Amendment to Secured Term Loan Note effective as of September 30, 2024, by and between Royale Energy, Inc. and Walou Investments, LP

Exhibit 10.1

Amendment to Secured Term Loan Note

This Amendment to Secured Term Loan Note (the “Amendment”) is made as of November 1, 2024 by and between Royale Energy, Inc., a Delaware corporation (the "Borrower"), and Walou Investments, LP, a Texas limited partnership, in its capacity as administrative agent for Lenders (“Agent”).

Background

Whereas, the Borrower issued a Secured Term Loan Note dated February 9, 2024 (the “Note”), with an original Maturity Date of August 1, 2025; and

Whereas, the parties now desire to extend the Maturity Date of the Note to January 1, 2026.

Amendment

The Note is hereby amended as follows:

 “(c) The entire unpaid principal balance of the loan(s) represented by this Note, plus all accrued and unpaid interest thereof and any fees or penalties with respect thereto, shall be due and payable on January 1, 2026 (the “Maturity Date”).

Commencing on March 1, 2024, and on a monthly basis on the 1st day of each month thereafter, until the Maturity Date, Borrower shall make interest payments in the amount calculated in accordance with Section 2 hereof, on the outstanding

principal balance hereunder.”