Document:

Exhibit

EXHIBIT 10.59
EXECUTION COPY
FIRST AMENDMENT TO 
THE SECOND AMENDED AND RESTATED OPERATING AGREEMENT
January 5, 2016

Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA  95054

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Limited Liability Company Operating Agreement of IM Flash Technologies, LLC, a Delaware limited liability company (the “Operating Agreement”), dated April 6, 2012, by and between Micron Technology, Inc., a Delaware corporation, (“Micron”), and Intel Corporation, a Delaware corporation (“Intel”).  Each of Micron and Intel may be referred to herein as a “Party” and collectively as the “Parties.”  Unless otherwise specified, capitalized terms used in this First Amendment to the Second Amended and Restated Operating Agreement (this “Amendment”) and not defined shall have the respective meanings ascribed to such terms in the Operating Agreement.
The Parties desire to amend the Operating Agreement to move out by one year the dates of the Scheduled Intel Put Option Exercise Period and the Scheduled Micron Call Option Exercise Period.  Accordingly, in consideration of the covenants and agreements contained herein, and intending to be legally bound hereby, the Parties hereby agree as follows: 
1.    Amendments to the Operating Agreement.

1.1    The references to “January 1, 2015” and “December 31, 2017” in the first sentence of Section 13.1(A) of the Operating Agreement are hereby replaced with “January 1, 2016” and “December 31, 2018,” respectively, such that the first sentence now reads, in part:

“(A)    If, and only if, Micron has not timely provided to Intel a Micron Call Option Exercise Notice in accordance with Section 13.2(A) and a Change of Control Micron Call Option Exercise Period is not then subsisting, then at any time between and including January 1, 2016 and December 31, 2018 (the “Scheduled Intel Put Option Exercise Period”)...”

1.2    The references to “January 1, 2018” and “December 31, 2020” in the first sentence of Section 13.2(A) of the Operating Agreement are hereby replaced with “January 1, 2019” and “December 31, 2021,” respectively, such that the first sentence now reads, in part:

“(A)    If, and only if, Intel has not timely provided to Micron an Intel Put Option Exercise Notice in accordance with Section 13.1(A) and a Change of Control Intel Put Option Exercise Period is not then subsisting, then at any time between and including January 1, 2019 and December 31, 2021 (the “Scheduled Micron Call Option Exercise Period”)...”

1.3    The reference to January 1, 2021 in the definition of "Distribution Amount" in Appendix A to the Operating Agreement is hereby replaced with January 1, 2022.

1.4    Effect of Amendment.  This Amendment, however, shall not constitute a consent with respect to, or modification, amendment or waiver of, the Operating Agreement beyond the terms expressly set forth in Section 1.  Except as specifically modified by Section 1, all other provisions of the Operating Agreement remain in full force and effect.

2.    Miscellaneous.

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2.1    Severability.  Should any provision of this Amendment be deemed in contradiction with the Applicable Laws of any jurisdiction in which it is to be performed or unenforceable for any reason, such provision shall be deemed null and void, but this Amendment shall remain in full force in all other respects.  Should any provision of this Amendment be or become ineffective because of changes in Applicable Law or interpretations thereof, or should this Amendment fail to include a provision that is required as a matter of law, the validity of the other provisions of this Amendment shall not be affected thereby.  If such circumstances arise, the Parties shall negotiate in good faith appropriate modifications to this Amendment to reflect those changes that are required by Applicable Law.

2.2    Governing Law and Venue.

(A)    This Amendment shall be construed and enforced in accordance with and governed by the laws of the State of Delaware, without giving effect to the principles of conflict of laws thereof.

(B)    Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Amendment shall be brought in a state or federal court located in Delaware and each of the Parties hereby consents and submits to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by Applicable Law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum.  Process in any such suit, action or proceeding may be served on any Party anywhere in the world, whether within or without the jurisdiction of any such court.

2.3    Headings; Interpretation.  The headings in this Amendment are provided for convenience of reference only and shall not be deemed to constitute a part hereof.  No provision of this Amendment will be interpreted in favor of, or against, any of the Parties by reason of the extent to which any such Party or its counsel participated in the drafting thereof or by reason of the extent to which any such provision is inconsistent with any prior draft of this Amendment or such provision.

2.4    Counterparts.  This Amendment may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Delivery by a Party of an executed counterpart of this Amendment via facsimile or other electronic method of transmission pursuant to which the signature of such Person can be seen (including Adobe Corporation’s Portable Document Format) will have the same force and effect as the delivery of an original executed counterpart of this Amendment.

2.5    Confidentiality.  All information provided, disclosed or obtained in the performance of any of the Parties’ activities under this Amendment shall be subject to all applicable provisions of the Confidentiality Agreement.  Furthermore, the terms and conditions of this Amendment shall be considered “Confidential Information” under the Confidentiality Agreement for which each Party is considered a “Receiving Party” under such agreement.  To the extent there is a conflict between this Amendment and the Confidentiality Agreement, the terms of this Amendment shall control.

[Remainder of Page Intentionally Left Blank]

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Please confirm that the above correctly reflects our understanding and agreement with respect to the foregoing matters by signing the enclosed copy of this letter and returning such copy to Micron.

	
			
	 
	Very truly yours,

	 
	 

	 
	MICRON TECHNOLOGY, INC.

	 
	By:
	/s/  D. Mark Durcan

	 
	 
	Name: D. Mark Durcan

	 
	 
	Title: Chief Executive Officer

	 
	 
	 

	 
	 
	 

	
			
	Agreed and Accepted:
	 

	 
	 

	INTEL CORPORATION

	 

	By:
	/s/ Robert Crooke
	 

	 
	Name: Robert Crooke
	 

	 
	Title: SVP
	 

	 
	 
	 

	 
	 
	 

THIS IS THE SIGNATURE PAGE FOR 
THE FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED 
LIMITED LIABILITY COMPANY OPERATING AGREEMENT 
BY AND BETWEEN MICRON TECHNOLOGY, INC. 
AND INTEL CORPORATION

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NAI-1500501235v3Exhibit

EXHIBIT A

SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

Exhibit 10.1

THIRD AMENDMENT TO
SENIOR CREDIT AGREEMENT
THIS THIRD AMENDMENT TO SENIOR CREDIT AGREEMENT, dated effective as of April 8, 2016 (the "Third Amendment"), is made and entered into between and among UNIT CORPORATION, SUPERIOR PIPELINE COMPANY, L.L.C., UNIT DRILLING COMPANY, UNIT PETROLEUM COMPANY, SUPERIOR PIPELINE TEXAS, L.L.C., and SUPERIOR APPALACHIAN PIPELINE, L.L.C. (collectively, the "Borrowers"), the Lenders signatory parties to this Third Amendment (individually a "Lender" and collectively, the "Lenders") and BOKF, NA dba Bank of Oklahoma, as administrative agent for the Lenders now or hereafter signatory parties thereto (the "Administrative Agent").
RECITALS:
A.    The Borrowers, the Lenders signatory thereto and the Administrative Agent entered into that certain Senior Credit Agreement dated as of September 13, 2011, as amended by that certain First Amendment and Consent to Senior Credit Agreement dated as of September 5, 2012 and as further amended by that certain Second Amendment and Consent to Senior Credit Agreement dated as of April 10, 2015 (collectively, the "Existing Credit Agreement"), under which the Lenders severally established certain Commitments set forth on the Lenders Schedule annexed as Schedule 2 to the Existing Credit Agreement until the Facility Termination Date, subject to the Maximum Credit Amount and the Borrowing Base.
B.    Borrowers have requested and the Required Lenders have agreed to amend certain provisions of the Existing Credit Agreement all as set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Third Amendment, and other good and valuable consideration, receipt of which is acknowledged by the parties hereto, the parties agree as follows:
1.    Pricing Schedule.  Schedule 1 annexed to the Existing Credit Agreement is deleted and replaced in its entirety by the revised Schedule 1 annexed to this Third Amendment. 
2.    Lenders Schedule.  Schedule 2 annexed to the Existing Credit Agreement is deleted and replaced in its entirety by the revised Schedule 2 annexed to this Third Amendment with each Lender having the Commitment set forth opposite such Lender's name on the replacement Schedule 2.
3.    Reduction of the Total Commitment and Maximum Credit Amount.  Borrowers, Lenders and Administrative Agent agree, stipulate and confirm that effective as of the date of this Third Amendment (i) the Total Commitment is hereby reduced from “$500,000,000” to "$475,000,000" and (ii) the Maximum Credit Amount is hereby reduced from “$900,000,000” to “$875,000,000”, and from and after the date of this Third Amendment all references in Section 2.1 of the Existing Credit Agreement and elsewhere in the Existing Credit Agreement or any other Loan Document to a Total Commitment and a Maximum Credit Amount shall, for all 

purposes, mean and refer to a Total Commitment of "$475,000,000" and a Maximum Credit Amount of “$875,000,000”.
4.    Borrowing Base.  From and after the effective date of this Third Amendment, the reference in Section 2.6.1 of the Existing Credit Agreement to a Borrowing Base of "$550,000,000" is deleted and replaced with a reference to the Borrowing Base of "$475,000,000" until the next scheduled Determination Date (i.e., October 1, 2016).  Borrowers, Lenders and Administrative Agent agree, stipulate and confirm that the Borrowing Base, as, from and after the effective date of this Third Amendment, will be $475,000,000 until such next scheduled Determination Date.  The parties acknowledge and agree that the redetermination of the Borrowing Base as provided in this Section 4 of the Third Amendment shall constitute the April 1, 2016 scheduled redetermination of the Borrowing Base under the Existing Credit Agreement. 
5.    Additional Definitions.  Section 1.1 of the Existing Credit Agreement is hereby amended to add thereto in alphabetical order the following definitions which shall read in full as follows:
“Anti-Corruption Laws” mean, collectively, the FCPA, the UK Bribery Act of 2010, and all other legal requirements and guidelines of any jurisdiction applicable to any Credit Party from time to time concerning or relating to bribery or corruption.
“Anti-Money Laundering Laws” mean, collectively, all applicable financial recordkeeping and reporting requirements and the money laundering statutes and the rules and regulations thereunder and any related or similar legal requirements or guidelines, which in each case are issued, administered or enforced by any Governmental Authority having jurisdiction over any Credit Party.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
 “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

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“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“Equity Interest” and “Equity Interests” mean, individually or collectively as the context requires, shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such Equity Interest.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time
“FCPA” means The United States Foreign Corrupt Practices Act of 1977 (Pub. L. No. 95 213, §§101 104), as amended or replaced.
“Mortgage” means each mortgage, deed of trust or any other document creating and evidencing a Lien on real or immovable Property and other Property (including any Oil and Gas Property that constitutes real property) in favor of the Administrative Agent (on behalf of the Lenders), which shall be in a form reasonably satisfactory to the Administrative Agent, as the same may be amended, modified, supplemented or restated from time to time in accordance with the Loan Documents.
“Pledge Agreement” means that certain Pledge Agreement executed and delivered by Unit effective as of the date of the Third Amendment.
“Ratings Requirement” means Unit’s unsecured corporate rating is (i) BBB- or better with respect to any rating issued by S&P (without negative outlook or negative watch), or (ii) Baa3 or better with respect to any rating issued by Moody’s (without negative outlook or negative watch), provided, if Unit only satisfies one of the ratings set forth above, Unit shall still be deemed to have satisfied the Ratings Requirement so long as Unit satisfies one of the two ratings above and has an unsecured corporate rating of at least (x) BB+ with respect to S&P (without negative outlook or negative watch), if Unit otherwise satisfies the rating set forth in clause (ii) above and (y) Ba1 with respect to Moody’s (without negative outlook or negative watch), if Unit otherwise satisfies the rating set forth in clause (i) above.  
“Sanctions” means, collectively, economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) any U.S. Governmental Authority, including, without limitation, those administered by the OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom; in each such case, as amended, supplemented or substituted from time to time.
“Security Instruments” mean the Pledge Agreement, each Mortgage and all other agreements, instruments, consents and certificates now or hereafter executed and delivered by any Credit Party or other Person as security for the payment or performance of the Obligations, as the same may be amended, modified, restated or replaced from time to time. 

