Exhibit 10.1

EXECUTION VERSION

NINTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

THIS NINTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (hereinafter
referred to as the “Amendment”) is dated as of November 20, 2017 (the “Ninth
Amendment Effective Date”), by and among EXCO RESOURCES, INC. (“Borrower”),
CERTAIN SUBSIDIARIES OF BORROWER, as Guarantors (the “Guarantors”), the LENDERS
party hereto (the “Lenders”), and JPMORGAN CHASE BANK, N.A., as Administrative
Agent (“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 amended herein (as defined below).

WITNESSETH:

WHEREAS, Borrower, the Guarantors, Administrative Agent and the Lenders have
entered into that certain Amended and Restated Credit Agreement dated as of
July 31, 2013 (as the same has been amended, restated, amended and restated,
supplemented or otherwise modified from time to time prior to the date hereof,
the “Existing Agreement” and as further amended by this Amendment, the “Credit
Agreement”);

WHEREAS, the Borrower has requested that the Administrative Agent and the
Lenders (or at least the required percentage thereof) enter into this Amendment
to amend certain terms of the Existing Agreement as set forth herein; and

WHEREAS, Administrative Agent, the Lenders, Borrower and the Guarantors desire
to amend the Existing Agreement as provided herein upon the terms and conditions
set forth herein.

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, Borrower, the
Guarantors, Administrative Agent and the Lenders hereby agree as follows:

SECTION 1. Amendment 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 effective as of the
Ninth Amendment Effective Date in the manner provided in this Section 1.

1.1    Amended Definition of “Indebtedness”. The definition of “Indebtedness”
set forth in Section 1.01 of the Credit Agreement is amended as follows:

(a)    Clause (c) shall be and it hereby is amended and restated in its entirety
to read as follows:

(c) all obligations of such Person upon which interest charges are paid
(excluding accounts payable incurred in the ordinary course of business)

 

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(b)    The parenthetical in clause (e) shall be and it hereby is amended and
restated in its entirety to read as follows:

(excluding accounts payable incurred in the ordinary course of business)

SECTION 2. Conditions Precedent. The amendment 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 Credit Party, the Lenders (or at least
the required percentage thereof) and Administrative Agent shall have executed
and delivered this Amendment.

2.2    No Default. No Default or Event of Default shall have occurred and be
continuing or shall result after giving effect to this Amendment.

2.3    Other Documents. Administrative Agent shall have received such other
instruments and documents incidental and appropriate to the transactions
provided for herein as Administrative Agent or its special counsel may
reasonably request, and all such documents shall be in form and substance
satisfactory to Administrative Agent.

SECTION 3.    Representations and Warranties of Borrower. To induce the Lenders
to enter into this Amendment, each Credit Party hereby represents and warrants
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 such
Credit Party contained in the Credit Agreement or in any other Loan Document 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, in
which case such representations and warranties shall have been true and correct
in all material respects as of such date and any representation or warranty
which is qualified by reference to “materiality” or “Material Adverse Effect” is
true and correct in all respects), but to the extent such qualified
representations and warranties relate solely to an earlier date, such qualified
representations and warranties shall have been true and correct as of such date.

3.2    Corporate Authority; No Conflicts. The execution, delivery and
performance by such Credit Party of this Amendment and all documents,
instruments and agreements contemplated herein are within such Credit Party’s
corporate or other organizational powers, have been duly authorized by all
necessary action, require no action by or in respect of, or filing with, any
Governmental Authority (except the filing of this Amendment and related
documents by the Borrower, with, and other required disclosures required by, the
Securities and Exchange Act of 1934, as amended) and do not violate or
constitute a default under any provision of any applicable law or other
agreements binding upon such Credit Party or result in the creation or
imposition of any Lien upon any of the assets of such Credit Party except for
Liens permitted under Section 7.02 of the Credit Agreement.

 

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3.3    Enforceability. This Amendment has been duly executed and delivered by
each Credit Party and constitutes the valid and binding obligation of such
Credit Party 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.

3.4    No Default. As of the date of this Amendment, both before and immediately
after giving effect to this Amendment, no Default or Event of Default has
occurred and is continuing.

SECTION 4. Miscellaneous.

4.1    Reaffirmation of Loan Documents and Liens. Except as amended and modified
hereby, any and all of the terms and provisions of the Credit Agreement and the
other Loan Documents shall remain in full force and effect and are hereby in all
respects ratified and confirmed by each Credit Party. Each Credit Party hereby
agrees that the amendments and modifications herein contained shall in no manner
affect or impair the liabilities, duties and obligations of any Credit Party
under the Credit Agreement and the other Loan Documents or the Liens securing
the payment and performance thereof.

