Exhibit 10.2

EXECUTION VERSION

 

FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED

CREDIT AGREEMENT

THIS FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of October 18, 2019, is by and among RANGE RESOURCES
CORPORATION, a Delaware corporation (the “Borrower”), the LENDERS party hereto
and JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Lenders (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 have entered
into that certain Sixth Amended and Restated Credit Agreement, dated as of April
13, 2018 (as amended, restated, 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 as provided herein, and the Administrative
Agent and the Majority Lenders have agreed to do so on and subject to 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 Majority 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 of this Amendment,
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.

1.1Additional Definitions.  Section 1.1 of the Credit Agreement is hereby
amended by adding the following definitions thereto in alphabetical order:

“Beneficial Ownership Certification” means a certification regarding beneficial
ownership or control as required by the Beneficial Ownership Regulation.

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined
under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

“Covered Entity” means any of the following:

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(i)

a “covered entity” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 252.82(b);

 

 

(ii)

a “covered bank” as that term is defined in, and interpreted in accordance with,
12 C.F.R. § 47.3(b); or

 

 

(iii)

a “covered FSI” as that term is defined in, and interpreted in accordance with,
12 C.F.R. § 382.2(b).

 

“Covered Party” has the meaning assigned to it in Section 13.28.

“First Amendment Effective Date” means October 18, 2019.

“QFC” has the meaning assigned to the term “qualified financial contract” in,
and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

“QFC Credit Support” has the meaning assigned to it in Section 13.28.

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal
Reserve Bank of New York, or a committee officially endorsed or convened by the
Federal Reserve Board and/or the Federal Reserve Bank of New York or any
successor thereto.

“Supported QFC” has the meaning assigned to it in Section 13.28.

“U.S. Special Resolution Regime” has the meaning assigned to it in Section
13.28.

1.2Amended Definition.  The definition of “Commitment” in Section 1.1 of the
Credit Agreement is hereby amended and restated to read in its entirety as
follows:

 

“Commitment” shall mean, (a) with respect to each Lender that is a Lender on the
First Amendment Effective Date, the amount set forth opposite such Lender’s name
on Schedule 1.1(a) as such Lender’s “Commitment” and (b) in the case of any
Lender that becomes a Lender after the First Amendment Effective Date, (i) the
amount specified as such Lender’s “Commitment” in the Assignment and Assumption
pursuant to which such Lender assumed a portion of the Total Commitment, or (ii)
the amount specified in Schedule 1.1(a) as amended by any Incremental Agreement,
in each case as the same may be changed from time to time pursuant to terms of
this Agreement. The aggregate amount of the Commitments as of the First
Amendment Effective Date is $2,400,000,000.

 

1.3LIBOR Replacement.  Section 2.17(c) of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

(c)If at any time the Administrative Agent determines (which determination shall
be conclusive absent manifest error) that (i) the circumstances set forth in
clause (a)(i) have arisen and such circumstances are unlikely to be

