Document:

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Exhibit
10.4

AMENDED AND RESTATED SUBORDINATION AGREEMENT

THIS AMENDED AND RESTATED SUBORDINATION AGREEMENT, dated as of
August 16, 2007 (this “Subordination Agreement”), by and
among Universal Property and Development Acquisition Corporation, a
Nevada Corporation (“UPDA”) whose principal place of business
is located at 124 N. Church Street, Jacksboro, TX 76458, Heartland Oil and
Gas Corp., a Nevada corporation (“HOGC”), whose principal
place of business is located at 1610 Industrial Drive, Paola, KS 66071,
Canyon Creek Oil and Gas, Inc., a Nevada corporation
(“Canyon”), whose principal place of business is located at
124 N. Church Street, Jacksboro, TX 76458, Catlin Oil and Gas, Inc., a
Nevada corporation (“Catlin”), whose principal place of
business is located at 124 N. Church Street, Jacksboro, TX 76458, Heartland
Gas Gathering, LLC, a Kansas limited liability company
(“HGG”), whose principal place of business is located at 1610
Industrial Drive, Paola, KS 66071, Heartland Oil and Gas Inc., a Nevada
corporation (“Heartland Oil”), whose principal place of
business is located at 1610 Industrial Drive, Paola, KS 66071, UPDA
Operators, Inc., a Nevada corporation whose principal place of business is
located at 124 N. Church St., Jacksboro, TX 76458 (“UPDAO”),
Heartland International Oil Corp. a British Virgin Island Company
(“Heartland International”), whose principal place of
business is located at 12603 Southwest Freeway, Suite 285, Stafford, TX 77477,
Aztec Well Services, Inc. (“Aztec”), a Nevada
corporation whose principal place of business is located at 1610 Industrial
Drive, Paola, KS 66071, Kamal Abdallah (“Abdallah”), a
US citizen and resident of the state of Texas, whose primary residence is 8
Links Green, San Antonio, TX 78257, Christopher J. McCauley
(“McCauley,” together with UPDA, HOGC, Canyon, Catlin, HGG,
Heartland Oil, UPDAO, Heartland International, Aztec and Abdallah, the
“UPDA Group”), a US citizen and resident of the state of
Ohio, whose primary residence is 5408 Valley Pkwy., Brecksville, OH 44141 and
Sheridan Asset Management, LLC, a Delaware limited liability company (the
“Lender”), whose principal place of business is located at
1025 Westchester Avenue, Suite 31, White Plains, NY
10604.

W I T N E S S E T H:

       WHEREAS, Abdallah, UPDA
and the Lender entered into a Subordination Agreement dated as of April 6, 2007
(the “Original Agreement”);

       WHEREAS, the Lender and
certain members of the UPDA Group have entered into a Loan Agreement dated as of
April 6, 2007, (as amended as of August 16, 2007, the “UPDA First Loan
Agreement”) the indebtedness (the “UPDA First
Loan”) pursuant to which is evidenced by the a Senior Secured
Promissory Note due April 6, 2008 in the original aggregate principal amount of
$3,635,000 (as amended, the “UPDA First Note”); 

       WHEREAS, the Lender and
the UPDA Group have entered into another Loan Agreement dated as of August 16,
2007, as the same may be modified or amended from time to time, the
“UPDA Second Loan Agreement,” together with the UPDA First
Loan Agreement, the “Loan Agreements”) the indebtedness (the
“UPDA Second Loan”) pursuant to which shall be evidenced by
the a Senior Secured Promissory Note due August 16, 2010 in the original
aggregate principal amount of $3,250,000 (the “UPDA Second
Note” and together with the UPDA First Note, the “Senior
Notes”); 

   

       WHEREAS, the parties
wish to amend and restate the Original Agreement to provide that the all the
claims, indebtedness and other obligations of each member of the UPDA Group to
any other member of the UPDA Group (the “Subordinated Debt”)
be subordinated to both the obligations under the UPDA First Note and the UPDA
Second Note; and

       NOW, THEREFORE, in
consideration of the premises, the Lender and the UPDA Group are entering into
this Subordination Agreement in order to fully set forth the provisions by which
all obligations or indebtedness of each member of the UPDA Group under or
pursuant to the Subordinated Debt is subordinate and junior in right of payment,
and as to any security interest in each other member of the UPDA Group’s
assets, to all Superior Indebtedness (as hereinafter defined).

       1.     Subordination.
The Subordinated Debt shall be subordinate and junior in right of payment,
and as to any security interest in any member of the UPDA Group’s assets,
to all Superior Indebtedness (as defined herein) to the extent provided in this
Subordination Agreement.

       2.     Agreement
to Subordinate. Unless and until the Superior Indebtedness shall have been
paid in full, each of the UPDA Group hereby acknowledges and agrees that the
indebtedness created by, and other obligations of any nature payable in respect
of, the  Subordinated Debt, including without limitation any renewals,
rearrangements, or modifications thereof, are at all times, and in all respects,
subordinate and junior in right of payment, and as to any security interest in
any other member of the UPDA Group’s assets, to all Superior Indebtedness
on the following terms and conditions:

                         (i)     Each
of the UPDA Group postpones and subordinates the Subordinated Debt and any and
all other indebtedness, now or hereafter existing from any member of the UPDA
Group to any other member of the UPDA Group, including, but not limited to, all
rights to receive payments, management fees or distributions, whether in cash or
property or otherwise, to any and all obligation of any of the UPDA Group
pursuant to the Superior Indebtedness.  Each member of the UPDA Group agrees
that, so long as a member of the UPDA Group is indebted in any way pursuant to
the Superior Indebtedness, no member of the UPDA Group shall make any payment,
whether in cash, property or otherwise, or grant any security interest, to any
other members of the UPDA Group in respect of the Subordinated Debt.  If any
payment or distribution, whether in cash, property or otherwise, is made by any
member of the UPDA Group in violation of this Section 2(i), the member of the
UPDA Group in receipt of such payment shall hold such payment in trust for the
holder of the Superior Indebtedness and pay it over to such holder, or its
representative, to the extent necessary to pay in full all Superior Indebtedness
then remaining unpaid.

