TRIDENT GROWTH FUND, L.P.
▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇
November 15, 2005
Mr. ▇. ▇▇▇ ▇▇▇▇▇▇
Maverick Oil and Gas, Inc.
▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Re: Amendment to Warrant to Purchase Common Stock
Dear ▇▇. ▇▇▇▇▇▇:
On October 26, 2005, Trident Growth Fund, L.P. ("TRIDENT") and Maverick
Oil and Gas, Inc. ("MAVERICK") entered into a series of agreements, including
that certain 12% Senior Secured Debenture, a Securities Purchase Agreement, a
Warrant to Purchase Common Stock, a Security Agreement, and a Pledge Agreement
(collectively, the "TRANSACTION DOCUMENTS") whereby Trident agreed to loan to
Maverick the sum of $2,000,000 (the "TRIDENT LOAN").
Included within the Transaction Documents is a Common Stock Purchase
Warrant dated October 26, 2005 (the "Warrant"), entitling Trident to purchase
certain shares of the Common Stock of Maverick, on terms reflected therein.
This letter agreement shall constitute a formal amendment to the
Warrant to evidence the agreement of the Parties that, upon ▇▇▇▇▇▇▇▇'s repayment
of the 12% Senior Secured Debenture to Trident, Section 5 of the Warrant,
entitled "Covenants" shall be of no further force or effect, and the Warrant
shall be interpreted thereafter as if no such covenants remain in effect. In all
other respects, the Warrant shall remain in full force and effect.
The undersigned parties hereto have caused this Letter Agreement to be
duly executed by their respective authorized signatories as of the date first
indicated above.
TRIDENT GROWTH FUND, L.P.
By: TRIDENT MANAGEMENT, LLC, its
GENERAL PARTNER
/s/ ▇▇▇▇▇ ▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇, Authorized Signatory
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MAVERICK OIL AND GAS, INC.
/s/ ▇. ▇▇▇ ▇▇▇▇▇▇
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Name: ▇. ▇▇▇ ▇▇▇▇▇▇
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Title: CEO
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