Exhibit 10.1
FOURTH AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT
     THIS FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is dated March 31, 2008, to be effective as of April 1, 2008, by
and among RANGE RESOURCES CORPORATION, a Delaware corporation (“Borrower”),
certain Subsidiaries of Borrower, as Guarantors, JPMORGAN CHASE BANK, N.A., a
national banking association, as Administrative Agent for the Lenders (in such
capacity, “Administrative Agent”), and each of the Lenders which is a party to
the Credit Agreement (defined below).
WITNESSETH:
     WHEREAS, Borrower, Guarantors, Administrative Agent and the Lenders entered
into that certain Third Amended and Restated Credit Agreement dated as of
October 25, 2006 (as amended by that certain First Amendment to Third Amended
and Restated Credit Agreement dated March 12, 2007, as further amended by that
certain Second Amendment to Third Amended and Restated Credit Agreement dated as
of March 26, 2007, as further amended by that certain Third Amendment to Third
Amended and Restated Credit Agreement dated as of October 22, 2007, and as
further amended, modified and restated from time to time, the “Credit
Agreement”), pursuant to which the Lenders made a revolving credit facility
available to Borrower; and
     WHEREAS, Borrower has requested that Administrative Agent and the Lenders
amend the Credit Agreement (a) to permit the Borrower to incur additional
unsecured Indebtedness in the aggregate amount of $300,000,000, (b) to increase
the Aggregate Commitment to $1,000,000,000, and (c) for certain other purposes
as provided herein, and Administrative Agent and the Lenders have agreed to do
so on the terms and conditions hereinafter set forth.
     NOW, THEREFORE, the parties agree to amend the Credit Agreement as follows:
     1. Definitions. Unless otherwise defined herein, all capitalized terms used
herein shall have the same meanings ascribed to such terms in the Credit
Agreement.
     2. Amendments to Credit Agreement.
     2.1 Additional Definitions. Section 1.01 of the Credit Agreement shall be
and it hereby is amended by inserting the following definitions in appropriate
alphabetical order:
     “Fourth Amendment Effective Date” means April 1, 2008.
     “Senior Notes” means the Senior Subordinated Notes and the Senior Unsecured
Notes.
     “Senior Unsecured Notes” means senior unsecured notes issued after the
Fourth Amendment Effective Date and prior to October 1, 2008; provided that
(i) the terms of such Senior Unsecured Notes do not provide
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AND RESTATED CREDIT AGREEMENT

 

