Document:

Exhibit

EXHIBIT 10.3

AMENDMENT NO. 1
TO PURCHASE AGREEMENT
AMENDMENT NO. 1 TO PURCHASE AGREEMENT dated as of October 28, 2016 (the “Amendment”) among (i) T-MOBILE USA, INC., a Delaware corporation (the “Company”), (ii) the Guarantors party hereto, and (iii) DEUTSCHE TELEKOM AG (the “Purchaser”).
PRELIMINARY STATEMENTS
A.Reference is made to that certain Purchase Agreement, dated as of April 29, 2016 (as amended, restated, amended and restated, supplemented or modified prior to the date hereof, the “Existing Purchase Agreement” and as amended, restated, amended and restated, supplemented or modified from time to time including pursuant hereto, the “Purchase Agreement”), by and among the Company, the Guarantors party thereto and the Purchaser.
B.The Company has requested that the Existing Purchase Agreement be amended to, among other things, extend the outside date by which the Closing Date must occur under the Purchase Agreement, and the Purchaser is willing to do so on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and receipt of all of which is hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.  Definitions.  Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing Purchase Agreement.
SECTION 2.  Amendments to Purchase Agreement.  Subject to the terms and conditions set forth herein, effective on the Amendment Effective Date (as defined below): 
(a)The second paragraph of the Existing Purchase Agreement is hereby amended by adding the following new sentence at the end thereof:
The initial Interest Payment Date of any Notes issued hereunder the Closing Date with respect to which is after April 1, 2017 shall be October 15, 2017.
(b)The last sentence of Section 2(a) of the Existing Purchase Agreement is hereby amended and restated as follows:
For purposes of this Agreement, the “Closing Date” shall mean any NY Business Day specified by the Company not less than seventeen NY Business Days following the giving of written notice by the Company (such notice, the “Issuance Notice”), and in any event no later than May 31, 2017, provided that if the proposed Closing Date specified in the Issuance Notice does not fall on a business day, the “Closing Date” shall mean the earliest 

preceding business day.
(c)Section 8 of the Existing Purchase Agreement is hereby amended by (1) adding “(a)” at the beginning thereof and (2) adding the following new clause (b) as a new paragraph at the end of Section 8:
If (x) the Closing Date and (y) the Termination Effective Time with respect to a Terminated Principal Amount of $650,000,000 does not occur on or prior to November 30, 2016, (i) the Company shall pay to the Purchaser an amount equal to the Extended Hedge Fixed Amounts by wire transfer in immediately available funds to the account(s) specified by the Purchaser to the Company no later than the day on which such Extended Hedge Fixed Amounts are payable to the hedge counter party under the applicable Hedge Transactions (an “Extended Hedge Fixed Amount Payment Date”) provided that the Company receives from the Purchaser no later than three business days prior to the Extended Hedge Fixed Amount Payment Date, written demand containing reasonable documentation of the Extended Hedge Fixed Costs Amount and (ii) the Purchaser shall pay to the Company an amount equal to the Extended Hedge Variable Amounts by wire transfer in immediately available funds to the account(s) specified by the Company to the Purchaser no later than the date such Extended Hedge Variable Amounts are payable under the applicable Hedge Transactions. The Purchaser and the Company agree to use commercially reasonable efforts to net the payments due to each other pursuant to the immediately preceding sentence for the period beginning on the last payment dates of Extended Hedge Fixed Amounts and Extended Hedge Variable Amounts and ending on the Extended Hedge Termination Date.  The Purchaser shall provide written notice to the Company specifying any such netted amounts due, and the Company or the Purchaser (as the case may be) shall make payment of such amounts within three business days following receipt of such notice by the Company.
As used in this Section 8(b), “Extended Hedge Fixed Amount” shall mean the “Fixed Amount” payments actually paid by the Purchaser under Hedge Transactions to the extent such payments are directly attributable to the period beginning November 30, 2016 and ending on the Extended Hedge Termination Date. As used in this Section 8(b), “Extended Hedge Variable Amount” shall mean the “Variable Amount” payments payable (regardless of whether actually paid) by the provider of Hedge Transactions to the Purchaser under Hedge Transactions to the extent such payments are directly attributable to the period beginning November 30, 2016 and ending on the Extended Hedge 

