Document:

First Amendment dated October 29, 2008 to Restated Loan Agreement

 Exhibit 10.4(b) 
 FIRST AMENDMENT TO RESTATED LOAN AGREEMENT 
 This First Amendment to Restated Loan Agreement (this
“Amendment”) dated as of October 29, 2008, is made among GMX RESOURCES INC., an Oklahoma corporation (the “Borrower”), the BANKS (as defined below), CAPITAL ONE, NATIONAL ASSOCIATION, a national banking association, as
administrative agent, arranger and bookrunner, for the Banks (and individually as a Bank), UNION BANK OF CALIFORNIA, N.A., as syndication agent (and individually as a Bank), BNP PARIBAS, as co-documentation agent (and individually as a Bank), and
COMPASS BANK, as co-documentation agent (and individually as a Bank), who agree as follows: 
 RECITALS 
 A. This First Amendment to Restated Loan Agreement pertains to that certain Third Amended and Restated Loan Agreement dated effective as of June 12,
2008, among the Borrower, the Agent and the Banks (the “Loan Agreement”). As used in this Amendment, capitalized terms used herein without definition herein shall have the meanings provided in the Loan Agreement. 
 B. The Borrower, the Agent and the Banks desire to amend the Loan Agreement to reflect the increase in the Borrowing Base, to reflect the addition of
Compass Bank as a co-documentation agent, and to provide for other matters pertinent to the Loan. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the terms and conditions contained herein, and the loans and extensions of credit heretofore, now or hereafter made
to the Borrower by the Banks, the parties hereto hereby agree as follows: 
 ARTICLE 1.  
 AMENDMENT AND AGREEMENT 
 1.1 The
Borrower, the Agent and the Banks hereby agree that, upon the effectiveness of this Amendment, the Borrowing Base on such date shall be one hundred ninety million ($190,000,000.00) dollars, and at this time there is no Periodic Reduction in effect,
all subject to future change in accordance with the terms of the Loan Agreement. 
 1.2 Upon satisfaction of each of the conditions set forth
in paragraph 3.5, this Amendment shall amend and restate Schedule 1 to the Loan Agreement, at which time the Borrower, the Agent and the Banks hereby agree that the Commitment of each Bank shall be as set forth in this attached substitute
Schedule 1. Upon such effectiveness, BNP Paribas shall be deemed to have sold and assigned, without recourse, separately and severally, to Capital One, National Association (as a Bank) and to Compass Bank, each the respective percentage
interest of its Commitment and the outstanding balance of its Loan, and each such assignee Bank shall be deemed to have purchased and assumed, without recourse, from BNP Paribas, such respective percentage of BNP Paribas’ Commitment and portion
of the Loan, such that BNP Paribas’s Commitment is reduced and Capital One, National Association’s and Compass Bank’s respective Commitment each is increased to the respective amount set forth on Schedule 1 attached to this

