Document:

Exhibit 10.27

 

AMENDMENT NO. 2

 

TO MASTER SPREAD ACQUISITION AND

MSR SERVICING AGREEMENT

 

Amendment No. 2 to Master Spread Acquisition and MSR Servicing Agreement, dated as of November 14, 2013 (the “Amendment”), by and between PennyMac Loan Services, LLC, a Delaware limited liability company (the “Seller”), and PennyMac Operating Partnership, L.P., a Delaware limited partnership (the “Purchaser”).

 

RECITALS

 

WHEREAS, the Seller and the Purchaser are parties to that certain Master Spread Acquisition and MSR Servicing Agreement, dated as of February 1, 2013 (the “Existing Spread Agreement” and, as amended by this Amendment, the “Spread Agreement”).  Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Spread Agreement.

 

WHEREAS, the Seller and the Purchaser have agreed, subject to the terms and conditions of this Amendment, that the Existing Spread Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Spread Agreement.

 

NOW, THEREFORE, in consideration of the mutual premises and mutual obligations set forth herein, the Seller and the Purchaser hereby agree that the Existing Spread Agreement is hereby amended as follows:

 

SECTION 1.                            Amendments.

 

1.1                               Preamble.  The first paragraph of the Existing Spread Agreement is hereby amended by adding the header “PREAMBLE” and deleting the reference to “(the “Purchaser”), (the “Purchaser”)” and replacing it with the following language:

 

“(“POP”) and/or such Affiliate of POP as may be identified on and that executes a Confirmation (each such entity, as applicable, referred to herein as the “Purchaser”)”

 

1.2                               Section 1.01.  Section 1.01 shall be amended as follows:

 

(a)                                 by deleting the first paragraph thereof in its entirety and replacing it with the following language:

 

“Definitions.  For purposes of this Agreement (which, for the avoidance of doubt, shall include the Preamble and Recitals hereto), the following capitalized terms, unless the context otherwise requires, shall have the respective meanings set forth below:”

 

1

 

(b)                                 by deleting the definition of “Primary Portfolio Spread Custodial Account” in its entirety and replacing it as follows:

 

““Primary Portfolio Spread Custodial Account” means, with respect to each Primary Portfolio, the account established under Section 5.01, which shall be entitled “PennyMac Loan Services, LLC, as Seller, on behalf of [PennyMac Operating Partnership, L.P.][Affiliate], Primary Portfolio Collection Account”, and into which account all Primary Portfolio Collections and Primary Portfolio Termination Payments in respect of such Primary Portfolio shall be deposited.”

 

(c)                                  by deleting the definition of “Secondary Portfolio Spread Custodial Account” in its entirety and replacing it as follows:

 

““Secondary Portfolio Spread Custodial Account” means, with respect to each Secondary Portfolio, the account established under Section 6.01, which shall be entitled “PennyMac Loan Services, LLC, as Seller, on behalf of [PennyMac Operating Partnership, L.P.][Affiliate], Secondary Portfolio Collection Account”, and into which account all Secondary Portfolio Collections and Secondary Portfolio Termination Payments in respect of such Secondary Portfolio shall be deposited.”

 

1.3                               Exhibit A.  Exhibit A of the Existing Spread Agreement is hereby amended by deleting it in its entirety and replacing it with the form attached hereto as Exhibit A.

 

1.4                               Exhibit B.  Exhibit B of the Existing Spread Agreement is hereby amended by deleting it in its entirety and replacing it with the form attached hereto as Exhibit B.

 

1.5                               Exhibit C.                                          Exhibit C of the Existing Spread Agreement is hereby amended by deleting paragraph (a) thereof in its entirety and replacing it with the following language:

 

“(a) Due Organization and Good Standing.  The Purchaser is duly organized, validly existing and in good standing under the laws of the state of its organization and has the power and authority to own its assets and to transact the business in which it is currently engaged.”

