Document:

Form of Grant Agreement

 Exhibit 10.7 
 DUNE ENERGY, INC. 
 2007 STOCK INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 
 1. Agreement to Grant Restricted Shares. Subject to the provisions and conditions described in this agreement (the “Agreement”) and the Dune Energy, Inc. 2007 Stock Incentive Plan
(as amended and in effect from time to time, the “Plan”), Dune Energy, Inc., a Delaware corporation (the “Company”), hereby agrees to grant to
                        (“Participant”) all rights, title and interest in the record and beneficial ownership of
                    shares (the “Restricted Shares”) of common stock, $.001 par value per share, of the Company (“Common Stock”).
By execution of this Agreement, Participant agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan as implemented by this Agreement, together with all rules and determinations from time to time issued by the
Committee pursuant to the Plan. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan, the terms of which are incorporated herein by reference. 

2. Grant Date. The grant of such Restricted Shares shall be effective as of November 18, 2010 (the “Grant
Date”). 
 3. Issuance and Transferability. Each certificate representing the shares of Restricted Stock
awarded under the Plan shall be registered in the name of the Participant and, during the Restricted Period, shall be left in deposit with the Company and a stock power endorsed in blank until such time as the restrictions on transfer have lapsed.
Any certificate or certificates representing shares of Restricted Stock shall bear a legend similar to the following: 

“The shares represented by this certificate have been issued pursuant to the terms of the Dune Energy, Inc. 2007 Stock Incentive Plan
(as amended and restated) and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such Plan or Award date November 18, 2010.” 

Until all restrictions lapse, the Restricted Stock shall not be (i) assignable, saleable, or otherwise transferable by the Participant except by
will or by the laws of descent and distribution or pursuant to a domestic relations order, or (ii) subject to any encumbrance, pledge or charge of any nature. Notwithstanding the foregoing, in the case of Participant’s death or Disability,
Participant’s rights under this Agreement may be exercised by Participant’s legal guardian (if the Participant becomes Disabled) or Participant’s legal representative or beneficiary. The executor or administrator of the
Participant’s estate, or the person or persons to whom the Participant’s rights under this Agreement will pass by will or the laws of descent or distribution, shall be deemed to be the Participant’s beneficiary or beneficiaries of the
rights of the Participant hereunder and shall be entitled to exercise such rights as are provided hereunder. Any attempted transfer in violation of the Plan or this Agreement shall be void and ineffective for all purposes. 

 4. Risk of Forfeiture. Participant shall immediately forfeit all rights
pursuant to this Agreement and to any nonvested portion of the Restricted Shares in the event of the Participant’s termination of Employment with the Company (or an Affiliate) under circumstances that do not cause such restrictions to lapse and
the Participant to become fully vested under the terms of this Agreement. In the event the Participant is terminated for Cause, Participant shall forfeit all rights to Restricted Shares (nonvested portions) on 12.01 a.m. on the date of termination.

 5. Repurchase & Recover Rights. The Company shall have the right to repurchase or recover such shares
for the amount of cash paid therefore, if any, if (i) the Participant shall terminate Employment with the Company (or an Affiliate) prior to the lapse of such restrictions under circumstances that do not cause such restrictions to lapse and
Participant to become fully vested or (ii) the Restricted Stock is forfeited by the Participant pursuant to the terms of the Agreement. 
 6. Vesting. Subject to Paragraphs 4 & 5 hereof and the terms of the Plan, Participant shall vest in all rights under the Restricted Shares and any rights of the Company to such shares
shall lapse with respect to the Restricted Shares on the earlier of (i) the dates set forth below; (ii) the termination, removal or resignation of the Participant for any reason (except for Cause) within one (1) year after the
effective date of a Change in Control, (iii) Participant’s Disability or (iv) Participant’s death. If not earlier vested, the Restricted Shares shall vest according to the following schedule, provided that the Participant is
continuously employed by the Company (or an affiliate) from the Grant Date to the applicable vesting date: 
  

			
	Vesting Date	  	No. of Restricted Shares
		
	November 18, 2011	  	(Shares 1/3)
		
