Document:

Exhibit 10.1

Exhibit 10.1

	 	 	 
	

	 	Woodward Governor Company

1000 East Drake Road

P.O. Box 1519

Fort Collins, CO 80522-1519 USA

Tel: 970-482-5811

Fax: 970-498-3058

	 	 	 
	Date:

	 	February 10, 2011
	 
	 	 
	To:

	 	Jim Rudolph
	 
	 	 
	From:

	 	Tom Gendron
	 

	 	Chairman of the Board and Chief Executive Officer
	 
	 	 
	Subject:

	 	Job Offer: President, Industrial Turbomachinery Systems

Dear Jim,

We are pleased to present to you the following details of your job offer, subject to your
acceptance:

POSITION:

	 	•	 	Your new position will be President, Industrial Turbomachinery Systems, and would be
effective February 14, 2011.

	 	•	 	Your new position is classified as a grade 8 (you are currently in a grade 7) on the
Executive Compensation Structure, and will be used as the basis for determining your
variable pay.

	 	•	 	The Compensation Committee of the Board of Directors reviewed the Hewitt total
compensation data and approved our recommendations to make this offer.

	 	•	 	In addition, upon your acceptance of this offer, the Board of Directors has indicated
that it will approve your status as an Executive Officer.

	 	•	 	You will continue to be based in the Fort Collins, Colorado facility and report directly
to me.

COMPENSATION:

	 	•	 	Effective with the pay period beginning February 19, 2011, your base salary will be
$9,038.46 bi-weekly, or $235,000 annually. This represents a promotional base pay increase
of 17.5%.

	 	•	 	You will continue to participate in the Management Incentive Plan (MIP). Your annual
incentive pay target will move from 45% to 60% of base pay. This represents a cash target
bonus of $141,000. For FY11, the percentage and base pay amounts used to calculate any
MIP bonus will be based on the number of pay periods worked prior to and after your
promotion. This is consistent with our MIP Administrative Guidelines.

	 	•	 	You will continue to qualify for stock options. The granting of stock options is not a
guarantee, and is subject to approval by the Compensation Committee of the Board of
Directors.

 

 

 

	 	•	 	You will continue to participate in the Woodward Long Term Incentive Plan (LTIP).
Beginning with the performance cycle starting in FY12, your cash LTIP target will increase
from 25% to 35%. At your new base pay of $235,000, this would represent a cash target
bonus of $82,250.

	 	•	 	You will be eligible for a salary review in October 2011.

Please contact me should you have any questions. Jim, we are looking forward to your leadership
abilities in establishing and running the Industrial Turbomachinery Systems Business Group. In
your new position, you will continue to play a key role on the Executive Staff and will have
significant impact on our ability to meet our Vision 2015, goals and strategies.

If you accept this job offer and promotion on the terms and conditions set forth in this letter,
please sign below and return the original of this letter to my attention.

Sincerely,

Tom Gendron

	 	 	 
	/s/ Tom Gendron
 

Tom Gendron

	2/10/2011 
 	 
	 
	 	 
	/s/ James D. Rudolph
 

James D. Rudolph

	2/10/2011 
Date	 

 

2exv10w1

Exhibit 10.1

SIXTH AMENDMENT TO AMENDED AND RESTATED

CREDIT AGREEMENT

     THIS SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated
as of April 25, 2011, is by and among Concho Resources Inc., a Delaware corporation (the
“Borrower”), the Lenders party hereto (the “Lenders”) and JPMorgan Chase Bank,
N.A., as Administrative Agent (in such capacity, the “Administrative Agent”). Unless the
context otherwise requires or unless otherwise expressly defined herein, capitalized terms used but
not defined in this Amendment have the meanings assigned to such terms in the Credit Agreement (as
defined below).

WITNESSETH:

     WHEREAS, the Borrower, the Administrative Agent and the Lenders entered into that certain
Amended and Restated Credit Agreement dated as of July 31, 2008 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”); and

     WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders (a) amend
the Credit Agreement in certain respects and (b) agree to increase the Borrowing Base.

     NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and confessed, the Borrower, the Administrative Agent and the Lenders, hereby
agree as follows:

SECTION 1. Amendments to Credit Agreement. Subject to the satisfaction or waiver in
writing of each condition precedent set forth in Section 4, and in reliance on the
representations, warranties, covenants and agreements contained in this Amendment, the Credit
Agreement shall be amended in the manner provided in this Section 1.

     1.1 Additional Definitions. Section 1.01 of the Credit Agreement shall be and it
hereby is amended by inserting the following definitions in the appropriate alphabetical order:

     “Acquisition” means, the acquisition by the Borrower or any Restricted
Subsidiary, whether by purchase, merger (and, in the case of a merger with any such
Person, with such Person being the surviving corporation) or otherwise, of all or
substantially all of the Equity Interests of, or all or substantially all of the
business, property or fixed assets of or business line or unit or a division of, any
other Person or the acquisition by the Borrower or any Restricted Subsidiary of
property or assets; and “Acquired” shall have the correlative meaning.

     “OFAC” means The Office of Foreign Assets Control of the United States
Department of the Treasury or any successor thereto.

