Document:

Exhibit 10.1 Third Amendment to Credit Agreement

    Exhibit
      10.1

    THIRD
      AMENDMENT TO CREDIT AGREEMENT

     

    THIRD
      AMENDMENT (this “Amendment”),
      dated
      as of May 7, 2007, to that certain Credit Agreement dated as of
      May 11, 2005 (as heretofore amended, supplemented or otherwise
      modified, the “Credit
      Agreement”),
      among
      BOIS D’ARC ENERGY, INC., a Nevada corporation (“Borrower”),
      the
      banks and other financial institutions from time to time parties thereto (the
      “Lenders”),
      THE
      BANK OF NOVA SCOTIA, as administrative agent (in such capacity, the
“Administrative
      Agent”),
      CALYON NEW YORK BRANCH, as syndication agent (in such capacity, the
“Syndication
      Agent”),
      and
      REGIONS BANK (successor by merger to AmSouth Bank), as documentation agent
      (in
      such capacity, the “Documentation
      Agent”).

     

    W I T N E S S E T H
      :

     

    WHEREAS,
      Borrower, the Lenders, the Syndication Agent, the Administrative Agent and
      the
      Documentation Agent are parties to the Credit Agreement; and

     

    WHEREAS,
      Borrower has requested to increase the Borrowing Base from $200,000,000 to
      $225,000,000 in accordance with Section 2.8
      of the
      Credit Agreement, and the Lenders and the Administrative Agent are agreeable
      to
      such request upon the terms and subject to the conditions set forth
      herein;

     

    NOW,
      THEREFORE, in consideration of the premises herein contained and for other
      good
      and valuable consideration, the receipt of which is hereby acknowledged, the
      parties hereto agree as follows:

     

    1.  Defined
      Terms.
      Unless
      otherwise defined herein, capitalized terms used herein which are defined in
      the
      Credit Agreement are used herein as therein defined.

     

    2.  Amendments
      to Credit Agreement.
      The
      Credit Agreement is hereby amended as follows:

     

    (a)  Definition
      of “Maximum Loan Amount”.
      The
      definition of “Maximum Loan Amount” set forth in Section
      1.1
      of the
      Credit Agreement is hereby amended and restated to provide as
      follows:

     

    “Maximum
      Loan Amount”
means
      $350,000,000, as such amount may be reduced from time to time pursuant to
Section 2.5.”

     

    (b)  Amendment
      to Schedule 2.1 (Commitments and Percentage Shares).
      Schedule 2.1
      of the
      Credit Agreement is hereby amended by deleting the Schedule 2.1
      attached
      to the Credit Agreement and inserting in place thereof the new Schedule 2.1
      attached
      to this Amendment as Annex 1.

     

    3.  Redetermination
      of the Borrowing Base.
      In
      accordance with the procedure set forth in Section 2.8
      of the
      Credit Agreement, the Borrowing Base is increased from $200,000,000 to
      $225,000,000, such increase to be effective as of the Effective Date (as defined
      below) and to remain in effect until the Borrowing Base is otherwise
      redetermined in accordance with the Credit Agreement.

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.  Conditions
      to Effectiveness.
      This
      Amendment shall become effective as of the date (the “Effective
      Date”)
      on
      which the following conditions shall have been satisfied (or waived in
      accordance with Section 10.1
      of the
      Credit Agreement), provided that all such conditions shall be satisfied (or
      waived) by no later than May 31, 2007:

     

    (a)  The
      Administrative Agent shall have received the following, each of which shall
      be
      originals or facsimiles (followed promptly by originals) unless otherwise
      specified, each properly executed by a Responsible Officer of the signing Loan
      Party, each dated as of the Effective Date (or, in the case of certificates
      of
      governmental officials, a recent date before the Effective Date) and each in
      form and substance satisfactory to the Administrative Agent and its legal
      counsel:

     

    (i)  counterparts
      of this Amendment executed by the Borrower, the Administrative Agent and each
      Lender and acknowledged by each Guarantor;

     

