Exhibit 10.1
(IFC LOGO) [d51435d5143501.gif]
August 9, 2007
Toreador Resources Corporation
4809 Cole Avenue
Suite 108
Dallas, Texas 75205
Facsimile: (214) 559 3933

Attention:   Mr. Charles J. Campise, Vice President, Finance & Accounting & CAO

Dear Gentlemen:

     Re:    Toreador Resources Corporation; Investment No. 25485
Amendment No. 1 to the Loan and Guarantee Agreement

     Reference is made to the Loan and Guarantee Agreement dated December 28,
2006 (the “Loan and Guarantee Agreement”), between Toreador Resources
Corporation, Toreador Turkey Ltd., Toreador Romania Ltd., Madison Oil France
SAS, Toreador Energy France S.C.S, Toreador International Holding Limited
Liability Company (collectively the “Obligors”), and International Finance
Corporation (“IFC”).
     Reference is further made to your letter dated June 28, 2007, whereby the
parties requested to amend the Loan and Guarantee Agreement to reflect a change
in the current ratio requirements using EBITDA to EBITDAX.
     Terms defined in the Loan and Guarantee Agreement shall have the same
meanings ascribed thereto when used in this amendment letter.
     Effective as of the date of this letter, it is hereby agreed as follows:
     1. In Section 1.01 the definition of “EBITDA” is hereby deleted in its
entirety;
     2. In Section 1.01 the definition of “Interest Coverage Ratio” is hereby
deleted and replaced in its entirety by the following:

             
 
                “Interest Coverage Ratio”   for any Calculation Period, the
result obtained by dividing the:
 
           
 
      (i)   EBITDAX for such Calculation Period; by

2121 Pennsylvania Ave., N.W.  •  Washington, D.C. 20433 USA  •   Phone
(202) 473-1000  •   Facsimile: (204) 477-6391

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      (ii)   the aggregate amount of all interest paid or payable for such
period, net of any interest actually earned during such Calculation Period,
 
           
 
          all such amounts calculated on a Consolidated Basis; “

     3. Section 6.01(m)(iii) is hereby deleted and replaced in its entirety by
the following:

  (iii)   Adjusted Financial Debt to EBITDAX ratio of not more than 3.0:1.0;

     Except as otherwise expressly provided herein, the provisions of the Loan
and Guarantee Agreement remain in full force and effect.
     This amendment letter may be executed in several counterparts, each of
which shall be considered an original, but all of which together shall
constitute one and the same agreement.
     Please confirm your acceptance of and agreement with the terms and
conditions of this amendment letter by signing below and returning it to IFC.
Very truly yours,
INTERNATIONAL FINANCE CORPORATION
/s/ Somit Varma
Somit Varma
Director
Oil, Gas, Mining, and Chemicals Department
ACKNOWLEDGED AND AGREED
on this 9th day of August, 2007

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TOREADOR RESOURCES CORPORATION
By: /s/ Charles J. Campise               
Name: Charles J. Campise               
Title: VP Finance & Acct/CAO       
TOREADOR TURKEY LTD.
By: /s/ Charles J. Campise                
Name: Charles J. Campise                
Title: Director                                    
TOREADOR ROMANIA LTD.
By: /s/ Charles J. Campise                
Name: Charles J. Campise                
Title: Director                                    
MADISON OIL FRANCE SAS
By: /s/ Emmanuel Mousset               
Name: Emmanuel Mousset               
Title: President                                  
TOREADOR ENERGY FRANCE S.C.S.
By: /s/ Emmanuel Mousset               
Name: Emmanual Mousset               
Title: President                                  

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TOREADOR INTERNATIONAL HOLDING LIMITED LIABILITY COMPANY
By: /s/ Charles J. Campise                
Name: Charles J. Campise                
Title: Director