Sixth
Amendment to Amended and Restated Credit Agreement – Page 1

 

 

     “Qualified Acquisition” means an Acquisition or a series of
related Acquisitions in which the consideration paid by the Loan Parties is equal to
or greater than $25,000,000.

     “Qualified Disposition” means a Disposition or a series of related
Dispositions in which the consideration received by the Loan Parties is equal to or
greater than $25,000,000.

     “Sanctioned Entity” means (a) a country or government of a country; (b)
an agency of the government of a country; (c) an organization directly or indirectly
controlled by a country or its government; or (d) a Person resident in or determined
to be a resident in a country, in each case, that is subject to a country sanctions
program administered and enforced by OFAC.

     “Sanctioned Person” means a person named on the list of Specially
Designated Nationals maintained by OFAC.

     “Sixth Amendment Effective Date” means April 25, 2011.

     1.2 Amended Definitions. The following definitions set forth in Section 1.01 of the
Credit Agreement shall be and hereby are amended and restated as follows:

     “Applicable Rate” means, for any day, with respect to any ABR Loan or
Eurodollar Loan, or with respect to the Unused Commitment Fees, as the case may be,
the applicable rate per annum set forth below under the caption “ABR Spread” ,
“Eurodollar Spread” or “Unused Commitment Fee”, as the case may be, based upon the
Borrowing Base Usage as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Borrowing	 	Eurodollar	 	 	 	 
	Base Usage	 	Spread	 	ABR Spread	 	Unused Commitment Fee
	≥ 90%
	 	 	2.50	%	 	 	1.50	%	 	 	0.50	%
	≥ 75% and < 90%
	 	 	2.25	%	 	 	1.25	%	 	 	0.50	%
	≥ 50% and < 75%
	 	 	2.00	%	 	 	1.00	%	 	 	0.50	%
	≥ 25% and < 50%
	 	 	1.75	%	 	 	0.75	%	 	 	0.375	%
	< 25%
	 	 	1.50	%	 	 	0.50	%	 	 	0.375	%

Each change in the Applicable Rate shall apply during the period commencing on the
effective date of such change and ending on the date immediately preceding the
effective date of the next change.

     “Borrowing Base” means, at any time, an amount equal to the amount
determined pursuant to Section 3.01, as the same may be redetermined, adjusted or
reduced from time to time pursuant to Section 3.02, 3.03, 3.05 or as otherwise

Sixth
Amendment to Amended and Restated Credit Agreement – Page 2

 

 

adjusted or reduced, pursuant to Section 7.05(c).

     “Change in Law” means (a) the adoption of any law, rule or regulation
after the date of this Agreement, (b) any change in any law, rule or regulation or
in the interpretation or application thereof by any Governmental Authority after the
date of this Agreement or (c) compliance by any Lender or the L/C Issuer (or, for
purposes of Section 10.09, by any lending office of such Lender or by such Lender’s
or the L/C Issuer’s holding company, if any) with any request, guideline or
directive (whether or not having the force of law) of any Governmental Authority
made or issued after the date of this Agreement; provided that, with respect to all
rules, guidelines or directives enacted, adopted or issued under or in connection
with the Dodd-Frank Wall Street Reform and Consumer Protection Act, such rules,
guidelines or directives shall in each case be deemed to be a “Change in Law” as of
the date such rule, guideline or directive was enacted, adopted or issued.

     “Consolidated EBITDAX” means, for any period, for the Borrower and its
Restricted Subsidiaries on a consolidated basis, an amount equal to Consolidated Net
Income for such period plus (a) the following to the extent deducted in
calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such
period, (ii) the provision for Federal, state, and local income and franchise taxes
payable by the Borrower and its Restricted Subsidiaries for such period, (iii)
depletion, depreciation, amortization and exploration expense and (iv) all other
non-cash items reducing such Consolidated Net Income and minus (b) the
following to the extent included in calculating such Consolidated Net Income: (i)
Federal, state and local income tax credits of the Borrower and its Restricted
Subsidiaries for such period and (ii) all other non-cash items increasing
Consolidated Net Income for such period; provided that, with respect to the
determination of the Borrower’s compliance with the Consolidated Leverage Ratio set
forth in Section 7.11(a) for any period, Consolidated EBITDAX shall be adjusted to
give effect, on a pro forma basis, to any Qualified Acquisition or Qualified
Disposition made during such period, as if such Acquisition or Disposition had
occurred on the first day of such period.

     “Maturity Date” means April 25, 2016.

     1.3 Increases in the Maximum Facility Amount. The first sentence of Section 2.20 of
the Credit Agreement shall be and it hereby is amended in its entirety to read as follows:

     If (a) no Default or Event of Default exists as of the date of such increase or
would be caused by such increase and (b) the Borrower shall concurrently pay any
additional upfront fee required as a result of such increase, the Borrower may, at
any time and from time to time, increase the Maximum Facility Amount to an amount
not to exceed $2,500,000,000 by providing written notice of such increase to the
Administrative Agent.

