July 27, 2012
July 27, 2012
Xxxxx X. Xxxxxx
0000 Xxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Re: Amendment to Employment Agreement
Dear Xx. Xxxxxx:
This letter will serve to amend the Employment Agreement ("Employment Agreement"), dated as of September 26, 2011, between you and Red Mountain Resources, Inc.
1. The introduction of Section 3 of the Employment Agreement is hereby amended and restated to read as follows:
"Duties and Responsibilities Capacity. During the Term, the Executive shall serve in the capacity of Executive Vice President and Director of Exploration and Production of the Company's wholly owned subsidiary, RMR Operating, LLC, subject to the supervision of the Company's Chief Executive Officer and the Board of Directors of the Company (the "Board").
Except as amended herein, all other provisions of the Employment Agreement shall remain in full force and effect.
Please sign this letter in the place below to confirm your agreement.
| Sincerely, | ||
| RED MOUNTAIN RESOURCES, INC. | ||
| By: | /s/ Xxxx X. Xxxxxxxxx | |
| Xxxx X. Xxxxxxxxx | ||
| Chief Executive Officer | ||
| AGREED TO: | |
| /s/ Xxxxx X. Xxxxxx | |
| Xxxxx X. Xxxxxx |
| Red Mountain Resources, Inc. | |
| 0000 XxXxxxxx Xxxxxx, Xxxxx 000 | |
| Xxxxxx, XX 00000 | |
| 000 Xxxx Xxxx Xxxxxx, Xxxxx 0000 | |
| Xxxxxxx, XX 00000 | |
| 0000 Xxxxxxx Xxxxxx Xxxx, Xxxxx X0 | |
| Xxxxxxxxx, XX 00000 | |
| 000.000.0000 Phone | |
| 000.000.0000 Fax | |
| XXXXXXXXXXXXXXXXXXXX.XXX |