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temporary or (ii) the circumstances set forth in clause (a)(i) have not arisen
but either (w) the supervisor for the administrator of the LIBO Screen Rate has
made a public statement that the administrator of the LIBO Screen Rate is
insolvent (and there is no successor administrator that will continue
publication of the LIBO Screen Rate), (x) the administrator of the LIBO Screen
Rate has made a public statement identifying a specific date after which the
LIBO Screen Rate will permanently or indefinitely cease to be published by it
(and there is no successor administrator that will continue publication of the
LIBO Screen Rate), (y) the supervisor for the administrator of the LIBO Screen
Rate has made a public statement identifying a specific date after which the
LIBO Screen Rate will permanently or indefinitely cease to be published or
(z)  the supervisor for the administrator of the LIBO Screen Rate or a
Governmental Authority having jurisdiction over the Administrative Agent has
made a public statement identifying a specific date after which the LIBO Screen
Rate may no longer be used for determining interest rates for loans, then the
Administrative Agent and the Borrower shall endeavor to establish an alternate
rate of interest to the LIBOR Rate that gives due consideration to (I) any
selection or recommendation of a replacement rate or the mechanism for
determining such a rate by the Relevant Governmental Body or (II) any evolving
or then prevailing market convention for determining a rate of interest for
syndicated loans in the United States at such time, and shall enter into an
amendment to this Agreement to reflect such alternate rate of interest and such
other related changes to this Agreement as may be applicable (but for the
avoidance of doubt, such related changes shall not include a reduction of the
Applicable Margin); provided that, if such alternate rate of interest as so
determined would be less than zero, such rate shall be deemed to be zero for the
purposes of this Agreement.  Notwithstanding anything to the contrary in Section
13.1, such amendment shall become effective without any further action or
consent of any other party to this Agreement so long as the Administrative Agent
shall not have received, within five Business Days of the date notice of such
alternate rate of interest is provided to the Lenders, a written notice from the
Majority Lenders stating that such Majority Lenders object to such
amendment.  Until an alternate rate of interest shall be determined in
accordance with this clause (c) (but, in the case of the circumstances described
in clause (ii)(w), clause(ii)(x), or clause(ii)(y) of the first sentence of this
Section 2.17(c), only to the extent the LIBO Screen Rate for such Interest
Period is not available or published at such time on a current basis), (x) any
requests by the Borrower for the conversion of any Borrowing to, or continuation
of any Borrowing as, a LIBOR Loan shall be ineffective and (y) if any Notice of
Borrowing requests a LIBOR Loan, such Loan shall be made as an ABR Loan.

1.4Beneficial Ownership Notices.  Section 9.1(f) of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

(f)Other Information. (i) Promptly upon filing thereof, copies of any filings
(including on Form 10-K, 10-Q or 8-K) or registration statements with, and
reports to, the SEC or any analogous Governmental Authority in any relevant
jurisdiction by the Borrower or any of the Subsidiaries (other than amendments
to

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any registration statement (to the extent such registration statement, in the
form it becomes effective, is delivered to the Administrative Agent), exhibits
to any registration statement and, if applicable, any registration statements on
Form S-8), (ii) promptly upon distribution thereof, copies of all financial
statements, proxy statements, notices and reports that the Borrower or any of
the Restricted Subsidiaries shall send to the holders of any publicly issued
debt of the Borrower and/or any of the Restricted Subsidiaries, in each case in
their capacity as such holders, lenders or agents (in each case to the extent
not theretofore delivered to the Administrative Agent pursuant to this
Agreement), (iii) promptly following knowledge of the occurrence thereof,
written notice of any change in the information provided in the Beneficial
Ownership Certification delivered to any Lender that would result in a change to
the list of beneficial owners identified in such certification, (iv) promptly
following any request therefor, information and documentation reasonably
requested by the Administrative Agent or any Lender for purposes of compliance
with applicable “know your customer” and anti-money laundering rules and
regulations, including the Patriot Act and the Beneficial Ownership Regulation
and (v) with reasonable promptness, but subject to the limitations set forth in
the last sentences of Section 9.2(a) and Section 13.6, such other information
(financial or otherwise) as the Administrative Agent on its own behalf or on
behalf of any Lender (acting through the Administrative Agent) may reasonably
request in writing from time to time.

