Document:

exv10w1

Exhibit 10.1

ev3 INC.

EMPLOYEE STOCK PURCHASE PLAN

(As amended and restated by the Board of Directors of ev3 Inc. on December 10, 2009,

subject to approval by the stockholders of ev3 Inc.)

     Section 1. Purpose. This Employee Stock Purchase Plan (the “Plan”) is intended to
advance the interests of ev3 Inc., a Delaware corporation (“the Company”) and its stockholders by
providing Employees of the Company and its Designated Subsidiaries with opportunities to acquire
shares of the Company’s Common Stock on favorable terms through payroll deductions. The Plan is
intended to qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue
Code of 1986, as amended (the “Code”), and will be construed so as to extend and limit
participation in a manner consistent with the requirements of Section 423 of the Code.

     Section 2. Definitions.

     (a) “Board” means the Board of Directors of the Company.

     (b) “Common Stock” means the common stock, par value $0.01 per share, of the Company,
or the number and kind of shares of stock or other securities into which such common stock
may be changed in accordance with Section 13 of the Plan.

     (c) “Committee” means the entity administering the Plan, as provided in Section 3
below.

     (d) “Compensation” means regular straight-time earnings and commissions that are
included in regular compensation, including amounts that would have constituted compensation
but for a Participant’s election to defer or reduce compensation pursuant to any deferred
compensation, cafeteria, capital accumulation or any other similar plan of the Company and
excluding all other amounts such as amounts attributable to overtime, shift premium,
incentive compensation and bonuses (except to the extent that the inclusion of any such item
is specifically directed by the Committee), determined in a manner consistent with the
requirements of Section 423 of the Code.

     (e) “Designated Subsidiary” means a Subsidiary that has been designated by the Board
from time to time, in its sole discretion, as eligible to participate in the Plan.

     (f) “Employee” means any person, including an officer, who is employed by the Company
or one of its Designated Subsidiaries, excluding any such person whose customary employment
with the Company or a Designated Subsidiary is for 20 hours or less per week.

     (g) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     (h) “Fair Market Value” means, with respect to the Common Stock, as of any date: (i)
the closing sale price of the Common Stock as of such date at the end of the regular trading
session, as reported by the Nasdaq Stock Market, the New York Stock Exchange, the American
Stock Exchange or any national securities exchange on which the Common Stock is then listed
or quoted (or, if no shares were traded on such date, as of the next preceding date on which
there was such a trade); or (ii) if the Common Stock is not so listed, admitted to unlisted
trading privileges, or reported on any national securities exchange, the closing sale price
as of such date at the end of the regular trading session, as reported by the OTC Bulletin
Board or the Pink

 

 

Sheets, LLC, or other comparable service (or, if no shares were traded or quoted on such
date, as of the next preceding date on which there was such a trade or quote); or (iii) if
the Common Stock is not so listed or reported, such price as the Committee determines in its
sole discretion in a manner acceptable under Section 423 of the Code.

     (i) “Offering” means any of the offerings to Participants of options to purchase Common
Stock under the Plan, as described in Section 5 below.

     (j) “Offering Date” means the first day of the period of an Offering under the Plan, as
described in Section 5 below.

     (k) “Option Price” is defined in Section 8 below.

     (l) “Participant” means an eligible Employee who elects to participate in the Plan
pursuant to Section 6 below.

     (m) “Securities Act” means the Securities Act of 1933, as amended.

     (n) “Subsidiary” means any subsidiary corporation of the Company within the meaning of
Section 424(f) of the Code.

     (o) “Purchase Date” means the last day of the period of an Offering under the Plan, as
described in Section 5 below.

     Section 3. Administration. The Plan will be administered by the Board or by a
committee of the Board. So long as the Company has a class of its equity securities registered
under Section 12 of the Exchange Act, the Plan will be administered by a committee (the
“Committee”) consisting solely of not less than two members of the Board who are “non-employee
directors” within the meaning of Rule 16b-3 under the Exchange Act. Such a committee, if
established, will act by majority approval of the members (but may also take action with the
written consent of all the members of such committee), and a majority of the members of such a
committee will constitute a quorum. As used in the Plan, “Committee” will refer to the Board or to
such a committee, if established. To the extent consistent with corporate law, the Committee may
delegate to any officers of the Company the duties, power and authority of the Committee under the
Plan pursuant to such conditions or limitations as the Committee may establish; provided, however,
that only the Committee may exercise such duties, power and authority with respect to Participants
who are subject to Section 16 of the Exchange Act. The Committee may exercise its duties, power
and authority under the Plan in its sole discretion without the consent of any Participant or other
party, unless the Plan specifically provides otherwise. Each determination, interpretation or
other action made or taken by the Committee pursuant to the provisions of the Plan will be final,
conclusive and binding for all purposes and on all persons, including, without limitation, the
Company, the stockholders of the Company, the Participants and their respective
successors-in-interest. No member of the Committee shall be liable for any action or determination
made in good faith with respect to the Plan or any option granted under the Plan.

     Section 4. Eligibility.

     (a) With respect to an Offering, any Employee employed by the Company or a Designated
Subsidiary on the Offering Date shall be eligible to participate in the Plan, subject to the
limitations imposed by Section 423(b) of the Code.

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     (b) Any provisions of the Plan to the contrary notwithstanding, no Employee shall be
granted an option under the Plan if:

     (i) immediately after the grant, such Employee (or any other person whose stock
ownership would be attributed to such Employee pursuant to Section 424(d) of the
Code) would own shares of Common Stock and/or hold outstanding options to purchase
shares of Common Stock possessing 5% or more of the total combined voting power or
value of all classes of shares of the Company or of any Subsidiary; or

     (ii) the amount of payroll deductions that the Employee has elected to have
withheld under such option (pursuant to Section 7 below) would permit the Employee
to purchase shares of Common Stock under all “employee stock purchase plans” (within
the meaning of Section 423 of the Code) of the Company and its Subsidiaries to
accrue (i.e., become exercisable) at a rate that exceeds $25,000 of the Fair Market
Value of such shares of Common Stock (determined at the time such option is granted)
for each calendar year in which such option is outstanding at any time.