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                         (ii)     In
the event of any proceedings relative to any member of the UPDA Group or its
property under any Debtor Relief Laws (as defined below), or in the event of any
voluntary or involuntary liquidation, winding up or dissolution of any member of
the UPDA Group, or assignment for the benefit of creditors, the holder of
Superior Indebtedness shall be entitled to receive payment in full of the
Superior Indebtedness (including, without limitation, post-petition interest,
regardless of whether such interest is allowable under Section 506 of the United
States Bankruptcy Code) before any of the members of the UPDA Group are entitled
to receive any payment or distribution (whether in cash, property or securities)
on account of the  Subordinated Debt and, in the event any such payment or
distribution is made upon or in respect of the Subordinated Debt from and after
the commencement of any such proceedings, liquidation, winding-up or
dissolution, the member of UPDA Group in receipt of such payment shall hold such
payment in trust for the holder of the Superior Indebtedness and pay it over to
such holder, or its representative, on demand, to the extent necessary to pay in
full all Superior Indebtedness then remaining unpaid.

                         (iii)     In
the event of any dissolution, winding up, liquidation, or reorganization of any
member of the UPDA Group under any Debtor Relief Law (as defined below) (whether
voluntary or involuntary and whether in bankruptcy, insolvency, or receivership
proceedings, or upon an assignment for the benefit of creditors or any other
marshaling of the assets and liabilities of such member of the UPDA Group or
otherwise), each member of the UPDA Group, by its acceptance of this
Subordination Agreement covenants and agrees as follows:

       (1)     all
Superior Indebtedness shall first be paid in full before any payment or
distribution is made in respect of any Subordinated Debt;  

       (2)     any
payment or distribution of assets of any member of the UPDA Group or from the
estate created by the commencement of any such proceedings, whether in cash,
property, or securities, to which any other member of the UPDA Group would be
entitled in respect of the Subordinated Debt except for the provisions of this
Section 2 (including any such payments or distributions which may be payable or
deliverable by reason of the payment of any other indebtedness of any of the
UPDA Group being subordinated to the payments due in respect of the Subordinated
Debt), shall be paid or delivered by such member of the UPDA Group, as the case
may be, or any receiver, trustee in bankruptcy, liquidation trustee, agent, or
other person making such payment or distribution directly to the holder of
Superior Indebtedness or its representative, to the extent necessary to pay in
full all Superior Indebtedness remaining unpaid, before any payment or
distribution is made to any of the members of the UPDA Group in respect of
Subordinated Debt; and

       (3)     in
the event that any payment or distribution of cash, property, or securities
shall be received by any of the members of the UPDA Group in contravention of
subsection (1) or (2) of this subsection (iii) (including any such payments or
distributions which may be payable or deliverable by reason of the payment of
any other indebtedness of any of the UPDA Group being subordinated to the
payments due in respect of the Subordinated Debt), before all Superior
Indebtedness is paid in full, such payment or distribution shall be segregated
and held in trust for the benefit of, and shall be paid over to, the holder of
such Superior Indebtedness or its representative, to the extent necessary to pay
in full all Superior Indebtedness then remaining unpaid, after giving effect to
any concurrent payment or distribution to the holder of Superior
Indebtedness.

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                         (iv)     The
consolidation of any of the members of the UPDA Group with, or the merger of any
of the members of the UPDA Group into, another corporation or the liquidation or
dissolution of any of the members of the UPDA Group following the sale,
conveyance or lease of all or substantially all of its property to another
corporation shall not be deemed a dissolution, winding up, liquidation or
reorganization for the purposes of this subsection (iv) if such other
corporation shall, as a part of such consolidation, merger, sale, conveyance or
lease, expressly assume in writing all of such UPDA Group member’s, as the
case may be, obligations under this Subordination Agreement.

                         (v)     If
a member of the UPDA Group or the Lender notifies another member of the UPDA
Group that a Default or Event of Default (as defined in either the UPDA First
Note or the UPDA Second Note) in respect of any Superior Indebtedness shall have
occurred (whether as a consequence of a failure to make a payment or otherwise),
such member of the UPDA Group shall not take or receive any payment or
distribution (whether in cash, property or securities) upon or in respect of all
or any part of the Subordinated Debt unless and until such Default or Event of
Default shall have been fully cured or waived and, in the event that such member
of the UPDA Group receives any such payment or distribution, it shall hold such
payment or distribution in trust for the holder of Superior Indebtedness and pay
it over to the holder or its representative, on demand.

                         (vi)     No
member of the UPDA Group shall demand, sue for, take, or receive by set-off or
otherwise, any payment, whether in cash, property or otherwise with respect to
the Subordinated Debt.  No member of the UPDA Group shall proceed against
another member of the UPDA Group if such member fails to make any payments of
the Subordinated Debt, and will take no action to levy, execute, seize, or
otherwise acquire any assets or property of the member of the UPDA Group.  Each
of the UPDA Group specifically covenants and agrees that the position and
security of the Lender with respect to all assets of each of the UPDA Group
shall remain in all situations prior and superior to any rights of each of the
UPDA Group in such assets or property.

                         (vii)     If
and so long as (i) the payment of the principal in respect of the Senior Notes
has not been accelerated by the holder thereof, and (ii) no Event of Default (as
defined in either the UPDA First Note or the UPDA Second Note) shall then exist,
no member of the UPDA Group shall demand, sue for, or commence (or join in the
commencement of) any action or proceeding against another member of the UPDA
Group under any Debtor Relief Laws unless and until the Superior Indebtedness
shall have been paid in full.

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                         (viii)     As
used herein, “Superior Indebtedness” means the principal of,
premium, if any, and interest on the Senior Notes, and all fees, expenses,
reimbursements, indemnities, premiums and other amounts payable under the
Transaction Documents.

