Document:

ow_Ex_102

		
			EXHIBIT 10.2
		

		
			 
		

		
			SECOND AMENDED AND RESTATED
		

		
			2005 INCENTIVE AWARD PLAN
		

		
			OF
		

		
			OWENS-ILLINOIS, INC.
		

		
			 
		

		
			RESTRICTED STOCK UNIT AGREEMENT
		

		
			THIS RESTRICTED STOCK UNIT AGREEMENT (“Agreement”), dated [●] (the “Grant Date”) is made by and between Owens-Illinois, Inc., a Delaware corporation (the “Company”) and the person whose account for which this grant is being accepted, an employee or consultant of the Company, a Parent Corporation or a Subsidiary (the “Participant”):
		

		
			WHEREAS, the Company has established the Second Amended and Restated 2005 Incentive Award Plan (the “Plan”) (the terms of which are hereby incorporated by reference and made a part of this Agreement); and
		

		
			WHEREAS, the Plan provides for the issuance of Restricted Stock Units (“RSUs”), subject to certain vesting conditions thereon and to other conditions stated herein; and
		

		
			WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Committee”) has determined it would be to the advantage and best interest of the Company and its stockholders to issue the RSUs provided for herein to the Participant in partial consideration of services rendered, or to be rendered, to the Company, a Parent Corporation or a Subsidiary.
		

		
			NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:
		

		
			ARTICLE I.
		

		
			DEFINITIONS
		

		
			Whenever the following terms are used in this Agreement, they shall have the meaning specified below, unless the context clearly indicates to the contrary.  Capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan.  The masculine pronoun shall include the feminine and neuter, and the singular and plural, where the context so indicates.
		

		
			Section 1.1 ‐ Cause
		

		
			“Cause” shall mean dishonesty, disloyalty, misconduct, insubordination, failure to reasonably devote working time to assigned duties, failure or refusal to comply with any reasonable rule, regulation, standard or policy which from time to time may be established by the Company, including, without limitation, those policies set forth in the Owens-Illinois Policy Manual in effect from time to time, or failure to fully cooperate with any investigation of an alleged violation of any such rule, regulation, standard or policy.
		

		
			Section 1.2 ‐ Competing Business
		

		
			“Competing Business” shall mean any person, corporation or other entity engaged in the United States of America or in any other country in which the Company, any Parent Corporation or any 

		 

 

Subsidiary manufactures or sells its products, in the manufacture or sale of glass containers, or any other products manufactured or sold by the Company, any Parent Corporation or any Subsidiary within the last three (3) years prior to the Participant’s Termination of Employment or Retirement.
		

		
			Section 1.3 ‐ Good Reason
		

		
			“Good Reason” means the occurrence of any of the following without the prior written consent of the Participant:
		

		
			(i)a material diminution in base compensation;
		

		
			(ii)a material diminution in authority, duties or responsibilities (including, if Participant is then serving as the Chief Executive Officer or the Chief Financial Officer of the Company, any changes which result from Participant not being employed by a public company following a Change in Control);
		

		
			(iii)a material change in the geographic location at which the Participant must perform services; or
		

		
			(iv)any other action or inaction that constitutes a material breach by the Company of the terms of Participant’s employment as in effect immediately prior to a Change in Control.
		

		
			Notwithstanding the foregoing, (a) Good Reason shall not be deemed to exist unless notice of termination on account thereof (specifying a termination date no later than thirty (30) days from the date of such notice) is given no later than thirty (30) days after the time at which the Participant becomes aware of the occurrence of the event or condition purportedly giving rise to Good Reason and (b) if there exists (without regard to this clause (b)) an event or condition that constitutes Good Reason, the Company shall have thirty (30) days from the date notice of such a termination is given to cure such event or condition and, if the Company does so, such event or condition shall not constitute Good Reason hereunder.
		

		
			Section 1.4 ‐ Parent Corporation
		

		
			“Parent Corporation” shall mean any corporation in an unbroken chain of corporations ending with the Company if each of the corporations other than the Company then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.
		

		
			Section 1.5 ‐ Retirement
		

		
			“Retirement” solely for purposes of this Agreement shall mean “separation from service” (within the meaning of Section 409A of the Code) of an Employee from the Company, a Parent Corporation or a Subsidiary after reaching the age of 60 and having 10 years of employment, or after reaching the age of 65.
		