     Section 5. Offerings. Options to purchase shares of Common Stock shall be offered to
Participants under the Plan through a continuous series of Offerings, each continuing for six
months and each of which shall commence on January 1 and July 1 of each year, as the case may be,
and shall terminate on June 30 and December 31 of such year, as the case may be; provided, however,
that the first Offering under the Plan and any subsequent Offering commenced immediately after a
suspension of the Plan shall have an Offering Date and Purchase Date as determined by the Committee
in its sole discretion. Offerings under the Plan shall continue until either (a) the Committee
decides, in its sole discretion, that no further Offerings shall be made because the Common Stock
remaining available under the Plan is insufficient to make an Offering to all eligible Employees,
or (b) the Plan is terminated under Section 17 below. Notwithstanding the foregoing, and without
limiting the authority of the Committee under Section 3, 13(b) and 17 of the Plan, the Committee,
in its sole discretion, may (a) accelerate the Purchase Date of the then current Offering and
provide for the exercise of options thereunder by Participants in accordance with Section 9 of the
Plan, or (b) accelerate the Purchase Date of the then current Offering and provide that all payroll
deductions credited to the accounts of Participants will be paid to Participants as soon as
practicable after such Purchase Date and that all options for such Offering will automatically be
canceled and will no longer be exercisable, if such change is announced at least five (5) days
prior to the newly scheduled Purchase Date.

     Section 6. Participation.

     (a) An eligible Employee may become a Participant in the Plan by completing a
subscription agreement authorizing payroll deductions on the form provided by the Company
(the “Participation Form”) and filing the Participation Form with the Company’s Human
Resources Department or the stock brokerage or other financial services firm designated by
the Company (“Designated Broker”) not less than 15 days before the Offering Date of the
first Offering in which the Participant wishes to participate.

     (b) Except as provided in Section 7(a) below, payroll deductions for a Participant
shall begin with the first payroll following the applicable Offering Date, and shall
continue until the termination date of the Plan, subject to earlier termination by the
Participant as provided in Section 11 below or increases or decreases by the Participant in
the amount of payroll deductions as provided in Section 7(c) below.

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     Section 7. Payroll Deductions.

     (a) By completing and filing a Participation Form, a Participant shall elect to have
payroll deductions made from the Participant’s total Compensation (in whole percentages from
1% to a maximum of 10% of the Participant’s total Compensation) on each payday during the
time he or she is a Participant in the Plan in such amount as he or she shall designate on
the Participation Form; provided, however, that no Participant’s payroll deductions shall be
less than $10.00 per pay period.

     (b) All payroll deductions authorized by a Participant shall be credited to an account
established under the Plan for the Participant. The monies represented by such account
shall be held as part of the Company’s general assets, usable for any corporate purpose, and
the Company shall not be obligated to segregate such monies. A Participant may not make any
separate cash payment or contribution to such account.

     (c) No increases or decreases of the amount of payroll deductions for a Participant may
be made during an Offering. A Participant may increase or decrease the amount of the
Participant’s payroll deductions under the Plan for subsequent Offerings by completing an
amended Participation Form and filing it with the Company’s Human Resources Department or
Designated Broker not less than 15 days prior to the Offering Date as of which such increase
or decrease is to be effective.

     (d) A Participant may discontinue the Participant’s participation in the Plan at any
time as provided in Section 11 below.

     Section 8. Grant of Option. On each Offering Date, each eligible Employee who is then
a Participant shall be granted (by operation of the Plan) an option to purchase as many full shares
of Common Stock at the Option Price as he or she will be able to purchase with (a) the payroll
deductions credited to the Participant’s account during the Participant’s participation in the
Offering beginning on such Offering Date and (b) the balance (if any) carried forward from the
Employee’s payroll deduction account from the preceding Offering. Notwithstanding the foregoing,
in no event may the number of shares purchased by any Employee during an Offering exceed 2,500
shares of Common Stock. The option price per share of such shares (the “Option Price”) shall be
equal to the lesser of: (a) 85% of the Fair Market Value of one share of Common Stock on the
Offering Date or (b) 85% of the Fair Market Value of one share of Common Stock on the Purchase
Date.

     Section 9. Exercise of Option.

     (a) Unless a Participant gives written notice to the Company as provided in Section
9(d) below or withdraws from the Plan pursuant to Section 11 below, the Participant’s option
for the purchase of shares of Common Stock granted for an Offering will be exercised
automatically at the Purchase Date of such Offering for the purchase of the number of full
shares of Common Stock that the accumulated payroll deductions in the Participant’s account
on such Purchase Date will purchase at the applicable Option Price.

     (b) A Participant may only purchase one or more full shares in connection with the
automatic exercise of an option granted for any Offering. That portion of any balance
remaining in a Participant’s payroll deduction account at the close of business on the
Purchase Date of any Offering that is less than the purchase price of one full share will be
carried forward into the Participant’s payroll deduction account for the following Offering.
In no event will the balance carried forward be equal to or greater than the purchase price
of one share on the Purchase Date

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of an Offering. Notwithstanding the foregoing, the Committee may determine, in its sole
discretion, that in lieu of carrying such cash balances forward, such balances will be
deemed to have purchased such number of fractional shares of Common Stock as would then be
purchasable at the applicable Option Price, with such fractional shares calculated to the
fourth (4th) decimal place.

