Exhibit 10.1
SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
     THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) dated as of April 26, 2010, is by and among Concho Resources Inc.,
a Delaware corporation (the “Borrower”), the Lenders party hereto (the
“Lenders”) and JPMorgan Chase Bank, N.A., as Administrative Agent (in such
capacity, the “Administrative Agent”). Unless the context otherwise requires or
unless otherwise expressly defined herein, capitalized terms used but not
defined in this Amendment have the meanings assigned to such terms in the Credit
Agreement (as defined below).
WITNESSETH:
     WHEREAS, the Borrower, the Administrative Agent and the Lenders entered
into that certain Amended and Restated Credit Agreement dated as of July 31,
2008 (as amended, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”); and
     WHEREAS, the Borrower has requested that the Administrative Agent and the
Lenders amend the Credit Agreement in certain respects and the Administrative
Agent and the Lenders have agreed to do so on the terms and conditions
hereinafter set forth.
     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
Borrower, the Administrative 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 3, 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.
     1.1 Swap Contract. The definition of “Swap Contract” in Section 1.01 of the
Credit Agreement shall be and it hereby is amended in its entirety to read as
follows:
     “Swap Contract” means (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps,
commodity options, forward commodity contracts (other than, with respect to any
Loan Party, forward contracts for the purchase by, and physical delivery to, a
Loan Party of commodities used or consumed by such Loan Party in the ordinary
course of business), equity or equity index swaps or options, bond or bond price
or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange
transactions, cap transactions, floor transactions, collar transactions,
currency swap transactions, cross-currency rate swap transactions, currency
options, spot contracts, or any other similar transactions or any combination of
any of the foregoing (including any options to enter into any of the foregoing),
whether or not any such transaction is governed by or subject to any master
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agreement, and (b) any and all transactions of any kind, and the related
confirmations, which are subject to the terms and conditions of, or governed by,
any form of master agreement published by the International Swaps and
Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement to the extent relating to any of the
transactions described in the preceding clause (a) (any such master agreement,
together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.
     1.2 Excluded Hedges. The following definition shall be and it hereby is
added to Section 1.01 of the Credit Agreement in appropriate alphabetical order:
     “Excluded Hedges” means Swap Contracts that (i) are basis differential only
swaps for volumes of natural gas included under other Swap Contracts permitted
by Section 7.12(a), or (ii) are a hedge of volumes of crude oil or natural gas
by means of a put or a price “floor” for which there exists no mark-to-market
exposure to the Borrower.
     1.3 Senior Notes Adjustment. Section 3.05 of the Credit Agreement shall be
and it hereby is amended in its entirety to read as follows:
     3.05 Senior Notes Adjustment. Unless otherwise waived in writing by the
Required Lenders, upon the incurrence of any Indebtedness under any Senior Notes
permitted under Section 7.03(f) at any time and from time to time (other than
Permitted Refinancings of any such Senior Notes), the Borrowing Base and the
Conforming Borrowing Base then in effect shall each be reduced by the lesser of
(i) $300 for every $1,000 in stated amount of such Indebtedness as of the date
such Indebtedness is incurred and (ii) such other amount, if any, determined by
the Required Lenders in their sole discretion prior to issuance of such Senior
Notes. For the avoidance of doubt, the stated amount of such Indebtedness that
constitutes Permitted Refinancings of existing Senior Notes shall not be
included for purposes of determining the reduction in the Borrowing Base and the
Conforming Borrowing Base required by this Section 3.05 and only the stated
amount in excess of such Permitted Refinancings shall be included in calculating
the adjustment required by this Section 3.05.
     1.4 Indebtedness Under Senior Notes. Section 7.03(f) of the Credit
Agreement shall be and it hereby is amended in its entirety to read as follows:
     (f) subject to any adjustment to the Borrowing Base and Conforming
Borrowing Base required under Section 3.05, unsecured Indebtedness of the
Borrower evidenced by unsecured senior notes or unsecured senior subordinated
notes and Guarantees thereof in an aggregate principal amount not to exceed
$600,000,000 at any time outstanding (“Senior Notes”) and any Permitted
Refinancing of any Indebtedness incurred under this clause (f); provided that
(i) at the time of and immediately after giving effect to each issuance of such
Senior Notes or any Permitted Refinancing thereof, no Default shall have
occurred and
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be continuing, (ii) the final stated maturity date of such Senior Notes is not
earlier than the first anniversary after the Maturity Date (as in effect on the
