Document:

Exhibit 10.1

 

Execution Version

 

	
        TORONTO DOMINION 

(TEXAS) LLC

        909 Fannin Street

        Suite 1100

        Houston, Texas 77010
	
        TD SECURITIES (USA) LLC

        31 West 52nd Street

New York, NY 10019

 

 

 

CONFIDENTIAL

 

 

Limited
Waiver to Forbearance agreement

 

December 30, 2020

 

Sundance Energy, Inc. 

1050 17th Street, Suite 700

Denver, CO 80265 

Attention: Eric P. McCrady

 

		Re:	Limited Waiver to Forbearance Agreement and Sixth Amendment to Credit Agreement dated as of December 18,
2020 (as amended, restated or otherwise modified from time to time, the “Forbearance Agreement”), by and among
Sundance Energy Inc., a Delaware corporation (“Parent”), Sundance Energy, Inc., a Colorado corporation
(“Borrower”), each of the lenders party thereto (the “Lenders”) and Toronto Dominion (Texas)
LLC, as administrative agent for the Lenders (in such capacity, together with its successors, the “Administrative Agent”)

 

Ladies and Gentlemen:

 

Reference in this letter
(this “Waiver Letter”) is made to the Forbearance Agreement. Capitalized terms which are defined in
the Forbearance Agreement and not otherwise defined herein are used herein with the meanings given them in the Forbearance Agreement.
Section references herein shall be references to sections in the Forbearance Agreement unless expressly indicated to the contrary.

 

Borrower was unable
to timely comply with the requirement to deliver a Term Loan Forbearance Agreement on or before December 23, 2020, as required
pursuant to Section 3.4(h) (“Term Loan Forbearance Requirement”). As a result, the Forbearance
Period set forth in the Forbearance Agreement terminated on December 23, 2020. In furtherance of the foregoing, Borrower
requests that Administrative Agent and the Lenders waive the Term Loan Forbearance Requirement.

 

     

     

    

 

1.            Limited
Waiver. Effective as of December 23, 2020, Administrative Agent, on behalf and with the written consent of the Majority
Lenders, hereby agrees to permanently waive the Term Loan Forbearance Requirement and the termination of the Forbearance Period
solely as a result of the failure to comply with the Term Loan Forbearance Requirement (such waiver, the “Limited Waiver”).
This Waiver Letter does not imply any obligation on the part of Administrative Agent or the Lenders, and neither Administrative
Agent nor the Lenders shall be obligated, at any time, to grant any further waivers, or any other modifications, to any provision
of the Forbearance Agreement, and all of the terms, covenants, and other provisions of the Forbearance Agreement remain in full
force and effect and each of the Loan Documents to which any Loan Party is a party are and remain legal, valid and binding obligations
of such Loan Party enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability
(whether enforcement is sought in equity or at law). Neither this Waiver Letter, nor any other actions taken by, or any inaction
on the part of, Administrative Agent or the Lenders, shall, except with respect to the Limited Waiver, be deemed to be (i) a
waiver of any provision of the Forbearance Agreement or any Default or Event of Default which exists or may exist hereafter, or
(ii) a waiver of (or an agreement to forbear from exercising) any rights or remedies that Administrative Agent or the Lenders
have pursuant to the Forbearance Agreement, the Loan Documents and applicable law by reason of any Default or Event of Default.

 

2.            Representations
and Warranties. Each Loan Party hereby represents and warrants to the Lenders and Administrative Agent that, as of the
date hereof, except to the extent rendered untrue or incorrect solely by virtue of the Existing Defaults, after giving effect
to this Waiver Letter, the representations and warranties contained in the Credit Agreement and in the other Loan Documents
are and will be true and correct in all material respects (except that such materiality qualifier shall not be applicable to
representations and warranties that already are qualified or modified by materiality in the text thereof) to the same extent
as though made on such date, except to the extent such representations and warranties specifically relate to an earlier date,
in which case such representations and warranties are true and correct on and as of such earlier date and (ii) except
with respect to the Existing Defaults, after giving effect to this Waiver Letter, no event has occurred and is continuing
that would constitute an Event of Default or a Default.