     (c) No Participant (or any person claiming through such Participant) shall have any
interest in any Common Stock subject to an option under the Plan until such option has been
exercised, at which point such interest shall be limited to the interest of a purchaser of
the Common Stock purchased upon such exercise pending the delivery or credit of such Common
Stock in accordance with Section 10 below. During the Participant’s lifetime, a
Participant’s option to purchase shares of Common Stock under the Plan is exercisable only
by the Participant.

     (d) By written notice to the Company prior to the Purchase Date of any Offering, a
Participant may elect, effective on such Purchase Date to withdraw all of the accumulated
payroll deductions in the Participant’s account as of the Purchase Date (which withdrawal
may, but need not, also constitute a notice of termination and withdrawal pursuant to
Section 11(a)).

     Section 10. Delivery.

     (a) Except as provided in paragraph (b) below, as promptly as practicable after the
Purchase Date of each Offering, the Company will deliver to each Participant, as
appropriate, either:

     (i) a certificate representing the shares of Common Stock purchased upon
exercise of the Participant’s option granted for such Offering, registered in the
name of the Participant or, if the Participant so directs on the Participant’s
Participation Form, in the names of the Participant and the Participant’s spouse; or

     (ii) if the Participant makes an election pursuant to Section 9(d) for the
Offering, a cash payment equal to the total of the payroll deductions credited to
the Participant’s account.

     (b) Notwithstanding paragraph (a) above, in lieu of delivering certificates to each of
the Participants with respect to shares of Common Stock purchased in connection with an
Offering, the Company may deliver a certificate to a third party representing an aggregate
of all of the shares of Common Stock purchased in connection with the Offering (including an
aggregate of all of the fractional shares deemed to have been purchased pursuant to Section
9(b), if applicable) rounded down to the nearest full share, plus cash in an amount equal to
the Option Price multiplied by any remaining fractional share deemed to have been purchased
pursuant to Section 9(b), if applicable, which shares will be held for the benefit of the
Participants in accordance with their respective interests, and will deliver a statement of
account to each Participant indicating the number of shares of Common Stock purchased by
that Participant in connection with that Offering. In the event shares are held for the
benefit of Participants, all full shares purchased and fractional shares deemed to have been
purchased by a Participant in an Offering and in any subsequent Offerings will accumulate
for the benefit of the Participant until the Participant’s withdrawal or termination
pursuant to Section 11.

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     Section 11. Withdrawal; Termination of Employment.

     (a) A Participant may terminate the Participant’s participation in the Plan and
withdraw all, but not less than all, the payroll deductions credited to the Participant’s
account under the Plan at any time prior to the Purchase Date of an Offering, for such
Offering, by giving written notice to the Company’s Human Resources Department or Designated
Broker. Such notice shall state that the Participant wishes to terminate the Participant’s
involvement in the Plan, specify a termination date and request the withdrawal of all of the
Participant’s payroll deductions held under the Plan. All of the Participant’s payroll
deductions credited to the Participant’s account will be paid to the Participant as soon as
practicable after the termination date specified in the notice of termination and withdrawal
(or, if no such date is specified, as soon as practical after receipt of the Participant’s
notice of termination and withdrawal), and the Participant’s option for such Offering will
be automatically canceled, and no further payroll deductions for the purchase of shares of
Common Stock will be made for such Offering or for any subsequent Offering, except in
accordance with a new Participation Form filed pursuant to Section 6 above.

     (b) Upon termination of a Participant’s employment for any reason, including retirement
or death, the payroll deductions accumulated in the Participant’s account will be returned
to the Participant as soon as practicable after such termination or, in the case of the
Participant’s death, to the person or persons entitled thereto under Section 14 below, and
the Participant’s option will be automatically canceled. In the event that shares are held
for the benefit of Participants pursuant to Section 10(b), then upon the termination of a
Participant’s employment for any reason, including retirement or death, the Participant, or,
in the case of death, the Participant’s designated beneficiary (if allowed by the Committee)
or the executor or administrator of the Participant’s estate will be entitled to receive, a
certificate representing the number of full shares of Common Stock held for the benefit of
the Participant plus cash in an amount equal to the Fair Market Value of any remaining
fractional share deemed to have been purchased. In any event, Fair Market Value will be
determined as of such termination and such certificate will be delivered and such amounts
paid as soon thereafter as practicable. For purposes of the Plan, the termination date of
employment shall be the Participant’s last date of actual employment and shall not include
any period during which such Participant receives any severance payments. A transfer of
employment between the Company and a Designated Subsidiary or between one Designated
Subsidiary and another Designated Subsidiary, or absence or leave approved by the Company,
shall not be deemed a termination of employment under this Section 11(b).

     (c) A Participant’s termination and withdrawal pursuant to Section 11(a) above will not
have any effect upon the Participant’s eligibility to participate in a subsequent Offering
by completing and filing a new Participation Form pursuant to Section 6 above or in any
similar plan that may hereafter be adopted by the Company.

     Section 12. Interest. No interest shall accrue on a Participant’s payroll deductions
under the Plan.

     Section 13. Stock Subject to the Plan.

     (a) The maximum number of shares of Common Stock that shall be reserved for sale under
the Plan shall be 1,750,000 shares, subject to adjustment upon changes in capitalization of
the Company as provided in Section 13(b) below. The shares to be sold to Participants under
the Plan may be, at the election of the Company, either treasury shares or shares authorized
but

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unissued. If the total number of shares of Common Stock that would otherwise be subject to
options granted pursuant to Section 8 above on any Purchase Date exceeds the number of
shares then available under the Plan (after deduction of all shares for which options have
been exercised or are then outstanding), the Company shall make a pro rata allocation of the
shares of Common Stock remaining available for issuance in as uniform and equitable a manner
as is practicable. In such event, the Company shall give written notice of such reduction
of the number of shares subject to the option to each Participant affected thereby and shall
return any excess funds accumulated in each Participant’s account as soon as practicable
after the Purchase Date of such Offering.

