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2 similar Loan Agreement contracts by Magellan Petroleum Corp /De/

Contract
Loan Agreement • May 5th, 2020 • Texas

EXECUTION VERSION 3918295.1 RESTATED LOAN AGREEMENT This Restated Loan Agreement (this “Agreement”) dated as of June 30, 2015 (the “Effective Date”), is entered into by and among WEST TEXAS STATE BANK (“Lender”), the Borrower and Guarantor. WHEREAS, Lender, Borrower and Guarantor previously entered into that certain Loan Agreement dated as of September 17, 2014 (the “Prior Loan Agreement”), which provided Borrower with a revolving line of credit, and WHEREAS, Borrower has requested to convert the existing revolving line of credit into a term loan and Lender has agreed to do so upon and subject to the terms and conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the Loan described below and the mutual covenants and agreements contained herein, and intending to be legally bound hereby, Lender, Borrower and Guarantor agree as follows: 1. Definitions and Reference Terms. In addition to any other terms defined herein, the following terms shall have the meaning set fo

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