0001297077-08-000057 Sample Contracts

FORBEARANCE AGREEMENT

Forbearance Agreement • May 12th, 2008 • Universal Property Development & Acquisition Corp • Crude petroleum & natural gas • New York

• Contract Type
  Forbearance Agreement
• Filed
  May 12th, 2008
• Company
  Universal Property Development & Acquisition Corp
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  New York

This Forbearance Agreement (this "Agreement") is dated and effective as of May 1, 2008 among Universal Property Development and Acquisition Corporation ("Borrower"), Kamal Abdallah and Christopher 1. McCauley (Messrs. Abdallah and McCauley, collectively the "Guarantors") and Sheridan Asset Management, LLC (including any successor-by-assignment, "Lender").