1.5Restricted Payments.  Section 10.6(h) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

(h)so long as, after giving pro forma effect thereto, together with any
concurrent Restricted Payments being paid under this Section 10.6(h) and Section
10.6(i), (i) no Event of Default shall have occurred and be continuing, and (ii)
the Available Commitment is not less than 15% of the then effective Loan Limit
(on a pro forma basis after giving effect to such Restricted Payment), and (iii)
the Consolidated Funded Debt to Consolidated EBITDAX Ratio does not exceed 3.25
to 1.00, on a pro forma basis as of the date of such Restricted Payment (with
Consolidated EBITDAX determined as of the end of the last Test Period), the
Borrower may make, declare and pay additional Restricted Payments in cash
without limit to the holders of its Stock and Stock Equivalents; provided that,
clause (iii) above shall not apply to Restricted Payments in an aggregate amount
of up to $100,000,000 made by Borrower within twelve months following the First
Amendment Effective Date using net cash proceeds of Dispositions permitted under
Section 10.4 or premium proceeds from Hedge Agreement transactions;

1.6Debt Payment Incurrence.  Section 10.7(a)(C)(2) of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

(2) Available Commitment is not less than 15% of the then effective Loan Limit
(on a pro forma basis after giving effect to such prepayment, repurchase,
redemption, or defeasance); and

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1.7Hedge Agreements.  Sections 10.10(a)(i) and (iv) of the Credit Agreement are
each hereby amended and restated in their respective entirety to read as
follows:

(i)subject to the proviso below, as of the end of each fiscal quarter, on a net
basis, the aggregate daily notional volume determined on a month by month basis
for each of natural gas, natural gas liquids and crude oil, calculated
separately, covered by all Hedge Agreements with a term greater than sixty (60)
months from the date each such Hedge Agreement is entered into shall not exceed
20% of the average consolidated daily production volumes of natural gas, natural
gas liquids and crude oil, calculated separately, of the Borrower and its
Restricted Subsidiaries for the most recently ended four fiscal quarter period
(after giving pro forma effect to any Dispositions permitted under Section 10.4
during such period, and excluding the effect of any force majeure events during
such period), and the Borrower shall and shall cause the Restricted Subsidiaries
to promptly, but in any event within forty-five (45) days following the end of
each fiscal quarter, enter into Hedge Terminations to the extent necessary to be
in compliance with the limitations set forth in this clause (i) (but no Default
or Event of Default shall be deemed to have arisen during such 45 day period);
provided, that, notwithstanding the foregoing and regardless of whether such
percentage limitation is exceeded, the Borrower and the Restricted Subsidiaries
shall have no obligation to enter into any Hedge Terminations (and no Default or
Event of Default shall arise hereunder from exceeding such percentage
limitation) unless long-dated Hedge Agreements subject to this clause are within
24 months of their scheduled maturity date (in which case such obligation shall
arise only with respect to long-dated Hedge Agreements that are within 24 months
of their scheduled maturity date, with Hedge Terminations for long-dated Hedge
Agreements with a scheduled maturity date outside of such 24 month period at the
option of the Borrower to satisfy such requirement);

(iv)notwithstanding the separate calculation requirements for natural gas,
natural gas liquids and crude oil in clauses (i), (ii) and (iii) above, so long
as the Borrower and the Restricted Subsidiaries properly identify and
consistently report such hedges, the Borrower and the Restricted Subsidiaries
may utilize crude oil hedges as a substitute for hedging natural gas liquids.

1.8Divisions.  A new Section 1.11 is hereby added to the Credit Agreement to
read in its entirety as follows:

1.11Divisions.  For all purposes under the Loan Documents, in connection with
any division or plan of division under Delaware law (or any comparable event
under a different jurisdiction’s laws): (a) if any asset, right, obligation or
liability of any Person becomes the asset, right, obligation or liability of a
different Person, then it shall be deemed to have been transferred from the
original Person to the subsequent Person, and (b) if any new Person comes into
existence, such new Person shall be deemed to have been organized on the first
date of its existence by the holders of its Stock at such time.

