Document:

mmex_ex41.htm

EXHIBIT 4.1
 
AMENDMENT TO PROMISSORY NOTES
 
THIS AMENDMENT TO PROMISSORY NOTES (the “Amendment”), dated as of September 12, 2019 (“Effective Date”), is entered into by MMEX Resources Corporation (the “Company”) and GS Capital Partners, LLC (“Holder”). 
 
WHEREAS, the Company has issued the following notes (the “Notes”) to Holder:
 
(i) a $110,000 note dated September 13, 2018 and due September 13, 2019;
 
(ii) a $70,000 note dated September 18, 2018 and due September 18, 2019; and
 
(iii) a $600,000 note dated October 5, 2018 and due October 5, 2019; and
 
WHEREAS, the Company and the Holder desire to amend the Notes; 
 
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed by each party hereto as follows: 
 
	 
	1.	The maturity dates of the Notes are hereby extended to February 4, 2020.
	 
	 
	 

	 
	2.	In consideration of the extension of the maturity dates of the Notes, the Company will pay an extension fee of $90,000 to Holder. The extension fee will be due and payable in cash to Holder in connection with, and at the time of, the repayment of the Notes. If the Company fails to repay the unconverted principal balance of the Notes, together with all accrued interest, in full on or before February 4, 2020, the Holder may add the $90,000 fee to the principal balance of the Notes (which shall then be in default).
	 
	 
	 

	 
	3.	Except as expressly amended and modified by this Amendment, the Notes are and shall continue to be in full force and effect in accordance with the terms thereof. Additionally, the Company is indebted to the Holder pursuant to a $110,000 note dated February 20, 2019 and due February 20, 2020, which shall remain in effect in accordance with its terms.
	 
	 
	 

	 
	4.	This Amendment may be executed by the parties hereto in counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

 
	 
	1

	
 
	 

 
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Promissory Notes to be duly executed as of the Effective Date written above. 
 
	 	MMEX Resources Corporation
	
	 	 	 	 
		By:	/s/ Jack W. Hanks	
	 
	 
	Jack W. Hanks, CEO	 
	 	 		 
	 
	GS Capital Partners, LLC
	 

	 
	 
	 
	 

	 
	By:
	/s/ Gabe Sayegh
	 

	 
	 
	Gabe Sayegh, President
	 

 
	 
	2Exhibit 10b

  

   

  

   

  

  POWER OF ATTORNEY

  

  

  We, the undersigned directors and/or officers of Lincoln Life & Annuity Company of New York, hereby constitute and appoint Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Michelle Grindle, Jeffrey L. Smith, Jassmin McIver-Jones, Carolyn Augur and John D. Weber, individually, our true and lawful
    attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on
    Forms N-6 or N-4 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of its
    Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any amendment to said Registration Statements as
    follows:

  

  

  

  

  Variable Life Insurance Separate Accounts:

  

  

  	
          Lincoln Life & Annuity Flexible Premium Variable Life Account M (811-08559)

        	
          VUL-I / VULcv

          VULcv-II / VUL Flex ES

          VULcv-III ES

          VULdb / VULdb ES

          VULdb-II ES

          VULone ES / VULone 2005 ES

          Momentum VULone / Momentum VULone 2005

          VULcv-IV ES

          VULdb-IV ES

          AssetEdge VUL

          AssetEdge VUL/AssetEdge Exec VUL 2015

          VULone 2007

          VULone 2010

        
	
          LLANY Separate Account R for Flexible Premium Variable Life (811-08651)

        	
          SVUL / SVUL ES

          SVUL-II ES

          SVUL-III ES

          SVUL-IV ES/PreservationEdge SVUL

          SVULone ES

          Momentum SVULone

          SVULone 2007

        
	
          LLANY Separate Account S for Flexible Premium Variable Life (811-09257)

        	
          CVUL Series III ES

          LCV4 ES

          LCV5 ES / LCC VUL

        
	
          Lincoln Life & Annuity Flexible Premium Variable Life Account Y (811-21029)

        	
          American Legacy VULcv-III

          American Legacy VULdb-II

          American Legacy SVUL-III

          American Legacy VULcv-IV

          American Legacy VULdb-IV

          American Legacy SVUL-IV/PreservationEdge SVUL

          American Legacy AssetEdge

        

  

  

  
    
      

  

  

  

