Document:

Exhibit
4.1

 

Execution Version

 

AMENDMENT NO. 7

 

This Amendment No. 7 (“Amendment”)
dated as of June 30, 2009 (“Effective Date”) is among Edge
Petroleum Corporation, a Delaware corporation (“Borrower”), the Lenders
(as defined below), and Union Bank of California, N.A., as administrative agent
for such Lenders (in such capacity, the “Administrative Agent”) and as
issuing lender (in such capacity, the “Issuing Lender”).

 

RECITALS

 

A.            The Borrower, the financial institutions party thereto
from time to time (the “Lenders”), the Issuing Lender and the
Administrative Agent, are parties to that certain Fourth Amended and Restated
Credit Agreement dated as of January 31, 2007, as amended by the Amendment
No. 1 dated as of July 11, 2007, the Amendment No. 2 dated as of
December 10, 2007, the Amendment No. 3 and Agreement dated as of May 8,
2008, the Consent and Amendment No. 4 dated as of March 16, 2009, the
Amendment No. 5 dated as of May 15, 2009 and the Amendment No. 6
dated as of May 29, 2009 (as so amended and as the same may be further
amended, modified or supplemented from time to time, the “Credit Agreement”).

 

B.            Subject to the terms and conditions of this Amendment,
the Borrower, the Administrative Agent, the Issuing Lender and the Lenders wish
to make certain amendments to the Credit Agreement.

 

THEREFORE, the Borrower, the
Guarantors, the Administrative Agent, the Issuing Lender and the Lenders hereby
agree as follows:

 

Section 1.              Defined
Terms.  As used in
this Amendment, each of the terms defined in the opening paragraph and the
Recitals above shall have the meanings assigned to such terms therein.  Each term defined in the Credit Agreement and
used herein without definition shall have the meaning assigned to such term in
the Credit Agreement, unless expressly provided to the contrary herein.

 

Section 2.              Other
Definitional Provisions. Article, Section, Schedule,
and Exhibit references are to Articles and Sections of and Schedules and
Exhibits to this Amendment, unless otherwise specified.  All references to instruments, documents,
contracts, and agreements are references to such instruments, documents,
contracts, and agreements as the same may be amended, supplemented, and
otherwise modified from time to time, unless otherwise specified.  The words “hereof”, “herein”, and “hereunder”
and words of similar import when used in this Amendment shall refer to this
Amendment as a whole and not to any particular provision of this
Amendment.  The term “including” means “including,
without limitation”.  Paragraph headings
have been inserted in this Amendment as a matter of convenience for reference
only and it is agreed that such paragraph headings are not a part of this
Amendment and shall not be used in the interpretation of any provision of this
Amendment.

 

Section 3.              Amendment
to the Credit Agreement.

 

(a)           Section 1.01 is
hereby amended by deleting the definition of “Maturity Date” in its entirety
and replacing it with the following:

 

“Maturity
Date” means July 31, 2009.

 

Section 4.              Certain
Payments.

 

(a)           The Borrower hereby
agrees to pay, or before June 30, 2009, an amount equal to $1,142,753.42,
which amount represents a prepayment of the amount anticipated to be owing in
respect of that certain interest payment that is due and payable on July 31,
2009.  Such prepayment shall be made to 

 

 

the Administrative Agent for the benefit of
the Lenders in immediately available funds and shall otherwise be made in
accordance with the terms of the Credit Agreement.  Failure to pay such prepayment shall
constitute an Event of Default under the Credit Agreement.

 

(b)           The Borrower hereby
agrees to make a prepayment of the Advances, on or before July 10, 2009,
in an aggregate principal amount equal to $7,500,000.  Such prepayment shall be made to the
Administrative Agent for the benefit of the Lenders in immediately available
funds.  Failure to pay such prepayment
shall constitute an Event of Default under the Credit Agreement.

 

Section 5.              Borrower Representations and Warranties.  The Borrower represents and warrants that: (a) after
giving effect to this Amendment, the representations and warranties contained
in the Credit Agreement, and the representations and warranties contained in
the other Loan Documents, are true and correct in all material respects on and
as of the date of this Amendment as if made on as and as of such date, except
to the extent that any such representation or warranty expressly relates solely
to an earlier date, in which case such representation or warranty is true and
correct in all material respects as of such earlier date; (b) after giving
effect to this Amendment, no Default or Event of Default has occurred and is
continuing; (c) the execution, delivery and performance of this Amendment
are within the corporate power and authority of the Borrower and have been duly
authorized by appropriate corporate and governing action and proceedings; (d) this
Amendment constitutes the legal, valid, and binding obligation of the Borrower
enforceable in accordance with its terms, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
the rights of creditors generally and general principles of equity; (e) there
are no governmental or other third party consents, licenses and approvals
required in connection with the execution, delivery, performance, validity and
enforceability of this Amendment; and (f) the Liens under the Security
Documents are valid and subsisting and secure the Borrower’s obligations under
the Loan Documents.

