Document:

EXHIBIT 10.2

Exhibit 10.2

SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AGREEMENT

THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AGREEMENT (this “Amendment”), dated as of November 1, 2017, is by and between BMO Harris Bank N.A., formerly known as Harris N.A. (the “Lender”),  and Duluth Holdings Inc., a Wisconsin corporation (“Borrower”).

RECITALS

WHEREAS, Lender and Borrower are parties to that certain Second Amended and Restated Loan Agreement dated as of October 7, 2016, as amended by the First Amendment to Second Amended and Restated Loan Agreement dated as of September 29, 2017 (as amended, the “Loan Agreement”); and

WHEREAS, Lender and Borrower desire to amend the Loan Agreement to modify certain terms as provided herein.

NOW THEREFORE, Lender and Borrower agree as follows:

1.

Recitals.  The representations, determinations and statements contained in the Recitals set forth above are true and correct in all material respects and form a part of this Amendment.

2.

Definitions.  Capitalized terms used herein shall have the meanings set forth in the Loan Agreement unless they are otherwise defined herein.  The following terms have the following meanings in the Loan Agreement, as amended hereby:

“Maximum Advance Amount” shall mean (i) for the period beginning on November 1, 2017 and ending on December 31, 2017, Eighty Million and 00/100 Dollars ($80,000,000); and (ii) after December 31, 2017, Sixty Million and 00/100 Dollars ($60,000,000).

“Note” shall mean that certain Sixth Amended and Restated Revolving Credit Note dated October 27, 2017 in the maximum principal amount of Eighty Million Dollars ($80,000,000.00) in favor of Lender, as amended, restated, supplemented, modified or extended from time to time.

3.

Conditions to Effectiveness of Amendment.  This Amendment shall not be effective until each of the following conditions have been satisfied:

a.

Amendment.  Lender shall have received from Borrower an executed copy of this Amendment and the Note;

b.

Corporate Authorization.  Lender shall have received from Borrower an officer’s certificate to which is attached the Borrower’s articles of incorporation and bylaws and resolutions approving this Amendment, in form and substance satisfactory to Lender, in its reasonable discretion; and

c.

Supporting Documents.  The Lender shall have received such additional supporting documents and materials of the Borrower as the Lender shall request.

4.

Miscellaneous.

a.

Each reference in the Loan Agreement to “this Agreement” and each reference in each of the Loan Documents to the “Loan Agreement” shall be deemed a reference to the Loan Agreement as amended by this Amendment.

b.

The Borrower agrees to pay all reasonable fees and out-of-pocket disbursements incurred in connection with the preparation of this Amendment and all other documents relating hereto.

c.

This Amendment may be executed in any number of counterparts, each of which, when so executed and delivered, shall be deemed to be an original for all purposes, and all of which counterparts, taken together, shall constitute but one and the same agreement.  In proving this Amendment, it shall be necessary to account only for one such counterpart.  Facsimile and electronic signatures shall be as binding upon the parties as original signatures affixed hereto.

d.

This Amendment is an amendment of the Loan Agreement and is not a novation.  Except as expressly modified and amended herein, the Loan Agreement shall continue in full force and effect and is binding on all parties thereto and hereto.  This Amendment is limited to the terms and conditions hereof and shall not constitute a modification of any other provision of the Loan Agreement.

e.

This Amendment shall be governed by and construed in accordance with the internal laws of the State of Wisconsin, without giving effect to conflict of law principles.

[Signature Page Follows]

2

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date and year first above written.

BMO HARRIS BANK N.A.

By:

/s/John Howard        

Name:

John Howard

Title:

Senior Vice President

1000 N. Water Street

Milwaukee, WI  53202

Attn:  John Howard

Telecopy No:  (414) 291-5450

DULUTH HOLDINGS INC.

