Document:

Exhibit

Exhibit 10.1

FIRST AMENDMENT

TO

AMENDED AND RESTATED CREDIT AGREEMENT
 
DATED AS OF FEBRUARY 1, 2019 
 
AMONG 
 
CHESAPEAKE ENERGY CORPORATION, 
AS THE BORROWER, 
 
MUFG UNION BANK, N.A., 
AS ADMINISTRATIVE AGENT, 

AND

THE LENDERS 
PARTY HERETO

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
This First Amendment to Amended and Restated Credit Agreement (this “Amendment”) dated as of February 1, 2019, is among Chesapeake Energy Corporation, an Oklahoma corporation (the “Borrower”), each of the undersigned guarantors (the “Guarantors”), each Lender (as defined below) party hereto, and MUFG Union Bank, N.A., as administrative agent for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”).
RECITALS
A.The Borrower, the Administrative Agent and the banks and other financial institutions from time to time party thereto (together with their respective successors and assigns in such capacity, each a “Lender”) have entered into that certain Amended and Restated Credit Agreement dated as of September 12, 2018 (as amended, restated, modified and supplemented from time to time, the “Credit Agreement”).
B.The Borrower gives notice to the Administrative Agent that three of the Borrower’s Subsidiaries, Coleburn Inc., a Delaware corporation (“Merger Sub”), Brazos Valley Longhorn, L.L.C., a Delaware limited liability company (“WildHorse LLC”), and Brazos Valley Longhorn Finance Corp., a Delaware corporation (“WildHorse Co-Issuer” and collectively with Merger Sub and WildHorse LLC, “Wildhorse”), together with the other Subsidiaries of WildHorse LLC set forth on Appendix I hereto after giving effect to the WildHorse Mergers, are hereby designated as Unrestricted Subsidiaries (the “Designated Unrestricted Subsidiaries”).
C.The Borrower confirms that, after giving effect to the designations of each of the Designated Unrestricted Subsidiaries as an Unrestricted Subsidiary, (i) no Event of Default shall have occurred and be continuing, (ii) the Borrower is in compliance with the Financial Performance Covenants on a Pro Forma Basis, (iii) each of such Designated Unrestricted Subsidiaries is in compliance with Section 9.8(c) of the Credit Agreement, (iv) the Borrower is in compliance with Section 10.5 of the Credit Agreement, and (v) no such Unrestricted Subsidiary is a “restricted subsidiary” under, or guarantor of, the Indentures or any Permitted Additional Debt.  In reliance on the foregoing confirmation and the designation of each of the Designated Unrestricted Subsidiaries as an Unrestricted Subsidiary, the Administrative Agent and the Lenders party hereto hereby confirm that (x) none of the Designated Unrestricted Subsidiaries or any of their respective Subsidiaries, now or hereafter existing (for the avoidance of doubt, WildHorse Co-Issuer is a Subsidiary of WildHorse LLC before and after giving effect to the WildHorse Mergers and the other Subsidiaries of WildHorse LLC, after giving effect to the WildHorse Mergers, are set forth on Appendix I hereto), is required by Section 9.9 of the Credit Agreement to become a Guarantor and (y) the Stock and Stock Equivalents issued by Merger Sub, WildHorse LLC, WildHorse Co-Issuer and their respective Subsidiaries, now or hereafter existing, are Excluded Stock.
D.The Borrower, Merger Sub and WildHorse Resource Development Corp. (“WildHorse Corp.”) are parties to that certain Agreement and Plan of Merger dated as of October 29, 2018 (as amended or supplemented, the “WildHorse Merger Agreement”).  

Contemporaneously with the effectiveness of this Amendment, (1) WildHorse Corp. will merge into Merger Sub, with WildHorse Corp. as the survivor, whereupon WildHorse Corp. will merge into WildHorse LLC, with WildHorse LLC as the survivor, (such mergers are collectively referred to herein as the “WildHorse Mergers”), (2) WildHorse LLC, as successor to WildHorse Corp., will become obligated as the borrower under that certain Credit Agreement (as amended, restated, modified and supplemented from time to time, the “WildHorse Revolver”) dated as of December 19, 2016 with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent for such lenders, and (3) WildHorse LLC and WildHorse Co-Issuer will assume all of the obligations of WildHorse Corp. under that certain Indenture (as amended, restated, modified and supplemented from time to time, the “WildHorse Indenture”) dated as of February 1, 2017 among WildHorse Corp., the guarantors party thereto and U.S. Bank National Association, as trustee.
E.The Borrower has requested, and the Majority Lenders have agreed, to amend certain provisions of the Credit Agreement on the terms and conditions set forth herein to (a) provide an explicit procedure for an Unrestricted Subsidiary to become a Restricted Subsidiary, (b) allow certain Investments to be made in WildHorse LLC, and (c) otherwise amend the Credit Agreement as provided in this Amendment.
F.NOW, THEREFORE, to induce the Administrative Agent and the Lenders to enter into this Amendment and in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.     Definitions.  Each capitalized term which is defined in the Credit Agreement but which is not defined in this Amendment, shall have the meaning assigned to such term in the Credit Agreement.  Unless otherwise indicated, all section references in this Amendment refer to sections of the Credit Agreement.
Section 2.    Amendments to Credit Agreement.
2.1    Amendments to Section 1.1.  The following defined terms are hereby added to Section 1.1 in appropriate alphabetical order to read as follows:
“Merger Sub” means Coleburn Inc., a Delaware corporation.
“Permitted WildHorse Investment” means cash Investments (in addition to those permitted by Section 10.5(d)) by the Borrower in WildHorse LLC for so long as WildHorse LLC is an Unrestricted Subsidiary, not to exceed $405,000,000 and immediately after giving effect to such Investment, the Borrower shall be in compliance with the Financial Performance Covenants on a Pro Forma Basis.
“WildHorse” means at any time, collectively, such of Merger Sub, WildHorse LLC, and WildHorse Co-Issuer as then exists.
“WildHorse Co-Issuer” means Brazos Valley Longhorn Finance Corp., a Delaware corporation.

