Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

     REVOLVING CREDIT LOAN MODIFICATION AGREEMENT dated as of
October 6, 2011 (this “Agreement”), relating to the FOURTH AMENDED
AND RESTATED CREDIT AGREEMENT dated as of August 23, 2006, as
amended and restated on January 29, 2007, as further amended and
restated on May 23, 2007, as further amended and restated on
October 22, 2010, and as further amended and restated on September
30, 2011 (the “Credit Agreement”), among TRAVELPORT LLC, a
Delaware limited liability company (the “Borrower”), TRAVELPORT
LIMITED, a company incorporated under the laws of Bermuda
(“Holdings”), WALTONVILLE LIMITED, a company incorporated under
the laws of Gibraltar (“Intermediate Parent”), TDS INVESTOR
(LUXEMBOURG) S.À.R.L., a société à responsabilité limitée
incorporated under the laws of Luxembourg (“TDS Intermediate
Parent”), UBS AG, STAMFORD BRANCH, as Administrative Agent,
Collateral Agent and L/C Issuer, UBS LOAN FINANCE LLC, as Swing
Line Lender, the Lenders from time to time party thereto, CREDIT
SUISSE SECURITIES (USA) LLC, as Syndication Agent, and the other
parties thereto.

          A. Pursuant to Section 2.17 of the Credit Agreement, the Borrower made, by
notice to the Administrative Agent, the Revolving Credit Loan Modification Offer
Arrangers (as defined below) and each of the Revolving Credit Lenders, a Revolving
Credit Loan Modification Offer to all of the Revolving Credit Lenders to make
certain Permitted Amendments as described herein and therein.

          B. The Revolving Credit Lenders party hereto (the “Accepting Revolving Credit
Lenders”) are willing to agree to such Permitted Amendments as of the Revolving
Credit Loan Modification Effective Date (as defined below), on the terms and
subject to the conditions set forth herein and in the Credit Agreement.

          C. The existing Dollar Revolving Credit Lenders who have an entry opposite
their names on Schedule 2.01A hereto under the headings “Extended Dollar Revolving
Credit Commitments” and/or “Extended Dollar Revolving Credit Loans” (such Lenders
being collectively referred to as the “Extended Dollar Revolving Credit Lenders”)
have agreed to extend the Maturity Date of their Dollar Revolving Credit
Commitments and Dollar Revolving Credit Loans, if any, in the principal amounts
reflected for each such Lender under such applicable headings (the Dollar Revolving
Credit Commitments and the Dollar Revolving Credit Loans so extended being
collectively referred to as the “Extended Dollar Revolving Credit Commitments” and
“Extended Dollar Revolving Credit Loans”, respectively), in each case on the
terms and subject to the conditions set forth herein.

          D. The existing Alternative Currency Revolving Credit Lenders who have an
entry opposite their names on Schedule 2.01A hereto under the headings “Extended
Alternative Currency Revolving Credit Commitments” and/or “Extended

 

 

Alternative Currency Revolving Credit Loans” (such Lenders being collectively referred to
as the “Extended Alternative Currency Revolving Credit Lenders”) have agreed to extend the Maturity
Date of their Alternative Currency Revolving Credit Commitments and Alternative Currency Revolving
Credit Loans, if any, in the principal amounts reflected for each such Lender under such applicable
headings (the Alternative Currency Revolving Credit Commitments and the Alternative Currency
Revolving Credit Loans so extended being collectively referred to as the “Extended Alternative
Currency Revolving Credit Commitments” and “Extended Alternative Currency Revolving Credit Loans”,
respectively), in each case on the terms and subject to the conditions set forth herein.

          E. In connection with the Revolving Credit Loan Modification Offer
contemplated by this Agreement, and immediately after giving effect thereto, the
Revolving Credit Commitments of all Revolving Credit Lenders shall be reduced, on a
pro rata basis between the Dollar Revolving Credit Commitments and the Alternative
Currency Revolving Credit Commitments and on a pro rata basis among the Lenders
holding the Dollar Revolving Credit Commitments and the Alternative Currency
Revolving Credit Commitments, by 33% in the aggregate.

          Accordingly, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Borrower, Holdings, Intermediate Parent, TDS Intermediate Parent, the
Administrative Agent, the Collateral Agent, the L/C Issuers, the Swing Line Lender,
the Revolving Credit Loan Modification Offer Arrangers and the Accepting Revolving
Credit Lenders party hereto hereby agree as follows:

          SECTION 1.  Defined Terms. Capitalized terms used but not otherwise defined
herein (including in the preliminary statements hereto) have the meanings assigned
to them in the Credit Agreement. The provisions of Section 1.02 of the Credit
Agreement are hereby incorporated by reference herein, mutatis mutandis. The term
“Revolving Credit Loan Modification Offer Arrangers” means Credit Suisse Securities
(USA) LLC and UBS Securities LLC, in their capacities as the joint lead arrangers
for the Revolving Credit Loan Modification Offer contemplated by this Agreement.

          SECTION 2. Concerning the Revolving Credit Commitments and the Revolving
Credit Loans. (a) On the Revolving Credit Loan Modification Effective Date, the
Dollar Revolving Credit Commitments and the Dollar Revolving Credit Loans of each
Extended Dollar Revolving Credit Lender in an aggregate principal amount set forth
on Schedule 2.01A under the headings “Extended Dollar Revolving Credit Commitments”
and “Extended Dollar Revolving Credit Loans”, respectively, in each case opposite
the name of such Lender shall convert into Extended Dollar Revolving Credit
Commitments and Extended Dollar Revolving Credit Loans of such Lender,
respectively, and shall continue to be in effect and outstanding under the Credit
Agreement on the terms and conditions set forth herein and therein. In the event
the Dollar Revolving
Credit Loans of any Extended Dollar Revolving Credit Lender outstanding on the
Revolving Credit Loan Modification Effective Date (immediately

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prior to the consummation of such conversion), if any, shall be of more than one Type or, in the
case of Eurocurrency Rate Loans, shall have more than one Interest Period, such conversion shall be
accomplished by means of each such Dollar Revolving Credit Loan converting into an Extended Dollar
Revolving Credit Loan of the same Type as such original Loan (and, where applicable, having the
initial Interest Period that ends on the last day of the Interest Period applicable to such
original Loan) in the same proportion as the aggregate principal amount set forth on Schedule 2.01A
under the heading “Extended Dollar Revolving Credit Loans” opposite the name of such Lender bears
to the aggregate principal amount of all the Dollar Revolving Credit Loans of such Lender as of the
Revolving Credit Loan Modification Effective Date (determined immediately prior to the consummation
of such conversion).

