Phil Mulacek 25025 Interstate 45, STE 420 The Woodlands, Texas 77380 December 1, 2023
EXHIBIT 10
Xxxx Xxxxxxx
00000 Xxxxxxxxxx 00, XXX 000
The Woodlands, Texas 77380
December 1, 2023
Empire Petroleum Corporation
0000 Xxxxx Xxxxx Xxxxx, Xxxxx 000
Tulsa, Oklahoma 74114
| Re: | That certain Securities Purchase Agreement dated as of November 29, 2023, by and between Empire Petroleum Corporation and Xxxx Xxxxxxx (the “SPA”) |
Ladies and Gentlemen:
This letter is to memorialize our understanding and agreement with respect to an amendment to the SPA.
1. Amendment. The reference to “1,256,832” shares in Section 1.1 is hereby amended to “1,240,845”.
2. Full Force and Effect. Except to the extent specifically set forth herein, the SPA remains in full force and effect.
3. Counterparts. This letter may be executed in multiple counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same agreement.
4. Governing Law. This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to the rules of conflicts of law of the State of Delaware or any other jurisdiction that would require the application of the laws of another jurisdiction.
5. Entire Agreement. The SPA and this letter amendment constitutes the entire agreement between Xxxx Xxxxxxx and Empire Petroleum Corporation and supersedes any and all other written or oral agreements or understandings between Xxxx Xxxxxxx and Empire Petroleum Corporation concerning the subject matter hereof. No modification or amendment of the terms and provisions of this letter shall be effective unless in writing and signed by the party against whom enforcement is sought.
[Remainder of Page Intentionally Blank]
Please indicate your agreement with each of the foregoing terms and provisions set forth above by signing where indicated below and returning an original to us.
Best regards,
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| /s/ Xxxx Xxxxxxx | ||
Xxxx Xxxxxxx |
Acknowledged and agreed by Empire Petroleum Corporation as of the date first set forth above:
Empire PETROLEUM CORPORATION
| By: | /s/ Xxxxxxx X. Xxxxxxxxx | |
| Name: Title: |
Xxxxxxx X. Xxxxxxxxx President and Chief Executive Officer |
