Document:

Exhibit 10.44

 

SECOND
AMENDMENT TO

SECOND
AMENDED AND SUPPLEMENTAL MORTGAGE, DEED OF TRUST,

SECURITY
AGREEMENT, FINANCING STATEMENT AND ASSIGNMENT

(WITH POWER
OF SALE)

 

June 30,
2003

 

FROM

 

BETA OPERATING COMPANY, L.L.C.,

an Oklahoma limited liability company

successor by merger to

RED RIVER ENERGY, L.L.C.,

an Oklahoma limited liability company

FEI#73-1535371

(Mortgagor
and Debtor)

 

TO

 

MICHAEL M. COATS, TRUSTEE

 

AND

 

BANK OF OKLAHOMA, NATIONAL ASSOCIATION

(Mortgagee
and Secured Party)

 

The mailing address of Bank
of Oklahoma, National Association, and Trustee is Bank of Oklahoma Tower, P. O.
Box 2300, Tulsa, Oklahoma 74192, and the mailing address of Mortgagor and
Debtor is 6120 South Yale, Suite 813, Tulsa, Oklahoma 74136.

 

*
* * * * * * * *

 

This instrument was prepared
by Gary R. McSpadden, Crowe & Dunlevy, 500 Kennedy Building, 321 South
Boston Avenue, Tulsa, Oklahoma 74103-3313, and contains after-acquired property
provisions and covers future advances.

 

Attention of Recording
Officers: This
instrument covers oil, gas, minerals and fixtures and is among other things, a
chattel mortgage, a fixture filing and a security agreement and financing
statement under the Uniform Commercial Code. This instrument is to be filed and
recorded as a mortgage and as a financing statement or chattel mortgage
(covering fixtures, oil, gas and other minerals) in the real estate records of
each County in which the lands of Mortgagor described in Exhibit A hereto are
located and, where applicable, is to be tract indexed with respect to all lands
described in said Exhibit A. The Oil and Gas included in the Mortgaged Property
will be financed at the wellhead of the wells located on the leases or real
property constituting a part of the Mortgaged Property. When recorded return to:

 

Gary R. McSpadden

Crowe & Dunlevy

500 Kennedy Building

321 South Boston Avenue

Tulsa, Oklahoma 74103-3313

 

NOTWITHSTANDING
THE PROVISIONS OF ARTICLE I(C) HEREOF, AND ANY AND ALL REFERENCES HEREIN TO
FUTURE ADVANCES, THE MAXIMUM AMOUNT OF INDEBTEDNESS SECURED BY THIS MORTGAGE IN
THE STATE OF KANSAS IS $27,900,000.00.

 

 

SECOND
AMENDMENT TO

SECOND
AMENDED AND SUPPLEMENTAL MORTGAGE, DEED OF TRUST,

SECURITY
AGREEMENT, FINANCING STATEMENT AND ASSIGNMENT

(WITH POWER
OF SALE)

 

KNOW ALL MEN BY THESE
PRESENTS:

 

THIS SECOND Amendment to
Second Amended and Supplemental Mortgage, Deed of Trust, Security Agreement,
Financing Statement and Assignment (with Power of Sale) (hereinafter referred
to as the “Amendment”) dated as of the 30th day of June, 2003, is
executed by BETA OPERATING COMPANY, L.L.C., an Oklahoma limited liability
company, successor by merger and change of name to Red River Energy, L.L.C.,
which has a mailing address of 6120 South Yale, Suite 813, Tulsa, Oklahoma
74136 (“Mortgagor”), to MICHAEL M. COATS, as Trustee (hereinafter together with
his successors and substitutes in trust, referred to as “Trustee”), whose
address is P. O. Box 2300, Tulsa, Oklahoma 74192, and BANK OF OKLAHOMA,
NATIONAL ASSOCIATION, which has a mailing address of Bank of Oklahoma Tower,
101 East 2nd Street, P.O. Box 2300, Tulsa, Oklahoma 74192 (“Bank”).

