Document:

First Amendment to Subordinated Note

 Exhibit 10.35 
 FIRST AMENDMENT TO 
 SUBORDINATED NOTE 

This First Amendment dated as of September 28, 2012 (the “First Amendment”) to the Subordinated Note dated as of May 14, 2012
(the “Note”) by and between Windsor Permian LLC, a Delaware limited liability company, and Lambda Investors LLC, a Delaware limited liability company. 
 WHEREAS, the parties desire to amend certain terms of the Note. 
 NOW THEREFORE,
in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as
follows: 
 1. “Twenty five million dollars ($25,000,000)” found in the first sentence of the Note shall be deleted and
replaced with “forty-five million dollars ($45,000,000).” 
 2. Except as expressly amended herein, the Note shall
remain in full force and effect. 
 IN WITNESS WHEREOF, the parties have caused this First Amendment to be duly executed
and delivered as of the date first written above. 
  

	
	WINDSOR PERMIAN LLC
	
	/s/ Steven E. West
	 Name: Steven E. West
 Title:
Vice President

 Prepared by: Daniel J. Weiner 
 Approved by: Arthur AmronLease Amendment No. 5 to Lease Agreement

 Exhibit 10.36 
 LEASE AMENDMENT #5 
 DIAMONDBACK E & P LLC 

FASKEN MIDLAND, LLC., (hereinafter called “Lessor”) and DIAMONDBACK E & P LLC, successor to Windsor Permian, LLC
(hereinafter called “Lessee”), for good and valuable consideration the receipt of which is hereby acknowledged, do hereby amend that certain Lease Agreement dated April 19, 2011 and Lease Amendment #1 dated June 6, 2011,
Amendment #2 dated August 5, 2011, Amendment #3 dated September 28, 2011 and Lease Amendment #4 dated February 6, 2012 covering approximately 7,381 square feet of Net Rentable Area located on Levels Twelve (12) and Basement of
One Fasken Center at 500 West Texas Avenue, Midland, Texas 79701, also known as Suite 1210, under the following terms and conditions: 
  

	 	1.	LEASED PREMISES. Effective June 1, 2012, the provisions of paragraph 1.5 are hereby deleted and the following substituted in lieu thereof:

 Approximately 9,423 square feet of Net Rentable Area located on Levels Twelve (12) and Basement in the
Building as more fully diagrammed on the floor plans of such premises attached hereto and made a part hereof as “Exhibit B-1” and “Exhibit B-2”, on the floors indicated thereon, together with a common area percentage factor
determined by Lessor (the “Leased Premises”). Said Leased Premises is comprised of approximately 1,586 square feet of Net Rentable Area in the Original Leased Premises together with approximately 1,995 square feet of Net Rentable Area (the
“Basement Expansion Space”), approximately 1,489 square feet of Net Rentable Area (the “Suite 1220 Expansion Space”), approximately 1,997 square feet of Net Rentable Area (the “Suite 1225 Expansion Space”), 314 square
feet of Net Rentable Area (the 12th Floor Expansion Space”) and 2,042 square feet of Net Rentable Area (the “Suite 1280 Expansion Space”). Said demised space represents approximately 2.235% of the Total Net Rentable Area, such Total
Net Rentable Area of the Building being approximately 421,546 square feet. 
  

	 	2.	TERM. The Lease term for the Suite 1280 Expansion Space added by this amendment shall be for four (4) years, commencing June 1, 2012 and
terminating May 31, 2016. 

  

	 	3.	RENT. Effective June 1, 2012, the Base Rent table set forth on Exhibit C of the Lease, Section 2 (Rent) of Amendment #1, Exhibit C-l of
Amendment #2 and Exhibit C-2 of Amendment #3 and Exhibit C-3 are hereby deleted and the attached Exhibit C-4 shall be substituted in lieu thereof. 

  

	 	4.	FINISH OUT. Lessee accepts the Leased Premises in “as is” condition and no other finish out shall be required of Lessor. Any alterations to the
Leased Premises shall be at Lessee’s sole expense and responsibility. 

	 	5.	PARKING. Effective June 1, 2012, Lessor agrees to provide up to five (5) additional parking spaces in the attached parking garage, at the
following rates per space per month plus applicable sales tax at Lessee’s election herein: 

     @ $95.00 per space per month for Officer Reserved (Basement & Level One) - space may be limited,
if available 
      @ $75.00 per space per month for Preferred Reserved (Level Two and above) - space
may be limited, if available 
      @ $55.00 per space per month for General Unreserved 

The parking spaces set forth in this section shall be for Lessee and /or Lessee’s employees and Lessor shall have the right to assign
parking space as conditions permit. However, Lessor shall not be required to police the use of these spaces. Lessor may make, modify and enforce rules and regulations relating to the parking of automobiles in the parking area(s), and Lessee shall
abide thereby. Lessor shall not be liable to Lessee or Lessee’s agents, servants, employees, customers, or invitees for damage to person or property caused by any act of omission or neglect of Lessee, and Lessee agrees to hold Lessor harmless
from all claims for any such damage. 
  

