Exhibit 10.29

ROYAL BANK OF CANADA

Agency Services Group
4th Floor, 20 King Street West
Toronto, Ontario M5H 1C4

Canada

 

December 9, 2016

 

Sanchez Energy Corporation

1000 Main Street

Suite 3000

Houston, TX 77002

 

Re:

Fall 2016 Borrowing Base Redetermination

Ladies and Gentlemen:

 

Reference is made to the Second Amended and Restated Credit Agreement dated as
of June 30, 2014 among Sanchez Energy Corporation, as borrower, Royal Bank of
Canada, as administrative agent, and others, as amended from time to time (the
“Agreement”; capitalized terms used and not defined in this letter have the
meanings specified in the Agreement).

 

In connection with the Fall 2016 redetermination of the Borrowing Base, this
will confirm that the Administrative Agent and Required Lenders have agreed to
maintain the $350,000,000 Borrowing Base in effect prior to the current
redetermination; provided,  however, the Borrowing Base will be automatically
reduced to $300,000,000 (a) if the Administrative Agent shall so notify the
Borrower on February 1, 2017 or (b) without further action by, or notice to, any
Lender or Loan Party if the Borrower takes any action to increase the existing
$300,000,000 Aggregate Elected Commitment Amount prior to the Spring 2017
Borrowing Base redetermination becoming effective.

 

Please indicate your acceptance of the terms of this letter by signing in the
space provided below.

 

Very truly yours,

ROYAL BANK OF CANADA,

as Administrative Agent

 

 

By: /s/ Susan Khokher

Name: Susan Khokher

Title: Manager, Agency

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AGREED AND ACCEPTED:

SANCHEZ ENERGY CORPORATION,

on behalf of itself and each other Loan Party

 

 

By:/s/ Antonio R. Sanchez, III

Name: Antonio R. Sanchez, III

Title: Chief Executive Officer

 

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