Exhibit 10(a)
 
NINTH AMENDMENT TO CREDIT AGREEMENT
 
This Ninth Amendment to Credit Agreement (this “Ninth Amendment”) is entered
into as of November 2, 2012 (the “Ninth Amendment Effective Date”), by and among
Denbury Resources Inc., a Delaware corporation (“Borrower”), JPMorgan Chase
Bank, N.A., as Administrative Agent (“Administrative Agent”), and the financial
institutions parties hereto as Banks (hereinafter collectively referred to as
“Executing Banks”, and each individually, an “Executing Bank”).
 
W I T N E S S E T H
 
 WHEREAS, Borrower, Administrative Agent, the other agents party thereto and
Banks are parties to that certain Credit Agreement dated as of March 9, 2010
(the “Credit Agreement”) (unless otherwise defined herein, all terms used herein
with their initial letter capitalized shall have the meaning given such terms in
the Credit Agreement, including, to the extent applicable, after giving effect
to the amendments set forth in Section 1 of this Ninth Amendment);
 
 WHEREAS, pursuant to the Credit Agreement, Banks have made a Revolving Loan to
Borrower and provided certain other credit accommodations to Borrower;
 
WHEREAS, Borrower has advised Administrative Agent and Banks that pursuant to
that certain Exchange Agreement dated as of September 19, 2012 by and among
Onshore, XTO Energy Inc. (“XTO Energy”) and Exxon Mobil Corporation
(collectively, with XTO Energy, “XTO”), Onshore has agreed to transfer certain
of its Mineral Interests located in the oil and gas field commonly referred to
as the Bakken Shale (and defined as the “DRI Assets” in such Exchange Agreement)
to XTO in exchange for certain Mineral Interests and cash consideration (such
transaction, the “Bakken Exchange”);
 
WHEREAS, Borrower has further advised Administrative Agent and Banks that the
loss of oil production as a result of the Bakken Exchange may cause the Credit
Parties to have (a) hedged more than 100% of the reasonably anticipated
projected production from Proved Mineral Interests of oil which would be
prohibited by Section 9.11(a)(i) of the Credit Agreement, and (b) total
production of oil that is less than the aggregate amount of oil which is the
subject of Oil and Gas Hedge Transactions which would be prohibited by Section
9.11(b)(i) of the Credit Agreement (collectively, the “Temporary Potential Oil
Hedging Noncompliance”), in each case during the period commencing on the
effective date of the Bakken Exchange and continuing through and including
December 31, 2013 (such period, the “Specified Period”), which Temporary
Potential Oil Hedging Noncompliance would also be prohibited by Section 9.17 of
the Credit Agreement;
 
WHEREAS, Borrower has requested that Banks (a) amend certain terms of the Credit
Agreement to (i) permit the Bakken Exchange and (ii) make certain other changes
thereto as more specifically described herein, and (b) provide a limited waiver
of any Temporary Potential Oil Hedging Noncompliance that may occur during the
Specified Period; and
 
 WHEREAS, subject to and upon the terms and conditions set forth herein,
Executing Banks have agreed to Borrower’s requests and to enter into this Ninth
Amendment;
 
 NOW THEREFORE, for and in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and confessed, Borrower,
Administrative Agent and Executing Banks hereby agree as follows:
 
Section 1. Amendments to Credit Agreement.  In reliance on the representations,
warranties, covenants and agreements contained in this Ninth Amendment, and
subject to the satisfaction or waiver of the conditions precedent set forth in
Section 4 hereof, the Credit Agreement shall be amended effective as of the
Ninth Amendment Effective Date in the manner provided in this Section 1.
 
1.1 Additional Definitions.  Section 1.1 of the Credit Agreement shall be
amended to add thereto in alphabetical order the following definitions of
“Bakken Assets”, “Bakken Exchange Agreement”, “Ninth Amendment” and “Ninth
Amendment Effective Date”  which shall read in full as follows:
 
 
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“Bakken Assets” means the “DRI Assets” as defined in and to be sold pursuant to
the Bakken Exchange Agreement.
 
“Bakken Exchange Agreement” means that certain Exchange Agreement dated as of
September 19, 2012, by and among Onshore, XTO Energy Inc. and Exxon Mobil
Corporation, as amended, supplemented or modified from time to time to the
extent permitted by Section 9.6.
 
