SEC Contract Filing

Filing Date: 2015-08-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v417075_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS WARRANT AND THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;<I>ACT</I>&rdquo;). THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: right"><B>Warrant No. ___________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: right"><B>________, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SEARCHLIGHT MINERALS CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>WARRANT TO PURCHASE
COMMON STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">****<B>__________</B> Shares of Common Stock****</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS WARRANT CERTIFIES
THAT, for value received, <B>______________</B> (the &ldquo;<U>Holder</U>&rdquo;), is entitled to subscribe for and purchase from
<B>Searchlight Minerals Corp., a Nevada corporation</B> (the &ldquo;<U>Company</U>&rdquo;), up to and including the number of fully
paid and nonassessable, restricted shares of common stock, par value $0.001 per share (the &ldquo;<U>Common Stock</U>&rdquo;) of
the Company set forth above, at the exercise price of <B>$0.50</B> per share ( the &ldquo;<U>Warrant Exercise Price</U>&rdquo;)
(and as adjusted from time to time pursuant to Section III hereof), at any time or from time to time from the date first set forth
above (the &ldquo;<U>Issue Date</U>&rdquo;) and prior to or upon <B>____________, 2020</B> (the &ldquo;<U>Expiration Date</U>&rdquo;),
subject to the provisions and upon the terms and conditions hereinafter set forth:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Method of
Exercise; Cash Payment; Issuance of New Warrant</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 74.8pt">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the
provisions of this Warrant, the purchase right represented by this Warrant may be exercised by the Holder hereof, in whole or in
part and from time to time, at the election of the Holder hereof, by the surrender of this Warrant (with the notice of exercise
substantially in the form attached hereto as <B><U>Exhibit&nbsp;A</U></B> duly completed and executed) at the principal executive
offices of the Company and accompanied by payment to the Company, by wire transfer to an account designated by the Company, of
an amount equal to the then applicable Warrant Exercise Price multiplied by the number of Warrant Shares then being purchased.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 74.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 74.8pt">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The person or
persons in whose name(s) any certificate(s) representing the shares of the Company&rsquo;s capital stock to be issued upon exercise
of this Warrant (the &ldquo;<U>Warrant Shares</U>&rdquo;) shall be deemed to have become the holder(s) of record of, and shall
be treated for all purposes as the record holder(s) of, the shares represented thereby (and such shares shall be deemed to have
been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. In the event
of any exercise of the rights represented by this Warrant, certificates for the Warrant Shares so purchased shall be delivered
to the Holder hereof as soon as possible and in any event within twenty (20) days after such exercise and, unless this Warrant
has been fully exercised or expired, a new warrant having the same terms as this Warrant and representing the remaining portion
of such shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the Holder
hereof as soon as possible and in any event