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1.9Qualified Financial Contracts.  A new Section 13.28 is hereby added to the
Credit Agreement to read in its entirety as follows:

13.28 Acknowledgement Regarding Any Supported QFCs.  To the extent that the
Credit Documents provide support, through a guarantee or otherwise, for Hedge
Agreements or any other agreement or instrument that is a QFC (such support “QFC
Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge
and agree as follows with respect to the resolution power of the Federal Deposit
Insurance Corporation under the Federal Deposit Insurance Act and Title II of
the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the
regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in
respect of such Supported QFC and QFC Credit Support (with the provisions below
applicable notwithstanding that the Credit Documents and any Supported QFC may
in fact be stated to be governed by the laws of the State of New York and/or of
the United States or any other state of the United States):

 

In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime,
the transfer of such Supported QFC and the benefit of such QFC Credit Support
(and any interest and obligation in or under such Supported QFC and such QFC
Credit Support, and any rights in property securing such Supported QFC or such
QFC Credit Support) from such Covered Party will be effective to the same extent
as the transfer would be effective under the U.S. Special Resolution Regime if
the Supported QFC and such QFC Credit Support (and any such interest, obligation
and rights in property) were governed by the laws of the United States or a
state of the United States. In the event a Covered Party or a BHC Act Affiliate
of a Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights under the Credit Documents that might
otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater
extent than such Default Rights could be exercised under the U.S. Special
Resolution Regime if the Supported QFC and the Credit Documents were governed by
the laws of the United States or a state of the United States. Without
limitation of the foregoing, it is understood and agreed that rights and
remedies of the parties with respect to a Defaulting Lender shall in no event
affect the rights of any Covered Party with respect to a Supported QFC or any
QFC Credit Support.

1.10Schedule 1.1(a).  Schedule 1.1(a) of the Credit Agreement is hereby amended
and restated in its entirety to read as set forth on Schedule 1.1(a) attached
hereto.

SECTION 2.Reallocation and Increase of Commitments.  The Lenders have agreed
among themselves to reallocate their respective Commitments, and to, among other
things, permit one or more of the Lenders to increase their respective
Commitments under the Credit Agreement (each an “Increasing Lender”).  Each of
the Administrative Agent, the Borrower and each other Credit Party hereby
consents to (i) the reallocation of the Commitments as set forth on Schedule
1.1(a) to this Amendment, and (ii) the increase in each Increasing Lender’s
Commitment.  On the date this

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Amendment becomes effective and after giving effect to such reallocation,
increase and assignment of the Commitments, the Commitment and Commitment
Percentage of each Lender shall be as set forth on Schedule 1.1(a) to the Credit
Agreement, as amended by this Amendment.  Each Lender hereby consents to the
Commitments set forth on Schedule 1.1(a) to the Credit Agreement, as amended by
this Amendment.  The reallocation of the Commitments among the Lenders shall be
deemed to have been consummated pursuant to the terms of the Assignment and
Assumption attached as Exhibit G to the Credit Agreement as if the Lenders had
executed an Assignment and Assumption with respect to such reallocation.  The
Administrative Agent hereby waives the $3,500 processing and recordation fee set
forth in Section 13.6(b)(ii)(C) 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 2.11 of the Credit
Agreement, the Borrower shall pay to such Lender, within the time period
prescribed by Section 2.11 of the Credit Agreement, any amounts required to be
paid by the Borrower under Section 2.11 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. On the date hereof, the Administrative Agent shall take the actions
specified in Section 13.6, including recording the assignments described herein
in the Register, and such assignments shall be effective for purposes of the
Credit Agreement.  

SECTION 3.Conditions.  The amendments to the Credit Agreement contained in
Section 1 of this Amendment, the reallocation and increase of Commitments
contained in Section 2 of this Amendment shall be effective upon the
satisfaction of each of the conditions set forth in this Section 3.

3.1Execution and Delivery.  The Borrower, the Majority Lenders, and the
Administrative Agent shall have executed and delivered this Amendment and each
other required document, all in form and substance satisfactory to the
Administrative Agent.

3.2Consent and Reaffirmation.  The Guarantors shall have executed and delivered
the Consent and Reaffirmation attached hereto (the “Consent and Reaffirmation”).