“Ninth Amendment” means that certain Ninth Amendment to Credit Agreement dated
as of November 2, 2012 among Borrower, Administrative Agent and Banks party
thereto.
 
“Ninth Amendment Effective Date” means November 2, 2012.
 
1.2 Amendment to Definitions.  The definitions of “Authorized Officer” and “Loan
Papers” contained in Section 1.1 of the Credit Agreement shall be amended and
restated to read in full as follows:
 
“Authorized Officer” means, as to any Person, its Chief Executive Officer, its
President, its Chief Financial Officer, its Chief Operating Officer, its General
Counsel, its Chief Accounting Officer, any of its Vice Presidents, its
Treasurer, its corporate Secretary or any of its Assistant Secretaries.
 
“Loan Papers” means this Agreement, the First Amendment, the Second Amendment,
the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth
Amendment, the Seventh Amendment, the Eighth Amendment, the Ninth Amendment, the
Notes, each Facility Guarantee which may now or hereafter be executed, each
Borrower Pledge Agreement which may now or hereafter be executed, each
Subsidiary Pledge Agreement which may now or hereafter be executed, all
Mortgages now or at any time hereafter delivered pursuant to Section 5.1, and
all other certificates, documents or instruments delivered in connection with
this Agreement, as the foregoing may be amended from time to time.
 
1.3 Amendment to Restricted Payments Provision.  Section 9.2(j) of the Credit
Agreement shall be amended to delete the reference to “$500,000,000” contained
therein and insert in lieu thereof a reference to “$1,200,000,000”.
 
1.4 Amendment to Asset Dispositions Provision.  Section 9.5 of the Credit
Agreement shall be amended to (a) delete the word “and” at the end of clause
(i), (b) replace the period at the end of clause (j) with “; and” and (c) add
new clause (k) immediately after clause (j), to read in full as follows:
 
(k)           the sale of the Bakken Assets pursuant to the Bakken Exchange
Agreement, provided, that:
 
(i)           no Default or Event of Default exists or would exist after giving
effect to such sale;
 
(ii)           the Outstanding Credit at the time of such sale does not exceed
the Borrowing Base at such time; and
 
(iii)           the sale of the Bakken Assets pursuant to the Bakken Exchange
Agreement is consummated no later than the earlier of (A) the date on which the
Scheduled Redetermination scheduled for on or about May 1, 2013 becomes
effective or (B) the first date, if any, following the Ninth Amendment Effective
Date on which a Special Redetermination requested by the Borrower becomes
effective.
 
1.5 Amendment to Restricted Amendments Provision.  Section 9.6 of the Credit
Agreement shall be amended to add the following sentence to the end thereof:
 
In addition, Borrower will not, nor will Borrower permit any other Credit Party
to, enter into or permit any modification or amendment of the Bakken Exchange
Agreement that would result in the addition of Borrowing Base Properties being
sold pursuant thereto with a value, individually or in the aggregate, that is
deemed material by the Administrative Agent in its reasonable discretion.
 
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Section 2. Omnibus Amendment to Loan Papers.  Notwithstanding anything in any
Loan Paper to the contrary, (a) in no event shall the defined terms
“Collateral”, “Mortgaged Property” or any similar defined term describing any
interest in any asset or property pledged by any Credit Party pursuant to the
Loan Papers to secure the Obligations include any Building (as defined in the
applicable Flood Insurance Regulations) or Manufactured (Mobile) Home (as
defined in the applicable Flood Insurance Regulations) and (b) no Building or
Manufactured (Mobile) Home shall be subject to any Lien created by any Loan
Paper.  As used herein, “Flood Insurance Regulations” means (i) the National
Flood Insurance Act of 1968 as now or hereafter in effect or any successor
statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or
hereafter in effect or any successor statute thereto, (iii) the National Flood
Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may
be amended or recodified from time to time, and (iv) the Flood Insurance Reform
Act of 2004 and any regulations promulgated thereunder.
 