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“WildHorse Corp.” means WildHorse Resource Development Corporation, a Delaware corporation.
“WildHorse LLC” means Brazos Valley Longhorn, L.L.C., a Delaware limited liability company.
2.2    Amendment of Section 9.8.  There is hereby added to Section 9.8 a new Section 9.8(d), which shall read in its entirety as follows:
(d)    The Borrower may redesignate by written notification thereof to the Administrative Agent, any Unrestricted Subsidiary as a Restricted Subsidiary if immediately after giving effect to such redesignation (i) no Event of Default shall have occurred and be continuing, (ii) the Borrower shall be in compliance with the Financial Performance Covenants on a Pro Forma Basis and (iii) the Borrower and such Subsidiary shall be in compliance with Section 9.9.  The redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence, at the time of such redesignation, of any Investment, Indebtedness and Liens of such Subsidiary; upon such redesignation, the amount of any Investment in such Unrestricted Subsidiary made in reliance on Section 10.5(q) shall be deemed not to have been so made, and thus available (to the extent, together with other Investments (measured as provided therein) made in reliance on Section 10.5(q), not in excess of 15% of the then-existing Adjusted Consolidated Net Tangible Assets) for Investment by the Borrower in accordance with Section 10.5(q).  
2.3    Amendment of Section 10.3(b).  Section 10.3(b) is hereby amended to replace the first reference to “Guarantor” therein with “Restricted Subsidiary”.
2.4    Amendment of Section 10.4(a)(xi).  Section 10.4(a)(xi) is hereby amended to read in its entirety as follows:  
(xi)    the unwinding, terminating and/or offsetting of any Hedge Agreement will be permitted (subject to the terms of Section 2.14(h)); but no later than one Business Day after the date of consummation of any unwinding, terminating and/or offsetting of any Scheduled Hedge Agreement, the Borrower shall provide notice to the Administrative Agent of such unwinding, terminating and/or offsetting of such Scheduled Hedge Agreement and the Borrowing Base shall be adjusted in accordance with the provisions of Section 2.14(h); provided, that to the extent that the Borrower is notified by the Administrative Agent that a Borrowing Base Deficiency could result from an adjustment to the Borrowing Base resulting from such unwinding, terminating and/or offsetting of any Scheduled Hedge Agreement, after the consummation of such unwinding, terminating and/or offsetting of such Scheduled Hedge Agreement, the Borrower shall have received net cash proceeds, or shall have cash on hand, sufficient to eliminate any such potential Borrowing Base Deficiency;

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2.5    Amendment of Section 10.5.  
(a)    Section 10.5 is here by amended by replacing subparagraph numbers (b) through (r) with subparagraph numbers (a) through (q) such that subparagraph (b) is subparagraph (a) and subparagraph (c) is subparagraph (b), etc.
(b)    There is hereby added to Section 10.5 a new Section 10.5(r) following Section 10.5(q), which shall read in its entirety as follows:
(r)    the Permitted WildHorse Investment.
2.6    Amendment of Article X.  There is hereby added to Article X a new Section 10.16 following Section 10.15, which shall read in its entirety as follows:
10.16.    WildHorse LLC.  The Borrower will not own, directly or indirectly, less than 100% of the Equity Interests of WildHorse LLC for so long as it is designated as an Unrestricted Subsidiary.
Section 3.    Effectiveness.  This Amendment shall become effective on the date on which each of the conditions set forth in this Section is satisfied (the “Effective Date”):
3.1    The Administrative Agent shall have received evidence that the WildHorse Mergers have occurred.
3.2    The Administrative Agent shall have received duly executed counterparts (in such number as may be requested by the Administrative Agent) of this Amendment from (a) the Borrower, (b) each Guarantor, (c) the Administrative Agent, and (d) Lenders constituting at least the Majority Lenders.
3.3    The Administrative Agent shall have received a duly executed copy of that certain Sixth Amendment to Credit Agreement, dated as of February 1, 2019, among WildHorse LLC (as successor by merger to WildHorse Corp.), the guarantors party thereto, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent for such lenders.
3.4    No Default or Event of Default shall have occurred and be continuing as of the date hereof, immediately before and after giving effect to the terms of this Amendment. 
3.5    All representations and warranties made by any Credit Party in the Credit Agreement or in the other Credit Documents are, to the knowledge of an Authorized Officer of the Borrower, true and correct in all material respects (unless such representations and warranties are already qualified by materiality or Material Adverse Effect, in which case they are true and correct in all respects) with the same effect as though such representations and warranties had been made on and as of the date hereof (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (unless such representations and warranties are already qualified by materiality or Material Adverse Effect, in which case they are true and correct in all respects) as of such earlier date).

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3.6    The Administrative Agent shall have received a certificate of the Borrower, dated as of the effective date of the WildHorse Mergers, substantially in the form of Exhibit C to the Credit Agreement.
3.7    The Administrative Agent shall have received a certificate of an Authorized Officer of the Borrower certifying that the WildHorse Mergers have occurred or are concurrently occurring in accordance with the terms of the WildHorse Merger Agreement (with all of the material conditions precedent thereto having been satisfied in all material respects by the parties thereto).
3.8    As of the effective date of the WildHorse Mergers, the Borrower shall be in compliance, on a Pro Forma Basis, with the Financial Performance Covenants.
3.9    All fees required to be paid pursuant to Section 13.5 to the extent invoiced at least three Business Days before the Effective Date (except as otherwise reasonably agreed by the Borrower) shall have been or will be substantially simultaneously paid.
3.10    The Administrative Agent and the Lenders shall have received all documentation and other information (including Beneficial Ownership Certifications) about WildHorse as shall have been reasonably requested in writing by the Administrative Agent or such Lenders at least seven calendar days before the Effective Date and as is mutually agreed to be required by U.S. regulatory authorities under applicable “know your customer,” beneficial ownership and anti-money laundering rules and regulations, and Beneficial Ownership Regulation, including the Patriot Act and if WildHorse qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in respect of the Borrower, in each case, that has been requested in writing by the Administrative Agent or any Lender not less than ten Business Days before the Effective Date.
Section 4.    Miscellaneous.
4.1    The Borrower represents and warrants to the Lenders that, after giving effect to the designations of each of the Designated Unrestricted Subsidiaries as an Unrestricted Subsidiary, (i) no Event of Default shall have occurred and be continuing, (ii) the Borrower is in compliance with the Financial Performance Covenants on a Pro Forma Basis, (iii) each of such Designated Unrestricted Subsidiaries is in compliance with Section 9.8(c) of the Credit Agreement, (iv) the Borrower is in compliance with Section 10.5 of the Credit Agreement, and (v) no such Unrestricted Subsidiary is a “restricted subsidiary” under, or guarantor of, the Indentures or any Permitted Additional Debt.
4.2    (a) On and after the effectiveness of this Amendment, 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 each other Credit Document 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 amended or otherwise modified by this Amendment; (b) the execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any default of the Borrower or any right, power or remedy of the Administrative Agent or the Lenders under any of the Credit Documents, 

