Exhibit 10.1

First Amendment
to
Third Amended and Restated Credit Agreement
among
Legacy Reserves LP,
as Borrower,
The Guarantors,
                        
Wells Fargo Bank, National Association,
as Administrative Agent,
and
The Lenders Signatory Hereto
Dated as of April 17, 2014
Sole Lead Arranger and Sole Book Runner
Wells Fargo Securities, LLC

Syndication Agent
Compass Bank

Co-Documentation Agents
UBS Securities LLC
and
U.S. Bank National Association

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First Amendment to
Third Amended and Restated Credit Agreement
This First Amendment to Third Amended and Restated Credit Agreement (this “First
Amendment”) dated as of April 17, 2014, among Legacy Reserves LP, a limited
partnership duly formed under the laws of the State of Delaware (the
“Borrower”); each of the undersigned guarantors (the “Guarantors”, and together
with the Borrower, the “Obligors”); Wells Fargo Bank, National Association, as
administrative agent for the Lenders (in such capacity, together with its
successors, the “Administrative Agent”); and the Lenders signatory hereto.
Recitals
A.    The Borrower, the Administrative Agent and the Lenders are parties to that
certain Third Amended and Restated Credit Agreement dated as of April 1, 2014
(the “Credit Agreement”), pursuant to which the Lenders have made certain credit
available to and on behalf of the Borrower.
B.    The Guarantors are parties to that certain Third Amended and Restated
Guaranty Agreement dated as of April 1, 2014 made by each of the Guarantors (as
defined therein) in favor of the Administrative Agent (the “Guaranty”).
C.    The Borrower, the Guarantors, the Administrative Agent and the Lenders
have agreed to amend certain provisions of the Credit Agreement as more fully
set forth herein.
D.    NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
Section 1.    Defined Terms. Each capitalized term which is defined in the
Credit Agreement, but which is not defined in this First Amendment, shall have
the meaning ascribed such term in the Credit Agreement. Unless otherwise
indicated, all section references in this First Amendment refer to sections of
the Credit Agreement.
Section 2.    Amendments to Credit Agreement.

2.1    Amendments to Section 1.02.    

(a)    The definition of “Agreement” is hereby amended in its entirety to read
as follows:

“Agreement” means this Third Amended and Restated Credit Agreement, as amended
by the First Amendment, as the same may from time to time be amended, modified,
supplemented or restated.

(b)    The definition of “Available Cash” is hereby amended in its entirety to
read as follows:

“Available Cash” means, with respect to any fiscal month or fiscal quarter
ending prior to the Termination Date:

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(a)    the sum of (i) all cash and cash equivalents of the Borrower and its
Subsidiaries, treated as a single consolidated entity, on hand at the end of
such fiscal month or fiscal quarter; and (ii) all additional cash and cash
equivalents of the Borrower and its Subsidiaries on hand on the date of
determination of Available Cash with respect to such fiscal month or fiscal
quarter resulting from working capital borrowings (including borrowings under
this Agreement) made subsequent to the end of such fiscal month or fiscal
quarter, less
(b)    the amount of any cash reserves established by Legacy Reserves GP, LLC as
the general partner of the Borrower to (i) provide for the proper conduct of the
business of the Borrower and its Subsidiaries (including reserves for future
capital expenditures including drilling and acquisitions and for anticipated
future credit needs of the Borrower and its Subsidiaries), (ii) comply with
applicable law or any loan agreement, security agreement, mortgage, debt
instrument or other agreement or obligation to which the Borrower or an
Affiliate is a party or by which it is bound or its assets are subject or (iii)
provide funds for distributions with respect to any one or more of the next
twelve fiscal months or any one or more of the next four fiscal quarters;
provided, that disbursements made by the Borrower or its Subsidiaries or cash
reserves established, increased or reduced after the end of such fiscal month or
fiscal quarter but on or before the date of determination of Available Cash with
respect to such fiscal month or fiscal quarter shall be deemed to have been
made, established, increased or reduced, for purposes of determining Available
Cash, within such fiscal month or fiscal quarter if Legacy Reserves GP, LLC as
the general partner of the Borrower so determines.
(c)    The following definition is hereby added where alphabetically appropriate
to read as follows:

“First Amendment” means that certain First Amendment to Third Amended and
Restated Credit Agreement, dated as of April 17, 2014, among the Borrower, the
Guarantors, the Administrative Agent and the Lenders party thereto.

2.2    Amendment to Section 9.04(a)(iii). Section 9.04(a)(iii) is hereby amended
by deleting the reference to “quarterly”.

