Common use of C E P T A N C E Clause in Contracts

C E P T A N C E. The above-mentioned Subscription Agreement in respect of the Shares is hereby accepted by Crown Oil and Gas Inc. DATED at _____________________________________, the _____ day of __________________, 2009. Per: _____________________________________________ Authorized Signatory SHARE PURCHASE WARRANTS TO PURCHASE SHARES IN THE COMMON STOCK OF CROWN OIL AND GAS INC. (incorporated in the State of Nevada) CERTIFICATE NO.: ______________ No. of Warrants: __________ September 1, 2009 THIS IS TO CERTIFY THAT: __________________________________________ __________________________________________ __________________________________________ (the "Holder"), has the right to purchase, upon and subject to the Terms and Conditions hereinafter referred to, up to ______________ fully paid and non-assessable shares (the "Shares") in the common stock of Crown Oil and Gas Inc. (hereinafter called the "Company") on or before 5:00 p.m. (Pacific Standard time) on __________________, 2011 (the "Expiry Date") at a price per Share (the "Exercise Price") of: (i) US$2.00 for the first 12-month period (one to 12 months) following the Closing (as defined in Appendix "A" attached hereto); and (ii) US$2.50 for the remaining 24-month period (13 to 24 months) following the Closing on the Terms and Conditions attached hereto as Appendix "A" (the "Terms and Conditions").

C E P T A N C E. The above-mentioned Subscription Agreement in respect of the Shares is hereby accepted by Crown Oil and Gas Inc. Pan American Gold Corporation. DATED at _____________________________________, the _____ ____day of __________________, 20092006. PerAuthorized Signatory UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THE SECURITIES SHALL NOT TRADE THE SECURITIES BEFORE ___________________________. [Instruction for Date: Insert the date that is 4 months and a day after the Closing Date] THIS IS TO CERTIFY THAT ___________________________________, (the “Holder”) of _____________________________________________ Authorized Signatory SHARE PURCHASE WARRANTS TO PURCHASE SHARES IN THE COMMON STOCK OF CROWN OIL AND GAS INC. (incorporated in the State of Nevada) CERTIFICATE NO.: ______________ No. of Warrants: __________ September 1, 2009 THIS IS TO CERTIFY THAT: __________has the right to purchase, upon and subject to the terms and conditions hereinafter referred to, up to ________________________________ __________________________________________ __________________________________________ (the "Holder"), has the right to purchase, upon and subject to the Terms and Conditions hereinafter referred to, up to ______________ fully paid and non-assessable common shares (the "“Shares"”) in the common stock capital of Crown Oil and Gas Inc. Pan American Gold Corporation (hereinafter called the "“Company"”) on or before 5:00 4:30 p.m. (Pacific Standard Vancouver time) on __________________, 2011 ________ (the "“Expiry Date"”) at a price per Share (the "“Exercise Price"”) of: (i) of US$2.00 for the first 12-month period (one to 12 months) following the Closing (as defined in Appendix "A" attached hereto); and (ii) US$2.50 for the remaining 24-month period (13 to 24 months) following the Closing 0.90 on the Terms terms and Conditions conditions attached hereto as Appendix "“A" ” (the "“Terms and Conditions"”).

C E P T A N C E. The above-mentioned Subscription Agreement in respect of the Shares is hereby accepted by Crown Oil and Gas Inc. DATED at ______________________________________ , the _____ day of ___________________ , 20092008. Per: _____________________________________________ Authorized Signatory SHARE PURCHASE WARRANTS TO PURCHASE SHARES IN THE COMMON STOCK OF CROWN OIL AND GAS INC. (incorporated in the State of Nevada) CERTIFICATE NO.: :______________ No. of Warrants: __________ September 1April 10, 2009 2008 THIS IS TO CERTIFY THAT: _____________________THAT _____________________ _____________________, (the "Holder") of _____________________ __________________________________________ (the "Holder"), has the right to purchase, upon and subject to the Terms and Conditions hereinafter referred to, up to ______________ fully paid and non-assessable shares (the "Shares") in the common stock of Crown Oil and Gas Inc. (hereinafter called the "Company") on or before 5:00 4:30 p.m. (Pacific Standard time) on ___________________ , 2011 2010 (the "Expiry Date") at a price per Share (the "Exercise Price") of: (i) US$2.00 1.50 for the first 12-month period (one to 12 months) following after the Closing (as defined in Appendix "A" attached hereto); and (ii) US$2.50 2.00 for the remaining 24-month period (13 to 24 months) following after the Closing on the Terms and Conditions attached hereto as Appendix "A" (the "Terms and Conditions").

