EXHIBIT 10.5

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SECOND AMENDMENT TO

5-YEAR REVOLVING CREDIT AGREEMENT

dated as of

October 25, 2006

among

XTO ENERGY INC.,

as Borrower,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

and

The Lenders Party Hereto

 

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BANK OF AMERICA, N.A.,

BNP PARIBAS,

CALYON NEW YORK BRANCH,

and

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Co-Syndication Agents

and

CITIBANK, N.A.,

HARRIS NESBITT FINANCING, INC.,

and

SUNTRUST BANK,

as Co-Documentation Agents

 

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J.P. MORGAN SECURITIES INC. and BANC OF AMERICA SECURITIES LLC,

as Co-Arrangers and Joint Bookrunners

 

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SECOND AMENDMENT TO 5-YEAR REVOLVING CREDIT AGREEMENT

THIS SECOND AMENDMENT TO 5-YEAR REVOLVING CREDIT AGREEMENT (this “Second
Amendment”) dated as of October 25, 2006, is among XTO ENERGY INC., a Delaware
corporation, as the Borrower; JPMORGAN CHASE BANK, N.A., as Administrative
Agent, JPMORGAN CHASE BANK, N.A., BANK OF AMERICA, N.A., and U.S. BANK NATIONAL
ASSOCIATION, as Issuing Banks, and the Lenders party hereto.

RECITALS

A. The Borrower, the Administrative Agent and the Lenders are parties to that
certain 5-Year Revolving Credit Agreement dated as of April 1, 2005 (as amended
by the First Amendment to 5-Year Revolving Credit Agreement dated as of
March 10, 2006, the “Credit Agreement”), pursuant to which the Lenders have made
certain loans to and extensions of credit for the account of the Borrower.

B. The Borrower has requested and the Lenders have agreed to amend certain
provisions of the Credit Agreement.

C. NOW, THEREFORE, 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. Unless
otherwise indicated, all article and section references in this Second Amendment
refer to articles and sections of the Credit Agreement.

Section 2. Amendments to Credit Agreement.

2.1 Amendments to Section 1.01.

(a) The definition of “Agreement” is hereby amended in its entirety to read as
follows:

“Agreement” means this 5-Year Revolving Credit Agreement, as amended by the
First Amendment and the Second Amendment, as the same may from time to time be
amended, modified, restated, or replaced from time to time.

(b) The following definition is hereby added where alphabetically appropriate to
read as follows:

“Second Amendment” means the Second Amendment to 5-Year Revolving Credit
Agreement dated as of October 25, 2006 among the Borrower and the Lenders party
thereto.

2.2 Amendment to Section 4.02. Section 4.02 is hereby amended in its entirety to
read as follows:

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“Section 4.02 Each Credit Event. The obligation of each Lender to make a Loan on
the occasion of any Borrowing, and of the Issuing Banks to issue, amend, renew
or extend any Letter of Credit, is subject to the satisfaction of the following
conditions:

(a) The representations and warranties of the Borrower set forth in this
Agreement and of the Subsidiary Guarantors set forth in the Subsidiary
Guaranties shall be true and correct on and as of the date of such Borrowing or
the date of the issuance, amendment, renewal or extension of such Letter of
Credit, as applicable.

(b) At the time of and immediately after giving effect to such Borrowing or the
issuance, amendment, renewal or extension of such Letter of Credit, as
applicable, no Default shall have occurred and be continuing.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of
Credit shall be deemed to constitute a representation and warranty by the
Borrower on the date thereof as to the matters specified in paragraphs (a) and
(b) of this Section.”

Section 3. Conditions Precedent. This Second Amendment shall not become
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 9.02(b) of the Credit Agreement) (the
“Effective Date”):

3.1 The Administrative Agent shall have received from the Required Lenders and
the Borrower, counterparts (in such number as may be requested by the
Administrative Agent) of this Second Amendment signed on behalf of such Persons.

3.2 The Administrative Agent shall have received such other documents as the
Administrative Agent or special counsel to the Administrative Agent may
reasonably request.

3.3 No Default shall have occurred and be continuing, after giving effect to the
terms of this Second Amendment.

Section 4. Miscellaneous.

4.1 Confirmation. The provisions of the Credit Agreement, as amended by this
Second Amendment, shall remain in full force and effect following the
effectiveness of this Second Amendment.

4.2 Ratification and Affirmation; Representations and Warranties. The Borrower
hereby (a) ratifies and affirms its obligations under, and acknowledges, renews
and extends 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, except as expressly amended hereby, notwithstanding the
amendments contained herein and (b) represents and warrants to the Lenders that
as of the date hereof, after giving effect to the terms of this Second
Amendment: (i) all of the representations and warranties contained in each Loan
Document to which it is a party are true and correct, except to the extent any
such representations and warranties are expressly

 

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limited to an earlier date, in which case, such representations and warranties
shall continue to be true and correct as of such specified earlier date, (ii) no
Default has occurred and is continuing and (iii) since December 31, 2005, there
has been no event, development or circumstance that has had or could reasonably
be expected to have a Material Adverse Effect.

