Document:

Exhibit
      10.14

     

    PIGGYBACK
      REGISTRATION RIGHTS AGREEMENT

     

    This
      Piggyback Registration Rights Agreement (this “Agreement”)
      is
      made and entered into as of the 18th day of September 2007 between True North
      Energy Corporation, a Nevada corporation (the “Company”),
      and
      Prime Natural Resources, Inc., a Texas corporation (the “Holder”).

     

    RECITALS:

     

    WHEREAS,
      in connection with the purchase from the Holder by the wholly-owned subsidiary
      of the Company of certain assets, the Company has issued to the Holder 1,928,375
      shares of Common Stock of the Company (the “Shares”);
      and

     

    WHEREAS,
      the Company has agreed to provide certain piggyback registration rights under
      the Securities Act with respect to the Shares on the terms set forth
      herein;

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises, representations, warranties, covenants,
      and conditions set forth herein, the Company and the Holder hereby agree as
      follows: 

     

    1.  Certain
      Definitions.
      As used
      in this Agreement, the following terms shall have the following respective
      meanings:

     

    “Blackout
      Period”
means,
      with respect to a registration, a period, in each case commencing on the day
      immediately after the Company notifies the Holder that it is required, because
      of the occurrence of an event of the kind described herein or in Section 4(c)
      hereof, to suspend offers and sales of Registrable Securities during which
      the
      Company, in the good faith judgment of its board of directors, determines
      (because of the existence of, or in anticipation of, any acquisition, financing
      activity, or other significant transaction involving the Company, or the
      unavailability for reasons beyond the Company’s control of any required
      financial statements, or any other event or condition of similar significance
      to
      the Company, disclosure of which information is in its best interest not to
      publicly disclose) that the registration and distribution of the Registrable
      Securities to be covered by such Registration Statement, if any, would be
      seriously detrimental to the Company and its stockholders due to the potential
      impact on such acquisition, financing activity or other significant transaction,
      event or condition and the sale of Registrable Securities would require
      disclosure of material nonpublic information not otherwise required to be
      disclosed under applicable law, and ending on the earlier of (1) the date upon
      which the material non-public information commencing the Blackout Period is
      disclosed to the public or ceases to be material and (2) such time as the
      Company notifies the Holder that the Company will no longer delay such filing
      of
      the Registration Statement, recommence taking steps to make such Registration
      Statement effective, or allow sales pursuant to such Registration Statement
      to
      resume. 

     

    “Commission”
means
      the U.S. Securities and Exchange Commission or any other federal agency at
      the
      time administering the Securities Act.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Common
      Stock”
means
      the common stock, par value $0.0001 per share, of the Company and any and all
      shares of capital stock or other equity securities of: (i) the Company which
      are
      added to or exchanged or substituted for the Common Stock by reason of the
      declaration of any stock dividend or stock split, the issuance of any
      distribution or the reclassification, readjustment, recapitalization or other
      such modification of the capital structure of the Company; and (ii) any other
      corporation, now or hereafter organized under the laws of any state or other
      governmental authority, with which the Company is merged, which results from
      any
      consolidation or reorganization to which the Company is a party, or to which
      is
      sold all or substantially all of the shares or assets of the Company.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      of the Commission promulgated thereunder.

     

    “Piggyback
      Registration”
means,
      in any registration of Common Stock referenced in Section 3(a) or 3(b), the
      right of the Holder to include the Registrable Securities of such Holder in
      such
      registration.

     

    “register,”
      “registered,”
and
      “registration”
refer
      to a registration effected by preparing and filing a registration statement
      in
      compliance with the Securities Act, and the declaration or ordering of the
      effectiveness of such registration statement by the Commission.

     

    “Registrable
      Securities”
means
      the Shares, upon original issuance thereof, and at all times subsequent thereto,
      including upon the transfer thereof by the original holder or any subsequent
      holder as provided herein and any shares or other securities issued in respect
      of such Shares because of or in connection with any stock dividend, stock
      distribution, stock split, purchase in any rights offering or in connection
      with
      any exchange for or replacement of such Shares or any combination of shares,
      recapitalization, merger or consolidation, or any other equity securities issued
      pursuant to any other pro rata distribution with respect to the Common Stock.
      

     

    “Registration
      Statement”
means
      a
      registration statement of the Company under the Securities Act.

     

    “Rule
      144”
means
      Rule 144 promulgated by the Commission under the Securities Act. 

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, or any similar federal statute
      promulgated in replacement thereof, and the rules and regulations of the
      Commission thereunder, all as the same shall be in effect at the
      time.

     

    2. Term. This
      Agreement shall continue in full force and effect until the earlier of (i)
      such
      time as the Registrable
      Securities
      are
      eligible for sale under Rule 144(k) or (ii) such time as the Registrable
      Securities are saleable, without restriction, pursuant to an available exemption
      from registration under the Securities Act.