 

WITNESSETH:

 

WHEREAS, on or about
August 5, 1998, Mortgagor’s predecessor in interest, Red River Energy,
L.L.C. (“RRE”) executed and delivered to Trustee and to Bank, as mortgagee, that
certain Mortgage, Deed of Trust, Security Agreement, Financing Statement and
Assignment (with Power of Sale) (the “Original Mortgage”) as security for the
revolving credit loans made to RRE pursuant to the Revolving Credit Agreement
dated as of even date therewith  (the
“Original Agreement”) in the maximum principal amount of $25,000,000 (the
“Revolver Loan”), which Original Mortgage was recorded in the respective
Counties in Oklahoma as more particularly set forth in Schedule I-A annexed
hereto and made a part hereof, and which is incorporated herein by reference to
the recording data set forth on Schedule I-A with the same force and effect as
if fully set forth herein verbatim; and

 

WHEREAS, on or about
March 30, 1999, RRE executed and delivered to Trustee and to Bank, as
mortgagee, that certain First Amended and Supplemental Mortgage, Deed of Trust,
Security Agreement, Financing Statement and Assignment (with Power of Sale)
(the “First Supplemental  Mortgage) as
additional security for the Revolver Loan, the terms of which Revolver Loan
were amended by that certain First Amended and Restated Revolving Credit
Agreement dated as of March 30, 1999 (the “Restated Agreement”) between
and among RRE and Red River Field Services, L.L.C., an Oklahoma limited liability
company and a wholly owned subsidiary of RRE (“Services”), jointly and
severally as borrowers (RRE and Services, collectively, “Former Borrowers”),
and Bank, as lender, and which First Supplemental Mortgage was recorded in the
respective Counties in Oklahoma as more particularly set forth in Schedule I-B
annexed hereto and made a part hereof, and which is incorporated herein by
reference to the recording data set forth on Schedule I-B with the same force
and effect as if fully set forth herein verbatim; and

 

WHEREAS, the terms of the
Revolver Loan were subsequently amended by that certain First Amendment to
First Amended and Restated Revolving Credit Agreement dated as of
February 1, 2000 (the “First Amendment to Restated Agreement”), between
and among Former Borrowers and Bank; and

 

WHEREAS, on or about
June 15, 2000, RRE executed and delivered to Trustee and to Bank, as
mortgagee, that certain Second Amended and Supplemental Mortgage, Deed of
Trust, Security Agreement, Financing Statement and Assignment (with Power of
Sale) (the “Second Supplemental Mortgage”) as additional security for the
Revolver Loan, the terms of which Revolver Loan were amended by that certain
Second Amendment to First Amended and Restated Revolving Credit Agreement dated
as of June 15, 2000 (the “Second Amendment to Restated Agreement”) between
and among Former Borrowers and Bank, and which Second Supplemental Mortgage was
recorded in the respective counties in Kansas, Oklahoma and Texas as more
particularly set forth in Schedule I-C annexed hereto and made a part hereof,
and which is incorporated herein by reference to the recording data set forth
on Schedule I-C with the same force and effect as if fully set forth herein
verbatim; and

 

WHEREAS, the terms of the
Revolver Loan were subsequently amended by that certain Third Amendment to
First Amended and Restated Revolving Credit Agreement dated as of
March 19, 2001 (the “Third Amendment to Restated Agreement”), between and
among Mortgagor, as successor to RRE, and Beta Oil & Gas, Inc. (“Beta
Inc.”), jointly and severally as borrowers (Mortgagor and Beta Inc.,
collectively, “Borrowers”), and Bank, as lender, and further amended by that
certain Fourth Amendment to First Amended and Restated Revolving Credit
Agreement dated as of March 15, 2002 (the “Fourth Amendment to Restated
Agreement”) between and among the Borrowers and the Bank and pursuant to which
a $2,900,00 Gudiance Commitment (as therein described and defined) was
established and du and payable on a DEMAND basis but in no event later than
March 15, 2003; and

 

