AMENDED AND RESTATED SECURED REVOLVING CREDIT AGREEMENTSecured Revolving Credit Agreement • September 6th, 2012 • Black Ridge Oil & Gas, Inc. • Crude petroleum & natural gas • Minnesota
THIS AMENDED AND RESTATED SECURED REVOLVING CREDIT AGREEMENT (this “Agreement”), is made as of September 5, 2012, by and between BLACK RIDGE OIL & GAS, INC., a Delaware corporation (the ”Borrower”), and DOUGHERTY FUNDING LLC, a Delaware limited liability company (the ”Lender”).
WARRANT For the Purchase of Shares of Common Stock of BLACK RIDGE OIL & GAS, INC. (formerly known as Ante5, Inc.) Void After 5 P.M., CT, on August 31, 2015Black Ridge Oil & Gas, Inc. • September 6th, 2012 • Crude petroleum & natural gas • New York
THIS IS TO CERTIFY, that, for value received, Dougherty Funding LLC, or successors or registered assigns (the “Holder”), is entitled, subject to the terms and conditions hereinafter set forth, at any time and from time to time during the period commencing as of 9:00 A.M., CT, on [ ] (the “Issue Date”) and ending as of 5:00 P.M., CT, August 31, 2015 at which time this Warrant shall become void and all rights hereunder shall cease, to purchase [ ] shares (the “Warrant Shares”) of Common Stock, par value $0.001 (“Common Stock” or the “Shares”), of Black Ridge Oil & Gas, Inc. (formerly known as Ante5, Inc.), a Delaware corporation (the “Company”), from the Company at an exercise price per Share equal to $0.38 at the date of issuance (the exercise price in effect being herein called the “Exercise Price”). The number of Warrant Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as described herein. This Warrant is being is