 

SECTION 2.                            Conditions Precedent.  This Amendment shall become effective as of the date first set forth above (the “Amendment Effective Date”), subject to the satisfaction of the following conditions precedent:

 

2.1                               Delivered Documents.  On the Amendment Effective Date, each party shall have received the following documents, each of which shall be satisfactory to such party in form and substance:

 

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(a)                                 this Amendment, executed and delivered by duly authorized officers of the Seller and the Purchaser; and

 

(b)                                 such other documents as such party or counsel to such party may reasonably request.

 

SECTION 3.                            Representations and Warranties. Each party represents that it is in compliance in all material respects with all the terms and provisions set forth in the Existing Spread Agreement on its part to be observed or performed.

 

SECTION 4.                            Limited Effect.  Except as expressly amended and modified by this Amendment, the Existing Spread Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms.

 

SECTION 5.                            GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

 

SECTION 6.                            Counterparts.  This Amendment may be executed in one or more counterparts and by different parties hereto on separate counterparts, each of which, when so executed, shall constitute one and the same agreement.

 

SECTION 7.                            Conflicts.  The parties hereto agree that in the event there is any conflict between the terms of this Amendment, and the terms of the Existing Spread Agreement, the provisions of this Amendment shall control.

 

[SIGNATURE PAGE FOLLOWS]

 

3

 

IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.

 

 

	
The   Seller:
    	
PENNYMAC   LOAN SERVICES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Anne D. McCallion
    
	
 
    	
 
    	
Name:
    	
Anne   D. McCallion
    
	
 
    	
 
    	
Title:
    	
Vice   President, Finance
    
	
 
    	
 
    
	
 
    	
 
    
	
The   Purchaser:
    	
PENNYMAC   OPERATING PARTNERSHIP, L.P.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
PennyMac   GP OP, Inc.,
    
	
 
    	
 
    	
its General Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrew S. Chang
    
	
 
    	
 
    	
Name:
    	
Andrew   S. Chang
    
	
 
    	
 
    	
Title:
    	
Chief   Business Development Officer
    

 

 

EXHIBIT A

 

(Form of Confirmation)

 

CONFIRMATION

 

OF SPREAD ACQUISITION TRANSACTION UNDER

MASTER SPREAD ACQUISITION AND MSR SERVICING AGREEMENT

 

	
PARTIES:
    	
 
    	
PennyMac   Loan Services, LLC (Seller)
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
[PennyMac Operating Partnership, L.P.][Affiliate] (Purchaser)
    
	
 
    	
 
    	
 
    
	
DATE:
    	
 
    	
                       ,           
    
	
 
    	
 
    	
 
    
	
RE:
    	
 
    	
Spread   Acquisition — Pool No. [      ]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
					

 

The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into between PennyMac Loan Services, LLC and [PennyMac Operating Partnership, L.P.][Affiliate] on the Transaction Settlement Date specified below.  This letter agreement is a “Confirmation” as described in the Master Spread Acquisition and MSR Servicing Agreement specified in paragraph 1 below .

 

The definitions and provisions contained in the Master Agreement are incorporated into this Confirmation.  In the event of any inconsistency between the Master Agreement and this Confirmation, this Confirmation will govern.  Capitalized terms used herein and not otherwise defined have the meanings set forth in the Master Agreement.

 

This Confirmation supplements, forms part of and is subject to the Master Spread Acquisition and MSR Servicing Agreement dated as of                       , 2013, between PennyMac Loan Services, LLC, as seller, and [PennyMac Operating Partnership, L.P.][Affiliate], as purchaser, as amended and supplemented from time to time (the “Master Agreement”).  All provisions contained in the Master Agreement govern this Confirmation except as expressly modified below.

 

A-1

 

The terms of the Transaction to which this Confirmation relates are as follows:

 

	
Primary   Portfolio:
    	
 
    	
As   set forth in Schedule I hereto.
    
	
Transaction   Settlement Date:
    	
 
    	
                            ,   20        .
    
