Document:

form8k090111ex10-2.htm

 

SERVICE AGREEMENT

THIS AGREEMENT dated for reference the 1st day of September, 2011

BETWEEN:                           Manny Dhinsa

8275 S. Eastern Ave., Suite 200

Las Vegas, NV  89123

(the “Service Provider”)

AND:                                     Buckeye Oil & Gas, Inc.

8275 S. Eastern Ave., Suite 200

Las Vegas, NV  89123

(the “Company”)

WHEREAS:

	
A.  

	
The Company is a U.S. corporation in the business of oil and gas exploration; and

	
B.  

	
The Company desires to acquire and develop oil and gas resource properties; and

	
C.  

	
The Company desires to retain the services of the Service Provider in the capacity pursuant to the terms hereof; and

	
D.  

	
The Service Provider is currently the Secretary and a Director of the Company and is an individual providing professional services including geology and exploration property evaluation.

THIS AGREEMENT WITNESSES THAT in consideration of the premises and mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged by each party, the parties agree as follows:

	
1.  

	
ENGAGEMENT AND DURATION:  The Company hereby engages the Service Provider to provide the services referred to in Section 3 hereof for the consideration hereinafter set forth and the Service Provider hereby accepts such engagement by the Company, all upon and subject to the terms and conditions of this Agreement.

	
2.  

	
TERM:  The Service Provider’s engagement shall be for an initial term of one year.  The agreement shall be renewable in writing on an annual basis.  The agreement may be terminated by either party with 30 days written notice.

No severance or termination benefits are payable under this Agreement.  Nothing herein shall prevent the Service Provider from offering or performing consulting services to other individuals, businesses, or entities.

	
3.  

	
DUTIES:  The Service Provider will utilize his expertise to:

	
(a)  

	
Identify, assess and assist in the Company’s acquisition of certain exploration style properties that fit the parameters of the Company’s business plan; and

	
(b)  

	
Plan and oversee the Company’s partnerships and exploration programs as required.

  

  

  

	
4.  

	
COMPENSATION:

4.1 Compensation:  The Company will:

	
·  

	
Continue to pay the Service Provider CDN $500 per month to serve on its Board of Directors; and

	
·  

	
Pay the Service Provider an hourly rate of CDN $100 for the services provided by the Service Provider; and

	
·  

	
Reimburse the Service Provider for all reasonable expenses incurred by the Service Provider on behalf of the Company.

	
4.2  

	
Payment Terms

	
(a)  

	
The Company will pay the Service Provided in advance on a quarterly basis for services provided as a Director of the Company; and

	
(b)  

	
The Company will pay the service provider at the end of each month based on an invoice supplied to the Company by the Service Provider for hours worked on behalf of the Company.

4.3 Monthly Reports

(a) The Service Provider will supply the Company with a monthly report that is to summarize the activities undertaken on behalf of the Company during the month.

	
  

	
5.

	
CONFIDENTIALITY AND NON-DISCLOSURE:

The Service Provider agrees on behalf of himself that any information provided to him by the Company of a confidential nature will not be revealed or disclosed to any person or entity, except in the performance of this Agreement or as directed by legal or regulatory authority, without the express written consent of the Company while this Agreement is in effect.

	
  

	
6.

	
WAIVER:

	
No consent or waiver, express or implied, by any party to this Agreement of any breach or default by the other party in the performance of its obligations under this Agreement or of any of the terms, covenants or conditions of this Agreement shall be deemed or construed to be a consent or waiver of any subsequent or continuing breach or default in such party’s performance or in the terms, covenants and conditions of this Agreement. The failure of any party to this Agreement to assert any claim in a timely fashion for any of its rights or remedies under this Agreement shall not be construed as a waiver of any such claim and shall not serve to modify, alter or restrict any such party’s right to assert such claim at any time thereafter.

	
  

	
7.

	
NOTICES:

	
Any notice relating to this Agreement or required or permitted to be given in accordance with this Agreement shall be in writing and shall be personally delivered or delivered by courier to the address of the parties set out on the first page of this Agreement. Any notice shall be deemed to have been received when delivered. Each party to this Agreement may change its address by giving written notice of such change in this manner provided for above.

	
8.