WHEREAS, contemporaneously
with the execution hereof, Borrowers and Bank have entered into that certain
Fifth Amendment to First Amended and Restated Revolving Credit Agreement dated
as of even date herewith (the “Fifth Amendment to Restated Agreement”), whereby
Bank has agreed to (i) further amend the terms and to extend the maturity of
the Revolver Loan until April 1, 2005 and (ii) extend and renew the
Guidance Commitment to Borrowers in the maximum principal amount of
$3,350,000.00 (“Guidance Loan”) on a DEMAND basis but in no event later than
April 1, 2004, which borrowings shall be evidenced by the Revolver Note
and the Guidance Note described in Section 1.1(a) hereof  (the Original Agreement, the Restated
Agreement, and the First, Second, Third, 
Fourth and Fifth Amendments to Restated Agreement, are hereinafter
referred to, collectively, as the “Loan Agreement”); as secured by the First
Amendment to Second Amended and Supplemental Mortgage, Deed of Trust, Security
Agreement, Financing Statement and Assignment (with Power of Sale) dated as of
March 15, 2002, between and among the Mortgagor, as grantor and borrower,
the Trustee for the Bank as the beneficiary thereof and the Bank, as lender and
secured party (the “Second Amendment to Mortgage”);

 

 

WHEREAS, in order to induce
Bank to agree to amend the terms and to extend the maturity of the Revolver
Loan and to extend and renew the Guidance Loan, Mortgagor has agreed to ratify,
confirm and continue the liens, pledges and assignments of the Original
Mortgage, First Supplemental Mortgage, the Second Supplement Mortgage and the
Second Amendment to Mortgage (collectively, the “Existing Mortgage”), pursuant
to the terms and provisions of this Amendment, as collateral and security for
the Indebtedness described and defined herein and in the Loan Agreement; and

 

WHEREAS, for purposes of
this Amendment, “Lands described in Exhibit A” shall include any lands,
the description of which is contained in Exhibit A attached hereto (or in
Exhibit A to the Existing Mortgage which has been filed of record and recorded
as set forth in Schedule I attached hereto or is incorporated in Exhibit A by
reference to another instrument or document), and shall also include any lands
now or hereafter unitized or pooled with lands which are either described in
Exhibit A or the description of which is incorporated in Exhibit A by
reference; and

 

WHEREAS, Mortgagor
represents that all acts necessary to constitute the Existing Mortgage, as
amended by this Amendment, a valid mortgage, deed of trust, security agreement,
financing statement and assignment with respect to the right, title and
interest of Mortgagor in the Mortgaged Property as security for the
Indebtedness as defined in the Existing Mortgage, as amended by this Amendment,
have been done;

 

NOW, THEREFORE, Mortgagor,
for and in consideration of the premises and of the debts and Indebtedness
herein mentioned, has granted, bargained, sold, warranted, mortgaged, assigned,
pledged, transferred and conveyed, with power of sale, and by these presents
does grant, bargain, sell, warrant, mortgage, assign, pledge, transfer and
convey unto Trustee and Trustee’s successors and assigns, for the use and
benefit of Bank, with power of sale, all of Mortgagor’s right, title and
interest, whether now owned or hereafter acquired, in:

 

Granting Clause One

 

The
Lands described in Exhibit A, and the Oil and gas leases, the mineral,
overriding royalty, royalty and other interests which cover or relate to the
Lands described in Exhibit A, whether or not such rights, titles and interests
be correctly or sufficiently described or referred to therein,

 

Granting Clause Two

 

The
right to operate and the operating, unitization and pooling agreements and
orders of regulatory agencies providing for pooling and unitization (whether
now or hereafter made) and the properties covered and the units created thereby
(including all units formed under orders, regulations, rules or other official
acts of any federal, state, provincial or other governmental agency having
jurisdiction) which are specifically described in Exhibit A or which relate to
any of the properties and interests described in Exhibit A whether or not such
agreements and orders be described in said Exhibit A, and the operating
agreements, transportation contracts, lease records, well records and
production records which relate to any of the properties and interests
described in Exhibit A,

 

Granting Clause Three

 

