Exhibit 10.1

Ares Management LLC

1999 Avenue of the Stars, Suite 1900

Los Angeles, California 90067

March 28, 2014

EXCO Resources, Inc.

12377 Merit Drive, Suite 1700

Dallas, TX 75251

 

  Re: Termination of Board Designee to the Board of Directors

Ladies and Gentlemen:

Reference is made to that certain side letter dated March 28, 2007 (the “Side
Letter”), regarding the nomination of designee to the Board of Directors of EXCO
Resources, Inc. (“EXCO”), by and among EXCO, Ares Corporate Opportunities Fund,
L.P., ACOF EXCO, L.P., ACOF EXCO 892 Investors, L.P., Ares Corporate
Opportunities Fund II, L.P., Ares EXCO, L.P., and Ares EXCO 892 Investors, L.P.

Effective as of the date hereof, the parties to the Side Letter hereby
acknowledge and agree that the Side Letter is hereby terminated and of no
further force or effect.

[Signature page follows.]

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If the foregoing accurately sets forth our understanding, please acknowledge by
signing in the space provided below.

Sincerely,

 

ARES CORPORATE OPPORTUNITIES FUND, L.P.  

BY: ACOF OPERATING MANAGER, L.P.

Its Manager

    By:  

/s/ Naseem Sagati

    Name:   Naseem Sagati     Title:   Authorized Signatory ACOF EXCO, L.P.  
BY: ACOF MANAGEMENT, L.P.   Its General Partner    

BY: ACOF OPERATING

MANAGER, L.P.

    Its General Partner     By:  

/s/ Naseem Sagati

    Name:   Naseem Sagati     Title:   Authorized Signatory ACOF EXCO 892
INVESTORS, L.P.   BY: ACOF MANAGEMENT, L.P.   Its General Partner    

BY: ACOF OPERATING

MANAGER, L.P.

    Its General Partner     By:  

/s/ Naseem Sagati

    Name:   Naseem Sagati     Title:   Authorized Signatory ARES CORPORATE
OPPORTUNITIES FUND II, L.P.   BY: ACOF OPERATING MANAGER II, L.P. Its Manager  
  By:  

/s/ Naseem Sagati

    Name:   Naseem Sagati     Title:   Authorized Signatory

[Signature page to side letter]

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ARES EXCO, L.P.   BY: ACOF MANAGEMENT II, L.P.   Its General Partner    

BY: ACOF OPERATING

MANAGER II, L.P.

    Its General Partner     By:  

/s/ Naseem Sagati

    Name:   Naseem Sagati     Title:   Authorized Signatory ARES EXCO 892
INVESTORS, L.P.   BY: ACOF MANAGEMENT II, L.P.   Its General Partner    

BY: ACOF OPERATING

MANAGER II, L.P.

    Its General Partner     By:  

/s/ Naseem Sagati

    Name:   Naseem Sagati     Title:   Authorized Signatory

Agreed and Accepted as of the date

set forth above:

EXCO RESOURCES, INC.

 

By:  

/s/ William L. Boeing

Name:   William L. Boeing Title:   Vice President and General Counsel

[Signature page to side letter]