Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.5

SECOND AMENDMENT TO LOAN AGREEMENT

This Second Amendment to Loan Agreement (this “Amendment”) dated as of
February 11, 2008, is made among GMX Resources Inc., an Oklahoma corporation (the “Borrower”),
Capital One, National Association, a national banking association, as administrative agent (the
“Agent”), and Union Bank of California, N.A. and Capital One, National Association, as Banks (the
“Banks”), who agree as follows:

RECITALS

A. This Second Amendment to Loan Agreement pertains to that certain Second Amended and
Restated Loan Agreement (Line of Credit) dated as of October 31, 2007, among the Borrower, the
Agent and the Banks, as amended by the First Amendment dated as of December 20, 2007 (as amended,
the “Loan Agreement”). As used in this Amendment, capitalized terms used herein without definition
herein shall have the meanings provided in the Loan Agreement.

B. The Borrower, the Agent and the Banks desire to amend the Loan Agreement to permit the
Borrower’s issuance of senior unsecured convertible notes, on the terms provided herein, and to
provide for other matters pertinent to the Loan.

AGREEMENT

NOW, THEREFORE, in consideration of the terms and conditions contained herein, and the loans
and extensions of credit heretofore, now or hereafter made to the Borrower by the Banks, the
parties hereto hereby agree as follows:

ARTICLE 1.

AMENDMENT AND AGREEMENT

1.1 Section 1.2 of the Loan Agreement is hereby amended by adding the following definitions of
“Convertible Debt” and “Preliminary OM”, each in its proper alphabetical place, and revising the
definition of “Interest Expense”, all as set forth below:

“Convertible Debt” shall mean Debt of Borrower which (i)
does not exceed $135,000,000.00 in aggregate principal amount, (ii)
is unsecured by any Liens, (iii) has a stated (non-default) interest
rate of less than eight (8%) percent per annum, (iv) has a stated
maturity date no earlier than February 1, 2013, (v) sets forth
covenants that are no more restrictive on the Companies and their
operations and affairs than the covenants described in the
Preliminary OM, and (vi) is not subject to redemption, repurchase or
conversion in any part earlier than November 1, 2012, except for
the redemptions, repurchases or conversions described in the
Preliminary OM.

 

 

 

“Preliminary OM” shall mean the Preliminary Offering
Memorandum relating to the offer and sale of the Convertible Debt,
revised draft dated February 4, 2008.

The definition of “Interest Expense” shall be amended to insert the
words “in cash” between the words “payable” and “(without” in the
second line thereof.

1.2 Subsection (a) of Section 4.21 is hereby amended and restated, to read in its entirety as
follows:

(a) The Borrower has no Debt for borrowed money from any Person
(other than this Loan), except (i) the PVOG Production Payment (on
the terms described in the definition thereof), (ii) the Qualified
Subordinated Debt (on terms meeting the definition thereof)
described in the Intercreditor Agreement dated as of July 31, 2007,
among the Agent, the Banks, The Bank of New York Trust Company,
N.A., as Noteholder Collateral Agent, and The Prudential Insurance
Company of America, and (iii) the Convertible Debt (on terms meeting
the definition thereof). The Borrower has no material accounts
payable more than sixty days old. The only documents evidencing the
PVOG Production Payment are the Participation Agreement (including
all amendments).

1.3 Section 5.11 of the Loan Agreement is hereby amended by adding the following new
subsection (m), to read in its entirety as follows:

(m) The Borrower shall promptly furnish the Agent with (i) a copy of
any notice of default or waiver (retroactive or prospective)
pertaining to the Convertible Debt, (ii) copies of each amendment,
modification or waiver pertaining to the Convertible Debt or any new
agreement pertaining thereto, and (iii) notice of each redemption,
repurchase or conversion which occurs pertaining to the Convertible
Debt.

1.4 Subsection (a) of Section 5.15 of the Loan Agreement is amended to add a sentence at the
end of such section reading as follows:

Notwithstanding the foregoing, the Convertible Debt shall not be
considered a current liability upon satisfaction of the Sale Price
Condition (as described in the Preliminary OM in the provisions set
forth under “Conversion upon Satisfaction of Sale Price Condition”),
unless and until one or more notes constituting Convertible Debt are
surrendered for conversion and then only to the extent of the cash
payment due on the conversion of the notes surrendered.

