EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • April 30th, 2015 • Hemisphere Energy Corp • Crude petroleum & natural gas
NOW THEREFORE in consideration of the mutual promises of the parties hereinafter set forth and for other good and valuable consideration given to the Executive by the Corporation, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereby covenant and agree as follows:
SECOND AMENDING AGREEMENT TO THE COMMITMENT LETTER DATED SEPTEMBER 19 2013Second Amending Agreement • April 30th, 2015 • Hemisphere Energy Corp • Crude petroleum & natural gas • Alberta
We refer to our Letter Agreement dated September 19, 2013 between Hemisphere Energy Corporation (the "Borrower") and Alberta Treasury Branches (the "Lender"), as amended by the First Amending Agreement, dated as of the 23rdday of June, 2014 (collectively, the "Commitment Letter”) and confirm our agreement to amend our offer of financial assistance to the Borrower on the terms and conditions described below. Capitalized terms and paragraph references used herein without definition shall have the meaning and application given to them in the Commitment Letter.
