Document:

Exhibit 10.7

 

Information in this exhibit identified by [***] is confidential and has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly disclosed.

 

ANTENNA SITE AGREEMENT
  (WBLS Aux)

 

1.                                      Premises and Use. WLIB Tower LLC, an Indiana limited liability company (“Owner”), hereby licenses to Mediaco Holdings Inc., an Indiana corporation (“Licensee”), the site described below: antenna space on the tower (the “Tower”); ground space for placement of Pad or Shelter (“Shelter”) for Licensee’s transmission equipment or space in the existing equipment building; space for Licensee’s genset and related fuel tank, equipment, and cabling; and space required for Licensee’s cable ladders, cable runs, and cable bridges to connect telecommunications equipment and antennas, in the location at which such equipment is currently installed as further shown on Exhibit A, together with a non-exclusive easement for reasonable access thereto and to the source of electric and telephone facilities, in all cases consistent with past practices (collectively, the “Site”). The Site will be used by Licensee for the purpose of installing, removing, replacing, modifying, maintaining and operating, at its expense, a telecommunications service system facility consisting of the antenna(s) and related equipment set forth on Exhibit B (the “Equipment”). Licensee will use commercially reasonable efforts to use the Site in a manner which will not unreasonably disturb the occupancy of Owner; provided however, that Licensee’s equipment was installed at the Site prior to any other existing Licensee’s or licensee’s equipment and shall be considered “first in time” and Licensee’s right to use the Site in accordance with past practice in all material respects shall be superior to the right to use the Site of every other current and future user of the Site. Owner, at Owner’s sole cost and expense, shall maintain and repair (and if necessary, replace) the Tower, the equipment building, and all improvements thereon in good order and repair sufficient for the operation of the Tower and the use of the Site by Licensee consistent with past practice, and in compliance with all laws, codes, regulations, and orders, including without limitation all FAA and FCC rules and regulations. Owner shall maintain all required records and shall file any required notification concerning any failure of, repairs to, and correction of the Tower in compliance with the rules and regulations of the FAA, the FCC, and all other applicable governmental authorities. Owner shall maintain access to and the appearance of the Site, including the access road, weeding and mowing, and similar.

 

2.                                      Term. The “Term” of this Agreement shall be ten (10) years beginning on the date hereof (“Commencement Date”) and terminating on the twentieth anniversary of the Commencement Date (the “Initial Term”). This Agreement will automatically renew for two (2) additional terms (each a “Renewal Term” and together with the Initial Term the “Term”) of ten (10) years each, unless Licensee provides notice to Owner of its intention not to renew not less than ninety (90) days prior to the expiration of the Initial Term or any Renewal Term.

 

3.                                      License Fee. The license fee shall be Ten Dollars ($10) per annum, payable in advance in a lump sum, the receipt of which is hereby acknowledged by Owner.

 

4.                                      Title and Quiet Possession. Owner represents and agrees (a) that it is in possession of the Site as fee owner; (b) that it has the right to enter into this Agreement; (c) that the person signing this Agreement has the authority to sign; and (e) that Licensee is entitled to the quiet possession of the Site subject to zoning and other requirements imposed by governmental authorities, any easements, restrictions, or encumbrances of record throughout the Term. This Agreement shall be subordinate to any mortgage or deed of trust now of record against the Site; but, solely with respect to any mortgage or deed of trust granted by Owner, only if the holder of

 

 

any mortgage or deed of trust agrees not to disturb Licensee’s peaceable enjoyment of the Site upon any foreclosure or other proceeding by such party pursuant to a customary subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to Licensee.

 

5.                                      Assignment/Subletting. Licensee may not assign or transfer this Agreement without the prior written consent of Owner, which consent will not be unreasonably withheld, delayed or conditioned. However, Licensee may assign without the Owner’s prior written consent to any party acquiring the broadcast facilities and FCC license operated by Licensee at the Site. In the event that Owner transfers the Site or any interest in the Site, it shall require the transferee of the Site to assume and agree to perform this Agreement.

 

6.                                      Access and Security. Licensee will have unrestricted access twenty-four (24) hours a day seven (7) days a week to the Site, the Shelter, and the Tower.

 

7.                                      Notices. All notices must be in writing and are effective when deposited in the U.S. mail, certified and postage prepaid, or when sent via overnight delivery, to the address set forth below, or as otherwise provided by law.

