FORBEARANCE AGREEMENT AND AMENDMENT NUMBER ONE TO CREDIT AGREEMENTForbearance Agreement and Amendment Number One to Credit Agreement • April 16th, 2008 • Imperial Petroleum Inc • Drilling oil & gas wells • New York
This Forbearance Agreement and Amendment Number One to Credit Agreement (this “Agreement”) is made as of the 24th of March, 2008, by and among IMPERIAL PETROLEUM, INC., a Nevada corporation (the “Borrower”), the lenders from time to time party hereto (each a “Lender” and collectively, the “Lenders”), D.B. ZWIRN SPECIAL OPPORTUNITIES FUND, L.P., a Delaware limited partnership, formerly known as Highbridge/Zwirn Special Opportunities Fund, L.P. (“DBZ”), as collateral agent for the Lenders (in such capacity, together with any successor collateral agent, the “Collateral Agent”), and DBZ, as administrative agent for the Lenders (in such capacity, together with any successor administrative agent, the “Administrative Agent”; and together with the Collateral Agent, each an “Agent” and collectively, the “Agents”).