 

Section 6.              Reaffirmation
of Guaranty.  Each
Guarantor hereby ratifies, confirms, and acknowledges that its obligations
under the Guaranty Agreement are in full force and effect and that each
Guarantor continues to unconditionally and irrevocably, jointly and severally,
guarantee the full and punctual payment, when due, whether at stated maturity
or earlier by acceleration or otherwise, all of the Obligations (subject to the
terms of the Guaranty Agreement), as such Obligations may have been amended by
this Amendment.  Each Guarantor hereby
acknowledges that its execution and delivery of this Amendment does not
indicate or establish an approval or consent requirement by the Guarantors
under the Guaranty Agreement in connection with the execution and delivery of
amendments, modifications or waivers  to
the Credit Agreement, the Notes or any of the other Loan Documents.

 

Section 7.              Conditions to Effectiveness.  This Amendment shall become
effective as of the Effective Date and shall be enforceable against the parties
hereto upon the occurrence of the following conditions precedent:

 

(a)           The Administrative
Agent shall have received multiple original counterparts, as requested by the
Administrative Agent, of this Amendment duly and validly executed and delivered
by duly authorized officers of the Borrower, the Administrative Agent and the
Lenders.

 

(b)           No Default or
Event of Default shall have occurred and be continuing as of the Effective
Date.

 

(c)           The representations
and warranties in this Amendment shall be true and correct in all material
respects.

 

2

 

(d)           The Borrower shall
have paid all costs and expenses for which the Borrower has received invoices
on or prior to the date hereof and which are payable pursuant to Section 9.03
of the Credit Agreement.

 

Section 8.              Acknowledgments
and Agreements.

 

(a)           The Borrower
acknowledges that on the date hereof all Obligations are payable without
defense, offset, counterclaim or recoupment.

 

(b)           The Lenders hereby
expressly reserve all of their rights, remedies, and claims under the Loan
Documents.

 

(c)           Each of the
Borrower, the Administrative Agent, the Issuing Lender and the Lenders does
hereby adopt, ratify, and confirm the Credit Agreement and acknowledges and
agrees that the Credit Agreement is and remains in full force and effect, and
the Borrower acknowledges and agrees that its liabilities and obligations under
the Credit Agreement are not impaired in any respect by this Amendment.

 

(d)           From and after the
date hereof, all references to the Credit Agreement and the Loan Documents
shall mean such Credit Agreement and such Loan Documents as modified by this
Amendment.

 

(e)           This Amendment is a
Loan Document for the purposes of the provisions of the other Loan
Documents.  Without limiting the
foregoing, any breach of representations, warranties, and covenants under this
Amendment shall be a Default or Event of Default, as applicable, under the
Credit Agreement.

 

(f)            EACH OF THE
BORROWER AND ITS SUBSIDIARIES AND THE GUARANTORS (FOR THEMSELVES AND THEIR
RESPECTIVE SUCCESSORS, AGENTS, ASSIGNS, TRANSFEREES, OFFICERS, DIRECTORS,
EMPLOYEES, SHAREHOLDERS, ATTORNEYS AND AGENTS) HEREBY RELEASES ANY AND ALL
CLAIMS, CAUSES OF ACTION OR OTHER DISPUTES IT MAY HAVE AGAINST THE
ADMINISTRATIVE AGENT, ANY OF THE LENDERS, LEGAL COUNSEL TO THE ADMINISTRATIVE
AGENT OR ANY OF THE LENDERS, CONSULTANTS HIRED BY ANY OF THE FOREGOING, OR ANY
OF THEIR RESPECTIVE AFFILIATES, SUBSIDIARIES, SHAREHOLDERS, AGENTS, DIRECTORS,
OFFICERS, EMPLOYEES, REPRESENTATIVES, SUCCESSORS OR ASSIGNS OF ANY KIND OR
NATURE ARISING OUT OF, RELATED TO, OR IN ANY WAY CONNECTED WITH, THE CREDIT
AGREEMENT OR THE LOAN DOCUMENTS, IN EACH CASE WHICH MAY HAVE ARISEN ON OR
BEFORE THE DATE OF THIS AMENDMENT.  EACH
OF THE BORROWER AND ITS SUBSIDIARIES HEREBY ACKNOWLEDGES THAT IT HAS READ THIS
AMENDMENT AND HAS CONFERRED WITH ITS COUNSEL AND ADVISORS REGARDING ITS
CONTENT, INCLUDING THIS PARAGRAPH 7(f), AND IS FREELY AND VOLUNTARILY ENTERING
INTO THIS AMENDMENT, AND HEREBY AGREES TO WAIVE ANY CLAIM THAT THE TERMS OF
THIS AMENDMENT (INCLUDING, WITHOUT LIMITATION, THE RELEASES CONTAINED HEREIN)
ARE INVALID OR OTHERWISE UNENFORCEABLE.