     

    3. Piggyback
      Registration Rights.
      

     

    (a) Grant
      of Rights.
      If the
      Company at any time proposes to file a Registration Statement (other than upon
      Form S-4, Form S-8, or any successor form) with the Commission relating to
      the
      Company’s Common Stock, the Company shall promptly give to the Holder written
      notice thereof (and in no event shall such notice be given less than 20 calendar
      days prior to the filing of such Registration Statement). If requested by the
      Holder in writing within 10 calendar days after receipt of such written notice
      from the Company, the Company shall include all of the Registrable Securities
      specified in the written request delivered by the Holder in such registration.
      However, the Company may, without the consent of the Holder, withdraw such
      Registration Statement prior to its becoming effective. 

     

    
      
        
        

      

      
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    (b) Underwriting.
      If the
      registration relates to an underwritten public offering, the Company shall
      so
      advise the Holder. In that event, the right of the Holder to Piggyback
      Registration shall be conditioned upon such Holder’s participation in such
      underwriting and the inclusion of the Registrable Securities in the underwriting
      to the extent provided herein. The Holder shall (together with the Company
      and
      any other stockholders of the Company selling their securities through such
      underwriting) enter into an underwriting agreement in customary form with the
      underwriter selected for such underwriting by the Company or the selling
      stockholders, as applicable. Notwithstanding anything herein to the contrary,
      except to the extent otherwise required by applicable law, neither Holder nor
      any of its affiliates (other than the Company), officers, directors, managers,
      members, stockholders or representatives shall be required directly or
      indirectly to make any representations or warranties other than representations
      or warranties regarding such Holder, its ownership of and title to the
      Registrable Securities and its intended method of distribution. Notwithstanding
      any other provision of this Section, if the underwriter determines in good
      faith
      that marketing factors require a limitation on the number of shares of Common
      Stock or the amount of other securities to be underwritten, the underwriter
      may
      exclude some or all of the Registrable Securities from such registration and
      underwriting. Shares of Common Stock in such underwritten offering shall be
      allocated, first, to any person exercising rights that are the basis for such
      registration statement, second, to the Company, third, to one or more lenders
      of
      the Company that were issued such shares of Common Stock by the Company in
      connection with a financing transaction with the Company, according to the
      terms
      and conditions of such registration rights granted such lenders, or in such
      other proportions as shall be mutually agreed to among such lenders, and fourth,
      pari passu among any shares of Common Stock proposed to be sold by one or more
      holders of piggyback registration rights (including Holder), or in such other
      proportions as shall be mutually agreed to among such selling stockholders.
      The
      Company shall so advise the Holder. No Registrable Securities excluded from
      the
      underwriting by reason of the underwriter’s marketing limitation shall be
      included in such registration. 

     

    (c) Registration
      for Valens.
      Notwithstanding any other provision of this Agreement, if the Company files
      a
      Registration Statement relating to shares of Common Stock to be sold by Valens
      U.S. SPV I, LLC (“Valens I”) or Valens Offshore SPV II, Corp. (“Valens II”) or
      any affiliates of Valens I or Valens II (collectively, “Valens”) pursuant to
      Section 2 of the Registration Rights Agreements by and between the Company
      and
      each of Valens I and Valens II dated as of September 18, 2007 (as amended,
      modified or supplemented from time to time), if the Commission will not permit
      the Registration Statement to be declared effective unless the number of shares
      included in such Registration Statement are reduced, the Company may exclude
      some or all of the Registrable Securities from such registration. In the event
      that the shares of Common Stock in such offering are reduced, the remaining
      shares of Common Stock shall be allocated, first, to Valens, second, to one
      or
      more other lenders of the Company that were issued such shares of Common Stock
      by the Company in connection with a financing transaction with the Company,
      according to the terms and conditions of such registration rights granted such
      lenders, or in such other proportions as shall be mutually agreed to among
      such
      lenders and third, pari passu among any shares of Common Stock proposed to
      be
      sold by one or more holders of piggyback registration rights (including Holder),
      or in such other proportions as shall be mutually agreed to among such selling
      stockholders. No Registrable Securities excluded from the offering by reason
      of
      the foregoing shall be included in such registration. 

     

    
      
        
        

      

      
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    (d) Reduction
      of Shares Required by Commission.
      Notwithstanding any other provision of this Agreement, the Registrable
      Securities or any shares may be removed from a Registration Statement to the
      extent necessary for the Commission to declare the Registration Statement
      effective, in the order provided in Section 3(b) (regardless of whether
      underwritten or not) or Section 3(c), as applicable. 

