Document:

WARRANT

    

    
      	
               NUMBER
                2006 - Unit Offering (US) #
                «Warrant_Certificate_No»  DATE:

            	
               December
                14,
                2006

            

    

     

    “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
      SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE
      SECURITIES LAWS, AND MAY BE OFFERED, SOLD, PLEDGED, TRANSFERRED OR OTHERWISE
      DISPOSED OF ONLY (A) TO THE CORPORATION; (B) PURSUANT TO A REGISTRATION
      STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH HAS BEEN DECLARED EFFECTIVE
      UNDER THE U.S. SECURITIES ACT; (C) WITHIN THE UNITED STATES IN A TRANSACTION
      THAT DOES NOT REQUIRE REGISTRATIONS UNDER THE U.S. SECURITIES ACT OR APPLICABLE
      STATE SECURITIES LAWS, AND THE SELLER HAS FURNISHED TO THE CORPORATION AN
      OPINION TO SUCH EFFECT FROM COUNSEL OF RECOGNIZED STANDING REASONABLY
      SATISFACTORY TO THE CORPORATION PRIOR TO SUCH OFFER, SALE OR
      TRANSFER.”

    

    Warrant
      to Purchase Common Stock

    Of

    WESCORP
      ENERGY INC.

    

    This
      Warrant to Purchase Common Stock (this "Warrant”) is issued December 14, 2006,
      by Wescorp Energy Inc., a Delaware corporation (the "Company"), to «Name_of_Holder» (the
      "Holder").

    

    1.  Issuance
      of Warrant Term.
      The
      Company hereby grants to Holder, subject to the provisions hereinafter set
      forth, the right to purchase «Number_of_Shares»
      shares
      of common stock $0.001
      Par
      value
      per share, of the Company (the "Common Stock"). The shares of Common Stock
      issuable upon exercise of this Warrant are hereinafter referred to as the
      "Shares". This Warrant shall be exercisable at any time after 4:00 p.m. MST
      on
      December 14, 2006 until 4:00 p.m. MST December 14, 2008 (the "Expiry Date")
      except as provided hereunder or otherwise cancelled or exchanged as provided
      herein. 

    

    2.  Exercise
      Price.
      The
      exercise price per share for which all or any of the Shares may be purchased
      pursuant to the terms of this Warrant shall be US$0.75.

    

    3.  Exercise
      Conditions.

    

    
      	(a)  	
              This
                Warrant may be exercised by Holder in whole or in part, upon delivery
                of
                written notice of intent to the Company at the address of the Company
                set
                forth in Section 11 below or such other address as the Company shall
                designate in written notice to Holder, together with this Warrant
                and
                payment (in the manner described in Section 3(c) below) for the
                aggregate Exercise Price of the Shares so purchased. Upon exercise
                of this
                Warrant as aforesaid, the Company shall as promptly as practicable
                execute
                and deliver to Holder a certificate or certificates for the total
                number
                of whole Shares for which this Warrant is being exercised in such
                names
                and denominations as are requested by Holder. If this Warrant shall
                be
                exercised with respect to less than all of the Shares, Holder shall
                be
                entitled to receive a new Warrant covering the number of Shares in
                respect
                of which this Warrant shall not have been exercised, which new Warrant
                shall in all other respects be identical to this
                Warrant.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(b)  	
              Notwithstanding
                the foregoing, if at any time after one hundred eighty (180) days
                from the
                date of issue of the Warrant and prior to the Expiry Date, the weighted
                average trading price of the Shares on the NSAD OTC Bulletin Board
                (or
                such other stock exchange upon which the common stock of the Company
                may
                be listed and posted for trading), for the previous ten (10) trading
                days
                was at least $1.50 per Share, then the Warrants shall be deemed exercised
                upon the Company sending written notice thereof to the Holder at
                the
                address set forth in Section 11 below. If, within thirty (30) days
                of the
                date of such written notice, the Holder has not delivered this Warrant
                Certificate and payment (in the manner described in Section 3(c)
                below)
                for the aggregate Exercise Price of the Shares, this Warrant shall
                be
                deemed cancelled and of no force and
                effect.

            

    

    

    
      	(c)  	
              Payment
                for the Shares to be purchased upon exercise of this Warrant may
                be made
                by wire transfer or by the delivery of a certified or cashier's check
                payable to the Company for the aggregate Exercise Price of the Shares
                to
                be purchased. All payments shall be in U.S.
                Dollars.