		
			Section 1.6 ‐ Restricted Stock Unit
		

		
			“Restricted Stock Unit” or “RSUs” shall mean the right to receive one share of Stock for each Restricted Stock Unit granted.
		

		
			

		 

 

		

		
			Section 1.7 ‐ Subsidiary
		

		
			“Subsidiary” shall mean any corporation in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.  “Subsidiary” shall also mean any partnership in which the Company and/or any Subsidiary owns more than fifty percent (50%) of the capital or profits interests.
		

		
			Section 1.8 ‐ Termination of Employment
		

		
			“Termination of Employment” shall mean the time when the employee‐employer relationship between Participant and the Company, a Parent Corporation or a Subsidiary is terminated for any reason, with or without Cause, including, but not by way of limitation, a termination by resignation or discharge, but excluding (i) any termination where there is a simultaneous reemployment by the Company, a Parent Corporation or a Subsidiary, (ii) any termination where Participant continues a relationship (e.g., as a director or as a consultant) with the Company, a Parent Corporation or a Subsidiary, or (iii) a termination resulting from the Retirement, death or Disability of the Participant.  The Committee, in its absolute discretion, shall determine the effect of all other matters and questions relating to a Termination of Employment, including, but not by way of limitation, the question of whether a Termination of Employment resulted from a discharge for Cause, and all questions of whether  a particular leave of absence constitutes a Termination of Employment.  Notwithstanding any other provision of this Agreement, the Company, any Parent Corporation or any Subsidiary has an absolute and unrestricted right to terminate Participant’s employment at any time for any reason whatsoever, with or without Cause.
		

		
			ARTICLE II.
		

		
			ISSUANCE OF RSUs
		

		
			In consideration of the services rendered or to be rendered to the Company, a Parent Corporation or a Subsidiary and for other good and valuable consideration which the Committee has determined to be equal to the par value of its Stock, on the date hereof the Company awards to the Participant the number of RSUs specified for this grant in the Solium Shareworks Account accessible by the Participant.
		

		
			ARTICLE III.
		

		
			VESTING; PAYMENT
		

		
			Section 3.1 ‐ Vesting of RSUs
		

		
			Except as otherwise provided in Section 3.1 or 3.2, the RSUs shall vest in 25% increments on each anniversary of the Grant Date with full vesting on the fourth anniversary of the Grant Date (each a “Vesting Date”); provided, however, that notwithstanding the foregoing the RSU shall be fully vested on the date the Participant (i) dies, (ii) satisfies the requirements for Retirement, provided that the Participant has held the RSU for at least one (1) year from the Grant Date, or (iii) experiences a Disability, provided that the Participant has not experienced a Termination of Employment prior to each such date.    
		

		
			

		 

 

		

		
			Section 3.2Effect of a Change in Control
		

		
			Notwithstanding Section 3.1, in the event of a Change in Control, if:
		

		
			(a)The RSUs are not continued, assumed or new RSUs substituted therefore by a successor or any Parent Corporation or Subsidiary under 11.1(b)(ii) of the Plan, then immediately prior to the Change in Control the RSUs shall become fully vested subject to and effective on the Change in Control; or 
		

		
			(b)The RSUs are continued, assumed or new RSUs are substituted therefore by a successor or any Parent Corporation or Subsidiary under 11.1(b)(ii) of the Plan, then the RSUs shall become fully vested upon the Participant’s Termination of Employment without Cause or by the Participant for Good Reason prior to the second (2nd) anniversary of the Change in Control.
		

		
			Section 3.3 ‐ Termination of RSUs
		

		
			Until vested pursuant to Section 3.1 or 3.2, all RSUs issued to the Participant pursuant to this Agreement shall terminate immediately upon the Participant’s Termination of Employment.  For the avoidance of doubt, if the Participant experiences a Termination of Employment prior to a Vesting Date for any reason not described in Section 3.1 or 3.2(b), all RSUs issued to the Participant pursuant to this Agreement shall immediately terminate.
		

		
			Section 3.4 ‐ Payment of RSUs
		

		
			RSUs shall become payable, to the extent vested as follows: 
		

		
			25% of the RSUs on the first anniversary of the Grant Date
		

		
			25% of the RSUs on the second anniversary of the Grant Date
		

		
			25% of the RSUs on the third anniversary of the Grant Date
		

		
			25% of the RSUs on the fourth anniversary of the Grant Date 
		

		
			ARTICLE IV.
		

