X0203 3 2009-10-22 0 0001471256 Cullen Agricultural Holding Corp SEE REMARK 0001018319 WATSON E J 22 BARNETT SHOALS ROAD WATKINSVILLE GA 30677 1 1 1 0 CEO, Sec'y & Treas. Common Stock 15881148 I By Cullen Inc. Holdings Ltd. Warrants (Right to Buy) 12.00 2009-10-22 2013-10-21 Common Stock 2500000 I By Summit Trust Warrants (Right to Buy) 12.00 2013-10-21 Common Stock 6630000 I By Summit Trust The reporting person disclaims beneficial ownership of these securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. These warrants will not become exercisable until the last sales price of Cullen Agricultural Holding Corp.'s common stock exceeds $13.75 per share for any 20 trading days within any 30-trading day period beginning January 20, 2010. The OTC Bulletin Board has not yet provided Cullen Agricultural Holding Corp. with a trading symbol. /s/ Eric J. Watson 2009-10-22