LOAN MODIFICATION AGREEMENTLoan Modification Agreement • October 5th, 2021 • Empire Petroleum Corp • Crude petroleum & natural gas
This LOAN MODIFICATION AGREEMENT (hereinafter, this “Agreement”) is made this 29th day of September, 2021, by and among EMPIRE NEW MEXICO LLC, a Delaware limited liability company d/b/a Green Tree New Mexico (“Company”), Empire Petroleum Corporation, a Delaware corporation (“Parent”), and ENERGY EVOLUTION MASTER FUND, LTD., a Cayman Islands exempted company (“Investor”). Each of Company, Parent and Investor is referred to herein as a “Party” or, collectively, as the “Parties.” Capitalized terms utilized but not defined herein shall have the meaning ascribed to them in the Empire New Mexico LLC Senior Secured Convertible Note Due December 31, 2021, between Company, Parent and Investor dated May 14, 2021 (the “Note”).
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • October 5th, 2021 • Empire Petroleum Corp • Crude petroleum & natural gas • Delaware
THIS PLEDGE AND SECURITY AGREEMENT (“Security Agreement”) dated the 29th day of September, 2021, made by Empire Petroleum Corporation, a Delaware corporation (“Pledgor”), in favor of ENERGY EVOLUTION MASTER FUND, LTD., a Cayman Islands exempted company (“Lender”). Capitalized terms utilized but not defined herein shall have the meaning as set forth under the terms of the Loan Modification Agreement (“Modification Agreement”) between EMPIRE NEW MEXICO LLC, a Delaware limited liability company d/b/a Green Tree New Mexico (“Company”), Pledgor and Lender, dated on or near the date hereof.