 
Amendment, in each case on the terms and conditions set forth in Exhibit B (Form of Assignment and Acceptance) to the Loan Agreement. The foregoing
assignments shall be effective on the same terms and conditions as if BNP Paribas, as assignor, and Capital One, National Association (as a Bank), and Compass Bank, respectively, as assignee, had executed such an Assignment and Acceptance to
effectuate the transfers set forth in this paragraph. 
 1.3 The Borrower agrees to promptly execute and deliver to the Agent a Louisiana
Mortgage, granted a first priority mortgage, security interest and assignment of production in all of the Borrower’s interests in various oil and gas properties in the State of Louisiana, together with UCC Financing Statements pertaining
thereto, in form and substance satisfactory to the Agent and Agent’s counsel. 
 1.4 The Borrower, the Agent and the Banks agree to use
their best efforts to execute and deliver by November 12, 2008, a Second Amendment to Loan Agreement (i) to modify the Base Rate interest provisions to address the financial market’s compression between the Prime Rate and the LIBO
Rate, (ii) to modify the covenant pertaining to the Borrower’s Hedging Program to increase the hedging limitation from 80% to 85%, and (iii) to add provisions to address issues that arise if a Bank fails to fund on its Commitment, all
to be on terms mutually agreeable to the Borrower, the Agent and the Banks. 
 1.5 The Borrower shall pay to the Agent (i) for
disbursement solely to Capital One, National Association (as a Bank) and Compass Bank, an upfront commitment / origination fee equal to two and three-quarters percent (2.75%) on the $10,800,000.00 portion of the $50,000,000.00 incremental
increase to the Borrowing Base which is being reallocated to such Banks, being $297,000.00, with $159,500.00 to Capital One (on $5,800,000.00) and $137,500.00 to Compass Bank (on $5,000,000.00), and (ii) for disbursement pro rata to the Banks
(on the basis of each Bank’s share of the remaining incremental increase to the Borrowing Base), an upfront commitment / origination fee equal to one-quarter of one percent (0.25%) on the remaining incremental increased portion of the Borrowing
Base, equal to $98,000.00 (being 0.25% of the remaining incremental increase of $39,200,000.00). To illustrate the foregoing clause (ii), the share of Capital One, National Association of this part of the fee under clause (ii) is $33,500.00 and
Compass Bank’s share under clause (ii) is $18,000.00, and BNP Pariba’s share is zero. 
 1.6 The Loan Agreement is amended to
add Compass Bank as a co-documentation agent. 
 ARTICLE 2. 
 ACKNOWLEDGMENT OF COLLATERAL 
 2.1 The Borrower hereby specifically
reaffirms all of the Collateral Documents. The Borrower hereby confirms and agrees that the Collateral Documents secure the Loan Agreement as amended by this Amendment. 

 ARTICLE 3. 
 MISCELLANEOUS 
 3.1 The Borrower represents and warrants to the Agent and the Banks (which
representations and warranties will survive the execution of this Amendment) that (i) all representations and warranties contained in the Loan Agreement and the Collateral Documents are true and correct on and as of the date hereof as though
made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct on and as of such earlier date,
(ii) no event has occurred and is continuing as of the date hereof which constitutes a Default or Event of Default, (iii) there has not occurred any material adverse change in the Collateral or other assets, liabilities, financial
condition, business operations, affairs or circumstances of the Borrower and the Subsidiaries taken as a whole or any other facts, circumstances or conditions (financial or otherwise) upon which a Bank has relied or utilized in making its decision
to enter into this Amendment, and (iv) there is no defense, offset, compensation, counterclaim or reconventional demand with respect to amounts due under, or performance of, the terms of the Notes and the Loan Agreement. To the extent any such
defense, offset, compensation, counterclaim or reconventional demand or other causes of action by the Borrower against the Agent or any Bank might exist, whether known or unknown, such items are hereby waived by the Borrower. 
 3.2 Except as expressly modified by this Amendment, all terms and provisions of the Loan Agreement are hereby ratified and confirmed and shall be and
shall remain in full force and effect, enforceable in accordance with its terms. 
 3.3 The Borrower agrees to pay on demand all costs and
expenses of the Agent and the Banks in connection with the preparation, reproduction, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder (including the reasonable fees and expenses of counsel
for the Agent). In addition, Borrower shall pay any and all stamp or other taxes, recordation fees and other fees payable in connection with the execution, delivery, filing or recording of this Amendment and the other instruments and documents to be
delivered hereunder and agrees to hold Agent and the Banks harmless from and against any all liabilities with respect to or resulting from any delay or omission in paying such taxes or fees. 
 3.4 This Amendment may be executed in multiple separate counterparts, and it shall not be necessary that the signatures of all parties hereto be
contained on any one counterpart hereof; each party’s signature may appear on a separate counterpart but all such counterpart taken together shall constitute one and the same instrument. The parties specifically confirm their intent to be bound
by delivery of such signed counterparts by telecopier or pdf email. 
 3.5 The provisions of this Amendment shall become effective if and
when, and only when, (i) each and every representation and warranty of Borrower contained in this Amendment is true, complete and accurate, (ii) no event exists which constitutes a Default, (iii) the receipt by the Agent of:

