Document:

sk_brigdeloannote.htm

  
     

    EXHIBIT 10.2

    THIS NOTE
HAS NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE OR UNDER THE SECURITIES ACT
OF 1933, AS AMENDED. THE NOTE MAY NOT BE OFFERED, RESOLD, PLEDGED OR TRANSFERRED
EXCEPT AS PERMITTED UNDER THE ACT PURSUANT TO REGISTRATION OR EXEMPTION OR SAFE
HARBOR THEREFROM.

     

    

     

    
      	 No.
      1       	
                US
      $471,750

            

    

     

                                                                                                               

    SONA
MOBILE HOLDINGS CORP.

    

    BRIDGE
LOAN NOTE

     

    
 

           THIS
Note is one of a duly authorized issue of up to $1,000,000 of Sona Mobile
Holdings Corp, a corporation organized and existing under the laws of the State
of Delaware (the "Company") designated as its 8% Unsecured Notes.

    

           FOR
VALUE RECEIVED, the Company promises to pay to Shawn Kreloff and Victoria Corn,
husband and wife, New York, New York, the registered holders hereof (the
“Holder”), the principal sum of Four Hundred Seventy One Thousand and Seven
Hundred and Fifty Dollars (US $471,750) with interest from the from the date of
initial issuance of this Note (the "Issue Date") at the rate of 8% per
annum.  The entire indebtedness due pursuant to the Note shall be all
due and payable within ninety (90) days from the date of this Note ("Maturity
Date").

    

    Accrual
of interest shall commence on the first such business day to occur after the
date hereof and shall continue until payment in full of the principal sum has
been made or duly provided for. The principal of, and interest on, this Note are
payable in such coin or currency of the United States of America as at the time
of payment is legal tender for payment of public and private debts, at the
address last appearing on the Note Register of the Company as designated in
writing by the Holder from time to time.  The Company will pay the
principal of and interest upon this Note on the Maturity Date, less any amounts
required by law to be deducted, to the registered holder of this Note as of the
tenth day prior to the Maturity Date and addressed to such holder at the last
address appearing on the Note Register. The forwarding of such check shall
constitute a payment of principal and interest hereunder and shall satisfy and
discharge the liability for principal and interest on this Note to the extent of
the sum represented by such check plus any amounts so deducted.

    

               This
Note is subject to the following additional provisions:

    

    1.           This
Note is exchangeable for an aggregate principal amount of Notes of different
authorized denominations, as requested by the Holder surrendering the same. No
service charge will be made for such registration or transfer or
exchange.

    

    

    2.           The
Company shall be entitled to withhold from all payments of principal of, and
interest on, this Note any amounts required to be withheld under the applicable
provisions of the

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    United
States income tax laws or other applicable laws at the time of such payments,
and Holder shall execute and deliver all required documentation in connection
therewith.

    

    3.           This
Note has been issued subject to investment representations of the original
purchaser hereof and may be transferred or exchanged only in compliance with the
Securities Act of 1933, as amended (the "Act"), and other applicable state and
foreign securities laws. In the event of any proposed transfer of this Note, the
Company may require, prior to issuance of a new Note in the name of such other
person, that it receive reasonable transfer documentation including legal
opinions that the issuance of the Note in such other name does not and will not
cause a violation of the Act or any applicable state or foreign securities laws.
Prior to due presentment for transfer of this Note, the Company and any agent of
the Company may treat the person in whose name this Note is duly registered on
the Company's Note Register as the owner hereof for the purpose of receiving
payment as herein provided and for all other purposes, whether or not this Note
be overdue, and neither the Company nor any such agent shall be affected by
notice to the contrary.

    

    4.           Subject
to the terms of the Bridge Loan Financing Agreement dated as of May 28, 2008
(the "Agreement"), between the Company and the Holder (or the Holder's
predecessor in interest), no provision of this Note shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the
principal of, and interest on, this Note at the time, place, and rate, and in
the coin or currency, herein prescribed. This Note is a direct obligation of the
Company.

    

    5.           The
Company may, at its option, pay all or a portion of the outstanding principal
and accrued interest due pursuant to the Note at any time before maturity
without notice to the Holder and without penalty.

    

    6.           No
recourse shall be had for the payment of the principal of, or the interest on,
this Note, or for any claim based hereon, or otherwise in respect hereof,
against any incorporator, shareholder, officer or director, as such, past,
present or future, of the Company or any successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise, all such liability being, by the acceptance
hereof and as part of the consideration for the issue hereof, expressly waived
and released.