    (ii)  Pledged
      Notes executed by each of the Loan Parties and payable to the Borrower, each
      in
      an aggregate principal amount equal to the Maximum Loan Amount, pledged to
      the
      Administrative Agent for the benefit of the Lenders and the Issuing Bank,
      together with transfer powers or instruments executed in blank for each such
      certificate, interest or security;

     

    (iii)  a
      Note
      executed by the Borrower in favor of each Lender, each in an aggregate principal
      amount equal to such Lender’s Percentage Share of the Maximum Loan
      Amount;

     

    (iv)  such
      certificates of resolutions or other action and other certificates of
      Responsible Officers of each Loan Party as the Administrative Agent may require
      to verify the authority and capacity of each Responsible Officer thereof
      authorized to act as a Responsible Officer in connection with this Amendment
      and
      the other Loan Documents to which such Loan Party is a party;

     

    (v)  a
      certificate signed by a Responsible Officer of the Borrower certifying that
      (A) the conditions specified in this Section 4 have been satisfied,
      (B) no change, event or circumstance has occurred or exists (individually
      or in the aggregate) since December 31, 2006 that has or could be
      reasonably expected to have a Material Adverse Effect, (C) no change, event
      or circumstance has occurred in the properties described in the latest
      Engineering Report dated December 31, 2006 delivered pursuant to
Section 6.2(g)
      of the
      Credit Agreement that has or could be reasonably expected to have a Material
      Adverse Effect, (D) there shall exist no action, suit, investigation,
      litigation or proceeding pending or threatened in any court or before any
      arbitrator or Governmental Authority that (x) would reasonably be expected
      to have a Material Adverse Effect or (y) restrains, prevents or imposes or
      can reasonably be expected to impose materially adverse conditions upon the
      Credit Agreement, this Amendment or the transactions contemplated by the Credit
      Agreement or by this Amendment; (E) the Borrower and its Subsidiaries shall
      not have any Indebtedness or Liens on the Effective Date other than permitted
      under the Credit Agreement; and (F) the representations and warranties of
      the Borrower contained in Section 6 of this Amendment, Article V
      of the
      Credit Agreement, and in any document furnished at any time under or in
      connection herewith, are true and correct on and as of the Effective Date
      (except to the extent that such representations and warranties specifically
      refer to an earlier date, in which case they shall be true and correct as of
      such earlier date);

     

     

     

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (vi)  an
      opinion of counsel to each Loan Party substantially in the form of delivered
      in
      connection with the Second Amendment to the Credit Agreement dated as of October
      31, 2006, and otherwise covering the transactions contemplated by this
      Amendment;

     

    (vii)  such
      other assurances, certificates, documents, consents or opinions as the
      Administrative Agent, the Issuing Bank or the Majority Lenders reasonably may
      require.

     

    (b)  All
      fees
      required to be paid on or before the Effective Date pursuant to any of the
      Loan
      Documents, including any fees required to be paid in connection with issuance
      of
      commitment letters by Lenders with respect to the transactions contemplated
      under this Amendment, shall have been paid.

     

    (c)  Unless
      waived by the Administrative Agent, the Borrower shall have paid all costs
      and
      expenses payable to the Administrative Agent pursuant to Section 10.4
      of the
      Credit Agreement to the extent invoiced prior to or on the Effective Date,
      plus
      such
      additional amounts of costs and expenses as shall constitute the Administrative
      Agent’s reasonable estimate of the costs and expenses described in Section 10.4
      of the
      Credit Agreement incurred or to be incurred by it through the closing
      proceedings in connection with this Amendment (provided that such estimate
      shall
      not thereafter preclude a final settling of accounts between the Borrower and
      the Administrative Agent).

     

    (d)  There
      shall exist no pending or threatened litigation, proceedings or investigations
      which could reasonably be expected to have a material adverse effect on the
      financial condition, operations, assets, business, properties or prospects
      of
      the Borrower or any of its Subsidiaries or the transactions contemplated
      hereby.

