LOAN AGREEMENTLoan Agreement • November 8th, 2017 • Erin Energy Corp. • Drilling oil & gas wells • Texas
This Loan Agreement (“Loan Agreement”), dated as of the Effective Date, between Erin Energy Corporation or its designated affiliate Erin Petroleum Nigeria Limited (“EPNL”) (collectively referred to herein as the “Borrower”) and James Street Capital Partners Limited, a company registered under the laws of the Federal Republic of Nigeria (the “Lender”).The Borrower wishes to obtain financing to fund the drilling of an exploration well in connection with Oil Mining License 120 in The Federal Republic of Nigeria held by EPNL (the “Project”), and the Lender has agreed, subject to the terms and conditions of this Loan Agreement, to provide such financing to the Borrower.