    

    7.           
The Holder of the Note, by acceptance hereof, agrees that this Note is being
acquired for investment and that such Holder will not offer, sell or otherwise
dispose of this Note except under circumstances which will not result in a
violation of the Act or any applicable state Blue Sky or foreign laws or similar
laws relating to the sale of securities.

    

                8.            This Note shall be governed by
and construed in accordance with the laws of the State of New York. Each of the
parties consents to the jurisdiction of the federal courts whose districts
encompass any part of the City of New York or the state courts of the State of
New York sitting in the City of New York in connection with any dispute arising
under this Agreement and hereby waives, to the maximum extent permitted by law,
any objection, including any objection based on forum non coveniens, to the
bringing of any such proceeding in such jurisdictions.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

          9.           
The following shall constitute an "Event of Default":

    

    a.     The
Company shall default in the payment of principal or interest on this Note and
same shall continue for a period of five (5) days; or

    

    b.           Any
of the representations or warranties made by the Company herein, in the
Agreement, or in any certificate or financial or other written statements
heretofore or hereafter furnished by the Company in connection with the
execution and delivery of this Note or the Agreement shall be false or
misleading in any material respect at the time made; or

    

    c.     The
Company shall fail to perform or observe, in any material respect, any other
covenant, term, provision, condition, agreement or obligation of this Note (as
defined in the Agreement, which term includes this Note) and such failure shall
continue uncured for a period of thirty (30) days after written notice from the
Holder of such failure; or

    

    d.     The
Company shall fail to perform or observe, in any material respect, any covenant,
term, provision, condition, agreement or obligation of the Company under the
Agreement, and such failure shall continue uncured for a period of thirty (30)
days after written notice from the Holder of such failure; or

    

    e.     The
Company shall (1) admit in writing its inability to pay its debts generally as
they mature; (2) make an assignment for the benefit of creditors or commence
proceedings for its dissolution; or (3) apply for or consent to the appointment
of a trustee, liquidator or receiver for its or for a substantial part of its
property or business; or

    

    f.     A
trustee, liquidator or receiver shall be appointed for the Company or for a
substantial part of its property or business without its consent and shall not
be discharged within ninety (90) days after such appointment; or

    

    g.     Any
governmental agency or any court of competent jurisdiction at the instance of
any governmental agency shall assume custody or control of the whole or any
substantial portion of the properties or assets of the Company and shall not be
dismissed within ninety (90) days thereafter; or

    

    h.     Bankruptcy,
reorganization, insolvency or liquidation proceedings or other proceedings for
relief under any bankruptcy law or any law for the relief of debtors shall be
instituted by or against the Company and, if instituted against the Company,
shall not be dismissed within ninety (90) days after such institution or the
Company shall by any action or answer approve of, consent to, or acquiesce in
any such proceedings or admit the material allegations of, or default in
answering a petition filed in any such proceeding; or

    

    i.     The
Company shall have its Common Stock suspended or delisted from
an

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    exchange
or over-the-counter market from trading for in excess of two trading
days.

    

    Then, or
at any time thereafter, and in each and every such case, unless such Event of
Default shall have been waived in writing by the Holder (which waiver shall not
be deemed to be a waiver of any subsequent default) at the option of the Holder
and in the Holder's sole discretion, the Holder may consider the Redemption
Amount of this Note immediately due and payable within five (5) days of notice,
without presentment, demand, protest or notice of any kinds, all of which are
hereby expressly waived, anything herein or in any note or other instruments
contained to the contrary notwithstanding, and the Holder may immediately
enforce any and all of the Holder's rights and remedies provided herein or any
other rights or remedies afforded by law.

    

    10.             Nothing
contained in this Note shall be construed as conferring upon the Holder the
right to vote or to receive dividends or to consent or receive notice as a
shareholder in respect of any meeting of shareholders or any rights whatsoever
as a shareholder of the Company, unless and to the extent converted in
accordance with the terms hereof.

    

    11.           The
obligation of the Company for payment of principal, interest and all other sums
hereunder is unsecured by the Company and subordinated to the 8.0% Senior
Unsecured Convertible Debentures (the “2007 Notes”) of the Company.