By:

/s/ Dave Loretta        

Name:

Dave Loretta

Title:

Senior Vice President and Chief Financial Officer

170 Countryside Drive

PO Box 409

Belleville, Wisconsin  53508

Attn:  Dave Loretta

Telecopy No. (608) 424-1710

[Signature Page - Second Amendment to Second Amended and Restated Loan Agreement]nvro-ex101_104.htm

 

Exhibit 10.1

 

 

THIRD AMENDMENT TO THE

PRODUCT SUPPLY AND DEVELOPMENT AGREEMENT

 

This THIRD AMENDMENT TO THE PRODUCT SUPPLY AND

DEVELOPMENT AGREEMENT ("Amendment"), effective as of September 15, 2017 (the "Effective Date"), is by and between EaglePicher Medical Power LLC ("EPMP LLC"), a Delaware Corporation having an address of "C"and Porter Streets, Joplin, MO 64801 and Nevro Corp. ("Buyer"), a Delaware Corporation, having its principal place of business at 1800 Bridge Parkway, Redwood City, CA 94065 .

WHEREAS, EPMP and Buyer entered into a Product Supply and Development Agreement dated April 5, 2009 ("Agreement ") by which Buyer contracted EPMP to develop and manufacture batteries for proprietary medical implantable devices; and subsequently entered into a First Amendment and Second Amendment, dated March 1, 2015 and October 23, 2015, respectively.

WHEREAS, EPMP and Buyer wish to continue their relationship and modify a portions of the Agreement;

NOW, THEREFORE, EPMP LLC and Buyer hereby amend the agreement as follows: Sections 13.1 shall be deleted in its entirety and replaced with the following section:

	
 
	
13.1
	
TERM

 

This Agreement shall commence on the Effective Date and have an initial term ending on December 31, 2019 (the “Term”).  After the Term, this Agreement will automatically renew for a period of one year unless a Party notifies the other Party in writing of its intent to terminate the Agreement at least six months prior to the end of the renewal term.

 

All other clauses of the Agreement and the respective Amendments remain unchanged and in full force and effect.

.

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by

their authorized representatives.

 

	
 

	
 
	
EAGLEPICHER MEDICAL POWER LLC

	
 
	
 

	
 
	
By: 
	
  /s/ David Miel

	
 
	
Name: David Miel

	
 
	
Title: Vice President & General Manager

	
 
	
Date: 19 Sept 2017

	
 

	
 
	
NEVRO CORP.

	
 
	
 

	
 
	
By: 
	
  /s/ Andrew Galligan

	
 
	
Name: Andrew Galligan

	
 
	
Title:  CFO, V.P. Finance

	
 
	
Date: 9/19/2017nvro-ex102_310.htm

[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

Exhibit 10.2

Amendment No. 1 to Manufacturing and Supply Agreement

Amendment No. 1 to the Manufacturing and Supply Agreement, dated 30th September 2017 (the “Amendment”) between Nevro Corp. (“Nevro”) and Vention Medical Design and Development, Inc. (“Vention”).

WHEREAS, Nevro and Vention have entered into a Manufacturing and Supply Agreement, dated December 8th, 2015 (the “Existing Agreement”).

WHEREAS, Nevro and Vention desire to amend the Existing Agreement by amending and restating Appendix B on the terms set forth herein.

NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Nevro and Vention agree as follows:

Appendix B of the Existing Agreement shall be amended and restated in its entirety to reflect the current and proposed unit costs for the Model 2000 Unit. The proposed unit cost contained in the new Appendix B will become effective for units delivered beginning on October 1, 2017. Appendix B shall be restated as follows:

APPENDIX B

9/22/2017

Model Unit Costing – Current and Proposed Unit Cost

 

			
	
Model 2000 Pricing Summary

	
 
	
Current Unit Cost to Date
	
Proposed Unit Cost

	
Material
	
$[***]
	
$[***]

	
Labor
	
$[***]
	
$[***]

	
Assay Yield Factor
	
[***]%
	
[**]%

	
Total
	
$[***]
	
$[***]

	
 

	
 

Model 2000 Pricing - Material Detail

	
 
