful
      money of the United States, of an amount equal to the then applicable Exercise
      Price multiplied by the number of Warrant Shares then being purchased upon
      such
      exercise.

     

    1.2 Date
      of Exercise.
      Each
      exercise of this Warrant shall be deemed to have been effected immediately
      prior
      to the close of business on the day on which this Warrant shall have been
      surrendered to the Company. At such time, the person or persons in whose name
      or
      names any certificates for Warrant Shares shall be issuable upon such exercise
      shall be deemed to have become the holder or holders of record of the Warrant
      Shares represented by such certificates.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.3 Issuance
      of Certificate.
      As soon
      as practicable after the exercise of the purchase right represented by this
      Warrant, the Company at its expense will use its best efforts to cause to be
      issued in the name of, and delivered to, the Holder, or, subject to the terms
      and conditions hereof, to such other individual or entity as such Holder (upon
      payment by such Holder of any applicable transfer taxes) may
      direct:

     

    (i) a
      certificate or certificates for the number of full shares of Warrant Shares
      to
      which such Holder shall be entitled upon such exercise (subject to Section
      3
      hereof), and

     

    (ii) in
      case
      such exercise is in part only, a new warrant or warrants (dated the date hereof)
      of like tenor, stating on the face or faces thereof the number of shares
      currently stated on the face of this Warrant minus the number of such shares
      purchased by the Holder upon such exercise as provided in subsection 1.1
      above.

     

    2. Adjustments.

    

    2.1 Split,
      Subdivision or Combination of Shares.
      If the
      outstanding shares of the Company's Common Stock at any time while this Warrant
      remains outstanding and unexpired shall be subdivided or split into a greater
      number of shares, or a dividend in Common Stock shall be paid in respect of
      Common Stock, the Exercise Price in effect immediately prior to such subdivision
      or at the record date of such dividend shall, simultaneously with the
      effectiveness of such subdivision or split or immediately after the record
      date
      of such dividend (as the case may be), shall be proportionately decreased.
      If
      the outstanding shares of Common Stock shall be combined or reverse-split into
      a
      smaller number of shares, the Exercise Price in effect immediately prior to
      such
      combination or reverse split shall, simultaneously with the effectiveness of
      such combination or reverse split, be proportionately increased. When any
      adjustment is required to be made in the Exercise Price, the number of shares
      of
      Warrant Shares purchasable upon the exercise of this Warrant shall be changed
      to
      the number determined by dividing (i) an amount equal to the number of shares
      issuable upon the exercise of this Warrant immediately prior to such adjustment,
      multiplied by the Exercise Price in effect immediately prior to such adjustment,
      by (ii) the Exercise Price in effect immediately after such
      adjustment.

     

    2.2 Reclassification
      Reorganization, Consolidation or Merger.
      In the
      case of any reclassification of the Common Stock (other than a change in par
      value or a subdivision or combination as provided for in subsection 2.1 above),
      or any reorganization, consolidation or merger of the Company with or into
      another corporation (other than a merger or reorganization with respect to
      which
      the Company is the continuing corporation and which does not result in any
      reclassification of the Common Stock), or a transfer of all or substantially
      all
      of the assets of the Company, or the payment of a liquidating distribution
      then,
      as part of any such reorganization, reclassification, consolidation, merger,
      sale or liquidating distribution, lawful provision shall be made so that the
      Holder of this Warrant shall have the right thereafter to receive upon the
      exercise hereof, the kind and amount of shares of stock or other securities
      or
      property which such Holder would have been entitled to receive if, immediately
      prior to any such reorganization, reclassification, consolidation, merger,
      sale
      or liquidating distribution, as the case may be, such Holder had held the number
      of shares of Common Stock which were then purchasable upon the exercise of
      this
      Warrant. In any such case, appropriate adjustment (as reasonably determined
      by
      the Board of Directors of the Company) shall be made in the application of
      the
      provisions set forth herein with respect to the rights and interests thereafter
      of the Holder of this Warrant such that the provisions set forth in this Section
      2 (including provisions with respect to the Exercise Price) shall thereafter
      be
      applicable, as nearly as is reasonably practicable, in relation to any shares
      of
      stock or other securities or property thereafter deliverable upon the exercise
      of this Warrant.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.3 Price
      Adjustment.
      No
      adjustment in the per share Exercise Price shall be required unless such
      adjustment would require an increase or decrease in the Exercise Price of at
      least $0.01; provided, however, that any adjustments which by reason of this
      paragraph are not required to be made shall be carried forward and taken into
      account in any subsequent adjustment. All calculations under this Section 2
      shall be made to the nearest cent or to the nearest 1/100th of a share, as
      the
      case may be.