	 	6.	SUBJECT TO VACATING. Lessor’s duty to tender possession of the Suite 1280 Expansion Space added to the Leased Premises hereunder is subject to the
current tenant vacating the Suite 1280 Expansion Space. Provided, however, that if the current tenant does not vacate the Suite 1280 Expansion Space within six (6) months from the proposed effective date hereof, Lessee shall have the right to
terminate its obligation to lease the Suite 1280 Expansion Space by delivery of written notification to Lessor. 

  

	 	7.	RATIFICATION. Lessor and Lessee do hereby ratify and affirm all of the terms, conditions and covenants of the Lease Agreement, as amended herein.

 Witness the execution hereby this the 25th day of July, 2012 but to be effective June 1,
2012. 
  

									
	LESSOR	 		 	LESSEE
			
	FASKEN MIDLAND, LLC	 		 	DIAMONDBACK E & P LLC
	By:	 	     JB Fund 1, LLC, Manager	 		 		 	
	By:	 	     Its Managers	 		 		 	
		 	     North Waterfront Corporation	 		 		 	
					
	By:	 	 /s/ Thomas E. Cooper
	 		 	By:	 	 /s/ Travis D. Stice

		 	Thomas E. Cooper	 		 	Name:	 	Travis D. Stice
		 	Vice President	 		 	Title:	 	President and CEO

			
	JB Financials, Inc.
		
	By:	 	 /s/ Thomas E. Cooper

		 	Thomas E. Cooper
		 	Vice President

 

 

 

 

 LEASE AMENDMENT #4 

DIAMONDBACK E & P LLC 
 EXHIBIT C-4 
  

																																					
	 	 	Original Leased Premises -
Suite 1210 -
1,586 Sq. Ft.	 	 	Suite 1220 Expansion
Space - 1,489 Sq.
Ft.	 	 	Suite 1225 Expansion
Space - 1,997 Sq.
Ft.	 
	 Months
	 	Annual Rate
Per SF
for
Original
Leased
Premises	 	 	Annual
Rent
for
Original
Leased
Premises	 	 	Monthly
Rent
for
Original
Leased
Premises	 	 	Annual
Rate
Per SF for
Suite
1220
Expansion
Space	 	 	Annual
Rent for
Suite
1220
Expansion
Space	 	 	Monthly
Rent for
Suite 1220
Expansion
Space	 	 	Annual Rate
Per SF for
Suite 1225
Expansion
Space	 	 	Annual
Rent for
Suite 1225
Expansion
Space	 	 	Monthly
Rent for
Suite 1225
Expansion
Space	 
	 8/1/11 until Termination of Amendment #2 for Basement Expansion Space
	   
	 				 			
	 08/01/11 - 10/31/11
	 	$	16.00	  	 	$	25,376.00	  	 	$	2,114.67	  	 				 				 				 				 				 			
	 11/1/11 - 11/30/11
	 	$	16.00	  	 	$	25,376.00	  	 	$	2,114.67	  	 	$	16.00	  	 	$	23,824.00	  	 	$	1,985.33	  	 				 				 			
	 12/1/11 - 1/31/12
	 	$	16.00	  	 	$	25,376.00	  	 	$	2,114.67	  	 	$	16.00	  	 	$	23,824.00	  	 	$	1,985.33	  	 	$	18.00	  	 	$	35,946.00	  	 	$	2,995.50	  
	 2/1/12 - 5/31/12
	 	$	16.00	  	 	$	25,376.00	  	 	$	2,114.67	  	 	$	16.00	  	 	$	23,824.00	  	 	$	1,985.33	  	 	$	18.00	  	 	$	35,946.00	  	 	$	2,995.50	  
	 6/1/12 - 5/31/13
	 	$	16.75	  	 	$	26,565.50	  	 	$	2,213.79	  	 	$	16.75	  	 	$	24,940.75	  	 	$	2,078.40	  	 	$	18.50	  	 	$	36,944.50	  	 	$	3,078.71	  
	 6/1/2013 - 5/31/14
	 	$	17.50	  	 	$	27,755.00	  	 	$	2,312.92	  	 	$	17.50	  	 	$	26,057.50	  	 	$	2,171.46	  	 	$	19.00	  	 	$	37,943.00	  	 	$	3,161.92	  
	 06/01/14 - 05/31/15
	 	$	18.25	  	 	$	28,944.50	  	 	$	2,412.04	  	 	$	18.25	  	 	$	27,174.25	  	 	$	2,264.52	  	 	$	20.00	  	 	$	39,940.00	  	 	$	3,328.33	  
	 06/01/15 - 05/31/16
	 	$	19.00	  	 	$	30,134.00	  	 	$	2,511.17	  	 	$	19.00	  	 	$	28,291.00	  	 	$	2,357.58	  	 	$	21.00	  	 	$	41,937.00	  	 	$	3,494.75	  