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Termination Date. The “Extended Hedge Termination Date” shall mean the earliest to occur of (i) the Closing Date, (ii) the Termination Effective Time and (iii) May 31, 2017. For the avoidance of doubt, the Company shall not be obligated to make payments pursuant to this Section 8(b) that would be duplicative of payments made by the Company pursuant to Section 12 hereof.
(d)Section 12(a) of the Existing Purchase Agreement is hereby amended by (1) replacing the reference to “November 5, 2016” with “May 5, 2017” and (2) replacing the reference to “November 6, 2016” with “May 8, 2017”.
(e)Section 15(b) of the Existing Purchase Agreement is hereby amended and restated as follows:
(b)    (i) the term “business day” means any day other than a day on which banks are permitted or required to be closed in New York City or Bonn, Germany and (ii) the term “NY Business Day” means any day other than a day on which banks are permitted or required to be closed in New York City.
SECTION 3.  Conditions to Effectiveness of Amendment.  This Amendment shall become effective on the date (the “Amendment Effective Date”) when the Purchaser shall have received a copy of this Amendment, duly executed and delivered by the Company, the Guarantors party to the Existing Purchase Agreement and the Purchaser.  All documents and legal matters in connection with the transactions contemplated by this Amendment shall have been delivered or executed or recorded and shall be in form and substance satisfactory to the Purchaser.
SECTION 4.  Representations and Warranties of the Company.  The Company represents and warrants to the Purchaser that:
(a)The Company and the Guarantors have taken all necessary organizational action to authorize the execution, delivery and performance of this Amendment.
(b)This Amendment has been duly executed and delivered by the Company and the Guarantors and constitutes a legal, valid and binding obligation of the Company and the Guarantors, enforceable against the Company and such Guarantors in accordance with its terms, subject to the applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(c)After giving effect to this Amendment, the representations and warranties of the Company contained in Sections 3(a) and (b) of the Purchase Agreement or any document furnished at any time under or in connection therewith, are true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or reference to material adverse effect) on and as of the

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date of this Amendment, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or reference to material adverse effect) as of such earlier date; provided that, for purposes of this clause (d), references in Section 3(a) of the Purchase Agreement to the “Time of Sale” shall be deemed to refer to 11:54 AM, New York City time on the date of this Amendment. 
SECTION 5.  Representations and Warranties of the Purchaser.  The Purchaser represents and warrants to the Company that:
(a)The Purchaser has taken all necessary organizational action to authorize the execution, delivery and performance of this Amendment.
(b)This Amendment has been duly executed and delivered by the Purchaser and constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to the applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law
(c)After giving effect to this Amendment, the representations and warranties of the Purchaser contained in Section 1(b) of the Purchase Agreement or any document furnished at any time under or in connection therewith, are true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or reference to material adverse effect) on and as of the date of this Amendment.
SECTION 6.  Reference to and Effect on the Purchase Agreement.
(a)On and after the Amendment Effective Date, each reference in the Existing Purchase Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Existing Purchase Agreement shall mean and be a reference to the Existing Purchase Agreement as amended by this Amendment.  
(b)The Existing Purchase Agreement, as amended by this Amendment, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed.  
(c)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Purchaser under the Purchase Agreement, nor constitute a modification, acceptance or waiver of any other provision of the Purchase Agreement.
SECTION 7.  Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall 

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constitute but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or .pdf shall be effective as delivery of a manually executed counterpart of this Amendment.
SECTION 8.  Expense Reimbursement.  The Company will pay to the Purchaser by wire transfer in immediately available funds to the account(s) specified by the Purchaser to the Company promptly after written demand from the Purchaser (containing reasonable documentation) the documented and reasonable costs and out-of-pocket expenses of the Purchaser’s outside legal counsel incurred by the Purchaser in connection with the negotiation and execution of this Amendment.
SECTION 9.  Miscellaneous.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.  Sections 16(a), (b) and (c) of the Purchase Agreement are hereby incorporated by reference into this Amendment, mutatis mutandis, and the parties hereto hereby agree that such provisions shall apply to this Amendment with the same force and effect as if set forth herein in their entirety.
[The remainder of this page is intentionally left blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
	
