SUBORDINATE DEED OF TRUST, MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF PRODUCTION AND FINANCING STATEMENTBaron Energy Inc. • June 8th, 2010 • Crude petroleum & natural gas • Texas
THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS, SECURES PAYMENT OF FUTURE ADVANCES, AND COVERS PROCEEDS OF COLLATERAL.
FORM OF STOCK PLEDGE AGREEMENT AND SECURITY AGREEMENTForm of Stock Pledge Agreement and Security Agreement • June 8th, 2010 • Baron Energy Inc. • Crude petroleum & natural gas • Texas
This Stock Pledge Agreement and Security Agreement (the “Agreement”) is made and entered into as of the day of May 2010, by and between , an individual, whose address is (the “Debtor”), and AMERICAN STATE BANK, a Texas banking association, whose address is 620 N. Grant, Odessa, Texas 79761-4797 (alternatively, the “Secured Party” or the “Bank”).
LOAN AGREEMENTLoan Agreement • June 8th, 2010 • Baron Energy Inc. • Crude petroleum & natural gas
THIS LOAN AGREEMENT (the AAgreement@) is made and entered into as of the 1st day of May 2010, by and among BARON ENERGY, INC., a Nevada corporation, acting as successor-in-interest, by merger, to Esconde Resources LP and Permian Legend Petroleum LP, whose address is 3327 W. Wadley, Suite 3-267, Midland, Texas 79707 (alternatively, “Baron” or the “Borrower”); RONNIE L. STEINOCHER, an individual, whose address is 712 Willow Ridge Drive, San Marcos, Texas 78666, LISA P. HAMILTON, also an individual, whose address is 712 Willow Ridge Drive, San Marcos, Texas 78666, and PIERCE-HAMILTON ENERGY PARTNERS LP, a Texas limited partnership, whose address is also 3327 W. Wadley, Suite 3-267, Midland, Texas 79707 (collectively, the “Guarantors”); and American State Bank, a state banking association organized under the laws of the State of Texas, whose address is 620 N. Grant, Odessa, Texas 79761-4797 (alternatively, AASB@, the ALender@, or the ABank@).
FORM OF GUARANTY AGREEMENTForm of Guaranty Agreement • June 8th, 2010 • Baron Energy Inc. • Crude petroleum & natural gas • Texas
This Guaranty Agreement is made as of May , 2010, by , an individual (the “Guarantor”), in favor of AMERICAN STATE BANK, a Texas banking association (the “Bank”).