 

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1.5 Section 6.1 of the Loan Agreement is hereby amended by adding the following new subsection
(i), to read in its entirety as follows:

(i) Convertible Debt, on terms complying with the definition
thereof.

1.6 Section 6.12 of the Loan Agreement is hereby amended and restated, to read in its entirety
as follows:

Section 6.12 Management. The Borrower will not permit or
suffer a change in the key management of the Borrower and its
Affiliates to occur. For purposes of this Section, key management
shall mean the continued active full time employment of Ken
Kenworthy, Jr. (as CEO and President); provided, however,
that the cessation of active employment of such officer due to death
or disability shall not be a Default hereunder so long as the
Borrower hires or promotes a replacement officer with experience and
qualifications reasonably acceptable to the Agent and the Required
Banks within four (4) months of the former officer’s cessation of
activity.

1.7 The percentage used for the definition of change in control in Section 6.13 of the Loan
Agreement shall be amended to be 50% instead of 33%.

1.8 The Loan Agreement is hereby amended by adding the following new Section 6.17 to read in
its entirety as follows:

Section 6.17 Convertible Debt. (a) The Borrower will not
make any cash or other payment (whether in securities or other
property), including any sinking fund or similar deposit, on account
of the conversion, redemption, retirement, purchase, acquisition,
cancellation or termination of any of the Convertible Debt prior to
February 1, 2013, whether optional or mandatory by the Borrower,
except that (1) the Borrower may issue common stock on
conversion of any Convertible Debt and (2) if at the time thereof
and immediately after giving effect thereto no Default or Event of
Default shall have occurred and be continuing (or be created), and
no Loan Excess shall then exist, the Borrower may make any cash
payment and may issue any other securities required upon any
conversion, redemption, retirement, purchase, acquisition,
cancellation or termination of the Convertible Debt consistent with
the provisions set forth in the Preliminary OM.

(b) The Borrower will not make any cash or other payment or transfer
of property for interest on account of any Convertible Debt if at
the time thereof, or if immediately after giving effect thereto, a
Default or Event of Default shall have occurred and be continuing
(or be created) or a Loan Excess shall then exist.

 

- 3 -

 

(c) The Borrower shall issue the Convertible Debt on terms that are
consistent in all material respects with the description of the
Convertible Debt set forth in the Preliminary OM previously provided
to the Banks, subject to the limitations set forth in the definition
of Convertible Debt. The Borrower shall within two business days
after the closing of such offering provide to Agent a certificate of
an officer of the Borrower attaching true, correct and complete
copies of all final documentation for such sale (including without
limitation a copy of the final offering memorandum and indenture for
any Convertible Debt). The Borrower shall not enter into or agree
to any amendment, modification or waiver of any term or condition
of, or any of its rights under, the documents pertaining to any
issued Convertible Debt, which amendment, modification or waiver
could, in the reasonable opinion of the Agent, materially and
adversely affect the interests of the Banks.

1.9 For the avoidance of doubt, the Borrower acknowledges and agrees that Debt shall include
the Convertible Debt for purposes of Section 8.1(f)(z) of the Loan Agreement.

1.10 Section 8.1 of the Loan Agreement is amended by adding the following new subsection (p)
to read in its entirety as follows:

(p) Fundamental Change. A “fundamental change” as defined in the
Preliminary OM occurs.

1.11 The Borrower acknowledges and agrees that upon the date of funding of the Convertible
Debt, the Borrower shall pay in full the Excess Outstanding, and thereafter the Borrowing Base
shall be ninety million ($90,000,000.00) dollars subject to future change in accordance with the
terms of the Loan Agreement.

ARTICLE 2.

ACKNOWLEDGMENT OF COLLATERAL

2.1 The Borrower hereby specifically reaffirms all of the Collateral Documents. The Borrower
hereby confirms and agrees that the Collateral Documents secure the Loan Agreement as amended by
this Amendment.

 

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ARTICLE 3.