The
Hydrocarbons which are in, under, upon, produced or to be produced from the
Lands described in Exhibit A, including without limitation, all As-Extracted
Collateral [as that term is defined in Article 9 of the Uniform Commercial Code
in effect from time to time in one or more of the states in which the Mortgaged
Property or a portion thereof is situated (“UCC”)],

 

Granting
Clause Four

 

The
Production Sale Contracts,

 

Granting
Clause Five

 

The
Operating Equipment, and

 

Granting
Clause Six

 

All
other interests of every kind and character in all Oil and Gas Properties and
the real and personal properties included therein which Mortgagor may now own
or hereafter acquire at any time prior to the payment in full of all
Indebtedness,

 

together with any and all
corrections or amendments to, or renewals, extensions or ratifications of, any
of the same, or of any instrument relating thereto, and all rights-of-way,
franchises, permits, licenses, improvements, easements, tenements,
hereditaments and appurtenances now existing or in the future obtained in
connection with any of the aforesaid, and all other things of value and
incident thereto which Mortgagor might at any time have been or may hereafter
become entitled to, all the aforesaid properties, rights and interests,
together with any additions thereto which may be subjected to the lien of this
instrument by means of supplements hereto (all of the above together with
Mortgagor’s interest in the Mortgaged Property described in the Existing
Mortgage being hereinafter called the “Mortgaged Property”).

 

Subject, however, to the
condition that Trustee and Bank shall not be liable in any respect for the
performance of any covenant or obligation of Mortgagor in respect of the
Mortgaged Property.

 

2

 

TO HAVE AND TO HOLD the
Mortgaged Property, together with all and singular the rights, privileges,
contracts and appurtenances now or hereafter at any time before the foreclosure
or release hereof, in anywise appertaining or belonging thereto, unto Trustee
and to Trustee’s successors, assigns or substitutes hereunder and to their
successors and assigns, forever, and Mortgagor hereby binds and obligates
itself and its successors and assigns, to warrant and forever defend, all and
singular, the Mortgaged Property unto Trustee and Trustee’s successors, assigns
or substitutes hereunder and to its successors and assigns, against the lawful
claims of any and all persons whomsoever claiming, or to claim the same, or any
part thereof.

 

This conveyance is made upon
the terms and provisions hereinafter set out, to secure the full and final
payment of all sums owing or to become owing, including principal, interest and
attorneys’ fees, upon the Notes and the other Indebtedness to Bank described in
Article I below.

 

And Mortgagor for itself and
its successors in interest has COVENANTED, DECLARED AND AGREED with Trustee for
the use and benefit of Bank and its successors and assigns and does by these
presents COVENANT, DECLARE AND AGREE as follows:

 

ARTICLE I

 

Unless otherwise indicated
herein and notwithstanding anything contained in the Existing Mortgage, the
following terms as used herein and in the Existing Mortgage, as amended and
supplemented by this Amendment, shall have the following respective meanings
(and the Existing Mortgage is hereby amended to reflect said meanings):

 

A.                                   the “Mortgage” shall be deemed to refer to
the Existing Mortgage as amended by 
this Amendment;

 

B.                                     the “Indebtedness” shall be deemed to refer
to the Indebtedness described in the Existing Mortgage, as amended by the Notes
described below; and

 

C.                                     the “Note” is  hereby amended to “Notes” by the substitution of the following
subparagraph (a) to subparagraph (a) of Article 1.1 contained in the Existing
Mortgage:

 

“(a)                            Particularly Described Notes:

 

(i)
All amounts owing or to become owing upon that certain Revolving Credit Note
executed, jointly and severally, by Beta Oil & Gas, Inc., a Nevada
corporation, and Beta Operating Company, L.L.C., an Oklahoma limited liability
company, as of June 30, 2003, payable to the order of Bank in the maximum
principal amount of $25,000,000.00 with a final stated maturity date of
April 1, 2005 (the “Revolver Note”); and

 

(ii)
All amounts owing or to become owing upon that certain Master ISDA Agreement
(as defined and described in the Fifth Amendment to Restated Agreement)
governing the Guidance Commitment extended by the Bank on a joint and several
basis by Beta Oil & Gas, Inc., a Nevada corporation, and Beta Operating
Company, L.L.C., an Oklahoma limited liability company, as of June 30,
2003, in the maximum principal amount of $3,350,000.00 and payable ON DEMAND
but in no event later than April 1, 2004 (the “ISDA”).