     

    (e)  The
      representations and warranties of the Borrower contained in Section 6 of
      this Amendment, Article V
      of the
      Credit Agreement, and in any document furnished at any time under or in
      connection herewith, shall be true and correct on and as of the date of such
      Credit Extension, except to the extent that such representations and warranties
      specifically refer to an earlier date, in which case they shall be true and
      correct as of such earlier date.

     

    (f)  No
      Default or Event of Default shall exist, or would result from the transactions
      contemplated by this Amendment.

     

    (g)  All
      corporate and other proceedings, and all documents, instruments and other legal
      matters in connection with this Amendment shall be in form and substance
      reasonably satisfactory to the Administrative Agent.

     

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
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    5.  Reference
      to and Effect on the Loan Documents; Limited Effect.
      On and
      after the date hereof, each reference in the Credit Agreement to “this
      Agreement”, “hereunder”, “hereof” or words of like import referring to the
      Credit Agreement, and each reference in the other Loan Documents to “the Credit
      Agreement”, “thereunder”, “thereof” or words of like import referring to the
      Credit Agreement, shall mean and be a reference to the Credit Agreement as
      amended hereby. 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 any Lender or the Administrative Agent under any
      of
      the Loan Documents, nor constitute a waiver of any provisions of any of the
      Loan
      Documents. Except as expressly amended herein, all of the provisions and
      covenants of the Credit Agreement and the other Loan Documents are and shall
      continue to remain in full force and effect in accordance with the terms thereof
      and are hereby in all respects ratified and confirmed.

     

    6.  Representations
      and Warranties.
      Each of
      the Borrower and the other Loan Parties represents and warrants to the
      Administrative Agent and Lenders as follows:

     

    (a)  all
      representations and warranties set forth in the Credit Agreement and the other
      Loan Documents are true and correct in all material respects with the same
      effect as though such representations and warranties have been made on and
      as of
      the date hereof, except to the extent that any such representation or warranty
      relates solely to an earlier date, in which case it shall have been true and
      correct in all material respects as of such earlier date;

     

    (b)  no
      Default or Event of Default has occurred and is continuing on the date
      hereof;

     

    (c)  since
      December 31, 2006, there has been no change, event or occurrence
      (individually or in the aggregate) that has had or could reasonably be expected
      to have a Material Adverse Effect;

     

    (d)  each
      Loan
      Party has the power and authority to make, deliver and perform this Amendment
      and has taken any and all necessary action to authorize the execution, delivery
      and performance of this Amendment and no consent or authorization of, or filing
      with, any Person (including, without limitation, any governmental authority),
      is
      required in connection with the execution, delivery or performance by the Loan
      Parties, or the validity or enforceability against the Loan Parties, of this
      Amendment, other than such consents, authorizations or filings which have been
      made or obtained;

     

    (e)  this
      Amendment has been duly executed and delivered by the Loan Parties and this
      Amendment constitutes the legal, valid and binding obligation of the Loan
      Parties, enforceable against the Borrower in accordance with its
      terms;

     

    (f)  none
      of
      Borrower or its Subsidiaries has made or permitted to occur or exist any
      Dispositions or Lien on all Properties purported to be included in the Borrowing
      Base since the delivery of the evidence of such person’s title to such
      properties delivered pursuant to Section 4.1(a)(vii)
      other
      than permitted under the Credit Agreement;

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
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    (g)  on
      the
      date hereof and after giving effect to the increase in the Commitment and the
      other transactions contemplated by this Amendment, each Security Document has
      been duly executed and delivered on behalf of such Loan Party that is a party
      thereto and is the legal, valid and binding obligations of such Loan Party,
      enforceable against such Loan Party in accordance with its terms and secures
      the
      obligations and liabilities of the Borrower and the other Loan Parties to the
      Lenders pursuant to the Credit Agreement, the Note, including extensions of
      credit up to an aggregate principal amount not to exceed $350,000,000, and
      the
      other Loan Documents, as amended by this Amendment;

     

