FORBEARANCE AGREEMENTForbearance Agreement • July 23rd, 2008 • Ignis Petroleum Group, Inc. • Metal mining • New Jersey
FORBEARANCE AGREEMENT, dated of as July 17, 2008, by and between IGNIS PETROLEUM GROUP, INC. (the “Company”), and YA GLOBAL INVESTMENTS, L.P. (f/k/a Cornell Capital Partners L.P.), a Cayman Island limited partnership (“YA Global”). All capitalized terms used herein shall have the respective meanings assigned thereto in the Transaction Documents (as defined below) unless otherwise defined herein.
