Document:

Exhibit 10.4

WAIVER
TO SECURITIES AMENDMENT AND PURCHASE AGREEMENT

          THIS WAIVER
TO SECURITIES AMENDMENT AND PURCHASE AGREEMENT (this “Waiver”) is
entered into as of October 19, 2009 by and among HC INNOVATIONS, INC., a
Delaware corporation (the “Company”), and the NOTEHOLDERS identified on
the signature pages hereto (each, a “Noteholder” and collectively, the “Noteholders”).

RECITALS

          WHEREAS,
the Company and the Noteholders entered into a Securities Amendment and
Purchase Agreement (as previously amended, the “Securities Amendment and
Purchase Agreement”) dated as of December 23, 2008;

          WHEREAS,
the Company proposes to issue to Brahma Finance (BVI) Limited a Senior Secured
Note (the “Senior Secured Note”) of even date herewith, in the principal amount
of $2,400,000, the proceeds of which will be used by the Company for general
corporate purposes; and

          WHEREAS,
in connection with the Senior Secured Note, the parties hereto propose to waive
certain provisions of the Securities Amendment and Purchase Agreement as
hereinafter set forth.

          NOW,
THEREFORE, in consideration of the mutual covenants
and agreements set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to
be legally bound hereby, the parties agree as follows:

          1.          Definitions.
Capitalized terms used but not defined herein shall have the respective
meanings ascribed to them in the Securities Amendment and Purchase Agreement.
In addition, the term “Senior Secured Note”, shall mean the Senior
Secured Note dated as of October 19, 2009 issued by the Company to Brahma
Finance (BVI) Limited when used in the Securities Amendment and Purchase
Agreement.

          2.          Amendment
of Section 8.12 of the Securities Amendment and Purchase Agreement. Section
8.12 of the Securities Amendment and Purchase Agreement is amended by inserting
the word “;and” following clause (c) thereof and adding a new clause (d) as
follows:

          “(d) the
Senior Secured Note.”

          3.           Amendment
of Section 8.13 of the Securities Amendment and Purchase Agreement. Section
8.13 of the Securities Amendment and Purchase Agreement is amended by adding
the words “the Senior Secured Note” immediately before the words “and Permitted
Liens.”

1

          4.          Governing
Law. All questions concerning the construction, interpretation and validity
of this Waiver shall be governed by and construed and enforced in accordance
with the law of the State of New York, without giving effect to any choice or
conflict of law provision or rule that would cause the application of the law
of any jurisdiction other than the State of New York.

          5.          Counterparties;
Effectiveness. This Waiver may be executed in any number of counterparts,
and each such counterpart shall be deemed to be an original instrument, but all
such counterparts together shall constitute but one agreement. Counterparts
transmitted by facsimile may be treated as an original instrument and relied
upon for all purposes as such. This Waiver shall become effective on the date
on which counterparts hereof have been executed and delivered by the Company
and the Required Noteholders.

          6.          Miscellaneous.
The parties hereto agree and acknowledge that nothing contained in this Waiver
in any manner or respect limits or terminates any of the provisions of the
Securities Amendment and Purchase Agreement, other than as expressly set forth
herein and further agree and acknowledge that the Securities Amendment and
Purchase Agreement remains and continues in full force and effect. If there is
any conflict between the terms and conditions this Waiver and the terms and
conditions of the Securities Amendment and Purchase Agreement, the terms and
conditions of this Waiver shall prevail. Except to the extent expressly set
forth herein, the execution, delivery and effectiveness of this Waiver shall
not operate as an amendment of any right, power or remedy of any party to the
Securities Amendment and Purchase Agreement, nor constitute an amendment of any
provision of the Securities Amendment and Purchase Agreement. On and after the
date of this Waiver, each reference in the Securities Amendment and Purchase
Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like
import shall mean and be a reference to the Securities Amendment and Purchase
Agreement as amended hereby.

[Signature pages follow. The remainder of
this page is intentionally left blank.]

2

          IN
WITNESS WHEREOF, each of the undersigned has caused this Waiver to be duly
executed and delivered as of the date first above written.

COMPANY:

HC INNOVATIONS, INC.

	
  

 	
  

 	
  

 
	
 By: 

 	
  

 	
  

 
	
  

 	 

 	
  

 
	
 Name: John
 Randazzo

 
	
 Title:
 Interim Chief Executive Officer

 

NOTEHOLDERS:

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 WELWYN MANAGEMENT COMPANY

 	
  

 	
 RICHARD F. DELATER

 
	
  

 	
  

 	
  

 
	
 By: 

 	
  

 	
  

 	
  

 
	
  

 	 

 	
  

 	 

 
	
 Name:
 Richard DeLater

 	
  

 	
  

 
	
 Title:

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 BRAHMA FINANCE (BVI) LIMITED

 	
  

 	
 JAMES J. BIGL REVOCABLE TRUST

 
	
  

 	
  

 	
  

 
	
 By:

 	
  

 	
  

 	
 By:

 	
  

 
	
  

 	 

 	
  

 	
  

 	 

 
	
 Name: John
 M. Clapp

 	
  

 	
 Name: James
 J. Bigl

 
	
 Title: Attorney-In-Fact

 	
  

 	
 Title:

 
	
  

 	
  

 	
  

 
	
 THE KENNETH D LAMÉ
LIVING TRUST

 	
  

 	
 PACIFIC AERIE HOLDING LLC

 
	
  

 	
  

 	
  

 
	
 By:

 	
  

 	
  

 	
 By: 

 	
  

 
	
  

 	 

 	
  

 	
  

 	 

 
	
 Name:
 Kenneth D. Lamé

 	
  

 	
 Name: Jon T.
 Lamé

 
	
 Title:
 Trustee

 	
  

 	
 Title:
 Manager

 
	
  

 	
  

 	
  

 
	
 DUSTIN LEFEBVRE

 	
  

 	
 LESLIE S. LEFEBVRE

 
	
  

 	
  

 	
  

 
	 

 	
  

 	 

 

	
  

 	
  

 	
  

 
	
 PAUL B. LEFEBVRE

 	
  

 	
 RAYMOND MARKMAN, as Assignee of 

 MCCORKLE COURT REPORTERS, INC.

 
	
  

 	
  

 	
  

 
	 

 	
  

 	 

 
	
  

 	
  

 	
  

 
	
 VI TILPAK

 	
  

 	
 ADAM LEFEBVRE

 
	
  

 	
  

 	
  

 
	 

 	
  

 	 

 
	
  

 	
  

 	
  

 
	
 RYAN LEFEBVRE

 	
  

 	
 JEROME ADLERexv10w1

Exhibit 10.1

EIGHTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

     THIS EIGHTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is dated as of September 30, 2009, by and among RANGE RESOURCES CORPORATION, a
Delaware corporation (“Borrower”), certain Subsidiaries of Borrower, as Guarantors, the
Lenders party hereto, and JPMORGAN CHASE BANK, N.A., a national banking association, as
Administrative Agent for the Lenders (in such capacity, “Administrative Agent”).

WITNESSETH:

     WHEREAS, Borrower, Guarantors, Administrative Agent and the Lenders entered into that certain
Third Amended and Restated Credit Agreement dated as of October 25, 2006 (as amended by that
certain First Amendment to Third Amended and Restated Credit Agreement dated March 12, 2007, as
further amended by that certain Second Amendment to Third Amended and Restated Credit Agreement
dated as of March 26, 2007, as further amended by that certain Third Amendment to Third Amended and
Restated Credit Agreement dated as of October 22, 2007, as further amended by that certain Fourth
Amendment to Third Amended and Restated Credit Agreement dated as of March 31, 2008, as further
amended by that certain Fifth Amendment to Third Amended and Restated Credit Agreement dated as of
October 21, 2008, as further amended by that certain Sixth Amendment to Third Amended and Restated
Credit Agreement dated as of December 11, 2008, as further amended by that certain Seventh
Amendment to Third Amended and Restated Credit Agreement dated as of March 27, 2009, and as further
amended, modified and restated from time to time, the “Credit Agreement”), pursuant to
which the Lenders made a revolving credit facility available to Borrower; and

     WHEREAS, Borrower has requested that Administrative Agent and the Lenders (i) amend the Credit
Agreement to permit the Borrower to incur additional unsecured Indebtedness and for certain other
purposes as provided herein, and (ii) consent to the amendment and restatement of each Restricted
Subsidiary’s bylaws, operating agreement, company agreement or limited liability company agreement,
as applicable, in substantially the forms attached as Annex 1 and Annex 2 hereto,
and Administrative Agent and the Lenders have agreed to do so on and subject to the terms and
conditions hereinafter set forth.

     NOW, THEREFORE, the parties agree to amend the Credit Agreement as follows:

     1. Definitions. Unless otherwise defined herein, all capitalized terms used herein
shall have the same meanings ascribed to such terms in the Credit Agreement.

     2. Amendments to Credit Agreement.

     2.1 Additional Definition. Section 1.01 of the Credit Agreement shall
be and it hereby is amended by inserting the following definition in appropriate
alphabetical order:

     “Eighth Amendment Effective Date” means September 30, 2009.

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

 

 

     2.2 Amended Definitions. The following definitions set forth in Section
1.01 of the Credit Agreement shall be and they hereby are amended in their respective
entireties to read as follows:

     “Aggregate Commitment” means the amount equal to the lesser of
(i) the Maximum Facility Amount and (ii) the Borrowing Base then in effect;
provided that notwithstanding anything to the contrary contained
herein or in any other Loan Document, effective as of the Eighth Amendment
Effective Date, the Aggregate Commitment shall be equal to $1,250,000,000
until such time as the Aggregate Commitment is reduced or increased pursuant
to the terms of this Agreement. The Aggregate Commitment may be reduced or
increased pursuant to Section 2.02 and Section 2.03; provided that in
no event shall the Aggregate Commitment exceed the Borrowing Base. If at any
time the Borrowing Base is reduced below the Aggregate Commitment in effect
prior to such reduction, the Aggregate Commitment shall be reduced
automatically to the amount of the Borrowing Base in effect at such time.