                         (ix)     As
used herein, “Transaction Documents” means the Loan Agreements, the
Senior Notes, the Security Documents as defined under the UPDA First Loan
Agreement, the Security Documents as defined under the UPDA Second Loan
Agreement, the Registration Rights Agreement as defined under the UPDA Second
Loan Agreement, the Registration Rights Agreement dated as of April 6, 2007 by
and between UPDA and the Lender, the Warrant issued pursuant to the UPDA Second
Loan and the Warrant issued pursuant to the UPDA First Loan , the Subordination
Agreement as defined under the UPDA Second Loan Agreement and any other
documents or agreements executed in connection with the transactions
contemplated hereunder or required to be executed pursuant to the terms of any
UPDA First Loan or UPDA Second Loan Transaction Document.

                         (x)     As
used herein, “Debtor Relief Laws” shall mean the Bankruptcy Code of
the United States of America, and all other applicable federal and state
liquidation, conservatorship, bankruptcy, moratorium, rearrangement,
receivership, insolvency, reorganization, suspension of payments, or similar
debtor relief laws from time to time in effect affecting the rights of creditors
generally.

       3.     Proofs
of Claim.  Each of the UPDA Group undertakes and agrees for the benefit of
each holder of Superior Indebtedness to execute, verify, deliver and file any
proofs of claim in order to prove and realize upon any rights or claims
pertaining to the Subordinated Debt and to effectuate the full benefit of the
subordination contained herein.

       4.     Further
Rights.  No right of the holder of any Superior Indebtedness to enforce
subordination as herein provided shall at any time in any way be prejudiced or
impaired by any act or failure to act on the part of any member of the UPDA
Group or by any act or failure to act by any such holder, or by any
noncompliance by any member of the UPDA Group with the terms and provisions and
covenants hereof, regardless of any knowledge thereof with which any such holder
may have to be otherwise charged.  The holder of Superior Indebtedness may
extend, renew, modify, supplement or amend the terms of the Superior
Indebtedness or any security therefor or guaranty thereof and release, sell,
exchange or enforce such security or guaranty or elect any right or remedy, or
delay in enforcing or release any right or remedy and otherwise deal freely with
each member of the UPDA Group, all without notice to the other members of the
UPDA Group and all without affecting the liabilities and obligations of any
member of the UPDA Group under this Subordination Agreement.  No member of the
UPDA Group shall, so long as any Superior Indebtedness shall be outstanding,
obtain a security interest in any property of another member of the UPDA Group
in order to secure the payment of the Subordinated
Debt.

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       5.     Defaults.
The failure to make any payment due by reason of any provision of this
Subordination Agreement shall not be construed as preventing the occurrence of a
default under such Subordinated Debt.

       6.     Obligations
Not Impaired.  The foregoing provisions are solely for the purpose of
defining the relative rights of the holder of Superior Indebtedness on the one
hand, and each of the UPDA Group on the other hand, and nothing therein shall
 between any of
the UPDA Group and Lender, the obligation of any member of the UPDA Group to pay
the Subordinated Debt it owes to any other Member of the UPDA Group in
accordance with their terms; nor shall anything herein prevent any member of the
UPDA Group from exercising all remedies otherwise permitted by applicable law or
hereunder upon default hereunder, subject to the rights of the holder of
Superior Indebtedness as herein provided for.

       7.     Assignment
of Indebtedness, Agreement.  No member of the UPDA Group shall assign or
transfer any of the Subordinated Debt to any third party or any of its rights or
obligations under this Subordination Agreement, without Lender’s prior
written consent.  Any such assignment or transfer shall be void ab
initio.

       8.     Acceleration
of Obligations.  Should any member of the UPDA Group violate any term or
condition of this Subordinated Agreement, such violation shall constitute an
Event of Default under both the UPDA First Note and the UPDA Second Note, and
Lender shall have the right to immediately and without notice to any member of
the UPDA Group, accelerate the maturity of such Superior Indebtedness.

       9.     Legend
on Instruments.  Each member of the UPDA Group shall place a legend, in form
and substance acceptable to Lender, referencing the subordination provided under
this Subordination Agreement on any paper, document or instrument evidencing any
of the Subordinated Debt.  

       10.     Expenses.
Should it be necessary for Lender to initiate legal action in order to
enforce and protect its rights under this Subordination Agreement, the
applicable member of the UPDA Group shall reimburse Lender for all costs and
expenses incurred in respect to such action, including, but not limited to,
reasonable attorney’s fees (which may include those allocable to
Lender’s in-house counsel).

       11.     Governing
Law.  The validity, meaning and effect of this Subordination Agreement shall
be determined in accordance with the laws of New York applicable to contracts
made and to be performed within that state.

       12.     Notices.
All notices, requests, consents and other communications hereunder shall be
in writing and shall be delivered, or shall be sent by certified or registered
mail, return receipt requested, postage prepaid and addressed (i) if to any
member of the UPDA Group, as set forth above, or to such other address as may
have been furnished to the other parties to this Subordination Agreement by
written notice, and (ii) if to the Lender, as set forth above, or to such other
address as may have been furnished to the other parties to this Subordination
Agreement by written notice.

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       13.     Counterparts.
This Subordination Agreement may be executed in two or more counterparts,
each of which shall be deemed to be an original, but all of which shall together
constitute one and the same document.

       14.     Headings.
The headings used herein are solely for the convenience of the parties and
shall not serve to modify or interpret the text of the Sections at the beginning
of which they appear.

       15.     Successors
and Assigns.  The provisions hereof shall be binding upon and shall inure to
the benefit of the Lender and each of the members, and their respective heirs,
legatees, successors and permitted assigns.

       16.     Amendments
and Waivers.  No amendment, modification, supplement, extension, termination
or waiver of any provision hereof, and no approval or consent hereunder, shall
be effective unless approved in writing by the UPDA Group and the
Lender.

       17.     Severability.
If any provision of this Subordination Agreement shall be held by any court
of competent jurisdiction to be illegal, void or unenforceable, such provision
shall be of no force or effect, but the illegality or unenforceability shall
have no effect upon, and shall not impair the enforceability of, any other
provision of this Subordination Agreement.