    (h)  on
      the
      date hereof and after giving effect to the increase in the Commitment and the
      other transactions contemplated by this Amendment, each of the Mortgage and
      the
      Subordinate Mortgage complies with all applicable recording and filing laws
      of
      the States of Louisiana and Texas, and creates, under the laws of the States
      of
      Louisiana and Texas, a legally valid perfected mortgage lien in favor of the
      Administrative Agent for the benefit of the Lenders, in the case of the
      Mortgage, or Bois d’Arc Energy, Inc., in the case of the Subordinate Mortgage,
      on all right, title and interest of Bois d’Arc Energy, L.P. in and to the
      Mortgaged Property (as defined therein), including all property purported to
      be
      included in the Borrowing Base, to secure the obligations and liabilities of
      the
      Borrower to the Lenders pursuant to the Credit Agreement, the Notes, including
      extensions of credit up to an aggregate principal amount not to exceed
      $350,000,000, and the other Loan Documents, as amended by this Amendment;

     

    (i)  the
      increases in the Commitments contemplated by this Amendment and any additional
      increases in such Commitments that shall be approved subject to and in
      accordance with the terms of the Credit Agreement, up to an aggregate principal
      amount of $350,000,000 outstanding at any time, are reasonably within the
      contemplation of the parties at the time of the execution and delivery of the
      Mortgage, the increases in the Pledged Notes contemplated by this Amendment
      and
      any additional increases in such Pledged Notes that shall be approved subject
      to
      and in accordance with the terms of the Credit Agreement, up to an aggregate
      principal amount of $350,000,000 outstanding at any time, are reasonably within
      the contemplation of the parties at the time of the execution and delivery
      of
      the Subordinate Mortgage; 

     

    (j)  the
      Borrower is solvent and the Loan Parties, taken as a whole, are solvent, in
      each
      case, after giving effect to Loans and Letters of Credit, the transactions
      contemplated by this Amendment and the payment of all estimated legal,
      accounting and other fees related hereto and thereto; and

     

    (k)  the
      Borrower and its Subsidiaries have received all consents and authorizations
      required pursuant to any material contractual obligation with any other Person
      and have obtained all permits, licenses and other approvals of, and effected
      all
      notices to and filings with, any Governmental Authority, in each case, necessary
      to allow each of the Borrower and its Subsidiaries lawfully (A) to execute,
      deliver and perform, in all material respects, their respective obligations
      under the Loan Documents and the related documents to which each of them,
      respectively, is, or shall be, a party and each other agreement or instrument
      to
      be executed and delivered by each of them, respectively, pursuant thereto or
      in
      connection therewith and (B) to create and perfect the Liens on the
      Collateral to be owned by each of them in the manner and for the purpose
      contemplated by the Loan Documents, and all such matters are in full force
      and
      effect.

     

     

     

     

     

     

     

    
      
        
        

      

      
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    7.  Liens
      and Security Interests.
      Borrower and each Guarantor, as of the Effective Date and after giving effect
      to
      the amendments contained herein, hereby ratify and confirm all Liens and
      security interests granted by Borrower and each Guarantor to Lenders to secure
      Borrower’s prompt payment and performance of all obligations of Borrower arising
      under the Loan Documents, including each Note and Guarantee. Borrower hereby
      agrees that the Pledged Notes delivered pursuant to Section 4(a)(ii)
      constitute Collateral (as defined in the Pledge Agreement executed and delivered
      by the Borrower) and that Attachment 1 to such Pledge Agreement is hereby
      amended to include such Pledged Notes.

     

    8.  Counterparts.
      This
      Amendment may be executed by one or more of the parties hereto in any number
      of
      separate counterparts (which may include counterparts delivered by facsimile
      transmission) and all of said counterparts taken together shall be deemed to
      constitute one and the same instrument. Any executed counterpart delivered
      by
      facsimile transmission shall be effective as an original for all purposes
      hereof. The execution and delivery of this Amendment by any Lender shall be
      binding upon each of its successors and assigns (including transferees or
      Participants of its Commitments and Loans in whole or in part prior to
      effectiveness hereof) and binding in respect of all of its Commitments and
      Loans, including any acquired subsequent to its execution and delivery hereof
      and prior to the effectiveness hereof.