          (b) On the Revolving Credit Loan Modification Effective Date, the Alternative
Currency Revolving Credit Commitments and the Alternative Currency Revolving Credit
Loans of each Extended Alternative Currency Revolving Credit Lender in an aggregate
principal amount set forth on Schedule 2.01A under the headings “Extended
Alternative Currency Revolving Credit Commitments” and “Extended Alternative
Currency Revolving Credit Loans”, respectively, in each case opposite the name of
such Lender shall convert into Extended Alternative Currency Revolving Credit
Commitments and Extended Alternative Currency Revolving Credit Loans of such
Lender, respectively, and shall continue to be in effect and outstanding under the
Credit Agreement on the terms and conditions set forth herein and therein. In the
event the Alternative Currency Revolving Credit Loans of any Extended Alternative
Currency Revolving Credit Lender outstanding on the Revolving Credit Loan
Modification Effective Date (immediately prior to the consummation of such
conversion), if any, shall be denominated in more than one Alternative Currency or
of more than one Type or, in the case of Eurocurrency Rate Loans, shall have more
than one Interest Period, such conversion shall be accomplished by means of each
such Alternative Currency Revolving Credit Loan converting into an Alternative
Currency Revolving Credit Loan denominated in the same Alternative Currency and of
the same Type as such original Loan (and, where applicable, having the initial
Interest Period that ends on the last day of the Interest Period applicable to such
original Loan) in the same proportion as the aggregate principal amount set forth
on Schedule 2.01A under the heading “Extended Alternative Currency Revolving Credit
Loans” opposite the name of such Lender bears to the aggregate principal amount of
all the Alternative Currency Revolving Credit Loans of such Lender as of the
Revolving Credit Loan Modification Effective Date (determined immediately prior to
the consummation of such conversion).

          (c) The Dollar Revolving Credit Commitments and the Dollar Revolving Credit
Loans of any Dollar Revolving Credit Lender that are not Extended Dollar Revolving
Credit Commitments and Extended Dollar Revolving Credit Loans, respectively, shall
constitute “Non-Extended Dollar Revolving Credit Commitments” and “Non-Extended
Dollar Revolving Credit Loans”, respectively, and the Alternative Currency
Revolving Credit Commitments and the Alternative Currency Revolving Credit Loans of
any Alternative Currency Revolving Credit Lender that are not Extended Alternative
Currency Revolving Credit Commitments and Extended Alternative Currency Revolving
Credit Loans, respectively, shall constitute “Non-Extended Alternative

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Currency Revolving Credit Commitments” and “Non-Extended Alternative Currency Revolving Credit
Loans”, respectively, in each case under the Credit Agreement and shall continue to be in effect
and outstanding under the Credit Agreement on the terms and conditions set forth herein and
therein.

          (d) None of transactions set forth in this Section 2 shall be deemed to be a
conversion of any Revolving Credit Loan into a Loan of a different Type or with a
different Interest Period or a payment or prepayment of any Revolving Credit Loan,
and the parties hereto hereby agree that no breakage or similar costs will accrue
solely as a result of the transactions contemplated by this Section 2.

          (e) For all purposes of the Credit Agreement and the other Loan Documents, the
Extended Dollar Revolving Credit Commitments as defined herein shall constitute
“Extended Dollar Revolving Credit Commitments” under the Credit Agreement; the
Extended Dollar Revolving Credit Loans as defined herein shall constitute “Extended
Dollar Revolving Credit Loans” under the Credit Agreement; the Extended Alternative
Currency Revolving Credit Commitments as defined herein shall constitute “Extended
Alternative Currency Revolving Credit Commitments” under the Credit Agreement; and
the Extended Alternative Currency Revolving Credit Loans as defined herein shall
constitute “Extended Alternative Currency Revolving Credit Loans” under the Credit
Agreement. Except to the extent provided below, the terms and conditions of the
Extended Dollar Revolving Credit Commitments, the Extended Dollar Revolving Credit
Loans, the Extended Alternative Currency Revolving Credit Commitments and the
Extended Alternative Currency Revolving Credit Loans (in each case as defined
herein) shall be identical to those of the Extended Dollar Revolving Credit
Commitments, the Extended Dollar Revolving Credit Loans, the Extended Alternative
Currency Revolving Credit Commitments and the Extended Alternative Currency
Revolving Credit Loans (in each case as defined in the Credit Agreement),
respectively.

          (i) As used in the Credit Agreement, the “Maturity Date” with respect
to the Extended Revolving Credit Commitments, the Extended Revolving
Credit Loans and the Extended Revolving Credit Facilities shall be August
23, 2013.

          (ii) As used in the Credit Agreement, the “Applicable Rate” with
respect to Extended Revolving Credit Loans, unused Extended Revolving
Credit Commitments and Letter of Credit fees relating to the Extended
Revolving Credit Commitments, shall be the following percentages per
annum:

	 	 	 	 	 	 	 	 	 
	Eurocurrency Rate for Extended Revolving
Credit Loans and Extended Revolving Letter of Credit Fees	 	Base Rate for Extended
Revolving Credit Loans	 	 	Commitment 

Fee Rate	 
	4.50%
	 	 	3.50	%	 	 	3.00	%

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          (f) Upon the effectiveness of this Agreement, Schedule 2.01A to the
Fourth Amendment and Restatement Agreement shall be replaced in its entirety and
superseded by Schedule 2.01A hereto.

          SECTION 3. Revolving Credit Commitment Reduction. Upon the effectiveness of
this Agreement, and without any further action of any party hereto, the Revolving
Credit Commitments of all of the Revolving Credit Lenders in effect immediately
prior to the Revolving Credit Loan Modification Effective Date will be reduced, on
a pro rata basis among such Revolving Credit Lenders and within each Class of
Revolving Credit Commitments, by 33%. Schedule 2.01A attached hereto reflects such
33% reduction in the Revolving Credit Commitments.

          SECTION 4. Representations and Warranties. Holdings, Intermediate Parent,
TDS Intermediate Parent and the Borrower hereby represent and warrant to each other
party hereto that:

          (a) The execution, delivery and performance by Holdings, Intermediate Parent,
TDS Intermediate Parent and the Borrower of this Agreement, and the consummation of
the transactions contemplated hereby, are within their respective corporate or
other powers, have been duly authorized by all necessary corporate or other
organizational action, and do not and will not (i) contravene the terms of any of
any such Person’s Organization Documents, (ii) conflict with or result in any
breach or contravention of, or the creation of any Lien under (other than as
permitted by Section 7.01 of the Credit Agreement), or require any payment to be made under (A) any Contractual
Obligation to which such Person is a party or which affects such Person or the properties of such
Person or any of its Subsidiaries, or (B) any material order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or any of its properties is
subject, or (iii) violate any material Law; except with respect to any conflict, breach,
contravention or payment (but not creation of Liens) referred to in clause (ii)(A), to the extent
that such conflict, breach, contravention or payment could not reasonably be expected to have a
Material Adverse Effect.

