Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

SECOND AMENDMENT TO 

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 dated as of March 16, 2017, 

among 
 RICE ENERGY
INC., 
 as Parent Guarantor, 

RICE ENERGY OPERATING LLC, 

as Borrower, 
 The
Guarantors Party Hereto, 
 WELLS FARGO BANK, N.A., 

as Administrative Agent, 

and 
 The Lenders Party
Hereto 
 BARCLAYS BANK PLC, 

as Syndication Agent 

WELLS FARGO SECURITIES, LLC, 

and 
 BARCLAYS BANK PLC,

 as Joint Lead Arrangers and Joint Bookrunners 

BMO HARRIS FINANCING, INC., 

CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, 

CAPITAL ONE, NATIONAL ASSOCIATION, 

CITIBANK, N.A., 
 FIFTH
THIRD BANK, 
 and 

PNC BANK, NATIONAL ASSOCIATION, 

as Co-Documentation Agents 

 
  

 

 SECOND AMENDMENT TO 

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 This SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Second Amendment”), dated as of
March 16, 2017 (the “Second Amendment Effective Date”), is among RICE ENERGY INC., a Delaware corporation (“Parent”); RICE ENERGY OPERATING LLC, a Delaware limited liability company (the
“Borrower”); each of the other undersigned guarantors (the “Guarantors”, and together with Parent and the Borrower, the “Credit Parties”); each of the Lenders that is a signatory hereto; and
WELLS FARGO BANK, N.A., as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

Recitals 

A.    Parent, the Borrower, the Administrative Agent and the Lenders are parties to that certain Fourth Amended and
Restated Credit Agreement dated as of October 19, 2016 (as amended prior to the date hereof, the “Credit Agreement”), pursuant to which the Lenders have, subject to the terms and conditions set forth therein, made certain
credit available to and on behalf of the Borrower. 
 B.    The parties hereto desire to amend certain terms of the
Credit Agreement as set forth herein to be effective as of the Second Amendment Effective Date. 
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

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

Section 2.    Amendments. In reliance on the representations, warranties, covenants and agreements contained
in this Second Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Credit Agreement shall be amended effective as of the Second Amendment Effective Date in the manner
provided in this Section 2. 
 2.1    Additional Definitions. Section 1.02 of the Credit
Agreement is hereby amended to add thereto in alphabetical order the following definitions which shall read in full as follows: 

“Extended Term Specified Commodity Sale Contract” means, as of any date of determination, with respect to any
Specified Commodity Sale Contract, the portion thereof, if any, that is not an Initial Term Specified Commodity Sale Contract; provided that in no event shall any Physical Basis Contract constitute an Extended Term Specified Commodity Sale
Contract. 

 “Initial Term Lender Specified Commodity Sale Contract” means
any Initial Term Specified Commodity Sale Contract between a Credit Party and a Person that is, on the date such contract is entered into, a Lender or an Affiliate of a Lender, in each case even if such Person subsequently ceases to be a Lender or
an Affiliate of a Lender for any reason. 
 “Initial Term Non-Lender
Specified Commodity Sale Contract” means any Initial Term Specified Commodity Sale Contract that is not (a) an Initial Term Lender Specified Commodity Sale Contract or (b) a Physical Basis Contract. 

“Initial Term Specified Commodity Sale Contract” means, as of any date of determination with respect to any
Specified Commodity Sale Contract, the portion of such Specified Commodity Sale Contract that relates to the time period from such date to the date that is six years following such date. 

“Non-Approved Counterparty Volumes” means, as of any date of
determination, the aggregate sum of the total volumes of crude oil, natural gas and natural gas liquids that are subject to the Credit Parties’ Specified Commodity Sale Contracts (other than Physical Basis Contracts) with counterparties that
are not Approved Counterparties (calculated by adding together the monthly totals of all such volumes for each month from the date of determination until the last month for which any Credit Party has any effective Specified Commodity Sales Contract
(other than Physical Basis Contracts)). 
 “Physical Basis Contract” means any contract for the sale of
Hydrocarbons for a price to be calculated at the time of delivery based on the market or index price for a location other than the delivery point (as defined in such sale contract) of the Hydrocarbons sold pursuant to such sale contract (together
with any related asset management agreement for the release of transportation capacity between such locations). 

“Second Amendment” means that certain Second Amendment to Fourth Amended and Restated Credit Agreement dated
as of March 16, 2017, among Parent, the Borrower, the other Guarantors party thereto, the Administrative Agent and the Lenders party thereto. 

“Total Available Volumes” means, as of any date of determination, the sum of, without duplication,
(a) the aggregate sum of the total maximum notional volumes of crude oil, natural gas and natural gas liquids that are permitted to be subject to Swap Agreements and Initial Term Non-Lender Specified
Commodity Sale Contracts pursuant to Section 9.18(a)(ii) plus (b) the aggregate sum of the total maximum notional volumes of crude oil, natural gas and natural gas liquids that are permitted to be subject to Extended Term
Specified Commodity Sale Contracts (excluding, for the avoidance of doubt, any notional volumes subject to any portion of such Specified Commodity Sale Contracts that constitute Initial Term Specified Commodity Sale Contracts) pursuant to Section
9.18(a)(iv)(C)(2) 

 
(calculated, in the case of both clause (a) and clause (b), by adding together the maximum permissible volumes for each month from the date of determination until the last month for which
any Credit Party is permitted to have in effect any Extended Term Specified Commodity Sale Contract); provided that there shall be no double counting for transactions and agreements in respect of the same volumes that hedge different risks
(i.e., price risk and/or basis risk) as more fully described in Section 9.18(f). 
 “Unsecured Specified
Commodity Sale Contract” means any Initial Term Non-Lender Specified Commodity Sale Contract and any Extended Term Specified Commodity Sale Contract. 

2.2    Amended Definitions. The definitions of “Additional Interim Redetermination Event”,
“Approved Counterparty”, “Borrowing Base Value”, “CFCT Hedging Obligation” (originally intended to be “CFTC Hedging Obligation”), “Firm Transportation Reimbursement
Agreement”, “Liquidate”, “Loan Documents”, “Material Swap Obligation”, “Projected Volume”, “Secured Lender Physical Contract”, “Specified Commodity
Sale Contract”, “Swap Agreement” and “Swap Termination Value” contained in Section 1.02 of the Credit Agreement are hereby amended and restated in their entirety to read in full as follows: 

“Additional Interim Redetermination Event” means (a) any Transfer of any Borrowing Base Property by the
Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party, (b) any Liquidation of any commodity Swap Agreement or other Specified Commodity Sale Contract by the Borrower or any other Credit Party or
(c) the Borrower or any other Credit Party entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties
Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value, if any, of all commodity
Swap Agreements and any other Specified Commodity Sale Contracts Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all
Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base. 

“Approved Counterparty” means any Lender or any Affiliate of a Lender and any other Person if such Person or
its credit support provider has a long term senior unsecured debt rating of BBB+/Baa1 by S&P or Moody’s (or their equivalent) or higher. 

