Document:

EXHIBIT 10.2

 Exhibit 10.2 
  
 ASSIGNMENT NO. 9 OF RECEIVABLES IN ADDITIONAL ACCOUNTS INCLUDED IN ASSET POOL ONE (this “Assignment”), dated as of
November 10, 2005, by and between CHASE ISSUANCE TRUST (the “Trust”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”) as collateral agent (in such capacity, the “Collateral Agent”), pursuant to the Asset Pool
One Supplement referred to below, and acknowledged by Chase Bank USA, National Association (formerly known as Chase Manhattan Bank USA, National Association), in its capacity as servicer under the Amended and Restated Transfer and Servicing
Agreement, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, each by and between Chase Bank USA, National Association, as transferor and servicer, and Wells Fargo Bank, National Association, as
indenture trustee (in such capacity, the “Indenture Trustee”) and Collateral Agent. 
  
 W I T N E S S E T H: 
  
 WHEREAS,
the Trust and Wells Fargo, as Collateral Agent and Indenture Trustee, are parties to the Amended and Restated Asset Pool One Supplement, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005 (hereinafter
as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 
  
 WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to designate Additional Accounts to be included as Asset Pool One Accounts and to
pledge hereby the Receivables of such Additional Accounts (as each such term is defined in the Asset Pool One Supplement), whether now existing or hereafter created, to the Collateral Agent to be included as Asset Pool One Receivables; and

  
 WHEREAS, the Collateral Agent, on behalf of and for the
benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, is willing to accept such designation and pledge subject to the terms and conditions
hereof; 
  
 NOW, THEREFORE, the Trust and the Collateral Agent
hereby agree as follows: 
  
 1. Defined Terms. All
capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One Supplement unless otherwise defined herein. 
  
 “Addition Cut Off Date” shall mean, with respect to the Additional Accounts designated hereby, October 31, 2005. 
  
 “Addition Date” shall mean, with respect to the Additional
Accounts designated on Schedule 1 hereto, November 10, 2005. 

 “Notice Date” shall mean, with respect to the Additional Accounts designated on Schedule
1 hereto, November 4, 2005. 
  
 2. Designation of Additional
Accounts. On or before the Addition Date, the Trust shall deliver to the Collateral Agent a computer file containing a true and complete list of each VISA and MasterCard account which, as of the Addition Date, shall be deemed to be an Additional
Asset Pool One Account, identified by account number and the aggregate amount of the Receivables in each such Additional Asset Pool One Account as of the Addition Cut Off Date, which computer file shall be marked as Schedule 1 to this Assignment and
which shall be, as of the Addition Date, incorporated into and made a part of this Assignment and the Asset Pool One Supplement. 
  
 3. Pledge of Receivables. (a) The Issuer hereby grants to the Collateral Agent for the benefit and security of the Asset Pool One Noteholders, the
Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest, whether owned on the Addition Cut Off Date or thereafter acquired, in the Receivables
existing on the Addition Cut Off Date or thereafter created in the Additional Asset Pool One Accounts, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and
the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds relating thereto to secure the Asset Pool One Notes (and the obligations under the Indenture and the Asset Pool One
Supplement), equally and ratably without prejudice, priority or distinction between any Asset Pool One Note by reason of difference in time of issuance or otherwise, except as otherwise expressly provided in the Indenture, or in the Indenture
Supplement which establishes any Series, Class or Tranche of Notes, and to secure (i) the payment of all amounts due on such Asset Pool One Notes in accordance with their respective terms, (ii) the payment of all other sums payable by the Issuer
under the Indenture, any Indenture Supplement and the Asset Pool One Supplement relating to the Asset Pool One Notes and (iii) compliance by the Issuer with the provisions of the Indenture, any Indenture Supplement or the Asset Pool One Supplement
relating to the Asset Pool One Notes. This Assignment constitutes a security agreement under the UCC. 
  
 (b) If necessary, the Trust agrees to record and file, at its own expense, financing statements (and continuation statements when applicable) with respect
to the Asset Pool One Receivables in Additional Asset Pool One Accounts existing on the Addition Cut Off Date and thereafter created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to
perfect, and maintain perfection of, the sale and assignment of its interest in such Asset Pool One Receivables to the Collateral Agent, and to deliver a file-stamped copy of each such financing statement or other evidence of such filing to the
Collateral Agent on or prior to the Addition Date. The Collateral Agent shall be under no obligation whatsoever to file such financing or continuation statements or to make any filing under the UCC in connection with such sale and assignment.

