Exhibit 10.2
AMENDMENT TO SERVICE
AGREEMENT
This Amendment to Service Agreement
(this “Agreement”), effective October 1, 2008,
(the “Effective Date”), is by and among, TRANSATLANTIC
PETROLEUM CORP., an Alberta corporation, and its subsidiaries
(“TransAtlantic”) and LONGFELLOW ENERGY, LP, a Texas
limited partnership, VIKING DRILLING, LLC, a Nevada limited
liability company, LONGE ENERGY LIMITED, a Bermuda limited
liability company, MEDOIL SUPPLY LLC, a Texas limited liability
company, and RIATA MANAGEMENT, LLC, an Oklahoma limited liability
company, and their subsidiaries (collectively, the “Riata
Entities”).
RECITALS:
WHEREAS, TransAtlantic and the Riata
Entities entered into that certain Service Agreement dated
effective May 1, 2008 (the “Service Agreement”) in
connection with TransAtlantic’s expanding scope of
operations;
WHEREAS, TransAtlantic and the Riata
Entities wish to amend the Service Agreement to add MedOil Supply
LLC as a party to the Service Agreement and to clarify the purchase
and transport of oilfield equipment and consumables by the Riata
Entities on behalf of and for the benefit of TransAtlantic as a
service to be provided;
NOW, THEREFORE, in consideration of
the mutual promises hereinafter set forth and other good and valid
consideration, the receipt and sufficiency of which are hereby
acknowledged, and subject to the terms and conditions hereof, the
parties hereto (collectively, the “Parties” and each
individually a “Party”) agree as follows:
1. Section 1.01 of the Service
Agreement is hereby amended by deleting subsections
(c) through (f) and replacing them with the
following:
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“c.
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the
purchasing and transportation of oilfield equipment and
consumables;
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d.
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the
provision of consultation with respect to debt and/or equity
financings;
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e.
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the
documentation of domestic and international oil and gas transfers
and transactions;
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f.
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the
preparation, review and negotiation of contracts; and
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g.
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the
provision of such other services related to items (a) through
(f) as TransAtlantic or the Riata Entities may reasonably
request and which the Party providing the service has the
capability to perform.”
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2. MedOil Supply LLC, a limited
liability company organized under the laws of the State of Texas,
is hereby added as a Party to the Service Agreement.
3. Except as modified and amended
hereby, the Parties acknowledge and agree that the Service
Agreement remains in full force and effect.
IN WITNESS WHEREOF, the Parties have
executed