“Borrowing Base Value” means, with respect to any Oil and Gas Property, any Swap Agreement in respect of
commodities and any other Specified Commodity Sale Contract, the value attributed thereto by the Administrative Agent for the purpose of determining the Borrowing Base then in effect. 

 “CFTC Hedging Obligation” means any Obligation in respect of any
agreement, contract, confirmation or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Firm Transportation Reimbursement Agreement” means any agreement evidencing any obligation of the Borrower or
any other Credit Party to: 
 (a)    reimburse a Person that is, on the date such contract is entered
into, a Lender or an Affiliate of a Lender, in each case even if such Person subsequently ceases to be a Lender or an Affiliate of a Lender for any reason, for (i) the costs of procuring or providing credit support or other performance
assurance (whether in the form of a guaranty, a letter of credit or otherwise) procured or provided by such Lender or Affiliate of a Lender to a transportation provider for transportation contracts or capacity to transport Hydrocarbons sold pursuant
to a Specified Commodity Sale Contract, (ii) the expenses of such Lender or Affiliate of a Lender owed to the provider of the credit support or other performance assurance described in the preceding clause (i) or (iii) any losses incurred
by the Lender or Affiliate of a Lender in connection with any exercise of remedies against such credit support or performance assurance described in the preceding clause (i); and 

(b)    if applicable, provide credit support or performance assurance, in replacement of the credit support
or performance assurance referred to in the foregoing clause (a), to such transportation provider that is acceptable to such transportation provider upon the expiration of a term agreed upon with such Person; 

provided in either case that such agreement is executed directly in connection with a Specified Commodity Sale Contract
(whether included in such Specified Commodity Sale Contract or a separate related agreement), and regardless of whether such Specified Commodity Sale Contract has a “forward” effective date that is a date subsequent to the effectiveness of
the corresponding Firm Transportation Reimbursement Agreement. 
 “Liquidate” means, with respect to any
Swap Agreement or any other Specified Commodity Sale Contract, the sale, assignment, novation, unwind or early termination of all or any part of such Swap Agreement or other Specified Commodity Sale Contract; provided that for purposes of
this definition, a Swap Agreement or other Specified Commodity Sale Contract shall not be deemed to have been Liquidated if, (a) such Swap Agreement or other Specified Commodity Sale Contract is novated from the existing counterparty to an
Approved Counterparty, with the Borrower or another Credit Party being the “remaining party” for purposes of such novation, or (b) upon its sale, assignment, novation, unwind or early termination, it is replaced, in a substantially
contemporaneous transaction, with one or more Swap Agreements or other Specified Commodity Sale Contracts with prices, tenors and volumes not less favorable to the Credit Parties than those of such replaced Swap Agreements or other Specified

 
Commodity Sale Contracts and without cash payments to the Borrower or any other Credit Party in connection therewith. The terms “Liquidated” and “Liquidation” have correlative
meanings thereto. 
 “Loan Documents” means this Agreement, the First Amendment, the Second Amendment, the
Notes, the Fee Letters, the Letter of Credit Agreements, the Letters of Credit and the Security Instruments. 

“Material Swap Obligation” means obligations owing by the Borrower or any other Credit Party under one or more
Swap Agreements or other Specified Commodity Sale Contracts with the same counterparty that, at the time in question, have a net Swap Termination Value in favor of such counterparty (i.e., the Borrower or such Credit Party is “out of the
money”) that exceeds the Threshold Amount. 
 “Projected Volume” means, at any time, the
Borrower’s reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties; provided, that, for the purposes of each instance under this Agreement where Projected Volume is to be
calculated for any month that is more than 84 months following the date of determination, Projected Volume for each such month shall be the lesser of (a) the average Projected Volume for each month during the period beginning with the 73rd month following the date of determination through and including the 84th month following the date of determination and (b) the reasonably
anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties for such month. 

“Secured Lender Physical Contract” means (a) any Initial Term Lender Specified Commodity Sale Contract
and (b) any Secured Firm Transportation Reimbursement Agreement; provided that, notwithstanding anything to the contrary contained herein, any additional confirmations or transactions entered into under any such contract after such
Lender or an Affiliate of a Lender ceases to be a Lender or an Affiliate of a Lender shall be deemed not to be a “Secured Lender Physical Contract”; and provided further that the parties to any such contract may expressly agree in
writing (whether in a master agreement, in a transaction confirmation, or otherwise, and irrespective of any netting arrangements specified therein) that: (i) such contract (or a specified portion of such contract or a specified transaction
under such contract, including any Firm Transportation Reimbursement Agreement associated with an Initial Term Lender Specified Commodity Sale Contract) is not a Secured Lender Physical Contract as defined in this Agreement, in which case to the
extent so provided, such contract (or a specified portion of such contract or a specified transaction under such contract) shall not constitute a Secured Lender Physical Contract for the purposes of this Agreement, (ii) if the tenor or volumes
of such contract exceeds the applicable tenor or volume restrictions set forth in Section 9.18(a)(ii), as determined from time to time on any applicable date, the portion of such contract that exceeds the tenor or volumes limitations set
forth in Section 9.18(a)(ii) shall 

 
not constitute a Secured Lender Physical Contract for the purposes of this Agreement to the extent of such non-compliance as of such date, and/or
(iii) to the extent that any portion of the applicable contract would satisfy the applicable tenor and volume restrictions set forth in Section 9.18(a)(ii), as determined from time to time on any applicable date, such compliant portions
of such contract shall as of such date constitute a Secured Lender Physical Contract for the purposes of this Agreement. 

“Specified Commodity Sale Contract” means any contract (or specified portion thereof or specified transaction
thereunder) for the sale of Hydrocarbons for deferred shipment or delivery that is intended to be settled by physical delivery of such Hydrocarbons by the Borrower or any other Credit Party, including any forward sale contract in respect of
Hydrocarbons and any Physical Basis Contract, solely to the extent (if any) that such contract provides, at the time such contract (or specified portion thereof or specified transaction thereunder) is entered into, for any portion of such contract
to include a fixed price component (including any fixed commodity price component and/or any fixed basis differential component); provided, that, the Borrower’s or any other Credit Party’s election for “first of month”
pricing or other one month pricing pursuant to a forward sale contract for deliveries of Hydrocarbons for the immediately following calendar month shall not, by itself, cause an agreement to be deemed to be a contract with a fixed price component
for purposes of this definition. 
 “Swap Agreement” means (a) any agreement with respect to any swap,
forward, future or derivative transaction or option or similar agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by
reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination
of these transactions; provided that (i) no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the other Credit
Parties shall be a Swap Agreement and (ii) no sale of a commodity for deferred shipment or delivery that is intended to be physically settled shall be a Swap Agreement pursuant to this clause (a), and (b) any Secured Lender Physical
Contract. If multiple transactions are entered into under a master agreement, each transaction is a separate Swap Agreement. For the avoidance of doubt, Unsecured Specified Commodity Sale Contracts are not Swap Agreements. 

