SUMMARY SHEET: MARGARET COUGHLIN RETENTION AGREEMENTMargaret Coughlin Retention Agreement • August 20th, 2007 • CrossPoint Energy CO • Gold and silver ores
On June 6, 2007, CrossPoint Energy Company agreed to pay Margaret R. Coughlin, Controller, Principal Financial Officer and Secretary, a retention bonus of $25,000 in consideration of retaining her services through July 23, 2007.
May 21, 2007Letter Agreement • August 20th, 2007 • CrossPoint Energy CO • Gold and silver ores • Texas
This letter agreement (“Letter Agreement”) confirms the terms and conditions of the engagement (the “Engagement”) of Venn Capital Advisors, L.P. (the “Advisor”) by CrossPoint Energy Company and its subsidiaries and affiliates (collectively, the “Company”) as the Company’s business and restructuring Advisor during the term of this Letter Agreement. Such engagement as the Company’s Advisor is subject to the terms and conditions outlined below.
ContractCrossPoint Energy CO • August 20th, 2007 • Gold and silver ores
Reference is hereby made to the Credit Agreement for all purposes. Any capitalized term used herein that is not defined herein shall have the meaning attributed to it in the Credit Agreement. Any references to sections herein refer to sections in the Credit Agreement. You have previously notified Administrative Agent that Borrower is in default of (i) Section 9.12 for failure to deliver a Reserve Report on or prior to the dates specified in section 9.12 and (ii) Sections 10.01(a), 10.01(b), 10.01(d) and 10.23 for failing to meet the financial covenants and production volumes specified in such sections for the first and second fiscal quarters for 2007. You have requested that the Lenders and the Administrative Agent waive the Defaults as set forth above. Administrative Agent for itself and on behalf of the Lenders hereby waives the defaults provided for above for the fiscal periods ending March 31, 2007 and June 30, 2007, and only for such fiscal periods, and further subject to the prov
