ASSIGNMENT & SECURITY AGREEMENT (Ownership Interests)(in Alpha & Panzica Oil & Gas Wells)Assignment & Security Agreement • June 25th, 2010 • John D. Oil & Gas Co • Drilling oil & gas wells • Ohio
THIS ASSIGNMENT & SECURITY AGREEMENT (as the same may from time to time be amended, restated or otherwise modified, this “Agreement”) is executed and delivered at Cleveland, Ohio effective as of June 18, 2010, by JOHN D. OIL AND GAS COMPANY, a Maryland corporation, and GREAT PLAINS EXPLORATION CO., LLC, an Ohio limited liability company (collectively, the “Pledgor”), to RBS CITIZENS, N.A., dba Charter One (“Lender”).
FORBEARANCE AGREEMENTForbearance Agreement • June 25th, 2010 • John D. Oil & Gas Co • Drilling oil & gas wells • Ohio
THIS FORBEARANCE AGREEMENT (“Agreement”) is entered into as of June 18, 2010, by and among RBS CITIZENS, N.A., dba CHARTER ONE (the “Lender”), JOHN D. OIL AND GAS COMPANY, a Maryland corporation (“John D. Oil”), GREAT PLAINS EXPLORATION COMPANY, LLC, an Ohio limited liability company (“GPE”), OZ GAS LTD. (“Oz”), a Pennsylvania limited liability company, RICHARD M. OSBORNE (“Osborne”) and THE RICHARD M. OSBORNE TRUST (the “Trust”). John D. Oil, GPE, and Oz are sometimes referred to collectively as the “Receivership Defendants.” The Receivership Defendants and Osborne and the Trust are sometimes referred to collectively as the “Defendants.”
PLEDGE AGREEMENT (Membership Interests)(Kykuit Resources, LLC)Pledge Agreement • June 25th, 2010 • John D. Oil & Gas Co • Drilling oil & gas wells • Ohio
THIS PLEDGE AGREEMENT (as the same may from time to time be amended, restated or otherwise modified, this “Agreement”) is executed and delivered at Cleveland, Ohio effective as of June 18, 2010, by JOHN D. OIL AND GAS COMPANY, a Maryland corporation, and RICHARD M. OSBORNE, TRUSTEE OF THE RICHARD M. OSBORNE TRUST UNDER TRUST AGREEMENT OF 1/13/95 (collectively, the “Pledgor”), to RBS CITIZENS, N.A., dba Charter One (“Lender”).