Sixth
Amendment to Amended and Restated Credit Agreement – Page 3

 

 

     1.4 Scheduled Redeterminations of the Borrowing Base. The second sentence of Section
3.02 of the Credit Agreement shall be and it hereby is amended in its entirety to read as
follows:

Any Borrowing Base or Conforming Borrowing Base which becomes effective as a result
of any Redetermination shall be subject to the following restrictions: (a) such
Conforming Borrowing Base shall not exceed such Borrowing Base, (b) to the extent
such Borrowing Base or Conforming Borrowing Base represents an increase in the
Borrowing Base or the Conforming Borrowing Base in effect prior to such
Redetermination, such Borrowing Base or Conforming Borrowing Base, as the case may
be, must be approved by all Lenders, and (c) to the extent such Borrowing Base or
Conforming Borrowing Base represents a decrease in the Borrowing Base or Conforming
Borrowing Base in effect prior to such Redetermination or a reaffirmation of such
prior Borrowing Base or Conforming Borrowing Base, such Borrowing Base or Conforming
Borrowing Base must be approved by the Administrative Agent and Required Lenders.

     1.5 Senior Notes Adjustment. Section 3.05 of the Credit Agreement shall be and it
hereby is amended in its entirety to read as follows:

     3.05 Senior Notes Adjustment. Unless otherwise waived in writing by
the Required Lenders, upon the incurrence of any Indebtedness under any Senior Notes
permitted under Section 7.03(f) at any time and from time to time on and
after May 1, 2012, the Borrowing Base and the Conforming Borrowing Base then in
effect shall each be reduced by the lesser of (i) $300 for every $1,000 in stated
amount of such Indebtedness as of the date such Indebtedness is incurred and (ii)
such other amount, if any, determined by the Required Lenders in their sole
discretion prior to issuance of such Senior Notes; provided that no such adjustment
shall be required with respect to any Permitted Refinancing of any such Senior
Notes. For the avoidance of doubt, the stated amount of such Indebtedness that
constitutes Permitted Refinancings of existing Senior Notes shall not be included
for purposes of determining the reduction in the Borrowing Base and the Conforming
Borrowing Base required by this Section 3.05 and only the stated amount in
excess of such Permitted Refinancings shall be included in calculating the
adjustment required by this Section 3.05.

     1.6 OFAC. The following shall be and it hereby is added to the Credit Agreement as
Section 5.21:

     5.22 OFAC. No Loan Party is in violation of any of the country or
list-based economic and trade sanctions administered and enforced by OFAC. No Loan
Party (a) is a Sanctioned Person or a Sanctioned Entity, (b) has any of its assets
located in Sanctioned Entities; or (c) derives any revenues from investments in, or
transactions with, Sanctioned Persons or Sanctioned Entities. The Borrower will not
use the proceeds of any extension of credit hereunder to fund any operation in,
finance any investments or activities in, or make payments to, a Sanctioned Person
or Sanctioned Entity.

Sixth
Amendment to Amended and Restated Credit Agreement – Page 4

 

 

     1.7 Use of Proceeds. The reference to “acquisition” in Section 6.11(f) of the Credit
Agreement shall be and it hereby is replaced with “Acquisition”.

     1.8 Additional Guarantors. Each reference in Section 6.12 of the Credit Agreement to
(i) “acquired” shall be and it hereby is replaced with “Acquired” and (ii) “Credit Party” shall be
and it hereby is replaced with “Loan Party”.

     1.9 Liens. Each reference in Section 7.01 of the Credit Agreement to (i)
“acquisition” shall be and it hereby is replaced with “Acquisition” and (ii) “acquired” shall be
and it hereby is replaced with “Acquired”.

     1.10 Indebtedness Under Senior Notes. Section 7.03(f) of the Credit Agreement shall
be and it hereby is amended in its entirety to read as follows:

     (f) subject to any adjustment to the Borrowing Base and Conforming Borrowing
Base required under Section 3.05, unsecured Indebtedness of the Borrower evidenced
by unsecured senior notes (other than the Marbob Seller Note) or unsecured senior
subordinated notes and Guarantees thereof in an aggregate principal amount not to
exceed $1,900,000,000 at any time outstanding (“Senior Notes”) and any
Permitted Refinancing of any Indebtedness incurred under this clause (f); provided
that (i) at the time of and immediately after giving effect to each issuance of such
Senior Notes or any Permitted Refinancing thereof, no Default shall have occurred
and be continuing, (ii) the final stated maturity date of such Senior Notes is not
earlier than the first anniversary after the Maturity Date (as in effect on the date
of issuance of such Senior Notes), (iii) the non-default stated interest rate of
such Senior Notes shall be consistent with market terms for issuers of similar size
and credit quality at the time of issuance, (iv) no scheduled principal amortization
is required under such Senior Notes prior to the stated maturity of such Senior
Notes and (v) such Senior Notes are evidenced by an indenture and related documents
containing terms and conditions, covenants and events of default that are customary
for similar notes and that are, in each case, reasonably satisfactory to the
Administrative Agent; and

     1.11 Swap Contracts. Section 7.12(a) of the Credit Agreement shall be and it hereby
is amended in its entirety to read as follows:

     (a) Swap Contracts entered into with the purpose and effect of mitigating risk
with respect to prices of natural gas (including natural gas liquids) and/or crude
oil of the Borrower and its Restricted Subsidiaries (including Swap Contracts
entered into to unwind or offset other permitted Swap Contracts); provided
that at all times, on a net basis, (i) the aggregate notional volume for each of
natural gas (including natural gas liquids) and crude oil, calculated separately,
covered by market sensitive Swap Contracts for any month in each of the first and
second years of the forthcoming five year period (other than Excluded Hedges) shall
not exceed 100% of the estimated natural gas

Sixth
Amendment to Amended and Restated Credit Agreement – Page 5

 

 

(including natural gas liquids) and crude oil production, calculated separately,
from the proven producing reserves of the Borrower and its Restricted Subsidiaries
for each such month in such forthcoming period, it being understood that crude oil
hedges may be used as a substitute for hedging natural gas liquids so long as such
crude oil hedges are identified and consistently reported as such, (ii) the
aggregate notional volume for each of natural gas (including natural gas liquids)
and crude oil, calculated separately, covered by market sensitive Swap Contracts for
any month in each of the third, fourth and fifth years of the forthcoming five year
period (other than Excluded Hedges) shall not exceed 85% of the estimated natural
gas (including natural gas liquids) and crude oil production from the proven
producing reserves of the Borrower and its Restricted Subsidiaries for each such
month in such forthcoming period, it being understood that crude oil hedges may be
used as a substitute for hedging natural gas liquids so long as such crude oil
hedges are identified and consistently reported as such; and (iii) notwithstanding
the limitations set forth in clauses (i) and (ii) above, in contemplation of an
Acquisition, additional market sensitive Swap Contracts such that the aggregate
notional volumes for each of natural gas (including natural gas liquids) and crude
oil, calculated separately, for each month in the applicable period covered by
market sensitive Swap Contracts do not exceed the lesser of (I) 150% of the notional
volumes otherwise permitted in such clauses (i) and (ii) and (II) the notional
volumes which would otherwise be permitted in such clauses (i) and (ii) after giving
pro forma effect to the estimated increase in proven producing reserves to be
acquired in such Acquisition; provided such additional Swap Contracts are
entered into (A) after the execution of a definitive agreement with respect to a
proposed Acquisition, but in any event no earlier than 90 days prior to the proposed
closing date of such Acquisition and (B) in the event such agreement is terminated
or such Acquisition is otherwise not consummated within 90 days after such initial
additional market sensitive Swap Contracts have been entered into (or such longer
period as may be reasonably acceptable to the Administrative Agent in the event the
proposed closing of such Acquisition has been delayed beyond what the Borrower
originally expected), then within 15 days after such termination or the end of such
90 day (or longer) period, as applicable, the Borrower shall and shall cause the
Restricted Subsidiaries to novate, unwind or otherwise dispose of market sensitive
Swap Contracts to the extent necessary to be in compliance with the limitations set
forth in the immediately preceding clauses (i) and (ii); provided further,
that at the time any Swap Contract is entered into by the Borrower or any Restricted
Subsidiary the counterparty to such Swap Contract is an Approved Counterparty; and

     1.12 Reaffirmation. The reference to “Credit Party’s” in Section 10.18 of the Credit
Agreement shall be and it hereby is replaced with “Loan Party’s”.

     1.13 Flood Insurance Regulation. The following shall be and it hereby is added to the Credit
Agreement as Section 10.21:

     10.21 Flood Insurance Regulation. Notwithstanding any provision in any
Mortgage to the contrary, in no event shall any Building (as defined in the

Sixth
Amendment to Amended and Restated Credit Agreement – Page 6

 

 

applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as
defined in the applicable Flood Insurance Regulation) located on the Mortgaged
Properties (as defined in the applicable Mortgage) within an area having special
flood hazards and in which flood insurance is available under the National Flood
Insurance Act of 1968 be included in the definition of “Mortgaged Properties” and no
such Building or Manufactured (Mobile) Home shall be encumbered by any Mortgage. As
used herein, “Flood Insurance Regulations” shall mean (i) the National Flood
Insurance Act of 1968 as now or hereafter in effect or any successor statute
thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in
effect or any successor statue thereto, (iii) the National Flood Insurance Reform
Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or
recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and
any regulations promulgated thereunder.

     1.14 Co-Documentation Agents. From and after the date this Amendment becomes effective, each
reference in the Credit Agreement, the exhibits thereto and any other Loan Document to
“Co-Documentation Agents” shall be deemed to be a reference, collectively, to Credit Agricole
Corporate & Investment Bank, ING Capital LLC, BNP Paribas and Wells Fargo Bank, N.A.

     1.15 Schedule 3 to Compliance Certificate. Schedule 3 attached to the Form of Compliance
Certificate attached to the Credit Agreement as Exhibit B shall be and it hereby is
replaced with Schedule 3 attached to this Amendment.