     “Indenture” means, collectively, (i) that certain Indenture
dated as of July 21, 2003, by and between the Borrower, as issuer, certain of
its Subsidiaries, as guarantors, and JPMorgan Chase Bank, N.A. (successor to
Bank One, N.A.), as trustee, pursuant to which the Borrower issued the Senior
Subordinated Notes, as amended and supplemented by that certain Supplemental
Indenture dated as of June 22, 2004 and as further amended and supplemented
from time to time as permitted under the terms thereof, (ii) that certain
Indenture dated March 9, 2005, among the Borrower, as issuer, certain of its
Subsidiaries, as guarantors, and J.P. Morgan Trust Company, National
Association, as amended or supplemented from time to time as permitted under
the terms hereof, (iii) that certain Indenture dated May 23, 2006, among the
Borrower, as issuer, certain of its Subsidiaries, as guarantors, and J.P.
Morgan Trust Company, National Association, as amended or supplemented from
time to time as permitted under the terms hereof, (iv) that certain Indenture
dated September 28, 2007, among the Borrower, as issuer, certain of its
Subsidiaries, as guarantors, and The Bank of New York Trust Company, N.A., as
amended or supplemented from time to time as permitted under the terms
hereof, (v) that certain Indenture dated May 6, 2008, among the Borrower, as
issuer, certain of its Subsidiaries, as guarantors, and The Bank of New York
Trust Company, N.A., as amended or supplemented from time to time as
permitted under the terms hereof, and (vi) that certain Indenture dated May
14, 2009, among the Borrower, as issuer, certain of its Subsidiaries, as
guarantors, and The Bank of New York Mellon Trust Company, N.A., as amended or supplemented from time to time as permitted under the
terms hereof.

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

2

 

     “Senior Subordinated Notes” means (i) the 7 3/8% Senior
Subordinated Notes due 2013, issued pursuant to the Indenture, (ii) the 6
3/8% Senior Subordinated Notes due 2015, issued pursuant to the Indenture,
(iii) the 7 1/2% Senior Subordinated Notes due 2016, issued pursuant to the
Indenture, (vi) the 7 1/2% Senior Subordinated Notes due 2017, issued pursuant
to the Indenture, (v) the 7 1/4% Senior Subordinated Notes due 2018, issued
pursuant to the Indenture, (vi) the 8.0 % Senior Subordinated Notes due 2019,
issued pursuant to the Indenture, and (vii) additional senior unsecured
subordinated notes issued after the Eighth Amendment Effective Date and prior
May 1, 2010; provided that (a) the terms of such Senior Subordinated Notes do
not provide for any scheduled repayment, mandatory redemption or sinking fund
obligation prior to the date that is six months after the Maturity Date, (b)
the covenant, default and remedy provisions of such Senior Subordinated Notes
are substantially on the same terms and conditions as the Indenture or are
not materially more restrictive, taken as a whole, than those set forth in
this Agreement, (c) the mandatory prepayment, repurchase and redemption
provisions of such Senior Subordinated Notes are substantially on the same
terms and conditions as the Indenture or are not materially more onerous or
expansive in scope, taken as a whole, than those set forth in this Agreement,
and (d) the subordination provisions set forth in such Senior Subordinated
Notes are at least as favorable to the Secured Parties as the subordination
provisions set forth in the Indenture.

     “Senior Unsecured Notes” means senior unsecured notes issued
after the Eighth Amendment Effective Date and prior to May 1, 2010; provided
that (i) the terms of such Senior Unsecured Notes do not provide for any
scheduled repayment, mandatory redemption or sinking fund obligation prior to
the date that is six months after the Maturity Date, (ii) the covenant,
default and remedy provisions of such Senior Unsecured Notes are
substantially on the same terms and conditions as the Indenture (without
giving effect to the subordination provisions) or are not materially more
restrictive, taken as a whole, than those set forth in this Agreement and
(iii) the mandatory prepayment, repurchase and redemption provisions of such
Senior Unsecured Notes are substantially on the same terms and conditions as
the Indenture (without giving effect to the subordination provisions) or are
not materially more onerous or expansive in scope, taken as a whole, than those set forth in this
Agreement.

     2.3 Letters of Credit. Section 2.07(b) of the Credit Agreement shall
be and it hereby is amended in its entirety to read as follows:

     (b) Notice of Issuance, Amendment, Renewal, Extension; Certain
Conditions. To request the issuance of a Letter of Credit (or the
amendment, renewal or extension of an outstanding Letter of Credit), the

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

3

 

Borrower shall hand deliver or telecopy (or transmit by electronic
communication, if arrangements for doing so have been approved by the Issuing
Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance
of the requested date of issuance, amendment, renewal or extension) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of
issuance, amendment, renewal or extension (which shall be a Business Day),
the date on which such Letter of Credit is to expire (which shall comply with
paragraph (c) of this Section), the amount of such Letter of Credit, the name
and address of the beneficiary thereof and such other information as shall be
necessary to prepare, amend, renew or extend such Letter of Credit. If
requested by the Issuing Bank, the Borrower also shall submit a letter of
credit application on the Issuing Bank’s standard form in connection with any
request for a Letter of Credit. A Letter of Credit shall be issued, amended,
renewed or extended only if (and upon issuance, amendment, renewal or
extension of each Letter of Credit the Borrower shall be deemed to represent
and warrant that), after giving effect to such issuance, amendment, renewal
or extension (i) the LC Exposure shall not exceed $150,000,000 and (ii) the
Aggregate Credit Exposure shall not exceed the Aggregate Commitment.
Notwithstanding the foregoing, the Issuing Bank shall not at any time be
obligated to issue, amend, renew or extend any Letter of Credit if any Lender
is at such time a Defaulting Lender hereunder, unless (x) the Borrower cash
collateralizes such Defaulting Lender’s portion of the total LC Exposure
(calculated after giving effect to the issuance, amendment, renewal or
extension of such Letter of Credit) in accordance with the procedures set forth in Section 2.07(j) or (y) the Issuing Bank has
entered into arrangements satisfactory to the Issuing Bank in its sole
discretion with the Borrower or such Defaulting Lender to eliminate the
Issuing Bank’s risk with respect to such Defaulting Lender’s portion of the
total LC Exposure.

     2.4 Indebtedness Under the Senior Notes. Section 7.01(h) of the Credit
Agreement shall be and it hereby is amended in its entirety to read as follows:

     (h) unsecured Indebtedness under the Senior Notes in an aggregate
principal amount not exceeding $1,900,000,000 at any time outstanding and
extensions, renewals, replacements and refinancings of any such Indebtedness
that is unsecured and does not cause the aggregate principal amount of the
Senior Notes to exceed the maximum principal amount permitted under this
clause (h) as of the date of such extension, renewal, replacement or
refinancing; and

     2.5 Notices. Clause (ii) of Section 11.01(a) of the Credit Agreement
shall be and it hereby is amended in its entirety to read as follows:

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT 

4

 

     (ii) if to the Administrative Agent or Issuing Bank, to JPMorgan Chase
Bank, N.A., JPMorgan Loan Services, 10 South Dearborn St., 19th Floor,
Chicago, Illinois 60603-2003, Telecopy No.: (312) 385-7098, Attention:
Margaret Mamani (margaret.m.mamani@jpmchase.com), with a copy to
JPMorgan Chase Bank, N.A., Mail Code TX1-2911, 2200 Ross Avenue, 3rd Floor,
Dallas, Texas 75201, Facsimile No. (214) 965-3280, Attention: Kimberly A.
Bourgeois, Senior Vice President (kimberly.a.bourgeois@jpmorgan.com);
and

     3. Reaffirmation of Borrowing Base and Aggregate Commitment. This Amendment shall
constitute a notice of reaffirmation of the Borrowing Base pursuant to Section 3.04 of the
Credit Agreement and Administrative Agent hereby notifies Borrower that, as of the Eighth Amendment
Effective Date, the Borrowing Base shall continue to be $1,500,000,000 until the next
Redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement.
Additionally, notwithstanding anything to the contrary contained in the Credit Agreement or any
other Loan Document, effective as of the Eighth Amendment Effective Date, the Aggregate Commitment
shall continue to be $1,250,000,000 until such time as the Aggregate Commitment is reduced or
increased pursuant to the terms of the Credit Agreement.

     4. Consent. The Administrative Agent and the Lenders (or at least the required
percentage thereof) hereby consent to the amendment and restatement of each Restricted Subsidiary’s
bylaws, operating agreement, company agreement or limited liability company agreement, as
applicable, in substantially the forms attached as Annex 1 and Annex 2 hereto.

     5. Binding Effect. Except to the extent its provisions are specifically amended,
modified or superseded by this Amendment, the Credit Agreement, as amended, and all terms and
provisions thereof shall remain in full force and effect, and the same in all respects are
confirmed and approved by the Borrower, the Guarantors and the Lenders.

     6. Eighth Amendment Effective Date. This Amendment (including the amendments to the
Credit Agreement contained in Section 2 of this Amendment and the consent contained in
Section 4 of this Amendment) shall be effective upon the satisfaction of the conditions
precedent set forth in Section 7 hereof.

     7. Conditions Precedent. The obligations of Administrative Agent and the Lenders
under this Amendment shall be subject to the following conditions precedent:

          (a) Execution and Delivery. Borrower, each Guarantor, and the Lenders (or at
least the required percentage thereof) shall have executed and delivered this Amendment and
each other required document to Administrative Agent, all in form and substance satisfactory
to the Administrative Agent.

          (b) No Default. No Default shall have occurred and be continuing or shall
result from the effectiveness of this Amendment.

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT 

5

 

          (c) Other Documents. The Administrative Agent shall have received such other
instruments and documents incidental and appropriate to the transaction provided for herein
as the Administrative Agent or its counsel may reasonably request, and all such documents
shall be in form and substance satisfactory to the Administrative Agent.

     8. Representations and Warranties. Each Credit Party hereby represents and warrants
that (a) except to the extent that any such representations and warranties expressly relate to an
earlier date, all of the representations and warranties contained in the Credit Agreement and in
each Loan Document are true and correct as of the date hereof after giving effect to this
Amendment, (b) the execution, delivery and performance by such Credit Party of this Amendment have
been duly authorized by all necessary corporate, limited liability company or partnership action
required on its part, and this Amendment and the Credit Agreement are the legal, valid and binding
obligations of such Credit Party, enforceable against such Credit Party in accordance with their
terms, except as their enforceability may be affected by the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws now
or hereafter in effect relating to or affecting the rights or remedies of creditors generally, and
(c) no Default or Event of Default has occurred and is continuing or will exist after giving effect
to this Amendment.

