Document:

EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

This Second Amendment to Amended and Restated Credit Agreement (this “Second Amendment”) is effective as of December 30,
2014 (the “Second Amendment Effective Date”), by and among APPROACH RESOURCES INC., a corporation duly formed and existing under the laws of the State of Delaware (the “Borrower”), JPMORGAN CHASE BANK,
N.A., a national banking association, as administrative agent for the Lenders (the “Administrative Agent”), and each of the Lenders party hereto. 

W I T N E S S E T H: 

WHEREAS, the Borrower, the Administrative Agent and the financial institutions party thereto as Lenders are parties to that certain Amended and
Restated Credit Agreement dated as of May 7, 2014 (as amended prior to the date hereof, 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, as amended by this Second Amendment); and 
 WHEREAS, pursuant to the Credit Agreement,
the Lenders have made revolving credit loans to the Borrower; and 
 WHEREAS, the parties hereto desire to amend certain terms of the Credit
Agreement as set forth herein to, among other things, modify the negative covenant regarding payments of Permitted Unsecured Notes, to be effective as of the Second Amendment Effective Date; and 

WHEREAS, subject to and upon the terms and conditions set forth herein, the Lenders have agreed to enter into this Second Amendment. 

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

SECTION 1. Amendments. In reliance on the representations, warranties, covenants and agreements contained in this Second Amendment, and
subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Credit Agreement is hereby amended, effective as of the Second Amendment Effective Date, in the manner provided in this Section 1.

 1.1. Amended and Restated Definition. The definition of “Loan Documents” contained in Section 1.02 of the
Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 
 “Loan
Documents” means this Agreement, the First Amendment, the Second Amendment, the Notes, the Letter of Credit Agreements, the Letters of Credit, the Fee Letter, and the Security Instruments. 

  
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 1.2. Additional Definitions. Section 1.02 of the Credit Agreement is hereby amended
to add the following definitions to such Section in appropriate alphabetical order: 
 “Second Amendment”
means that certain Second Amendment to Amended and Restated Credit Agreement dated as of December 30, 2014, entered into by and among the Borrower, the Administrative Agent and the Lenders party thereto. 

“Second Amendment Effective Date” means December 30, 2014. 

1.3. Amendment of Section 9.04(b). Section 9.04(b) of the Credit Agreement is hereby amended to delete the period at the end
of subsection (ii) thereof and replace it with “; and” and to add a new subsection (iii) thereto which shall read in full as follows: 

(iii) so long as (A) no Borrowing Base Deficiency or Event of Default exists or results therefrom and (B) after
giving pro forma effect to such Redemption, the unused amount of the total Commitments (but only to the extent that the Borrower is permitted to borrow such amount under the terms of this Agreement, including Section 6.02 hereof) is not less
than 20% of the total Commitments then in effect, the Borrower or applicable Restricted Subsidiary may voluntarily prepay, repurchase or otherwise Redeem any principal in respect of Permitted Unsecured Notes; provided that, (x) the
amount of such prepayments, repurchases and other Redemptions made under this Section 9.04(b)(iii) and Investments made under Section 9.05(n) shall not exceed $50,000,000 in the aggregate, (y) the Borrower will be in pro forma
compliance with all financial covenants set forth in Section 9.01 immediately after giving effect to such prepayment, repurchase or other Redemption, and (z) any such prepayment, repurchase or other Redemption must be made, if at all, on
or prior to the first anniversary of the Second Amendment Effective Date. 
 1.4. Amendment of Section 9.05(n).
Section 9.05(n) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

(n) other Investments; provided, that the amount of such Investments made under this Section 9.05(n) and
repurchases and Redemptions of Permitted Unsecured Notes made under Section 9.04(b)(iii) shall not exceed $50,000,000 in the aggregate at any time. 

SECTION 2. Conditions Precedent. The effectiveness of the amendments to the Credit Agreement contained in Section 1 hereof, are
each subject to satisfaction of each of the following conditions precedent: 
 2.1. Counterparts. The Administrative Agent shall have
received counterparts of this Second Amendment from the Borrower and the Majority Lenders. 

  
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 2.2. No Material Adverse Change. Since December 31, 2013, there has been no event,
development or circumstance that has had or would reasonably be expected to have a Material Adverse Effect. 
 The Administrative Agent
shall notify the Borrower and the Lenders of the effectiveness of this Second Amendment, and such notice shall be conclusive and binding. 

