Amendment No. 1 to Second Amended and Restated Promissory Note of Canadian Forest Oil Ltd.
Exhibit 10.10
Amendment No. 1 to
Second Amended and Restated Promissory Note
of
Canadian Forest Oil Ltd.
WHEREAS, the Canadian Forest Oil Ltd. (the Corporation) previously has executed and delivered a Second Amended and Restated Promissory Note (the Promissory Note), payable to Forest Oil Corporation, as the Holder (Forest), in the maximum principal amount of US$200,000,000; and
WHEREAS, the Corporation and Forest now wish to amend the Promissory Note to increase the maximum principal amount thereof to $250,000,000.
NOW, THEREFORE, the Promissory Note shall be amended as follows:
1. Effective as of May 13, 2010, all references to the aggregate principal amount that may be outstanding under the Promissory Note shall be increased to $250,000,000.
2. The Promissory Note, as amended hereby, is ratified and reaffirmed in all respects.
IN WITHNESS WHEREOF, the Corporation has hereunto set its hand effective for all purposes.
| CANADIAN FOREST OIL LTD. | |
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| By: | /s/ David M. Anderson |
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| David M. Anderson |
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| President |
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