EXHIBIT 10.1

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT AND SECOND AMENDMENT TO TENTH
RESTATED CREDIT AGREEMENT
dated as of December 7, 2018
among
Chaparral Energy, Inc.,
as Borrower,
Royal Bank of Canada,
as Administrative Agent,
and
The Lenders Party Hereto
______________________________
RBC Capital Markets, as
Joint Lead Arranger and Joint Bookrunner
Capital One, National Association, Natixis, New York Branch,
KeyBank National Association and Société Générale, as
Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents
Bank of America, N.A. and The Toronto-Dominion Bank, New York Branch, as
Joint Lead Arrangers, Joint Bookrunners and Co-Documentation Agents

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RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT AND SECOND AMENDMENT TO TENTH
RESTATED CREDIT AGREEMENT

This Resignation, Consent and Appointment Agreement and Second Amendment to
Tenth Restated Credit Agreement (this “Second Amendment”) is effective as of
December 7, 2018 (the “Second Amendment Effective Date”), by and among CHAPARRAL
ENERGY, INC., a Delaware corporation (the “Borrower”), each Guarantor party
hereto (the “Guarantors”), JPMORGAN CHASE BANK, N.A., a national banking
association (“JPMorgan”), as Administrative Agent (in such capacity, the
“Existing Agent”), and in its capacity as Issuing Bank, each of the Lenders
party hereto, the Successor Agent (as defined below) and the Successor Issuing
Bank (as defined below).

W I T N E S S E T H:

WHEREAS, the Existing Agent serves as Administrative Agent under (a) the Tenth
Restated Credit Agreement dated as of December 21, 2017 (as amended, restated,
supplemented or otherwise modified prior to the date hereof, the “Credit
Agreement”), by and among the Borrower, the Existing Agent and the other
financial institutions party thereto (unless otherwise defined herein, all terms
used herein with their initial letter capitalized shall have the meanings given
such terms in the Credit Agreement), and (b) the other Loan Documents (as
defined in the Credit Agreement);

WHEREAS, the Existing Agent desires to resign as Administrative Agent under the
Credit Agreement, the other Loan Documents (as defined in the Credit Agreement)
and any other documents referred to in the Credit Agreement as to which the
Existing Agent is acting as an administrative agent thereunder (collectively, as
amended, restated, supplemented or otherwise modified, the “Loan Documents”);

WHEREAS, the Majority Lenders, having consulted with the Borrower, by entering
into this Second Amendment, desire to appoint Royal Bank of Canada (“RBC”) as
successor Administrative Agent (in such capacity, the “Successor Agent”) under
the Credit Agreement and the other Loan Documents, and the Successor Agent, by
entering into this Second Amendment, accepts such appointment;

WHEREAS, JPMorgan serves as Issuing Bank (the “Existing Issuing Bank”) under the
Credit Agreement and desires to resign as Issuing Bank thereunder;

WHEREAS, the Borrower and the Successor Agent, by entering into this Second
Amendment, are consenting to the appointment of RBC as a successor Issuing Bank
(in such capacity, the “Successor Issuing Bank”) under the Credit Agreement and
the Successor Issuing Bank, by entering into this Second Amendment, accepts such
appointment;

WHEREAS, JPMorgan, Citibank, N.A., Fifth Third Bank, Associated Bank, N.A.,
Texas Capital Bank, National Association and BMO Harris National Association are
each Lenders (the “Exiting Lenders”) under the Credit Agreement and no longer
wish to be Lenders under the Credit Agreement and have requested that their
Maximum Revolving Credit Amounts be allocated to the other Lenders as shown on
Annex I to the Credit Agreement (as amended by this Second Amendment);

WHEREAS, the parties hereto desire to enter into this Second Amendment to (a)
effect the resignation of the Existing Agent as Administrative Agent under the
Credit Agreement and the other

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Loan Documents, and appoint the Successor Agent as Administrative Agent under
the Credit Agreement and the other Loan Documents, (b) effect the resignation of
the Existing Issuing Bank as Issuing Bank under the Credit Agreement and the
other Loan Documents, and appoint the Successor Issuing Bank as Issuing Bank
under the Credit Agreement and the other Loan Documents, (c) amend Annex I of
the Credit Agreement to reflect the exit of the Exiting Lenders from the Credit
Agreement, the increase of the Aggregate Maximum Revolving Credit Amounts, and
the reallocation of the Lenders’ Maximum Revolving Credit Amounts, upon the
terms and conditions set forth herein and to be effective as of the Second
Amendment Effective Date, (d) evidence the increase of the Borrowing Base from
$265,000,000 to $325,000,000, and (e) make certain other amendments to the
Credit Agreement as more specifically set forth herein, in each case, to be
effective on the Second Amendment Effective Date.

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and confessed, the parties hereto
hereby agree as follows:

Section 1.Resignation, Consent and Appointment.
(a)As of the Second Amendment Effective Date, (i) the Existing Agent hereby
resigns as the Administrative Agent as provided under the Credit Agreement and
shall have no further rights or obligations in such capacity under the Credit
Agreement and the other Loan Documents, except to the extent of any right or
obligation expressly stated in the Credit Agreement or other Loan Documents as
surviving any such resignation; (ii) the Majority Lenders appoint RBC as
successor Administrative Agent under the Credit Agreement and the other Loan
Documents, and the Borrower hereby consents to such appointment; (iii) RBC
hereby accepts its appointment as Successor Agent under the Credit Agreement and
the other Loan Documents; and (iv) the parties hereto authorize each of the
Existing Agent and the Successor Agent to prepare, enter into, execute, record
and/or file any and all notices, certificates, instruments, Uniform Commercial
Code financing statements and/or other documents or agreements (including,
without limitation, filings in respect of any collateral, and assignments,
amendments or supplements to any Uniform Commercial Code financing statements,
mortgages, deeds of trust, security agreements, pledge agreements, intellectual
property security agreements, certificates of title, stock powers, account
control agreements, intercreditor agreements, or other Loan Documents), as
either the Existing Agent or the Successor Agent deems reasonably necessary or
desirable to effect or evidence (of public record or otherwise) the transactions
herein contemplated, including, but not limited to, the resignation of the
Existing Agent and the appointment of the Successor Agent and any amendments to
the Credit Agreement and Loan Documents set forth herein, and to maintain the
validity, perfection, priority, of, or assign to the Successor Agent, or cause
the Successor Agent to become the secure party of record as to, any and all
liens and security interests in respect of any and all collateral, and each of
the Borrower, the Existing Agent and the Successor Agent hereby agrees to
execute and deliver (and the Borrower agrees to cause each applicable Subsidiary
and/or other Guarantor or grantor of collateral under the Credit Agreement or
any other Loan Document to execute and deliver) any documentation reasonably
necessary or reasonably requested by the Existing Agent or the Successor Agent
to evidence such resignation and appointment or such amendments or to maintain
the validity, perfection or priority of, or assign to the Successor Agent, or
cause the Successor Agent to become the secured party of record as to, any such
liens or security interests, or to maintain the rights, powers and privileges
afforded to the Administrative Agent under any of the Loan Documents.
(b)As of the Second Amendment Effective Date (i) JPMorgan hereby resigns as
Issuing Bank as provided under the Credit Agreement and shall have no further
rights or obligations in such capacity under the Credit Agreement and the other
Loan Documents, except to the extent of any right or

