Document:

exv10w1

 

Exhibit 10.1

Warrant No. _____

LA JOLLA PHARMACEUTICAL COMPANY

COMMON STOCK WARRANT

     This certifies that                                         , or transferees or assigns(the “Holder”), for
value received, is entitled to purchase from La Jolla Pharmaceutical Company (the
“Company”), subject to the terms set forth below, a maximum of                                          fully-paid
and nonassessable shares (subject to adjustment as provided herein) of the Company’s Common Stock,
par value $0.01 per share, (the “Warrant Shares”) for cash at a price of $2.15 per share
(the “Exercise Price”) (subject to adjustment as provided herein) at any time or from time
to time on or after May 12, 2008 (the “Initial Exercise Date”) and up to and including 5:00
p.m. (New York City Time) on May 12, 2013 (the “Expiration Date”) upon surrender to the
Company at its principal office (or at such other location as the Company may advise the Holder in
writing) of this Warrant properly endorsed with the Notice of Subscription attached hereto duly
completed and signed and upon payment in cash or by check of the aggregate Exercise Price for the
number of shares for which this Warrant is being exercised determined in accordance with the
provisions hereof. The Exercise Price is subject to adjustment as provided in Section 4 of this
Warrant. This Warrant is issued subject to the following terms and conditions:

     1. Exercise, Issuance of Certificates. The Holder may exercise this Warrant at any
time or from time to time on or after the Initial Exercise Date and on or prior to the Expiration
Date, for all or any part of the Warrant Shares (but not for a fraction of a share) which may be
purchased hereunder, as that number may be adjusted pursuant to Section 4 of this Warrant. The
Company agrees that the Warrant Shares purchased under this Warrant shall be and are deemed to be
issued to the Holder hereof as the record owner of such Warrant Shares as of the close of business
on the date on which this Warrant shall have been surrendered, properly endorsed and accompanied or
preceded by a completed and executed Notice of Subscription, in the form attached hereto, and
payment made for such Warrant Shares in accordance with the terms of this Warrant (such date, a
“Date of Exercise”). Certificates for the Warrant Shares so purchased, together with any
other securities or property to which the Holder hereof is entitled upon such exercise, shall be
delivered to the Holder hereof by the Company at the Company’s expense as soon as practicable after
the rights represented by this Warrant have been so exercised, but in any event not later than the
third trading day following the Date of Exercise. In case of a purchase of less than all the
Warrant Shares which may be purchased under this Warrant, the Company shall cancel this Warrant and
execute and deliver to the Holder hereof within a reasonable time (but in any event within ten (10)
business days of surrender) a new Warrant or Warrants of like tenor for the balance of the Warrant
Shares purchasable under the Warrant surrendered upon such purchase.

     2. Registration Statement; Cashless Exercise during Restrictive Period.

          2.1. Registration Statement. The Company covenants and agrees that it will use
commercially reasonable efforts to maintain an effective registration statement covering the
issuance of the Warrant Shares until the earliest of (i) the date this Warrant is exercised in
full, (ii) the redemption of this Warrant pursuant to Section 5 hereof, (iii) the termination of
this Warrant pursuant to Section 9 hereof and (iv) the Expiration Date.

1

 

          2.2. Cashless Exercise. If during the pendency of any “Restrictive Period” (as
defined below) this Warrant is exercised, then the Warrant shall be exercised at such time only by
means of a “cashless exercise” in which the Holder shall be entitled to receive a certificate for
the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

	 	 	 
	(A) =

	 	the closing price of the Company’s Common Stock (the
“Common Stock”) on the business day immediately prior to the Exercise
Date (the “Fair Market Value”);
	 
	 	 
	(B) =

	 	the Exercise Price of the Warrants, as adjusted in
accordance with the term of this Warrant; and
	 
	 	 
	(X) =

	 	the number of Warrant Shares for which the Holder is then
seeking to exercise this Warrant (but in no event a number of Warrant Shares in
excess of that for which this Warrant is then exercisable).