     9. Reaffirmation of Loan Documents. Any and all of the terms and provisions of the
Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in
full force and effect. Each Credit Party hereby agrees that the amendments and modifications
herein contained shall in no manner affect or impair the liabilities, duties and obligations of any
Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the
payment and performance thereof.

     10. Counterparts. This Amendment may be executed in one or more counterparts and by
different parties hereto in separate counterparts each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the
same instrument; signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to the same document.
Delivery of photocopies of the signature pages to this Amendment by facsimile or electronic mail
shall be effective as delivery of manually executed counterparts of this Amendment.

     11. Legal Expenses. Each Credit Party hereby agrees to pay all reasonable fees and
expenses of special counsel to the Administrative Agent incurred by the Administrative Agent in
connection with the preparation, negotiation and execution of this Amendment and all related
documents.

     12. WRITTEN CREDIT AGREEMENT. THE CREDIT AGREEMENT, AS AMENDED BY THIS AMENDMENT AND
TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN AND 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 AND AMONG THE PARTIES.

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

6

 

     13. Governing Law. This Amendment shall be construed in accordance with and governed
by the law of the State of Texas.

     14. Guarantors. The Guarantors hereby consent to the execution of this Amendment by
the Borrower and reaffirm their guaranties of all of the obligations of the Borrower to the
Lenders. Borrower and Guarantors acknowledge and agree that the renewal, extension and amendment of the Credit Agreement shall not be considered a novation of account or new
contract but that all existing rights, titles, powers, and estates in favor of the Lenders
constitute valid and existing obligations in favor of the Lenders. Borrower and Guarantors each
confirm and agree that (a) neither the execution of this Amendment or any other Loan Document nor
the consummation of the transactions described herein and therein shall in any way effect, impair
or limit the covenants, liabilities, obligations and duties of the Borrower and the Guarantors
under the Loan Documents, and (b) the obligations evidenced and secured by the Loan Documents
continue in full force and effect. Each Guarantor hereby further confirms that it unconditionally
guarantees to the extent set forth in the Credit Agreement the due and punctual payment and
performance of any and all amounts and obligations owed to the Lenders under the Credit Agreement
or the other Loan Documents.

[Signature Page Follows]

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

7

 

     IN WITNESS WHEREOF, the parties have caused this Amendment to the Credit Agreement to be duly
executed as of the date first above written.

	 	 	 	 	 
	 	BORROWER:

RANGE RESOURCES CORPORATION

 	 
	 	By:  	/s/ Roger S. Manny
 	 
	 	 	Roger S. Manny,  	 
	 	 	Executive Vice President 	 
	 
	 
	 	GUARANTORS:

AMERICAN ENERGY SYSTEMS, LLC

MOUNTAIN FRONT PARTNERS, LLC

RANGE ENERGY I, INC.

RANGE ENERGY SERVICES COMPANY

RANGE HOLDCO, INC.

RANGE OPERATING NEW MEXICO, INC.

RANGE OPERATING TEXAS, LLC

RANGE PRODUCTION COMPANY

RANGE RESOURCES — PINE MOUNTAIN, INC.

 	 
	 	By:  	/s/ Roger S. Manny
 	 
	 	 	Roger S. Manny,  	 
	 	 	Executive Vice President
of all of the foregoing Guarantors 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	RANGE RESOURCES — APPALACHIA, LLC 

(f/k/a Great Lakes Energy Partners, L.L.C.)

 	 
	 	By:  	RANGE HOLDCO, INC., Its member
 	 
	 	 	RANGE ENERGY I, INC., Its member 	 
	 	 	 	 
	 	By:  	                /s/ Roger S. Manny
 	 
	 	 	Roger S. Manny,  	 
	 	 	Executive Vice President of each
of the foregoing members 	 
	 
	 	RANGE RESOURCES — MIDCONTINENT, LLC

(f/k/a Range Resources, L.L.C.)

 	 
	 	By:  	RANGE HOLDCO, INC., Its member
 	 
	 	 	 
	 	By:  	              /s/ Roger S. Manny
 	 
	 	 	Roger S. Manny,  	 
	 	 	Executive Vice President 	 
	 
	 	RANGE TEXAS PRODUCTION, LLC

 	 
	 	By:  	Range Energy I, Inc., Its Member
 	 
	 	 	 
	 	By:  	               /s/ Roger S. Manny
 	 
	 	 	Roger S. Manny,  	 
	 	 	Executive Vice President 	 
	 
	 	REVC HOLDCO, LLC

 	 
	 	By:  	Range Resources Corporation, Its member
 	 
	 	 	 
	 	By:  	                /s/ Roger S. Manny
 	 
	 	 	Roger S. Manny,  	 
	 	 	Executive Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., (successor by
 merger to Bank
One, N.A. (Illinois)), as Administrative Agent and a
Lender
 	 
	 	 	 	 	 
	 	By:  	/s/ Kimberly A. Bourgeois
 	 
	 	 	Kimberly A. Bourgeois,  	 
	 	 	Senior Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	BANK OF SCOTLAND plc, as a Lender

 	 
	 	By:  	/s/ Karen Weich
 	 
	 	 	Name:  	Karen Weich 	 
	 	 	Title:  	Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	CALYON NEW YORK BRANCH, as a Syndicated 

Agent and a Lender

 	 
	 	By:  	/s/ Sharada Manne
 	 
	 	 	Name:  	Sharada Manne 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                        /s/ David Gurghigian
 	 
	 	 	Name:  	David Gurghigian 	 
	 	 	Title:  	Managing Director 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	COMPASS BANK, as a Lender

 	 
	 	By:  	/s/ Christopher S. Parada
 	 
	 	 	Name:  	Christopher S. Parada 	 
	 	 	Title:  	Senior Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as a Documentation 

Agent and a Lender

 	 
	 	By:  	/s/ Jeffrey H. Rathkamp
 	 
	 	 	Name:  	Jeffrey H. Rathkamp 	 
	 	 	Title:  	Managing Director 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 

	 	Signature Page	 	

 

 

	 	 	 	 	 
	 	FORTIS CAPITAL CORP., as a Documentation 

Agent and a Lender

 	 
	 	By:  	/s/ Michele Jones
 	 
	 	 	Name:  	Michele Jones 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Ilene Fowler
 	 
	 	 	Name:  	Ilene Fowler 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	NATIXIS (formerly Natexis Banques Populaires), as a Lender

 	 
	 	By:  	/s/ Donovan C. Broussard
 	 
	 	 	Name:  	Donovan C. Broussard 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	        /s/ Liana Tchernysheva
 	 
	 	 	Name:  	Liana Tchernysheva 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	COMERICA BANK, as a Lender

 	 
	 	By:  	/s/ Peter L. Sefzik
 	 
	 	 	Name:  	Peter L. Sefzik 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	CAPITAL ONE, N.A. (f/k/a Hibernia National 

Bank), as a Lender

 	 
	 	By:  	/s/ Nancy M. Mak
 	 
	 	 	Name:  	Nancy M. Mak 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	AMEGY BANK N.A. (f/k/a Southwest Bank of

Texas N.A.), as a Lender

 	 
	 	By:  	/s/ W. Bryan Chapman
 	 
	 	 	Name:  	W. Bryan Chapman 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	BMO CAPITAL MARKETS FINANCING, INC.

(f/k/a HARRIS NESBITT FINANCING, INC.),

as a Syndication Agent and a Lender

 	 
	 	By:  	/s/ James V. Ducote
 	 
	 	 	Name:  	James V. Ducote 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as a 

Lender

 	 
	 	By:  	/s/ Angela McCracken
 	 
	 	 	Name:  	Angela McCracken 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	EIGHTH AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 	 	 
	 
	 	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, 

as a Lender

 	 
	 	By:  	/s/ Charles D. Kirkham
 	 
	 	 	Name:  	Charles D. Kirkham 	 
	 	 	Title:  	Senior Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	UNION BANK, N.A., (f/k/a UNION BANK OF CALIFORNIA, N.A.)

as a Lender

 	 
	 	By:  	                      /s/ Alison Fuqua
 	 
	 	 	Name:  	Alison Fuqua 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	 	 
	 	By:  	                      /s/ Jarrod Bourgeois
 	 
	 	 	Name:  	Jarrod Bourgeois 	 
	 	 	Title:  	Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as a Lender

 	 
	 	By:  	                   /s/ David G. Mills
 	 
	 	 	Name:  	David G. Mills 	 
	 	 	Title:  	Managing Director 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	THE FROST NATIONAL BANK, as a Lender

 	 
	 	By:  	                   /s/ Alex Zemkoski
 	 
	 	 	Name:  	Alex Zemkoski 	 
	 	 	Title:  	Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	CITIBANK, N.A., as a Lender

 	 
	 	By:  	                 /s/ James. F. Reilly, Jr.
 	 
	 	 	Name:  	James. F. Reilly, Jr. 	 
	 	 	Title:  	Managing Director 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	CREDIT SUISSE, Cayman Islands Branch,

as a Lender

 	 
	 	By:  	                  /s/ Nupur Kumar
 	 
	 	 	Name:  	Nupur Kumar 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                  /s/ Kevin Buddhdew
 	 
	 	 	Name:  	Kevin Buddhdew 	 
	 	 	Title:  	Associate 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	SUNTRUST BANK, as a Lender

 	 
	 	By:  	                       /s/ Yann Pirio
 	 
	 	 	Name:  	Yann Pirio 	 
	 	 	Title:  	Director 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	SOCIÉTÉ GÉNÉRALE, as a Lender

 	 
	 	By:  	                   /s/ Stephen W. Warfel
 	 
	 	 	Name:  	Stephen W. Warfel 	 
	 	 	Title:  	Managing Director 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Daria Mahoney
 	 
	 	 	Name:  	Daria Mahoney 	 
	 	 	Title:  	Vice Presdient 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender

 	 
	 	By:  	/s/ Anca Trifah
 	 
	 	 	Name:  	Anca Trifah 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Scottye Lindsey
 	 
	 	 	Name:  	Scottye Lindsey 	 
	 	 	Title:  	Director 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	STERLING BANK, as a Lender

 	 
	 	By:  	           /s/ Jeff A. Forbis
 	 
	 	 	Name:  	Jeff A. Forbis 	 
	 	 	Title:  	Senior Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC,

as a Lender

 	 
	 	By:  	       /s/ Ann E. Sutton
 	 
	 	 	Name:  	Ann E. Sutton 	 
	 	 	Title:  	Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	

ROYAL BANK OF CANADA,

as a Lender

 	 
	 	By:  	       /s/ Don J. McKinnerney
 	 
	 	 	Name:  	Don J. McKinnerney 	 
	 	 	Title:  	Authorized Signatory 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

	 	 	 	 	 
	 	BANK OF TEXAS, N.A.,

as a Lender

 	 
	 	By:  	      /s/ Mike Delbridge
 	 
	 	 	Name:  	Mike Delbridge 	 
	 	 	Title:  	Senior Vice President 	 
	 

EIGHTH AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

Signature Page

 

 

Annex 1

Form of Amended and Restated Bylaws

Annex 1

 

 

 

AMENDED AND RESTATED BYLAWS

These Amended and Restated Bylaws are subject to, and governed by, the General Corporation Law
of the State of Delaware (the “Delaware General Corporation Law”) and the certificate of
incorporation (as the same may be amended and restated from time to time, the “Certificate of
Incorporation”) of _________, a Delaware corporation (the “Corporation”).