     

    2.4 No
      Impairment.
      The
      Company will not, by amendment of its Articles of Incorporation or through
      any
      reorganization, transfer of assets, consolidation, merger, dissolution, issue
      or
      sale of securities or any other voluntary action, avoid or seek to avoid the
      observance or performance of any of the terms to be observed or performed
      hereunder by the Company but will at all times in good faith assist in the
      carrying out of all the provisions of this Section 2 and in the taking of all
      such actions as may be necessary or appropriate in order to protect against
      impairment of the rights of the Holder of this Warrant to adjustments in the
      Exercise Price.

     

    2.5 Notice
      of Adjustment.
      Upon
      any adjustment of the Exercise Price or extension of the Warrant exercise
      period, the Company shall forthwith give written notice thereto to the Holder
      of
      this Warrant describing the event requiring the adjustment, stating the adjusted
      Exercise Price and the adjusted number of shares purchasable upon the exercise
      hereof resulting from such event, and setting forth in reasonable detail the
      method of calculation and the facts upon which such calculation is
      based.

     

    3. Fractional
      Shares.
      The
      Company shall not be required to issue fractions of shares of Common Stock
      upon
      exercise. If any fractions of a share would, but for this Section 3, be issuable
      upon any exercise, in lieu of such fractional share the Company shall round
      up
      or down to the nearest whole number.

    

    4. Limitation
      on Sales.
      Each
      holder of this Warrant acknowledges that this Warrant and the Warrant Shares,
      as
      of the date of original issuance of this Warrant, have not been registered
      under
      the Securities Act of 1933, as amended ("Act"), and agrees not to sell, pledge,
      distribute, offer for sale, transfer or otherwise dispose of this Warrant or
      any
      Warrant Shares issued upon its exercise in the absence of (a) an effective
      registration statement under the Act as to this Warrant or such Warrant Shares
      or (b) an opinion of counsel, reasonably acceptable to the Company, that such
      registration and qualification are not required. Absent prior registration,
      the
      Warrant Shares issued upon exercise thereof shall be imprinted with a legend
      in
      substantially the following form:

    

    THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY STATE SECURITIES LAWS, AND
      MAY
      NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (i) THERE IS AN EFFECTIVE
      REGISTRATION STATEMENT COVERING THE SHARES UNDER THE ACT AND APPLICABLE STATE
      SECURITIES LAWS, (ii) THE COMPANY FIRST RECEIVES AN OPINION FROM AN
      ATTORNEY, REASONABLY ACCEPTABLE TO THE COMPANY, STATING THAT THE PROPOSED
      TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE ACT AND UNDER ALL APPLICABLE
      STATE SECURITIES LAWS, OR (iii) THE TRANSFER IS MADE PURSUANT TO RULE 144
      PROMULGATED UNDER THE ACT.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5. Notices
      of Record Date.
      In
      case: (i) the Company shall take a record of the holders of its Common Stock
      (or
      other stock or securities at the time deliverable upon the exercise of this
      Warrant) for the purpose of entitling or enabling them to receive any dividend
      or other distribution, or to receive any right to subscribe for or purchase
      any
      shares of any class or any other securities, or to receive any other right,
      or
      (ii) of any capital reorganization of the Company, any reclassification of
      the
      capital stock of the Company, any consolidation or merger of the Company with
      or
      into another corporation (other than a consolidation or merger in which the
      Company is the surviving entity), or any transfer of all or substantially all
      of
      the assets of the Company, or (iii) of the voluntary or involuntary dissolution,
      liquidation or winding-up of the Company, then, and in each such case, the
      Company will mail or cause to be mailed to the Holder of this Warrant a notice
      specifying, as the case may be, (i) the date on which a record is to be taken
      for the purpose of such dividend, distribution or right, and stating the amount
      and character of such dividend, distribution or right, or (ii) the effective
      date on which such reorganization, reclassification, consolidation, merger,
      transfer, dissolution, liquidation or winding-up is to take place, and the
      time,
      if any is to be fixed, as of which the holders of record of Common Stock (or
      such other stock or securities at the time deliverable upon the exercise of
      this
      Warrant) shall be entitled to exchange their shares of Common Stock (or such
      other stock or securities) for securities or other property deliverable upon
      such reorganization, reclassification, consolidation, merger, transfer,
      dissolution, liquidation or winding-up. Such notice shall be mailed at least
      ten
      (10) days prior to the record date or effective date for the event specified
      in
      such notice, provided that the failure to mail such notice shall not affect
      the
      legality or validity of any such action.