     

    9.  GOVERNING
      LAW.

     

    (a)  THIS
      AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
      THE
      STATE OF TEXAS APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN
      SUCH STATE (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF RELATING TO CONFLICT
      OF LAW; PROVIDED
      THAT THE
      ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER
      FEDERAL LAW).

     

    (b)  ANY
      LEGAL
      ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT
      MAY BE BROUGHT IN THE COURTS OF THE STATE OF TEXAS SITTING IN HOUSTON, TEXAS
      OR
      OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION
      AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE ADMINISTRATIVE AGENT AND
      EACH
      LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE
      JURISDICTION OF THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH
      LENDER 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.
      THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE
      OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER
      MEANS
      PERMITTED BY THE LAW OF SUCH STATE.

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
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    10.  Waiver
      of Right to Trial by Jury.
      EACH
      PARTY TO THIS AMENDMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY
      OF
      ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT
      OR
      IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
      PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE
      TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
      ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
      HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
      ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO
      THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH
      ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE
      WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

     

    11.  ENTIRE
      AGREEMENT.
      The
      Credit Agreement, as amended by this Agreement, together with the other Loan
      Documents, comprises the complete and integrated agreement of the parties on
      the
      subject matter hereof and thereof and supersedes all prior agreements, written
      or oral, on such subject matter. THE
      CREDIT AGREEMENT, AS AMENDED BY THIS AGREEMENT, AND THE OTHER LOAN DOCUMENTS
      REPRESENT THE FINAL AGREEMENT 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.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    

    
      
        
        

        
        

      

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

     

    
      	 	
              BOIS
                D’ARC ENERGY, INC.

            
	 	 
	 	 
	 	
              By: /s/
                ROLAND O. BURNS

            
	 	
              Name: Roland
                O. Burns

            
	 	
              Title: Senior
                Vice President

            
	 	
              and
                Chief Financial Officer

            

    

    

    

    
      	 	
              THE
                BANK OF NOVA SCOTIA, as

            
	 	
              Administrative
                Agent, Lead Arranger and Lender

            
	 	 
	 	 
	 	
              By: /s/
                RICHARD HAWTHORNE

            
	 	
              Name: Richard
                Hawthorne

            
	 	
              Title: Director

            

    

    

    

    
      	 	
              CAYLON
                NEW YORK BRANCH, as Syndication

            
	 	
              Agent
                and Lender

            
	 	 
	 	 
	 	
              By: /s/
                DENNIS PETITO

            
	 	
              Name: Dennis
                Petito

            
	 	
              Title: Managing
                Director

            
	 	 
	 	 
	 	
              By: /s/
                MICHAEL WILLIS

            
	 	
              Name: Michael
                Willis

            
	 	
              Title: Director

            

    

    

    

    
      	 	
              REGIONS
                BANK, as

            
	 	
              Documentation
                Agent and Lender

            
	 	 
	 	 
	 	
              By: /s/
                WA PHILIPP

            
	 	
              Name: W
                A
                Phillip

            
	 	
              Title: Vice
                President

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              NATIXIS
                (formerly known as Natexis Banques

            
	 	
              Populaires),
                as Lender

            
	 	 
	 	 
	 	
              By: /s/
                DONOVAN C. BROUSSARD

            
	 	
              Name: Donovan
                C. Broussard

            
	 	
              Title: Managing
                Director

            
	 	 
	 	 
	 	
              By: /s/
                LOUIS P. LAVILLE, III

            
	 	
              Name: Louis
                P. Laville, III

            
	 	
              Title: Managing
                Director

            

    

    

    

    
      	 	
              UNION
                BANK OF CALIFORNIA, N.A, as 

            
	 	 
	 	 
	 	
              By: /s/
                SEAN MURPHY

            
	 	
              Name: Sean
                Murphy

            
	 	
              Title: Vice
                President

            

    

    

    

    
      	 	
              BMO
                CAPITAL MARKETS FINANCING, INC.,

            
	 	
              Formerly
                known as (Harris Nesbit Financing, Inc.),

            
	 	
              as
                Lender

            
	 	 
	 	 
	 	
