Exhibit 10.1
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
     THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (herein
called the “Amendment”) made as of December 9, 2009 by and among Encore
Acquisition Company, a Delaware corporation (the “Borrower”), Encore Operating,
L.P., a Texas limited partnership (“Operating”), Bank of America, N.A., as
Administrative Agent (the “Administrative Agent”) and L/C Issuer (the “L/C
Issuer”), and the Lenders party to the Original Agreement defined below (the
“Lenders”).
W I T N E S S E T H:
     WHEREAS, the Borrower, Operating, the Administrative Agent, the L/C Issuer,
the Co-Syndication Agents and Co-Documentation Agents named therein and the
Lenders are party to that certain Amended and Restated Credit Agreement dated as
of March 7, 2007 (as heretofore amended, the “Original Agreement”), for the
purpose and consideration therein expressed, whereby the L/C Issuer became
obligated to issue Letters of Credit to the Borrower and the Lenders became
obligated to make loans to the Borrower as therein provided; and
     WHEREAS, the Borrower, Operating, the Administrative Agent, the L/C Issuer
and the Lenders party hereto desire to amend the Original Agreement as set forth
herein;
     NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein and in the Original Agreement, in consideration
of the loans and other credit which may hereafter be made by the Lenders and the
L/C Issuer to the Borrower, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto do
hereby agree as follows:
ARTICLE I.
DEFINITIONS AND REFERENCES
     Section 1.1. Terms Defined in the Original Agreement. Unless the context
otherwise requires or unless otherwise expressly defined herein, the terms
defined in the Original Agreement shall have the same meanings whenever used in
this Amendment.
     Section 1.2. Other Defined Terms. Unless the context otherwise requires,
the following terms when used in this Amendment shall have the meanings assigned
to them in this Section 1.2.
     “Amendment” means this Fourth Amendment to Amended and Restated Credit
Agreement.
     “Amendment Documents” means this Amendment, the Consent and Agreement of
the Guarantors relating to this Amendment and all other documents or instruments
delivered in connection herewith or therewith.
     “Credit Agreement” means the Original Agreement as amended hereby.
[Fourth Amendment to Amended and Restated Credit Agreement]

 

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ARTICLE II.
AMENDMENT TO ORIGINAL AGREEMENT
     Section 2.1. Amendment to Schedule. Schedule 2.01 of the Original Agreement
is hereby amended in its entirety and replaced with Schedule 2.01 attached
hereto.
     Section 2.2. Borrowing Base. The Borrower, the Administrative Agent and the
Lenders agree that from the Effective Date (as defined below) until the next
redetermination or adjustment thereof, the Borrowing Base shall be $925,000,000.
ARTICLE III.
CONDITIONS OF EFFECTIVENESS
     Section 3.1. Conditions to Effectiveness of Amendment. This Amendment shall
become effective when and only when the Administrative Agent shall have received
executed counterparts of this Amendment (or a consent to this Amendment) from
one hundred percent (100%) of the Lenders and the following conditions precedent
has been satisfied (the date such conditions are so satisfied herein called the
“Effective Date”):
     (a) The Administrative Agent’s receipt of the following, each of which
shall be originals or telecopies (followed promptly by originals) unless
otherwise specified, each properly executed by a Responsible Officer of the
signing Credit Party, each dated the Effective Date (or, in the case of
certificates of governmental officials, a recent date before the Effective Date)
and each in form and substance satisfactory to the Administrative Agent:
     (i) counterparts of the Amendment Documents executed by the applicable
Credit Parties sufficient in number for distribution to the Administrative Agent
and the Borrower;
     (ii) a certificate on behalf of each Credit Party certifying that none of
the resolutions, incumbency certificates, organizational documents and/or
certificates of Responsible Officers of each Credit Party as the Administrative
Agent has previously required evidencing the identity, authority and capacity of
each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with the Loan Documents to which such Credit Party is a party have
been amended or are otherwise inaccurate since they were delivered.
     (b) Any fees required to be paid on or before the Effective Date shall have
been paid.
     (c) Unless waived by the Administrative Agent, the Borrower shall have paid
all fees, charges and disbursements of counsel to the Administrative Agent to
the extent invoiced prior to or on the Effective Date, plus such additional
amounts of such fees, charges and disbursements as shall constitute its
reasonable estimate of such fees, charges and disbursements incurred or to be
incurred by it through the closing proceedings (provided that such estimate
shall not thereafter preclude a final settling of accounts between the Borrower
and the Administrative Agent).
[Fourth Amendment to Amended and Restated Credit Agreement]