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obligation expressly stated in the Credit Agreement or other Loan Documents as
surviving any such resignation; (ii) the Borrower, the Existing Agent, the
Existing Issuing Bank, and the Successor Agent consent to the appointment of RBC
as a successor Issuing Bank under the Credit Agreement; and (iii) RBC hereby
accepts its appointment as Successor Issuing Bank under the Credit Agreement.
(c)The parties hereto hereby confirm that the Successor Agent succeeds to the
rights and obligations of the Administrative Agent under the Credit Agreement
and the other Loan Documents and becomes vested with all of the rights, powers,
privileges and duties of the Administrative Agent under the Credit Agreement and
the other Loan Documents, and the Existing Agent is discharged from all of its
duties and obligations as the Administrative Agent under the Credit Agreement
and the other Loan Documents (except to the extent of any obligation expressly
stated in the Credit Agreement or other Loan Document as surviving any such
resignation), in each case, as of the Second Amendment Effective Date.
(d)The parties hereto hereby confirm that the Successor Issuing Bank succeeds to
the rights and obligations of the Existing Issuing Bank under the Credit
Agreement and the other Loan Documents and becomes vested with all of the
rights, powers, privileges and duties of the Existing Issuing Bank under the
Credit Agreement and the other Loan Documents, and the Existing Issuing Bank is
discharged from all of its duties and obligations as an Issuing Bank under the
Credit Agreement and the other Loan Documents (except to the extent of any
obligation expressly stated in the Credit Agreement or other Loan Document as
surviving any such resignation), in each case, as of the Second Amendment
Effective Date.
(e)The parties hereto hereby confirm that, as of the Second Amendment Effective
Date, all of the protective provisions, indemnities, and expense obligations
under the Credit Agreement and the other Loan Documents continue in effect for
the benefit of the Existing Agent, its sub-agents and their respective
affiliates, officers, directors, trustees, employees, advisors, agents and
controlling Persons in respect of any actions taken or omitted to be taken by
any of them while the Existing Agent was acting as Administrative Agent or
thereafter pursuant to or in furtherance of the provisions of this Second
Amendment, and inure to the benefit of the Existing Agent, in each case, solely
to the extent expressly set forth in, and subject to the terms and conditions
of, the Credit Agreement and the other Loan Documents. The parties hereto agree
that the Successor Agent shall have no liability for any actions taken or
omitted to be taken by the Existing Agent while it served as the Administrative
Agent under the Credit Agreement and the other Loan Documents or for any other
event or action related to the Credit Agreement that occurred prior to the
Second Amendment Effective Date. The parties hereto agree that the Existing
Agent shall have no liability for any actions taken or omitted to be taken by
the Successor Agent as the Administrative Agent under the Credit Agreement and
the other Loan Documents.
(f)The parties hereto hereby confirm that, as of the Second Amendment Effective
Date, all of the protective provisions, indemnities, and expense obligations
under the Credit Agreement and the other Loan Documents continue in effect for
the benefit of the Existing Issuing Bank, its sub-agents and their respective
affiliates, officers, directors, trustees, employees, advisors, agents and
controlling Persons in respect of any actions taken or omitted to be taken by
any of them while the Existing Issuing Bank was acting as an Issuing Bank and
inure to the benefit of the Existing Issuing Bank, in each case, solely to the
extent expressly set forth in, and subject to the terms and conditions of, the
Credit Agreement and the other Loan Documents. The parties hereto agree that the
Successor Issuing Bank shall have no liability for any actions taken or omitted
to be taken by the Existing Issuing Bank while the Existing Issuing Bank served
or serves as an Issuing Bank under the Credit Agreement and the other Loan
Documents or for any other event or action related to the Credit Agreement that
occurred prior to the Second Amendment Effective Date. The parties hereto agree
that the Existing Issuing Bank shall have no liability for any actions taken or
omitted to be taken by the Successor Issuing Bank as an Issuing Bank under the
Credit Agreement and the other Loan Documents.

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(g)The Existing Agent hereby assigns to the Successor Agent, on an as-is basis
and without recourse and without any warranty or representation of any nature,
express or implied, all of which are expressly disclaimed, effective on and
after the Second Amendment Effective Date, any powers of attorney, liens, or
security interests and all other rights and interests granted to the Existing
Agent in any capacity, whether for the benefit of itself or the ratable benefit
of the Lenders and any other secured parties on whose behalf it may be acting
under any security documents included within the Loan Documents (collectively,
the “Secured Parties”), under the Credit Agreement and other Loan Documents
other than, in each case, the Reserved Rights (as defined below), and the
Successor Agent hereby accepts the benefit of and assumes all such powers of
attorney, liens and security interests and other rights and interests, for its
benefit and for the ratable benefit of the Secured Parties. As used herein,
“Reserved Rights” means all of the Credit Parties’ obligations and liabilities
to Existing Agent and its Related Parties that by their terms survive the
assignment of the Liens including, without limitation, those regarding
indemnification and reimbursement of fees and expenses.
(h)On and after the Second Amendment Effective Date, (i) all possessory
collateral, if any, held by the Existing Agent for the benefit of the Secured
Parties shall be deemed to be held by the Existing Agent as agent and bailee for
the Successor Agent for the benefit and on behalf of the Successor Agent and the
Secured Parties until such time as such possessory collateral has been delivered
to the Successor Agent and (ii) with respect to any security entitlement,
deposit account or other collateral of any Loan Party in which a security
interest of the Existing Agent for the benefit of the Secured Parties has been
perfected by control (“Control Collateral”), the Existing Agent shall maintain,
and hereby acknowledges that it has, control of such Control Collateral as agent
and on behalf of the Successor Agent for the benefit and on behalf of the
Successor Agent and the Secured Parties until such time as the Successor Agent
directly acquires control of such Control Collateral. Without limiting the
generality of the foregoing, any reference to the Existing Agent in any publicly
filed document, to the extent such filing relates to the liens and security
interests in any collateral assigned hereby and until such filing is modified to
reflect the interests of the Successor Agent, shall, with respect to such liens
and security interests, constitute a reference to the Existing Agent as
collateral representative of the Successor Agent (provided that the parties
hereto agree that the Existing Agent’s role as such collateral representative
shall impose no further duties, obligations or liabilities on the Existing
Agent, including, without limitation, any duty to take any type of direction
regarding any action to be taken against such collateral, whether such direction
comes from the Successor Agent, the Secured Parties or otherwise, and the
Existing Agent shall have the full benefit of all of the protective provisions
of Article XI (The Agents) and Section 12.03 (Expenses, Indemnity; Damage
Waiver) of the Credit Agreement, while serving in such capacity). The Existing
Agent agrees to (i) deliver all possessory collateral, if any, to the Successor
Agent on or promptly following the Second Amendment Effective Date, and the
Successor Agent agrees to take possession thereof upon such tender by the
Existing Agent and (ii) on or promptly following the Second Amendment Effective
Date, take such action with respect any Control Collateral as may be reasonably
required so as to cause the Successor Agent to acquire control of such Control
Collateral, and the Successor Agent agrees to assume control of such control
collateral at such time.
(i)The Existing Agent hereby agrees that as of the Second Amendment Effective
Date, the Borrower has no further obligation to pay to the Existing Agent any
annual administrative or agency fees pursuant to the Engagement Letter (as such
term is defined in the Credit Agreement prior to giving effect to this Second
Amendment).