    

    12.           Subject
to the Act or any applicable state Blue Sky or foreign laws or similar laws
relating to the sale of securities, nothing contained in this Note shall
restrict the Holder from subsequently converting this Note into a subsequent
financing to be entered into between the Company and a third party.

    

           IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed by
an officer thereunto duly authorized.

    

    Dated:
June 17, 2008

    

                                 SONA MOBILE HOLDINGS
CORP.

    

                                        By:      /s/ STEPHEN
FELLOWS

    

    Name:   Stephen Fellows

    

    Title:    Chief Financial
Officerexhibit61808.htm

    
      

    

    FIFTH
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

     

    This
Fifth Amendment to Amended and Restated Credit Agreement (hereinafter referred
to as the “Amendment”) executed
as of June 13, 2008, by and among Clayton Williams Energy Inc., a Delaware
corporation (“CWEI”), Southwest
Royalties, Inc. (successor by merger to CWEI-SWR, Inc.), a Delaware corporation
(“SWR”, and
together with CWEI and each of their respective successors and permitted
assigns, the “Borrowers” and each a
“Borrower”),
Warrior Gas Co., a Texas corporation (“Warrior”), CWEI
Acquisitions, Inc. a Delaware corporation (“CWEI Acquisitions”),
Romere Pass Acquisition L.L.C., a Delaware limited liability company (“Romere”), CWEI Romere
Pass Acquisition Corp., a Delaware corporation (“Romere Corp”), Blue
Heel Company, a Delaware corporation (“Blue Heel”), and
Tex-Hal Partners, Inc., a Delaware corporation (“Tex-Hal,” and
together with Warrior, CWEI Acquisitions, Romere, Romere Corp and Blue Heel and
each of their successors and permitted assigns, the “Guarantors” and each
a “Guarantor”),
JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A. (Illinois)), a
national banking association (“JPMorgan Chase”),
each of the financial institutions which is a party hereto (as evidenced by the
signature pages to this Amendment) or which may from time to time become a party
to the Agreement pursuant to the provisions of Section 14.3
thereof or any successor or permitted assignee thereof (hereinafter collectively
referred to as “Lenders”, and
individually, “Lender”), JPMorgan
Chase, as Administrative Agent (in its capacity as Administrative Agent and
together with its successors in such capacity, “Administrative
Agent”).  Capitalized terms used but not defined in this
Amendment have the meanings assigned to such terms in that certain Amended and
Restated Credit Agreement dated as of May 21, 2004, by and among Borrowers,
Guarantors, Administrative Agent and Lenders (as amended, supplemented or
otherwise modified from time to time, the “Agreement”).

     

    WITNESSETH:

     

    WHEREAS, the Borrowers and the
Guarantors have requested, among other things, that the Lenders (or at least the
required percentage thereof) reaffirm the Borrowing Base at $250,000,000 until
the next redetermination, and that the Administrative Agent and the Lenders
amend the Agreement to increase the maximum permitted amount of other
Investments to $5,000,000 and extend the Facility Termination Date;
and

     

    WHEREAS, the Administrative
Agent and the Lenders have agreed to do so on the terms and conditions
hereinafter set forth.

     

    NOW, THEREFORE, for and in
consideration of the mutual covenants and agreements herein contained and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged and confessed, the Borrowers, the Guarantors, the Administrative
Agent and the Lenders, hereby agree as follows:

     

    SECTION
1. Amendments to the
Agreement.  Subject to the satisfaction or waiver in writing of
each condition precedent set forth in Section 4 hereof, and
in reliance on the representations, warranties, covenants and agreements
contained in this Amendment, the Agreement shall be amended in the manner
provided in this Section
1.

     

    
      
        
        

      

      
        
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Amendment to Amended and Restated Credit Agreement – Page 1

          65179745.4

        

        
          

        

      

      
        
        

      

    

    1.1 Cover Page.  The
cover page of the Agreement shall be and it hereby is amended by replacing BANK
ONE, NA with JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, N.A.
(Illinois)) and by replacing BANK ONE CAPITAL MARKETS, INC. with J.P.MORGAN
SECURITIES INC.

     

    1.2 Amended Definitions. Article I of the
Agreement shall be and it hereby is amended by amending and restating the
following definition to read in its entirety as follows:

     

    “Facility
Termination Date” means May 21, 2012.

     

    1.3 Additional Definitions. Article I of the
Agreement shall be and it hereby is amended by adding the following definition
in the correct alphabetical order:

     

    “Fifth
Amendment Effective Date” means June 13, 2008.