  

 2 

 (c) In connection with such transfers, the Trust further agrees, at its own expense, on or prior to the
date of this Assignment, to indicate in the appropriate computer files that Receivables created in connection with the Additional Asset Pool One Accounts and designated hereby have been pledged to the Collateral Agent pursuant to this Assignment for
the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity. 
  
 (d) It is the intention of the parties hereto that all pledges of Receivables to the Collateral Agent pursuant to this
Assignment be subject to, and be treated in accordance with, the Delaware Act and each of the parties hereto agrees that this Assignment has been entered into by the parties hereto in express reliance upon the Delaware Act. For purposes of complying
with the requirements of the Delaware Act, each of the parties hereto hereby agrees that any property, assets or rights purported to be pledged, in whole or in part, by the Trust pursuant to this Assignment shall be deemed to no longer be the
property, assets or rights of the Trust. The parties hereto acknowledge and agree that each such transfer is occurring in connection with a “securitization transaction” within the meaning of the Delaware Act. 
  
 4. Acceptance by Collateral Agent. The Collateral Agent hereby
acknowledges its acceptance of all right, title and interest in and to the Receivables in the Additional Asset Pool One Accounts now existing and hereafter created, pledged to the Collateral Agent pursuant to Section 3(a) of this Assignment and
declares that it shall maintain such right, title and interest, upon the trust herein set forth, for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its
individual capacity. 
  
 5. Representations and Warranties of
the Trust. The Trust hereby represents and warrants to the Collateral Agent, as the Addition Date, that: 
  
 (a) Conditions Precedent. All of the requirements for the addition of Accounts set forth under subsection 2.12(c) of the Transfer and Servicing
Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and Servicing Agreement to be made on each Addition Date shall be true and correct in all material respects on such
Addition Date; 
  
 (b) Legal Valid and Binding Obligation.
This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);

  
 (c) Eligibility of Accounts. As of the Addition Cut Off
Date, each Additional Account designated hereby is an Eligible Account; 
  

 3 

 (d) Insolvency. As of each of the Addition Cut Off Date and the Addition Date, no Insolvency Event
with respect to the Trust has occurred and the transfer by the Transferor of Receivables arising in the Additional Accounts to the Collateral Agent has not been made in contemplation of the occurrence thereof; 
  
 (e) No Adverse Effect. The acquisition by the Collateral Agent of the
Receivables arising in the Additional Accounts shall not, in the reasonable belief of the Trust, result in an Adverse Effect; 
  
 (f) No Conflict. The execution and delivery by the Trust of this Assignment, the performance of the transactions contemplated by this Assignment
and the fulfillment of the terms hereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with, result in any breach of any of the material terms and provisions of, or constitute
(with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which the Trust is a party or by which it or its properties are bound; 
  
 (g) No Proceedings. There are no proceedings or investigations,
pending or, to the best knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of this Assignment, (ii) seeking to
prevent the consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the performance by the Transferor of
its obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Assignment; and 
  
 (h) All Consents. All authorizations, consents, orders or approvals of any court or other governmental authority
required to be obtained by the Trust in connection with the execution and delivery of this Assignment by the Trust and the performance of the transactions contemplated by this Assignment by the Trust, have been obtained. 
  
 6. Conditions Precedent. The acceptance by the Collateral Agent set
forth in Section 4 hereof and the amendment of the Asset Pool One Supplement pursuant to Section 6 hereof are each subject to the satisfaction of the conditions precedent set forth in Section 2.4(c) of the Asset Pool One Supplement on or prior to
the dates specified in such Section 2.4(c), except to the extent any such conditions have been waived. For purposes of Section 2.4(c)(i) of the Asset Pool One Supplement, “Notice Date” shall having the meaning specified in Section 1
hereof. With respect to the condition specified in Section 2.4(c)(xi) of the Agreement, on or prior to the date hereof, the Administrator, on behalf of the Issuer, shall have delivered to the Collateral Agent a certificate of a Vice President or
more senior officer of the Administrator, substantially in the form of Schedule 2 hereto, certifying that all requirements set forth in Section 2.4(c) 
  

 4 

 of the Asset Pool One Supplement for designating and conveying Receivables in Additional Asset Pool One Accounts have
been satisfied or waived. The Collateral Agent may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the matters set forth therein, and shall incur no liability in so relying. 
  