 

3.            Release.
EACH LOAN PARTY, IN CONSIDERATION OF THE ADMINISTRATIVE AGENT’S EXECUTION AND DELIVERY OF THIS WAIVER LETTER AND FOR
OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, UNCONDITIONALLY, FREELY, VOLUNTARILY
AND, AFTER CONSULTATION WITH COUNSEL AND BECOMING FULLY AND ADEQUATELY INFORMED AS TO THE RELEVANT FACTS, CIRCUMSTANCES AND CONSEQUENCES,
RELEASES, WAIVES AND FOREVER DISCHARGES (AND FURTHER AGREES NOT TO ALLEGE, CLAIM OR PURSUE) ANY AND ALL CLAIMS, RIGHTS, CAUSES
OF ACTION, COUNTERCLAIMS OR DEFENSES OF ANY KIND WHATSOEVER, IN CONTRACT, IN TORT, IN LAW OR IN EQUITY, WHETHER
KNOWN OR UNKNOWN, DIRECT OR DERIVATIVE, WHICH EACH LOAN PARTY OR ANY PREDECESSOR, SUCCESSOR OR ASSIGN MIGHT OTHERWISE HAVE OR MAY HAVE
AGAINST THE ADMINISTRATIVE AGENT, THE LENDERS, THE OTHER SECURED PARTIES AND THEIR PRESENT OR FORMER SUBSIDIARIES AND AFFILIATES
OR ANY OF THE FOREGOING’S OFFICERS, DIRECTORS, EMPLOYEES, ATTORNEYS OR OTHER REPRESENTATIVES OR AGENTS IN EACH CASE ON ACCOUNT
OF ANY CONDUCT, CONDITION, ACT, OMISSION, EVENT, CONTRACT, LIABILITY, OBLIGATION, DEMAND, COVENANT, PROMISE, INDEBTEDNESS,
CLAIM, RIGHT, CAUSE OF ACTION, SUIT, DAMAGE, DEFENSE, CIRCUMSTANCE OR MATTER OF ANY KIND WHATSOEVER WHICH EXISTED, AROSE OR OCCURRED
AT ANY TIME PRIOR TO THE DATE HEREOF RELATING TO THE LOAN DOCUMENTS, THE FORBEARANCE AGREEMENT, THIS WAIVER LETTER AND/OR THE TRANSACTIONS
CONTEMPLATED THEREBY OR HEREBY, EXCEPT, WITH RESPECT TO ANY INDEMNIFIED PERSON, TO THE EXTENT THAT SUCH CLAIM AROSE AS A RESULT
OF THE ACTUAL FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH PERSON. THE FOREGOING RELEASE SHALL SURVIVE THE TERMINATION
OF THE LOAN DOCUMENTS, THE FORBEARANCE AGREEMENT AND THIS WAIVER LETTER.

 

    2

     

    

 

4.            Miscellaneous.
This Waiver Letter is subject to Sections 10.2 (Counterparts), 10.5 (Governing Law) and 10.6
(Jurisdiction; Consent to Service; Jury Trial Waiver), which are incorporated herein by reference, mutatis mutandis.
Except as expressly stated herein, the Forbearance Agreement shall remain in full force and effect.

 

THIS WAIVER LETTER REPRESENTS
THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AS TO THE SUBJECT MATTERS COVERED HEREBY AND THEREBY AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

 

THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES.

 

[Signature
Pages Follow]

 

    3

     

    

 

Please indicate your
acknowledgment and agreement with the foregoing matters by signing the enclosed counterpart of this Letter and returning it to
Administrative Agent.