	November 18, 2012	  	(Shares 1/3)
		
	November 18, 2013	  	(Shares 1/3)

 Upon vesting of the Restricted Shares, the
Committee shall issue and deliver to Participant a certificate for such shares without the legend set forth in Section 2 above for the number of shares that are no longer subject to such restrictions, terms and conditions, less the shares
withheld for taxes, if such withholding is permitted pursuant to the Plan and at the sole discretion of the Committee. 
 7.
Ownership Rights/Dividends. Subject to the reservations set forth in this Agreement, the Plan and Paragraph 9, upon Participant’s grant of the Restricted Shares, the Participant shall have all the rights of a stockholder with respect
to such shares including the right to vote and the right to receive dividends or other distributions paid or made with respect to such shares. The Restricted Shares shall be registered in the name of the Participant and at the address set forth
below the Participant’s signature attached hereto. 

  
 2 

 8. Reorganization of the Company. The existence of this Agreement shall not
affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; any merger or
consolidation of the Company; any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Restricted Shares or the rights thereof; the dissolution or liquidation of the Company, or any sale or transfer of all or any
part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 9.
Certain Restrictions. By executing this Agreement, Participant acknowledges that he will enter into such written representations, warranties and agreements and execute such documents as the Company may reasonably request in order to
comply with the securities law or any other applicable laws, rules or regulations, or with this document or the terms of the Plan. 
 10. No Guarantee of Employment. The grant of Restricted Stock shall not be construed as giving the Participant the right to be retained in the employ of the Company or any Affiliate.
Further, the Company or any Affiliate may at any time dismiss the Participant from employment, free from any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in the Plan or this Agreement. 

11. Withholding of Taxes. Any issuance of Common Stock pursuant to this Agreement shall not be made until appropriate
arrangements satisfactory to the Company have been made for the payment of any tax amounts (federal, state, local or other) that may be required to be withheld or paid to the Company with respect thereto. Participant agrees that, if he makes an
election under Section 83(b) of the Internal Revenue Code of 1986, as amended, with regard to the Restricted Shares, he will so notify the Company in writing within two (2) days after making such election, so as to enable the Company to
timely comply with any applicable governmental reporting requirements. 
 12. No Guarantee of Tax Consequences.
None of the Board, the Company nor the Committee makes any commitment or guarantee that any federal, state or local tax treatment will (or will not) apply or be available to any person eligible for the benefits under this Agreement. 

13. Severability. In the event that any provision of the Agreement shall be held illegal, invalid, or unenforceable for any
reason, such provision shall be construed or deemed amended to conform with the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the
Agreement, such provision shall be fully severable and shall not affect the remaining provisions of the Agreement, and the Agreement shall be construed and enforced as if the illegal, invalid, or unenforceable provision had never been included
herein. 

  
 3 

 14. Governing Law. This Agreement shall be determined in accordance with
applicable federal law and the laws of the State of Delaware, without regard to any principles of conflicts of law. 
 IN WITNESS WHEREOF, the Agreement is executed this 1st day of December 2010. 
  

			
	COMPANY:
	
	DUNE ENERGY, INC.
	
	 James A. Watt

President & CEO

	
	PARTICIPANT:
	
	 
	(Signature)
		
	 Date:
	 	 
		
	 Address:
	 	
	
	 
	
	 
	
	 

  
 4Fourth Amendment to Credit Agreement

 Exhibit 10.19 
 FOURTH AMENDMENT TO 
 CREDIT AGREEMENT 

FOURTH AMENDMENT, dated as of May 21, 2010 (this “Amendment”), to the Credit Agreement, dated as of May 15,
2007 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the lenders identified on the signature pages thereof (such lenders, together with their respective successors and
permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), Wells Fargo Capital Finance, Inc. (f/k/a Wells Fargo Foothill, Inc.), a California corporation, as the
arranger and administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, “Agent”), Dune Energy, Inc., a Delaware corporation (“Parent”), and each of
Parent’s Subsidiaries identified on the signature pages thereof as a Borrower (such Subsidiaries, together with Parent, are referred to hereinafter each individually as a “Borrower”, and individually and collectively, jointly
and severally, as the “Borrowers”), and each of Parent’s Subsidiaries identified on the signature pages thereof as a Guarantor (such Subsidiaries are referred to hereinafter each individually as a “Guarantor”,
and individually and collectively, jointly and severally, as the “Guarantors”; and together with Borrowers, each a “Loan Party” and collectively, the “Loan Parties”). 