     This Warrant may only be exercised as permitted under Sections 1 and 2; in no event will the
Holder be entitled to cash settlement upon exercise of this Warrant.

          2.3. Company-Elected Conversion. The Company shall provide to the Holder prompt
written notice of the commencement or termination of any Restrictive Period. For purposes of this
Warrant, a “Restrictive Period” shall mean any time during which the Company shall be unable, due
to the registration requirements of then-applicable federal or state securities laws, to issue and
sell to the Holder Warrant Shares upon exercise of this Warrant because (a) the Securities and
Exchange Commission (the “Commission”) has issued a stop order with respect to the
Company’s Registration Statement on Form S-3 (File No. 333-145009) (or any subsequent registration
statement filed with respect to the Warrant Shares) (the “Registration Statement”), (b) the
Commission otherwise has suspended or withdrawn the effectiveness of the Registration Statement,
either temporarily or permanently, (c) the Company has suspended or withdrawn the effectiveness of
the Registration Statement, either temporarily or permanently or (d) for any other reason. To the
extent that a Restrictive Period commences after the Holder has exercised this Warrant in
accordance with Section 1 and is continuing at the time when the Company would otherwise be
obligated to deliver Warrant Shares to the Holder in accordance with this Warrant, the Company
shall (i) if the Fair Market Value of the Warrant Shares is greater than the Exercise Price,
provide written notice to the Holder that the Company will deliver that number of Warrant Shares to
the Holder as should be delivered in a “cashless exercise” in accordance with Section 2.1, and
return to the Holder all consideration paid to the Company in connection with the Holder’s
attempted exercise of this Warrant pursuant to Section 1 (a “Company-Elected Conversion”),
or (ii) at the election of the Holder to be given within five (5) days of receipt of notice of a
Company-Elected Conversion, the Holder shall be entitled to rescind the previously submitted Notice
of Exercise, in which event the Company shall return all consideration paid by Holder for such
shares upon such rescission.

     3. Shares to be Fully Paid; Reservation of Shares. The Company covenants and agrees
that all Warrant Shares will, upon issuance and, if applicable, payment of the applicable Exercise
Price, be duly authorized, validly issued, fully paid and non-assessable, and free of all

2

 

preemptive rights, liens and encumbrances, except for restrictions on transfer provided for
herein. The Company shall at all times reserve and keep available out of its authorized and
unissued Common Stock, solely for the purpose of providing for the exercise of the rights to
purchase all Warrant Shares granted pursuant to this Warrant, such number of shares of Common Stock
as shall, from time to time, be sufficient therefor.

     4. Adjustment of Exercise Price and Number of Shares. The Exercise Price and the
total number of Warrant Shares shall be subject to adjustment from time to time upon the occurrence
of certain events described in this Section 4. Upon each adjustment of the Exercise Price, the
Holder of this Warrant shall thereafter be entitled to purchase, at the Exercise Price resulting
from such adjustment, the number of shares obtained by multiplying the Exercise Price in effect
immediately prior to such adjustment by the number of shares purchasable pursuant hereto
immediately prior to such adjustment, and dividing the product thereof by the Exercise Price
resulting from such adjustment.

          4.1. Subdivision or Combination of Stock. In the event the outstanding shares of the
Company’s Common Stock shall be increased, by a stock dividend payable in Common Stock, stock
split, subdivision, or other similar transaction occurring after the date hereof, into a greater
number of shares of Common Stock, the Exercise Price in effect immediately prior to such
subdivision shall be proportionately reduced and the number of Warrant Shares issuable hereunder
proportionately increased. Conversely, in the event the outstanding shares of the Company’s Common
Stock shall be decreased by reverse stock split, combination, consolidation, or other similar
transaction occurring after the date hereof into a lesser number of shares of Common Stock, the
Exercise Price in effect immediately prior to such combination shall be proportionately increased
and the number of Warrant Shares issuable hereunder proportionately decreased.

