AMENDMENT NO. 1 AND WAIVERAmendment No. 1 and Waiver • July 10th, 2007 • Tekoil & Gas Corp • Oil & gas field services, nec • New York
This Amendment No. 1 and Waiver (this "Agreement") dated as of July 3, 2007 (the "Effective Date"), is by and among Tekoil and Gas Gulf Coast, LLC, a Delaware limited liability company (the "Company"), Tekoil & Gas Corporation, a Delaware corporation, as guarantor (the "Guarantor"), the lenders party to the Credit Agreement described below ("Lenders"), J. Aron & Company, as Lead Arranger and as Syndication Agent (in such capacities, "Syndication Agent"), and J. Aron & Company, as Administrative Agent for such Lenders (together with its permitted successors in such capacity, the "Administrative Agent").
Letter AgreementAssignment Agreement • July 10th, 2007 • Tekoil & Gas Corp • Oil & gas field services, nec
Reference is made to (i) the above-described Assignment Agreement, the defined terms of which are used herein unless otherwise defined herein, (ii) the Application and Agreement for Irrevocable Standby Letter of Credit of even date herewith made by Tekoil and accepted by Amegy (the "LC Agreement"), and (iii) the Credit Agreement dated as of May 11, 2007, among Tekoil, as borrower, Tekoil & Gas Corporation, as guarantor, the lenders parties thereto (the "Lenders"), and the Administrative Agent (as modified, the "Credit Agreement").