“Swap Termination Value” means, in respect of any one or more Swap Agreements or other Specified Commodity
Sale Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Agreements or other Specified Commodity Sale Contracts, (a) for any date on or after the date such Swap Agreements or other
Specified Commodity Sale Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) 

 
for such Swap Agreements or other Specified Commodity Sale Contracts, as determined by the counterparties to such Swap Agreements or other Specified Commodity Sale Contracts (including, without
duplication, any unpaid amounts due on the date of calculation). 
 2.3    Swap Agreements and Qualified ECP
Counterparty. Section 7.20 of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

Section 7.20    Swap Agreements and other Specified Commodity Sale Contracts; Qualified ECP
Counterparty. Schedule 7.20, as of the date hereof, and after the date hereof, each report required to be delivered by the Borrower pursuant to Section 8.01(e), as of the date of (or as of the date(s) otherwise set forth in)
such report, sets forth, a true and complete list of all Swap Agreements and other Specified Commodity Sale Contracts of the Borrower and each other Credit Party, the material terms thereof (including the type, term, effective date, termination date
and notional amounts or volumes), the estimated net mark-to-market value thereof, all credit support agreements relating thereto other than Loan Documents (including any
margin required or supplied) and the counterparty to each such agreement. The Borrower is a Qualified ECP Counterparty. 

2.4    Certificate of Financial Officer. Sections 8.01(e), (n) and (o) of the Credit Agreement are hereby
amended and restated in their entirety to read in full as follows: 
 (e)    Certificate of Financial
Officer – Swap Agreements and Other Specified Commodity Sale Contracts. Concurrently with any delivery of financial statements under Section 8.01(a) and Section 8.01(b) and any certificate under
Section 8.01(n), a certificate of a Financial Officer, in form and substance satisfactory to the Administrative Agent, setting forth as of a recent date, 

(i)    a true and complete list of all Swap Agreements, other Specified Commodity Sale Contracts and Firm
Transportation Reimbursement Agreements of the Borrower and each other Credit Party, the material terms thereof (including the type, term, effective date, termination date, price and notional amounts or volumes set forth for each month during the
term of such Swap Agreement or other Specified Commodity Sale Contract, as applicable, and the Firm Transportation Reimbursement Obligation Amounts associated therewith (in the case of each Firm Transportation Reimbursement Agreement)), the
estimated net mark-to-market value therefor, any new credit support agreements relating thereto (other than Loan Documents) not listed on Schedule 7.20, any
margin required or supplied under any credit support document, the counterparty to each such agreement and the aggregate Deemed Transportation Volumes associated with each Secured Firm Transportation Reimbursement Agreement; and 

 (ii)    reasonably detailed calculations of (A) the
Total Available Volumes as of such date, (B) the Non-Approved Counterparty Volumes as of such date, and (C) the quotient obtained by dividing (B) by (A), reflected as a percentage. 

(n)    Certificate of Financial Officer – Projected Volume Reports. (i) Concurrently with
any delivery of financial statements under Section 8.01(a) and Section 8.01(b), (ii) promptly upon the occurrence of any event (including any sale, transfer, assignment or other disposition of Unproven Acreage or other Oil
and Gas Properties) that the Borrower determines in its reasonable discretion would decrease the aggregate Projected Volume by 10% or more of the aggregate Projected Volume set forth in the most recent certificate delivered pursuant to this
Section 8.01(n), and (iii) at the election of the Borrower, up to two times during the period following the delivery of the most recent certificate delivered pursuant to clause (i) above (or more frequently, if
the Administrative Agent in its discretion approves), a certificate of a Financial Officer setting forth as of a recent date, a report detailing the Projected Volume for each month from the date of such certificate until the later of (A) the
120th month thereafter or (B) December 31, 2030, and the assumptions used in calculating such Projected Volume, in each case, in form and substance reasonably satisfactory to the
Administrative Agent. 
 (o)    Gross Volume and Firm Transportation Committed Volume Reports.
Concurrently with the delivery of any certificates and reports under Section 8.01(n), a certificate of a Financial Officer setting forth as of a recent date, a report, in form and detail reasonably satisfactory to the
Administrative Agent, 
 (i)    forecasting the Gross Projected Volume on a monthly basis for the first
five years following the date of such certificate and on an annual basis thereafter until the later of (A) the 120th month following the date of such certificate or (B) December 31,
2030 and the assumptions used in calculating such volumes; and 
 (ii)    setting forth the Firm
Transportation Committed Volumes and demand rates related thereto for all future periods in which the Credit Parties have any Firm Transportation Committed Volumes, which in the case of this clause (ii), shall be prepared on a monthly basis for the
first five years following the date of such certificate and on an annual basis thereafter; 
 provided, that, the
deliverables required pursuant to this Section 8.01(o) may, at the Borrower’s election, be combined into a single certificate and report with the deliverables required under Section 8.01(n). 

 2.5    Sale of Properties and Liquidation of Swap Agreements.
Section 9.11 of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

Section 9.11    Sale of Properties and Liquidation of Swap Agreements and Other Specified
Commodity Sale Contracts. As used herein, “Transfer” means to sell, assign, farm-out, convey or otherwise transfer Property or to Liquidate any Swap Agreement or other Specified Commodity
Sale Contract in respect of commodities, provided that Transfer does not include the grant or creation of a Lien. Parent and the Borrower will not, and will not permit any Restricted Subsidiary to, Transfer (1) any Oil and Gas Property or any
interest in Hydrocarbons produced or to be produced therefrom, (2) any commodity Swap Agreement or other Specified Commodity Sale Contract included in the most recent determination of the Borrowing Base or (3) any Equity Interest in any
Restricted Subsidiary that owns any Oil and Gas Property, any interest in Hydrocarbons produced or to be produced therefrom, or any commodity Swap Agreement or other Specified Commodity Sale Contract included in the most recent determination of the
Borrowing Base (in this Section 9.11, an “E&P Subsidiary”), except for: 

(a)    the sale of Hydrocarbons in the ordinary course of business; 

(b)    farmouts of undeveloped acreage and assignments in connection with such farmouts; 

(c)    Transfers among Parent, the Borrower and the Restricted Subsidiaries provided that the provisions of
Section 8.14 are complied with to the extent applicable; 
 (d)    the sale or
transfer of Unproven Acreage or of any Equity Interests in any E&P Subsidiary (other than an E&P Subsidiary that owns any Borrowing Base Properties, any interest in Hydrocarbons produced or to be produced therefrom, or any commodity Swap
Agreement or other Specified Commodity Sale Contract included in the most recent determination of the Borrowing Base), provided that, prior to and after giving effect to such sale or transfer, the Borrower is in compliance with
Section 9.18; and 
 (e)    Transfers of Borrowing Base Properties, of
commodity Swap Agreements and other Specified Commodity Sale Contracts included in the most recent determination of the Borrowing Base, and of Equity Interests in any E&P Subsidiary that owns any Borrowing Base Properties, any interest in
Hydrocarbons produced or to be produced therefrom or any commodity Swap Agreement or other Specified Commodity Sale Contract included in the most recent determination of the Borrowing Base, provided that: 

