Exhibit 10.37
AMENDMENT TO
PROMISSORY NOTE
| DATE OF AMENDMENT: | January 2, 2013 |
| DATE OF NOTE #5: | November 16, 2012 & |
November 28, 2012
| PRINCIPLE AMOUNT: | $42,500 & |
$22,500 totaling
$65,000
| INTEREST RATE: | Ten percent (10.0%) per annum |
| HOLDER: | MacKov Investments Limited (“MacKov”) |
| MAKER: | Richfield Oil & Gas Company (“Richfield”) |
| DUE DATE: | On demand |
The Promissory Note is hereby amended and modified as follows:
MacKov agrees to extend the due date of the Promissory Note to be further on demand.
Richfield agrees to secure the Promissory Note by pledging a 1% in Richfield’s HUOP Project leases in the Freedom Trend Project located in Sanpete County, Utah should the Promissory Note remain unpaid.
Except as amended hereby, the Promissory Note shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the Parties have set their hands, as of the date first above written.
| HOLDER: | MAKER: | |||
| MacKov Investments Limited | RICHFIELD OIL & GAS COMPANY | |||
| By: | /s/ Glenn G. MacNeil | By: | /s/ Michael A. Cederstrom | |
| Glenn G. MacNeil, | Michael A. Cederstrom, General Counsel and | |||
| President of MacKov Investments Limited | Corporate Secretary | |||