Development Unit Agreement Sample Contracts

SECOND AMENDMENT TO 8% SECURED PROMISSORY NOTE
Development Unit Agreement • April 5th, 2023 • Next Bridge Hydrocarbons, Inc. • Crude petroleum & natural gas • Nevada

This SECOND AMENDMENT TO 8% SECURED PROMISSORY NOTE (this “Agreement”) is entered into effective as of March 31, 2023 (the “Amendment Effective Date”), among NEXT BRIDGE HYDROCARBONS, INC. (f/k/a OILCO HOLDINGS, INC.), a Nevada corporation (the “Borrower”), each of the Grantors (defined below), and META MATERIALS, INC., a Nevada corporation (the “Lender”). Unless otherwise expressly defined herein, capitalized terms used but not defined in this Agreement shall have the meanings specified in the Secured Note (as defined below).

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AMENDMENT TO DEVELOPMENT UNIT AGREEMENT 2837 HUDSPETH OPERATING, LLC HUDSPETH COUNTY, TEXAS
Development Unit Agreement • November 14th, 2023 • Next Bridge Hydrocarbons, Inc. • Crude petroleum & natural gas

This AMENDMENT TO DEVELOPMENT UNIT AGREEMENT 2837 (this “Amendment”), effective as of January 1, 2020, is entered into by and between the Commissioner of the General Land Office on behalf of the State of Texas (collectively referred to as “Lessor” or the “State” and as approved by the Board for Lease of University Lands (hereinafter referred to as the “Board” with both the State of Texas and Board collectively referred to as “University Lands”), Lessee and any other party who has or may execute this Amendment (collectively referred to as “Lessees” and individually as “lessee”) and Operator (the “Operator”), Parties executing this Amendment are individually referred to as a “Party” and collectively referred to as the “Parties”.

DEVELOPMENT UNIT AGREEMENT 2837 FOUNDERS OIL & GAS OPERATING, LLC FOUNDERS UNIVERSITY OROGRANDE DRILLING AND DEVELOPMENT UNIT HUDSPETH COUNTY. TEXAS
Development Unit Agreement • November 14th, 2023 • Next Bridge Hydrocarbons, Inc. • Crude petroleum & natural gas
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