          4.2. Reclassification. If any reclassification of the capital stock of the Company or
any reorganization, consolidation, merger, or any sale, lease, license, exchange or other transfer
(in one transaction or a series of related transactions) of all or substantially all, of the
business and/or assets of the Company (each, a “Reclassification Event”) shall be effected
in such a way that holders of Common Stock shall be entitled to receive stock, securities, or other
assets or property, then, as a condition of such Reclassification Event, lawful and adequate
provisions shall be made whereby the Holder hereof shall thereafter have the right to purchase and
receive (in lieu of the shares of the Company’s Common Stock immediately theretofore purchasable
and receivable upon the exercise of the rights represented hereby) such shares of stock,
securities, or other assets or property as would have been issuable or payable with respect to or
in exchange for that number of outstanding shares of such Common Stock that would have been
immediately theretofore purchasable and receivable upon the exercise of the rights represented
hereby. In any Reclassification Event, appropriate provision shall be made with respect to the
rights and interests of the Holder of this Warrant to the end that the provisions hereof
(including, without limitation, provisions for adjustments of the Exercise Price and of the number
of Warrant Shares), shall thereafter be applicable, as nearly as may be, in relation to any shares
of stock, securities, or assets thereafter deliverable upon the exercise hereof.

          4.3. Notice of Adjustment. Upon any adjustment of the Exercise Price or any increase
or decrease in the number of Warrant Shares or change in the nature of the stock,

3

 

securities or other assets or property purchasable or receivable upon exercise of this
Warrant, the Company shall give written notice thereof at the address of such Holder as shown on
the books of the Company. The notice shall be prepared and signed by the Company’s Chief Executive
Officer or Chief Financial Officer, shall state the Exercise Price resulting from such adjustment
and the increase or decrease, if any, in the number of shares purchasable at such price upon the
exercise of this Warrant, or the nature and extent of any other adjustment contemplated by this
Warrant, and shall set forth in reasonable detail the method of calculation and the facts upon
which such calculation is based.

     5. Redemption. Subject to the provisions of this Section 5, at any time after the
Initial Exercise Date, if (i) the last reported sale price of the Common Stock on the principal
stock exchange or quotation service on which the Common Stock trades is greater than 200% of the
Exercise Price (as the same may be adjusted pursuant to Section 4 hereof) for at least ten (10)
trading days during any consecutive thirty (30)-day period and (ii) the Company has fully honored,
in accordance with the terms of this Warrant, all Notices of Subscription delivered prior to 5:00
p.m. (New York City time) on the Call Date (as defined below), then the Company may redeem this
Warrant at a price of $1.00 (the “Redemption Price”). To exercise this right, the Company
shall, not less than thirty (30) days prior to the Call Date, deliver to the Holder an irrevocable
written notice (the “Call Notice”) informing the Holder that the Common Stock has traded at
the required levels for the specified time periods and specifying the date on which the Company
shall redeem this Warrant in accordance with this Section 5 (the “Call Date”). If the
Warrant is not exercised on or before the Call Date, then this Warrant shall be cancelled at 5:00
p.m. (New York City time) on the Call Date, and the Company shall thereafter deliver the Redemption
Price to such Holder at its address of record. The Company covenants and agrees that it will honor
all Notices of Subscription with respect to Warrant Shares that are tendered from the time of
delivery of the Call Notice through 5:00 p.m. (New York City time) on the Call Date. For the
avoidance of doubt, the Company’s delivery to Holder of the Redemption Price of $1.00 shall be
effective to redeem this Warrant in its entirety pursuant to this Section 5.

     6. Transfer. This Warrant may be offered for sale, sold, transferred or assigned
without the consent of the Company.

     7. No Voting or Dividend Rights. Nothing contained in this Warrant shall be construed
as conferring upon the holder hereof the right to vote or to consent to receive notice as a
stockholder of the Company on any other matters or any rights whatsoever as a stockholder of the
Company. No dividends or interest shall be payable or accrued in respect of this Warrant or the
interest represented hereby or the shares purchasable hereunder until, and only to the extent that,
this Warrant shall have been exercised.