WHEREAS, the Loan Parties, the Agent and the Lenders agree to modify the Credit Agreement on and subject to the terms set forth herein;

 NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereto hereby agree as
follows: 
 1. Definitions. Any capitalized term used herein and not defined shall have the meaning assigned to it in the
Credit Agreement. 
 2. Amendments. 

(i) New Definitions. Schedule 1.1 of the Credit Agreement is hereby amended by adding the following definitions, in
appropriate alphabetical order: 
 “Fourth Amendment” means the Fourth Amendment to Credit
Agreement, dated as of May 21, 2010, among the Borrowers, the Guarantors, the Agent and the Lenders.” 

“Fourth Amendment Effective Date” means the date on which the Fourth Amendment shall become effective in
accordance with its terms.” 
 (iv) Section 5.23 (Title Work). Section 5.23 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “5.23 Title
Work. No later than 60 days after the Fourth Amendment Effective Date, with respect to the Oil and Gas Properties of the Borrowers (other than the Comite and South Florence oil and gas fields), deliver to the Agent title information,
including without limitation, title searches, title abstracts, title reports, and/or title opinions or updates to title opinions (together with reliance letters with respect to previously issued title opinions) setting forth a status of title
satisfactory to Agent of such Oil and Gas Properties with respect to the Hydrocarbon Interests therein; provided, that such title work with respect to the Oil and Gas Properties of the Borrowers representing 70% of the PV-10 of the Proved
Reserves of Borrowers as of the Fourth Amendment Effective Date must be completed no later than 30 days after the Fourth Amendment Effective Date.” 

  
 1 

 (v) Section 6.16 (Financial Covenants). Section 6.16(a) of
the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “(a) Minimum
EBITDA. Fail to achieve EBITDA, measured on a month-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: 

 

			
	 Applicable Amount
	  	Applicable Period
	 $2.871,927
	  	 For the 1
month period
 ending February 28, 2010

	 $5,926,070
	  	 For the 2
month period
 ending March 31, 2010

	 $8,468,999
	  	For the 3 month period ending
April 30, 2010
	 $11,045,811
	  	For the 4 month period ending
May 31, 2010
	 $15,479,172
	  	For the 5 month period ending
June 30, 2010
	 $18,858,648
	  	For the 6 month period ending
July 31, 2010
	 $23,224,603
	  	For the 7 month period
ending August 31, 2010
	 $27,464,455
	  	For the 8 month period
ending September 30,
2010
	 $31,876,694
	  	For the 9 month period
ending October 31, 2010
	 $36,191,674
	  	For the 10 month period
ending November 30,
2010
	 $40,950,069
	  	For the 11 month period
ending December 31,
2010
	 $45,945,081
	  	For the 12 month period
ending January 31, 2011
	 $47,200,804
	  	For the 12 month period
ending February 28,
2011

 3. Conditions to Effectiveness. The effectiveness of this Amendment is subject to the fulfillment,
in a manner satisfactory to the Agent and the Lenders, of each of the following conditions precedent (the date such conditions are fulfilled or waived by the Agent and the Lenders is hereinafter referred to as the “Fourth Amendment Effective
Date”): 
 (a) Representations and Warranties; No Event of Default. The representations and
warranties herein, in Section 4 of the Credit Agreement and in each other Loan Document and certificate or other writing delivered to the Agent and the Lenders pursuant hereto on or prior to the Fourth Amendment Effective Date shall be true and
correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) after giving effect to this Amendment
on and as of the Fourth Amendment Effective Date as though made on and as of such date (except to the extent such representations and warranties expressly relate to an earlier date), and no Default or Event of Default shall have occurred and be
continuing on the Fourth Amendment Effective Date or would result from this Amendment becoming effective in accordance with its terms (except as expressly waived herein). 

