0001104485-09-000039 Sample Contracts

FIRST AMENDMENT
Credit Agreement • May 29th, 2009 • Northern Oil & Gas, Inc. • Crude petroleum & natural gas • New York

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”) dated May 22, 2009, is among Northern Oil and Gas, Inc., a corporation duly formed and existing under the laws of the State of Nevada (the “Borrower”); each of the Lenders from time to time party to the Credit Agreement (as hereinafter defined); and CIT Capital USA Inc., as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

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EXPLORATION AND DEVELOPMENT AGREEMENT WINDSOR PROJECT NORTH DAKOTA and MONTANA
Exploration and Development Agreement • May 29th, 2009 • Northern Oil & Gas, Inc. • Crude petroleum & natural gas • Colorado

This Exploration and Development Agreement (this “Agreement”), dated effective as of the 1st day of April 2009 (the "Effective Date"), is by and between Slawson Exploration Company, Inc., a Kansas corporation, whose principal place of business is 727 North Waco, Suite 400, Wichita, Kansas, 67203 (hereafter “SECI”), and Northern Oil and Gas, Inc., a Nevada corporation, whose principal place of business is 315 Manitoba Avenue, Suite 200, Wayzata, Minnesota 55391 (hereafter “Participant”).

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