AMENDMENT TO SENIOR SECURED PROMISSORY NOTE (SECOND TRANCHE)Senior Secured Promissory Note • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services • New York
THIS FIRST AMENDMENT TO THE SENIOR SECURED PROMISSORY NOTE (the “Amendment”) is executed as of this 13th day of January, 2012 (“Effective Date”) by and between BLAST ENERGY SERVICES, INC., a Texas corporation (“Company”), and CENTURION CREDIT FUNDING LLC, a Delaware limited liability company (the “Centurion”). All capitalized terms used but not otherwise defined herein have the respective meanings given them in the Promissory Note. This Amendment supercede and replaced the Term Sheet, dated December 2011, by and between the parties.
VOTING AGREEMENTVoting Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services • California
This Voting Agreement (this "Agreement"), dated as of January __, 2012 is by and among Blast Energy Services, Inc., a Texas corporation (the "Company"), the undersigned, a stockholder ("Stockholder") of the Company, and Pacific Energy Development Corp., a Nevada corporation ("PEDCO").
AGREEMENT AND PLAN OF REORGANIZATIONMerger Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services • California
FORM OF UNSECURED LIMITED GUARANTY OF COLLECTIONUnsecured Limited Guaranty of Collection • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services • New York
This UNSECURED LIMITED GUARANTY OF COLLECTION (this “Guaranty”), dated as of ___________, 2012 [to be dated and executed upon closing of the merger], is executed and delivered by Pacific Energy Development Corp., a Nevada corporation (the “Guarantor”) in favor of Centurion Credit Funding LLC, in its capacity as the Investor under the Purchase Agreement (as defined below) together with its successors, transferees and assigns, the “Investor”).
DEBT CONVERSION AGREEMENTDebt Conversion Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services
THIS DEBT CONVERSION AGREEMENT ("AGREEMENT"), dated as January 13, 2012, by and among, BLAST ENERGY SERVICES, INC., a Texas corporation (the "Company"), Berg McAfee Companies, LLC, a California limited liability company ("BMC"), and Clyde Berg, an individual ("Berg" and together with BMC, the "Holders").
DEBT CONVERSION AGREEMENTDebt Conversion Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services
THIS DEBT CONVERSION AGREEMENT ("AGREEMENT"), dated as January, ___2012, by and between BLAST ENERGY SERVICES, INC., a Texas corporation (the "Company"), and the undersigned individual (the "Holder").
AMENDMENT TO NOTE PURCHASE AGREEMENTNote Purchase Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services • New York
THIS FIRST AMENDMENT TO THE NOTE PURCHASE AGREEMENT (the “Amendment”) is executed as of this 13th day of January, 2012 (“Effective Date”) by and between BLAST ENERGY SERVICES, INC., a Texas corporation (“Company”), and CENTURION CREDIT FUNDING LLC, a Delaware limited liability company (the “Centurion”). All capitalized terms used but not otherwise defined herein have the respective meanings given them in the Note Purchase Agreement. This Amendment supersedes and replaces the Term Sheet, dated December 2011, by and between the parties
AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services • New York
THIS FIRST AMENDMENT TO THE SECURITY AGREEMENT (the “Amendment”) is executed as of this 13th day of January, 2012 (“Effective Date”) by and between BLAST ENERGY SERVICES, INC., a Texas corporation (“Company”), Eagle Domestic Drilling Operations, LLC, a Texas limited liability Company, BLAST AFJ, Inc., a Delaware corporation on one hand (collectively, the “Grantors”), and CENTURION CREDIT FUNDING LLC, a Delaware limited liability company (the “Centurion”) on the other hand. All capitalized terms used but not otherwise defined herein have the respective meanings given them in the Security Agreement. This Amendment supersedes and replaces the Term Sheet, dated December 2011, by and between the parties.
Pacific Energy Development and Blast Energy Services Sign Merger AgreementMerger Agreement • January 20th, 2012 • Blast Energy Services, Inc. • Oil & gas field exploration services
Danville, California, January 20, 2012: Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged in the acquisition and development of energy projects in the U.S. and Pacific Rim countries, and Blast Energy Services, Inc. (“Blast”) (OTCBB: BESV), a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources in the U.S. and the development and commercialization of a patented applied fluid jetting down-hole stimulation technology, today announced that they have signed a definitive Agreement and Plan of Reorganization (the “Merger Agreement”).