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nor constitute a waiver of any provision of any of the Credit Documents; (c) this Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart; and (d) delivery of an executed counterpart of a signature page to this Amendment by telecopier or electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment.
4.3    Neither the execution by the Administrative Agent or the Lenders of this Amendment, nor any other act or omission by the Administrative Agent or the Lenders or their officers in connection herewith, shall be deemed a waiver by the Administrative Agent or the Lenders of any defaults which may exist or which may occur in the future under the Credit Agreement and/or the other Credit Documents, or any future defaults of the same provision waived hereunder (collectively “Violations”).  Similarly, nothing contained in this Amendment shall directly or indirectly in any way whatsoever either: (a) impair, prejudice or otherwise adversely affect the Administrative Agent’s or the Lenders’ right at any time to exercise any right, privilege or remedy in connection with the Credit Documents with respect to any Violations; (b) amend or alter any provision of the Credit Agreement, the other Credit Documents, or any other contract or instrument; or (c) constitute any course of dealing or other basis for altering any obligation of the Borrower or any right, privilege or remedy of the Administrative Agent or the Lenders under the Credit Agreement, the other Credit Documents, or any other contract or instrument.  Nothing in this letter shall be construed to be a consent by the Administrative Agent or the Lenders to any Violations.
4.4    The Borrower and each Guarantor hereby (a) acknowledges the terms of this Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Credit Document to which it is a party and agrees that each Credit Document to which it is a party remains in full force and effect, except as expressly amended or modified hereby; and (c) represents and warrants to the Lenders that as of the Effective Date, after giving effect to the terms of this Amendment:  (i) all of the representations and warranties contained in each Credit Document to which it is a party are true and correct in all material respects (unless already qualified by materiality in which case such applicable representation and warranty shall be true and correct), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (unless already qualified by materiality in which case such applicable representation and warranty shall be true and correct) as of such specified earlier date, and (ii) no Default or Event of Default has occurred and is continuing.
4.5    This Amendment is a Credit Document as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to Credit Documents shall apply hereto.
4.6    THE CREDIT DOCUMENTS, INCLUDING THIS AMENDMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

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4.7    THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
[Signature Pages Follow]

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

	BORROWER:
	CHESAPEAKE ENERGY CORPORATION

	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

	 
	 
	 
	 

	GUARANTORS:
	CHESAPEAKE LOUISIANA, L.P.

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

	 
	 
	 
	 

	 
	 
	 
	 

	 
	EMPRESS LOUISIANA PROPERTIES, L.P.

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

	
				
	 
	CHESAPEAKE EXPLORATION, L.L.C.
CHESAPEAKE APPALACHIA, L.L.C.
CHESAPEAKE E&P HOLDING, L.L.C. (formerly known as Chesapeake E&P Holding Corporation)
CHESAPEAKE ENERGY LOUISIANA CORPORATION
CHESAPEAKE NG VENTURES CORPORATION
CHK ENERGY HOLDINGS, INC. 
SPARKS DRIVE SWD, INC.
WINTER MOON ENERGY CORPORATION
CHESAPEAKE AEZ EXPLORATION, L.L.C.
CHESAPEAKE-CLEMENTS ACQUISITION, L.L.C.
CHESAPEAKE ENERGY MARKETING, L.L.C.
CHESAPEAKE LAND DEVELOPMENT COMPANY, L.L.C.
CHESAPEAKE OPERATING, L.L.C.,
CHESAPEAKE PLAINS, LLC
CHESAPEAKE PLAZA, L.L.C.
CHESAPEAKE ROYALTY, L.L.C.
CHESAPEAKE VRT, L.L.C.
CHK UTICA, L.L.C.
COMPASS MANUFACTURING, L.L.C.
EMLP, L.L.C.
EMPRESS, L.L.C.
GSF, L.L.C.
MC LOUISIANA MINERALS, L.L.C.
MC MINERAL COMPANY, L.L.C.
MIDCON COMPRESSION, L.L.C.
NOMAC SERVICES, L.L.C.
NORTHERN MICHIGAN EXPLORATION COMPANY, L.L.C.
CHESAPEAKE MIDSTREAM DEVELOPMENT, L.L.C.,
each as a Guarantor

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

	
				
	 
	 
	 
	 

	 
	MUFG UNION BANK, N.A., as Administrative Agent, Co-Syndication Agent, Letter of Credit Issuer, Swingline Lender and Lender

	 
	 
	 

	 
	By:
	 
	/s/ Kevin Sparks

	 
	Name:
	 
	Kevin Sparks

	 
	Title:
	 
	Director

	
				
	 
	 
	 
	 

	 
	MUFG BANK, LTD., as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Kevin Sparks

	 
	Name:
	 
	Kevin Sparks

	 
	Title:
	 
	Director

	
				
	 
	 
	 
	 

	 
	WELLS FARGO BANK NATIONAL ASSOCIATION, as Lender

	 
	 
	 

	 
	By:
	 
	/s/ John Mammen

	 
	Name:
	 
	John Mammen

	 
	Title:
	 
	Director

	
				
	 
	 
	 
	 

	 
	JPMORGAN CHASE BANK, N.A., as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Debra Hrelja

	 
	Name:
	 
	Debra Hrelja

	 
	Title:
	 
	Vice President

	
				
	 
	 
	 
	 

	 
	BANK OF AMERICA, N.A., as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Greg M. Hall

	 
	Name:
	 
	Greg M. Hall

	 
	Title:
	 
	Vice President

	
				
	 
	 
	 
	 

	 
	BMO HARRIS BANK N.A., as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Gumaro Tijerina

	 
	Name:
	 
	Gumaro Tijerina

	 
	Title:
	 
	Managing Director

	
				
	 
	 
	 
	 

	 
	CITICORP NORTH AMERICA, INC., as Letter of Credit Issuer and Lender

	 
	 
	 

	 
	By:
	 
	/s/ Todd Mogil

	 
	Name:
	 
	Todd Mogil

	 
	Title:
	 
	Vice President

	
				
	 
	 
	 
	 

	 
	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Letter of Credit Issuer and Lender

	 
	 
	 

	 
	By:
	 
	/s/ Parker Laville

	 
	Name:
	 
	Parker Lavlle

	 
	Title:
	 
	Managing Director

	 
	 
	 
	 

	 
	By:
	 
	/s/ Michael Willis

	 
	Name:
	 
	Michael Willis

	 
	Title:
	 
	Managing Director

	
				
	 
	 
	 
	 

	 
	MIZUHO BANK, LTD., AS LETTER OF CREDIT ISSUER, as Letter of Credit Issuer and Lender

	 
	 
	 

	 
	By:
	 
	/s/ Donna DeMagistris

	 
	Name:
	 
	Donna DeMagistris

	 
	Title:
	 
	Authorized Signatory

	
				
	 
	 
	 
	 

	 
	ROYAL BANK OF CANADA, as Letter of Credit Issuer and Lender

	 
	 
	 

	 
	By:
	 
	/s/ Kristan Spivey

	 
	Name:
	 
	Kristan Spivey

	 
	Title:
	 
	Authorized Signatory

	
				
	 
	 
	 
	 

	 
	ABN AMRO CAPITAL USA LLC, as Letter of Credit Issuer and Lender

	 
	 
	 