Section 3. Limited Waiver.  In reliance on the representations, warranties,
covenants and agreements contained in this Ninth Amendment, and subject to the
satisfaction (or waiver) of the conditions precedent set forth in Section 4
hereof, Banks hereby consent to any Temporary Potential Oil Hedging
Noncompliance during the Specified Period; provided, that Borrower will not, nor
will Borrower permit any other Credit Party to, enter into any Hedge Transaction
for oil during the Specified Period unless such Hedge Transaction, together with
any other existing Hedge Transactions for oil, will not cause a violation of
Sections 9.11 and 9.17 of the Credit Agreement.  Borrower acknowledges and
agrees that the limited waiver set forth in this Section 3 is limited solely to
Sections 9.11(a)(i), 9.11(b)(i) and 9.17 of the Credit Agreement and applies
solely with respect to any Temporary Potential Oil Hedging Noncompliance which
may occur during the Specified Period as a direct result of the loss of oil
production from the Bakken Exchange.  The limited waiver set forth in this
Section 3 is a limited, one-time waiver, and nothing contained herein shall
obligate Administrative Agent or Banks to grant any additional or future waiver
with respect to, or in connection with, any provisions of the Credit Agreement
or any other Loan Paper.
 
Section 4. Conditions Precedent to Amendment.  Subject to the satisfaction (or
waiver) of the following conditions, the amendments to the Credit Agreement
contained in Section 1 hereof and the limited waiver provided in Section 3
hereof shall be effective on the Ninth Amendment Effective Date:
 
4.1 Counterparts.  Administrative Agent shall have received counterparts hereof
duly executed by Borrower and Majority Banks and acknowledged by each Restricted
Subsidiary (or, in the case of any party as to which an executed counterpart
shall not have been received, telegraphic, electronic, telecopy, or other
written confirmation from such party of execution of a counterpart hereof by
such party).
 
4.2 Bakken Exchange Agreement.  Administrative Agent shall have received a copy
of the Bakken Exchange Agreement, together with all attachments, exhibits and
schedules thereto, certified by an Authorized Officer of Borrower as true,
correct and complete as of the Ninth Amendment Effective Date.
 
4.3 No Default; No Borrowing Base Deficiency.  After giving effect to the
amendments set forth in Section 1 and Section 2 hereof, no Default or Event of
Default shall have occurred which is continuing, and no Borrowing Base
Deficiency then exists.
 
4.4 Other Documents.  Administrative Agent shall have been provided with such
documents, instruments and agreements, and Borrower shall have taken such
actions, in each case as Administrative Agent may reasonably require in
connection with this Ninth Amendment and the transactions contemplated hereby.
 
Section 5. Representations and Warranties.  To induce Executing Banks and
Administrative Agent to enter into this Ninth Amendment, Borrower hereby
represents and warrants to Banks and Administrative Agent as follows on the
Ninth Amendment Effective Date:
 
5.1 Reaffirm Existing Representations and Warranties.  After giving effect to
the amendments set forth in Section 1 and Section 2 hereof, each representation
and warranty of Borrower contained in the Credit Agreement and the other Loan
Papers is true and correct in all material respects on the Ninth Amendment
Effective Date, except that any representation or warranty that is qualified by
“material” or “Material Adverse Effect” references therein shall be true and
correct in all respects.
 
 
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5.2 Due Authorization; No Conflict.  The execution, delivery and performance by
Borrower of this Ninth Amendment are within Borrower’s corporate or
organizational powers, have been duly authorized by all necessary action,
require no action by or in respect of, or filing with, any governmental body,
agency or official and do not violate or constitute a default under any
provision of applicable law or any Material Agreement binding upon Borrower or
any other Credit Party or result in the creation or imposition of any Lien upon
any of the assets of Borrower or any other Credit Party other than Liens
securing the Obligations.
 
5.3 Validity and Enforceability.  This Ninth Amendment constitutes the valid and
binding obligation of Borrower enforceable in accordance with its terms, except
as (a) the enforceability thereof may be limited by bankruptcy, insolvency or
similar laws affecting creditor’s rights generally, and (b) the availability of
equitable remedies may be limited by equitable principles of general
application.
 
5.4 No Defense.  Borrower acknowledges that Borrower has no defense to (a)
Borrower’s obligation to pay the Obligations when due, or (b) the validity,
enforceability or binding effect against Borrower of the Credit Agreement or any
of the other Loan Papers or any Liens intended to be created thereby.
 