            

    

     

    4.  Covenants
      and Conditions.
      The
      above provisions are subject to the following:

    

    
      	(a)  	
              Neither
                this Warrant nor the Shares have been registered under the Securities
                Act
                of 1933, as amended (the "Act"), or any state securities laws ("Blue
                Sky
                Laws"). This Warrant and the Shares have been acquired by the Holder
                for
                investment purposes and not with a view to distribution or resale,
                and the
                Shares may not be made subject to a security interest, pledged,
                hypothecated, sold or otherwise transferred without an effective
                registration statement therefor under the Act and such applicable
                Blue Sky
                Laws or an opinion of counsel (which opinion and counsel rendering
                same
                shall be reasonably acceptable to the Company) that the registration
                is
                not required under the Act and under any applicable Blue Sky Laws.
                Certificates representing the Shares shall bear substantially the
                following legend:

            

    

    

    “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
      SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE
      SECURITIES LAWS, AND MAY BE OFFERED, SOLD, PLEDGED, TRANSFERRED OR OTHERWISE
      DISPOSED OF ONLY (A) TO THE CORPORATION; (B) PURSUANT TO A REGISTRATION
      STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH HAS BEEN DECLARED EFFECTIVE
      UNDER THE U.S. SECURITIES ACT; (C) WITHIN THE UNITED STATES IN A TRANSACTION
      THAT DOES NOT REQUIRE REGISTRATIONS UNDER THE U.S. SECURITIES ACT OR APPLICABLE
      STATE SECURITIES LAWS, AND THE SELLER HAS FURNISHED TO THE CORPORATION AN
      OPINION TO SUCH EFFECT FROM COUNSEL OF RECOGNIZED STANDING REASONABLY
      SATISFACTORY TO THE CORPORATION PRIOR TO SUCH OFFER, SALE OR
      TRANSFER.”

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Other
      legends as required by applicable federal and state laws may be placed on such
      certificates. Holder and the Company agree to execute such documents and
      instruments as counsel for the Company reasonably deems necessary to effect
      compliance of the issuance of this Warrant and any Shares issued upon exercise
      hereof with applicable federal and state securities laws.

    

    
      	(b)  	
              The
                Company covenants and agrees that all Shares which may be issued
                upon
                exercise of this Warrant will, upon issuance and payment therefor,
                be
                legally and validly issued and outstanding, fully paid and
                non-assessable.

            

    

    

    5.  Warrantholder
      not Stockholder.
      This
      Warrant does not confer upon Holder any voting rights or other rights as a
      stockholder of the Company.

    

    6.  Certain
      Adjustments.

    

    
      	(a)  	
              Capital
                Reorganizations, Mergers, Consolidations or Sales of
                Assets.
                If at any time there shall be a capital reorganization (other than
                a
                combination or subdivision of Common Stock otherwise provided for
                herein),
                a share exchange (subject to and duly approved by the stockholders
                of the
                Company) or a merger or consolidation of the Company with or into
                another
                corporation, or the sale of the Company's properties and assets as,
                or
                substantially as, an entirety to any other person, then, as a part
                of such
                reorganization, share exchange, merger, consolidation or sale, lawful
                provision shall be made so that Holder shall thereafter be entitled
                to
                receive upon exercise of this Warrant, during the period specified
                in this
                Warrant and upon payment of the Exercise Price, the number of shares
                of
                stock or other securities or property of the Company or the successor
                corporation resulting from such reorganization, share, exchange,
                merger,
                consolidation or sale, to which Holder would have been entitled under
                the
                provisions of the agreement in such reorganization, share exchange,
                merger, consolidation or sale if this Warrant had been exercised
                immediately before that reorganization, share exchange, merger,
                consolidation or sale. In any such case, appropriate adjustment (as
                determined in good faith by the Company's Board of Directors) shall
                be
                made in the application of the provisions of this Warrant with respect
                to
                the rights and interests of Holder after the reorganization, share
                exchange, merger, consolidation or sale to the end that the provisions
                of
                this Warrant (including Adjustment of the Exercise Price then in
                effect
                and the number of the Shares) shall be applicable after that event,
                as
                near as reasonably may be, in relation to any shares or other property
                deliverable after that event upon exercise of this
                Warrant.

