Document:

hcom_Ex_10_1

		
			Exhibit 10.1
		

		
			 
		

		
			FIRST AMENDMENT TO CREDIT AGREEMENT
		

		
			 
		

		
			This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) is entered into as of May 7, 2018, among HAWAIIAN TELCOM COMMUNICATIONS, INC., a Delaware corporation (the “Borrower”), each of the subsidiaries of the Borrower identified as guarantors on the signature pages hereto (individually, a “Guarantor” and, collectively, the “Guarantors”; and together with the Borrower, individually a “Loan Party” and, collectively, the “Loan Parties”), COBANK, ACB, as the Administrative Agent (the “Administrative Agent”), and each of the financial institutions executing this Agreement and identified as a Lender on the signature pages hereto (collectively, the “Consenting Lenders”).
		

		
			RECITALS
		

		
			WHEREAS, the Borrower, the Administrative Agent and the Lenders (as defined therein) have entered into that certain Credit Agreement, dated as of February 24, 2017, as modified by that certain Guarantor Joinder, dated as of May 4, 2017, by and among the Borrower, the Administrative Agent, and the guarantors party thereto (as so amended and as amended, modified, supplemented, extended or restated from time to time, the “Credit Agreement”); and
		

		
			WHEREAS, the Borrower has requested and the Consenting Lenders, in their capacity as Required Lenders under the Credit Agreement, have agreed, subject to the terms and conditions provided herein, to certain amendments with respect to the Loan Documents as more fully described herein.
		

		
			NOW, THEREFORE, in consideration of the foregoing and the agreements set forth in this Agreement, each of the Borrower, the Guarantors, the Administrative Agent and the Consenting Lenders hereby agrees as follows:
		

			
	
			
				SECTION 1.  
			Defined Terms.  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement.

			
	
			
				SECTION 2.  
			Amendments to Credit Agreement.  In reliance on the representations, warranties and affirmations of the Borrower and the Guarantors contained in this Agreement and in connection with the request of the Borrower for the amendments provided herein and subject to the satisfaction of the conditions precedent to this Agreement as described below, effective as of the date hereof, Section 8.2 of the Credit Agreement is hereby amended and restated in its entirety as set forth below:

			
	
			
				 2.2
			

			
	
			
			Maximum Leverage Ratio.  The Loan Parties shall maintain at all times, commencing on the Closing Date, measured at each fiscal quarter end and maintained through the next measurement date, a Leverage Ratio of the Parent and its Subsidiaries on a Consolidated basis of not more than the ratios set forth below for the periods specified below:

			
					
						PERIOD

					
					
						RATIO

				
	
					
						Closing Date through December 31, 2018

					
					
						3.25:  1.00

				
	
					
						January 1, 2019 through June 30, 2019

					
					
						3.00:  1.00

				
	
					
						July 1, 2019 through December 31, 2020

					
					
						2.75:  1.00

				
	
					
						January 1, 2021 and thereafter

					
					
						2.50:  1.00

				

		
			 
		

			
	
			
				SECTION 3.  
			No Novation.  This Agreement shall not constitute a novation of the Credit Agreement or any other Loan Document.  Except as expressly provided in this Agreement, the execution and delivery of this Agreement does not and will not amend, modify or supplement any provision of, or constitute a consent to or a waiver of any noncompliance with the provisions of, the Loan Documents, and the Loan Documents shall remain in full force and effect.  On and after the effectiveness of this Agreement, 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 by this Agreement. 

			
	
			
				SECTION 4.  
			Representations and Warranties.  Each of the Loan Parties hereby represents and warrants to the Administrative Agent and the Lenders as follows:

			
	
			
				 (A)
			Such Loan Party has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Agreement in accordance with its terms.  This Agreement has been duly executed and delivered by such Loan Party and is a legal, valid and binding obligation of it, enforceable against it in accordance 

		 

 

	with its terms, as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally.

			
	
			
				 (B)
			The execution, delivery and performance of this Agreement in accordance with its terms do not and will not, by the passage of time, the giving of notice or otherwise,

			
	
			
				 (1)
			require any Governmental Authority or violate any Law;

			
	
			
				 (2)
			conflict with, result in a breach of or constitute a default under the Organizational Documents of such Loan Party;

			
	
			
				 (3)
			conflict with, result in a breach of or constitute a default under any Material Contract to which any Loan Party is a party or by which it is bound; or

			
	
			
				 (4)
			result in or require the creation or imposition of any Lien (except as permitted by the Loan Documents) upon or with respect to any property now owned or hereafter acquired by such Loan Party.