	
Current Unit Cost to Date
	
Proposed Unit Cost

	
Material Cost
	
$[***]
	
$[***]

	
MAC
	
[***]%
	
[***]%

	
Material Yield Factor
	
[***]%
	
[***]%

	
Total Material Cost
	
$[***]
	
$[***]

	
 

	
Model 2000 Pricing Labor Detail

	
 
	
Current Unit Cost to Date
	
Proposed Unit Cost

	
Direct Labor Hours
	
[***]
	
[***]

	
Indirect Labor
	
[***]
	
[***]

	
Total Hours
	
[***]
	
[***]

	
Total Cost
	
$[***]
	
$[***]

 

 

 

IN WITNESS HEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

	
 
	
 
	
Vention Medical Design and Development, Inc.

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Thomas Testa

	
 
	
 
	
Title:
	
President

	
 
	
 
	
Printed Name:
	
Thomas Testa

	
 
	
 
	
Date:
	
9/20/2017

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
Nevro Corp.

	
 
	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Andrew Galligan

	
 
	
 
	
Title:
	
 

	
 
	
 
	
Printed Name:
	
 

	
 
	
 
	
Date:sn_EX_10_1

		

			Exhibit 10.1

		

		
			EXECUTION
		

		
			 
		

		
			 
		

		
			 
		

		
			NINTH AMENDMENT TO SECOND AMENDED 
		

		
			AND RESTATED CREDIT AGREEMENT
		

		
			This NINTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Ninth Amendment”), dated as of July 1, 2017, is entered into by and among SANCHEZ ENERGY CORPORATION, a Delaware corporation (“Borrower”), each of SN PALMETTO, LLC, a Delaware limited liability company f/k/a SEP Holdings III, LLC (“SN Palmetto”), SN MARQUIS LLC, a Delaware limited liability company (“SN Marquis”), SN COTULLA ASSETS, LLC, a Texas limited liability company (“SN Cotulla”), SN OPERATING, LLC, a Texas limited liability company (“SN Operating”), SN TMS, LLC, a Delaware limited liability company (“SN TMS”), SN CATARINA, LLC, a Delaware limited liability company (“SN Catarina”), SN EF MAVERICK, LLC, a Delaware limited liability company (“SN Maverick”), and ROCKIN L RANCH COMPANY, LLC, a Delaware limited liability company (“RLRC”; together with SN Palmetto, SN Marquis, SN Cotulla, SN Operating, SN TMS, SN Catarina and SN Maverick collectively, the “Guarantors” and each, a “Guarantor”), the Required Lenders party hereto, and ROYAL BANK OF CANADA, as Administrative Agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
		

		
			RECITALS
		

		
			A.    The Borrower, the Guarantors, the Lenders, RBC, as Issuing Bank, and the Administrative Agent previously entered into that certain Second Amended and Restated Credit Agreement dated as of June 30, 2014 (as amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated as of September 9, 2014, that certain Second Amendment to Second Amended and Restated Credit Agreement dated as of March 31, 2015, that certain Third Amendment to Second Amended and Restated Credit Agreement dated as of July 20, 2015, that certain Fourth Amendment to Second Amended and Restated Credit Agreement dated as of September 29, 2015, that certain Fifth Amendment to Second Amended and Restated Credit Agreement dated as of October 30, 2015, that certain Sixth Amendment to Second Amended and Restated Credit Agreement dated as of January 22, 2016, that certain Seventh Amendment to Second Amended and Restated Credit Agreement dated as of March 18, 2016, and that certain Eighth Amendment to Second Amended and Restated Credit Agreement dated as of April 18, 2017, the “Credit Agreement”) and certain other Loan Documents (as defined in the Credit Agreement) in connection therewith.
		

		
			B.    The Borrower has requested that the Administrative Agent and the Lenders amend the Credit Agreement as set forth herein to make certain amendments as set forth herein. The Administrative Agent and Lenders constituting Required Lenders are willing to amend the Credit Agreement on the terms and conditions contained in this Ninth Amendment.
		