			
	 
	T-MOBILE USA, INC.,

	 
	a Delaware limited liability company

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ J. Braxton Carter

	 
	Name:
	J. Braxton Carter

	 
	Title: 
	Executive Vice President and Chief Financial Officer

[Amendment No. 1 to Purchase Agreement ($650M 6.000% Senior Notes due 2024)]

	
			
	 
	IBSV LLC

	 
	METROPCS CALIFORNIA, LLC

	 
	METROPCS FLORIDA, LLC

	 
	METROPCS GEORGIA, LLC

	 
	METROPCS MASSACHUSETTS, LLC

	 
	METROPCS MICHIGAN, LLC

	 
	METROPCS NETWORKS CALIFORNIA, LLC

	 
	METROPCS NETWORKS FLORIDA, LLC

	 
	METROPCS NEVADA, LLC

	 
	METROPCS NEW YORK, LLC

	 
	METROPCS PENNSYLVANIA, LLC

	 
	METROPCS TEXAS, LLC

	 
	POWERTEL MEMPHIS LICENSES, INC.

	 
	POWERTEL/MEMPHIS, INC.

	 
	SUNCOM WIRELESS HOLDINGS, INC.

	 
	SUNCOM WIRELESS INVESTMENT COMPANY, LLC

	 
	SUNCOM WIRELESS LICENSE COMPANY, LLC

	 
	SUNCOM WIRELESS MANAGEMENT COMPANY, INC.

	 
	SUNCOM WIRELESS OPERATING COMPANY, L.L.C.

	 
	SUNCOM WIRELESS PROPERTY COMPANY, L.L.C.

	 
	SUNCOM WIRELESS, INC.

	 
	T-MOBILE CENTRAL LLC

	 
	T-MOBILE FINANCIAL LLC

	 
	T-MOBILE LEASING LLC

	 
	T-MOBILE LICENSE LLC

	 
	T-MOBILE NORTHEAST LLC

	 
	T-MOBILE PCS HOLDINGS LLC

	 
	T-MOBILE PUERTO RICO HOLDINGS LLC

	 
	T-MOBILE PUERTO RICO LLC

	 
	T-MOBILE RESOURCES CORPORATION

	 
	T-MOBILE SOUTH LLC

	 
	T-MOBILE SUBSIDIARY IV CORPORATION

	 
	T-MOBILE US, INC.

	 
	T-MOBILE WEST LLC

	 
	TRITON PCS FINANCE COMPANY, INC.

	 
	TRITON PCS HOLDINGS COMPANY L.L.C.

	 
	VOICESTREAM PCS I IOWA CORPORATION

	 
	VOICESTREAM PITTSBURGH GENERAL PARTNER, INC.

	 
	VOICESTREAM PITTSBURGH, L.P.

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ J. Braxton Carter

	 
	Name:
	J. Braxton Carter

	 
	Title:
	Authorized Person

[Amendment No. 1 to Purchase Agreement ($650M 6.000% Senior Notes due 2024)]

	
			
	 
	DEUTSCHE TELEKOM AG, as Purchaser

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Jürgen Kistner

	 
	Name:
	Jürgen Kistner

	 
	Title:
	Vice President, Treasury

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Marcus Schafer

	 
	Name:
	Marcus Schafer

	 
	Title:
	Vice President, Treasury

[Amendment No. 1 to Purchase Agreement ($650M 6.000% Senior Notes due 2024)]Exhibit

