Document:

Exhibit 10.1

 

Exhibit
10.1

 

BUSINESS
DEVELOPMENT AND LICENSE AGREEMENT

 

This
Agreement (the “Agreement”) is made effective the 1st day of July, 2014 and entered into by and between Smoky Market
Foods, Inc. (“Smoky”), and Mary Ann’s Specialty Foods, Inc., a (“Manufacturer”).

 

RECITALS

 

Smoky
desires to engage Manufacturer to develop, manufacture and distribute products (the “Products”) under the trademarks
and trade names owned by Smoky and provided to Manufacturer (the “Marks”) and to process sales (i.e., invoicing and
collection) of the Products to customers pursuant to the terms and conditions described below.

 

AGREEMENT

 

In
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

 

1.
Product Development.

 

(a) Smoky
hereby engages Manufacturer to develop, manufacture, label, package, store, and distribute to customers or end-users the Products
in accordance with good manufacturing practices prevailing in the industry, including without limitation, purchasing all raw materials
from suppliers to cover sales orders, purchase all packaging materials, maintaining minimum inventory of Products being sold as
dictated by sales ordering needs, producing and distributing Products, and invoicing and collecting all sales receivables of Products.

 

(b) Smoky’s
engagement of Manufacturer under this Agreement is exclusive as to Smoky and Smoky agrees that it shall not engage any other manufacturer
to develop, manufacture, package, store or ship to customers any of its products, including without limitation any products identified
by the Marks. For purposes of clarification, Smoky agrees and acknowledges that Manufacturer is not being engaged to produce Products
exclusively for Smoky and that Manufacturer may continue, in its sole and absolute discretion, to develop, produce, or distribute
products for itself or any third-party whether or not competitive with the Products.

 

(c) Smoky
hereby grants Manufacturer a non-exclusive, non-transferable license as to the Marks for the purpose of allowing Manufacturer
to perform its obligations under this Agreement.

 

(d)
Smoky shall be responsible for generating sales, which sales shall be invoiced and collected by Manufacturer.
Manufacturer may in its discretion broker additional sales of Products to existing or new Manufacturer customers
(“Brokered Sales”). Smoky agrees that during the term of this Agreement, Smoky will not collect any payment for
Products from any purchaser thereof and will use best efforts to ensure that all such Product payments are processed through
Manufacturer. Notwithstanding the foregoing, nothing herein shall be deemed to limit or prohibit Manufacturer from selling
any inventory of Products at any time.

 

    	Business Development Agreement	Page 1

    	 

    

 

3. Pricing
and Compensation.

 

(a) Product
pricing shall be by mutual agreement of Smoky and Manufacturer and shall be the sum of the following amounts: Manufacturer costs
(“Costs”) plus Manufacturer overhead (“OH:) plus Manufacturer standard anticipated profit (“Profit”),
plus Smoky percentage mark-up (“Smoky Percentage”). All sales of Product, regardless of source of sale, will be paid
to Manufacturer,

 

(b) Manufacturer
shall be responsible for all costs of manufacture of the Products and shall be entitled to retain all gross receipts from the
sale of Products. Upon all sales for which payment is actually received, Manufacturer will pay to Smoky the Smoky Percentage monthly
by the tenth day of the calendar month following the calendar month in which invoice payment is received by Manufacturer. Provided,
however, and notwithstanding the foregoing, as to any Brokered Sales, Manufacture will retain from the Smoky Percentage an additional
amount equal to four percent (4%) of the Product sale price.

 

(c) As
additional consideration to induce Manufacturer to enter into this Agreement and support initial product development, manufacturing
and sales, Smoky will, upon the execution of this Agreement, issue in the aggregate Five Million Shares of its common stock (“Shares”)
to the individuals and in the quantities designated on the attached Schedule A. The Shares shall be unrestricted and free trading
under the United States Securities Act of 1933 (15 U.S.C. §77 et seq.) not later than twelve (12) months after the date hereof.