		
			NON-COMPETITION/NON-SOLICITATION
		

		
			Section 4.1 ‐ Covenant Not to Compete
		

		
			Participant covenants and agrees that prior to Participant’s Termination of Employment or Retirement and for a period of three (3) years following the Participant’s Termination of Employment or Retirement, including without limitation termination for Cause or without Cause, Participant shall not, in any country in which the Company, any Parent Corporation or any Subsidiary manufactures or sells its products, engage, directly or indirectly, whether as principal or as agent, officer, director, employee, consultant, shareholder or otherwise, alone or in association with any other person, corporation or other entity, in any Competing Business.
		

		
			Section 4.2 ‐ Non-Solicitation of Employees
		

		
			Participant agrees that prior to his Termination of Employment or Retirement and for three (3) years following Participant’s Termination of Employment or Retirement, including without 

		 

 

limitation termination for Cause or without Cause, Participant shall not, directly or indirectly, solicit or induce, or attempt to solicit or induce, any Employee of the Company, any Parent Corporation or any Subsidiary to leave the employment of the Company, any Parent Corporation or any Subsidiary for any reason whatsoever, or hire any Employee of the Company, any Parent Corporation or any Subsidiary except into the employment of the Company, a Parent Corporation or a Subsidiary.
		

		
			Section 4.3 ‐ Equitable Relief
		

		
			Participant agrees that it is impossible to measure in money the damages that will accrue to the Company in the event that Participant breaches any of the restrictive covenants provided in Sections 4.1 or 4.2 hereof.  Accordingly, in the event that Participant breaches any such restrictive covenant, the Company shall be entitled to an injunction restraining Participant from further violating such restrictive covenant.  If the Company shall institute any action or proceeding to enforce any such restrictive covenant, Participant hereby waives the claim or defense that the Company has an adequate remedy at law and agrees not to assert such claim or defense.  The foregoing shall not prejudice the Company’s right to require Participant to account for and pay over to the Company, and Participant hereby agrees to account for and pay over, any compensation, profits, monies, accruals or other benefits derived or received by Participant as a result of any transaction constituting a breach of any of the restrictive covenants provided in Sections 4.1 or 4.2 hereof.
		

		
			ARTICLE V.
		

		
			OTHER PROVISIONS
		

		
			Section 5.1 ‐ RSUs Not Transferable
		

		
			Neither the RSUs nor any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided however, that this Section 5.1 shall not prevent transfers by will or by the applicable laws of descent and distribution.
		

		
			Section 5.2 ‐ No Right to Continued Employment
		

		
			Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue in the employ of the Company, any Parent Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any Parent Corporation or any Subsidiary, which are hereby expressly reserved, to discharge the Participant at any time for any reasons whatsoever, with or without Cause.
		

		
			Section 5.3 ‐ Conditions to Issuance of Stock Certificates
		

		
			The Company shall not be required to issue or deliver any certificate or certificates for shares of Stock pursuant to this Agreement prior to fulfillment of all of the following conditions:
		

		
			

		 

 

		

		
			(a)The admission of such shares to listing on all stock exchanges on which such class of stock is then listed; and
		

		
			(b)The completion of any registration or other qualification of such shares under any state or federal law or under rulings or regulations of the Securities and Exchange Commission or of any other governmental regulatory body, which the Committee shall, in its sole discretion, deem necessary or advisable; and
		

		
			(c)The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable; and
		

		
			(d)Subject to Section 5.10, the payment by the Participant of all amounts which, under federal, state or local tax law, the Company, a Parent Corporation or a Subsidiary is required to withhold upon vesting or payment of a RSU; and
		

		
			(e)The lapse of such reasonable period of time as the Committee may from time to time establish for reasons of administrative convenience.
		

		
			Section 5.4 ‐ Notices
		

		
			Any notice to be delivered to the Company under this Agreement shall be delivered to such individual and in such form as the Committee shall specify from time to time and communicate to the Participant.  Any notice to be delivered to the Participant shall be addressed to the Participant at the Participant's last address reflected in the Company’s records.  Notices may, as approved by the Committee be given electronically (or by facsimile), and if so approved will be deemed given when sent.  Otherwise, notices shall be sent by reputable overnight courier or by certified mail (return receipt requested) through the United States Postal Service.
		

