THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “ First Amendment ”) is entered into
and effective as of the First Amendment Closing Date (as defined below) among ENERJEX RESOURCES,
INC. , a Nevada corporation (“ Parent ”), ENERJEX KANSAS, INC. (f/k/a Midwest Energy, Inc.), a
Nevada corporation (“ EnerJex Kansas ”) and DD ENERGY, INC. , a Nevada corporation (“ DD Energy
”) (collectively, “ Borrowers ”) and TEXAS CAPITAL BANK, N.A. , a national banking association, as a
Bank, L/C Issuer and Administrative Agent (in such latter capacity and together with its successors and permitted
assigns in such capacity the “ Administrative Agent ”), and the several banks and financial institutions from time
to time parties to the Credit Agreement, as defined below (the “ Banks ”). Capitalized terms used but not
defined in this First Amendment have the meaning given them in the Credit Agreement.
A. Borrowers, Administrative Agent, L/C Issuer and Banks entered into that certain Credit
Agreement dated as of July 3, 2008 (as amended by that certain Letter Agreement dated July 3, 2008, that
certain Letter Agreement dated May 15, 2009, and as further amended, modified or supplemented, the “ Credit
B. Borrowers, Administrative Agent, L/C Issuer and Banks have agreed to amend the Credit
Agreement, subject to the terms and conditions of this First Amendment.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the undersigned hereby agree as follows:
I. Amendments to Credit Agreement .
Article I, Definitions , of the Credit Agreement is hereby amended by adding the following definitions in
their proper alphabetical order:
“ First Amendment ” means the First Amendment to Credit Agreement dated as of the First
Amendment Closing Date by and between Borrowers, Administrative Agent, L/C Issuer and Banks.