CREDIT AGREEMENT among TRANSATLANTIC WORLDWIDE, LTD. as Borrower, TRANSATLANTIC PETROLEUM LTD., TRANSATLANTIC PETROLEUM (USA) CORP., AND THE OTHER ENTITIES PARTY HERETO FROM TIME TO TIME as Guarantors, THE LENDERS PARTY HERETO FROM TIME TO TIME as...Credit Agreement • August 30th, 2010 • Transatlantic Petroleum Ltd. • Oil & gas field exploration services • New York
THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of August 25, 2010, among (1) TRANSATLANTIC WORLDWIDE, LTD., a company organized and existing under the laws of The Commonwealth of the Bahamas (the “Borrower”), (2) TRANSATLANTIC PETROLEUM LTD., a Bermuda exempted company with limited liability (the “Parent”), (3) TRANSATLANTIC PETROLEUM (USA) CORP., a Colorado corporation, (4) each Person party hereto from time to time as a guarantor in accordance with Section 6.12(b) (collectively, the “Subsidiary Guarantors”), (5) each of the lenders party hereto from time to time (the “Lenders”) and (6) STANDARD BANK PLC, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and as collateral agent for the Lenders (in such capacity, the “Collateral Agent”).