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. Each Credit Party hereby agrees to pay all reasonable
fees and expenses of special counsel to Administrative Agent incurred by
Administrative 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. 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.

 

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4.7    Severability. Any provision of this Amendment held to be invalid, illegal
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability
without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction.

4.8    Governing Law. This Amendment shall be construed in accordance with and
governed by the laws of the State of New York.

4.9    Reference to and Effect on the Loan Documents.

(a)    This Amendment shall be deemed to constitute a Loan Document for all
purposes and in all respects. Each reference in the Existing Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein” or words of like import, and each
reference in the Existing Agreement or in any other Loan Document, or other
agreements, documents or other instruments executed and delivered pursuant to
the Existing Agreement to the “Credit Agreement”, shall mean and be a reference
to the Credit Agreement as amended by this Amendment.

(b)    The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of any Lender or
Administrative Agent under any of the Loan Documents, nor constitute a waiver of
any provision of any of the Loan Documents.

[SIGNATURE PAGES FOLLOW]

 

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

 

BORROWER: EXCO RESOURCES, INC. By:  

/s/ Tyler Farquharson

Name:   Tyler Farquharson Title:   Vice President, Chief Financial Officer and  
Treasurer

GUARANTORS: EXCO HOLDING (PA), INC. EXCO PRODUCTION COMPANY (PA), LLC EXCO
PRODUCTION COMPANY (WV), LLC EXCO RESOURCES (XA), LLC EXCO SERVICES, INC. EXCO
MIDCONTINENT MLP, LLC EXCO PARTNERS GP, LLC EXCO PARTNERS OLP GP, LLC EXCO
HOLDING MLP, INC. EXCO LAND COMPANY, LLC

By:  

/s/ Tyler Farquharson

Name:   Tyler Farquharson Title:   Vice President, Chief Financial Officer and  
Treasurer EXCO OPERATING COMPANY, LP By:   EXCO Partners OLP GP, LLC,   its
general partner   By:  

/s/ Tyler Farquharson

  Name:   Tyler Farquharson   Title:   Vice President, Chief Financial    
Officer and Treasurer

 

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EXCO GP PARTNERS OLD, LP By:   EXCO Partners GP, LLC,   its general partner  
By:  

/s/ Tyler Farquharson

  Name:   Tyler Farquharson   Title:   Vice President, Chief Financial Officer
and Treasurer RAIDER MARKETING GP, LLC By:  

/s/ Tyler Farquharson

Name:   Tyler Farquharson Title:   Vice President, Chief Financial Officer and
Treasurer RAIDER MARKETING, LP By:   Raider Marketing GP, LLC   its general
partner   By:  

/s/ Tyler Farquharson

  Name:   Tyler Farquharson   Title:   Vice President, Chief Financial Officer
and Treasurer

 

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JPMORGAN CHASE BANK, N.A., as a Lender and as Administrative Agent and Issuing
Bank By:  

/s/ David M. Morris

Name:   David M. Morris Title:   Authorized Officer

 

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BANK OF AMERICA, N.A., as a Lender By:  

/s/ C. Mark Hedrick

Name:   C. Mark Hedrick Title:   Managing Director

 

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender By:  

/s/ Bryan McDavid

Name:   Bryan McDavid Title:   Director

 

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BMO HARRIS BANK N.A., as a Lender By:  

/s/ James V. Ducote

Name:   James V. Ducote Title:   Managing Director

 

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UBS AG, STAMFORD BRANCH, as a Lender By:  

/s/ Darlene Arias

Name:   Darlene Arias Title:   Director By:  

/s/ Kenneth Chin

Name:   Kenneth Chin Title:   Director

 

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NATIXIS, New York Branch as a Lender By:  

/s/ Brice Le Foyer

Name:   Brice Le Foyer

Title:

  Director By:  

/s/ Vikram Nath

Name:   Vikram Nath Title:   Director

 

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DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender By:  

/s/ Dusan Lazarov

Name:   Dusan Lazarov Title:   Director By:  

/s/ Marcus Tarkington

Name:   Marcus Tarkington Title:   Director

 

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GOLDMAN SACHS BANK USA, as a Lender By:  

/s/ Chris Lam

Name:   Chris Lam Title:   Authorized Signatory

 

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CAPITAL ONE, NATIONAL ASSOCIATION,

as a Lender

By:  

/s/ Mark Brewster

Name:   Mark Brewster Title:   Vice President

 

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ING CAPITAL LLC, as a Lender By:  

/s/ Julie Bieser

Name:   Julie Bieser Title:   Managing Director By:  

/s/ Scott Lamoreaux

Name:   Scott Lamoreaux Title:   Director