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for any scheduled repayment, mandatory redemption or sinking fund obligation
prior to the date that is six months after the Maturity Date, (ii) the covenant,
default and remedy provisions of such Senior Unsecured Notes are substantially
on the same terms and conditions as the Indenture (without giving effect to the
subordination provisions) or are not materially more restrictive, taken as a
whole, than those set forth in this Agreement and (iii) the mandatory
prepayment, repurchase and redemption provisions of such Senior Unsecured Notes
are substantially on the same terms and conditions as the Indenture (without
giving effect to the subordination provisions) or are not materially more
onerous or expansive in scope, taken as a whole, than those set forth in this
Agreement.
     2.2 Amended Definitions. The following definitions set forth in Section
1.01 of the Credit Agreement shall be and they hereby are amended in their
respective entireties to read as follows:
     “Consolidated Current Liabilities” means, as of any date of determination,
the total of (a) consolidated current liabilities of the Borrower and the
Consolidated Subsidiaries, as determined in accordance with GAAP as of such
date, (b) less current maturities of the Loans and the Senior Notes, (c) less
any non-cash obligations required to be included in consolidated current
liabilities of the Borrower and the Consolidated Subsidiaries as a result of the
application of FASB Statement 133 as of such date.
     “Existing Swap Agreements” means (i) any Swap Agreements entered into
between the Borrower or any Guarantor and any Lender Counterparty prior to the
Effective Date and in effect on the Effective Date and (ii) any Swap Agreements
entered into between the Borrower or any Guarantor and Barclays Bank PLC or any
of its Affiliates prior to the Fourth Amendment Effective Date and in effect on
the Fourth Amendment Effective Date.
     “Indenture” means, collectively, (i) that certain Indenture dated as of
July 21, 2003, by and between the Borrower, as issuer, certain of its
Subsidiaries, as guarantors, and JPMorgan Chase Bank, N.A. (successor to Bank
One, N.A.), as trustee, pursuant to which the Borrower issued the Senior
Subordinated Notes, as amended and supplemented by that certain Supplemental
Indenture dated as of June 22, 2004 and as further amended and supplemented from
time to time as permitted under the terms thereof, (ii) that certain Indenture
dated March 9, 2005, among the Borrower, as issuer, certain of its Subsidiaries,
as guarantors, and J.P. Morgan Trust Company, National Association, as amended
or supplemented from time to time as permitted under the terms hereof,
(iii) that certain Indenture dated May 23, 2006, among the Borrower, as issuer,
certain of its
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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Subsidiaries, as guarantors, and J.P. Morgan Trust Company, National
Association, as amended or supplemented from time to time as permitted under the
terms hereof and (iv) that certain Indenture dated September 28, 2007, among the
Borrower, as issuer, certain of its Subsidiaries, as guarantors, and The Bank of
New York Trust Company, N.A., as amended or supplemented from time to time as
permitted under the terms hereof.
     “Restricted Payment” means, collectively, (i) any dividend or other
distribution (whether in cash, securities or other property) with respect to any
Equity Interests in any Credit Party, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Equity Interests in any Credit Party or any option,
warrant or other right to acquire any such Equity Interests in any Credit Party
and (ii) any payment or prepayment of principal of, premium on, or redemption,
purchase, retirement, defeasance (including in-substance or legal defeasance)
sinking fund or similar payment with respect to the Senior Notes.
     “Senior Subordinated Notes” means (i) the 7 3/8% Senior Subordinated Notes
due 2013, issued pursuant to the Indenture, (ii) the 6 3/8% Senior Subordinated
Notes due 2015, issued pursuant to the Indenture, (iii) the 7 1/2% Senior
Subordinated Notes due 2016, issued pursuant to the Indenture, (vi) the 7 1/2%
Senior Subordinated Notes due 2017, issued pursuant to the Indenture, and
(v) additional senior unsecured subordinated notes issued after the Fourth
Amendment Effective Date and prior to October 1, 2008; provided that (a) the
terms of such Senior Subordinated Notes do not provide for any scheduled
repayment, mandatory redemption or sinking fund obligation prior to the date
that is six months after the Maturity Date, (b) the covenant, default and remedy
provisions of such Senior Subordinated Notes are substantially on the same terms
and conditions as the Indenture or are not materially more restrictive, taken as
a whole, than those set forth in this Agreement, (c) the mandatory prepayment,