 

4. Representations
and Warranties.

 

(a) Manufacturer
hereby represents to Smoky that:

 

(i) Manufacturer
has the full legal right, power and authority to enter into this Agreement.

 

(ii) This
Agreement is the legal, valid, and binding obligation of Manufacturer, enforceable against Manufacturer in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency, or other similar laws of general application or by general
principles of equity.

 

(iii) Manufacturer
has the necessary capacity and resources to support the manufacturing and distribution of Products to customers and end-users
in quantities sufficient to generate accounts receivable in excess of Six Hundred Fifty Thousand Dollars ($650,000), assuming
a reasonable sales price.

 

(b) Smoky
hereby represents to Manufacturer that:

 

(i) Smoky
has the full legal right, power and authority to enter into this Agreement.

 

(ii) Smoky
is the exclusive owner of the Marks, that it has the right to grant the non-exclusive license described above, that it has not
granted or agreed to grant any assignment, license, right or privilege which conflicts with the express provisions of this Agreement.

 

    	Business Development Agreement	Page 2

    	 

    

 

(iii) This
Agreement is the legal, valid, and binding obligation of Smoky, enforceable against Smoky in accordance with its terms, except
as enforceability may be limited by bankruptcy, insolvency, or other similar laws of general application or by general principles
of equity.

 

(iv) The
signing and delivery of this Agreement by Smoky and the performance by Smoky of all of Smoky’s obligations under this Agreement
will not breach any agreement to which Smoky is a party, or give any person the right to accelerate any obligation of Smoky; violate
any law, judgment, or order to which Smoky is subject; or require the consent, authorization, or approval of any person, including
but not limited to any governmental body.

 

5. Indemnification.

 

(a) Smoky
agrees to defend, indemnify and hold harmless Manufacturer, its directors, officers, agents and employees from and against any
and all damages, losses, liabilities, claims, suits, costs and expenses (including attorney fees) (collectively, “Claims”)
resulting from or relating to any breach by Smoky of any provision, warranty or covenant, or any nonfulfillment of any obligation
by Smoky, under this Agreement. Smoky further agrees to indemnify and hold harmless Manufacturer and its officers, directors and
agents, from and against any and all damages, loss, cost, liability or expense (including attorney fees and costs) incurred by
any such party in connection with any complaints, demands, claims, or legal actions alleging illness, injury, death, or damage
as a result of the consumption or use of any Product that independent investigation
shows was caused by a defect in the Product that originated after the Product left the custody of Manufacturer.

 

(b) If
either party becomes aware of any incident involving potential contamination of any Product sold hereunder, the party shall provide
immediate telephone notice to the other party, and the parties shall cooperate with each other to identify and remove from sale
any Products suspected of contamination; provided, however, that Manufacturer reserves the right to direct any such investigation
and to determine the actions to be taken in response to the investigation.

 

6. Term.

 

(a) This
Agreement shall run for a period of one (1) year from the date hereof. This Agreement shall renew automatically each year for
a period of one (1) year unless either party provides written notice of non-renewal to the other party at least thirty (30) days
prior to the expiration of the then-current term.

 

(b) Manufacturer
may terminate this Agreement immediately:

 

(i) If
the Shares are not free trading twelve (12) months after the date hereof;

 

(ii) If
Smoky fails to perform any other obligation under this Agreement within 30 days of notice from Manufacturer specifying such failure,
or if such failure cannot be cured within such 30-day period, then Smoky shall not be in default hereunder so long as Smoky commences
cure within such 30-day period and diligently pursues such cure to completion; or

 

    	Business Development Agreement	Page 3

    	 

    

 

(iii)
If Smoky becomes insolvent, a receiver is appointed to the possession of all or substantially all of Smoky’s property, Smoky
makes a general assignment for the benefit of creditors or files a voluntary petition in bankruptcy, or Smoky is the subject of
an involuntary petition in bankruptcy and such involuntary petition is not dismissed within one hundred twenty (120) days of filing.

