First Amendment to Amended and Restated Credit Agreement



 Exhibit 10.19 
 FIRST AMENDMENT TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 This First Amendment (this “Amendment”) dated as of May 10, 2007 (the “Effective Date”), is by and among
Diamondback Holdings, LLC, a Delaware limited liability company (“Holdings”), Diamondback Energy Services, Inc., a Delaware corporation (the “Merger Sub”), certain subsidiaries thereof (the
“Guarantors”), the lenders party to the Credit Agreement referred to below (the “Lenders”), and Fortis Capital Corp., as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”) and as issuing bank (in such capacity, the “Issuing Bank”). 
 WHEREAS, Holdings, Merger Sub, the
Guarantors, the Lenders, and the Administrative Agent are parties to the Amended and Restated Credit Agreement dated as of February 13, 2007 (the “Credit Agreement”); and 
 WHEREAS, the Borrower has requested and the Lenders have agreed (a) to increase the aggregate Revolving Commitments to $105,000,000.00 and
(b) to make certain other amendments to the Credit Agreement as provided for herein. 
 NOW THEREFORE, in consideration of the premises
and the mutual covenants, representations and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 AGREEMENT 
 Section 1. Defined
Terms. Unless otherwise defined in this Amendment, each capitalized term used in this Amendment has the meaning given such term in the Credit Agreement. 
 Section 2. Amendments to the Credit Agreement. 
 (a) The definition of “Revolving
Commitment” in Section 1.01 of the Credit Agreement is hereby amended by deleting the following sentence: “The initial aggregate amount of the Revolving Commitments is $80,000,000.” 
 (b) Section 5.08 of the Credit Agreement is hereby amended by replacing “and (c)” with “(c)” and inserting the
following after “in which case the Loan Parties shall be responsible for all such expenses”: 
 “; and (d) one
(1) time during each fiscal quarter of the Borrower at the discretion of the Administrative Agent, during regular business hours upon reasonable prior notice, permit representatives and independent contractors of the Administrative Agent to
conduct an audit of the Collateral included in the Borrowing Base and of the accounting systems of the Loan Parties of a scope reasonably satisfactory to the Administrative Agent, all at the expense of the Borrower.” 
  







 (c) Section 6.12 of the Credit Agreement is hereby replaced in its entirety with the
following: 
 Section 6.12 Operating Leases. Enter into or remain liable upon any Operating Lease except for
Operating Leases in the aggregate for the Borrower and its Subsidiaries not to exceed $5,000,000 in aggregate payments for each fiscal year. 
 (d) Schedule 2.01 to the Credit Agreement is hereby replaced in its entirety with Schedule 2.01 attached hereto. 
 (e) Schedule 6.12 to the Credit Agreement is hereby deleted in its entirety. 
 Section 3. Increase of the Revolving
Commitments. As of the Effective Date, the aggregate Revolving Commitments shall be increased from $80,000,000 to $105,000,000. Upon the effectiveness of this Amendment pursuant to Section 4 below, each Lender’s Revolving Commitment
shall be the Revolving Commitment set forth on the attached Schedule 2.01. The Commitment Fees provided for in Section 2.03(a) of the Credit Agreement shall hereafter be computed on the basis of the Revolving Commitments, as so
increased. 
 Section 4. Conditions to Effectiveness. The Credit Agreement shall be amended as provided in this Amendment on the date
first set forth above when: 
 (a) the Administrative Agent shall have received this Amendment duly executed by the Borrower, each Guarantor,
each Lender, the Issuing Bank and the Administrative Agent; 
 (b) the Administrative Agent shall have received each Note requested by a
Lender pursuant to Section 2.02(g) of the Credit Agreement payable to the order of such requesting Lender in the amount of its Revolving Commitment after giving effect to this Amendment; 
 (c) the Administrative Agent shall have received a certificate of a Responsible Officer of each Loan Party dated as of the date hereof and certifying
(A) such Loan Party’s organizational documents or that there have been no changes to the organizational documents of such Loan Party since such organizational documents were last certified to the Administrative Agent and the Lenders or
attaching such amendments and (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of this Amendment, the Credit
Agreement as amended hereby and the other Loan Documents to which such Loan Party is a party and, in the case of the Borrower, the borrowings under the Credit Agreement, as amended hereby, and that such resolutions have not been modified, rescinded
or amended and are in full force and effect; 
 (d) the Administrative Agent shall have received a favorable opinion dated as of the date
hereof of Steve Gelnar, general counsel to the Loan Parties; 
  

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 (e) the Administrative Agent shall have received a favorable opinion dated as of the date hereof of Akin
Gump Strauss Hauer & Feld LLP, Texas, New York and Delaware counsel to the Loan Parties; 
 (f) the Administrative Agent shall have
received a favorable opinion dated as of the date hereof of Kean Miller Hawthorne D’Armond McCowan & Jarman L.L.P., Louisiana counsel to the Loan Parties; and 
 (g) the Administrative Agent shall have received such other documents, governmental certificates and agreements as the Administrative Agent or any Lender
may reasonably request. 
 Section 5. Representations and Warranties. The Borrower hereby represents and warrants that after giving
effect hereto: 
 (a) the representations and warranties of the Loan Parties contained in the Loan Documents are true and correct in all
material respects on and as of the Effective Date, other than those representations and warranties that expressly relate solely to a specific earlier date, which shall remain correct as of such earlier date; and 
 (b) no Default or Event of Default has occurred and is continuing. 
 Section 6. Reaffirmation of Guaranty. Each Guarantor hereby ratifies, confirms, and acknowledges that its obligations under the Credit Agreement are in full force and effect and that each Guarantor continues to
unconditionally and irrevocably, jointly and severally, guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, all of the Obligations (subject to the terms of Article VIII of the Credit
Agreement), as such Obligations may have been amended by this Amendment. Each Guarantor hereby acknowledges that its execution and delivery of this Amendment does not indicate or establish an approval or consent requirement by the Guarantors in
connection with the execution and delivery of amendments to the Credit Agreement or any of the other Loan Documents. 
 Section 7.
Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 Section 8. Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. Transmission by facsimile of an executed counterpart of this Amendment shall be deemed to constitute due and sufficient delivery of such counterpart. 
 Section 9. ENTIRE AGREEMENT. THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN 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 THE PARTIES. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by
their respective duly authorized officers as of the Effective Date. 
  