 

	 	Sincerely, 
	 	 
	 	Toronto Dominion (Texas) LLC,
	 	as Administrative Agent
	 	 
	 	By:	/s/ Hughroy Enniss
	 	Name:	Hughroy Enniss
	 	Title:	Authorized Signatory

 

Signature Page to Limited
Waiver to Forbearance Agreement

 

     

     

    

 

	Acknowledged and agreed as of the date first written above by:	 
	 	 
	Sundance Energy, INC.,	 
	as Borrower 	 
	 	 
	By:	 /s/ Eric McCrady	 
	Name:	Eric McCrady	 
	Title:	President & CEO	 
	 	 
	Sundance Energy INC.,	 
	as Parent	 
	 	 
	By:	/s/ Eric McCrady 	 
	Name:	Eric McCrady 	 
	Title:	President & CEO 	 
	 	 
	SEA EAGLE FORD, LLC, 

    as a Loan Party	 
	 	 
	By:	/s/ Eric McCrady	 
	Name:	Eric McCrady	 
	Title:	CEO	 
	 	 
	ARMADILLO E&P, INC.,

    as a Loan Party 	 
	 	 
	By:	/s/ Eric McCrady	 
	Name:	Eric McCrady	 
	Title:	President	 

 

Signature Page to Limited Waiver
to Forbearance AgreementEX-4.1

 Exhibit 4.1 
  

					
	NUMBER	  	UNITS	 
	 U
	  			

 SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP 784065 112 

SCP & CO Healthcare Acquisition Company 

UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-HALF OF ONE 

REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE 

ONE SHARE OF CLASS A COMMON STOCK 

THIS CERTIFIES THAT is the owner of Units. 

Each Unit (“Unit”) consists of one share of Class A common stock, par value $0.0001 per share (“Common
Stock”), of SCP & CO Healthcare Acquisition Company, a Delaware corporation (the “Company”), and one-half of one redeemable warrant (the
“Warrant”). Each whole Warrant entitles the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each whole Warrant will become exercisable on the
later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a
“Business Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five
(5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Common Stock and Warrants comprising the Units represented
by this certificate are not transferable separately prior to                 , 2021, unless Barclays Capital Inc. and Piper Sandler elect to allow separate trading
earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of
the gross proceeds of the Company’s initial public offering and issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed by a
Warrant Agreement, dated as of                 , 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to
the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th
Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost. 
 This certificate is not
valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company. 
 This certificate shall be governed by
and construed in accordance with the internal laws of the State of New York. 
 Witness the facsimile signature of a duly authorized
signatory of the Company. 
  

							
	  
	 		 		  	  

	     Authorized Signatory
	 		 		  	     Transfer Agent

  
  

SCP & CO Healthcare Acquisition Company 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

 The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws or regulations: 
  

					
	 TEN COM — as tenants in common
	  	UNIF GIFT MIN ACT	  	 Custodian

	 TEN ENT — as tenants by the entireties
	  		  	 (Cust)
                                        
(Minor)

	 JT TEN — as joint tenants with right of
	  		  	 under Uniform Gifts to Minors Act

	survivorship and not as	  		  	  

	 tenants in common
	  		  	(State)

 Additional abbreviations may also be used though not in the above list. 

For value received, hereby sell, assign and transfer unto 

(PLEASE INSERT SOCIAL SECURITY OR OTHER DENTIFYING NUMBER OF ASSIGNEE) 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 

Units represented by the within Certificate, and do hereby irrevocably constitute and appoint 

Attorney to transfer the said Units on the books of the within named Company with full power of substitution in
the    premises. 
  

			
		  	  

	Dated	  	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 Signature(s) Guaranteed: 
  

 
  

			
	  
	  	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).	  	

 As more fully described in, and subject to the terms and conditions described in, the Company’s final prospectus for its
initial public offering dated                  , 2021, the holder(s) of this certificate shall be entitled to receive a pro rata portion of certain funds held in the
trust account established in connection with the Company’s initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Company’s initial public offering and liquidates because it does
not consummate an initial business combination by the date set forth (the “Last Date”) in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the “Charter”), (ii)
the Company redeems the shares of Common Stock sold in its initial public offering 

 
properly submitted in connection with a stockholder vote to amend the Charter to modify the substance or timing of the Company’s obligation to redeem 100% of the Common Stock if it does not
consummate an initial business combination by the Last Date or with respect to any other material provisions relating to stockholders’ rights or pre-initial business combination activity, or
(iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial
business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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