            

    

    

    
      	(b)  	
              Splits
                and Subdivisions.
                If the Company at any time or from time to time fixes a record date
                for
                the effectuation of a split or subdivision of the outstanding shares
                of
                Common Stock or the determination of the holders of Common Stock
                entitled
                to receive a dividend or other distribution payable in additional
                shares
                of Common Stock or other securities or rights convertible into, or
                entitling the holder thereof to receive directly or indirectly, additional
                shares of Common Stock (hereinafter referred to as the "Common Stock
                Equivalents") without payment of any consideration by such holder
                for the
                additional shares of Common Stock or Common Stock Equivalents, then,
                as of
                such record date (or the date of such distribution, split or subdivision
                if no record date is fixed), the Exercise Price shall (i) in the
                case of a
                split or subdivision, be appropriately decreased and the number of
                the
                Shares shall be appropriately increased in proportion to such increase
                of
                outstanding shares and (ii) in the case of a dividend or other
                distribution, the holder of the warrant shall have the right to acquire
                without additional consideration, upon exercise of the warrant, such
                property or cash as would have been distributed in respect of the
                shares
                of Common Stock for which the warrant was exercisable had such shares
                of
                Common Stock been outstanding on the date of such
                distribution.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	(c)  	
              Combination
                of Shares.
                If the number of shares of Common Stock outstanding at any time after
                the
                date hereof is decreased by a combination or reverse stock split
                of the
                outstanding shares of Common Stock, the Exercise Price shall be
                appropriately increased and the number of the Shares shall be
                appropriately decreased in proportion to such decrease in outstanding
                shares.

            

    

    

    
      	(d)  	
              Adjustments
                for Other Distributions.
                In the event the Company shall declare a distribution payable in
                securities of other persons, evidences of indebtedness issued by
                the
                Company or other persons, assets (excluding cash dividends) or options
                or
                rights not referred to in Section 6(b), upon exercise of this Warrant,
                Holder shall be entitled to a proportionate share of any such distribution
                as though Holder was the holder of the number of shares of Common
                Stock of
                the Company into which this Warrant may be exercised as of the record
                date
                fixed for the determination of the holders of Common Stock of the
                Company
                entitled to receive such
                distribution.

            

    

    

    
      	(e)  	
              Certificate
                as to Adjustments.
                In the case of each adjustment or readjustment of the Exercise Price
                pursuant to this Section 6, the Company will promptly compute such
                adjustment or readjustment in accordance with the terms hereof and
                cause a
                certificate setting forth such adjustment or readjustment and showing
                in
                detail the facts upon which such adjustment or readjustment is based
                to be
                delivered to Holder. The Company will, upon the written request at
                any
                time of Holder, furnish or cause to be furnished to Holder a certificate
                setting forth:

            

    

    

    
      	(i)  
               	
              Such
                adjustment and readjustments;

            

    

    

    
      	(ii)
                	
              The
                Exercise Price at the time in effect;
                and

            

    

    

    
      	(iii)  	
              The
                number of Shares and the amount, if any, of other property at the
                time
                receivable upon the exercise of the
                Warrant.

            

    

    

    
      	(f)  	
              Notices
                of Record Date, etc.
                In
                the event of:

            

    

    

    
      	(i)
                	
              Any
                taking by the Company of a record of the holders of any class of
                securities of the Company for the purpose of determining the holders
                thereof who are entitled to receive any dividends or other distribution,
                or any right to subscribe for, purchase or otherwise acquire any
                shares of
                stock of any class or any other securities or property, or to receive
                any
                other right; or

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	(ii)
                	
              Any
                capital reorganization of the Company, any reclassification or
                recapitalization of the capital stock of the Company or any transfer
                of
                all or substantially all of the assets of the Company to any other
                person
                or any consolidation, share exchange or merger involving the Company;
                or

            

    

    

    
      	(iii)  	
              Any
                voluntary or involuntary dissolution, liquidation or winding up of
                the
                Company, the Company will mail to Holder at least 5 days prior to
                the
                earliest date specified herein, a notice
                specifying:

            

    

    

    
      	A  	
              The
                date on which any such record is to be taken for the purpose of such
                dividend, distribution or right, and the amount and character of
                such
                dividend, distribution or right;
                and

            

    

    

    
      	B  	
              The
                date on which any such reorganization, reclassification, transfer,
                consolidation, share exchange, merger, dissolution, liquidation or
                winding
                up is expected to become effective and the record date for determining
                stockholders entitled to vote
                thereon.