 7. Amendment of the Asset Pool One Supplement. The Asset Pool One
Supplement is hereby amended to provide that all references therein to the “Asset Pool One Supplement,” to “this Asset Pool One Supplement” and “herein” shall be deemed from and after the Addition Date to be a dual
reference to the Asset Pool One Supplement as supplemented by this Assignment. All references therein to Additional Asset Pool One Accounts shall be deemed to include the Additional Accounts designated hereby and all references therein to Asset Pool
One Receivables shall be deemed to include the Receivables pledged hereby. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall
continue to be, and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term
or provision of the Asset Pool One Supplement. 
  
 8.
Counterparts. This Assignment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 
  
 9. GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed by their
respective officers as of the day and year first above written. 
  

			
	 CHASE ISSUANCE TRUST

		
	 By:
	 	 WILMINGTON TRUST COMPANY, not
 in its individual capacity but solely as
 Owner Trustee on behalf of the Issuer

		
	 By:
	 	 /s/ Jennifer A. Luce

	 Name:
	 	 Jennifer A. Luce

	 Title:
	 	 Financial Services Officer

	
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as Collateral Agent

		
	 By:
	 	 /s/ Cheryl Zimmerman

	 Name:
	 	 Cheryl Zimmerman

	 Title:
	 	 Assistant Vice President

  

			
	 Acknowledged by:

	
	 CHASE BANK USA,
 NATIONAL ASSOCIATION,
 as Servicer

		
	 By:
	 	 /s/ Keith W. Schuck

	 Name:
	 	 Keith W. Schuck

	 Title:
	 	 President

  
 Chase Issuance Trust

 Assignment No. 9 (APO) 

 Schedule 1 
  

LIST OF ADDITIONAL ASSET POOL ONE ACCOUNTS 
  
 [TO BE DELIVERED TO THE COLLATERAL AGENT BY THE ISSUER AND 
 MARKED AS SCHEDULE 1 TO THIS ASSIGNMENT] 
  
 Schedule 1 

 Schedule 2 
  

Chase Issuance Trust 
 Officer’s
Certificate 
  
                                 , a duly authorized officer of Chase Bank
USA, Delaware, National Association, as administrator (the “Administrator”) for the Chase Issuance Trust (the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of his/her knowledge the following
statements are true on November 10, 2005 (the “Addition Date”), and acknowledges on behalf of the Trust that this Officer’s Certificate will be relied upon by Wells Fargo Bank, National Association (“Wells Fargo”), as
collateral agent (the “Collateral Agent”) in connection with the Collateral Agent entering into Assignment No. 9 of Receivables in Additional Accounts, dated as of September 30, 2005 (the “Assignment”), by and between the Trust
and the Collateral Agent, in connection with the Amended and Restated Asset Pool One Supplement, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005 (as heretofore supplemented and amended, the
“Asset Pool One Supplement”), each by and between the Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust that:

  
 (a) Conditions Precedent. All of the requirements for
the addition of Accounts set forth under Section 2.4(c) of the Asset Pool One Supplement shall have been satisfied in all material respects on the Addition Date, except to the extent any such requirements have been waived; 
  
 (b) Delivery of Assignment. On or prior to the Addition Date, (i) the
Trust has delivered to the Collateral Agent the Assignment (including an acceptance by the Collateral Agent for the benefit of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its
individual capacity), (ii) the Trust has indicated in its computer files that the Receivables created in connection with the Additional Accounts have been transferred to the Collateral Agent and (iii) the Trust shall deliver to the Collateral Agent
a computer file containing a true and complete list of all Additional Accounts identified by account number and the aggregate amount of the Receivables in such Additional Accounts as of the related Addition Cut Off Date, which computer file shall be
as of the date of such Assignment, incorporated into and made a part of such Assignment and the Asset Pool One Supplement. 
  
 (c) Legal, Valid and Binding Obligation. The Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the
Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in
general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 
  
 Schedule 2-1 

 (d) Eligibility of Accounts. As of the Addition Cut Off Date, each Additional Account designated
pursuant to the Assignment is an Eligible Account. 
  
 (e)
Insolvency. As of each of the Addition Cut Off Date and the Addition Date, no Insolvency Event with respect to the Trust has occurred and the transfer by the Transferor of Receivables arising in the Additional Accounts to the Collateral Agent
has not been made in contemplation of the occurrence thereof. 
  
