Amendment to Plan and Agreement of Reorganization
dated July 27, 2011
by and between
Hinto Energy, Inc.
and
South Uintah Gas Properties, Inc.
For valuable consideration:
The above referenced agreement is hereby amended as follows:
1) The number of shares of Hinto Energy, Inc. (formerly Xxxxxx Investments,
Inc.) to be issued to SUGP shareholders, shall be increased to 9,675,000,
less 300,000 shares cancelled and exchanged for Hinto shares delivered to
Lexico Resources, or 9,375,000 shares and warrants shall be amended to
increase by 700,000, $1, 3 year term warrants, for a total of 6,700,000
warrants and the 3 million South Uintah Gas Properties, Inc. preferred
shares have been cancelled and are removed as consideration for the
acquisition of 100% of SUGP;
2) The amount of South Uintah convertible debt to be replaced is decreased
from $1,000,000 to $500,000;
3) The amount of promissory notes of South Uintah to be replaced is increased
from $350,000 to $375,000;
4) The number of Hinto shares held by SUGP to be returned to Hinto upon
completion of reorganization shall be reduced from 3,000,000 to 2,700,000.
5) The closing date shall be extended to December 31, 2011.
Dated December 22, 2011
South Uintah Gas Properties, Inc.
By: /s/ Xxxxxx X. Xxxxxx
Hinto Energy, Inc.
By: /s/ Xxxxxx X. Xxxxxx