Two Million Dollars Uses in Initial Draw Clause

Initial Draw from Funding Agreement

This Pre-Merger Loan and Funding Agreement (hereinafter the "Agreement") is entered into and shall become effective as of February 26, 2015, by and between VICTORY ENERGY CORPORATION, a Nevada corporation ("Victory"), and LUCAS ENERGY, INC., a Nevada corporation ("Lucas"). Victory and Lucas are referred to individually as a "Party" and, collectively, as the "Parties."

Initial Draw. On the terms and subject to the conditions hereinafter set forth, Victory agrees to lend to Lucas upon written request in accordance with the Note (as defined below) and this Agreement up to Two Million Dollars ($2,000,000) (the "Loan"). On the date hereof, Victory shall advance to Lucas Two Hundred and Fifty Thousand Dollars ($250,000) (the "Initial Draw"). The Initial Draw shall be used as expressly provided in the Disbursement Instructions (as defined below) and not for any other purpose.

Initial Draw from Funding Agreement

This Pre-Merger Loan and Funding Agreement (hereinafter the "Agreement") is entered into and shall become effective as of February 26, 2015, by and between VICTORY ENERGY CORPORATION, a Nevada corporation ("Victory"), and LUCAS ENERGY, INC., a Nevada corporation ("Lucas"). Victory and Lucas are referred to individually as a "Party" and, collectively, as the "Parties."

Initial Draw. On the terms and subject to the conditions hereinafter set forth, Victory agrees to lend to Lucas upon written request in accordance with the Note (as defined below) and this Agreement up to Two Million Dollars ($2,000,000) (the "Loan"). On the date hereof, Victory shall advance to Lucas Two Hundred and Fifty Thousand Dollars ($250,000) (the "Initial Draw"). The Initial Draw shall be used as expressly provided in the Disbursement Instructions (as defined below) and not for any other purpose.

Initial Draw from Funding Agreement

This Pre-Merger Loan and Funding Agreement (hereinafter the "Agreement") is entered into and shall become effective as of February 26, 2015, by and between VICTORY ENERGY CORPORATION, a Nevada corporation ("Victory"), and LUCAS ENERGY, INC., a Nevada corporation ("Lucas"). Victory and Lucas are referred to individually as a "Party" and, collectively, as the "Parties."

Initial Draw. On the terms and subject to the conditions hereinafter set forth, Victory agrees to lend to Lucas upon written request in accordance with the Note (as defined below) and this Agreement up to Two Million Dollars ($2,000,000) (the "Loan"). On the date hereof, Victory shall advance to Lucas Two Hundred and Fifty Thousand Dollars ($250,000) (the "Initial Draw"). The Initial Draw shall be used as expressly provided in the Disbursement Instructions (as defined below) and not for any other purpose.