            

    

    

    7.  Reservation
      of Common Stock.
      The
      Company shall at all times reserve and keep available out of its authorized
      but
      unissued shares of Common Stock, solely for the purpose of effecting the
      exercise of this Warrant, such number of its shares of Common Stock as shall
      from time to time be sufficient to effect the exercise of this Warrant, and
      if
      at any time the number of authorized but unissued shares of Common Stock shall
      not be sufficient to effect the exercise of the entire Warrant, in addition
      to
      such other remedies as shall be available to the holder of this Warrant, the
      Company will use commercially reasonable efforts to take such corporate action
      as may, in the opinion of its counsel, be necessary to increase its authorized
      but unissued shares of Common Stock to such number of shares as shall be
      sufficient for such purpose.

    

    8.  Split-Up,
      Combination, Exchange and Transfer of Warrants.
      Subject
      to and limited by the provisions of Section 4(a) hereof, this Warrant may be
      assigned, split up, combined or exchanged for another Warrant or Warrants
      containing the same terms and entitling the Holder to purchase a like aggregate
      number of Shares. If the Holder desires to split up, combine or exchange this
      Warrant, the Holder shall make such request in writing delivered to the Company
      and shall surrender to the Company this Warrant and any other Warrants to be
      so
      assigned, split up, combined or exchanged. Upon any such surrender for a
      split-up, combination or exchange, the Company shall execute and deliver to
      the
      person entitled thereto a Warrant or Warrants, as the case may be, as so
      requested. The Company shall not be required to effect any split-up, combination
      or exchange which will result in the issuance of a Warrant that entitled the
      Warrant holder to purchase upon exercise a fraction of a share of Common Stock
      or a fractional Warrant. The Company may require such Holder to pay a sum
      sufficient to cover any tax or governmental charge that may be imposed in
      connection with any split-up, combination or exchange of Warrants.

    

    9.  Successors
      and Assigns.
      All the
      covenants and provisions of this Warrant shall bind and inure to the benefit
      of
      the Company's successors and assigns, and the heirs, legatees, devisees,
      executors, administrators, personal and legal representatives, and successors
      and permitted assigns of Holder.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    10.  Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of Delaware. 

    

    11.  Address
      for Notices.
      

    

    
      	
              COMPANY:

            	
              HOLDER:
                

            
	
              Michael
                Crozier

              Bryan
                and Company LLP

              2600
                Manulife Place

              10180
                - 101 Street

              Edmonton
                Alberta 

              Canada
                T5J 3Y2

              with
                a copy to:

              The
                Secretary,

              Wescorp
                Energy Inc

              Suite
                770, 435 - 4th
                Avenue S.W

              Calgary,
                Alberta.

              Canada
                T2P 3A8

            	
              «Name_of_Holder»

              «Address»

              «City_State_Zip_Code»

            

    

    

    12.  Regulation
      D.

    

    The
      issuance of this Warrant is subject to the representations of the Holder hereof
      that it is an “accredited investor” as defined by Regulation D of the SEC, and
      the express warranty to the acquisition hereof, in exchange for $1.00, receipt
      of which is acknowledged by Company, that the acquisition was for investment
      and
      not for resale. Investor also warrants it has had access to the filings of
      the
      Company on the SEC EDGAR site at www.sec.gov,
      and has
      had the opportunity to review said filings and ask questions with respect
      thereto and other investment-related questions of management of the Company.
      Neither the Warrant nor Shares acquired hereunder are registered and are
“restricted securities” as that term is used SEC Rule 144. No subsequent
      transfer or assignment may be made hereof, or of any Shares acquired hereunder
      unless to an accredited investor in a transaction exempt from registration
      under
      the Securities Act of 1933 and the laws of any other governing jurisdiction.
      

    

    
      	
              Wescorp
                Energy Inc.