     8. Compliance with Securities Act. The Holder of this Warrant, by acceptance hereof,
agrees that this Warrant is being acquired for Holder’s own account and not for any other person or
persons, for investment purposes and that it will not offer, sell, or otherwise dispose of this
Warrant except under circumstances which will not result in a violation of the Securities Act of
1933 or any applicable state securities laws.

4

 

     9. Modification and Waiver. This Warrant and any provision hereof may be changed,
waived, discharged, or terminated only by an instrument in writing signed by the party against whom
enforcement of the same is sought.

     10. Notices. Any notice, request, or other document required or permitted to be given
or delivered to the Holder hereof or the Company shall be delivered by hand or messenger or shall
be sent by certified mail, postage prepaid, or by overnight courier to each such Holder at its
address as shown on the books of the Company or to the Company at its principal place of business
or such other address as either may from time to time provide to the other. Each such notice or
other communication shall be treated as effective or having been given: (i) when delivered if
delivered personally, (ii) if sent by registered or certified mail, at the earlier of its receipt
or three business days after the same has been registered or certified as aforesaid, (iii) if sent
by overnight courier, on the next business day after the same has been deposited with a nationally
recognized courier service, or (iv) the date of transmission, if such notice or communication is
delivered via facsimile prior to 5:00 p.m. (New York City time) on a trading day at a facsimile
number as either may from time to time provide to the other and a confirming copy of such notice is
sent the same day by first class mail.

     11. Governing Law. All questions concerning the construction, validity, enforcement
and interpretation of this Warrant shall be governed by and construed and enforced in accordance
with the internal laws of the State of New York, without regard to the principles of conflicts of
law thereof. Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of this Warrant and the transactions herein contemplated
(“Proceedings”) (whether brought against a party hereto or its respective Affiliates,
employees or agents) shall be commenced exclusively in the state and federal courts sitting in the
City of New York (the “Courts”). Each party hereto hereby irrevocably submits to the
exclusive jurisdiction of the Courts for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any Proceeding, any claim that it is not personally subject to
the jurisdiction of any Court, or that such Proceeding has been commenced in an improper or
inconvenient forum. Each party hereto hereby irrevocably waives personal service of process and
consents to process being served in any such Proceeding by mailing a copy thereof via registered or
certified mail or overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Warrant and agrees that such service shall constitute good and
sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any manner permitted by law. Each party hereto hereby
irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial
by jury in any legal proceeding arising out of or relating to this Warrant or the transactions
contemplated hereby. If either party shall commence a Proceeding to enforce any provisions of this
Warrant, then the prevailing party in such Proceeding shall be reimbursed by the other party for
its reasonable attorney’s fees and other costs and expenses incurred with the investigation,
preparation and prosecution of such Proceeding.

     12. Lost or Stolen Warrant. Upon receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such
loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or
in the case of any such mutilation, upon surrender and cancellation of such Warrant, the

5

 

Company, at its expense, will make and deliver a new Warrant, of like tenor, in lieu of the
lost, stolen, destroyed or mutilated Warrant.

     13. Fractional Shares. No fractional shares shall be issued upon exercise of this
Warrant. The Company shall, in lieu of issuing any fractional share, pay the Holder entitled to
such fraction a sum in cash equal to such fraction (calculated to the nearest 1/100th of a share)
multiplied by the then effective Exercise Price on the date the Notice of Subscription is received
by the Company.

     14. Acknowledgement. Upon the request of the Holder, the Company will at any time
during the period this Warrant is outstanding acknowledge in writing, in a form reasonably
satisfactory to Holder, the continued validity of this Warrant and the Company’s obligations
hereunder.

     15. Successors and Assigns. This Warrant and the rights evidenced hereby shall inure
to the benefit of and be binding upon the successors of the Company and the successors and assigns
of the Holder. The provisions of this Warrant are intended to be for the benefit of all Holders
from time to time of this Warrant (including all transferees or assigns of the initial Holder and
any subsequent transferees or assigns), and shall be enforceable by any such Holder.