	
Transaction Base Servicing Fee   Rate:
    	
 
    	
[        ]   basis points (per annum)
    
	
Transaction   Remittance Date:
    	
 
    	
[    ]th   day of each month
    
	
Transaction Purchase Price   Percentage:
    	
 
    	
                             %
    
	
Transaction Excess Spread   Percentage:
    	
 
    	
                             %
    
	
Transaction Asset Purchase   Agreement:
    	
 
    	
 
    
	
Transaction Threshold   Percentage:
    	
 
    	
[      %]
    
	
Allowed   Retention Percentage:
    	
 
    	
As set forth opposite the applicable Excess   Refinancing Percentage in the table set forth below.
    
	
Cut-off   Date Other:
    	
 
    	
                           ,   20        .
    
	
 
    	
 
    	
In the event Seller, whether voluntarily or   involuntarily, transfers the Servicing Rights related to the Mortgage Loans   in any Primary Portfolio or Secondary Portfolio and receives any termination   fee or other compensation or proceeds in connection with such transfer (the “Transfer   Proceeds”), Seller shall remit to Purchaser an amount equal to the   product of (a) such Transfer Proceeds, multiplied by (b) a   fraction, the numerator of which is the Transaction Purchase Price allocable   to the Primary Portfolio Excess Spread relating to such Servicing Rights and   the denominator of which is the actual purchase price paid by the Seller for   such Servicing Rights.
    

 

A-2

 

Table of Allowed Retention Percentage

 

	
Range of Excess Refinancing
   Percentages
    	
 
    	
Allowed
   Retention
   Percentage
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    

 

A-3

 

Accepted and confirmed as of the date first written above:

 

 

	
 
    	
PENNYMAC   LOAN SERVICES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[PENNYMAC   OPERATING PARTNERSHIP,
   L.P.][AFFILIATE]
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

 

SCHEDULE I

TO CONFIRMATION DATED                     , 20

UNDER THE MASTER SPREAD ACQUISITION AND

MSR SERVICING AGREEMENT DATED AS OF                 , 2013

 

 

EXHIBIT B

 

(Form of Assignment)

 

PennyMac Loan Services, LLC (the “Transferor”), hereby assigns, conveys and otherwise transfers to [PennyMac Operating Partnership, L.P.][Affiliate] (the “Transferee”) all of the Transferor’s right, title and interest in, to and under the [Primary][Secondary] Portfolio Excess Spread for the residential mortgage loans set forth in Annex A attached hereto.  Capitalized terms used and not defined in this instrument have the meanings assigned to them in the Master Spread Acquisition and MSR Servicing Agreement dated as of               , 2013, between the Transferor and the Transferor, as supplemented and amended by the Confirmation dated           , between such parties.

 

If the conveyance of such [Primary][Secondary] Portfolio Excess Spread is characterized by a court or governmental authority as security for a loan rather than an absolute transfer or sale, the Transferor will be deemed to have granted to the Transferee, and the Transferor hereby grants to the Transferee, a security interest in all of its right, title and interest in, to and under whether now existing or in the future arising or acquired, all Primary Portfolio Collections, Secondary Portfolio Collections, the Primary Portfolio Spread Custodial Account, and the Secondary Portfolio Spread Custodial Account and all proceeds thereof as security for a loan in an amount equal to the value of such [Primary][Secondary] Excess Spread.

 

	
 
    	
PENNYMAC   LOAN SERVICES, LLC
    
	
 
    	
(Transferor)
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

B-1Exhibit 10.19

 

BORROWING BASE INCREASE AGREEMENT

 

This BORROWING BASE INCREASE AGREEMENT (this “Agreement”) dated as of December 18, 2013 (the “Effective Date”), is among Jones Energy Holdings, LLC, a Delaware limited liability company (the “Borrower”), the undersigned subsidiaries of the Borrower as guarantors (the “Guarantors”), the Lenders (as defined below) and Wells Fargo Bank, N.A. (“Wells Fargo”), in its capacity as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).