 

The Revolver Note and the
ISDA are collectively referred to herein as the “Notes.”  After maturity (whether by acceleration or
otherwise) the Notes shall bear interest at the Default Rate, payable on
demand.  The Notes also contain
customary provisions for acceleration of maturity in the event of the
contingencies therein stated, all as provided and set out in the Notes which
are incorporated herein by reference and made a part hereof for all purposes.”

 

Any term used in this
Amendment which is defined or explained in the Existing Mortgage shall have the
respective meaning ascribed to it in the Existing Mortgage, unless the
definition or meaning of said term is amended, modified or supplemented hereby
or unless the context hereof otherwise requires.

 

ARTICLE II

 

2.1                                 Mortgagor hereby TRANSFERS, ASSIGNS, GRANTS,
CONVEYS AND SETS OVER to Bank and its successors in interest as the holder of
the Indebtedness secured hereby, and grants to Bank as Secured Party a security
interest in all of the items, properties, interests and things described in
subsections (a), (b) and (c) of Section 3.1 of the Existing Mortgage which are
hereby repeated and incorporated herein by reference.

 

2.2                                 Mortgagor, as Debtor, expressly GRANTS unto
Bank, as Secured Party, a security interest in all of the Mortgaged Property
(now or hereafter existing including all proceeds and products thereof) which
may be subject to the UCC, and Mortgagor grants unto Bank a security interest
in all present and future Accounts, Contract Rights, Inventory, Equipment,
General Intangibles, Payment Intangibles, Instruments (including promissory
notes), Chattel Paper (including electronic chattel paper), Supporting
Obligations, Letter of Credit Rights, Investment Property, Deposit Accounts and
any and all Proceeds of any of the foregoing (as such terms are defined in
Article 9 of the UCC) relating to or arising out of the sale or other disposition
of oil, gas, as-extracted collateral and other Hydrocarbons from time to time
produced from the Mortgaged Property.

 

3

 

ARTICLE III

 

Mortgagor agrees that its
interests in the Mortgaged Property shall remain mortgaged, hypothecated and
pledged until full and final payment of the principal of and interest on the
Notes and any and all other amounts owing by Mortgagor to Bank, including the
Indebtedness, and hereby binds Mortgagor, and its successors and assigns, not
to sell, alienate or encumber the Mortgaged Property or any part thereof to the
prejudice hereof.

 

ARTICLE IV

 

4.1                                 Except as expressly amended by this
Amendment, the Existing Mortgage is in all respects ratified and confirmed, and
all the terms, provisions, representations, warranties, covenants and
conditions thereof shall be and remain in full force and effect.

 

4.2                                 Mortgagor hereby covenants and warrants that
no liens, charges or encumbrances have been created by Mortgagor on any of the
Mortgaged Property subsequent to the execution and delivery of the Existing
Mortgage as amended by this Amendment, except the lien hereof.

 

ARTICLE V

 

Mortgagor hereby confers on
Bank the power to sell the Mortgaged Property and the interests of all other persons
therein in the manner provided in the “Oklahoma Power of Sale Mortgage
Foreclosure Act,” 46 O.S. 1991, §§ 40-49, inclusive, as the same may be
hereafter amended.  Bank, at its option,
may either exercise the power of sale or foreclose this Mortgage as provided by
law.

 

ARTICLE VI

 

This Amendment is being
executed in counterparts, each of which is an original except, to facilitate
recordation, (1) in those counties where tract indexing is not conducted,
Exhibit A may be omitted and reference is hereby made to Exhibit A to the
Existing Mortgage for all purposes, and (2) in any particular counterpart
portions of Exhibit A hereto which describe properties situated in Counties
other than the County in which such counterpart is to be recorded may have been
omitted; provided, however, counterparts with complete Exhibit A are being
delivered to Bank.