	
APPLICABLE LAW:

	
This Agreement shall be governed by and construed in accordance with the laws of the state of Florida and the federal laws of the United States applicable therein, which shall be deemed to be the proper law hereof. The parties hereto hereby submit to the jurisdiction of the courts of Florida.

  

  

  

	
9.

	
SEVERABILITY:

	
If any provision of this Agreement for any reason by declared invalid, such declaration shall not effect the validity of any remaining portion of the Agreement, which remaining portion remain in full force and effect as if this Agreement had been executed with the invalid portion thereof eliminated and is hereby declared the intention of the parties that they would have executed the remaining portions of this Agreement without including therein any such part, parts or portion which may, for any reason, be hereafter declared invalid.

	
10.

	
ENTIRE AGREEMENT:

	
This Agreement, hereto constitutes the entire agreement between the parties hereto and there are no representations or warranties, express or implied, statutory or otherwise other than set forth in this Agreement and there are no agreements collateral hereto other than as are expressly set forth or referred to herein. This Agreement cannot be amended or supplemented except by a written agreement executed by both parties hereto.

	
11.

	
INTERPRETATION:

	
Any reference to gender includes all genders, and the singular includes the plural and the body corporate. No provision of this Agreement shall be construed against any party by virtue of that party having drafted and prepared this Agreement; it being acknowledged and agreed that both parties participated in the negotiation, drafting and preparation of this Agreement. All headings are inserted for reference only.

	
12.

	
COUNTERPARTS:

	
This Agreement may be executed in counterparts together shall constitute one and the same instrument.

IN WITNESS WHEREOF the Parties have duly executed this Agreement as of the date

	
  

	
set out on the first page of this Agreement.

Service Provider

/s/ Manny Dhinsa

Manny Dhinsa

Buckeye Oil & Gas, Inc.

/s/ Pol Brisset

Pol Brisset

President and CEOexhibit.htm

EXHIBIT 10.1

 

SIXTH AMENDMENT TO CREDIT AGREEMENT

 

This Sixth Amendment to Credit Agreement (this “Sixth Amendment”) is entered into as of September 1, 2011, by and among Denbury Resources Inc., a Delaware corporation (“Borrower”), JPMorgan Chase Bank, N.A., as Administrative Agent (“Administrative Agent”), and the financial institutions parties hereto as Banks (collectively, “Banks”, and each individually, a “Bank”).

 

W I T N E S S E T H

 

 WHEREAS, Borrower, Administrative Agent, the other agents party thereto and Banks are parties to that certain Credit Agreement dated as of March 9, 2010 (as amended, the “Credit Agreement”) (unless otherwise defined herein, all terms used herein with their initial letter capitalized shall have the meaning given such terms in the Credit Agreement, including, to the extent applicable, after giving effect to the amendments set forth in Section 1 of this Sixth Amendment);

 

 WHEREAS, pursuant to the Credit Agreement, Banks have made a Revolving Loan to Borrower and provided certain other credit accommodations to Borrower;

 

WHEREAS, Borrower has requested that the Credit Agreement be amended to allow for Borrower to declare and pay cash dividends to its Equity holders and to repurchase Borrower’s issued and outstanding common stock, in a combined aggregate amount not to exceed $500,000,000. 

 

 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, Borrower, Administrative Agent and Banks hereby agree as follows:

 

Section 1. Sixth Amendment Effective Date Amendments.  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 2 hereof, the Credit Agreement shall be amended effective as of the Sixth Amendment Effective Date (defined below) in the manner provided in this Section 1.

 

1.1 Additional Definition.  Section 1.1 of the Credit Agreement shall be amended to add thereto in alphabetical order the following definition of “Sixth Amendment” which shall read in full as follows:

 

“Sixth Amendment” means that certain Sixth Amendment to Credit Agreement dated as of September 1, 2011 among Borrower, Administrative Agent and Banks party thereto.

 

1.2 Amendment to Definition.  The definition of “Loan Papers” contained in Section 1.1 of the Credit Agreement shall be amended and restated in its entirety to read in full as follows:

 

“Loan Papers” means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Notes, each Facility Guarantee which may now or hereafter be executed, each Borrower Pledge Agreement which may now or hereafter be executed, each Subsidiary Pledge Agreement which may now or hereafter be executed, all Mortgages now or at any time hereafter delivered pursuant to Section 5.1, and all other certificates, documents, or instruments delivered in connection with this Agreement, as the foregoing may be amended from time to time.