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ARTICLE IV.
REPRESENTATIONS AND WARRANTIES
     Section 4.1. Representations and Warranties. In order to induce the L/C
Issuer and each Lender to enter into this Amendment, the Borrower and Operating
represent and warrant to the L/C Issuer and each Lender that the representations
and warranties contained in Article V of the Original Agreement or any other
Loan Document are true and correct in all material respects on the Effective
Date (including, for all purposes, after giving effect to the Amendment
Documents as “Loan Documents” referred to therein), except to the extent such
representations and warranties specifically refer to an earlier date, in which
case they are true and correct as of such earlier date, and except for purposes
of this Amendment, the representations and warranties contained in subsections
(a) and (b) of Section 5.04 of the Credit Agreement shall be deemed to refer to
the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01 of the Credit Agreement.
ARTICLE V.
MISCELLANEOUS
     Section 5.1. Ratification of Agreements. The Original Agreement as hereby
amended is hereby ratified and confirmed in all respects. The other Loan
Documents, as they may be amended or affected by the various Amendment
Documents, are hereby ratified and confirmed in all respects. Any reference to
the Credit Agreement in any Loan Document shall be deemed to be a reference to
the Original Agreement as hereby amended. The execution, delivery and
effectiveness of this Amendment and the other Amendment Documents shall not,
except as expressly provided herein or therein, operate as a waiver of any
right, power or remedy of the Administrative Agent or the Lenders under the
Credit Agreement, or any other Loan Document nor constitute a waiver of any
provision of the Credit Agreement, or any other Loan Document.
     Section 5.2. Survival of Agreements. All representations, warranties,
covenants and agreements of any Loan Party herein shall survive the execution
and delivery of this Amendment and the performance hereof, and shall further
survive until all of the Obligations are paid in full. All statements and
agreements contained in any certificate or instrument delivered by any Loan
Party hereunder or under the Credit Agreement to the Administrative Agent or any
Lender shall be deemed to constitute representations and warranties by, and/or
agreements and covenants of such Loan Party under this Amendment and under the
Credit Agreement.
     Section 5.3. Provisions Relating to Commitments. From and after the
Effective Date, the Lenders shall have the respective Commitments as set forth
on Schedule 2.01 attached hereto as Exhibit A. The Lenders and the Borrower
hereby authorize the Administrative Agent to request borrowings from the
Lenders, to make prepayments of Loans and to reduce commitments under the Credit
Agreement among the Lenders in order to ensure that, upon the effectiveness of
this Amendment, the Loans of the Lenders shall be outstanding on a ratable basis
in accordance with their respective Applicable Percentages (after giving effect
to this Amendment) and that the Commitments shall be as set forth on
Schedule 2.01 as amended hereby and no such borrowing,
[Fourth Amendment to Amended and Restated Credit Agreement]