ARTICLE I

Offices

     Section 1.1 Registered Office. The registered office in the State of Delaware shall be in
the City of Wilmington, County of New Castle, and the resident agent is The Corporation Trust
Company. The registered office and registered agent of the Corporation shall be as designated from
time to time by the appropriate filing by the Corporation in the office of the Secretary of State
of the State of Delaware.

     Section 1.2 Other Offices. The Corporation may also have offices at such other places both
within and without the State of Delaware as the board of directors of the Corporation (the “Board”)
may from time to time determine or the business of the Corporation may require.

ARTICLE II

Meetings of Stockholders

     Section 2.1 Place of Meeting. All meetings of stockholders of the Corporation
(“Stockholders”) for the election of directors of the Corporation (“Directors”) shall be held in
the City of Fort Worth, Texas, or in such other places both within and without the State of
Delaware as the Board may determine. The Board shall fix the place within Fort Worth, Texas for the
holding of each meeting. Meetings of Stockholders for any other purpose may be held at such place,
within or without the State of Delaware, and time as shall be stated in the notice of the meeting
or in a duly executed waiver of notice thereof.

     Section 2.2 Annual Meeting. The annual meeting of Stockholders (the “Annual Meeting”)
shall be held at such date and time as the Board shall designate; provided, however, in lieu
of the an Annual Meeting, the Stockholders may act pursuant to written consent as permitted
by Section 2.15 of the these Bylaws and the Delaware General Corporation Law. The meeting
shall be held for the purpose of electing by a plurality vote a Board and transacting such
other business as may properly be brought before the meeting. If the election of Directors
is not held on the day designated for any Annual Meeting, or at any adjournment, the Board
shall cause the election to be held at a special meeting of the Stockholders as soon
thereafter as conveniently possible. Except as otherwise permitted by law, no Stockholder
shall require or have the right to require the Board to call an Annual Meeting.

Annex 1

 

 

     Section 2.3 Special Meeting. Special meetings of the Stockholders, for any purpose or
purposes, unless otherwise prescribed by statute or by the Certificate of Incorporation, may be
called by the Chairman of the Board, the President or the Board, and shall be called by the
Chairman of the Board or the President, or by the Secretary at the request in writing of
Stockholders owning a majority in amount of the entire capital stock of the Corporation issued and
outstanding and entitled to vote. The request shall state the purpose of the proposed meeting. The
persons calling or requesting any special meeting shall fix the time and any place, either within
or without the State of Delaware, as the place for holding the meeting. The only business that can
be transacted at a special meeting is that which is specifically stated in the notice of the
meeting or in a duly executed waiver of notice of the meeting.

     Section 2.4 Notice of Meeting. Written notice of the Annual Meeting, and each special
meeting of Stockholders, stating, in the case of a special meeting, the time, place and the
business to be transacted, shall be served upon, mailed to or otherwise given to each Stockholder
entitled to vote, at least ten (10) days but not more than sixty (60) days before the date of the
meeting. If notice is to be sent by mail, it shall be directed to each Stockholder at the address
as it appears on the records of the Corporation, unless the Stockholder has filed with the
Secretary of the Corporation a written request that notices to be mailed to some other address, in
which case notice shall be sent to the other address. Notice of any meeting of Stockholders is not
be required to be given to any Stockholder who attends the meeting in person or by proxy and, at
the beginning of the meeting, does not object to the transaction of any business asserting the
meeting is not lawfully called or convened, or who either before or after the meeting, submits a
signed waiver of notice, in person or by proxy.

     Section 2.5 Quorum. The holders of a majority of the stock issued and outstanding and
entitled to vote, present in person or represented by proxy, shall constitute a quorum at any
meeting of Stockholders for the transaction of business except as otherwise provided by statute,
the Certificate of Incorporation or these Bylaws. If a quorum is not present, in person or by
proxy, at any meeting of Stockholders or any adjournment, the chairman of the meeting or a majority
in interest of the Stockholders entitled to vote who are present, in person or by proxy, may
adjourn the meeting from time to time, without notice other than announcement at the meeting
(unless the Board, after the adjournment, fixes a new record date for the adjourned meeting), until
a quorum is present, in person or by proxy. At any adjourned meeting at which a quorum is present,
in person or by proxy, any business may be transacted that could have been transacted at the
original meeting had a quorum been present; provided that, if the adjournment is for more than
thirty (30) days or if after the adjournment a new record date is fixed for the adjourned meeting,
a notice of the adjourned meeting shall be given to each Stockholder of record entitled to vote at
the adjourned meeting as provided in Section 2.4.

     Section 2.6 Voting. When a quorum is present at any meeting of Stockholders, the vote of the
holders of a majority of the stock having voting power present in person or represented by proxy
shall decide any question brought before the meeting, unless the question is one upon which a
different percentage of the vote is required by express provision of the applicable Delaware
statutes, the Certificate of Incorporation or these Bylaws. The Stockholders present at a meeting
constituted in accordance with these Bylaws may continue to transact business until adjournment,
even if Stockholders leave the meeting and the Stockholders remaining are less than a quorum. Every
Stockholder with the right to vote is entitled to vote in

Annex 1

 

 

person, or by proxy appointed by a written document signed by the Stockholder, on a date not
more than eleven months prior to voting, unless the written document provides for a longer period,
and filed with the Secretary of the Corporation at the time of, the meeting.

     If the written proxy designates two or more persons to act as proxies, unless the instrument
provides to the contrary, a majority of such persons present at any meeting at which their powers
thereunder are to be exercised shall have and may exercise all the powers of voting or giving
consents thereby conferred, or if only one be present, then the powers may be exercised by that
one; or, if an even number attend and a majority do not agree on any particular issue, each proxy
so attending shall be entitled to exercise the proxy’s powers in respect of the same portion of the
shares as he is of the proxies in attendance. Each Stockholder shall have one vote for each share
of stock having voting power registered in his name on the books of the Corporation. Except where
the transfer books of the Corporation shall have been closed or a date shall have been fixed as a
record date for the determination of its Stockholders entitled to vote, no share of stock shall be
voted at any election for Directors which has been transferred on the books of the Corporation
within twenty (20) days preceding the election of Directors. No proxy shall be valid after three
(3) years from the date of its execution, unless otherwise provided in the proxy. If no date is
stated in a proxy, the proxy shall be presumed to have been executed on the date of the meeting at
which it is first to be voted. Each proxy shall be revocable unless expressly provided therein to
be irrevocable and coupled with an interest sufficient in law to support an irrevocable power or
unless otherwise made irrevocable by law.

     Section 2.7 Voting of Stock of Certain Holders. Shares standing in the name of another
corporation, partnership, limited liability company or other entity, domestic or foreign, may be
voted by such officer, agent or proxy as the governing documents of that entity may prescribe or,
in the absence of such provision, as the board or other governing person or body of that entity may
determine. Shares standing in the name of a deceased person may be voted by the executor or
administrator of the deceased person, either in person or by proxy. Shares standing in the name of
a guardian, conservator or trustee may be voted by such fiduciary, either in person or by proxy,
but no such fiduciary shall be entitled to vote shares held in that fiduciary capacity without a
transfer of the shares into the name of the fiduciary. Shares standing in the name of a receiver
may be voted by the receiver. A Stockholder whose shares are pledged shall be entitled to vote
those shares, unless in the transfer by the pledgor on the books of the Corporation he has
expressly empowered the pledgee to vote the shares, in which case only the pledgee, or his proxy,
may represent the shares and vote them.

     Section 2.8 Treasury Stock. The Corporation shall not vote, directly or indirectly, shares
of its own stock owned by it; and these shares shall not be counted in determining the total number
of outstanding shares.

     Section 2.9 Closing Transfer Books or Fixing Record Date. The Board may close the stock
transfer books of the Corporation for a period not exceeding sixty (60) days preceding the date of
any meeting of Stockholders, or the date for payment of any dividend or distribution, or the date
for the allotment of rights or the date when any change, or conversion or exchange of capital stock
shall go into effect or for a period not exceeding sixty (60) days in connection with obtaining the
consent of Stockholders for any purpose. In lieu of closing the stock transfer books, the Board may
fix in advance a date, not exceeding sixty (60) days preceding the date of any

Annex 1

 

 

meeting of Stockholders, or the date for payment of any dividend or distribution, or the date
for the allotment of rights, or the date when any change, or conversion or exchange of capital
stock shall go into effect, or a date in connection with obtaining written consent, as a record
date for the determination of the Stockholders entitled to notice of, and to vote at, any meeting
and any adjournment thereof, or entitled to receive payment of a dividend or distribution, or to
any allotment of rights, or to exercise the rights in respect of any change, conversion or exchange
of capital stock, or to give consent, and in each case those Stockholders and only those
Stockholders as shall be Stockholders of record on the date so fixed shall be entitled to notice of
the meeting to vote at the meeting or any adjournment thereof, or to receive payment of dividend or
distribution, or to receive allotment of rights, or to exercise rights, or to give consent, as the
case may be, notwithstanding any transfer of any stock on the books of the Corporation after any
record date fixed as described above.

     Section 2.10 Notice of Stockholder Business at Annual Meeting. At an Annual Meeting of the
Stockholders, only such business shall be conducted as shall have been brought before the meeting
(a) pursuant to the Corporation’s notice of meeting, (b) by or at the direction of a majority of
the members of the Board, or (c) by any Stockholder of the Corporation of record at the time of
giving of notice provided for in these Bylaws who shall be entitled to vote at such meeting.

