ADDITIONAL ISSUANCE AND EXCHANGE AGREEMENTAdditional Issuance and Exchange Agreement • March 29th, 2018 • EnerJex Resources, Inc. • Crude petroleum & natural gas
This Additional Issuance and Exchange Agreement (this “Agreement”), dated as of March 26, 2018, is made pursuant to that certain Securities Purchase Agreement, dated as of March 11, 2015, as amended (the “Purchase Agreement”), by and between EnerJex Resources, Inc. (the “Company”) and Alpha Capital Anstalt (the “Purchaser”) for:
PROMISSORY NOTEEnerJex Resources, Inc. • March 29th, 2018 • Crude petroleum & natural gas • Texas
RELEASE AND COVENANT NOT TO SUEEnerJex Resources, Inc. • March 29th, 2018 • Crude petroleum & natural gas
This Release and Covenant is being executed and delivered pursuant to that certain Deed in Lieu of Foreclosure Agreement dated as of March 26, 2018 (“Deed In Lieu Agreement”), by and among the Obligors, Administrative Agent and Pass Creek. Terms appearing as initially capitalized terms and not expressly defined herein shall have the respective meanings given them in the Deed In Lieu Agreement.
DEED IN LIEU OF FORECLOSURE AGREEMENTOf Foreclosure Agreement • March 29th, 2018 • EnerJex Resources, Inc. • Crude petroleum & natural gas • Kansas
This Deed in Lieu of Foreclosure Agreement (“Agreement”) is made as of the ___ day of March, 2018, by and among ENERJEX KANSAS, INC. (f/k/a Midwest Energy, Inc.), a Nevada corporation (“EnerJex Kansas”), BLACK RAVEN ENERGY, INC., a Nevada corporation (“Black Raven”), WORKING INTEREST, LLC, a Kansas limited liability company (“Working Interest”), ADENA, LLC, a Colorado limited liability company (“Adena”), KANSAS HOLDINGS, LLC, a Delaware limited liability company (“Kansas Holdings”) and BLACK SABLE ENERGY, LLC, a Texas limited liability company (“Black Sable”; together with EnerJex Kansas, Black Raven, Working Interest, Adena and Kansas Holdings, individually, a “Borrower” and collectively, the “Borrowers”), ENERJEX RESOURCES, INC., a Nevada corporation (“Guarantor”) (Borrowers and Guarantor are hereinafter sometimes jointly referred to as the “Obligors”), PASS CREEK RESOURCES LLC, a Delaware limited liability company (“Pass Creek”) and CORTLAND CAPITAL MARKET SERVICES LLC, a Delaware l