	 
	By:
	 
	/s/ Darrell Holley

	 
	Name:
	 
	Darrell Holley

	 
	Title:
	 
	Managing Director

	 
	 
	 
	 

	 
	By:
	 
	/s/ Scott Myatt

	 
	Name:
	 
	Scott Myatt

	 
	Title:
	 
	Executive Director

	
				
	 
	 
	 
	 

	 
	DNB CAPITAL LLC, as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Robert Dupree

	 
	Name:
	 
	Robert Dupree

	 
	Title:
	 
	Senior Vice President

	 
	 
	 
	 

	 
	By:
	 
	/s/ Einar Gulstad

	 
	Name:
	 
	Einar Gulstad

	 
	Title:
	 
	Senior Vice President

	
				
	 
	 
	 
	 

	 
	EXPORT DEVELOPMENT CANADA, as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Trevor Mulligan

	 
	Name:
	 
	Trevor Mulligan

	 
	Title:
	 
	Financing Manager

	 
	 
	 
	 

	 
	By:
	 
	/s/ Michael Lambe

	 
	Name:
	 
	Michael Lamb

	 
	Title:
	 
	Financing Manager

	
				
	 
	 
	 
	 

	 
	GOLDMAN SACHS BANK USA, as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Mahesh Mohan

	 
	Name:
	 
	Mahesh Mohan

	 
	Title:
	 
	Authorized Signatory

	
				
	 
	 
	 
	 

	 
	MORGAN STANLEY BANK, N.A., as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Kevin Newman

	 
	Name:
	 
	Kevin Newman

	 
	Title:
	 
	Authorized Signatory

	
				
	 
	 
	 
	 

	 
	MORGAN STANLEY SENIOR FUNDING, INC., AS LENDER

	 
	 
	 

	 
	By:
	 
	/s/ Kevin Newman

	 
	Name:
	 
	Kevin Newman

	 
	Title:
	 
	Vice President

	
				
	 
	 
	 
	 

	 
	NATIXIS, NEW YORK BRANCH, as Lender

	 
	 
	 

	 
	By:
	 
	/s/ Vikram Nath

	 
	Name:
	 
	Vikram Nath

	 
	Title:
	 
	Director

	 
	 
	 
	 

	 
	By:
	 
	/s/ Brian O'Keefe

	 
	Name:
	 
	Brian O'Keefe

	 
	Title:
	 
	Vice President

APPENDIX I

OTHER SUBSIDIARIES OF
BRAZOS VALLEY LONGHORN, L.L.C.
after giving effect to the
WildHorse Mergers

WILDHORSE RESOURCES II, LLC, a Delaware limited liability company
ESQUISTO RESOURCES II, LLC, a Texas limited liability company
WHE ACQCO., LLC, a Delaware limited liability company
WHR EAGLE FORD LLC, a Delaware limited liability company
BURLESON SAND LLC, a Delaware limited liability company
WHCC INFRASTRUCTURE LLC, a Delaware limited liability company
WILDHORSE RESOURCES MANAGEMENT COMPANY, LLC, a Delaware limited liability company
PETROMAX E&P BURLESON, LLC, a Texas limited liability company
BURLESON WATER RESOURCES, LLC, a Texas limited liability company

Appendix IExhibit

Exhibit 10.2

Sixth Amendment to Credit Agreement
This Sixth Amendment to Credit Agreement (this “Sixth Amendment”), dated as of February 1, 2019 (the “Sixth Amendment Effective Date”), is among Brazos Valley Longhorn, L.L.C., a Delaware limited liability company (“WildHorse LLC”) and successor by merger to WildHorse Resource Development Corporation, a Delaware corporation (“WildHorse Corp.”); each of the Guarantors party hereto (the “Guarantors” and collectively with the Borrower, the “Loan Parties”); each of the Lenders party hereto; and Wells Fargo Bank, National Association, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
R E C I T A L S:
A.    WildHorse Corp., the Administrative Agent and the Lenders party thereto executed and delivered that certain Credit Agreement dated as of December 19, 2016 (as amended or otherwise modified from time to time to date pursuant to the terms thereof, the “Credit Agreement”), pursuant to which the Lenders have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of the Borrower.

B.    Chesapeake Energy Corporation (“Chesapeake”), Coleburn Inc. (“Merger Sub”) and WildHorse Corp. were parties to that certain Agreement and Plan of Merger dated as of October 29, 2018 (as amended, restated, modified and supplemented prior to the date hereof, the “WildHorse Merger Agreement”).  WildHorse LLC and Brazos Valley Longhorn Finance Corp., a Delaware corporation (“WildHorse Co-Issuer”), are, and (immediately before the effectiveness of this Sixth Amendment) Merger Sub was, wholly owned subsidiaries of Chesapeake.  Contemporaneously with the effectiveness of this Sixth Amendment, (1) WildHorse Corp. merged into Merger Sub, with WildHorse Corp. as the sole survivor, whereupon WildHorse Corp. merged into WildHorse LLC, with WildHorse LLC as the sole survivor (such mergers are collectively referred to herein as the “WildHorse Mergers”), (2) by operation of law, WildHorse LLC, as successor to WildHorse Corp., (x) became the Borrower and (y) possesses all the rights, privileges, powers, franchises and property (real, personal and mixed) of and all debts due to WildHorse Corp., and all rights of creditors, all Liens upon any property, debts, liabilities and duties of WildHorse Corp. attach to WildHorse LLC, including the obligations of the Borrower under the Loan Documents, and (3) WildHorse LLC and WildHorse Co-Issuer have assumed all of the obligations of WildHorse Corp. under that certain Indenture dated as of February 1, 2017, among WildHorse Corp., the guarantors party thereto and U.S. Bank National Association, as trustee.

C.    The Borrower has requested that the Lenders amend the Credit Agreement in certain respects to facilitate the WildHorse Mergers and otherwise amend the Credit Agreement.