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“Senior Indebtedness” means, with respect to the Borrowers on a consolidated basis, the sum equal to (a) the principal amount of all outstanding Loans and (b) all Material Indebtedness that is secured by a Lien, excluding any Subordinated Debt or Indebtedness permitted under Section 7.2(v). 
“Subordinated Debt” means (i) the Existing Subordinated Notes and (ii) all other Indebtedness which is contractually subordinated in right of payment, collection, enforcement and lien rights to the prior payment in full of the Obligations on terms satisfactory to Administrative Agent, and includes Indebtedness in the form of subordinated convertible debentures or subordinated promissory notes.
“Third Amendment” means the Third Amendment to Senior Credit Agreement dated April 8, 2016 among the Borrowers, the Administrative Agent and the Lenders party thereto.
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
6.    Amendment and Restatement of Definitions.  The definitions of “Capitalized Lease Obligations”, “Consolidated EBITDA”, “Consolidated Net Income”, “Defaulting Lender”, and “Loan Documents”, respectively, contained in Section 1.1 of the Existing Credit Agreement are hereby amended and restated to read in full as follows:
“Capitalized Lease Obligations” of a Person means the amount of the obligation of that Person under Capitalized Leases which would be shown as a liability on that Persons balance sheet prepared in accordance with GAAP; provided that (i) any lease that was treated as an operating lease under GAAP at the time it was entered into that later becomes a Capital Lease as a result of a change in GAAP during the life of such lease, including any renewals, and (ii) any lease entered into after the date of the Third Amendment that would have been considered an operating lease under the provisions of GAAP, in each case, shall be treated as an operating lease for all purposes under the Third Amendment, provided further, in no event shall the aggregate amount of the obligations under operating leases and/or leases addressed in clauses (i) and (ii) above exceed $25,000,000.00.

“Consolidated EBITDA” means Consolidated Net Income plus, to the extent deducted in determining Consolidated Net Income, (a) Consolidated Interest Expense, (b) expense for income and income based taxes paid or accrued, (c) depreciation, depletion, and amortization, all calculated on a consolidated basis, (d) non-cash expenses of the Borrowers and their Subsidiaries associated with stock-based plans reducing such Consolidated Net Income which do not represent a cash item in such period or any future period, (e) any net loss reducing Consolidated Net Income in connection with any disposition of assets, (f) any extraordinary, unusual or non-cash expenses or losses of Borrowers and their Subsidiaries reducing Consolidated Net Income which do not represent a cash item in such period or any future period, and (g) all other non-cash charges, minus all non-cash income, added to Consolidated Net Income. 

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“Consolidated Net Income” means, with reference to any period, the net income (or loss) of the Borrowers and their Subsidiaries calculated on a consolidated basis for such period; but there will not be included in Consolidated Net Income (to the extent it otherwise would be included) any of the following:  (a) any after tax extraordinary gain or loss, along with any provisions for taxes on such gain or loss and all related fees and expenses; (b) the cumulative effect of a change in accounting principles; (c) any asset impairment write-downs on Oil and Gas Properties under GAAP or SEC guidelines; (d) any consolidated impairment charges recorded in connection with the application of ASC 350 "Goodwill and Other Intangibles;" (e) any unrealized non-cash gains or losses on charges in respect of Rate Management Obligations or hedging obligations (including those resulting from the application of ASC 815); (f) income or loss attributable to discontinued operations (including operations disposed of during such period whether or not such operations were classified as discontinued), (g) all deferred financing costs written off, and premiums paid, in connection with any early extinguishment of Indebtedness, (h) non-cash expenses of the Borrowers and their Subsidiaries associated with stock-based plans reducing such Consolidated Net Income which do not represent a cash item in such period or any future period, and (i) any other non-cash charges; and provided further that if the Borrowers and their Subsidiaries shall acquire or dispose of any Property during such period, then Consolidated Net Income shall be calculated after giving the pro forma effect to such acquisition or disposition in accordance with GAAP approved by the Administrative Agent, as if such acquisition or disposition had occurred on the first day of such period.

“Defaulting Lender” is amended by: (i) deleting the word “or” located immediately before clause (e) as heretofore set forth therein; (ii) deleting the period at the end of clause (e) as heretofore set forth therein and replacing same with a comma; and (iii) adding the following immediately thereafter: “; or (f) that has, or that has a direct or indirect parent company that has, become the subject of a Bail-In Action.”
    
“Loan Documents” means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the LC Applications, the Notes, the Letters of Credit, each Subsidiary Guaranty, the Security Instruments and each compliance certificate, Borrowing Notice, and Conversion/Continuation Notice executed by Borrowers pursuant to this Agreement.

7.    Addition of New Section 5.22 to the Existing Credit Agreement.  A new Section 5.22 (EEA Financial Institutions) is hereby added to the Existing Credit Agreement as follows:
“5.22    EEA Financial Institutions.  No Credit Party is an EEA Financial Institution.”
8.    Amendment to Section 6.10 to the Existing Credit Agreement.  Section 6.10 (Compliance with OFAC Rules and Regulations) of the Existing Credit Agreement is hereby amended by adding the following new subsections immediately after subsection 6.01(b) as follows:
 “(c)    No Credit Party has heretofore or will hereafter knowingly become associated with or act on behalf of any Person that: (i) has used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) offered, paid, given, promised to pay, authorized the payment of, or taken any action in furtherance of the payment of anything of value directly or indirectly to a Government Authority or any other Person to improperly influence the recipient’s action 

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or otherwise to obtain or retain business or to secure an improper business advantage; or (iii) violated or is in violation of any provision of any Anti-Corruption Law.
(d)     Each Credit Party has implemented and maintains in effect policies and procedures designed to promote compliance by such Credit Party and its respective directors, officers and employees with Anti-Money Laundering Laws, Anti-Corruption Laws and applicable Sanctions, and each Credit Party and their respective officers and employees and, to the knowledge of each such Loan Party, its directors, are in compliance with all Anti-Money Laundering Laws, Anti-Corruption Laws and all applicable Sanctions in all material respects. No Advance, other borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement or the other Loan Documents will violate any Anti-Money Laundering Laws, any Anti-Corruption Laws, or any applicable Sanctions.”
9.    Addition of New Section 6.11 to the Existing Credit Agreement.  A new Section 6.11 (Pledged Collateral) is hereby added to the Existing Credit Agreement as follows:
“6.11    Pledged Collateral.  

		
	(a)
	Subject to clause (c) below, the applicable Borrowers shall execute and deliver to the Administrative Agent as additional security for the Obligations (and, if necessary,  shall cause any Subsidiary and each other applicable Person that is Affiliated with any Person comprising the Borrowers and any Subsidiary, as applicable, to execute and deliver to Administrative Agent), the following additional Loan Documents and any related information and materials, and Borrowers shall pay all costs and expenses in connection with Administrative Agent negotiation, enforcement, amendment, administration, filing and recording any such Security Instrument (including, without limitation, any mortgage or intangible tax) and reviewing and evaluating any such related information and materials:

 
(i)one or more Mortgages encumbering Oil and Gas Properties of the Credit Parties and granting the Administrative Agent (on behalf of the Lenders) a first-priority Lien interest (subject only to Permitted Encumbrances) therein such that after giving effect thereto, the mortgaged Oil and Gas Properties will represent at least 85% of the proved developed producing (discounted at present worth at 8% (“PDP PW8”) total value of the Oil and Gas Properties evaluated in the most recently completed reserve report or engineering report (as applicable) after giving effect to exploration and production activities, acquisitions, dispositions and production, all as determined by Administrative Agent in accordance with Administrative Agent’s then-current practices, economic and pricing parameters, methodology, assumptions, and prudent oil and gas banking industry standards established by Administrative Agent from time to time for its petroleum industry customers. All such Liens will be created and perfected by and in accordance with the provisions of the Mortgages and UCC financing statements, all in form and substance reasonably satisfactory to the Administrative Agent and in sufficiently executed (and acknowledged where necessary or appropriate) counterparts for recording purposes with accurate and complete legal descriptions (which instruments 

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Administrative Agent shall then cause to be recorded, at Borrowers’ cost, in all applicable jurisdictions as determined by Administrative Agent); 

(ii)  all documents, if any, required by the applicable jurisdictions for filing in connection with the recording of any such Oil and Gas Properties Mortgage(s);

(iii)  all title information and materials respecting the Oil and Gas Properties that will be encumbered by such Mortgage(s).  Borrowers shall at all times, promptly following Administrative Agent’s request, provide Administrative Agent title opinions, assurances or such other reasonable title information and data requested by and/or reasonably acceptable to Administrative Agent to the extent related to the Oil and Gas Properties and covering enough of the Oil and Gas Properties so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 85% of the PDP PW8 total value of the Oil and Gas Properties evaluated in the most recently completed reserve report or engineering report (as applicable). Without limitation of any of the foregoing, but in furtherance thereof, a correct, complete and accurate schedule of the Oil and Gas Properties that will be encumbered by such Mortgage(s) is attached to and incorporated into this Third Amendment as Exhibit A hereto; and

(iv)  the Pledge Agreement which shall provide the Administrative Agent (on behalf of the Lenders) a first-priority Lien interest in all of the Equity Interests of Superior Pipeline Company, L.L.C. 

		
	(b)
	Subject to clause (c) below, in connection with each redetermination of the Borrowing Base, the Administrative Agent shall review the reserve report or engineering report (as applicable) and the list of current mortgaged Oil and Gas Properties to ascertain and determine (in accordance with Administrative Agent’s then-current practices, economic and pricing parameters, methodology, assumptions, and prudent oil and gas banking industry standards established by Administrative Agent from time to time for its petroleum industry customers) whether the mortgaged Oil and Gas Properties represent at least 85% of the PDP PW8 total value of the Oil and Gas Properties evaluated in the most recently completed reserve report or engineering report (as applicable). In the event that the mortgaged Oil and Gas Properties do not represent at least 85% of such PDP PW8 total value, then the Borrowers shall, and, if necessary, shall cause the Subsidiaries or any such other Persons to, grant to the Administrative Agent, within thirty (30) days after written request from Administrative Agent as security for the Obligations a first-priority Lien (subject only to Permitted Encumbrances) interest on additional Oil and Gas Properties of the Credit Parties not already subject to a Lien of the Security Instruments such that after giving effect thereto, the mortgaged Oil and Gas Properties will represent at least 85% of such PDP PW8 total value. All such Liens will be created and perfected by and in accordance with the provisions of Mortgages or other Security Instruments, all in form and substance reasonably satisfactory to the 

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Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate) counterparts for recording purposes.

		
	(c)
	Notwithstanding the foregoing, the Credit Parties’ obligations under this Section 6.11 shall not apply during any period in which Unit is in compliance with the Ratings Requirement.  Borrowers’ shall have the right to request Administrative Agent, at Borrowers’ sole cost and expense, to release and/or terminate any Security Instrument outstanding during any period in which Borrowers are in compliance with the Ratings Requirement and, so long as no Event of Default exists and Borrowers are in compliance with the Ratings Requirement as of the date of such request and as of the effective date of such release and/or termination, Administrative Agent shall record and/or file such termination or otherwise cause such release to occur, provided, in the event at any time from and after such release and/or termination, Borrowers’ fail to satisfy (or remain in compliance with) the Ratings Requirement, Borrowers shall, within thirty (30) days after notice thereof, execute and deliver (or cause to be executed and delivered) all such Security Instruments as are required under clauses (a) and (b) above as security for the Obligations.  The rights granted the Credit Parties under this section will be available from time to time to the extent Unit satisfies the Ratings Requirement.      