SECTION 2. Redetermined Borrowing Base. This Amendment shall constitute notice of the
Redetermination of the Borrowing Base pursuant to Section 3.03 of the Credit Agreement
(provided that the Borrower and the Lenders shall each retain the number of Special
Redeterminations specified in Section 3.03 after giving effect to this Section 2),
and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that as of the date
hereof, the Borrowing Base is $2,500,000,000, until the next Redetermination of the Borrowing Base.
Notwithstanding anything to the contrary herein or in the Credit Agreement, no Scheduled
Redetermination of the Borrowing Base will be made prior to the Scheduled Redetermination to be
made based on the Interim Engineering Report and other information and reports required to be
delivered no later than October 1, 2011 pursuant to Section 3.01 of the Credit Agreement.

SECTION 3. Reallocation of Commitments and Loans. The Lenders have agreed among
themselves to reallocate their respective Commitments on the date this Amendment becomes effective
and, after giving effect to such reallocation, the Commitment and Applicable Percentage of each
Lender shall be as set forth on Schedule 2.01 attached to this Amendment. With respect to
such reallocation, each Lender shall fund its portion of the Revolving Loans, as determined by the
Administrative Agent, to the Administrative Agent such that, after giving effect thereto, the
principal amount of each Lender’s outstanding Revolving Loans shall be and be deemed to be equal to
its Applicable Percentage of the aggregate outstanding principal amount of all Revolving Loans.
The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in
Section 10.06(b)(iv) of the Credit Agreement with respect to the assignments and
reallocations contemplated by this Section 3. To the extent requested by any Lender, and
in accordance with Section 2.16 of the Credit Agreement, the Borrower shall pay to

Sixth
Amendment to Amended and Restated Credit Agreement – Page 7

 

 

such Lender, within the time period prescribed by Section 2.16 of the Credit Agreement, any
amounts required to be paid by the Borrower under Section 2.16 of the Credit Agreement in
the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar
Loan other than on the last day of an Interest Period applicable thereto is required in connection
with the reallocation contemplated by this Section 3.

SECTION 4. Conditions. The amendments to the Credit Agreement set forth in Section
1 of this Amendment, the redetermination of the Borrowing Base set forth in Section 2
of this Amendment and the reallocations and assignments contained in Section 3 of this
Amendment shall be effective upon the satisfaction of each of the conditions set forth in this
Section 4.

     4.1 Execution and Delivery. Each Loan Party and the Lenders shall have executed and delivered
this Amendment and any other documents requested by the Administrative Agent prior to the date
hereof, all in form and substance satisfactory to the Administrative Agent.

     4.2 No Default. No Default shall have occurred and be continuing.

     4.3 Other Documents. The Administrative Agent shall have received such other instruments and
documents incidental and appropriate to the transaction provided for herein as the Administrative
Agent or its special counsel may reasonably request prior to the date hereof, and all such
documents shall be in form and substance satisfactory to the Administrative Agent.

SECTION 5. Representations and Warranties of the Borrower. To induce the Required Lenders
to enter into this Amendment, the Borrower hereby represents and warrants to the Required Lenders
as follows:

     5.1 Reaffirmation of Representations and Warranties/Further Assurances. After giving effect
to the amendments contained herein, each representation and warranty of the Borrower or any
Guarantor contained in the Credit Agreement or in any other Loan Document is true and correct in
all material respects on the date of this Amendment (except to the extent such representations and
warranties relate solely to an earlier date).

     5.2 Corporate Authority; No Conflicts. The execution, delivery and performance by the
Borrower and each Guarantor (to the extent a party hereto or thereto) of this Amendment and all
documents, instruments and agreements contemplated herein are within the Borrower’s or such
Guarantor’s corporate or other organizational powers, have been duly authorized by necessary
action, require no approval, consent or action by or in respect of, or filing with, any court or
agency of government.

     5.3 Enforceability. This Amendment constitutes the valid and binding obligation of the
Borrower enforceable in accordance with its terms, except as (i) the enforceability thereof may be
limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (ii)
the availability of equitable remedies may be limited by equitable principles of general
application.

     5.4 No Default. As of the date of this Amendment, no Default has occurred and is continuing.

Sixth
Amendment to Amended and Restated Credit Agreement – Page 8

 

 

SECTION 6. Miscellaneous.

     6.1 Reaffirmation of Loan Documents and Liens. Any and all of the terms and provisions of the
Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in
full force and effect. The Borrower hereby agrees that the amendments and modifications herein
contained shall not impair its liabilities, duties and obligations under the Credit Agreement and
the other Loan Documents to which it is a party or, except as expressly provided herein, the Liens
granted by it securing the payment and performance thereof. The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any
Lender, the L/C Issuer or the Administrative Agent under any of the Loan Documents, nor, except as
expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan
Documents. Upon and after the execution of this Amendment by each of the parties hereto, each
reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like
import referring to the Credit Agreement, and each reference in the other Loan Documents to “the
Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit
Agreement, shall mean and be a reference to the Credit Agreement as modified hereby. This
Amendment is a Loan Document, and all provisions in the Credit Agreement pertaining to Loan
Documents apply hereto.

     6.2 Parties in Interest. All of the terms and provisions of this Amendment shall bind and
inure to the benefit of the parties hereto and their respective successors and assigns.

