November 2017 Secured Note Extension Agreement, by and between the Company and Petro Exploration Funding II, LLC, dated December 17, 2018

 

 

 

 

 

Reference is hereby made to (i) that certain Securities Purchase Agreement (the “SPA”), dated as of June 13, 2017, entered into by and among Petro River Oil Corp (the “Company”), Spyglass Energy Group, LLC (“Spyglass”) and Petro Exploration Funding II, LLC (“Petro Funding”), and (ii) that certain Secured Promissory Note in the principal amount of $2,500,000 dated November 6, 2017 (the “Promissory Note”). Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the SPA or the Promissory Note.

 

Petro Funding hereby is willing to extend the due date of the first interest payment as set forth in Section 2.2(b) of the Promissory Note (as modified on May 17 2018) from December 31, 2018 to March 31, 2019.

 

Please execute this letter below to acknowledge and agree to the interest payment extension.