		
			(C)The representations and warranties of such Loan Party set forth in the Loan Documents are true, correct and complete, except such representations and warranties that are not qualified in the Loan Documents by reference to materiality or a Material Adverse Effect shall then be true and correct in all material respects as of the date hereof (except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall have been true and correct in all material respects as of such earlier date).
		

		
			(D)No event shall have occurred and be continuing that constitutes an Event of Default or a Default.
		

		
			 
		

			
	
			
				SECTION 5.  
			Borrower Confirmations.  The Borrower hereby confirms and agrees that (a) each Collateral Document is and shall continue to be in full force and effect, and (b) the obligations secured by each such document include any and all obligations of the Loan Parties to the Secured Parties under the Credit Agreement as amended hereby.

			
	
			
				SECTION 6.  
			Guarantor Confirmations.  Each of the Guarantors hereby confirms and agrees that (a) its guarantee contained in the Credit Agreement and each Collateral Document to which it is a party is and shall continue to be in full force and effect, and (b) the obligations guaranteed or secured by each such applicable document include any and all obligations of the Loan Parties to the Secured Parties under the Credit Agreement as amended hereby.

			
	
			
				SECTION 7.  
			Effectiveness of this Agreement.  This Agreement shall be effective only upon (i) receipt by the Administrative Agent of an execution counterpart hereto signed by the Borrower, each Guarantor, and the Required Lenders, and (ii) payment by Borrower to Administrative Agent, on behalf of and for the benefit of the Consenting Lenders, of an amendment fee for each Consenting Lender equal to the result of (a) 5 bps multiplied by (b) the sum of (1) such Consenting Lender’s Revolving Commitment and (2) the outstanding principal amount of such Consenting Lender’s Term Loans.

			
	
			
				SECTION 8.  
			Costs and Expenses.  The Borrower agrees to pay to the Administrative Agent, on demand, all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent, including, without limitation, the reasonable and documented fees and expenses of counsel retained by the Administrative Agent, in connection with the negotiation, preparation, execution and delivery of this Agreement and all other instruments and documents contemplated hereby.

			
	
			
				SECTION 9.  
			Counterparts.  This Agreement may be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which, when so, executed shall be deemed an original, but all such counterparts shall constitute one and the same instrument.  Each party hereto acknowledges and agrees that a facsimile or an electronic (“.pdf” or “.tif”) transmission to the Administrative Agent of signature pages hereof purporting to be signed on behalf of such party shall constitute effective and binding execution and delivery hereof by such party.

			
	
			
				SECTION 10.  
			Governed under Provisions of Credit Agreement.  This Agreement is subject to, shall be governed by and shall be construed and enforced in accordance with all provisions of the Credit Agreement, including the governing law provisions thereof.

		
			 
		

		
			[Signatures Follow on Next Page.]
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			Witness the due execution hereof by the respective duly authorized officers of the undersigned as of the date first written above.
		

		
			BORROWER:
		

		
			 
		

		
			HAWAIIAN TELCOM COMMUNICATIONS, INC. 
		

		
			 
		

		
			 
		

		
			By:  /s/ Dan T. Bessey
		

		
			Dan T. Bessey
		

		
			Senior Vice President, Chief Financial Officer and Treasurer
		

		
			 
		

		
			 
		

		
			 
		

		
			GUARANTORS:
		

		
			 
		

		
			HAWAIIAN TELCOM HOLDCO, INC.,
		

		
			HAWAIIAN TELCOM, INC.,
		

		
			HAWAIIAN TELCOM SERVICES COMPANY, INC.,
		

		
			SYSTEMMETRICS CORPORATION
		

		
			 
		

		
			 
		

		
			By:  /s/ Dan T. Bessey
		

		
			Dan T. Bessey
		

		
			Senior Vice President, Chief Financial Officer and Treasurer
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
			[Signatures continued from previous page.]
		