     

    4.
      Obligations
      of the Company.
      In
      connection with the registration of the Registrable Securities, the Company
      shall do each of the following: 

     

    (a)  The
      Company shall keep effective the registration or qualification contemplated
      by
      Section 3 and shall from time to time amend or supplement each applicable
      Registration Statement, preliminary prospectus, final prospectus, application,
      document and communication for such period of time as shall be required to
      permit the Holder to complete the offer and sale of the Registrable Securities
      covered thereby (but in no event longer than 180 days) or, in the case of an
      underwritten offering, until such time as the offering has been terminated.
      The
      Company shall in no event be required to keep any such registration in effect
      after the Registrable Securities can be sold without restriction. The Company
      shall notify the Holder when a Registration Statement (or amendment or
      supplement thereto) including the Registrable Securities is filed and/or
      declared effective by the Commission. 

     

    (b)  Furnish,
      without charge, to the Holder of Registrable Securities covered by a
      Registration Statement (i) a reasonable number of copies of such Registration
      Statement (including any exhibits thereto other than exhibits incorporated
      by
      reference), each amendment and supplement thereto as such Holder may reasonably
      request, (ii) such number of copies of the prospectus included in such
      Registration Statement (including each preliminary prospectus and any other
      prospectus filed under Rule 424 of the Securities Act) as such Holder may
      reasonably request, in conformity with the requirements of the Securities Act,
      and (iii) such other documents as such Holder may require to consummate the
      disposition of the Registrable Securities covered by such Registration Statement
      owned by such Holder, but only while the Registration Statement is effective.
      

     

    (c)  As
      promptly as practicable after becoming aware of such event, notify Holder of
      the
      happening of any event, which comes to the Company’s attention, that will, after
      the occurrence of such event, cause the prospectus included in such Registration
      Statement, if not amended or supplemented, to contain an untrue statement of
      a
      material fact or an omission to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading and the
      Company shall promptly thereafter (or, in the case of a Blackout Period, at
      the
      conclusion thereof, if required) prepare and furnish to Holder a supplement
      or
      amendment to such prospectus (or prepare and file appropriate reports under
      the
      Exchange Act) so that, as thereafter delivered to the purchasers of such
      Registrable Securities, such prospectus shall not contain an untrue statement
      of
      a material fact or omit to state any material fact required to be stated therein
      or necessary to make the statements therein not misleading. 

     

    
      
        
        

      

      
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    (d)  As
      promptly as practicable after becoming aware of such event, notify Holder of
      the
      issuance by the Commission of any stop order or other suspension of
      effectiveness of the Registration Statement pursuant to which Registrable
      Securities are being offered or sold.

     

    (e)  Use
      its
      commercially reasonable efforts to register or qualify, or obtain exemption
      from
      registration or qualification for, all Registrable Securities by the time the
      applicable Registration Statement is declared effective by the Commission under
      all applicable state securities or “blue sky” laws of such domestic
      jurisdictions as Holder shall reasonably request in writing, keep each such
      registration or qualification or exemption effective during the period such
      Registration Statement is required to be kept effective (but in no event longer
      than as provided under Section 4(a) above) and do any and all other acts and
      things that may be reasonably necessary or advisable to enable such Holder
      to
      consummate the disposition in each such jurisdiction of such Registrable
      Securities owned by such Holder; provided,
      however,
      that
      the Company shall not be required to (i) qualify generally to do business in
      any
      jurisdiction or to register as a broker or dealer in such jurisdiction where
      it
      would not otherwise be required to qualify but for this Section, or (ii) subject
      itself to taxation in any such jurisdiction.

     

    (f)  In
      the
      case of an underwritten offering, use its commercially reasonable efforts to
      furnish or caused to be furnished to Holder and the underwriters a signed
      counterpart, addressed to Holder and the underwriters, of: (i) an opinion of
      counsel for the Company, dated the date of each closing under the underwriting
      agreement, reasonably satisfactory to the underwriters; and (ii) a “comfort”
letter, dated the effective date of such Registration Statement and the date
      of
      each closing under the underwriting agreement, signed by the independent public
      accountants who have certified the Company’s financial statements included in
      such Registration Statement, covering substantially the same matters with
      respect to such Registration Statement (and the prospectus included therein)
      and
      with respect to events subsequent to the date of such financial statements,
      as
      are customarily covered in accountants’ letters delivered to underwriters in
      underwritten public offerings of securities, and such other financial matters
      as
      the underwriters may reasonably request and customarily obtained by underwriters
      in underwritten offerings, provided
      that, to
      be an addressee of the comfort letter, Holder may be required to confirm that
      it
      is in the category of persons to whom a comfort letter may be delivered in
      accordance with applicable accounting literature.

     

    (g)  Use
      its
      commercially reasonable efforts (including seeking to cure in the Company’s
      listing or inclusion application any deficiencies cited by the exchange) to
      list
      or include all Registrable Securities on any exchange or over-the-counter market
      or quotation system on which the Common Stock is then listed or
      quoted.