		
	(d)
	Any material failure by Borrowers or any other Credit Party or Person to timely perform and comply with the covenants and requirements as set forth in this Section 6.11 shall constitute an Event of Default under Section 10.1 of this Agreement, provided, for purposes hereof, any failure by any Borrower, other Credit Party or other Person to provide all information and materials respecting the Oil and Gas Properties that will be encumbered by such Mortgage(s) (including, without limitation, legal descriptions) or other information necessary for Administrative Agent to properly record the Mortgage(s) within 60 days following the date of the Third Amendment (as such 60 days may be extended by Administrative Agent in its sole discretion) shall constitute a material failure under this Agreement.

10.    Amendment to Section 7.6 to the Existing Credit Agreement.  Section 7.6 (Liens) of the Existing Credit Agreement is hereby amended by adding the following at the end thereof:

“(xv) Liens in favor of issuers of surety or performance bonds or letters of credit or bankers’ acceptances issued pursuant to the request of and for the account of such Person in the ordinary course of its business;

(xvi) Liens reserved in or exercisable under any lease, license, sublease and sublicense of Property to which any Borrower or any Subsidiary is a lessee (including, without limitation, real property and intellectual property rights) which was entered into in the ordinary course of business and which secures the payment of rent or compliance with the terms of such lease, license, sublease or sublicense; provided, that the rent under such lease, license, sublease and sublicense is not then overdue and such Borrower or such Subsidiary is in material compliance with the terms and conditions thereof;

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(xvii) Liens for the purpose of securing the payment of all or a part of the purchase price of, or Capital Lease Obligations or purchase money obligations incurred to finance the acquisition, lease, improvement or construction of or repairs or additions to, Property acquired or constructed in the ordinary course of business, provided that such Liens are only in respect of the Property subject to, and secure only, the respective Capital Lease Obligations or purchase money obligations;

(xviii) Liens arising solely by virtue of any statutory or common law provisions relating to customary banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution, provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Board of Governors of the Federal Reserve Systems of the United States (or any successor entity) and no such deposit account is intended by any Borrower or any of their respective Subsidiaries to provide collateral to the depository institution (other than for the payment of administrative fees and expenses incurred in the ordinary course of business in connection with the maintenance of such deposit account) or any other Person (other than the Lenders or otherwise to secure the Obligations);

(xix) Liens arising from UCC financing statement filings arising out of the Loan Documents or regarding operating leases entered into by the Borrowers and Credit Parties in the ordinary course of business, provided, that such Liens regarding operating leases do not secure Indebtedness of any Borrower or any Subsidiary and do not encumber any Property of any Borrower or any Subsidiary other than the Property that is the subject of such grants and leases and items located thereon; 

(xx) Liens on Property at the time Borrowers or Credit Parties acquired the Property, including any acquisition by means of a merger or consolidation with or into any Borrowers or Credit Parties, provided that (w) such Liens shall be created substantially simultaneously with the acquisition of the related Property, (x) such Liens do not at any time encumber any Property other than the Property financed by such Indebtedness, (y) the amount of Indebtedness secured thereby is not increased and (z) the principal amount of Indebtedness secured by any such Lien shall at no time exceed one hundred percent (100%) of the original price for the purchase of such Property at the time of purchase;

(xxi) Liens securing the Existing Subordinated Notes provided, that (x) such Liens do not at any time encumber any Oil and Gas Property or any other Property other than the Property originally secured by such Indebtedness, and (y) the amount of Indebtedness secured thereby is not increased;

(xxii) Liens on pipelines or pipeline facilities that arise by operation of law; 

(xxiii) Liens made in the ordinary course of business to secure liability to insurance carriers respecting the financing of insurance premiums; 

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(xxiv) Liens securing Financial Contracts subject to Section 7.9 of the Existing Credit Agreement as amended by the Third Amendment; 

(xxv)  minor defects and irregularities in title to any Oil and Gas Property, so long as such defects and irregularities do not secure Indebtedness, deprive the applicable Borrower of any material right in respect of such Oil and Gas Property or constitute a Material Adverse Effect (as determined by Administrative Agent, in its sole discretion); 

(xxvi) deposits of cash, securities or instruments (including payment or performance bonds, but excluding appeal bonds) to secure the performance of bids, trade contracts, leases, statutory obligations and other obligations of like nature incurred in the ordinary course of business;

(xxvii) royalties, overriding royalties, reversionary interests, production payments and similar burdens respecting the Oil and Gas Properties, which do not constitute a Material Adverse Effect (as determined by Administrative Agent, in its sole discretion);

(xxviii) sales contracts or other arrangements for the sale of oil, natural gas and other hydrocarbons in the ordinary course of business which would not (when considered cumulatively with the items referenced in clause referenced in clause (xxvii) immediately preceding) constitute a Material Adverse Effect (as determined by Administrative Agent, in its sole discretion);

(xxix) Liens to secure plugging and abandonment obligations, which do not constitute a Material Adverse Effect (as determined by Administrative Agent, in its sole discretion); and

(xxx) other Liens (if any) expressly permitted by the Oil and Gas Mortgages;

provided, in no event shall any Permitted Encumbrance encumber any Oil and Gas Property other than a Lien in favor of the Administrative Agent (on behalf of the Lenders) or Liens permitted in clause (xxix) above.” 

11.    Amendment to Section 7.9 (Financial Contracts) of the Existing Credit Agreement. Section 7.9 (Financial Contracts) of the Existing Credit Agreement is hereby amended by (i) deleting the “; and” at the end of Section 7.9(i) thereof, (ii) deleting the “.” at the end of Section 7.9(ii) thereof and inserting a “; and” and (iii) adding the following at the end thereof:

‘(iii)    So long as no Event of Default shall exist either before or after giving effect to such payment or posting, the Credit Parties shall have the right to post-margin as and to the extent required under the terms of any Financial Contract with a third party counterparty which is not a Lender or an Affiliate of a Lender, provided, in no event shall the aggregate amount of any margin or other posted security exceed $25,000,000 at any time.” 

10

12.    Amendment to Section 7.14 to the Existing Credit Agreement.  Section 7.14 (Prohibited Action) of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

“7.14  Prohibited Action.  Without limiting anything contained in this Agreement to the contrary, Borrowers will, and will cause each of its Subsidiaries to, ensure that no person who owns a controlling interest in or otherwise controls any Borrower or any Subsidiary is or shall be a Sanctioned Person. Borrowers covenant and agree that they shall not use any proceeds of any Credit Extension to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country, or in any other manner that will result in any violation by any Person (including any Lender, the Administrative Agent or any L/C Issuer) of any Anti-Money Laundering Laws, any Anti-Corruption Laws, or any applicable Sanctions.”
13.    Amendment to Section 8.2 of the Existing Credit Agreement. Section 8.2 (Leverage Ratio) of the Existing Credit Agreement is deleted and replaced in its entirety by the following:
“8.2    Leverage Ratio.  Commencing with Unit’s fiscal quarter ending June 30, 2019, and for each fiscal quarter ending thereafter, Unit will not permit the ratio, determined as of the end of each such applicable fiscal quarter, of (i) Funded Debt to (ii) Consolidated EBITDA for the then most-recently ended rolling four (4) fiscal quarters to be greater than 4.0 to 1.0.”   
14.    Addition of New Section 8.3 to the Existing Credit Agreement.  A new Section 8.3 (Senior Indebtedness Ratio) is hereby added to the Existing Credit Agreement as follows:
“8.3    Senior Indebtedness Ratio.  Commencing with Unit’s fiscal quarter ending March 31, 2016 and for each fiscal quarter thereafter through the fiscal quarter ending March 31. 2019, Unit will not permit the ratio, determined as of the end of each such applicable fiscal quarter, of (i) Senior Indebtedness to (ii) Consolidated EBITDA for the then most-recently ended rolling four (4) fiscal quarters to be greater than 2.75 to 1.0.”
    
15.    Amendment to Section 10.1 to the Existing Credit Agreement.  Section 10.1 (Events of Default) of the Existing Credit Agreement is hereby amended by (i) amending and restating Section 10.1.14 in its entirety and (ii) adding a new Section 10.1.16 at the end of Section 10.1 as follows:
“10.1.14   Except to the extent expressly permitted by the Loan Documents, any Subsidiary Guaranty fails to remain in full force or effect or any action is taken to discontinue or to assert the invalidity or unenforceability of any Subsidiary Guaranty, or any Subsidiary Guarantor fails to comply with any of the terms or provisions of any Subsidiary Guaranty to which it is a party, or any Subsidiary Guarantor denies that it has any further liability under any Subsidiary Guaranty to which it is a party, or gives notice to such effect, or any Subsidiary Guaranty shall be revoked or terminated or any Credit Party attempts to revoke or terminate a Subsidiary Guaranty.”

11

“10.1.16   Except to the extent expressly permitted by the Loan Documents, any Security Instrument fails to remain in full force or effect and/or ceases to create a valid and perfected first priority lien in and to the property subject to such Security Instrument or any action is taken to discontinue or to assert the invalidity or unenforceability of any Security Instrument, or any Credit Party fails to comply with any of the terms or provisions of any Security Instrument to which it is a party, or any Credit Party denies that it has any further liability under any Security Instrument to which it is a party, or gives notice to such effect, or any Security Instrument shall be revoked or terminated or any Credit Party attempts to revoke or terminate a Security Instrument.”
16.    Post-Closing Obligations.  The Credit Parties, Administrative Agent and Lenders agree that the Credit Parties shall have 60 days following the date of this Third Amendment to execute and deliver the Oil and Gas Mortgages required under Section 6.11(a)(i) of the Credit Agreement as described under Paragraph 9 above (as such 60 days may be extended by Administrative Agent in its sole discretion). Borrowers’ failure to deliver such Mortgages within the post-closing time period provided above (as may be extended by Administrative Agent in its sole discretion) shall constitute an immediate Event of Default under the Credit Agreement and no additional notice or cure period shall apply to such failure.  
17.    Ratification of Representations, Warranties, Covenants and Other Provisions.  All of the remaining terms, provisions and conditions set forth in the Existing Credit Agreement shall continue and remain in full force and effect and are incorporated herein and ratified and adopted herein by reference (including without limitation, the consents, waivers and other provisions of Article XVII thereof). The Borrowers restate, confirm and ratify the warranties, covenants and representations set forth in the Existing Credit Agreement and further represent and warrant to the Administrative Agent and the Lenders as of the date hereof (after giving effect to this Third Amendment) that (i) no uncured Default or Event of Default exists under the Existing Credit Agreement, as amended by this Third Amendment, (ii) Borrowers have all necessary power and authority to execute, deliver and perform their respective obligations under this Third Amendment; (iii) the execution, delivery and performance by the Borrowers of this Third Amendment has been duly authorized by all necessary action on their part; (iv) this Third Amendment has been duly executed and delivered by the Borrowers and constitutes the legal, valid and binding obligation of the Borrowers in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditor’s rights and by equitable principles (regardless of whether enforcement is sought in equity or at law); (v) the execution and delivery of this Third Amendment by the Borrowers and the performance of their respective obligations hereunder require no authorizations, approvals or consent, or registration or filing with, or further action by, any Governmental Authority, except for those that have been obtained or made and are in effect; and (vi) neither the execution and delivery of this Third Amendment nor compliance with the terms hereof will contravene, or result in a breach of, the charter, by-laws, operating agreement or other corporate governance documents of the Borrowers, any requirement of applicable law, any agreement or instrument to which the Borrowers are a party or by which it is bound or to which it or its Property or assets are subject, or constitute a default under any such agreement or instrument.