		
			 
		

		
			 
		

		
			 
		

		
			COBANK, ACB, as the Administrative Agent and as a Lender
		

		
			 
		

		
			 
		

		
			By:   /s/ Jacqueline Bove
		

		
			Jacqueline Bove
		

		
			Managing Director
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FIFTH THIRD BANK, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Eric Oberfield
		

		
			Name: Eric Oberfield
		

		
			Title: Director
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			MUFG UNION BANK, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Matthew Hillman
		

		
			Name: Matthew Hillman
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FIRST HAWAIIAN BANK, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Derek Chang
		

		
			Name: Derek Chang
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			EAST WEST BANK, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ David Hill
		

		
			Name: David Hill
		

		
			Title: First Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			WEBSTER BANK N.A., as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Steve Morse
		

		
			Name: Steve Morse
		

		
			Title: VP
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			ROYAL BANK OF CANADA, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Alexander Oliver
		

		
			Name: Alexander Oliver
		

		
			Title: Authorized Signatory
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			AMERICAN SAVINGS BANK, FSB, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Edward Chin
		

		
			Name: Edward Chin
		

		
			Title: First Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			COLUMBIA STATE BANK, as a Lender
		

		
			 
		

		
			 
		

		
			By:  /s/ Thomas G. Gunder
		

		
			Name: Thomas G. Gunder
		

		
			Title: SVP
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			COMPEER FINANCIAL, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Jeremy Voigts
		

		
			Name: Jeremy Voigts
		

		
			Title: Director, Capital Markets
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FCS COMMERCIAL FINANCE GROUP, for AgCountry Farm Credit Services, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Nee Ly
		

		
			Name: Nee Ly
		

		
			Title: Assistant Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FARM CREDIT EAST, ACA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Kerri B. Sears
		

		
			Name: Kerri B. Sears
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FARM CREDIT WEST, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Nathan Garcin
		

		
			Name: Nathan Garcin
		

		
			Title: VP
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FARM CREDIT MID-AMERICA, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/Tabatha Hamilton
		

		
			Name: Tabatha Hamilton
		

		
			Title: Vice President Capital Market
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			MIDATLANTIC FARM CREDIT, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:   /s/ James F. Jones, Jr.
		

		
			Name: James F. Jones, Jr.
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FARM CREDIT BANK OF TEXAS, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Eric Estey
		

		
			Name: Eric Estey
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FARM CREDIT SERVICES OF AMERICA, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Curt A. Brown
		

		
			Name: Curt A. Brown
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			GREENSTONE FARM CREDIT SERVICES, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Shane Prichard
		

		
			Name: Shane Prichard
		

		
			Title: AVP of Capital Markets
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			NORTHWEST FARM CREDIT SERVICES, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Jeremy A. Roewe
		

		
			Name: Jeremy A. Roewe
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			FARM CREDIT OF NEW MEXICO, FLCA, a wholly owned subsidiary of Farm Credit of New Mexico, ACA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Gerald Briese
		

		
			Name: Gerald Briese
		

		
			Title: VP-Agribusines
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			AGFIRST FARM CREDIT BANK, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Christopher R. Reynolds
		

		
			Name: Christopher R. Reynolds
		

		
			Title: AVP
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			AMERICAN AGCREDIT, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  Daniel K. Hansen
		

		
			Name: Daniel K. Hansen
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			GOLDEN STATE FARM CREDIT, FLCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ Walter Lohse
		

		
			Name: Walter Lohse
		

		
			Title: Chief Credit Officer
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
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			AGCHOICE FARM CREDIT, ACA, on behalf of itself and its wholly-owned Subsidiaries, AgChoice Farm Credit, FLCA and AgChoice Farm Credit, PCA, as a Voting Participant
		

		
			 
		

		
			 
		

		
			By:  /s/ William Frailey
		

		
			Name: William Frailey
		

		
			Title: Assistant Vice Presidentcrk-ex101_96.htm

Exhibit 10.1

 

FOURTH AMENDMENT TO CREDIT AGREEMENT

This FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated effective as of March 23, 2018, is among COMSTOCK RESOURCES, INC. (the “Borrower”), the financial institutions party hereto as lenders, and BANK OF MONTREAL, as administrative agent for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”).

PRELIMINARY STATEMENT

A.The Borrower, the Administrative Agent, the Lenders and certain other parties have entered into that certain Credit Agreement dated as of March 4, 2015 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”).

