EXHIBIT 10.0
EXECUTION VERSION
FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
     This FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
(hereinafter referred to as the “Amendment”) executed as of the 21st day of
March, 2006, by and among RANGE RESOURCES CORPORATION, a Delaware corporation
(“Company”), GREAT LAKES ENERGY PARTNERS, L.L.C., a Delaware limited liability
company (“GLEP”, and together with the Company and each of their respective
successors and permitted assigns, the “Borrowers” and each a “Borrower”),
JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, N.A. (Illinois)), a
national banking association (“JPMorgan Chase”), each of the financial
institutions which is a party hereto (as evidenced by the signature pages to
this Amendment) or which may from time to time become a party to the Credit
Agreement pursuant to the provisions of Section 29 thereof or any successor or
permitted assignee thereof (hereinafter collectively referred to as “Lenders”,
and individually, “Lender”), JPMorgan Chase, as Administrative Agent (in its
capacity as Administrative Agent and together with its successors in such
capacity, “Agent”). Capitalized terms used but not defined in this Amendment
have the meanings assigned to such terms in that certain Second Amended and
Restated Credit Agreement dated as of June 23, 2004, by and among Borrower,
Agent and Lenders (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”).
WITNESSETH:
     WHEREAS, the Borrowers have requested that the Agent and the Lenders amend
the Credit Agreement to (i) extend the Maturity Date to January 1, 2011,
(ii) permit the Borrowers to transfer, sell, or dispose of Oil and Gas
Properties which do not exceed ten percent (10%) of the Borrowing Base in the
aggregate between Borrowing Base redeterminations and (iii) permit the Borrowers
to make investments which do not exceed ten percent (10%) of the Borrowing Base
in effect on the date hereof; and Agent and the Lenders have agreed to do so on
the terms and conditions hereinafter set forth; and
     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
Borrowers, Agent and the Lenders, hereby agree as follows:
SECTION 1. Amendments to Credit Agreement. Subject to the satisfaction or waiver
in writing of each condition precedent set forth in Section 2 hereof, and in
reliance on the representations, warranties, covenants and agreements contained
in this Amendment, the Credit Agreement shall be amended in the manner provided
in this Section 1.
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     1.1 Additional Definition. The following definition shall be added to
Section 1 of the Credit Agreement in alphabetical order:
     Fifth Amendment Effective Date shall mean March 21, 2006.
     1.2 Amended Definition. The following definition set forth in Section 1 of
the Credit Agreement shall be and it hereby is amended in its entirety to read
as follows:
     Maturity Date shall mean January 1, 2011.
     1.3 Restricted Payments. Section 13(a)(ii) of the Credit Agreement shall be
and it hereby is amended in its entirety to read as follows:
     (ii) sell, lease, transfer or otherwise dispose of, in any fiscal year, any
of its assets including any Capital Stock owned by it except for (A) sales,
leases, transfers or other dispositions made in the ordinary course of such
Borrower’s or such Guarantor’s oil and gas businesses, (B) sales, leases,
transfers or other dispositions of Oil and Gas Properties with an Engineered
Value that does not exceed ten percent (10%) of the Borrowing Base in the
aggregate between Borrowing Base redeterminations; (C) transfers or other
dispositions of Oil and Gas Properties to Marbel upon the exercise of its Deep
Participation Rights and (C) other sales, leases, transfers or other
dispositions made with the consent of Super Majority Lenders.
     1.4 Loans, Advances and Investments. Section 13(g) of the Credit Agreement
shall be and it hereby is amended by deleting clauses (iii) and (iv) of such
section and inserting the following as clause (iii) of such section:
     (iii) other loans, advances or investments; provided that, on the date any
such investment is made, the amount of such investment, together with all other
investments made after the Fifth Amendment Effective Date pursuant to this
clause (in each case determined based on the cost of such investment) does not
exceed ten percent (10%) of the Borrowing Base in effect on the Fifth Amendment
Effective Date.
SECTION 2. Conditions. The amendments to the Credit Agreement contained in
Section 1 of this Amendment shall be effective upon the satisfaction of each of
the conditions set forth in this Section 2.
     2.1 Execution and Delivery. Each Borrower and each Guarantor shall have
executed and delivered this Amendment.
     2.2 Representations and Warranties. The representations and warranties of
each Borrower under this Amendment are true and correct in all material respects
as of such date, as if then made (except to the extent that such representations
and warranties relate solely to an earlier date).
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     2.3 No Event of Default. No Event of Default shall have occurred and be
continuing nor shall any event have occurred or failed to occur which, with the
passage of time or service of notice, or both, would constitute an Event of
Default.
     2.4 Other Documents. The Agent shall have received such other instruments
and documents incidental and appropriate to the transaction provided for herein
as the Agent or its special counsel may reasonably request, and all such
documents shall be in form and substance satisfactory to the Agent.
     2.5 Legal Matters Satisfactory. All legal matters incident to the
consummation of the transactions contemplated hereby shall be reasonably
satisfactory to special counsel for the Agent retained at the expense of the
Borrowers.
SECTION 3. Representations and Warranties of Borrowers. To induce the Lenders to
enter into this Amendment, the Borrowers hereby represent and warrant to the
Lenders as follows:
     3.1 Reaffirmation of Representations and Warranties/Further Assurances.
After giving effect to the amendments herein, each representation and warranty
of any Borrower or any Guarantor contained in the Credit Agreement or in any of
the other Loan Documents is true and correct in all material respects on the
date hereof (except to the extent such representations and warranties relate
solely to an earlier date).
     3.2 Corporate Authority; No Conflicts. The execution, delivery and
performance by each Borrower and each Guarantor (to the extent a party hereto or
thereto) of this Amendment and all documents, instruments and agreements
contemplated herein are within each such Borrower’s or such Guarantor’s
corporate or other organizational powers, have been duly authorized by necessary
action, require no action by or in respect of, or filing with, any court or
agency of government and do not violate or constitute a default under any
provision of any applicable law or other agreements binding upon any Borrower or
any Guarantor or result in the creation or imposition of any Lien upon any of
the assets of any Borrower or any Guarantor except for Permitted Liens and
otherwise as permitted in the Credit Agreement.
     3.3 Enforceability. This Amendment constitutes the valid and binding
obligation of each Borrower and each Guarantor enforceable in accordance with
its terms, except as (i) the enforceability thereof may be limited by
bankruptcy, insolvency or similar laws affecting creditor’s rights generally,
and (ii) the availability of equitable remedies may be limited by equitable
principles of general application.
SECTION 4. Miscellaneous.
     4.1 Reaffirmation of Loan Documents and Liens. Any and all of the terms and
provisions of the Credit Agreement and the Loan Documents shall, except as
amended and modified hereby, remain in full force and effect. Each Borrower
hereby agrees that the amendments and modifications herein contained shall in no
manner affect or impair the liabilities, duties and obligations of such Borrower
or any Guarantor under the Credit Agreement and the other Loan Documents or the
Liens securing the payment and performance thereof.
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     4.2 Parties in Interest. All of the terms and provisions of this Amendment
shall bind and inure to the benefit of the parties hereto and their respective
successors and assigns.
     4.3 Legal Expenses. The Borrowers hereby agree, jointly and severally, to
pay all reasonable fees and expenses of special counsel to the Agent incurred by
the Agent in connection with the preparation, negotiation and execution of this
Amendment and all related documents.
     4.4 Counterparts. This Amendment may be executed in one or more
counterparts and by different parties hereto in separate counterparts each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument;
signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to
the same document. However, this Amendment shall bind no party until the
Borrowers, the Lenders, and the Agent have executed a counterpart. Delivery of
photocopies of the signature pages to this Amendment by facsimile or electronic
mail shall be effective as delivery of manually executed counterparts of this
Amendment.
     4.5 Complete Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER
LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
     4.6 Headings. The headings, captions and arrangements used in this
Amendment are, unless specified otherwise, for convenience only and shall not be
deemed to limit, amplify or modify the terms of this Amendment, nor affect the
meaning thereof.
[Signature Pages Follow]
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     IN WITNESS WHEREOF, the parties have caused this Fifth Amendment to Amended
and Restated Credit Agreement to be duly executed as of the date first above
written.

