LOAN MODIFICATION AGREEMENT among RED MOUNTAIN RESOURCES, INC. 2515 McKinney Avenue, Suite 900 Dallas, Texas 75201 and HYMAN BELZBERG, WILLIAM BELZBERG, CADDO MANAGEMENT, INC. and RMS ADVISORS, INC. 9665 Wilshire Blvd., Suite M-10 Beverly Hills, CA...Loan Modification Agreement • April 22nd, 2013 • Red Mountain Resources, Inc. • Crude petroleum & natural gas • Texas
THIS LOAN MODIFICATION AGREEMENT (the “Agreement”), effective as of December 1, 2012, is entered into by and among HYMAN BELZBERG (“HB”), WILLIAM BELZBERG (“WB”), CADDO MANAGEMENT, INC., a Louisiana corporation (“Caddo”) and RMS ADVISORS, INC., a Delaware corporation (“RMS”, and together with HB, WB and Caddo, collectively, “Lender”), and RED MOUNTAIN RESOURCES, INC., a Florida corporation (“Borrower”), with reference to the following Recitals:
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • April 22nd, 2013 • Red Mountain Resources, Inc. • Crude petroleum & natural gas • Texas
Purchase and Sale Agreement, dated as of December 12, 2012 (the “Agreement”), by and between Cross B, LLC (“Seller”) and Red Mountain Resources, Inc., a Florida corporation (“Purchaser”).