D.    Subject to and upon the terms and conditions set forth herein, the undersigned Lenders have agreed to enter into this Sixth Amendment to amend certain provisions of the Credit Agreement as more specifically provided for herein.
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Section 1.Defined Terms.  Each capitalized term which is defined in the Credit Agreement, but which is not defined in this Sixth Amendment, shall have the meaning ascribed to such term in the Credit Agreement, as amended hereby.  Unless otherwise indicated, all section references in this Sixth Amendment refer to the Credit Agreement, as amended hereby.
Section 2.Sixth Amendment Effective Date Amendments to Credit Agreement.  In reliance on the representations, warranties, covenants and agreements contained in this Sixth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the Credit Agreement shall be amended effective as of the Sixth Amendment Effective Date in the manner provided in this Section 2.
2.1.    Amendment to the Preamble.  The preamble is hereby amended by deleting the reference to “(the “Borrower”)” therein.
2.2.    Amendments to Section 1.02.
(a)    The following definitions are hereby amended and restated as follows:
“Agreement” means this Credit Agreement, as amended by the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment and as the same may be further amended, modified, supplemented or restated from time to time.
“Change in Control” means the occurrence of any of the following:
(a)    Chesapeake shall cease to own, directly or indirectly, 100% of the Equity Interests of the Borrower;
(b)    any “person” or “group” (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such “person” or “group” and their respective subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), shall at any time have acquired direct or indirect “beneficial ownership” (as defined in Rules 13(d)-3 and 13(d)-5 under the Securities Exchange Act of 1934) of the outstanding common Equity Interests of Chesapeake having more than 35% of the aggregate ordinary voting power for the election of directors of Chesapeake; or
(c)    the occupation of a majority of the seats (other than vacant seats) on the board of directors of Chesapeake by individuals who were neither (1) nominated or approved by the board of directors of Chesapeake nor (2) appointed by directors so nominated.
(a)    The following definitions are hereby added where alphabetically appropriate to read as follows:
“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

Page 2

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.
“Borrower” means (a) prior to the Sixth Amendment Effective Date, WildHorse Corp. and (b) from and after the Sixth Amendment Effective Date, WildHorse LLC, as the sole successor by merger to WildHorse Corp.
“Chesapeake” means Chesapeake Energy Corporation, an Oklahoma corporation.
“Merger Sub” means Coleburn Inc., a Delaware corporation. 
“Sixth Amendment” means that certain Sixth Amendment to Credit Agreement, dated as of February 1, 2019, among WildHorse LLC (as successor to WildHorse Corp.), the Guarantors, the Administrative Agent and the Lenders party thereto.
“Sixth Amendment Effective Date” means February 1, 2019.
“WildHorse Co-Issuer” means Brazos Valley Longhorn Finance Corp., a Delaware corporation.
“WildHorse Corp.” means WildHorse Resource Development Corporation, a Delaware corporation.
“WildHorse Indenture” means that certain Indenture (as amended, restated, modified and supplemented from time to time) dated as of February 1, 2017, among WildHorse Corp., the guarantors party thereto and U.S. Bank National Association, as trustee; concurrently with the effectiveness of the WildHorse Mergers, WildHorse LLC and WildHorse Co-Issuer shall become co-issuers thereunder; provided that no amendment, restatement, modification or supplement, including the WildHorse Indenture Modification, shall result in the indebtedness under the WildHorse Indenture ceasing to be Permitted Senior Unsecured Notes.
“WildHorse Indenture Modification” means the supplementation of the WildHorse Indenture to delete therefrom (including by its amendment to read “intentionally omitted” or the like) its Section 4.03, together with such other Sections (if any) of the WildHorse Indenture specified therein.
“WildHorse LLC” means Brazos Valley Longhorn, L.L.C., a Delaware limited liability company.
“WildHorse Merger Agreement” means that certain Agreement and Plan of Merger (as amended, restated, modified and supplemented prior to the Sixth Amendment Effective Date) dated as of October 29, 2018, among Chesapeake, Merger Sub and WildHorse Corp.
“WildHorse Mergers” means, collectively, the merger of WildHorse Corp. into Merger Sub, with WildHorse Corp. as the sole survivor, and the merger of 

Page 3

WildHorse Corp. into WildHorse LLC, with WildHorse LLC as the sole survivor, in each case as contemplated by the WildHorse Merger Agreement.
“WildHorse Notes” means the 6.875% Senior Notes due 2025 issued pursuant to the WildHorse Indenture.
2.3.    Amendments to Section 7.21.  The parenthetical phrase in the first sentence of Section 7.21 is hereby amended to read in its entirety as follows:
(including, without limitation, financing Acquisitions and Investments, the purchase of WildHorse Notes (at such price as the Borrower may then deem appropriate) and Redeeming (in whole or in part) the then-outstanding WildHorse Notes, in each case to the extent permitted hereunder)
2.4.    Amendments to Section 9.04.  Section 9.04(b) is hereby amended by adding the following sentence to the end thereof:
Notwithstanding the foregoing, the Borrower may (x) offer to purchase WildHorse Notes (at such price as the Borrower may then deem appropriate), (y) purchase WildHorse Notes, and (z) Redeem (in whole or in part) the then-outstanding WildHorse Notes; provided in each case that (1) no Default or Event of Default then exists or results therefrom, (2) immediately after giving effect to such purchase or Redemption, Availability shall not be less than 10% of the total Commitments at such time and (3) the Leverage Ratio, on a pro forma basis, shall not be greater than 3.00 to 1.00 before and immediately after giving effect to such purchase or Redemption.
2.5.    Amendments to Section 9.11.  The proviso in Section 9.11 is hereby amended to read in its entirety as follows:
provided that so long as no Default has occurred and is continuing, or would result after giving effect thereto, (a) any Wholly-Owned Subsidiary of the Borrower may participate in a consolidation with any other Wholly-Owned Subsidiary of the Borrower, provided that if any such consolidation involves a Wholly-Owned Subsidiary that is a Guarantor and another Wholly-Owned Subsidiary that is not a Guarantor, the Wholly-Owned Subsidiary that is a Guarantor shall be the surviving Person, (b) the Borrower may participate in a consolidation with any Wholly-Owned Subsidiary of the Borrower so long as the Borrower is the surviving Person and (c) WildHorse Corp. may participate in the WildHorse Mergers.
2.6.    Amendments to Section 9.14.  Section 9.14 is hereby amended by:
(a)    amending clause (c) thereof to read in its entirety as follows:
[intentionally deleted];
(b)    amending clause (f) thereof to read in its entirety as follows:

Page 4

payments by the Borrower (or any direct or indirect parent thereof) and the Subsidiaries pursuant to tax sharing agreements among the Borrower (and any such parent) and the Subsidiaries on customary terms; but payments by Borrower and the Subsidiaries under any such tax sharing agreements shall not exceed the excess (if any) of the amount they would have paid as separate taxpayers (including, with respect to an entity taxed on a pass-through basis, as if it was a taxpaying entity) over the amount they actually pay directly to Governmental Authorities with respect to Taxes, and
2.7.    Amendments to Section 10.01.  Section 10.01 is hereby amended by (i) adding the word “or” to the end of clause (m), (ii) replacing the “; or” at the end of clause (n) with “.” and (iii) deleting clause (o).
Section 3.    Amendment Effective Upon WildHorse Indenture Modification.  Upon the WildHorse Indenture Modification, Section 8.01 shall be automatically, and without any further action by any party, amended to read as follows:
Section 8.01    Financial Statements; Other Information.  The Borrower will furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice):
(a)    Annual Financial Statements.  As soon as available and in any event on or before the date that is 95 days after the end of the Borrower’s fiscal year, the audited consolidated balance sheet of the Borrower and the Subsidiaries as at the end of such fiscal year and the related consolidated statements of operations, shareholders’ equity and cash flows for such fiscal year, setting forth comparative consolidated figures for the preceding fiscal years, all in reasonable detail and prepared in accordance with GAAP and certified by independent certified public accountants of recognized national standing whose opinion shall not be materially qualified with a “going concern” or like qualification or exception (other than with respect to, or resulting from, (i) the occurrence of the Maturity Date within one year from the date such opinion is delivered or (ii) any potential inability to satisfy the covenants of Section 9.01 on a future date or in a future period). 
(b)    Quarterly Financial Statements.  As soon as available and in any event on or before the date that is 60 days after the end of the first three quarterly accounting periods of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and the Subsidiaries as at the end of such quarterly period and the related consolidated statements of operations, shareholders’ equity and cash flows for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year, all of which shall be certified by a Financial Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows, of the Borrower and its Consolidated 