  

																																					
	 	 	12th Floor Expansion
Space - 314 Sq.
Ft.	 	 	Suite 1280
Expansion
Space - 2,042 Sq. Ft.	 	 	 	 	 	 	 	 	 	 
	 Months
	 	Annual
Rate Per
SF for
12th
floor
Expansion
Space	 	 	Annual
Rent for
12th floor
Expansion
Space	 	 	Monthly
Rent for
12th Floor
Expansion
Space	 	 	Annual
Rata Per
SF for
Suite 1280
Expansion
Space	 	 	Annual
Rent for
Suite 1280
Expansion
Space	 	 	Monthly
Rent for
Suite 1280
Expansion
Space	 	 	Total
Annual
Rent for
Suite 1210,
1220, 1225
and 12th
Fl.	 	 	Total
Monthly
Rent for
Suite
1210,
1220, 1225
and 12th
Fl.	 	 	Additional
Monthly
Rent for
Basement
Expansion
Space	 
	 8/1/11 until Termination of Amendment #2 for Basement Expansion Space
	   
	 				 	$	2,826.25	  
	 08/01/11 - 10/31/11
	 				 				 				 				 				 				 	$	25,376.00	  	 	$	2,114.67	  	 			
	 11/1/11 - 11/30/11
	 				 				 				 				 				 				 	$	49,200.00	  	 	$	4,100.00	  	 			
	 12/1/11 - 1/31/12
	 				 				 				 				 				 				 	$	85,146.00	  	 	$	7,095.50	  	 			
	 2/1/12 - 5/31/12
	 	$	19.00	  	 	$	5,966.00	  	 	$	497.17	  	 				 				 				 	$	91,112.00	  	 	$	7,592.67	  	 			
	 6/1/12 - 5/31/13
	 	$	19.50	  	 	$	6,123.00	  	 	$	510.25	  	 	$	20.00	  	 	$	40,840.00	  	 	$	3,403.33	  	 	$	135,413.75	  	 	$	11,284.48	  	 			
	 6/1/2013 - 5/31/14
	 	$	20.00	  	 	$	6,280.00	  	 	$	523.33	  	 	$	20.50	  	 	$	41,861.00	  	 	$	3,488.42	  	 	$	139,896.50	  	 	$	11,658.04	  	 			
	 06/01/14 - 05/31/15
	 	$	21.00	  	 	$	6,594.00	  	 	$	549.50	  	 	$	21.00	  	 	$	42,882.00	  	 	$	3,573.50	  	 	$	145,534.75	  	 	$	12,127.90	  	 			
	 06/01/15 - 05/31/16
	 	$	22.00	  	 	$	6,908.00	  	 	$	575.67	  	 	$	22.00	  	 	$	44,924.00	  	 	$	3,743.67	  	 	$	152,194.00	  	 	$	12,682.83	  	 			

 ADDENDUM TO LEASE AMENDMENT #5 
 The undersigned agree as follows effective June 1, 2012: 
  

	 	1.	Effective June 1, 2012, Windsor Permian, LLC assigned all right, title and interest as tenant in this Lease Agreement to Lessee, Diamondback E & P LLC.

  

	 	2.	Lessor consents to such assignment subject to the execution of this Addendum to Lease Amendment #5 by all of the undersigned, but expressly does not release
Windsor Permian, LLC from liability under this Lease Agreement. 

  

	 	3.	Lessee expressly assumes all obligations as Lessee under the Lease Agreement as amended by this Lease Amendment #5. 

 

							
		 	LESSOR:
		 	FASKEN MIDLAND LLC
		 	By:	 	JB Fund 1, LLC, Manager
		 	By:	 	Its Managers
		 		 	North Waterfront Corporation
				
		 		 	By:	 	 /s/ Thomas E. Cooper

		 		 		 	Thomas E. Cooper, Vice-President
			
		 		 	JB Financials, Inc.
				
		 		 	By:	 	 /s/ Thomas E. Cooper

		 		 		 	Thomas E. Cooper, Vice-President
		 		 		 	Date: 7/25/12

  

											
		 	LESSEE:	 	WINDSOR PERMIAN, LLC
		 	DIAMONDBACK E&P LLC	 		 	
						
		 	BY:	 	 /s/ Travis D. Stice
	 		 	By:	 	 /s/ Travis D. Stice

		 	Title:	 	President and CEO	 		 	Title:	 	President and CEO
		 	Date:	 	8/15/12	 		 	Date:	 	8/15/12

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