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prepayment or reduction shall violate any provisions of the Credit Agreement or
this Amendment. The Lenders hereby confirm that, from and after the Effective
Date, all participations of the Lenders in respect of Letters of Credit
outstanding hereunder pursuant to Section 2.03(c) shall be based upon the
Applicable Percentages of the Lenders (after giving effect to this Amendment).
     Section 5.4. Loan Documents. This Amendment is and the other Amendment
Documents are each a Loan Document, and all provisions in the Credit Agreement
pertaining to Loan Documents apply hereto and thereto.
     Section 5.5. Governing Law. This Amendment shall be governed by and
construed in accordance with the Laws applicable to the Credit Agreement.
     Section 5.6. Counterparts; Fax. This Amendment may be separately executed
in counterparts and by the different parties hereto in separate counterparts,
each of which when so executed shall be deemed to constitute one and the same
Amendment. This Amendment and the other Amendment Documents may be validly
executed by facsimile or other electronic transmission.
     THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.
[The remainder of this page has been intentionally left blank.]
[Fourth Amendment to Amended and Restated Credit Agreement]

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     IN WITNESS WHEREOF, this Amendment is executed as of the date first above
written.

            ENCORE ACQUISITION COMPANY
 
     
 
  By:  /s/ Robert C. Reeves
 
     
 
    Robert C. Reeves,
 
    Senior Vice President, Chief Financial Officer and Treasurer
 
            ENCORE OPERATING, L.P.
 
  By: EAP Operating, LLC., its sole general partner
 
       
 
  By: /s/ Robert C. Reeves
 
     
 
    Robert C. Reeves,
 
    Senior Vice President, Chief Financial Officer and Treasurer

[Signature Page to Forth Amendment to Credit Agreement]

 

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  BANK OF AMERICA, N.A.,
as Administrative Agent, L/C Issuer and a Lender
 
   
 
     
 
  By:  /s/ Jeffrey H. Rathkamp
 
     
 
    Jeffrey H. Rathkamp
 
    Managing Director

[Signature Page to Forth Amendment to Credit Agreement]

 

