OPERATED DEPOSIT ACCOUNT CONTROL AGREEMENT Executed and Delivered as of October 29, 2009. PARTIESOperated Deposit Account Control Agreement • May 16th, 2011 • Black Elk Energy Finance Corp.
The Debtor has established an Escrow Account identified by the Deposit Account number specified below (as re-numbered and including any funds in the Deposit Account or Deposit Accounts, the “Deposit Account”), which has been established pursuant to that certain Operated Escrow Agreement by and among the Secured Party, the Debtor, and the Bank dated of even date herewith (as amended from time to time, the “Escrow Account”). The Debtor has granted the Secured Party a security interest in the Deposit Account. The Debtor is requesting that the Bank enter into this Agreement. The Bank is willing to do so upon the terms contained in this Agreement.