date of issuance of such Senior Notes), (iii) the non-default stated interest
rate of such Senior Notes shall be consistent with market terms for issuers of
similar size and credit quality at the time of issuance, (iv) no scheduled
principal amortization is required under such Senior Notes prior to the stated
maturity of such Senior Notes and (v) such Senior Notes are evidenced by an
indenture and related documents containing terms and conditions, covenants and
events of default that are customary for similar notes and that are, in each
case, reasonably satisfactory to the Administrative Agent.
     1.5 Swap Contracts. Section 7.12(a) of the Credit Agreement shall be and it
hereby is amended in its entirety to read as follows:
     (a) Swap Contracts entered into with the purpose and effect of mitigating
risk with respect to prices of natural gas (including natural gas liquids)
and/or crude oil of the Borrower and its Restricted Subsidiaries (including Swap
Contracts entered into to unwind or offset other permitted Swap Contracts);
provided that at all times, on a net basis, (i) the aggregate notional volume
for each of natural gas (including natural gas liquids) and crude oil,
calculated separately, covered by market sensitive Swap Contracts for any month
in each of the first and second years of the forthcoming five year period (other
than Excluded Hedges) shall not exceed 100% of the estimated natural gas
(including natural gas liquids) and crude oil production, calculated separately,
from the proven producing reserves of the Borrower and its Restricted
Subsidiaries for each such month in such forthcoming period, it being understood
that crude oil hedges may be used as a substitute for hedging natural gas
liquids so long as such crude oil hedges are identified and consistently
reported as such, and (ii) the aggregate notional volume for each of natural gas
(including natural gas liquids) and crude oil, calculated separately, covered by
market sensitive Swap Contracts for any month in each of the third, fourth and
fifth years of the forthcoming five year period (other than Excluded Hedges)
shall not exceed 85% of the estimated natural gas (including natural gas
liquids) and crude oil production from the proven producing reserves of the
Borrower and its Restricted Subsidiaries for each such month in such forthcoming
period, it being understood that crude oil hedges may be used as a substitute
for hedging natural gas liquids so long as such crude oil hedges are identified
and consistently reported as such; provided further, that at the time the Swap
Contract is entered into the counterparty to such Swap Contract is an Approved
Counterparty; and
     1.6 Amendments. Section 10.01(c) of the Credit Agreement shall be and it
hereby is amended in its entirety to read as follows:
     (c) postpone any date fixed by this Agreement for any payment or mandatory
prepayment of principal, interest, fees or other amounts due to any Lender
(other than any payment or mandatory prepayment required pursuant to
Section 2.11(c) as a result of a reduction in the Borrowing Base or the
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Conforming Borrowing Base pursuant to Section 3.05) or any scheduled or
mandatory reduction of the Commitment of any Lender hereunder or under any other
Loan Document without the written consent of each Lender directly affected
thereby (other than any reduction in the Commitment of any Lender as a result of
a reduction in the Borrowing Base or the Conforming Borrowing Base pursuant to
Section 3.05);
     1.7 Schedule 2.01. Schedule 2.01 attached to the Credit Agreement shall be
and it hereby is replaced in its entirety by Schedule 2.01 attached hereto.
     1.8 Redetermined Borrowing Base. This Amendment shall constitute a notice
of the Redetermination of the Borrowing Base pursuant to Section 3.02 of the
Credit Agreement, and the Administrative Agent hereby notifies the Borrower
that, as of the date of this Amendment, the redetermined Borrowing Base is
$1,200,000,000.
SECTION 2. Reallocation of Commitments and Loans. Fortis Capital Corp.
(“Departing Lender”) desires to assign all of its rights and obligations as a
Lender under the Credit Agreement to BNP Paribas. In addition, the Lenders
(other than the Departing Lender) have agreed among themselves to reallocate
their respective Commitments. Each of the Administrative Agent, the L/C Issuer,
the Swing Line Lender and the Borrower hereby consents to (i) the assignment by
the Departing Lender of its rights and obligations as a Lender under the Credit
Agreement to BNP Paribas and (ii) the reallocation of the Commitments. On the
date this Amendment becomes effective and after giving effect to such
reallocation of the Commitments, the Commitment of the Departing Lender shall
terminate and the Commitment of each Lender shall be as set forth on Schedule
2.01 to this Amendment. With respect to such reallocation, (a) BNP Paribas shall
be deemed to have acquired the Departing Lender’s Commitment and (b) such
acquisition of the Departing Lender’s Commitment and the reallocation of the
Commitments among the Lenders shall be deemed to have been consummated pursuant
to the terms of the Assignment and Assumption Agreement attached as Exhibit C to
the Credit Agreement as if Departing Lender and the other Lenders had executed
an Assignment and Assumption with respect to such acquisition and reallocation.
The Administrative Agent hereby waives the $3,500 processing and recordation fee
set forth in Section 10.06(b)(iv) of the Credit Agreement with respect to the
