Exhibit 10.2

EXECUTION VERSION

AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT

This Amendment No. 3 to Amended and Restated Credit Agreement (this “Agreement”)
dated as of June 15, 2018 (the “Effective Date”), is among Jagged Peak Energy
LLC, a Delaware limited liability company (the “Borrower”), Jagged Peak Energy
Inc., a Delaware corporation (the “Guarantor”), Wells Fargo Bank, National
Association, as administrative agent (in such capacity, the “Administrative
Agent”) and as issuing lender (in such capacity, the “Issuing Lender”), and the
Lenders (as defined below).
RECITALS
A.    Reference is made to that certain Amended and Restated Credit Agreement
dated as of February 1, 2017 (as amended by that certain Amendment No. 1, Master
Assignment and Agreement to Amended and Restated Credit Agreement dated as of
October 26, 2017, Amendment No. 2, Limited Waiver, Master Assignment and
Agreement to Amended and Restated Credit Agreement dated as of March 21, 2018,
and as further amended, restated, supplemented, or otherwise modified from time
to time, the “Credit Agreement”) among the Borrower, the Administrative Agent,
the Issuing Lender and the financial institutions party thereto as lenders from
time to time (the “Lenders”). Each term defined in the Credit Agreement and used
herein without definition shall have the meaning assigned to such term in the
Credit Agreement, unless expressly provided to the contrary.
B.     The parties hereto wish to, subject to the terms and conditions of this
Agreement, amend the Credit Agreement as set forth herein.
THEREFORE, the parties hereto hereby agree as follows:
Section 1.Defined Terms; Other Definitional Provisions. As used in this
Agreement, each of the terms defined in the opening paragraph and the Recitals
above shall have the meanings assigned to such terms therein. Article, Section,
Schedule, and Exhibit references are to Articles and Sections of and Schedules
and Exhibits to this Agreement, unless otherwise specified. The words “hereof”,
“herein”, and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement. The term “including” means “including, without
limitation,”. Paragraph headings have been inserted in this Agreement as a
matter of convenience for reference only and it is agreed that such paragraph
headings are not a part of this Agreement and shall not be used in the
interpretation of any provision of this Agreement.
Section 2.    Amendment to Credit Agreement.
(a)    Section 6.15(a)(ii)(B)(i) of the Credit Agreement is hereby amended to
replace the reference to “twenty-four calendar months” with a reference to
“thirty-six calendar months.”
(b)    Section 6.15(a)(ii)(B)(ii) of the Credit Agreement is hereby amended to
replace the reference to “thirty-six full calendar months” with a reference to
“twenty-four full calendar months.”
Section 3.    Representations and Warranties. Each Credit Party represents and
warrants that, as of the date hereof: (a) the representations and warranties of
such Credit Party contained in the Credit Agreement and in the other Credit
Documents are true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text
thereof) on and as of the Effective Date as if made on and as of such date,
except that any representation and warranty which by its terms is made as of a
specified date is true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text
thereof) only as of such specified date; (b) no Default has occurred and is
continuing; (c) the execution, delivery and performance of this Agreement are
within such Credit Party’s powers and have been duly authorized by all necessary
corporate, limited liability company, or partnership action; (d) this Agreement
constitutes the legal, valid, and binding obligation of such Credit Party
enforceable against such Credit Party in accordance with its terms, except

