THE LENDERS AND THAT THE ADMINISTRATIVE
AGENT OR THE LENDERS HAVE ABSOLUTELY NO DUTY OR OBLIGATION TO ADVANCE ANY LOAN
OR TO ISSUE ANY LETTER OF CREDIT. EACH BORROWER UNDERSTANDS THAT WITHOUT REASON,
CAUSE OR PRIOR NOTICE, THE ADMINISTRATIVE AGENT AND THE LENDERS MAY AND AT THE
REQUEST OF THE REQUIRED LENDERS SHALL CEASE ADVANCING LOANS AND ISSUING LETTERS
OF CREDIT AND MAKE DEMAND FOR PAYMENT OF ALL OBLIGATIONS (INCLUDING CASH
COLLATERALIZATION OF LETTERS OF CREDIT IN ACCORDANCE HEREWITH) OF EACH BORROWER
TO THE ADMINISTRATIVE AGENT OR THE LENDERS AT ANY TIME. EACH BORROWER REPRESENTS
AND WARRANTS TO THE ADMINISTRATIVE AGENT AND THE LENDERS THAT SUCH BORROWER IS
AWARE OF THE RISKS ASSOCIATED WITH CONDUCTING BUSINESS UTILIZING AN UNCOMMITTED
FACILITY.
[Signature Pages Follow]
113
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.
TEXADIAN ENERGY, INC., as a Borrower By:
/s/ R. Seth Bullock
Name: R. Seth Bullock
Title: Vice President, Treasurer and Secretary
TEXADIAN ENERGY CANADA LIMITED, as a Borrower By:
/s/ R. Seth Bullock
Name: R. Seth Bullock
Title: Vice President, Treasurer and Secretary BNP
PARIBAS, as Administrative Agent, Collateral Agent, an Issuing Bank, and a
Lender By:
/s/ Christine Dirringer
Name: Christine Dirringer
Title: Managing Director By:
/s/ Keith Cox
Name: Keith Cox
Title: Managing Director
[signature page to Credit Agreement]