Section 6. Miscellaneous.
 
6.1 No Waivers.  No failure or delay on the part of Administrative Agent or
Banks to exercise any right or remedy under the Credit Agreement, any other Loan
Papers or applicable law shall operate as a waiver thereof, nor shall any single
or partial exercise of any right or remedy preclude any other or further
exercise of any right or remedy, all of which are cumulative and may be
exercised without notice except to the extent notice is expressly required (and
has not been waived) under the Credit Agreement, the other Loan Papers and
applicable law.
 
6.2 Reaffirmation of Loan Papers.  Any and all of the terms and provisions of
the Credit Agreement and the Loan Papers shall, except as amended and modified
hereby, remain in full force and effect.  Except as provided in Section 2
hereof, the amendments contemplated hereby shall not limit or impair any Liens
securing the Obligations, each of which are hereby ratified, affirmed and
extended to secure the Obligations.
 
6.3 Legal Expenses.  Borrower hereby agrees to pay on demand all reasonable fees
and expenses of counsel to Administrative Agent incurred by Administrative Agent
in connection with the preparation, negotiation and execution of this Ninth
Amendment and all related documents.
 
6.4 Parties in Interest.  All of the terms and provisions of this Ninth
Amendment shall bind and inure to the benefit of the parties hereto and their
respective successors and assigns.
 
6.5 Counterparts.  This Ninth Amendment may be executed in counterparts
(including, without limitation, by electronic signature), and all parties need
not execute the same counterpart; however, no party shall be bound by this Ninth
Amendment until Borrower, Majority Banks and each Restricted Subsidiary have
executed a counterpart.  Facsimiles and counterparts executed by electronic
signature shall be effective as originals.
 
6.6 Complete Agreement.  THIS NINTH AMENDMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN PAPERS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE
PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG THE PARTIES.
 
6.7 Headings.  The headings, captions and arrangements used in this Ninth
Amendment are, unless specified otherwise, for convenience only and shall not be
deemed to limit, amplify or modify the terms of this Ninth Amendment, nor affect
the meaning thereof.
 
 
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6.8 Governing Law.  THIS NINTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
 
IN WITNESS WHEREOF, the parties hereto have caused this Ninth Amendment to be
duly executed by their respective authorized officers on the date and year first
above written.
 
[Signature Pages to Follow]
 
 
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BORROWER:
 
 
DENBURY RESOURCES INC.,
a Delaware corporation
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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Each of the undersigned (i) consent and agree to this Ninth Amendment, and (ii)
agree that the Loan Papers to which it is a party shall remain in full force and
effect and shall continue to be the legal, valid and binding obligation of such
Person, enforceable against it in accordance with its terms.
 

 
DENBURY GATHERING & MARKETING, INC.,
a Delaware corporation
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 

 
DENBURY HOLDINGS, INC.,
a Delaware corporation (f/k/a Denbury Encore Holdings Inc.)
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 

 
DENBURY OPERATING COMPANY,
a Delaware corporation (f/k/a EAP Properties, Inc. and successor-by-merger to a
previous “Denbury Operating Company”)
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 
 

 
DENBURY ONSHORE, LLC,
a Delaware limited liability company
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 
 
 
[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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DENBURY PIPELINE HOLDINGS, LLC,
a Delaware limited liability company
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 
 

 
DENBURY GREEN PIPELINE-TEXAS, LLC,
a Delaware limited liability company
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 

 
DENBURY GULF COAST PIPELINES, LLC,
a Delaware limited liability company
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 

 
GREENCORE PIPELINE COMPANY LLC,
a Delaware limited liability company
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 

 
DENBURY AIR, LLC,
a Delaware limited liability company (f/k/a EAP Operating, LLC)
       
 
By:
 
/s/ James S. Matthews
   
James S. Matthews,
Vice President and General Counsel

 
 
[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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ADMINISTRATIVE AGENT/BANK:
 
 
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and a Bank
       
 
By:
 
/s/ Mark E. Olson
   
Mark E. Olson,
Authorized Officer

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
BANK OF AMERICA, N.A.
       
