Red Mountain Party Uses in Joint and Several Obligations Clause

Joint and Several Obligations from Inter Borrower Agreement

This Inter-Borrower Agreement (this "Agreement") is made and entered into this 5th day of February, 2013 (the "Effective Date"), by and between Red Mountain Resources, Inc., a Florida corporation ("Red Mountain"), RMR Operating LLC, a Texas limited liability company ("RMR Operating"), Black Rock Capital, Inc., an Arkansas corporation ("Black Rock", and together with Red Mountain and RMR Operating, the "Red Mountain Parties") and Cross Border Resources, Inc., a Nevada corporation ("Cross Border"). Red Mountain, RMR Operating, Black Rock and Cross Border are referred to herein, individually, as a "Party" and, collectively, as the "Parties".

Joint and Several Obligations. Notwithstanding anything to the contrary in this Agreement, the covenants, obligations and indemnities of, and the representations and warranties made by or attributable to, any Red Mountain Party pursuant to this Agreement will be deemed to be made by and attributable to each Red Mountain Party jointly and severally, and Cross Border will have the right to pursue remedies against any one or more of the Red Mountain Parties without any obligation to give notice to or pursue all Red Mountain Parties or to give notice to or pursue any individual Red Mountain Party before pursuing any other Red Mountain Party.

Joint and Several Obligations from Inter Borrower Agreement

This Inter-Borrower Agreement (this "Agreement") is made and entered into this 5th day of February, 2013 (the "Effective Date"), by and between Red Mountain Resources, Inc., a Florida corporation ("Red Mountain"), RMR Operating LLC, a Texas limited liability company ("RMR Operating"), Black Rock Capital, Inc., an Arkansas corporation ("Black Rock", and together with Red Mountain and RMR Operating, the "Red Mountain Parties") and Cross Border Resources, Inc., a Nevada corporation ("Cross Border"). Red Mountain, RMR Operating, Black Rock and Cross Border are referred to herein, individually, as a "Party" and, collectively, as the "Parties".

Joint and Several Obligations. Notwithstanding anything to the contrary in this Agreement, the covenants, obligations and indemnities of, and the representations and warranties made by or attributable to, any Red Mountain Party pursuant to this Agreement will be deemed to be made by and attributable to each Red Mountain Party jointly and severally, and Cross Border will have the right to pursue remedies against any one or more of the Red Mountain Parties without any obligation to give notice to or pursue all Red Mountain Parties or to give notice to or pursue any individual Red Mountain Party before pursuing any other Red Mountain Party.