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exv10w4

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EXHIBIT 10.4

CVB FINANCIAL CORP.

DISCRETIONARY PERFORMANCE COMPENSATION PLAN

2008

The CVB Financial Corp. Performance Compensation Plan is an objective driven incentive plan based
on quantitative measures of performance. It is intended to recognize successful performance by the
participants in the plan. Awards are most strongly influenced by return on average equity, since it
is our primary criterion for results. This will be complemented by specific objectives in other
areas of performance, which are most directly influenced by the individual plan participants. This
performance compensation plan is discretionary and the Compensation Committee of the Board (“the
Committee”) reserves the right to adjust or modify the plan as they consider appropriate.

Performance awards are governed primarily by return on average equity. Minimum, target and maximum
performance compensation awards will be based on the level of success achieved during the year as
outlined in the Financial Plan for 2008 on Page 2.

The performance compensation awards will be presented by February 27, 2009. An associate must be
actively employed by the Company when the award checks are issued in order to receive the award.
All awards will be approved by the Committee, and the Committee retains the right to adjust or
revoke the plan at any time during the year.

The Committee reserves the right to 1) grant bonuses where bonuses have not been earned under the
guidelines of this plan and/or 2) adjust bonus allocations either upward or downward based on their
judgment of an individual’s overall contribution to the Company for the year.

SENIOR LEADERSHIP COMMITTEE PERFORMANCE COMPENSATION PLAN

Senior Leadership Committee performance compensation will be based on the return on average equity
for the Company and on their individual performance categories. The related weights or values
assigned to return on equity and the individual performance categories will depend on the position
and responsibilities of the executive. Performance levels and the respective awards are outlined in
the 2008 Individual Performance Compensation Plan.

For our President and Chief Executive Officer and each of our executive officers (other than the
executive in charge of our trust department), performance compensation will be based on the
following individual categories:

Return on Average Equity

Earnings Growth

Demand Deposits

Total Deposits including Repos

Business Loans

Total Loans

Fee Income

Non-Interest Income

The members of this group are currently: Messrs. Myers, Biebrich, Coleman and Hollander. The total
compensation which may be earned by Mr. Myers is between 75% and 150% of his base salary. The total
performance compensation which may be earned by each of Messrs. Biebrich and Hollander is between
25% and 75%. The total performance compensation which may be earned by Mr. Coleman is between 15%
and 45%.

For Christopher A. Walters, Executive Vice President – CitizensTrust, performance compensation will
be based on the following individual categories:

Return on Average Equity

Wealth Management Fees

Investment Services Fees

 

 

Page 2 of 2

Net Earnings of CitizensTrust

Managed Assets

The total performance compensation which may be earned by Mr. Walters is between 25% and 75%.exv10w1

Exhibit 10.1

Execution Version

THIRD AMENDMENT TO CREDIT AGREEMENT

     THIS THIRD AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”) dated as of May 19, 2008, by and
among Concho Resources Inc., a Delaware corporation (the “Borrower”), certain subsidiaries of the
Borrower, as Guarantors (the “Guarantors”), the Lenders party hereto (the “Lenders”) and JPMorgan
Chase Bank, N.A., a national banking association, as Administrative Agent (in such capacity, the
“Administrative Agent”). Unless the context otherwise requires or 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 Guarantors, the Administrative Agent and the Lenders entered into
that certain Credit Agreement dated as of February 24, 2006, (as amended by that certain First
Amendment to Credit Agreement dated July 6, 2006, as further amended by that certain Second
Amendment to Credit Agreement dated March 27, 2007, and as further amended, supplemented, restated
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 to, among other things, extend the Maturity Date and increase the Borrowing Base;
and the Administrative Agent and the Lenders have agreed to do so on the terms and conditions
hereinafter set forth; and

     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 Guarantors, 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 3, 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 Amended Definitions. The following definitions in Section 1.01 of the Credit
Agreement shall be and they hereby are amended and restated in their entirety to read as follows:

     “Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with
respect to the Unused Commitment Fees, as the case may be, the applicable rate per annum set forth
below under the caption “ABR Spread” , “Eurodollar Spread” or “Unused Commitment Fee Rate”, as the
case may be, based upon the Borrowing Base Usage as set forth below:

Third Amendment to Credit Agreement – Page 1

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Unused
	Borrowing	 	Eurodollar	 	 	 	 	 	Commitment Fee
	Base Usage	 	Spread	 	ABR Spread	 	Rate
	3110%
	 	 	2.75%	 	 	1.25%	 	 	0.50%
	>100% and < 110%
	 	 	2.50%	 	 	1.00%	 	 	0.50%
	390% and £ 100%
	 	 	2.00%	 	 	0.75%	 	 	0.50%
	375% and < 90%
	 	 	1.75%	 	 	0.50%	 	 	0.375%
	350% and < 75%
	 	 	1.50%	 	 	0.25%	 	 	0.375%
	< 50%
	 	 	1.25%	 	 	0.00%	 	 	0.25%

Each change in the Applicable Rate shall apply during the period commencing on the effective date
of such change and ending on the date immediately preceding the effective date of the next change.

     “Maturity Date” means February 24, 2011.

     1.2 Application of Funds. Section 8.03 of the Credit Agreement shall be and it
hereby is corrected as follows: (a) all references to “ARTICLE III” in clauses First
and Second
shall be replaced by “ARTICLE II”, and (b) all references to “Section 2.02(c)” in the last
paragraph shall be replaced by “Section 2.04(j)”.

     1.3 Successors and Assigns. Clause (iii) of Section 10.06(b) of the Credit
Agreement shall be and it hereby is amended and restated in its entirety to read as follows:

     (iii) any assignment of a Commitment must be approved by the Administrative Agent, the L/C
Issuer and the Swing Line Lender (which approval may not to be unreasonably withheld or delayed)
unless the Person that is the proposed assignee is itself a Lender (whether or not the proposed
assignee would otherwise qualify as an Eligible Assignee); and

     1.4 Commitments and Applicable Percentages. Schedule 2.01 of the Credit
Agreement shall be and it hereby is amended in its entirety by substituting Schedule
2.01 which
is attached to this Amendment.

     1.5 Notices. Schedule 10.02 of the Credit Agreement shall be and it hereby is
amended in its entirety by substituting Schedule 10.02 which is attached to this
Amendment.

     1.6 Redetermined Borrowing Base. This Amendment shall constitute a notice of
the redetermination of the Borrowing Base pursuant to Section 3.02 of the Credit
Agreement,
and the Administrative Agent hereby notifies the Borrower that, as of the date of this
Amendment, the redetermined Borrowing Base is $550,000,000.

SECTION 2. New Lenders and Reallocation of Commitments and Loans. The Lenders have agreed among
themselves to reallocate their respective Commitments and to, among other things, allow certain
financial institutions identified by J.P. Morgan Securities, Inc., in its capacity as a Lead
Arranger, in consultation with the Borrower, to become a party to the Credit Agreement as a Lender
(each, a “New Lender”) by acquiring an interest in the Aggregate Commitment, and Administrative
Agent and the Borrower hereby consent to such reallocation

Third Amendment to Credit Agreement – Page 2

 

 

and each New Lender’s acquisition of an interest in the Aggregate Commitment. As of the date of
this Amendment and after giving effect to such reallocation of the Aggregate Commitment, the
Commitment of each Lender shall be as set forth on Schedule 2.01 of this Amendment. With
respect to such reallocation, each New Lender shall be deemed to have acquired the Commitment
allocated to it from each of the other Lenders pursuant to the terms of the Assignment and
Assumption attached as Exhibit C to the Credit Agreement as if such New Lender and the
other Lenders had executed an Assignment and Assumption with respect to such allocation. The
Borrower and Administrative Agent hereby consent to such assignment to the New Lenders.

SECTION 3. Conditions. The amendments to the Credit Agreement contained in Section 1 of
this Amendment, the redetermination of the Borrowing Base as set forth in Section 1 of
this Amendment and the assignments and reallocations contained in Section 2 of this
Amendment shall be effective upon the satisfaction of each of the conditions set forth in this
Section 3.

     3.1 Execution and Delivery. Each Loan Party and each Lender shall have executed
and delivered this Amendment and any other documents requested by Administrative Agent
prior to the date hereof, all in form and substance satisfactory to the Administrative
Agent.

     3.2 Payment of Fees. The Administrative Agent and J.P. Morgan Securities Inc.
(“JPMSI”) shall have received all fees payable in the amounts and at the times separately
agreed
upon among the Administrative Agent, JPMSI and the Borrower.