Page 5

Subsidiaries in accordance with GAAP, subject to changes resulting from audit and normal year-end audit adjustments and the absence of footnotes.
(c)    Other Information.  
(i)    Subject to any applicable limitations set forth in the Loan Documents, the Borrower will deliver to the Administrative Agent for filing, registration or recording all documents and instruments, including Uniform Commercial Code or other applicable personal property and financing statements reasonably requested by the Administrative Agent to be filed, registered or recorded to create or continue, as applicable, the Liens intended to be created by any Security Instrument and perfect such Liens to the extent required by, and with the priority required by, such Security Instrument to the Administrative Agent and none of the Collateral shall be subject to any other pledges, security interests or mortgages, except for Liens permitted under Section 9.03.
(ii)    Promptly following any request therefor, (1) such other information regarding the operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) or prospects of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may from time to time reasonably request in writing or (2) information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” requirements under the PATRIOT Act or other applicable anti-money laundering laws.
Documents required to be delivered pursuant to Sections 8.01(a), (b) and (c) may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet, (ii) on which such documents are transmitted by electronic mail to the Administrative Agent or (iii) on which such documents are filed of record with the SEC.  Each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of such documents from the Administrative Agent and maintaining its copies of such documents.
(d)    Officer’s Certificates.  At the time of the delivery of the financial statements provided for in Sections 8.01(a) and (b), a certificate of a Financial Officer of the Borrower to the effect that no Default or Event of Default exists or, if any Default or Event of Default does exist, specifying the nature and extent thereof, which certificate shall set forth the calculations required to establish whether the Borrower and the Subsidiaries were in compliance with the covenants of Section 9.01 as at the end of such fiscal year or period, as the case may.
(e)    Notice of Default; Litigation.  Promptly after a Financial Officer of the Borrower obtains actual knowledge thereof, notice of (f) the occurrence of any event that constitutes a Default or Event of Default, which notice 

Page 6

shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (g) any litigation or governmental proceeding pending against the Borrower or any Subsidiary for which it would reasonably be expected that an adverse determination is probable, and that such determination would result in a Material Adverse Effect.
(h)    Environmental Matters.  Promptly after a Financial Officer of the Borrower obtains written notice from any Governmental Authority of any one or more of the following environmental matters, unless such environmental matters would not, individually, or when aggregated with all other such matters, be reasonably expected to result in a Material Adverse Effect, notice of:
(i)    any condition or occurrence on any Oil and Gas Properties of any Loan Party that would reasonably be expected to result in noncompliance by any Loan Party with any applicable Environmental Law;
(ii)    any condition or occurrence on any Oil and Gas Properties that would reasonably be anticipated to cause such Oil and Gas Properties to be subject to any restrictions on the ownership, occupancy, use or transferability of such Oil and Gas Properties under any Environmental Law; and
(iii)    the conduct of any investigation, or any removal, remedial or other corrective action in response to the actual or alleged presence, release or threatened release of any Hazardous Material on, at, under or from any Oil and Gas Properties.
All such notices delivered under this Section 8.01(f) shall describe in reasonable detail the nature of the claim, investigation, condition, occurrence or removal or remedial action and the response thereto.
(i)    Change in Beneficial Ownership Certification.  The Borrower will promptly notify the Administrative Agent and each Lender of any change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of beneficial owners identified in such certification.
Section 4.    Limited Consent and Waiver of Section 8.01(o).  Subject to the satisfaction or waiver in writing of each of the conditions precedent set forth in Section 5 hereof and in reliance on the representations, warranties, covenants and agreements set forth in this Sixth Amendment, the Administrative Agent and Lenders hereby waive compliance with Section 8.01(o) resulting from the failure to notify the Administrative Agent at least 30 days before the change (i) in the Borrower’s name from WildHorse Resource Development Corporation to Brazos Valley Longhorn, L.L.C., (ii) of the location of the Borrower’s chief executive office to 6100 North Western Avenue, Oklahoma City, OK 73118, (iii) in the Borrower’s organizational structure from a Delaware corporation to a Delaware limited liability company, (iv) in the Borrower’s organizational number to 7239475, and (v) in the Borrower’s taxpayer identification number to 83-3294278.

Page 7

Section 5.    Conditions Precedent to Sixth Amendment Effective Date Amendments.  The effectiveness of the amendments set forth in Section 2 hereof is subject to the following:
5.1.    The Administrative Agent shall have received counterparts (in such number as may be requested by the Administrative Agent) of this Sixth Amendment duly executed by the Borrower, each Guarantor and the Majority Lenders.
5.2.    No Default or Borrowing Base Deficiency shall have occurred and be continuing as of the date hereof after giving effect to the terms of this Sixth Amendment.
5.3.    The Administrative Agent shall have received all fees and other amounts due and payable to the Administrative Agent or any Lender in connection with this Sixth Amendment, including consent fees for the account of each Lender that has delivered a duly executed counterpart of this Sixth Amendment to the Administrative Agent on or prior to the date hereof (each, a “Consenting Lender”) in an aggregate amount for each such Consenting Lender equal to 5 basis points (0.05%) of such Consenting Lender’s Elected Commitment as of the Sixth Amendment Effective Date.  
5.4.    The Administrative Agent shall have received such other documents as the Administrative Agent or its special counsel may reasonably require.  The Administrative Agent is hereby authorized and directed to declare this Sixth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 5 or the waiver of such conditions as permitted hereby.  Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.
5.5.    The Administrative Agent shall have received appropriate UCC search certificates and county-level real property record search results reflecting no prior Liens encumbering the Properties of Merger Sub and WildHorse LLC for each jurisdiction requested by the Administrative Agent; other than Liens permitted by Section 9.03.
5.6.    The Administrative Agent shall have received evidence that all UCC-1 financing statements and UCC-3 amendments to, and continuations of, financing statements in the appropriate jurisdiction or jurisdictions for each Loan Party that the Administrative Agent may deem reasonably necessary to comply with Section 8.14(d) shall have been provided for, and arrangements for the filing thereof in a manner reasonably satisfactory to the Administrative Agent shall have been made.  The Borrower acknowledges and agrees that any such financing statement may describe the collateral as “all assets” of Merger Sub, WildHorse LLC or any other Loan Party or words of similar effect as may be required by the Administrative Agent.
5.7.    The WildHorse Mergers shall have occurred or shall be occurring substantially contemporaneously herewith in accordance with the terms of the WildHorse Merger Agreement (with all of the material conditions precedent thereto having been satisfied in all material respects by the parties thereto), and the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying that the condition in this Section 5.7 has been satisfied.

