EnerJex Resources, Inc. 10975 Grandview Drive Overland Park, Kansas 66210 November 30, 2010EnerJex Resources, Inc. • December 1st, 2010 • Crude petroleum & natural gas
We are writing this letter agreement (the "Amendment") to you in order to memorialize our agreement to amend that certain letter agreement dated October 30, 2010 , which consisted of lettered Paragraphs "A" through "K" (the "Binding LOI"), by and among EnerJex Resources, Inc. (the "Company"), J&J Operating, LLC ("J&J"); West Coast Opportunity Fund, LLC ("WCOF"); Montecito Venture Partners, LLC, a controlled affiliate of WCOF ("MVP"); and Black Sable Energy, LLC, a controlled affiliate of MVP ("BSE") (the Company, J&J, WCOF, MVP and BSE are referred to herein collectively as the "Parties" and individually a "Party"). All capitalized terms that appear in this Amendment and are not defined herein shall have the respective meanings ascribed thereto in the Binding LOI.