Exhibit 10.1

EIGHTH AMENDMENT TO THIRD 
AMENDED AND RESTATED CREDIT AGREEMENT 

This EIGHTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into as of October 31, 2016, by and among MRC ENERGY COMPANY, a Texas corporation (the “Borrower”),  the LENDERS party hereto and ROYAL BANK OF CANADA, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”).  Unless otherwise expressly defined herein, capitalized terms used but not defined in this Amendment have the meanings assigned to such terms in the Credit Agreement (as defined below).
WITNESSETH:
WHEREAS, the Borrower, the Administrative Agent and the Lenders have entered into that certain Third Amended and Restated Credit Agreement, dated as of September 28, 2012 (as the same has been and may hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend the Credit Agreement in certain respects and the Administrative Agent and the Lenders have agreed to do so on the terms and conditions hereinafter set forth. 
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, the Borrower, the Administrative Agent and the Lenders hereby agree as follows:
SECTION 1.Amendments to Credit Agreement.  Subject to the satisfaction or waiver in writing of each condition precedent set forth in Section 4 of this Amendment, and in reliance on the representations, warranties, covenants and agreements contained in this Amendment, the Credit Agreement shall be amended in the manner provided in this Section 1.
1.1    Cover Page. The cover page to the Credit Agreement shall be and it hereby is amended and restated in its entirety and replaced with Annex A attached hereto.
1.2    Amended Definition. The following definition in Section 1.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:
“LIBOR Rate” means,
(a)    for any Interest Period with respect to any Eurodollar-based Advance, the per annum rate of interest, expressed on the basis of a year of 360 days, determined by the Administrative Agent, which is equal to the offered rate set by ICE Benchmark Administration for deposits in Dollars (as set forth by any service selected by the Administrative Agent that has been nominated by ICE Benchmark Administration as an authorized information vendor for the purpose of displaying 

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such rates) with a term equivalent to such Eurodollar-Interest Period, determined as of approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Eurodollar-Interest Period.  If the rates referenced in the preceding sentence are not available, “LIBOR Rate” shall mean the per annum rate of interest determined by the Administrative Agent as the rate of interest, expressed on a basis of 360 days, at which deposits in Dollars for delivery on the first day of such Eurodollar-Interest Period in same day funds in the approximate amount of the Eurodollar-based Advance being made, continued or converted by the Administrative Agent and with a term and amount comparable to such Eurodollar-Interest Period and principal amount of such Eurodollar-based Advance as would be offered by the Administrative Agent’s London Branch to major banks in the offshore Dollar market at their request at approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Eurodollar-Interest Period; provided that, if any such rate is below zero, the LIBOR Rate will be deemed to be zero; and
(b)    for purposes of determining the Daily Adjusting LIBOR Rate in connection with a Base Rate Advance, the per annum rate of interest, expressed on the basis of a year of 360 days, determined by the Administrative Agent, which is equal to the offered rate set by ICE Benchmark Administration for deposits in Dollars (as set forth by any service selected by the Administrative Agent that has been nominated by ICE Benchmark Administration as an authorized information vendor for the purpose of displaying such rates) with a term equivalent to one (1) month, determined as of approximately 11:00 a.m. (London time) on such day, or if such day is not a Business Day, on the immediately preceding Business Day.  If the rates referenced in the preceding sentence are not available, “LIBOR Rate” shall mean the per annum rate of interest determined by the Administrative Agent as the rate of interest, expressed on a basis of 360 days, at which deposits in Dollars for delivery on such day in same day funds in the approximate amount of the Base Rate Advance being made or converted by the Administrative Agent and with a term equal to one (1) month and amount comparable to the principal amount of such Base Rate Advance as would be offered by the Administrative Agent’s London Branch to major banks in the offshore Dollar market at their request at approximately 11:00 a.m. (London time) on such day; provided that, if any such rate is below zero, the LIBOR Rate will be deemed to be zero.
1.3    Additional Definitions.  The following definition shall be and it hereby is added to Section 1.1 of the Credit Agreement in alphabetical order:
“Eighth Amendment Effective Date” means October 31, 2016.
1.4    Borrowing Base. Section 4.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:
4.1    Borrowing Base.  The term “Conforming Borrowing Base” means, as of the date of determination thereof prior to the Borrowing Base Equalization 