  

- 1 -

  

 

1.3 Amendment to Section 9.2 of the Credit Agreement.  Section 9.2 of the Credit Agreement shall be amended to delete the reference to “and” at the end of clause (h) of Section 9.2, replace the “.” at the end of clause (i) of Section 9.2 with a “; and”, and to add new clause (j) at the end of Section 9.2 to read in full as follows:

 

“(j)           So long as no Default or Borrowing Base Deficiency exists on the date any such Distribution is declared or paid and no Default or Event of Default would result therefrom, Borrower may make Distributions to Borrower’s Equity holders, including, without limitation, to repurchase Borrower’s issued and outstanding common stock and to make cash dividends with respect thereto, in an aggregate amount not to exceed $500,000,000 during the term of this Agreement; provided that prior to and after giving effect to any such Distribution, (i) Availability shall not be less than 25% of the then effective Borrowing Base and (ii) the Borrower shall be in pro forma compliance with the financial covenants contained in Section 10.1 and Section 10.2, in each case calculated on a pro forma basis after giving effect to such Distribution and in a manner acceptable to Administrative Agent as if such financial covenants were calculated on the date of such Distribution.”

 

Section 2. Conditions Precedent to Sixth Amendment Effective Date Amendments.  The amendments contained in Section 1 hereof shall be effective on the date that each of the following conditions precedent is satisfied (the “Sixth Amendment Effective Date”):

 

2.1 Counterparts.  Administrative Agent shall have received counterparts hereof duly executed by Borrower and the Majority Banks and acknowledged by each Restricted Subsidiary (or, in the case of any party as to which an executed counterpart shall not have been received, telegraphic, telecopy, or other written confirmation from such party of execution of a counterpart hereof by such party).

 

2.2 No Default; No Borrowing Base Deficiency.  No Default or Event of Default shall have occurred which is continuing, and no Borrowing Base Deficiency then exists.

 

2.3 Other Documents.  Administrative Agent shall have been provided with such documents, instruments and agreements, and Borrower shall have taken such actions, in each case as Administrative Agent may reasonably require in connection with this Sixth Amendment and the transactions contemplated hereby.

 

Section 3. Representations and Warranties.  To induce Banks and Administrative Agent to enter into this Sixth Amendment, Borrower hereby represents and warrants to Banks and Administrative Agent as follows on the Sixth Amendment Effective Date:

 

3.1 Reaffirm Existing Representations and Warranties.  Each representation and warranty of Borrower contained in the Credit Agreement and the other Loan Papers is true and correct in all material respects on the date hereof and will be true and correct in all material respects after giving effect to the amendments set forth in Section 1 hereof, except that any representation or warranty that is qualified by “material” or “Material Adverse Effect” references therein shall be true and correct in all respects.

 

3.2 Due Authorization; No Conflict.  The execution, delivery and performance by Borrower of this Sixth Amendment are within Borrower’s corporate or organizational powers, have been duly authorized by all necessary action, require no action by or in respect of, or filing with, any governmental body, agency or official and do not violate or constitute a default under any provision of applicable law or any Material Agreement binding upon Borrower or any other Credit Party or result in the creation or imposition of any Lien upon any of the assets of Borrower or any other Credit Party other than Liens securing the Obligations.

 

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

 

3.4 No Defense.  Borrower acknowledges that Borrower has no defense to (a) Borrower’s obligation to pay the Obligations when due, or (b) the validity, enforceability or binding effect against Borrower of the Credit Agreement or any of the other Loan Papers or any Liens intended to be created thereby.

  

- 2 -

  

 

Section 4. Miscellaneous.

 

4.1 No Waivers.  No failure or delay on the part of Administrative Agent or Banks to exercise any right or remedy under the Credit Agreement, any other Loan Papers or applicable law shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise of any right or remedy, all of which are cumulative and may be exercised without notice except to the extent notice is expressly required (and has not been waived) under the Credit Agreement, the other Loan Papers and applicable law.