3.3Fees and Expenses.  The Administrative Agent shall have received payment of
all costs, fees, expenses (including the fees and expenses of the Administrative
Agent’s counsel) of the Administrative Agent and other amounts due and payable
in connection with this Amendment (to the extent billed prior to the First
Amendment Effective Date).

3.4No Default.  No Default or Event of Default shall have occurred and be
continuing or shall result from the effectiveness of this Amendment.

3.5Other Documents.  The Administrative Agent shall have received such other
instruments and documents incidental and appropriate to the transactions
provided for herein as the Administrative Agent or its special counsel may
reasonably request, and all such documents shall be in form and substance
satisfactory to the Administrative Agent.

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:

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4.1Reaffirmation of Representations and Warranties/Further Assurances.  Subject
to Section 5.1 hereof, after giving effect to the amendments contained herein,
each representation and warranty of the Borrower and each Guarantor contained in
the Credit Agreement and in each of the other Credit 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, in which case
they shall be true and correct as of such earlier date).

4.2Corporate Power and Authority; Enforceability.  The Borrower has the
corporate or other organizational power and authority to execute, deliver and
carry out the terms and provisions of this Amendment and has taken all necessary
corporate or other organizational action to authorize the execution, delivery
and performance of this Amendment.  The Borrower has duly executed and delivered
this Amendment and this Amendment constitutes the legal, valid and binding
obligation of the Borrower enforceable in accordance with its terms, subject to
the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and
other similar laws relating to or affecting creditors' rights generally and
general principles of equity (whether considered in a proceeding in equity or
law).  Each Guarantor has the corporate or other organizational power and
authority to execute, deliver and carry out the terms and provisions of the
Consent and Reaffirmation attached hereto and has taken all necessary corporate
or other organizational action to authorize the execution, delivery and
performance of the Consent and Reaffirmation.  Each Guarantor has duly executed
and delivered the Consent and Reaffirmation and the Consent and Reaffirmation
constitutes the legal, valid and binding obligation of the Guarantors
enforceable in accordance with its terms, subject to the effects of bankruptcy,
insolvency, fraudulent conveyance, reorganization and other similar laws
relating to or affecting creditors' rights generally and general principles of
equity (whether considered in a proceeding in equity or law).

4.3Beneficial Ownership.  As of the First Amendment Effective Date, to the best
knowledge of the Borrower, the information included in the Beneficial Ownership
Certification provided on or prior to the First Amendment Effective Date to any
Lender in connection with the Credit Agreement is true and correct in all
respects.

4.4No Violation.  None of the execution, delivery or performance by the Borrower
of this Amendment, nor by the Guarantors of the Consent and Reaffirmation, or
the compliance with the terms and provisions of each thereof will (a) contravene
any material applicable provision of any material Requirement of Law, (b) result
in any breach of any of the terms, covenants, conditions or provisions of, or
constitute a default under, or result in the creation or imposition of (or the
obligation to create or impose) any Lien upon any of the property or assets of
the Borrower (other than Liens created under the Credit Documents) pursuant to
the terms of any Contractual Requirement except to the extent such breach,
default or Lien would not reasonably be expected to result in a Material Adverse
Effect or (c) violate any provision of the certificate of incorporation, by-laws
or other organizational documents of the Borrower.

4.5No 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.

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SECTION 5.Miscellaneous.

5.1Mortgages.  On or before the date that is thirty (30) days after the First
Amendment Effective Date (or such later date as the Administrative Agent in its
sole discretion may agree), to the extent necessary to cause the Collateral
Coverage Ratio to meet the Collateral Coverage Minimum, the Administrative Agent
shall have received Mortgages, duly executed by the Borrower or other Credit
Parties, creating first-priority Liens (subject to Liens permitted by Section
10.2 of the Credit Agreement) on additional Oil and Gas Properties of the Credit
Parties.