 

Owner:                                                                                                         WLIB Tower LLC
 c/o EMMIS Communications Corporation
 One EMMIS Plaza
 40 Monument Circle, Suite 700
 Indianapolis, IN 46204
 Attention: J. Scott Enright, General Counsel
 Facsimile: (317) 684-5583

 

with a copy (which shall not constitute notice) to:

 

Edinger Associates PLLC
 1725 I Street, NW, Suite 300
 Washington, DC 20006
 Attention: Brook Edinger
 Facsimile: (202) 747-1691

 

Licensee:                                                                                             Mediaco Holdings Inc.
 C/O SG Broadcasting LLC
 767 Fifth Ave, 12th Floor
 New York, NY 10153
 Attention: Gail Steiner, General Counsel
 Facsimile: 

 

with a copy (which shall not constitute notice) to:

 

Morgan, Lewis & Bockius LLP
 1701 Market Street
 Philadelphia, PA 19103

Attention: Justin W. Chairman
 Facsimile: (215) 963-5001

 

2

 

8.                                      Installation and Improvements. Owner and Licensee acknowledge that the Equipment was previously installed at the Site and on the Tower prior to the date hereof. Prior to installing any additional Equipment at the Site or making any changes, modifications or alterations to such Equipment, Licensee, at its expense, will obtain all required approvals and will submit to Owner plans, specifications and proposed dates of the planned installation or other activity. All installation of or other work on the Equipment on the Tower will be at Licensee’s sole expense and performed by contractors selected by Licensee. Upon termination or expiration of this Agreement, Licensee shall remove its Equipment and improvements and will restore the Site to the condition existing on the Commencement Date, except for ordinary wear and tear; provided, however, that Owner may require Licensee to leave in place any Equipment to the extent the removal of such Equipment would interfere with the broadcast operations of WLIB-AM.

 

9.                                      Compliance with Laws. Owner accepts responsibility for, and will ensure, the Tower’s and Site’s compliance with all laws, rules and regulations applicable to the Tower or the Site, including tower or building marking, fencing, painting, and lighting regulations promulgated by the Federal Aviation Administration “FAA” or the Federal Communications Commission “FCC,” as applicable. Owner represents and warrants that the Site complies with all applicable tower or building marking or lighting regulations promulgated by the FAA or the FCC, which Owner shall maintain in compliance with applicable law and regulations in all material respects.

 

10.                               Insurance. Licensee will procure and maintain a public liability policy, with limits of not less than $[***] for bodily injury, $[***] for property damage, $[***] aggregate, with a certificate of insurance to be furnished to Owner within [***] of request and prior to performing any work. Should policies be cancelled before the expiration date listed on certificates provided, Licensee agrees to provide [***] written notification of said cancellation. Owner shall carry public liability insurance covering the Tower and the Site. Owner shall maintain the following insurance coverage: (i) Statutory Workers’ Compensation including $[***] Employers’ Liability; (ii) Commercial General Liability including personal injury with limits not less than $[***] per occurrence; (iii) Automobile Liability with limits not less than $[***] per occurrence; and (iv) Fire and extended coverage insurance on the Tower and the Site. All policies required to be provided pursuant to this paragraph shall contain a waiver of subrogation in favor of Licensee. Owner shall provide certificates evidencing said coverage to Licensee upon request. Owner shall provide a declaration of said policies to Licensee upon request.

 

11.                               Interference; Licensee is First in Time.

 

(a)                                 As Licensee’s Equipment was installed on the Tower and at the Site prior to the installation of any other existing Licensee’s equipment, Licensee’s equipment shall be considered “first in time” and Licensee’s right to use the Site in accordance with past practice in all material respects shall be superior to the right to use the Site of every other current and future user of the Site, subject, however, to the existence of provisions in tower space agreements of other licensees on the tower as of the date of this Agreement permitting Owner to enforce Licensee’s rights under this sentence. Owner shall cause all future users on the Tower (and all existing licensees on the Tower unless required otherwise by an existing licensee or lease) not to cause, by their transmitters or other activities, including the addition of any equipment at a future date, interference to Licensee or other licensees at the Site or on the Tower.