          (b) This Agreement has been duly executed and delivered by each of Holdings,
Intermediate Parent, TDS Intermediate Parent and the Borrower, and constitutes a
legal, valid and binding obligation of each such Person, enforceable against it in
accordance with its terms, except as such enforceability may be limited by Debtor
Relief Laws, fraudulent transfer, preference or similar laws and by general
principles of equity.

          (c) None of the Collateral Documents in effect on the Revolving Credit Loan
Modification Effective Date will be rendered invalid, non-binding or unenforceable
against any Loan Party party thereto as a result of this Agreement. The Guarantees
created under such Collateral Documents will continue to guarantee the Obligations
(as

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the Obligations are modified hereunder) to the same extent as they guaranteed the Obligations
immediately prior to the Revolving Credit Loan Modification Effective Date. Except as set forth on
Schedule 5A hereto, (i) the Liens created under such Collateral Documents will continue to secure
the Obligations (as the Obligations are modified hereunder), and will continue to be perfected, in
each case, to the same extent as they secured the Obligations or were perfected immediately prior
to the Revolving Credit Loan Modification Effective Date, and (ii) no further document, instrument
or agreement, or any recording, filing, re-recording or re-filing of any such Collateral Document
or any notice of a Lien created thereby, is required, as a result of this Agreement in order to
maintain the effectiveness, perfection and priority of such Liens or to maintain the validity,
binding effect or enforceability of such Guarantees.

          (d) The representations and warranties of the Borrower and each other Loan
Party contained in Article V of the Credit Agreement or any other Loan Document are
true and correct in all material respects on and as of the Revolving Credit Loan
Modification Effective Date (in each case, except to the extent that any
representation or warranty specifically refers to an earlier date, in which case
such representation or warranty is true and correct in all material respects as of
such earlier date); provided that any representation and warranty that is qualified
as to “materiality”, “Material Adverse Effect” or similar language is true and
correct in all respects on such respective dates.

          (e) After giving effect to this Agreement and the transactions contemplated
hereby, no Default has occurred and is continuing.

          SECTION 5. Effectiveness. This Agreement shall become effective on and as of
the date on which each of the following conditions precedent is satisfied (such
date, the “Revolving Credit Loan Modification Effective Date”):

          (a) The Revolving Credit Loan Modification Offer Arrangers shall have executed
a counterpart hereof and shall have received duly executed counterparts of this
Agreement that, when taken together, bear the signatures of Holdings, Intermediate
Parent, TDS Intermediate Parent, the Borrower, the Administrative Agent, the
Collateral Agent, the Revolving Credit Loan Modification Offer Arrangers, each L/C
Issuer, the Swing Line Lender, each Extended Dollar Revolving Credit Lender and
each Extended Alternative Currency Revolving Credit Lender (it being understood
that each Lender’s delivery of an executed signature page shall be irrevocable
subject only to the satisfaction of the other conditions to effectiveness set forth
in this Section 5).

          (b) The Extended Revolving Credit Commitments of Lenders who have agreed to
extend their Revolving Credit Commitments and convert into Extended Revolving
Credit Commitments (calculated prior to giving effect to the reduction pursuant to
Section 3 hereof) shall constitute no less than 36% of the aggregate principal
amount of the Revolving Credit Commitments (whether used or unused) outstanding
immediately prior to the Revolving Credit Loan Modification Effective Date.

          (c) The Revolving Credit Loan Modification Offer Arrangers shall have received
the following, each of which shall be originals or facsimiles (followed promptly

6

 

by originals) unless otherwise specified, each properly executed by a Responsible Officer of the
signing Loan Party:

          (i) such documents and certificates as the Revolving Credit Loan
Modification Offer Arrangers may reasonably request relating to the
organization, existence and good standing of each Loan Party, the
authorization of the transactions contemplated hereby and any other legal
matters relating to each Loan Party, the Loan Documents or the
transactions contemplated hereby, all in form and substance reasonably
satisfactory to the Revolving Credit Loan Modification Offer Arrangers;

          (ii) favorable legal opinions from (A) Skadden, Arps, Slate, Meagher
& Flom LLP, New York counsel to the Loan Parties, (B) Conyers Dill &
Pearman Limited, Bermuda counsel to Parent, (C) Hassans, Gibraltar counsel
to Intermediate Parent and (D) Arendt & Medernach, Luxembourg counsel to
Intermediate Parent and TDS Intermediate Parent, in each case in form and
substance reasonably satisfactory to the Revolving Credit Loan
Modification Offer Arrangers; and

          (iii) a certificate from a Responsible Officer of the Borrower dated
the Revolving Credit Loan Modification Effective Date, certifying as to
the accuracy of the representations and warranties set forth in Section 4
hereof.

          (d) The Administrative Agent shall have received payment from the Borrower, in
Same Day Funds, for the account of each Accepting Revolving Credit Lender (other
than any Defaulting Lender) that delivers an executed counterpart signature page to
this Agreement at or prior to 6:00 p.m., New York City time, on September 29, 2011,
and agrees to convert Revolving Credit Commitments into Extended Revolving Credit
Commitments an extension fee in an aggregate amount equal to 4.00% of the aggregate
principal amount of the Revolving Credit Commitments (whether used or unused) of
such Lender that are converted into Extended Revolving Credit Commitments on the
Revolving Credit Loan Modification Effective Date. For the avoidance of doubt, the
foregoing extension fee shall be calculated based upon the aggregate principal
amount of the Revolving Credit Commitments (whether used or unused) prior to the
commitment reduction effectuated by Section 3 hereof.

          (e) The Administrative Agent and the Revolving Credit Loan Modification Offer
Arrangers shall have received all other fees and other amounts due and payable to
them in connection with this Agreement and invoiced before the Revolving Credit
Loan Modification Effective Date, including reimbursement or payment of all
reasonable documented out-of-pocket expenses (including reasonable fees,
disbursements and other charges of counsel) required to be reimbursed or paid by
any Loan Party in connection with the Agreement.

          (f) Each Loan Party shall have entered into a written instrument in form and
substance reasonably satisfactory to the Revolving
Credit Loan Modification Offer Arrangers pursuant to which it confirms that it
consents to this Agreement and reaffirms

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that the Collateral Documents to which it is party will continue to apply in respect of the Credit
Agreement and the Obligations of such Loan Party hereunder and thereunder.

