Velocity Energy Inc. Watch

from 8-K 18 pages Whereas, as of the Date Hereof, Buyers Have Made Loans and Certain Other Financial Accommodations (Collectively, the “Loans”) to Sonterra Resources, Inc., a Delaware Corporation (The “Company”), as Evidenced by Those Certain Senior Secured Notes of Even Date Herewith in an Original Aggregate Principal Amount of $8,875,000 (Such Notes, Together With Any Promissory Notes or Other Securities Issued in Exchange or Substitution Therefor or Replacement Thereof, and as Any of the Same May Be Amended, Supplemented, Restated or Modified and in Effect From Time to Time, the “Notes”);

from 8-K 14 pages Whereas, as of the Date Hereof, Holders Have Made Loans and Certain Other Financial Accommodations (Collectively, the “Loans”) to Sonterra Resources, Inc., a Delaware Corporation (The “Company”), as Evidenced by (I) That Certain Subordinated Note of Even Date Herewith in an Original Aggregate Principal Amount of $2,210,550.92 Issued by the Company in Favor of Longview (As the Same May Be Amended, Supplemented, Restated or Otherwise Modified From Time to Time as Permitted Hereunder and Including Any Notes Issued in Exchange or Substitution Therefor, Collectively, the “Longview Note”) and (II) That Certain Subordinated Note of Even Date Herewith in an Original Aggregate Principal Amount of $9,440,000 Issued by the Company in Favor of Marquis (As the Same May Be Amended, Supplemented, Restated or Otherwise Modified From Time to Time as Permitted Hereunder and Including Any Notes Issued in Exchange or Substitution Therefor, Collectively, the “Marquis Note”; Longview Note and Marquis Note, Each a “Note” And, Together, “Notes”)