     16. Severability of Provisions. In case any one or more of the provisions of this
Warrant shall be invalid or unenforceable in any respect, the validity and enforceability of the
remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby
and the parties will attempt in good faith to agree upon a valid and enforceable provision which
shall be a commercially reasonable substitute therefor, and upon so agreeing, shall incorporate
such substitute provision in this Warrant.

[Remainder of page intentionally blank]

6

 

     IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its officer,
thereunto duly authorized on this ___day of May 2008.

	 	 	 	 	 
	 	La Jolla Pharmaceutical Company,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Name:  	Deidre Y. Gillespie, M.D. 	 
	 	 	Title:  	President and Chief
Executive Officer 	 
	 

7

 

NOTICE OF SUBSCRIPTION

(To be signed only upon exercise of Warrant)

To: La Jolla Pharmaceutical Company

     The undersigned, the holder of the attached Common Stock Warrant, hereby elects to exercise
the purchase right represented by such Warrant for, and to purchase thereunder,
                                        1 shares of Common Stock of La Jolla Pharmaceutical Company and either
(check one):

                          makes payment of $                                         therefor; or

                          makes a “cashless exercise” as required by Section 2 of the Warrant.

     By its delivery of this Notice of Subscription, the undersigned represents and warrants to the
Company that in giving effect to the exercise evidenced hereby the Holder will not beneficially own
in excess of the number of shares of Common Stock (determined in accordance with Section 13(d) of
the Securities Exchange Act of 1934) permitted to be owned under Warrant to which this notice
relates.

The undersigned requests that certificates for such shares be issued in the name of, and delivered

to:                                                                    
             

whose address is:                                                                 
                

DATED:                                         

	 	 	 	 	 
	 	 	 
	 	 	(Signature must conform in all respects to name of
Holder as specified on the face of the Warrant)
	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

			
	1	 	Insert here the number of shares called for on the
face of the Warrant (or, in the case of a partial exercise, the portion thereof
as to which the Warrant is being exercised), in either case without making any
adjustment for any stock or other securities or property or cash which,
pursuant to the adjustment provisions of the Warrant, may be deliverable upon
exercise.

8form8k050508ex4-1.htm

    THE
SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, NOR ANY OTHER APPLICABLE SECURITIES ACT (THE “ACTS”), AND MAY
NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR OTHERWISE DISTRIBUTED, UNLESS
THERE IS AN  EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACTS COVERING
SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF
THESE SECURITIES (CONCURRED ON BY COUNSEL FOR THE COMPANY) STATING THAT SUCH
SALE, TRANSFER, ASSIGNMENT, PLEDGE OR DISTRIBUTION IS EXEMPT FROM OR IN
COMPLIANCE WITH THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH
ACTS.

    

    Exercisable
on or before

    the
Expiration of Warrant Date

    (as
defined in Section 8 below)

    

    

    WARRANT
TO PURCHASE

    COMMON
STOCK

    

    of

    

    BIG
CAT ENERGY CORPORATION

    (a
Nevada Corporation)

    

    WARRANT
NO. ____

    

    THIS
CERTIFIES THAT, for value received, ________________ (the “Holder”) is entitled
to subscribe for and purchase ___________________________ (______) shares (as
adjusted pursuant to Section 3 hereof) of the fully paid and nonassessable
Common Stock, $0.0001 par value (the “Shares”) of Big Cat Energy Corp., a Nevada
corporation (the “Company”), at the price of seventy-five cents ($0.75) per
share (the “Exercise Price”) (as adjusted pursuant to Section 3 hereof), subject
to the provisions and upon the terms and conditions hereinafter set
forth.

    

    This
Warrant is issued pursuant to and subject to the provisions of a certain
Subscription Agreement (the “Agreement”), dated as of ___________, 2008, by and
among the Company and the Holder.

    

    1. Method of Exercise;
Payment.

    

    (a) Exercise.  The
purchase rights represented by 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 as Exhibit A duly executed) at the principal office of the
Company, and by the payment to the Company, by cash in the form of certified,
cashier's or other check acceptable to the Company in an amount equal to the
aggregate Exercise Price of the Shares being purchased.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b) Stock
Certificates.  In the event of any exercise of the rights
represented by this Warrant, certificates for the Shares so purchased shall be
delivered to the Holder within a reasonable time and, unless this Warrant has
been fully exercised or has expired, a new Warrant representing the shares with
respect to which this Warrant shall not have been exercised shall also be issued
to the Holder within such time.