C E P T A N C E. The above-mentioned Subscription Agreement in respect of the Shares is hereby accepted by Crown Oil and Gas Inc. Inc.DATED at _____________________________________, the _____ _day of __________________, 20092008. Per: _____________________________________________ Authorized Signatory SHARE PURCHASE WARRANTS TO PURCHASE SHARES IN THE COMMON STOCK OF CROWN OIL AND GAS INC. (incorporated in the State of Nevada) CERTIFICATE NO.: :______________ No. of Warrants: __________ September 1February 15, 2009 2008 THIS IS TO CERTIFY THAT: THAT __________________________________________ , (the "Holder") of __________________________________________ __________________________________________ (the "Holder"), has the right to purchase, upon and subject to the Terms and Conditions hereinafter referred to, up to ______________ fully paid and non-assessable shares (the "Shares") in the common stock of Crown Oil and Gas Inc. (hereinafter called the "Company") on or before 5:00 4:30 p.m. (Pacific Standard time) on __________________, 2011 2010 (the "Expiry Date") at a price per Share (the "Exercise Price") of: (i) US$2.00 1.50 for the first 12-month period (one to 12 months) following after the Closing (as defined in Appendix "A" attached hereto); and (ii) US$2.50 2.00 for the remaining 24-month period (13 to 24 months) following after the Closing on the Terms and Conditions attached hereto as Appendix "A" (the "Terms and Conditions").

C E P T A N C E. The above-mentioned Subscription Agreement in respect of the Shares Units is hereby accepted by Crown Oil and Gas Global Innovative Systems, Inc. DATED at _____________________________________, the ________ day of __________________, 2009____________. Per: Authorized Signatory THIS IS TO CERTIFY THAT _____________________, (the “Holder”) of ________________________ Authorized Signatory SHARE PURCHASE WARRANTS TO PURCHASE SHARES IN THE COMMON STOCK OF CROWN OIL AND GAS INC. (incorporated in the State of Nevada) CERTIFICATE NO.: ______________ No. of Warrants: __________ September 1, 2009 THIS IS TO CERTIFY THAT: __________________________________________ __________________________________________ __________________________________________ (the "Holder"), has the right to purchase, upon and subject to the Terms terms and Conditions conditions hereinafter referred to, up to _______________ fully paid and non-assessable common shares (the "“Shares"”) in the common stock capital of Crown Oil and Gas Global Innovative Systems, Inc. (hereinafter called the "“Company"”) on or before 5:00 _______ p.m. (Pacific Standard __________ time) on __________________, 2011 2007 (the "“Expiry Date"”) at a price per Share (the "“Exercise Price"”) of: of US$_________ on the terms and conditions attached hereto as Appendix “A” (ithe “Terms and Conditions”). 1. ONE (1) US$2.00 for WARRANT AND THE EXERCISE PRICE ARE REQUIRED TO PURCHASE ONE SHARE. THIS CERTIFICATE REPRESENTS __________________ WARRANTS. 2. These Warrants are issued subject to the first 12-month period (one Terms and Conditions, and the Warrant Holder may exercise the right to 12 months) following the Closing (as defined purchase Shares only in Appendix "A" attached hereto); accordance with those Terms and (ii) US$2.50 for the remaining 24-month period (13 to 24 months) following the Closing on Conditions. 3. Nothing contained herein or in the Terms and Conditions attached hereto as Appendix "A" (will confer any right upon the "Terms Holder hereof or any other person to subscribe for or purchase any Shares at any time subsequent to the Expiry Date, and Conditions")from and after such time, this Warrant and all rights hereunder will be void and of no value.