 (f) No Adverse Effect. The acquisition by the Collateral Agent of the Receivables arising in the Additional Accounts shall not, in the reasonable belief of the Trust, result in an Adverse Effect. 
  
 (g) No Conflict. The execution and delivery by the Trust of this
Assignment, the performance of the transactions contemplated by the Assignment and the fulfillment of the terms thereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with,
result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which
the Trust is a party or by which it or its properties are bound. 
  
 (h) No Proceedings. There are no proceedings or investigations, pending or, to the best knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental
instrumentality (i) asserting the invalidity of the Assignment, (ii) seeking to prevent the consummation of any of the transactions contemplated by the Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the
Trust, would materially and adversely affect the performance by the Transferor of its obligations under the Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of the
Assignment. 
  
 (i) All Consents. All authorizations,
consents, orders or approvals of any court or other governmental authority required to be obtained by the Trust in connection with the execution and delivery of the Assignment by the Trust and the performance of the transactions contemplated by the
Assignment by the Trust, have been obtained. 
  
 Initially
capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One Supplement. 
  
 Schedule 2-2 

 IN WITNESS WHEREOF, I have hereunto set my hand this 10th day of November 2005. 
  

			
	 CHASE ISSUANCE TRUST

		
	 By:
	 	 CHASE BANK USA, NATIONAL
 ASSOCIATION (formerly known as Chase
 Manhattan Bank USA, National
 Association), not in its individual capacity
 but solely as Administrator on behalf of the Trust

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 Schedule 2-3First Amendment to Amended and Restated Credit Agreement

 EXHIBIT 10.1 
  
 FIRST AMENDMENT 
  
 TO 
  
 AMENDED AND RESTATED CREDIT AGREEMENT 
  
 Dated Effective as of November 1, 2005 
  
 AMONG 
  
 PLAINS EXPLORATION & PRODUCTION COMPANY, 
  
 AS BORROWER, 
  
 THE GUARANTORS, 
  
 JPMORGAN CHASE 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
“First Amendment”) dated effective as of November 1, 2005, is among PLAINS EXPLORATION & PRODUCTION COMPANY, a Delaware corporation (the “Borrower”); each of the undersigned guarantors (the
“Guarantors”, and together with the Borrower, the “Obligors”); JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative
Agent”) for the lenders party to the Credit Agreement referred to below (collectively, the “Lenders”); and each of the undersigned Lenders. 
  
 R E C I T A L S 
  
 A. The Borrower, the Agents and the Lenders are parties to that certain Amended and Restated Credit Agreement dated as of May 16, 2005 (the
“Credit Agreement”) pursuant to which the Lenders have made certain credit available to and on behalf of the Borrower. 
  
 B. The Borrower has requested and the Lenders have agreed to amend certain provisions of the Credit Agreement. 
  
 C. 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 used herein but not otherwise defined herein has the meaning given such term in the Credit
Agreement. Unless otherwise indicated, all section references in this First Amendment refer to sections of the Credit Agreement. 
  
 Section 2. Amendments to Credit Agreement. 
  
 2.1 Amendments to Section 1.02. 
  
 (a) The definition of “Agreement” is hereby amended in its entirety to read as follows: 
  
 “Agreement” means this Credit Agreement, as
amended by the First Amendment, and as the same may from time to time be amended, modified, supplemented or restated. 
  
 (b) The definition of “Consolidated Net Income” is hereby amended by deleting the “and” before clause
(g) thereof and adding the following at the end thereof: 
  
 and (h) any non-cash employee based compensation. 
  
 (c) The definition of “Debt” is hereby amended by inserting the following after the word “business” and before
the “.” in the last sentence of such definition: 
  

 S-1 

 or any non-cash employee based compensation 
  
 (d) The following definitions are hereby added where
alphabetically appropriate to read as follows: 
  
 “EBITDAX” means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted in determining Consolidated Net Income in such period (without duplication):
interest, income taxes, depreciation, depletion, amortization, exploration expenses and other noncash charges, minus all noncash income included in the calculation of Consolidated Net Income. 
  
 “First Amendment” means the First Amendment
to Amended and Restated Credit Agreement dated effective as of November 1, 2005 among the Borrower, the Guarantors, the Agents and the Lenders party thereto. 
  