 (w) a duly executed counterpart of this Amendment, 

 (x) duly executed restated Notes issued to Capital One, National Association (as a Bank), BNP Paribas,
and Compass Bank, reflecting the transfer of interests in the Loan described in paragraph 1.2 of this Amendment, 
 (y) a certificate of the
secretary of the Borrower setting forth resolutions of its board of directors in form and substance satisfactory to the Agent and Agent’s counsel with respect to the authorization of this Amendment, and 
 (z) a copy of the fully executed amendment to the Qualified Subordinated Debt and in particular the Intercreditor Agreement which shall amend the defined
term “Senior Indebtedness” to increase each reference to “$185,000,000” to be instead “$200,000,000” in lieu of each occurrence thereof, such amendment to be in form, scope and substance satisfactory to the Agent and
Agent’s counsel, 
 and (iv) the receipt of the fee provided in paragraph 1.5 above. The Borrower hereby certifies by execution of this Amendment
that the foregoing conditions (i) and (ii) are satisfied and true and correct. 
 3.6 Notwithstanding that such consent is not
required under the Guaranty Agreements or the other Collateral Documents, Endeavor and Diamond each consents to the execution and delivery of this Amendment by the parties hereto. As a material inducement to the Agent and the Banks to amend the Loan
Agreement as set forth herein, Endeavor and Diamond each (i) acknowledges and confirms the continuing existence, validity and effectiveness of its respective Guaranty Agreement and each of the other Collateral Documents to which it is a party
and (ii) agrees that the execution, delivery and performance of this Amendment shall not in any way release, diminish, impair, reduce or otherwise affect its obligations thereunder. 
 (Remainder of this Page Intentionally Left Blank; Signature Page Follows) 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by
their proper and duly authorized officers as of the date first above written. 
  

					
	BORROWER:	 	GMX RESOURCES INC.
			
		 	By:	 	 /s/ James A. Merrill

		 	Name:	 	James A. Merrill
		 	Title:	 	Chief Financial Officer and Treasurer
		
	AGENT:	 	CAPITAL ONE, NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Eric Broussard

		 	Name:	 	Eric Broussard
		 	Title:	 	Senior Vice President
		
	BANKS:	 	CAPITAL ONE, NATIONAL ASSOCIATION,
		 	as a Bank
			
		 	By:	 	 /s/ Eric Broussard

		 	Name:	 	Eric Broussard
		 	Title:	 	Senior Vice President
		
		 	BNP PARIBAS
			
		 	By:	 	 /s/ Edward Pak

		 	Name:	 	Edward Pak
		 	Title:	 	Vice President
		
		 	BNP PARIBAS
			
		 	By:	 	 /s/ Courtney Kubesch

		 	Name:	 	Courtney Kubesch
		 	Title:	 	Vice President

 [SIGNATURE PAGE TO FIRST AMENDMENT TO RESTATED LOAN AGREEMENT] 
  

			
	COMPASS BANK
		
	By:	 	 /s/ Kathleen J. Bowen

	Name:	 	Kathleen J. Bowen
	Title:	 	Senior Vice President
	
	FORTIS CAPITAL CORP.
		
	By:	 	 /s/ David Montgomery

	Name:	 	David Montgomery
	Title:	 	Director
		
	By:	 	 /s/ Ilene Fowler

	Name:	 	Ilene Fowler
	Title:	 	Director
	
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	 /s/ Jarrod Bourgeois

	Name:	 	Jarrod Bourgeois
	Title:	 	Vice President

 [SIGNATURE PAGE TO FIRST AMENDMENT TO RESTATED LOAN AGREEMENT] 
 AGREED TO AND ACKNOWLEDGED by the undersigned for the purposes set forth in paragraph 3.6. 
  

			
	ENDEAVOR PIPELINE INC.
		
	By:	 	 /s/ Keith Leffel

	Name:	 	Keith Leffel
	Title:	 	President
	
	DIAMOND BLUE DRILLING CO.
		