 

3

 

(b)                                 Owner agrees that neither Owner nor other existing users of the Site other than Licensee as of the date hereof (unless directly permitted by such other users’ current lease or license) shall permit their equipment to interfere with Licensee’s transmissions or reception in accordance with Licensee’s FCC licenses. In the event that Licensee experiences RF interference caused by any other Licensee at the Tower, Licensee shall notify Owner in writing of such interference (the “Interference Notice”) and Owner shall, as soon as the applicable lease or license for such licensee permits, cause the party causing such interference to reduce power and/or cease operations in order to correct and eliminate such interference. In the event Owner is notified of any interference experienced by Licensee, Owner shall cause the entity responsible for the interference to perform (or cause to be performed) whatever actions are commercially reasonable and necessary at no cost or expense to Licensee to eliminate such interference within 24 hours following receipt of notice of such interference. Owner agrees that any future licenses, leases or other agreements with third parties for a transmission at the Tower, or at any other portion of the Site from which transmissions may cause interference to Licensee’s use of the Tower, will contain provisions that similarly require such users to correct or eliminate interference with Licensee’s operation of its Equipment within 24 hours following receipt of a notice of such interference.

 

(c)                                  Without limiting Owner’s obligations hereunder, Owner will require non-interference language in all future lease, license, or similar agreements related to the Site sufficient to permit Owner to perform its obligations hereunder, and will fully enforce such language.

 

12.                               Utilities. Landlord will supply, without charge, all utilities used by Licensee at the Site. To the extent not already included in Licensee’s Equipment, Licensee may bring a temporary generator or other alternate source of power to the Site during any prolonged utility outage.

 

13.                               Termination by Licensee. Licensee may terminate this Agreement at any time by notice to Owner without further liability. Any such termination by Licensee shall not relieve Owner of liability for any breach or default hereunder.

 

14.                               Default. If either party is in default under this Agreement for a period of [***] following receipt of notice from the non-defaulting party, then the non-defaulting party may pursue any remedies available to it against the defaulting party under this Agreement and applicable law, including, but not limited to, the right to terminate this Agreement.

 

15.                               Taxes. Licensee shall pay all taxes, including, without limitation, sales, use and excise taxes, and all fees, assessments and any other cost or expense now or hereafter imposed by any government authority in connection with Licensee’s Equipment or Licensee’s use of the Site. Owner shall pay all real estate taxes levied on the Site and all taxes on the Tower and on any equipment located at the Site (other than Licensee’s).

 

16.                               Indemnity. Owner and Licensee each indemnifies the other against and holds the other harmless from any and all costs (including reasonable attorneys’ fees and costs) and claims of liability or loss which arise out of a breach or default by it of any provision of this Agreement which remains uncured after the expiration of the applicable cure periods under this Agreement and the use and/or occupancy of the Site by the indemnifying party. This indemnity does not apply to any claims arising from the gross negligence or intentional misconduct of the indemnified party.

 

4

 

17.                               Hazardous Substances. Licensee or Owner will not introduce or use, or permit any other party to introduce or use, any hazardous substance on the Site in violation of any applicable law, or permit any discharge or release of such substance on the Site, it being understood that Licensee may have fuel, oil, cleaning and maintenance supplies, and other similar items stored at the Site in compliance with applicable law in connection with any gensets or other ordinary course operations of Licensee at the Site.

 

18.                               RF Exposure; Scheduled Maintenance. Licensee agrees to reduce power or suspend operation of its Equipment if necessary and upon reasonable notice from Owner to prevent exposure of workers or the public to RF radiation in excess of the then-existing regulatory standards, provided that such reductions in power or suspension of operations shall not exceed two (2) hours in any one calendar month period, unless a reasonable amount of additional time is required under the circumstances, and shall be scheduled, if at all possible, between the hours of midnight and 5am local time. Owner agrees for itself and to direct other Licensees at the Tower to reduce power or suspend operation of their equipment if necessary and upon reasonable notice from Licensee to prevent exposure of workers or the public to RF radiation in excess of the then-existing regulatory standards, provided that such reductions in power or suspension of operations shall not exceed two (2) hours in any one calendar month period, unless a reasonable amount of additional time is required under the circumstances, and shall be scheduled, if at all possible, between the hours of midnight and 5am local time. Without limiting the foregoing for RF radiation and with respect to scheduled maintenance, Owner agrees to provide Licensee with at least ten (10) business days’ notice for maintenance on the Tower or surrounding property that will require Licensee to reduce power or suspend operations of its Equipment (except with respect to the requirements set forth above in this Section, a force majeure or other emergency). Owner agrees that it shall use all commercially reasonable efforts to schedule such maintenance either on weekends (for no more than 8 consecutive hours) or on weekday evening/overnight between 8:00 p.m. local time and 5:00 a.m. local time.

