0001104659-10-049682 Sample Contracts

SECURITY AGREEMENT VOYAGER OIL & GAS, INC. Minimum: $12,000,000 Principal Amount Maximum: $15,000,000 Principal Amount
Security Agreement • September 23rd, 2010 • Voyager Oil & Gas, Inc. • Crude petroleum & natural gas • Montana

This SECURITY AGREEMENT (the “Agreement”) is entered into as of the 22nd day of September, 2010, by Voyager Oil & Gas, Inc., a Delaware corporation (the “Debtor”), in favor of the parties set forth on Exhibit A hereto (the “Secured Parties”) and holders of certain 12.00% Senior Secured Promissory Notes of even date (the “Promissory Notes”).

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