repurchase and redemption provisions of such Senior Subordinated Notes are
substantially on the same terms and conditions as the Indenture or are not
materially more onerous or expansive in scope, taken as a whole, than those set
forth in this Agreement, and (d) the subordination provisions set forth in such
Senior Subordinated Notes are at least as favorable to the Secured Parties as
the subordination provisions set forth in the Indenture.
     “Unrestricted Subsidiary” means (a) any Subsidiary that at the time of
determination shall be designated an Unrestricted Subsidiary by the Board of
Directors of the Borrower in the manner provided below and (b) any Subsidiary of
an Unrestricted Subsidiary. The Board of Directors of the Borrower may designate
any Subsidiary (including any newly
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless
such Subsidiary or any of its Subsidiaries (i) is a Material Domestic Subsidiary
or a Subsidiary owning Oil and Gas Interests included in the Borrowing Base
Properties or (ii) guarantees any indebtedness, liabilities or other obligations
now or which may in the future be owing under any Senior Notes issued or sold by
any Credit Party; provided that, notwithstanding anything to the contrary
contained herein, WCR/Range GP, LLC, a Texas limited liability company, shall be
deemed to be an Unrestricted Subsidiary for purposes of this Agreement and the
other Loan Documents.
     2.3 Indebtedness Under the Senior Notes. Section 7.01(h) of the Credit
Agreement shall be and it hereby is amended in its entirety to read as follows:
     (h) unsecured Indebtedness under the Senior Notes in an aggregate principal
amount not exceeding $1,150,000,000 at any time outstanding and extensions,
renewals, replacements and refinancing of any such Indebtedness that is
unsecured and does not cause the aggregate principal amount of the Senior Notes
to exceed the maximum principal amount permitted under this clause (h) as of the
date of such extension, renewal, replacement or refinancing; and
     2.4 Swap Agreements. Section 7.05 of the Credit Agreement shall be and it
hereby is amended in its entirety to read as follows:
     Section 7.05. Swap Agreements. The Borrower will not, nor will it permit
any of its Restricted Subsidiaries to, enter into or maintain any Swap
Agreement, except the Existing Swap Agreements, and Swap Agreements entered into
in the ordinary course of business with Approved Counterparties and not for
speculative purposes to (a) hedge or mitigate Crude Oil and Natural Gas price
risks to which the Borrower or any Restricted Subsidiary has actual exposure,
and (b) effectively cap, collar or exchange interest rates (from fixed to
floating rates, from one floating rate to another floating rate or otherwise)
with respect to any interest-bearing liability or investment of any Credit
Party; provided that such Swap Agreements (at the time each transaction under
such Swap Agreement is entered into) would (i) not cause the aggregate notional
amount of Hydrocarbons under all Swap Agreements then in effect (including the
Existing Swap Agreements) to exceed at any time (1) ninety percent (90%) of the
forecasted production from proved developed producing reserves of the Borrower
and the Restricted Subsidiaries for the first three years of the forthcoming
five year period and (2) eighty percent (80%) of the forecasted production from
proved producing reserves of the Borrower and the Restricted Subsidiaries for
the fourth and fifth years of the forthcoming five year period, and (ii) with
respect to interest rates, not cause all Swap Agreements then in effect
(including the Existing Swap
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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Agreements) to exceed eighty percent (80%) of the aggregate funded Indebtedness
of the Borrower and its Subsidiaries projected to be outstanding for the
forthcoming three year period. Once the Borrower or any Restricted Subsidiaries
enters into a Swap Agreement or any hedge transaction pursuant to any Swap
Agreement, the terms and conditions of such Swap Agreement and such hedge
transaction may not be materially amended modified or cancelled unless the
Borrower or such Restricted Subsidiary, as the case may be, provides written
notice thereof to the Administrative Agent within three (3) Business Days after
such amendment, modification or cancellation. Each Credit Party agrees and
acknowledges that (A) the Existing Swap Agreements are Swap Agreements permitted
under this Section 7.05, (B) as of the Effective Date, the counterparty to each
Swap Agreement described in clause (i) of the definition of Existing Swap
Agreements is a Lender Counterparty and (C) as of the Fourth Amendment Effective
Date, the counterparty to each Swap Agreement described in clause (ii) of the
definition of Existing Swap Agreements is a Lender Counterparty. Each Credit