          SECTION 6. Effect of this Agreement; Revolving Credit Loan Modification Offer
Arrangers; Certain Authorizations. (a) Except as expressly set forth herein, this
Agreement shall not by implication or otherwise limit, impair, constitute a waiver
of, or otherwise affect the rights and remedies of the Agents, the Arrangers, the
L/C Issuers, the Swing Line Lender or the Lenders under the Credit Agreement or any
other Loan Document, and, except as otherwise expressly provided herein, shall not
alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other
Loan Document, all of which are ratified and affirmed in all respects and shall
continue in full force and effect. Nothing herein shall be deemed to entitle any
Loan Party to a consent to, or a waiver, amendment, modification or other change
of, any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other Loan Document in similar or different
circumstances.

          (b) This Agreement shall constitute a “Loan Document” and a “Revolving Credit
Loan Modification Agreement” for all purposes of the Credit Agreement and the other
Loan Documents.

          (c) On and after the Revolving Credit Loan Modification Effective Date, the
Revolving Credit Loan Modification Offer Arrangers and their respective officers,
directors, employees, agents and attorneys-in-fact (collectively, the “Agreement
Arranger Related Persons”) shall have the benefit of all the exculpatory,
reimbursement and indemnity provisions that are set forth in the Credit Agreement
or any other Loan Document for the benefit of the Administrative Agent, any other
Agent or any other Agent-Related Person. Without limiting the foregoing, each L/C
Issuer, the Swing Line Lender and each Lender party hereto (i) acknowledges that it
has made its own analysis and decision to enter into this Agreement, and that
neither the Revolving Credit Loan Modification Offer Arrangers nor any other
Agreement Arranger Related Person has made any express or implied representation or
warranty, or shall be deemed to have any responsibility or duty, with respect to
the completeness, sufficiency or performance thereof and (ii) by delivering its
signature page to this Agreement shall be deemed to have acknowledged receipt of,
and consented to and approved, each document required to be delivered to, or be
approved by or satisfactory to, the Administrative Agent or the Revolving Credit
Loan Modification Offer Arrangers on the Revolving Credit Loan Modification
Effective Date pursuant to the terms hereof.

          SECTION 7. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Delivery by electronic transmission
of an executed
counterpart of a signature page to this Agreement shall be effective as
delivery of an original executed counterpart of this Agreement.

8

 

          SECTION 8. Governing Law. (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          (b) ANY LEGAL ACTION OR PROCEEDING ARISING UNDER THIS AGREEMENT OR IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR
ANY OF THEM WITH RESPECT TO THIS AGREEMENT, OR THE TRANSACTIONS RELATED THERETO, IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, MAY BE BROUGHT IN THE COURTS
OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE
SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT,
EACH PARTY HERETO (OTHER THAN INTERMEDIATE PARENT AND TDS INTERMEDIATE PARENT)
CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE
JURISDICTION OF THOSE COURTS. EACH PARTY HERETO (OTHER THAN INTERMEDIATE PARENT
AND TDS INTERMEDIATE PARENT) IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS,
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN
SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO.

          SECTION 9. Headings. Section headings used herein are for convenience of
reference only, are not part of this Agreement and shall not affect the
construction of, or be taken into consideration in interpreting, this Agreement.

[Remainder of page intentionally left blank]

9

 

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

	 	 	 	 	 
	 	TRAVELPORT LLC, as Borrower,

 	 
	 	by  	/s/ Rochelle J. Boas
 	 
	 	 	Name:  	Rochelle J. Boas 	 
	 	 	Title:  	Authorized Person 	 
	 
	 	TRAVELPORT LIMITED, as Holdings,

 	 
	 	by  	/s/ Rochelle J. Boas
 	 
	 	 	Name:  	Rochelle J. Boas 	 
	 	 	Title:  	Senior Vice President and Assistant Secretary 	 
	 
	 	WALTONVILLE LIMITED, as Intermediate Parent,

 	 
	 	by  	/s/ Rochelle J. Boas
 	 
	 	 	Name:  	Rochelle J. Boas  	 
	 	 	Title:  	Director 	 
	 
	 	TDS INVESTOR (LUXEMBOURG), 

S.À.R.L., as TDS Intermediate Parent,

 	 
	 	by  	/s/
John Sutherland 	 
	 	 	Name:  	John Sutherland 	 
	 	 	Title:  	Manager 	 
	 

 

 

	 	 	 	 	 
	 	UBS AG, STAMFORD BRANCH, as 

Administrative Agent, Collateral Agent 

and L/C Issuer,

 	 
	 	by  	/s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director Banking Products Services. US 	 
	 
	 	by  	/s/ Trja R. Otsa
 	 
	 	 	Name:  	Trja R. Otsa 	 
	 	 	Title:  	Associate Director Banking Products Services. US 	 
	 
	 	UBS LOAN FINANCE LLC, as Swing Line Lender,

 	 
	 	by  	/s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director Banking Products Services. US 	 
	 
	 	by  	/s/ Trja R. Otsa
 	 
	 	 	Name:  	Trja R. Otsa 	 
	 	 	Title:  	Associate Director Banking Products Services. US 	 
	 

 

 

	 	 	 	 	 
	 	

CREDIT SUISSE SECURITIES (USA) 

LLC, as Revolving Credit Loan 

Modification Offer Arranger,

 	 
	 	by  	/s/ Dana F. Klein
 	 
	 	 	Name:  	DANA F. KLEIN 	 
	 	 	Title:  	MANAGING DIRECTOR 	 
	 

 

 

	 	 	 	 	 
	 	UBS SECURITIES LLC, as Revolving 

Credit Loan Modification Offer Arranger,

 	 
	 	by  	/s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director Banking Products Services. US 	 
	 
	 	by  	/s/ Trja R. Otsa
 	 
	 	 	Name:  	Trja R. Otsa 	 
	 	 	Title:  	Associate Director Banking Products Services. US 	 
	 

 

 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	Name of Lender (with any Person that is an L/C Issuer executing this signature page

both in its capacity as a Lender and as an L/C Issuer):

CREDIT SUISSE AG CAYMAN

ISLANDS BRANCH

 	 
	 	by  	/s/ Judith E. Smith
 	 
	 	 	Name:  	JUDITH E. SMITH  	 
	 	 	Title:  	MANAGING DIRECTOR 	 
	 
	 	For any Person requiring a second signature block:

 	 
	 	by  	/s/ Christopher Reo Day
 	 
	 	 	Name:  	Christopher Reo Day          	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

Bentham Wholesale Syndicated Loan Fund

 By: Credit Suisse Asset
Management, LLC, as Agent 
(Sub Advisor) for Challenger Investment
Services Limited, the
Responsible Entity for Bentham Wholesale Syndicated Loan Fund
 	 
	 
	 	by  	/s/ Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY 	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 
	 	For any Person requiring a second signature block:

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	Name of Lender (with any Person that is an L/C Issuer executing this signature page

both in its capacity as a Lender and as an L/C Issuer):

Madison Park Funding V Ltd. 

 	 
	 	by  	/s/ Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY 	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 
	 	For any Person requiring a second signature block:

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	Name of Lender (with any Person that is an L/C Issuer executing this signature page

both in its capacity as a Lender and as an L/C Issuer):

Madison Park Funding IV Ltd. 

 	 
	 	by  	/s/ Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY 	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 
	 	For any Person requiring a second signature block:

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	Name of Lender (with any Person that is an L/C Issuer executing this signature page

both in its capacity as a Lender and as an L/C Issuer):

CSAM Funding IV

 	 
	 	by  	/s/ Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY 	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 
	 	For any Person requiring a second signature block: 
	 
	 	by  	 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	CSAM Funding III

 	 
	 	by  	/s/  Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY 	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	Atrium V

 	 
	 	by  	Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY  	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	Atrium IV

 	 
	 	by  	Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY  	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	Atrium II

 	 
	 	by  	Thomas Flannery
 	 
	 	 	Name:  	THOMAS FLANNERY  	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	Atrium CDO

 	 
	 	by  	/s/ THOMAS FLANNERY
 	 
	 	 	Name:  	THOMAS FLANNERY 	 
	 	 	Title:  	AUTHORIZED SIGNATORY 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitment and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH

 	 
	 	by  	/s/ Anca Trifan
 	 
	 	 	Name:  	Anca Trifan 	 
	 	 	Title:  	Managing Director 	 
	 	 	 
	 	by  	/s/   Omayra Laucella
 	 
	 	 	Name:  	Omayra Laucella 	 
	 	 	Title:  	Vice President 	 
	 

 

 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert
all of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively,

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION

 	 
	 	by  	 James M. Cunningham
 	 
	 	 	Name:  	James M. Cunningham  	 
	 	 	Title:  	Duly Authorized Signatory 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	JPMorgan Chase Bank, N.A.

 	 
	 	by  	 Peter B. Thauer
 	 
	 	 	Name:  	Peter B. Thauer 	 
	 	 	Title:  	Executive Director 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

	 	 	 	 	 
	 	MIZUHO CORPORATE BANK, LTD.

 	 
	 	by  	/s/ James R. Fayen
 	 
	 	 	Name:  	James R. Fayen 	 
	 	 	Title:  	Deputy General Manager 	 

 

 

	 	 	 	 	 

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	By Sumitomo Mitsui Banking Corporation

 	 
	 	/s/ Shinichiro Watanabe
 	 
	 	Name:  	Shinichiro Watanabe  	 
	 	Title:  	General Manager 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATED TO THE TRAVELPORT LLC CREDIT AGREEMENT

The undersigned Lender hereby accepts the Revolving Credit Loan Modification Offer to convert all
of its Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit
Commitments and Extended Revolving Credit Loans, respectively.

Name of Lender (with any Person that is an L/C Issuer executing this signature page
both in its capacity as a Lender and as an L/C Issuer):

	 	 	 	 	 
	 	UBS Loan Finance LLC

 	 
	 	by  	/s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa  	 
	 	 	Title:  	Associate Director 

Banking Products 
Services, US 	 
	 

For any Person requiring a second signature block:

	 	 	 	 	 
	 	 	 
	 	by  	
/s/ Joselin Fernandes
 	 
	 	 	Name:  	Joselin Fernandes  	 
	 	 	Title:  	Associate Director 

Banking Products Services, US 	 
	 

 

 

SCHEDULE 2.01A TO

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATING TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT OF TRAVELPORT LLC

Schedule 2.01A

Extended Revolving Credit Commitments and Extended Revolving Credit Loans

[As distributed to each individual Lender]

 

 

SCHEDULE 5A TO

REVOLVING CREDIT LOAN MODIFICATION AGREEMENT

RELATING TO

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

OF TRAVELPORT LLC

Schedule 5A

          The filing and recording of the Third Mortgage Amendment encumbering the Mortgaged Property
located at 5350 South Valentia Way, Greenwood Village, Colorado, and the discharge of any
encumbrances affecting such Mortgaged Property arising after the Original Closing Date to the
extent otherwise required under the Credit Agreement.exv10w1

Exhibit 10.1

[Execution
Version]

October 7, 2011

JPMorgan Chase Bank, N.A.

2200 Ross Avenue, Third Floor

Dallas, Texas 75201

Attention: Kimberly A. Bourgeois

	 	Re:  	 	Eleventh Amendment to Credit Agreement dated as of January 18, 2008 among
Approach Resources Inc. (“Borrower”), JPMorgan Chase Bank, N.A. and the institutions
named therein (“Lenders”) and JPMorgan Chase Bank, N.A., as Agent (“Agent”)

Ladies and Gentlemen:

     Reference is hereby made to that certain Credit Agreement dated as of January 18, 2008 among
Approach Resources Inc., a Delaware corporation (“Borrower”), JPMorgan Chase Bank, N.A., as Agent
(“Agent”), and the Lenders that are signatory parties hereto (the “Lenders”), as amended by
amendments dated February 19, 2008, May 6, 2008, August 26, 2008, April 8, 2009, July 8, 2009,
October 30, 2009, February 1, 2010, May 3, 2010, October 21, 2010, May 4, 2011 and as of the date
hereof (as amended, the “Loan Agreement”). All capitalized terms herein shall have the meanings
ascribed to them in the Loan Agreement.

     Pursuant to this Eleventh Amendment (the “Amendment”), Agent, Lenders and Borrower agree,
effective as of the date hereof, to amend the Loan Agreement according to the terms and provisions
set forth below.

     1. Definition of Loan Documents. Section 1 of the Loan Agreement is hereby amended to
redefine “Loan Documents” as follows:

     “Loan Documents means this Agreement, the Notes, the Collateral Documents and all other
documents executed by Borrower with Agent or Lenders in connection with the transaction described
in this Agreement, including any and all amendments to this Agreement made pursuant to Section 24
of this Agreement.”

     2. Collateral Security. Section 6(b) of the Loan Agreement is hereby amended by
deleting the last sentence thereof and substituting the following therefor:

     “From time to time, Borrower will cause to be executed and delivered to Agent
additional Collateral Documents if Agent reasonably deems such are necessary to insure
perfection or maintenance of Lenders’ security interests and Liens in not less than 80% of
the Engineered Value of the Oil and Gas Properties which are included in the Borrowing Base
then in effect.”