 

RECITALS

 

A.                                    The Borrower is party to that certain Credit Agreement dated as of December 31, 2009 among the Borrower, the financial institutions party thereto from time to time as lenders (the “Lenders”) and the Administrative Agent, as heretofore amended (as so amended, the “Credit Agreement”).

 

B.                                    The parties hereto wish to increase the Borrowing Base (as defined in the Credit Agreement) as set forth herein.

 

NOW THEREFORE, in consideration of the premises and the mutual covenants, representations and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section 1.                                          Defined Terms.  As used in this Agreement, each of the terms defined in the opening paragraph and the Recitals above shall have the meanings assigned to such terms therein.  Unless otherwise specifically defined herein, each term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Credit Agreement.

 

Section 2.                                          Other Definitional Provisions.  Article, Section, Schedule, and Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Agreement, unless otherwise specified.  The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.  The term “including” means “including, without limitation,”.  Paragraph headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement.

 

Section 3.                                          Increase in the Borrowing Base.  Subject to the terms of this Agreement, as of the Effective Date, the Borrowing Base shall be increased from $500,000,000 to $575,000,000 and such Borrowing Base shall remain in effect at that level until the effective date of the next Borrowing Base redetermination made in accordance with the terms of the Credit Agreement.  The parties hereto acknowledge and agree that the Borrowing Base redetermination set forth in this Section 3 shall be deemed to be the Scheduled Redetermination scheduled for August 1, 2013 as provided in Section 2.07 of the Credit Agreement.  Each Lender’s Applicable

 

 

Percentage of the resulting Borrowing Base, after giving effect to the increase in the Borrowing Base set forth in this Section 3, is set forth in Annex A attached hereto.

 

Section 4.                                          Credit Parties Representations and Warranties.  Each Credit Party represents and warrants that: (a) after giving effect to this Agreement, the representations and warranties of the Borrower and the Guarantors contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any such representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date as if made on as and as of such date except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case such representation or warranty is true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date; (b) after giving effect to this Agreement, no Event of Default has occurred and is continuing; (c) the execution, delivery and performance of this Agreement are within the limited liability company power and authority of such Credit Party and have been duly authorized by appropriate limited liability company action and proceedings; (d) this Agreement constitutes the legal, valid, and binding obligation of such Credit Party enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally and general principles of equity; (e) there are no governmental or other third party consents, licenses and approvals required in connection with the execution, delivery, performance, validity and enforceability of this Agreement; and (f) the Liens under the Security Instruments are valid and subsisting and secure the Indebtedness (as such Indebtedness may be increased as a result of the transactions contemplated hereby).

 

Section 5.                                          Conditions to Effectiveness.  This Agreement shall become effective on the Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions precedent:

 

(a)                                 The Administrative Agent shall have received:

 

(i)                                     multiple original counterparts, as requested by the Administrative Agent, of this Agreement duly and validly executed and delivered by duly authorized officers of the Borrower, the Guarantors, the Administrative Agent, and the Lenders;

 

(ii)                                  a certificate, dated as of the Effective Date, duly executed and delivered by the Borrower’s and each Guarantor’s authorized officer as to (A) no change in the officers’ incumbency delivered in connection with the closing of Waiver, Agreement and Amendment No. 7 to Credit Agreement and Amendment to Guarantee and Collateral Agreement dated as of June 12, 2013 (“Amendment No. 7”), among the Credit Parties, the Administrative Agent and certain of the Lenders, which amended the Credit Agreement, (B) no change in authorizing resolutions delivered in connection with the closing of Amendment No. 7, and (C) no change in organizational documents delivered in connection with the closing of Amendment No. 7 or, if any such changes have occurred, attaching new incumbency certificates, authorizing resolutions and/or organizational documents, as they case may be; and

 

2

 

(iii)                               executed and notarized new mortgages or deeds of trust or supplements to existing mortgages or deeds of trust covering additional Oil and Gas Properties of the Borrower and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent, to the extent necessary to cause the Administrative Agent to have a first priority, perfected Lien (subject only to Liens permitted under Section 9.03 of the Credit Agreement) on at least 80% of the Engineered Value of the Oil and Gas Properties evaluated in the Reserve Reports most recently delivered to the Administrative Agent.