     

    1.4 Investments and
Acquisitions.  Clause (v) of Section 8.15 of the
Agreement shall be and it hereby is amended in its entirety to read as
follows:

     

    (v)           Investments
by any Borrower consisting of Rate Management Transactions entered into with
Approved Counterparties in the ordinary course of business and not for
speculative purposes; provided that such Rate Management Transactions (a)
commencing January 1, 2009, would not cause the aggregate notional amount of
Hydrocarbons under all Rate Management Transactions then in effect for any month
in the forthcoming three (3) year period to exceed eighty percent (80%) of the
“forecasted production from proved reserves” (as defined below) of CWEI and its
Material Domestic Subsidiaries for such month; provided that no Borrower may
enter into any Rate Management Transactions (other than those entered into prior
to the Fifth Amendment Effective Date) that hedge the production of Hydrocarbons
in respect of any month during the period from the Fifth Amendment Effective
Date through and including December 31, 2008, (b) together with any other
Rate Management Transactions then in effect for the purpose of hedging
Borrowers’ interest rate exposure would not cause the notional amount of all
such Rate Management Transactions then in effect for such purpose to exceed one
hundred percent (100%) of the total Consolidated Funded Indebtedness of
Borrowers projected to be outstanding for any period covered by such Rate
Management Transaction, or (c) are for the purpose of hedging the foreign
currency risk associated with the Credit Parties’ operations, if any. As used in
this clause (v) of Section 8.15, “forecasted production from proved
reserves” means the forecasted production of Crude Oil and Natural Gas as
reflected in the most recent Reserve Report delivered to the Administrative
Agent pursuant to clause (iii) of Section 8.1, after giving effect to any
pro forma adjustments for the consummation of any acquisitions or dispositions
since the effective date of such Reserve Report.

     

    1.5 Investments and
Acquisitions.  Clause (x) of Section 8.15 of the
Agreement shall be and it hereby is amended in its entirety to read as
follows:

     

    (x)           Other
Investments not otherwise described in clauses (i) through (ix) above; provided
that, the aggregate amount of all other Investments made pursuant to this clause
(x) outstanding at any time shall not exceed $5,000,000 (calculated based on the
original cost of such Investment).

     

    
      
        
        

      

      
        
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Amendment to Amended and Restated Credit Agreement – Page 2

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    1.6 Notices.  Clause (c)
of Section 15.1
shall be and it hereby is amended in its entirety to read as
follows:

     

    (c)           in
the case of the Administrative Agent, to JPMorgan Chase Bank, N.A., Mail Code
TX1-2448, 2200 Ross Avenue, Third Floor, Dallas, Texas  75201,
Telecopy No.: (214) 965-3280, Attention: Wm. Mark Cranmer,

     

    1.7 Reaffirmation of Borrowing
Base.  This Amendment shall constitute a notice of
reaffirmation of the Borrowing Base pursuant to Section 4.6 of the
Agreement and Administrative Agent hereby notifies Borrowers that, as of the
Fifth Amendment Effective Date, the Borrowing Base shall continue to be
$250,000,000 until the next redetermination of the Borrowing Base pursuant to
Article IV of
the Agreement.

     

    1.8 JPMorgan Chase as Successor to Bank
One.  With respect to the Agreement and the other Loan
Documents, the defined terms “Agent”, “Administrative Agent”, “Bank One, N.A.”
and “Bank One” shall be deemed to mean JPMorgan Chase Bank, N.A. (successor by
merger to Bank One, N.A. (Illinois)) and its successors and
assigns.

     

    1.9 Amendment to Annex
A.  Annex A of the
Agreement shall be and it hereby is amended in it entirety by substituting Annex A attached
hereto.