MISCELLANEOUS

3.1 The Borrower represents and warrants to the Agent and the Banks (which representations and
warranties will survive the execution of this Amendment) that (i) all representations and
warranties contained in the Loan Agreement and the Collateral Documents are true and correct on and
as of the date hereof as though made on and as of such date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true and correct on and as of such earlier
date, (ii) no event has occurred and is continuing as of the date hereof which constitutes a
Default or Event of Default, (iii) there has not occurred any material adverse change in the
Collateral or other assets, liabilities, financial condition, business operations, affairs or
circumstances of the Borrower and the Subsidiaries taken as a whole or any other facts,
circumstances or conditions (financial or otherwise) upon which a Bank has relied or utilized in
making its decision to enter into this Amendment, and (iv) there is no defense, offset,
compensation, counterclaim or reconventional demand with respect to amounts due under, or
performance of, the terms of the Notes and the Loan Agreement. To the extent any such defense,
offset, compensation, counterclaim or reconventional demand or other causes of action by the
Borrower against the Agent or any Bank might exist, whether known or unknown, such items are hereby
waived by the Borrower.

3.2 Except as expressly modified by this Amendment, all terms and provisions of the Loan
Agreement are hereby ratified and confirmed and shall be and shall remain in full force and effect,
enforceable in accordance with its terms.

3.3 The Borrower agrees to pay on demand all costs and expenses of the Agent and the Banks in
connection with the preparation, reproduction, execution and delivery of this Amendment and the
other instruments and documents to be delivered hereunder (including the reasonable fees and
expenses of counsel for the Agent). In addition, Borrower shall pay any and all stamp or other
taxes, recordation fees and other fees payable in connection with the execution, delivery, filing
or recording of this Amendment and the other instruments and documents to be delivered hereunder
and agrees to hold Agent and the Banks harmless from and against any all liabilities with respect
to or resulting from any delay or omission in paying such taxes or fees.

3.4 This Amendment may be executed in multiple separate counterparts, and it shall not be
necessary that the signatures of all parties hereto be contained on any one counterpart hereof;
each party’s signature may appear on a separate counterpart but all such counterpart taken together
shall constitute one and the same instrument. The parties specifically confirm their intent to be
bound by delivery of such signed counterparts by telecopier or pdf email.

3.5 The provisions of this Amendment shall become effective if and when, and only when, (i)
each and every representation and warranty of Borrower contained in this Amendment is true,
complete and accurate, (ii) no event exists which constitutes a Default, and (iii) the receipt by
the Agent of (x) a duly executed counterpart of this Amendment, (y) a certificate of the secretary
of the Borrower setting forth resolutions of its board of directors in form and substance
satisfactory to the Agent and Agent’s counsel with respect to the authorization of this Amendment,
and (z) a copy of the fully executed amendment to the Qualified Subordinated Debt which shall make
changes to the Qualified Subordinated Debt corresponding to those in Article 1 above, such
amendment to be in form, scope and substance satisfactory to the Agent and Agent’s counsel. The
Borrower hereby certifies by execution of this Amendment that the foregoing conditions (i) and (ii)
are satisfied and true and correct.

 

- 5 -

 

3.6 The Borrower shall provide the Agent promptly with complete and accurate copies of the
documents pertaining to the Convertible Debt.

3.7 Notwithstanding that such consent is not required under the Guaranty Agreements or the
other Collateral Documents, Endeavor and Diamond each consents to the execution and delivery of
this Amendment by the parties hereto. As a material inducement to the Agent and the Banks to amend
the Loan Agreement as set forth herein, Endeavor and Diamond each (i) acknowledges and confirms the
continuing existence, validity and effectiveness of its respective Guaranty Agreement and each of
the other Collateral Documents to which it is a party and (ii) agrees that the execution, delivery
and performance of this Amendment shall not in any way release, diminish, impair, reduce or
otherwise affect its obligations thereunder.

(Remainder of this Page Intentionally Left Blank; Signature Page Follows)

 

- 6 -

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the date first above written.

	 	 	 	 	 
	         BORROWER:	GMX RESOURCES INC.

 	 
	 	By:  	/s/ Ken L. Kenworthy, Jr.
 	 
	 	 	Name:  	Ken L. Kenworthy, Jr. 	 
	 	 	Title:  	President and CEO 	 

	 	 	 	 	 
	         AGENT:	CAPITAL ONE, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ David R. Reid
 	 
	 	 	Name:  	David R. Reid 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	         BANKS:	CAPITAL ONE, NATIONAL ASSOCIATION,

as a Bank

 	 
	 	By:  	/s/ David R. Reid
 	 
	 	 	Name:  	David R. Reid 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	UNION BANK OF CALIFORNIA, N.A.