     3. Events of Default. The following is hereby added to the end of Section 14 of the
Loan Agreement, “Events of Default”:

 

 

     “After the exercise of remedies provided for in this Agreement, the Collateral
Documents or any of the other Loan Documents (or after the Loans have automatically become
immediately due and payable as set forth in this Section 14), any amounts received on
account of the Notes or any Loans shall be applied by Agent in the following order:

First, to payment of that portion of the amounts owed hereunder and under the other Loan
Documents constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to Agent) payable to Agent in its capacity as such;

Second, to payment of that portion of the amounts owed hereunder constituting fees,
indemnities and other amounts (other than principal, interest and Letter of Credit fees)
payable to Lenders (including fees, charges and disbursements of counsel to the respective
Lenders), ratably among them in proportion to the respective amounts described in this
clause Second payable to Agent and Lenders;

Third, to payment of that portion of the amounts due hereunder constituting accrued and
unpaid Letters of Credit Fees and interest on the Loans, ratably among Lenders, in
proportion to the respective amounts described in this clause Third payable to them;

Fourth, to payment of that portion of the amounts owed hereunder constituting unpaid
principal of the Loans, unpaid Reimbursement Obligations, the maximum amounts which Lenders
might then or thereafter be called upon to advance under all Letters of Credit then
outstanding and settlements under Rate Management Transactions ratably among Lenders in
proportion to the respective amounts described in this clause Fourth held by them; and

Last, the balance, if any, after all of the amounts due hereunder, under the Loans and under
the other Loan Documents have been indefeasibly paid in full, to Borrower, or as otherwise
required by applicable law.

If an amount of an undrawn Letter of Credit or other contingent amount is included in the
foregoing and such Letter of Credit or other contingent amount expires and the resulting
obligations are lower than the amount that was included in the forgoing application of
payments, the Agent shall revise the calculation under the forgoing application of payments,
and the Lenders and other parties receiving such payments shall be obligated to refund any
excess payment to the Agent to be applied in accordance with the revised calculation of the
application of payments.”

     4. Agent and Lenders; Consultation with Counsel. Section 15(c) of the Loan Agreement
is hereby amended by deleting “FROST” from line 5 thereof and inserting “JPMORGAN” in its place.

     5. Increase to Borrowing Base and Commitment. As of the date hereof, the Borrowing
Base and Commitment under the Loan Agreement are increased to $260,000,000.

2

 

     6. Assignments of Commitment. Prior to giving effect to this Amendment, JPMorgan
Chase Bank, N.A., BNP Paribas, KeyBank National Association, The Frost National Bank and Royal Bank
of Canada (the “Existing Lenders”) each has a Commitment Percentage as set out below under the
heading “Existing Lender Commitments.” The Existing Lenders desire to assign to Wells Fargo Bank,
N.A. (the “New Lender”), a percentage of each Existing Lender’s Commitment Percentage of its
obligations as a Lender under the Loan Agreement, such that after giving effect to such assignments
and as of the date hereof, the respective Commitment Percentages of the Existing Lenders and the
New Lender will be as set forth below under the heading “Revised Lender Commitments” and on
Schedule I attached hereto and made a part hereof and of the Loan Agreement, as amended hereby.
Agent and Borrower hereby consent to the assignments by Existing Lenders of such portion of each of
their rights and obligations as a Lender under the Loan Agreement to the New Lender. Effective as
of the date hereof such acquisition of a portion of the Existing Lenders’ Commitments by the New
Lender shall be deemed to have been consummated pursuant to the terms of the Assignment and
Acceptance Agreement attached as Exhibit D to the Loan Agreement (which is incorporated herein by
reference as if fully set forth herein) as if the Existing Lenders and the New Lender had executed
Assignment and Acceptance Agreements with respect to such assignments.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Existing Lender Commitments	 	 	Revised Lender Commitments	 
	Lenders	 	Percentage	 	 	Amount	 	 	Percentage	 	 	Amount	 
	JPMorgan Chase Bank, N.A.
	 	 	22.5	%	 	$	45,000,000	 	 	 	21.09	%	 	$	54,843,750	 
	BNP Paribas
	 	 	20.00	%	 	$	40,000,000	 	 	 	15.38	%	 	$	40,000,000	 
	KeyBank National Association
	 	 	20.00	%	 	$	40,000,000	 	 	 	18.75	%	 	$	48,750,000	 
	Royal Bank of Canada
	 	 	20.00	%	 	$	40,000,000	 	 	 	18.75	%	 	$	48,750,000	 
	The Frost National Bank
	 	 	17.5	%	 	$	35,000,000	 	 	 	16.41	%	 	$	42,656,250	 
	Wells Fargo Bank, N.A.
	 	 	N/A	 	 	 	N/A	 	 	 	9.62	%	 	$	25,000,000	 
	TOTAL
	 	 	100.00	%	 	$	200,000,000	 	 	 	100.00	%	 	$	260,000,000	 

     7. Schedule I. Effective as of the date hereof, Schedule I to the Loan Agreement is
deleted in its entirety and Schedule I attached hereto is substituted therefor.

     8. Replacement Notes. As of the date hereof there shall be executed and delivered by
Borrower to each of the Existing Lenders and the New Lenders, if requested, replacement Notes, in
the form of Exhibit “B” attached hereto reflecting the percentage of each Lender’s Pro Rata Part of
the Facility Amount. Promptly upon receipt of a replacement Note, each Lender shall deliver to
Borrower all existing Notes held by each such Lender.

     9. Notes. Notwithstanding Sections 3(a) and 3(b) of the Loan Agreement referencing
that the Loans shall be evidenced by Notes payable to each Lender in the aggregate face amount of
the Facility Amount, the delivery of such a Note to the Lenders shall be at each Lender’s
discretion. Any Lender may request that Loans made by it be evidenced by a Note. In such event,
the Borrower shall prepare, execute and deliver to such Lender a Note payable to the

3

 

order of such Lender in the form of Exhibit “B” to the Loan Agreement. Thereafter, the Loans evidenced by such
Note and interest thereon shall at all times (including after assignment pursuant to Section 29 of
the Loan Agreement) be represented by one or more Notes in such form payable to the order of the
payee named therein. Irrespective of the Facility Amount, no Lender shall ever be obligated to
advance on the Commitment any amount in excess of its Commitment then in effect.

     10. Conditions Precedent. The effectiveness of this Amendment is subject to the
satisfaction of the following conditions precedent, unless specifically waived in writing by
Lenders:

     (a) The Amendment. Borrower, each Guarantor and each Lender shall have duly and
validly executed and delivered this Amendment to Agent.