--------------------------------------------------------------------------------

as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or
similar laws affecting the rights of creditors generally and general principles
of equity whether applied by a court of law or equity; (e) the execution,
delivery and performance of this Agreement by such Credit Party do not require
any authorization or approval or other action by, or any notice or filing with,
any Governmental Authority other than those that have been obtained or provided
and other than filings delivered hereunder to perfect Liens created under the
Security Documents; and (f) the Liens under the Security Documents are valid and
subsisting and secure the obligations under the Credit Documents.
Section 4.    Conditions to Effectiveness. This Agreement shall become effective
on the Effective Date and enforceable against the parties hereto upon the
occurrence of the following conditions precedent:
(a)    The Administrative Agent shall have received multiple original
counterparts, as requested by the Administrative Agent, of this Agreement, duly
and validly executed and delivered by duly authorized officers of the Borrower,
the Guarantor, the Administrative Agent, the Issuing Lender, and the Lenders
constituting Majority Lenders.
(b)    The Borrower shall have paid to the Administrative Agent all reasonable
out-of-pocket costs and expenses that have been invoiced and are payable
pursuant to Section 10.1 of the Credit Agreement.
(c)    The Credit Parties shall have received any consents, licenses and
approvals required in accordance with applicable law, or in accordance with any
document, agreement, instrument or arrangement to which such Credit Party is a
party, in connection with the execution, delivery, performance, validity and
enforceability of this Agreement and the other Credit Documents.
(d)    No action, suit, investigation or other proceeding (including without
limitation, the enactment or promulgation of a statute or rule) by or before any
arbitrator or any Governmental Authority shall be threatened or pending and no
preliminary or permanent injunction or order by a state or federal court shall
have been entered (i) in connection with this Agreement, any other credit
agreement, or any transaction contemplated hereby or thereby or (ii) which could
reasonably be expected to result in a Material Adverse Change.
(e)    The Administrative Agent shall have received such other documents,
governmental certificates, agreements, and lien searches as the Administrative
Agent or any Lender may reasonably request.
Section 5.    Acknowledgments and Agreements.
(a)    Each Credit Party acknowledges that on the date hereof all outstanding
Secured Obligations are payable in accordance with their terms and each Credit
Party waives any set-off, counterclaim, recoupment, defense, or other right, in
each case, existing on the date hereof, with respect to such Secured
Obligations. Each party hereto does hereby adopt, ratify, and confirm the Credit
Agreement, as amended hereby, and acknowledges and agrees that the Credit
Agreement, as amended hereby, is and remains in full force and effect, and each
Credit Party acknowledges and agrees that its respective liabilities and
obligations under the Credit Agreement, as amended herby, and the other Credit
Documents are not impaired in any respect by this Agreement.
(b)    The Administrative Agent, the Issuing Lender, and the Lenders hereby
expressly reserve all of their rights, remedies, and claims under the Credit
Documents. Nothing in this Agreement shall constitute a waiver or relinquishment
of (i) any Default or Event of Default under any of the Credit Documents, (ii)
any of the agreements, terms or conditions contained in any of the Credit
Documents, (iii) any rights or remedies of the Administrative Agent, the Issuing
Lender, or any Lender with respect to the Credit Documents, or (iv) the rights
of the Administrative Agent, the Issuing Lender, or any Lender to collect the
full amounts owing to them under the Credit Documents.
(c)    This Agreement is a Credit Document for the purposes of the provisions of
the other Credit Documents. Without limiting the foregoing, any breach of
representations, warranties, and covenants under this Agreement shall be a
Default or Event of Default, as applicable, under the Credit Agreement.
Section 6.    Reaffirmation of the Guaranty. The Guarantor hereby ratifies,
confirms, acknowledges and agrees that its obligations under Article IX of the
Credit Agreement are in full force and effect and that the Guarantor

-2-

--------------------------------------------------------------------------------

continues to unconditionally and irrevocably guarantee the full and punctual
payment, when due, whether at stated maturity or earlier by acceleration or
otherwise, of all the Guaranteed Obligations (as defined in Section 9.1(a) of
the Credit Agreement), and its execution and delivery of this Agreement does not
indicate or establish an approval or consent requirement by the Guarantor under
Article IX of the Credit Agreement or otherwise, in connection with the
execution and delivery of amendments, consents or waivers to the Credit
Agreement or any of the other Credit Documents.
Section 7.    Reaffirmation of Liens. Each Credit Party (a) reaffirms the terms
of and its obligations (and the security interests granted by it) under each
Security Document to which it is a party, and agrees that each such Security
Document will continue in full force and effect to secure the Secured
Obligations as the same may be amended, supplemented, or otherwise modified from
time to time, and (b) acknowledges, represents, warrants and agrees that the
Liens and security interests granted by it pursuant to the Security Documents
are valid, enforceable and subsisting and create an Acceptable Security Interest
to secure the Secured Obligations.
Section 8.    Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page of this Agreement by facsimile or in electronic
(i.e., “pdf” or “tif”) format shall be effective as delivery of a manually
executed counterpart of this Agreement.
Section 9.    Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns permitted pursuant to the Credit Agreement.
Section 10.    Severability. In case one or more of the provisions of this
Agreement shall for any reason be invalid, illegal or unenforceable in any
respect under any applicable law, the validity, legality and enforceability of
the remaining provisions contained herein or in the other Credit Documents shall
not be affected or impaired thereby.
Section 11.    Governing Law. This Agreement shall be deemed to be a contract
made under and shall be governed by and construed in accordance with the laws of
the State of New York without regard to conflicts of laws principles (other than
Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New
York).
Section 12.    Entire Agreement. THIS AGREEMENT, THE CREDIT AGREEMENT, THE
NOTES, AND THE OTHER CREDIT DOCUMENTS CONSTITUTE THE ENTIRE UNDERSTANDING AMONG
THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY
PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
[The remainder of this page has been left blank intentionally.]