assignments and reallocations contemplated by this Section 2. To the extent
requested by any Lender, and in accordance with Section 2.16 of the Credit
Agreement, the Borrower shall pay to such Lender, within the time period
prescribed by Section 2.16 of the Credit Agreement, any amounts required to be
paid by the Borrower under Section 2.16 of the Credit Agreement in the event the
payment of any principal of any Eurodollar Loan or the conversion of any
Eurodollar Loan other than on the last day of an Interest Period applicable
thereto is required in connection with the reallocation contemplated by this
Section 2.
SECTION 3. Conditions. The amendments to the Credit Agreement and the
redetermination of the Borrowing Base as set forth in Section 1 of this
Amendment and the reallocation and assignments contained in Section 2 of this
Amendment shall be effective upon the satisfaction of each of the conditions set
forth in this Section 3.
     3.1 Execution and Delivery. Each Loan Party and each Lender (including the
Departing Lender) shall have executed and delivered this Amendment and any other
documents
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requested by the Administrative Agent prior to the date hereof, all in form and
substance satisfactory to the Administrative Agent.
     3.2 No Default. No Default shall have occurred and be continuing.
     3.3 Fees. The Borrower shall have paid (or contemporaneous with this
Amendment becoming effective will pay) to the Agent, for the benefit of the
Lenders, the fees separately agreed upon between the Borrower and the Agent.
     3.4 Other Documents. The Administrative Agent shall have received such
other instruments and documents incidental and appropriate to the transaction
provided for herein as the Administrative Agent or its special counsel may
reasonably request prior to the date hereof, and all such documents shall be in
form and substance satisfactory to the Administrative Agent.
     3.5 Legal Matters Satisfactory. All legal matters incident to the
consummation of the transactions contemplated hereby shall be reasonably
satisfactory to special counsel for the Administrative Agent retained at the
expense of the Borrower.
SECTION 4. Representations and Warranties of the Borrower. To induce the Lenders
to enter into this Amendment, the Borrower hereby represents and warrants to the
Lenders as follows:
     4.1 Reaffirmation of Representations and Warranties/Further Assurances.
After giving effect to the amendments herein, each representation and warranty
of the Borrower or any Guarantor contained in the Credit Agreement or in any
other Loan Document is true and correct in all material respects on the date of
this Amendment (except to the extent such representations and warranties relate
solely to an earlier date).
     4.2 Corporate Authority; No Conflicts. The execution, delivery and
performance by the 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 the Borrower’s or such Guarantor’s corporate or
other organizational powers, have been duly authorized by necessary action,
require no approval, consent or action by or in respect of, or filing with, any
court or agency of government.
     4.3 Enforceability. This Amendment constitutes the valid and binding
obligation of the Borrower 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 5. Miscellaneous.
     5.1 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. The Borrower
hereby agrees that the amendments and modifications herein contained shall not
impair its liabilities, duties and obligations under the Credit Agreement and
the other Loan Documents to which it is a party or
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the Liens granted by it securing the payment and performance thereof. The
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of any Lender, the L/C Issuer or the
Administrative Agent under any of the Loan Documents, nor, except as expressly
provided herein, constitute a waiver or amendment of any provision of any of the
Loan Documents. Upon and after the execution of this Amendment by each of the
parties hereto, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement,
and each reference in the other Loan Documents to “the Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit
Agreement, shall mean and be a reference to the Credit Agreement as modified
hereby. This Amendment is a Loan Document, and all provisions in the Credit
Agreement pertaining to Loan Documents apply hereto.
     5.2 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.
     5.3 Legal Expenses. The Borrower hereby agrees to pay all reasonable fees
and expenses of special counsel to the Administrative Agent incurred by the
Administrative Agent in connection with the preparation, negotiation and
execution of this Amendment and all related documents.
     5.4 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
Borrower, the Lenders, and the Administrative 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.
     5.5 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.
     5.6 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.
     5.7 Governing Law. This Amendment shall be governed by, and construed in
accordance with, the law of the state of Texas.
[Remainder of Page Intentionally Blank. Signature Pages Follow.]
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     IN WITNESS WHEREOF, the parties have caused this Second Amendment to
Amended and Restated Credit Agreement to be duly executed as of the date first
above written.