               

              By:
                

              
                

              

              Name:
                Douglas E. Biles

              Title:
                President & CEO

            	 

    

     

    
      
        
        

      

      
        6WARRANT

    

    NUMBER
      2006 - Unit Offering (Can) #«Warrant_Certificate_No»      DATE:
      December 14, 2006

    

    “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
      SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE
      SECURITIES LAWS, AND MAY BE OFFERED, SOLD, PLEDGED, TRANSFERRED OR OTHERWISE
      DISPOSED OF ONLY (A) TO THE CORPORATION; (B) PURSUANT TO A REGISTRATION
      STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH HAS BEEN DECLARED EFFECTIVE
      UNDER THE U.S. SECURITIES ACT; (C) WITHIN THE UNITED STATES IN A TRANSACTION
      THAT DOES NOT REQUIRE REGISTRATIONS UNDER THE U.S. SECURITIES ACT OR APPLICABLE
      STATE SECURITIES LAWS, AND THE SELLER HAS FURNISHED TO THE CORPORATION AN
      OPINION TO SUCH EFFECT FROM COUNSEL OF RECOGNIZED STANDING REASONABLY
      SATISFACTORY TO THE CORPORATION PRIOR TO SUCH OFFER, SALE OR
      TRANSFER.”

    

    "UNLESS
      PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT
      TRADE THE SECURITY BEFORE THE DATE THAT IS FOUR (4) MONTHS AND ONE (1) DAY
      AFTER
      THE LATTER OF DECEMBER 14, 2006; AND (ii) THE DATE THE ISSUER BECAME A REPORTING
      ISSUER IN THE PROVINCE OR TERRITORY."

    Warrant
      to Purchase Common Stock

    Of

    WESCORP
      ENERGY INC.

    

    This
      Warrant to Purchase Common Stock (this "Warrant”) is issued December 14, 2006,
      by Wescorp Energy Inc., a Delaware corporation (the "Company"), to «Holders_Name» (the
      "Holder").

    

    1.  Issuance
      of Warrant Term.
      The
      Company hereby grants to Holder, subject to the provisions hereinafter set
      forth, the right to purchase «Number_of_Shares»
      shares
      of common stock $0.001
      Par
      value
      per share, of the Company (the "Common Stock"). The shares of Common Stock
      issuable upon exercise of this Warrant are hereinafter referred to as the
      "Shares". This Warrant shall be exercisable at any time after 4:00 p.m. MST
      on
      December 14, 2006 until 4:00 p.m. MST December 14, 2008 (the "Expiry Date")
      except as provided hereunder or otherwise cancelled or exchanged as provided
      herein. 

    

    2.  Exercise
      Price.
      The
      exercise price per share for which all or any of the Shares may be purchased
      pursuant to the terms of this Warrant shall be US$0.75.

    

    3.  Exercise
      Conditions.

    

    	(a)  	
            This
              Warrant may be exercised by Holder in whole or in part, upon delivery
              of
              written notice of intent to the Company at the address of the Company
              set
              forth in Section 11 below or such other address as the Company shall
              designate in written notice to Holder, together with this Warrant and
              payment (in the manner described in Section 3(c) below) for the
              aggregate Exercise Price of the Shares so purchased. Upon exercise
              of this
              Warrant as aforesaid, the Company shall as promptly as practicable
              execute
              and deliver to Holder a certificate or certificates for the total number
              of whole Shares for which this Warrant is being exercised in such names
              and denominations as are requested by Holder. If this Warrant shall
              be
              exercised with respect to less than all of the Shares, Holder shall
              be
              entitled to receive a new Warrant covering the number of Shares in
              respect
              of which this Warrant shall not have been exercised, which new Warrant
              shall in all other respects be identical to this
              Warrant.

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	(b)  	
            Notwithstanding
              the foregoing, if at any time after one hundred eighty (180) days from
              the
              date of issue of the Warrant and prior to the Expiry Date, the weighted
              average trading price of the Shares on the NSAD OTC Bulletin Board
              (or
              such other stock exchange upon which the common stock of the Company
              may
              be listed and posted for trading), for the previous ten (10) trading
              days
              was at least $1.50 per Share, then the Warrants shall be deemed exercised
              upon the Company sending written notice thereof to the Holder at the
              address set forth in Section 11 below. If, within thirty (30) days
              of the
              date of such written notice, the Holder has not delivered this Warrant
              Certificate and payment (in the manner described in Section 3(c) below)
              for the aggregate Exercise Price of the Shares, this Warrant shall
              be
              deemed cancelled and of no force and
              effect.