     Section 2.11 Order of Business. The order of business at all meetings of Stockholders shall
be as determined by the chairman of the meeting.

     Section 2.12 Conduct of Meeting. The Chairman of the Board, if office has been filled, and, if
not or if the Chairman of the Board is absent or otherwise unable to act, the President shall
preside at all meetings of Stockholders. The Secretary shall keep the records of each meeting of
Stockholders. In the absence or inability to act of any officer, the officer’s duties shall be
performed by the officer given the authority to act for such absent or non-acting officer under
these Bylaws or by a person appointed by the meeting.

     Section 2.13 Certain Rules of Procedure Relating to Stockholder Meetings. All Stockholder
meetings, annual or special, shall be governed in accordance with the following rules:

     (a) only Stockholders of record will be permitted to present motions from the floor at any
meeting of Stockholders; and

     (b) the chairman of the meeting shall preside over and conduct the meeting, and all questions
of procedure or conduct of the meeting shall be decided solely by the chairman of the meeting. The
chairman of the meeting shall have all power and authority vested in a presiding officer by law or
practice to conduct an orderly meeting. Among other things, the chairman of the meeting shall have
the power to adjourn or recess the meeting, to silence or expel persons to ensure the orderly
conduct of the meeting, to declare motions or persons out of order, to prescribe rules of conduct
and an agenda for the meeting, to impose reasonable time limits on questions and remarks by any
Stockholder, to limit the number of questions a Stockholder may ask, to limit the nature of
questions and comments to one subject matter at a time as dictated by any agenda for the meeting,
to limit the number of speakers or persons addressing the chairman

Annex 1

 

 

of the meeting or the meeting, to determine when the polls shall be closed, to limit the
attendance at the meeting to Stockholders of record, beneficial owners of stock who present letters
from the record holders confirming their status as beneficial owners, and the proxies of record and
beneficial holders, and to limit the number of proxies a Stockholder may name.

     Section 2.14 Requests for Stockholder List. Stockholders shall have those rights afforded
under Section 219 of the Delaware General Corporation Law to inspect a list of Stockholders during
the ten (10) days preceding each meeting of Stockholders.

     Section 2.15 Action without a Meeting. Unless otherwise restricted by the Certificate of
Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the
Stockholders may be taken by written consent without meeting, in accordance with the applicable
provisions of the Delaware General Corporation Law. Directors may be appointed by the written
consent of the Stockholders in lieu of the Annual Meeting if (a) the Stockholders unanimously
approve the written consent, or (b) all of the directorships to which the Directors would be
elected at the Annual Meeting are vacant and are filled by the written consent.

ARTICLE III

Board of Directors

     Section 3.1 Powers. The business and affairs of the Corporation shall be managed by its
Board, which may exercise all such powers of the Corporation and do all such lawful acts and things
as are not by statute, the Certificate of Incorporation or these Bylaws directed or required to be
exercised or done by the Stockholders.

     Section 3.2 Number, Election and Term. The number of Directors that constitutes the whole
Board shall be not less than three (3) nor more than five (5). This number of Directors shall, from
time to time, be fixed and determined by the Directors and shall be set forth in the notice of any
meeting of Stockholders held for the purpose of electing Directors. Election of Directors need not
be by ballot. Except as provided in Sections 2.15 and 3.3, the Directors shall be elected at the
Annual Meeting of Stockholders at which a quorum is present by a plurality of the votes of the
shares present in person or represented by proxy and entitled to vote on the election of directors
or a class of directors. Each Director elected shall hold office until the Annual Meeting of
Stockholders of the Corporation next succeeding his election or until his successor is duly elected
and qualified or until his earlier resignation as a Director or resignation as an officer or
employee of the Corporation, Range Resources Corporation or any other entity directly or indirectly
owned or controlled by Range Resources Corporation, or his removal. Directors need not be residents
of Delaware or Stockholders of the Corporation. Range Resources Corporation and all other entities
directly or indirectly owned or controlled by it are collectively called the “Affiliates”.

     Section 3.3 Vacancies and Additional Directors. Any Director may resign at any time by
written notice to the Corporation. Any resignation shall take effect at the date of receipt of
notice or at any later time specified therein, and, unless otherwise specified therein, the
acceptance of such resignation shall not be necessary to make it effective. If any vacancy occurs
in the Board caused by death, resignation, retirement, disqualification or removal from office of
any Director, or otherwise, or if any new directorship is created by an increase in the authorized

Annex 1

 

 

number of Directors, a majority of the Directors then in office, though less than a quorum,
may choose a successor or fill the newly created directorship; and a Director so chosen shall hold
office until the next election of the class for which the Director shall have been chosen, and
until his successor shall be duly elected and shall qualify, unless sooner displaced. No decrease
in the number of Directors constituting the entire Board shall have the effect of shortening the
term of any incumbent Director.

     Section 3.4 Chairman of the Board. From time to time, the Board may appoint a Director to
serve as Chairman of the Board and preside over all meetings of Stockholders and meetings of the
Board. By virtue of this office, he shall be a member of the Executive Committee if that committee
is created. The Chairman of the Board shall perform such duties as may be designated by the Board
or the Executive Committee, but he shall not be deemed an officer of the Corporation by reason of
being appointed Chairman of the Board.

     Section 3.5 Regular Meeting. A regular meeting of the Board shall be held each year, without
other notice than these Bylaws, at the place of, and immediately following, the Annual Meeting of
Stockholders; and other regular meetings of the Board shall be held each year, at such time and
place as the Board may provide, by resolution, either within or without the State of Delaware,
without other notice than such resolution.

     Section 3.6 Special Meeting. A special meeting of the Board may be called by the Chairman of
the Board or by the President and shall be called by the Secretary on the written request of a
majority of the Directors. The Chairman of the Board or President so calling, or the Directors so
requesting, any such meeting shall fix the time and any place, either within or without the State
of Delaware, as the place for holding the meeting.

     Section 3.7 Notice of Special Meeting. Written notice of special meetings of the Board shall
be given to each Director at least twenty-four (24) hours prior to the time of such meeting. Any
Director may waive notice of any meeting.

     Section 3.8 Quorum. A majority of the Board shall constitute a quorum for the transaction of
business at any meeting of the Board, and the act of a majority of the Directors present at any
meeting at which there is a quorum shall be the act of the Board, except as may be otherwise
specifically provided by statute, by the Certificate of Incorporation or by these Bylaws. If a
quorum shall not be present at any meeting of the Board, the Directors present may adjourn the
meeting from time to time, without notice other than announcement at the meeting, until a quorum
shall be present. A majority of committee members shall constitute a quorum for the transaction of
business at any meeting of a Board committee provided that fifty percent (50%) of the members of
any committee of the Board shall constitute a quorum for transacting business at any meeting of
such committee, if the committee is comprised of an even number of committee members.

     Section 3.9 Action Without a Meeting. Unless otherwise restricted by the Certificate of
Incorporation any action required or permitted to be taken at any meeting of the Board, or of any
committee thereof, as provided in Article IV of these Bylaws, may be taken without a meeting, if a
written consent is signed by all of the members of the Board or of a
committee, as the case may be, and such written consent is filed with the minutes of
proceedings of the Board or committee.

Annex 1

 

 

     Section 3.10 Presumption of Assent. A Director of the Corporation who is present at a
meeting of the Board at which action on any corporate matter is taken shall be conclusively
presumed to have assented to the action taken unless his dissent shall be entered in the minutes of
the meeting or unless he shall file his written dissent with the person acting as the Secretary of
the meeting before the adjournment thereof or shall forward his dissent in the manner for giving
the notice provided in Section 5.1 to the Secretary of the Corporation immediately after the
adjournment of the meeting. This right to dissent shall not be available to a Director who voted in
favor of an action.

     Section 3.11 Compensation. Directors who are employees of the Corporation or any of the
Affiliates shall not be entitled to any compensation for their services except for reimbursement of
expenses of attendance, if any, for attendance at each regular or special meeting of the Board or
any meeting of a committee of Directors. Directors who are not employees of the Corporation or any
of the Affiliates shall be entitled to compensation as determined by the Board. No provision of
these Bylaws shall be construed to preclude any Director from serving the Corporation in any other
capacity and receiving compensation for those services.

ARTICLE IV

Committee of Directors

     Section 4.1 Designation, Powers and Name. The Board may, by resolution passed by a majority
of the whole Board, designate one or more committees, with each committee to consist of two or more
of the Directors of the Corporation. Committees shall have and may exercise such of the powers of
the Board in the management of the business and affairs of the Corporation, as may be provided in
the resolution, and may authorize the seal of the Corporation to be affixed to all papers which may
require it; provided, however, no committee shall have the power denied to committees by the
Certificate of Incorporation or the Delaware General Corporation Law. A committee or committees
shall have such name or names and such limitations of authority as may be determined from time to
time by resolution adopted by the Board. The Board may also designate a member of any committee to
be the chairman thereof, and the chairman shall preside at the meetings of the committee and shall
perform such other duties as may be designated by the Board.

     Section 4.2 Routine Matters Committee. Notwithstanding anything in these Bylaws to the
contrary, (a) the President and all other appointed officers of the Corporation who are also
Directors shall be ex officio members of the Routine Matters Committee, a standing committee of the
Board which shall exist to consider routine matters that may come before the Corporation, and (b)
the quorum for any action of this committee shall be two-thirds (2/3) of the Directors serving on
the Routine Matters Committee. This committee shall have the authority to adopt standard form
resolutions with the same force and effect as if the resolutions were adopted by the Board,
provided those resolutions relate to routine matters in the business of the Corporation, and the
committee promptly causes a copy of those resolutions to be placed in the Corporation’s minute book
along with other minutes and

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resolutions of the Board. As used in this Section 4.2, “routine matters that may come before
the Corporation” shall include, but not be limited to, (w) the opening of checking, money market,
securities brokerage, commodities trading, and other similar accounts; (x) qualifying the
Corporation to transact business in another jurisdiction and the appointment of agents for service
of process; (y) investing or hedging the Corporation’s assets and the execution and delivery of
related contracts; and (z) any matters or transactions that relate to matters or transactions
previously approved by the Board of Directors of Range Resources Corporation. The Board’s
appointment of the President and any other Director(s) to be officer(s) of the Corporation shall
automatically be appointment to this committee without further action.

     Section 4.3 Minutes. Each committee of Directors shall keep regular minutes of its
proceedings and report the same to the Board when required.