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            WACHOVIA BANK, N.A.,
as a Lender         By:   /s/ Charles D. Kirkham         Name:   Charles D.
Kirkham        Title:   Senior Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            FORTIS CAPITAL CORP.,
as a Lender         By:   /s/ Michaela Braun         Name:   Michaela Braun     
  Title:   Vice President              By:   /s/ Chad Clark         Name:   Chad
Clark        Title:   Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            BNP PARIBAS,
as a Lender
        By:   /s/ Edward Pak         Name:   Edward Pak        Title:   Vice
President              By:   /s/ Greg Smothers         Name:   Greg Smothers   
    Title:   Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            CALYON NEW YORK BRANCH,
as a Lender           By:   /s/ Tom Byargeon         Name:   Tom Byargeon       
Title:   Managing Director              By:   /s/ Sharada Manne         Name:  
Sharada Manne        Title:   Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            BMO CAPITAL MARKETS FINANCING, INC.,
as a Lender
        By:   /s/ James Whitmore         Name:   James Whitmore        Title:  
Managing Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            GE BUSINESS FINANCIAL SERVICES INC.
FKA MERRILL LYNCH BUSINESS FINANCIAL SERVICES,
as a Lender           By:   /s/ Carl Peterson         Name:   Carl Peterson     
  Title:   Authorized Signatory     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            GENERAL ELECTRIC CAPITAL CORPORATION,
as a Lender           By:   /s/ Carl Peterson         Name:   Carl Peterson     
  Title:   Authorized Signatory     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            THE ROYAL BANK OF SCOTLAND plc,
as a Lender           By:   /s/ Lucy Walker         Lucy Walker        Vice
President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            SUNTRUST BANK,
as a Lender           By:   /s/ Yann Pirio         Name:   Yann Pirio       
Title:   Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            ALLIED IRISH BANKS PLC,
as a Lender           By:   /s/ Vaughn Buck         Name:   Vaughn Buck       
Title:   Director              By:   /s/ David O’Driscoll         Name:   David
O’Driscoll        Title:   Assistant Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            SCOTIABANC INC.,
as a Lender           By:   /s/ J.F. Todd         Name:   J.F. Todd       
Title:   Managing Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            COMERICA BANK,
as a Lender           By:   /s/ V. Mark Fuqua         Name:   V. Mark Fuqua     
  Title:   Senior Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            KEYBANK NATIONAL ASSOCIATION,
as a Lender           By:   /s/ Angela McCracken         Name:   Angela
McCracken        Title:   Senior Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            MIZUHO CORPORATE BANK, LTD.,
as a Lender           By:   /s/ Leon Mo         Name:   Leon Mo        Title:  
Authorized Signatory     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            NATIXIS, as a Lender
        By:   /s/ Liana Tchernysheva         Liana Tchernysheva        Director 
            By:   /s/ Timothy Polvado         Timothy Polvado        Managing
Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            SUMITOMO MITSUI BANKING CORPORATION,
as a Lender           By:   /s/ William M. Ginn         Name:   William M. Ginn 
      Title:   General Manager     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            WELLS FARGO BANK, N.A., as a Lender
        By:   /s/ Charles D. Kirkham         Name:   Charles D. Kirkham       
Title:   Senior Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            BANK OF SCOTLAND, as a Lender
        By:   /s/ Julia R. Franklin         Name:   Julia R. Franklin       
Title:   Assistant Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            U.S. BANK NATIONAL ASSOCIATION,
as a Lender
        By:   /s/ Daria Mahoney         Name:   Daria Mahoney        Title:  
Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            DNB NOR BANK ASA, as a Lender
        By:   /s/ Philip F. Kurpiewski         Name:   Philip F. Kurpiewski     
  Title:   Senior Vice President              By:   /s/ Kristin Riise        
Name:   Kristin Riise        Title:   First Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            UNION BANK, N.A., as a Lender
        By:   /s/ Alison Fuqua         Name:   Alison Fuqua        Title:  
Assistant Vice President              By:   /s/ Whitney Randolph         Name:  
Whitney Randolph        Title:   Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            JPMORGAN CHASE BANK, N.A., as a Lender
        By:   /s/ Michael A. Kamauf         Name:   Michael A. Kamauf       
Title:   Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            THE FROST NATIONAL BANK, as a Lender
        By:   /s/ Alex G. Zemkoski         Name:   Alex G. Zemkoski       
Title:   Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            ROYAL BANK OF CANADA, as a Lender
        By:   /s/ Don J. McKinnerney         Name:   Don J. McKinnerney       
Title:   Authorized Signatory     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            WESTLB AG, NEW YORK BRANCH,
as a Lender           By:   /s/ Ian Schottlaender         Name:  Ian
Schottlaender        Title:  Managing Director              By:   /s/ Philip
Juskowicz         Name:  Philip Juskowicz, CFA        Title:  Associate
Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            COMPASS BANK, as a Lender
        By:   /s/ Christopher S. Parada         Name:   Christopher S. Parada   
    Title:   Senior Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            MIDFIRST BANK, as a Lender
        By:   /s/ Shawn D. Brewer         Name:   Shawn D. Brewer       
Title:   Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            UBS LOAN FINANCE LLC, as a Lender
        By:   /s/ Mary E. Evans         Name:   Mary E. Evans        Title:  
Associate Director              By:   /s/ Irja R. Otsa         Name:   Irja R.
Otsa        Title:   Associate Director     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            RZB FINANCE LLC, as a Lender
        By:   /s/ Shirley Ritch         Name:   Shirley Ritch        Title:  
Vice President              By:   /s/ Nicolas M. Moriatis         Name:  
Nicolas M. Moriatis        Title:   Chief Financial Officer     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            STERLING BANK, as a Lender
        By:   /s/ Jeff Forbis         Name:   Jeff Forbis        Title:   Senior
Vice President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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            CAPITAL ONE, N.A., as a Lender
        By:   /s/ Nancy M. Mak         Name:   Nancy M. Mak        Title:   Vice
President     

[Signature Page to Fourth Amendment to Credit Agreement]