		
			Section 5.5 ‐ Rights as Stockholder
		

		
			Participant shall not, by virtue of the RSUs, be entitled to vote in any Company election, receive any dividend in respect of shares of Stock subject to the RSUs or exercise any other rights of a stockholder of the Company.  The RSUs shall not confer upon the Participant any rights of a stockholder of the Company unless and until the RSUs have vested and certificates representing the shares of Stock subject to the RSUs shall have been issued by the Company pursuant to the terms of this Agreement.
		

		
			Section 5.6 ‐ Titles
		

		
			Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.
		

		
			Section 5.7 ‐ Conformity to Securities Laws
		

		
			The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all provisions of applicable law, including without limitation the provisions of the Securities Act and the Exchange Act, and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, including without limitation Rule 16b-3 of the Exchange Act.  Notwithstanding anything herein to the contrary, this Agreement shall be administered, and the RSUs shall be granted, only in such a manner as to conform to such laws, rules and regulations.  To the extent permitted by applicable law, this 

		 

 

Agreement and the RSUs granted hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations.
		

		
			Section 5.8 ‐ Section 409A
		

		
			Section 409A of the Internal Revenue Code provides that “nonqualified deferred compensation” that does not meet the requirements specified in Section 409A may become subject to penalty taxes.  Currently, the Company does not believe that RSUs constitute nonqualified deferred compensation within the meaning of Section 409A; however, if, in the future, the RSUs are or may become subject to Section 409A, the Committee may make such modifications to the Plan and this Agreement as may become necessary or advisable, in the Committee’s sole discretion, to either comply with Section 409A or to avoid its application to the RSUs.
		

		
			Section 5.9 ‐ Amendment
		

		
			This Agreement and the Plan may be amended without the consent of the Participant provided that such amendment would not impair any rights of the Participant under this Agreement.  No amendment of this Agreement shall, without the written consent of the Participant, impair any rights of the Participant under this Agreement.
		

		
			Section 5.10 ‐ Tax Withholding
		

		
			The Company’s obligation to issue or deliver to the Participant any certificate or certificates for shares of Stock is expressly conditioned upon receipt from the Participant, on or prior to the date reasonably specified by the Company of:
		

		
			(a)Full payment (in cash or by check) of any amount that must be withheld by the Company, a Parent Corporation or Subsidiary for federal, state and/or local tax purposes; or
		

		
			(b)Subject to the Committee’s consent, full payment by delivery to the Company of unrestricted shares of Stock previously owned by the Participant, duly endorsed for transfer to the Company by the Participant with an aggregate Fair Market Value (determined, as applicable, as of the date of vesting or as of the date of the distribution) equal to the amount that must be withheld by the Company, a Parent Corporation or a Subsidiary for federal, state and/or local tax purposes; or
		

		
			(c)With respect to the withholding obligation for RSUs that become vested, subject to the Committee’s consent, full payment by retention by the Company of a portion of the shares deliverable in respect of such vested RSUs with an aggregated Fair Market Value (determined on the payment date) equal to the amount that must be withheld by the Company, a Parent Corporation or a Subsidiary for federal, state and/or local tax purposes; or
		

		
			(d)Subject to the Committee’s consent, a combination of payments provided for in the foregoing subsections (a), (b) and (c).
		

		
			With respect to each individual who was an executive officer of the Company and subject to Section 16 of the Exchange Act on the Grant Date only, the Committee in approving this RSU award has consented to payment of tax withholding obligations under subsection (c), or a combination of the methods set forth in (a) and (c), as the Participant may elect during such time periods as the Company may permit in compliance with all applicable legal requirements.
		

		
			 Notwithstanding anything herein to the contrary, the number of shares of Stock which may be withheld with respect to the payment of any RSUs in order to satisfy the Company’s federal, 

		 

 

state and/or local tax withholding obligations with respect to the payment of the RSUs shall be limited to the number of shares of Stock which have a Fair Market Value on the date of withholding equal to the aggregate amount of such withholding obligations based on the minimum applicable statutory withholding rates for federal, state and/or local income and payroll tax purposes.
		

		
			Section 5.11 ‐ Clawback
		

		
			Notwithstanding anything contained in the Agreement to the contrary, all RSUs awarded under this Agreement, and any shares of Stock issued upon settlement hereunder shall be subject to forfeiture, or repayment pursuant to the terms of any policy that the Company may implement in compliance with the requirements of applicable law, including without limitation the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder.
		