 

(c) Smoky
may terminate this Agreement immediately:

 

(i) If
Manufacturer fails to perform or meet any material term or condition hereof and has failed to correct same within 30 days after
written notice of such failure by Smoky, or if such failure cannot be cured within such 30-day period, then Manufacturer shall
not be in default hereunder so long as Manufacturer commences cure within such 30-day period and diligently pursues such cure
to completion.

 

(ii) If
Manufacturer ceases to do business as a going concern or ceases to conduct its operations in the normal course of business, becomes
insolvent, a receiver is appointed to the possession of all or substantially all of Manufacturer’s property, Manufacturer
makes a general assignment for the benefit of creditors or files a voluntary petition in bankruptcy, or Manufacturer is the subject
of an involuntary petition in bankruptcy and such involuntary petition is not dismissed within one hundred twenty (120) days of
filing.

 

(iii) If
Smoky purchases all then existing materials, inventory and accounts receivables.

 

(d) Following
any termination, (i) Manufacturer shall have the right to sell Products to the extent of existing inventory, (ii) Smoky shall
reimburse Manufacturer for Manufacturer’s actual cost for any Products delivered to Smoky, and (iii) Smoky shall reimburse
Manufacturer for Manufacturer’s actual cost for any unused raw materials or ingredients ordered specifically for Products,
to the extent that such raw materials or ingredients are not otherwise used by Manufacturer in its operations. The conveyance
of Shares will not be reversed upon termination of this Agreement, provided, however, that in the event Smoky terminates this
Agreement for cause under Section 6(c)(i) above within six (6) months after the date hereof, said Shares shall remain restricted
and not transferable unless and until the Agreement is reinstated.

 

7.
Confidentiality.

 

(a) “Confidential
Information” means this Agreement and all confidential or otherwise proprietary business and technical
information relating to the Parties and their respective businesses, including, without limitation, ideas, know-how, trade
secrets, production, manufacturing and sales techniques, financial statements and data, recipes and formulas, sources of
supply, advertising, actual and prospective customers, pricing, costing, and accounting procedures. Confidential Information
does not include information that is in the public domain at the time of disclosure by the disclosing Party; that enters the
public domain after disclosure by the disclosing Party through no fault of the receiving Party; that was or is separately
disclosed to the receiving Party by a third party not itself subject to an obligation of confidentiality to the disclosing
Party with respect to such information; or that was in the receiving Party’s possession at the time of disclosure by
the disclosing Party.

 

    	Business Development Agreement	Page 4

    	 

    

  

(b)Each
Party agrees to maintain the Confidential Information in strict confidence and, except to the extent expressly permitted in this
Agreement or otherwise consented to in writing by the other Party, that the Confidential Information will not be disclosed by
it or its “Representatives” (defined to include affiliates, directors, shareholders,
officers, employees, agents, subcontractors, consultants, members, managers, advisors, or other representatives including
legal counsel, accountants and, in the case of Smoky, its Distributors) to any “Person” (defined to include individuals,
partnerships, companies, limited liability companies, entities, corporations, or agents thereof) except with the specific
prior written consent of the other.

 

(c)Both
Parties agree that during the term of this Agreement and for a period of one (1) year after the termination hereof, unless otherwise
agreed by the Parties, that each party and its employees and agents shall not contact, solicit, seek or in any way enter into
an employment relationship with any employee of the other party as of the date of termination.

 

8.
Miscellaneous.

 

(a)Relationship
of Parties. Manufacturer and Smoky are independent contractors for the purpose of this Agreement. Neither the execution,
delivery nor performance of this Agreement will be construed to constitute either party as an agent or representative of the other
for any purpose. Neither the execution, delivery nor performance of this Agreement will be deemed to establish a joint venture
or partnership between the Parties. Except as otherwise provided herein, neither Party has the authority to (i) bind the other
Party by or to any contract, representation, understanding, act or deed, (ii) represent that either Party is an agent of the other
Party, or (iii) represent that either Party is responsible for the acts or omissions of the other Party.