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Date, the designated loan value as calculated by Lenders in their sole discretion assigned to the discounted present value of future net income accruing to the Borrowing Base Properties, based upon Lenders’ in-house evaluation of Borrowing Base Properties.  Before the Borrowing Base Equalization Date the term “Borrowing Base” has the meaning set forth below, and will be determined in relation to the Conforming Borrowing Base.  On and after the Borrowing Base Equalization Date, the term “Borrowing Base” means, as of the date of determination thereof, the designated loan value as calculated by Lenders in their sole discretion assigned to the discounted present value of future net income accruing to the Borrowing Base Properties, based upon Lenders’ in-house evaluation of Borrowing Base Properties.  The Lenders’ determination of the Conforming Borrowing Base and Borrowing Base will be made in accordance with then-current practices, economic and pricing parameters, methodology, assumptions, and customary procedures and standards established by each Lender from time to time for its petroleum industry customers including without limitation (a) an analysis of such reserves and production data with respect to the Hydrocarbon Interests of the Credit Parties in all of their Oil and Gas Properties, including the Mortgaged Properties, as is provided to Lenders in accordance herewith, (b) an analysis of the assets, liabilities, cash flow, business, properties, prospects, management and ownership of each Credit Party, and (c) such other credit factors as each Lender customarily considers in evaluating similar oil and gas credits.  Borrower acknowledges that the determination of the Borrowing Base contains an equity cushion (collateral value in excess of loan amount) which Borrower acknowledges to be essential for the adequate protection of Lenders.  As of the Eighth Amendment Effective Date, the Borrowing Base and the Conforming Borrowing Base shall be $400,000,000.  Prior to the Borrowing Base Equalization Date, any increase in the Conforming Borrowing Base as a result of the most recent redetermination thereof shall result in an equal increase in the Borrowing Base.  On and after the Borrowing Base Equalization Date,  the Borrowing Base shall equal the Conforming Borrowing Base then in effect and all references to Conforming Borrowing Base and Borrowing Base shall mean the Borrowing Base then in effect.
SECTION 2.      Redetermined Borrowing Base.  This Amendment shall constitute notice of a redetermination of the Borrowing Base pursuant to Section 4.2 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of October 31, 2016 the Borrowing Base shall be $400,000,000 and such redetermined Borrowing Base shall remain in effect until the date the Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.  The redetermination of the Borrowing Base contained in this Section 2 shall constitute the Determination Date to occur on or about November 1, 2016.
SECTION 3.    Reallocation and Increase of Revolving Credit Commitment Amounts.  The Lenders have agreed among themselves to reallocate their respective Revolving Credit Commitment Amounts, and to permit one or more of the Lenders to increase their respective Revolving Credit Commitment Amounts (each, an “Increasing Lender”). Each of the Administrative Agent and the Borrower hereby consent to (i) the reallocation of the Revolving Credit Commitment Amounts and (ii) the increase in each Increasing Lender’s Revolving Credit Commitment Amount.  On the date 

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this Amendment becomes effective and after giving effect to such reallocation, assignment and increase of the Revolving Credit Aggregate Commitment, the Revolving Credit Commitment Amount of each Lender shall be as set forth on Schedule 1.2 of this Amendment.  Each Lender hereby consents to the Revolving Credit Commitment Amount set forth on Schedule 1.2 of this Amendment.  The reallocation of the Revolving Credit Commitment Amounts among the Lenders shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit D to the Credit Agreement as if the Lenders had executed an Assignment and Assumption with respect to such reallocation.  The Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 13.7(b)(iv) of the Credit Agreement with respect to the assignments and reallocations contemplated by this Section 3.  To the extent requested by any Lender, and in accordance with Section 11.1 of the Credit Agreement, the Borrower shall pay to such Lender, within the time period prescribed by Section 11.1 of the Credit Agreement, any amounts required to be paid by the Borrower under Section 11.1 of the Credit Agreement in the event the payment of any principal of any Eurodollar-based Advance or the conversion of any Eurodollar-based Advance other than on the last day of an Interest Period applicable thereto is required in connection with the reallocation contemplated by this Section 3.
SECTION 4.    Conditions.  The amendments to the Credit Agreement contained in Section 1 of this Amendment and the redetermination of the Borrowing Base contained in Section 2 of this Amendment and the reallocation of the Revolving Credit Commitment Amounts contained in Section 3 of this Amendment shall be effective upon the satisfaction of each of the conditions set forth in this Section 4.
4.1    Execution and Delivery.  The Administrative Agent shall have received a duly executed counterpart of (a) this Amendment signed by the Borrower and the Lenders and (b) the Consent and Reaffirmation attached hereto signed by each Guarantor, in each case, in form and substance reasonably satisfactory to the Administrative Agent.
4.2    No Default.  After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing.
4.3    Fees.  The Administrative Agent shall have received the fees separately agreed upon in a separate fee letter executed by the Administrative Agent and the Borrower in connection with this Amendment.
4.4    Other Documents.  The Administrative Agent shall have received such other instruments and documents incidental and appropriate to the transactions provided for herein as the Administrative Agent or its special counsel may reasonably request, and all such documents shall be in form and substance reasonably satisfactory to the Administrative Agent.
SECTION 5.    Representations and Warranties.  To induce the Lenders to enter into this Amendment, the Borrower hereby represents and warrants to the Lenders as follows:
5.1    Reaffirmation of Representations and Warranties.  After giving effect to the amendments herein, each representation and warranty of the Borrower, the Parent and each other Credit Party contained in the Credit Agreement and in each of the other Loan Documents to which 