     (b) Replacement Notes. If requested by any Lender, and upon the delivery to
Borrower of the terminated existing Notes, Borrower shall have duly and validly executed the
Notes payable to each of the Lender signatories hereto in termination and replacement of the
existing Notes.

     (c) Representations and Warranties. The representations and warranties contained in
the Loan Agreement and in the other Loan Documents shall be true and correct in all material
respects as of the date hereof, as if made on the date hereof.

     (e) No Default. No Default or Event of Default shall have occurred and be continuing.

     (f) Corporate/Partnership Proceedings. All corporate and/or partnership proceedings,
taken in connection with the transactions contemplated by this Amendment and all documents,
instruments and other legal matters incident thereto shall be satisfactory to Agent, and its legal
counsel.

     (g) Fees. In consideration for the agreements set forth herein, Borrower shall
have paid to Agent any fees payable to Agent and/or Lenders pursuant to or in connection
with the fee letter agreement of even date herewith between Borrower and Agent.

     11. Ratification by Guarantors. Each Guarantor hereby ratifies and reaffirms all of
its obligations under its Guaranty Agreement (the “Guaranty”) of Borrower’s obligations under the
Loan Agreement, as amended hereby. Each Guarantor also hereby agrees that nothing in this
Amendment shall adversely affect any right or remedy of Lenders under the Guaranty and that
the execution and delivery of this Amendment shall in no way change or modify its obligations as
guarantor under the Guaranty. Although each Guarantor has been informed by Borrower of the matters
set forth in this Amendment and such Guarantor has acknowledged and agreed to the same, such
Guarantor understands that Agent has no duty to notify such Guarantor or to seek such Guarantor’s
acknowledgment or agreement, and nothing contained herein shall create such a duty as to any
transaction hereafter.

4

 

     12. Representations and Warranties. By executing this Amendment, Borrower hereby
represents, warrants and certifies to Lenders that, as of the date hereof, (a) there exists no
Event of Default or events which, with notice or lapse of time, would constitute an Event of
Default; (b) Borrower has performed and complied with all agreements and conditions contained in
the Loan Agreement or the other Loan Documents which are required to be performed or complied with
by Borrower; and (c) the representations and warranties contained in the Loan Agreement and the
other Loan Documents are true in all material respects, with the same force and effect as though
made on and as of the date hereof (except to the extent that such representations and warranties
related solely to an earlier date).

     13. Confirmation and Ratification. Except as affected by the provisions set forth
herein, the Loan Agreement shall remain in full force and effect and is hereby ratified and
confirmed by all parties. The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or remedy of Lenders
under the Loan Agreement or the other Loan Documents.

     14. Reference to Loan Agreement. Each of the Loan Agreement and the Loan Documents,
and any and all other agreements, documents or instruments now or hereafter executed and delivered
pursuant to the terms hereof or pursuant to the terms of the Loan Agreement, as amended hereby, are
hereby amended so that any reference in the Loan Agreement, the Loan Documents and such other
documents to the Loan Agreement shall mean a reference to the Loan Agreement as amended hereby.

     15. Multiple Counterparts. This Amendment may be executed in a number of identical
separate counterparts, each of which for all purposes is to be deemed an original, but all of which
shall constitute, collectively, one agreement. No party to this Amendment shall be bound hereby
until a counterpart of this Amendment has been executed by all parties hereto. Delivery of an
executed counterpart of a signature page of this Amendment by telecopy shall be effective as
delivery of a manually executed counterpart of this Amendment.

     16. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF TEXAS.

     17. Final Agreement. THE LOAN AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND ALL
PROMISSORY NOTES AND OTHER LOAN DOCUMENTS EXECUTED PURSUANT THERETO OR HERETO, REPRESENT THE FINAL
AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG ANY OF THE PARTIES.

     Please signify your acceptance to the foregoing terms and provisions by executing a copy of
this Amendment at the space provided below.

5

 

	 	 	 	 	 
	 	Very truly yours,

BORROWER:

APPROACH RESOURCES INC.,

a Delaware corporation

 	 
	 	By:  	/s/ J. Ross Craft
 	 
	 	 	J. Ross Craft, President and Chief Executive Officer 	 
	 
	 	GUARANTORS:

APPROACH OIL & GAS INC.,

a Delaware corporation

 	 
	 	By:  	/s/ J. Ross Craft
 	 
	 	 	J. Ross Craft, President and Chief Executive Officer 	 
	 
	 	APPROACH RESOURCES I, LP,

a Texas limited partnership

 	 
	 	By:  	Approach Operating, LLC,
 a Delaware limited liability company,
 its general partner
 	 
	 
	 	By:  	Approach Resources Inc.,
 a Delaware corporation,
 its sole member
 	 
	 
	 	By:  	/s/ J. Ross Craft
 	 
	 	 	J. Ross Craft, President and Chief Executive Officer 	 
	 

[Signature Pages]

 

	 	 	 	 	 
	 	ACCEPTED AND AGREED TO

effective as of the date and year

first above written:

AGENT:

JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Michael A. Kamauf
 	 
	 	 	Michael A. Kamauf, Authorized Officer 	 
	 
	 	LENDERS:

JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Michael A. Kamauf
 	 
	 	 	Michael A. Kamauf, Authorized Officer 	 

[Signature Pages]

 

	 	 	 	 	 
	 	BNP PARIBAS, Lender and Syndication Agent

 	 
	 	By:  	/s/ Michaela Braun
 	 
	 	 	Name:  	Michaela Braun 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	/s/ Greg Smothers
 	 
	 	 	Name:  	Greg Smothers 	 
	 	 	Title:  	Director 	 
	 

[Signature Pages]

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, Lender and

Documentation Agent

 	 
	 	By:  	/s/ David Morris
 	 
	 	 	Name:  	David Morris 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Pages]

 

 

	 	 	 	 	 
	 	THE FROST NATIONAL BANK

 	 
	 	By:  	/s/ Alex Zemkoski
 	 
	 	 	Alex Zemkoski, Vice President 	 
	 	 	 	 
	 

[Signature Pages]

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA

 	 
	 	By:  	/s/ Jay T. Sartain
 	 
	 	 	Name:  	Jay T. Sartain 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Pages]

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A.