 

19.                               Miscellaneous. (a) This Agreement applies to and binds the heirs, successors, executors, administrators and assigns of the parties to this Agreement; (b) this Agreement is governed by the laws of the State in which the Site is located; (c) if requested by Licensee, Owner agrees to promptly execute and deliver to Licensee a recordable Memorandum of this Agreement in the form of Exhibit C; (d) this Agreement (including the Exhibits) constitutes the entire Agreement between the parties and supersedes all prior written and verbal agreements, representations, promises or understandings between the parties relating to the subject matter hereof. Any amendments to this Agreement must be in writing and executed by both parties; (e) if any provision of this Agreement is invalid or unenforceable with respect to any party, the remainder of this Agreement or the application of such provision to persons other than those as to whom it is held invalid or unenforceable, will not be affected and each provision of this Agreement will be valid and enforceable to the fullest extent permitted by law; (f) the prevailing party in any action or proceeding in court or mutually agreed upon arbitration proceeding to enforce the terms of this Agreement is entitled to receive its reasonable attorneys’ fees and other reasonable enforcement costs and expenses from the non-prevailing party; and (g) failure or delay on the part of Licensee or Owner to exercise any right, power, or privilege hereunder will not operate as a

 

5

 

waiver thereof; waiver of a breach of any provision hereof under any circumstances will not constitute a waiver of any subsequent breach of the provision, or of a breach of any other provision of this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

6

 

SIGNATURE PAGE TO TOWER SPACE AGREEMENT

 

	
OWNER:
    	
WLIB   TOWER LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
LICENSEE:
    	
MEDIACO   HOLDINGS INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:EX-10.5

 Exhibit 10.5 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “First
Amendment”) dated as of April 30, 2019, is among FORTIS MINERALS OPERATING, LLC, a Delaware limited liability company (the “Borrower”); each of the undersigned Guarantors
(together with the Borrower, collectively, the “Credit Parties”); WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such
capacity, together with its successors, the “Administrative Agent”); and the Lenders signatory hereto. 

RECITALS 

A.    The Borrower, the Administrative Agent and the Lenders are parties to that certain Credit Agreement dated as of
February 14, 2019 (the “Credit Agreement”), pursuant to which the Lenders have made certain credit available to and on behalf of the Borrower. 

B.    The Borrower and the Guarantors are parties to that certain Amended and Restated Guarantee and Collateral Agreement,
dated as of the date hereof, made by each of the Credit Parties party thereto in favor of the Administrative Agent. 

C.    The Borrower, the Administrative Agent and the Lenders have agreed to amend certain provisions of the Credit
Agreement as more fully set forth herein. 
 D.    NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1.     Defined Terms. Each capitalized term which is defined in the Credit Agreement, but which is not
defined in this First Amendment, shall have the meaning ascribed such term in the Credit Agreement. Unless otherwise indicated, all section references in this First Amendment refer to sections of the Credit Agreement. 

Section 2.     Amendments to Credit Agreement. Section 1.02 is hereby amended as follows: 

2.1    Amendments to Section 1.02. 

(a)    The definition of “Agreement” is hereby amended and restated in its entirety to read as follows: 

“Agreement” means this Credit Agreement, as amended by the First Amendment, as the same may from time to time
be further amended, modified, supplemented or restated. 
 (b)    The following definitions are hereby added where
alphabetically appropriate to read as follows: 
 “First Amendment” means that certain First Amendment to
Credit Agreement, dated as of April 30, 2019, among the Borrower, the Guarantors party thereto, the Administrative Agent and the Lenders party thereto. 

 “First Amendment Effective Date” has the meaning assigned
to such term in the First Amendment. 
 2.2    Amendment to Section 2.07(a).
Section 2.07(a) is hereby amended and restated in its entirety to read as follows: 

(a)    First Amendment Borrowing Base. For the period from and including the First Amendment
Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be $130,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from
time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c) or Section 8.20. 

2.3    Amendment to Section 8.13. Section 8.13 is hereby amended by replacing each
reference to “70%” therein with “75%”. 
 2.4    Amendment to
Section 8.14. Section 8.14 is hereby amended by replacing each reference to “70%” therein with “75%”. 

