MORTGAGE, DEED OF TRUST, ASSIGNMENT OF PRODUCTION, SECURITY AGREEMENT AND FINANCING STATEMENT Dated as of May 18, 2012 FROM DAYBREAK OIL AND GAS, INC. (“Mortgagor”) TO LUBERSKI, INC., a California corporation (“Trustee”) In Trust for the Benefit of...Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement • May 24th, 2012 • Daybreak Oil & Gas Inc • Crude petroleum & natural gas
THIS MORTGAGE, DEED OF TRUST, ASSIGNMENT OF PRODUCTION, SECURITY AGREEMENT AND FINANCING STATEMENT (herein called the “Mortgage”), dated effective as of May 18, 2012, from DAYBREAK OIL AND GAS, INC., a Washington corporation (herein called “Mortgagor”), 601 W. Main Ave., Suite 1012, Spokane, WA 99201 to Luberski, Inc., a California corporation, Trustee (herein called “Trustee”) whose address is 310 N. Harbor Blvd., Ste 205, Fullerton, CA 92832, for the benefit of Luberski, Inc., a California corporation whose address is 310 N. Harbor Blvd., Ste 205, Fullerton, CA 92832, as lender pursuant to that certain Promissory Note and Loan Agreement (collectively the “Note”) dated of even date herewith (the “Lender”). Any capitalized term used but not defined herein shall have the meaning given such term in the Note. As of this date, the maximum principal amount under the Note is $1,500,000.00 (“Loan Amount”).
LOAN AGREEMENTLoan Agreement • May 24th, 2012 • Daybreak Oil & Gas Inc • Crude petroleum & natural gas • California
This Agreement between Luberski, Inc., a California corporation (hereinafter “Lender”) on one hand and RTG Steel Company, LLC, an Arizona limited liability company and Daybreak Oil and Gas, Inc., a Washington corporation (“Daybreak”)(collectively referred to as “Borrowers”), is entered into as of this _18th_day of May 2012 (the “Effective Date”). All references to “Borrowers” and/or “Lender” in this Agreement shall also refer to all employees, consultants, agents or representatives of “Borrowers” and/or “Lender.” This Agreement cancels and supersedes all prior agreements with respect to the subject matter of this Agreement.
BORROWER SHARING AGREEMENTBorrower Sharing Agreement • May 24th, 2012 • Daybreak Oil & Gas Inc • Crude petroleum & natural gas • Texas
