Exhibit 10.1

THIRD AMENDMENT
TO
AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT
DATED AS OF OCTOBER 8, 2019
AMONG
VIPER ENERGY PARTNERS LLC,
AS BORROWER,
VIPER ENERGY PARTNERS LP,
AS PARENT GUARANTOR,
WELLS FARGO BANK, NATIONAL ASSOCIATION,
AS ADMINISTRATIVE AGENT,
AND
THE LENDERS PARTY HERETO
 

WELLS FARGO SECURITIES, LLC,
AS SOLE BOOK RUNNER AND SOLE LEAD ARRANGER

CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH AND
PNC BANK, NATIONAL ASSOCIATION,
AS CO-SYNDICATION AGENTS

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THIRD AMENDMENT TO AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT
AGREEMENT
This THIRD AMENDMENT TO AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT
AGREEMENT (this “Amendment”) dated as of October 8, 2019, is among: VIPER ENERGY
PARTNERS LLC, a Delaware limited liability company (the “Borrower”); VIPER
ENERGY PARTNERS LP, a Delaware limited partnership (the “Parent Guarantor”);
each of the Lenders, as such term is defined in the Credit Agreement referred to
below, party hereto; and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent for the Lenders (in such capacity, together with its
successors in such capacity, the “Administrative Agent”).
R E C I T A L S
A.    The Borrower, the Administrative Agent and the Lenders are parties to that
certain Amended and Restated Senior Secured Revolving Credit Agreement, dated as
of July 20, 2018 (as amended prior to the date hereof, the “Credit Agreement”),
pursuant to which the Lenders have made certain credit available to and on
behalf of the Borrower.
B.    The parties desire to enter into this Amendment to amend the Credit
Agreement as set forth in Section 2 hereof, effective as of the Amendment
Effective Date.
C.    Now, therefore, to induce the Administrative Agent and the Lenders to
enter into this Amendment and 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 used herein but not otherwise
defined herein has the meaning given such term in the Credit Agreement, as
amended by this Amendment. Unless otherwise indicated, all section references in
this Amendment refer to sections of the Credit Agreement.
Section 2.    Amendments to Credit Agreement. In reliance on the
representations, warranties, covenants and agreements contained in this
Amendment, and subject to the satisfaction of the conditions precedent set forth
in Section 3 hereof, the Credit Agreement is hereby amended as follows:
2.1    Amendments to Section 1.02.
(a)    The definition of “Loan Documents” is hereby amended and restated in its
entirety to read as follows:
“Loan Documents” means this Agreement, the First Amendment, the Second
Amendment, the Third Amendment, the Notes, the Letter of Credit Agreements, the
Letters of Credit and the Security Instruments and certain Existing Loan
Documents as provided in Section 2.02(e).

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(b)    The definition of “Senior Unsecured Notes” is hereby amended and restated
in its entirety to read as follows:
“Senior Unsecured Notes” means Debt in the form of unsecured senior or senior
subordinated notes issued by the Borrower or the Parent Guarantor in an
aggregate principal amount not to exceed $1,000,000,000 at any one time
outstanding, including exchange notes issued in exchange therefor pursuant to
any registration rights agreement (it being agreed that any such exchange or
offer to exchange shall not constitute a Redemption or an offer to Redeem for
purposes of this Agreement), and, in each case, any guarantees thereof by a
Guarantor (and, in the case of Senior Unsecured Notes issued by the Parent
Guarantor, any guarantee thereof by the Borrower); provided that (a) at the time
of incurring such Debt (i) no Default has occurred and is then continuing and
(ii) no Default would result from the incurrence of such Debt after giving
effect to the incurrence of such Debt (and any concurrent repayment, redemption
or satisfaction and discharge of Debt with the proceeds of such incurrence and
for the avoidance of doubt, including pro forma compliance with Section
9.01(a)), (b) such Debt does not have any scheduled amortization prior to 91
days after the Maturity Date, (c) such Debt does not mature sooner than 91 days
after the Maturity Date, (d) the terms of such Debt are not materially more
onerous, taken as a whole, than the terms of this Agreement and the other Loan
Documents, (e) such Debt and any guarantees thereof are on prevailing market
terms for similarly situated companies and (f) the Borrowing Base is adjusted as
contemplated by Section 2.07(f) if required pursuant thereto and the Borrower
makes any prepayment required under Section 3.04(c)(iii).