 

Section 9.              Counterparts.  This Amendment may be signed in any number of
counterparts, each of which shall be an original and all of which, taken together,
constitute a single instrument.  This
Amendment may be executed by facsimile signature and all such signatures shall
be effective as originals.

 

3

 

Section 10.            Successors
and Assigns.  This
Amendment shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted pursuant to the Credit
Agreement.

 

Section 11.            Invalidity.  In the event that any one or more of the
provisions contained in this Amendment shall for any reason be held invalid,
illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Amendment.

 

Section 12.            Governing
Law.  This Amendment shall be deemed
to be a contract made under and shall be governed by, and construed and
enforced in accordance with, the laws of the State of Texas.

 

Section 13.            Entire
Agreement.  This Amendment,
the Credit Agreement, the Notes and the other Loan Documents constitute the
entire understanding among the parties hereto with respect to the subject
matter hereof and supersede any prior agreements, written or oral, with respect
thereto.

 

THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES.

 

[Signatures begin on the next page]

 

4

 

EXECUTED
effective as of the date first above written.

 

 

	
  BORROWER:

  	
  EDGE
  PETROLEUM CORPORATION,

  
	
   

  	
  a
  Delaware Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gary Pittman

  
	
   

  	
  Name:

  	
  Gary
  Pittman

  
	
   

  	
  Title:

  	
  Executive
  V.P. and C.F.O.

  

 

 

	
  GUARANTORS:

  	
  EDGE
  PETROLEUM EXPLORATION COMPANY

  
	
   

  	
   

  
	
   

  	
  EDGE
  PETROLEUM OPERATING  COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
  EDGE
  PETROLEUM PRODUCTION COMPANY

  
	
   

  	
   

  
	
   

  	
  MILLER
  EXPLORATION COMPANY

  
	
   

  	
   

  
	
   

  	
  MILLER
  OIL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gary Pittman

  
	
   

  	
  Name:

  	
  Gary
  Pittman

  
	
   

  	
  Title:

  	
  Executive
  V.P. and C.F.O.

  

 

 

	
  ADMINISTRATIVE AGENT/

  	
   

  
	
  ISSUING LENDER/LENDER:

  	
  UNION
  BANK OF CALIFORNIA, N.A.,

  
	
   

  	
  as
  Administrative Agent, Issuing Lender

  
	
   

  	
  and
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  M. DUNCAN McDUFFIE

  
	
   

  	
  Name:

  	
  M.
  DUNCAN McDUFFIE

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

	
  LENDERS:

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

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  KEITH WINZENRIED

  
	
   

  	
  Name:

  	
  KEITH
  WINZENRIED

  
	
   

  	
  Title:

  	
  EXECUTIVE
  DIRECTOR

  

 

 

	
   

  	
  SUNTRUST
  BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Katherine Bass

  
	
   

  	
  Name:

  	
  Katherine Bass

  
	
   

  	
  Title:

  	
  First
  Vice President

  

 

 

	
   

  	
  MIZUHO
  CORPORATE BANK, LTD., as a

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  H. Take

  
	
   

  	
  Name:

  	
  Hidekatsu
  Take

  
	
   

  	
  Title:

  	
  Deputy
  General Manager

  

 

 

	
   

  	
  BNP
  PARIBAS, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Amy Kirschner

  
	
   

  	
  Name:

  	
  AMY
  KIRSCHNER

  
	
   

  	
  Title:

  	
  Managing
  Director

  

 

 

	
   

  	
  FORTIS
  CAPITAL CORP., as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  David Montgomery

  
	
   

  	
  Name:

  	
  David
  Montgomery

  
	
   

  	
  Title:

  	
  Director

  

 

	
   

  	
  By:

  	
  /s/
  Ilene Fowler

  
	
   

  	
  Name:

  	
  Ilene
  Fowler

  
	
   

  	
  Title:

  	
  Director

  

 

 

 

	
   

  	
  THE
  FROST NATIONAL BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Larry D. Sprouse

  
	
   

  	
  Name:

  	
  Larry
  D. Sprouse

  
	
   

  	
  Title:

  	
  Sr.
  E.V.P.

