March 5, 2013 Armada Oil Inc. 10777 Westheimer Rd., Suite 1100 Houston, TX 77042 Attn: Jim Cerna

EXHIBIT 10.1

 

 

 

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▇▇▇▇▇▇ Oil Inc.

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Attn: ▇▇▇ ▇▇▇▇▇

 

RE: Amendment and Extension Purchase and Option Agreement Bear Creek Prospect & Overland Trail Prospect Carbon County, Wyoming

 

Dear ▇▇. ▇▇▇▇▇:

 

Whereas in a Letter Agreement dated February 7, 2012 and amended September 25, 2012, and again amended January 10, 2013, TR Energy, Inc. (TR), and Armada Oil, Inc. (Armada) did enter into a Purchase and Option Agreement covering certain lands in Carbon County, Wyoming; and whereas, both TR and Armada agree that certain terms of the original agreement and all amendments need to be amended once again;

 

Now, therefore, both TR and Armada agree to the following terms:

 

1. Armada acknowledges that it has executed the option to pay the $736,000 to TR for the Unit acreage. The Unit acreage shall remain as described in the original agreement. Armada shall pay the first installment of $250,000 as described on or before April 15, 2013.

 

All other terms of the original and amended agreements remain in place.

 

Regards,

 

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Vice President of TR Energy, Inc.

 

Accepted this 5th day of March, 2013.

 

ARMADA OIL INC.

 

 

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CEO