 

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[Fourth Amendment]
Consent and Agreement to Fourth Amendment to
Amended and Restated Credit Agreement dated as of December 9, 2009
     The undersigned each hereby (a) consents to the provisions of the Fourth
Amendment and the transactions contemplated herein and hereby, (b) ratifies and
confirms the Amended and Restated Guaranty dated as of March 7, 2007 made by it
in favor of Bank of America, N.A., as the Administrative Agent, as such Guaranty
has been supplemented, and the other Loan Documents to which it is a party and
(c) agrees that its obligations and covenants under the Loan Documents are
unimpaired hereby and shall remain in full force and effect.

            EAP OPERATING, LLC
      By:   /s/ Robert C. Reeves         Robert C. Reeves        Senior Vice
President,
Chief Financial Officer, and Treasurer        ENCORE OPERATING LOUISIANA, LLC
      By:   /s/ Andrea Hunter         Andrea Hunter        Vice President,
Treasurer, and Secretary
    EAP PROPERTIES, INC. 
      By:   /s/ Robert C. Reeves         Robert C. Reeves        Senior Vice
President,
Chief Financial Officer, and Treasurer     

[Consent and Agreement]

 

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SCHEDULE 2.01
COMMITMENTS
AND APPLICABLE PERCENTAGES

                              Applicable   Lender   Commitment     Percentage  
Bank of America, N.A.
  $ 78,184,728       6.254778240 %
Wachovia Bank, N.A.
  $ 62,272,727       4.981818160 %
Fortis Capital Corp.
  $ 62,272,727       4.981818160 %
BNP Paribas
  $ 62,272,727       4.981818160 %
Calyon New York Branch
  $ 65,675,676       5.254054080 %
General Electric Capital Corporation
  $ 28,773,115       2.301849200 %
GE Business Financial Services, Inc.
  $ 28,773,115       2.301849200 %
Comerica Bank
  $ 43,624,402       3.489952160 %
DnB NOR Bank ASA
  $ 49,043,385       3.923470800 %
Sumitomo Mitsui Banking Corp.
  $ 43,624,402       3.489952160 %
Union Bank, N.A.
  $ 43,624,402       3.489952160 %
U.S. Bank National Association
  $ 43,624,402       3.489952160 %
Wells Fargo Bank, N.A.
  $ 43,624,402       3.489952160 %
Compass Bank
  $ 40,980,861       3.278468880 %
Bank of Scotland
  $ 40,789,474       3.263157920 %
Natixis
  $ 40,789,474       3.263157920 %
The Royal Bank of Scotland plc
  $ 36,379,801       2.910384080 %
SunTrust Bank
  $ 43,136,558       3.450924640 %
Scotiabanc Inc.
  $ 36,379,801       2.910384080 %
Mizuho Corporate Bank, Ltd.
  $ 30,405,405       2.432432400 %
The Frost National Bank
  $ 32,458,134       2.596650720 %
Royal Bank of Canada
  $ 32,458,134       2.596650720 %
Allied Irish Bank plc
  $ 28,773,115       2.301849200 %
BMO Capital Markets Financing, Inc.
  $ 28,773,115       2.301849200 %
KeyBank National Association
  $ 28,773,115       2.301849200 %
JPMorgan Chase Bank, N.A.
  $ 54,018,492       4.321479360 %
WestLB AG, New York Branch
  $ 21,347,795       1.707823600 %
MidFirst Bank
  $ 6,756,757       0.540540560 %
UBS Loan Finance LLC
  $ 18,776,671       1.502133680 %
Sterling Bank
  $ 21,052,632       1.684210560 %
RZB Finance LLC
  $ 18,776,671       1.502133680 %
Capital One, N.A.
  $ 33,783,785       2.702702800 %
 
           
Total
  $ 1,250,000,000       100.000000000 %
 
           

[Exhibit A — Schedule 2.01]