B.The Borrower has informed the Administrative Agent and the Lenders that the principal amount of the Indebtedness outstanding under the 2011 Senior Notes and the 2019 Second Lien Indenture Notes, which are each scheduled to become due on April 2, 2019, will become current liabilities on April 2, 2018.  The Borrower has requested that the Administrative Agent and the Lenders amend Section 7.13(a) of the Credit Agreement to exclude the principal amount of the Indebtedness outstanding under the 2011 Senior Notes and the 2019 Second Lien Indenture Notes from current liabilities. 

C.Subject to the terms and conditions of this Amendment, the Administrative Agent and the Lenders have entered into this Amendment in order to effectuate such amendments and modifications to the Credit Agreement, as set forth herein.

NOW THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, the parties agree as follows:

Section 1.Definitions.  Unless otherwise defined in this Amendment, each capitalized term used in this Amendment has the meaning assigned to such term in the Credit Agreement.

Section 2.Amendments to the Credit Agreement.  Effective as of the Amendment Effective Date, Section 7.13(a) of the Credit Agreement is hereby amended and restated to read as follows: 

“(a)Current Ratio.  The Borrower will not permit, at any time, the ratio of (i) consolidated current assets of the Borrower and the Restricted Subsidiaries (including the unused amount of the Aggregate Commitments, but excluding non-cash assets under ASC Topic 815, formerly FAS 133) to (ii) consolidated current liabilities of the Borrower and the Restricted Subsidiaries (excluding (A) non-cash obligations under ASC Topic 815, formerly FAS 133, that may be classified as current liabilities and current maturities under this Agreement, and (B) the principal amount of the Indebtedness outstanding under the 2011 Senior 

Notes and the 2019 Second Lien Indenture Notes) to be less than 1.0 to 1.0”.

Section 3.Ratification.  The Borrower hereby ratifies and confirms all of the Obligations under the Credit Agreement (as amended hereby) and the other Loan Documents, and, in particular, affirms that the terms of the Security Documents secure, and will continue to secure, all Obligations, after giving effect to this Amendment.

Section 4.Effectiveness.  This Amendment shall become effective on the date (the 
“Amendment Effective Date”) on which each of the conditions set forth in this Section 4 is satisfied:

(a)The Administrative Agent shall have received duly executed counterparts of this Amendment from the Borrower, the Administrative Agent and Lenders comprising at least the Majority Lenders; and

(b)The Borrower shall have confirmed and acknowledged to the Administrative Agent and the Lenders, and by its execution and delivery of this Amendment, the Borrower does hereby confirm and acknowledge to the Administrative Agent and the Lenders, that (i) the execution, delivery and performance of this Amendment has been duly authorized by all requisite corporate action on the part of the Borrower and each other Loan Party; (ii) the Credit Agreement (as amended hereby) and each other Loan Document constitute valid and legally binding agreements enforceable against the Borrower and each other Loan Party that is a party thereto in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws relating to or affecting the enforcement of creditors’ rights generally and by general principles of equity; (iii) the representations and warranties by the Borrower and the other Loan Parties contained in the Credit Agreement and in the other Loan Documents are true and correct on and as of the date hereof in all material respects as though made as of the date hereof; and (iv) no Default or Event of Default exists under the Credit Agreement or any of the other Loan Documents. 

Section 5.Governing Law.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

Section 6.Miscellaneous.  (a) On and after the effectiveness of this Amendment, each reference in each Loan Document to “this Amendment”, “this Note”, “this Mortgage”, “hereunder”, “hereof” or words of like import, referring to such Loan Document, and each reference in each other Loan Document to “the Credit Agreement”, “the Notes”, “the Mortgages”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, the Notes, or the Mortgage or any of them, shall mean and be a reference to such Loan Document, the Credit Agreement, the Notes, the Mortgage or any of them, as amended or otherwise modified by this Amendment; (b) the execution, delivery and effectiveness of this Amendment shall not, operate as a waiver of any default of the Borrower or any right, power or remedy of the Administrative Agent or the Lenders under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents and except as otherwise modified by the terms hereof, the Credit Agreement, the Guaranty and such other Loan 

2

Documents shall remain in full force and effect; (c) this Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement; and (d) delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment.