 

A POWER OF
SALE HAS BEEN GRANTED IN YOUR MORTGAGE BY THIS AMENDMENT THERETO.  A POWER OF SALE MAY ALLOW BANK
(MORTGAGEE) TO TAKE THE MORTGAGED PROPERTY AND SELL IT WITHOUT GOING TO COURT
IN A FORECLOSURE ACTION UPON DEFAULT BY MORTGAGOR UNDER THIS MORTGAGE.

 

IN WITNESS WHEREOF, this
Amendment is executed as of the day and year first above written.

 

 

	
   

  	
  BETA
  OPERATING COMPANY, L.L.C.,

  an Oklahoma limited liability company, formerly

  
	
   

  	
  Red River
  Energy, L.L.C., an Oklahoma limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   Steve Antry,
  President and Manager

  
	
   

  	
   

  
	
   

  	
  “Mortgagor”

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Michael M. Coats, Trustee

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF
  OKLAHOMA, NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Wes W. Webb, Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
  “Bank”

  
						

 

4

 

	
  STATE OF
  OKLAHOMA  )

  
	
   

  	
  )  ss.

  
	
  COUNTY OF TULSA

  	
  )

  

 

The foregoing instrument was
acknowledged before me this
           day of
                       ,
200, by Steve Antry, as President and Manager of Beta Operating Company,
L.L.C., an Oklahoma limited liability company.

 

	
  My Commission Number:

  	
      

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Notary Public

  	
   

  
	
  My Commission Expires:

  	
      

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Typed
  or Printed Name

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  [SEAL]

  	
   

  
						

 

 

 

	
  STATE OF OKLAHOMA  )

  
	
   

  	
  )  ss.

  
	
  COUNTY OF TULSA

  	
  )

  

 

The foregoing instrument was
acknowledged before me this         
day of
                     ,
2003, by Michael M. Coats, as Trustee.

 

	
  My Commission Number:

  	
      

  	
   

  	
      

  	
   

  
	
   

  	
   

  	
   

  	
  Notary Public

  	
   

  
	
  My Commission Expires:

  	
      

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Typed
  or Printed Name

  	
   

  
	
      

  	
   

  	
   

  	
   

  
	
  [SEAL]

  	
   

  
						

 

 

 

	
  STATE OF
  OKLAHOMA  )

  
	
   

  	
  )  ss.

  
	
  COUNTY OF TULSA

  	
  )

  

 

The foregoing instrument was
acknowledged before me this
               
day of
                
, 2003, by Wes W. Webb, as Vice President of Bank of Oklahoma, National
Association.

 

	
  My Commission Number:

  	
      

  	
   

  	
      

  	
   

  
	
   

  	
   

  	
   

  	
  Notary Public

  	
   

  
	
  My Commission Expires:

  	
      

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Typed
  or Printed Name

  	
   

  
	
      

  	
   

  	
   

  	
   

  
	
  [SEAL]

  	
   

  
						

 

5

 

SCHEDULE 1

 

SCHEDULE
I-A

 

Mortgage, Deed of Trust,
Security Agreement, Financing Statement and Assignment (with Power of Sale)
dated August 5, 1998, from Red River Energy, L.L.C., as mortgagor, to
Michael M. Coats, Trustee, and Bank of Oklahoma, National Association, as
mortgagee

 

	
  Recording
  Office

  	
   

  	
  Book

  	
   

  	
  Page

  	
   

  	
  Recording Date

  	
   

  
	
  Canadian
  County, OK

  	
   

  	
  2178

  	
   

  	
  610

  	
   

  	
  8/17/98

  	
   

  
	
  Kingfisher
  County, OK

  	
   

  	
  1608

  	
   

  	
  88

  	
   

  	
  8/14/98

  	
   

  
	
  Logan
  County, OK

  	
   

  	
  1475

  	
   

  	
  1

  	
   

  	
  8/17/98

  	
   

  
	
  Oklahoma
  County, OK

  	
   