Party and each Lender agrees and acknowledges that the obligations of the Credit
Parties under the Existing Swap Agreements are included in the defined term
“Obligations” and such obligations are entitled to the benefits of, and are
secured by the Liens granted under, the Security Instruments.
     2.5 Restricted Payments. Section 7.06 of the Credit Agreement shall be and
it hereby is amended in its entirety to read as follows:
     Section 7.06. Restricted Payments. The Borrower will not, nor will it
permit any of its Restricted Subsidiaries to, declare or make, or agree to pay
or make, directly or indirectly, any Restricted Payment, except that (a) the
Borrower may declare and pay dividends and make distributions with respect to
its Equity Interests payable solely in additional Equity Interests of the
Borrower, other than Disqualified Stock, (b) so long as no Default shall have
occurred and is continuing or would be caused thereby, the Borrower may make
Restricted Payments pursuant to and in accordance with stock option plans or
other benefit plans for management or employees of the Borrower and its
Restricted Subsidiaries in an aggregate amount not to exceed $10,000,000 in any
fiscal year; provided that any such Restricted Payments that are required to be
made by the issuance of additional Equity Interests of the Borrower may be made
regardless of whether a Default shall have occurred and is continuing, (c) any
Restricted Subsidiary may make Restricted Payments to the Borrower or any
Guarantor, (d) so long as no Default shall have occurred and is continuing or
would be caused thereby, Restricted Payments in an aggregate amount not to
exceed $20,000,000, plus (i) 50% of cumulative Consolidated Net Income after
December 31, 2001 (excluding any non-cash gains or losses associated with the
application of FASB Statement 121 or 133), plus (ii) 66-2/3% of the aggregate
net cash
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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proceeds received by the Borrower from the issuance of its Equity Interests
(other than Disqualified Stock) at any time after December 31, 2001, minus
(iii) Restricted Payments made pursuant to Section 13(c)(ii) of the Original
Credit Agreement prior to the Effective Date, and (e) so long as no Default
shall have occurred and is continuing or would be caused thereby, the Credit
Parties may make Restricted Payments with respect to the Senior Notes in
exchange for, or out of the proceeds of, the substantially concurrent sale of
new or replacement Senior Notes permitted pursuant to Section 7.01(h).
     2.6 Restrictive Agreements. Section 7.08 of the Credit Agreement shall be
and it hereby is amended in its entirety to read as follows:
     Section 7.08. Restrictive Agreements. The Borrower will not, nor will it
permit any of its Restricted Subsidiaries to, directly or indirectly, enter
into, incur or permit to exist any agreement or other arrangement that
prohibits, restricts or imposes any condition upon (a) the ability of the
Borrower or any Restricted Subsidiary to create, incur or permit to exist any
Lien upon any of its property or assets, or (b) the ability of any Restricted
Subsidiary to pay dividends or other distributions with respect to any of its
Equity Interests or to make or repay loans or advances to the Borrower or any
Restricted Subsidiary or to Guarantee Indebtedness of the Borrower or any
Restricted Subsidiary; provided that (i) the foregoing shall not apply to
restrictions and conditions imposed by law, this Agreement or the Indenture (or
any documents evidencing or relating to the issuance of any permitted Senior
Notes or any permitted refinancing of the Senior Notes), (ii) the foregoing
shall not apply to restrictions and conditions existing on the date hereof
identified on Schedule 7.08 (but shall apply to any extension or renewal of, or
any amendment or modification expanding the scope of, any such restriction or
condition), (iii) clause (a) of the foregoing shall not apply to restrictions or
conditions imposed by any agreement relating to secured Indebtedness permitted
by this Agreement if such restrictions or conditions apply only to the property
or assets securing such Indebtedness and (iv) clause (a) of the foregoing shall
not apply to customary provisions in leases and other contracts restricting the
assignment thereof.
     2.7 Modifications of Senior Notes. Section 7.13 of the Credit Agreement
shall be and it hereby is amended in its entirety to read as follows:
     Section 7.13. [Reserved].
          2.8 Notices. Subclause (ii) of Section 11.01(a) shall be and it hereby
is amended in its entirety to read as follows:
     (ii) if to the Administrative Agent or Issuing Bank, to JPMorgan Chase
Bank, N.A., JPMorgan Loan Services, 10 South
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AND RESTATED CREDIT AGREEMENT