 	 
	 	By:  	/s/ Jarrod Bourgeois
 	 
	 	 	Name:  	Jarrod Bourgeois 	 
	 	 	Title:  	Vice President 	 

 

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AGREED TO AND ACKNOWLEDGED by the undersigned for the purposes set forth in paragraph 3.7.

	 	 	 	 	 
	 	ENDEAVOR PIPELINE INC.

 	 
	 	By:  	/s/ Ken L. Kenworthy, Jr.
 	 
	 	 	Name:  	Ken L. Kenworthy, Jr. 	 
	 	 	Title:  	Secretary and Treasurer 	 

	 	 	 	 	 
	 	DIAMOND BLUE DRILLING CO.

 	 
	 	By:  	/s/ Richard Hart, Jr.
 	 
	 	 	Name:  	Richard Hart, Jr. 	 
	 	 	Title:  	President 	 
	 

 

- 8 -Filed by Bowne Pure Compliance

 

Exhibit 10.6

EXECUTION VERSION

AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT

AND LIMITED CONSENT

THIS AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT (this “Amendment”), dated effective as
of February 11, 2008, is between GMX Resources Inc., an Oklahoma corporation (the
“Company”), and the noteholder listed on the signature page hereto (the
“Noteholder”).

R E C I T A L S:

A. The Company and the Noteholder entered into that certain Note Purchase Agreement dated as
of July 31, 2007 (as so amended, modified, restated, supplemented, renewed, extended, increased,
rearranged and/or substituted from time to time, the “Note Agreement”). Capitalized terms
used and not otherwise defined herein shall have the meanings ascribed to them in the Note
Agreement.

B. Reference is made to that certain Subordinated Guaranty Agreement (the “Guaranty
Agreement”) dated as of July 31, 2007, entered into by Endeavor Pipeline Inc., an Oklahoma
corporation (“Endeavor”), and Diamond Blue Drilling Co., an Oklahoma corporation
(“Diamond”, and together with Endeavor, the “Subsidiary Guarantors”).

C. The Company has advised the Noteholder that the Company intends to issue senior unsecured
fixed rate convertible notes (the “Convertible Debt”) in the aggregate principal amount of
up to $135,000,000 pursuant to that certain Preliminary Offering Memorandum draft dated as of
February 4, 2008 (the “Preliminary OM”).

D. The Company has requested that the Noteholder agree to (i) consent to the issuance of the
Convertible Debt pursuant to paragraph 6P of the Note Agreement and (ii) amend the Note Agreement
as more fully described hereinbelow.

E. The Noteholder executing this Amendment constitutes the Required Holders pursuant to
paragraph 11C of the Note Agreement and is willing to agree to such amendments, subject to the
performance and observance in full of each of the covenants, terms and conditions, and in reliance
upon all of the representations and warranties of the Company, set forth herein.

NOW, THEREFORE, in consideration of the premises and the covenants, terms, conditions,
representations and warranties herein contained, the parties hereto hereby agree as follows:

Section 1. AMENDMENTS TO NOTE AGREEMENT. Subject to the covenants, terms and conditions set
forth herein and in reliance upon the representations and warranties of the Company herein
contained, the Company and the Noteholder hereby agree to amend the Note Agreement as set forth
below, effective as of the Amendment Effective Date (as hereinafter defined):

 

 

 

(a) Existing Defined Terms. The following defined terms in Paragrgaph 10B of the Note
Agreement are hereby amended as follows:

(i) The defined term “Change in Control” is hereby amended by replacing “33%” with “50%”
occurring in clause (a) therein.

(ii) The defined term “Change in Management” is hereby amended and restated in its entirety to
read as follows:

“Change in Management” shall mean that Ken Kenworthy, Jr. shall cease to continue in
the active, full-time employment of the Company as Chief Executive Officer and
President; provided, that the cessation of active employment of such officer
due to death or disability shall not constitute a “Change in Management” so long as
the Company hires or promotes a replacement officer with experience and
qualifications reasonably acceptable to the Required Holders within four months
after the former officer’s cessation of activity.