(i)     the consideration received in respect of such Transfer shall be cash, the assumption of liabilities
(including indemnification obligations) related to the Borrowing Base Properties Transferred, new Oil and Gas Properties (and related Additional Oil and Gas Assets) and new commodity Swap Agreements or other Specified Commodity Sale Contracts
acquired, or Investments permitted under Section 9.05; 

 (ii)    the consideration received in respect of such
Transfer shall be equal to or greater than the fair market value of the Borrowing Base Properties and such commodity Swap Agreements, other Specified Commodity Sale Contracts and Equity Interests in E&P Subsidiaries that are Transferred (as
reasonably determined by the Borrower and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of the Borrower certifying to that effect); 

(iii)    if any such Transfer is of an E&P Subsidiary, such Transfer shall include all the Equity
Interests of such E&P Subsidiary owned by Parent, the Borrower and the Restricted Subsidiaries; 

(iv)    the sum of (A) the aggregate Borrowing Base Value of the Borrowing Base Properties Transferred
under this subsection (e) since the immediately preceding Scheduled Redetermination of the Borrowing Base, plus (B) the net aggregate Borrowing Base Value of all such commodity Swap Agreements and other Specified Commodity Sale Contracts
that have been Liquidated since the immediately preceding Scheduled Redetermination of the Borrowing Base, shall not exceed ten percent (10%) of the Borrowing Base then in effect; provided that such ten percent (10%) limitation shall not, in
any event, prohibit Parent, the Borrower or any Restricted Subsidiary from Liquidating any Swap Agreement or other Specified Commodity Sale Contract to the extent required by Section 9.18(b); and 

(v)    if the sum of (A) the aggregate Borrowing Base Value of Borrowing Base Properties Transferred
under this subsection (e) since the immediately preceding Scheduled Redetermination of the Borrowing Base, plus (B) the net aggregate Borrowing Base Value of all such commodity Swap Agreements and other Specified Commodity
Sale Contracts that have been Liquidated since the immediately preceding Scheduled Redetermination of the Borrowing Base, exceeds five percent (5%) of the Borrowing Base then in effect, the Borrower shall deliver to the Administrative Agent ten
(10) Business Days’ prior written notice of such Transfer or Liquidation and shall provide the Administrative Agent with such information regarding such Transfer or Liquidation as the Administrative Agent may reasonably request. 

To the extent that, during any period between two successive Scheduled Redetermination Dates, Borrowing Base Properties, commodity Swap
Agreements, and other Specified Commodity Sale Contracts with a net aggregate Borrowing Base Value in excess of five percent (5%) of the Borrowing Base, as established on the most recent of such Scheduled Redetermination Dates, are Transferred
pursuant to the preceding subsection (e), or Liquidated, as applicable, by the Borrower and its Restricted Subsidiaries, then the Borrowing Base will be reduced by the Borrowing Base Value of the Borrowing Base Properties,
commodity Swap Agreements, and other Specified Commodity Sale Contracts, as 

 
applicable, in excess of such five percent threshold, effective upon delivery by the Administrative Agent of the related New Borrowing Base Notice under Section 2.07(d), and if a Borrowing
Base Deficiency exists after such reduction in the Borrowing Base, the Borrower shall prepay Borrowings in accordance with Section 3.04(c)(iii). For the purposes of the preceding sentence and the preceding
subsection (e), the Transfer of an E&P Subsidiary owning such Borrowing Base Properties and/or commodity Swap Agreements or other Specified Commodity Sale Contracts shall be deemed the Transfer of the Borrowing Base
Properties and the Liquidation of commodity Swap Agreements and other Specified Commodity Sale Contracts owned by such E&P Subsidiary. 
  

	 	2.6	Swap Agreements. 

 (a)    The Section heading for Section 9.18
and Sections 9.18(a), 9.18(b) and 9.18(d) of the Credit Agreement are hereby amended and restated in their respective entireties to read in full as follows: 

Section 9.18    Swap Agreements; Unsecured Specified Commodity Sale Contracts; Other Specified
Commodity Sale Contracts. 
 (a)    Parent and the Borrower will not, and will not permit any Restricted Subsidiary
to, enter into or maintain any Swap Agreements or Unsecured Specified Commodity Sale Contracts with any Person other than: 

(i)    Swap Agreements with an Approved Counterparty constituting puts or floors with respect to crude oil,
natural gas liquids and natural gas, with respect to which neither the Borrower nor any other Credit Party has any payment obligation other than fixed premiums or other fixed charges. 

(ii)     Any Swap Agreement entered into with an Approved Counterparty that is not for speculative purposes
and (A) is with respect to crude oil, natural gas liquids and natural gas, or (B) that is a Secured Firm Transportation Reimbursement Agreement, provided that (x) no such Swap Agreement entered into under this clause
(ii) has a tenor (determined as set forth in Section 9.18(g) below) of more than six years, (y) the aggregate Firm Transportation Reimbursement Obligation Amounts of all Swap Agreements that are Secured Firm Transportation
Reimbursement Agreements shall not exceed 15% of the then effective Borrowing Base at any time, and (z) the notional volumes subject to such Swap Agreement entered into under this clause (ii) (excluding put or floor options described in
subsection (a)(i)) do not cause the aggregate (I) notional volumes of all Swap Agreements then in effect plus (II) Deemed Transportation Volumes in respect of all Secured Firm Transportation Reimbursement Agreements plus (III) the
notional volumes of all Initial Term Non-Lender Specified Commodity Sale Contracts to exceed, as of any date, for each month during the forthcoming six-year period, the
greater of: 
 (A)    the percentage set out for such month in Column A of the following table times the
reasonably anticipated projected production during such month from Proved Reserves of the Borrower and the other Credit Parties (based on the most recent Reserve Report delivered to the Administrative Agent); and 

 (B)    The lesser of: 

(1)    the percentage set out for such month in Column B of the following table times the Projected Volume
for such month (based on the most recently delivered report under Section 8.01(n)) and 

(2)    140% of the monthly average production from the Oil and Gas Properties of the Borrower and the
other Credit Parties for the most recent period of three consecutive calendar months ending prior to such date of determination for which production reports have been delivered pursuant to Section 8.01(k) (as such production is set forth on
such reports). 
  