          

    

    	(c)  	
            Payment
              for the Shares to be purchased upon exercise of this Warrant may be
              made
              by wire transfer or by the delivery of a certified or cashier's check
              payable to the Company for the aggregate Exercise Price of the Shares
              to
              be purchased. All payments shall be in U.S.
              Dollars.

          

     

    4.  Covenants
      and Conditions.
      The
      above provisions are subject to the following:

    

    	(a)  	
            Neither
              this Warrant nor the Shares have been registered under the Securities
              Act
              of 1933, as amended (the "Act"), or any state securities laws ("Blue
              Sky
              Laws"). This Warrant and the Shares have been acquired by the Holder
              for
              investment purposes and not with a view to distribution or resale,
              and the
              Shares may not be made subject to a security interest, pledged,
              hypothecated, sold or otherwise transferred without an effective
              registration statement therefor under the Act and such applicable Blue
              Sky
              Laws or an opinion of counsel (which opinion and counsel rendering
              same
              shall be reasonably acceptable to the Company) that the registration
              is
              not required under the Act and under any applicable Blue Sky Laws.
              Certificates representing the Shares shall bear substantially the
              following legend:

          

    

    “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
      SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE
      SECURITIES LAWS, AND MAY BE OFFERED, SOLD, PLEDGED, TRANSFERRED OR OTHERWISE
      DISPOSED OF ONLY (A) TO THE CORPORATION; (B) PURSUANT TO A REGISTRATION
      STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH HAS BEEN DECLARED EFFECTIVE
      UNDER THE U.S. SECURITIES ACT; (C) WITHIN THE UNITED STATES IN A TRANSACTION
      THAT DOES NOT REQUIRE REGISTRATIONS UNDER THE U.S. SECURITIES ACT OR APPLICABLE
      STATE SECURITIES LAWS, AND THE SELLER HAS FURNISHED TO THE CORPORATION AN
      OPINION TO SUCH EFFECT FROM COUNSEL OF RECOGNIZED STANDING REASONABLY
      SATISFACTORY TO THE CORPORATION PRIOR TO SUCH OFFER, SALE OR
      TRANSFER.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    "UNLESS
      PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT
      TRADE THE SECURITY BEFORE THE DATE THAT IS FOUR (4) MONTHS AND ONE (1) DAY
      AFTER
      THE LATTER OF DECEMBER 14, 2006 (DISTRIBUTION DATE);
      AND (ii) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN THE PROVINCE OR
      TERRITORY."

    

    Other
      legends as required by applicable federal and state laws may be placed on such
      certificates. Holder and the Company agree to execute such documents and
      instruments as counsel for the Company reasonably deems necessary to effect
      compliance of the issuance of this Warrant and any Shares issued upon exercise
      hereof with applicable federal and state securities laws.

    

    	(b)  	
            The
              Company covenants and agrees that all Shares which may be issued upon
              exercise of this Warrant will, upon issuance and payment therefor,
              be
              legally and validly issued and outstanding, fully paid and
              non-assessable.

          

    

    5.  Warrantholder
      not Stockholder.
      This
      Warrant does not confer upon Holder any voting rights or other rights as a
      stockholder of the Company.

    

    6.  Certain
      Adjustments.

    

    	(a)  	
            Capital
              Reorganizations, Mergers, Consolidations or Sales of
              Assets.
              If at any time there shall be a capital reorganization (other than
              a
              combination or subdivision of Common Stock otherwise provided for herein),
              a share exchange (subject to and duly approved by the stockholders
              of the
              Company) or a merger or consolidation of the Company with or into another
              corporation, or the sale of the Company's properties and assets as,
              or
              substantially as, an entirety to any other person, then, as a part
              of such
              reorganization, share exchange, merger, consolidation or sale, lawful
              provision shall be made so that Holder shall thereafter be entitled
              to
              receive upon exercise of this Warrant, during the period specified
              in this
              Warrant and upon payment of the Exercise Price, the number of shares
              of
              stock or other securities or property of the Company or the successor
              corporation resulting from such reorganization, share, exchange, merger,
              consolidation or sale, to which Holder would have been entitled under
              the
              provisions of the agreement in such reorganization, share exchange,
              merger, consolidation or sale if this Warrant had been exercised
              immediately before that reorganization, share exchange, merger,
              consolidation or sale. In any such case, appropriate adjustment (as
              determined in good faith by the Company's Board of Directors) shall
              be
              made in the application of the provisions of this Warrant with respect
              to
              the rights and interests of Holder after the reorganization, share
              exchange, merger, consolidation or sale to the end that the provisions
              of
              this Warrant (including Adjustment of the Exercise Price then in effect
              and the number of the Shares) shall be applicable after that event,
              as
              near as reasonably may be, in relation to any shares or other property
              deliverable after that event upon exercise of this
              Warrant.