		
			 
		

		
			AGREEMENT
		

		
			

		 

		

			217569 000160 19460200.8

		

 

		

		
			NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Ninth Amendment and other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the parties hereto, the Borrower, the Guarantors, the Required Lenders, the Issuing Bank and the Administrative Agent agree as follows:
		

		
			1.    Defined Terms. Unless otherwise defined herein, capitalized terms used herein have the meanings assigned to them in the Credit Agreement.
		

		
			2.    Specific Amendments to Credit Agreement. The Credit Agreement is hereby amended as follows:
		

		
			(i)    The following defined terms are hereby added to Section 1.02 of the Credit Agreement in the proper alphabetical order:
		

		
			“Ninth Amendment” means that certain Ninth Amendment to Second Amended and Restated Credit Agreement dated as of the Ninth Amendment Effective Date by and among the Borrower, the Guarantors, the Lenders party thereto, and the Administrative Agent.
		

		
			“Ninth Amendment Effective Date” means July 1, 2017.
		

		
			(ii)    The defined term “Agreement” in Section 1.02 of the Credit Agreement is hereby deleted and the following is substituted therefor:
		

		
			“Agreement” means this Second Amended and Restated Credit Agreement, as amended by the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment, Sixth Amendment, Seventh Amendment, Eighth Amendment, Ninth Amendment and as the same may from time to time be amended, modified, supplemented or restated.
		

		
			(iii)    Clause (a) of the defined term “Issuance Related Debt” in Section 1.02 of the Credit Agreement is hereby deleted and the following is substituted therefor:
		

		
			“(a) Senior Unsecured Notes (other than (1) Senior Unsecured Notes described in clauses (i), (ii) and (iii) of the definition of Senior Unsecured Notes, (2) registered senior unsecured notes issued in exchange for any Senior Unsecured Notes, (3) Senior Unsecured Notes comprised of principal representing payment of interest in kind, and (4) Senior Unsecured Notes issued in exchange for or the net proceeds of which are used to Redeem Senior Unsecured Notes) and”
		

		
			(iv)    The defined term “Senior Unsecured Notes” in Section 1.02 of the Credit Agreement is hereby deleted and the following is substituted therefor:
		

		
			“Senior Unsecured Notes” means senior unsecured notes in an aggregate principal amount not to exceed the Senior Unsecured Notes Maximum Issuance Amount issued or to be issued by Borrower, and guaranteed by some or all of the other Loan Parties, (a) in one or more Rule 144A or other private placement 

		 

		

			-2-

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

		

			 

		

		

			 

		

 

offerings including without limitation (i) the Borrower’s $600,000,000 principal amount of 7.750% Senior Notes due 2021, (ii) the Borrower’s $1,150,000,000 principal amount of 6.125% Senior Notes due 2023, and (iii) senior unsecured notes issued by the Borrower not later than September 30, 2017 in an aggregate principal amount not to exceed $300,000,000 and having a maturity date on or after June 30, 2020, and (b) registered senior unsecured notes issued in exchange therefor. 
		

		
			(v)    As a consequence of U.S. Bank National Association’s assignment of 100% of its Loans and Commitment to Macquarie Bank Limited pursuant to an Assignment and Assumption effective as of May 23, 2017, a new Annex I to the Credit Agreement, “List of Maximum Credit Amounts” in the form attached as Annex I to this Ninth Amendment is hereby added to the Credit Agreement in lieu of the existing Annex I.
		

		
			(vi)    A new Exhibit E to the Credit Agreement, “Form of Assignment and Assumption” in the form attached as Exhibit E to this Ninth Amendment is hereby added to the Credit Agreement in lieu of the existing Exhibit E.
		

		
			3.    Representations.  The Borrower represents and warrants that the representations and warranties contained in the Credit Agreement and the representations and warranties contained in the other Loan Documents are true and correct in all material respects on and as of the date this Ninth Amendment becomes effective pursuant to Section 6 as if made on and as of such date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date.
		