(iii) The defined term “Interest Expense” is hereby amended by (1) deleting the parenthetical
phrase “(whether paid or accrued)” and replacing such phrase with the phrase “and payable in cash”
immediately after the phrase “fees incurred” occuring in the second line therein, (2) deleting
existing clause “(ii)” in its entirety occuring therein and (3) renumbering existing clause “(iii)”
as clause “(ii)”.

(b) New Defined Terms. Paragrgaph 10B of the Note Agreement is hereby amended by adding the
following definitions in their respective alphabetical order:

“Convertible Debt” shall mean Indebtedness of the Company which (i) does not exceed
$135,000,000 in aggregate principal amount, (ii) is unsecured by any Liens, (iii)
has a stated (non-default) interest rate of less than eight percent (8%) per annum,
(iv) has a stated maturity date of no earlier than February 1, 2013, (v) sets forth
covenants that are no more restrictive on the Companies and their operations and
affairs than the covenants described in the Preliminary OM, and (vi) is not subject
to redemption, repurchase or conversion in any part earlier than November 1, 2012,
except for the redemptions, repurchases or conversions described in the Preliminary
OM.

“Preliminary OM” shall mean that certain Preliminary Offering Memorandum draft
relating to the offer and sale of the Convertible Debt dated as of January 31, 2008.

(c) Existing Covenant. Paragraph 6D is hereby amended by inserting the following new clause
"(vi)”, renumbering existing clause “(vi)” as clause “(vii)” and deleting the word “and” occurring
at the end of existing clause “(v)”:

“(vi) Convertible Debt, on terms complying with the definition thereof; and”

 

 

 

(d) New Covenant. Paragraph 6 is hereby amended by adding the following new paragraph 6S to
read in its entirety as follows:

“6S. Convertible Debt. (i) The Company will not make any cash or other payment
(whether in securities or other property), including any sinking fund or similar
deposit, on account of the conversion, redemption, retirement, purchase,
acquisition, cancellation or termination of any of the Convertible Debt prior to
February 1, 2013, whether optional or mandatory by the Company, except that (a) the
Company may issue common stock on conversion of any Convertible Debt and (b) if at
the time thereof and immediately after giving effect thereto, no Default or Event of
Default shall have occurred and be continuing (or be created), the Company may make
any cash payment and may issue any other securities required upon any conversion,
redemption, retirement, purchase, acquisition, cancellation or termination of the
Convertible Debt consistent with the provisions set forth in the Preliminary OM.

(ii) The Company will not make any cash or other payment or transfer of property for
interest on account of any Convertible Debt if at the time thereof, or if
immediately after giving effect thereto, a Default or Event of Default shall have
occurred and be continuing (or be created).

(iii) The Company shall issue the Convertible Debt on terms that are consistent in
all material respects with the description of the Convertible Debt set forth in the
Preliminary OM previously provided to the holders of the Notes, subject to the
limitations set forth in the definition of Convertible Debt. The Company shall
within two business days after the closing of such offering provide to the Required
Holders a certificate of an officer of the Company attaching true, correct and
complete copies of all final documentation for such sale (including without
limitation a copy of the final offering memorandum and indenture for any Convertible
Debt). The Company shall not enter into or agree to any amendment, modification or
waiver of any term or condition of, or any of its rights under, the documents
pertaining to any issued Convertible Debt, which amendment, modification or waiver
could, in the reasonable opinion of the Required Holders, materially and adversely
affect the interests of the Required Holders.”

Section 2. CONDITIONS PRECEDENT. The parties hereto agree that this Amendment and the
amendment to the Note Agreement contained herein shall become effective as of February 1, 2008,
upon the satisfaction of each of the following conditions:

(a) Execution and Delivery of this Amendment. The Noteholder shall have received a copy of
this Amendment executed and delivered by the Company and the Subsidiary Guarantors.

(b) Bank Amendment. The Noteholder shall have received a fully executed copy of an amendment
to the Bank Facility which shall make changes to the Bank Facility corresponding to those in Section 1 above, such amendment to be in form, scope and substance satisfactory to
the Required Holders.

 

 

 

(c) Representations and Warranties. Each of the representations and warranties made in this
Amendment shall be true and correct on and as of the Amendment Effective Date as if made on and as
of such date, both before and after giving effect to this Amendment.

Section 3. LIMITED CONSENT.