     6.3 Legal Expenses. The Borrower hereby agrees to pay all reasonable fees and expenses of
special counsel to the Administrative Agent incurred by the Administrative Agent in connection with
the preparation, negotiation and execution of this Amendment and all related documents.

     6.4 Counterparts. This Amendment may be executed in one or more counterparts and by different
parties hereto in separate counterparts each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one and the same
instrument; signature pages may be detached from multiple separate counterparts and attached to a
single counterpart so that all signature pages are physically attached to the same document.
However, this Amendment shall bind no party until the Borrower, the Required Lenders, and the
Administrative Agent have executed a counterpart. Delivery of photocopies of the signature pages
to this Amendment by facsimile or electronic mail shall be effective as delivery of manually
executed counterparts of this Amendment.

     6.5 Complete Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN
THE PARTIES.

     6.6 Headings. The headings, captions and arrangements used in this Amendment are, unless
specified otherwise, for convenience only and shall not be deemed to limit, amplify or modify the
terms of this Amendment, nor affect the meaning thereof.

Sixth
Amendment to Amended and Restated Credit Agreement – Page 9

 

 

     6.7 Governing Law. This Amendment shall be governed by, and construed in accordance with, the
law of the State of Texas.

[Signature pages follow]

Sixth
Amendment to Amended and Restated Credit Agreement – Page 10

 

 

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

	 	 	 	 	 
	 	BORROWER:

CONCHO RESOURCES INC.,

a Delaware corporation

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President, Chief Financial

Officer and Treasurer 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/ Mark E. Olson
 	 
	 	 	Mark E. Olson 	 
	 	 	Authorized Officer 	 
	 
	 	JPMORGAN CHASE BANK, N.A.,

as a Lender, L/C Issuer and Swing Line Lender

 	 
	 	By:  	/s/ Mark E. Olson
 	 
	 	 	Mark E. Olson 	 
	 	 	Authorized Officer 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Syndication Agent and a Lender

 	 
	 	By:  	/s/ Jeffrey H. Rathkamp
 	 
	 	Name:  	Jeffrey H. Rathkamp 	 
	 	Title:  	Managing Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	BNP PARIBAS,

as a Co-Documentation Agent and a Lender

 	 
	 	By:  	/s/ Edward Pak
 	 
	 	Name:  	Edward Pak 	 
	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	/s/ Rick Hawthorne
 	 
	 	Name:  	Rick Hawthorne 	 
	 	Title:  	Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	CREDIT AGRICOLE CORPORATE AND

INVESTMENT BANK, f/k/a CALYON (NEW

YORK BRANCH),

as a Co-Documentation Agent and a Lender

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

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	ING CAPITAL LLC,

as a Co-Documentation Agent and a Lender

 	 
	 	By:  	/s/ Charles Hall
 	 
	 	Name:  	Charles Hall 	 
	 	Title:  	Managing Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	SCOTIABANC INC.,

as a Lender

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

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	UNION BANK, N.A.,

as a Lender

 	 
	 	By:  	/s/ Alison White
 	 
	 	Name:  	Alison White 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	BANK OF SCOTLAND plc,

as a Lender

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

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	COMPASS BANK,

as a Lender

 	 
	 	By:  	/s/ Kathleen J. Bowen
 	 
	 	Name:  	Kathleen J. Bowen 	 
	 	Title:  	Senior Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	KEY BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ David Morris
 	 
	 	Name:  	David Morris 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Bruce E. Hernandez
 	 
	 	Name:  	Bruce E. Hernandez 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A.,

as a Co-Documentation Agent and a Lender

 	 
	 	By:  	/s/ Thomas E. Stelmar, Jr.
 	 
	 	Name:  	Thomas E. Stelmar, Jr. 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION,

as a Lender

 	 
	 	By:  	/s/ Masakazu Hasegawa
 	 
	 	Name:  	Masakazu Hasgawa 	 
	 	Title:  	General Manager 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	NATIXIS (formerly Natexis Banques Populaires),

as a Lender

 	 
	 	By:  	/s/ Liana Tchernysheva
 	 
	 	Name:  	Liana Tchernysheva 	 
	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                   /s/ Louis P. Laville, III
 	 
	 	Name:  	 	Louis P. Laville, III 	 
	 	Title:  	 	Managing Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	SUNTRUST BANK,

as a Lender

 	 
	 	By:  	/s/ Gregory C. Magnuson
 	 
	 	Name:  	Gregory C. Magnuson 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	STERLING BANK,

as a Lender

 	 
	 	By:  	/s/ Allen D. Brown
 	 
	 	Name:  	Allen D. Brown 	 
	 	Title:  	EVP 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	BANK OF TEXAS, N.A.,

as a Lender

 	 
	 	By:  	/s/ Matt Chase
 	 
	 	Name:  	Matt Chase 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	CITIBANK, N.A. (formerly Citibank Texas, N.A.), 

as a
Lender

 	 
	 	By:  	/s/ Angela McCracken
 	 
	 	Name:  	Angela McCracken 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,

as a Lender

 	 
	 	By:  	/s/ Marguerite Sutton
 	 
	 	Name:  	Marguerite Sutton 	 
	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Erin Morrissey
 	 