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Dearborn St., 19th Floor, Chicago, Illinois 60603-2003, Telecopy No.: (312)
385-7096, Attention: Claudia Kech (claudia.kech@jpmchase.com), with a copy to
JPMorgan Chase Bank, N.A., 2200 Ross Avenue, 3rd Floor, TX1-2448, Dallas, Texas
75201, Telecopy No. (214) 965-3280, Attention: Wm. Mark Cranmer, Senior Vice
President (mark.cranmer@chase.com); and
     2.9 Increase in the Aggregate Commitment. Notwithstanding anything to the
contrary contained in the Credit Agreement, effective as of the Fourth Amendment
Effective Date, the Aggregate Commitment shall be $1,000,000,000, and
Schedule 2.01 of the Credit Agreement shall be and it hereby is amended and
replaced in its entirety with Schedule 2.01 attached hereto.
     3. New Lenders and Reallocation of Commitments and Loans. The Lenders have
agreed among themselves to reallocate their respective Commitments and to, among
other things, allow certain financial institutions identified by J.P. Morgan
Securities, Inc., in its capacity as Lead Arranger, in consultation with the
Borrower, to become a party to the Credit Agreement as a Lender (each, a “New
Lender”) by acquiring an interest in the Aggregate Commitment, and
Administrative Agent and the Borrower hereby consent to such reallocation and
each New Lender’s acquisition of an interest in the Aggregate Commitment. As of
the Fourth Amendment Effective Date and after giving effect to such reallocation
of the Aggregate Commitment, the Commitment of each Lender shall be as set forth
on Schedule 2.01 of this Amendment. With respect to such reallocation, each New
Lender shall be deemed to have acquired the Commitment allocated to it from each
of the other Lenders pursuant to the terms of the Assignment and Assumption
attached as Exhibit A to the Credit Agreement as if such New Lender and the
other Lenders had executed an Assignment and Assumption with respect to such
allocation. The Borrower and Administrative Agent hereby consent to such
assignment to the New Lenders.
     4. Reaffirmation of Borrowing Base. This Amendment shall constitute a
notice of reaffirmation of the Borrowing Base pursuant to Section 3.04 of the
Credit Agreement and Administrative Agent hereby notifies Borrower that, as of
the Fourth Amendment Effective Date, the Borrowing Base shall continue to be
$1,500,000,000 until the next redetermination of the Borrowing Base pursuant to
Article III of the Credit Agreement.
     5. Binding Effect. Except to the extent its provisions are specifically
amended, modified or superseded by this Amendment, the Credit Agreement, as
amended, and all terms and provisions thereof shall remain in full force and
effect, and the same in all respects are confirmed and approved by the Borrower
and the Lenders.
     6. Fourth Amendment Effective Date. This Amendment (including the
amendments to the Credit Agreement contained in Section 2 of this Amendment, the
assignments and reallocations contained in Section 3 of this Amendment and the
reaffirmation of the Borrowing Base as set forth in Section 4 of this Amendment)
shall be effective upon the satisfaction of the conditions precedent set forth
in Section 7 hereof.
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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     7. Conditions Precedent. The obligations of Administrative Agent and the
Lenders under this Amendment shall be subject to the following conditions
precedent:
          (a) Execution and Delivery. Borrower and each Guarantor shall have
executed and delivered this Amendment to Administrative Agent;
          (b) Payment of Fee. Borrower shall have paid to Administrative Agent,
for the benefit of the Lenders (including the New Lenders), a fully earned and
nonrefundable fee in an amount equal to 0.25% of the $100,000,000 increase in
the Aggregate Commitment, to be shared pro rata with any Lender increasing its
Commitment (including the New Lenders) based on the increase in such Lender’s
respective Commitment (including the amount of any New Lender’s Commitment).
          (c) Representations and Warranties. The representations and warranties
of the Credit Parties under this Amendment are true and correct in all material
respects as of such date, as if then made (except to the extent that such
representations and warranties relate solely to an earlier date);
          (d) No Default. No Default shall have occurred and be continuing or
shall result from the effectiveness of this Amendment;
          (e) 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 counsel may reasonably
request, and all such documents shall be in form and substance satisfactory to
the Administrative Agent.
     8. Representations and Warranties. Each Credit Party hereby represents and
warrants that (a) except to the extent that any such representations and
warranties expressly relate to an earlier date, all of the representations and
warranties contained in the Credit Agreement and in each Loan Document are true
and correct as of the date hereof after giving effect to this Amendment, (b) the
execution, delivery and performance by such Credit Party of this Amendment have
been duly authorized by all necessary corporate, limited liability company or
partnership action required on its part, and this Amendment and the Credit
Agreement are the legal, valid and binding obligations of such Credit Party,
enforceable against such Credit Party in accordance with their terms, except as
their enforceability may be affected by the effect of bankruptcy, insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect
relating to or affecting the rights or remedies of creditors generally, (c) no
Default or Event of Default has occurred and is continuing or will exist after
giving effect to this Amendment, and (d) after giving effect to the increase in
the Aggregate Commitment and the assignments and reallocations contained in
Section 2 of this Amendment, the Borrower and its Consolidated Subsidiaries are
in pro forma compliance with each of the financial covenants set forth in
Section 7.11 of the Credit Agreement as of the last day of the most recently
ended fiscal quarter of the Borrower.
     9. Reaffirmation of Loan Documents. Any and all of the terms and provisions
of the Credit Agreement and the Loan Documents shall, except as amended and
modified hereby,
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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remain in full force and effect. 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.
     10. 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 Guarantors, 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.
     11. Legal Expenses. Each Credit Party 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.
     12. WRITTEN CREDIT AGREEMENT. THE CREDIT AGREEMENT, AS AMENDED BY THIS
AMENDMENT AND TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL
AGREEMENT BETWEEN AND 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 BETWEEN AND AMONG THE PARTIES.
     13. Guarantors. The Guarantors hereby consent to the execution of this
Amendment by the Borrower and reaffirm their guaranties of all of the
obligations of the Borrower to the Lenders. Borrower and Guarantors acknowledge
and agree that the renewal, extension and amendment of the Credit Agreement
shall not be considered a novation of account or new contract but that all
existing rights, titles, powers, and estates in favor of the Lenders constitute
valid and existing obligations in favor of the Lenders. Borrower and Guarantors
each confirm and agree that (a) neither the execution of this Amendment or any
other Loan Document nor the consummation of the transactions described herein
and therein shall in any way effect, impair or limit the covenants, liabilities,
obligations and duties of the Borrower and the Guarantors under the Loan
Documents, and (b) the obligations evidenced and secured by the Loan Documents
continue in full force and effect. Each Guarantor hereby further confirms that
it unconditionally guarantees to the extent set forth in the Credit Agreement
the due and punctual payment and performance of any and all amounts and
obligations owed to the Lenders under the Credit Agreement or the other Loan
Documents.
[Remainder of page blank. Signature pages follow]
FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT

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

            BORROWER:

RANGE RESOURCES CORPORATION
      By:           Roger S. Manny, Senior Vice President             
GUARANTORS:

RANGE ENERGY I, INC.
RANGE HOLDCO, INC.
RANGE PRODUCTION COMPANY
GULFSTAR ENERGY, INC.
RANGE ENERGY FINANCE CORPORATION
PMOG HOLDINGS, INC.
PINE MOUNTAIN ACQUISITION, INC.
RANGE RESOURCES — PINE MOUNTAIN, INC.
RANGE OPERATING NEW MEXICO, INC.
RANGE OPERATING TEXAS, LLC
STROUD ENERGY GP, LLC
STROUD ENERGY MANAGEMENT GP, LLC
      By:           Roger S. Manny, Senior Vice President of all of the
foregoing Credit Parties          

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

 

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            RANGE RESOURCES — APPALACHIA, LLC
(f/k/a Great Lakes Energy Partners, L.L.C.)
      By:   RANGE HOLDCO, INC., Its member         RANGE ENERGY I, INC., Its
member        By:           Roger S. Manny, Senior Vice President of each of the
foregoing members             RANGE RESOURCES, L.L.C.
      By:   RANGE PRODUCTION COMPANY, Its member         RANGE HOLDCO, INC., Its
member            By:           Roger S. Manny, Senior Vice President of each
of the foregoing members             STROUD ENERGY LP, LLC,
      By:   Range Operating, Texas, LLC, Its Member             By:          
Roger S. Manny, Senior Vice President           

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
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            STROUD ENERGY, LTD.,
      By:   Stroud Energy Management GP, LLC, Its general partner            
By:           Roger S. Manny, Senior Vice President              STROUD OIL
PROPERTIES, L.P.,
      By:   Stroud Energy GP, LLC, Its general partner             By:          
Roger S. Manny, Senior Vice President           

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
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            RANGE TEXAS PRODUCTION, L.L.C.
      By:   Range Energy I, Inc., Its Member             By:           Roger S.
Manny, Senior Vice President              REVC HOLDCO, LLC

Range Resources Corporation, Its member
      By:           Roger S. Manny, Senior Vice President           

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
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            JPMORGAN CHASE BANK, N.A., (successor by
merger to Bank One, N.A. (Illinois)), as Administrative
Agent and a Lender
      By:           Wm. Mark Cranmer, Senior Vice President           

