Document:

Exhibit 4.9

THIS NOTE IS A SECURITY WHICH HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.  IT MAY NOT BE SOLD, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE NOTE UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.

THIS NOTE IS DATED EFFECTIVE AS OF APRIL 29, 2011

RICHFIELD OIL & GAS COMPANY

	
$200,000.00

	
Convertible Promissory Note

	  

 

RICHFIELD OIL & GAS COMPANY, a Nevada corporation (the “Company”), for value received, hereby promises to pay to MACKOV INVESTMENTS LIMITED ("Holder" or "Investor") or order, the principal amount of Two Hundred Thousand Dollars ($200,000), with Fifty Thousand Dollars ($50,000) in interest.  The principal balance of this Note shall mature and become due and payable, together with the interest, on June 29, 2011 (the “Due Date”).

This Note may be prepaid by the Company, in whole or in part, before the Due Date without penalty.  In the event Maker fails to pay any sum due hereunder on the date when such payment is due and payable as provided herein within fifteen (15) days after receiving written notice of such default, the Company agrees to compensate Holder for his reasonable costs incurred as a result of such default, including attorney’s fees, court costs and other charges.

1.           Option to Convert Note into Stock.

 

1.1  Conversion.  If Maker does not pay the Note in full on the Due Date, Holder may elect to convert all or part of the principal balance and interest under this Note into the common stock of the Company at the rate of $0.10 per share, or 2,500,000 shares for all principal and interest due hereunder, effective as of June 30, 2011.  The exercise of such conversion option as to all or part of the unpaid principal balance shall be deemed to be in lieu of and not in addition to the Company’s obligation to pay the principal amount so converted and the interest then accrued on such converted principal amount.

 

1.2  Notice.  Holder shall give written notice of his election to convert to the Company, together with instructions for issuance of such shares.

 

2.0         Miscellaneous.

 

2.1  Notices.  Any notice required or permitted under this Note shall be given in writing and shall be deemed effective upon personal delivery to the party to be notified or upon deposit with a recognized overnight courier service and addressed to the party at the address set forth below for such party, or at such other address as either party may designate by not less than ten (10) days advance written notice to the other party.

 

2.2  Binding Effect.  This Note shall bind and inure to the benefit of the parties, their legal representatives, successors and permitted assigns.

  

  

  

 

2.3  Amendments and Waivers.  Any term of this Note may be amended and the observance of any term of this Note may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of both the Company and the Holder hereof.  Any amendment or waiver effected in accordance with this paragraph shall be binding upon Holder of this Note and the Company.

IN WITNESS WHEREOF, the Parties have set their hands, as of the date first above written.

	
HOLDER:

	MAKER:
	
MacKov Investments Limited

	RICHFIELD OIL & GAS COMPANY
	  	  	  
	
/s/ Glenn MacNeil

	  	By:  	
/s/ J. David Gowdy

	  
	
Glenn MacNeil

	
  

	
J. David Gowdy, President & CEO

 

  

2Exhibit 4.10

AMENDMENT TO COVERTIBLE PROMISSORY NOTE

	
DATE OF NOTE:

	
April 29, 2011

	
MAKER:

	
RICHFIELD OIL & GAS COMPANY

	
HOLDER:

	
MACKOV INVESTMENTS LIMITED

	
PRINCIPAL AMOUNT:

	
$200,000

	
INTEREST:

	
$50,000

	
DUE DATE:

	
June 29, 2011

In exchange for an additional loan made on or about June 3, 2011, the parties hereby agree that the Note shall be amended as follows:

	
PRINCIPAL AMOUNT:

	
$243,750

	
INTEREST:

	
$56,250

	
TOTAL DUE:

	
$300,000 payable on or before the Due Date of June 29, 2011.

Except as amended hereby the Note shall remain unchanged and in full force and effect.

IN WITNESS WHEREOF, the Parties have set their hands, effective as of June 3, 2011.

	
HOLDER:

	  	
MAKER:

	
MACKOV INVESTMENTS LIMITED

	  	
RICHFIELD OIL & GAS COMPANY

	  	  	  
	
By:

	
   /s/ Glenn MacNeil

	  	  	
By:

	
    /s/ J. David Gowdy

	  
	  	
       Glenn MacNeil

	  	
  

	  	
       J. David Gowdy, President & CEOExhibit 4.11

THIS NOTE IS A SECURITY WHICH HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.  IT MAY NOT BE SOLD, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE NOTE UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.

THIS NOTE IS DATED EFFECTIVE AS OF JUNE 14, 2011

RICHFIELD OIL & GAS COMPANY

	
$50,000.00

	
Convertible Promissory Note

	  

 

RICHFIELD OIL & GAS COMPANY, a Nevada corporation (the “Company”), for value received, hereby promises to pay to MACKOV INVESTMENTS LIMITED and PETER LAZAREVSKI (together, "Holder" or "Investor") or order, the principal amount of Fifty Thousand Dollars ($50,000), with Fifteen Thousand Dollars ($15,000) in interest.  The principal balance of this Note shall mature and become due and payable, together with the interest, on August 15, 2011 (the “Due Date”). If not paid in full on or before the Due Date, plus fifteen days for notice and cure, all principal and interest under this Note equal to $65,000 shall bear interest thereafter at the rate of three percent (3.0%) per month until paid in full.

