DATED January 18, 2020 BERWIN TRADING LimitedFoothills Exploration, Inc. • February 28th, 2020 • Crude petroleum & natural gas • Hong Kong
AMENDMENT #1 TO THE SENIOR SECURED CONVERTIBLE PROMISSORY NOTE AND NET PROFITS INTEREST AGREEMENT DATED MARCH 4, 2019Foothills Exploration, Inc. • February 28th, 2020 • Crude petroleum & natural gas
THIS AMENDMENT #1 TO THE SENIOR SECURED CONVERTIBLE PROMISSORY NOTE AND NET PROFITS INTEREST AGREEMENT DATED MARCH 4, 2019 (the “Amendment”) is made effective as of January 21, 2020 (the “Effective Date”), by and between Foothills Exploration, Inc., a Delaware corporation (the “Company”), and FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (the “Holder”) (collectively the “Parties”).
PLEDGE OF COLLATERALPledge of Collateral • February 28th, 2020 • Foothills Exploration, Inc. • Crude petroleum & natural gas
Reference is made to a certain Deed of Novation and Assignment dated January 18, 2020, by and between Berwin Trading Limited (“Berwin”), Profit Well Limited (“Profit Well”), Foothills Exploration, Inc. (“Foothills”) and Beijing Gas Blue Sky Holdings Limited (“BGBS”) (the “Novation”).
BRIDGE NOTEBridge Note • February 28th, 2020 • Foothills Exploration, Inc. • Crude petroleum & natural gas
THIS BRIDGE NOTE (this “Note”) is made as of January 17, 2020 (the “Issue Date”), by FOOTHILLS PRODUCTION I, LLC, a Wyoming limited liability company (hereinafter the “Company” or “Borrower”), for the benefit of BEIJING GAS BLUE SKY HOLDINGS LIMITED, a limited liability company incorporated in Bermuda, whose registered address is at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda, and its successors and assigns (“Lender”), in the principal amount of Two Hundred Twenty Thousand and No/100ths United States Dollars (USD $220,000.00), due and payable on April 17, 2020 (the “Maturity Date”).
