AMENDED AND RESTATED SUBORDINATED GUARANTY AND PLEDGE AGREEMENT Dated as of _________, 2008 made by Teton Energy Corporation and each of the other Obligors in favor of The Bank of New York Mellon Trust Company, N.A. as Successor in Interest To...Subordinated Guaranty and Pledge Agreement • September 15th, 2008 • Teton Energy Corp • Drilling oil & gas wells • New York
This AMENDED AND RESTATED SUBORDINATED GUARANTY AND PLEDGE AGREEMENT, dated as of , 2008, is made by TETON ENERGY CORPORATION, a Delaware corporation (the “Borrower”), and each of the signatories hereto (the Borrower and each of the signatories hereto, together with any other Subsidiary or holding company of the Borrower that becomes a party hereto from time to time after the date hereof, the “Obligors”), in favor of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, as successor in interest to WHITEBOX ADVISORS, LLC, as agent for the Subordinated Noteholders (in such capacity, together with its successors in such capacity, the “Subordinated Noteholder Representative”).