 

(b)Impossibility.
The Parties shall not be responsible for any failure to perform due to unforeseen circumstances or causes beyond their reasonable
control, including but not limited to acts of God, war, riot, embargoes, acts of civil or military authorities, fires, floods,
accidents, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials. In the event of any such delay,
the Parties may defer performance hereunder for a period equal to the time of such delay.

 

(c)Severability.
If any provision of this Agreement shall be prohibited or unenforceable by any applicable law, the provision shall be ineffective
only to the extent and for the duration of the prohibition or unenforceability, without invalidating any of the remaining provisions.

 

(d)Waiver.
The temporary, limited, or specific waiver of any term, provision, or condition of this Agreement or a breach thereof will not
be considered a waiver of any other term, provision, or condition, or of any subsequent breach of the same term, provision, or
condition.

 

    	Business Development Agreement	Page 5

    	 

    

 

(e)Entire
Agreement. This Agreement embodies the entire understanding of the Parties and shall supersede all previous communications,
representations or understandings either oral or written between the Parties relating to the subject matter hereof.

 

(f)Assignability.
This Agreement shall be binding upon and be for the benefit of the Parties and their legal representatives, successors, and assigns.
Neither party may assign this Agreement without the prior written consent of the other.

 

(g)Choice
of Laws. This Agreement shall be interpreted and construed in accordance with the laws of the state of Iowa, without
giving effect to choice of law rules. The Parties consent to jurisdiction and venue in the state and federal courts located in
Polk County, Iowa.

 

(h)Notice.
All notices shall be made in writing and may be given by personal delivery, via overnight courier requiring a signature for delivery,
or by certified or registered mail, return receipt requested. Bills and payments may be made by regular mail. Notices, bills and
payments sent by mail should be addressed as follows:

 

	To
    Manufacturer:	Mary
    Ann’s Specialty Foods, Inc.
	 	1511
    East 2nd Street
	 	P.O.
    Box 696
	 	Webster
    City, IA 50595
	 	Attention:
    William Korleski
	 	 
	To
    Smoky:	Smoky
    Market Foods, Inc.
	 	1511
    East 2nd Street
	 	P.O.
    Box 696
	 	Webster
    City, LA 50595
	 	Attn:
    Ed Feintech

 

and
when so addressed shall be deemed given 5 days after deposited in the U.S. mail, first class, postage prepaid, and postmarked.
In all other instances notices, bills, and payments shall be deemed given at the time of actual delivery. Changes may be made
in the names and addresses of the person to whom notices, bills, and payments are to be given by giving notice pursuant to this
section.

 

(i)
Construction. Section headings are included for convenience, but shall not
form a part of the Agreement or affect the interpretation of any part hereof. The word “including” is used in this
Agreement in a non-exclusive sense and, unless otherwise expressly set forth, shall be interpreted as being illustrative and not
limiting.

 

(j)
Expenses. Each party shall bear its own expenses.

 

(k)
Signatures. This Agreement may be signed in counterparts. A fax transmission
of a signature page will be considered an original signature page. At the request of a party, the other party will confirm a fax-transmitted
signature page by delivering an original signature page to the requesting party.

  

(1)
Amendment. This Agreement may be amended only by a written document signed
by the party against whom enforcement is sought.

 

[Signature
Page Follows]

 

    	Business Development Agreement	Page 6

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Business Development Agreement and License on the date first written above.

 

	 	SMOKY MARKET FOODS, INC.
	 	 
	 	By:	/s/
    Edward C. Feintech
	 	 	Edward
    C. Feintech, Chairman & CEO
	 	 	 
	 	MARY ANN’S SPECIALTY FOODS, INC.
	 	 	 