PAGE 4

it is a party is true and correct in all material respects as of the date hereof (without duplication of any materiality qualifier contained therein), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of such specified earlier date.
5.2    Corporate Authority; No Conflicts.  The execution, delivery and performance by the Borrower of this Amendment and all documents, instruments and agreements contemplated herein are within the Borrower’s corporate powers, have been duly authorized by necessary corporate action by the Borrower, require no action by or in respect of, or filing with, any court or agency of government (except for the recording and filing of Collateral Documents and financing statements) and (a) do not violate in any material respect any Requirement of Law,  (b) are not in contravention of the terms of any material Contractual Obligation, indenture, agreement or undertaking to which the Borrower is a party or by which it or its properties are bound where such violation could reasonably be expected to have a Material Adverse Effect,  and (c) do not result in the creation or imposition of any Lien upon any of the assets of the Borrower except for Liens permitted by Section 8.2 of the Credit Agreement and otherwise as permitted in the Credit Agreement.
5.3    Enforceability.  This Amendment constitutes the valid and binding obligation of the Borrower enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application.
5.4    No Default.  As of the date hereof, immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
SECTION 6.    Miscellaneous.
6.1    Mortgages.  Within thirty (30) days after the Eighth Amendment Effective Date (or such longer period as Administrative Agent may agree, in its reasonable discretion), the Credit Parties shall have executed and delivered to the Administrative Agent Mortgages and title information, in each case, reasonably satisfactory to the Administrative Agent with respect to the Oil and Gas Properties of the Credit Parties, or the portion thereof, as required by Sections 7.16 and 7.17 of the Credit Agreement.
6.2    Reaffirmation of Loan Documents and Liens.  Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect and are hereby in all respects ratified and confirmed by the Borrower.  The Borrower hereby agrees that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of the Borrower, the Parent or any other Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof, except as amended and modified hereby.
6.3    Parties in Interest.  All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns.

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6.4    Further Assurances.  The Borrower covenants and agrees from time to time, as and when reasonably requested by the Administrative Agent or the Lenders, to execute and deliver or cause to be executed or delivered, all such documents, instruments and agreements and to take or cause to be taken such further or other action as the Administrative Agent or the Lenders may reasonably deem necessary or desirable in order to carry out the intent and purposes of this Amendment.
6.5    Legal Expenses.  The Borrower hereby agrees to pay all reasonable and documented out-of-pocket fees and expenses of special counsel to the Administrative Agent incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and all related documents.
6.6    FATCA.  For the purposes of determining withholding Taxes imposed under FATCA, from and after the effective date of this Amendment, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
6.7    Counterparts.  This Amendment may be executed in one or more counterparts and by different parties hereto in separate counterparts each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.  Delivery of photocopies of the signature pages to this Amendment by facsimile or electronic mail shall be effective as delivery of manually executed counterparts of this Amendment.
6.8    Complete Agreement.  THIS AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
6.9    Headings.  The headings, captions and arrangements used in this Amendment are, unless specified otherwise, for convenience only and shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof.
6.10    Governing Law.  This Amendment shall be construed in accordance with and governed by the laws of the State of Texas.
6.11    Severability.  Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
6.12    Reference to and Effect on the Loan Documents.