     (b) In the event of any reorganization, merger, consolidation, recapitalization,
liquidation, reclassification, stock dividend, stock split, combination of shares, rights
offering, divestiture or extraordinary dividend (including a spin-off) or any other similar
change in the corporate structure or shares of the Company, the Committee (or, if the
Company is not the surviving corporation in any such transaction, the board of directors of
the surviving corporation) will make appropriate adjustment (which determination will be
conclusive) as to the number and kind of securities or other property (including cash)
available for issuance or payment under the Plan and, in order to prevent dilution or
enlargement of the rights of Participants, the number and kind of securities or other
property (including cash) subject to, and the exercise price of, outstanding options.

     (c) In the event that Participants are deemed to have purchased fractional shares of
Common Stock pursuant to Section 9(b), the aggregate of such fractional share interests at
any given time will be applied to reduce the maximum number of shares of Common Stock
remaining available for issuance under the Plan; provided, however, that any fractional
shares that are paid out to a Participant in cash pursuant to Section 11 will automatically
again become available for issuance under the Plan.

     Section 14. Designation of Beneficiary.

     (a) In the discretion of the Committee, a Participant may file written designation of a
beneficiary who is to receive shares of Common Stock and/or cash, if any, from the
Participant’s account under the Plan in the event of such Participant’s death at a time when
cash or shares of Common Stock are held for the Participant’s account.

     (b) Such designation of beneficiary may be changed by the Participant at any time by
written notice. In the event of the death of a Participant in the absence of a valid
designation of a beneficiary who is living at the time of such Participant’s death, the
Company shall deliver such shares of Common Stock and/or cash to the executor or
administrator of the estate of the Participant; or, if no such executor or administrator has
been appointed (to the knowledge of the Company), the Company, in its discretion, may
deliver such shares of Common Stock and/or cash to the spouse or to any one or more
dependents or relatives of the Participant; or, if no spouse, dependent or relative is known
to the Company, then to such other person as the Company may designate.

     Section 15. Transferability. Neither payroll deductions credited to a Participant’s
account nor any rights with regard to the exercise of an option or to receive shares of Common
Stock under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way
(other than by will, the laws of descent and distribution, or as provided in Section 14 above) by
the Participant. Any such attempt at assignment, transfer, pledge or other disposition shall be
without effect, except that the Company may treat such act as an election to withdraw funds in
accordance with Section 11(a) above.

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     Section 16. Share Transfer Restrictions.

     (a) Shares of Common Stock shall not be issued under the Plan unless such issuance is
either registered under the Securities Act and applicable state securities laws or is exempt
from such registration.

     (b) Shares of Common Stock issued under the Plan may not be sold, assigned,
transferred, pledged encumbered, or otherwise disposed of (whether voluntarily or
involuntarily) except pursuant to registration under the Securities Act and applicable state
securities laws, or pursuant to exemptions from such registration.

     (c) The Company may condition the issuance, sale or transfer of shares of Common Stock
upon the receipt of any representations or agreements from the parties involved, and the
placement of any legends on certificates representing shares of Common Stock, as may be
deemed necessary or advisable by the Company in order to comply with such securities law or
other restrictions.

     Section 17. Amendment. The Plan may be amended by the Board from time to time to the
extent that the Board deems necessary or appropriate in light of, and consistent with, Section 423
of the Code; provided, however, that no such amendment shall be effective, without approval of the
stockholders of the Company, if stockholder approval of the amendment is then required pursuant to
Rule 16b-3 under the Exchange Act or any successor rule, the rules of any stock exchange or Nasdaq
if the Common Stock is then listed on such exchange or Nasdaq or similar regulatory body, or
Section 423 of the Code.

     Section 18. Notices. All notices or other communications by a Participant to the
Company in connection with the Plan shall be deemed to have been duly given when received by the
Chief Financial Officer of the Company or by any other person designated by the Company for the
receipt of such notices or other communications, in the form and at the location specified by the
Company.

     Section 19. No Right to Employment. Nothing in the Plan will interfere with or limit
in any way the right of the Company or any Designated Subsidiary to terminate the employment of any
Employee or Participant at any time, nor confer upon any Employee or Participant any right to
continue in the employ of the Company or any Designated Subsidiary.

     Section 20. Effective Date of Plan; Termination. The Plan shall be effective as of
February 13, 2006, the date it was adopted by the Board. The Plan has been adopted by the Board
subject to stockholder approval, and prior to stockholder approval shares of Common Stock may be
issued under the Plan subject to such approval. The Board may terminate or suspend the Plan or the
granting of options pursuant to the Plan at any time. The Plan will automatically terminate at
midnight on February 12, 2016. No option will be granted after termination of the Plan.

     Section 21. Governing Law. Except to the extent expressly provided herein or in
connection with other matters of corporate governance and authority (all of which shall be governed
by the laws of the Company’s jurisdiction of incorporation), the validity, construction,
interpretation, administration and effect of the Plan and any rules, regulations and actions
relating to the Plan will be governed by and construed exclusively in accordance with the laws of
the State of Minnesota, notwithstanding the conflicts of laws principles of any jurisdictions.

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     Section 22. Miscellaneous. The headings to Sections in the Plan have been included
for convenience of reference only. Except as otherwise expressly indicated, all references to
Sections in the Plan shall be to Sections of the Plan.

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ev3 INC.

EMPLOYEE STOCK PURCHASE PLAN

Payroll Deduction Authorization Form And Subscription Agreement

                         Original Application

                         Change in Payroll Deduction Amount

	1.	 	                                         hereby elects to participate in the ev3 Inc. Employee Stock
Purchase Plan (the “Plan”) and subscribes to purchase shares of the Company’s Common Stock
(the “Shares”) according to this Agreement and the Plan.
	 
	2..	 	I hereby authorize payroll deductions, beginning                                         , 20___, from each paycheck in
the amount of $                                         (may not exceed 10% of total compensation on each payday) in
accordance with the Plan.
	 