Section 2.Amendments to Credit Agreement and Other Loan Documents. In reliance
on the representations, warranties, covenants and agreements contained in this
Second Amendment, and subject to the satisfaction of the conditions precedent
set forth in Section 4 hereof, the Credit Agreement is hereby amended effective
as of the Second Amendment Effective Date in the manner provided in this Section
2.

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1.Amendment to Introductory Paragraph. The introductory paragraph to the Credit
Agreement is hereby amended by deleting the phrase “JPMorgan Chase Bank, N.A.
(in its individual capacity, “JPMorgan”)” and inserting in lieu thereof the
phrase “Royal Bank of Canada (in its individual capacity, “RBC”)”.
2.Amended and Restated Definitions. The following definitions in Section 1.02 of
the Credit Agreement are hereby amended and restated in their respective
entireties to read in full as follows:
“Aggregate Maximum Revolving Credit Amounts” at any time shall equal the sum of
the Maximum Revolving Credit Amounts, as the same may be reduced or terminated
pursuant to Section 2.06. The Aggregate Maximum Revolving Credit Amounts of the
Lenders as of the Second Amendment Effective Date is $750,000,000.
“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest
of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective
Rate in effect on such day plus ½ of 1% and (c) the Adjusted LIBO Rate for a
one-month Interest Period on such day (or if such day is not a Business Day, the
immediately preceding Business Day) plus 1%. Any change in the Alternate Base
Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the
Adjusted LIBO Rate shall be effective from and including the effective date of
such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted
LIBO Rate, respectively. If the Alternate Base Rate is being used as an
alternate rate of interest pursuant to Section 3.03 hereof, then the Alternate
Base Rate shall be the greater of clause (a) and (b) above and shall be
determined without reference to clause (c) above. For the avoidance of doubt, if
the Alternate Base Rate shall be less than zero, such rate shall be deemed to be
zero for purposes of this Agreement.
“Applicable Margin” means, for any day, with respect to any ABR Loan or
Eurodollar Loan, or with respect to the Revolving Credit Commitment Fee Rate, as
the case may be, the rate per annum set forth in the Borrowing Base Utilization
Grid below based upon the Borrowing Base Utilization Percentage then in effect:
Borrowing Base Utilization Grid
Borrowing Base Utilization Percentage
≤ 25%
>25%
and
≤ 50%
>50%
and
≤75%
>75%
and
≤90%
>90%
Eurodollar Loans
2.000%
2.250%
2.500%
2.750%
3.000%
ABR Loans
1.000%
1.250%
1.500%
1.750%
2.000%
Revolving Credit Commitment Fee Rate
0.375%
0.375%
0.500%
0.500%
0.500%

The Applicable Margin shall change on any Business Day on which the Borrowing
Base Utilization Percentage changes and, as a result of such change, the
Applicable Margin would be determined by reference to a different column in the
table above. Each change in the Applicable Margin for Loans shall apply during
the period commencing on the effective date of such change and ending on the
date immediately preceding the effective date of the next such change; provided
that if at any time the Borrower fails to deliver a Reserve Report pursuant to
Section 8.12(a), then the “Applicable Margin” means the rate per annum set forth
on the grid when the Borrowing Base Utilization Percentage is at its highest
level until such Reserve Report is delivered.
“Engagement Letters” means (a) that certain letter agreement styled “Fee Letter
-Amended Credit Facility” dated as of December 6, 2018, among the Administrative
Agent, RBC and the Borrower, as amended, restated, supplemented or otherwise
modified from time to time, (b) that certain letter agreement styled “Engagement
Letter - Amended Credit Facility” dated as of December 6, 2018, among the
Administrative Agent, RBC and the Borrower, as amended, restated, supplemented
or otherwise modified from time to time, and (c) any other letter

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agreements entered into from time to time between the Borrower, the
Administrative Agent and RBC providing for the payments of fees to the
Administrative Agent and/or RBC in connection with this Agreement or any
transactions contemplated hereby.
“Issuing Bank” means RBC, in its capacity as the issuer of Letters of Credit
hereunder, and its successors in such capacity as provided in Section 2.08(i).
The Issuing Bank may, in its discretion, arrange for one or more Letters of
Credit to be issued by Affiliates of the Issuing Bank, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of
Credit issued by such Affiliate.
“Joint Lead Arrangers” means (a) RBC Capital Markets, in its capacities as joint
lead arranger and sole bookrunner hereunder, (b) Capital One, National
Association, as joint lead arranger, (c) Natixis, New York Branch, as joint lead
arranger, (d) KeyBank National Association, as joint lead arranger, (e) Société
Générale, as joint lead arranger, (f) Bank of America, N.A., as joint lead
arranger, and (g) The Toronto-Dominion Bank, New York Branch, as joint lead
arranger.
“LIBO Rate” means, for any Interest Period with respect to any Eurodollar
Borrowing:
(a)    the rate of interest per annum, expressed on the basis of a year of 360
days, which is equal to the offered rate that appears on the page of the Reuters
LIBOR01 screen (or any successor thereto as may be selected by the
Administrative Agent) set by ICE Benchmark Administration for deposits in
Dollars with a term equivalent to such Interest Period, determined as of
approximately 11:00 a.m. (London time) two (2) Business Days prior to the first
day of such Interest Period, or
(b)    if the rates referenced in the preceding subsection (a) are not
available, the rate per annum determined by the Administrative Agent as the rate
of interest, expressed on a basis of 360 days at which deposits in Dollars for
delivery on the first day of such Interest Period in same day funds in the
approximate amount of the Eurodollar Loan being made, continued or converted by
the Administrative Agent and with a term and amount comparable to such Interest
Period and principal amount of such Eurodollar Loan as would be offered by the
Administrative Agent’s London branch to major banks in the offshore Dollar
market at their request at approximately 11:00 a.m. (London time) two (2)
Business Days prior to the first day of such Interest Period;
provided that if any such rate is below zero, the LIBO Rate will be deemed to be
zero.
“Loan Documents” means this Agreement, the First Amendment, the Second
Amendment, the Notes, the Letter of Credit Agreements, the Letters of Credit,
the Engagement Letters and the Security Instruments.
“Prime Rate” means the rate of interest per annum publicly announced from time
to time by RBC as its prime rate in effect at its principal office in New York
City; each change in the Prime Rate shall be effective from and including the
date such change is publicly announced as being effective. Such rate is set by
the Administrative Agent as a general reference rate of interest, taking into
account such factors as the Administrative Agent may deem appropriate; it being
understood that many of the Administrative Agent’s commercial or other loans are
priced in relation to such rate, that it is not necessarily the lowest or best
rate actually charged to any customer and that the Administrative Agent may make
various commercial or other loans at rates of interest having no relationship to
such rate.
“Total Debt” means, at any date, all Debt of the Borrower and the Consolidated
Restricted Subsidiaries on a consolidated basis, (a) excluding (i) non-cash
obligations under ASC 815, (ii) accounts payable and other accrued liabilities
(for the deferred purchase price of Property or services) from time to time
incurred in the ordinary course of business which are not greater than ninety
(90) days past the date of receipt of the invoice or delinquent or which are
being contested in good faith by appropriate action and for which adequate
reserves have been