		
			4.    Loan Parties’ Ratification. Subject to the conditions set out in Section 6, Borrower (and each other Loan Party by its execution in the space provided below under “ACKNOWLEDGED for the purposes stated in Sections 4, 5 and 8”) hereby ratifies all of its Obligations under the Credit Agreement and each of the other Loan Documents to which it is a party (other than the Guaranty, which is specifically addressed in Section 5), and agrees and acknowledges that the Credit Agreement and each of the other Loan Documents to which it is a party (other than the Guaranty, which is specifically addressed in Section 5) are and shall continue to be in full force and effect. Nothing in this Ninth Amendment extinguishes, novates or releases any right, claim, Lien or entitlement of any of the Lenders, any Issuing Bank or the Administrative Agent created by or contained in any of such documents nor is any Loan Party released from any covenant, warranty or obligation created by or contained herein or therein.  Each Loan Party (other than the Borrower) agrees that its execution and delivery of this Ninth Amendment does not indicate or establish an approval or consent requirement by any such Loan Party under the Credit Agreement in connection with the execution and delivery of amendments to the Credit Agreement, the Notes or any of the other Loan Documents (other than any Loan Document to which such a Loan Party is a party).
		

		
			5.    Guarantors’ Ratification. Each Guarantor by its execution in the space provided below under “ACKNOWLEDGED for the purposes stated in Sections 4, 5 and 8” hereby ratifies, confirms, acknowledges and agrees that its obligations under the Guaranty are in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, of 

		 

		

			-3-

		

		

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the Obligations, and its execution and delivery of this Ninth Amendment does not indicate or establish an approval or consent requirement by any Guarantor under the Guaranty in connection with the execution and delivery of amendments to the Credit Agreement, the Notes or any of the other Loan Documents (other than the Guaranty or any other Loan Document to which a Guarantor is a party).
		

		
			6.    Conditions to Effectiveness of Ninth Amendment. This Ninth Amendment shall be effective upon the satisfaction, in the Administrative Agent’s sole discretion, of the following conditions precedent:
		

		
			(i)    The Administrative Agent shall have executed, and shall have received from the Borrower and Required Lenders duly executed signature pages to, this Ninth Amendment, and shall have received a duly executed acknowledgement of Sections 4, 5 and 8 of this Ninth Amendment from each Guarantor; and 
		

		
			(ii)    the Administrative Agent shall have received such other documents as the Administrative Agent or its counsel may reasonably request. 
		

		
			7.    No Implied Amendment, Waiver or Consent. This Ninth Amendment shall not constitute an amendment or waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrower that would require a waiver or consent of the Lenders or Required Lenders, as applicable, or an amendment or modification to any term of the Loan Documents except as expressly stated herein.
		

		
			8.    Miscellaneous. This Ninth Amendment is a Loan Document. Except as affected by this Ninth Amendment, the Loan Documents are unchanged and continue in full force and effect. However, in the event of any inconsistency between the terms of the Credit Agreement, as amended by this Ninth Amendment, and any other Loan Document, the terms of the Credit Agreement as amended by this Ninth Amendment will control and the other document will be deemed to be amended to conform to the terms of the Credit Agreement as amended by this Ninth Amendment. All references to the Credit Agreement will refer to the Credit Agreement as amended by this Ninth Amendment and any other amendments properly executed among the parties. Borrower and each Guarantor agrees that all Loan Documents to which it is a party (whether as an original signatory or by assumption of the Obligations) remain in full force and effect and continue to evidence its legal, valid and binding obligations enforceable in accordance with their terms (as the same are affected by this Ninth Amendment or are amended in connection with this Ninth Amendment). AS A MATERIAL INDUCEMENT TO THE ADMINISTRATIVE AGENT, THE ISSUING BANKS AND LENDERS PARTY HERETO TO ENTER INTO THIS NINTH AMENDMENT, BORROWER AND EACH GUARANTOR RELEASES THE ADMINISTRATIVE AGENT, THE ISSUING BANKS, THE LENDERS AND THEIR RESPECTIVE PREDECESSORS, SUCCESSORS, ASSIGNS, DIRECTORS, OFFICERS, EMPLOYEES, TRUSTEES, AGENTS AND ATTORNEYS FROM ANY LIABILITY FOR ACTIONS OR FAILURES TO ACT IN CONNECTION WITH THE LOAN DOCUMENTS PRIOR TO THE NINTH AMENDMENT EFFECTIVE DATE. NO COURSE OF DEALING BETWEEN BORROWER, ANY GUARANTOR OR ANY OTHER PERSON, ON THE ONE HAND, AND THE ADMINISTRATIVE AGENT, ISSUING BANKS AND THE LENDERS, ON 

