Consent to Release of Vested Interests and Amendment to Regulations. The Edsels agree that at such time as all accrued and unpaid interest, together with at least fifty percent (50%) of the original principal amount of the Promissory Note, have been indefeasibly paid to Secured Party as payments on the Promissory Note (the “Vesting Date”), from the Vesting Date and thereafter as each payment of principal is made by Pledgor to Secured Party under the Promissory Note, a corresponding portion of Company Oil and Gas Properties shall vest in Pledgor and be released from the transfer restrictions under the terms and subject to the conditions of Section 6 of the Amended and Restated Pledge Agreement. The Edsels consent to the amendments set forth in the Amended and Restated Limited Liability Company Agreement.