     3.3 No Default. No Default shall have occurred and be continuing.

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

     3.5 Legal Matters Satisfactory. All legal matters incident to the consummation of
the transactions contemplated hereby shall be reasonably satisfactory to special counsel for
the
Agent retained at the expense of the Borrower.

SECTION 4. Representations and Warranties of the Borrower. To induce the Lenders to
enter into this Amendment, each Loan Party hereby represents and warrants to the Lenders as
follows:

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

     4.2 Corporate Authority; No Conflicts. The execution, delivery and performance
by such Loan Party of this Amendment and all documents, instruments and agreements
contemplated herein are within such Loan Party’s corporate or other organizational powers,
have

Third Amendment to Credit Agreement – Page 3

 

 

been duly authorized by necessary action, require no approval, consent or action by or in respect
of, or filing with, any court or agency of government.

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

SECTION 5. Miscellaneous.

     5.1 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. Each Loan Party hereby agrees that the
amendments and modifications herein contained shall not impair the liabilities, duties and
obligations of any Loan Party under the Credit Agreement and the other Loan Documents or the
Liens securing the payment and performance thereof and each Guarantor hereby reaffirms that
its Guaranty remains in full force and effect.

     5.2 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.

     5.3 Legal Expenses. Each Loan Party hereby agrees to pay all reasonable 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.

     5.4 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. However, this Amendment shall bind no party until each Loan Party, the Lenders (or
at least the required percentage thereof), and the Administrative Agent have executed a
counterpart. Delivery of photocopies of the signature pages to this Amendment by facsimile or
electronic mail shall be effective as delivery of manually executed counterparts of this
Amendment.

     5.5 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.

     5.6 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.

Third Amendment to Credit Agreement – Page 4

 

 

     5.7 Governing Law. This Amendment shall be governed by, and construed in accordance
with, the law of the state of Texas.

[Remainder of Page Intentionally Blank. Signature Pages Follow.]

Third Amendment to Credit Agreement – Page 5

 

 

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

	 	 	 	 	 	 	 
	 	 	BORROWER:	 	 
	 
	 	 	 	 	 	 
	 	 	CONCHO RESOURCES INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curt F. Kamradt	 	 
	 

	 	Name:
	 	 

Curt F. Kamradt
	 	 
	 

	 	Title:
	 	Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	GUARANTORS:	 	 
	 
	 	 	 	 	 	 
	 	 	CONCHO EQUITY
HOLDINGS LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curt F. Kamradt	 	 
	 

	 	Name:
	 	 

Curt F. Kamradt
	 	 
	 

	 	Title:
	 	Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	CONCHO ENERGY SERVICES LLC,	 	 
	 	 	a Texas limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curt F. Kamradt	 	 
	 

	 	Name:
	 	 

Curt F. Kamradt
	 	 
	 

	 	Title:
	 	Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	COG OPERATING LLC,	 	 
	 	 	a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curt F. Kamradt	 	 
	 

	 	Name:
	 	 

Curt F. Kamradt
	 	 
	 

	 	Title:
	 	Vice President and Chief Financial Officer	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	CONCHO LP LLC,	 	 
	 	 	a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David W. Copeland	 	 
	 

	 	Name:
	 	 

David W. Copeland
	 	 
	 

	 	Title:
	 	President	 	 
	 
	 	 	 	 	 	 
	 	 	COG OIL & GAS LP,	 	 
	 	 	a Texas limited partnership	 	 
	 	 	By: COG Operating LLC, its sole general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curt F. Kamradt	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Curt F. Kamradt	 	 
	 

	 	Title:
	 	Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	COG REALTY LLC,	 	 
	 	 	a Texas limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curt F. Kamradt	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Curt F. Karmradt	 	 
	 

	 	Title:
	 	Vice President and Chief Financial Officer	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.,	 	 
	 	 	as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ J. Scott Fowler	 	 
	 

	 	 	 	 

J. Scott Fowler
	 	 
	 

	 	 	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.,	 	 
	 	 	as a Lender, L/C Issuer and Swing Line Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ J. Scott Fowler	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	J. Scott Fowler	 	 
	 

	 	 	 	Senior Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA N.A.,	 	 
	 	 	as Syndication Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey H. Rathkamp	 	 
	 

	 	Name:
	 	 

Jeffrey H. Rathkamp
	 	 
	 