 

4.2 Reaffirmation of Loan Papers.  Any and all of the terms and provisions of the Credit Agreement and the Loan Papers shall, except as amended and modified hereby, remain in full force and effect.  The amendments contemplated hereby shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as they may be increased pursuant hereto.

 

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

 

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

 

4.5 Counterparts.  This Sixth Amendment may be executed in counterparts, and all parties need not execute the same counterpart; however, no party shall be bound by this Sixth Amendment until Borrower, the Majority Bank and each Restricted Subsidiary have executed a counterpart.  Facsimiles shall be effective as originals.

 

4.6 Complete Agreement.  THIS SIXTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN PAPERS 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 OR AMONG THE PARTIES.

 

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

 

4.8 Governing Law.  THIS SIXTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

[SIGNATURE PAGES FOLLOW]

  

- 3 -

  

IN WITNESS WHEREOF, the parties hereto have caused this Sixth Amendment to be duly executed by their respective authorized officers on the date and year first above written.

 

BORROWER:

 

DENBURY RESOURCES INC.,

a Delaware corporation

 

	 	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

Each of the undersigned (i) consent and agree to this Sixth Amendment, and (ii) agree that the Loan Papers to which it is a party shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of such Person, enforceable against it in accordance with its terms.

 

DENBURY GATHERING & MARKETING, INC.,

a Delaware corporation

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY HOLDINGS, INC.,

a Delaware corporation (f/k/a Denbury Encore Holdings Inc.)

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY OPERATING COMPANY,

a Delaware corporation (f/k/a EAP Properties, Inc. and successor-by-merger to a previous “Denbury Operating Company”)

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY ONSHORE, LLC,

a Delaware limited liability company

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY MARINE, L.L.C.,

a Louisiana limited liability company

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY PIPELINE HOLDINGS, LLC,

a Delaware limited liability company

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY GREEN PIPELINE-TEXAS, LLC,

a Delaware limited liability company

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY GULF COAST PIPELINES, LLC,

a Delaware limited liability company

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

GREENCORE PIPELINE COMPANY LLC,

a Delaware limited liability company

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

 

DENBURY AIR, LLC,

a Delaware limited liability company (f/k/a EAP Operating, LLC)

 

	
  

	
By:

	 /s/ Mark C. Allen	 

 

	
  

	
Mark C. Allen,

 

	
  

	
Senior Vice President and Chief Financial Officer

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

ADMINISTRATIVE AGENT/BANK:

 

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and a Bank

 

	
  

	
By:

	 /s/ Brian P. Orlando	 

 

	
  

	
Brian P. Orlando,

 

	
  

	
Authorized Officer

 

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

 

BANK OF AMERICA, N.A.

         

	 	
By:

	 /s/ Stephen J. Hoffman	 

 

	 	
Name:

	 Stephen J. Hoffman   	 

 

	 	
Title:

	 Managing Director	 

 

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

BNP PARIBAS

 

	 	
By:

	 /s/ Edward Pak	 

 

	 	
Name:

	 Edward Pak  	 

 

	 	
Title:

	 Director	 

 

 

	 	
By:

	 /s/ Juan Carlos Sandoval	 

 

	 	
Name:

	 Juan Carlos Sandoval  	 

 

	 	
Title:

	 Director	 

 

        

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

THE BANK OF NOVA SCOTIA

 

 

	 	
By:

	 /s/ Marc Graham	 

 

	 	
Name:

	 Marc Graham	 

 

	 	
Title:

	 Director	 

  

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

 

	 	
By:

	 /s/ Mikhail Faybusovich	 

 

	 	
Name:

	 Mikhail Faybusovich  	 

 

	 	
Title:

	 Director	 

 

 

	 	
By:

	 /s/ Vipul Dhadda	 

 

	 	
Name:

	 Vipul Dhadda  	 

 

	 	
Title:

	 Associate	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

ROYAL BANK OF CANADA

 

 

	 	
By:

	 /s/ James R. Allred	 

 

	 	
Name:

	 James R. Allred	 

 

	 	
Title:

	 Authorized Signatory	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

WELLS FARGO BANK, N.A.

 

 

	 	
By:

	 /s/ Thomas E. Stelmar, Jr.	 

 

	 	
Name:

	 Thomas E. Stelmar, Jr.	 