 “Minimum Liquidity” means, as of any date of determination, the sum of (a) the
aggregate unused amount of the Commitments under this Agreement as of such date and (b) all unrestricted and unencumbered cash and Investments of the type described in Section 9.05(c), (d), (e) and (f) reflected on the
Borrower’s balance sheet as of such date. 
  
 (e) The definition of “Tangible Net Worth” is hereby deleted. 
  
 2.2 Use of Proceeds. Section 7.22 is hereby deleted and the following inserted in lieu thereof: 
  
 Section 7.22 Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to provide
working capital for exploration and production operations and for general corporate purposes, including the making of Restricted Payments to the extent permitted by Section 9.04(a)(v). The Borrower and its Subsidiaries are not engaged
principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the
Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board. 
  
 2.3 Financial Covenant. Section 9.01(a) is hereby deleted and the following is inserted in lieu thereof:

  
 (a) Ratio of Debt to EBITDAX. The
Borrower will not, as of any date of determination, permit its consolidated ratio of Debt as of such day to EBITDAX for the most recent period of four fiscal quarters then ending for which financial statements are available to be greater than 4.25
to 1.0. For purposes of this Section 9.01(a), EBITDAX will be deemed to be equal to for the fiscal quarter ending (i) December 31, 2004, $81,454,000, (ii) March 31, 2005, $87,485,000, (iii) June 30, 2005,
$97,531,000 and (iv) September 30, 2005, $102,000,000. 
  

 S-2 

 2.4 Restricted Payments. Section 9.04(a)(v) is hereby deleted and the following is inserted
in lieu thereof: 
  
 and (v) to the extent not permitted by
clauses (i) to (iv) above, the Borrower may make Restricted Payments in respect of Equity Interests of the Borrower in an aggregate amount not to exceed (i) $500,000,000 plus 25% of the Consolidated Net Income (or minus 100% if
negative) of the Borrower earned on a cumulative basis during the period beginning January 1, 2006 and ending on the last day of the most recent fiscal quarter for which financial statements are available preceding the date on which such
Restricted Payment is made minus (ii) the aggregate principal amount of Senior Notes, Senior Subordinated Notes and Permitted Additional Notes Redeemed under Section 9.04(b)(i); provided that Restricted Payments may be made under
this clause (v) only if (A) no Default or Event of Default has occurred and is continuing at the time such Restricted Payment is made or would result from the making of such Restricted Payment, and (B) the Borrower’s Minimum
Liquidity after giving effect to such Restricted Payment is not less than $250,000,000. 
  
 Section 3. Conditions Precedent. This First Amendment shall become effective as of November 1, 2005 on the date on which each of the following conditions is satisfied (or waived in accordance with
Section 12.02 of the Credit Agreement): 
  
 3.1 The
Administrative Agent shall have received from the Majority Lenders, the Borrower and each Guarantor, counterparts (in such number as may be requested by the Administrative Agent) of this First Amendment signed on behalf of such Persons. 

 
 3.2 All fees and other expenses required to be paid in connection with the
First Amendment shall have been paid. 
  
 3.3 No Default shall
have occurred and be continuing, after giving effect to the terms of this First Amendment. 
  
 Section 4. Miscellaneous. 
  
 4.1 Confirmation. The provisions of the Credit Agreement, as amended by this First Amendment, shall remain in full force and effect following the effectiveness of this First Amendment. 
  
 4.2 Ratification and Affirmation; Representations and Warranties. Each
Obligor hereby (a) acknowledges the terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees
that each Loan Document to which it is a party remains in full force and effect, except as expressly amended hereby, notwithstanding the amendments contained herein and (c) represents and warrants to the Lenders that as of the date hereof,
after giving effect to the terms of this First Amendment: (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct in all material respects, 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 

  

 S-3 

 
true and correct as of such specified earlier date, (ii) no Default has occurred and is continuing and (iii) since December 31, 2004, there
has been no event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect. 
  
 4.3 Loan Document. This First Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and
provisions of the Credit Agreement relating to Loan Documents shall apply hereto. 
  
 4.4 Counterparts. This First Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one
and the same instrument. Delivery of this First Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 
  
 4.5 No Oral Agreement. This First Amendment, the Credit Agreement and the other Loan Documents executed in connection herewith and therewith
represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous, or unwritten oral agreements of the parties. There are no subsequent oral agreements between the parties. 
  