                  BORROWER:
 
                RANGE RESOURCES CORPORATION
a Delaware corporation
 
           
 
  By:   /s/ Roger S. Manny    
 
                Name: Roger S. Manny     Title: Senior Vice President  

                      GREAT LAKES ENERGY PARTNERS, L.L.C.
a Delaware limited liability company    
 
                    By:   Range Holdco, Inc.             Its member    
 
                    By:   /s/ Roger S. Manny                       Name:   Roger
S. Manny         Title:   Senior Vice President    
 
                    By:   Range Energy I, Inc.             Its member    
 
                    By:   /s/ Roger S. Manny                       Name:   Roger
S. Manny         Title:   Senior Vice President    

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                  JPMORGAN CHASE BANK, N.A.,
formerly known as JPMorgan Chase Bank and
(successor by merger to Bank One, N.A. (Illinois)),
as Agent and a Lender
 
           
 
  By:   /s/ Wm. Mark Cranmer    
 
                Name: Wm. Mark Cranmer     Title: Vice President  

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                  BANK OF SCOTLAND
 
           
 
  By:   /s/ Karen Weich    
 
                Name: Karen Weich     Title: Assistant Vice President

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                  CALYON NEW YORK BRANCH
 
           
 
  By:   /s/ Page Dillehunt    
 
                Name: Page Dillehunt     Title: Managing Director
 
           
 
  By:   /s/ Michael Willis    
 
                Name: Michael Willis     Title: Vice President

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                  COMPASS BANK
 
           
 
  By:   /s/ Murray E. Brasseux    
 
                Name: Murray E. Brasseux     Title: Executive Vice President

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                  FLEET NATIONAL BANK
 
           
 
  By:   /s/ Jeffrey H. Rathkamp    
 
                Name: Jeffrey H. Rathkamp     Title: Principal

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                  FORTIS CAPITAL CORP.
 