5.2Reaffirmation of Credit Documents and Liens.  Except as amended and modified
hereby, any and all of the terms and provisions of the Credit Agreement and the
other Credit Documents shall remain in full force and effect and are hereby in
all respects ratified and confirmed by the Borrower.  The Borrower hereby agrees
that the amendments and modifications herein contained shall in no manner affect
or impair the liabilities, duties and obligations of the Borrower under the
Credit Agreement and the other Credit Documents or the Liens securing the
payment and performance thereof.

5.3Parties 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.

5.4Counterparts.  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 an executed counterpart to this Amendment by facsimile or
other electronic means shall be effective as delivery of manually executed
counterparts of this Amendment.

5.5Legal Expenses.  The Borrower hereby agrees to pay all reasonable fees and
expenses of 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.

5.6Complete Agreement.  THIS AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER
CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

5.7Headings.  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.

5.8Governing Law.  This Amendment shall be construed in accordance with and
governed by the law of the State of New York.

5.9Waivers of Jury Trial.  THE BORROWER, THE ADMINISTRATIVE AGENT, EACH LETTER
OF CREDIT ISSUER AND EACH LENDER HEREBY IRREVOCABLY AND

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UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

5.10Severability.  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.

5.11Reference to and Effect on the Credit Documents.

(a)This Amendment shall be deemed to constitute a Credit Document for all
purposes and in all respects.  Each reference in the Credit Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein” or words of like import, and each
reference in the Credit Agreement or in any other Credit Document, or other
agreements, documents or other instruments executed and delivered pursuant to
the Credit 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 the Administrative
Agent under any of the Credit Documents, nor constitute a waiver of any
provision of any of the Credit Documents.

[Remainder of Page Intentionally Blank.  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.

RANGE RESOURCES CORPORATION, as the Borrower

 

By:

/s/ MARK S. SCUCCHI
Name:  Mark S. Scucchi

Title:    Chief Financial Officer

 

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JPMORGAN CHASE BANK, N.A.,
as Administrative Agent, a Letter of Credit Issuer and a Lender

 

By:

 

/s/ DAVID MORRIS

 

Name: David Morris

 

Title:  Authorized Officer

 

 

 

 

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bank of america, n.a.,
as a Letter of Credit Issuer and a Lender

 

By:

 

/s/ CHRISTOPHER DIBIASE

 

Name: Christopher DiBiase

 

Title:   Director

 

 

 

 

 

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ROYAL BANK OF CANADA,
as a Letter of Credit Issuer and a Lender

 

By:

 

/s/ DON J. MCKINNERNEY

 

Name: Don J. McKinnerney

 

Title:  Authorized Signatory

 

 

 

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BANK OF MONTREAL,
as a Lender

 

By:

 

/s/ JAMES V. DUCOTE

 

Name: James V. Ducote

 

Title:  Managing Director

 

 

 

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CAPITAL ONE, NATIONAL ASSOCIATION,
   as a Lender

 

By:

 

/s/ SCOTT MACKEY

 

Name: Scott Mackey

 

Title:   Director

 

 

 

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CITIBANK, N.A.,
as a Lender

 

By:

 

/s/ PHIL BALLARD

 

Name: Phil Ballard

 

Title:   Vice President

 

 

 

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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
  as a Lender

 

By:

 

/s/ MICHAEL WILLIS

 

Name: Michael Willis

 

Title:   Managing Director

 

 

By:

 

/s/ PAGE DILLEHUNT

 

Name: Page Dillehunt

 

Title:  Managing Director

 

 

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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MUFG UNION BANK, N.A.,
as a Lender

 

By:

 

/s/ TRACI BANKSTON

 

Name: Traci Bankston

 

Title:   Director

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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U.S. BANK NATIONAL ASSOCIATION,
as a Lender

 

By:

 

/s/ MARK E. THOMPSON

 

Name: Mark E. Thompson

 