Section 3.    Conditions Precedent. This First Amendment shall not become
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 12.02 of the Credit Agreement) (the “First
Amendment Effective Date”):
3.1    The Administrative Agent shall have received from the Majority Lenders,
the Borrower and the Guarantors, counterparts (in such number as may be
requested by the Administrative Agent) of this First Amendment signed on behalf
of such Person.
3.2    The Administrative Agent and the Lenders shall have received all fees and
other amounts due and payable on or prior to the First Amendment Effective Date.
3.3    The Administrative Agent shall have received a certificate of the
Borrower setting forth the amended Partnership Agreement of the Borrower and
certifying the same as being true and complete.

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3.4    No Default shall have occurred and be continuing as of the First
Amendment Effective Date.
3.5    The Administrative Agent shall have received such other documents as the
Administrative Agent or its special counsel may reasonably require.
The Administrative Agent is hereby authorized and directed to declare this First
Amendment to be effective when it has received documents confirming or
certifying, to the satisfaction of the Administrative Agent, compliance with the
conditions set forth in this Section 3 or the waiver of such conditions as
permitted in Section 12.02 of the Credit Agreement. Such declaration shall be
final, conclusive and binding upon all parties to the Credit Agreement for all
purposes.
Section 4. Miscellaneous.
4.1    Confirmation.  The provisions of the Credit Agreement, as amended by this
First Amendment, shall remain in full force and effect following the
effectiveness of this First Amendment.
4.2    Ratification and Affirmation; Representations and Warranties.  Each
Obligor hereby (a) acknowledges the terms of this First Amendment; (b) ratifies
and affirms its obligations under, and acknowledges its continued liability
under, each Loan Document to which it is a party and agrees that each Loan
Document to which it is a party remains in full force and effect as expressly
amended hereby; (c) represents and warrants to the Lenders that as of the date
hereof, after giving effect to the terms of this First Amendment: (i) all of the
representations and warranties contained in each Loan Document to which it is a
party are true and correct, except to the extent any such representations and
warranties are expressly limited to an earlier date, in which case, such
representations and warranties shall continue to be true and correct as of such
specified earlier date, (ii) no Default or Event of Default has occurred and is
continuing and (iii) no event or events have occurred which individually or in
the aggregate could reasonably be expected to have a Material Adverse Effect;
and (d) agrees that from and after the First Amendment Effective Date each
reference to the Credit Agreement and in the other Loan Documents shall be
deemed to be a reference to the Credit Agreement, as amended by this First
Amendment.
4.3    Counterparts.  This First Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts, and all of such
counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of this First Amendment by telecopy, facsimile, email or
other electronic means shall be effective as delivery of a manually executed
counterpart hereof.
4.4    No Oral Agreement.  This First Amendment, the Credit Agreement and the
other Loan Documents executed in connection herewith and therewith represent the
final agreement between the parties and may not be contradicted by evidence of
prior, contemporaneous, or unwritten oral agreements of the parties. There are
no subsequent oral agreements between the parties.
4.5    GOVERNING LAW.  THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.

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4.6    Payment of Expenses.  In accordance with Section 12.03 of the Credit
Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for
all of its reasonable out-of-pocket costs and reasonable expenses incurred in
connection with this First Amendment, any other documents prepared in connection
herewith and the transactions contemplated hereby, including, without
limitation, the reasonable fees and disbursements of counsel to the
Administrative Agent.
4.7    Severability.  Any provision of this First Amendment which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.
4.8    Successors and Assigns.  This First Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.
[SIGNATURES BEGIN NEXT PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be
duly executed as of the date first written above.
BORROWER:
LEGACY RESERVES LP
 
 
 
 
 
 
 
 
By:
Legacy Reserves GP, LLC
 
 
 
 
its general partner
 
 
 
 
 
 
 
 
By:
/s/ James Daniel Westcott
 
 
 
Name:
James Daniel Westcott
 
 
 
Title:
Executive Vice President and Chief Financial Officer
 
 
 
 
 
 
GUARANTORS:
LEGACY RESERVES OPERATING LP
 
 
 
 
 
 
 
 
By:
Legacy Reserves Operating GP LLC, its general partner
 
 
 
By:
Legacy Reserves LP, its sole member
 
 
 
By:
Legacy Reserves GP, LLC, its general partner
 
 
 
 
 
 
 
 
By:
/s/ James Daniel Westcott
 
 
 
Name:
James Daniel Westcott
 
 
 
Title:
Executive Vice President and Chief Financial Officer
 
 
 
 
 
 
 
LEGACY RESERVES OPERATING GP LLC
 
 
 
 
 
 
 
 
By:
Legacy Reserves LP, its sole member
 
 
 
By:
Legacy Reserves GP, LLC, its general partner
 
 
 
 
 
 
 
 
By:
/s/ James Daniel Westcott
 
 
 
Name:
James Daniel Westcott
 
 
 
Title:
Executive Vice President and Chief Financial Officer
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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LEGACY RESERVES SERVICES, INC.
 