       18.     Attorney’s
Fees.  If any party shall commence a proceeding to enforce any provisions of
this Subordination Agreement, then the prevailing party in such proceeding shall
be reimbursed by the other party for its reasonable attorney’s fees and
other costs and expenses incurred with the investigation, preparation and
prosecution of such proceeding.

[Signature Page Follows.]

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       IN WITNESS WHEREOF, the
undersigned has executed this Amended and Restated Subordination Agreement as of
the date first above written.

	

UNIVERSAL PROPERTY DEVELOPMENT AND

ACQUISITION CORPORATION

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

CANYON CREEK OIL AND GAS CORP.

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

CAITLIN OIL & GAS, INC. 

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

HEARTLAND OIL & GAS CORP.

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

HEARTLAND GAS GATHERING, LLC

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

HEARTLAND OIL & GAS, INC.

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

HEARTLAND INTERNATIONAL OIL CORP.

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	
 
	
 
	
 

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AZTEC WELL SERVICES, INC.

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	

UPDA OPERATORS, INC.

	
 
	

By:
__________________________________________
      Name:
      Title:

	
 
	
 
	
 
	

   

	
 
	

KAMAL ABDALLAH

	
 
	
 
	
 
	

      

	
 
	

CHRISTOPHER J. MCCAULEY

9SUBSIDIARY GUARANTEE ____

Exhibit
10.5

AMENDED AND RESTATED SUBSIDIARY GUARANTEE

       AMENDED AND RESTATED
SUBSIDIARY GUARANTEE, dated as of August 16, 2007, made by each of the
signatories hereto (together with any other entity that may become a party
hereto as provided herein, the “Guarantors”), in favor of
Sheridan Asset Management LLC (the “Lender”) pursuant
to that certain Loan Agreement, dated as of April 6, 2007, between Universal
Property Development and Acquisition Corporation, a Nevada corporation
(“UPDA”) and the Lender and that certain Loan Agreement dated
as of August 16, 2007 between UPDA, and the Lender. 

W I T N E S S E T H:

       WHEREAS, pursuant to
that certain Loan Agreement, dated as April 6, 2007, by and between UPDA and the
Lender (as amended as of August 16, 2007, the “UPDA First Loan
Agreement”), the Lender has agreed to make a term loan to UPDA (the
“UPDA First Loan”) evidenced by UPDA’s Senior Secured
Promissory Note, due April 6, 2008 (as amended, the “UPDA First
Note”), subject to the terms and conditions set forth
therein;

       WHEREAS, pursuant to
that certain Loan Agreement dated as of August 16, 2007, by and between UPDA and
the Lender (the “UPDA Second Loan Agreement”, together with
the UPDA First Loan Agreement, the “Loan Agreements”), the
Lender agreed to make another loan to UPDA (the “UPDA Second
Loan”) evidenced by the UPDA’s Senior Secured Promissory Note,
as amended, due August 16, 2010 (the “UPDA Second Note”,
together with the UPDA First Note, the “Notes”), subject to
the terms and conditions set forth therein;

       WHEREAS, each Guarantor
will directly benefit from the extension of credit to UPDA represented by the
issuance of the Notes; and

       NOW, THEREFORE, in
consideration of the premises and to induce the Lender to enter into the Loan
Agreements and to carry out the transactions contemplated thereby, each
Guarantor hereby agrees with the Lender as follows:

       1.     Definitions.
Unless otherwise defined herein, terms defined in the Loan Agreements or the
Notes and used herein shall have the meanings given to them in the Loan
Agreements or the Notes, as such terms relate to such agreements. The words
“hereof,” “herein,” “hereto” and
“hereunder” and words of similar import when used in this Guarantee
shall refer to this Guarantee as a whole and not to any particular provision of
this Guarantee, and Section and Schedule references are to this Guarantee unless
otherwise specified. The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.  The following
terms shall have the following meanings:

             “Guarantee”
means this Subsidiary Guarantee, as the same may be amended, supplemented or
otherwise modified from time to time.

             “Obligations”
means the collective reference to all obligations and undertakings of UPDA of
whatever nature, monetary or otherwise, under the Notes, the Loan Agreements,
the Security Agreement (as defined in the UPDA Second Loan Agreement),
Transaction Documents or any other future agreement or obligations undertaken by
UPDA to the Lender, together with all reasonable attorneys’ fees,
disbursements and all other costs and expenses of collection incurred by Lender
in enforcing any of such Obligations and/or this Guarantee.

   

             “Transaction
Documents” means the Loan Agreements, the Notes, the Security
Documents as defined under the UPDA Second Loan Agreement, the Registration
Rights Agreement as defined under the UPDA Second Loan Agreement, the
Registration Rights Agreement dated as of April 6, 2007 by and between UPDA and
the Lender, the Warrant issued pursuant to the UPDA Second Loan and the Warrant
issued pursuant to the UPDA First Loan, the Subordination Agreement as defined
under the UPDA Second Loan Agreement and any other documents or agreements
executed in connection with the transactions contemplated hereunder or required
to be executed pursuant to the terms of the UPDA First Loan Agreement or the
UPDA Second Loan Agreement.

       2.     Guarantee.

             (a)     Guarantee.

                         (i)     The
Guarantors hereby, jointly and severally, unconditionally and irrevocably,
guarantee to the Lender and its successors, indorsees, transferees and assigns,
the prompt and complete payment and performance by UPDA when due (whether at the
stated maturity, by acceleration or otherwise) of the Obligations. 

                         (ii)     Anything
herein or in any other Transaction Document to the contrary notwithstanding, the
maximum liability of each Guarantor hereunder and under the other Transaction
Documents shall in no event exceed the amount which can be guaranteed by such
Guarantor under applicable federal and state laws, including laws relating to
the insolvency of debtors, fraudulent conveyance or transfer or laws affecting
the rights of creditors generally (after giving effect to the right of
contribution established in Section 2(b)). 