     

    (h)  Take
      all
      other reasonable actions necessary to expedite and facilitate the disposition
      by
      the Holder of the Registrable Securities pursuant to the Registration
      Statement.

     

    5. Suspension
      of Offers and Sales.
      Holder
      agrees that, upon receipt of any notice from the Company of the happening of
      any
      event of the kind described in Section 4(c) hereof or of the commencement of
      a
      Blackout Period, such Holder shall discontinue the disposition of Registrable
      Securities included in the Registration Statement until such Holder’s receipt of
      the copies of the supplemented or amended prospectus contemplated by Section
      4(c) hereof or notice of the end of the Blackout Period, and, if so directed
      by
      the Company, such Holder shall deliver to the Company (at the Company’s expense)
      all copies (including, without limitation, any and all drafts), other than
      permanent file copies, then in such Holder’s possession, of the prospectus
      covering such Registrable Securities current at the time of receipt of such
      notice.

     

    
      
        
        

      

      
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    6. Registration
      Expenses.
      The
      Company shall pay all expenses in connection with any registration obligation
      provided herein, including, without limitation, all registration, filing, stock
      exchange fees, printing expenses, all fees and expenses of complying with
      applicable securities laws, and the fees and disbursements of counsel for the
      Company and of its independent accountants; provided,
      that,
      in any underwritten registration, each party shall pay for its own underwriting
      discounts and commissions and transfer taxes. Except as provided in this Section
      and Section 9, the Company shall not be responsible for the expenses of any
      attorney or other advisor employed by Holder.

     

    7. Assignment
      of Rights.
      Holder
      may assign its rights under this Agreement to any party without the prior
      consent of the Company only in connection with, and in compliance with the
      terms
      and conditions of, a transfer, in whole or in part, of the Registrable
      Securities, provided
      that
      such transferees agree to be bound by the provisions hereof. To the extent
      the
      Holder transfers any of the Registrable Securities, the obligations of the
      Holder and subsequent transferees hereunder shall be several and not joint.
      

     

    8. Information
      by Holder.
      To the
      extent that Holder includes the Registrable Securities in any registration,
      Holder shall furnish to the Company such information as the Company may
      reasonably request in writing regarding Holder and the distribution proposed
      by
      such Holder.

     

    9. Indemnification.

     

    (a) In
      the
      event of the offer and sale of Registrable Securities under the Securities
      Act,
      the Company shall, and hereby does, indemnify and hold harmless, to the fullest
      extent permitted by law, Holder, its directors and officers, and each person,
      if
      any, who controls or is under common control with Holder within the meaning
      of
      Section 15 of the Securities Act or Section 20(a) of the Securities Exchange
      Act
      of 1934, as amended (the “Exchange
      Act”)
      (each,
      an “Indemnified
      Person”),
      against any losses, claims, damages or liabilities, joint or several, and
      expenses (collectively, “Claims”)
      to
      which any of the Indemnified Persons may become subject under the Securities
      Act
      or otherwise, insofar as such Claims (or actions or proceedings, whether
      commenced or threatened, in respect thereof) arise out of or are based upon
      any
      untrue or alleged untrue statement of any material fact contained in any
      Registration Statement prepared and filed by or on behalf of the Company under
      which Registrable Securities were registered under the Securities Act, any
      preliminary prospectus, final prospectus or summary prospectus contained
      therein, or any amendment or supplement thereto, or any other materials prepared
      by the Company used or to be used in connection with the offer or sale of
      Registrable Securities, or any omission or alleged omission to state therein
      a
      material fact required to be stated or necessary to make the statements therein
      (in the case of a prospectus, in light of the circumstances in which they were
      made) not misleading. Subject to subpart (c) of this Section, the Company shall
      reimburse each Indemnified Person for any legal or any other expenses reasonably
      incurred by them in connection with investigating, defending or settling any
      such Claim. Notwithstanding anything to the contrary contained herein, the
      Company shall not be liable for indemnification (i) to the extent that any
      such
      Claim (or action or proceeding in respect thereof) or expense arises out of
      or
      is based upon an untrue statement in or omission from such Registration
      Statement, any such preliminary prospectus, final prospectus, summary
      prospectus, amendment or supplement or other materials in reliance upon and
      in
      conformity with written information furnished to the Company by or on behalf
      of
      any Indemnified Person for use in the preparation thereof or (ii) to the extent
      such Claim is based solely on a failure of the Indemnified Person to deliver
      or
      cause to be delivered the prospectus made available by the Company, if such
      delivery was required, or (iii) to the extent related to amounts paid in
      settlement of any Claim if such settlement is effected without the prior written
      consent of the Company, which consent shall not be unreasonably withheld. Such
      indemnity shall remain in full force and effect regardless of any investigation
      made by or on behalf of the Indemnified Person and shall survive the transfer
      of
      the Registrable Securities by the Holder.