           
 
  By:   /s/ Michele Jones    
 
                Name: Michele Jones     Title: Senior Vice President
 
           
 
  By:   /s/ Darrell Holley    
 
                Name: Darrell Holley     Title: Managing Director

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            NATEXIS BANQUES POPULAIRES
      By:   /s/ Donovan C. Broussard         Donovan C. Broussard        Vice
President & Group Manager              By:   /s/ Timothy L. Polvado        
Timothy L. Polvado        Vice President & Group Manager     

Range Resources Corp.
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                  COMERICA BANK
 
           
 
  By:   /s/ Peter L. Sefzik    
 
                Name: Peter L. Sefzik     Title: Vice President

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                  HIBERNIA NATIONAL BANK
 
           
 
  By:   /s/ Nancy G. Moragas    
 
                Name: Nancy G. Moragas     Title: Vice President

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            AMEGY BANK NATIONAL ASSOCIATION (f/k/a Southwest Bank of Texas N.A.)
      By:   /s/ W. Bryan Chapman         W. Bryan Chapman        Senior Vice
President, Manager - Energy Lending     

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                  HARRIS NESBITT FINANCING, INC.
 
           
 
  By:   /s/ James V. Ducote    
 
                Name: James V. Ducote     Title: Vice President

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                  KEY BANK    
 
           
 
  By:   /s/ Thomas Rajan
 
   
 
  Name:   Thomas Rajan    
 
  Title:   Senior Vice President    

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                  WACHOVIA BANK, NATIONAL         ASSOCIATION    
 
           
 
  By:   /s/ Dwight Battle
 
   
 
  Name:   Dwight Battle    
 
  Title:   Vice President    

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                  UNION BANK OF CALIFORNIA, N.A.    
 
           
 
  By:   /s/ Kimberly Coll
 
   
 
  Name:   Kimberly Coll    
 
  Title:   Vice President    
 
           
 
  By:   /s/ Alison Fuqua
 
   
 
  Name:   Alison Fuqua    
 
  Title:   Investment Banking Officer    

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                  THE BANK OF NOVA SCOTIA    
 
           
 
  By:   /s/ N. Bell
 
   
 
  Name:   N. Bell    
 
  Title:   Senior Manager    

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                  THE FROST NATIONAL BANK    
 
           
 
  By:   /s/ John S. Warren
 
   
 
  Name:   John S. Warren    
 
  Title:   Senior Vice President    

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CONSENT AND REAFFIRMATION
     The undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a
copy of the foregoing Fifth Amendment to Second Amended and Restated Credit
Agreement (the “Fifth Amendment”); (ii) consents to Borrower’s execution and
delivery thereof; (iii) agrees to be bound thereby; (iv) affirms that nothing
contained therein shall modify in any respect whatsoever its guaranty of the
obligations of the Borrower to Lenders pursuant to the terms of its Guaranty in
favor of Agent and the Lenders (the “Guaranty”) and (v) reaffirms that the
Guaranty is and shall continue to remain in full force and effect. Although
Guarantor has been informed of the matters set forth herein and has acknowledged
and agreed to same, Guarantor understands that the Lenders have no obligation to
inform Guarantor of such matters in the future or to seek Guarantor’s
acknowledgment or agreement to future amendments or waivers, and nothing herein
shall create such duty.
     IN WITNESS WHEREOF, the undersigned has executed this Consent and
Reaffirmation on and as of the date of this Fifth Amendment.

                  GUARANTORS:    
 
                RANGE ENERGY I, INC.         a Delaware corporation    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    
 
                RANGE HOLDCO, INC.         a Delaware corporation    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    
 
                RANGE PRODUCTION COMPANY         a Delaware corporation    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    

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Reaffirmation
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                  RANGE ENERGY VENTURES         CORPORATION, a Delaware
corporation    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    
 
                GULFSTAR ENERGY, INC.         a Delaware corporation    
 
           
 
  By:   /s/ Roger S. Manny
 
   
 
  Name:   Roger S. Manny    
 
  Title:   Senior Vice President    
 
                RANGE ENERGY FINANCE CORPORATION         a Delaware corporation
   
 
           
 
  By:   /s/ Roger S. Manny    
 
           
 
  Name:   Roger S. Manny    
 
  Title:   Senior Vice President    

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Reaffirmation
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                  RANGE PRODUCTION I, L.P.         a Texas limited partnership  
 
 
           
 
  By:   RANGE PRODUCTION COMPANY
Its general partner    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    
 
                RANGE RESOURCES, L.L.C.         a Oklahoma limited liability
company    
 
           
 
  By:   RANGE PRODUCTION COMPANY
Its member    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    
 
           
 
  By:   RANGE HOLDCO, INC.
Its member    
 
           
 
  By:   /s/ Roger S. Manny    
 
  Name:  
 
Roger S. Manny    
 
  Title:   Senior Vice President    

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Reaffirmation
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