	By:	 	 /s/ Richard Q. Hart

	Name:	 	Richard Q. Hart
	Title:	 	President

 SCHEDULE 1 
 Effective October 29, 2008 
 Commitments of the Banks 
  

						
	 Name and Address of Bank
	  	Commitment of Bank
	1.	 	Capital One, National Association	  	$	74,631,578.95
		 	5718 Westheimer, Suite 600	  		
		 	Houston, Texas 77057	  		
		 	Attention: Eric Broussard	  		
		 	Facsimile Number: (713) 435-5106	  		
		 	Telephone Number: (713) 435-5278	  		
			
	2.	 	Union Bank of California, N.A.	  	$	57,000,000.00
		 	500 North Akard, Suite 4200	  		
		 	Dallas, Texas 75201	  		
		 	Attention: Jarrod Bourgeois	  		
		 	Facsimile Number: (214) 922-4209	  		
		 	Telephone Number: (214) 922-4200	  		
			
	3.	 	BNP Paribas	  	$	39,789,473.67
		 	1200 Smith Street, Suite 3100	  		
		 	Houston, Texas 77002	  		
		 	Attention: Edward Pak	  		
		 	Facsimile Number: (713) 659-6915	  		
		 	Telephone Number: (713) 982-1110	  		
			
	4.	 	Compass Bank	  	$	42,578,947.38
		 	24 Greenway Plaza, Suite 1400A	  		
		 	Houston, Texas 77046	  		
		 	Attention: Kathleen J. Bowen	  		
		 	Facsimile Number: (713) 968-8292	  		
		 	Telephone Number: (713) 968-8273	  		
			
	5.	 	Fortis Capital Corp.	  	$	36,000,000.00
		 	15455 N. Dallas Parkway, Suite 1400	  		
		 	Addison, Texas 75001	  		
		 	Attention: C. Scott Myatt	  		
		 	Facsimile Number: (214) 754-5982	  		
		 	Telephone Number: (214) 866-2522	  		
		 		  	 	 
		 		  	$	250,000,000.00Amendment No. 2 to Intercreditor Agreement dated October 29, 2008

 Exhibit 10.5(f) 
 EXECUTION VERSION 
 AMENDMENT NO. 2 TO 
 INTERCREDITOR AGREEMENT 
 THIS AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENT (this
“Amendment”), dated as of October 29, 2008, is made by and among the institutional investors listed under the caption “Noteholders” on the signature pages hereto (collectively, together with the other holders from time to
time of the hereinafter described NPA Notes and their successors and assigns, the “Noteholders”); Capital One, National Association, Union Bank of California, N.A., BNP Paribas, Compass Bank and Fortis Capital Corp. (collectively,
together with the other lenders from time to time party to the hereinafter described Bank Loan Agreement and their successors and assigns, the “Banks”); Capital One, National Association, as agent for the Banks (in such capacity,
the “Bank Agent”), and The Bank of New York Trust Company, N.A., as collateral agent for the Noteholders (together with its successors and assigns in such capacity, the “Noteholder Collateral Agent”). 
 RECITALS 
 A. The Noteholders,
the Banks, the Bank Agent and the Noteholder Collateral Agent are parties to an Intercreditor Agreement dated as of July 31, 2007, as amended by Amendment No. 1 to Intercreditor Agreement dated as of June 12, 2008 (as so amended, the
“Agreement”). 
 B. The parties hereto have agreed to amend the Agreement as described herein. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained 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. Existing Defined
Term. Effective as of the date hereof, the defined term “Senior Indebtedness” in Article I of the Intercreditor Agreement is hereby amended by (a) deleting each reference to “$185,000,000” occurring therein and
(b) substituting “$200,000,000” in lieu of each occurrence thereof. 
 Section 2. Miscellaneous.

 (i) Except as expressly amended by this Amendment, the Agreement shall remain in full force and effect. This Amendment
shall be binding upon and inure to the benefit of the Noteholders, the Banks, the Collateral Agent, any other parties to the Agreement from time to time, and their respective successors and permitted assigns. 
 (ii) THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE
STATE OF NEW YORK. 