									
	 Months next succeeding the time
as of which compliance is measured
	  	Column A	 	 	Column B	 
	 Months 1 through 18
	  	 	85	% 	 	 	90	% 
	 Months 19 through 36
	  	 	85	% 	 	 	75	% 
	 Months 37 through 60
	  	 	85	% 	 	 	60	% 
	 Months 61 through 72
	  	 	85	% 	 	 	40	% 

 (iii)    Swap Agreements with an Approved Counterparty with respect to
interest rates, that: 
 (A)    on a net basis (after aggregation with all other Swap Agreements of the
Borrower and the other Credit Parties then in effect with respect to interest rates), effectively convert interest rates from fixed to floating during any month, provided that the net aggregate notional amount converted from fixed to floating for
such month does not exceed 75% of the then outstanding principal amount of their consolidated Debt for borrowed money which matures during or after such month and which bears interest at a fixed rate; and 

(B)    on a net basis (after aggregation with all other Swap Agreements of the Borrower and the other
Credit Parties then in effect 

 
with respect to interest rates), effectively convert interest rates from floating to fixed during any month, provided that the net aggregate notional amount converted from floating to fixed for
such month does not exceed 75% of the then outstanding principal amount of their consolidated Debt for borrowed money which matures during or after such month and which bears interest at a floating rate. 

(iv)    Unsecured Specified Commodity Sale Contracts with any Person (regardless of whether or not such
Person is an Approved Counterparty); provided that (A) all Non-Approved Counterparty Volumes do not exceed 15% of Total Available Volumes at any time, (B) with respect to any Initial Term Non-Lender Specified Commodity Sale Contract, the notional volumes in respect thereof are permitted under Section 9.18(a)(ii), and (C) with respect to any Extended Term Specified Commodity Sale Contract: 

(1)    such Extended Term Specified Commodity Sale Contract expires by its terms on or before the later of
(x) the date that is ten years from the effective date of the applicable Specified Commodity Sale Contract to which such Extended Term Specified Commodity Sale Contract relates and (y) December 31, 2030; provided that in the
case of this clause (1), in no event may any Extended Term Specified Commodity Sale Contract provide for the sale of a commodity for more than ten consecutive years commencing with the first year in which such commodities are to be sold under such
agreement, and 
 (2)    the notional volumes subject to such Extended Term Specified Commodity Sale
Contracts entered into under this Section 9.18(a)(iv) do not cause the aggregate notional volumes of all Extended Term Specified Commodity Sale Contracts then in effect to exceed, as of any date, for each month during the forthcoming ten year
period (or, if such period is longer, for each month for which any Credit Party has any Extended Term Specified Commodity Sale Contract in effect), the greater of: 

(I)    20% of Projected Volume; and 

(II)    the lesser of (x) 30% of Projected Volume and (y) 65% of the monthly average production from the
Oil and Gas Properties of the Borrower and the other Credit Parties for the most recent period of three consecutive calendar months ending prior to such date of determination for which production reports have been delivered pursuant to Section
8.01(k) (as such production is set forth on such reports). 
 (b)    If, after the end of any
calendar month, the Borrower determines that the aggregate (x) notional volume of all Swap Agreements in respect of commodities for such calendar month, (y) notional volume of all Initial Term
Non-Lender Specified Commodity Sale Contracts for such calendar month, and 

 
(z) Deemed Transportation Volumes in respect of all Secured Firm Transportation Reimbursement Agreements exceeded 100% of actual production of Hydrocarbons in such calendar month, then the
Borrower shall (i) promptly notify the Administrative Agent of such determination, and (ii) if requested by the Administrative Agent (or if otherwise necessary to ensure compliance with Section 9.18(a)(ii)), within 30 days after
such request, terminate, create off-setting positions or otherwise unwind or monetize existing Swap Agreements and/or Initial Term Non-Lender Specified Commodity Sale
Contracts such that, at such time, future volumes under commodity Swap Agreements and Initial Term Non-Lender Specified Commodity Sale Contracts and future Deemed Transportation Volumes will (A) not
exceed 100% of reasonably anticipated projected production for the then-current and any succeeding calendar months and (B) otherwise be in compliance with Section 9.18(a)(ii). 

(d)    In no event shall any Swap Agreement or other Specified Commodity Sale Contract contain any
requirement, agreement or covenant for the Borrower or any other Credit Party to post collateral or margin to secure their obligations under such Swap Agreements or other Specified Commodity Sale Contracts or to cover market exposure, other than
(i) in the case of Swap Agreements, any requirement, agreement or covenant to enter into or maintain the Security Instruments or (ii) to provide replacement credit support or performance assurance as contemplated in clause (b) of the
definition of “Firm Transportation Reimbursement Agreement”. 
 (b)    The introductory phrase “For all
purposes of determining the aggregate volumes of Swap Agreements and Deemed Transportation Volumes under this Section 9.18” in Section 9.18(f) of the Credit Agreement is hereby amended to read as follows: 

“For all purposes of determining the aggregate volumes of Swap Agreements or other Specified Commodity Sale Contracts,
Deemed Transportation Volumes, Total Available Volumes and Non-Approved Counterparty Volumes under this Section 9.18” 

(c)    A new clause (h) is hereby added to Section 9.18 which shall immediately following clause
(g) thereof, and which clause (h) shall read in full as follows: 
 (h)    In no event may any
Credit Party enter into any Specified Commodity Sale Contract for speculative purposes. 
 2.7    Right of
Setoff. Section 12.08 of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

Section 12.08    Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or

 
final, in whatever currency) at any time held and other obligations (in whatever currency, and of whatsoever kind, including obligations under Swap Agreements and other Specified Commodity Sale
Contracts, as applicable) at any time owing by such Lender or Affiliate to or for the credit or the account of Parent, the Borrower or any Restricted Subsidiary against any of and all the obligations of Parent, the Borrower or such Restricted
Subsidiary owed to such Lender or its Affiliates now or hereafter existing under this Agreement or any other Loan Document, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Loan Document and
although such obligations may be unmatured or are owed to a branch, office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness. The rights of each Lender and its
Affiliates under this Section 12.08 are in addition to other rights and remedies (including other rights of setoff) which such Lender or its Affiliates may have. Each Lender agrees to notify the Borrower and the
Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

Section 3.    Conditions Precedent. The effectiveness of this Second Amendment is subject to the following:

 3.1    The Administrative Agent shall have received counterparts of this Second Amendment from the Credit Parties and
the Majority Lenders. 
 3.2    The Administrative Agent shall have received all fees and other amounts due and payable
on or prior to the Second Amendment Effective Date. 
 Section 4.    Miscellaneous. 