4.3 Loan Document. This Second Amendment is a “Loan Document” as defined and
described in the Credit Agreement and all of the terms and provisions of the
Credit Agreement relating to Loan Documents shall apply hereto.

4.4 Counterparts. This Second 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 Second Amendment by facsimile transmission shall be
effective as delivery of a manually executed counterpart hereof.

4.5 NO ORAL AGREEMENT. THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL
AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.

4.6 GOVERNING LAW. THIS SECOND AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE
VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.

[SIGNATURES BEGIN NEXT PAGE]

 

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

 

XTO ENERGY INC.

By:  

/s/ Brent W. Clum

 

Brent W. Clum

 

Vice President & Treasurer

 

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Administrative Agent, Issuing

Bank & Lender:

   

JPMORGAN CHASE BANK, N.A.

     

By:

 

/s/ Robert Traband

       

Robert Traband

       

Vice President

 

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Issuing Bank & Lender:

   

BANK OF AMERICA, N.A.

     

By:

 

/s/ Ronald E. McKaig

       

Ronald E. McKaig

       

Senior Vice President

 

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Lender:

   

BNP PARIBAS

     

By:

 

/s/ David Dodd

     

Name:

 

David Dodd

     

Title:

 

Director

     

By:

 

/s/ Polly Schott

     

Name:

 

Polly Schott

     

Title:

 

Vice President

 

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Lender:

   

CALYON NEW YORK BRANCH

     

By:

 

/s/ Tom Byargeon

     

Name:

 

Tom Byargeon

     

Title:

 

Managing Director

     

By:

 

/s/ Michael Willis

     

Name:

 

Michael Willis

     

Title:

 

Director

 

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Lender:

   

WACHOVIA BANK, NATIONAL

ASSOCIATION

     

By:

 

/s/ Paul Pritchett

       

Paul Pritchett

       

Vice President

 

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Lender:

   

CITIBANK, N.A.

     

By:

 

/s/ James Reilly

       

James Reilly

       

Attorney-in-Fact

 

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Lender:

   

HARRIS NESBITT FINANCING, INC.

     

By:

 

/s/ James V. Ducote

       

James V. Ducote

       

Vice President

 

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Lender:

   

SUNTRUST BANK

     

By:

 

/s/ James M. Warren

       

James M. Warren

       

Managing Director

 

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Lender:

   

ABN AMRO BANK N.V.

     

By:

 

/s/ Jamie Conn

       

Jamie Conn

       

Managing Director

     

By:

 

/s/ John Reed

       

John Reed

       

Director

 

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Lender:

   

BARCLAYS BANK PLC

     

By:

 

/s/ Nicholas Bell

     

Name:

 

Nicholas Bell

     

Title:

 

Director

 

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Lender:

   

DEUTSCHE BANK AG NEW YORK BRANCH

     

By:

 

/s/ Ming K. Chu

     

Name:

 

Ming K. Chu

     

Title:

 

Vice President

     

By:

 

/s/ Vincent Wong

     

Name:

 

Vincent Wong

     

Title:

 

Vice President

 

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Lender:

   

FORTIS CAPITAL CORP.

     

By:

 

/s/ Michele Jones

       

Michele Jones

       

Senior Vice President

     

By:

 

/s/ Darrell Holley

     

Name:

 

Darrell Holley

     

Title:

 

Managing Director

 

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Lender:

   

THE ROYAL BANK OF SCOTLAND plc

     

By:

 

/s/ David Slye

     

Name:

 

David Slye

     

Title:

 

Vice President

 

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Lender:

   

WELLS FARGO BANK, N.A.

     

By:

 

/s/ Charles D. Kirkham

       

Charles D. Kirkham

       

Vice President

 

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Lender:

   

THE BANK OF NEW YORK

     

By:

 

/s/ Craig Anderson

       

Craig Anderson

       

Vice President

 

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Lender:

   

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

HOUSTON AGENCY

     

By:

 

/s/ Kelton Glasscock

       

Kelton Glasscock

       

Vice President and Manager

 

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Issuing Bank & Lender:

   

U.S. BANK NATIONAL ASSOCIATION

     

By:

 

/s/ Mark E. Thompson

       

Mark E. Thompson

       

Vice President

 

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Lender:

   

COMERICA BANK

     

By:

 

/s/ Peter L. Sefzik

       

Peter L. Sefzik

       

Vice President

 

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Lender:

   

UBS LOAN FINANCE LLC

     

By:

 

/s/ Richard L. Tavrow

     

Name:

 

Richard L. Tavrow

     

Title:

 

Director

     

By:

 

/s/ Irja R. Otsa

     

Name:

 

Irja R. Otsa

     

Title:

 

Associate Director

 

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Lender:

   

KBC BANK, N.V.

     

By:

          

Name:

       

Title:

       

By:

          

Name:

       

Title:

 

 

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Lender:

   

NATEXIS BANQUES POPULAIRES

     

By:

 

/s/ Louis P. Laville, III

       

Louis P. Laville, III

       

Vice President & Manager

     

By:

 

/s/ Daniel Payer

       

Daniel Payer

       

Vice President

 

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