  Variable Annuity Insurance Separate Accounts:

  

  

  	
          Lincoln Life & Annuity Variable Annuity  Account H (811-08441)

        	
          American Legacy III

          American Legacy III B Class

          American Legacy III C Share

          American Legacy III Plus

          American Legacy III View

          American Legacy Design

          American Legacy Signature

          American Legacy Fusion

          American Legacy Series

          American Legacy Advisory

          American Legacy Target Date Income B Share

          American Legacy Target Date Income Advisory

          Shareholder’s Advantage

          Shareholder’s Advantage A Class

        
	
          Lincoln Life & Annuity Variable Annuity Account L (811-07785)

        	
          Group Variable Annuity

        
	
          Lincoln New York Account N for Variable Annuities (811-09763)

        	
          ChoicePlus Assurance (A Share)

          ChoicePlus Assurance (A Class)

          ChoicePlus Assurance (B Share)

          ChoicePlus Assurance (B Class)

          ChoicePlus Assurance (C Share)

          ChoicePlus Assurance (L Share)

          ChoicePlus Assurance (Bonus)

          ChoicePlus

          ChoicePlus II

          ChoicePlus Access

          ChoicePlus II Access

          ChoicePlus II Advance

          ChoicePlus II Bonus

          ChoicePlus Design

          ChoicePlus Signature

          ChoicePlus Fusion

          ChoicePlus Series

          ChoicePlus Prime

          ChoicePlus Advisory

          Lincoln InvestmentSolutions

          Lincoln Investor Advantage

          Lincoln Investor Advantage 2018

          Lincoln Investor Advantage Fee-Based

          Lincoln Investor Advantage Advisory

          Core Income

        

  

  

  Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that
    each person whose signature appears below has previously executed.  This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers
    to this power-of-attorney or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.

  

  

  This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall
    together constitute one and the same instrument.  Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.

  

  

  

  

  Signature                                                                                    Title

  

  

  /s/ Dennis R. Glass

  
    
      	______________________________	
              President and Director

            

    

  

  Dennis R. Glass

  

  

  /s/ Ellen Cooper

  ______________________________                                                                                                  Executive Vice President, Chief Investment Officerand Director

    

  Ellen Cooper  

  

  

  /s/ Randal J. Freitag

  ______________________________                                                                                                  Executive Vice President; Chief Financial Officer and Director

    

  Randal J. Freitag 

  

  

  ______________________________                                                                                                  Director

  George W. Henderson, III

  

  

  ______________________________                                                                                                  Director

  Mark E. Konen

  

  

  

  

  /s/ M. Leanne Lachman

  ______________________________                                                                                                  Director

  M. Leanne Lachman

  

  

  /s/ Louis G. Marcoccia

  ______________________________                                                                                                  Director

  Louis G. Marcoccia

  

  

  

  

  _______________________________                                                                                                  Director

  Patrick S. Pittard

  

  

  

  

  
    
      

  

  

  

  We, Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Michelle Grindle, Jeffrey L. Smith, Jassmin
    McIver-Jones, Carolyn Augur and John D. Weber, have read the foregoing Power of Attorney.  We are the person(s) identified therein as agent(s) for the principal named therein.  We acknowledge our legal responsibilities.

  

  

  /s/ Delson R.  Campbell                                                                                                                    
    /s/ Scott C. Durocher

  ____________________________________                                                       
    ________________________________

  Delson R. Campbell                                                                                                                              Scott C. Durocher

  

  

  /s/ Kimberly A. Genovese                                                                                                                /s/ Daniel P. Herr

  ____________________________________                                                      
    ________________________________

  Kimberly A. Genovese                                                                                                                              Daniel P. Herr

  

  

  /s/ Donald E. Keller                                                                                                            
             /s/ Michelle Grindle

  ____________________________________                                          
    ________________________________

  Donald E. Keller                                                                                                             
                      Michelle Grindle

  

  

  /s/ Jeffrey L. Smith                                                                                                          
                  /s/ John D. Weber

  ____________________________________                                             
    ________________________________

  Jeffrey L. Smith                                                                                                                              John D. Weber

  

  

  /s/ Jassmin McIver-Jones                                                                                                                /s/ Carolyn Augur

  ____________________________________                                               
    ________________________________

  Jassmin McIver-Jones                                                                                                                              Carolyn Augur

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  Version:  October 2019

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