		
			Section 5.12 ‐ Governing Law
		

		
			The laws of the State of Delaware shall govern the interpretation, validity, administration, enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws.
		

		
			IN WITNESS HEREOF, this Agreement has been executed and delivered by the parties hereto.
		

		
			OWENS-ILLINOIS, INC.
		

		
			 
		

		
			 
		

		
			By: /s/ Paul A. Jarrell________________
		

		
			Paul A. Jarrell
		

		
			Senior Vice President & Chief Administrative OfficerExhibit

Execution Version

SEVENTH AMENDMENT TO CREDIT AGREEMENT
SEVENTH AMENDMENT, dated as of April 24, 2017 (this “Amendment”), to the Credit Agreement, dated as of May 24, 2012 (as amended, amended and restated, modified or supplemented from time to time prior to the date hereof, the “Credit Agreement”), among EPE Acquisition, LLC, a Delaware limited liability company (successor-by-merger to EPE Holdings, LLC) (“Holdings”), EP Energy LLC (f/k/a Everest Acquisition LLC), a Delaware limited liability company and a wholly-owned subsidiary of Holdings (the “Borrower”), the banks, financial institutions and other lending institutions from time to time parties as lenders thereto (each a “Lender” and collectively, the “Lenders”), JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and as collateral agent for the Lenders, the swingline lender and an issuer of Letters of Credit, and each other Issuing Bank from time to time party thereto.
W I T N E S S E T H:
WHEREAS, Section 13.1 of the Credit Agreement permits the Administrative Agent and/or the Collateral Agent and certain Lenders to enter into written amendments, supplements or modifications to the Credit Agreement and the other Credit Documents with the relevant Credit Parties.
WHEREAS, the Lenders party hereto and the Credit Parties desire to amend the Credit Agreement on the terms set forth herein.
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
ARTICLE I

Section 1.1.    Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein or the context otherwise requires.
ARTICLE II    
Section 2.1.    Amendments.  On the Amendment Effective Date (as defined below), Section 10.11 of the Credit Agreement is hereby amended as follows:
(a)    The Consolidated Total Debt to EBITDAX Ratio compliance table is amended to include the Test Periods ending after March 31, 2017, but prior to the Maturity Date, by inserting the following additional rows into the table in their appropriate chronological position:

723719855 12335469

	
		
	June 30, 2017
	4.50 to 1.00

	September 30, 2017
	4.50 to 1.00

	December 31, 2017
	4.50 to 1.00

	March 31, 2018
	4.50 to 1.00

	June 30, 2018
	4.50 to 1.00

	September 30, 2018
	4.50 to 1.00

	December 31, 2018
	4.50 to 1.00

	March 31, 2019
	4.50 to 1.00

(b)    The last paragraph in such section is amended and restated in its entirety to provide:
Notwithstanding the foregoing paragraph, the Borrower shall not be required to comply with the foregoing paragraph during the period from (and including) the Fifth Amendment Effective Date until (and including) March 31, 2019 (such period, the “Amendment Period”).  During the Amendment Period, the Borrower will not permit the Consolidated First Lien Debt to EBITDAX Ratio for any Test Period ending on the last day of each fiscal quarter of the Borrower ending during the Amendment Period to be greater than 3.00 to 1.00.  From and after the fiscal quarter ending June 30, 2019, the Borrower shall be required to comply with the preceding paragraph once again.
ARTICLE III    
Section 3.1.    Lender Approval of Redetermined Borrowing Base.  Each Lender party to this Amendment acknowledges and agrees that its delivery of a counterpart signature page to this Amendment shall constitute an affirmative approval by such Lender of the redetermination of the Borrowing Base pursuant to this Article III.
Section 3.2.    Redetermination of Borrowing Base.  On the Amendment Effective Date (and after giving effect to the delivery to the Administrative Agent of the written approval on or prior to the Amendment Effective Date by one or more Lenders that are not a party hereto, which comprise, together with the Lenders party hereto, not less than the Required Lenders), and until further adjusted, if at all, pursuant to the next redetermination of the Borrowing Base in accordance with the provisions of Section 2.14 of the Credit Agreement or otherwise, the amount of the Borrowing Base under the Credit Agreement shall be reaffirmed at $1,437,229,856.50.
Section 3.3.    Stipulations Regarding Redeterminations.  The Borrower, on the one hand, and the Administrative Agent and the Lenders, on the other hand, agree that the redetermination and adjustment of the Borrowing Base pursuant to this Article III shall constitute the regularly scheduled semi-annual April 2017 redetermination of the Borrowing Base pursuant to Section 2.14 of the Credit Agreement.
ARTICLE IV    