12

18.    Conditions Precedent.  This Third Amendment will become effective as of the date on which each of the following conditions precedent have been satisfied:

a.    the Borrowers have signed and delivered, or caused to be signed and delivered, to the Administrative Agent for the benefit of the Lenders, each of the following:

i.counterparts of this Third Amendment;

ii.counterparts of the Pledge Agreement in form and substance satisfactory to Administrative Agent;

iii.a favorable written closing opinion of counsel to the Borrowers (in the event Borrowers use outside counsel such counsel will be acceptable to the Administrative Agent), addressed to the Administrative Agent and the Lenders in form, scope and substance reasonably satisfactory to the Administrative Agent; and

iv.such good standing certificates and UCC searches concerning the Borrowers as are required by the Administrative Agent.

b.     payment of all fees and expenses owed by Borrowers to the Administrative Agent that have been billed and submitted to the Administrative Agent and Unit as of the execution and delivery date hereof, including the reasonable attorney's fees and expenses of legal counsel for the Administrative Agent, to the extent billed; and

c.    counterparts of this Third Amendment have been signed by the Required Lenders and delivered to the Administrative Agent.

19.    Fees and Costs.   Borrowers agree to pay (i) to the Administrative Agent on demand all costs, fees and expenses (including without limitation) reasonable attorneys' fees and legal expenses incurred or accrued by the Administrative Agent in connection with the preparation, negotiation, execution, closing, delivery and administration of this Third Amendment and the transactions contemplated hereby and (ii) to the Administrative Agent an amendment fee in an amount pursuant to a separate fee letter between Administrative Agent and Borrowers to be payable to Administrative Agent and each Lender consenting to this Third Amendment (by execution hereof), which fee shall be deemed to be fully earned and non-refundable as of the date hereof.
20.    Effect on Credit Documents.  Except only as amended in this Third Amendment, the Existing Credit Agreement and all other Loan Documents remain in full force and effect as originally executed and are hereby ratified, confirmed and continued for all purposes. Nothing in this Third Amendment shall act as a waiver of any of the Administrative Agent's or any Lender's rights under the Loan Documents as amended, including the waiver of any default or event of default, however denominated. Borrowers acknowledge and agree that this Third Amendment shall in no manner impair or affect the validity or enforceability of the Existing Credit Agreement, as amended by this Third Amendment. This Third Amendment is a Loan Document for the purposes of the provisions of the other Loan Documents. Without limiting the foregoing, any breach of representations, warranties and covenants under this Third Amendment shall be a 

13

Default or Event of Default under Article 10 of the Existing Credit Agreement. All references to the “Credit Agreement” in any document, instrument, agreement, or writing shall be deemed to refer to the Existing Credit Agreement as amended by this Third Amendment.

21.    Undefined Terms/Recitals.  Any capitalized term used herein but not otherwise defined shall have the meaning given to such term in the Existing Credit Agreement. The Recitals set forth in this Third Amendment are, by this reference, incorporated into and deemed a part of this Third Amendment.  
22.    Counterparts.  This Third Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this Third Amendment by facsimile or electronic transmission (e.g., pdf) shall be effective as delivery of a manually executed counterpart hereof.
23.    No Course of Dealing. This Third Amendment shall not establish a course of dealing or be construed as evidence of any willingness or commitment on the part of Administrative Agent or any Lender to agree to other or future amendments to or modifications of the Credit Agreement or other Loan Documents.
24.    Governing Law.  THIS THIRD AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF OKLAHOMA, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
25.    ENTIRE AGREEMENT.  THIS THIRD AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

[Signature Page Follows]

14

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly executed and delivered, effective as of the day and year first above written.
UNIT CORPORATION, a Delaware corporation,
SUPERIOR PIPELINE COMPANY, L.L.C.,
an Oklahoma limited liability company,
UNIT PETROLEUM COMPANY, an Oklahoma
corporation,
UNIT DRILLING COMPANY, an Oklahoma
corporation,
SUPERIOR PIPELINE TEXAS, L.L.C., an Oklahoma limited liability company, and 
SUPERIOR APPALACHIAN PIPELINE, L.L.C., an Oklahoma limited liability company

By: /s/ Larry D. Pinkston                                           
Larry D. Pinkston, President of each of UNIT CORPORATION, 
UNIT PETROLEUM COMPANY, 
UNIT DRILLING COMPANY, and 
as Chairman of 
SUPERIOR PIPELINE COMPANY, L.L.C.,
and as manager of 
SUPERIOR APPALACHIAN PIPELINE, L.L.C.,
and 
SUPERIOR PIPELINE TEXAS, L.L.C.

7130 South Lewis Avenue, Suite 1000
Tulsa, Oklahoma 74136
Attention:  Larry Pinkston
Telephone:  (918) 493-7700
Facsimile:  (918) 493-7711

    

3rd Amendment to Credit 
Agreement Signature Page

By signing below, each of the undersigned (a) acknowledges, consents and agrees to the execution, delivery and performance by the Borrowers of this Third Amendment, (b) acknowledges and agrees that its obligations in respect of its Subsidiary Guaranty (i) are not released, diminished, waived, modified, impaired or affected in any manner by this Third Amendment or any of the provisions contemplated herein and (ii) cover the Commitments as amended and modified by this Third Amendment, (c) ratifies and confirms its obligations under its Subsidiary Guaranty, (d) acknowledges and agrees that it has no claim or offsets against, or defenses or counterclaims to, its Subsidiary Guaranty and (e) acknowledges and agrees that notwithstanding anything in its Subsidiary Guaranty to the contrary, “Guaranteed Obligations” as defined in its Subsidiary Guaranty with respect to such Subsidiary Guarantor shall not include Excluded Swap Obligations.
UNIT TEXAS COMPANY
UNIT DRILLING AND EXPLORATION COMPANY, PRESTON COUNTY GAS GATHERING, L.L.C. and PETROLEUM SUPPLY COMPANY, 

By:/s/ Mark E. Schell                                                 
     Mark E. Schell, Senior Vice President

3rd Amendment to Credit 
Agreement Signature Page

BOKF, NA dba Bank of Oklahoma, as LC Issuer, as Administrative Agent, and as a Lender

By: /s/ Pam Schloeder                                                
Pam Schloeder
Senior Vice President

101 East Second Street
Bank of Oklahoma Tower -8th floor/Energy Department
One Williams Center
Tulsa, Oklahoma  74172
Telephone:  (918) 588-6012
Facsimile:  (918) 588-6880

3rd Amendment to Credit 
Agreement Signature Page

COMPASS BANK, a Lender

By: /s/ Kathleen J. Bowen                                          
Kathleen J. Bowen
Managing Director

2200 Post Oak Blvd.
21st Floor
Houston, Texas 77056
Telephone:  (713) 968-8273

3rd Amendment to Credit 
Agreement Signature Page

BANK OF AMERICA, N.A., a Lender

By: /s/ Bryan Heller                                                    
Bryan Heller
Director

One Bryant Park, NY1-100-18-07
New York, New York 10036
Telephone:  (646) 855-1833

3rd Amendment to Credit 
Agreement Signature Page

BMO HARRIS FINANCING, INC., a Lender

By: /s/ Kevin Utsey                                                    
Kevin Utsey 
Director

    
BMO Capital Markets/Houston Agency
700 Louisiana Street, Suite 2100
Houston, Texas 77002
Telephone:  (713) 546-9720
Facsimile:  (713) 223-4007

3rd Amendment to Credit 
Agreement Signature Page

WELLS FARGO BANK, N.A., a Lender

By: /s/ David C. Brooks                                             
David C. Brooks
Director

    
1445 Ross Avenue
Suite 4500
MAC T9216-451
Dallas, TX 75202
Telephone: (214) 721-8219
Facsimile: (214) 721-8215

3rd Amendment to Credit 
Agreement Signature Page

COMERICA BANK, a Lender

By: /s/ Brandon M. White                                          
Brandon M. White 
Vice President

1717 Main Street
Dallas, Texas 75201
Telephone:  (214) 462-4418

3rd Amendment to Credit 
Agreement Signature Page

CANADIAN IMPERIAL BANK OF
COMMERCE, NEW YORK BRANCH, a Lender

By: /s/ Trudy W. Nelson                                             
Trudy W. Nelson 
Authorized Signatory

By: /s/ Richard Antl                                                    
Richard Antl 
Authorized Signatory 

333 Clay Street, Suite 4510
Three Allen Center
Houston, Texas 77002
Telephone:  (713) 210-4103
Facsimile: (713) 210-4129

3rd Amendment to Credit 
Agreement Signature Page

THE BANK OF NOVA SCOTIA, a Lender

By: /s/ Terry Donovan                                                
Terry Donovan 
Managing Director

The Bank of Nova Scotia/Houston Branch
711 Louisiana Street, Suite 1400
Houston, Texas 77002
Telephone:  (713) 752-0900
Facsimile: (713) 752-2425

3rd Amendment to Credit 
Agreement Signature Page

TORONTO DOMINION (NEW YORK), LLC,
a Lender

By: /s/ Rayan Karim                                                   
Rayan Karim
Authorized Signatory

    
Toronto Dominion (New York), LLC
31 West 52nd Street, 21st Floor
New York, NY 10019-6101
Telephone: (416) 983-5700
Facsimile:  (416) 983-0003

3rd Amendment to Credit 
Agreement Signature Page

SCHEDULE 1
PRICING SCHEDULE

	
					
	Applicable
Margin
	Level I Status
	Level II Status
	Level III Status
	Level IV Status

	Eurodollar Rate
	2.00%
	2.25%
	2.50%
	3.00%

	Floating Rate
	0.75%
	1.00%
	1.25%
	1.50%

	
					
	Applicable
Margin
	Level I Status
	Level II Status
	Level III Status
	Level IV Status

	Commitment Fee
Rate
	0.50%
	0.50%
	0.50%
	0.50%

For the purposes of this Schedule, the following terms have the following meanings, subject to the final paragraph of this Schedule:

"Level I Status" exists at any date if the Borrowing Base Usage Percentage on such date is less than 50%.

"Level II Status" exists at any date if the Borrowing Base Usage Percentage on such date is greater than or equal to 50% and less than 75%.

"Level III Status" exists at any date if the Borrowing Base Usage Percentage on such date is greater than or equal to 75% and less than 90%.

"Level IV Status" exists at any date if the Borrowing Base Usage Percentage on such date is greater than or equal to 90%.

"Status" means either Level I Status, Level II Status, Level III Status or Level IV Status. 

The Applicable Margin and Commitment Fee Rate will be determined on a daily basis in accordance with the foregoing table based on the Borrowing Base Usage Percentage on such day.  (Notwithstanding the fact Unit may have designated a lower commitment amount.)