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(a)    This Amendment shall be deemed to constitute a Loan Document for all purposes and in all respects.  Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import, and each reference in the Credit Agreement or in any other Loan Document, or other agreements, documents or other instruments executed and delivered pursuant to the Credit Agreement to the “Credit Agreement”, shall mean and be a reference to the Credit Agreement as amended by this Amendment.  
(b)    The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
[Signature pages follow.]

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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective authorized officers to be effective as of the date first above written.
	
				
	BORROWER:
	 

	 
	 
	 
	 

	MRC ENERGY COMPANY,
	 

	as Borrower
	 

	 
	 
	 
	 

	By:
	 
	/s/ David E. Lancaster
	 

	Name:
	 
	David E. Lancaster
	 

	Title:
	 
	Executive Vice President
	 

SIGNATURE PAGE

	
				
	ROYAL BANK OF CANADA,
	 

	as Administrative Agent
	 

	 
	 
	 
	 

	By:
	 
	/s/ Rodica Dutka
	 

	Name:
	 
	Rodica Dutka
	 

	Title:
	 
	Manager, Agency
	 

	
				
	ROYAL BANK OF CANADA,
	 

	as a Lender and as an Issuing Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Kristan Spivey
	 

	Name:
	 
	Kristan Spivey
	 

	Title:
	 
	Authorized Signatory
	 

SIGNATURE PAGE

	
				
	THE BANK OF NOVA SCOTIA,
	 

	as a Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Alan Dawson
	 

	Name:
	 
	Alan Dawson
	 

	Title:
	 
	Director
	 

SIGNATURE PAGE

	
				
	BANK OF AMERICA, N.A.,
	 

	as a Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Raza Jafferi
	 

	Name:
	 
	Raza Jafferi
	 

	Title:
	 
	Vice President
	 

SIGNATURE PAGE

	
				
	COMERICA BANK,
	 

	as a Lender and as an Issuing Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Robert C. Pitcock
	 

	Name:
	 
	Robert C. Pitcock
	 

	Title:
	 
	Relationship Manager
	 

SIGNATURE PAGE

	
				
	SUNTRUST BANK,
	 

	as a Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Shannon Juhan
	 

	Name:
	 
	Shannon Juhan
	 

	Title:
	 
	Director
	 

SIGNATURE PAGE

	
				
	BMO HARRIS FINANCING, INC.,

	as a Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Kevin Utsey
	 

	Name:
	 
	Kevin Utsey
	 

	Title:
	 
	Director
	 

SIGNATURE PAGE

	
				
	WELLS FARGO BANK, N.A.,
	 

	as a Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Edward Markham
	 

	Name:
	 
	Edward Markham
	 

	Title:
	 
	Vice President
	 

SIGNATURE PAGE

	
				
	IBERIABANK,
	 

	as a Lender
	 

	 
	 
	 
	 

	By:
	 
	/s/ Moni Collins
	 

	Name:
	 
	Moni Collins
	 

	Title:
	 
	Senior Vice President
	 

SIGNATURE PAGE

Schedule 1.2 
 
Percentages and Allocations
Revolving Credit
	
			
	LENDERS
	REVOLVING CREDIT
ALLOCATIONS
	REVOLVING CREDIT
PERCENTAGE

	Royal Bank of Canada
	$68,571,428.60
	17.1428571500%

	The Bank of Nova Scotia
	$64,155,844.15
	16.0389610375%

	Comerica Bank
	$55,064,935.06
	13.7662337650%

	Bank of America, N.A.
	$55,064,935.06
	13.7662337650%

	Suntrust Bank
	$55,064,935.06
	13.7662337650%

	BMO Harris Financing, Inc.
	$55,064,935.06
	13.7662337650%

	Wells Fargo Bank, N.A.
	$27,272,727.27
	6.8181818175%

	IBERIABANK
	$19,740,259.74
	4.9350649350%

	TOTALS
	$400,000,000.00
	100.000000000%

Annex A

Third Amended and Restated Credit Agreement
Dated as of September 28, 2012
MRC ENERGY COMPANY,
as Borrower,
The Lending Entities From Time to Time Parties Hereto,
as Lenders,
and
Royal Bank of Canada,
as Administrative Agent