4.1    Confirmation and Effect. The provisions of the Credit Agreement (as amended by this Second Amendment) shall
remain in full force and effect in accordance with its terms following the effectiveness of this Second Amendment, and this Second Amendment shall not constitute a waiver or amendment of any provision of the Credit Agreement or any other Loan
Document, except as expressly provided for herein. Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like import shall mean and be a reference to the
Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as
amended hereby. 
 4.2    Ratification and Affirmation of Credit Parties. Each of the Credit Parties hereby
expressly (i) acknowledges the terms of this Second Amendment, (ii) ratifies and affirms its obligations under the Guaranty and Collateral Agreement and the other Loan Documents to which it is a party, (iii) acknowledges, renews and
extends its continued liability under the Guaranty and Collateral Agreement and the other Loan Documents to which it is a party, (iv) agrees that its guarantee under the Guaranty and Collateral Agreement and the other Loan Documents to which it
is a party remains in full force and effect with respect to the Obligations 

 
as amended hereby, (v) represents and warrants to the Lenders and the Administrative Agent that each representation and warranty of such Credit Party contained in the Credit Agreement and
the other Loan Documents to which it is a party is true and correct in all material respects as of the date hereof and after giving effect to the amendments set forth in Section 2 hereof except (A) to the extent any such
representations and warranties are expressly limited to an earlier date, in which case, on and as of the date hereof, such representations and warranties shall continue to be true and correct as of such specified earlier date, and (B) to the
extent that any such representation and warranty is expressly qualified by materiality or by reference to Material Adverse Effect, such representation and warranty (as so qualified) shall continue to be true and correct in all respects,
(vi) represents and warrants to the Lenders and the Administrative Agent that the execution, delivery and performance by such Credit Party of this Second Amendment are within such Credit Party’s corporate, limited partnership or limited
liability company powers (as applicable), have been duly authorized by all necessary action and that this Second Amendment constitutes the valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the
enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (vii) represents and warrants to the Lenders and the Administrative Agent that, after giving effect to this Second
Amendment, no Event of Default exists. 
 4.3    Counterparts. This Second 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 Second Amendment by facsimile or electronic (e.g. pdf)
transmission shall be effective as delivery of a manually executed original counterpart hereof. 
 4.4    No Oral
Agreement. THIS WRITTEN SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE
ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES THAT MODIFY THE
AGREEMENTS OF THE PARTIES IN THE CREDIT AGREEMENT AND THE OTHER LOAN
DOCUMENTS. 
 4.5    Governing Law. THIS SECOND
AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF)
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 4.6    Payment
of Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with
this Second Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 

4.7    Severability. Any provision of this Second Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 

 4.8    Successors and Assigns. This Second Amendment shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 [Signature Pages Follow.] 

 The parties hereto have caused this Second Amendment to be duly executed as of the day and year
first above written. 
  

							
	 BORROWER:
	 		 	RICE ENERGY OPERATING LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
	PARENT:	 		 	RICE ENERGY INC., a Delaware corporation
				
		 		 	By	 	 : /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
	GUARANTORS:	 		 	RICE DRILLING B LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	RICE DRILLING D LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	RICE MARKETING LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	RICE ENERGY MARKETING LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	VANTAGE ENERGY HOLDINGS, LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	VANTAGE ENERGY, LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	VANTAGE ENERGY II, LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	VANTAGE ENERGY APPALACHIA II LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	VANTAGE ENERGY APPALACHIA LLC, a Pennsylvania limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	VANTAGE ENERGY PICEANCE LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	VANTAGE ENERGY UINTA LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer
			
		 		 	VANTAGE FORT WORTH ENERGY LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	VANTAGE ENERGY II ALPHA, LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Grayson T. Lisenby

		 		 	Name:	 	Grayson T. Lisenby
		 		 	Title:	 	Senior Vice President and Chief Financial Officer

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	WELLS FARGO BANK, N.A., as Administrative Agent, a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Matthew W. Coleman

		 		 	Name:	 	Matthew W. Coleman
		 		 	Title:	 	Director

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

 
			
	BARCLAYS BANK PLC, as a Lender and as an Issuing Bank
		
	By: 	 	 /s/ Graeme Palmer

	Name: 	 	Graeme Palmer
	Title:	 	Assistant Vice President

 SIGNATURE PAGE TO SECOND
AMENDMENT TO 
 FOURTH AMENDED AND RESTATED
CREDIT AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	BMO HARRIS FINANCING, INC., as a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Matthew Davis

		 		 	Name:	 	Matthew Davis
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	CITIBANK, N.A., as a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Peter Kardos

		 		 	Name: 	 	Peter Kardos
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	COMERICA BANK, as a Lender
				
		 		 	By:	 	 /s/ William B. Robinson

		 		 	Name:	 	William B. Robinson
		 		 	Title:	 	Senior Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	FIFTH THIRD BANK, as a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Thomas Kleiderer

		 		 	Name:	 	Thomas Kleiderer
		 		 	Title:	 	Director

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	GOLDMAN SACHS BANK USA, as a Lender
				
		 		 	By:	 	 /s/ Ushma Dedhiya

		 		 	Name:	 	Ushman Dedhiya
		 		 	Title:	 	Authorized Signatory

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	ROYAL BANK OF CANADA, as a Lender
				
		 		 	By:	 	 /s/ Mark Lumpkin, Jr.

		 		 	Name:	 	Mark Lumpkin, Jr.
		 		 	Title:	 	Authorized Signatory

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	PNC BANK, NATIONAL ASSOCIATION, as a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Jessica McGuire

		 		 	Name:	 	Jessica McGuire
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	 SUNTRUST BANK, as a Lender

				
		 		 	By: 	 	 /s/ Chulley Bogle

		 		 	Name:	 	Chulley Bogle
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Kristin N. Oswald

		 		 	Name:	 	Kristin N. Oswald
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	ZB, N.A. DBA AMEGY BANK, as a Lender
				
		 		 	By:	 	 /s/ John Moffitt

		 		 	Name:	 	John Moffitt
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	COMPASS BANK, as a Lender
				
		 		 	By:	 	 /s/ Les Werme

		 		 	Name:	 	Les Werme
		 		 	Title:	 	Executive Director

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	U.S. BANK NATIONAL ASSOCIATION, as a Lender
				
		 		 	By:	 	 /s/ John C. Lozano

		 		 	Name:	 	John C. Lozano
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	 JPMORGAN CHASE BANK, N.A., as a Lender

				
		 		 	By: 	 	 /s/ Garrett Sacco

		 		 	Name: 	 	Garrett Sacco
		 		 	Title:	 	Authorized Officer

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender and as an Issuing Bank
				
		 		 	By:	 	 /s/ Trudy Nelson

		 		 	Name:	 	Trudy Nelson
		 		 	Title:	 	Authorized Signatory
				
		 		 	By: 	 	 /s/ William M. Reid

		 		 	Name:	 	William M. Reid
		 		 	Title:	 	Authorized Signatory

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	CITIZENS BANK NA, as a Lender
				
		 		 	By:	 	 /s/ Scott Donaldson

		 		 	Name:	 	Scott Donaldson
		 		 	Title:	 	Senior Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	BOKF, NA dba BANK OF OKLAHOMA, as a Lender
				
		 		 	By:	 	 /s/ Mari Salazar

		 		 	Name:	 	Mari Salazar
		 		 	Title:	 	SVP – Energy Lending

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	ASSOCIATED BANK, N.A., as a Lender
				
		 		 	By:	 	 /s/ Brandon Starr

		 		 	Name:	 	Brandon Starr
		 		 	Title:	 	Assistant Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

 

							
		 		 	ABN AMRO CAPITAL USA LLC, as a Lender
				
		 		 	By:	 	 /s/ Darrell Holley

		 		 	Name:	 	Darrell Holley
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ David Montgomery
		 		 	Name:	 	David Montgomery
		 		 	Title:	 	Executive Director