     

    1.10 Amendment to Schedule
6.8.  Schedule 6.8 of the
Agreement shall be and it hereby is amended in it entirety by substituting Schedule 6.8 attached
hereto

     

    SECTION
2. New Lender and Reallocation of
Commitments and Loans.  The Lenders have agreed among
themselves to reallocate their respective Commitments and to, among other
things, allow Frost Bank, to become a party to the Agreement as a Lender (the
“New Lender”)
by acquiring an interest in the Aggregate Commitment.  Administrative
Agent and the Borrowers hereby consent to such reallocation and the New Lender’s
acquisition of an interest in the Aggregate Commitment.  On the
effective date of this Amendment and after giving effect to such reallocation of
the Aggregate Commitment, the Commitment of each Lender shall be as set forth on
Annex A of this
Amendment.  With respect to such reallocation, the New Lender shall be
deemed to have acquired the Commitment allocated to it from each of the other
Lenders pursuant to the terms of the Assignment and Assumption Agreement
attached as Exhibit C to the
Agreement as if the New Lender and the other Lenders
had executed an Assignment and Assumption Agreement with respect to such
allocation.  The Borrowers and Administrative Agent hereby consent to
such assignment to the New Lender.

     

    SECTION
3. Consent and Reaffirmation of
Guarantors.  By their execution hereof, each Guarantor hereby
(i) acknowledges receipt of this Amendment, (ii) consents to the Borrowers’
execution and delivery hereof; (iii) agrees to be bound hereby; (iv) affirms
that nothing contained therein shall modify in any respect whatsoever its
guaranty of the obligations of the Borrowers to Lenders pursuant to the terms of
its Guaranty in favor of Administrative Agent and the Lenders and (v) reaffirms
that its Guaranty is and shall continue to remain in full force and
effect.

     

    SECTION
4. Conditions.  The
amendments to the Agreement contained in Section 1 of this
Amendment shall be effective upon the satisfaction of each of the conditions set
forth in this Section
4.

     

    
      
        
        

      

      
        
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Amendment to Amended and Restated Credit Agreement – Page 3

          65179745.4

        

        
          

        

      

      
        
        

      

    

    4.1 Execution and
Delivery.  Each Borrower and each Guarantor shall have executed
and delivered this Amendment.

     

    4.2 Representations and
Warranties.  The representations and warranties of each
Borrower under the Agreement, as amended by the Amendment are true and correct
in all material respects as of such date, as if then made (except to the extent
that such representations and warranties relate solely to an earlier
date).

     

    4.3 No Event of
Default.  No Event of Default shall have occurred and be
continuing nor shall any event have occurred or failed to occur which, with the
passage of time or service of notice, or both, would constitute an Event of
Default.

     

    4.4 Payment of Fee.  The
Borrower shall have paid to the Administrative Agent for the benefit of the
Lenders (including the New Lender), an upfront fee of .25% on the $250,000,000
Borrowing Base amount, payable in immediately available funds, which fee has
been fully earned and is non-refundable, to be shared pro rata with any Lender
that has a Commitment (including the New Lender) based on the percentage of such
Lender’s respective Commitment (including the amount of the New Lender’s
Commitment).

     

    4.5 Assignment and
Assumption.  Comerica Bank shall have executed and
delivered an Assignment and Assumption Agreement to each of Natixis and Frost
Bank pursuant to which Comerica Bank shall have assigned all of its interest in
and to its rights and obligations as a Lender to Natixis and Frost Bank in the
proportions set forth therein.

     

    4.6 Other
Documents.  The Administrative Agent shall have received such
other instruments and documents incidental and appropriate to the transaction
provided for herein as the Administrative Agent or its special counsel may
reasonably request, and all such documents shall be in form and substance
satisfactory to the Administrative Agent.

     

    SECTION
5. Representations and Warranties of
Borrowers.  To induce the Lenders to enter into this Amendment,
the Borrowers hereby represent and warrant to the Lenders as
follows:

     

    5.1 Reaffirmation of Representations and
Warranties/Further Assurances.  After giving effect to the
amendments herein, each representation and warranty of any Borrower or any
Guarantor contained in the Agreement or in any of the other Loan Documents is
true and correct in all material respects on the date hereof (except to the
extent such representations and warranties relate solely to an earlier
date).

     

    5.2 Corporate Authority; No
Conflicts.  The execution, delivery and performance by each
Borrower and each Guarantor (to the extent a party hereto or thereto) of this
Amendment and all documents, instruments and agreements contemplated herein are
within each such Borrower’s or such Guarantor’s corporate or other
organizational powers, have been duly authorized by necessary action, require no
action by or in respect of, or filing with, any court or agency of government
and do not violate or constitute a default under any provision of any applicable
law or other agreements binding upon any Borrower or any Guarantor or result in
the creation or imposition of any Lien upon any of the assets of any Borrower or
any Guarantor except for Permitted Liens and otherwise as permitted in the
Agreement.