	 	Name:  	Erin Morrissey 	 
	 	Title:  	Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	THE FROST NATIONAL BANK,

as a Lender

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

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	BANK OF MONTREAL,

as a Lender

 	 
	 	By:  	/s/ Gumaro Tijerina
 	 
	 	Name:  	Gumaro Tijerina 	 
	 	Title:  	Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC,

as a Lender

 	 
	 	By:  	/s/ Vanessa A. Kurbatskiy
 	 
	 	Name:  	Vanessa A. Kurbatskiy 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND plc,

as a Lender

 	 
	 	By:  	/s/ Brian Williams
 	 
	 	Name:  	Brian Williams 	 
	 	Title:  	Authorized Signatory 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	UBS LOAN FINANCE LLC,

as a Lender

 	 
	 	By:  	/s/ Mary E. Evans
 	 
	 	Name:  	Mary E. Evans 	 
	 	Title:  	Associate Director 	 
	 
	 	 	 
	 	By:  	                    /s/ April Varner-Nanton
 	 
	 	Name:  	April Varner-Nanton 	 
	 	Title:  	Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	CAPITAL ONE, NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Wesley Fontana
 	 
	 	Name:  	Wesley Fontana 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	CIBC, INC.,

as a Lender

 	 
	 	By:  	/s/ Trudy Nelson
 	 
	 	Name:  	Trudy Nelson 	 
	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	                  /s/ Richard Antl
 	 
	 	Name:  	Richard Antl 	 
	 	Title:  	Authorized Signatory 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	COMERICA BANK,

as a Lender

 	 
	 	By:  	/s/ James A. Morgan
 	 
	 	Name:  	James A. Morgan 	 
	 	Title:  	Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	GOLDMAN SACHS BANK USA,

as a Lender

 	 
	 	By:  	/s/ Mark Walton
 	 
	 	Name:  	Mark Walton 	 
	 	Title:  	Authorized Signatory 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	REGIONS BANK,

as a Lender

 	 
	 	By:  	/s/ Kelly L. Elmore III
 	 
	 	Name:  	Kelly L. Elmore III 	 
	 	Title:  	Senior Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA,

as a Lender

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

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	SOCIETE GENERALE,

as a Lender

 	 
	 	By:  	/s/ Scott Mackey
 	 
	 	Name:  	Scott Mackey 	 
	 	Title:  	Director 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	AMEGY BANK, N.A.,

as a Lender

 	 
	 	By:  	/s/ David T. Helffrich, III
 	 
	 	Name:  	David T. Helffrich, III 	 
	 	Title:  	Assistant Vice President 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

	 	 	 	 	 
	 	CREDIT SUISSE AG, CAYMAN ISLANDS

as a Lender

 	 
	 	By:  	/s/ Mikhail Faybusovich
 	 
	 	Name:  	Mikhail Faybusovich 	 
	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                  /s/ Vipul Dhadda
 	 
	 	Name:  	Vipul Dadda 	 
	 	Title:  	Associate 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Signature Page

 

 

CONSENT AND REAFFIRMATION

     The undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a copy of the
foregoing Sixth Amendment to Amended and Restated Credit Agreement (the “Sixth Amendment”);
(ii) consents to the Borrower’s execution and delivery thereof; (iii) agrees to be bound thereby;
(iv) affirms that nothing contained therein shall modify in any respect whatsoever its guaranty of
the obligations of the Borrower to Lenders pursuant to the terms of its Guaranty in favor of Agent
and the Lenders (the “Guaranty”) or the Liens granted by it securing payment and
performance thereunder and (v) reaffirms that the Guaranty and such Liens are and shall continue to
remain in full force and effect. Although each Guarantor has been informed of the matters set
forth herein and has acknowledged and agreed to same, each Guarantor understands that the Lenders
have no obligation to inform any Guarantor of such matters in the future or to seek any Guarantor’s
acknowledgment or agreement to future amendments or waivers for its Guaranty to remain in full
force and effect, and nothing herein shall create such duty or obligation.

     IN WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation on and as of
the date of this Sixth Amendment.

	 	 	 	 	 
	 	GUARANTORS:

COG OPERATING LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President, Chief Financial

Officer and Treasurer 	 
	 
	 	COG REALTY LLC,

a Texas limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President, Chief Financial

Officer and Treasurer 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Consent and Reaffirmation

 

 

	 	 	 	 	 
	 	CONCHO ENERGY SERVICES LLC,

a Texas limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President, Chief Financial

Officer and Treasurer 	 
	 
	 	QUAIL RANCH LLC,

a Texas limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President, Chief Financial

Officer and Treasurer 	 
	 
	 	COG HOLDINGS LLC,

a Texas limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President - Chief Financial

Officer and Treasurer 	 
	 
	 	CONCHO OIL & GAS LLC,

a Texas limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President - Chief Financial

Officer and Treasurer 	 
	 
	 	COG EXCHANGE PROPERTIES LLC,

a Texas limited liability company

 	 
	 	By:  	/s/ Darin G. Holderness
 	 
	 	Name:  	Darin G. Holderness 	 
	 	Title:  	Senior Vice President - Chief Financial