Title:    Senior Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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WELLS FARGO BANK, NATIONAL ASSOCIATION,
   as a Lender

 

By:

 

/s/ MICHAEL REAL

 

Name: Michael Real

 

Title:  Director

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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NATIXIS, NEW YORK Branch,
as a Lender

 

By:

 

/s/ VIKRAM NATH

 

Name: Vikram Nath

 

Title:   Director

 

 

By:

 

/s/ AJAY PRAKASH

 

Name: Ajay Prakash

 

Title:  Director

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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SocietE GEnErale,
as a Lender

 

By:

 

/s/ MAX SONNONSTINE

 

Name: Max Sonnonstine

 

Title:   Director

 

 

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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ABN AMRO CAPITAL USA LLC,
as a Lender

 

By:

 

/s/ DARRELL HOLLEY

 

Name: Darrell Holley

 

Title:  Managing Director

 

 

By:

 

/s/ DAVID MONTGOMERY

 

Name: David Montgomery

 

Title:  Managing Director

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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BARCLAYS BANK PLC,
as a Lender

 

By:

 

/s/ SYDNEY G. DENNIS

 

Name: Sydney G. Dennis

 

Title:  Director

 

 

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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BBVA USA,
as a Lender

 

By:

 

/s/ JULIA BARNHILL

 

Name: Julia Barnhill

 

Title:  Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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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/ BASTIEN DAYER

 

Name: Bastien Dayer

 

Title:  Authorized Signatory

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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MIZUHO BANK, LTD.,
as a Lender

 

By:

 

/s/ EDWARD SACKS

 

Name: Edward Sacks

 

Title:  Authorized Signatory

 

 

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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KEYBANK NATIONAL ASSOCIATION,
as a Lender

 

By:

 

/s/ GEORGE E. MCKEAN

 

Name: George E. McKean

 

Title:  Senior Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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PNC BANK, NATIONAL ASSOCIATION,
as a Lender

 

By:

 

/s/ KYLE T. HELFRICH

 

Name: Kyle T. Helfrich

 

Title:  Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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SUNTRUST BANK,
as a Lender

 

By:

 

/s/ JUSTIN LIEN

 

Name: Justin Lien

 

Title:  Director

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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ZIONS BANCORPORATION, N.A. DBA AMEGY BANK,
as a Lender

 

By:

 

/s/ MATT LANG

 

Name: Matt Lang

 

Title:   Vice President-Amegy Bank Division

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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BOKF, NA DBA BANK OF TEXAS,
as a Lender

 

By:

 

/s/ SCOTT MILLER

 

Name: Scott Miller

 

Title:   Senior Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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BRANCH BANKING AND TRUST COMPANY,
   as a Lender

 

By:

 

/s/ GREG KRABLIN

 

Name: Greg Krablin

 

Title:   Senior Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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COMERICA BANK,
as a Lender

 

By:

 

/s/ MACKENZIE DOLD

 

Name: Mackenzie Dold

 

Title:  Vice President

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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COMMONWEALTH BANK OF AUSTRALIA,
   as a Lender

 

By:

 

/s/ MICHAEL LEEDS

 

Name: Michael Leeds

 

Title:  Associate Director

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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The Bank of Nova Scotia, HOUSTON BRANCH
as a Lender

 

By:

 

/s/ RYAN KNAPE

 

Name: Ryan Knape

 

Title:  Director

 

 

 

 

Range Resources Corporation  - First AmendmentSignature Page

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CONSENT AND REAFFIRMATION

 

The undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a copy
of the foregoing First Amendment to Sixth Amended and Restated Credit Agreement
(the “First 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 the Secured Parties pursuant to the terms of its Guarantee in
favor of the Administrative Agent for the benefit of the Secured Parties or the
Liens granted by it securing payment and performance thereunder and (v)
reaffirms that the Guarantee and such Liens are and shall continue to remain in
full force and effect.  Although each Guarantor has been informed of the matters
set forth herein and has acknowledged and agreed to same, each Guarantor
understands that the Lenders have no obligation to inform any Guarantor of such
matters in the future or to seek any 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 First Amendment.