(a) Subject to the terms and conditions set forth herein, the Noteholder hereby consents to
the issuance of the Convertible Debt, to the extent that such issuance would otherwise violate
paragraph 6P of the Note Agreement; provided that the Convertible Debt complies with the
terms provided within the definition thereof.

(b) Except as explicitly set forth in this Section 3, nothing herein is intended to affect the
continuing obligations of the Companies to comply with, or the continuing rights of the Noteholder
with respect to, any provision of the Note Agreement or the Subsidiary Guaranty, respectively.

Section 4. REPRESENTATIONS AND WARRANTIES. To induce the Noteholder to enter into this
Amendment and to agree to the amendments contained herein, the Company represents and warrants to
the Noteholder as follows:

(a) No Default. No Default or Event of Default exists under any of the Note Documents. As
of the date hereof, the Company is not in default under or with respect to (i) its charter
documents or (ii) any material contractual obligation of the Company. The execution, delivery
and performance of this Amendment shall not result in any default under any contractual
obligation of the Company in any respect.

(b) Binding Effect. This Amendment, the Note Agreement as amended hereby, and the other
Note Documents constitute the legal, valid and binding obligations of the Company, enforceable in
accordance with their terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by
equitable principles relating to enforceability.

Section 5. MISCELLANEOUS.

(a) Headings. Section and subsection headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other
purpose or be given any substantive effect.

(b) APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

 

 

(c) Counterparts and Amendment Effective Date. This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. Each counterpart may consist of a number of copies
hereof, each signed by less than all, but together signed by all, the parties hereto. Delivery
of this Amendment may be made by telecopy or electronic transmission of a duly executed
counterpart copy hereof; provided that any such delivery by electronic transmission shall
be effective only if transmitted in .pdf format, .tif format or other format in which the text is
not readily modifiable by any recipient thereof. This Amendment shall become effective as of
February 1, 2008 when each of the conditions set forth in Section 2 of this Amendment have been
satisfied (the “Amendment Effective Date”).

(d) Affirmation of Obligations. Notwithstanding that such consent is not required under the
Guaranty Agreement, or any of the other Note Documents to which it is a party, each of the
Subsidiary Guarantors consents to the execution and delivery of this Amendment by the parties
hereto. As a material inducement to the undersigned to amend the Note Agreement as set forth
herein, each of the Subsidiary Guarantors (i) acknowledges and confirms the continuing existence,
validity and effectiveness of the Guaranty Agreement and each of the other Note Documents to which
it is a party and (ii) agrees that the execution, delivery and performance of this Amendment shall
not in any way release, diminish, impair, reduce or otherwise affect its obligations thereunder.

(e) Note Document. This Amendment is a Note Document and all of the provisions of the Note
Agreement which apply to Note Documents apply hereto.

(Remainder of Page Intentionally Left Blank; Signature Page Follows)

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered
by their proper and duly authorized officers effective as of the Amendment Effective Date.

	 	 	 	 	 
	 	 	GMX RESOURCES INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Ken L. Kenworthy, Jr.
	 

	 	 	 	 
	 

	 	Name:
	 	Ken L. Kenworthy, Jr.
	 

	 	Title:
	 	President

Signature Page to Amendment No. 1 to Note Purchase Agreement

 

 

 

The foregoing is hereby

agreed to as of the

date thereof.

NOTEHOLDER:

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

	 	 	 	 	 
	By:

	 	Ric E. Abel
 

Vice President
	 	 

Signature Page to Amendment No. 1 to Note Purchase Agreement

 

 

 

Agreed to and acknowledged by the undersigned for the purposes set forth in Section 5(d):

	 	 	 	 	 
	 	 	SUBSIDIARY GUARANTORS:
	 
	 	 	 	 
	 	 	ENDEAVOR PIPELINE INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s Ken L. Kenworthy, Jr.
	 

	 	 	 	 
	 

	 	Name:
	 	Ken L. Kenworthy, Jr.
	 

	 	Title:
	 	Secretary and Treasurer
	 
	 	 	 	 
	 	 	BLUE DIAMOND DRILLING CO.
	 
	 	 	 	 
	 

	 	By:
	 	Rick Hart
	 

	 	 	 	 
	 

	 	Name:
	 	Rick Hart
	 

	 	Title:
	 	President

Signature Page to Amendment No. 1 to Note Purchase Agreement

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