Attached files

file filename
8-K - 8-K - PROSPECT GLOBAL RESOURCES INC.a13-11917_18k.htm
EX-10.2 - EX-10.2 - PROSPECT GLOBAL RESOURCES INC.a13-11917_1ex10d2.htm
EX-10.4 - EX-10.4 - PROSPECT GLOBAL RESOURCES INC.a13-11917_1ex10d4.htm
EX-99.1 - EX-99.1 - PROSPECT GLOBAL RESOURCES INC.a13-11917_1ex99d1.htm
EX-10.1 - EX-10.1 - PROSPECT GLOBAL RESOURCES INC.a13-11917_1ex10d1.htm

Exhibit 10.3

 

May 2, 2013

 

Very Hungry LLC

Scott Reiman 1991 Trust

730 17th Street

Suite 800
Denver, CO 80202

Attention: Conway J. Schatz

 

Re:                             Prospect Global Resources Inc. (the “Company”) — Amendment to Warrant Terms

 

Dear Conway:

 

Please be advised that with respect to the warrants set forth on Exhibit I hereto (the “Warrants”), in consideration of Very Hungry LLC and Scott Reiman Trust loaning the Company an aggregate of $5,000,000 on the date hereof pursuant to the terms of the Subordinated Promissory Notes dated the date hereof in the aggregate principal amount of $5,550,000, the Warrant Price (as defined in the Warrants) is hereby amended to be $0.25 and the Termination Date (as defined in the Warrants) is hereby amended to be August 1, 2016.

 

 

 

Very truly yours,

 

 

 

 

 

 

 

 

By:

/s/ Damon G. Barber

 

 

 

Damon G. Barber

 

 

 

President and Chief Executive Officer

 

 

 

 

 

 

Accepted and Agreed to:

 

 

 

 

 

Very Hungry LLC

 

 

 

 

 

 

 

 

/s/ Brian Fleishmann

 

 

by:

 

 

title:

 

 

 

1



 

Exhibit I

 

Holder

 

Number of Warrants

 

 

 

 

 

Very Hungry LLC

 

1,860,530

 

 

 

479,228

 

 

 

1,797,103

 

 

 

704,747

 

 

 

 

 

Scott Reiman 1991 Trust

 

727,705

 

 

 

187,439

 

 

 

702,897

 

 

 

275,646

 

 

2