  
 2 

 (b) Execution of Amendment. The Agent and the Lenders shall have
executed this Amendment and shall have received a counterpart to this Amendment, duly executed by the Borrowers and each Guarantor. 
 (c) Amendment Fee. Borrower shall have paid to the Agent, for its sole and separate account and not the account of any Lender, an amendment fee of $100,000 in immediately available funds. Such
amendment fee shall be fully earned and non-refundable on the date hereof. 
 4. Representations and Warranties. Each of
the Borrowers and the Guarantors represents and warrants as follows: 
 (a) The execution, delivery and
performance by the Borrowers or such Guarantor of this Amendment (including, without limitation, Section 5) and the performance by the Borrowers or such Guarantor of the Credit Agreement, as amended hereby, have been duly authorized by all
necessary action, and the Borrowers or such Guarantor has all requisite power, authority and legal right to execute, deliver and perform this Amendment (including, without limitation, Section 5) and to perform the Credit Agreement, as amended
hereby. 
 (b) This Amendment and the Credit Agreement, as amended hereby, is a legal, valid and binding
obligation of the Borrowers or such Guarantor, enforceable against the Borrowers or such Guarantor in accordance with the terms thereof, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization,
moratorium, or similar laws relating to or limiting creditors’ rights generally. 
 (c) The representations
and warranties contained in Section 4 of the Credit Agreement are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or
modified by materiality in the text thereof) after giving effect to this Amendment on and as of the Fourth Amendment Effective Date as though made on and as of the Fourth Amendment Effective Date (except to the extent such representations and
warranties expressly relate to an earlier date), and no Event of Default or Default has occurred and is continuing on and as of the Fourth Amendment Effective Date, or would result from this Amendment becoming effective in accordance with its terms
(except as expressly waived herein). 
 5. Release. Each of the Borrowers and the Guarantors may have certain Claims
against the Released Parties, as those terms are defined below, regarding or relating to the Credit Agreement or the other Loan Documents. The Agent, the Lenders, the Borrowers and the Guarantors desire to resolve each and every one of such Claims
in conjunction with the execution of this Amendment and thus each of the Borrowers and the Guarantors makes the releases contained in this Section 5. In consideration of the Agent and the Lenders entering into this Amendment and agreeing to
substantial concessions as set forth herein, each of the Borrowers and the Guarantors hereby fully and unconditionally releases and forever discharges each of the Agent and the Lenders, and their respective directors, officers, employees,
subsidiaries, branches, affiliates, attorneys, agents, representatives, successors and assigns and all persons, firms, corporations and organizations acting on any of their behalves (collectively, the “Released Parties”), of and
from any and all claims, allegations, causes of action, costs or demands and liabilities, of whatever kind or nature, from the beginning of the world to the date on which this Amendment is executed, whether known or unknown, liquidated or
unliquidated, fixed or contingent, asserted or unasserted, foreseen or unforeseen, matured or unmatured, suspected or unsuspected, anticipated or unanticipated, which the Borrowers or the Guarantors has, had, claims to have had or hereafter claims
to have against the Released Parties by reason of any act or omission on the part of the Released Parties, or any of them, occurring prior to the date on which this Amendment is executed, including all such loss or damage of any kind heretofore
sustained or that may arise as a consequence of the dealings among the parties up to and including the date on which this Amendment is executed, including the administration or enforcement of the Advances, the Obligations, the Credit Agreement or
any of the Loan Documents (collectively, all of the foregoing, the “Claims”). Each of the Borrowers and the Guarantors represents and warrants that it has no knowledge of any claim by it against the Released Parties or of any facts
or acts of omissions of the Released Parties which on the date hereof would be the basis of a claim by the Borrowers or the Guarantors against the Released Parties which is not released hereby. Each of the Borrowers and the Guarantors represents and
warrants that the foregoing constitutes a full and complete release of all Claims. 