		 

		

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			Ninth Amendment to Sanchez

		

		

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THE OTHER, WILL BE DEEMED TO HAVE ALTERED OR AMENDED THE CREDIT AGREEMENT OR AFFECTED BORROWER’S, ANY GUARANTOR’S, THE ADMINISTRATIVE AGENT’S, THE ISSUING BANKS’ OR THE LENDERS’ RIGHT TO ENFORCE THE CREDIT AGREEMENT as amended by this Ninth Amendment AS WRITTEN. This Ninth Amendment will be binding upon and inure to the benefit of each of the undersigned and their respective successors and permitted assigns.
		

		
			9.    Form. Each agreement, document, instrument or other writing to be furnished to the Administrative Agent and/or the Lenders under any provision of this instrument must be in form and substance reasonably satisfactory to the Administrative Agent and its counsel.
		

		
			10.    Headings. The headings and captions used in this Ninth Amendment are for convenience only and will not be deemed to limit, amplify or modify the terms of this Ninth Amendment, the Credit Agreement, or the other Loan Documents.
		

		
			11.    Interpretation.  Wherever possible each provision of this Ninth Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Ninth Amendment shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Ninth Amendment.
		

		
			12.    Multiple Counterparts. This Ninth Amendment may be separately executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to constitute one and the same agreement. This Ninth Amendment may be transmitted and/or signed by facsimile, telecopy or electronic mail. The effectiveness of any such documents and signatures shall, subject to applicable law, have the same force and effect as manually‐signed originals and shall be binding on all Loan Parties, all Lenders, the Administrative Agent and the Issuing Banks. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually‐signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature.
		

		
			13.    Governing Law.  This NINTH AMENDMENT shall be governed by, and construed in accordance with the laws of the State of NEW YORK without regard to any choice-of-law provisions that would require the application of the law of another jurisdiction.
		

		
			[Signature Pages Follow]
		

		
			 
		

		
			

		 

		

			-5-

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

		

			 

		

		

			 

		

 

		

			 

		

		

		
			IN WITNESS WHEREOF, the parties hereto have caused this Ninth Amendment to be executed by their respective officers thereunto duly authorized as of the date first above written.
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						BORROWER:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SANCHEZ ENERGY CORPORATION,  
a Delaware corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						Antonio R. Sanchez, III

				
	
					
						 

					
					
						 

					
					
						Chief Executive Officer

				

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 1

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ACKNOWLEDGED for the purposes stated in Sections 4, 5 and 8:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						GUARANTORS:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN PALMETTO, LLC,
a Delaware limited liability company, f/k/a 

					
						SEP Holdings III, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN MARQUIS LLC,
a Delaware limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN COTULLA ASSETS, LLC,
a Texas limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN OPERATING, LLC,
a Texas limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN TMS, LLC,
a Delaware limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN CATARINA, LLC,
a Delaware limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SN EF MAVERICK, LLC,
a Delaware limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ROCKIN L RANCH COMPANY, LLC,
a Delaware limited liability company

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Antonio R. Sanchez, III

				
	
					
						 

					
					
						 

					
					
						Chief Executive Officer

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 2

		

		

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			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ADMINISTRATIVE AGENT:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ROYAL BANK OF CANADA, as Administrative Agent