     Section 4.4 Compensation. Members of a special or standing committee who are not employees
of the Corporation or its affiliates may be allowed compensation for attending committee meetings,
if the Board shall so determine.

     Section 4.5 Reliance Upon Certain Statements, Etc. A Director serving on the Board or on any
committee of the Board shall, in the performance of the Director’s duties, be fully protected in
relying in good faith upon the records of the Corporation and upon information, opinions, reports
or statements presented to the Corporation by any of its officers or employees or committees of the
Board, or by any other person as to matters the Director reasonably believes are within the other
person’s professional or expert competence and who has been selected with reasonable care by or on
behalf of the Corporation.

ARTICLE V

Notice

     Section 5.1 Methods of Giving Notice. Whenever under the provisions of the statutes, the
Certificate of Incorporation or these Bylaws notice is required to be given to any Director, member
of any committee or Stockholder, and no provision is made as to how the notice shall be given,
personal notice shall not be required and the notice shall be given in writing, (a) by hand
delivery, (b) by mail, postage prepaid, addressed to such committee member, Director or Stockholder
at his address as it appears on the books or (in the case of a Stockholder) the stock transfer
records of the Corporation, or (c) by any other method permitted by law (including but not limited
to electronic notice by email, overnight courier service, or telefax). Notice shall be deemed
delivered upon the earlier of actual receipt or the next business day after being sent as provided
in the this Section 5.1.

     Section 5.2 Written Waiver. Whenever any notice is required to be given under the provisions
of the statutes, the Certificate of Incorporation or these Bylaws, a waiver thereof in writing,
signed by the person or persons entitled to the notice, whether before or after the time stated
therein, shall be deemed equivalent to notice. Attendance of a Stockholder, Director, or committee
member at a meeting shall constitute a waiver of notice of the meeting, except where the person
attends for the express purpose of objecting to the transaction of any business on the ground that
the meeting is not lawfully called or convened.

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ARTICLE VI

Officers

     Section 6.1 Officers. The officers of the Corporation shall be a President, and a
Secretary. The Board may appoint such other officers, including one or more Vice Presidents and a
Treasurer, as it deems necessary, who shall hold their offices for such terms and shall exercise
such powers and perform such duties as shall be determined by the Board. Any two or more offices,
other than the offices of the President and Secretary, may be held by the same person. No officer
shall execute, acknowledge, verify or countersign any instrument on behalf of the Corporation in
more than one capacity, if that instrument is required by law, these Bylaws or any act of the
Corporation to be executed, acknowledged, verified or countersigned by two or more officers. None
of the other officers need be a Director, and none of the officers need be a Stockholder of the
Corporation or a resident of the State of Delaware.

     Section 6.2 Election and Term of Office. The officers of the Corporation may be elected from
time to time by the Board. Each officer may be elected to hold office until his successor shall
have been chosen and shall have qualified or until his death or the effective date of his
resignation or removal, or until he shall cease to be an employee of the Corporation or any of the
Affiliates.

     Section 6.3 Removal and Resignation. Any officer or agent elected or appointed by the Board
may be removed without cause by the affirmative vote of a majority of the Board, but removal shall
be without prejudice to any separate contractual and other rights, if any, of the person so
removed, including the right of indemnification for actions taken prior to removal and the
advancing of expenses incurred in connection with any of the matters that may be entitled to
indemnification. Any officer may resign at any time by giving notice to the Corporation. Any
resignation shall take effect at the date of the receipt of such notice or at any later time
specified therein, and, unless otherwise specified in the notice, the acceptance of such
resignation shall not be necessary to make it effective.

     Section 6.4 Vacancies. Any vacancy occurring in any office of the Corporation by death,
resignation, removal or otherwise, may be filled by the Board.

     Section 6.5 Salaries. The salaries of all officers and agents of the Corporation shall be
fixed by the Board or pursuant to its direction and no officer shall be prevented from receiving
such salary by reason of his also being a Director.

     Section 6.6 President. The President shall be a member of the Board. By virtue of his office
he shall be a member of the Executive Committee if such committee is created. In the absence of the
Chairman of the Board (if such office is filled by the Board and it is not the same person as the
President), the President shall preside at all meetings of the Board and the Stockholders. The
President shall perform such duties as may be assigned to him by the Board, the Executive Committee
or the Chairman of the Board (if the Chairman of the Board shall have been designated Chief
Executive Officer).

     Section 6.7 Chief Executive Officer. The President shall also serve as the Chief Executive
Officer, and, subject to the control of the Board, shall be responsible for and control

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the business and affairs of the Corporation. The Chief Executive Officer shall have the power
to appoint and remove subordinate officers, agents and employees, except those elected or appointed
by the Board. The Chief Executive Officer shall keep the Board and any Executive Committee fully
informed and shall consult with them concerning the business of the Corporation. He may sign with
the Secretary or any other officer of the Corporation thereunto authorized by the Board,
certificates for shares of the Corporation and any deeds, bonds, mortgages, contracts, checks,
notes, drafts or other instruments which the Board has authorized to be executed, except in cases
where the signing and execution thereof has been expressly delegated by these Bylaws or by the
Board to some other officer or agent of the Corporation, or shall be required by law to be
otherwise executed. He shall vote, or give a proxy to any other officer of the Corporation to vote,
all shares of the stock of any other corporation standing in the name of the Corporation and in
general he shall perform all other duties as usually appertain to the Chief Executive Officer and
such other duties as may be prescribed by the Stockholders, the Board or the Executive Committee
from time to time.

     Section 6.8 Vice Presidents. The Vice Presidents shall perform such duties as from time to
time may be assigned to them by the Chief Executive Officer, the Board or, if appointed, the
Executive Committee. Any Vice President may sign with the Secretary or any other officer of the
Corporation thereunto authorized by the Board, certificates for shares of the Corporation and any
deeds, bonds, mortgages, contracts, checks, notes, drafts or other instruments which the Board has
authorized to be executed, except in cases where the signing and execution thereof has been
expressly delegated by these Bylaws or by the Board to some other officer or agent of the
Corporation, or shall be required by law to be otherwise executed.

     Section 6.9 Secretary. The Secretary shall: (a) keep the minutes of the meetings of the
Stockholders, the Board, the Executive Committee and such other committees as the Board shall
designate; (b) see that all notices are duly given in accordance with the provisions of these
Bylaws or as required by law; (c) keep or cause to be kept a register of the post office address of
each Stockholder as furnished by the Stockholder; (d) sign with the President or a Vice-President
certificates for shares of the Corporation, the issue of which shall have been authorized by
resolution of the Board; (e) have general charge of the stock transfer books of the Corporation;
and (f) in general, perform all duties incident to the office of Secretary and such other duties as
from time to time may be assigned to him by the Chief Executive Officer, the Board or the Executive
Committee.

     Section 6.10 Treasurer. The Treasurer shall: (a) oversee all funds and securities of the
Corporation; (b) prepare, or cause to be prepared, such reports as shall be requested by the
Directors, the Executive Committee or the Chief Executive Officer; and (c) in general, perform all
the duties incident to the office of Treasurer and such other duties as from time to time may be
assigned to him by the Chief Executive Officer, the Board or the Executive Committee; provided,
however, the Corporation’s books and records may be kept by a Stockholder of the Corporation if
needed to facilitate the preparation of consolidated financial statements that include the
Corporation.

     Section 6.11 Assistant Secretary or Treasurer. Any Assistant Secretaries and Assistant
Treasurers shall, in general, perform such duties as shall be assigned to them by the Secretary or
the Treasurer, respectively, or by the Chief Executive Officer, the Board or the

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Executive Committee. The Assistant Secretaries and Assistant Treasurers shall, in the absence
of the Secretary or Treasurer, respectively, perform all functions and duties which such absent
officers may delegate, but this delegation shall not relieve the absent officer from the
responsibilities and liabilities of his office. The Assistant Secretaries may sign with the
President or any Vice President certificates for shares of the Corporation, the issue of which
shall have been authorized by a resolution of the Board.

     Section 6.12 No Employment Contract. Notwithstanding anything herein to contrary, nothing in
these Bylaws create any right of continued employment or an employment contract with respect to any
of the Corporation’s Stockholders, Directors, officers, or employees.

ARTICLE VII

Contracts, Loans, Checks and Deposits

     Section 7.1 Contracts. Any officer or officers is authorized to enter into any contract or
execute and deliver any instrument in the name of and on behalf of the Corporation consistent with
the established authorizations for that officer as shown in the records of the Corporation.

     Section 7.2 Loans. No loans shall be contracted on behalf of the Corporation and no evidence
of indebtedness shall be issued in its name unless authorized by the President or a resolution of
the Board (or a resolution of a committee of Directors pursuant to authority conferred upon the
committee). This authorization may be general or confined to specific instances.

     Section 7.3 Checks, etc. All checks, demands, drafts or other orders for the payment of
money, notes or other evidences of indebtedness issued in the name of the Corporation, shall be
signed by an officer or officers of the Corporation, and in such manner, as shall be determined by
the Board.

     Section 7.4 Deposits. All funds of the Corporation not otherwise in use shall be deposited
from time to time to the credit of the Corporation in such banks, trust companies or other
depositories as the Routine Matters Committee may select.

ARTICLE VIII

Certificates of Stock

     Section 8.1 Issuance. Each Stockholder of the Corporation whose shares have been fully paid
up shall be entitled to a certificate or certificates showing the number of shares registered in
his name on the books of the Corporation. The certificates of stock of the Corporation shall be in
such form as may be determined by the Board, shall be issued in numerical order and shall be
entered in the books of the Corporation as they are issued. Any certificates issued after the
effective date of these bylaws shall exhibit the holder’s name and number of shares, shall be
signed by the President and by the Secretary or an Assistant Secretary, shall bear the seal of the
Corporation and shall be countersigned by any Transfer Agent and Registrar designated and appointed
by the Board. If any stock certificate is signed (1) by a transfer agent or an assistant transfer
agent, or (2) by a transfer clerk acting on behalf of the Corporation and a registrar, the
signature of any such officer and the seal of the Corporation thereon may be facsimile. All
certificates surrendered to the Corporation for transfer shall be

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cancelled. No new certificate shall be issued until the former certificate for a like number
of shares shall have been surrendered and cancelled, except that in the case of a lost, stolen,
destroyed or mutilated certificate, a new one may be issued therefor upon such terms and with such
indemnity (if any) to the Corporation as the Board may prescribe. Certificates shall not be issued
representing fractional shares of stock.