	 	By:	/s/
    William Korleski
	 	 	William
    Korleski, President

 

    	Business Development Agreement	Page 7EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (hereinafter referred to as the “Amendment”) is dated as of
July 14, 2014, by and among EXCO RESOURCES, INC. (“Borrower”), CERTAIN SUBSIDIARIES OF BORROWER, as Guarantors (the “Guarantors”), the LENDERS party hereto (the “Lenders”), and JPMORGAN CHASE
BANK, N.A., as Administrative Agent (“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 amended herein (as defined below). 
 WITNESSETH: 

WHEREAS, Borrower, the Guarantors, Administrative Agent and the Lenders have entered into that certain Amended and Restated Credit
Agreement dated as of July 31, 2013 (as the same has been and may hereafter be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and 

WHEREAS, Administrative Agent, the Lenders, Borrower and the Guarantors desire to amend the Credit Agreement as provided herein upon
the terms and conditions set forth herein. 
 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, Borrower, the Guarantors, 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 2 hereof, 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 Additional Definitions. The following cross references to definitions contained in the Credit Agreement shall be added to
Section 1.01 of the Credit Agreement in alphabetical order: 
 “Anti-Corruption Laws” means all
laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Impacted Interest Period” has the meaning assigned to it in the definition of “LIBO Rate”.

 “Interpolated Rate” means, at any time, for any Interest Period, the rate per annum (rounded to
four decimal places) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate
for the longest period (for which the LIBO Screen Rate is available) that is shorter than the Impacted Interest Period and (b) the LIBO Screen Rate for the shortest period (for which the LIBO Screen Rate is available) that exceeds the Impacted
Interest Period, in each case, at such time. 

  
 Second Amendment to Amended and Restated
Credit Agreement – Page 1 

 “LIBO Screen Rate” has the meaning assigned to such term in
the definition of “LIBO Rate”. 
 “Sanctions” means general trade, economic or financial
restrictions, sanctions or embargoes imposed, administered or enforced from time to time by the government of the United States of America, including OFAC, the United Nations Security Council, or the European Union, each as amended, supplemented or
substituted from time to time. 
 “Sanctioned Country” means, at any time, a country or territory
which is itself the subject or target of any Sanctions (at the time of this Agreement, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of
designated Persons maintained by OFAC or the U.S. Department of State, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons. 

1.2 Amended Definition. The following definition in Section 1.01 of the Credit Agreement shall be and it hereby is amended
and restated in its entirety to read follows: 
 “LIBO Rate” means, with respect to any Eurodollar
Borrowing for any Interest Period, the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars) for a period equal in length to such
Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such
rate, or on the appropriate page of such other information service that publishes such rate from time to time as shall be selected by the Administrative Agent in its reasonable discretion (in each case the “LIBO Screen Rate”) at
approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this
Agreement; provided further that, if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”), then the LIBO Rate shall be the Interpolated Rate; provided that, if any Interpolated
Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. Notwithstanding the above, to the extent that “LIBO Rate” or “Adjusted LIBO Rate” is used in connection with an ABR Borrowing,
such rate shall be determined as modified by the definition of Alternate Base Rate. 

  
 Second Amendment to Amended and Restated
Credit Agreement – Page 2 

 1.3 Anti-Corruption Laws and Sanctions. Section 4.21 of the Credit Agreement
shall be and it hereby is amended and restated in its entirety to read as follows: 
 Section 4.21.
Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with
Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of the Borrower its directors and agents, are in compliance with Anti-Corruption Laws and applicable
Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in Borrower being designated as a Sanctioned Person. None of (a) the Borrower, any Subsidiary or to the knowledge of
the Borrower or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the
credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions. 