    

    2. Stock Fully Paid;
Reservation of Shares.  All of the Shares issuable upon the
exercise of the rights represented by this Warrant will, upon issuance and
receipt of the Exercise Price therefor, be fully paid and nonassessable, and
free from all taxes, liens and charges with respect to the issue
thereof.  During the period within which the rights represented by
this Warrant may be exercised, the Company shall at all times have authorized
and reserved for issuance sufficient shares of its undesignated Common
Stock  to provide for the exercise of the rights represented by this
Warrant.

    

    3. Adjustments.  Subject
to the provisions of Section 11 hereof, the number and kind of securities
purchasable upon the exercise of this Warrant and the Exercise Price therefor
shall be subject to adjustment from time to time upon the occurrence of certain
events, as follows:

    

    (a) Reclassification.  In
case of any reclassification or change of the Common Stock (other than a change
in par value, or as a result of a subdivision or combination), the Company shall
execute a new Warrant, providing that the holder of this Warrant shall have the
right to exercise such new Warrant, and procure upon such exercise and payment
of the same aggregate Exercise Price, in lieu of the shares of the Common Stock
theretofore issuable upon exercise of this Warrant, the kind and amount of
shares of stock, other securities, money and property receivable upon such
reclassification or change, by a holder of an equivalent number of shares of
Common Stock.  Such new Warrant shall provide for adjustments which
shall be as nearly equivalent as may be practicable to the adjustments provided
for in this Section 3. The provisions of this subsection (a), subject to Section
11 hereof, shall similarly apply to successive reclassifications or
changes.

    

    (b) Stock Splits, Dividends and
Combinations. In the event that the Company shall at any time subdivide
the outstanding shares of Common Stock or shall issue a stock dividend on its
outstanding shares of Common Stock the number of Shares issuable upon exercise
of this Warrant immediately prior to such subdivision or to the issuance of such
stock dividend shall be proportionately increased, and the Exercise Price shall
be proportionately decreased, and in the event that the Company shall at any
time combine the outstanding shares of Common Stock the number of Shares
issuable upon exercise of this Warrant immediately prior to such combination
shall be proportionately decreased, and the Exercise Price shall be
proportionately increased, effective at the close of business on the date of
such subdivision, stock dividend or combination, as the case may
be.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4. Notice of
Adjustments. Whenever the number of Shares purchasable hereunder or the
Exercise Price thereof shall be adjusted pursuant to Section 3 hereof, the
Company shall provide notice to the Holder setting forth, in reasonable detail,
the event requiring the adjustment, the amount of the adjustment, the method by
which such adjustment was calculated, and the number and class of Shares which
may be purchased and the Exercise Price therefor after giving effect to such
adjustment.

    

    5. Fractional
Shares.  This Warrant may not be exercised for fractional
shares.  In lieu of fractional shares the Company shall make a cash
payment therefor based upon the fair market value of the Shares or may round the
shares to be issued to the nearest whole share.

    

    6. Restrictive Legend;
Restrictions Upon Transfer.  The Shares (unless registered
under the Act) shall be stamped or imprinted with a restrictive legend and will
be subject to restrictions on transfer, in each case as provided herein and in
the Agreement.

    

    7. Rights of
Shareholders. No holder of this Warrant shall be entitled, as a Warrant
holder, to vote or receive dividends or be deemed the holder of the Shares or
any other securities of the Company which may at any time be issuable on the
exercise hereof for any purpose, nor shall anything contained herein be
construed to confer upon the holder of this Warrant, as such, any of the rights
of a stockholder of the Company or any right to vote for the election of
directors or upon any matter submitted to shareholders at any meeting thereof,
or to give or withhold consent to any corporate action (whether upon any
recapitalization, issuance of stock, reclassification of stock, change of par
value, consolidation, merger, conveyance, or otherwise) or to receive notice of
meetings, or to receive dividends or subscription rights or otherwise until the
Warrant shall have been exercised and the Shares purchasable upon the exercise
hereof shall have become deliverable, as provided herein.

