Amendment to Purchase and Sale Agreement
dated November 2, 2011
by and between Hinto Energy, Inc.
as of April 19, 2012
Section 2.1 b) 5) is amended to add as follows:
Seller agrees that this Agreement is subject to and
contingent upon full receipt of all Operator accounting and justification, and
all production records necessary to compute PV9 values, as adjusted based upon
operator charges.
Seller agrees to herewith convey its working interest in
Indian Nations 2-30, and 3-30 to Hinto Energy, Inc.'s wholly owned subsidiary,
South Uintah Gas Properties, Inc., a Colorado Corporation, in consideration of
the issuance of 30,000 shares of common stock of Hinto Energy, Inc., balance of
any shares due under the contract, to be issued upon termination of litigation
with the Operator of Indian Nations 2-30 and 3-30, and conveyance of Sellers
interest therein, to South Uintah Gas Properties, Inc.
Hinto agrees to continue to fund legal fees up to the original $50,000
in the contract.
Xxxxxxx Xxxxx Hinto Energy, Inc.
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/s/ Xxxxxxx Xxxxx /s/Xxxxxx Xxxxxx
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