-2-
723719855 12335469

Section 4.1.    Conditions to Effectiveness.  This Amendment shall become effective on the date (the “Amendment Effective Date”) on which:
(a)    The Administrative Agent shall have received this Amendment, executed and delivered by a duly authorized officer of each of the Borrower, Holdings, each other Credit Party and Lenders constituting at least the Majority Lenders; and
(b)    Each of the Borrower and Holdings shall have confirmed and acknowledged to the Administrative Agent, each Issuing Bank and the Lenders, and by its execution and delivery of this Amendment each of the Borrower and Holdings does hereby confirm and acknowledge to the Administrative Agent, each Issuing Bank and the Lenders, that (i) such Credit Party shall have taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment, (ii) the Credit Agreement and each other Credit Document to which it or any of its applicable Subsidiaries that are Credit Parties is a party constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law) and (iii) no Default or Event of Default exists under the Credit Agreement or any of the other Credit Documents.
The Administrative Agent shall notify the Borrower and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding.
Section 4.2.    Ratification.  Each Credit Party hereby (a) ratifies and confirms all of the Obligations under the Credit Agreement (as amended hereby) and the other Credit Documents related thereto, and, in particular, affirms that, after giving effect to this Amendment, the terms of the Security Documents secure, and will continue to secure, all Obligations thereunder, and (b) represents and warrants to the Lenders that as of the effectiveness of this Amendment (i) all of the representations and warranties contained in the Credit Document to which it is a party are true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of such date (except where such representations and warranties expressly relate to an earlier date, in which case, such representations and warranties shall have been true and correct in all material respects  as of such earlier date) and (ii) no Default or Event of Default has occurred and is continuing.
Section 4.3.    Continuing Effect; No Other Amendments or Waivers. This Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Credit Documents except as expressly stated herein and shall not be construed as an amendment, waiver or consent to any action on the part of the Borrower that would require an amendment, waiver or consent of the Administrative Agent or the Lenders except as expressly stated herein.  Except as expressly waived hereby, the provisions of the Credit Agreement and the other Credit Documents are and shall remain in full force and effect in accordance with their terms.
ARTICLE V    
Section 5.1.    Amendment Fee.  Upon the effectiveness of this Amendment pursuant to Section 4.1, the Borrower shall pay to the Administrative Agent for the account of each Lender that has delivered an executed counterpart signature page to this Amendment to the Administrative Agent or its counsel on or before 12:00 p.m. central time on April 24, 2017 (each such Lender, an “Approving Lender”), a fee equal to ten (10) basis points on each consenting Lender’s Commitment.