	3.	 	I understand that such payroll deductions will be accumulated to purchase shares according to
the Plan, and that shares will be purchased for me automatically at the end of each offering
period under the Plan unless I withdraw my accumulated payroll deductions, withdraw from the
Plan, or both, by giving written notice to the Company prior to the end of the offering
period, as provided in the Plan.
	 
	4.	 	Shares purchased for me under the Plan should be issued or held in an account in the name(s) of:

	 	 	 
	 

	 	 
	(name(s))
	 	 
	 
	 	 
	 

	 	 
	(address)
	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	(social security number)
	 	 

	5.	 	I understand that if I dispose of any shares I receive under the Plan within two years after
the first day of the offering period during which I purchased the shares, I may be treated for
U.S. federal income tax purposes as having received ordinary income at the time of such
disposition in an amount equal to the excess of the fair market value of the shares on the
date purchased over the option price paid for the shares. I hereby agree to notify the
Company in writing within 30 days after the date of any such disposition. However, if I
dispose of any such shares at any time after the expiration of the two-year holding period, I
understand that I will be treated for U.S. federal income tax purposes as having received
income only at the time of such disposition, and that such income will be taxed as ordinary
income only to the extent of an amount equal to the lesser of (a) the excess of the fair
market value of the shares at the time of such disposition over the amount paid for the shares
under the option, or (b) the excess of the fair market value of the shares on the

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	 	 	first day of the offering period during which I purchased such shares over the option price.
The remainder of the gain, if any, recognized on such disposition will be taxed at capital
gains rates.

	6.	 	I have read the current prospectus for the ev3 Inc. Employee Stock Purchase Plan.
	 
	7.	 	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive
all payments and Shares due me under the Plan:

	 	 	 	 	 
	Name (Please Print)
	 	 	 	 
	 

	 	 

	 	 
	 

	 	First          
          
Middle                    
Last	 	 
	 
	Relationship

	 	 

	 	 
	Address

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 
	Name (Please Print)
	 	 	 	 
	 

	 	 

	 	 
	 

	 	First          
          
Middle                    
Last	 	 
	 
	Relationship

	 	 

	 	 
	Address

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 

	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 

	 	 	 	 	 	Signature of Employee	 	 

OPPENHEIMER: 2402943 v010 12/11/2009

11exv10w1

Exhibit 10.1

FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

     THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (herein called the “Amendment”)
made as of December 9, 2009 by and among Encore Acquisition Company, a Delaware corporation (the
“Borrower”), Encore Operating, L.P., a Texas limited partnership (“Operating”), Bank of America,
N.A., as Administrative Agent (the “Administrative Agent”) and L/C Issuer (the “L/C Issuer”), and
the Lenders party to the Original Agreement defined below (the “Lenders”).

W I T N E S S E T H:

     WHEREAS, the Borrower, Operating, the Administrative Agent, the L/C Issuer, the Co-Syndication
Agents and Co-Documentation Agents named therein and the Lenders are party to that certain Amended
and Restated Credit Agreement dated as of March 7, 2007 (as heretofore amended, the “Original
Agreement”), for the purpose and consideration therein expressed, whereby the L/C Issuer became
obligated to issue Letters of Credit to the Borrower and the Lenders became obligated to make loans
to the Borrower as therein provided; and

     WHEREAS, the Borrower, Operating, the Administrative Agent, the L/C Issuer and the Lenders
party hereto desire to amend the Original Agreement as set forth herein;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein and in the Original Agreement, in consideration of the loans and other credit
which may hereafter be made by the Lenders and the L/C Issuer to the Borrower, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto do hereby agree as follows:

ARTICLE I.

DEFINITIONS AND REFERENCES

     Section 1.1. Terms Defined in the Original Agreement. Unless the context otherwise
requires or unless otherwise expressly defined herein, the terms defined in the Original Agreement
shall have the same meanings whenever used in this Amendment.

     Section 1.2. Other Defined Terms. Unless the context otherwise requires, the
following terms when used in this Amendment shall have the meanings assigned to them in this
Section 1.2.

     “Amendment” means this Fourth Amendment to Amended and Restated Credit Agreement.

     “Amendment Documents” means this Amendment, the Consent and Agreement of the Guarantors
relating to this Amendment and all other documents or instruments delivered in connection
herewith or therewith.

     “Credit Agreement” means the Original Agreement as amended hereby.

[Fourth
Amendment to Amended and Restated Credit Agreement]

 

 

ARTICLE II.

AMENDMENT TO ORIGINAL AGREEMENT

     Section 2.1. Amendment to Schedule. Schedule 2.01 of the Original Agreement is hereby
amended in its entirety and replaced with Schedule 2.01 attached hereto.

     Section 2.2. Borrowing Base. The Borrower, the Administrative Agent and the Lenders
agree that from the Effective Date (as defined below) until the next redetermination or adjustment
thereof, the Borrowing Base shall be $925,000,000.

ARTICLE III.

CONDITIONS OF EFFECTIVENESS

     Section 3.1. Conditions to Effectiveness of Amendment. This Amendment shall become
effective when and only when the Administrative Agent shall have received executed counterparts of
this Amendment (or a consent to this Amendment) from one hundred percent (100%) of the Lenders and
the following conditions precedent has been satisfied (the date such conditions are so satisfied
herein called the “Effective Date”):

     (a) The Administrative Agent’s receipt of the following, each of which shall be originals or
telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a
Responsible Officer of the signing Credit Party, each dated the Effective Date (or, in the case of
certificates of governmental officials, a recent date before the Effective Date) and each in form
and substance satisfactory to the Administrative Agent:

     (i) counterparts of the Amendment Documents executed by the applicable Credit
Parties sufficient in number for distribution to the Administrative Agent and the
Borrower;

     (ii) a certificate on behalf of each Credit Party certifying that none of the
resolutions, incumbency certificates, organizational documents and/or certificates of
Responsible Officers of each Credit Party as the Administrative Agent has previously
required evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with the Loan
Documents to which such Credit Party is a party have been amended or are otherwise
inaccurate since they were delivered.