 
 
 
 
 
 
 
By:
/s/ James Daniel Westcott
 
 
 
Name:
James Daniel Westcott
 
 
 
Title:
Executive Vice President and Chief Financial Officer
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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ADMINISTRATIVE AGENT:
WELLS FARGO BANK, NATIONAL ASSOCIATION,
 
 
as Administrative Agent and a Lender
 
 
 
 
 
 
 
 
By:
/s/ Edward Pak
 
 
 
Name:
Edward Pak
 
 
 
Title:
Director
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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LENDERS:
COMPASS BANK
 
 
 
 
 
 
 
 
By:
/s/ Ian Payne
 
 
 
Name:
Ian Payne
 
 
 
Title:
Vice President
 
 
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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UBS AG, STAMFORD BRANCH
 
 
 
 
 
 
 
 
By:
/s/ Lana Gifas
 
 
 
Name:
Lana Gifas
 
 
 
Title:
Director
 
 
 
 
 
 
 
 
By:
/s/ Jennifer Anderson
 
 
 
Name:
Jennifer Anderson
 
 
 
Title:
Associate Director
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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U.S. BANK NATIONAL ASSOCIATION
 
 
 
 
 
 
 
 
By:
/s/ Nicholas T. Hanford
 
 
 
Name:
Nicholas T. Hanford
 
 
 
Title:
Vice President
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A.
 
 
 
 
 
 
 
 
By:
/s/ Joseph Scott
 
 
 
Name:
Joseph Scott
 
 
 
Title:
Director
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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ROYAL BANK OF CANADA
 
 
 
 
 
 
 
 
By:
/s/ Evans Swann, Jr.
 
 
 
Name:
Evans Swann, Jr.
 
 
 
Title:
Authorized Signatory
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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KEYBANK NATIONAL ASSOCIATION
 
 
 
 
 
 
 
 
By:
/s/ John Dravenstott
 
 
 
Name:
John Dravenstott
 
 
 
Title:
Vice President
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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UNION BANK, N.A.
 
 
 
 
 
 
 
 
By:
/s/ Lara Sorokolit
 
 
 
Name:
Lara Sorokolit
 
 
 
Title:
Vice President
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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JPMORGAN CHASE BANK, N.A.
 
 
 
 
 
 
 
 
By:
/s/ David Morris
 
 
 
Name:
David Morris
 
 
 
Title:
Authorized Officer
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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BMO HARRIS FINANCING, INC.
 
 
 
 
 
 
 
 
By:
/s/ Gumaro Tijerina
 
 
 
Name:
Gumaro Tijerina
 
 
 
Title:
Managing Director
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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BARCLAYS BANK PLC
 
 
 
 
 
 
 
 
By:
/s/ Nina Guinchard
 
 
 
Name:
Nina Guinchard
 
 
 
Title:
Assistant Vice Presient
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
 
 
 
 
 
 
 
 
By:
/s/ Michael Willis
 
 
 
Name:
Michael Willis
 
 
 
Title:
Managing Director
 
 
 
 
 
 
 
 
By:
/s/ Dixon Schulz
 
 
 
Name:
Dixon Schulz
 
 
 
Title:
Managing Director
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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CITIBANK, N.A.
 
 
 
 
 
 
 
 
By:
/s/ Eamon Baqui
 
 
 
Name:
Eamon Baqui
 
 
 
Title:
Vice President
 
 
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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SOCIETE GENERALE
 
 
 
 
 
 
 
 
By:
/s/ David Bornstein
 
 
 
Name:
David Bornstein
 
 
 
Title:
Director
 
 
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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BRANCH BANKING AND TRUST COMPANY
 
 
 
 
 
 
 
 
By:
/s/ James Giordano
 
 
 
Name:
James Giordano
 
 
 
Title:
Vice President
 
 
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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WEST TEXAS NATIONAL BANK
 
 
 
 
 
 
 
 
By:
/s/ Chris Whigham
 
 
 
Name:
Chris Whigham
 
 
 
Title:
Senior VP
 
 
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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SANTANDER BANK, N.A.
 
 
 
 
 
 
 
 
By:
/s/ Aidan Lanigan
 
 
 
Name:
Aidan Lanigan
 
 
 
Title:
Senior Vice President
 
 
 
 
 
 
 
 
By:
/s/ Gilbert Torres
 
 
 
Name:
Gilbert Torres
 
 
 
Title:
Senior Vice President
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement

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TEXAS CAPITAL BANK, N.A.
 
 
 
 
 
 
 
 
By:
/s/ Frank K. Stowers
 
 
 
Name:
Frank K. Stowers
 
 
 
Title:
Senior Vice President
 
 
 
 
 
 

Signature Page
First Amendment to Third Amended and Restated Credit Agreement