SCHEDULE 2
LENDERS SCHEDULE

	
			
	Lender
	Total
Commitment
	Pro Rata Share

	BOK (BOKF, NA dba Bank of Oklahoma)
	$80,750,000
	 17.00%

	Compass Bank
	$80,750,000
	17.00%

	BMO Harris Financing, Inc. 
	 $71,250,000
	15.00%

	Bank of America, N.A.
	 $71,250,000
	15.00%

	Wells Fargo Bank, N.A.
	  $38,000,000
	8.00%

	Comerica Bank
	$38,000,000
	8.00%

	CIBC
	$38,000,000
	8.00%

	Toronto Dominion (New York), LLC
	$38,000,000
	8.00%

	The Bank of Nova Scotia
	$19,000,000
	4.00%

	 
	 
	 

	TOTAL 
	$475,000,000.00
	100.00000%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	1
	

	OK
	GRADY
	HARPER-THOMAS 1H-19 NWD14
	96.9657
	%
	77.4909
	%

	2
	

	TX
	POLK
	EPSTEIN GU #8H
	100
	%
	75.8303
	%

	3
	

	TX
	POLK
	PARKER GU #5H NWD15
	75
	%
	57.5895
	%

	4
	

	TX
	POLK
	ALLAR GU #1 NWD13
	100
	%
	75.265
	%

	5
	

	OK
	GRADY
	POWERS 1H-15 MCHD (NWD14)
	90.6631
	%
	73.4549
	%

	6
	

	TX
	POLK
	EPSTEIN GU #9H
	100
	%
	75.8303
	%

	7
	

	TX
	POLK
	EPSTEIN GU #7H  NWD15
	100
	%
	75.83
	%

	8
	

	OK
	GRADY
	HARPER-THOMAS 2H-19 CNVTD PUD
	96.9919
	%
	77.5105
	%

	9
	

	TX
	HEMPHILL
	CARR #1435H (NWD 14)
	100
	%
	79.25
	%

	10
	

	OK
	GRADY
	MCGUFFIN 1H-19 (NWD15)
	92.2872
	%
	75.4165
	%

	11
	

	TX
	POLK
	EPSTEIN GU #4 NWD12
	100
	%
	75.8303
	%

	12
	

	TX
	POLK
	JACKSON GAS UNIT #1 NWD14
	84.3601
	%
	65.1355
	%

	13
	

	OK
	GRADY
	ROSEY HAVENSTRITE 1H-30  CNVTD PUD
	79.6068
	%
	63.2444
	%

	14
	

	TX
	HARDIN
	PAVEY W 1H NWD16
	99.7478
	%
	74.8108
	%

	15
	

	TX
	ROBERTS
	MCMORDIE 26 #2H (CNV PUD)
	100
	%
	83.4277
	%

	16
	

	OK
	GRADY
	HAZEL 2H-24 CNVTD PUD
	94.421
	%
	75.9226
	%

	17
	

	TX
	HEMPHILL
	CARR #1433H (NWD 14)
	100
	%
	79.25
	%

	18
	

	OK
	GRADY
	SCHENK TRUST 1-8PH (NWD15)
	96.6927
	%
	76.1486
	%

	19
	

	TX
	POLK
	WING #3 NWD09
	87.2495
	%
	68.0546
	%

	20
	

	OK
	GRADY
	ELLEN 2H-20 CNVTD PUD
	98.3912
	%
	79.9429
	%

	21
	

	TX
	POLK
	WING #14 NWD15
	75
	%
	58.5
	%

	22
	

	TX
	POLK
	EPSTEIN #1 NWD11
	99.9498
	%
	75.7919
	%

	23
	

	OK
	GRADY
	ELLEN 1H-20 (NWD14)
	98.3912
	%
	79.9429
	%

	24
	

	OK
	GRADY
	SCHENK 17 #2H (NWD 15)
	54.0495
	%
	43.8986
	%

	25
	

	OK
	OKLAHOMA
	SW OKLAHOMA CITY UNIT
	86.3402
	%
	70.5891
	%

	26
	

	TX
	ROBERTS
	MCMORDIE #2601H
	70.3125
	%
	61.1621
	%

	27
	

	OK
	GRADY
	BROWN 1-11H (NWD15)
	92.3004
	%
	74.7483
	%

	28
	

	TX
	ROBERTS
	FLOWERS A 4 #1H (CNV PUD)
	89.1375
	%
	66.8531
	%

	29
	

	TX
	POLK
	BLACK STONE O-2 NWD14
	100
	%
	75
	%

	30
	

	TX
	POLK
	BLACK STONE R-2 NWD15
	100
	%
	75
	%

	31
	

	TX
	POLK
	EPSTEIN GU #3 NWD12
	99.9498
	%
	75.7922
	%

	32
	

	TX
	ROBERTS
	CHAMBERS, FM #4H (CNV PUD)
	80
	%
	70
	%

	33
	

	TX
	ROBERTS
	MAHLER 108 #1H (CNV PUD)
	63.1157
	%
	47.3367
	%

	34
	

	TX
	POLK
	EPSTEIN GU #6   NWD15
	100
	%
	75.83
	%

	35
	

	TX
	ROBERTS
	MAHLER #14H (CNV PUD)
	100
	%
	87.5
	%

	36
	

	TX
	HEMPHILL
	CARR #1434H (NWD 14)
	100
	%
	79.25
	%

	37
	

	OK
	GRADY
	EARL 2H-30 MCHD NWD14
	79.6068
	%
	63.2443
	%

	38
	

	TX
	HEMPHILL
	VOLLMERT #9H (CNV PUD)
	100
	%
	87.5
	%

	39
	

	TX
	HEMPHILL
	MEEK #6836H (NWD 14)
	100
	%
	79.25
	%

	40
	

	TX
	HEMPHILL
	JONES AMOCO 3 #18H (NWD 14)
	70.125
	%
	66.7149
	%

	41
	

	OK
	GRADY
	HARPER-THOMAS 3H-19 CNVTD PUD
	96.9919
	%
	77.5105
	%

	42
	

	OK
	GRADY
	HAZEL 1-24PH (NWD14)
	94.421
	%
	75.9226
	%

	43
	

	TX
	OCHILTREE
	MCGARRAUGH B #7H (CNV PUD)
	90
	%
	67.5
	%

	44
	

	TX
	HEMPHILL
	MEEK #6838H (NWD 14)
	100
	%
	79.25
	%

	45
	

	OK
	GRADY
	ROSEY HAVENSTRITE 2H-30 NWD15
	87.8106
	%
	69.6547
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	46
	

	TX
	ROBERTS
	MAHLER #12H (CNV PUD)
	99.9498
	%
	87.456
	%

	47
	

	TX
	HEMPHILL
	PRATER 33 #2H (NWD 13)
	80.781
	%
	60.7152
	%

	48
	

	TX
	ROBERTS
	MAHLER 107 #1H (NWD 13)
	47.5
	%
	38
	%

	49
	

	TX
	ROBERTS
	WATERFIELD JB #3 (CNV PUD)
	99.758
	%
	84.183
	%

	50
	

	TX
	ROBERTS
	CHAMBERS, FM #2HR (CNV PUD)
	50
	%
	43.75
	%

	51
	

	TX
	ROBERTS
	MAHLER #15H (CNV PUD)
	100
	%
	87.5
	%

	52
	

	TX
	HEMPHILL
	JARVIS A #6H (CNV PUD)
	50
	%
	43.25
	%

	53
	

	TX
	HEMPHILL
	MEEK #6837H (CNV PUD)
	100
	%
	79.25
	%

	54
	

	TX
	ROBERTS
	MCMORDIE 26 #3H (NWD 13)
	100
	%
	86.9922
	%

	55
	

	OK
	ELLIS
	ERIN 4-1H
	77.5235
	%
	65.2008
	%

	56
	

	TX
	NEWTON
	FOLEY TRAM #1 (NWD14)
	80
	%
	60.8
	%

	57
	

	TX
	HEMPHILL
	WRIGHT 122 #1H (NWD 12)
	28.85
	%
	23.4406
	%

	58
	

	TX
	HEMPHILL
	VOLLMERT #8H (NWD 12)
	100
	%
	87.5
	%

	59
	

	TX
	HEMPHILL
	HALEY 153 #1 (CNV PUD)
	34.9824
	%
	30.2598
	%

	60
	

	OK
	GRADY
	ALLEN 16-1H (NWD13)
	28.7507
	%
	23.0034
	%

	61
	

	OK
	BEAVER
	KACHEL FAMILY B -1H(2014 CNVTD PUD))
	98.0519
	%
	78.2381
	%

	62
	

	TX
	ROBERTS
	WATERFIELD B 100 #1H (CNV PUD)
	100
	%
	88.2813
	%

	63
	

	TX
	TYLER
	WILDWOOD GU B-4 NWD11
	99.9498
	%
	74.9623
	%

	64
	

	OK
	GRADY
	EZRA FLOWERS 1H-20 (CNVTD PUD)
	98.3912
	%
	79.9428
	%

	65
	

	TX
	ROBERTS
	WATERFIELD C #13H (CNV PUD)
	100
	%
	88.2813
	%

	66
	

	TX
	POLK
	PARKER GU #3 (CVTDPUD)
	75
	%
	57.5895
	%

	67
	

	TX
	HEMPHILL
	NOAH #819H (CNV PUD)
	100
	%
	78.5383
	%

	68
	

	TX
	HEMPHILL
	JARVIS A #3 (NWD 08)
	69.8667
	%
	60.4347
	%

	69
	

	TX
	HEMPHILL
	CAMPBELL 39 #3H (NWD 14)
	70.4348
	%
	52.5682
	%

	70
	

	TX
	ROBERTS
	WATERFIELD #10H (CNV PUD)
	100
	%
	86.7188
	%

	71
	

	TX
	HEMPHILL
	HOWE GENE #1
	100
	%
	71.875
	%

	72
	

	TX
	ROBERTS
	VOLLMERT B #12H (CNV PUD)
	100
	%
	87.5
	%

	73
	

	TX
	HEMPHILL
	VOLLMERT #7H (CNV PUD)
	99.9498
	%
	87.456
	%

	74
	

	OK
	TEXAS
	MERRY #1 (NWD 06)
	98.1892
	%
	78.9021
	%

	75
	

	TX
	LIPSCOMB
	STANLEY 249 #5H (CNV PUD)
	75
	%
	58.6069
	%

	76
	

	TX
	OCHILTREE
	MCGARRAUGH B #6H (CNV PUD)
	90
	%
	67.5
	%

	77
	

	OK
	LATIMER
	MAXEY #7 NWD08
	56.3548
	%
	42.4112
	%

	78
	

	OK
	LATIMER
	LIVELY #7 CVTDPUD
	29.7028
	%
	24.7219
	%

	79
	

	TX
	HARDIN
	RICE UNIVERSITY WM #1
	99.7787
	%
	72.0875
	%

	80
	

	OK
	GRADY
	SINGLETON TR 3H-36 MCHD (NWD15)
	89.3938
	%
	70.8512
	%

	81
	

	OK
	LATIMER
	LIVELY #8X CVTDPUD
	33.2696
	%
	27.6383
	%

	82
	

	TX
	HEMPHILL
	CARR #1306H
	100
	%
	79.25
	%

	83
	

	TX
	POLK
	EPSTEIN GU #2 NWD11
	99.9498
	%
	75.7922
	%

	84
	

	TX
	ROBERTS
	WATERFIELD B 100 #3H (CNV PUD)
	100
	%
	88.2813
	%

	85
	

	OK
	OKLAHOMA
	CAPITOL HILL 16C-2
	55.4755
	%
	44.3153
	%

	86
	

	TX
	HEMPHILL
	HOBART RANCH #1
	75
	%
	65.625
	%

	87
	

	OK
	GRADY
	HIRAM 1H-13 CNVTD PUD
	86.4171
	%
	70.139
	%

	88
	

	TX
	HEMPHILL
	SHALLER, FRANK #7H (NWD 09)
	69.7996
	%
	60.3767
	%

	89
	

	TX
	ROBERTS
	VOLLMERT B #10H (CNV PUD)
	99.9498
	%
	87.456
	%

	90
	

	TX
	ROBERTS
	MCMORDIE 26 #4H (CNV PUD)
	100
	%
	86.9922
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	91
	

