CONSENT AND FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT among GASTAR EXPLORATION USA, INC. THE GUARANTORS SIGNATORY HERETO THE LENDERS SIGNATORY HERETO and AMEGY BANK NATIONAL ASSOCIATION, as Administrative Agent Effective November 20, 2009Credit Agreement • November 25th, 2009 • Gastar Exploration LTD • Crude petroleum & natural gas • Texas
This CONSENT AND FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) executed effective as of November 20, 2009 (the “Effective Date”) and immediately prior to the execution by the Parent (as defined hereinafter) of the Term Loan Agreement (as defined hereinafter) and the Second Lien Pledge (as defined hereinafter) and the incurrence by the Parent of the Indebtedness (as defined in the Amended and Restated Credit Agreement referred to hereinafter) which is the subject of the Term Loan Agreement is by and among GASTAR EXPLORATION USA, INC., a Michigan corporation (the “Borrower”), GASTAR EXPLORATION, LTD., an Alberta, Canada corporation (the “Parent”), GASTAR EXPLORATION NEW SOUTH WALES, INC., a Michigan corporation (“Gastar New South Wales”), GASTAR EXPLORATION VICTORIA, INC., a Michigan corporation (“Gastar Victoria”), GASTAR EXPLORATION TEXAS, INC., a Michigan corporation (“Gastar Texas Inc”), GASTAR EXPLORATION TEXAS, LP, a Delaware limited partnership (“Gast
SECOND LIEN SECURITY AGREEMENT (PLEDGE)Second Lien Security Agreement • November 25th, 2009 • Gastar Exploration LTD • Crude petroleum & natural gas • Texas
This SECOND LIEN SECURITY AGREEMENT (PLEDGE) (this “Security Agreement”) is made and entered into effective as of the 20th day of November, 2009, by GASTAR EXPLORATION LTD., an Alberta, Canada corporation, the address for which, for purposes hereof, is 1331 Lamar Street, Suite 1080, Houston, Texas 77010 (“Debtor”), in favor of AMEGY BANK NATIONAL ASSOCIATION, a national banking association, as Agent for the Lenders (as such term is defined hereinafter) pursuant to the Loan Agreement, the address for which, for purposes hereof, is 4400 Post Oak Parkway, 4th Floor, Houston, Texas 77027 (in such capacity, “Secured Party”).