1.4 Compliance with Laws. Section 6.08 of the Credit Agreement shall be and it hereby is amended by adding the following to
the end of such Section: 
 The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the
Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

1.5 Restricted Payments. Clause (d)(ii) of Section 7.06 of the Credit Agreement shall be and it hereby is amended and
restated in its entirety to read as follows: 
 (ii) the aggregate amount of such cash dividends declared and paid in any period of four
consecutive fiscal quarters shall not exceed $75,000,000, 
 1.6 Use of Proceeds. The following shall be and it hereby is
added to the end of Article VII of the Credit Agreement as the new Section 7.14: 
 Section 7.14. Use of
Proceeds. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds
of any Borrowing or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for
the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (c) in any manner that would result in the violation of any Sanctions applicable to any
party hereto.  

  
 Second Amendment to Amended and Restated
Credit Agreement – Page 3 

 SECTION 2. Conditions. The amendments to the Credit Agreement contained in
Section 1 of this Amendment, shall be effective upon the satisfaction of each of the conditions set forth in this Section 2. 

2.1 Execution and Delivery. Each Credit Party, the Lenders (or at least the required percentage thereof) and Administrative Agent
shall have executed and delivered this Amendment. 
 2.2 No Default. No Default or Event of Default shall have occurred and be
continuing or shall result after giving effect to this Amendment. 
 2.3 Other Documents. Administrative Agent shall have
received such other instruments and documents incidental and appropriate to the transactions provided for herein as Administrative Agent or its special counsel may reasonably request, and all such documents shall be in form and substance
satisfactory to Administrative Agent. 
 SECTION 3. Representations and Warranties of Borrower. To induce the Lenders to enter into
this Amendment, each Credit Party hereby represents and warrants to the Lenders as follows: 
 3.1 Reaffirmation of Representations
and Warranties/Further Assurances. After giving effect to the amendments herein, each representation and warranty of such Credit Party contained in the Credit Agreement or in any other Loan Document is true and correct in all material respects
on the date hereof (except to the extent such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such date and any
representation or warranty which is qualified by reference to “materiality” or “Material Adverse Effect” is true and correct in all respects). 

3.2 Corporate Authority; No Conflicts. The execution, delivery and performance by such Credit Party of this Amendment and all
documents, instruments and agreements contemplated herein are within such Credit Party’s corporate or other organizational powers, have been duly authorized by all necessary action, require no action by or in respect of, or filing with, any
court or agency of government and do not violate or constitute a default under any provision of any applicable law or other agreements binding upon such Credit Party or result in the creation or imposition of any Lien upon any of the assets of such
Credit Party except for Liens permitted under Section 7.02 of the Credit Agreement. 
 3.3 Enforceability. This
Amendment has been duly executed and delivered by each Credit Party and constitutes the valid and binding obligation of such Credit 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. 

3.4 No Default. As of the date of this Amendment, both before and immediately after giving effect to this Amendment, no Default
or Event of Default has occurred and is continuing. 

  
 Second Amendment to Amended and Restated
Credit Agreement – Page 4 

 SECTION 4. Miscellaneous. 

4.1 Reaffirmation of Loan Documents and Liens. Except as amended and modified hereby, any and all of the terms and provisions of
the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby in all respects ratified and confirmed by each Credit Party. Each Credit Party hereby agrees that the amendments and modifications herein
contained shall in no manner affect or impair the liabilities, duties and obligations of any Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof. 

4.2 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. 
 4.3 Legal Expenses. Each Credit Party hereby agrees to pay all
reasonable fees and expenses of special counsel to Administrative Agent incurred by Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and all related documents. 

4.4 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. 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. 
 4.5 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. 

4.6 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. 
 4.7
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. 

4.8 Governing Law. This Amendment shall be construed in accordance with and governed by the laws of the State of New York. 

  
 Second Amendment to Amended and Restated
Credit Agreement – Page 5 

 4.9 Reference to and Effect on the Loan Documents. 

(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
Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
 [SIGNATURE
PAGES FOLLOW] 

  
 Second Amendment to Amended and Restated
Credit Agreement – Page 6 

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

					
	BORROWER:
	
	EXCO RESOURCES, INC.
		