SECTION 3. Representations and Warranties of the Borrower. To induce the Lenders and the Administrative Agent to enter into this Second
Amendment, the Borrower hereby represents and warrants to the Lenders and the Administrative Agent as follows: 
 3.1. Reaffirm Existing
Representations and Warranties. Each representation and warranty of each Credit Party contained in the Credit Agreement and the other Loan Documents 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 (a) to the extent such representations and warranties are expressly limited to an earlier date, such representations and warranties
shall be true and correct in all material respects as of such specified earlier date, and (b) to the extent such representations and warranties are qualified by materiality or Material Adverse Effect, such representations and warranties shall
be true and correct in all respects. 
 3.2. Due Authorization; No Conflict. The execution, delivery and performance by the Borrower
of this Second Amendment are within the Borrower’s corporate 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 the Borrower or any other Credit Party or result in the creation or imposition of any Lien upon any of the assets of the Borrower or any other Credit
Party except Excepted Liens. 
 3.3. Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation
of the 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 Default or Borrowing Base Deficiency. No Default
or Borrowing Base Deficiency has occurred and is continuing. 
 SECTION 4. Miscellaneous. 

4.1. Reaffirmation of Loan Documents; Extension of Liens. Any and all of the terms and provisions of the Credit Agreement and the Loan
Documents shall, except as amended and modified hereby, remain in full force and effect. The amendments contemplated hereby shall not limit or impair any Liens securing the Indebtedness, each of which are hereby ratified, affirmed and extended to
secure the Indebtedness after giving effect to this Second Amendment. 

  
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 4.2. Parties in Interest. All of the terms and provisions of this Second Amendment shall
bind and inure to the benefit of the parties hereto and their respective successors and assigns. 
 4.3. Counterparts. This Second
Amendment may be executed in counterparts, and all parties need not execute the same counterpart; however, no party shall be bound by this Second Amendment until the Borrower and the Majority Lenders have executed a counterpart. Facsimiles or other
electronic transmission (e.g. .pdf) shall be effective as originals. 
 4.4. Complete Agreement. THIS SECOND AMENDMENT, THE CREDIT
AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG 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. 
 4.5. Headings. The headings, captions and arrangements used in this Second Amendment are, unless specified otherwise, for
convenience only and shall not be deemed to limit, amplify or modify the terms of this Second Amendment, nor affect the meaning thereof. 

4.6. Effectiveness. This Second Amendment shall be effective automatically and without necessity of any further action by the Borrower,
the Administrative Agent or the Lenders when counterparts hereof have been executed by the Borrower, the Administrative Agent and the Majority Lenders, and all conditions to the effectiveness hereof set forth herein have been satisfied. 

4.7. Governing Law. This Second Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

 4.8. Severability. Any provision of this Second Amendment which is 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; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 IN WITNESS WHEREOF, the
parties hereto have caused this Second Amendment to be duly executed on the date and year first above written. 
 [Signature pages to follow]

  
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	BORROWER:	 		 	APPROACH RESOURCES INC., a Delaware corporation
				
		 		 	By:	 	/s/ J. Ross Craft
		 		 	Name:	 	J. Ross Craft
		 		 	Title:	 	President and Chief Executive Officer

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

							
	ADMINISTRATIVE AGENT,	 	 	 	 
	LENDER AND ISSUING BANK:	 		 	JPMORGAN CHASE BANK, N.A.,
		 		 	as Administrative Agent, a Lender and Issuing Bank
				
		 		 	By:	 	/s/ Anson D. Williams
		 		 	Name:	 	Anson D. Williams
		 		 	Title:	 	Authorized Officer

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

							
	LENDERS:	 	 	 	KEYBANK NATIONAL ASSOCIATION, as a Lender
				
		 		 	By:	 	/s/ George E. McKean
		 		 	Name:	 	George E. McKean
		 		 	Title:	 	Senior Vice President

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

 
			
	ROYAL BANK OF CANADA,
	as a Lender
		
	By:	 	/s/ James R. Allred
	Name:	 	James R. Allred
	Title:	 	Authorized Signatory

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

 
			
	FROST BANK,
	as a Lender
		
	By:	 	/s/ Alex Zemkoski
	Name:	 	Alex Zemkoski
	Title:	 	Senior Vice President

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

 
			
	WELLS FARGO BANK, N.A.,
	as a Lender
		
	By:	 	/s/ Catherine Cook
	Name:	 	Catherine Cook
	Title:	 	Director

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	/s/ Tony Alexander
	Name:	 	Tony Alexander
	Title:	 	Vice President

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

 
			
	COMERICA BANK,
	as a Lender
		
	By:	 	/s/ Brandon M. White
	Name:	 	Brandon M. White
	Title:	 	Vice President

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.

 
			
	WHITNEY BANK,
	as a Lender
		
	By:	 	/s/ David E. Sisler
	Name:	 	David E. Sisler
	Title:	 	Senior Vice President

  
 SIGNATURE
PAGE 
 SECOND AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT 
 APPROACH RESOURCES INC.Exhibit 10.1

 

LOCK-UP AGREEMENT

 

                                      [●], 2015

 

Long Island Iced Tea Corp.