          

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    	(b)  	
            Splits
              and Subdivisions.
              If the Company at any time or from time to time fixes a record date
              for
              the effectuation of a split or subdivision of the outstanding shares
              of
              Common Stock or the determination of the holders of Common Stock entitled
              to receive a dividend or other distribution payable in additional shares
              of Common Stock or other securities or rights convertible into, or
              entitling the holder thereof to receive directly or indirectly, additional
              shares of Common Stock (hereinafter referred to as the "Common Stock
              Equivalents") without payment of any consideration by such holder for
              the
              additional shares of Common Stock or Common Stock Equivalents, then,
              as of
              such record date (or the date of such distribution, split or subdivision
              if no record date is fixed), the Exercise Price shall (i) in the case
              of a
              split or subdivision, be appropriately decreased and the number of
              the
              Shares shall be appropriately increased in proportion to such increase
              of
              outstanding shares and (ii) in the case of a dividend or other
              distribution, the holder of the warrant shall have the right to acquire
              without additional consideration, upon exercise of the warrant, such
              property or cash as would have been distributed in respect of the shares
              of Common Stock for which the warrant was exercisable had such shares
              of
              Common Stock been outstanding on the date of such
              distribution.

          

    

    	(c)  	
            Combination
              of Shares.
              If the number of shares of Common Stock outstanding at any time after
              the
              date hereof is decreased by a combination or reverse stock split of
              the
              outstanding shares of Common Stock, the Exercise Price shall be
              appropriately increased and the number of the Shares shall be
              appropriately decreased in proportion to such decrease in outstanding
              shares.

          

    

    	(d)  	
            Adjustments
              for Other Distributions.
              In the event the Company shall declare a distribution payable in
              securities of other persons, evidences of indebtedness issued by the
              Company or other persons, assets (excluding cash dividends) or options
              or
              rights not referred to in Section 6(b), upon exercise of this Warrant,
              Holder shall be entitled to a proportionate share of any such distribution
              as though Holder was the holder of the number of shares of Common Stock
              of
              the Company into which this Warrant may be exercised as of the record
              date
              fixed for the determination of the holders of Common Stock of the Company
              entitled to receive such distribution.

          

    

    	(e)  	
            Certificate
              as to Adjustments.
              In the case of each adjustment or readjustment of the Exercise Price
              pursuant to this Section 6, the Company will promptly compute such
              adjustment or readjustment in accordance with the terms hereof and
              cause a
              certificate setting forth such adjustment or readjustment and showing
              in
              detail the facts upon which such adjustment or readjustment is based
              to be
              delivered to Holder. The Company will, upon the written request at
              any
              time of Holder, furnish or cause to be furnished to Holder a certificate
              setting forth:

          

    

    	(i)  	
            Such
              adjustment and readjustments;

          

    

    	(ii)  	
            The
              Exercise Price at the time in effect; and

          

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    	(iii)  	
            The
              number of Shares and the amount, if any, of other property at the time
              receivable upon the exercise of the
              Warrant.

          

    

    	(f)  	
            Notices
              of Record Date, etc.
              In
              the event of:

          

    

    	(i)  	
            Any
              taking by the Company of a record of the holders of any class of
              securities of the Company for the purpose of determining the holders
              thereof who are entitled to receive any dividends or other distribution,
              or any right to subscribe for, purchase or otherwise acquire any shares
              of
              stock of any class or any other securities or property, or to receive
              any
              other right; or

          

    

    	(ii)  	
            Any
              capital reorganization of the Company, any reclassification or
              recapitalization of the capital stock of the Company or any transfer
              of
              all or substantially all of the assets of the Company to any other
              person
              or any consolidation, share exchange or merger involving the Company;
              or

          

    

    	(iii)  	
            Any
              voluntary or involuntary dissolution, liquidation or winding up of
              the
              Company, the Company will mail to Holder at least 5 days prior to the
              earliest date specified herein, a notice
              specifying:

          

    

    	A  	
            The
              date on which any such record is to be taken for the purpose of such
              dividend, distribution or right, and the amount and character of such
              dividend, distribution or right; and

          

    

    	B  	
            The
              date on which any such reorganization, reclassification, transfer,
              consolidation, share exchange, merger, dissolution, liquidation or
              winding
              up is expected to become effective and the record date for determining
              stockholders entitled to vote thereon.