                         (iii)     Each
Guarantor agrees that the Obligations may at any time and from time to time
exceed the amount of the liability of such Guarantor hereunder without impairing
the guarantee contained in this Section 2 or affecting the rights and remedies
of the Lender hereunder.

                         (iv)     The
guarantee contained in this Section 2 shall remain in full force and effect
until all the Obligations and the obligations of each Guarantor under the
guarantee contained in this Section 2 shall have been satisfied by payment in
full. 

                         (v)     No
payment made by UPDA, any of the Guarantors, any other guarantor or any other
Person or received or collected by the Lender from UPDA, any of the Guarantors,
any other guarantor or any other Person by virtue of any action or proceeding or
any set-off or appropriation or application at any time or from time to time in
reduction of or in payment of the Obligations shall be deemed to modify, reduce,
release or otherwise affect the liability of any Guarantor hereunder which
shall, notwithstanding any such payment (other than any payment made by such
Guarantor in respect of the Obligations or any payment received or collected
from such Guarantor in respect of the Obligations), remain liable for the
Obligations up to the maximum liability of such Guarantor hereunder until the
Obligations are paid in full.

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                         (vi)     Notwithstanding
anything to the contrary in this Agreement, with respect to any defaulted
non-monetary Obligations the specific performance of which by the Guarantors is
not reasonably possible (e.g. the issuance of UPDA’s common stock), the
Guarantors shall only be liable for making the Lender whole on a monetary basis
for UPDA’s failure to perform such Obligations in accordance with the
Transaction Documents. 

             (b)     Right
of Contribution. Each Guarantor hereby agrees that to the extent that a
Guarantor shall have paid more than its proportionate share of any payment made
hereunder, such Guarantor shall be entitled to seek and receive contribution
from and against any other Guarantor hereunder which has not paid its
proportionate share of such payment. Each Guarantor’s right of
contribution shall be subject to the terms and conditions of Section 2(c). The
provisions of this Section 2(b) shall in no respect limit the obligations and
liabilities of any Guarantor to the Lender, and each Guarantor shall remain
liable to the Lender for the full amount guaranteed by such Guarantor
hereunder.

             (c)     No
Subrogation.  Notwithstanding any payment made by any Guarantor hereunder or
any set-off or application of funds of any Guarantor by the Lender, no Guarantor
shall be entitled to be subrogated to any of the rights of the Lender against
UPDA or any other Guarantor or any collateral security or guarantee or right of
offset held by the Lender for the payment of the Obligations, nor shall any
Guarantor seek or be entitled to seek any contribution or reimbursement from
UPDA or any other Guarantor in respect of payments made by such Guarantor
hereunder, until all amounts owing to the Lender by UPDA on account of the
Obligations are paid in full. If any amount shall be paid to any Guarantor on
account of such subrogation rights at any time when all of the Obligations shall
not have been paid in full, such amount shall be held by such Guarantor in trust
for the Lender, segregated from other funds of such Guarantor, and shall,
forthwith upon receipt by such Guarantor, be turned over to the Lender in the
exact form received by such Guarantor (duly indorsed by such Guarantor to the
Lender if required), to be applied against the Obligations, whether matured or
unmatured, in such order as the Lender may determine.

             (d)     Amendments,
Etc. With Respect to the Obligations. Each Guarantor shall remain obligated
hereunder notwithstanding that, without any reservation of rights against any
Guarantor and without notice to or further assent by any Guarantor, any demand
for payment of any of the Obligations made by the Lender may be rescinded by the
Lender and any of the Obligations continued, and the Obligations, or the
liability of any other Person upon or for any part thereof, or any collateral
security or guarantee therefor or right of offset with respect thereto, may,
from time to time, in whole or in part, be renewed, extended, amended, modified,
accelerated, compromised, waived, surrendered or released by the Lender, and the
Loan Agreements and the other Transaction Documents and any other documents
executed and delivered in connection therewith may be amended, modified,
supplemented or terminated, in whole or in part, as the Lender may deem
advisable from time to time, and any collateral security, guarantee or right of
offset at any time held by the Lender for the payment of the Obligations may be
sold, exchanged, waived, surrendered or released. The Lender shall have no
obligation to protect, secure, perfect or insure any Lien at any time held by
them as security for the Obligations or for the guarantee contained in this
Section 2 or any property subject thereto.  

3
   

             (e)     Guarantee
Absolute and Unconditional. Each Guarantor waives any and all notice of the
creation, renewal, extension or accrual of any of the Obligations and notice of
or proof of reliance by the Lender upon the guarantee contained in this Section
2 or acceptance of the guarantee contained in this Section 2; the Obligations,
and any of them, shall conclusively be deemed to have been created, contracted
or incurred, or renewed, extended, amended or waived, in reliance upon the
guarantee contained in this Section 2; and all dealings between UPDA and any of
the Guarantors, on the one hand, and the Lender, on the other hand, likewise
shall be conclusively presumed to have been had or consummated in reliance upon
the guarantee contained in this Section 2. Each Guarantor waives to the extent
permitted by law diligence, presentment, protest, demand for payment and notice
of default or nonpayment to or upon UPDA or any of the Guarantors with respect
to the Obligations. Each Guarantor understands and agrees that the guarantee
contained in this Section 2 shall be construed as a continuing, absolute and
unconditional guarantee of payment without regard to (a) the validity or
enforceability of the Loan Agreements or any other Transaction Document, any of
the Obligations or any other collateral security therefor or guarantee or right
of offset with respect thereto at any time or from time to time held by the
Lender, (b) any defense, set-off or counterclaim (other than a defense of
payment or performance or fraud or misconduct by Lender) which may at any time
be available to or be asserted by UPDA or any other Person against the Lender,
or (c) any other circumstance whatsoever (with or without notice to or knowledge
of UPDA or such Guarantor) which constitutes, or might be construed to
constitute, an equitable or legal discharge of UPDA for the Obligations, or of
such Guarantor under the guarantee contained in this Section 2, in bankruptcy or
in any other instance. When making any demand hereunder or otherwise pursuing
its rights and remedies hereunder against any Guarantor, the Lender may, but
shall be under no obligation to, make a similar demand on or otherwise pursue
such rights and remedies as it may have against UPDA, any other Guarantor or any
other Person or against any collateral security or guarantee for the Obligations
or any right of offset with respect thereto, and any failure by the Lender to
make any such demand, to pursue such other rights or remedies or to collect any
payments from UPDA, any other Guarantor or any other Person or to realize upon
any such collateral security or guarantee or to exercise any such right of
offset, or any release of UPDA, any other Guarantor or any other Person or any
such collateral security, guarantee or right of offset, shall not relieve any
Guarantor of any obligation or liability hereunder, and shall not impair or
affect the rights and remedies, whether express, implied or available as a
matter of law, of the Lender against any Guarantor. For the purposes hereof,
“demand” shall include the commencement and continuance of any legal
proceedings.

