FOURTH AMENDED AND RESTATED SYNDICATED CREDIT AGREEMENT BETWEEN: ADVANTAGE OIL & GAS LTD., as Borrower - and - THE BANK OF NOVA SCOTIA, as Lead Arranger, Administrative Agent and Bookrunner - and - NATIONAL BANK OF CANADA and BANK OF MONTREAL, as...Syndicated Credit Agreement • September 14th, 2010 • Advantage Oil & Gas Ltd. • Crude petroleum & natural gas • Alberta
IN CONSIDERATION of the covenants and agreements between the Borrower, the Agent and the Lenders contained in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
Advantage Oil & Gas Ltd. 700, 400 3rd Ave. SW Calgary, Alberta T2P 4H2 Attention: Mr. Kelly Drader President and Chief Financial Officer Dear Sir: Re: Operating Credit Facility in favour of Advantage Oil & Gas Ltd.Original Credit Agreement • September 14th, 2010 • Advantage Oil & Gas Ltd. • Crude petroleum & natural gas • Alberta
The Bank of Nova Scotia (“BNS”) refers to the letter loan agreement dated as of July 29, 2009 (the “Original Credit Agreement”) between BNS and Advantage Oil & Gas Ltd. (the “Borrower”), pursuant to which BNS made available to the Borrower an operating credit facility upon the terms and conditions set out therein. This letter agreement (the “Amending Agreement”) amends and extends the Original Credit Agreement. This Amending Agreement is entered into concurrently with the first amendment to the Syndicated Credit Agreement dated as of June 15, 2010 (the “First Amending Agreement”) between the Borrower, BNS as lead arranger, administrative agent and bookrunner, National Bank of Canada and Bank of Montreal, as co-syndication agents, Royal Bank of Canada, as documentation agent, and BNS, National Bank of Canada, Bank of Montreal, Royal Bank of Canada, Canadian Imperial Bank of Commerce, Union Bank, Canada Branch, Alberta Treasury Branches, BNP Paribas (Canada) and HSBC Bank Canada, as lend
FIRST AMENDMENT TO THE FOURTH AMENDED AND RESTATED SYNDICATED CREDIT AGREEMENTSyndicated Credit Agreement • September 14th, 2010 • Advantage Oil & Gas Ltd. • Crude petroleum & natural gas • Alberta
This First Amendment to the Fourth Amended and Restated Syndicated Credit Agreement (this “Amending Agreement”) is dated as of June 15, 2010 between Advantage Oil & Gas Ltd., as borrower (the “Borrower”), The Bank of Nova Scotia, in its capacity as lead arranger, administrative agent and bookrunner (in such capacity, the “Agent”), National Bank of Canada and Bank of Montreal, as co-syndication agents, Royal Bank of Canada, as documentation agent, and The Bank of Nova Scotia, National Bank of Canada, Bank of Montreal, Royal Bank of Canada, Canadian Imperial Bank of Commerce, Union Bank, Canada Branch, Alberta Treasury Branches, BNP Paribas (Canada) and HSBC Bank Canada, as lenders (together with certain other Persons which become lenders from time to time, the “Lenders”) and is made with reference to the Fourth Amended and Restated Syndicated Credit Agreement dated as of July 29, 2009 (the “Credit Agreement”).
Advantage Oil & Gas Ltd.Advantage Oil & Gas Ltd. • September 14th, 2010 • Crude petroleum & natural gas • Alberta
We refer to the letter loan agreement dated as of June 18, 2009 between The Bank of Nova Scotia (“BNS”) and Advantage Oil & Gas Ltd. (the “Borrower”) (the “Original Credit Agreement”), pursuant to which BNS made available to the Borrower an operating credit facility. This letter loan agreement (as amended, renewed, extended, replaced or restated from time to time, this “Agreement”) amends and restates the Original Credit Agreement in its entirety.