          

    

    7.  Reservation
      of Common Stock.
      The
      Company shall at all times reserve and keep available out of its authorized
      but
      unissued shares of Common Stock, solely for the purpose of effecting the
      exercise of this Warrant, such number of its shares of Common Stock as shall
      from time to time be sufficient to effect the exercise of this Warrant, and
      if
      at any time the number of authorized but unissued shares of Common Stock shall
      not be sufficient to effect the exercise of the entire Warrant, in addition
      to
      such other remedies as shall be available to the holder of this Warrant, the
      Company will use commercially reasonable efforts to take such corporate action
      as may, in the opinion of its counsel, be necessary to increase its authorized
      but unissued shares of Common Stock to such number of shares as shall be
      sufficient for such purpose.

    

    8.  Split-Up,
      Combination, Exchange and Transfer of Warrants.
      Subject
      to and limited by the provisions of Section 4(a) hereof, this Warrant may be
      assigned, split up, combined or exchanged for another Warrant or Warrants
      containing the same terms and entitling the Holder to purchase a like aggregate
      number of Shares. If the Holder desires to split up, combine or exchange this
      Warrant, the Holder shall make such request in writing delivered to the Company
      and shall surrender to the Company this Warrant and any other Warrants to be
      so
      assigned, split up, combined or exchanged. Upon any such surrender for a
      split-up, combination or exchange, the Company shall execute and deliver to
      the
      person entitled thereto a Warrant or Warrants, as the case may be, as so
      requested. The Company shall not be required to effect any split-up, combination
      or exchange which will result in the issuance of a Warrant that entitled the
      Warrant holder to purchase upon exercise a fraction of a share of Common Stock
      or a fractional Warrant. The Company may require such Holder to pay a sum
      sufficient to cover any tax or governmental charge that may be imposed in
      connection with any split-up, combination or exchange of Warrants.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    9.  Successors
      and Assigns.
      All the
      covenants and provisions of this Warrant shall bind and inure to the benefit
      of
      the Company's successors and assigns, and the heirs, legatees, devisees,
      executors, administrators, personal and legal representatives, and successors
      and permitted assigns of Holder.

    

    10.  Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of Delaware. 

    

    11.  Address
      for Notices.
      

    

    
      	
              COMPANY:

            	
              HOLDER:
                

            
	
              Michael
                Crozier

              Bryan
                and Company LLP

              2600
                Manulife Place

              10180
                - 101 Street

              Edmonton
                Alberta 

              Canada
                T5J 3Y2

               

              with
                a copy to:

               

              The
                Secretary,

              Wescorp
                Energy Inc

              Suite
                770, 435 - 4th
                Avenue S.W

              Calgary,
                Alberta.

              Canada
                T2P 3A8

            	
              «Holders_Name»

              «Address»

              «City_Province__Postal»

            

    

     

    12.  Regulation
      D.

    

    The
      issuance of this Warrant is subject to the representations of the Holder hereof
      that it is an “accredited investor” as defined by Regulation D of the SEC, and
      the express warranty to the acquisition hereof, in exchange for $1.00, receipt
      of which is acknowledged by Company, that the acquisition was for investment
      and
      not for resale. Investor also warrants it has had access to the filings of
      the
      Company on the SEC EDGAR site at www.sec.gov,
      and has
      had the opportunity to review said filings and ask questions with respect
      thereto and other investment-related questions of management of the Company.
      Neither the Warrant nor Shares acquired hereunder are registered and are
“restricted securities” as that term is used SEC Rule 144. No subsequent

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    transfer
      or assignment may be made hereof, or of any Shares acquired hereunder unless
      to
      an accredited investor in a transaction exempt from registration under the
      Securities Act of 1933 and the laws of any other governing jurisdiction.

    

    
      	
              Wescorp
                Energy Inc.

               

              By:
                _______________________________

               

              Name:
                Douglas E. Biles

              Title:
                President & CEO

            	 

    

    

    
      
         

      

      
        7

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