FieldPoint Petroleum Corporation entered into an Eleventh Amendment to Loan Agreement and Fifth Amendment to Forbearance Agreement (Eleventh Agreement") with Citi. Borrower and Lender are parties to the Existing Credit Agreement, including the Existing Forbearance Agreement defined below with respect to certain Specified Defaults. Borrower has requested certain amendments to the Existing Credit Agreement and the terms of the Forbearance Agreement. Subject to the terms and conditions herein, the Lender has agreed to such amendments, to be effective as of the Effective Date (unless otherwise expressly provided herein).