Common Contracts
4 similar Note and Security Agreement contracts by RICHFIELD OIL & GAS Co, Stratex Oil & Gas Holdings, Inc.
AMENDED AND RESTATED NOTE AND SECURITY AGREEMENTNote and Security Agreement • July 23rd, 2014 • RICHFIELD OIL & GAS Co • Drilling oil & gas wells • Delaware
This Amended and Restated Note and Security Agreement (this "Note and Agreement") amends and restates, and is in substitution and replacement for, but not in payment of, that certain Note and Security Agreement dated May 6, 2014, by Makers and Payee in the original principal amount of $3,000,000 (the "Existing Note and Agreement"). The outstanding indebtedness evidenced by the Existing Note and Agreement is continuing indebtedness, and nothing herein shall be deemed to constitute a payment, settlement, extinguishment, cancellation or novation of the indebtedness under the Existing Note and Agreement. All amounts outstanding under the Existing Note and Agreement shall be automatically transferred to, and shall be deemed to be outstanding under this Note and Agreement. Payeehas agreed to modify the Existing Note and Agreement on the terms set forth in this Note and Agreement for good and valuable consideration.
AMENDED AND RESTATED NOTE AND SECURITY AGREEMENTNote and Security Agreement • July 23rd, 2014 • Stratex Oil & Gas Holdings, Inc. • Crude petroleum & natural gas • Delaware
This Amended and Restated Note and Security Agreement (this "Note and Agreement") amends and restates, and is in substitution and replacement for, but not in payment of, that certain Note and Security Agreement dated May 6, 2014, by Makers and Payee in the original principal amount of $3,000,000 (the "Existing Note and Agreement"). The outstanding indebtedness evidenced by the Existing Note and Agreement is continuing indebtedness, and nothing herein shall be deemed to constitute a payment, settlement, extinguishment, cancellation or novation of the indebtedness under the Existing Note and Agreement. All amounts outstanding under the Existing Note and Agreement shall be automatically transferred to, and shall be deemed to be outstanding under this Note and Agreement. Payeehas agreed to modify the Existing Note and Agreement on the terms set forth in this Note and Agreement for good and valuable consideration.
NOTE AND SECURITY AGREEMENTNote and Security Agreement • May 7th, 2014 • RICHFIELD OIL & GAS Co • Drilling oil & gas wells • Delaware
FOR VALUE RECEIVED, each of the undersigned, RICHFIELD OIL & GAS COMPANY, a Nevada corporation (“Richfield”), HEWITT ENERGY GROUP, INC., a Texas corporation (“HEG”), HEWITT OPERATING, INC., a Utah corporation (“HOI”), HOI KANSAS PROPERTY SERIES, LLC, a Kansas series limited liability company (“HOI Kansas”), and HOI UTAH PROPERTY SERIES, LLC, a Utah series limited liability company (“HOI Utah”), and each of the series companies of HOI Kansas and HOI Utah (the “Series Companies”), each with an address of 175 South Main Street, Suite 900, Salt Lake City, UT 84111, (Richfield, HEG, HOI, HOI Kansas, HOI Utah, and the Series Companies, each a "Maker" and collectively, the “Makers”), hereby promise to pay STRATEX OIL & GAS HOLDINGS, INC., a Colorado corporation with an address of 30 Echo Lake Road, Watertown, CT 06795 (the "Payee"), the principal amount of (i) Three Million Dollars ($3,000,000.00) or (ii) such lesser amount as may be advanced to or for the benefit of the Makers hereunder, in
NOTE AND SECURITY AGREEMENTNote and Security Agreement • May 7th, 2014 • Stratex Oil & Gas Holdings, Inc. • Crude petroleum & natural gas • Delaware