Officer and Treasurer 	 
	 

			
	 	 	 
	Sixth Amendment to Amended and Restated Credit Agreement	 	 
	 
	 	Consent and Reaffirmation

 

 

SCHEDULE 2.01

COMMITMENTS

AND APPLICABLE PERCENTAGES

	 	 	 	 	 	 	 	 	 
	Lender	 	Commitment1	 	Applicable Percentage
	JPMorgan Chase Bank, N.A.
	 	$	123,500,000	 	 	 	6.1750000	%
	Bank of America, N.A.
	 	$	123,500,000	 	 	 	6.1750000	%
	BNP Paribas
	 	$	118,250,000	 	 	 	5.9125000	%
	Credit Agricole Corporate and
Investment Bank, f/k/a Calyon (New
York Branch)
	 	$	118,250,000	 	 	 	5.9125000	%
	ING Capital LLC
	 	$	118,250,000	 	 	 	5.9125000	%
	Wells Fargo Bank
	 	$	118,250,000	 	 	 	5.9125000	%
	Scotiabanc Inc.
	 	$	75,000,000	 	 	 	3.7500000	%
	Union Bank, N.A.
	 	$	75,000,000	 	 	 	3.7500000	%
	Bank of Scotland
	 	$	75,000,000	 	 	 	3.7500000	%
	U.S. Bank National Association
	 	$	75,000,000	 	 	 	3.7500000	%
	Sumitomo Mitsui Banking Corporation
	 	$	75,000,000	 	 	 	3.7500000	%
	Natixis
	 	$	75,000,000	 	 	 	3.7500000	%
	Compass Bank
	 	$	75,000,000	 	 	 	3.7500000	%
	Key Bank National Association
	 	$	60,000,000	 	 	 	3.0000000	%
	Suntrust Bank
	 	$	60,000,000	 	 	 	3.0000000	%
	Deutsche Bank Trust Company Americas
	 	$	60,000,000	 	 	 	3.0000000	%
	Bank of Montreal
	 	$	52,000,000	 	 	 	2.6000000	%
	Barclays Bank PLC
	 	$	52,000,000	 	 	 	2.6000000	%
	The Royal Bank of Scotland plc
	 	$	52,000,000	 	 	 	2.6000000	%
	UBS Loan Finance LLC
	 	$	52,000,000	 	 	 	2.6000000	%
	Capital One, N.A.
	 	$	43,500,000	 	 	 	2.1750000	%
	CIBC Inc.
	 	$	43,500,000	 	 	 	2.1750000	%
	Citibank, N.A.
	 	$	35,000,000	 	 	 	1.7500000	%
	The Frost National Bank
	 	$	35,000,000	 	 	 	1.7500000	%
	Sterling Bank
	 	$	35,000,000	 	 	 	1.7500000	%
	Bank of Texas, N.A.
	 	$	30,000,000	 	 	 	1.5000000	%
	Comerica Bank
	 	$	25,000,000	 	 	 	1.2500000	%
	Goldman Sachs Bank USA
	 	$	25,000,000	 	 	 	1.2500000	%
	Regions Bank
	 	$	25,000,000	 	 	 	1.2500000	%
	Royal Bank of Canada
	 	$	25,000,000	 	 	 	1.2500000	%
	Societe Generale
	 	$	25,000,000	 	 	 	1.2500000	%
	Amegy Bank, N.A.
	 	$	10,000,000	 	 	 	0.5000000	%
	Credit Suisse AG
	 	$	10,000,000	 	 	 	0.5000000	%
	 
	 	 	 	 	 	 	 	 
	Total
	 	$	2,000,000,000	 	 	 	100.0000000	%

 

			
	1	 	As of the Sixth Amendment Effective Date, and subject to adjustment as
a result of changes in the Borrowing Base and the Maximum Facility Amount.

Sixth Amendment to Amended and Restated Credit Agreement

 

 

SCHEDULE 3

For the Quarter/Year ended __________________(“Statement Date”)

SCHEDULE 3

to the Compliance Certificate

($ in 000’s)

Consolidated EBITDAX1

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Twelve	 
	Consolidated	 	Quarter	 	 	Quarter	 	 	Quarter	 	 	Quarter	 	 	Months	 
	EBITDAX	 	Ended	 	 	Ended	 	 	Ended	 	 	Ended	 	 	Ended	 
	Consolidated Net Income
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ Consolidated Interest Charges
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ income and franchise taxes
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ depletion expense
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ depreciation expense
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ amortization expense
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ exploration expense
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ non-cash expenses
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	- income tax credits
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	- non-cash income
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	= Consolidated EBITDAX
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	1	 	Calculated in accordance with the definition of Consolidated EBITDAX as set forth in
the Agreement, including any adjustments necessary to give effect, on a pro forma basis, to any
Qualified Acquisition or Qualified Disposition made during such period, as if such Acquisition or
Disposition had occurred on the first day of such period.

Sixth Amendment to Amended and Restated Credit Agreement

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