              By: /s/
                MARY LOU ALLEN

            
	 	
              Name: Mary
                Lou Allen

            
	 	
              Title: Vice
                President

            

    

    

    

    
      	 	
              BANK
                OF AMERICA, N.A, as Lender 

            
	 	 
	 	 
	 	
              By: /s/
                JEFFREY H. RATHKAMP

            
	 	
              Name: Jeffrey
                H. Rathcamp

            
	 	
              Title: Managing
                Director

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    
      	 	
              COMERICA
                BANK, as Lender

            
	 	 
	 	 
	 	
              By: /s/
                PAUL L. SEFZIK

            
	 	
              Name: Paul
                L. Sefzik

            
	 	
              Title: Vice
                President

            

    

    

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ACKNOWLEDGMENT
      BY GUARANTORS

     

    Each
      of
      the undersigned Guarantors hereby (i) consents to the terms and conditions
      of that certain Third Amendment dated as of May 7, 2007 (the “Amendment”), to
      that certain Credit Agreement dated as of May 11, 2005, as heretofore
      amended, (ii) acknowledges and agrees that its consent is not required for
      the effectiveness of the Amendment, (iii) ratifies and acknowledges its
      respective Obligations under each Loan Document to which it is a party,
      (iv) grants to the Administrative Agent for its benefit and the ratable
      benefit of each of the Lenders, a lien and a continuing security interest in
      the
      Collateral (as such term is defined in the respective Security Agreements and
      the Pledge Agreements) to secure the Secured Obligations (as defined therein),
      and (v) represents and warrants that (a) no Default or Event of
      Default has occurred and is continuing, (b) it is in full compliance with
      all covenants and agreements pertaining to it in the Loan Documents, (c) it
      has reviewed a copy of the Amendment and (d) its Pledged Note delivered
      pursuant to Section 4(a)(ii) of the Amendment constitutes its legal, valid
      and binding obligation, enforceable against it in accordance with its
      terms.

     

    

     

    
      	 	
              BOIS
                D’ARC OIL & GAS COMPANY LLC,

            
	 	
              as
                Guarantor

            
	 	 
	 	 
	 	
              By: /s/
                ROLAND O. BURNS

            
	 	
              Name: Roland
                O. Burns

            
	 	
              Title: Senior
                Vice President

            
	 	
              and
                Chief Financial Officer

            
	 	
              Date: May
                7, 2007

            

    

    

    

    
      	 	
              BOIS
                D’ARC HOLDINGS, LLC, as Guarantor

            
	 	 
	 	 
	 	
              By: /s/
                ROLAND O. BURNS

            
	 	
              Name: Roland
                O. Burns

            
	 	
              Title: Senior
                Vice President

            
	 	
              and
                Chief Financial Officer

            
	 	
              Date: May
                7, 2007

            

    

    

    

    
      	 	
              BOIS
                D’ARC OFFSHORE LTD., as Guarantor

            
	 	 
	 	 
	 	
              By: /s/
                ROLAND O. BURNS

            
	 	
              Name: Roland
                O. Burns

            
	 	
              Title: Senior
                Vice President

            
	 	
              and
                Chief Financial Officer

            
	 	
              Date: May
                7, 2007

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              BOIS
                D’ARC PROPERTIES, LP, as Guarantor

            
	 	 
	 	 
	 	
              By: /s/
                ROLAND O. BURNS

            
	 	
              Name: Roland
                O. Burns

            
	 	
              Title: Senior
                Vice President

            
	 	
              and
                Chief Financial Officer

            
	 	
              Date: May
                7, 2007

            

    

    

    

    
      	 	
              BOIS
                D’ARC ENERGY, INC., as Guarantor

            
	 	 
	 	 
	 	
              By: /s/
                ROLAND O. BURNS

            
	 	
              Name: Roland
                O. Burns

            
	 	
              Title: Senior
                Vice President

            
	 	
              and
                Chief Financial Officer

            
	 	
              Date: May
                7, 2007

            

    

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    

     

    SCHEDULE
      2.1

     

    

     

    COMMITMENTS

     