             (f)     Reinstatement.
The guarantee contained in this Section 2 shall continue to be effective, or be
reinstated, as the case may be, if at any time payment, or any part thereof, of
any of the Obligations is rescinded or must otherwise be restored or returned by
the Lender upon the insolvency, bankruptcy, dissolution, liquidation or
reorganization of UPDA or any Guarantor, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar
officer for UPDA or any Guarantor or any substantial part of its property, or
otherwise, all as though such payments had not been
made.

4
   

             (g)     Payments.
Each Guarantor hereby guarantees that payments hereunder will be paid to the
Lender without set-off or counterclaim in U.S. dollars at the address set forth
or referred to in the Loan Agreements.

       3.     Representations
and Warranties. Each Guarantor hereby makes the following representations
and warranties to Lender as of the date hereof:

             (a)     Organization
and Qualification. Each Guarantor is a corporation or limited liability
company, duly organized, validly existing and in good standing under the laws of
the applicable jurisdiction set forth on Schedule 1, with the requisite
corporate or organizational power and authority to own and use its properties
and assets and to carry on its business as currently conducted. Each Guarantor
has no subsidiaries other than those identified as such on the Disclosure
Schedules to the Loan Agreements. Each Guarantor is duly qualified to do
business and is in good standing as a foreign corporation in each jurisdiction
in which the nature of the business conducted or property owned by it makes such
qualification necessary, except where the failure to be so qualified or in good
standing, as the case may be, could not, individually or in the aggregate, (x)
adversely affect the legality, validity or enforceability of any of this
Guarantee in any material respect, (y) have a material adverse effect on the
results of operations, assets, prospects, or financial condition of each
Guarantor or (z) adversely impair in any material respect each Guarantor’s
ability to perform fully on a timely basis its obligations under this Guarantee
(a “Material Adverse Effect”).

             (b)     Authorization;
Enforcement.  Each Guarantor has the requisite corporate or limited
liability company power and authority to enter into and to consummate the
transactions contemplated by this Guarantee, and otherwise to carry out its
obligations hereunder. The execution and delivery of this Guarantee by each
Guarantor and the consummation by it of the transactions contemplated hereby
have been duly authorized by all requisite corporate or limited liability
company  action on the part of each Guarantor. This Guarantee has been duly
executed and delivered by each of the Guarantor and constitutes the valid and
binding obligation of each Guarantor enforceable against each Guarantor in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
similar laws relating to, or affecting generally the enforcement of,
creditors’ rights and remedies or by other equitable principles of general
application.

             (c)     No
Conflicts. The execution, delivery and performance of this Guarantee by each
Guarantor and the consummation by each Guarantor of the transactions
contemplated thereby do not and will not (i) conflict with or violate any
provision of its Certificate of Incorporation or By-laws or other organizational
documents or (ii) assuming execution and delivery of the amendments to the
UPDA First Loan Agreement and the UPDA First Note, conflict with, constitute a
default (or an event which with notice or lapse of time or both would become a
default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture or instrument to which
each Guarantor is a party, or (iii) result in a violation of any law, rule,
regulation, order, judgment, injunction, decree or other restriction of any
court or governmental authority to which each Guarantor is subject (including
Federal and state securities laws and regulations), or by which any material
property or asset of each Guarantor is bound or affected, except in the case of
each of clauses (ii) and (iii), such conflicts, defaults, terminations,
amendments, accelerations, cancellations and violations as could not,
individually or in the aggregate, have or result in a Material Adverse Effect.
The business of each Guarantor is not being conducted in violation of any law,
ordinance or regulation of any governmental authority, except for violations
which, individually or in the aggregate, do not have a Material Adverse
Effect.

5
   

             (d)     Consents
and Approvals. Other than amendments to the UPDA First Loan Agreement and
the UPDA First Note, it is not required to obtain any consent, waiver,
authorization or order of, or make any filing or registration with, any court or
other federal, state, local, foreign or other governmental authority or other
person in connection with its execution, delivery and performance of this
Guaranty.

             (e)     Loan
Agreements. The representations and warranties of UPDA set forth in the Loan
Agreements as they relate to such Guarantor, each of which is hereby
incorporated herein by reference, are true and correct as of each time such
representations are deemed to be made pursuant to such Loan Agreements, and the
Lender shall be entitled to rely on each of them as if they were fully set forth
herein, provided, that each reference in each such representation and warranty
to UPDA’s knowledge shall, for the purposes of this Section 3, be deemed
to be a reference to such Guarantor’s knowledge. 

       4.     Covenants.
Each Guarantor covenants and agrees with the Lender that, from and after the
date of this Guarantee until the Obligations shall have been paid in full, such
Guarantor shall take, and/or shall refrain from taking, as the case may be, each
commercially reasonable action that is necessary to be taken or not taken, as
the case may be, so that no Event of Default is caused by the failure to take
such action or to refrain from taking such action by such Guarantor. 

       5.     Miscellaneous.

             (a)     Amendments
in Writing. None of the terms or provisions of this Guarantee may be waived,
amended, supplemented or otherwise modified except in writing by the majority in
interest (based on the then-outstanding principal amount of the Notes at the
time of such determination) of the Lender and its assigns.