 

GUARANTORS:

RANGE ENERGY SERVICES COMPANY, LLC

ENERGY ASSETS OPERATING COMPANY, LLC

RANGE RESOURCES–PINE MOUNTAIN, INC.

RANGE RESOURCES – APPALACHIA, LLC

RANGE PRODUCTION COMPANY, LLC

RANGE RESOURCES–MIDCONTINENT, LLC

RANGE RESOURCES – LOUISIANA, INC.

RANGE LOUISIANA OPERATING, LLC

 

By:  /s/ MARK SCUCCHI
Name: Mark Scucchi
Title:   Chief Financial Officer of all of the foregoing       Guarantors

 

 

Range Resources Corporation - First AmendmentConsent and Reaffirmation

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Schedule 1.1(a)

COMMITMENTS1

Lender

Title

Commitment
Percentage

Commitment (and Letter of Credit Commitment, if indicated)

JPMorgan Chase Bank, N.A.

Administrative Agent

6.96%

Commitment: $167,000,000.00

Letter of Credit Commitment:

$166,666,666.67

Bank of America, N.A.

Co-Syndication Agent

6.96%

Commitment: $167,000,000.00

Letter of Credit Commitment:

$166,666,666.67

Bank of Montreal

Co-Documentation Agent

5.00%

$120,000,000.00

Citibank, N.A.

Co-Documentation Agent

5.00%

$120,000,000.00

Wells Fargo Bank, National Association

Co-Documentation Agent

5.00%

$120,000,000.00

Natixis

 

5.00%

$120,000,000.00

Mizuho Bank, Ltd.

 

5.00%

$120,000,000.00

PNC Bank, National Association

 

5.00%

$120,000,000.00

Royal Bank of Canada

Co-Syndication Agent

4.83%

Commitment: $116,000,000.00

Letter of Credit Commitment:

$166,666,666.67

Capital One, National Association

Co-Documentation Agent

3.75%

$90,000,000.00

Canadian Imperial Bank of Commerce, New York Branch

Co-Documentation Agent

3.75%

$90,000,000.00

Credit Agricole Corporate and Investment Bank

Co-Documentation Agent

3.75%

$90,000,000.00

MUFG Union Bank, N.A.

Co-Documentation Agent

3.75%

$90,000,000.00

U.S. Bank National Association

Co-Documentation Agent

3.75%

$90,000,000.00

Société Générale

 

3.33%

$80,000,000.00

 

1

As of the First Amendment Effective Date

Range Resources Corporation - First AmendmentSchedule 1.1(a)

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Lender

Title

Commitment
Percentage

Commitment (and Letter of Credit Commitment, if indicated)

ABN AMRO Capital USA LLC

 

3.33%

$80,000,000.00

Barclays Bank PLC

 

3.33%

$80,000,000.00

BBVA USA

 

3.33%

$80,000,000.00

Credit Suisse AG, Cayman Islands Branch

 

3.33%

$80,000,000.00

Key Bank, National Association

 

2.77%

$66,500,000.00

Suntrust Bank

 

2.77%

$66,500,000.00

BOKF, NA dba Bank of Texas

 

1.96%

$47,000,000.00

ZB, N.A. dba Amegy Bank

 

1.67%

$40,000,000.00

Branch Banking and Trust Company

 

1.67%

$40,000,000.00

Comerica Bank

 

1.67%

$40,000,000.00

Commonwealth Bank of Australia

 

1.67%

$40,000,000.00

The Bank of Nova Scotia, Houston Branch

 

1.67%

$40,000,000.00

TOTAL

 

100.00%

$2,400,000,000.00

 

 

 

 

 

Range Resources Corporation  - First AmendmentSchedule 1.1(a)