			
	 HOLDINGS:
  
 DIAMONDBACK HOLDINGS, LLC

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO

	
	 MERGER SUB:
  
 DIAMONDBACK ENERGY SERVICES, INC.

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO

	
	 GUARANTORS:
  
 DIAMONDBACK-COMPLETIONS LLC
 DIAMONDBACK-QUANTUM LLC
 DIAMONDBACK PUMPING SERVICE LLC
 DIAMONDBACK-PIONEER LLC
 DIAMONDBACK-PST LLC
 DIAMONDBACK-WELL SERVICE LLC
 DIAMONDBACK-RHINO LLC
 DIAMONDBACK-TOTAL SERVICES LLC
 DIAMONDBACK-CEMENTING SERVICES LLC
 PACKERS & SERVICE TOOLS, INC.
 SOONER TRUCKING & OILFIELD SERVICES, INC.
 DIAMONDBACK-DISPOSAL LLC
 DIAMONDBACK-TOTAL OKLAHOMA LLC
 DIAMONDBACK-TD WEST, LLC

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	DIAMONDBACK PUMPING SERVICE, L.P.
		
	By:	 	 Diamondback Pumping GP, LLC
 its general partner

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO

	
	DIAMONDBACK-TOTAL, L.P.
		
	By:	 	 Diamondback-Total Texas LLC,
 its general partner

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO

	
	DIAMONDBACK-TOTAL PUMPING, L.P.
		
	By:	 	 Diamondback-Total Pumping GP LLC,
 its general partner

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO

	
	DIAMONDBACK-DISPOSAL, L.P.
		
	By:	 	 Diamondback-Disposal Texas LLC,
 its general partner

		
	By:	 	 /s/ Cale M. Coulter

	Name:	 	 Cale M. Coulter

	Title:	 	 CFO



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	 ADMINISTRATIVE AGENT:
  
 FORTIS CAPITAL CORP.,
 as Administrative Agent and Issuing Bank

		
	By:	 	 /s/ Svein Engh

	Name:	 	 Svein Engh

	Title:	 	 Managing Director

		
	By:	 	 /s/ Joseph Maxwell

	Name:	 	 Joseph Maxwell

	Title:	 	 Senior Vice President

	
	 LENDERS:
  

FORTIS CAPITAL CORP.

		
	By:	 	 /s/ Svein Engh

	Name:	 	 Svein Engh

	Title:	 	 Managing Director

		
	By:	 	 /s/ Joseph Maxwell

	Name:	 	 Joseph Maxwell

	Title:	 	 Senior Vice President



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	 WELLS FARGO BANK, N.A.

		
	By:	 	 /s/ Michael Janak

	Name:	 	 Michael Janak

	Title:	 	 Vice President



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	 NATIXIS

		
	By:	 	 /s/ Donovan C. Broussard

	Name:	 	 Donovan C. Broussard

	Title:	 	 Managing Director

		
	By:	 	 /s/ Louis P. Laville, III

	Name:	 	 Louis P. Laville, III

	Title:	 	 Managing Director



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	 JPMORGAN CHASE BANK, N.A.

		
	By:	 	 /s/ William C. Scheihing, Jr.

	Name:	 	 William C. Scheihing, Jr.

	Title:	 	 SVP



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	 AMEGY BANK NATIONAL ASSOCIATION

		
	By:	 	 /s/ Scott Collins

	Name:	 	 Scott Collins

	Title:	 	 Vice President



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	 MIDFIRST BANK

		
	By:	 	 /s/ James P. Boggs

	Name:	 	 James P. Boggs

	Title:	 	 Senior Vice President



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 









			
	
	 COPPERMARK BANK

		
	By:	 	 /s/ Robert P. Holmes

	Name:	 	 Robert P. Holmes

	Title:	 	 Sr. V.P.



  

 Signature Page to First Amendment to 
 Amended and Restated Credit Agreement 
 Diamondback Holdings, LLC and Diamondback Energy
Services, Inc. 








 SCHEDULE 2.01 
 Revolving Commitments and Pro Rata Shares of the Lenders 
  

					
	 Lender
	  	 Revolving Commitment
	  	 Pro Rata Share

	 Fortis Capital Corp.
	  	$18,375,000.00	  	17.50%
	 Wells Fargo Bank, N.A.
	  	$18,375,000.00	  	17.5%
	 Natixis
	  	$18,375,000.00	  	17.5%
	 JPMorgan Chase Bank, N.A.
	  	$17,062,500.00	  	16.25%
	 Amegy Bank N.A.
	  	$17,062,500.00	  	16.25%
	 Midfirst Bank
	  	$7,875,000.00	  	7.5%
	 Coppermark Bank
	  	$7,875,000.00	  	7.5%
		  	 	  	 
			
	 TOTAL:
	  	$105,000,000.00	  	100%