 4.6 GOVERNING LAW. THIS FIRST AMENDMENT (INCLUDING, BUT NOT LIMITED
TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed, to be effective as of November 1, 2005. 
  

									
	 BORROWER:
	 	 	 	 PLAINS EXPLORATION & PRODUCTION COMPANY

					
	 	 	 	 	 	 	 By:
	 	 /s/ Stephen A. Thorington

	 	 	 	 	 	 	 	 	 Stephen A. Thorington

	 	 	 	 	 	 	 	 	 Executive Vice President and

	 	 	 	 	 	 	 	 	 Chief Financial Officer

  

 S-4 

									
	 GUARANTORS:
	 	 	 	 ARGUELLO INC.

	 	 	 	 	 BROWN PXP PROPERTIES, LLC

	 	 	 	 	 PLAINS RESOURCES INTERNATIONAL INC.

	 	 	 	 	 PXP GULF COAST INC.

	 	 	 	 	 NUEVO INTERNATIONAL INC.

	 	 	 	 	 NUEVO OFFSHORE COMPANY

	 	 	 	 	 NUEVO RESOURCES INC.

	 	 	 	 	 PACIFIC INTERSTATE OFFSHORE COMPANY

	 	 	 	 	 PLAINS LOUISIANA INC.

	 	 	 	 	 PXP TEXAS INC.

	 	 	 	 	 PXP PERMIAN INC.

	 	 	 	 	 PXP LOUISIANA L.L.C.

	 	 	 	 	 NUEVO GHANA, INC.

	 	 	 	 	 PXP TEXAS LIMITED PARTNERSHIP

	 	 	 	 	     By: PXP Texas Inc., its general partner

					
	 	 	 	 	 	 	 By:
	 	 /s/ Stephen A. Thorington

	 	 	 	 	 	 	 	 	 Stephen A. Thorington

	 	 	 	 	 	 	 	 	 Vice President and Treasurer

  

 S-5 

									
	 ADMINISTRATIVE AGENT:
	 	 	 	 JPMORGAN CHASE BANK, N.A., as a Lender

	 	 	 	 	 and as Administrative Agent

					
	 	 	 	 	 	 	 By:
	 	 /s/ Robert C. Mertensotto

	 	 	 	 	 	 	 	 	 Robert C. Mertensotto

	 	 	 	 	 	 	 	 	 Managing Director

			
	 LENDERS:
	 	 	 	 BANK OF AMERICA, N.A., as a Lender and as a

	 	 	 	 	 Co-Syndication Agent

					
	 	 	 	 	 	 	 By:
	 	 /s/ Ronald E. McKaig

	 	 	 	 	 	 	 Name: Ronald E. McKaig

	 	 	 	 	 	 	 Title: Senior Vice President

				
	 	 	 	 	 	 	 HARRIS NESBITT FINANCING, INC., as a

	 	 	 	 	 	 	 Lender and as a Co-Syndication Agent

					
	 	 	 	 	 	 	 By:
	 	 /s/ James V. Ducote

	 	 	 	 	 	 	 Name: James V. Ducote

	 	 	 	 	 	 	 Title: Vice President

				
	 	 	 	 	 	 	 THE BANK OF NOVA SCOTIA, as a Lender and

	 	 	 	 	 	 	 as a Co-Documentation Agent

					
	 	 	 	 	 	 	 By:
	 	 /s/ N. Bell

	 	 	 	 	 	 	 Name: N. Bell

	 	 	 	 	 	 	 Title: Senior Manager

				
	 	 	 	 	 	 	 SCOTIABANC, INC., as a Lender and as a

	 	 	 	 	 	 	 Co-Documentation Agent

					
	 	 	 	 	 	 	 By:
	 	 /s/ M. D. Smith

	 	 	 	 	 	 	 Name: M. D. Smith

	 	 	 	 	 	 	 Title: Assistant Vice President & Treasurer

				
	 	 	 	 	 	 	 BNP PARIBAS, as a Lender and as a

	 	 	 	 	 	 	 Co-Documentation Agent

  

 S-6 

									
					
	 	 	 	 	 	 	 By:
	 	 /s/ Brian M. Malone

	 	 	 	 	 	 	 Name: Brian M. Malone

	 	 	 	 	 	 	 Title: Managing Director

					
	 	 	 	 	 	 	 By:
	 	 /s/ Greg Smothers

	 	 	 	 	 	 	 Name: Greg Smothers

	 	 	 	 	 	 	 Title: Vice President

				
	 	 	 	 	 	 	 BANK OF SCOTLAND, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Karen Welch