  
 3 

 6. Miscellaneous. 

(a) Continued Effectiveness of the Credit Agreement. Except as otherwise expressly provided herein, the Credit
Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, except that on and after the Fourth Amendment Effective Date (i) all references in the Credit
Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to the Credit Agreement shall mean the Credit Agreement as amended by this Amendment, and (ii) all
references in the other Loan Documents to the “Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Credit Agreement shall mean the Credit Agreement as amended by this
Amendment. To the extent that the Credit Agreement or any other Loan Document purports to pledge to Agent, or to grant to Agent, a security interest or lien, such pledge or grant is hereby ratified and confirmed in all respects. Except as expressly
provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as an amendment of any right, power or remedy of the Agent and the Lenders (including the Issuing Lender) under the Credit Agreement or any other Loan
Document, nor constitute an amendment of any provision of the Credit Agreement or any other Loan Document. 
 (b)
Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the
same agreement. Delivery of an executed counterpart of this Amendment by telefacsimile or electronic mail shall be equally as effective as delivery of an original executed counterpart of this Amendment. 

(c) Headings. Section headings herein are included for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose. 
 (d) Costs and Expenses. The Borrowers agree to pay on
demand all reasonable fees, costs and expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of this Amendment. 
 (e) No Waivers. Except as otherwise expressly provided herein, this Amendment is not a waiver of, or consent to, any Default or Event of Default now existing or hereafter arising under the Credit
Agreement or any other Loan Document and the Agent and the Lenders expressly reserve all of their rights and remedies under the Credit Agreement and the other Loan Documents in respect of all such Defaults or Events of Default not waived or
consented to hereby, under applicable law or otherwise. 
 (f) Amendment as Loan Document. The Borrowers
and each Guarantor hereby acknowledge and agree that this Amendment constitutes a “Loan Document” under the Credit Agreement. Accordingly, it shall be an Event of Default under the Credit Agreement if (i) any representation or
warranty made by the Borrowers or any Guarantor under or in connection with this Amendment shall have been untrue, false or misleading in any material respect when made, or (ii) the Borrowers or any Guarantor shall fail to perform or observe
any term, covenant or agreement contained in this Amendment. 
 (g) Governing Law. This Amendment shall be
governed by the laws of the State of New York. 
 (h) Waiver of Jury Trial. THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW OR STATUTORY CLAIMS. 
 [Remainder of this Page Intentionally Left Bank] 

  
 4 

 IN WITNESS WHEREOF. the parties hereto have caused this Amendment to he executed and
delivered as of the date first above written. 
  

			
	BORROWERS:
	
	 DUNK ENERGY, INC.,
 a Delaware corporation

		
	By:	 	 /s/ Frank T. Smith, Jr.

	Name:	 	Frank T. Smith, Jr.
	Title:	 	 Senior Vice President & Chief
 Financial Officer

  

			
	 DUNE PROPERTIES, INC.,
 a Texas corporation.

		
	By:	 	 /s/ Frank T. Smith, Jr.

	Name:	 	Frank T. Smith, Jr.
	Title:	 	 Senior Vice President, Secretary &
 Director

  

			
	 VAQUERO PARTNERS LLC,
 a Texas limited liability company

		
	By:	 	 /s/ Frank T. Smith, Jr.

	Name:	 	Frank T. Smith, Jr.
	Title:	 	 Vice President, Secretary &
 Manager

  

			
	GUARANTORS:
	
	 DUNE OPERATING COMPANY,
 a Texas corporation.

		
	By:	 	 /s/ Frank T. Smith, Jr.

	Name:	 	Frank T. Smith, Jr.
	Title:	 	 Senior Vice President, Secretary &
 Manager

  
 5 

 
			
	 DUNE GC HOLDINGS, INC.
 a Delaware corporation

		
	By:	 	 /s/ Frank T. Smith, Jr.

	Name:	 	Frank T. Smith, Jr.
	Title:	 	 Senior Vice President, Secretary &
 Manager

  

			
	AGENT AND LENDER:
	
	 WELLS FARGO CAPITAL FINANCE, INC.,
 a California corporation, as Agent and as a Lender

		
	By:	 	 /s/ Gary Forlenza

	Name:	 	Gary Forlenza
	Title:	 	Vice President

  
 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]