     

    
      
        
        

      

      
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    (b) As
      a
      condition to including Registrable Securities in any Registration Statement
      filed pursuant to this Agreement, Holder agrees to be bound by the terms of
      this
      Section 9 and to indemnify and hold harmless, to the fullest extent permitted
      by
      law, the Company, its directors and officers, and each other person, if any,
      who
      controls the Company within the meaning of Section 15 of the Securities Act
      or
      Section 20(a) of the Exchange Act, against any Claims to which the Company
      or
      any such director or officer or controlling person may become subject under
      the
      Securities Act or otherwise, insofar as such Claims (or actions or proceedings,
      whether commenced or threatened, in respect thereof) arise out of or are based
      upon an untrue or alleged untrue material statement in or omission (as provided
      for in subpart (a) of this Section) from such Registration Statement, any such
      preliminary prospectus, final prospectus, summary prospectus, amendment or
      supplement thereto, or any other materials prepared by the Company used or
      to be
      used in connection with the offer or sale of Registrable Securities, made in
      reliance upon and in conformity with written information furnished by the Holder
      for use in the preparation thereof. Subject to subpart (c) of this Section,
      such
      Holder shall reimburse the Company, and each such director, officer, and
      controlling person for any legal or other expenses reasonably incurred by them
      in connection with investigating, defending, or settling any such Claim;
provided,
      however,
      that
      such indemnity agreement found in this Section 9(b) shall in no event exceed
      the
      proceeds received by such Holder as a result of the sale of Registrable
      Securities pursuant to such Registration Statement. Notwithstanding anything
      to
      the contrary contained herein, Holder shall not be liable for indemnification
      to
      the extent related to amounts paid in settlement of any Claim if such settlement
      is effected without the prior written consent of Holder, which consent shall
      not
      be unreasonably withheld. Such indemnity shall remain in full force and effect,
      regardless of any investigation made by or on behalf of the Company or any
      such
      director, officer or controlling person and shall survive the transfer of the
      Registrable Securities by Holder.

     

    (c) Promptly
      after receipt by an indemnified party of notice of the commencement of any
      action or proceeding involving a claim referred to in this Section (including
      any governmental action), such indemnified party shall, if a claim in respect
      thereof is to be made against an indemnifying party, give written notice to
      the
      indemnifying party of the commencement of such action; provided,
      that
      the failure of any indemnified party to give notice as provided herein shall
      not
      relieve the indemnifying party of its obligations under this Section, except
      to
      the extent that the indemnifying party is actually prejudiced by such failure
      to
      give notice. In case any such action is brought against an indemnified party,
      unless in the reasonable judgment of counsel to such indemnified party a
      conflict of interest between such indemnified and indemnifying parties may
      exist
      or the indemnified party may have defenses not available to the indemnifying
      party in respect of such claim, the indemnifying party shall be entitled to
      participate in and to assume the defense thereof, with counsel reasonably
      satisfactory to such indemnified party and, after notice from the indemnifying
      party to such indemnified party of its election so to assume the defense
      thereof, the indemnifying party shall not be liable to such indemnified party
      for any legal or other expenses subsequently incurred by the latter in
      connection with the defense thereof, unless in such indemnified party’s
      reasonable judgment a conflict of interest between such indemnified and
      indemnifying parties arises in respect of such claim after the assumption of
      the
      defenses thereof or the indemnifying party fails to defend such claim in a
      diligent manner, other than reasonable costs of investigation. Neither an
      indemnified nor an indemnifying party shall be liable for any settlement of
      any
      action or proceeding effected without its consent. No indemnifying party shall,
      without the consent of the indemnified party, consent to entry of any judgment
      or enter into any settlement, which does not include as an unconditional term
      thereof the giving by the claimant or plaintiff to such indemnified party of
      a
      release from all liability in respect of such claim or litigation.
      Notwithstanding anything to the contrary set forth herein, and without limiting
      any of the rights set forth above, in any event any party shall have the right
      to retain, at its own expense, counsel with respect to the defense of a
      claim.

     

    
      
        
        

      

      
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    (d) If
      an
      indemnifying party does or is not permitted to assume the defense of an action
      pursuant to Sections 9(c) or in the case of the expense reimbursement obligation
      set forth in Sections 9(a) and (b), the indemnification required by Sections
      9(a) and 9(b) shall be made by periodic payments of the amount thereof during
      the course of the investigation or defense, as and when bills received or
      expenses, losses, damages, or liabilities are incurred.