	 	 	 	 	 	 	 Name: Karen Welch

	 	 	 	 	 	 	 Title: Assistant Vice President

				
	 	 	 	 	 	 	 CALYON NEW YORK BRANCH, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Bertrand Cord ́homme

	 	 	 	 	 	 	 Name: Bertrand Cord ́homme

	 	 	 	 	 	 	 Title: Director

					
	 	 	 	 	 	 	 By:
	 	 /s/ Mike Willis

	 	 	 	 	 	 	 Name: Mike Willis

	 	 	 	 	 	 	 Title: Vice President

				
	 	 	 	 	 	 	 CITICORP NORTH AMERICA, INC., as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ David E. Hunt

	 	 	 	 	 	 	 Name: David E. Hunt

	 	 	 	 	 	 	 Title: Attorney-In-Fact

				
	 	 	 	 	 	 	 DEUTSCHE BANK TRUST COMPANY

	 	 	 	 	 	 	 AMERICAS, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Omayra Laucella

	 	 	 	 	 	 	 Name: Omayra Laucella

	 	 	 	 	 	 	 Title: Vice President

  

 S-7 

									
					
	 	 	 	 	 	 	 By:
	 	 /s/ Evelyn S. Lazala

	 	 	 	 	 	 	 Name: Evelyn S. Lazala

	 	 	 	 	 	 	 Title: Vice President

				
	 	 	 	 	 	 	 FORTIS CAPITAL CORP., as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Darrell Holley

	 	 	 	 	 	 	 Name: Darrell Holley

	 	 	 	 	 	 	 Title: Managing Director

					
	 	 	 	 	 	 	 By:
	 	 /s/ Deirdre Sanborn

	 	 	 	 	 	 	 Name: Deirdre Sanborn

	 	 	 	 	 	 	 Title: Senior Vice President

				
	 	 	 	 	 	 	 THE ROYAL BANK OF SCOTLAND PLC, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Scott L. Joyce

	 	 	 	 	 	 	 Name: Scott L. Joyce

	 	 	 	 	 	 	 Title: Vice President

				
	 	 	 	 	 	 	 TORONTO DOMINION (TEXAS) LLC, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Jim Bridwell

	 	 	 	 	 	 	 Name: Jim Bridwell

	 	 	 	 	 	 	 Title: Authorized Agent

				
	 	 	 	 	 	 	 WACHOVIA BANK, NATIONAL

	 	 	 	 	 	 	 ASSOCIATION, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Dwight Battle

	 	 	 	 	 	 	 Name: Dwight Battle

	 	 	 	 	 	 	 Title: Vice President

				
	 	 	 	 	 	 	 COMERICA BANK, as a Lender

					
	 	 	 	 	 	 	 By:
	 	 /s/ Juli Bieser

	 	 	 	 	 	 	 Name: Juli Bieser

	 	 	 	 	 	 	 Title: Vice President

  

 S-8 

									
	 	 	 	 	 	 	UBS LOAN FINANCE LLC, as a Lender
					
	 	 	 	 	 	 	By:	 	/s/ Salloz Sikka
	 	 	 	 	 	 	Name: Salloz Sikka
	 	 	 	 	 	 	Title: Associate Director
					
	 	 	 	 	 	 	By:	 	/s/ Joselin Fernandes
	 	 	 	 	 	 	Name: Joselin Fernandes
	 	 	 	 	 	 	Title: Associate Director
				
	 	 	 	 	 	 	WELLS FARGO BANK, N.A., as a Lender
					
	 	 	 	 	 	 	By:	 	/s/ Paul Squires
	 	 	 	 	 	 	Name: Paul Squires
	 	 	 	 	 	 	Title: Vice President
				
	 	 	 	 	 	 	MORGAN STANLEY BANK, as a Lender
					
	 	 	 	 	 	 	By:	 	/s/ Daniel Twenge
	 	 	 	 	 	 	Name: Daniel Twenge
	 	 	 	 	 	 	Title: Vice President
				
	 	 	 	 	 	 	J. ARON & COMPANY, as a Lender
					
	 	 	 	 	 	 	By:	 	/s/ Colleen Foster
	 	 	 	 	 	 	Name: Colleen Foster
	 	 	 	 	 	 	Title: Managing Director

  
  

 S-9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]