Section 7.Release of Administrative Agent, Issuing Bank and Lenders; Etc.  In consideration of the amendments set forth in this Amendment, the Borrower and the Guarantors hereby release, acquit, forever discharge, and covenant not to sue, the Administrative Agent, the Issuing Bank and each Lender, along with all of their beneficiaries, officers, directors, shareholders, agents, employees, servants, attorneys and representatives, as well as their respective heirs, executors, legal representatives, administrators, predecessors in interest, successors and assigns (each individually, a “Released Party” and collectively, the “Released Parties”) from any and all claims, demands, debts, liabilities, contracts, agreements, obligations, accounts, defenses, suits, offsets against the indebtedness evidenced by the Loan Documents, actions, causes of action or claims for damages or relief of whatever kind or nature, whether equitable or monetary, whether known or unknown, suspected or unsuspected by the Borrower which the Borrower, any Guarantor or any Subsidiary of any of them, has, had or may have against any Released Party, for or by reason of any matter, cause or thing whatsoever occurring on or at any time prior to the date of this Amendment, including, without limitation, any matter that relates to, in whole or in part, directly or indirectly (a) the Credit Agreement, any promissory note, any Security Document, any other Loan Document or the transactions evidenced thereby, including, without limitation, any disbursements under the Credit Agreement, any promissory notes, the negotiation of any of the Credit Agreement, the promissory notes, the Mortgages or the other Loan Documents, the terms thereof, or the approval, administration or servicing thereof; or (b) any notice of default, event of default in reference to any Loan Document or any other matter pertaining to the collection or enforcement by any Released Party of the indebtedness evidenced by any Loan Document or any right or remedy under any Loan Document; or (c) any purported oral agreements or understandings by and between any Released Party and the Borrower or any Guarantor in reference to any Loan Document.

Section 8.Final Agreement.  THE CREDIT AGREEMENT, THE GUARANTY, AND THE OTHER LOAN DOCUMENTS, INCLUDING THIS AMENDMENT, 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 ORAL AGREEMENTS BETWEEN THE PARTIES.

[Signature Pages Follow]

 

3

IN WITNESS WHEREOF, each of the parties hereto has caused this Fourth Amendment to Credit Agreement to be executed by its officer(s) thereunto duly authorized as of the date first above written.

	
 
	
BORROWER:

	
 
	
 
	
 

	
 
	
COMSTOCK RESOURCES, INC.,

	
 
	
a Nevada corporation

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
By:
	
/s/ Roland O. Burns

	
 
	
Name:
	
Roland O. Burns

	
 
	
Title:
	
President and Chief Financial Officer

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
ADMINISTRATIVE AGENT AND LENDERS:

	
 
	
 
	
 

	
 
	
BANK OF MONTREAL, as Administrative Agent and Issuing Bank and Lender

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
By:
	
/s/ James V. Ducote

	
 
	
Name:
	
James V. Ducote

	
 
	
Title:
	
Managing Director

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
BANK OF AMERICA, N.A., as Lender

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
By:
	
/s/ Raza Jafferi

	
 
	
Name:
	
Raza Jafferi

	
 
	
Title:
	
Vice President

	
 
	
 
	
 

 

 

 

 

ACKNOWLEDGMENT BY GUARANTORS

Each of the undersigned Guarantors hereby (i) consents to the terms and conditions of that certain Fourth Amendment to Credit Agreement dated effective as of March 23, 2018 (the “Amendment”) (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 and affirms that the terms of its respective Guaranty guarantees, and will continue to guarantee, the Obligations, after giving effect to the Amendment, and (iv) 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, and (c) it has reviewed a copy of the Amendment.

	
 
	
COMSTOCK OIL & GAS HOLDINGS, INC.

	
 
	
COMSTOCK OIL & GAS - LOUISIANA, LLC

	
 
	
COMSTOCK OIL & GAS GP, LLC,

	
 
	
By Comstock Resources, Inc., its sole member

	
 
	
COMSTOCK OIL & GAS, LP,

	
 
	
By Comstock Oil & Gas GP, LLC,

	
 
	
its general partner,

	
 
	
By Comstock Resources, Inc., its sole member

	
 
	
 

	
 
	
 

	
 
	
By:
	
/s/ Roland O. Burns

	
 
	
Name:
	
Roland O. Burns

	
 
	
Title:
	
President

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
COMSTOCK OIL & GAS INVESTMENTS, LLC

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
By:
	
/s/ Roland O. Burns

	
 
	
Name:
	
Roland O. Burns

	
 
	
Title:
	
Manager

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