	By: 	 	 /s/ Mark F. Mulhern

	Name:	 	Mark F. Mulhern
	Title:	 	Executive Vice President and Chief
		 	Financial Officer
	
	GUARANTORS:
	
	EXCO HOLDING (PA), INC.
	EXCO PRODUCTION COMPANY (PA), LLC
	EXCO PRODUCTION COMPANY (WV), LLC
	EXCO RESOURCES (XA), LLC
	EXCO SERVICES, INC.
	EXCO MIDCONTINENT MLP, LLC
	EXCO PARTNERS GP, LLC
	EXCO PARTNERS OLP GP, LLC
	EXCO HOLDING MLP, INC.
	EXCO EQUIPMENT LEASING, LLC
		
	By:	 	 /s/ Mark F. Mulhern

	Name:	 	Mark F. Mulhern
	Title:	 	Executive Vice President and Chief
		 	Financial Officer
	
	EXCO OPERATING COMPANY, LP
		
	By:	 	EXCO Partners OLP GP, LLC,
		 	its general partner
			
		 	By: 	 	 /s/ Mark F. Mulhern

		 	 Name:
	 	Mark F. Mulhern
		 	 Title:
	 	Executive Vice President and Chief
		 		 	Financial Officer

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
					
	EXCO GP PARTNERS OLD, LP
		
	By:	 	EXCO Partners GP, LLC,
		 	its general partner
			
		 	By: 	 	 /s/ Mark F. Mulhern

		 	Name: Mark F. Mulhern
		 	 Title: Executive Vice President and Chief

		 	 Financial Officer

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

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

and as Administrative Agent and Issuing Bank

		
	By:	 	 /s/ Michael A. Kamauf

	Name: Michael A. Kamauf
	Title: Authorized Officer

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Ronald E. McKaig

	Name: Ronald E. McKaig
	Title: Managing Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ T. Bancroft Mattel

	Name: T. Bancroft Mattel
	Title: Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	BMO HARRIS BANK N.A., as a Lender
		
	By:	 	 /s/ Joseph A. Bliss

	Name: Joseph A. Bliss
	Title: Managing Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	UBS LOAN FINANCE LLC, as a Lender
		
	By:	 	 /s/ Lana Gifas

	Name: Lana Gifas
	Title: Director
		
	By:	 	 /s/ Jennifer Anderson

	Name: Jennifer Anderson
	Title: Associate Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	 CREDIT SUISSE AG, Cayman Islands Branch,

as a Lender

		
	By:	 	 /s/ Nupur Kumar

	Name: Nupur Kumar
	Title: Authorized Signatory
		
	By:	 	 /s/ Michael Spaight

	Name: Michael Spaight
	Title: Authorized Signatory

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	NATIXIS, as a Lender
		
	By:	 	 /s/ Stuart Murray

	Name: Stuart Murray
	Title: Managing Director
		
	By:	 	 /s/ Mary Lou Allen

	Name: Mary Lou Allen
	Title: Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Michael Winters

	Name: Michael Winters
	Title: Vice President
		
	By:	 	 /s/ Peter Cucchiara

	Name: Peter Cucchiara
	Title: Vice President

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ Michelle Latzoni

	Name: Michelle Latzoni
	Title: Authorized Signatory

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	 CAPITAL ONE, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	 /s/ Victor Ponce de León

	Name: Victor Ponce de León
	Title: Vice President

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	CIT FINANCE LLC, as a Lender
		
	By:	 	 /s/ John Feeley

	Name: John Feeley
	Title: Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement 

 
			
	ING CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Juli Bieser

	Name: Juli Bieser
	Title: Director
		
	By:	 	 /s/ Charles Hall

	Name: Charles Hall
	Title: Managing Director

  
 Signature Page to Second Amendment to
Amended and Restated Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00233-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00233-of-00352.parquet"}]]