  

 

 

	
   

  	
  COMPASS
  BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Dorothy Marchand

  
	
   

  	
  Name:

  	
  Dorothy
  Marchand

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

 

	
   

  	
  U.S.
  BANK NATIONAL ASSOCIATION,

  
	
   

  	
  as
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Timothy Hill

  
	
   

  	
  Name:

  	
  Timothy
  Hill

  
	
   

  	
  Title:

  	
  Officer

  

 

 

	
   

  	
  BANK
  OF SCOTLAND  plc, as a
  Lender 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Julia R Franklin

  
	
   

  	
  Name:

  	
  Julia
  R Franklin

  
	
   

  	
  Title:

  	
  Assistant
  Vice PresidentExhibit 10.1

 

JBH RECEIVABLES LLC

 

CONSENT OF THE

MEMBER AND MANAGERS

 

WHEREAS,
JBH Receivables LLC, a Delaware limited liability company (the “Company”), was
formed for the sole purpose of implementing a trade receivables securitization
facility on behalf of J.B. Hunt Transport, Inc. (“Transport”) and its
parent corporation, J.B. Hunt Transport Services, Inc. (“Services”); and

 

WHEREAS,
Transport and Services have terminated the trade receivables securitization
facility and no obligations remain outstanding thereunder; and

 

WHEREAS,
Transport, as the sole member of the Company, and the Managers of the Company
now desire to dissolve the Company;

 

NOW,
THEREFORE, the undersigned, being the sole member of the Company and all of the
Managers of the Company, hereby consent to the following:

 

1.             The Company is
hereby dissolved pursuant to Delaware Limited Liability Company Act
§ 18-801(a)(3).

 

2.             The officers of
the Company, Kirk Thompson, President and Chief Executive Officer; David
Chelette, Secretary/Treasurer; and Mindy Riddle, Assistant Secretary (each, an “Officer”
and, collectively, the “Officers”), are hereby authorized and directed to:

 

a.             wind up the affairs of the
Company in compliance with the Delaware Limited Liability Company Act and the
provisions of Section 6.2 of the Company’s Limited Liability Company
Agreement;

 

b.             complete, execute and
deliver, for and on behalf of JBH, such agreements and other documents as shall
be necessary or desirable in connection with the termination of the trade
receivables securitization facility in which JBH has previously participated;
and

 

c.             complete, execute and
deliver, for and on behalf of JBH, a Certificate of Cancellation and such other
instruments as shall be necessary or desirable to file with the Delaware Secretary
of State in connection with the dissolution of JBH, and to pay any prescribed
filing fees in connection with such filings;

 

and,
in connection therewith, to do or take, or cause to be done or taken, all other
acts and actions required or necessary in the judgment of the Officer so
acting.

 

3.             The actions of
the Company and its Officers previously taken in connection with the
termination of the trade receivables securitization facility and the
dissolution of the Company are hereby approved, ratified and confirmed.

 

IN
WITNESS WHEREOF, the undersigned have executed this Consent in writing as of
this 29th day of June, 2009.

 

 

	
   

  	
  J.B. HUNT TRANSPORT, INC., as sole
  member of JBH

  Receivables LLC, by its Directors

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
    Kirk Thompson

  
	
   

  	
   

  	
  Kirk
  Thompson, Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
    Jerry Walton

  
	
   

  	
   

  	
  Jerry
  Walton, Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
    Paul Bergant

  
	
   

  	
   

  	
  Paul
  Bergant, Director

  
	
   

  	
   

  	
   

  
	
   

  	
  MANAGERS
  OF JBH RECEIVABLES LLC:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/
  

  	
  Kirk
  Thompson

  
	
   

  	
  Kirk
  Thompson, Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  

  	
  Jerry
  Walton

  
	
   

  	
  Jerry
  Walton, Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  

  	
  David
  Chelette

  
	
   

  	
  David
  Chelette, Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  

  	
  Thomas
  Strauss

  
	
   

  	
  Thomas
  Strauss, Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/

  	
  Mindy
  Riddle

  
	
   

  	
  Mindy
  Riddle, Manager

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