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maintained in accordance with GAAP, (iii) Debt with respect to letters of credit
to the extent such letters of credit have not been drawn, (iv) obligations with
respect to surety or performance bonds and similar instruments entered into in
the ordinary course of business in connection with the operation of Oil and Gas
Properties, and (v) Debt of the type described in clauses (f), (g), (h), (i),
(j), (k) and (m) of the definition of “Debt”, and (b) less, the lesser of (i)
the unrestricted cash and cash equivalents of the Borrower and its Restricted
Subsidiaries on such date and (ii) $50,000,000.
3.Additional Definitions. Section 1.02 of the Credit Agreement is hereby amended
to add the following definitions to such Section in appropriate alphabetical
order:
“Beneficial Ownership Certification” shall mean a certification regarding
beneficial ownership as required by the Beneficial Ownership Regulation.
“Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230.
“Projected Volume” means, at any time, the Borrower’s reasonably anticipated
projected future production from Oil and Gas Properties of the Borrower and the
other Credit Parties.
“Second Amendment” means that certain Resignation, Consent and Appointment
Agreement and Second Amendment to Tenth Restated Credit Agreement dated
effective as of December 7, 2018, among the Borrower, the Guarantors party
thereto, the Administrative Agent and the Lenders party thereto.
“Second Amendment Effective Date” means December 7, 2018.
4.Deleted Definitions. Section 1.02 of the Credit Agreement is hereby amended by
deleting the following definitions: “Impacted Interest Period”, “Intercreditor
Agreement”, “Interpolated Rate”, “LIBO Screen Rate”, “Maximum Junior Lien Debt
Amount”, “NYFRB”, “NYFRB Rate” and “Overnight Bank Funding Rate”.
5.Amendment to Article I. A new Section 1.06 is hereby added to Article I of the
Credit Agreement, to read as follows:
Section 1.06    Divisions. For all purposes under the Loan Documents, in
connection with any division or plan of division under Delaware law (or any
comparable event under a different jurisdiction’s laws): (a) if any asset,
right, obligation or liability of any Person becomes the asset, right,
obligation or liability of a different Person, then it shall be deemed to have
been transferred from the original Person to the subsequent Person, and (b) if
any new Person comes into existence, such new Person shall be deemed to have
been organized on the first date of its existence by the holders of its Equity
Interests at such time.
6.Amendment to Section 2.03 (Requests for Borrowings). Section 2.03(b) of the
Credit Agreement is hereby amended and restated in its entirety to read in full
as follows:
(b)    in the case of an ABR Borrowing, not later than 11:00 a.m., New York City
time, on the date of the proposed Borrowing; provided that if such notice is
received on the date of the proposed Borrowing, the aggregate amount of the
requested Borrowing on such date shall not exceed $20,000,000; provided further
that no such notice shall be required for any deemed request of an ABR Borrowing
to finance the reimbursement of an LC Disbursement as provided in Section
2.08(e).
7.Amendment to Section 3.03 (Alternate Rate of Interest). Section 3.03 of the
Credit Agreement is hereby amended by replacing each reference to “LIBO Screen
Rate” with a reference to “LIBO Rate” in each instance.
8.Amendment to Section 3.04(b) (Notice and Terms of Optional Prepayment).
Section 3.04(b) of the Credit Agreement is hereby amended and restated in its
entirety to read in full as follows:
(b)    Notice and Terms of Optional Prepayment. The Borrower shall notify the
Administrative Agent by telephone (confirmed by fax or other electronic
communication subject to Section 12.01(b)) of any prepayment hereunder (i) in
the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New
York City time, three Business Days

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before the date of prepayment, or (ii) in the case of prepayment of an ABR
Borrowing, not later than 1:00 p.m., New York City time, one Business Day before
the date of prepayment. Each such notice shall be irrevocable and shall specify
the prepayment date and the principal amount of each Borrowing or portion
thereof to be prepaid; provided that, if a notice of prepayment is given in
connection with a conditional notice of termination of the Revolving Credit
Commitments as contemplated by Section 2.06(b), then such notice of prepayment
may be revoked if such notice of termination is revoked in accordance with
Section 2.06(b). Promptly following receipt of any such notice relating to a
Borrowing, the Administrative Agent shall advise the Lenders of the contents
thereof. Each partial prepayment of any Borrowing shall be in an aggregate
amount that is an integral multiple of $100,000 and a minimum principal amount
of $1,000,000. Each prepayment of a Borrowing shall be applied ratably to the
Loans included in the prepaid Borrowing. Prepayments shall be accompanied by
accrued interest to the extent required by Section 3.02.
9.Amendment to Section 8.01 (Financial Statements; Other Information). Clause
(s) of Section 8.01 of the Credit Agreement is hereby deleted and replaced in
its entirety with the following clauses (s) and (t), which will read in full as
follows:
(s)    Other Requested Information. Promptly following any written request
therefor, (i) such other information regarding the operations, business affairs
and financial condition of the Borrower or any Restricted Subsidiary (including,
without limitation, any Plan, any Pension Plan and any reports or other
information required to be filed with respect thereto under the Code or under
ERISA), or compliance with the terms of this Agreement or any other Loan
Document, as the Administrative Agent may reasonably request and (ii)
information and documentation reasonably requested by the Administrative Agent
or any Lender for purposes of compliance with the Beneficial Ownership
Regulation or applicable “know your customer” requirements under the USA Patriot
Act or other applicable anti-money laundering laws.
(t)    Certificate of Financial Officer - Projected Volume Reports. (i)
Concurrently with any delivery of the Reserve Report under Section 8.12, and
(ii) promptly upon the occurrence of any event (including any sale, transfer,
assignment or other disposition of Oil and Gas Properties) that the Borrower
determines in its reasonable discretion would increase or decrease the aggregate
Projected Volume by 10% or more of the aggregate Projected Volume set forth in
the most recent certificate delivered pursuant to this Section 8.01(t), a
certificate of a Financial Officer setting forth as of a recent date, a report
detailing the Projected Volume for each month during the forthcoming 30 month
period and the assumptions used in calculating such Projected Volume, in each
case, in form and substance satisfactory to the Administrative Agent.
10.Amendments to Section 8.17 (Deposit Accounts: Commodities Accounts and
Securities Accounts). Section 8.17 of the Credit Agreement is hereby amended and
restated to read in full as follows:
Section 8.17    Deposit Accounts; Commodities Accounts and Securities Accounts.
The Borrower and each Guarantor will maintain one or more of (i) the Lenders or
Affiliates of Lenders or (ii) JPMorgan Chase Bank, N.A. or its Affiliates as its
principal depository bank(s), and will not have or maintain any Deposit Accounts
with any banks that are not (i) the Lenders or Affiliates of Lenders or (ii)
JPMorgan Chase Bank, N.A. or its Affiliates (other than Excluded Accounts);
provided that if any Lender or Affiliate of a Lender (other than JPMorgan Chase
Bank, N.A. or its Affiliates) is such a depository bank for the Borrower or any
Guarantor and such Lender for any reason ceases to be a Lender party to this
Agreement, the Borrower or such Guarantor (as applicable) shall be deemed to
have satisfied the foregoing requirement so long as the Borrower or such
Guarantor transitions its Deposit Accounts to another Lender or Affiliate of a
Lender within sixty (60) days (or such longer period of time as may be
reasonably acceptable to the Administrative Agent) following such cessation. The