116 Charlotte Avenue

Hicksville, NY 11801

 

Ladies and Gentlemen:

 

In connection with
the Agreement and Plan of Reorganization (the “Merger Agreement”), dated as of December 31, 2014, by and among
Cullen Agricultural Holding Corp, Long Island Iced Tea Corp. (the “Company”), Cullen Merger Sub, Inc., LIBB
Acquisition Sub, LLC, Long Island Brand Beverages LLC and Phil Thomas and Thomas Panza, in order to induce the parties to consummate
the transactions contemplated by the Merger Agreement, the undersigned agrees not to, either directly or indirectly, during the
“Restricted Period” (as hereinafter defined):

 

		(1)	sell or offer or contract to sell or offer, grant any option or warrant for the sale of, assign,
transfer, pledge, hypothecate, or otherwise encumber or dispose of (all being referred to as a “Transfer”) any
legal or beneficial interest in any Holdco Common Stock (as defined in the Merger Agreement), issued to the undersigned in connection
with the Merger Agreement (the “Restricted Securities”),

 

		(2)	enter into any swap or any other agreement or any transaction that transfers, in whole or in part,
directly or indirectly, the economic consequence of ownership of any of the Restricted Securities, whether such swap transaction
is to be settled by delivery of any Restricted Securities or other securities of any person, in cash or otherwise, or

 

		(3)	publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into
any transaction, swap, hedge or other arrangement relating to any of the Restricted Securities.

 

As used herein, “Restricted Period”
means the period commencing on the Closing Date (as defined in the Merger Agreement) and ending on the earlier of (i) the day preceding
the day that is twelve (12) months after the Closing Date and (ii) the day on which the Company consummates a liquidation, merger,
stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to exchange
their shares of Common Stock for cash, securities or other property.

 

Notwithstanding the
foregoing limitations, this Lock-Up Agreement will not prevent any Transfer of any or all of the Restricted Securities, either
during the undersigned’s lifetime or on the undersigned’s death, (i) in a transaction that does not involve a public
offering (as such term is used in the Federal securities laws) and is not made through a securities exchange or an over-the-counter
securities market, (ii) by gift, will or intestate succession, or by judicial decree, to the undersigned’s “family
members” (as defined below) or to trusts, family limited partnerships and similar entities primarily for the benefit of the
undersigned or the undersigned’s “family members,” or (iii) in a transaction involving a Transfer to affiliates
of the undersigned or any investment fund or entity controlled or managed by the undersigned or affiliates of the undersigned,
including, if the undersigned is a corporation, partnership, limited liability company or other business entity, a distribution
of securities to limited or general partners, members, stockholders or other equity holders of the undersigned; provided,
however, that in each and any such event it shall be a condition to the Transfer that the transferee execute an agreement
stating that the transferee is receiving and holding the Restricted Securities subject to the provisions of this Lock-Up Agreement.
For purposes of this sub-paragraph, “family member” shall mean spouse, lineal descendants, stepchildren, father, mother,
brother or sister of the transferor or of the transferor’s spouse.

 

    	 

    	 

    

 

Nothing in this Lock-Up
Agreement shall prevent the establishment by the undersigned of any contract, instruction or plan (a “Plan”)
that satisfies all of the requirements of Rule 10b5-1(c)(1)(i)(B) under the Securities Exchange Act of 1934, as amended; provided,
that it shall be a condition to the establishment of any such Plan that no Transfers of the Restricted Securities shall be made
pursuant to such Plan prior to the expiration of the Restricted Period; and provided, further, such a Plan may only be established
if no public announcement of the establishment or the existence thereof, and no filing with the U.S. Securities and Exchange Commission
or any other regulatory authority shall be required or shall be made voluntarily by the undersigned, the Company or any other person,
prior to the expiration of the Restricted Period.

 

Any of the Restricted
Securities subject to this Lock-Up Agreement may be released, from time to time, in whole or part from the terms hereof upon the
consent of the Committee (as defined in the Merger Agreement).

 

The undersigned hereby
authorizes the Company’s transfer agent to apply to any certificates representing Restricted Securities issued to the undersigned
the appropriate legend to reflect the existence and general terms of this Lock-up Agreement.

 

This Lock-up Agreement
will be legally binding on the undersigned and on the undersigned’s successors and permitted assigns, and is executed as
an instrument governed by the law of New York.

 

[Signature page follows]

 

    	2

    	 

    

 

SIGNATURE PAGE TO THE LOCK-UP AGREEMENT

 

	 	 
	Name	 
	 	 
	 	 
	Signature	 
	 	 
	 	 
	Name of Signatory (if an entity)	 
	 	 
	 	 
	Title of Signatory (if an entity)	 
	 	 
	Address:

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