 

(b)                                 The representations and warranties in this Agreement shall be true and correct in all material respects.

 

(c)                                  The Borrower shall have paid the fee required under Section 6(e) below.

 

Section 6.                                          Acknowledgments and Agreements.

 

(a)                                 The Borrower acknowledges that on the date hereof all outstanding Indebtedness is payable in accordance with its terms and the Borrower waives any defense, offset, counterclaim or recoupment with respect thereto.

 

(b)                                 The Administrative Agent, the Issuing Bank, and the Lenders hereby expressly reserve all of their rights, remedies, and claims under the Loan Documents.  This Agreement shall not constitute a waiver or relinquishment of (i) any Default or Event of Default under any of the Loan Documents, (ii) any of the agreements, terms or conditions contained in any of the Loan Documents, (iii) any rights or remedies of the Administrative Agent, the Issuing Bank, or any Lender with respect to the Loan Documents, or (iv) the rights of the Administrative Agent, the Issuing Bank, or any Lender to collect the full amounts owing to them under the Loan Documents.

 

(c)                                  The Borrower, each Guarantor, the Administrative Agent, the Issuing Bank and each Lender do hereby adopt, ratify, and confirm the Credit Agreement and acknowledge and agree that the Credit Agreement is and remains in full force and effect, and the Borrower and each Guarantor acknowledge and agree that their respective liabilities and obligations under the Credit Agreement, the Guarantee and Collateral Agreement, and the other Loan Documents are not impaired in any respect by this Agreement.

 

(d)                                 This Agreement is a Loan Document for the purposes of the provisions of the other Loan Documents.

 

(e)                                  The Borrower hereby agrees to pay a Borrowing Base increase fee for the ratable account of the Lenders equal to 0.40% of the increase in the Borrowing Base effected under Section 3 above.  Such increase fee is (i) due and payable on the Effective Date, (ii) deemed fully earned upon becoming due and payable, (iii) not refundable upon payment thereof, and (iv) in addition to, and not in lieu of, any other fees as the Borrower may have agreed to pay under the Loan Documents.

 

Section 7.                                          Reaffirmation of the Guaranty.  Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under the Guarantee and Collateral Agreement are in full force and effect and that such Guarantor continues to unconditionally and

 

3

 

irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, of all of the Obligations (as defined in the Guarantee and Collateral Agreement), as such Obligations may have been amended by this Agreement, and its execution and delivery of this Agreement does not indicate or establish an approval or consent requirement by such Guarantor under the Guarantee and Collateral Agreement in connection with the execution and delivery of amendments, consents or waivers to the Credit Agreement, the Notes or any of the other Loan Documents.

 

Section 8.                                          Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original and all of which, taken together, constitute a single instrument.  This Agreement may be executed by facsimile or PDF electronic mail signature, and all such signatures shall be effective as originals.

 

Section 9.                                          Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Credit Agreement.

 

Section 10.                                   Invalidity.  In the event that any one or more of the provisions contained in this Agreement shall for any reason be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement.

 

Section 11.                                   Governing Law.  This Agreement shall be deemed to be a contract made under and shall be governed by and construed in accordance with the laws of the State of Texas.

 

Section 12.                                   Entire Agreement. THIS AGREEMENT, THE CREDIT AGREEMENT AS AMENDED BY THIS AGREEMENT, THE NOTES, AND THE OTHER LOAN DOCUMENTS CONSTITUTE THE ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.

 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

 

[SIGNATURES BEGIN ON NEXT PAGE]

 

4

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized as of the day and year first above written.