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Borrower and each Guarantor will cause each of their respective Deposit
Accounts, Commodities Accounts or Securities Accounts (in each case, other than
Excluded Accounts) to at all times be subject to an Account Control Agreement in
accordance with and to the extent required by the Security Agreement.
11.Amendments to Section 9.02 (Debt). Clauses (h) and (k) of Section 9.02 of the
Credit Agreement are hereby amended and restated in their respective entireties
to read in full as follows:
(h)    any Debt of the Borrower or any Restricted Subsidiary and guarantees
thereof by any Credit Party or any other Restricted Subsidiary; provided that:
(i) such Debt is unsecured, (ii) such Debt shall not provide for any
amortization of principal or any scheduled or mandatory prepayments or
Redemptions on any date prior to 180 days after the Maturity Date (other than
customary high yield indenture provisions requiring offers to repurchase in
connection with asset sales or any change of control, casualty or condemnation
event prepayments or customary acceleration rights after an event of default),
(iii) such Debt shall not contain a scheduled maturity date that is earlier than
180 days after the Maturity Date, (iv) such Debt (or the documents governing
such Debt) shall (A) contain no financial covenant that is more restrictive or
onerous with respect to the Credit Parties than the financial covenants herein,
and (B) not contain covenants (other than financial covenants) and events of
default that are, taken as a whole, more restrictive or onerous with respect on
the Credit Parties than those contained in this Agreement are on the Credit
Parties (as reasonably determined by the Borrower in good faith), (v) after
giving effect to the incurrence of such Debt, the application of the proceeds
thereof, and any automatic reduction of the Borrowing Base pursuant to Section
2.07(e) on account thereof, each on a pro forma basis: (A) no Event of Default
or Borrowing Base Deficiency shall exist and (B) the Borrower shall be in pro
forma compliance with Section 9.01 as of the last day of the applicable period
covered by the most recent certificate delivered pursuant to Section 8.01(c),
(vi) the Borrowing Base shall automatically be reduced on the date of the
incurrence of such Debt in accordance with Section 2.07(e) and (vii) the Net
Proceeds of such Debt shall be used to prepay the Loans in accordance with and
to the extent required by Section 3.04(c)(iii).
(k)    Debt which represents an extension, refinancing, or renewal of any of the
foregoing; provided that (i) the principal amount of such Debt is not increased
(other than by the costs, fees, and expenses and by accrued and unpaid interest
paid in connection with any such extension, refinancing or renewal), (ii) the
interest rate of such Debt is not increased, (iii) any Liens securing such Debt
are not extended to any additional property of any Credit Party, (iv) no Credit
Party that is not originally obligated with respect to repayment of such Debt is
required to become obligated with respect thereto, (v) such extension,
refinancing or renewal does not result in a shortening of the average weighted
maturity of the Debt so extended, refinanced or renewed, (vi) the terms of any
such extension, refinancing, or renewal are not materially less favorable to the
obligor thereunder, taken as a whole, than the original terms of such Debt and
(vii) if the Debt that is refinanced, renewed, or extended was subordinated in
right of payment to the Indebtedness, then the terms and conditions of the
refinancing, renewal, or extension Debt must include subordination terms and
conditions that are at least as favorable to the Administrative Agent and the
Lenders as those that were applicable to the refinanced, renewed, or extended
Debt.
12.Amendment to Section 9.03 (Liens). Clause (e) of Section 9.03 of the Credit
Agreement is hereby amended and restated in its entirety to read in full as “(e)
[Reserved].”.
13.Amendment to Section 9.04(a) (Dividends and Distributions). Section
9.04(a)(iv) of the Credit Agreement is hereby amended and restated in its
entirety to read in full as follows:
(iv)    the Borrower may make Restricted Payments so long as (A) no Default
shall exist at the time of such payment or result therefrom, (B) the Borrowing
Base Utilization Percentage

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shall not exceed eighty-five percent (85%) immediately after giving effect to
such payment (and any Borrowings made in connection therewith) and (C)
immediately after giving effect to such payment (and any Borrowings made in
connection therewith), the ratio of Total Debt as of the date of such payment to
EBITDAX for the most recently ended four-fiscal quarter period for which
financial statements are available does not exceed 3.00 to 1.00.
14.Amendment to Section 9.18 (Swap Agreements). Clauses (a)(i), (a)(ii) and (e)
of Section 9.18 of the Credit Agreement are hereby amended and restated in their
respective entireties to read in full as follows:
(a)    The Borrower will not, and will not permit any Restricted Subsidiary to,
enter into any Swap Agreements with any Person other than:
(i)    Subject to clause (b) of this Section 9.18, Swap Agreements with an
Approved Counterparty in respect of commodities entered into not for speculative
purposes the notional volumes of which (when aggregated with other commodity
Swap Agreements then in effect) do not exceed, as of the date such Swap
Agreement is entered into, (A) for each of the first full 24 calendar months
following the date of determination, 80% of the Projected Volume for such month
(based on the most recently delivered report under Section 8.01(t)) and (B) for
each of the 36 full calendar months following the period referred to in the
foregoing clause (A), 80% of the reasonably anticipated production from Proved
Oil and Gas Properties as such production is set forth on the most recent
Reserve Report delivered pursuant to the terms of this Agreement, in each case
of crude oil, natural gas and natural gas liquids, calculated separately;
provided, however, that (x) such Swap Agreements shall not, in any case, have a
tenor of greater than 60 full calendar months following the date on which such
Swap Agreement is entered into and (y) all purchased put options or price floors
for Hydrocarbons shall be excluded for purposes of the foregoing volume
limitations on commodity swaps so long as the total amount of obligations
thereunder are fixed and known at the time such transaction is entered into. It
is understood that Swap Agreements in respect of commodities which may, from
time to time, “hedge” the same volumes, but different elements of commodity risk
thereof, shall not be aggregated together when calculating the foregoing
limitations on notional volumes.
(ii)    [Reserved].
(e)    For purposes of entering into or maintaining Swap Agreement trades or
transactions under Section 9.18(a)(i) and Section 9.18(b), respectively,
forecasts of reasonably anticipated production from the Borrower’s and its
Restricted Subsidiaries’ Oil and Gas Properties as set forth on the most recent
Reserve Report and/or Projected Volume certificate under Section 8.01(t)
delivered pursuant to the terms of this Agreement shall be deemed to be updated
to account for any increase or decrease therein anticipated because of
information obtained by the Borrower or any of its Restricted Subsidiaries and
delivered to the Administrative Agent subsequent to the publication of such
Reserve Report (or subsequent to the preparation of such Projected Volume
certificate, as applicable) including, without limitation, (i) the Borrower’s or
any of its Restricted Subsidiaries’ internal forecasts of production decline
rates for existing wells, (ii) additions to or deletions from anticipated future
production from new wells, (iii) completed dispositions, and (iv) completed
acquisitions coming on stream or failing to come on stream; provided that (A)
any such supplemental information shall be reasonably satisfactory to the
Administrative Agent 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 (or subsequent to the preparation
of the most recent Projected Volume certificate, as applicable)).
15.Amendment to Section 12.01 (Notices). Section 12.01(a) of the Credit
Agreement is hereby amended and restated in its entirety to read in full as
follows:

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(a)Except in the case of notices and other communications expressly permitted to
be given by telephone (and subject to Section 12.01(b)), all notices and other
communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or
sent by fax, as follows:
(i)if to the Borrower, to it at c/o Chaparral Energy, Inc., 701 Cedar Lake
Blvd., Oklahoma City, Oklahoma 73114, Attention: Joe Evans (Fax No. (405)
425-8990);
(ii)if to the Administrative Agent, to it at Royal Bank of Canada, Agency
Services Group, 4th Floor, 20 King Street West, Toronto, Ontario M5H 1C4,
Attention: Manager, Agency Services Group (Fax No. (416) 842-4023);
(iii)if to the Issuing Bank, to it at Royal Bank of Canada, 30 Hudson Street,
28th Floor, Jersey City, New Jersey 07302-4699, Attn: Credit Administration (Fax
No. (212) 428-3015);
(iv)if to any other Lender, to it at its address (or fax number) set forth in
its Administrative Questionnaire.
16.Amendment to Section 12.19 (Intercreditor Agreements). Section 12.19 of the
Credit Agreement is hereby amended and restated in its entirety to read in full
as “Section 12.19 [Reserved].”
17.Replacement of Annex I of the Credit Agreement and Reallocation. Annex I of
the Credit Agreement is hereby replaced in its entirety with Annex I attached
hereto and Annex I attached hereto shall be deemed to be attached as Annex I to
the Credit Agreement. After giving effect to this Second Amendment and any
Borrowings made on the Second Amendment Effective Date, (a) each Lender who
holds Loans in an aggregate amount less than its Applicable Revolving Credit
Percentage (after giving effect to this Second Amendment) of all Loans shall
advance new Loans which shall be disbursed to the Successor Agent and used to
repay Loans outstanding to each Lender who holds Loans in an aggregate amount
greater than its Applicable Revolving Credit Percentage, (b) each Lender’s
participation in each Letter of Credit, if any, shall be automatically adjusted
to equal its Applicable Revolving Credit Percentage of the total LC Exposure
(after giving effect to this Second Amendment), (c) such other adjustments shall
be made as the Successor Agent shall specify so that the Revolving Credit
Exposure applicable to each Lender equals its Applicable Revolving Credit
Percentage (after giving effect to this Second Amendment) of the aggregate
Revolving Credit Exposure of all Lenders and (d) upon request by each applicable
Lender, the Borrower shall be required to make any break funding payments owing
to such Lender that are required under Section 5.02 of the Credit Agreement as a
result of the Loans and adjustments described in this Section 2.17. For purposes
of this Section 2.17 only, the “Applicable Revolving Credit Percentage” of the
Exiting Lenders shall be deemed to be zero percent.
18.Omnibus Amendment. Each reference to “JPMorgan Chase Bank, N.A.” in the
Exhibits to the Credit Agreement is hereby replaced in each instance with a
reference to “Royal Bank of Canada”.
Section 3.Borrowing Base Increase. In reliance on the covenants and agreements
contained in this Second Amendment, and subject to the satisfaction of the
conditions precedent set forth in Section 4 hereof, the Successor Agent and the
Lenders agree that the Borrowing Base shall be and hereby is increased from
$265,000,000 to $325,000,000, effective as of the Second Amendment Effective
Date and continuing until the next Scheduled Redetermination, Interim
Redetermination or other redetermination or adjustment of the Borrowing Base
thereafter. The Borrower, the Successor Agent, and the Lenders acknowledge that
the redetermination of the Borrowing Base provided for in this Section 3
constitutes the Scheduled Redetermination intended to be effective on, or as
promptly as reasonably practicable after, November 1, 2018, as referenced in
Section 2.07(b) of the Credit Agreement, and that this Second Amendment
constitutes the New Borrowing Base Notice with respect to such Scheduled
Redetermination.
Section 4.Conditions Precedent to this Second Amendment. The effectiveness of
this Second Amendment is subject to the satisfaction or waiver of each of the
following conditions precedent:
1.Counterparts. Successor Agent shall have received counterparts hereof duly
executed by the Borrower, each Guarantor, each Lender, the Existing Agent and
the Exiting Lenders.

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2.Fees and Expenses. Successor Agent shall have received (a) all fees and other
amounts due and payable on or prior to the Second Amendment Effective Date in
accordance with Section 12.03 of the Credit Agreement, Section 9.4 hereof and
(b) all upfront fees owing to the Lenders.
3.Beneficial Ownership Regulation. To the extent requested by any Lender or
Successor Agent from the Borrower directly at least four (4) Business Days prior
to the Second Amendment Effective Date, the Borrower, to the extent qualifying
as a “legal entity customer” under the Beneficial Ownership Regulation, shall
deliver to each such Lender or Successor Agent a Beneficial Ownership
Certification at least two (2) Business Days prior to the Second Amendment
Effective Date.
4.Exiting Lenders and Existing Issuing Bank. (a) Exiting Lenders shall have
received cash payment equal to all principal, interest, fees and breakage costs
(if any) in respect of outstanding Loans and other Indebtedness owing to such
Exiting Lender under the Credit Agreement and the other Loan Documents, (b)
Existing Issuing Bank shall have received cash collateral or one or more
backstop letters of credit from RBC in either case satisfactory to the Existing
Issuing Bank to collateralize Existing Issuing Bank’s exposure with respect to
any Letters of Credit issued under the Credit Agreement prior to the Second
Amendment Effective Date and (c) at Borrower’s election, either (x) Successor
Agent shall have received evidence that, with respect to all Swap Agreements
between a Credit Party and any Exiting Lender, either (i) such Swap Agreements
have been, or will contemporaneously herewith be, terminated or otherwise
novated on terms and conditions satisfactory to the applicable Exiting Lender
with all indebtedness and other amounts owing by the Credit Parties thereunder
having been paid in full, or (ii) other arrangements with respect to such Swap
Agreements (e.g., replacement collateral) satisfactory to the applicable Exiting
Lender have been made or (y) such Swap Agreements between a Credit Party and any
Exiting Lender as in effect on the date of this Second Amendment may remain in
effect in accordance with their terms but may not be amended, restated,
supplemented or otherwise modified without the written consent of Successor
Agent.
5.Notes. Successor Agent shall have received duly executed Notes (or any
amendment and restatement thereof, as the case may be) payable to each Lender
requesting a Note (or amendment and restatement thereof, as the case may be) in
a principal amount equal to its Maximum Revolving Credit Amount (as amended
hereby) dated as of the date hereof.
6.Legal Opinion. Successor Agent shall have received the executed legal opinion
of Thompson & Knight LLP, counsel to the Credit Parties in form and substance
reasonably satisfactory to Successor Agent.
7.Officer’s Certificates. Successor Agent shall have received a certificate of
the Secretary, Assistant Secretary or a Responsible Officer of each of the
Credit Parties setting forth or bringing down (i) resolutions of the members,
board of directors or other appropriate governing body with respect to the
authorization of each such Credit Party to execute and deliver the Loan
Documents, (including, without limitation, the Second Amendment) to which it is
a party and to enter into the transactions contemplated in such documents, (ii)
the officers of each such Credit Party who are authorized to sign the Loan
Documents to which such Credit Party is a party and who will, until replaced by
another officer or officers duly authorized for that purpose, act as its
representative for the purposes of signing documents and giving notices and
other communications in connection with the Credit Agreement, this Second
Amendment and the transactions contemplated hereby and specimen signatures of
such authorized officers (or, as applicable, certifying that there have been no
changes to the officer and/or authorized signatory names and titles from the
versions delivered to the Existing Agent on December 21, 2017), and (iii) the
bylaws, limited liability company agreements, limited partnership agreements,
certificates of incorporation, certificates of formation and certificates of
limited partnership, as applicable, of each such Credit Party, certified as
being true and complete (or, as applicable, certifying that there have been no
changes to such documents from the versions delivered to the Existing Agent on
December 21, 2017).
8.Certificates of Good Standing. Successor Agent shall have received
certificates of the appropriate State agencies with respect to the existence,
qualification and good standing of each of the Credit Parties.
9.Mortgage Amendments. Successor Agent shall have received amendments to any
mortgages that are in effect immediately prior to the Second Amendment Effective
Date in form and substance reasonably