 

	 	
Title:

	 Vice President	 

           

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

UBS LOAN FINANCE, LLC

 

	 	
By:

	 /s/ Irja R. Otsa	 

 

	 	
Name:

	 Irja R. Otsa	 

 

	 	
Title:

	 Associate Director, Banking Products Services, US	 

 

 

	 	
By:

	 /s/ Mary E. Evans	 

 

	 	
Name:

	 Mary E. Evans 	 

 

	 	
Title:

	 Associate Director, Banking Products Services, US	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

UNION BANK, N.A.

 

	 	
By:

	 /s/ Alison White	 

 

	 	
Name:

	 Alison White 	 

 

	 	
Title:

	 Vice President	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK (f/k/a CALYON NEW YORK BRANCH)

 

	 	
By:

	 /s/ Mark A. Roche	 

 

	 	
Name:

	 Mark A. Roche	 

 

	 	
Title:

	 Managing Director	 

 

 

	 	
By:

	 /s/ Sharada Manne   	 

 

	 	
Name:

	 Sharada Manne 	 

 

	 	
Title:

	 Director	 

   

 

 

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

BANK OF SCOTLAND plc

 

	 	
By:

	 /s/ Julia R. Franklin  	 

 

	 	
Name:

	 Julia R. Franklin 	 

 

	 	
Title:

	 Assistant Vice President	 

    

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

COMPASS BANK

 

	 	
By:

	 /s/ Dorothy Marchand 	 

 

	 	
Name:

	 Dorothy Marchand 	 

 

	 	
Title:

	 Senior Vice President	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

CAPITAL ONE NATIONAL ASSOCIATION, formerly known as Capital One, N.A.

 

	 	
By:

	 /s/ Peter Shen	 

 

	 	
Name:

	Peter Shen 	 

 

	 	
Title:

	Vice President	 

          

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

COMERICA BANK

 

	 	
By:

	 /s/ James A. Morgan	 

 

	 	
Name:

	James A. Morgan	 

 

	 	
Title:

	Vice President	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

ING CAPITAL LLC

 

	 	
By:

	 /s/ Juli Bieser	 

 

	 	
Name:

	Juli Bieser	 

 

	 	
Title:

	Director	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

SUNTRUST BANK

 

	 	
By:

	 /s/ Gregory C. Magnuson	 

 

	 	
Name:

	Gregory C. Magnuson	 

 

	 	
Title:

	Vice President	 

     

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

CIBC, INC.

 

 

	 	
By:

	 /s/ Trudy Nelson	 

 

	 	
Name:

	 Trudy Nelson	 

 

	 	
Title:

	 CIBC Inc. Authorized Signatory	 

 

 

	 	
By:

	 /s/ Richard Antl  	 

 

	 	
Name:

	 Richard Antl  	 

 

	 	
Title:

	CIBC Inc. Authorized Signatory	 

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

KEYBANK NATIONAL ASSOCIATION

 

	 	
By:

	 /s/ David Morris 	 

 

	 	
Name:

	 David Morris  	 

 

	 	
Title:

	Vice President	 

      

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

U.S. BANK NATIONAL ASSOCIATION

 

	 	
By:

	 /s/ Daria M. Mahoney	 

 

	 	
Name:

	 Daria M. Mahoney  	 

 

	 	
Title:

	Vice President	 

        

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

SUMITOMO MITSUI BANKING CORPORATION

 

	 	
By:

	 /s/ Hiroshi Higuma	 

 

	 	
Name:

	 Hiroshi Higuma	 

 

	 	
Title:

	Joint General Manager, Specialized Finance Dept.	 

          

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

FIFTH THIRD BANK

 

	 	
By:

	 /s/ Mike Mendenhall	 

 

	 	
Name:

	 Mike Mendenhall	 

 

	 	
Title:

	Vice President	 

 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

STERLING BANK

 

	 	
By:

	 	 

 

	 	
Name:

	 	 

 

	 	
Title:

	 	 

       

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

  

  

  

BANKS:

GOLDMAN SACHS BANK USA

 

	 	
By:

	 /s/ Rick Canonico	 

 

	 	
Name:

	 Rick Canonico	 

 

	 	
Title:

	Authorized Signatory	 

[Signature Page]

Sixth Amendment to Credit Agreement

Denbury Resources Inc.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]