-3-

--------------------------------------------------------------------------------

EXECUTED to be effective as of the date first above written.
BORROWER:
 
 
 
 
 
 
 
JAGGED PEAK ENERGY LLC
 
 
 
 
 
 
By:
/s/ IAN T. PIPER
 
Name:
Ian T. Piper
 
Title:
Vice President, Finance & Corporate Planning
 
 
 
 
 
 
 
 
GUARANTOR:
 
 
 
 
 
 
 
JAGGED PEAK ENERGY INC.
 
 
 
 
 
 
By:
/s/ IAN T. PIPER
 
Name:
Ian T. Piper
 
Title:
Vice President, Finance & Corporate Planning

Signature Page to Amendment No. 3

--------------------------------------------------------------------------------

 
ADMINSTRATIVE AGENT/ISSUING
 
LENDER/LENDER:
 
 
 
 
 
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender,
and a Lender
  
 
 
 
 
By:
/s/ ZACHARY KRAMER
 
Name:
Zachary Kramer
 
Title:
Vice President

Signature Page to Amendment No. 3

--------------------------------------------------------------------------------

 
LENDERS:
 
 
 
 
 
FIFTH THIRD BANK, as a Lender
  
 
 
 
 
By:
/s/ JONATHAN H. LEE
 
Name:
Jonathan H. Lee
 
Title:
Director

Signature Page to Amendment No. 3

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
ABN AMRO CAPTIAL USA LLC, as a Lender
  
 
 
 
 
By:
/s/ DARRELL HOLLEY
 
Name:
Darrell Holley
 
Title:
Managing Director
 
 
 
 
 
 
 
 
 
By:
/s/ MICHAELA BRAUN
 
Name:
Michaela Braun
 
 
Title:
Director
 

Signature Page to Amendment No. 3

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
KEYBANK NATIONAL ASSOCIATION, as a Lender
  
 
 
 
 
By:
/s/ DAVID M. BORNSTEIN
 
Name:
David M. Bornstein
 
Title:
Senior Vice President

Signature Page to Amendment No. 3

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
FIRST TENNESSEE BANK NATIONAL ASSOCIATION, as a Lender
  
 
 
 
 
By:
/s/ KEVIN DUNLAP
 
Name:
Kevin Dunlap
 
Title:
Vice President

Signature Page to Amendment No. 3

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
CITIBANK, N.A., as a Lender
  
 
 
 
 
By:
/s/ CLIFF VAZ
 
Name:
Cliff Vaz
 
Title:
Vice President

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
JPMORGAN CHASE BANK, N.A., as a Lender
  
 
 
 
 
By:
/s/ DAVID MORRIS
 
Name:
David Morris
 
Title:
Authorized Officer

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
GOLDMAN SACHS BANK USA, as a Lender
  
 
 
 
 
By:
/s/ CHRIS LAM
 
Name:
Chris Lam
 
Title:
Authorized Signatory

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
UBS AG, STAMFORD BRANCH, as a Lender
  
 
 
 
 
By:
/s/ DARLENE ARIAS
 
Name:
Darlene Arias
 
Title:
Director
 
 
 
 
 
 
 
 
 
By:
/s/ HOUSSEM DALY
 
Name:
Houssem Daly
 
 
Title:
Associate Director
 

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
BMO HARRIS BANK N.A., as a Lender
  
 
 
 
 
By:
/s/ MELISSA GUZMANN
 
Name:
Melissa Guzmann
 
Title:
Director

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
ROYAL BANK OF CANADA, as a Lender
  
 
 
 
 
By:
/s/ KRISTAN SPIVEY
 
Name:
Kristen Spivey
 
Title:
Authorized Signatory

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
COMERICA BANK, as a Lender
  
 
 
 
 
By:
/s/ CASSANDRA M. LUCAS
 
Name:
Cassandra M. Lucas
 
Title:
Portfolio Manager

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
U.S. BANK NATIONAL ASSOCIATION, as a Lender
  
 
 
 
 
By:
/s/ JOHN C. LOZANO
 
Name:
John C. Lozano
 
Title:
Senior Vice President

Signature Page to Limited Consent and Agreement

--------------------------------------------------------------------------------

 
 
 
 
 
 
 
BOKF, NA, as a Lender
  
 
 
 
 
By:
/s/ BEN W. SUH
 
Name:
Ben W. Suh
 
Title:
Senior Vice President

Signature Page to Limited Consent and Agreement