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satisfactory to Successor Agent, executed and delivered by an Responsible
Officer of the applicable Credit Parties and the Administrative agent to
reflect, among other things, (a) the assignment of the mortgages to Successor
Agent, (b) Successor Agent’s appointment as the Administrative Agent, and (c)
the increase in the Aggregate Maximum Revolving Credit Amounts, in each case as
contemplated herein.
10.Projected Volume Certificate. Successor Agent shall have received a
certificate of a Financial Officer setting forth as of a recent date, a report
detailing the Projected Volume for each month during the forthcoming 30 month
period and the assumptions used in calculating such Projected Volume, in each
case, in form and substance satisfactory to Successor Agent.
11.Other Documents. Successor Agent shall have been provided with such other
documents, instruments and agreements, and the Borrower shall have taken such
actions, as Successor Agent or counsel to Successor Agent may reasonably require
in connection with this Second Amendment and the transactions contemplated
hereby.
Section 5.Post-Closing Covenants. Notwithstanding anything to the contrary in
the Credit Agreement or the Security Agreement, within sixty (60) days of the
Second Amendment Effective Date (or such longer period of time as the Successor
Agent may agree in its sole discretion), the Borrower and each Guarantor will
have caused each of their respective Deposit Accounts, Commodities Accounts or
Securities Accounts (in each case, other than Excluded Accounts) existing as of
the Second Amendment Effective Date to be subject to an Account Control
Agreement in favor of the Successor Agent in accordance with and to the extent
required by the Security Agreement.
Section 6.Waiver of Notices. The Borrower and the Majority Lenders hereby waive
any notice, timing or other requirement of the Credit Agreement or the other
Loan Documents (including, without limitation, pursuant to Section 2.08(i) and
Section 11.06 of the Credit Agreement) related to the resignation of the
Existing Agent and/or the Existing Issuing Bank or the appointment or
designation of the Successor Agent and/or the Successor Issuing Bank.
Section 7.Representations and Warranties of the Credit Parties. To induce the
Lenders and Successor Agent to enter into this Second Amendment, each Credit
Party hereby represents and warrants to the Lenders and Successor Agent as
follows:
1.Reaffirm Existing Representations and Warranties. Each representation and
warranty of each Credit Party contained in the Credit Agreement and the other
Loan Documents is true and correct in all material respects on the date hereof
and will be true and correct in all material respects after giving effect to the
amendments set forth in Section 2 hereof, except to the extent that (a) any such
representation and warranty is expressly limited to an earlier date, in which
case such representation and warranty is and will be true and correct in all
material respects as of such specified earlier date and (b) any such
representation and warranty is expressly qualified by materiality or by
reference to Material Adverse Effect, in which case such representation and
warranty (as so qualified) is and will be true and correct in all respects.
2.Due Authorization. The execution, delivery and performance by each Credit
Party that is a party hereto of this Second Amendment are within such Credit
Party’s corporate, limited liability company, or partnership powers (as
applicable) and have been duly authorized by all necessary corporate, limited
liability company, or partnership action (as applicable).
3.Validity and Enforceability. This Second Amendment constitutes the valid and
binding obligation of each Credit Party that is a party hereto, enforceable
against such Credit Party in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law.
4.No Default, Event of Default or Borrowing Base Deficiency. No Default, Event
of Default or Borrowing Base Deficiency has occurred and is continuing.
5.Beneficial Ownership. As of the Second Amendment Effective Date, the
information included in the Beneficial Ownership Certification is true and
correct in all material respects.

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Section 8.Exiting Lenders. From and after the Second Amendment Effective Date,
(a) upon receipt by each Exiting Lender of an amount equal to all principal,
interest, fees and breakage costs (if any) in respect of outstanding Loans and
other Indebtedness owing to such Exiting Lender under the Credit Agreement and
the other Loan Documents, each Exiting Lender shall cease with immediate effect
to be a party to and a Lender under the Credit Agreement and the other Loan
Documents, (b) the Exiting Lenders shall not have any obligations or liabilities
under the Credit Agreement with respect to the period from and after the Second
Amendment Effective Date and, without limiting the foregoing, the Exiting
Lenders shall not have any Revolving Credit Commitments under the Credit
Agreement and (c) the Exiting Lenders shall not have any rights under the Credit
Agreement or any other Loan Document; provided that the rights under the Credit
Agreement expressly stated to survive the termination of the Credit Agreement
and the repayment of amounts outstanding thereunder shall survive for the
benefit of the Exiting Lenders.
Section 9.Miscellaneous.
1.Return of Payments. In the event that, after the Second Amendment Effective
Date, the Existing Agent receives any principal, interest or other amount owing
to any Lender or the Successor Agent under the Credit Agreement or any other
Loan Document, or receives any instrument, agreement, report, financial
statement, insurance policy, notice or other document in its capacity as
Existing Agent, the Existing Agent agrees to promptly forward the same to the
Successor Agent and to hold the same in trust for the Successor Agent until so
forwarded. The parties hereto agree that any provision of the Credit Agreement
or any other Loan Documents directing the Borrower to make payment to the
Existing Agent shall be hereby amended to direct the Borrower to make payment to
the account designated by the Successor Agent to the Borrower from time to time.
2.Reaffirmation of Loan Documents and Liens. Any and all of the terms and
provisions of the Credit Agreement and the Security Instruments shall, except as
amended or otherwise modified hereby, remain in full force and effect. Except to
the extent expressly set forth herein, the amendments contemplated hereby shall
not limit or impair any Liens securing the Indebtedness, each of which are
hereby ratified and affirmed to secure the Indebtedness as such Indebtedness may
be increased or otherwise affected by this Second Amendment.
3.Parties in Interest. All of the terms and provisions of this Second Amendment
shall bind and inure to the benefit of the parties hereto and their respective
successors and permitted assigns.
4.Legal Expenses. The Borrower hereby agrees to pay, as and when required by
Section 12.03 of the Credit Agreement, all reasonable and documented
out-of-pocket fees and expenses of counsel to Existing Agent and Successor Agent
incurred in connection with the preparation, negotiation and execution of this
Second Amendment and all related documents.
5.Counterparts. This Second Amendment may be executed in counterparts (and by
the different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this
Second Amendment by fax or other electronic transmission (e.g., .pdf) shall be
effective as delivery of a manually executed counterpart of this Second
Amendment.
6.Complete Agreement. THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG 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 BETWEEN OR AMONG THE
PARTIES.
7.Headings. The headings, captions and arrangements used in this Second
Amendment are, unless specified otherwise, for convenience only and shall not be
deemed to limit, amplify or modify the terms of this Second Amendment, nor
affect the meaning thereof.
8.Effectiveness. This Second Amendment shall be effective automatically and
without necessity of any further action by the Borrower, Successor Agent,
Existing Agent or Lenders when counterparts hereof have been executed by the
Borrower, each Guarantor, Successor Agent, Existing Agent, each of the Lenders,