    

    8. Expiration of
Warrant. This Warrant shall expire and shall no longer be exercisable at
5:00 p.m. Mountain Time, on ______________, 2011, a date exactly three (3) years
from the date of the purchase of the Warrant.

    

    9. Assignment.  Neither
this Warrant nor any of the rights, interests or obligations hereunder may be
assigned, by operation of law or otherwise, in whole or in part, by the Company
or the Holder without the prior written consent of the other, except in
connection with an assignment in whole to a successor corporation to the
Company, provided that such successor corporation acquires all or substantially
all of the Company's property and assets and the Holder's rights hereunder are
not impaired.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10. Notices. All notices
and other communications required or permitted hereunder shall be in writing,
shall be effective when given, and shall in any event be deemed to be given upon
receipt or, if earlier, (a) five (5) days after deposit with the U.S. Postal
Service or other applicable postal service, if delivered by first class mail,
postage prepaid, (b) upon delivery, if delivered by hand, (c) one business day
after the business day of deposit with Federal Express or similar overnight
courier, freight prepaid for priority overnight delivery, or (d) one business
day after the business day of facsimile transmission, if delivered by facsimile
transmission with copy by first class mail, postage prepaid, and shall be to the
address set forth for such party in the Agreement or at such other address as a
party may designate by ten days advance written notice to the other party
pursuant to the provisions above.

    

    11. Reorganization,
Reclassification, Consolidation, Merger or Sale.  If any
reorganization of the capital stock of the Company, or any consolidation or
merger of the Company with another corporation, or the sale of all or
substantially all of its assets to another corporation shall be effected in such
a way that holders of Common Stock shall be entitled to receive stock,
securities, or other assets or property, then, as a condition of such
reorganization, reclassification, consolidation, merger or sale, lawful and
adequate provisions shall be made whereby the holder hereof shall thereafter
have the right to purchase and receive (in lieu of the shares of the Common
Stock of the Company immediately theretofore purchasable and receivable upon the
exercise of the rights represented hereby) such shares of stock, securities or
other assets or property as may be issued or payable with respect to or in
exchange for a number of outstanding shares of Common Stock, equal to the number
of shares of such stock immediately theretofore purchasable and receivable upon
the exercise of the rights represented hereby.  In any reorganization
described above, appropriate provision shall be made with respect to the rights
and interests of the Holder of this Warrant that the provisions hereof
(including, without limitation, provisions for adjustments of the Exercise Price
and of the number of shares purchasable and receivable upon the exercise of this
Warrant) shall thereafter be applicable, as nearly as may be, in relation to any
shares of stock, securities or assets thereafter deliverable upon the exercise
hereof.

    

    12. Governing Law. This
Warrant shall be governed by and construed under the laws of the State of
Nevada.

    

    IN
WITNESS WHEREOF, the Company has caused this Warrant to be issued as of the date
first written above.

    

    

    BIG CAT
ENERGY CORPORATION

    

    

    

    By:
_________________________

          Timothy
G. Barritt

          President

    

    

    Attachment

    Exhibit
A - Notice of Exercise

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

    

    EXHIBIT
A

    

    NOTICE OF
EXERCISE

    

    

    To:                     
Big Cat Energy Corporation

    Attention:         
President

    

    1. The
undersigned hereby elects to purchase __________ shares of Common Stock of Big
Cat Energy Corp. (the “Company”) pursuant to the terms of the attached
Warrant.

    

    2. The
undersigned elects to exercise the attached Warrant by means of a cash payment,
and tenders herewith payment in full for the purchase price of the shares being
purchased.

    

    3. Please
issue a certificate or certificates representing said Warrant Shares in the name
of the undersigned.

    

    

    

    ________________________________

    

    [Investor
Name]

    Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]