  	
  7378

  	
   

  	
  1238

  	
   

  	
  8/12/98

  	
   

  

 

SCHEDULE
I-B

 

First Amended and Supplemental
Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment
(with Power of Sale) dated as of March 30, 1999, from Red River Energy,
L.L.C., as mortgagor, to Michael M. Coats, Trustee, and Bank of Oklahoma,
National Association, as mortgagee

 

	
  Recording
  Office

  	
   

  	
  Book

  	
   

  	
  Page

  	
   

  	
  Recording Date

  	
   

  
	
  McIntosh
  County, Oklahoma

  	
   

  	
  534

  	
   

  	
  290

  	
   

  	
  April 2,
  1999

  	
   

  
	
  Okmulgee
  County, Oklahoma

  	
   

  	
  1659

  	
   

  	
  98

  	
   

  	
  April 5,
  1999

  	
   

  

 

SCHEDULE
I-C

 

Second Amended and
Supplemental Mortgage, Deed of Trust, Security Agreement, Financing Statement
and Assignment (with Power of Sale) dated as of June 15, 2000, from Red
River Energy, L.L.C., as mortgagor, to Michael M. Coats, Trustee, and Bank of
Oklahoma, National Association, as mortgagee

 

	
  Recording
  Office

  	
   

  	
  Book

  	
   

  	
  Page

  	
   

  	
  Recording Date

  	
   

  
	
  Reno
  County, Kansas

  	
   

  	
  728

  	
   

  	
  134

  	
   

  	
  July 10,
  2000

  	
   

  
	
  Stafford
  County, Kansas

  	
   

  	
  154

  	
   

  	
  292

  	
   

  	
  July 11,
  2000

  	
   

  
	
  Sumner
  County, Kansas

  	
   

  	
  550

  	
   

  	
  105

  	
   

  	
  July 11,
  2000

  	
   

  
	
  Alfalfa
  County, Oklahoma

  	
   

  	
  549

  	
   

  	
  204

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Canadian
  County, Oklahoma

  	
   

  	
  2352

  	
   

  	
  595

  	
   

  	
  June 26,
  2000

  	
   

  
	
  Carter
  County, Oklahoma

  	
   

  	
  3539

  	
   

  	
  121

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Garvin
  County, Oklahoma

  	
   

  	
  1570

  	
   

  	
  937

  	
   

  	
  June 26,
  2000

  	
   

  
	
  Grant
  County, Oklahoma

  	
   

  	
  528

  	
   

  	
  588

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Kingfisher
  County, Oklahoma

  	
   

  	
  1702

  	
   

  	
  182

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Logan
  County, Oklahoma

  	
   

  	
  1551

  	
   

  	
  242

  	
   

  	
  June 28,
  2000

  	
   

  
	
  Love
  County, Oklahoma

  	
   

  	
  540

  	
   

  	
  747

  	
   

  	
  June 23,
  2000

  	
   

  
	
  McClain
  County, Oklahoma

  	
   

  	
  1549

  	
   

  	
  331

  	
   

  	
  June 26,
  2000

  	
   

  
	
  McIntosh
  County, Oklahoma

  	
   

  	
  561

  	
   

  	
  269

  	
   

  	
  June 22,
  2000

  	
   

  
	
  Oklahoma
  County, Oklahoma

  	
   

  	
  7865

  	
   

  	
  1417

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Okmulgee
  County, Oklahoma

  	
   

  	
  1692

  	
   

  	
  742

  	
   

  	
  June 22,
  2000

  	
   

  
	
  Osage
  County, Oklahoma

  	
   

  	
  1020

  	
   

  	
  0799

  	
   

  	
  June 22,
  2000

  	
   

  
	
  Washita
  County, Oklahoma

  	
   

  	
  907

  	
   

  	
  359

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Brazoria
  County, Texas

  	
   

  	
  #00-026493

  	
   

  	
   

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Colorado
  County, Texas

  	
   

  	
  340

  	
   

  	
  324

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Cooke
  County, Texas

  	
   

