|
Exhibit
10.3
FIRST AMENDMENT TO
VOTING AGREEMENT
This FIRST AMENDMENT TO
VOTING AGREEMENT ("Agreement") is made and entered on July
19th , 2007 (the “Effective Date”) by and
between Lucayan Oil and Gas Investments, Ltd. (“LOGI”)
and Texhoma Energy, Inc. a Nevada corporation
(“Texhoma”), each individually a “Party,”
and collectively the “Parties.”
W I T N E S S
E T H :
WHEREAS ,
LOGI currently holds 18,174,000 shares of the common stock of
Texhoma (the “Texhoma Common
Stock”);
WHEREAS ,
Texhoma previously appointed William M. Simmons and Daniel
Vesco as Directors of Texhoma (the “Directors”),
which Directors required LOGI to enter into a Voting
Agreement on or around July 12, 2007, to set forth in writing
certain rights and restrictions, including, without
limitation, voting rights with respect to the Texhoma Common
Stock owned by LOGI, a copy of which is attached hereto as
Exhibit A (the “Voting Agreement”) (and a
previous Voting Agreement, between various other shareholders
of Texhoma), in connection with their agreeing to serve as
Directors of Texhoma; and
WHEREAS , the Parties now desire to amend the Voting
Agreement to remove the previous language in Section 3 of the
Voting Agreement, which excluded a total of 4,000,000 shares held
by LOGI from the terms and provisions of the Voting
Agreement.
NOW,
THEREFORE , for $10, and for other good and valuable
consideration, the receipt of which is hereby acknowledged by
LOGI, the Parties hereto agree as follows:
1.
Amendment to Voting Agreement
. Section 3 of the Voting Agreement
shall be amended and replaced in its entirety with the following
Section 3, and any reference in the Voting Agreement to Section 3
of the subject matter therein shall hereafter refer to the amended
Section 3 set forth below (collectively the
“Amendment”):
“3.
Shares Subject to Agreement
. Any additional shares of Texhoma’s Common
Stock or other voting securities, or the voting rights relating
thereto, of Texhoma that may be owned, held or subsequently
acquired in any manner, legally or beneficially, directly or
indirectly, of record or otherwise, by LOGI at any time during the
term of this Agreement as a result of the ownership of the Stock
that is referred to in this Ag
|
