FORBEARANCE AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • August 14th, 2015 • Escalera Resources Co. • Crude petroleum & natural gas
This FORBEARANCE AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT (the “Agreement”) dated as of July 31, 2015 (“Effective Date”) is by and among Escalera Resources Co., a Maryland corporation (“Borrower”), Eastern Washakie Midstream LLC, a Wyoming corporation (“Eastern Washakie”), and PetroSearch Energy Corporation, a Nevada corporation (“PetroSearch” and together with Eastern Washakie, collectively, the “Guarantors” and each a “Guarantor”), the Lenders (as defined below) and Société Générale, as administrative agent (in such capacity, the “Administrative Agent”) and as letter of credit issuer (in such capacity, the “Issuer”).
June 16, 2015Federal Express • August 14th, 2015 • Escalera Resources Co. • Crude petroleum & natural gas
This letter, when fully executed as provided below, will serve as an agreement (the “Letter Agreement”) between Warren Resources, Inc., a Maryland corporation, and Warren E&P, Inc., a New Mexico corporation (collectively, “Seller” or “Warren”) and Escalera Resources Co., a Maryland corporation (“Purchaser” or “Escalera”), concerning a purchase and sale transaction (the “Transaction”) covering certain oil and gas leases and lands more particularly described herein, limited to only those depths below the stratigraphic equivalents of the base of the Mesaverde Group and the top of the Trout Creek Sandstone (Hatfield Sandstone), as more particularly described below (the “Deep Rights”), in the unit areas referred to in the caption hereof. Warren and Escalera may be referred to herein individually as a “Party” and collectively as the “Parties”. Capitalized terms used but not defined herein shall have the meanings ascribed and given to them in the purchase and sale agreements referred to and d
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • August 14th, 2015 • Escalera Resources Co. • Crude petroleum & natural gas • Colorado
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is dated the 14th day of July, 2015, by and between Escalera Resources Co. (“Seller”), and Vanguard Operating, LLC (“Buyer”). Seller and Buyer may be referred to individually as a “Party” and collectively, as “Parties”