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 3

		

		

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						LENDERS:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ISSUING BANK AND LENDER:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						ROYAL BANK OF CANADA

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 4

		

		

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						CAPITAL ONE, NATIONAL ASSOCIATION

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 5

		

		

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						CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 6

		

		

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						FIFTH THIRD BANK

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 7

		

		

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						COMPASS BANK

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 8

		

		

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						SUNTRUST BANK

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 9

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ING CAPITAL LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 10

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						BRANCH BANKING AND TRUST COMPANY

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 11

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						IBERIABANK

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 12

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ABN AMRO CAPITAL USA LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 13

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						SOCIÉTÉ GENÉRALÉ

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 14

		

		

			Ninth Amendment to Sanchez

		

		

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						BMO HARRIS BANK, N.A.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 15

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 16

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						SUMITOMO MITSUI BANKING CORPORATION

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 17

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MACQUARIE BANK LIMITED

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			 

		

		

			Signature Page 18

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						COMERICA BANK

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			Signature Page 19

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			ANNEX I
		

		
			LIST OF MAXIMUM CREDIT AMOUNTS
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Name of Lender

					
					
						Applicable Percentage

					
					
						Elected Commitment

					
					
						Maximum Credit Amount

				
	
					
						Royal Bank of
Canada

					
					
						10.196078%

					
					
						$30,588,235.30

					
					
						$152,941,176.45

				
	
					
						Capital One, National
Association

					
					
						10.196078%

					
					
						$30,588,235.30

					
					
						$152,941,176.45

				
	
					
						Compass Bank

					
					
						8.921569%

					
					
						$26,764,705.88

					
					
						$133,823,529.42

				
	
					
						SunTrust Bank

					
					
						8.921569%

					
					
						$26,764,705.88

					
					
						$133,823,529.42

				
	
					
						Credit Suisse AG,
Cayman Islands
Branch

					
					
						6.372549%

					
					
						$19,117,647.06

					
					
						$95,588,235.29

				
	
					
						Branch Banking and
Trust Company

					
					
						6.372549%

					
					
						$19,117,647.06

					
					
						$95,588,235.29

				
	
					
						ING Capital LLC

					
					
						6.372549%

					
					
						$19,117,647.06

					
					
						$95,588,235.29

				
	
					
						ABN AMRO Capital
USA LLC

					
					
						6.372549%

					
					
						$19,117,647.06

					
					
						$95,588,235.29

				
	
					
						Sociètè Genèralè

					
					
						6.372549%

					
					
						$19,117,647.06

					
					
						$95,588,235.29

				
	
					
						IBERIABANK

					
					
						6.372549%

					
					
						$19,117,647.06

					
					
						$95,588,235.29

				
	
					
						BMO Harris
Bank, N.A.

					
					
						4.705882%

					
					
						$14,117,647.06

					
					
						$70,588,235.30

				
	
					
						Credit Agricole
Corporate and
Investment Bank

					
					
						4.705882%

					
					
						$14,117,647.06

					
					
						$70,588,235.30

				
	
					
						Sumitomo Mitsui
Banking Corporation

					
					
						3.529412%

					
					
						$10,588,235.29

					
					
						$52,941,176.48

				
	
					
						Macquarie Bank
Limited

					
					
						3.529412%

					
					
						$10,588,235.29

					
					
						$52,941,176.48

				
	
					
						Comerica Bank

					
					
						3.529412%

					
					
						$10,588,235.29

					
					
						$52,941,176.48

				
	
					
						Fifth Third Bank

					
					
						3.529412%

					
					
						$10,588,235.29

					
					
						$52,941,176.48

				
	
					
						TOTAL

					
					
						100%

					
					
						$300,000,000.00

					
					
						$1,500,000,000.00

				

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			Annex I

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

		
			EXHIBIT E
		

		
			FORM OF ASSIGNMENT AND ASSUMPTION
		

		
			Reference is made to the Second Amended and Restated Credit Agreement, dated as of June 30, 2014 (as amended, restated, supplemented or otherwise modified from time to time and in effect on the date hereof, the “Credit Agreement”), among SANCHEZ ENERGY CORPORATION, a Delaware corporation (the “Borrower”), the Lenders named therein and Royal Bank of Canada, as Administrative Agent for the Lenders.  Capitalized terms defined in the Credit Agreement are used herein with the same meanings.
		