     

    
      
        
        

      

      
        
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Amendment to Amended and Restated Credit Agreement – Page 4

          65179745.4

        

        
          

        

      

      
        
        

      

    

    5.3 Enforceability.  This
Amendment constitutes the valid and binding obligation of each Borrower and each
Guarantor enforceable in accordance with its terms, except as (i) the
enforceability thereof may be limited by bankruptcy, insolvency or similar laws
affecting creditor’s rights generally, and (ii) the availability of equitable
remedies may be limited by equitable principles of general
application.

     

    SECTION
6. Miscellaneous.

     

    6.1 Limited Waiver.  The
Borrowers have advised the Lenders that they are currently in default under
Section 9.3 of
the Agreement as a result of the aggregate notional amount of Hydrocarbons under
all Rate Management Transactions now in effect exceeding eighty percent (80%) of
the “forecasted production from proved reserves” in violation of Section 8.15(v) (the
“Existing
Default”).  The Borrowers have requested that the Lenders waive
the Existing Default.  The Lenders are willing to waive the Existing
Default and, accordingly, hereby waive the Existing Default arising under Section 9.3 of the
Agreement as a result of the Borrowers’ failure to comply with Section 8.15(v) on
the condition that CWEI and its Subsidiaries are prohibited from entering into
any additional Rate Management Transactions that hedge the production of
Hydrocarbons in respect of any month during the period from the Fifth Amendment
Effective Date through and including December 31, 2008.  By its
signature below, each Borrower and Guarantor agrees that nothing herein shall be
construed as a continuing waiver of the provisions of Section
8.15(v).  The waiver set forth herein is expressly limited as
follows: (a) such waiver is limited solely to the Rate Management Transactions
currently entered into whereby the aggregate notional amount of Hydrocarbons
exceeds eighty percent (80%) of the “forecasted production from proved
reserves”, (b) no further Rate Management Transactions will be entered into that
hedge the production of Hydrocarbons in respect of any month during the period
from the Fifth Amendment Effective Date through and including December 31, 2008
and (c) such waiver is a limited one-time waiver, and nothing contained herein
shall obligate the Lenders to grant any additional or future waiver occurring as
a result of a violation of Section 8.15(v) or
any other provision of the Agreement or any other Loan Document.

     

    6.2 Reaffirmation of Loan Documents and
Liens.  Any and all of the terms and provisions of the
Agreement and the Loan Documents shall, except as amended and modified hereby,
remain in full force and effect.  Each Borrower hereby agrees that the
amendments and modifications herein contained shall in no manner affect or
impair the liabilities, duties and obligations of such Borrower or any Guarantor
under the Agreement and the other Loan Documents or the Liens securing the
payment and performance thereof.

     

    6.3 Parties in
Interest.  All of the terms and provisions of this Amendment
shall bind and inure to the benefit of the parties hereto and their respective
successors and assigns.

     

    6.4 Legal Expenses.  The
Borrowers hereby agree, jointly and severally, to pay all reasonable fees and
expenses of counsel to the Administrative Agent incurred by the Administrative
Agent in connection with the preparation, negotiation and execution of this
Amendment and all related documents.

     

    6.5 Counterparts.  This
Amendment may be executed in one or more counterparts and by different parties
hereto in separate counterparts each of which when so executed and

     

    
      
        
        

      

      
        
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Amendment to Amended and Restated Credit Agreement – Page 5

          65179745.4

        

        
          

        

      

      
        
        

      

    

     delivered
shall be deemed an original, but all such counterparts together shall constitute
but one and the same instrument; signature pages may be detached from multiple
separate counterparts and attached to a single counterpart so that all signature
pages are physically attached to the same document.  However, this
Amendment shall bind no party until the Borrowers, the Guarantors, the Lenders
(or at least the requisite percentage thereof), and the Administrative Agent
have executed a counterpart.  Delivery of photocopies of the signature
pages to this Amendment by facsimile or electronic mail shall be effective as
delivery of manually executed counterparts of this Amendment.

     

    6.6 Complete
Agreement.  THIS AMENDMENT, THE AGREEMENT, AND THE OTHER LOAN
DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE
PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.

     

    6.7 Headings.  The
headings, captions and arrangements used in this Amendment are, unless specified
otherwise, for convenience only and shall not be deemed to limit, amplify or
modify the terms of this Amendment, nor affect the meaning thereof.

