US$40,000,000 CREDIT AGREEMENT dated as of January 27, 2011 by and among EMPRESA ELECTRICA NUEVA ESPERANZA S.R.L., as Borrower, and BPZ RESOURCES, INC., and BPZ EXPLORACION & PRODUCCION S.R.L., as Guarantors, and THE LENDERS PARTY HERETO FROM TIME TO...Credit Agreement • March 16th, 2011 • BPZ Resources, Inc. • Crude petroleum & natural gas • New York
CREDIT AGREEMENT, dated as of January 27, 2011 (this “Agreement”), by and among: Empresa Eléctrica Nueva Esperanza S.R.L., a limited liability company (sociedad comercial de responsabilidad limitada) organized and existing under the laws of the Republic of Perú (the “Borrower”); BPZ Resources, Inc., a Texas corporation (“BPZ Resources”), as a guarantor, and BPZ Exploración & Producción S.R.L., a limited liability company (sociedad comercial de responsabilidad limitada) organized and existing under the laws of the Republic of Perú, (“BPZ Peru”) as a guarantor; each of the lenders that is a signatory hereto under the caption “LENDERS” on the signature pages hereto and each other Person that becomes a “Lender” after the date hereof pursuant to Section 11.7 (each, a “Lender”); and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (the “Administrative Agent”);