                  BORROWER:    
 
                CONCHO RESOURCES INC.,
a Delaware corporation    
 
           
 
  By:   /s/ Darin G. Holderness    
 
           
 
  Name:   Darin G. Holderness    
 
  Title:   Vice President, Chief Financial Officer and Treasurer    

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            JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
      By:   /s/ Kimberly A. Bourgeois         Kimberly A. Bourgeois       
Senior Vice President     

            JPMORGAN CHASE BANK, N.A.,
as a Lender, L/C Issuer and Swing Line Lender
      By:   /s/ Kimberly A. Bourgeois         Kimberly A. Bourgeois       
Senior Vice President     

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                  BANK OF AMERICA, N.A.,
as Syndication Agent and a Lender    
 
           
 
  By:   /s/ Jeffrey H. Rathkamp    
 
           
 
  Name:   Jeffrey H. Rathkamp    
 
  Title:   Managing Director    

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                  BNP PARIBAS,
as a Co-Documentation Agent and a Lender    
 
           
 
  By:   /s/ Edward Pak    
 
           
 
  Name:   Edward Pak    
 
  Title:   Vice President    
 
           
 
  By:   /s/ David Dodd    
 
           
 
  Name:   David Dodd    
 
  Title:   Managing Director    

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                  CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, f/k/a CALYON
(NEW YORK BRANCH),         as a Co-Documentation Agent and a Lender    
 
           
 
  By:   /s/ Sharada Manne    
 
           
 
  Name:   Sharada Manne    
 
  Title:   Director    
 
           
 
  By:   /s/ Mark Roche    
 
           
 
  Name:   Mark Roche    
 
  Title:   Managing Director    

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                  ING CAPITAL LLC,         as a Co-Documentation Agent and a
Lender    
 
           
 
  By:   /s/ Charles E. Hall    
 
           
 
  Name:   Charles E. Hall    
 
  Title:   Managing Director    

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

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

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

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                  COMPASS BANK,         as a Lender    
 
           
 
  By:
Name:   /s/ Kathleen J. Bowen
 
Kathleen J. Brown    
 
  Title:   Senior Vice President    

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                  FORTIS CAPITAL CORP.,         as a Departing Lender    
 
           
 
  By:
Name:   /s/ Richard Hawthorne
 
Richard Hawthorne    
 
  Title:   Director    
 
           
 
  By:
Name:   /s/ Betsy Jocher
 
Betsy Jocher    
 
  Title:   Director    

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                  KEY BANK NATIONAL ASSOCIATION,         as a Lender    
 
           
 
  By:
Name:   /s/ Todd Coker
 
Todd Coker    
 
  Title:   Vice President    

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                  U.S. BANK NATIONAL ASSOCIATION,         as a Lender    
 
           
 
  By:
Name:   /s/ Bruce E. Hernandez
 
Bruce E. Hernandez    
 
  Title:   Vice President    

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                  WELLS FARGO BANK, N.A.,         as a Lender    
 
           
 
  By:
Name:   /s/ Thomas E. Stelmar, Jr.
 
Thomas E. Stelmar, Jr.    
 
  Title:   AVP / Portfolio Manager    

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                  SUMITOMO MITSUI BANKING CORPORATION,         as a Lender    
 
           
 
  By:   /s/ Masakazu Hasegawa    
 
  Name:  
 
Masakazu Hasegawa    
 
  Title:   General Manager    

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                  NATIXIS (formerly Natexis Banques Populaires),         as a
Lender    
 
           
 
  By:   /s/ Liana Tchernysheva    
 
  Name:  
 
Liana Tchernysheva    
 
  Title:   Director    
 
           
 
  By:   /s/ Louis P. Laville, III    
 
  Name:  
 
Louis P. Laville, III    
 
  Title:   Managing Director    

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                  SUNTRUST BANK,         as a Lender    
 
           
 
  By:   /s/ Greg Magnuson    
 
  Name:  
 
Greg Magnuson    
 
  Title:   Vice President    

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

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                  BANK OF TEXAS, N.A.,         as a Lender    
 