 	 
	 	By:  	/s/ Catherine Stacy
 	 
	 	 	Name:  	Catherine Stacy 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Pages]

 

 

SCHEDULE I

	 	 	 	 	 	 	 	 	 
	 	 	Commitment Amount	 	 	Percentage Commitment	 
	JPMorgan Chase Bank, NA
	 	$	54,843,750.00	 	 	 	21.09	%
	 
	 	 	 	 	 	 	 	 
	BNP Paribas
	 	$	40,000,000.00	 	 	 	15.38	%
	 
	 	 	 	 	 	 	 	 
	Key Bank National Association
	 	$	48,750,000.00	 	 	 	18.75	%
	 
	 	 	 	 	 	 	 	 
	Royal Bank of Canada
	 	$	48,750,000.00	 	 	 	18.75	%
	 
	 	 	 	 	 	 	 	 
	The Frost National Bank
	 	$	42,656,250.00	 	 	 	16.41	%
	 
	 	 	 	 	 	 	 	 
	Wells Fargo Bank, N.A.
	 	$	25,000,000.00	 	 	 	9.62	%
	 
	 	 	 	 	 	 	 	 
	TOTAL
	 	$	260,000,000.00	 	 	 	100.00	%

 

 

EXHIBIT “B”

REVOLVING NOTE

					
	 	 	 	 	 
	$_________________
	 	Dallas, Texas
	 	October 7, 2011

     FOR VALUE RECEIVED, the undersigned APPROACH RESOURCES INC., a Delaware corporation
(“Borrower”), hereby unconditionally promises to pay to the order of __________________ (“Lender”)
at the offices of JPMORGAN CHASE BANK, N.A. (“Agent”) in Dallas County, Texas, the principal sum of
_______ MILLION AND NO/100 DOLLARS ($_________________), or so much thereof as may be advanced by
Lender and outstanding at any time or from time to time pursuant to the Credit Agreement (as
hereinafter defined) in lawful money of the United States of America together with interest from
the date hereof until paid at the rates specified in the Credit Agreement. All payments of
principal and interest due hereunder are payable at the offices of Agent at 2200 Ross Avenue, Third
Floor, Dallas, Texas 75201, Attention: Kimberly A. Bourgeois, or at such other address as Agent
shall designate in writing to Borrower.

     The principal and all accrued interest on this Note shall be due and payable in accordance
with the terms and provisions of the Credit Agreement.

     This Note is executed pursuant to that certain Credit Agreement dated January 18, 2008 by and
among Borrower, Agent and the other Lenders parties thereto, as amended (as amended, the “Credit
Agreement”) and is one of the Notes referred to therein. Reference is made to the Credit Agreement
and the Loan Documents (as that term is defined in the Credit Agreement) for a statement of
prepayment rights and obligations of Borrower, for a statement of the terms and conditions under
which the due date of this Note may be accelerated and for statements regarding other matters
affecting this Note (including without limitation the obligations of the holder hereof to advance
funds hereunder, principal and interest payment due dates, voluntary and mandatory prepayments,
exercise of rights and remedies, payment of attorneys’ fees, court costs and other costs of
collection and certain waivers by Borrower and others now or hereafter obligated for payment of any
sums due hereunder). Upon the occurrence of an Event of Default (as that term is defined in the
Credit Agreement and Loan Documents) Agent may declare forthwith to be entirely and immediately due
and payable the principal balance hereof and the interest accrued hereon, and Lender shall have all
rights and remedies of a Lender under the Credit Agreement and Loan Documents. This Note may be
prepaid in accordance with the terms and provisions of the Credit Agreement.

     Regardless of any provision contained in this Note, the holder hereof shall never be entitled
to receive, collect or apply, as interest on this Note, any amount in excess of the Maximum Rate
(as such term is defined in the Credit Agreement), and, if the holder hereof ever receives,
collects, or applies as interest any such amount which would be excessive interest, it shall be
deemed a partial prepayment of principal and treated hereunder as such; and, if the indebtedness
evidenced hereby is paid in full, any remaining excess shall forthwith be paid to Borrower. In
determining whether or not the interest paid or payable under any specific

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contingency exceeds the Maximum Rate, Borrower and the holder hereof shall, to the maximum
extent permitted under applicable law (i) characterize any non-principal payment as an expense, fee
or premium rather than as interest, (ii) exclude voluntary prepayments and the effects thereof, and
(iii) spread the total amount of interest throughout the entire contemplated term of the
obligations evidenced by this Note and/or referred to in the Credit Agreement so that the interest
rate is uniform throughout the entire term of this Note; provided that, if this Note is paid and
performed in full prior to the end of the full contemplated term thereof and if the interest
received for the actual period of existence thereof exceeds the Maximum Rate, the holder hereof
shall refund to Borrower the amount of such excess or credit the amount of such excess against the
indebtedness evidenced hereby, and, in such event, the holder hereof shall not be subject to any
penalties provided by any laws for contracting for, charging, taking, reserving or receiving
interest in excess of the Maximum Rate.

     If any payment of principal or interest on this Note shall become due on a day other than a
Business Day (as such term is defined in the Credit Agreement), such payment shall be made on the
next succeeding Business Day and such extension of time shall in such case be included in computing
interest in connection with such payment.

     If this Note is placed in the hands of an attorney for collection, or if it is collected
through any legal proceeding at law or in equity or in bankruptcy, receivership or other court
proceedings, Borrower agrees to pay all costs of collection, including, but not limited to, court
costs and reasonable attorneys’ fees.

     Borrower and each surety, endorser, guarantor and other party ever liable for payment of any
sums of money payable on this Note, jointly and severally waive presentment and demand for payment,
notice of intention to accelerate the maturity, protest, notice of protest and nonpayment, as to
this Note and as to each and all installments hereof, and agree that their liability under this
Note shall not be affected by any renewal or extension in the time of payment hereof, or in any
indulgences, or by any release or change in any security for the payment of this Note, and hereby
consent to any and all renewals, extensions, indulgences, releases or changes.

     This Note renews and replaces, but does not extinguish, the amounts remaining unpaid on that
certain promissory note dated May 4, 2011, executed by Borrower and payable to the order of Lender.
[This paragraph does not apply to the Wells Fargo Bank, N.A. Note.]

     THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA AND THE LAWS OF THE STATE OF TEXAS. BORROWER AGREES THAT THIS NOTE IS
PERFORMABLE IN TARRANT COUNTY, TEXAS AND THAT SUCH COUNTY IS PROPER VENUE FOR ANY ACTION OR
PROCEEDING INVOLVING THIS NOTE TO THE EXCLUSION OF ALL OTHER VENUES.

     THIS INSTRUMENT SECURES A LINE OF CREDIT USED PRIMARILY FOR BUSINESS, COMMERCIAL OR
AGRICULTURAL PURPOSES.

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     THIS WRITTEN NOTE, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL
AGREEMENTS BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.

     EXECUTED as of the date and year first above written.

	 	 	 	 	 
	 	BORROWER:

APPROACH RESOURCES INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Steven P. Smart, Executive Vice President and  	 
	 	 	Chief Financial Officer 	 
	 

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