	TX
	HEMPHILL
	ISAACS D #3H (CNV PUD)
	84.2271
	%
	73.2987
	%

	92
	

	TX
	HEMPHILL
	MEEK #6834H (NWD 13)
	100
	%
	79.25
	%

	93
	

	TX
	ROBERTS
	WATERFIELD 112 #1H (NWD 12)
	100
	%
	86.3281
	%

	94
	

	TX
	ROBERTS
	WATERFIELD C #14H (NWD 12)
	100
	%
	88.2813
	%

	95
	

	TX
	HEMPHILL
	GEORGE A 45 #10H (CNV PUD)
	93.6217
	%
	72.1927
	%

	96
	

	TX
	ROBERTS
	CHAMBERS, FM A 122 #8H (NWD 14)
	50
	%
	43.75
	%

	97
	

	TX
	ROBERTS
	WATERFIELD A #8H (NWD 12)
	80
	%
	66.7
	%

	98
	

	OK
	ELLIS
	FRITZ 31-3H
	100
	%
	81.8357
	%

	99
	

	OK
	LATIMER
	CLAUDE #1 NWD09
	96.5771
	%
	77.5641
	%

	100
	

	TX
	HEMPHILL
	GEORGE A 45 #8H (NWD 12)
	92.6563
	%
	71.443
	%

	101
	

	OK
	ELLIS
	SHERRILL 3-4H
	93.5317
	%
	74.8519
	%

	102
	

	OK
	LATIMER
	CLAUDE #2 (CNVTD PUD)
	96.7342
	%
	77.6903
	%

	103
	

	TX
	ROBERTS
	VOLLMERT B #13H (CNV PUD)
	100
	%
	87.5
	%

	104
	

	TX
	HEMPHILL
	WEBB ESTATE, A #3H (CNV PUD)
	82.897
	%
	62.1728
	%

	105
	

	TX
	ROBERTS
	WATERFIELD C #15H (CNV PUD)
	100
	%
	88.2813
	%

	106
	

	OK
	ELLIS
	LAVADA 34-4H
	96.875
	%
	76.251
	%

	107
	

	TX
	ROBERTS
	WATERFIELD #3U
	98.5134
	%
	85.4301
	%

	108
	

	OK
	ELLIS
	MARGARET 1-2H
	100
	%
	78.5919
	%

	109
	

	OK
	ELLIS
	SHERRILL 2-4H
	75
	%
	59.7821
	%

	110
	

	TX
	ROBERTS
	WATERFIELD C #10H (CNV PUD)
	99.9498
	%
	88.2373
	%

	111
	

	TX
	HEMPHILL
	BROWN, JT B #13HX (NWD 10)
	49.938
	%
	44.1963
	%

	112
	

	TX
	HEMPHILL
	PRATER 33 #4H (NWD 14)
	80.781
	%
	60.7152
	%

	113
	

	TX
	ROBERTS
	WATERFIELD #9H (CNV PUD)
	99.8759
	%
	86.6121
	%

	114
	

	TX
	ROBERTS
	VOLLMERT, JC #12H (CNV PUD)
	69.9648
	%
	60.5234
	%

	115
	

	OK
	ELLIS
	LAVADA 34-2H
	96.875
	%
	76.251
	%

	116
	

	TX
	ROBERTS
	MCMORDIE 87 #9H (CNV PUD)
	30.8942
	%
	25.4127
	%

	117
	

	TX
	ROBERTS
	LIPS A #6
	98.5134
	%
	73.885
	%

	118
	

	TX
	HEMPHILL
	WEBB A #5H (NWD 14)
	98.3
	%
	73.725
	%

	119
	

	OK
	GRADY
	GB RANCH 2H-30 CNVTD PUD
	87.8073
	%
	69.6522
	%

	120
	

	TX
	ROBERTS
	MAHLER 106 #7H (CNV PUD)
	38.0814
	%
	28.3679
	%

	121
	

	TX
	HEMPHILL
	WEBB ESTATE, A #6190H (NWD 11)
	82.9583
	%
	62.2187
	%

	122
	

	TX
	ROBERTS
	MCMORDIE #2501H
	70.3125
	%
	61.1621
	%

	123
	

	TX
	HEMPHILL
	CAMPBELL 39 #2H (NWD 14)
	70.4348
	%
	52.5682
	%

	124
	

	TX
	ROBERTS
	CHAMBERS, FM #3H (NWD 14)
	80
	%
	70
	%

	125
	

	TX
	LIPSCOMB
	STANLEY 249 #3H (CNV PUD)
	75
	%
	58.6069
	%

	126
	

	TX
	POLK
	WING #9 NWD10
	99.8759
	%
	77.9032
	%

	127
	

	TX
	ROBERTS
	MCMORDIE 25 #2H (CNV PUD)
	100
	%
	84.3184
	%

	128
	

	TX
	HEMPHILL
	SHALLER, FRANK #8H (NWD 13)
	50
	%
	43.25
	%

	129
	

	TX
	HEMPHILL
	WRIGHT 122 #2H (NWD 12)
	28.85
	%
	23.4406
	%

	130
	

	TX
	POLK
	BLACK STONE O-1 NWD13
	100
	%
	75
	%

	131
	

	OK
	ELLIS
	MANSKE 34-2HX
	100
	%
	78.4441
	%

	132
	

	TX
	ROBERTS
	WATERFIELD A #7H (NWD 10)
	69.9132
	%
	58.2901
	%

	133
	

	OK
	LATIMER
	SCHARFF #5 CVTDPUD
	12.6005
	%
	9.5629
	%

	134
	

	OK
	ELLIS
	ERIN 4-2H
	77.5235
	%
	65.2008
	%

	135
	

	OK
	LATIMER
	MAXEY #6 NWD07
	42.2983
	%
	31.6893
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	136
	

	TX
	LIPSCOMB
	BRILLHART 910 #3H (CNV PUD)
	100
	%
	75
	%

	137
	

	OK
	LATIMER
	OTHO #1-18(R)
	53.7251
	%
	42.3464
	%

	138
	

	TX
	HEMPHILL
	WEBB 187 #1H (CNV PUD)
	99.9498
	%
	74.9623
	%

	139
	

	TX
	HEMPHILL
	WEBB A #4H (CNV PUD)
	82.897
	%
	62.1728
	%

	140
	

	TX
	HEMPHILL
	WEBB #4-188H (CNV PUD)
	82.9583
	%
	62.2187
	%

	141
	

	OK
	OKLAHOMA
	CAPITOL HILL 16B-6H (NWD10)
	81.8339
	%
	69.9871
	%

	142
	

	OK
	ELLIS
	SHERRILL 2-5H
	75
	%
	59.7821
	%

	143
	

	OK
	LATIMER
	COX #4 NWD 02
	61.368
	%
	47.5735
	%

	144
	

	OK
	GRADY
	MARY 1H-18  CNVTD PUD
	72.0066
	%
	56.6001
	%

	145
	

	OK
	ELLIS
	NELSON 35-4H
	100
	%
	78.7107
	%

	146
	

	TX
	HEMPHILL
	WEBB #5-188H (NWD 11)
	82.9583
	%
	62.2187
	%

	147
	

	OK
	OKLAHOMA
	CAPITOL HILL 16C-3
	55.4755
	%
	44.315
	%

	148
	

	OK
	ELLIS
	EHRLICH 11-6H
	93.75
	%
	73.6906
	%

	149
	

	OK
	GRADY
	WHITE 6 #2VH MCHD (NWD14)
	55.0073
	%
	44.8979
	%

	150
	

	OK
	GRADY
	CHESTER 1H-29 NWD15
	89.4584
	%
	67.9273
	%

	151
	

	TX
	HEMPHILL
	ETHEREDGE A 46 #5H (NWD 14)
	92.3936
	%
	74.9202
	%

	152
	

	TX
	POLK
	BLACK STONE N-1 NWD12
	100
	%
	75
	%

	153
	

	TX
	POLK
	GILLY GU #1 NWD13
	100
	%
	75
	%

	154
	

	OK
	DEWEY
	AMY #1-34
	43.5983
	%
	32.6731
	%

	155
	

	TX
	ROBERTS
	MAHLER B #4H (NWD 11)
	69.9648
	%
	56.8471
	%

	156
	

	TX
	OCHILTREE
	MCGARRAUGH B #8H (NWD 13)
	90
	%
	67.5
	%

	157
	

	TX
	ROBERTS
	WATERFIELD JB #5H (NWD 10)
	69.9132
	%
	58.9978
	%

	158
	

	TX
	HEMPHILL
	WRIGHT 122 #3H (CNV PUD)
	28.85
	%
	23.4406
	%

	159
	

	OK
	ELLIS
	SHERRILL 3-3H
	93.5317
	%
	74.8519
	%

	160
	

	OK
	CUSTER
	BAUER  1-14
	91.8246
	%
	76.2446
	%

	161
	

	OK
	DEWEY
	MOORE C1-31 (NWD08)
	85.4035
	%
	69.7835
	%

	162
	

	TX
	ROBERTS
	MAHLER #10 (CNV PUD)
	99.8096
	%
	87.3334
	%

	163
	

	TX
	ROBERTS
	FLOWERS C 6 #18H (CNV PUD)
	89.1375
	%
	66.8531
	%

	164
	

	OK
	GRADY
	CODY 1H-36 (CNVTD PUD)
	68.5011
	%
	55.1764
	%

	165
	

	TX
	OCHILTREE
	LIPS A #2
	98.5134
	%
	73.885
	%

	166
	

	TX
	ROBERTS
	MAHLER 106 #5H (CNV PUD)
	52.6119
	%
	42.3007
	%

	167
	

	OK
	ELLIS
	HARRELL 7-3H
	84.375
	%
	71.6585
	%

	168
	

	TX
	ROBERTS
	WEBB A #6H (NWD 14)
	98.3
	%
	73.725
	%

	169
	

	TX
	HEMPHILL
	HOWE GENE #3
	100
	%
	71.875
	%

	170
	

	OK
	LATIMER
	COX #2
	85.8786
	%
	68.11
	%

	171
	

	TX
	HEMPHILL
	SHALLER, FRANK A #5H (NWD 10)
	49.938
	%
	43.1963
	%

	172
	

	TX
	HEMPHILL
	ETHEREDGE A 46 #4H (CNV PUD)
	89.6305
	%
	72.5348
	%

	173
	

	TX
	OCHILTREE
	SWINK 119 #1H
	100
	%
	84.3746
	%

	174
	

	TX
	ROBERTS
	WATERFIELD C #7 (CNV PUD)
	99.6975
	%
	88.0165
	%

	175
	

	TX
	HEMPHILL
	HOSTUTLER #4 (NWD 00)
	99.4
	%
	80.7625
	%

	176
	

	OK
	CUSTER
	LASH 1-24 (NWD07)
	96.9205
	%
	78.1639
	%

	177
	

	OK
	GRADY
	SEIBOLD 1H-2 (NWD14)
	9.0447
	%
	7.3223
	%

	178
	

	OK
	LATIMER
	BLACK #3 NWD08 MID ATOKA
	87.6444
	%
	70.0586
	%

	179
	

	OK
	ELLIS
	GIBBS 30-4H
	100
	%
	84.3719
	%

	180
	

	OK
	ELLIS
	HOUGH 35-3H
	100
	%
	78.7742
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	181
	