Page 8

5.8.    The Administrative Agent shall have received a true, correct and complete copy of the WildHorse Merger Agreement as of the Sixth Amendment Effective Date, duly executed by the parties thereto.
5.9.    The Administrative Agent shall have received all documentation and other information (including Beneficial Ownership Certifications) about Merger Sub, WildHorse LLC or any other Loan Party as shall have been reasonably requested in writing by the Administrative Agent at least three Business Days before the Sixth Amendment Effective Date and as is mutually agreed to be required by U.S. regulatory authorities under applicable “know your customer”, beneficial ownership and anti-money laundering rules and regulations, and Beneficial Ownership Regulation, including the PATRIOT Act and if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in respect of the Borrower, in each case, that has been requested in writing by the Administrative Agent or any Lender at least one Business Day before the Sixth Amendment Effective Date.
5.10.    The Administrative Agent shall have received an opinion of Baker Botts L.L.P., as special counsel to WildHorse LLC and WildHorse Co-Issuer, including customary organization, due execution, no conflicts and enforceability opinions, in form and substance reasonably acceptable to the Administrative Agent.
5.11.    The Administrative Agent shall have received duly executed counterparts of the amendment to that certain Amended and Restated Credit Agreement (the “Chesapeake Credit Agreement”) dated as of September 12, 2018, among Chesapeake, MUFG Union Bank, N.A., as administrative agent, and the banks and other financial institutions party thereto, pursuant to which, among other things, WildHorse LLC shall be designated as an Unrestricted Subsidiary (as defined in the Chesapeake Credit Agreement).
5.12.    The Administrative Agent shall have received substantially contemporaneously herewith duly executed counterparts of (i) that certain Assumption Agreement dated as of the date hereof, by WildHorse Co-Issuer, in favor of the Administrative Agent and (ii) that certain Amendment No. 4 to Pledge and Security Agreement, dated as of the date hereof, by the Loan Parties.
Section 6.    Conditions Precedent to Amendment Effective Upon WildHorse Indenture Modification.  The effectiveness of the amendment set forth in Section 3 hereof is subject to the following:
6.1.    The conditions precedent set forth in Section 5 hereof shall have been satisfied as of the Sixth Amendment Effective Date.
6.2.    The WildHorse Indenture Modification shall have occurred.
6.3.    The Administrative Agent shall have received counterparts of the amendment, supplement or other written agreement providing for the WildHorse Indenture Modification, duly executed by the Borrower, each guarantor party thereto and U.S. Bank, National Association, as trustee.
Section 7.    Miscellaneous.

Page 9

7.1.    Confirmation and Effect.  The provisions of the Credit Agreement (as amended by this Sixth Amendment) shall remain in full force and effect in accordance with its terms following the Sixth Amendment Effective Date, and this Sixth Amendment shall not constitute a waiver of any provision of the Credit Agreement or any other Loan Document, except as expressly provided for herein.  Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.
7.2.    No Waiver.  Neither the execution by the Administrative Agent or the Lenders of this Sixth Amendment, nor any other act or omission by the Administrative Agent or the Lenders or their officers in connection herewith, shall be deemed a waiver by the Administrative Agent or the Lenders of any Defaults or Events of Default which may exist, which may have occurred prior to the date of the effectiveness of this Sixth Amendment or which may occur in the future under the Credit Agreement and/or the other Loan Documents, except as expressly provided in Section 4 hereof.  Similarly, nothing contained in this Sixth Amendment shall directly or indirectly in any way whatsoever either: (a) impair, prejudice or otherwise adversely affect the Administrative Agent’s or the Lenders’ right at any time to exercise any right, privilege or remedy in connection with the Loan Documents with respect to any Default or Event of Default, (b) except as expressly provided herein, waive, amend or alter any provision of the Credit Agreement, the other Loan Documents, or any other contract or instrument, or (c) constitute any course of dealing or other basis for altering any obligation of the Borrower or any right, privilege or remedy of the Administrative Agent or the Lenders under the Credit Agreement, the other Loan Documents, or any other contract or instrument. 
7.3.    Ratification and Affirmation of Loan Parties.  Each Loan Party hereby expressly (i) acknowledges the terms of this Sixth Amendment, (ii) ratifies and affirms its obligations under the Guaranty Agreement, the Security Agreement and the other Loan Documents to which it is a party, (iii) acknowledges, renews and extends its continued liability under the Guaranty Agreement, the Security Agreement and the other Loan Documents to which it is a party, (iv) agrees that its guarantee under the Guaranty Agreement and its pledge of collateral under the Security Agreement and any of its obligations under the other Loan Documents to which it is a party remain in full force and effect with respect to the Indebtedness as amended hereby, (v) represents and warrants to the Lenders and the Administrative Agent that each representation and warranty of such Person contained in the Credit Agreement (as amended by this Sixth Amendment) and the other Loan Documents to which it is a party is true and correct in all material respects as of the date hereof and after giving effect to this Sixth Amendment except (A) to the extent any such representations and warranties are expressly limited to an earlier date, in which case such representations and warranties shall continue to be true and correct as of such specified earlier date, and (B) to the extent that any such representation and warranty is expressly qualified by reference to materiality, a Material Adverse Effect or similar qualification, in which case such representations and warranties shall be true and correct in all respects, (vi) represents and warrants to the Lenders and the Administrative Agent that the execution, delivery and performance by such Person of this Sixth Amendment are within such Person’s corporate, limited partnership or limited liability company powers (as applicable), have been duly authorized by all necessary action and that this Sixth Amendment constitutes the valid and binding obligation of such Person enforceable in accordance 

Page 10

with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, and (vii) represents and warrants to the Lenders and the Administrative Agent that, after giving effect to this Sixth Amendment, no Default or Event of Default exists.
7.4.    Counterparts.  This Sixth Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Sixth Amendment by facsimile or other electronic transmission (e.g., .pdf) shall be effective as delivery of a manually executed counterpart of this Sixth Amendment.
7.5.    No Oral Agreement.  This written Sixth Amendment, the Credit Agreement and the other Loan Documents executed in connection herewith and therewith represent the final agreement between the parties hereto and thereto and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties.  There are no unwritten oral agreements between the parties.
7.6.    Governing Law.  This Sixth Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.
7.7.    Payment of Expenses.  The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Sixth Amendment in accordance with Section 12.03.
7.8.    Severability.  Any provision of this Sixth Amendment or any other Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
7.9.    Successors and Assigns.  This Sixth Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns (in each case, as permitted by Section 12.04).
7.10.    Loan Document.  This Sixth Amendment shall constitute a “Loan Document” under and as defined in Section 1.02.
[Signature Pages Follow]

Page 11

The parties hereto have caused this Sixth Amendment to be duly executed as of the day and year first above written.
	
