PLAN SUPPORT AND LOCK-UP AGREEMENT REGARDING CROSS CANYON ENERGY CORP.Plan Support and Lock-Up Agreement • February 2nd, 2010 • Cross Canyon Energy Corp. • Crude petroleum & natural gas • New York
THIS PLAN SUPPORT AND LOCK-UP AGREEMENT (the “Agreement”), dated as of January 28, 2010, is entered into by and among Cross Canyon Energy Corp., a Nevada corporation (the “Company”), and CIT Capital USA, Inc., as administrative agent and lender (“CIT Capital”) pursuant to (a) that certain Credit Agreement made as of September 2, 2008 (the “Revolving Loan Agreement”), and (b) that certain Second Lien Term Loan Agreement, made as of September 2, 2008 (the “Term Loan Agreement”). Borrowings made pursuant to the Revolving Loan Agreement are referred to herein as the “Revolving Loan,” and borrowings made pursuant to the Term Loan Agreement are referred to herein as the “Term Loan.” Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Company’s chapter 11 plan of reorganization (as more fully described below).