-3-
723719855 12335469

ARTICLE VI    
Section 6.1.    Release.  In order to induce the Administrative Agent and the Lenders to enter into this Amendment, each of Holdings, the Borrower and the Subsidiary Guarantors, on behalf of themselves and their respective Related Parties (collectively, the “Releasing Parties”), acknowledges and agrees that: (a) none of the Releasing Parties has any claim or cause of action against the Administrative Agent, the Collateral Agent, the Swingline Lender, any Letter of Credit Issuer or any Approving Lender, in each case, along with any of their respective Related Parties (collectively, the “Released Parties”) relating to or arising out of the Credit Agreement, the other Credit Documents or any agreement entered into in connection therewith; (b) to the knowledge of any officer of Holdings, the Borrower or any Subsidiary Guarantors, none of the Releasing Parties has any offset right, counterclaim or defense of any kind against any of their respective obligations, Indebtedness or liabilities to the Administrative Agent, the Collateral Agent, the Swingline Lender, any Letter of Credit Issuer or any Approving Lender; and (c) each of the Administrative Agent, the Collateral Agent, the Swingline Lender, each Letter of Credit Issuer or each Approving Lender has heretofore properly performed and satisfied in a timely manner all of its obligations to Holdings, the Borrower and its Subsidiaries under the Credit Agreement and the other Credit Documents to which it is a party.  Each of Holdings, the Borrower and the Subsidiary Guarantors wishes to eliminate any possibility that any past conditions, acts, omissions, events, circumstances or matters would impair or otherwise adversely affect any of the Administrative Agent’s, the Collateral Agent’s, the Swingline Lender’s, any Letter of Credit Issuer’s or any Approving Lender’s rights, interests, contracts, or remedies under the Credit Agreement and the other Credit Documents, whether known or unknown, as applicable.  Therefore, each of Holdings, the Borrower and the Subsidiary Guarantors, on behalf of the Releasing Parties, unconditionally releases, waives and forever discharges (x) any and all liabilities, obligations, duties, promises or Indebtedness of any kind of the Administrative Agent, the Collateral Agent, the Swingline Lender, any Letter of Credit Issuer or any Approving Lender to the Releasing Parties, except the obligations to be performed by any of them on or after the date hereof as expressly stated in the Credit Agreement and the other Credit Documents, and (y) all claims, offsets, causes of action, suits or defenses of any kind whatsoever (if any), whether arising at law or in equity, whether known or unknown, which the Releasing Parties might otherwise have against any of the Released Parties, in each case under clause (x) or clause (y), (A) on account of any past or presently existing condition, act, omission, event, contract, liability, obligation, Indebtedness, claim, cause of action, defense, circumstance or matter of any kind and (B) relating to or arising out of the Credit Agreement, the Credit Documents or any agreement entered into in connection therewith.  The Released Parties shall not be liable with respect to, and each of Holdings, the Borrower and the Subsidiary Guarantors hereby waives, releases and agrees not to sue for, any special, indirect or consequential damages relating to the Credit Agreement and the other Credit Documents or arising out of activities in connection herewith or therewith (whether before, on or after the date hereof).  The Releasing Parties acknowledge that the foregoing waiver was separately bargained for and is a key element of this Amendment.
ARTICLE VII    
Section 7.1.    Counterparts. This Amendment may be executed in any number of separate counterparts by the parties hereto (including by telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument.
Section 7.2.    GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND 

-4-
723719855 12335469

CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Section 7.3.    FINAL AGREEMENT.  THE CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS, WHICH SHALL INCLUDE THIS AMENDMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.

-5-
723719855 12335469

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written.
	
		
	EPE ACQUISITION LLC (SUCCESSOR TO EPE HOLDINGS LLC)

	 
	 

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

	 
	 

	EP ENERGY LLC (F/K/A EVEREST ACQUISITION LLC)

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

Signature Page – Seventh Amendment
723719855 12335469

FOR PURPOSES OF ACKNOWLEDGING AND AGREEING TO SECTION 4.2 and ARTICLE VI HEREOF, each of the Subsidiary Guarantors has caused this Agreement to be executed by its officer(s) thereunto duly authorized as of the date first above written.
	
		
	EVEREST ACQUISITION FINANCE INC.

	 
	 

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

	 
	 

	EP ENERGY GLOBAL LLC

	 
	 

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

	 
	 

	EP ENERGY E&P COMPANY, L.P.

	 
	 

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

	 
	 

	EP ENERGY MANAGEMENT, L.L.C.

	 
	 

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

	 
	 

	EP ENERGY RESALE COMPANY, L.L.C.

	 
	 

	By:
	/s/ Kyle A. McCuen       

	 
	Name: Kyle A. McCuen

	 
	Title: Vice President, Interim Chief Financial Officer and Treasurer

	 
	 

Signature Page – Seventh Amendment
723719855 12335469

	
		
	JPMORGAN CHASE BANK, N.A., as

	 
	Administrative Agent and as a Lender

	 
	 

	By:
	/s/ Jo Linda Papadakis      

	 
	Name: Jo Linda Papadakis

	 
	Title: Authorized Officer

	 
	 

Signature Page – Seventh Amendment
723719855 12335469

	
		
	CITIBANK, N.A., as a Lender

	 
	 

	By:
	/s/ Cliff Vaz    

	 
	Name: Cliff Vaz

	 
	Title: Vice President

	 
	713/821-4728

Signature Page – Seventh Amendment
723719855 12335469

	
		
	BMO HARRIS FINANCING, INC., as a Lender

	 
	 

