Amendment No. 1 to Second Amended and Restated Promissory Note of Canadian Forest Oil Ltd.

Contract Categories: Business Finance - Note Agreements
EX-10.10 3 a2201430zex-10_10.htm EX-10.10

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.

 

 

 

 

 

By:

/s/ David M. Anderson

 

 

David M. Anderson

 

 

President

 

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