 
By:
 
/s/ Margaret Niekrash
 
Name:
Margaret Niekrash
 
Title:
Vice President

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
WELLS FARGO BANK, N.A.
       
 
By:
 
/s/ Tom K. Martin
 
Name:
Tom K. Martin
 
Title:
Director

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
THE BANK OF NOVA SCOTIA
       
 
By:
 
/s/ Terry Donovan
 
Name:
Terry Donovan
 
Title:
Managing Director

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
       
 
By:
 
/s/ Doreen Barr
 
Name:
Doreen Barr
 
Title:
Director

 
 
By:
 
/s/ Michael D. Spaight
 
Name:
Michael D. Spaight
 
Title:
Associate

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
ROYAL BANK OF CANADA
       
 
By:
 
/s/ Jay T. Sartain
 
Name:
Jay T. Sartain
 
Title:
Authorized Signatory

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
UBS AG, STAMFORD BRANCH
       
 
By:
 
/s/ Irja R. Otsa
 
Name:
Irja R. Otsa
 
Title:
Associate Director

 
 
By:
 
/s/ Joselin Fernandes
 
Name:
Joselin Fernandes
 
Title:
Associate Director

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
UNION BANK, N.A.
       
 
By:
 
/s/ David Carter
 
Name:
David Carter
 
Title:
Investment Banking Officer

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK (f/k/a CALYON NEW YORK BRANCH)
       
 
By:
 
/s/ Dixon Schultz
 
Name:
Dixon Schultz
 
Title:
Managing Director

 
 
By:
 
/s/ Sharada Manne
 
Name:
Sharada Manne
 
Title:
Managing Director

 

 
[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
BANK OF SCOTLAND plc
       
 
By:
 
/s/ Julia R. Franklin
 
Name:
Julia R. Franklin
 
Title:
Vice President

 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
COMPASS BANK
       
 
By:
 
/s/ Umar Hassan
 
Name:
Umar Hassan
 
Title:
Vice President

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
CAPITAL ONE NATIONAL ASSOCIATION, formerly known as Capital One, N.A.
       
 
By:
 
/s/ Peter Shen
 
Name:
Peter Shen
 
Title:
Vice President
     

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
COMERICA BANK
       
 
By:
 
/s/ John S. Lesikar
 
Name:
John S. Lesikar
 
Title:
Vice President

 
 
[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
ING CAPITAL LLC
       
 
By:
 
/s/ Charles Hall
 
Name:
Charles Hall
 
Title:
Managing Director

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
SUNTRUST BANK
       
 
By:
 
/s/ Yann Pirio
 
Name:
Yann Pirio
 
Title:
Director

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
CIBC, INC.
       
 
By:
 
/s/ Trudy Nelson
 
Name:
Trudy Nelson
 
Title:
Authorized Signatory

 
 
By:
 
/s/ Richard Antl
 
Name:
Richard Antl
 
Title:
Authorized Signatory

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
KEYBANK NATIONAL ASSOCIATION
       
 
By:
 
/s/ Chulley Bogle
 
Name:
Chulley Bogle
 
Title:
Vice President

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
U.S. BANK NATIONAL ASSOCIATION
       
 
By:
 
/s/ Daria Mahoney
 
Name:
Daria Mahoney
 
Title:
Vice President

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
SUMITOMO MITSUI BANKING CORPORATION
       
 
By:
 
/s/ Shuji Yabe
 
Name:
Shuji Yabe
 
Title:
Managing Director

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
FIFTH THIRD BANK
       
 
By:
 
/s/ Richard C. Butler
 
Name:
Richard C. Butler
 
Title:
Senior Vice President

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
COMERICA BANK, successor by merger with
STERLING BANK,  a Texas banking association, as a Lender
       
 
By:
 
/s/ John Lesikar
 
Name:
John Lesikar
 
Title:
Vice President

 
 

[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 
 
 

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BANKS:
 
 
GOLDMAN SACHS LENDING
PARTNERS LLC
       
 
By:
 
/s/ Jennifer Dokish
 
Name:
Jennifer Dokish
 
Title:
Authorized Signatory

 

 
[Signature Page]
Ninth Amendment to Credit Agreement
Denbury Resources Inc.
 
 

 

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