	By:
	/s/ Kevin Utsey   

	 
	Name: Kevin Utsey

	 
	Title: Director

	 
	 

Signature Page – Seventh Amendment
723719855 12335469

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
By:    /s/ Mikhail Faybusovich     
    Name: Mikhail Faybusovich 
    Title: Authorized Signatory
By:    /s/ Lea Baerlocher     
    Name: Lea Baerlocher 
    Title: Authorized Signatory

Signature Page – Seventh Amendment
723719855 12335469

DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
By:    /s/ Marcus Tarkington     
    Name: Marcus Tarkington 
    Title: Director
By:    /s/ Dusan Lazarov     
    Name: Dusan Lazarov 
    Title: Director

Signature Page – Seventh Amendment
723719855 12335469

ROYAL BANK OF CANADA, as a Lender
By:    /s/ Kristan Spivey     
    Name: Kristan Spivey 
    Title: Authorized Signatory

Signature Page – Seventh Amendment
723719855 12335469

UBS AG, STAMFORD BRANCH, as a Lender
By:    /s/ Craig Pearson     
    Name: Craig Pearson 
    Title: Associate Director 
    Banking Product Services, US
By:    /s/ Darlene Arias     
    Name: Darlene Arias 
    Title: Director

Signature Page – Seventh Amendment
723719855 12335469

CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender
By:    /s/ William M. Reid     
    Name: William M. Reid 
    Title: Authorized Signatory
By:    /s/ Donovan Broussard     
    Name: Donovan Broussard 
    Title: Authorized Signatory

Signature Page – Seventh Amendment
723719855 12335469

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

Signature Page – Seventh Amendment
723719855 12335469

Wells Fargo Bank, N.A., as a Lender
By:    /s/ Stephanie Harrell     
    Name: Stephanie Harrell 
    Title: Vice President

Signature Page – Seventh Amendment
723719855 12335469

SOCIETE GENERALE, as a Lender
By:    /s/ Max Sonnonstine     
    Name: Max Sonnonstine 
    Title: Director

Signature Page – Seventh Amendment
723719855 12335469

SunTrust Bank, as a Lender
By:    /s/ Janet R. Naifeh     
    Name: Janet R. Naifeh 
    Title: Senior Vice President

Signature Page – Seventh Amendment
723719855 12335469

Toronto Dominion (New York) LLC, as a Lender
By:    /s/ Annie Dorval     
    Name: Annie Dorval 
    Title: Authorized Signatory

Signature Page – Seventh Amendment
723719855 12335469

SUMITOMO MITSUI BANKING CORPORATION, as a Lender
By:    /s/ Toshitake Funaki     
    Name: Toshitake Funaki 
    Title: Managing Director

Signature Page – Seventh Amendment
723719855 12335469

DNB CAPITAL LLC, as a Lender
By:    /s/ James Grubb     
    Name: James Grubb 
    Title: Vice President
By:    /s/ Byron Cooley     
    Name: Byron Cooley 
    Title: Senior Vice President

Signature Page – Seventh Amendment
723719855 12335469

BANK OF AMERICA, N.A., as a Lender
By:    /s/ Raza Jafferi     
    Name: Raza Jafferi 
    Title: Vice President

Signature Page – Seventh Amendment
723719855 12335469

CITIZENS BANK N.A., as a Lender
By:    /s/ David W. Stack     
    Name: David W. Stack 
    Title: Senior Vice President

Signature Page – Seventh Amendment
723719855 12335469

MIZUHO BANK, LTD., as a Lender
By:    /s/ James R. Fayen     
    Name: James R. Fayen 
    Title: Managing Director

Signature Page – Seventh Amendment
723719855 12335469

GOLDMAN SACHS BANK USA, as a Lender
By:    /s/ Ushma Dedhiya     
    Name: Ushma Dedhiya 
    Title: Authorized Signatory

Signature Page – Seventh Amendment
723719855 12335469

COMERICA BANK, as a Lender
By:    /s/ Jason Klesel     
    Name: Jason Klesel 
    Title: Assistant Vice President

Signature Page – Seventh Amendment
723719855 12335469

NOMURA CORPORATE FUNDING AMERICAS, LLC, as a Lender
By:    /s/ Andrew Keith     
    Name: Andrew Keith 
    Title: Executive Director

Signature Page – Seventh Amendment
723719855 12335469

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]