March 5, 2013 Armada Oil Inc. 10777 Westheimer Rd., Suite 1100 Houston, TX 77042 Attn: Jim Cerna
EXHIBIT 10.41
Xxxxx 0, 0000
Xxxxxx Oil Inc.
00000 Xxxxxxxxxx Xx.,
Xxxxx 0000
Xxxxxxx, XX 00000
Attn: Xxx Xxxxx
RE: Amendment and Extension Purchase and Option Agreement Bear Creek Prospect & Overland Trail Prospect Carbon County, Wyoming
Dear Xx. Xxxxx:
Whereas in a Letter Agreement dated February 7, 2012 and amended September 25, 2012, and again amended January 10, 2013, TR Energy, Inc. (TR), and Armada Oil, Inc. (Armada) did enter into a Purchase and Option Agreement covering certain lands in Carbon County, Wyoming; and whereas, both TR and Armada agree that certain terms of the original agreement and all amendments need to be amended once again;
Now, therefore, both TR and Armada agree to the following terms:
1. Armada acknowledges that it has executed the option to pay the $736,000 to TR for the Unit acreage. The Unit acreage shall remain as described in the original agreement. Armada shall pay the first installment of $250,000 as described on or before April 15, 2013. \
All other terms of the original and amended agreements remain in place.
Regards,
X.X. Xxxxxxxx
Vice President of TR Energy, Inc.
Accepted this 5th day of March, 2013.
ARMADA OIL INC.
Xxxxx X Xxxxx Xx.
CEO
P. O. Xxx 000, Xxxxx, Xxxxx 00000-0000
000-000-0000 OFFICE
000-000-0000 FAX