		
			The Assignor named below hereby sells and assigns, without recourse, to the Assignee named below, and the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the Assignment Date set forth below, the interests set forth below (the “Assigned Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the interests set forth below in the Elected Commitment of the Assignor on the Assignment Date and Loans owing to the Assignor which are outstanding on the Assignment Date, together with the participations in Letters of Credit and LC Disbursements held by the Assignor on the Assignment Date, but excluding accrued interest and fees to and excluding the Assignment Date.  The Assignee hereby acknowledges receipt of a copy of the Credit Agreement.  From and after the Assignment Date (i) the Assignee shall be a party to and be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent of the Assigned Interest, relinquish its rights and be released from its obligations under the Credit Agreement.
		

		
			This Assignment and Assumption is being delivered to the Administrative Agent (with a copy to the Borrower) together with (i) if the Assignee is a Foreign Lender, any documentation required to be delivered by the Assignee pursuant to Section 5.03 of the Credit Agreement, duly completed and executed by the Assignee, and (ii) if the Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire in the form supplied by the Administrative Agent, duly completed by the Assignee.  The [Assignee/Assignor] shall pay the fee payable to the Administrative Agent pursuant to Section 12.04(b) of the Credit Agreement.
		

		
			This Assignment and Assumption shall be governed by and construed in accordance with the laws of the State of New York.
		

		
			Date of Assignment:
		

		
			Legal Name of Assignor:
		

		
			Legal Name of Assignee:
		

		
			Assignee’s Address for Notices:
		

		
			Effective Date:
		

		
			
		

		

		 

		

			 

		

		

			Exhibit E Page 1

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

	
					
						

					
						 

					
						 

					
						 

					
						 

					
						 

					
					
						 

					
						 

					
						 

					
						 

					
						 

					
					
						 

					
						 

					
						 

					
						 

					
					
						 

				
	
					
						 

					
						 

					
						 

					
						 

					
						Facility

					
					
						 

					
						 

					
						Principal Amount of

					
						Maximum Credit

					
						Amount Assigned

					
						 

					
					
						 

					
						 

					
						Principal Amount of

					
						Elected Commitment

					
						Assigned

					
						 

					
					
						Percentage Assigned of

					
						Maximum Credit

					
						Amount and Elected

					
						Commitment Amount

					
						(set forth, to at least 8

					
						decimals)

				
	
					
						Loans:

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			The terms set forth above and on the reverse side hereof are hereby agreed to:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						[Name of Assignor], as Assignor

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						[Name of Assignee], as Assignee

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			Exhibit E Page 2

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

The undersigned hereby consent to the within assignment: 1
		

		
			ROYAL BANK OF CANADA, as Administrative Agent
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		

		
			1.   Consents to be included to the extent required by Section 12.04(b) of the Credit Agreement.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			Exhibit E Page 3

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

		

 

		

			 

		

		

		
			 
		

		
			STANDARD TERMS AND CONDITIONS FOR
		

		
			ASSIGNMENT AND ASSUMPTION
		

		
			 
		

		
			1.         Representations and Warranties.
		

		
			 
		

		
			1.1       Assignor.  The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.
		

		
			1.2.      Assignee.  The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 8.01(a) or Section 8.01(b) thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
		

		
			2.         Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.
		

		
			3.         General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by fax or other electronic transmission (e.g., .pdf) shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.
		

		
			 
		

		 

		

			 

		

		

			Exhibit E Page 4

		

		

			Ninth Amendment to Sanchez

		

		

			Second Amended and Restated Credit Agreement

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