 

This Note may be prepaid by the Company, in whole or in part, before the Due Date without penalty.  In the event Maker fails to pay any sum due hereunder on the date when such payment is due and payable as provided herein within fifteen (15) days after receiving written notice of such default, the Company agrees to compensate Holder for his reasonable costs incurred as a result of such default, including attorney’s fees, court costs and other charges.

 

1.           Security.  Payment of this Note shall be secured by the pledge and a lien granted hereby to Holder by Maker the funds held in suspense by the purchaser of production on the Boxberger lease equal to approximately $80,000.  Should this Note not be paid in a timely manner, Maker shall be entitled to an offset and payment of all principal and accrued interest under this Note directly from such funds.

2.           Miscellaneous.

 

2.1  Notices.  Any notice required or permitted under this Note shall be given in writing and shall be deemed effective upon personal delivery to the party to be notified or upon deposit with a recognized overnight courier service and addressed to the party at the address set forth below for such party, or at such other address as either party may designate by not less than ten (10) days advance written notice to the other party.

 

2.2  Binding Effect.  This Note shall bind and inure to the benefit of the parties, their legal representatives, successors and permitted assigns.

 

2.3  Amendments and Waivers.  Any term of this Note may be amended and the observance of any term of this Note may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of both the Company and the Holder hereof.  Any amendment or waiver effected in accordance with this paragraph shall be binding upon Holder of this Note and the Company.

  

  

  

IN WITNESS WHEREOF, the Parties have set their hands, as of the date first above written.

	
HOLDER:

	  	
MAKER:

	
MacKov Investments Limited

	  	
RICHFIELD OIL & GAS COMPANY

	  	  	  
	
   /s/ Glenn MacNeil

	  	  	
By:

	
    J. David Gowdy

	  
	
Glenn MacNeil

	  	  	
J. David Gowdy, President & CEO

	  
	  	  	  
	
   /s/ Peter Lazarevski

	  	  	  
	
Peter Lazarevski

	
  

	  

 

  

2Exhibit 4.12

AMENDMENT TO COVERTIBLE PROMISSORY NOTE

	
DATE OF NOTE:

	
June 14, 2011

	
MAKER:

	
RICHFIELD OIL & GAS COMPANY

	
HOLDER:

	
MACKOV INVESTMENTS LIMITED and PETER LAZAREVSKI

	
PRINCIPAL AMOUNT:

	
$50,000

	
INTEREST:

	
$15,000

	
DUE DATE:

	
August 15, 2011

In exchange for an additional loan of $90,000 made on or about June 29, 2011, the parties hereby agree that the Note shall be amended as follows:

	
PRINCIPAL AMOUNT:

	
$140,000

	
INTEREST:

	
$40,000

	
TOTAL DUE:

	
$180,000 payable on or before the Due Date of August 15, 2011.

Except as amended hereby the Note shall remain unchanged and in full force and effect.

IN WITNESS WHEREOF, the Parties have set their hands, effective as of June 28, 2011.

	
HOLDER:

	  	
MAKER:

	
MACKOV INVESTMENTS LIMITED

	  	
RICHFIELD OIL & GAS COMPANY

	  	  	  
	
By:

	
   /s/ Glenn MacNeil

	  	  	
By:

	
  /s/ J. David Gowdy

	  
	  	
       Glenn MacNeil

	  	  	  	
       J. David Gowdy, President & CEO

	  
	  	  	  
	
  /s/  Peter Lazarevski

	  	  	  
	
PETER LAZAREVSKIExhibit 4.13

SECOND AMENDMENT TO COVERTIBLE PROMISSORY NOTE

	
DATE OF NOTE:

	
June 14, 2011; first amended June 28, 2011

	
MAKER:

	
RICHFIELD OIL & GAS COMPANY

	
HOLDER:

	
MACKOV INVESTMENTS LIMITED and PETER LAZAREVSKI

	
FIRST AMENDED

	 

	
PRINCIPAL AMOUNT:

	
$140,000 as of June 29, 2011

	
ACCRUED INTEREST:

	
$4,403 as of June 30, 2011

1.   Additional Loans.  In exchange for additional loans of $5,000 made on or about July 5, 2011, and $7,500 on or about July 8, 2011, the parties hereby agree that the Note shall be further modified and amended as follows:

SECOND AMENDED

	
PRINCIPAL AMOUNT:

	
$152,500

	
INTEREST:

	
$44,000

	
TOTAL DUE:

	
$196,500 payable on or before the Due Date of August 15, 2011.

2.  Release of Collateral and Conversion Right.  Holder hereby agrees to release the collateral comprised of the funds held in suspense by the purchaser of production on the Boxberger lease equal to approximately $80,000 under paragraph 1 of the original Note.  In exchange, Maker hereby grants to Holder the right to convert all principal and accrued interest into the common stock of Richfield Oil & Gas Company upon written notice to Maker at any time from August 15 to August 31, 2011 at the conversion rate of US $0.15 per share.

Except as amended hereby the Note shall remain unchanged and in full force and effect.

IN WITNESS WHEREOF, the Parties have set their hands, effective as of July 18, 2011.

	
HOLDER:

	  	
MAKER:

	
MACKOV INVESTMENTS LIMITED

	  	
RICHFIELD OIL & GAS COMPANY

	  	  	  
	
By:

	
  /s/ Glenn MacNeil

	  	  	
By:

	
  /s/ J. David Gowdy

	  
	  	
       Glenn MacNeil

	  	  	  	
      J. David Gowdy, President & CEO

	  
	  	  	  
	
  /s/ Peter Lazarevski

	  	  	  
	
PETER LAZAREVSKI

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