  	
  1100

  	
   

  	
  334

  	
   

  	
  June 26,
  2000

  	
   

  
	
  Duval
  County, Texas

  	
   

  	
  290

  	
   

  	
  303

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Grayson
  County, Texas

  	
   

  	
  2944

  	
   

  	
  694

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Harris
  County, Texas

  	
   

  	
  533-07

  	
   

  	
  710

  	
   

  	
  June 26,
  2000

  	
   

  
	
  Pecos
  County, Texas

  	
   

  	
  735

  	
   

  	
  365

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Rains
  County, Texas

  	
   

  	
  382

  	
   

  	
  445

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Reeves
  County, Texas

  	
   

  	
  619

  	
   

  	
  616

  	
   

  	
  June 27,
  2000

  	
   

  
	
  Roberts
  County, Texas

  	
   

  	
  97

  	
   

  	
  288

  	
   

  	
  June 29,
  2000

  	
   

  
	
  Ward
  County, Texas

  	
   

  	
  695

  	
   

  	
  127

  	
   

  	
  June 23,
  2000

  	
   

  
	
  Winkler
  County, Texas

  	
   

  	
  472

  	
   

  	
  299

  	
   

  	
  June 23,
  2000

  	
   

  

 

 

SCHEDULE
1-D

 

First Amendment to Second
Amended and Supplemental Mortgage, Deed of Trust, Security Agreement, Financing
Statement and Assignment (with Power of Sale)dated as of March 15, 2002 from Beta Operating Company, LLC, as
grantor and mortgagor, to the Michael M. Coats, Trustee, and Bank of Oklahoma,
N. A:

 

 

EXHIBIT A

 

To Second Amendment to
Second Supplemental Mortgage, Deed of Trust, Security Agreement, Financing
Statement and Assignment dated as of June 30, 2003, from BETA OPERATING
COMPANY, L.L.C., an Oklahoma limited liability company, as mortgagor and
debtor, to MICHAEL M. COATS, trustee, for the benefit of BANK OF OKLAHOMA,
NATIONAL ASSOCIATION, as mortgagee and secured party:Exhibit 10.45

 

AMENDMENT NUMBER ONE

TO

BETA OIL & GAS, INC.

AMENDED AND RESTATED 1999 INCENTIVE AND

NONSTATUTORY STOCK OPTION PLAN

 

1.0           Introduction. 
On September 11, 2000, a majority of our shareholders ratified and
approved the adoption of the Company’s Amended and Restated 1999 Incentive and
Nonstatutory Stock Option Plan (the “Plan”) previously approved by the Board of
Directors.

 

2.0           Stockholder Vote. 
The Plan may be amended to increase the number of shares subject to the
Plan by the approval by an affirmative vote of the holders of a majority of the
outstanding shares of the voting stock of the Company who are present or
represented to vote thereon at a meeting of the stockholders.

 

3.0           Amendment. 
The Plan is hereby amended so that Section 3 shall read as follows:

 

3.  Stock Subject to the Plan.  Subject to the provisions of Section 11 of
the Plan, the maximum aggregate number of Shares which may be optioned and sold
under the Plan is 1,450,000 shares of Common Stock.  The Shares may be authorized, but unissued, or reacquired Common
Stock.  If an Option should expire or
become unexercisable for any reason without having been exercised in full, the
unpurchased Shares which were subject thereto shall, unless the Plan shall have
been terminated, become available for future grant under the Plan.

 

4.0                                 No
Change.  Except as specifically set
forth herein, this Amendment Number 1 does not change the terms of the Plan.

 

5.0                                 Effective
Date.  This Amendment Number 1 is
effective upon approval by the stockholders.

 

Adopted this 20 day of June,
2003.

 

	
   

  	
  BETA OIL
  & GAS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ David A.
  Wilkins

  	
   

  
	
   

  	
   

  	
  David A.
  Wilkins,

  
	
   

  	
   

  	
  President
  and Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Joseph
  L. Burnett

  	
   

  	
   

  	
   

  
	
  Joseph L.
  Burnett, Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]