 

	
BORROWER:
    	
JONES ENERGY HOLDINGS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Michael McConnell
    
	
 
    	
 
    	
Michael McConnell
    
	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
GUARANTORS:
    	
JONES ENERGY, LLC
    
	
 
    	
NOSLEY ASSETS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Each by: 
    	
/s/ Michael McConnell
    
	
 
    	
 
    	
Michael McConnell
    
	
 
    	
 
    	
President
    
				

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
ADMINISTRATIVE AGENT/
    	
 
    
	
LENDER:
    	
 
    
	
 
    	
WELLS FARGO BANK, N.A.,
    
	
 
    	
as the Administrative Agent, a Lender and an   Assignor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Paul Squires
    
	
 
    	
 
    	
Paul Squires
    
	
 
    	
 
    	
Managing Director
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
CAPITAL ONE, NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Nancy Mak
    
	
 
    	
Name: 
    	
Nancy Mak
    
	
 
    	
Title: 
    	
Senior Vice President
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
UNION BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Haylee Dallas
    
	
 
    	
Name: 
    	
Haylee Dallas
    
	
 
    	
Title: 
    	
Vice President
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
CREDIT AGRICOLE CORPORATE AND
    
	
 
    	
INVESTMENT BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Michael D. Willis
    
	
 
    	
Name:
    	
Michael   D. Willis
    
	
 
    	
Title: 
    	
Managing Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Dennis E. Petito
    
	
 
    	
Name:
    	
Dennis   E. Petito
    
	
 
    	
Title: 
    	
Managing Director
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
JPMORGAN CHASE BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Ryan Aman
    
	
 
    	
Name: 
    	
Ryan Aman
    
	
 
    	
Title: 
    	
Authorized Officer
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
TORONTO DOMINION (NEW YORK) LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Debbi L. Brito
    
	
 
    	
Name:
    	
Debbi L. Brito
    
	
 
    	
Title: 
    	
Authorized Signatory
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
COMERICA BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ William Robinson
    
	
 
    	
Name:
    	
William Robinson
    
	
 
    	
Title: 
    	
Vice President
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

	
LENDER:
    	
SUNTRUST BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Shannon Juhan
    
	
 
    	
Name:
    	
Shannon Juhan
    
	
 
    	
Title: 
    	
Vice President
    

 

Signature Page to

Borrowing Base Increase Agreement

(Jones Energy Holdings, LLC)

 

 

ANNEX A

BORROWING BASE AS OF DECEMBER 18, 2013*

 

	
Name of Lender
    	
 
    	
Applicable 
   Percentage
    	
 
    	
Applicable Percentage of the 
   Borrowing Base
    	
 
    
	
Wells Fargo Bank, N.A.
    	
 
    	
19.38776
    	
%
    	
$
    	
111,479,591.84
    	
 
    
	
Union Bank, N.A.
    	
 
    	
13.26531
    	
%
    	
$
    	
76,275,510.20
    	
 
    
	
Credit Agricole Corporate   and Investment Bank
    	
 
    	
13.26531
    	
%
    	
$
    	
76,275,510.20
    	
 
    
	
Capital One, National   Association
    	
 
    	
13.26531
    	
%
    	
$
    	
76,275,510.20
    	
 
    
	
JPMorgan Chase Bank, N.A.
    	
 
    	
13.26531
    	
%
    	
$
    	
76,275,510.20
    	
 
    
	
Toronto Dominion (New   York) LLC
    	
 
    	
9.18367
    	
%
    	
$
    	
52,806,122.45
    	
 
    
	
Comerica Bank
    	
 
    	
9.18367
    	
%
    	
$
    	
52,806,122.45
    	
 
    
	
SunTrust Bank
    	
 
    	
9.18367
    	
%
    	
$
    	
52,806,122.45
    	
 
    
	
TOTAL
    	
 
    	
100.000000000
    	
%
    	
$
    	
575,000,000.00
    	
 
    

 

*Borrowing Base is subject to redetermination pursuant to the terms of the Credit Agreement, as amended.

 

Annex A

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