    

    6. Reservation
      of Stock.
      The
      Company will at all times reserve and keep available, solely for issuance and
      delivery upon the exercise of this Warrant, such shares of Common Stock and
      other stock, securities and property, as from time to time shall be issuable
      upon the exercise of this Warrant.

    

    7. Replacement
      of Warrants.
      Upon
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant and (in the case of loss, theft or
      destruction) upon delivery of an indemnity agreement (with surety if reasonably
      required) in an amount reasonably satisfactory to the Company, or (in the case
      of mutilation) upon surrender and cancellation of this Warrant, the Company
      will
      issue, in lieu thereof, a new Warrant of like tenor.

    

    8. Transfers,
      etc.

    

    8.1 Warrant
      Register.
      The
      Company will maintain a register containing the names and addresses of the
      Holders of this Warrant. Any Holder may change its, his or her address as shown
      on the warrant register by written notice to the Company requesting such
      change.

     

    8.2 Holder.
      Until
      any transfer of this Warrant is made in the warrant register, the Company may
      treat the Holder of this Warrant as the absolute owner hereof for all purposes;
      provided, however, that if and when this Warrant is properly assigned in blank,
      the Company may (but shall not be obligated to) treat the bearer hereof as
      the
      absolute owner hereof for all purposes, notwithstanding any notice to the
      contrary.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    9. No
      Rights as Stockholder.
      Until
      the exercise of this Warrant, the Holder of this Warrant shall not have or
      exercise any rights by virtue hereof as a stockholder of the
      Company.

    

    10. Successors.
      The
      rights and obligations of the parties to this Warrant will inure to the benefit
      of and be binding upon the parties hereto and their respective heirs,
      successors, assigns, pledgees, transferees and purchasers. 

    

    11. Change
      or Waiver.
      Any
      term of this Warrant may be changed or waived only by an instrument in writing
      signed by the party against which enforcement of the change or waiver is
      sought.

    

    12. Headings.
      The
      headings in this Warrant are for purposes of reference only and shall not limit
      or otherwise affect the meaning of any provision of this Warrant.

    

    13. Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of New York. Each party hereby expressly agrees to the jurisdiction of
      the
      courts of the State of New York and hereby waives any claim or defense of
      inconvenient forum. 

    

    14. Mailing
      of Notices, etc.
      All
      notices and other communications under this Warrant (except payment) shall
      be in
      writing and shall be sufficiently given if sent to the Holder or the Company,
      as
      the case may be, by hand delivery, private overnight courier, with
      acknowledgment of receipt, or by registered or certified mail, return receipt
      requested, as follows:

    

    
      	 	
              Holder:

            	
              To
                Holder's address on page 1 of this
                Warrant

            

      	 	 	
              Attention:
                Name of Holder

            

      	 	 	 

    

    
      	 	
              The
                Company:

            	
              To
                the Company's Principal Executive Offices

            

      	 	 	
              Attention:
                President

            

    

     

    or
      to
      such other address as any of them, by notice to the others may designate from
      time to time. Time shall be counted to, or from, as the case may be, the
      delivery in person or by overnight courier or five (5) business days after
      mailing.

    
      	 	 	 
	 	TRUE
              NORTH ENERGY
              CORPORATION
	 
 	 
 	 
 
	 	By:  	
              /s/ John
                Folnovic

              
                

              

            
	 	Name:   
              	John
              Folnovic
	 
              	Title: President

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    NOTICE
      OF EXERCISE

     

    TO:
       True
      North Energy Corporation 

    

    1. The
      undersigned hereby elects to purchase ________ shares of the True North Energy
      Corporation, pursuant to terms of the attached Warrant, and tenders herewith
      payment of the Exercise Price of such shares in full, together with all
      applicable transfer taxes, if any.

     

    2. Please
      issue a certificate or certificates representing said shares of the Common
      Stock
      in the name of the undersigned or in such other name as is specified
      below:

     

    3. The
      undersigned represents that it will sell the shares of Common Stock pursuant
      to
      an effective Registration Statement under the Securities Act of 1933, as
      amended, or an exemption from registration thereunder.

    
      
        	 	 
	 	 
	 	
                (Name)

              
	 	 
	 	 
	 	
                (Address)

              
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	
                (Taxpayer
                  Identification Number)

              

      

    

     

    
      

        
          	 	 
	
                  (Print
                    Name of Holder)

                
	 
	
                  By:

                	 	 
	 
	
                  Date:

                	 	 
	 
	
                  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]