     

    [Signature
Pages Follow]

    
      
        
          

           

          
            Fifth
Amendment to Amended and Restated Credit Agreement – Page 6

            65179745.4

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties have caused this Fifth Amendment to Amended and Restated Credit
Agreement to be duly executed as of the date first above written.

     

    
      	 
      	
              BORROWERS:

               

              CLAYTON
      WILLIAMS ENERGY, INC.

              a
      Delaware corporation

               

              By:_____________________________

              Mark
      Tisdale, Vice President and

              General
      Counsel

            
	 
      	
               

              SOUTHWEST
      ROYALTIES, INC.

              a
      Delaware corporation

               

              By:_____________________________

              Mark
      Tisdale, Vice President

            
	 
      	
               

              GUARANTORS:

               

              WARRIOR
      GAS CO.

              a
      Texas corporation

               

              By:_____________________________

              Mark
      Tisdale, Secretary

            
	 
      	
               

              CWEI
      ACQUISITIONS, INC.

              a
      Delaware corporation

               

              By:_____________________________

              Mark
      Tisdale, Secretary

            
	 
      	
               

              ROMERE
      PASS ACQUISITION L.L.C.

              a
      Delaware limited liability company

               

              By:_____________________________

              Mark
      Tisdale, Vice President

            

    

    

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
              CWEI
      ROMERE PASS ACQUISITION CORP.

              a
      Delaware corporation

               

              By:_____________________________

              Mark
      Tisdale, Vice President

            
	 
      	
               

              BLUE
      HEEL COMPANY

              a
      Delaware corporation

               

              By:_____________________________

              Mark
      Tisdale, Vice President

            
	 
      	
               

              TEX-HAL
      PARTNERS, INC.

              a
      Delaware corporation

               

              By:_____________________________

              Mark
      Tisdale, Vice President

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              JPMORGAN CHASE BANK,
      N.A.,

              (successor
      by merger to Bank One, N.A. (Illinois)), as Administrative Agent and
      a Lender

               

              By:_____________________________

              Name: 
      Wm. Mark Cranmer

              Title:     Senior
      Vice President

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              BANK
      OF SCOTLAND

              as
      Co-Agent and a Lender

               

              By:_____________________________

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              UNION
      BANK OF CALIFORNIA, N.A.

              as
      Syndication Agent and a Lender

               

              By:_____________________________

              Name:

              Title:

               

              By:_____________________________

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              BNP
      PARIBAS

              as
      Documentation Agent and a Lender

               

              By:_____________________________

              Name:

              Title:

               

              By:_____________________________

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              FORTIS CAPITAL
      CORP.

              as
      a Lender

               

              By:_____________________________

              Name:

              Title:

               

              By:_____________________________

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              NATIXIS (formerly
      Natexis Banques Populaires)

              as
      a Lender

               

              By:_____________________________

              Name:

              Title:

               

              By:_____________________________

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              GUARANTY
      BANK

              as
      a Lender

               

              By:_____________________________

              Name:

              Title:

            

    

    

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    

    
      	 
      	
              FROST
      BANK

              as
      a Lender

               

              By:_____________________________

              Name:

              Title:

            

    

    

    
      
        
        

      

      
        
          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

        
          

        

      

      
        
        

      

    

    
      	 
      	
               

              BANK
      OF TEXAS, N.A.

              as
      a Lender

               

              By:_____________________________

              Name:

              Title:

            

    

    
      
        
          

           

          Fifth
Amendment to Amended and Restated Credit Agreement – Signature Page

          65179745

        

         

      

      
         

        
          

        

      

      
         

      

    

    ANNEX
A

     

    COMMITMENT
PERCENTAGES

     

    
      	
              LENDER

               

            	
              COMMITMENT

            
	
              JPMorgan
      Chase Bank, N.A.

            	
              $
      38,194,444.43

            
	
              Mail
      Code: TX1-2448

              2200
      Ross Avenue, Third Floor

              Dallas,
      TX 75201

              Attention: 
      Wm. Mark Cranmer

              Telephone: 
      214.965.3225

              Facsimile: 
      214.965.3280

               

            	 
      
	
              Union
      Bank of California, N.A.

