FIFTH 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 • April 25th, 2011 • 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:
April 14, 2011 Advantage Oil & Gas Ltd. Suite 700, 400 3rd Avenue S.W. Calgary, Alberta, T2P 4H2 Attention: Mr. Kelly Drader President & Chief Financial Officer Dear Sir: Re: Operating Credit Facility in favour of Advantage Oil & Gas Ltd.Operating Credit Agreement • April 25th, 2011 • Advantage Oil & Gas Ltd. • Crude petroleum & natural gas • Alberta
We refer to the letter loan agreement dated as of July 29, 2009 between The Bank of Nova Scotia (“BNS”) and Advantage Oil & Gas Ltd. (the “Borrower”), as amended June 15, 2010 (collectively, 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.