    AND
      PERCENTAGE SHARES

     

    

     

    
      	
              Lender

               

            	
              Commitment

               

            	
              Percentage
                Share

               

            
	
              The
                Bank of Nova Scotia

               

            	
              $61,250,000.00

               

            	
              17.500000000%

               

            
	
              Regions
                Bank

               

            	
              $52,500,000.00

               

            	
              15.000000000%

               

            
	
              Calyon
                New York Branch

               

            	
              $52,500,000.00

               

            	
              15.000000000%

               

            
	
              Natixis

               

            	
              $43,750,000.00

               

            	
              12.500000000%

               

            
	
              Bank
                of America, N.A.

               

            	
              $35,000,000.00

               

            	
              10.000000000%

               

            
	
              Comerica
                Bank

               

            	
              $35,000,000.00

               

            	
              10.000000000%

               

            
	
              Union
                Bank of California, N.A.

               

            	
              $35,000,000.00

               

            	
              10.000000000%

               

            
	
              BMO
                Capital Markets Financing, Inc.

               

            	
              $35,000,000.00

               

            	
              10.000000000%

               

            
	
               

               

              Total

               

            	
               

               

              $350,000,000.00

               

            	
               

               

              100.000000000%exh101.htm

    Exhibit
      10.1

     

    

    FIRST
      AMENDMENT TO THE

    HERSHEY
      COMPANY DEFERRED COMPENSATION PLAN

    

    WHEREAS,
      The Hershey Company (the “Company”) currently maintains The Hershey Company
      Deferred Compensation Plan (the “Plan”);

    

    WHEREAS,
      the Board of Directors of the Company (the "Board") has delegated to the
      Employee Benefits Committee of the Company (the "Committee") the power and
      authority to amend the Plan (1) to make non-substantive technical corrections,
      or (2) in any other manner, to the extent the amendment(s) do not materially
      affect the Company's liability and expense for the year;

    

    WHEREAS,
      the Committee now considers it desirable to amend the Plan to make certain
      non-substantive technical corrections and other minor changes to effectuate
      the
      desired administration of the Plan;

    

    WHEREAS,
      the Committee has determined that the desired amendment is within the
      Committee's amendment authority; and

    

    WHEREAS,
      this amendment shall supersede the provisions of the Plan to the extent those
      provisions are inconsistent with the provisions of this amendment.

    

    NOW,
      THEREFORE, BE IT RESOLVED that, by virtue and in exercise of the power reserved
      to the Compensation and Executive Organization Committee of the Board by Section
      8.1 of the Plan, and pursuant to the authority delegated to the Committee by
      the
      Board, the Plan is hereby amended, effective January 1, 2007, as
      follows:

    

    
      	
              1.

            	
              Section
                1.24 of the Plan is amended to read as
                follows:

            

    

    

    "Participant"
      means an employee of the Company who meets the eligibility criteria for
      participation in this Plan established by the Plan Administrator from time
      to
      time.

    

    
      	
              2.

            	
              Section
                5.1.b. of the Plan is amended to read as
                follows:

            

    

    

    Distributions
      shall be made or commence (in the case of installment payments) within ninety
      (90) days following the occurrence of a distributable event set forth under
      Section 5.2.a. or 5.2.b.  In the event a Participant has elected to
      receive annual installment payments, payments after the initial installment
      shall be made as soon as administratively practicable during the first calendar
      quarter of each calendar year after the year in which the prior installment
      payment was made.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              3.

            	
              Section
                5.2.a. is amended to read as
                follows:

            

    

    

    As
      of a
      specified date or time.

    

    

    

    IN
      WITNESS WHEREOF, the Committee has caused this amendment to be executed this
      20th
      day
      of March, 2007.

    

    

    

    
      	 	
              EMPLOYEE
                BENEFITS COMMITTEE OF THE

              HERSHEY
                COMPANY

            
	 	
               

               

              By:     /s/
                Marcella K.
                Arline                              

              Marcella
                K. Arline

              Senior
                Vice President, Chief People Officer

              Chair,
                Employee Benefits Committee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]