				
	 
	 
	 
	 

	BORROWER:
	BRAZOS VALLEY LONGHORN, L.L.C., a Delaware limited liability company and successor by merger to WildHorse Resource Development Corporation, a Delaware corporation

	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

GUARANTORS:
WILDHORSE RESOURCES II, LLC, a Delaware limited liability company
By:  Brazos Valley Longhorn, L.L.C., its sole member
ESQUISTO RESOURCES II, LLC, a Texas limited liability company
By:  Brazos Valley Longhorn, L.L.C., its sole member
WHE ACQCO., LLC, a Delaware limited liability company
By:  Brazos Valley Longhorn, L.L.C., its sole member
WHR EAGLE FORD LLC, a Delaware limited liability company
By:  Brazos Valley Longhorn, L.L.C., its sole member
BURLESON SAND LLC, a Delaware limited liability company
By:  Brazos Valley Longhorn, L.L.C., its sole member
WHCC INFRASTRUCTURE LLC, a Delaware limited liability company
By:  Brazos Valley Longhorn, L.L.C., its sole member
	
				
	 
	 
	 
	 

	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	WILDHORSE RESOURCES MANAGEMENT COMPANY, LLC, a Delaware limited liability company

	 
	By:  WildHorse Resources II, LLC, its 
sole member,
By:  Brazos Valley Longhorn, L.L.C., its sole 
member

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

	
				
	 
	 
	 
	 

	PETROMAX E&P BURLESON, LLC, a Texas limited liability company

	 
	By:  Esquisto Resources II, LLC, its sole 
member,
By:  Brazos Valley Longhorn, L.L.C., its sole 
member

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

	
				
	 
	 
	 
	 

	BURLESON WATER RESOURCES, LLC, a Texas limited liability company

	 
	By: Esquisto Resources II, LLC, its sole member,
By:  Brazos Valley Longhorn, L.L.C., its sole member

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	BRAZOS VALLEY LONGHORN FINANCE CORP., a Delaware corporation

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Erik S. Fares

	 
	Name:
	 
	Erik S. Fares

	 
	Title:
	 
	Vice President and Treasurer

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

ADMINISTRATIVE AGENT AND LENDERS:
	
				
	 
	 
	 
	 

	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Michael Real

	 
	Name:
	 
	Michael Real

	 
	Title:
	 
	Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	BMO HARRIS BANK N.A., as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Gumaro Tijerina

	 
	Name:
	 
	Gumaro Tinerina

	 
	Title:
	 
	Managing Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	BANK OF AMERICA, N.A., as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Raza Jafferi

	 
	Name:
	 
	Raza Jafferi

	 
	Title:
	 
	Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	BARCLAYS BANK PLC, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Sydney G. Dennis

	 
	Name:
	 
	Sydney G. Dennis

	 
	Title:
	 
	Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	CITIBANK, N.A., as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Jeff Ard

	 
	Name:
	 
	Jeff Ard

	 
	Title:
	 
	Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	COMERICA BANK, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Britney P. Geidel

	 
	Name:
	 
	Britney P. Geidel

	 
	Title:
	 
	Portfolio Manager

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	BOKF, NA DBA BANK OF TEXAS, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Martin W. Wilson

	 
	Name:
	 
	Martin W. Wilson

	 
	Title:
	 
	Senior Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

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

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Jo Linda Papadakis

	 
	Name:
	 
	Jo Linda Papadakis

	 
	Title:
	 
	Authorized Officer

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	COMPASS BANK, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Kathleen J. Bowen

	 
	Name:
	 
	Kathleen J. Bowen

	 
	Title:
	 
	Managing Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Trudy Nelson

	 
	Name:
	 
	Trudy Nelson

	 
	Title:
	 
	Authorized Signatory

	 
	 
	 
	 

	 
	By:
	 
	/s/ Donovan C. Broussard

	 
	Name:
	 
	Donovan C. Broussard

	 
	Title:
	 
	Authorized Signatory

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	FIFTH THIRD BANK, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Justin Bellamy

	 
	Name:
	 
	Justin Bellamy

	 
	Title:
	 
	Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	U.S. BANK NATIONAL ASSOCIATION, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ John C. Lozano

	 
	Name:
	 
	John C. Lozano

	 
	Title:
	 
	Senior Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	ABN AMRO CAPITAL USA LLC, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Darrell Holley

	 
	Name:
	 
	Darrell Holley

	 
	Title:
	 
	Managing Director

	 
	 
	 
	 

	 
	By:
	 
	/s Scott Myatt

	 
	Name:
	 
	Scott Myatt

	 
	Title:
	 
	Executive Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	PNC BANK, NATIONAL ASSOCIATION, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Sandra Salazar

	 
	Name:
	 
	Sandra Salazar

	 
	Title:
	 
	Managing Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	BRANCH BANKING AND TRUST COMPANY, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ James Giordano

	 
	Name:
	 
	James Giordano

	 
	Title:
	 
	Senior Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	REGIONS BANK, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Miles Matter

	 
	Name:
	 
	Miles Matter

	 
	Title:
	 
	Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	THE HUNTINGTON NATIONAL BANK, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s Jason A. Zilewicz

	 
	Name:
	 
	Jason A. Zilewicz

	 
	Title:
	 
	Director

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	CATHAY BANK, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s Stephen V. Bacala II

	 
	Name:
	 
	Stephen V. Bacala II

	 
	Title:
	 
	Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	GOLDMAN SACHS BANK USA, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Mahesh Mohan

	 
	Name:
	 
	Mahesh Mohan

	 
	Title:
	 
	Authorized Signatory

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation 

	
				
	 
	 
	 
	 

	 
	NATIXIS, NEW YORK BRANCH, as a Lender

	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Vikram Nath

	 
	Name:
	 
	Vikram Nath

	 
	Title:
	 
	Director

	 
	 
	 
	 

	 
	By:
	 
	/s Brian O'Keefe

	 
	Name:
	 
	Brian 'Keefe

	 
	Title:
	 
	Vice President

Signature Page to Sixth Amendment to Credit Agreement 
WildHorse Resource Development Corporation

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]