AMENDMENT TO CORPORATE GUARANTY

Guarantee Agreement

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This Guarantee Agreement involves

Charles Hill Drilling, Inc | HD Special-Situations, LP | Knight Energy Corp

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Title: AMENDMENT TO CORPORATE GUARANTY
Date: 7/9/2008
Industry: Oil and Gas Operations Sector: Energy

AMENDMENT TO

CORPORATE GUARANTY

This Amendment to Corporate Guaranty (the “Subsidiary Amendment”) is made and entered into on July 3, 2008, by and between Charles Hill Drilling, Inc. (the “Guarantor”) and HD Special-Situations, LP (the “Lender”).

A. the Guarantor and the Lender have previously entered into a Subsidiary Guaranty dated May 20, 2008 (the “Guaranty”), in connection with an aggregate of $1,500,000 in loans from the Lender to Knight Energy Corp. (the “Debtor”).

B. Pursuant to Section 3(c) of the Guaranty, the Guarantor and the Lender now desire to amend the Guaranty as set forth herein in order for it to also apply to an additional $2,500,000 which is being loaned by the Lender to the Debtor concurrently herewith.

NOW, THEREFORE, in consideration of their respective promises contained herein and other good and val

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