	TX
	ROBERTS
	VOLLMERT B #3 (NWD 00)
	99.4
	%
	86.975
	%

	182
	

	OK
	ELLIS
	NELSON 35-5H
	100
	%
	78.7107
	%

	183
	

	OK
	ELLIS
	MANSKE 34-3H
	100
	%
	78.4441
	%

	184
	

	OK
	LATIMER
	MARTIN #5 NWD08
	74.4074
	%
	58.539
	%

	185
	

	TX
	HEMPHILL
	LINDLEY, JB #2H (NWD 12)
	85
	%
	68
	%

	186
	

	OK
	CUSTER
	FRIZZELL 1-32
	67.1161
	%
	56.2692
	%

	187
	

	TX
	HEMPHILL
	GEORGE A 45 #9H (CNV PUD)
	92.6563
	%
	71.443
	%

	188
	

	OK
	ELLIS
	MARGARET 1-3H
	100
	%
	78.5919
	%

	189
	

	OK
	ELLIS
	KLEIN 33-3H
	68.9829
	%
	54.2969
	%

	190
	

	OK
	ELLIS
	SAM B 23-5HX
	82.975
	%
	63.816
	%

	191
	

	TX
	HEMPHILL
	JARVIS A #5H (NWD 10)
	34.9566
	%
	30.2374
	%

	192
	

	TX
	HEMPHILL
	TEAGUE #3H (NWD 12)
	97.9167
	%
	76.6667
	%

	193
	

	OK
	LATIMER
	COX #7 CVTDPUD
	63.2798
	%
	49.0468
	%

	194
	

	OK
	LATIMER
	THORNTON #2 CVTDPUD
	57.499
	%
	46.7179
	%

	195
	

	TX
	HEMPHILL
	PRATER 33 #6H (NWD 14)
	80.781
	%
	60.7152
	%

	196
	

	TX
	HEMPHILL
	VOLLMERT C #3 (CNV PUD)
	99.6112
	%
	80.9341
	%

	197
	

	OK
	ELLIS
	MILTON 26-3H
	90.8693
	%
	71.5238
	%

	198
	

	TX
	HEMPHILL
	ISAACS D #2H (NWD 12)
	63.0918
	%
	54.8053
	%

	199
	

	OK
	GRADY
	CLAIBORNE 5-3H CNVTD PUD
	35.0847
	%
	27.1
	%

	200
	

	OK
	CUSTER
	PAULINE #2-13
	42.6018
	%
	33.6574
	%

	201
	

	OK
	ELLIS
	KLEIN 33-2H
	68.9829
	%
	54.2969
	%

	202
	

	TX
	LIPSCOMB
	STANLEY 249 #4H (NWD 13)
	75
	%
	58.6069
	%

	203
	

	OK
	ELLIS
	EHRLICH 11-5H
	93.75
	%
	73.6906
	%

	204
	

	TX
	REEVES
	FRASER 57-T1-39 1H
	—
	%
	6.25
	%

	205
	

	OK
	ELLIS
	MILTON 26-5H *4TH WELL*
	90.8693
	%
	71.5238
	%

	206
	

	OK
	CADDO
	HENDRICKS #2-10
	15.3227
	%
	11.4473
	%

	207
	

	OK
	LATIMER
	HARDING #2 (NWD00)
	67.8043
	%
	50.2053
	%

	208
	

	TX
	ROBERTS
	VOLLMERT C #2 (CNV PUD)
	99.581
	%
	80.9096
	%

	209
	

	TX
	HEMPHILL
	NOAH #816H
	100
	%
	77.815
	%

	210
	

	OK
	CADDO
	ALLEN RANCH #2-11
	12.9206
	%
	9.6905
	%

	211
	

	TX
	LIPSCOMB
	SCHULTZ D #6H (CNV PUD)
	24.9284
	%
	21.8124
	%

	212
	

	TX
	ROBERTS
	WATERFIELD A #9H (CNV PUD)
	50
	%
	41.6875
	%

	213
	

	OK
	ELLIS
	GILSON 25 1H
	90.6836
	%
	70.1347
	%

	214
	

	OK
	GRADY
	NORGE MARCHAND SAND UNIT
	2.9857
	%
	2.3917
	%

	215
	

	OK
	ELLIS
	STUBBS 12-3H
	71.8579
	%
	58.8875
	%

	216
	

	OK
	ALFALFA
	JOANNE 2-6 (PETROCORP)
	36.875
	%
	31.7125
	%

	217
	

	OK
	ELLIS
	ROPER 22-5H
	98.7054
	%
	77.4933
	%

	218
	

	TX
	ROBERTS
	MAHLER #13H (NWD 12)
	100
	%
	87.5
	%

	219
	

	OK
	GRADY
	EARL 1-30H (CNVTD PUD)
	87.8073
	%
	69.6522
	%

	220
	

	TX
	POLK
	WING #1 NWD07
	87.2353
	%
	68.0435
	%

	221
	

	TX
	HEMPHILL
	DIXON #5635H (NWD 14)
	100
	%
	79.25
	%

	222
	

	OK
	ELLIS
	SAM B 23-4H
	82.975
	%
	63.816
	%

	223
	

	OK
	ELLIS
	GILSON 25-2H
	90.6836
	%
	70.1347
	%

	224
	

	OK
	LATIMER
	GOLIGHTLY #4 (02CPUD)
	67.3552
	%
	53.9549
	%

	225
	

	OK
	ELLIS
	RIDER 8-3H
	100
	%
	78.7107
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	226
	

	TX
	ROBERTS
	MAHLER 106 #9H (NWD 14)
	76.5496
	%
	61.4853
	%

	227
	

	OK
	ELLIS
	SHERRILL 3-2H
	93.5317
	%
	74.8519
	%

	228
	

	OK
	CADDO
	PATTERSON 34- 1
	94.8818
	%
	75.6223
	%

	229
	

	OK
	LATIMER
	HAWTHORNE #2
	30.7718
	%
	23.1656
	%

	230
	

	OK
	GRADY
	SINGLETON TR 2H-36 CNVTD PUD
	68.6261
	%
	55.2696
	%

	231
	

	TX
	ROBERTS
	MAHLER 106 #8H (NWD 14)
	38.746
	%
	31.0936
	%

	232
	

	TX
	WHEELER
	BLASDEL 180 #4H (CNV PUD)
	70
	%
	52.5
	%

	233
	

	OK
	LATIMER
	LIVELY #9 CVTDPUD
	21.7325
	%
	18.6659
	%

	234
	

	TX
	HEMPHILL
	WEBB ESTATE, A #7190H (NWD 12)
	83
	%
	62.25
	%

	235
	

	OK
	GRADY
	GB RANCH 1-30H CNVTD PUD
	79.6068
	%
	63.0983
	%

	236
	

	OK
	ROGER MILLS
	MOORE 5-14H (NWD11)
	14.9664
	%
	12.131
	%

	237
	

	OK
	LATIMER
	MARTIN #4 NWD08
	97.6396
	%
	76.7301
	%

	238
	

	OK
	LATIMER
	GOLIGHTLY #3 CPUD-SHAY
	77.3434
	%
	61.4563
	%

	239
	

	TX
	HEMPHILL
	ISAACS B #5H (NWD 10)
	34.9566
	%
	30.2374
	%

	240
	

	OK
	KINGFISHER
	STAR MISENER-HUNTON UNIT
	—
	%
	9.412
	%

	241
	

	OK
	BEAVER
	FISH #1H (CNV PUD)
	98.9503
	%
	79.5826
	%

	242
	

	TX
	HARDIN
	BLACK STONE-DUFF#1 NWD03
	99.5142
	%
	74.6782
	%

	243
	

	TX
	HEMPHILL
	VOLLMERT C #8 (NWD 08)
	99.8096
	%
	81.0953
	%

	244
	

	OK
	LATIMER
	THORNTON #3 ST
	57.499
	%
	46.7179
	%

	245
	

	OK
	LATIMER
	COX #3  SHAY NWD01
	63.9431
	%
	49.5428
	%

	246
	

	TX
	HEMPHILL
	KING A #1H (NWD 11)
	27.7959
	%
	23.9841
	%

	247
	

	TX
	ROBERTS
	MAHLER #9 (CNV PUD)
	99.6975
	%
	87.2353
	%

	248
	

	OK
	ELLIS
	STAHLMAN 15-2H
	85
	%
	63.75
	%

	249
	

	TX
	HANSFORD
	SHAPLEY #3
	75.4243
	%
	62.9177
	%

	250
	

	OK
	CADDO
	COOLEY 1-1 NE/4
	75.2496
	%
	61.9719
	%

	251
	

	TX
	ROBERTS
	MAHLER #6 (NWD 98)
	98.4448
	%
	86.1517
	%

	252
	

	OK
	ELLIS
	MANSKE 34-4H
	100
	%
	78.4441
	%

	253
	

	TX
	HEMPHILL
	MEEK #6833H (NWD 13)
	100
	%
	79.25
	%

	254
	

	OK
	WOODWARD
	BELL #26-3
	75.7377
	%
	56.8567
	%

	255
	

	OK
	ELLIS
	COLEEN 17-2H
	100
	%
	78.7107
	%

	256
	

	TX
	ROBERTS
	WATERFIELD B 100 #2H (CNV PUD)
	100
	%
	88.2813
	%

	257
	

	OK
	ELLIS
	ERIN 4-3H
	77.5235
	%
	65.2008
	%

	258
	

	TX
	ROBERTS
	CHAMBERS, FM #1H (CNV PUD)
	34.9824
	%
	30.6096
	%

	259
	

	OK
	ELLIS
	HALEY 16-3H
	76.25
	%
	60.0216
	%

	260
	

	TX
	LIPSCOMB
	BECK C #3 (NWD 97)
	98.6049
	%
	86.2792
	%

	261
	

	OK
	GRADY
	BARBARA 1-9 PH (NWD15)
	99.2237
	%
	77.8521
	%

	262
	

	TX
	HEMPHILL
	WRIGHT A #3H (CNV PUD)
	39.8297
	%
	34.3504
	%

	263
	

	TX
	HEMPHILL
	HOLLAND A #1 (NWD 08)
	49.9048
	%
	40.5476
	%

	264
	

	TX
	ROBERTS
	MAHLER A #3H (CNV PUD)
	88.7491
	%
	69.5571
	%

	265
	

	OK
	ELLIS
	SAM B 23-3H
	85.8018
	%
	65.9103
	%

	266
	

	OK
	BEAVER
	PUGH #1H (NWD 10)
	99.8759
	%
	79.6511
	%

	267
	

	OK
	LATIMER
	MAXEY #4 L ATOKA CVTDPUD
	52.0734
	%
	39.0039
	%

	268
	

	TX
	HEMPHILL
	PRATER 33 #3H (NWD 13)
	88.7403
	%
	67.182
	%

	269
	

	OK
	LATIMER
	MELONE #2 NWD09
	35.6867
	%
	28.8719
	%

	270
	

	TX
	HEMPHILL
	HALEY 155 #1H (CNV PUD)
	80
	%
	64.2
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	271
	