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	THE HUNTINGTON NATIONAL BANK, as a Lender
				
		 		 	By:	 	 /s/ Jason A. Zilewicz

		 		 	Name:	 	Jason A. Zilewicz
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	BRANCH BANKING AND TRUST COMPANY, as a Lender
				
		 		 	By:	 	 /s/ James Giordano

		 		 	Name:	 	James Giordano
		 		 	Title:	 	Senior Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	MORGAN STANLEY SENIOR FUNDING, INC., as a Lender
				
		 		 	By:	 	 /s/ Patrick Layton

		 		 	Name:	 	Patrick Layton
		 		 	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLC 

							
		 		 	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
				
		 		 	By:	 	 /s/ Chris Chapman

		 		 	Name:	 	Chris Chapman
		 		 	Title:	 	Director
				
		 		 	By:	 	 /s/ Shai Bandner

		 		 	Name:	 	Shai Bandner
		 		 	Title:	 	Director

 SIGNATURE PAGE TO SECOND AMENDMENT
TO 
 FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT 
 RICE ENERGY OPERATING LLCExhibit

Exhibit  10.10

EXECUTION COPY

NORTHSTAR/RXR NEW YORK METRO REAL ESTATE, INC.

SECOND AMENDED AND RESTATED DISTRIBUTION SUPPORT AGREEMENT

SECOND AMENDED AND RESTATED DISTRIBUTION SUPPORT AGREEMENT (the “Agreement”) dated November 10, 2016 by and among NorthStar Realty Finance Corp. (“NRFC”), RXR Realty LLC (“RXR”) and NorthStar/RXR New York Metro Real Estate, Inc. (the “Company”).
WHEREAS, the Company has registered for public sale (the “Offering”) a maximum of $2,000,000,000 in shares of its common stock, $0.01 par value per share (the “Shares”), of which amount: (a) up to $1,800,000,000 in Shares are being offered to the public pursuant to the Company’s primary offering; and (b) up to $200,000,000 in Shares are being offered to stockholders of the Company (the “Stockholders”) pursuant to the Company’s distribution reinvestment plan;
WHEREAS, the majority of the net proceeds of the Offering are intended to be invested in a portfolio of commercial real estate properties, with a lesser portion permitted to be invested in commercial real estate debt and commercial real estate related investments; 
WHEREAS, to ensure that the Company had a sufficient amount of funds to cover cash distributions authorized and declared to Stockholders during the Offering, NRFC and RXR entered into a Distribution Support Agreement dated February 9, 2015 (the “Original Agreement”), pursuant to which NRFC agreed to purchase up to an aggregate of $10,000,000 in Shares in accordance with the terms set forth therein;
WHEREAS, the board of directors of the Company determined to reclassify the Shares offered pursuant to the Offering into Class A shares, $0.01 par value per share (the “Class A Shares”), and Class T shares, $0.01 par value per share, and, as a result, the Company, NRFC and RXR agreed to amend and restate the Original Agreement on November 12, 2015 (the “Amended and Restated Agreement”) to reflect that any Shares purchased by NRFC pursuant to the Agreement shall be Class A Shares; and
WHEREAS, the board of directors of the Company has determined to further extend the term of the Offering until February 9, 2018, and, as a result, the Company, NRFC and RXR desire to amend and restate the Amended and Restated Agreement to extend the term of the Amended and Restated Agreement to ensure that the Company has a sufficient amount of funds to pay cash distributions to Stockholders during the Offering, as extended.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.Definitions.  The following terms, when used herein, shall have the following meanings:
“Advisor” means NSAM J-NS/RXR Ltd., the Company’s advisor, or any Affiliated successor.

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“Advisor Entities” means the Advisor and the Sub-Advisor.
“Affiliate” means with respect to any Person: (i) any Person directly or indirectly controlling, controlled by, or under common control with such other Person; (ii) any Person directly or indirectly owning, controlling, or holding with the power to vote 10% or more of the outstanding voting securities of such other Person; (iii) any legal entity for which such Person acts as an executive officer, director, trustee, or general partner; (iv) any Person 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held, with power to vote, by such other Person; and (v) any executive officer, director, trustee, or general partner of such other Person.  An entity shall not be deemed to control or be under common control with a program sponsored by the sponsor of the Company unless (A) the entity owns 10.0% or more of the voting equity interests of such program or (B) a majority of the Board (or equivalent governing body) of such program is composed of Affiliates of the entity.
“Agreement” has the meaning set forth in the recitals.
“Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions in New York City are authorized  or required by law, regulation or executive order to close.
“Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto. Reference to any provision of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time.
“Company” has the meaning set forth in the recitals.
“Distribution Shortfall” means, with respect to any calendar quarter during the Term, the amount by which Quarterly Distributions exceed MFFO for such quarter or, in the event MFFO is negative, the amount of the Quarterly Distributions for such quarter.
“Invested Capital” means the amount calculated by multiplying the total number of Class A Shares purchased by Stockholders by the Issue Price, reduced by: (i) any amounts paid by the Company to repurchase Class A Shares pursuant to the Company’s plan for redemption of Class A Shares; and (ii) the aggregate amount of net sale proceeds distributed to Stockholders as a result of the sale of one or more of the Company’s investments.
“Issue Date” has the meaning set forth in Section 3(b) hereof.
“Issue Price” means the gross price per Class A Share the original purchasers of Class A Shares paid to the Company for the Class A Shares (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Class A Shares).

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             “MFFO” means the Company’s modified funds from operations as disclosed in the Company’s Periodic Report filed with respect to the applicable period.
“NRFC” has the meaning set forth in the recitals.
 “Offering” has the meaning set forth in the recitals.
 “Original Agreement” has the meaning set forth in the recitals.
 “Periodic Report” means the Company’s quarterly report on Form 10-Q or annual report on Form 10-K, as applicable.
“Person” means an individual, corporation, partnership, estate, trust (including a trust qualified under Section 401(a) or 501(c) (17) of the Code), a portion of a trust permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Internal Revenue Code, association, private foundation within the meaning of Section 509(a) of the Code, joint stock company or other entity, or any government or any agency or political subdivision thereof, and also includes a group as that term is used for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended.
“Prospectus” means the prospectus for the Offering contained in the Company’s registration statement on Form S-11, filed with the SEC pursuant to the Securities Act of 1933, as amended,  and the applicable rules and regulations of the SEC promulgated thereunder, and declared effective by the SEC, as such prospectus may be supplemented or amended thereafter.
“Purchase Price” means, as of any given date, the per share price of the Shares in the Offering, net of the maximum per share selling commissions and maximum dealer manager fees specified in the Prospectus.
“Quarterly Distributions” means the aggregate amount of cash distributions paid to Stockholders during a calendar quarter.
“RXR” has the meaning set forth in the recitals.
“SEC” means the United States Securities and Exchange Commission.
“Shares” has the meaning set forth in the recitals.
“Stockholders” has the meaning set forth in the recitals.
“Stockholders’ Return” means, as of any date, the rate of annual return expressed as a percentage of aggregate Invested Capital (calculated like simple interest on a daily basis based on a 365 day year) determined by the Board of Directors of the Company.  For purposes of calculating the Stockholders’ Return, aggregate Invested Capital shall be determined for each day during the period for which the Stockholders’ Return is being calculated.