Section 3. Assignment and Assumption. On the First Amendment Effective Date, immediately after giving effect to the amendments in
Section 2 and for an agreed consideration, Wells Fargo Bank, National Association, as Lender (the “Existing Lender”) hereby irrevocably sells and assigns to JPMorgan Chase Bank, N.A. (the “New Lender”), and the
New Lender hereby irrevocably purchases and assumes from the Existing Lender, subject to and in accordance with the Standard Terms and Conditions attached as Annex 1 to Exhibit G to the Credit Agreement (the “Standard Terms and
Conditions”) and the Credit Agreement (the “Assignment and Assumption”): (i) all of the Existing Lender’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified in the grid below under the caption “Assigned Interests” (the “Assigned Interests Grid”) of all the Existing
Lender’s outstanding rights and obligations under the Credit Agreement, including, without limitation, the Commitment and the Maximum Credit Amount of the Existing Lender specified in the Assigned Interests Grid and all of the Loans specified
in the Assigned Interests Grid owing to the Existing Lender which are outstanding on the First Amendment Effective Date, together with the participations in Letters of Credit and LC Disbursements specified in the Assigned Interests Grid held by the
Existing Lender on the First Amendment Effective Date, but excluding accrued interest and fees to and excluding the First Amendment Effective Date, such that, after giving effect to such sale, assignment, purchase and assumption, the New Lender
shall have purchased and assumed from the Existing Lender the Commitment, Maximum Credit Amount and Loans (and participations in Letters of Credit and LC Disbursements) specified in the Assigned Interests Grid and (ii) to the extent permitted
to be assigned under applicable law, all claims, suits, causes of action and any other right of the Existing Lender (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement,
any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above. Such sale and assignment is without recourse to the Existing Lender and, except as expressly provided in the Standard Terms
and Conditions, without representation or warranty by 

  
 Page 2 

 
the Existing Lender. The Administrative Agent hereby waives the fee payable to the Administrative Agent pursuant to Section 12.04(b) of the Credit Agreement in connection with the Assignment
and Assumption. The Standard Terms and Conditions are hereby agreed to and incorporated herein by reference and made a part of the terms of the Assignment and Assumption pursuant to this Section 3 as if set forth herein in full. 

A.    Existing Lender/Assignor: Wells Fargo Bank, National Association 

B.    New Lender/Assignee: JPMorgan Chase Bank, N.A. 

C.    Assigned Interests: 
  

							
	 MAXIMUM

CREDIT AMOUNT

ASSIGNED
	  	PRINCIPAL
AMOUNT OF
LOANS ASSIGNED	  	PARTICIPATIONS IN
LETTERS OF CREDIT 
AND
LC DISBURSEMENTS
ASSIGNED	  	PERCENTAGE
ASSIGNED OF TOTAL
COMMITMENTS 
OF
ALL LENDERS/
AGGREGATE
MAXIMUM CREDIT
AMOUNT
	 $211,538,461.54
	  	$37,230,769.23	  	$0.00	  	42.307692308%

 D.    New Lender: On the First Amendment Effective Date, immediately after giving
effect to the Assignment and Assumption pursuant to this Section 3: (a) each of the Existing Lender and the New Lender shall have the Maximum Credit Amount specified for such Person on Annex I attached to this First Amendment;
(b) Annex I of the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Annex I attached to this First Amendment; and (c) the New Lender shall become a party to the Credit Agreement, as
modified by this First Amendment, as a “Lender” and have all of the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents. 

Section 4. Conditions Precedent. This First Amendment shall become effective on the date (such date, the “First Amendment
Effective Date”) when each of the following conditions is satisfied (or waived in accordance with Section 12.02): 

4.1    The Administrative Agent shall have received from the Lenders and the Credit Parties counterparts (in such number
as may be requested by the Administrative Agent) of this First Amendment signed on behalf of such Persons. 
 4.2    The
Administrative Agent and the Lenders shall have received all fees and other amounts due and payable on or prior to the First Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable and documented out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement. 

4.3    The Administrative Agent shall have received such other documents as the Administrative Agent or its special
counsel may reasonably require. 
 The Administrative Agent is hereby authorized and directed to declare this First Amendment to be
effective (and the First Amendment Effective Date shall occur) when it has 

  
 Page 3 

 
received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4 or the waiver of such conditions as
permitted in Section 12.02. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes. 

Section 5.     Miscellaneous. 

5.1    Confirmation. The provisions of the Credit Agreement, as amended by this First Amendment, shall remain
in full force and effect following the First Amendment Effective Date. 
 5.2    Ratification and Affirmation;
Representations and Warranties. Each Credit Party hereby: (a) acknowledges the terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to
which it is a party and agrees that each such Loan Document remains in full force and effect as expressly amended hereby; (c) agrees that from and after the First Amendment Effective Date, each reference to the Credit Agreement in the other
Loan Documents shall be deemed to be a reference to the Credit Agreement, as amended by this First Amendment; and (d) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this First Amendment:
(i) the representations and warranties set forth in each Loan Document to which it is a party are true and correct in all material respects (except to the extent that (A) any such representations and warranties are expressly limited to an
earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects as of such specified earlier date and (B) any such representation and warranty is expressly limited by materiality
or by reference to Material Adverse Effect, in which case, such representation and warranty is true and correct in all respects and (ii) no Default or Event of Default has occurred and is continuing. 