           
 
  By:   /s/ Jeff Olmstead    
 
  Name:  
 
Jeff Olmstead    
 
  Title:   Assistant Vice President    

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                  CITIBANK, N.A. (formerly Citibank Texas, N.A.),         as a
Lender    
 
           
 
  By:   /s/ Gary T. Brednich    
 
  Name:  
 
Gary T. Brednich    
 
  Title:   Vice President    

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                  DEUTSCHE BANK TRUST COMPANY AMERICAS,         as a Lender    
 
           
 
  By:   /s/ Evelyn Thierry    
 
  Name:  
 
Evelyn Thierry    
 
  Title:   Director    
 
           
 
  By:   /s/ Paul O’Leary    
 
  Name:  
 
Paul O’Leary    
 
  Title:   Director    

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

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CONSENT AND REAFFIRMATION
     The undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a
copy of the foregoing Second Amendment to Amended and Restated Credit Agreement
(the “Second Amendment”); (ii) consents to the 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 for its Guaranty to remain in full
force and effect, and nothing herein shall create such duty or obligation.
     IN WITNESS WHEREOF, the undersigned has executed this Consent and
Reaffirmation on and as of the date of this Second Amendment.

                  GUARANTORS:    
 
                COG OPERATING LLC,         a Delaware limited liability company
   
 
           
 
  By:
Name:   /s/ Darin G. Holderness
 
Darin G. Holderness    
 
  Title:   Vice President, Chief Financial Officer and Treasurer    
 
                COG REALTY LLC,         a Texas limited liability company    
 
           
 
  By:   /s/ Darin G. Holderness    
 
           
 
  Name:   Darin G. Holderness    
 
  Title:   Vice President, Chief Financial Officer and Treasurer    
 
                CONCHO ENERGY SERVICES LLC,         a Texas limited liability
company    
 
           
 
  By:   /s/ Darin G. Holderness    
 
           
 
  Name:   Darin G. Holderness    
 
  Title:   Vice President, Chief Financial Officer and Treasurer    

Second Amendment to Amended and Restated Credit Agreement

          Consent and Reaffirmation

 

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                  QUAIL RANCH LLC,         a Texas limited liability company    
 
           
 
  By:   /s/ Darin G. Holderness    
 
           
 
  Name:   Darin G. Holderness    
 
  Title:   Vice President, Chief Financial Officer and Treasurer    

Second Amendment to Amended and Restated Credit Agreement

          Consent and Reaffirmation

 

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

 

SCHEDULE 2.01
COMMITMENTS
AND APPLICABLE PERCENTAGES

                  Lender   Commitment1   Applicable Percentage
JPMorgan Chase Bank, N.A.
  $ 98,000,000       8.1666667 %
Bank of America, N.A.
  $ 98,000,000       8.1666667 %
BNP Paribas
  $ 95,000,000       7.9166667 %
Credit Agricole Corporate and Investment Bank, f/k/a Calyon (New York Branch)
  $ 95,000,000       7.9166667 %
ING Capital LLC
  $ 95,000,000       7.9166667 %
Wells Fargo Bank
  $ 95,000,000       7.9166667 %
Scotiabanc Inc.
  $ 62,000,000       5.1666667 %
Union Bank, N.A.
  $ 62,000,000       5.1666667 %
Bank of Scotland
  $ 54,000,000       4.5000000 %
Compass Bank
  $ 54,000,000       4.5000000 %
Key Bank National Association
  $ 54,000,000       4.5000000 %
U.S. Bank National Association
  $ 54,000,000       4.5000000 %
Sumitomo Mitsui Banking Corporation
  $ 50,000,000       4.1666666 %
Natixis
  $ 43,000,000       3.5833333 %
Suntrust Bank
  $ 43,000,000       3.5833333 %
Citibank, N.A.
  $ 31,000,000       2.5833333 %
Deutsche Bank Trust Company Americas
  $ 31,000,000       2.5833333 %
The Frost National Bank
  $ 31,000,000       2.5833333 %
Sterling Bank
  $ 30,000,000       2.5000000 %
Bank Of Texas, N.A.
  $ 25,000,000       2.0833333 %
 
               
Total
  $ 1,200,000,000       100.0000000 %

 

1   As of April 26, 2010, and subject to adjustment as a result of changes in
the Borrowing Base and the Maximum Facility Amount.

Second Amendment to Amended and Restated Credit Agreement