             (b)     Notices.
All notices, requests and demands to or upon the Lender or any Guarantor
hereunder shall be effected in the manner provided for in the Loan Agreements;
provided that any such notice, request or demand to or upon any Guarantor
shall be addressed to such Guarantor at its notice address set forth on
Schedule 1.

             (c)     No
Waiver By Course Of Conduct; Cumulative Remedies. The Lender shall not by
any act (except by a written instrument pursuant to Section 5(a)), delay,
indulgence, omission or otherwise be deemed to have waived any right or remedy
hereunder or to have acquiesced in any default under the Transaction Documents
or Event of Default. No failure to exercise, nor any delay in exercising, on the
part of the Lender, any right, power or privilege hereunder shall operate as a
waiver thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise
of any other right, power or privilege. A waiver by the Lender of any right or
remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Lender would otherwise have on any future occasion.
The rights and remedies herein provided are cumulative, may be exercised singly
or concurrently and are not exclusive of any other rights or remedies provided
by law.

6
   

             (d)     Enforcement
Expenses; Indemnification.

                         (i)     Each
Guarantor agrees to pay, or reimburse the Lender for, all its costs and expenses
incurred in collecting against such Guarantor under the guarantee contained in
Section 2 or otherwise enforcing or preserving any rights under this Guarantee
and the other Transaction Documents to which such Guarantor is a party,
including, without limitation, the reasonable fees and disbursements of counsel
to the Lender.

                         (ii)     Each
Guarantor agrees to pay, and to save the Lender harmless from, any and all
liabilities with respect to, or resulting from any delay in paying, any and all
stamp, excise, sales or other taxes which may be payable or determined to be
payable in connection with any of the transactions contemplated by this
Guarantee.

                         (iii)     Each
Guarantor agrees to pay, and to save the Lender harmless from, any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever with respect
to the execution, delivery, enforcement, performance and administration of this
Guarantee to the extent UPDA would be required to do so pursuant to the Loan
Agreements.

                         (iv)     The
agreements in this Section shall survive repayment of the Obligations and all
other amounts payable under the Loan Agreements and the other Transaction
Documents. 

             (e)     Successors
and Assigns. This Guarantee shall be binding upon the successors and
permitted assigns of each Guarantor and shall inure to the benefit of the Lender
and its respective successors and assigns; provided that no Guarantor may
assign, transfer or delegate any of its rights or obligations under this
Guarantee without the prior written consent of the Lender.

             (f)     Set-Off.
Each Guarantor hereby irrevocably authorizes the Lender at any time and from
time to time while an Event of Default under any of the Transaction Documents
shall have occurred and be continuing, without notice to such Guarantor or any
other Guarantor, any such notice being expressly waived by each Guarantor, to
set-off and appropriate and apply any and all deposits, credits, indebtedness or
claims, in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by the Lender to or
for the credit or the account of such Guarantor, or any part thereof in such
amounts as the Lender may elect, against and on account of the obligations and
liabilities of such Guarantor to the Lender hereunder and claims of every nature
and description of the Lender against such Guarantor, in any currency, whether
arising hereunder, under the Loan Agreements, any other Transaction Document or
otherwise, as the Lender may elect, whether or not the Lender has made any
demand for payment and although such obligations, liabilities and claims may be
contingent or unmatured. The Lender shall notify such Guarantor promptly of any
such set-off and the application made by the Lender of the proceeds thereof,
provided that the failure to give such notice shall not affect the validity of
such set-off and application. The rights of the Lender under this Section are in
addition to other rights and remedies (including, without limitation, other
rights of set-off) which the Lender may have.

8
   

             (g)     Counterparts.
This Guarantee may be executed by one or more of the parties to this Guarantee
on any number of separate counterparts (including by telecopy), and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. 

             (h)     Severability.
Any provision of this Guarantee which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction. 

             (i)     Section
Headings. The Section headings used in this Guarantee are for convenience of
reference only and are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.

             (j)     Integration.
This Guarantee and the other Transaction Documents represent the agreement of
the Guarantors and the Lender with respect to the subject matter hereof and
thereof, and there are no promises, undertakings, representations or warranties
by the Lender relative to subject matter hereof and thereof not expressly set
forth or referred to herein or in the other Transaction Documents.

             (k)     Governing
Law. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY
PRINCIPLES OF CONFLICTS OF LAWS.

             (l)     Submission
to Jurisdictional; Waiver. Each Guarantor hereby irrevocably and
unconditionally:

                         (i)     submits
for itself and its property in any legal action or proceeding relating to this
Guarantee and the other Transaction Documents to which it is a party, or for
recognition and enforcement of any judgment in respect thereof, to the
non-exclusive general jurisdiction of the Courts of the State of New York,
located in New York County, New York, the courts of the United States of America
for the Southern District of New York, and appellate courts from any thereof;

                         (ii)     consents
that any such action or proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same; 

                         (iii)     agrees
that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to such Guarantor at its address
referred to in the Loan Agreements or at such other address of which the Lender
shall have been notified pursuant thereto;

8
   

                         (iv)     agrees
that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other
jurisdiction; and 

                         (v)     waives,
to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section any
special, exemplary, punitive or consequential damages. 

             (m)     Acknowledgements.
Each Guarantor hereby acknowledges that:

                         (i)     it
has been advised by counsel in the negotiation, execution and delivery of this
Guarantee and the other Transaction Documents to which it is a party; 

                         (ii)     the
Lender has no fiduciary relationship with or duty to any Guarantor arising out
of or in connection with this Guarantee or any of the other Transaction
Documents, and the relationship between the Guarantors, on the one hand, and the
Lender, on the other hand, in connection herewith or therewith is solely that of
debtor and creditor; and 

                         (iii)     no
joint venture is created hereby or by the other Transaction Documents or
otherwise exists by virtue of the transactions contemplated hereby among the
Guarantors and the Lender. 

             (n)     Additional
Guarantors.  UPDA shall cause each of its subsidiaries formed or acquired on
or subsequent to the date hereof to become a Guarantor for all purposes of this
Guarantee by executing and delivering an Assumption Agreement in the form of
Annex 1 hereto.