     

    (e) If
      the
      indemnification provided for in Section 9(a) or 9(b) is held by a court of
      competent jurisdiction to be unavailable to an indemnified party with respect
      to
      any Claim referred to herein, the indemnifying party, in lieu of indemnifying
      such indemnified party hereunder, shall (i) contribute to the amount paid or
      payable by such indemnified party as a result of such Claim as is appropriate
      to
      reflect the proportionate relative fault of the indemnifying party on the one
      hand and the indemnified party on the other (determined by reference to, among
      other things, whether the untrue or alleged untrue statement of a material
      fact
      or omission relates to information supplied by the indemnifying party or the
      indemnified party and the parties’ relative intent, knowledge, access to
      information and opportunity to correct or prevent such untrue statement or
      omission), or (ii) if the allocation provided by clause (i) above is not
      permitted by applicable law or provides a lesser sum to the indemnified party
      than the amount hereinafter calculated, not only the proportionate relative
      fault of the indemnifying party and the indemnified party, but also the relative
      benefits received by the indemnifying party on the one hand and the indemnified
      party on the other, as well as any other relevant equitable considerations.
      No
      indemnified party guilty of fraudulent misrepresentation (within the meaning
      of
      Section 11(f) of the Securities Act) shall be entitled to contribution from
      any
      indemnifying party who was not guilty of such fraudulent misrepresentation.
      In
      no event shall Holder be required to contribute any amount in excess of the
      amount by which proceeds received by Holder from sales of Registrable Securities
      exceeds the amount of any damages that Holder has otherwise been required to
      pay
      by reason of such untrue or alleged untrue statement or omission or alleged
      omission.

     

    
      
        
        

      

      
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    10. Rule
      144 Reporting.
      With
      a
      view to making available the benefits of certain rules and regulations of the
      Commission that may permit the sale of the Registrable Securities to the public
      without registration, the Company agrees to, so long as any Holder owns any
      Registrable Securities:

     

    (a) make
      and
      keep adequate current public information available, as those terms are
      understood and defined in Rule 144(c) at all times after the date hereof;
      and

     

    (b) use
      its
      commercially reasonable efforts to file (including electronically on EDGAR)
      with
      the Commission in a timely manner all reports and other documents required
      to be
      filed by the Company under the Securities Act and the Exchange Act (at any
      time
      during which it is subject to such reporting requirements).

     

    10. Miscellaneous.

     

    (a) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      United States of America and the State of Texas, both substantive and remedial,
      without regard to Texas conflicts of law principles. Any
      judicial proceeding brought against either of the parties to this Agreement
      or
      any dispute arising out of this Agreement or any matter related hereto shall
      be
      brought in the courts of the State of Texas,
      or
      in the
      United States District Court for the Southern District of Texas and, by its
      execution and delivery of this Agreement, each party to this Agreement accepts
      the jurisdiction of such courts. The foregoing consent to jurisdiction shall
      not
      be deemed to confer rights on any person other than the parties to this
      Agreement.

     

    (b) Remedies.
      In the
      event of a breach by the Company or by Holder of any of their respective
      obligations under this Agreement, Holder or the Company, as the case may be,
      in
      addition to being entitled to exercise all rights granted by law and under
      this
      Agreement, including recovery of damages, shall be entitled to specific
      performance of its rights under this Agreement. The Company and Holder agree
      that monetary damages would not provide adequate compensation for any losses
      incurred by reason of a breach by it of any of the provisions of this Agreement
      and hereby further agrees that, in the event of any action for specific
      performance in respect of such breach, it shall not assert or shall waive the
      defense that a remedy at law would be adequate.

     

    (c) Successors
      and Assigns.
      Except
      as otherwise provided herein, the provisions hereof shall inure to the benefit
      of, and be binding upon, the successors and permitted assigns of the parties
      hereto.

     

    (d) Entire
      Agreement.
      This
      Agreement constitutes the full and entire understanding and agreement between
      the parties with regard to the subjects hereof.

     

    (e) Notices,
      etc.
      All
      notices or other communications which are required or permitted under this
      Agreement shall be in writing and sufficient if delivered by hand, by facsimile
      transmission, by registered or certified mail, postage pre-paid, by electronic
      mail, or by courier or overnight carrier, to the persons at the addresses set
      forth below (or at such other address as may be provided hereunder), and shall
      be deemed to have been delivered as of the date so delivered: 

     

    If
      to the
      Company to:

    

    True
      North Energy Corporation

    1400
      Woodloch Forest Drive, Suite 530

    The
      Woodlands, Texas 77380

    Attention:
      John I. Folnovic, President

    Facsimile:
      832-553-7244

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    with
      copy
      to:

    

    Gottbetter
      & Partners, LLP

    488
      Madison Avenue

    New
      York,
      NY 10022

    Attention:
      Scott Rapfogel, Esq.