     (b) Any fees required to be paid on or before the Effective Date shall have been paid.

     (c) Unless waived by the Administrative Agent, the Borrower shall have paid all fees, charges
and disbursements of counsel to the Administrative Agent to the extent invoiced prior to or on the
Effective Date, plus such additional amounts of such fees, charges and disbursements as shall
constitute its reasonable estimate of such fees, charges and disbursements incurred or to be
incurred by it through the closing proceedings (provided that such estimate shall not thereafter
preclude a final settling of accounts between the Borrower and the Administrative Agent).

[Fourth
Amendment to Amended and Restated Credit Agreement]

2

 

ARTICLE IV.

REPRESENTATIONS AND WARRANTIES

     Section 4.1. Representations and Warranties. In order to induce the L/C Issuer and
each Lender to enter into this Amendment, the Borrower and Operating represent and warrant to the
L/C Issuer and each Lender that the representations and warranties contained in Article V of the
Original Agreement or any other Loan Document are true and correct in all material respects on the
Effective Date (including, for all purposes, after giving effect to the Amendment Documents as
“Loan Documents” referred to therein), except to the extent such representations and warranties
specifically refer to an earlier date, in which case they are true and correct as of such earlier
date, and except for purposes of this Amendment, the representations and warranties contained in
subsections (a) and (b) of Section 5.04 of the Credit Agreement shall be deemed to refer to the
most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of
the Credit Agreement.

ARTICLE V.

MISCELLANEOUS

     Section 5.1. Ratification of Agreements. The Original Agreement as hereby amended is
hereby ratified and confirmed in all respects. The other Loan Documents, as they may be amended or
affected by the various Amendment Documents, are hereby ratified and confirmed in all respects.
Any reference to the Credit Agreement in any Loan Document shall be deemed to be a reference to the
Original Agreement as hereby amended. The execution, delivery and effectiveness of this Amendment
and the other Amendment Documents shall not, except as expressly provided herein or therein,
operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders under
the Credit Agreement, or any other Loan Document nor constitute a waiver of any provision of the
Credit Agreement, or any other Loan Document.

     Section 5.2. Survival of Agreements. All representations, warranties, covenants and
agreements of any Loan Party herein shall survive the execution and delivery of this Amendment and
the performance hereof, and shall further survive until all of the Obligations are paid in full.
All statements and agreements contained in any certificate or instrument delivered by any Loan
Party hereunder or under the Credit Agreement to the Administrative Agent or any Lender shall be
deemed to constitute representations and warranties by, and/or agreements and covenants of such
Loan Party under this Amendment and under the Credit Agreement.

     Section 5.3. Provisions Relating to Commitments. From and after the Effective Date,
the Lenders shall have the respective Commitments as set forth on Schedule 2.01 attached hereto as
Exhibit A. The Lenders and the Borrower hereby authorize the Administrative Agent to request
borrowings from the Lenders, to make prepayments of Loans and to reduce commitments under the
Credit Agreement among the Lenders in order to ensure that, upon the effectiveness of this
Amendment, the Loans of the Lenders shall be outstanding on a ratable basis in accordance with
their respective Applicable Percentages (after giving effect to this Amendment) and that the
Commitments shall be as set forth on Schedule 2.01 as amended hereby and no such borrowing,

[Fourth
Amendment to Amended and Restated Credit Agreement]

3

 

prepayment or reduction shall violate any provisions of the Credit Agreement or this
Amendment. The Lenders hereby confirm that, from and after the Effective Date, all participations
of the Lenders in respect of Letters of Credit outstanding hereunder pursuant to Section 2.03(c)
shall be based upon the Applicable Percentages of the Lenders (after giving effect to this
Amendment).

     Section 5.4. Loan Documents. This Amendment is and the other Amendment Documents are
each a Loan Document, and all provisions in the Credit Agreement pertaining to Loan Documents apply
hereto and thereto.

     Section 5.5. Governing Law. This Amendment shall be governed by and construed in
accordance with the Laws applicable to the Credit Agreement.

     Section 5.6. Counterparts; Fax. This Amendment may be separately executed in
counterparts and by the different parties hereto in separate counterparts, each of which when so
executed shall be deemed to constitute one and the same Amendment. This Amendment and the other
Amendment Documents may be validly executed by facsimile or other electronic transmission.

     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 OF THE PARTIES.

[The remainder of this page has been intentionally left blank.]

[Fourth
Amendment to Amended and Restated Credit Agreement]

4

 

     IN WITNESS WHEREOF, this Amendment is executed as of the date first above written.

	 	 	 	 
	 	 	ENCORE ACQUISITION COMPANY	
	 
	 	 	 
	 

	 	By: 
	/s/ Robert C. Reeves
	 

	 	 	 
	 

	 	 	Robert C. Reeves,

	 

	 	 	 Senior Vice President, Chief Financial Officer and Treasurer
	 
	 	 	 
	 
	 	 	ENCORE OPERATING, L.P.	
	 