	TX
	HEMPHILL
	PRATER 33 #5H (NWD 14)
	80.781
	%
	60.7152
	%

	272
	

	OK
	GRADY
	DEKINDER 1H-4 (NWD 14)
	12.7243
	%
	11.2334
	%

	273
	

	OK
	CADDO
	HAAS A 2-35
	37.3438
	%
	28.2621
	%

	274
	

	TX
	WHEELER
	TREADWELL 35 #1H (NWD 13)
	31.2961
	%
	24.5725
	%

	275
	

	OK
	CADDO
	FUERTH #1-23(NWA00)
	59.3696
	%
	48.341
	%

	276
	

	OK
	BLAINE
	OUTHIER #2
	99.8729
	%
	82.2311
	%

	277
	

	OK
	CADDO
	JONES #1-26A
	80.031
	%
	63.0083
	%

	278
	

	TX
	TYLER
	CREEL #1 (NWD14)
	100
	%
	75
	%

	279
	

	TX
	HEMPHILL
	WEBB ESTATE, A #4190H (CNV PUD)
	82.9583
	%
	62.2187
	%

	280
	

	OK
	HARPER
	FREEMAN #3-25H  (NWD 2014)
	63.2044
	%
	54.5463
	%

	281
	

	TX
	ROBERTS
	MAHLER D #3H (CNV PUD)
	99.9498
	%
	75.9618
	%

	282
	

	OK
	ELLIS
	MILTON 26-4HX
	90.8693
	%
	71.5238
	%

	283
	

	TX
	HEMPHILL
	MATHERS RANCH 167 #2H (NWD 13)
	5.9189
	%
	5.1503
	%

	284
	

	TX
	POLK
	WING #5 CVTDPUD
	87.2495
	%
	68.0546
	%

	285
	

	OK
	ELLIS
	HALEY 16-4H
	75
	%
	59.0247
	%

	286
	

	OK
	ELLIS
	SHERRILL 3-1H
	93.5317
	%
	74.8519
	%

	287
	

	TX
	OCHILTREE
	COURSON 488 #1
	23.8311
	%
	17.9781
	%

	288
	

	OK
	LATIMER
	MOSS #1 (99 CV PUD)
	94.3097
	%
	76.3761
	%

	289
	

	OK
	GRADY
	WOOD E L #1
	37.284
	%
	32.6235
	%

	290
	

	OK
	CUSTER
	DERBY #1
	13.1442
	%
	10.6797
	%

	291
	

	OK
	ELLIS
	SHERRILL 2-3H
	75
	%
	59.7821
	%

	292
	

	OK
	ELLIS
	EHRLICH 11-4H
	93.75
	%
	73.6906
	%

	293
	

	TX
	HEMPHILL
	NOAH #817H (NWD 13)
	100
	%
	78.7854
	%

	294
	

	OK
	LATIMER
	SCHARFF #6 CNVTD PUD
	12.6271
	%
	9.5832
	%

	295
	

	OK
	ELLIS
	LAURA 1-7H
	84.375
	%
	71.6585
	%

	296
	

	OK
	ELLIS
	STUBBS 12-4H
	71.8579
	%
	58.8875
	%

	297
	

	TX
	HEMPHILL
	KING A #3H (NWD 14)
	43.3965
	%
	37.2797
	%

	298
	

	TX
	HEMPHILL
	HALEY 153 #2H (NWD 11)
	49.9749
	%
	43.2283
	%

	299
	

	OK
	ROGER MILLS
	FARR #1-13 (CNVTD PUD)
	99.7478
	%
	80.2656
	%

	300
	

	TX
	HEMPHILL
	YOUNG TRUST #4-4H (NWD 10)
	22.6022
	%
	16.8664
	%

	301
	

	OK
	ELLIS
	COLEEN 17-3H
	100
	%
	78.7107
	%

	302
	

	TX
	HEMPHILL
	HOLLAND C #5730P
	81.25
	%
	68.6562
	%

	303
	

	TX
	LIPSCOMB
	IMKE #2
	96.7065
	%
	78.5741
	%

	304
	

	OK
	CUSTER
	ASHBY, E 13-29
	67.2781
	%
	54.4552
	%

	305
	

	TX
	HEMPHILL
	CARR #5532A
	100
	%
	79.25
	%

	306
	

	OK
	ELLIS
	HARRELL 7-4H
	84.375
	%
	71.6585
	%

	307
	

	TX
	POLK
	BLACK STONE N-3 NWD14
	100
	%
	75
	%

	308
	

	TX
	ROBERTS
	VOLLMERT, JC #11
	34.9333
	%
	30.2173
	%

	309
	

	TX
	HEMPHILL
	GEORGE B #5-28
	45.124
	%
	39.4835
	%

	310
	

	OK
	ELLIS
	SHANNON 1-8H
	100
	%
	78.7107
	%

	311
	

	OK
	ELLIS
	RIDER 9-2H
	100
	%
	78.8694
	%

	312
	

	OK
	LATIMER
	DEAR #1
	55.1833
	%
	42.5901
	%

	313
	

	OK
	ELLIS
	LAUREN 1-31H
	100
	%
	81.8357
	%

	314
	

	TX
	POLK
	BLACK STONE S-1 NWD15
	75
	%
	56.25
	%

	315
	

	OK
	ELLIS
	HOUGH 35-4H
	100
	%
	78.7742
	%

EXHIBIT A
SCHEDULE OF OIL AND GAS PROPERTIES TO BE MORTGAGED

	
									
	 
	State
	County
	Name
	WI
	NRI

	316
	

	OK
	CIMARRON
	STEWART A #2 (NWD 08)
	99.8096
	%
	81.0953
	%

	317
	

	TX
	GRAY
	COMBS & WORLEY A LEASE
	55.2464
	%
	48.3406
	%

	318
	

	TX
	HEMPHILL
	ABRAHAM A #4026
	73.2798
	%
	60.1122
	%

	319
	

	OK
	CLEVELAND
	STATE #1-16 (LINN)
	24.0055
	%
	21.0048
	%

	320
	

	OK
	HARPER
	BENGSTON B #004
	87.456
	%
	76.524
	%

	321
	

	TX
	CROCKETT
	STATE YP #4-#16
	99.5515
	%
	82.9595
	%

	322
	

	TX
	HEMPHILL
	VOLLMERT C #6 (CNV PUD)
	99.8096
	%
	81.0953
	%

	323
	

	TX
	HEMPHILL
	ETHEREDGE A #1046U
	51.0005
	%
	42.5369
	%

	324
	

	OK
	BEAVER
	SAGER #1-8H(NWD 2013)
	81.0621
	%
	62.2951
	%

	325
	

	OK
	ELLIS
	BONSER 15 #2HT (CNVTD PUD)
	34.9805
	%
	32.3788
	%

	326
	

	OK
	LATIMER
	SCHARFF #9 CVTDPUD CECIL
	25.0717
	%
	19.5381
	%

	327
	

	TX
	HANSFORD
	LAIRD #3
	98.5134
	%
	86.1992
	%

	328
	

	OK
	LATIMER
	LIVELY #2-6
	38.6417
	%
	32.0278
	%

	329
	

	OK
	GRADY
	BRINKS 1-16
	55.0281
	%
	41.2711
	%

	330
	

	TX
	ROBERTS
	PARSELL RANCH 35-4A
	46.45
	%
	38.9756
	%

	331
	

	OK
	STEPHENS
	SAIRD 2
	4.5
	%
	18.675
	%

	332
	

	TX
	ROBERTS
	WATERFIELD C #12H (CNV PUD)
	100
	%
	88.2813
	%

	333
	

	OK
	ROGER MILLS
	WILSON A #2(NWD04)
	90.5051
	%
	73.2095
	%

	334
	

	TX
	TYLER
	WILDWOOD GU A-2 NWD07
	99.6975
	%
	75.0711
	%

	335
	

	OK
	MCCLAIN
	SOUTH CANADIAN LAND 1-11 (NWD10)
	99.8759
	%
	79.9546
	%

	336
	

	OK
	ELLIS
	RAYLYNN 1-35H
	100
	%
	78.7107
	%

	337
	

	TX
	LIPSCOMB
	MOHR #2,3,4
	98.4337
	%
	86.1295
	%

	338
	

	TX
	HEMPHILL
	SHELL #1 (NWD 99)
	98.9479
	%
	69.2635
	%

	339
	

	OK
	ELLIS
	GILSON 25-3H
	90.6836
	%
	70.1347
	%

	340
	

	TX
	WHEELER
	BYERS, RN UNIT #2302P
	93.5707
	%
	72.3806
	%

	341
	

	OK
	CUSTER
	FRAZIER #1-2
	18.565
	%
	17.4448
	%

	342
	

	TX
	CRANE
	GARY RANCH #1  CNVTD PUD
	99.5012
	%
	78.5111
	%

	343
	

	TX
	OCHILTREE
	HILL, SK UNIT #1
	90.4936
	%
	79.3304
	%

	344
	

	TX
	LIPSCOMB
	BOOTH, LINCOLN #3
	99.7478
	%
	70.4484
	%

	345
	

	OK
	LATIMER
	AUSTIN #1-36 NWD10
	30.8573
	%
	24.668
	%

	346
	

	OK
	ROGER MILLS
	MOORE 3-14H (NWD11)
	14.9664
	%
	12.131
	%

	347
	

	OK
	LATIMER
	COLVARD #2 (CVTDPUD)
	63.52
	%
	50.586
	%

	348
	

	OK
	LATIMER
	MARTIN #1
	73.041
	%
	58.0657
	%

	349
	

	TX
	HEMPHILL
	WEBB #3H (CNV PUD)
	82.897
	%
	62.1728
	%

	350
	

	OK
	ELLIS
	COLEEN 17-1H
	100
	%
	78.7107
	%

	351
	

	TX
	HEMPHILL
	FLOWERS A #1-27
	100
	%
	71.875
	%

	352
	

	TX
	WHEELER
	LANCASTER #3-58H (NWD 10)
	17.6384
	%
	14.7218
	%

	353
	

	OK
	CADDO
	HENRICKS #3-10 (NWD05)
	15.5413
	%
	11.6617
	%

EXHIBIT B

COMPLIANCE CERTIFICATE

BOKF, NA dba Bank of Oklahoma, as
Administrative Agent
Bank of Oklahoma Tower - 8th Floor/Energy Dept.
One Williams Center
Tulsa, Oklahoma 74192

This Compliance Certificate is delivered pursuant to Section 6.1(iii) of that certain Senior Credit Agreement, dated as of September 13, 2011 (as amended, modified, supplemented or restated from time to time, the "Credit Agreement"), by and among Unit Corporation, a Delaware corporation  ("Unit") ("Unit"  and  the  subsidiaries  thereof  signatory  parties  to  the  Credit Agreement, as borrowers, collectively the "Borrowers"), the Lenders (as therein defined), and BOKF, NA dba Bank of Oklahoma, as Administrative Agent for the Lenders. Capitalized terms used herein and not otherwise defined have the respective meanings assigned to them in the Credit Agreement.

As used in this Compliance Certificate (including the Schedules attached hereto), "Quarterly Calculation Date" means the last day of the fiscal quarter ending ___________________, 201__.

The undersigned hereby certifies, represents and warrants as follows:

1.        The undersigned is the chief financial officer of Unit and as such he or she is authorized to execute and deliver this Compliance Certificate on behalf of the Borrowers and their Subsidiaries (collectively, the "Credit Parties").

2.        The undersigned has reviewed the activities of the Credit Parties with a view to determining whether the Credit Parties have fulfilled their respective obligations under the Loan Documents.

3.        Except as set forth on Schedule I attached hereto, to the best knowledge of the undersigned, after due inquiry:

(a)       each of the Credit Parties has complied with and is in compliance with all of the terms and provisions of each of the Loan Documents to which it is a party;

(b)       all representations and warranties made by the Borrowers in the Credit Agreement are true and correct in all material respects as of the date hereof (other than representations and warranties which refer solely to an earlier specified date); and

(c)       no Default or Event of Default has occurred and is continuing under the Credit Agreement.

4.        As of the Quarterly Calculation Date, the Borrowers were in compliance with the financial covenants set forth in Sections 8.1, 8.2 and 8.3 of the Credit Agreement, as demonstrated by the computations set forth in Schedule II attached hereto, calculated in accordance with GAAP to the extent applicable.

5.        Schedule III attached hereto contains a complete and accurate list of all Material Subsidiaries of the Borrowers. The Borrowers have complied with Section 9.2 of the Credit Agreement by causing each of the Material Subsidiaries to become a party to the Subsidiary Guaranty.

IN WITNESS WHEREOF, I have executed this Certificate this ______ day of _____________________ 201__.

_____________________________________
_______________________________ (name)
Chief Financial Officer
Unit Corporation

SCHEDULE I
TO COMPLIANCE CERTIFICATE
(Disclosure of Defaults and Non-Compliance)

A.Nature of Default, Event of Default or terms of Loan Documents that have not been complied with in all material respects:

B.       Steps being taken to correct such Default, Event of Default or noncompliance:

SCHEDULE II
TO COMPLIANCE CERTIFICATE

(Financial Covenant Calculations)

1.        Calculation of Current Ratio (Section 8.1)
(To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date)
    	
			
	Current Assets (including Available
	 
	$_______________________

	Aggregate Commitment)
	 
	 

	 
	 
	 

	Divided by:  Current Liabilities
	 
	÷_______________________

	 
	 
	 

	Consolidated Current Ratio:
	 
	- _______________________

	 
	 
	(must be equal to or greater than 1.0 to 1.0)

2.        Consolidated Funded Debt-to-EBITDA Ratio (Section 8.2)
(To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date commencing with the fiscal quarter ending June 30, 2019 and for each fiscal quarter ending thereafter)

	
			
	A.    Consolidated Funded Debt

	 
	$_______________________

	 
	 
	 

	B.    Consolidated EBITDA
	 
	$_______________________

	 
	 
	 

	C.    Consolidated Funded Debt to
	 
	__________________ to 1.00

	EBITDA Ratio (Ratio of Item A to
	 
	 

	Item B)
	 
	(must not be greater than 4.00 to 1.00)

3.        Senior Indebtedness-to-EBITDA Ratio (Section 8.3)
(To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date)

	
			
	A.    Senior Indebtedness
	 
	$_______________________

	 
	 
	 

	B.    Consolidated EBITDA
	 
	$_______________________

	 
	 
	 

	C.    Senior Indebtedness to
	 
	__________________ to 1.00

	EBITDA Ratio (Ratio of Item A to
	 
	 

	Item B)
	 
	(must not be greater than 2.75 to 1.00)

SCHEDULE III
TO COMPLIANCE CERTIFICATE

(Material Subsidiaries)

As  of  the  Quarterly  Calculation  Date,  the  following  constituted  all  of  the  Material
Subsidiaries of the Borrowers:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]