UNLIMITED GUARANTYUnlimited Guaranty • March 29th, 2013 • Armada Oil, Inc. • Crude petroleum & natural gas • Texas
This Unlimited Guaranty (this “Guaranty”) is entered into effective March 28, 2013 by ARMADA OIL, INC., a Nevada corporation (“Guarantor”), for the benefit of THE F&M BANK & TRUST COMPANY (“Lender”) for itself and as Collateral Agent under the Intercreditor Agreement (as defined below). For valuable consideration, Guarantor absolutely and unconditionally guarantees and promises to pay to Lender or its order, in legal tender of the United States of America, the Obligations (as defined below) of MESA ENERGY, INC. (“Borrower”) to Lender on the terms and conditions set forth in this Guaranty. Under this Guaranty, the liability of Guarantor is unlimited and the obligations of Guarantor are continuing.