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“Sub-Advisor” means RXR NTR Sub-Advisor LLC, the Company’s sub-advisor, or any Affiliated successor.
“Threshold Amount” means an amount equal to the Stockholders’ Return, prorated for such quarter.
“Term” has the meaning set forth in Section 4 hereof.
		
	2.
	Share Purchase Commitment.  In the event of a Distribution Shortfall for any calendar quarter during the Term, NRFC and RXR shall purchase Class A Shares from the Company in an aggregate amount equal to the Distribution Shortfall, with NRFC and RXR purchasing 75% and 25%, respectively, of any Class A Shares required to be purchased; provided, however, that NRFC and RXR shall not be obligated to purchase Class A Shares for any quarter in which MFFO for such quarter exceeds the Threshold Amount and further provided, that NRFC’s and RXR’s obligation to purchase Class A Shares pursuant to this Agreement, shall be limited to an aggregate of $10,000,000 in Class A Shares (including amounts purchased to satisfy the minimum Offering). NRFC’s and RXR’s remaining commitment to purchase Class A Shares under this Agreement shall be limited to an aggregate of $7,998,964 after reductions for (a) NRFC’s and RXR’s initial $2,000,000 purchase of Class A Shares to satisfy the minimum Offering amount and (b) NRFC’s and RXR’s subsequent purchase of 114 Class A Shares for an aggregate purchase price of $1,036 to fund prior Distribution Shortfalls. Any Class A Shares purchased by NRFC and RXR pursuant to this Section 2 shall be purchased pursuant to the Offering and at the Purchase Price in effect as of the date of purchase of the Class A Shares.

		
	3.
	Procedure for Purchase of Class A Shares.

		
	(a)
	In the event of a Distribution Shortfall, the Company shall deliver to NRFC and RXR a written notice within ten (10) Business Days following the Company’s filing with the SEC of its Periodic Report for such calendar quarter or year, as the case may be, specifying the number of Class A Shares to be purchased by each of NRFC and RXR pursuant to Section 2 above and the Company’s calculation of the Distribution Shortfall.

		
	(b)
	On the fifth Business Day following the delivery of such notice (the “Issue Date”), the Company shall issue to each of NRFC and RXR the Class A Shares being sold against NRFC’s and RXR’s delivery of its executed subscription for the Offering and payment of the purchase price for such Class A Shares by wire transfer of immediately available funds.

		
	(c)
	If either NRFC or RXR fails to deliver the required amount of funds (“Deficit Amount”) pursuant to Section 3(b) above (the party so failing, hereinafter, the “Defaulting Party”), then within three (3) Business Days thereafter, the non-defaulting party shall pay to the Company the Deficit Amount.  Thereafter, from time to time when the Company would otherwise be obligated to pay fees to the Defaulting Party (or its Affiliates) for services performed for the Company, the 

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Company shall instead pay to the non-defaulting party any such fees until such time as the non-defaulting party has been repaid the Deficit Amount.  After the non-defaulting party has been repaid the Deficit Amount, any Class A Shares purchased by the non-defaulting party as a result of the Defaulting Party’s failure to deliver the Deficit Amount pursuant to Section 3(b) above shall be transferred to the Defaulting Party.
4.Term.  This Agreement shall be in effect until the earlier of (a) the date of termination of the primary portion of the Offering or (b) (i) with respect to NRFC, the date upon which neither NSAM J-NS/RXR Ltd nor another Affiliate of NRFC is serving as the Company’s Advisor, or (ii) with respect to RXR, the date upon which neither RXR NTR Sub-Advisor LLC nor another Affiliate of RXR is serving as the Company’s Sub-Advisor (the “Term”).
5.Notices.  All notices shall be in writing and shall be given or made, by delivery in person or by guaranteed delivery overnight courier to NRFC and RXR at the addresses set forth below:
NorthStar Realty Finance Corp.
399 Park Avenue, 18th Floor
New York, NY 10022
Attention:  Daniel R. Gilbert, Chief Investment and Operating Officer

RXR Realty LLC
625 RXR Plaza
Uniondale, NY 11556
Attention:  Michael Maturo, President and Chief Financial Officer

or to such other addresses as NRFC and RXR may designate to the Company in writing.  Notices shall be effective upon receipt in the case of personal delivery or one Business Day after being sent in the case of delivery by overnight courier.
6.Voting Agreement.  Each of NRFC and RXR agrees and shall cause any of its Affiliates to whom either may transfer Class A Shares to agree on behalf of NRFC or RXR, as the case may be, and to require any subsequent transferees that are Affiliates to agree that, with respect to any Class A Shares purchased pursuant to this Agreement or otherwise acquired, NRFC and RXR will not vote or consent on matters submitted to the Stockholders regarding any transaction between the Company and the Advisor and/or the Sub-Advisor or a transaction between the Company and any Affiliate of either NRFC or RXR, including, without limitation, the removal of one or more of the Advisor Entities or any of their Affiliates as the Company’s Advisor or Sub-Advisor, as the case may be.  These voting restrictions shall survive with respect to NRFC until such time that the Advisor or its Affiliates are no longer serving as the Company’s Advisor and with respect to RXR until such time that the Sub-Advisor or its Affiliates are no longer serving as the Company’s Sub-Advisor.

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7.Assignment; Third Party Beneficiaries.  This Agreement may not be assigned by any of the parties; provided, however, that each of NRFC and RXR may assign its obligations under this Agreement to any one or more of its Affiliates, but no such assignments shall relieve NRFC or RXR of its obligations hereunder.  This Agreement shall inure to the benefit of and shall be binding upon the heirs, executors, administrators, legal representatives, successors and assigns of the parties hereto.
8.Governing Law.  This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York without reference to conflict of laws provisions.
9.Amendment.  No amendment, modification or waiver of this Agreement will be valid unless made in writing and duly executed by each party hereto.
10.Entire Agreement.  This agreement constitutes the entire understanding among the parties with respect to the subject matter hereof.  This agreement may be executed in one or more counterparts.

[The remainder of this page is intentionally left blank.  Signature page follows.]

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.

	
		
	NORTHSTAR/RXR NEW YORK METRO REAL ESTATE, INC.

	 
	

	By:
	/s/ Daniel Drabkin

	Name:
	Daniel Drabkin

	Title:
	General Counsel and Secretary

	
		
	NORTHSTAR REALTY FINANCE CORP.

	 
	 

	By:
	/s/ Ronald J Lieberman

	Name:
	Ronald J Lieberman

	Title:
	Executive Vice President
General Counsel & Secretary

            

	
		
	RXR REALTY LLC

	 
	 

	By:
	/s/ Michael Maturo

	Name:
	Michael Maturo

	Title:
	President and CFO

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