Exhibit 10.1
Execution Version
SECOND AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT

This SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) dated as of January 14, 2019, is among Northern Oil and Gas, Inc.,
a Delaware corporation (the “Borrower”), each of the Lenders party hereto and
Royal Bank of Canada, as administrative agent for the Lenders (in such capacity,
together with its successors in such capacity, the “Administrative Agent”).
RECITALS
A. The Borrower, the Administrative Agent and the Lenders are party to that
certain Amended and Restated Credit Agreement dated as of October 5, 2018, as
amended by the First Amendment dated as of December 31, 2018 (as it may be
further amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), pursuant to which the
Lenders have made certain credit available to and on behalf of the Borrower.
B. The Borrower has requested, and the Administrative Agent and the Lenders
party hereto have agreed to, amend Section 9.16 of the Credit Agreement as more
fully set forth herein.
C. 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 Amendment, shall have the meaning
ascribed such term in the Credit Agreement after giving effect to this
Amendment. Unless otherwise indicated, all references to sections in this
Amendment refer to sections in the Credit Agreement as amended by this
Amendment.
Section 2. Amendments to Credit Agreement. The Credit Agreement is hereby
amended effective as of the Second Amendment Effective Date (as defined below)
by added the following new Section 9.16(e) as follows:
(e) For purposes of entering into or maintaining Swap Agreement trades or
transactions under Section 9.16(a) and Section 9.16(c), forecasts of reasonably
anticipated production from the Credit Parties’ proved Oil and Gas Properties as
set forth on the most recent Reserve Report delivered pursuant to the terms of
this Agreement shall be revised to account for any increase or decrease therein
anticipated based on information obtained by the Credit Parties and delivered to
the Technical Agents subsequent to the publication of such Reserve Report,
including the Credit Parties’ internal forecasts of production decline rates for
existing wells and additions to or deletions from anticipated future production
from new wells, completed acquisitions coming on stream or failing to come on
stream and Dispositions of Oil and Gas Properties; provided that (A) any such
supplemental information shall be in form and detail reasonably satisfactory to
the Technical Agents and (B) if any such supplemental information is delivered,
such information shall be presented on a net basis (i.e., it shall take into
account both increases and decreases in anticipated production subsequent to
publication of the most recent Reserve Report).

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Section 3. Conditions Precedent. This Amendment shall become effective on the
date, when each of the following conditions is satisfied (the “Second Amendment
Effective Date”):
3.1 The Administrative Agent shall have executed and received from Majority
Lenders and the Borrower, counterparts (in such number as may be requested by
the Administrative Agent) of this Amendment signed on behalf of each such
Person.
3.2 Immediately after giving effect to this Amendment, no Default, Event of
Default or Borrowing Base Deficiency shall have occurred and be continuing.
Section 4. Miscellaneous.
4.1 Confirmation. The Credit Agreement and each of the other Loan Documents, as
specifically amended by this Amendment, are and shall continue to be in full
force and effect and are hereby in all respects ratified and confirmed. The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any Lender or the Administrative Agent under any of the Loan Documents, nor
constitute a waiver of any provision of any of the Loan Documents. On and after
the Second Amendment Effective Date, this Amendment shall for all purposes
constitute a Loan Document.
4.2 Representations and Warranties. The Borrower hereby (a) acknowledges and
consents to the terms of this Amendment and (b) ratifies and affirms its
obligations under, and acknowledges its continued liability under, each Loan
Document and agrees that each Loan Document remains in full force and effect as
expressly amended, restated, supplemented or otherwise modified hereby or
otherwise in connection with a delivery made herewith and (c) represents and
warrants to the Administrative Agent and the Lenders that as of the date hereof,
after giving effect to the terms of this Amendment: (i) all of the
representations and warranties contained in each Loan Document are true and
correct in all material respects, except that (A) 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 in all material respects as of such specified earlier date and (B) to
the extent any such representation and warranty is qualified by materiality,
such representation and warranty (as so qualified) is true and correct in all
respects and (ii) no Default or Event of Default has occurred and is continuing.
4.3 Counterparts. This 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 constitute one and the same instrument. Delivery of an
executed counterpart of a signature page to this Amendment by telecopy,
facsimile or other electronic means (e.g., .pdf) shall be effective as delivery
of a manually executed counterpart hereof.
4.4 No Oral Agreement. This 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 AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 AND
SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT
REFERENCE TO ANY OTHER CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF.

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4.6 Payment of Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its reasonable and documented out-of-pocket
costs and expenses incurred in connection with this Amendment, any other
documents prepared in connection herewith and the transactions contemplated
hereby in accordance with Section 12.03 of the Credit Agreement.
4.7 Severability. Any provision of this 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 Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and permitted
assigns.
4.9 Miscellaneous. Section 12.09(b), (c) and (d) of the Credit Agreement shall
apply to this Amendment, mutatis mutandis.
[SIGNATURES BEGIN NEXT PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed effective as of the day and year first above written.

BORROWER:
NORTHERN OIL AND GAS, INC.

By: /s/ Nicholas O’Grady  
Name: Nicholas O’Grady
Title: Chief Financial Officer

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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ROYAL BANK OF CANADA,
as Administrative Agent

By: /s/ Rodica Dutka 
Name: Rodica Dutka
Title: Manager, Agency Services Group

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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ROYAL BANK OF CANADA,
as Issuing Bank and a Lender

By: /s/ Don J. McKinnerney   
Name: Don J. McKinnerney
Title: Authorized Signatory

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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WELLS FARGO BANK, NATIONAL
ASSOCIATION, as a Lender

By: /s/ Sarah Thomas 
Name: Sarah Thomas
Title: Director

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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CAPITAL ONE, NATIONAL ASSOCIATION
as a Lender

By: /s/ Scott Machey 
Name: Scott Machey
Title: Director

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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ABN AMRO CAPITAL USA LLC,
as a Lender

By: /s/ Beth Johnson 
Name: Beth Johnson
Title: Executive Director

By: /s/ Darrell Holley  
Name: Darrell Holley
Title: Managing Director

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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CADENCE BANK, N.A.,
as a Lender

By: /s/ Anthony Blanco 
Name: Anthony Blanco
Title: SVP

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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CATHAY BANK,
as a Lender

By: /s/ Stephen V Bacala II  
Name: Stephen V Bacala II
Title: Vice President

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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MORGAN STANLEY BANK, N.A.,
as a Lender

By: /s/ Jack Kuhns  
Name: Jack Kuhns
Title: Authorized Signatory

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.

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GOLDMAN SACHS LENDING
PARTNERS LLC, as a Lender

By: /s/ Jamie Minieri 
Name: Jamie Minieri
Title: Authorized Signatory

Signature Page to Second Amendment to Credit Agreement
Northern Oil and Gas, Inc.