RBC Capital Markets, 
as Joint Lead Arranger and Sole Bookrunner

Comerica Bank, 
as Joint Lead Arranger and Syndication Agent
and

The Bank of Nova Scotia,
as Joint Lead Arranger and Co-Documentation Agent
and

SunTrust Bank, 
as Co-Documentation Agent

CONSENT AND REAFFIRMATION
Each of the undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a copy of the foregoing Eighth Amendment to Third Amended and Restated Credit Agreement (the “Eighth Amendment”); (ii) consents to the Borrower’s execution and delivery thereof; (iii) consents to the terms of the Eighth Amendment; (iv) affirms that nothing contained therein shall modify in any respect whatsoever its guaranty of the Indebtedness pursuant to the terms of the Guaranty or the Liens granted by it pursuant to the terms of the other Loan Documents to which it is a party securing payment and performance of the Indebtedness, (v) reaffirms that the Guaranty and the other Loan Documents to which it is a party and such Liens are and shall continue to remain in full force and effect and are hereby ratified and confirmed in all respects and (vi) represents and warrants to the Administrative Agent and the Lenders that, as of the date hereof, (x) all of the representations and warranties made by it in each of the Loan Documents to which it is a party are true and correct in all material respects (without duplication of any materiality qualifier contained therein), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of such specified earlier date, and (y) after giving effect to the Eighth Amendment, no Default or Event of Default has occurred and is continuing.  Although each Guarantor has been informed of the matters set forth herein and has acknowledged and agreed to same, each Guarantor understands that neither the Administrative Agent nor any of the Lenders have any obligation to inform any Guarantor of such matters in the future or to seek any Guarantor’s acknowledgment or agreement to future amendments or waivers for the Guaranty and other Loan Documents to which it is a party to remain in full force and effect, and nothing herein shall create such duty or obligation.
 [SIGNATURE PAGES FOLLOW]

CONSENT AND REAFFIRMATION

IN WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation on and as of the date of the Eighth Amendment.

	
				
	GUARANTORS:
	 

	 
	 
	 
	 

	MATADOR RESOURCES COMPANY
	 

	MRC ENERGY SOUTHEAST COMPANY, LLC
	 

	MRC ENERGY SOUTH TEXAS COMPANY, LLC
	 

	MRC PERMIAN COMPANY
	 

	MRC ROCKIES COMPANY
	 

	MATADOR PRODUCTION COMPANY
	 

	LONGWOOD GATHERING AND DISPOSAL SYSTEMS GP, INC.
	 

	DELAWARE WATER MANAGEMENT COMPANY, LLC
	 

	LONGWOOD MIDSTREAM DELAWARE, LLC
	 

	LONGWOOD MIDSTREAM SOUTHEAST, LLC
	 

	LONGWOOD MIDSTREAM SOUTH TEXAS, LLC
	 

	SOUTHEAST WATER MANAGEMENT COMPANY, LLC
	 

	MRC DELAWARE RESOURCES, LLC
	 

	DLK BLACK RIVER MIDSTREAM, LLC
	 

	MRC PERMIAN LKE COMPANY, LLC
	 

	BLACK RIVER WATER MANAGEMENT COMPANY, LLC
	 

	 
	 
	 
	 

	By:
	 
	 

	Name:
	David E. Lancaster
	 

	Title:
	Executive Vice President
	 

	
				
	LONGWOOD GATHERING AND DISPOSAL SYSTEMS, LP
	 

	 
	 
	 

	By:
	Longwood Gathering and Disposal Systems GP, Inc., its General Partner
	 

	 
	 
	 
	 

	By:
	 
	 

	Name:
	David E. Lancaster
	 

	Title:
	Executive Vice President
	 

 

CONSENT AND REAFFIRMATION SIGNATURE PAGE

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