	 	By:
	EAP Operating, LLC., its sole general partner
	 
	 	 	 
	 
	 

	 	By:
	/s/ Robert C. Reeves
	 

	 	 	 
	 

	 	 	Robert C. Reeves, 
	 

	 	 	Senior Vice President, Chief Financial Officer and Treasurer

[Signature
Page to Forth Amendment to Credit Agreement]

 

 

	 	 	 	 
	 

	 	BANK OF AMERICA, N.A.,
 as Administrative Agent, L/C Issuer and a Lender
	 

	 	 
	 
	 	 	 
	 

	 	By: 
	/s/ Jeffrey H. Rathkamp
	 

	 	 	 
	 

	 	 	Jeffrey H. Rathkamp
	 

	 	 	Managing Director

[Signature
Page to Forth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, N.A.,

 as a Lender	 
	 
	 
	 	By:  	/s/ Charles D. Kirkham
 	 
	 	 	Name:  	Charles D. Kirkham 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	FORTIS CAPITAL CORP.,

 as a Lender
	 
	 
	 
	 	By:  	/s/ Michaela Braun
 	 
	 	 	Name:  	Michaela Braun 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                         /s/ Chad Clark
 	 
	 	 	Name:  	Chad Clark 	 
	 	 	Title:  	Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	BNP PARIBAS,

 as a Lender

 	 
	 
	 	By:  	/s/ Edward Pak
 	 
	 	 	Name:  	Edward Pak 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                       /s/ Greg Smothers
 	 
	 	 	Name:  	Greg Smothers 	 
	 	 	Title:  	Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	CALYON NEW YORK BRANCH,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Tom Byargeon
 	 
	 	 	Name:  	Tom Byargeon 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                 /s/ Sharada Manne
 	 
	 	 	Name:  	Sharada Manne 	 
	 	 	Title:  	Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	BMO CAPITAL MARKETS FINANCING, INC.,

as a Lender

 	 
	 
	 	By:  	/s/ James Whitmore
 	 
	 	 	Name:  	James Whitmore 	 
	 	 	Title:  	Managing Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	GE BUSINESS FINANCIAL SERVICES INC. 
FKA MERRILL LYNCH
BUSINESS FINANCIAL SERVICES,
 as a Lender
 	 
	 
	 
	 	By:  	/s/ Carl Peterson
 	 
	 	 	Name:  	Carl Peterson 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Carl Peterson
 	 
	 	 	Name:  	Carl Peterson 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND plc,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Lucy Walker
 	 
	 	 	Lucy Walker 	 
	 	 	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	SUNTRUST BANK,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Yann Pirio
 	 
	 	 	Name:  	Yann Pirio 	 
	 	 	Title:  	Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	ALLIED IRISH BANKS PLC,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Vaughn Buck
 	 
	 	 	Name:  	Vaughn Buck 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                    /s/ David O’Driscoll
 	 
	 	 	Name:  	David O’Driscoll 	 
	 	 	Title:  	Assistant Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	SCOTIABANC INC.,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ J.F. Todd
 	 
	 	 	Name:  	J.F. Todd 	 
	 	 	Title:  	Managing Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	COMERICA BANK,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ V. Mark Fuqua
 	 
	 	 	Name:  	V. Mark Fuqua 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Angela McCracken
 	 
	 	 	Name:  	Angela McCracken 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	MIZUHO CORPORATE BANK, LTD.,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Leon Mo
 	 
	 	 	Name:  	Leon Mo 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	NATIXIS, as a Lender

 	 
	 
	 	By:  	/s/ Liana Tchernysheva
 	 
	 	 	Liana Tchernysheva 	 
	 	 	Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Timothy Polvado
 	 
	 	 	Timothy Polvado 	 
	 	 	Managing Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION,
 as a Lender
 	 
	 
	 
	 	By:  	/s/ William M. Ginn
 	 
	 	 	Name:  	William M. Ginn 	 
	 	 	Title:  	General Manager 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as a Lender

 	 
	 
	 	By:  	/s/ Charles D. Kirkham
 	 
	 	 	Name:  	Charles D. Kirkham 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	BANK OF SCOTLAND, as a Lender

 	 
	 
	 	By:  	/s/ Julia R. Franklin
 	 
	 	 	Name:  	Julia R. Franklin 	 
	 	 	Title:  	Assistant Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 
	 	By:  	/s/ Daria Mahoney
 	 
	 	 	Name:  	Daria Mahoney 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	DNB NOR BANK ASA, as a Lender

 	 
	 
	 	By:  	/s/ Philip F. Kurpiewski
 	 
	 	 	Name:  	Philip F. Kurpiewski 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	 	 
	 	By:  	                     /s/ Kristin Riise
 	 
	 	 	Name:  	Kristin Riise 	 
	 	 	Title:  	First Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	UNION BANK, N.A., as a Lender

 	 
	 
	 	By:  	/s/ Alison Fuqua
 	 
	 	 	Name:  	Alison Fuqua 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	 	 
	 	By:  	                    /s/ Whitney Randolph
 	 
	 	 	Name:  	Whitney Randolph 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as a Lender

 	 
	 
	 	By:  	/s/ Michael A. Kamauf
 	 
	 	 	Name:  	Michael A. Kamauf 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	THE FROST NATIONAL BANK, as a Lender

 	 
	 
	 	By:  	/s/ Alex G. Zemkoski
 	 
	 	 	Name:  	Alex G. Zemkoski 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as a Lender

 	 
	 
	 	By:  	/s/ Don J. McKinnerney
 	 
	 	 	Name:  	Don J. McKinnerney 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	WESTLB AG, NEW YORK BRANCH,

 as a Lender
 	 
	 
	 
	 	By:  	/s/ Ian Schottlaender
 	 
	 	 	Name: 	Ian Schottlaender 	 
	 	 	Title: 	Managing Director 	 
	 
	 	 	 
	 	By:  	                      /s/ Philip Juskowicz
 	 
	 	 	Name: 	Philip Juskowicz, CFA 	 
	 	 	Title: 	Associate Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	COMPASS BANK, as a Lender

 	 
	 
	 	By:  	/s/ Christopher S. Parada
 	 
	 	 	Name:  	Christopher S. Parada 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	MIDFIRST BANK, as a Lender

 	 
	 
	 	By:  	/s/ Shawn D. Brewer
 	 
	 	 	Name:  	Shawn D. Brewer 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	UBS LOAN FINANCE LLC, as a Lender