 (iii) This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original and all of which taken together shall constitute one and the same document. Delivery of this Amendment may be made by telecopy or electronic transmission of a duly executed counterpart copy hereof; provided that any such
delivery by electronic transmission shall be effective only if transmitted in .pdf format, .tif format or other format in which the text is not readily modifiable by any recipient thereof. 
 [Remainder of Page Intentionally Left Blank; Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective
officers hereunto duly authorized as of the date first above set forth. 
  

			
	NOTEHOLDER COLLATERAL AGENT:
	
	THE BANK OF NEW YORK TRUST COMPANY, N.A.
		
	By:	 	 /s/ Geraldine Creswell

	Name:	 	Geraldine Creswell
	Title:	 	Assistant Treasurer
		
	Address:	 	
	
	10161 Centurion Parkway
	2nd Floor
	Jacksonville, FL 32256
	Fax No: (904) 645-1921
	Attn: Corporate Trust
	Ms. Geraldine Creswell
	Assistant Treasurer
	
	BANK AGENT:
	
	CAPITAL ONE, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Eric Broussard

	Name:	 	Eric Broussard
	Title:	 	Senior Vice President
	
	BANKS:
	
	CAPITAL ONE, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Eric Broussard

	Name:	 	Eric Broussard
	Title:	 	Senior Vice President
	
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	 /s/ Jarrod Bourgeois

	Name:	 	Jarrod Bourgeois
	Title:	 	Vice President

  

 Signature Page to Amendment No. 2 to Intercreditor Agreement 

							
	 BNP PARIBAS

				
	By:	 	 /s/ Edward Pak
	 		 	 /s/Courtney Kubesch

	Name:	 	Edward Pak	 		 	Courtney Kubesch
	Title:	 	Vice President	 		 	Vice President
			
	COMPASS BANK	 		 	
				
	By:	 	 /s/Kathleen J. Bowen
	 		 	
	Name:	 	Kathleen J. Bowen	 		 	
	Title:	 	Senior Vice President	 		 	
			
	FORTIS CAPITAL CORP.	 		 	
				
	By:	 	 /s/ David Montgomery
	 		 	
	Name:	 	David Montgomery	 		 	
	Title:	 	Director	 		 	
				
	By:	 	 /s/ Ilene Fowler
	 		 	
	Name:	 	Ilene Fowler	 		 	
	Title:	 	Director	 		 	

  

 Signature Page to Amendment No. 2 to Intercreditor Agreement 

			
	NOTEHOLDERS:
	
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
		
	By:	 	 /s/ Brian Thomas

		 	Vice President
	
	Address:
	
	c/o Prudential Capital Group
	2200 Ross Avenue, Suite 4200E
	Dallas, Texas 75201
	Fax No: (214) 720-6299
	Attn: Managing Director

  

 Signature Page to Amendment No. 2 to Intercreditor Agreement 

			
	CONSENTED AND AGREED TO AS OF THE DATE FIRST ABOVE WRITTEN:
	
	GMX RESOURCE INC.
		
	By:	 	 /s/ James A. Merrill

		 	James A. Merrill
		 	Chief Financial Officer and Treasurer
	
	Address:
	
	9400 N. Broadway, Suite 600
	Oklahoma City, Oklahoma 73114
	
	ENDEAVOR PIPELINE INC.
		
	By:	 	 /s/ Keith Leffel

		 	Keith Leffel
		 	President
	
	Address:
	
	9400 N. Broadway, Suite 600
	Oklahoma City, Oklahoma 73114
	
	DIAMOND BLUE DRILLING CO.
		
	By:	 	 /s/ Richard Q. Hart

		 	Richard Q. Hart
		 	President
	
	Address:
		
		 	9400 N. Broadway, Suite 600
		 	Oklahoma City, Oklahoma 73114

  

 Signature Page to Amendment No. 2 to Intercreditor Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]