5.3    Counterparts. This First Amendment may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this First Amendment by fax, as an attachment to
an email or other similar electronic means shall be effective as delivery of a manually executed counterpart of this First Amendment. 

5.4    No Oral Agreement. This First Amendment, the Credit Agreement and the other Loan Documents represent
the final agreement among the parties hereto and thereto and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 

5.5    GOVERNING LAW. THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 5.6    Payment of Expenses. In accordance with Section 12.03, the Borrower
agrees to pay or reimburse the Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this First
Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent. 

  
 Page 4 

 5.7    Severability. Any provision of this First Amendment
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

5.8    Successors and Assigns. This First Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns. 
 5.9    Loan Document. This First
Amendment is a “Loan Document” as defined and described in the Credit Agreement, and all of the terms and provisions of the Credit Agreement relating to Loan Documents shall apply hereto. 

[Signature Pages Follow] 

  
 Page 5 

 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed
effective as of the First Amendment Effective Date. 
  

							
	BORROWER:	 		 	FORTIS MINERALS OPERATING, LLC
				
		 		 	By:	 	 /s/ Patrick
Hesseler                                        

		 		 	Name:	 	Patrick Hesseler
		 		 	Title:	 	Vice President - Finance
			
	GUARANTORS:	 		 	FORTIS MINERALS, LLC
				
		 		 	By:	 	 /s/ Patrick
Hesseler                                        

		 		 	Name:	 	Patrick Hesseler
		 		 	Title:	 	Vice President - Finance
			
		 		 	FORTIS MINERALS II, LLC
				
		 		 	By:	 	 /s/ Patrick Hesseler

		 		 	Name:	 	Patrick Hesseler
		 		 	Title:	 	Vice President - Finance
			
		 		 	CHISOS LAND, LLC
				
		 		 	By:	 	 /s/ Patrick Hesseler

		 		 	Name:	 	Patrick Hesseler
		 		 	Title:	 	Vice President - Finance
			
		 		 	CHISOS MINERALS, LLC
				
		 		 	By:	 	 /s/ Patrick Hesseler

		 		 	Name:	 	Patrick Hesseler
		 		 	Title:	 	Vice President - Finance

  
 Fortis Minerals
Operating, LLC - First Amendment 
 Signature Page 

 
			
	FORTIS SOONER TREND, LLC
		
	By:	 	 /s/ Patrick Hesseler

	Name:	 	Patrick Hesseler
	Title:	 	Vice President - Finance
	
	FMII STM, LLC
		
	By:	 	 /s/ Patrick Hesseler

	Name:	 	Patrick Hesseler
	Title:	 	Vice President - Finance

  
 Fortis Minerals
Operating, LLC - First Amendment 
 Signature Page 

							
	ADMINISTRATIVE AGENT:	 		 	WELLS FARGO BANK,
		 		 	NATIONAL ASSOCIATION,
		 		 	as Administrative Agent and a Lender
				
		 		 	By:	 	 /s/ Jay
Buckman                                        

		 		 	Name:	 	Jay Buckman
		 		 	Title:	 	Director

  
 Fortis Minerals
Operating, LLC - First Amendment 
 Signature Page 

							
	NEW LENDER:	 		 	JPMORGAN CHASE BANK, N.A.,
		 		 	as New Lender
				
		 		 	By:	 	 /s/ Jorge Diaz
Granados                                        

		 		 	Name:	 	Jorge Diaz Granados
		 		 	Title:	 	Authorized Officer

  
 Fortis Minerals
Operating, LLC - First Amendment 
 Signature Page 

 ANNEX I 

LIST OF MAXIMUM CREDIT AMOUNTS 
  

									
	 Name of Lender
	  	Applicable Percentage	 	 	Maximum Credit Amount	 
	 Wells Fargo Bank, National Association
	  	 	57.692307692	% 	 	$	288,461,538.46	 
	 JPMorgan Chase Bank, N.A.
	  	 	42.307692308	% 	 	$	211,538,461.54	 
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	100.00	% 	 	$	500,000,000.00	 
		  	  
	  
	 	 	  
	  
	 

  
 Annex I

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