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and the Exiting Lenders, and all conditions to the effectiveness hereof set
forth herein have been satisfied. Successor Agent shall notify the Borrower and
the Lenders of the effectiveness of this Second Amendment, and such notice shall
be conclusive and binding.
9.Governing Law. This Second Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.
10.Further Assurances. The Borrower hereby agrees to execute and deliver (and to
cause each applicable guarantor or grantor of collateral to execute and deliver)
any amendments to any other Loan Document that the Successor Agent or the
Existing Agent deems reasonably necessary or desirable in order to effectuate or
evidence (of public record or otherwise) the amendments to the Credit Agreement
set forth above or to replicate the substance thereof in such other Loan
Document, each of such amendments to be in form and substance reasonably
satisfactory to the Borrower, the Existing Agent and the Successor Agent. The
Majority Lenders hereby consent to the Successor Agent’s execution and delivery
of any amendments entered into in accordance with the foregoing sentence.

[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Letter Agreement to be
duly executed as of the date first written above.

Borrower:
 
CHAPARRAL ENERGY, INC., an Delaware
 
 
corporation
 
 
 
 
 
By: /s/ Joe Evans
 
 
Name: Joe Evans
 
 
Title: Executive Vice President and Chief Financial Officer
 
 
 
Guarantors:
 
CHAPARRAL ENERGY, L.L.C., an Oklahoma
 
 
limited liability company
 
 
CHAPARRAL RESOURCES, L.L.C., an
 
 
Oklahoma limited liability company
 
 
CHAPARRAL CO2, L.L.C. an Oklahoma limited
 
 
liability company
 
 
CEI ACQUISITION, L.L.C., a Delaware limited
 
 
liability company
 
 
CEI PIPELINE, L.L.C., a Texas limited liability
 
 
company
 
 
CHAPARRAL REAL ESTATE, L.L.C., an
 
 
Oklahoma limited liability company
 
 
GREEN COUNTRY SUPPLY, INC., an
 
 
Oklahoma corporation
 
 
CHAPARRAL EXPLORATION, L.L.C., a
 
 
Delaware limited liability company
 
 
ROADRUNNER DRILLING, L.L.C., an
 
 
Oklahoma limited liability company
 
 
CHAPARRAL BIOFUELS, L.L.C., an Oklahoma
 
 
limited liability company
 
 
 
 
 
By: /s/ Joe Evans
 
 
Name: Joe Evans
 
 
Title: Executive Vice President and Chief Financial Officer

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JPMORGAN CHASE BANK, N.A., an Existing Agent, Existing Issuing Bank and Existing
Lender
 
 
 
 
 
By: /s/ Orlando Castaneda
 
 
Name: Orlando Castaneda
 
 
Title: Authorized Officer
 
 
 
 
 
 

 
 
ROYAL BANK OF CANADA
 
 
As Successor Agent
 
 
 
 
 
By: /s/ Rodica Dutka
 
 
Name: Rodica Dutka
 
 
Title: Authorized Signatory
 
 
 
 
 
 
 
 
By: /s/ Emilee Scott
 
 
Name: Emilee Scott
 
 
Title: Authorized Signatory

Lender:
 
CAPITAL ONE, NATIONAL ASSOCIATION
 
 
 
 
 
By: /s/ Cameron Breitenbach
 
 
Name: Cameron Breitenbach
 
 
Title: Vice President
 
 
 
 
 
 

Lender:
 
NATIXIS, NEW YORK BRANCH
 
 
 
 
 
By: /s/ Brian O'Keefe
 
 
Name: Brian O'Keefe
 
 
Title: Vice President
 
 
 
 
 
By: /s/ Vikram Nath
 
 
Name: Vikram Nath
 
 
Title: Director
 
 
 

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Lender:
 
KEYBANK NATIONAL ASSOCIATION
 
 
 
 
 
By: /s/ David M. Bornstein
 
 
Name: David M. Bornstein
 
 
Title: Senior Vice President
 
 
 

Lender:
 
SOCIÉTÉ GÉNÉRALE
 
 
 
 
 
By: /s/ Max Sonnonstine
 
 
Name: Max Sonnonstine
 
 
Title: Director
 
 
 

Lender:
 
ABN AMRO CAPITAL USA LLC
 
 
 
 
 
By: /s/ Darrell Holley
 
 
Name: Darrell Holley
 
 
Title: Managing Director
 
 
 
 
 
By: /s/ Scott Myatt
 
 
Name: Scott Myatt
 
 
Title: Executive Director

Lender:
 
CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH
 
 
 
 
 
By: /s/ Donovan C. Broussard
 
 
Name: Donovan C. Broussard
 
 
Title: Authorized Signatory
 
 
 
 
 
By: /s/ Trudy Nelson
 
 
Name: Trudy Nelson
 
 
Title: Authorized Signatory

Lender:
 
CITIBANK, N.A.
 
 
 
 
 
By: /s/ Ryan Watson
 
 
Name: Ryan Watson
 
 
Title: Senior Vice President
 
 
 

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Lender:
 
COMPASS BANK
 
 
 
 
 
By: /s/ Kari McDaniel
 
 
Name: Kari McDaniel
 
 
Title: Vice President
 
 
 

Lender:
 
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
 
 
 
 
 
By: /s/ Michael Willis
 
 
Name: Michael Willis
 
 
Title: Managing Director
 
 
 
 
 
By: /s/ Joseph Cariello
 
 
Name: Joseph Cariello
 
 
Title: Director

Lender:
 
FIFTH THIRD BANK
 
 
 
 
 
By: /s/ Justin Bellamy
 
 
Name: Justin Bellamy
 
 
Title: Director
 
 
 

Lender:
 
THE HUNTINGTON NATIONAL BANK
 
 
 
 
 
By: /s/ Margaret Nickrash
 
 
Name: Margaret Nickrash
 
 
Title: Senior Vice President
 
 
 

Lender:
 
THE TORONTO-DOMINION BANK, NEW YORK BRANCH
 
 
 
 
 
By: /s/ Annie Doval
 
 
Name: Annie Doval
 
 
Title: Authorized Signatory
 
 
 
 
 
 

--------------------------------------------------------------------------------

Lender:
 
BANK OF AMERICA, N.A.
 
 
 
 
 
By: /s/ Raza Jafferi
 
 
Name: Raza Jafferi
 
 
Title: Director
 
 
 

Lender:
 
COMERICA BANK
 
 
 
 
 
By: /s/ Jeffrey M. LaBauve
 
 
Name: Jeffrey M. LaBauve
 
 
Title: Vice President
 
 
 

Lender:
 
EAST WEST BANK
 
 
 
 
 
By: /s/ Reed V. Thompson
 
 
Name: Reed V. Thompson
 
 
Title: Senior Vice President
 
 
 

Lender:
 
TEXAS CAPITAL BANK, NATIONAL ASSOCIATION
 
 
 
 
 
By: /s/ Bradley Kraus
 
 
Name: Bradley Kraus
 
 
Title: SVP