     Section 8.2 Lost Certificates. The Board may direct a new certificate or certificates to be
issued in place of any certificate or certificates theretofore issued by the Corporation alleged to
have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person
claiming the certificate of stock to be lost, stolen or destroyed. When authorizing the issuance of
a new certificate or certificates, the Board may, in its discretion as a condition precedent to the
issuance thereof, require the owner of the lost, stolen or destroyed certificates, or his legal
representative, to advertise the missing certificate in such manner as it shall require and/or to
give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be
made against the Corporation with respect to the missing certificate.

     Section 8.3 Transfers. Upon surrender to the Corporation or the transfer agent of the
Corporation of a certificate for shares duly endorsed or accompanied by proper evidence of
succession, assignment or authority to transfer, it shall be the duty of the Corporation to issue a
new certificate to the appropriate person, cancel the old certificate and record the transaction
upon its books. Transfer of shares shall be made only on the books of the Corporation by registered
holder, or by his attorney-in-fact as authorized by power of attorney filed with the Secretary of
the Corporation or the Transfer Agent.

     Section 8.4 Registered Stockholders. The Corporation shall be entitled to treat the holder
of record of any share or shares of stock as the holder in fact thereof and, accordingly, shall not
be bound to recognize any equitable or other claim to or interest in such share or shares on the
part of any other person, whether or not it shall have express or other notice thereof, except as
otherwise provided by the laws of Delaware.

     Section 8.5 Regulations. The Board shall have the power and authority to adopt all such
rules and regulations as they may deem expedient concerning the issue, transfer and registration or
the replacement of certificates for shares of stock of the Corporation.

     Section 8.6 Legends. The Board shall have the power and authority to provide that
certificates representing shares of stock bear such legends as the Board deems appropriate to
assure that the Corporation does not become liable for violations of federal or state securities
laws or other applicable law.

ARTICLE IX

Dividends

     Section 9.1 Declaration. Dividends upon the capital stock of the Corporation, subject to the
provisions of the Certificate of Incorporation, if any, may be declared by the Board at any regular
or special meeting or by consent. Dividends may be paid in cash, in property, or in shares of the
capital stock, subject to the provisions of the Certificate of Incorporation. Such declaration and
payment shall be at the discretion of the Board.

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     Section 9.2 Reserve. Before payment of any dividend, there may be set aside out of any funds
of the Corporation available for dividends such sum or sums as the Directors from time to time, in
their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for
equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such
other purpose as the Directors shall think conducive to the interest of the Corporation, and the
Directors may modify or abolish any such reserve in the manner in which it was created.

ARTICLE X

Indemnification

     Section 10.1 Right to Indemnification.

     (a) Each person who was or is made a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the Corporation), by
reason of the fact that he or she (or a person of whom he or she is a legal representative) is or
was a Director or officer of the Corporation, or is or was serving or has agreed to serve at the
request of the Corporation in any capacity, any corporation, limited liability company,
partnership, joint venture, trust or other enterprise, including service with respect to employee
benefit plans, whether the basis of such proceeding is alleged action in an official capacity as an
officer, director, employee or agent, shall be indemnified and held harmless by the Corporation to
the fullest extent authorized by the Delaware General Corporation Law, as the same exists or may be
amended (but, in the case of such amendment, only to the extent that such amendment permits the
Corporation to provide broader indemnification rights than permitted prior to such amendment),
against all expense, liability and loss (including, without limitation, attorneys’ fees),
judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement)
actually and reasonably incurred or suffered by such person in connection therewith and such
indemnification shall continue as to person who has ceased to be a director, officer, employee or
agent and shall inure to the benefit of his or her heirs, executors and administrators, if the
person acted in good faith and in a manner the person reasonably believed to be in or not opposed
to the best interests of the Corporation, and, with respect to any criminal action or proceeding,
had no reasonable cause to believe the person’s conduct was unlawful. The termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that the person did not
act in good faith and in a manner which the person reasonably believed to be in or not opposed to
the best interests of the Corporation, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that the person’s conduct was unlawful.

     (b) The Corporation shall indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action or suit by or in the right of the
Corporation to procure a judgment in its favor by reason of the fact that the person is or was a
Director or officer of the Corporation, or is or was serving at the request of the Corporation as a
director, manager or officer of another corporation, limited liability company, partnership, joint
venture, trust or other enterprise against expenses (including attorneys’ fees) actually and
reasonably incurred by the person in connection with the defense or settlement of such action or
suit if the person acted in good faith and in a manner the person reasonably believed to be in or

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not opposed to the best interests of the Corporation and except that no indemnification shall
be made in respect of any claim, issue or matter as to which such person shall have been adjudged
to be liable to the Corporation unless and only to the extent that the Delaware Court of Chancery
or the court in which such action or suit was brought shall determine upon application that,
despite the adjudication of liability but in view of all the circumstances of the case, such person
is fairly and reasonably entitled to indemnity for such expenses which the Delaware Court of
Chancery or such other court shall deem proper.

     (c) To the extent that a present or former Director or officer of the Corporation has been
successful on the merits or otherwise in defense of any action, suit or proceeding referred to in
subsections (a) and (b) of this Section 10.1, or in defense of any claim, issue or matter therein,
such person shall be indemnified against expenses (including attorneys’ fees) actually and
reasonably incurred by such person in connection therewith.

     (d) Any indemnification under subsections (a) and (b) of this Section 10.1 (unless ordered by
a court) shall be made by the Corporation only as authorized in the specific case upon a
determination that indemnification of the present or former Director or officer is proper in the
circumstances because the person has met the applicable standard of conduct set forth in
subsections (a) and (b) of this Section 10.1. This determination shall be made, with respect to a
person who is a Director or officer at the time of such determination, (1) by a majority vote of
the Directors who are not parties to such action, suit or proceeding, even though less than a
quorum, or (2) by a committee of such Directors designated by majority vote of such Directors, even
though less than a quorum, or (3) if there are no such Directors, or if such directors so direct,
by independent legal counsel in a written opinion, or (4) by the Stockholders.

     (e) Upon authorization of the Board and subject to any limitations or conditions imposed by
it, the Corporation may indemnify its employees and agents to the same extent and in the same
manner provided to Directors and officers in this Section 10.1. Also, the Board may authorize the
advancing of expenses to its employees and agents to the same extent provided to Directors and
officers in Section 10.2 subject to any limitations or conditions the Board may deem appropriate.

     Section 10.2 Advances for Expenses. Expenses (including attorneys’ fees) incurred by an
officer or Director in defending any civil, criminal, administrative or investigative action, suit
or proceeding may be paid by the Corporation in advance of the final disposition of such action,
suit or proceeding upon receipt of an undertaking by or on behalf of such Director or officer to
repay such amount if it shall ultimately be determined that such person is not entitled to be
indemnified by the Corporation as authorized in this section. Such expenses (including attorneys’
fees) incurred by former Directors and officers or other employees and agents may be so paid upon
such terms and conditions, if any, as the Corporation deems appropriate

     Section 10.3 Non-Exclusivity of Rights. The right to indemnification and the payment of
expenses incurred in defending a proceeding in advance of its final disposition conferred in this
Section shall not be exclusive of any other right which any person may have or hereafter acquire
under any statute, provision of the Certificate of Incorporation, these Bylaws, agreement, vote of
stockholders or disinterested Directors or otherwise.

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     Section 10.4 Insurance. The Corporation may maintain insurance, at its expense, to
protect itself and any Director, officer, employee or agent of the Corporation or another
corporation, partnership, joint venture, trust or other enterprise against any such expense,
liability or loss, whether or not the Corporation would have the power to indemnify such
person against such expense, liability or loss under the Delaware General Corporation Law.

     Section 10.5 Savings Clause. If all or any part of Article X is invalidated on any
ground by any court of competent jurisidiction, then the Corporation shall nevertheless
indemnify and hold harmless each current, former or proposed Director and officer of the
Corporation, as to costs, charges and expenses (including attorney’s fees), judgments,
fines, and amounts paid in settlement with respect to any action, suit or proceeding,
whether civil, criminal, administrative or investigative to the full extent permitted by any
applicable portion of this Article X that is invalidated and to the fullest extent permitted
by applicable law.

ARTICLE XI

Miscellaneous

     Section 11.1 Fiscal Year. The fiscal year of the Corporation shall be determined by the
Board.

     Section 11.2 Books. The books of the Corporation may be kept (subject to any provisions
contained in the statutes) outside the State of Delaware at the offices of the Corporation in Fort
Worth, Texas, or at such other place or places as may be designated from time to time by the Board.

     Section 11.3 Securities of Other Corporations. The Chairman of the Board, the President, or
any Vice President, the Corporation shall have the power and authority to transfer, endorse for
transfer, vote, consent, or take any other action with respect to any securities of another issuer
which may be held or owned by the Corporation and to make, execute, and deliver any waiver, proxy
or consent with respect to any such securities.

     Section 11.4 Telephone Meetings. Stockholders (acting for themselves or through a proxy),
members of the Board and members of a committee of the Board may participate in and hold a meeting
of the Stockholders, Board or committee by means of a conference telephone or similar
communications equipment by means of which persons participating in the meeting can hear each
other, and participation in a meeting pursuant to this section shall constitute presence in person
at such meeting, except where a person participates in the meeting for the express purpose of
objecting to the transaction of any business on the ground that the meeting is not lawfully called
or convened.

     Section 11.5 Inspection of Books and Records. A request to inspect the Corporation’s books
and records shall be in writing and otherwise comply with Section 220 of the Delaware General
Corporation Law. In addition, any Stockholder making such a request must agree that any information
so inspected, copied or extracted by the Stockholder shall be kept confidential, that any copies or
extracts of such information shall be returned to the

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Corporation and that information shall only be used for the purpose stated in the request.
Information so requested shall be made available for inspecting, copying or extracting at the
principal executive offices of the Corporation.

     Section 11.6 Invalid Provisions. If any part of these Bylaws shall be held invalid or
inoperative for any reason, the remaining parts, so far as it is possible and reasonable, shall
remain valid and operative.

     Section 11.7 Mortgages, etc. With respect to any deed, deed of trust, mortgage or other
instrument executed by the Corporation through its duly authorized officer or officers, the
attestation to the execution by the Secretary of the Corporation shall not be necessary to
constitute such deed, deed of trust, mortgage or other instrument a valid and binding obligation
against the Corporation unless the resolutions, if any, of the Board authorizing such execution
expressly state that such attestation is necessary.

