CREDIT AGREEMENT dated June 30, 2010 BETWEEN REEF OIL & GAS INCOME AND DEVELOPMENT FUND III, L.P., as Borrower AND TEXAS CAPITAL BANK, N.A., as LenderCredit Agreement • July 9th, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas • Texas
SECURITY AGREEMENTSecurity Agreement • July 9th, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas • Texas
This SECURITY AGREEMENT is made and entered into as of June 30, 2010, by Reef Oil & Gas Income and Development Fund III, L.P., a Texas limited partnership (“Debtor”), with its address at 1901 N. Central Expressway, Suite 300, Dallas, Texas 75080, in favor of Texas Capital Bank, N.A., a national banking association (“Secured Party”), with its address at 2000 McKinney Avenue, Suite 700, Dallas, Texas 75201. Certain terms used herein are defined in Article I hereof
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • July 9th, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas • Texas
This PURCHASE and SALE AGREEMENT (the "Agreement") is made this 23rd day of June, 2010, by and between LETT OIL & GAS, L.P., a Texas limited partnership whose address is 301 Commerce Street, Suite 1830, Ft. Worth, Texas 76102 ("Seller"), and RCWI, L.P., a Texas limited partnership located at 1901 North Central Expressway, Suite 300, Richardson, Texas 75080 (the "Buyer"). The Buyer and Seller may be collectively referred to herein as the "Parties" and individually as a "Party."