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
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            BANK OF SCOTLAND, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            CALYON NEW YORK BRANCH, as a Syndicated
Agent and a Lender
      By:         Name:         Title:               By:         Name:        
Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            COMPASS BANK, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            BANK OF AMERICA, N.A., as a Documentation
Agent and a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            FORTIS CAPITAL CORP., as a Documentation
Agent and a Lender
      By:         Name:         Title:               By:         Name:        
Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            NATIXIS (formerly Natexis Banques Populaires), as a
Lender
      By:         Name:         Title:               By:         Name:        
Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            COMERICA BANK, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            CAPITAL ONE, N.A. (f/k/a Hibernia National Bank),
as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            AMEGY BANK N.A. (f/k/a Southwest Bank of Texas
N.A.), as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            BMO CAPITAL MARKETS FINANCING, INC.
(f/k/a HARRIS NESBITT FINANCING, INC.),
as a Syndication Agent and a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            KEY BANK, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            WACHOVIA BANK, NATIONAL ASSOCIATION,
as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            UNION BANK OF CALIFORNIA, N.A.,
as a Lender
      By:         Name:         Title:               By:         Name:        
Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            THE BANK OF NOVA SCOTIA, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            THE FROST NATIONAL BANK, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            CITIBANK, N.A., as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            CREDIT SUISSE, Cayman Islands Branch,
as a Lender
      By:         Name:         Title:               By:         Name:        
Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            SUNTRUST BANK, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            SOCIÉTÉ GÉNÉRALE, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            U.S. BANK NATIONAL ASSOCIATION,
as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender
      By:         Name:         Title:               By:         Name:        
Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            STERLING BANK, as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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            BARCLAYS BANK PLC,
as a Lender
      By:         Name:         Title:        

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Signature Page

         

 

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

 

Schedule 2.01
APPLICABLE PERCENTAGES AND COMMITMENTS

                              Applicable         Lender   Title   Percentage    
Commitment  
JPMorgan Chase Bank , N.A.
  Administrative Agent     5.3070652 %   $ 53,070,652.17  
Bank of America, N.A.
  Documentation Agent     5.3070652 %   $ 53,070,652.17  
Fortis Capital Corp.
  Documentation Agent     5.3070652 %   $ 53,070,652.17  
Calyon New York Branch
  Syndicated Agent     5.3070652 %   $ 53,070,652.17  
BMO Capital Markets Financing, Inc., (f/k/a Harris Nesbitt Financing, Inc.)
  Syndication Agent     5.3070652 %   $ 53,070,652.17  
Suntrust Bank
        5.1760266 %   $ 51,760,265.70  
Bank of Scotland
  Agent     5.0625000 %   $ 50,625,000.00  
The Bank of Nova Scotia
  Co-Agent     4.7173913 %   $ 47,173,913.04  
Comerica Bank
  Co-Agent     4.7173913 %   $ 47,173,913.04  
Union Bank of California, N.A.
  Co-Agent     4.7173913 %   $ 47,173,913.04  
Key Bank
  Co-Agent     4.1277174 %   $ 41,277,173.91  
Wachovia Bank, National Association
  Co-Agent     4.1277174 %   $ 41,277,173.91  
Deutsche Bank Trust Company Americas
  Co-Agent     4.1277174 %   $ 41,277,173.91  
Natixis (formerly Natexis Banques Populaires)
  Co-Agent     4.1277174 %   $ 41,277,173.91  
Société Générale
        4.1277174 %   $ 41,277,173.91  
US Bank, National Association
        4.1277174 %   $ 41,277,173.91  
Credit Suisse, Cayman Islands Branch
        3.5380435 %   $ 35,380,434.78  
Citibank, N.A.
  Co-Agent     3.0794082 %   $ 30,794,082.13  
Compass Bank
        2.9483696 %   $ 29,483,695.65  
Amegy Bank N.A. (f/k/a Southwest Bank of Texas N.A.)
        2.9483696 %   $ 29,483,695.65  
The Frost National Bank
        2.9483696 %   $ 29,483,695.65  
Capital One, N.A. (f/k/a Hibernia National Bank)
        2.9483696 %   $ 29,483,695.65  
Barclays Bank PLC
        2.9483696 %   $ 29,483,695.65  
Sterling Bank
        2.9483696 %   $ 29,483,695.65  
TOTAL
        100.00 %   $ 1,000,000,000  

FOURTH AMENDMENT TO THIRD AMENDED
AND RESTATED CREDIT AGREEMENT
Schedule 2.01