             (o)     Release
of Guarantors. Subject to Section 2(f), each Guarantor will be released from
all liability hereunder concurrently with the repayment in full of all amounts
owed under the Loan Agreements, the Notes and the other Transaction Documents.

             (p)     Seniority.
The Obligations of each of the Guarantors hereunder are intended to rank senior
in priority to any other debt of such Guarantor. 

             (q)     Waiver
of Jury Trial. EACH GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE
LENDER, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS GUARANTEE AND FOR ANY COUNTERCLAIM
THEREIN.

9
   

       IN WITNESS WHEREOF,
each of the undersigned has caused this Amended and Restated Subsidiary
Guarantee to be duly executed and delivered as of the date first above
written.

	

CANYON CREEK OIL AND GAS INC.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 
	
 
	

CATLIN OIL AND GAS, INC.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 
	
 
	

HEARTLAND OIL AND GAS CORP.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 
	
 
	

HEARTLAND GAS GATHERING, LLC 

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 
	
 
	

HEARTLAND OIL & GAS, INC.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 

10
   

	

UPDA OPERATORS, INC.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 
	
 
	

HEARTLAND INTERNATIONAL OIL CORP.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

	
 
	
 
	

AZTEC WELLS SERVICES, INC.

	
 
	
 
	

By:
__________________________________________

  Name:
      Title:

11
   

SCHEDULE 1

GUARANTORS

The following are the names, notice addresses and jurisdiction of
organization of each Guarantor.

	

   
NAME

	

     
ADDRESS

	

JURISDICTION
OF
INCORPORATION

	

PERCENTAGE
OWNED

	

     
OWNER

	

CANYON CREEK OIL AND GAS, INC.

	

124 N. Church Street, Jacksboro, TX 76458

	

Nevada

	

60%

	

Universal Property Development and Acquisition
Corporation

	

CATLIN OIL AND GAS, INC.

	

124 N. Church Street, Jacksboro, TX 76458

	

Nevada

	

90%

	

Universal Property Development and Acquisition
Corporation

	

HEARTLAND OIL AND GAS CORP.

	

12603 Southwest Freeway, Suite 285, Stafford, TX 77477

	

Nevada

	

100%

	

Universal Property Development and Acquisition
Corporation

	

HEARTLAND GAS GATHERING, LLC 

	

12603 Southwest Freeway, Suite 285, Stafford, TX 77477

	

Kansas

	

100%

	

Heartland Oil and Gas Corp.

	

HEARTLAND OIL AND GAS INC.

	

12603 Southwest Freeway, Suite 285, Stafford, TX 77477

	

Nevada

	

100%

	

Heartland Oil and Gas Corp.

	

UPDA OPERATORS, INC.

	

124 N. Church St.,
Jacksboro, TX
76458

	

Nevada

	

100%

	

Universal Property Development and Acquisition
Corporation

	

AZTEC WELL SERVICES, INC.

	

124 N. Church Street, Jacksboro, TX 76458

	

Nevada

	

100%

	

Universal Property Development and Acquisition
Corporation

	

HEARTLAND INTERNATIONAL OIL CORP.

	

12603 Southwest Freeway, Suite 285, Stafford, TX 77477

	

British Virgin Islands

	

100%

	

Heartland Oil and Gas Corp.

12
   

ANNEX 1 TO

SUBSIDIARY GUARANTEE

       ASSUMPTION AGREEMENT,
dated as of ____ __, ______ made by ___________________, corporation (the
“Additional Guarantor”), in favor of the Lender pursuant to
the Loan Agreement referred to below. All capitalized terms not defined herein
shall have the meaning ascribed to them in such Loan Agreement.

W I T N E S S E T H :

       WHEREAS, Universal
Property Development and Acquisition Corporation, a Nevada corporation
(“UPDA”) and the Lender have entered into a Loan Agreement,
dated as of  April 6, 2007 (as amended, supplemented or otherwise modified from
time to time, the “UPDA First Loan Agreement”); 

       WHEREAS, UPDA and the
Lender have entered into a Loan Agreement, dated August 16, 2007 (as amended,
supplemented or reverse modified from time to time, the “UPDA Second
Loan Agreement”, together with the UPDA First Loan Agreement, the
“Loan Agreements”);

       WHEREAS, in connection
with the Loan Agreements, UPDA and its Subsidiaries (other than the Additional
Guarantor) have entered into the Amended and Restated Subsidiary Guarantee,
dated as of August 16, 2007 (as amended, supplemented or otherwise modified from
time to time, the “Guarantee”) in favor of the Lender;

       WHEREAS, the Loan
Agreements requires the Additional Guarantor to become a party to the Guarantee;
and

       WHEREAS, the Additional
Guarantor has agreed to execute and deliver this Assumption Agreement in order
to become a party to the Guarantee;

       NOW, THEREFORE, IT
IS AGREED:

       1.     Guarantee.
By executing and delivering this Assumption Agreement, the Additional Guarantor,
as provided in Section 5(n) of the Guarantee, hereby becomes a party to the
Guarantee as a Guarantor thereunder with the same force and effect as if
originally named therein as a Guarantor and, without limiting the generality of
the foregoing, hereby expressly assumes all obligations and liabilities of a
Guarantor thereunder. The information set forth in Annex 1-A hereto is hereby
added to the information set forth in Schedule 1 to the Guarantee. The
Additional Guarantor hereby represents and warrants that each of the
representations and warranties contained in Section 3 of the Guarantee is true
and correct on and as the date hereof as to such Additional Guarantor (after
giving effect to this Assumption Agreement) as if made on and as of such
date.

       2.     Governing
Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

13
   

       IN WITNESS WHEREOF, the
undersigned has caused this Assumption Agreement to be duly executed and
delivered as of the date first above written.

	
 	

____________________________________

	
 
	
 	
 	
 
	
 	

By:_________________________________

	
 
	
 	

     Name: 

	
 
	
 	

     Title:  

	
 

14
   

ANNEX 1-A

15

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