    Facsimile:
      (212) 400-6901

    

    If
      to the
      Holder:

    

    To
      the
      Holder at the address set forth on the signature page hereto or at such other
      address as any party shall have furnished to the other parties in
      writing.

    

    (f) Delays
      or Omissions.
      No
      delay or omission to exercise any right, power or remedy accruing to any Holder,
      upon any breach or default of the Company under this Agreement, shall impair
      any
      such right, power or remedy of such Holder nor shall it be construed to be
      a
      waiver of any such breach or default, or an acquiescence therein, or of any
      similar breach or default thereunder occurring; nor shall any waiver of any
      single breach or default be deemed a waiver of any other breach or default
      theretofore or thereafter occurring. Any waiver, permit, consent or approval
      of
      any kind or character on the part of any Holder of any breach or default under
      this Agreement, or any waiver on the part of any Holder of any provisions or
      conditions of this Agreement, must be in writing and shall be effective only
      to
      the extent specifically set forth in such writing. All remedies, either under
      this Agreement, or by law or otherwise afforded to any holder, shall be
      cumulative and not alternative.

     

    (g) Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      enforceable against the parties actually executing such counterparts, and all
      of
      which together shall constitute one instrument. In the event that any signature
      is delivered by facsimile transmission, such signature shall create a valid
      and
      binding obligation of the party executing (or on whose behalf such signature
      is
      executed) with the same force and effect as if such facsimile signature page
      were an original thereof.

     

    (h) Severability.
      In the
      case any provision of this Agreement shall be invalid, illegal or unenforceable,
      the validity, legality and enforceability of the remaining provisions shall
      not
      in any way be affected or impaired thereby.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (i) Amendments.
      The
      provisions of this Agreement may be amended at any time and from time to time,
      and particular provisions of this Agreement may be waived, with and only with
      an
      agreement or consent in writing signed by the Company and the
      Holder.

     

    (j) No
      Inconsistent Terms.
      The
      Company represents, warrants and agrees that (i) the rights granted to Holder
      hereunder do not in any way conflict with and are not inconsistent with the
      rights granted to the holders of any other outstanding securities issued or
      guaranteed by the Company under any other agreement and (ii) the Company has
      not
      entered into any agreement that is inconsistent with the rights granted to
      Holder in this Agreement or otherwise conflicts with the provisions
      hereof.

     

    [SIGNATURE
      PAGES FOLLOW]

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    This
      Piggyback Registration Rights Agreement is hereby executed as of the date first
      above written.

     

    
      	 	 	 
	 	
              COMPANY:

               

              TRUE NORTH ENERGY CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	/s/ John I. Folnovic
	 	
              
Name:
              John I. Folnovic
	 	Title: President and CEO

    

     

    [SIGNATURE
      PAGE OF HOLDER FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Piggyback Registration Rights Agreement is hereby executed as of the date first
      above written.

     

    
      	
            	 	 
	 	
              
                HOLDER:

                 

                PRIME
                  NATURAL RESOURCES, INC.

              

            
	 
 	 
 	 
 
	
            	By:  	 /s/
              John R. Hager
	 	 	
              
                

              

              John R. Hager

            
	 	
              
 (Print
              Name)
	 	 CFO
	 	
              
(Print
              Title)
	 	 
	 	Address for notices:
              
	 	 2500
              City West Blvd
	 	
              

            
	 	 Suite
              1750
	 	
              

            
	 	 Houston,
              TX 77042
	 	
              

              City                          
                State                          
                Zip
                CodeTENTH
      AMENDMENT TO

    REVOLVING
      NOTE AGREEMENT

    

    

    This
      Tenth Amendment to the Revolving Note Agreement ("the AMENDMENT") is entered
      into as of September 19, 2007, by and among Marine
      Growth Ventures Inc., Marine Growth Finance and Charter, Inc., Marine
      Aggregates, Inc., Marine Growth Freight, Inc.,, and Gulf Casino Cruises, Inc.,
      Delaware corporations (collectively the "Borrower"),
      and
      Frank P. Crivello (the “Lender”).

    

    

    WHEREAS,
      the Borrower and the Lender are parties to a Revolving Note Agreement dated
      as
      of January 5, 2006 (the "NOTE AGREEMENT") pursuant to which, among other things,
      the Borrower promised to pay the Lender the principal sum of up to Fifty
      Thousand Dollars ($50,000.00), or so much thereof as shall have been advanced
      by
      the Lender to the Borrower plus interest thereon at an annual rate equal to
      ten
      percent (10%) on the Maturity date of such Note being June 30,
      2006.

     

    WHEREAS,
      the Note Agreement was amended on March 31, 2006, permitting the Borrower to
      acquire an additional Fifty Thousand Dollars ($50,000.00) in funds from the
      Lender.