	 	Title:
	 	Managing Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	BNP PARIBAS,	 	 
	 	 	as a Documentation Agent and a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Betsy Jocher	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Betsy Jocher	 	 
	 	 	Title:	 	Director	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Courtney Kubesch	 	 
	 	 	Name:	 	 

Courtney Kubesch	 	 
	 	 	Title:	 	Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL	 	 
	 	 	ASSOCIATION,	 	 
	 	 	as a Documentation Agent and a Lender	 	 
	 
	 

	 	By:
	 	/s/ Hank Biedrzycki	 	 
	 

	 	Name:
	 	 

Hank Biedrzycki
	 	 
	 

	 	Title:
	 	Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF SCOTLAND PLC,	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Julia R. Franklin	 	 
	 	 	Name:	 	 
Julia R. Franklin	 	 
	 	 	Title:	 	Assistant Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF TEXAS, N.A.,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ J. Michael Delbridge	 	 
	 

	 	Name:
	 	 
J. Michael Delbridge
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A. (formerly Citibank Texas, N.A.),	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ryan Monroe	 	 
	 

	 	Name:
	 	 

Ryan Monroe
	 	 
	 

	 	Title:
	 	Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	COMERICA BANK,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Peter L. Sefzik	 	 
	 

	 	Name:
	 	 

Peter L. Sefzik
	 	 
	 

	 	Title:
	 	Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	COMPASS BANK,	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:
	 	/s/ Kathleen J. Bowen	 	 
	 	 	 	 	 

Kathleen J. Bowen
	 	 
	 	 	 	 	Senior Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	FORTIS CAPITAL CORP.,	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Michele Jones	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Michele Jones	 	 
	 	 	Title:	 	Director	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Ilene Fowler	 	 
	 	 	Name:	 	 

Ilene Fowler	 	 
	 	 	Title:	 	Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	ING CAPITAL LLC,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 
	 	By:	 	/s/ Charles E. Hall	 	 
	 
	 	Name:	 	 

Charles E. Hall	 	 
	 
	 	Title:	 	Managing Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	KEY BANK NATIONAL ASSOCIATION,	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:
	 	/s/ Thomas Rajan	 	 
	 	 	Name:
	 	 

Thomas Rajan
	 	 
	 	 	Title:
	 	Managing Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	NATIXIS (formerly Natexis Banques Populaires),	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:
	 	/s/ Donovan C. Broussard	 	 
	 	 	 	 	 

Donovan C. Broussard
	 	 
	 	 	 	 	Managing Director	 	 
	 	 	 	 	 	 	 
	 	 	By:
	 	/s/ Liana Tchernysheva	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Liana Tchernysheva	 	 
	 	 	 	 	Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	SCOTIABANC INC.,	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:	 	/s/ J.F. Todd	 	 
	 	 	Name:	 	 
J.F. Todd	 	 
	 	 	Title:	 	Managing Director	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	STERLING BANK,	 	 
	 	 	as a Lender	 	 
	 	 	 	 	 	 	 
	 	 	By:
	 	/s/ Jeff Forbis	 	 
	 	 	Name:
	 	 

Jeff Forbis
	 	 
	 	 	Title:
	 	Senior Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	SUMITOMO MITSUI BANKING CORPORATION,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Masakazu Hasegawa	 	 
	 

	 	Name:
	 	 

Masakazu Hasegawa
	 	 
	 

	 	Title:
	 	Joint General Manager	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	THE FROST NATIONAL BANK,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Alex Zemkoski	 	 
	 

	 	Name:
	 	 

Alex Zemkoski
	 	 
	 

	 	Title:
	 	Assistant Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Justin M. Alexander	 	 
	 

	 	Name:
	 	 

Justin M. Alexander
	 	 
	 

	 	Title:
	 	Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	UNION BANK OF CALIFORNIA, N.A.,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Timothy Brendel	 	 
	 

	 	Name:
	 	 

Timothy Brendel
	 	 
	 

	 	Title:
	 	Assistant Vice President	 	 

Third Amendment to Credit Agreement

Signature Page

 

 

