HYDROCARB ENERGY CORP - FORM 8-K - EX-10.10 - SIDE LETTER AGREEMENT DATED NOVEMBER 9, 2015 BETWEEN UNION CAPITAL, LLC AND HYDROCARB ENERGY CORPORATION - November 13, 2015

Attached files

file filename
8-K - HYDROCARB ENERGY CORPhydrocarb8k110915.htm
EX-10.9 - SIDE LETTER AGREEMENT DATED NOVEMBER 9, 2015 BETWEEN ADAR BAYS, LLC AND HYDROCARB ENERGY CORPORATION - HYDROCARB ENERGY CORPex10-9.htm
EX-10.6 - 8% SHORT TERM CASH REDEEMABLE SECURED NOTE ($208,000), DUE NOVEMBER 9, 2017, DATED NOVEMBER 9, 2015, ISSUED BY HYDROCARB ENERGY CORPORATION TO UNION CAPITAL, LLC - HYDROCARB ENERGY CORPex10-6.htm
EX-10.8 - COLLATERALIZED SECURED PROMISSORY NOTE DATED NOVEMBER 9, 2015 ($208,000), ISSUED BY UNION CAPITAL, LLC TO HYDROCARB ENERGY CORPORATION - HYDROCARB ENERGY CORPex10-8.htm
EX-10.7 - COLLATERALIZED SECURED PROMISSORY NOTE DATED NOVEMBER 9, 2015 ($208,000), ISSUED BY ADAR BAYS, LLC TO HYDROCARB ENERGY CORPORATION - HYDROCARB ENERGY CORPex10-7.htm
EX-10.2 - SECURITIES PURCHASE AGREEMENT DATED NOVEMBER 9, 2015 BETWEEN HYDROCARB ENERGY CORPORATION AND UNION CAPITAL, LLC - HYDROCARB ENERGY CORPex10-2.htm
EX-10.5 - 8% SHORT TERM CASH REDEEMABLE SECURED NOTE ($208,000), DUE NOVEMBER 9, 2017, DATED NOVEMBER 9, 2015, ISSUED BY HYDROCARB ENERGY CORPORATION TO ADAR BAYS, LLC - HYDROCARB ENERGY CORPex10-5.htm
EX-10.3 - 8% SHORT TERM CASH REDEEMABLE NOTE ($208,000), DUE NOVEMBER 9, 2017, DATED NOVEMBER 9, 2015, ISSUED BY HYDROCARB ENERGY CORPORATION TO ADAR BAYS, LLC - HYDROCARB ENERGY CORPex10-3.htm
EX-10.4 - 8% SHORT TERM CASH REDEEMABLE NOTE ($208,000), DUE NOVEMBER 9, 2017, DATED NOVEMBER 9, 2015, ISSUED BY HYDROCARB ENERGY CORPORATION TO UNION CAPITAL, LLC - HYDROCARB ENERGY CORPex10-4.htm
EX-10.14 - EMPLOYMENT AGREEMENT WITH CHARLES F. DOMMER (JULY 20, 2015) - HYDROCARB ENERGY CORPex10-14.htm
EX-10.12 - SIDE LETTER AGREEMENT DATED NOVEMBER 9, 2015 BETWEEN JSJ INVESTMENTS INC. AND HYDROCARB ENERGY CORPORATION - HYDROCARB ENERGY CORPex10-12.htm
EX-10.11 - 8% SHORT TERM CASH REDEEMABLE NOTE ($350,000), DATED NOVEMBER 9, 2015, ISSUED BY HYDROCARB ENERGY CORPORATION TO JSJ INVESTMENTS INC. - HYDROCARB ENERGY CORPex10-11.htm
EX-10.13 - FINANCIAL CONSULTING AGREEMENT BETWEEN HYDROCARB ENERGY CORPORATION AND GEOSERVE MARKETING LLC (JUNE 28, 2015) - HYDROCARB ENERGY CORPex10-13.htm
EX-10.1 - SECURITIES PURCHASE AGREEMENT DATED NOVEMBER 9, 2015 BETWEEN HYDROCARB ENERGY CORPORATION AND ADAR BAYS, LLC - HYDROCARB ENERGY CORPex10-1.htm
Exhibit 10.10
 
November 9, 2015
 

Letter Agreement is between Union Capital, LLC (the “Investor”) and HydroCarb Energy Corporation (the “Company”).

NOW THEREFORE the parties agree as follows:

 
1.
The Investor hereby grants the Company the first of three (3) 30 day conversion moratorium option for the 30 days beginning on the 6 month anniversary of the $208,000 note purchased on even date herewith.  If the Company decides to exercise the first conversion moratorium option, it must notify the Investor of its intent to do so no later than 10 trading days prior to the 6 month anniversary of the note and wire the sum of $20,000 to the Investor no later than 5 trading days prior to the 6 month anniversary of the Note.

 
2.
Upon timely receipt of the option exercise notice and the timely receipt of the $20,000, the Investor agrees it shall not convert the $208,000 note for a period of 30 days commencing on the 6 month anniversary of the $208,000 note and that the Prepayment Date as defined in Section 4(c) of the Note shall be extended for a period of 30 days commencing on the 6 month anniversary of the $208,000 note.

 
3.
The Investor hereby grants the Company the second of three (3) 30 day conversion moratorium option for the 30 days beginning on the 7 month anniversary of the $208,000 note purchased on even date herewith.  If the Company decides to exercise the second conversion moratorium option, it must notify the Investor of its intent to do so no later than 10 trading days prior to the 7 month anniversary of the note and wire the sum of $20,000 to the Investor no later than 5 trading days prior to the 7 month anniversary of the Note.
 
 
4.
Upon timely receipt of the 2nd option exercise notice and the timely receipt of the $20,000, the Investor agrees it shall not convert the $208,000 note for a period of 30 days commencing on the 7 month anniversary of the $208,000 note and that the Prepayment Date as defined in Section 4(c) of the Note shall be extended for a period of 30 days commencing on the 7 month anniversary of the $208,000 note.

 
5.
The Investor hereby grants the Company the third of three (3) 30 day conversion moratorium option for the 30 days beginning on the 8 month anniversary of the $208,000 note purchased on even date herewith.  If the Company decides to exercise the third conversion moratorium option, it must notify the Investor of its intent to do so no later than 10 trading days prior to the 8 month anniversary of the note and wire the sum of $20,000 to the Investor no later than 5 trading days prior to the 8 month anniversary of the Note.
 
 

 
 
 
 
 
 
6.
Upon timely receipt of the 3rd option exercise notice and the timely receipt of the $20,000, the Investor agrees it shall not convert the $208,000 note for a period of 30 days commencing on the 8 month anniversary of the $208,000 note and that the Prepayment Date as defined in Section 4(c) of the Note shall be extended for a period of 30 days commencing on the 8 month anniversary of the $208,000 note.

 
7.
This letter agreement shall be governed by the laws of the State of New York.  Venue shall be had in the federal and state courts of New York.


 

HYDROCARB ENERGY CORPORATION

By: /s/ Kent Patrick Watts                            
Kent Patrick Watts, CEO


UNION CAPITAL, LLC

By: /s/ Yakov Borenstein                              
Yakov Borenstein, Manager
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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