    

      WHEREAS,
      the Note Agreement was amended on June 20, 2006, permitting the Borrower to
      acquire an additional Fifty Thousand Dollars ($50,000.00) in funds from the
      Lender.

     

    WHEREAS,
      the Note Agreement was amended on October 6, 2006, permitting the Borrower
      to
      acquire an additional Fifty Thousand Dollars ($50,000.00) in funds from the
      Lender.

     

    WHEREAS,
      the Note Agreement was amended on January 15, 2007, permitting the Borrower
      to
      acquire an additional Fifty Thousand Dollars ($50,000.00) in funds from the
      Lender.

     

    WHEREAS,
      the Note Agreement was amended on February 20, 2007, permitting the Borrower
      to
      acquire an additional Fifty Thousand Dollars ($50,000.00) in funds from the
      Lender.

    

    WHEREAS,
      the Note Agreement was amended on March 16, 2007, permitting the Borrower to
      acquire an additional One Hundred Thousand Dollars ($100,000.00) in funds from
      the Lender.

    

    WHEREAS,
      the Note Agreement was amended on March 26, 2007, permitting the Borrower to
      acquire an additional One Hundred Thousand Dollars ($100,000.00) in funds from
      the Lender.

    

    WHEREAS,
      the Note Agreement was amended on May 16, 2007, permitting the Borrower to
      acquire an additional One Hundred Thousand Dollars ($100,000.00) in funds from
      the Lender.

    

    WHEREAS,
      the Note Agreement was amended on July 3, 2007, permitting the Borrower to
      acquire an additional One Hundred Thousand Dollars ($100,000.00) in funds from
      the Lender.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WHEREAS,
      the parties desire to make a certain amendment to the Eight Amendment to the
      Revolving Note Agreement to permit the Borrower to acquire an additional One
      Hundred Thousand Dollars ($100,000.00) in funds from the Lender and to extend
      the date in which the principal sum, plus interest, is due.

      

    NOW,
      THEREFORE, in consideration of the premises and the mutual covenants contained
      in this Amendment the parties agree as follows:

    

    1.
      Paragraph One of the Note Agreement is hereby amended and restated to provide
      as
      follows:

    

    FOR
      VALUE
      RECEIVED, Marine Growth Ventures Inc., Marine Growth Finance and Charter, Inc.,
      Marine Aggregates, Inc., Marine Growth Freight, Inc.,, and Gulf Casino Cruises,
      Inc., Delaware corporations, (collectively the "Borrower"), having an office
      at
      3408 Dover Road, Pompano Beach, Florida 33062, hereby promises to pay to the
      order of Frank P. Crivello (the "Lender"), at the Lender's office located at
      3408 Dover Road, Pompano Beach, Florida 33062 or at such other place in the
      continental United States as the Lender may designate in writing, upon demand,
      in lawful money of the United States, and in immediately available funds, the
      principal sum of up to EIGHT HUNDRED THOUSAND DOLLARS ($800,000), or so much
      thereof as shall have been advanced by the Lender to the Borrower as hereinafter
      set forth and then be outstanding, and to pay interest thereon on the Maturity
      Date at an annual rate equal to ten percent (10%).

     

    2.
       The
      entire principal sum of $800,000.00, plus interest, shall be due and payable
      on
      the 20th
      day of
      February 2008. Notwithstanding the foregoing, if the principal balance shall
      be
      prepaid in full by December 15, 2007, then all interest shall be waived, and
      no
      interest shall be due and payable to Payee.

     

    3.
      This
      Amendment constitutes the sole and entire agreement of the parties with respect
      to the subject matter hereof. Except as amended hereby, all other terms and
      conditions of the Note Agreement shall remain in full force and
      effect.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
      first above written. 

    

    LENDER

     

    
      	
              /s/
                Frank P.
                Crivello                      
                

              Frank
                P. Crivello

            	
               

            
	 	 
	BORROWER	 
	 	 
	
              /s/
                Paul L. Schwabe                                   

              Paul
                L. Schwabe, Secretary   

              Marine
                Growth Ventures, Inc.

            	
              /s/ Paul L.
                Schwabe                                  
                 

              Paul L. Schwabe, Secretary

              Marine Growth Finance and Charter,
                Inc.

            
	 	 
	 	 
	
              /s/
                Paul L.
                Schwabe                               
                

              Paul
                L. Schwabe, Secretary

              Marine
                Aggregates, Inc. 

            	
              /s/
                Paul L. Schwabe                                 

              Paul
                L. Schwabe, Secretary

              Marine
                Growth Freight, Inc.

            
	 	 
	 	 
	
              /s/
                Paul L. Schwabe                                   

              Paul
                L. Schwabe, Secretary   

              Gulf
                Casino Cruises, Inc.

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