SCHEDULE 2.01

COMMITMENTS

AND APPLICABLE PERCENTAGES

	 	 	 	 	 	 	 	 	 
	Lender
	 	Commitment1	 	Applicable Percentage
	JPMorgan Chase Bank, N.A.	 	$	43,000,000	 	 	 	7.8181818	%
	Bank of America, N.A.	 	$	43,000,000	 	 	 	7.8181818	%
	BNP Paribas	 	$	43,000,000	 	 	 	7.8181818	%
	Wachovia Bank, National Association	 	$	43,000,000	 	 	 	7.8181818	%
	Bank of Scotland	 	$	34,000,000	 	 	 	6.1818182	%
	Scotiabanc Inc.	 	$	34,000,000	 	 	 	6.1818182	%
	Fortis Capital Corp.	 	$	34,000,000	 	 	 	6.1818182	%
	Citibank, N.A.	 	$	30,000,000	 	 	 	5.4545455	%
	Comerica Bank	 	$	30,000,000	 	 	 	5.4545455	%
	U.S. Bank National Association	 	$	24,000,000	 	 	 	4.3636364	%
	Sterling Bank	 	$	24,000,000	 	 	 	4.3636364	%
	Bank of Texas, N.A.	 	$	21,000,000	 	 	 	3.8181818	%
	The Frost National Bank	 	$	21,000,000	 	 	 	3.8181818	%
	Natixis	 	$	21,000,000	 	 	 	3.8181818	%
	Key Bank National Association	 	$	21,000,000	 	 	 	3.8181818	%
	ING Capital LLC	 	$	21,000,000	 	 	 	3.8181818	%
	Compass Bank	 	$	21,000,000	 	 	 	3.8181818	%
	Union Bank of California, N.A.	 	$	21,000,000	 	 	 	3.8181818	%
	Sumitomo Mitsui Banking Corporation	 	$	21,000,000	 	 	 	3.8181818	%
	 	 	 	 	 	 	 	 	 
	 

	Total	 	$	550,000,000	 	 	 	100.00000000	%

 

			
	1 As of the effective date of the Third Amendment and subject to adjustment as a result
of changes in the Borrowing Base.

Third Amendment to Credit Agreement

Schedule 2.01

 

 

SCHEDULE 10.02

ADMINISTRATIVE AGENT’S OFFICE;

CERTAIN ADDRESSES FOR NOTICES

BORROWER:

Concho Resources Inc.

550 W. Texas, Suite 1300

Midland, Texas 79701

Attention:       Curt F. Kamradt

Telephone:     (432) 683-7443

Telecopier:     (432) 683-7441

Electronic Mail: ckamradt@conchoresources.com

ADMINISTRATIVE AGENT:

Administrative Agent’s Office

(for payments and Requests for Credit Extensions):

JPMorgan Chase Bank, N.A.

Mail Code IL1-0010

21 South Clark Street

Chicago, Illinois 60670

Attn:   Teresita R. Siao

Telephone:     (312) 385-7051

Telecopier:     (312) 385-7096

Electronic Mail:     teresita.r.siao@jpmchase.com

Account Number:   9008109962

ABA:  021000021

Other Notices as Administrative Agent:

JPMorgan Chase Bank, N.A.

Mail Code IL-0010

21 South Clark Street

Chicago, Illinois 60670

Attn: Teresita R. Siao

Telephone: (312) 385-7051

Telecopier: (312) 385-7096

Electronic Mail: teresita.r.siao@jpmchase.com

Third Amendment to Credit Agreement

Schedule 10.02

 

 

with a copy to:

JPMorgan Chase Bank, N.A.

Mail Code TX1-2448

2200 Ross Avenue, 3rd Floor

Dallas, TX 75201-2787

Attn: J. Scott Fowler

Telephone: (214) 965-3226

Telecopier: (214)-965-3280

Electronic Mail: scort.fowler@jpmorgan.com

L/C ISSUER:

JPMorgan Chase Bank, N.A.

Mail Code IL-0010

21 South Clark Street

Chicago, Illinois 60670

Attn: Teresita R. Siao

Telephone: (312) 385-7051

Telecopier: (312) 385-7096

Electronic Mail: teresita.r.siao@jpmchase.com

SWING LINE LENDER:

JPMorgan Chase Bank, N.A.

Mail Code IL1-0010

21 South Clark Street

Chicago, Illinois 60670

Attn: Teresita R. Siao

Telephone: (312) 385-7051

Telecopier: (312) 385-7096

Electronic Mail: teresita.r.siao@jpmchase.com

Account Number: 9008109962

ABA: 021000021

Third Amendment to Credit Agreement

Schedule 10.02

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