 	 
	 
	 	By:  	/s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director 	 
	 
	 	 	 
	 	By:  	                       /s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa 	 
	 	 	Title:  	Associate Director 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	RZB FINANCE LLC, as a Lender

 	 
	 
	 	By:  	/s/ Shirley Ritch
 	 
	 	 	Name:  	Shirley Ritch 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                    /s/ Nicolas M. Moriatis
 	 
	 	 	Name:  	Nicolas M. Moriatis 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	STERLING BANK, as a Lender

 	 
	 
	 	By:  	/s/ Jeff Forbis
 	 
	 	 	Name:  	Jeff Forbis 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement]

 

 

	 	 	 	 	 
	 	CAPITAL ONE, N.A., as a Lender

 	 
	 
	 	By:  	/s/ Nancy M. Mak
 	 
	 	 	Name:  	Nancy M. Mak 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Fourth Amendment to Credit Agreement] 

 

 

[Fourth Amendment]

Consent and Agreement to Fourth Amendment to

Amended and Restated Credit Agreement dated as of December 9, 2009

     The undersigned each hereby (a) consents to the provisions of the Fourth Amendment and the
transactions contemplated herein and hereby, (b) ratifies and confirms the Amended and Restated
Guaranty dated as of March 7, 2007 made by it in favor of Bank of America, N.A., as the
Administrative Agent, as such Guaranty has been supplemented, and the other Loan Documents to which
it is a party and (c) agrees that its obligations and covenants under the Loan Documents are
unimpaired hereby and shall remain in full force and effect.

	 	 	 	 	 
	 	EAP OPERATING, LLC

 	 
	 	By:  	/s/ Robert C. Reeves
 	 
	 	 	Robert C. Reeves 	 
	 	 	Senior Vice President, 

Chief Financial Officer,
and Treasurer 	 
	 
	 	ENCORE OPERATING LOUISIANA, LLC

 	 
	 	By:  	/s/ Andrea Hunter
 	 
	 	 	Andrea Hunter 	 
	 	 	Vice President, Treasurer, and
Secretary

	 
	 	EAP PROPERTIES, INC. 

 	 
	 	By:  	    /s/ Robert C. Reeves
 	 
	 	 	Robert C. Reeves 	 
	 	 	Senior Vice President, 

Chief Financial Officer,
and Treasurer 	 
	 

[Consent and Agreement]

 

 

SCHEDULE 2.01

COMMITMENTS

AND APPLICABLE PERCENTAGES

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable	 
	Lender	 	Commitment	 	 	Percentage	 
	Bank of America, N.A.
	 	$	78,184,728	 	 	 	6.254778240	%
	Wachovia Bank, N.A.
	 	$	62,272,727	 	 	 	4.981818160	%
	Fortis Capital Corp.
	 	$	62,272,727	 	 	 	4.981818160	%
	BNP Paribas
	 	$	62,272,727	 	 	 	4.981818160	%
	Calyon New York Branch
	 	$	65,675,676	 	 	 	5.254054080	%
	General Electric Capital Corporation
	 	$	28,773,115	 	 	 	2.301849200	%
	GE Business Financial Services, Inc.
	 	$	28,773,115	 	 	 	2.301849200	%
	Comerica Bank
	 	$	43,624,402	 	 	 	3.489952160	%
	DnB NOR Bank ASA
	 	$	49,043,385	 	 	 	3.923470800	%
	Sumitomo Mitsui Banking Corp.
	 	$	43,624,402	 	 	 	3.489952160	%
	Union Bank, N.A.
	 	$	43,624,402	 	 	 	3.489952160	%
	U.S. Bank National Association
	 	$	43,624,402	 	 	 	3.489952160	%
	Wells Fargo Bank, N.A.
	 	$	43,624,402	 	 	 	3.489952160	%
	Compass Bank
	 	$	40,980,861	 	 	 	3.278468880	%
	Bank of Scotland
	 	$	40,789,474	 	 	 	3.263157920	%
	Natixis
	 	$	40,789,474	 	 	 	3.263157920	%
	The Royal Bank of Scotland plc
	 	$	36,379,801	 	 	 	2.910384080	%
	SunTrust Bank
	 	$	43,136,558	 	 	 	3.450924640	%
	Scotiabanc Inc.
	 	$	36,379,801	 	 	 	2.910384080	%
	Mizuho Corporate Bank, Ltd.
	 	$	30,405,405	 	 	 	2.432432400	%
	The Frost National Bank
	 	$	32,458,134	 	 	 	2.596650720	%
	Royal Bank of Canada
	 	$	32,458,134	 	 	 	2.596650720	%
	Allied Irish Bank plc
	 	$	28,773,115	 	 	 	2.301849200	%
	BMO Capital Markets Financing, Inc.
	 	$	28,773,115	 	 	 	2.301849200	%
	KeyBank National Association
	 	$	28,773,115	 	 	 	2.301849200	%
	JPMorgan Chase Bank, N.A.
	 	$	54,018,492	 	 	 	4.321479360	%
	WestLB AG, New York Branch
	 	$	21,347,795	 	 	 	1.707823600	%
	MidFirst Bank
	 	$	6,756,757	 	 	 	0.540540560	%
	UBS Loan Finance LLC
	 	$	18,776,671	 	 	 	1.502133680	%
	Sterling Bank
	 	$	21,052,632	 	 	 	1.684210560	%
	RZB Finance LLC
	 	$	18,776,671	 	 	 	1.502133680	%
	Capital One, N.A.
	 	$	33,783,785	 	 	 	2.702702800	%
	 
	 	 	 	 	 	 
	Total
	 	$	1,250,000,000	 	 	 	100.000000000	%
	 
	 	 	 	 	 	 

[Exhibit A — Schedule 2.01]

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