(c)    The following definitions are hereby added where alphabetically
appropriate to read as follows:
“Third Amendment” means that certain Third Amendment to Amended and Restated
Senior Secured Revolving Credit Agreement, dated as of the Third Amendment
Effective Date, by and among the Borrower, the Parent Guarantor, the
Administrative Agent, and the Lenders party thereto.
“Third Amendment Effective Date” means October 8, 2019.
2.2    Amendment to Section 2.07(f). Section 2.07(f) is hereby amended and
restated in its entirety to read as follows:
(f)    Reduction of Borrowing Base Upon Issuance of Senior Unsecured Notes.
Notwithstanding anything to the contrary contained herein, upon each initial
issuance of any Senior Unsecured Notes pursuant to Section 9.02(g)(i) (other
than (i) for the avoidance of doubt, issuances of Senior Unsecured Notes in an
exchange offer or in a refinancing of Senior Unsecured Notes pursuant to Section
9.02(g)(ii) and (ii) initial issuances of Senior Unsecured Notes in an aggregate
principal amount not to exceed $500,000,000 if such issuances occur on or after
the Third Amendment

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Effective Date and prior to the date that the Scheduled Redetermination
scheduled for on or about November 1, 2019 becomes effective pursuant to Section
2.07(d), in each case as to which issuances in this parenthetical no such
reduction shall occur), the Borrowing Base then in effect shall be reduced by an
amount equal to the product of 0.25 multiplied by the stated principal amount of
such Senior Unsecured Notes (without regard to any initial issue discount), and
the Borrowing Base as so reduced shall become the new Borrowing Base immediately
upon the date of such issuance, effective and applicable to the Borrower, the
Issuing Bank and the Lenders on such date until the next redetermination or
modification thereof hereunder.
Section 3.    Conditions Precedent to Amendment Effective Date. This Amendment
shall become effective on the date (such date, the “Amendment Effective Date”),
when each of the following conditions is satisfied (or waived in accordance with
Section 12.02 of the Credit Agreement):
3.1    The Administrative Agent shall have received from Lenders constituting
Required Lenders, the Parent Guarantor, and the Borrower, counterparts (in such
number as may be requested by the Administrative Agent) of this Amendment signed
on behalf of such Person.
3.2    The Administrative Agent and the Lenders shall have received all fees and
other amounts due and payable on or prior to the date hereof, including, to the
extent invoiced, reimbursement or payment of all documented out-of-pocket
expenses required to be reimbursed or paid by the Borrower under the Credit
Agreement.
3.3    No Default shall have occurred and be continuing as of the date hereof,
after giving effect to the terms of this Amendment.
The Administrative Agent is hereby authorized and directed to declare the
Amendment Effective Date to be effective when it has received documents
confirming or certifying, to the satisfaction of the Administrative Agent,
compliance with the conditions set forth in this Section 3 or the waiver of such
conditions as permitted in Section 12.02 of the Credit Agreement. Such
declaration shall be final, conclusive and binding upon all parties to the
Credit Agreement for all purposes.
Section 4.    Miscellaneous.
4.1    Confirmation. The provisions of the Credit Agreement, as amended by this
Amendment, shall remain in full force and effect following the effectiveness of
this Amendment.
4.2    Ratification and Affirmation; Representations and Warranties. Each of the
Parent Guarantor and the Borrower hereby (a) ratifies and affirms its
obligations under, and acknowledges its continued liability under, each Loan
Document to which it is a party and agrees that each Loan Document to which it
is a party remains in full force and effect as expressly amended hereby and (b)
represents and warrants to the Lenders that as of the date hereof, after giving
effect to the terms of this Amendment:

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(i)    all of the representations and warranties contained in each Loan Document
to which it is a party are true and correct in all material respects (or, if
already qualified by materiality, Material Adverse Effect or a similar
qualification, true and correct in all respects), except to the extent any such
representations and warranties are expressly limited to an earlier date, in
which case such representations and warranties shall be true and correct in all
material respects (or, if already qualified by materiality, Material Adverse
Effect or a similar qualification, true and correct in all respects) as of such
specified earlier date;
(ii)    no Default or Event of Default has occurred and is continuing; and
(iii)    no event or events have occurred which individually or in the aggregate
could reasonably be expected to have a Material Adverse Effect.
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 be deemed to constitute one and the same
instrument. Delivery of this Amendment by facsimile or electronic transmission
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 SUBSEQUENT UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE
ARE NO UNWRITTEN 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 TEXAS.
4.6    Payment of Expenses. In accordance with Section 12.03 of the Credit
Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for
all of its reasonable out-of-pocket expenses incurred in connection with this
Amendment, any other documents prepared in connection herewith and the
transactions contemplated hereby, including, without limitation, the reasonable
fees, charges and disbursements of counsel to the Administrative Agent.
4.7    Severability. Any provision of this Amendment that 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 assigns.

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4.9    Loan Document. This Amendment is a Loan Document.

[SIGNATURES BEGIN NEXT PAGE]

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

VIPER ENERGY PARTNERS LLC, as Borrower
 
 
 
 
By:
/s/ Kaes Van't Hof
Name:
Kaes Van't Hof
Title:
President

VIPER ENERGY PARTNERS LP, as Parent Guarantor
 
 
By: Viper Energy Partners GP LLC, its general partner
 
 
 
 
By:
/s/ Kaes Van't Hof
Name:
Kaes Van't Hof
Title:
President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent and a Lender
 
 
 
 
By:
/s/ Todd Fogle
 
Name: Todd Fogle
 
Title: Director

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender
 
 
 
 
By:
/s/ Donovan C. Broussard
 
Name: Donovan C. Broussard
 
Title: Authorized Signatory
 
 
 
 
By:
/s/ Scott W. Danvers
 
Name: Scott W. Danvers
 
Title: Authorized Signatory

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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PNC BANK, NATIONAL ASSOCIATION, as a Lender
 
 
 
 
By:
/s/ Sandra Salazar
 
Name: Sandra Salazar
 
Title: Managing Director

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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BBVA USA, as a Lender
 
 
 
 
By:
/s/ Julia Barnhill
 
Name: Julia Barnhill
 
Title: Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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BRANCH BANKING AND TRUST COMPANY, as a Lender
 
 
 
 
By:
/s/ Parul June
 
Name: Parul June
 
Title: Senior Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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BOKF, NA, dba BANK OF OKLAHOMA, as a Lender
 
 
 
 
By:
/s/ John Krenger
 
Name: John Krenger
 
Title: Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
 
 
 
 
By:
/s/ Monica Pantea
 
Name: Monica Pantea
 
Title: Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
 
 
 
 
By:
/s/ Nupur Kumar
 
Name: Nupur Kumar
 
Title: Authorized Signatory
 
 
 
 
By:
/s/ Christopher Zybrick
 
Name: Christopher Zybrick
 
Title: Authorized Signatory

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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THE BANK OF NOVA SCOTIA, HOUSTON BRANCH, as a Lender
 
 
 
 
By:
/s/ Ryan Knape
 
Name: Ryan Knape
 
Title: Director

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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JPMORGAN CHASE BANK, N.A., as a Lender
 
 
 
 
By:
/s/ Darren Vanek
 
Name: Darren Vanek
 
Title: Executive Director

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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CITIBANK, N.A., as a Lender
 
 
 
 
By:
/s/ Jeff Ard
 
Name: Jeff Ard
 
Title: Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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BANK OF AMERICA, N.A., as a Lender
 
 
 
 
By:
/s/ Kimberly Miller
 
Name: Kimberly Miller
 
Title: Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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SUNTRUST BANK, as a Lender
 
 
 
 
By:
/s/ Arize Agumadu
 
Name: Arize Agumadu
 
Title: Vice President

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT

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GOLDMAN SACHS BANK USA, as a Lender
 
 
 
 
By:
/s/ Jamie Minieri
 
Name: Jamie Minieri
 
Title: Authorized Signatory

SIGNATURE PAGE
THIRD AMENDMENT TO CREDIT AGREEMENT