            	
              $
      34,722,222.20

            
	
              500
      North Akard Street, Suite 4200

              Dallas,
      Texas  75201

              Attention:  John
      Clark

              Telephone:  214.922.4203

              Facsimile:  214.922.4209

               

            	 
      
	
              Bank
      of Scotland

            	
              $
      34,722,222.20

            
	
              565
      Fifth Avenue

              New
      York, New York

              Attention:  Ms.
      Shirley Vargas

              Telephone:  212.450.0875

              Facsimile:  212.479.2807

               

            	 
      
	
              BNP
      Paribas

            	
              $
      27,777,777.80

            
	
              1200
      Smith Street, Suite 3100

              Houston,
      TX  77002

              Attention:
      Brian Malone

              Telephone:
      713.982.1153

               

            	 
      
	
              Fortis
      Capital Corp.

            	
              $
      27,777,777.80

            
	
              15455
      N. Dallas Parkway, Suite 1400

              Addison,
      TX 75001

              Attention:
      Michele Jones

              Telephone:
      214.953.9303

              Facsimile:
      214-754-5982

               

            	 
      
	
              Guaranty
      Bank

            	
              $
      27,777,777.80

            
	
              Three
      Allen Center

              333
      Clay Street, Suite 4400

              Houston,
      TX  77002

              Attention:  Chris
      Parada

              Telephone:  214.360.3414

               

            	 
      

    

     

    
      
        
        

      

      
        Annex A to Amended and
Restated Credit Agreement

        
          

        

      

      
        
        

      

    

    
      	
              Natixis

            	
              $
      24,305,555.55

            
	
              333
      Clay Street, Suite 4340

              Houston,
      TX  77002

              Attention:  Donovan
      Brousarrd

              Telephone:  713.759.0973

              Fascimile:  713.759.9908

               

            	 
      
	
              Bank
      of Texas

            	
              $
      17,361,111.11

            
	
              5956
      Sherry Lane, Suite 1100

              Dallas,
      TX  75225

              Attention:  Mike
      Delbridge

              Telephone:  214.987.8816

               

            	 
      
	
              Frost
      Bank

            	
              $
      17,361,111.11

            
	
              [Address]

              Attention:
      John Warren

              Telephone:
      817.420.5672

            	 
      

    

    

    
      
        
          

           

          Annex A
to Amended and Restated Credit Agreement

           

           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
6.8

     

    SUBSIDIARIES
AND OTHER INVESTMENTS

     

    CWEI has
the following corporate or limited liability company subsidiaries and other
investments:

     

    
      	
              NAME

            	
              JURISDICTION

            	
              OWNED
      BY

            	
              PERCENT
      

            
	
              SUBSIDIARIES:

            	 
      	 
      	
              OWNERSHIP

            
	 	 	 	 
	
              Warrior
      Gas Company

            	
              Texas

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              Clajon
      Industrial Gas, Inc.

            	
              Texas

            	
              Warrior
      Gas Company

            	
              100%

            
	
              Clayton
      Williams Trading Company

            	
              Texas

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              Clayton
      Williams Venezuela, Inc.

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              CWEI
      Acquisitions, Inc.

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              Clayton
      Williams Pipeline Corporation

            	
              Texas

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              CWEI
      Romere Pass Acquisition Corp.

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              Romere
      Pass Acquisition L.L.C.

            	
              Delaware

            	
              CWEI
      Romere Pass Acquisition Corp.

            	
              100%

            
	
              Warrior
      Mississippi Corporation

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              Southwest
      Royalties, Inc.

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              Blue
      Heel Company

            	
              Delaware

            	
              Southwest
      Royalties, Inc.

            	
              100%

            
	
              Tex-Hal
      Partners, Inc.

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              West
      Coast Energy Properties GP, LLC

            	
              Texas

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	
              CWEI
      Aviation, Inc.

            	
              Texas

            	
              Clayton
      Williams Energy, Inc.

            	
              100%

            
	 	 	 	 
	 
      	 
      	 
      	 
      
	
              OTHER
      INVESTMENTS:

            	 
      	 
      	 
      
	 	 	 	 
	
              SandRidge
      Energy, Inc.

            	
              Delaware

            	
              Clayton
      Williams Energy, Inc.

            	
              *

            

    

    

    

    

    

    

    

    

    

    

    ___________________________

    *Clayton
Williams Energy, Inc. owns 200,460 shares of SandRidge Energy, Inc.,
representing 0.14% of the outstanding stock of SandRidge Energy, Inc. as of June
10, 2008.

    
      
        
          

           

          Schedule
6.8 to Amended and Restated Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]