     Section 11.8 Headings. The headings used in these Bylaws have been inserted for
administrative convenience only and do not constitute matter to be construed in interpretation.

     Section 11.9 References. Whenever herein the singular number is used, the same shall include
the plural where appropriate, and words of any gender should include each other gender where
appropriate.

ARTICLE XII

Amendment

     These Bylaws may be altered, amended or repealed by a majority of the Board present at
any regular meeting of the Board without prior notice, or at any special meeting of the
Board if notice of such alteration, amendment or repeal be contained in the notice of such
special meeting. In addition to any affirmative vote of the holders of any particular class
or series of the capital stock of the Corporation required by law or by the Certificate of
Incorporation of the Corporation, the affirmative vote of the holders of not less than
eighty percent (80%) of the outstanding shares of the Corporation then entitled to vote upon
the election of directors, voting together as a single class, shall be required for the
alteration, amendment, or repeal of the Bylaws or adoption of new Bylaws by the Stockholders
of the Corporation.

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     IN WITNESS WHEREOF, the undersigned Directors and Stockholders adopted these Amended and
Restated Bylaws as of the 30th day of June, 2009.

	 	 	 	 
	 	DIRECTORS:
	 	 
	 	 
	 	 
	 	 
	 	 
	 	John S. Pinkerton
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Roger S. Manny
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Rodney L. Waller
	 	 
	 	 
	 	 
	 	STOCKHOLDER:
	 	 
	 	 
	 	 
	 	[                                                            ]
	 	 
	 	 
	 	 
	 	By:                                                                                     
	 	 
	 	 
	 	 
	 	                                                 ,
                                         
	 	 

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Annex 2

Form of Amended and Restated Company Agreement

Annex 2

 

 

AMENDED AND RESTATED

COMPANY AGREEMENT

OF

 

     This Amended and Restated Company Agreement (this “Agreement,” as it may be amended from time
to time as provided below) for                     , a Delaware limited liability company (the “Company”) is
made and entered into effective as of June 30, 2009 (the “Effective Date”), by                      as
the sole member of the Company (the “Member”) and accepted by the Company.

Recitals

     WHEREAS, the Company was formed as a limited liability company under the Delaware Limited
Liability Company Act, as it may be amended from time to time (the “DLLCA”), by filing a
Certificate of Formation with the Secretary of State of the State of Delaware;

     WHEREAS, the Member desires to amend and restate in its entirety any and all company
agreements previously executed or adopted by the Member or its predecessor, if any; and

     WHEREAS, the Member desires to enter into this Agreement to set for the Member’s rights and
obligations and other matters with respect to the Company.

     NOW, THEREFORE, in consideration of the promises, covenants and provisions hereinafter
contained, the Member hereby adopts the following:

Agreement

ARTICLE I

Organizational and Other Matters

     Section 1.1 Organization; Admission. The Company was organized as a limited liability
company pursuant to Section 18-201 of the DLLCA by filing the Certificate of Formation (the
“Certificate”) with the Secretary of the State of Delaware. The sole Member of the Company is
                    .

     Section 1.2 Name. The name of the Company is “___”, and the business of
the Company is conducted under such name. The Member may, in its sole discretion, change the name
of the Company from time to time. In any such event, the change shall be effective upon the Member
filing or causing to be filed in the office of the Secretary of the State of Delaware an amendment
to the Certificate reflecting such change of name.

     Section 1.3 Limited Liability. Except as otherwise provided by the DLLCA, the debts,
obligations and liabilities of the Company, whether arising in contract, tort or otherwise,

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shall
be the debts, obligations and liability solely of the Company, and the Member shall not be
obligated personally for any such debts, obligations or liabilities by reason of being a Member.

     Section 1.4 Registered Office and Agent. The address of the Company’s registered office
(required by 18-104 of the DLLCA to be maintained in the State of Delaware) shall be The
Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801 and the name of the
Company’s registered agent at such address is The Corporation Trust Company. The Company’s
principal place of business shall be 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102.
The Company may change the registered office, registered agent, or place of business from time to
time. The Company may from time to time have such other place or places of business within or
without the State of Delaware as may be determined by the Member.

     Section 1.5 Fiscal Year. The fiscal year of the Company shall be the calendar year unless,
for United States federal income tax purposes, another fiscal year is required. The Company shall
have the same fiscal year for United States federal income tax purposes and for accounting
purposes.

     Section 1.6 No State-Law Partnership. The Company shall not be a partnership or joint
venture for any reason other than for United States federal income and state tax purposes, and no
provision of this Agreement shall be construed otherwise.

     Section 1.7 Company Property. All real and personal property owned by the Company shall be
deemed owned by the Company as an entity and held in its name. No Member shall have any ownership
interest in any Company property by any reason of his interest in the Company.

     Section 1.8 Merger and Conversion. The Company may merge with, or convert into, another
entity only in accordance with a plan of merger or conversion approved by the Member.

ARTICLE II

Purpose and Powers

     Section 2.1 Purpose of the Company. The purpose of the Company shall be to engage or
participate in any lawful business activities in which a limited liability company formed in the
State of Delaware may engage or participate.

     Section 2.2 Powers of the Company. The Company shall have the power to do any and all acts
reasonably necessary, appropriate, proper, advisable, incidental or convenient to or for the
furtherance of the purpose and business described herein and for the protection and benefit of the
Company.

ARTICLE III

Members and Interests

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     Section 3.1 Current Members. The Person executing this Agreement as a Member is the sole
Member of the Company, and there are no other Members.

     Section 3.2 Capital Contributions.

(a) Indirect or direct consideration has previously been given by the Member.

(b) No Member shall have any obligations to make any contribution to the Company.

     Section 3.3 Admission of Additional Limited Members. The Board of Managers may cause the
Company to issue additional ownership interests in the Company (the “Interests”) and may admit an
additional Person to the Company as a Member on such terms as the Board of Managers shall
determine, if but only if each such new Member agrees in writing to be bound by the provisions of
this Agreement as a Member and notifies the other Members of its address for notices under this
Agreement.

     Section 3.4 Members Generally. The Members shall have no authority to take part in the
control, conduct or operation of the Company and shall have no right or authority to act for or
bind the Company, including during the winding up of the Company. Other than as specifically
provided in this Agreement or non-waivable provisions of the DLLCA, no Member shall have the right
to vote upon any matter concerning the business and affairs of the Company.

     Section 3.5 Compensation of Members. No Member shall receive any compensation for its
services to the Company.

ARTICLE IV

Distributions

     The Member shall decide whether and in what amounts assets of the Company shall be distributed
to the Member, subject to the requirements of applicable law. All amounts distributed to a Member,
if any, shall be distributed in proportion to the Member’s sharing percentage show opposite each
Member’s signature of this Agreement.

ARTICLE V

Management of the Company

     Section 5.1 Management by Managers. Subject to the provisions of Section 5.2 and the
rights and powers, statutory or otherwise, possessed by a member of a limited liability company
under the DLLCA, the powers of the Company shall be exercised by or under the authority of, and the
business and affairs of the Company shall be managed under the direction of, one or more managers
of the Company (each, a “Manager” and collectively, the “Managers”), and any Manager, acting alone,
has the authority to act on behalf of, and to bind, the Company. Each Manager shall be a natural
person.

     Section 5.2 Decisions Requiring Member Consent. Notwithstanding any power or authority
granted to the Managers under the DLLCA or this Agreement, the Managers may not make any decision
or take any action for which the consent of the Member is expressly required by the DLLCA or this
Agreement without first obtaining such consent of the Member as so required.

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     Section 5.3 Selection of Managers. The number of Managers of the Company shall be three,
unless such number is changed by the consent of the Member. The Managers on the Effective Date of
this Agreement shall be John H. Pinkerton, Roger S. Manny and Rodney L. Waller. Managers need not
be Members or residents of the State of Delaware. Each Manager (whether an initial or successor
Manager) shall cease to be a Manager upon the earliest to occur of the following events: (a) a
successor to a Manager shall be appointed by the Member, (b) the Manager shall be removed, with or
without cause, by the action of the Member at a meeting of the Member called for that purpose or by
written consent of the Member; (c) the Manager shall resign as a Manager or as an officer or
employee of the Company, Range Resources Corporation or any other company directly or indirectly
controlled or owned by Range Resources Corporation, by giving written notice of resignation to the
Company; or (d) the death of the Manager shall die. Any vacancy in any Manager position may be
filled by the action of the Member at a meeting of the Member, or by written consent of a majority
of the remaining Managers, though less than a quorum of the Managers. Range Resources Corporation
and all other entities directly or indirectly owned or controlled by it are collectively called
“Affiliates”.

     Section 5.4 Meetings of the Mangers. Regular meetings of the Managers as a board of
managers (the “Board”) are not required, but may be held on such dates and at such times as shall
be determined by the Managers, with notice of the establishment of such regular meeting schedule
being given to each Manager who was not present at the meeting at which it was adopted. Special
meetings of the Managers may be called by any Manager by notice thereof (specifying the place and
time of such meeting) that is delivered to each other Manager at least 24 hours prior to the
meeting. The notice or the waiver of notice need not specify either the business to be transacted
or the purpose of the special meeting. Unless otherwise expressly provided in this Agreement, at
any meeting of the Managers, a majority of the Managers shall constitute a quorum for the
transaction of business, and an act of a majority of the Managers who are present at such a meeting
at which a quorum is present shall be the act of the managers. Managers may vote in person or by
proxy.

     Section 5.5 Action Without a Meeting; Resolutions In Ordinary Course. Any action required
or permitted to be taken at any meeting of the Board, or any committee designated by the Board, may
be taken without a meeting if at least two-thirds (2/3) of the Managers serving on the Board or on
a committee of the Board as the case may be, consent in writing to the action under consideration,
and the consent or consents are filed with the minutes of proceedings of the Board or committee. A
written consent shall have the same force and effect as a vote at a meeting. In addition, (a) any
two of the Managers or (b) the President together with any Vice President of the Company shall have
the authority to adopt standard form resolutions with the same force and effect as if the
resolutions were adopted by the Board, provided those resolutions relate to routine matters in the
business of the Company, and the Manager, President or Vice President promptly causes a copy of
those resolutions to be placed in the Company’s minute book along with the other minutes and
resolutions of the Board. As used in this Section 5.5, “routine matters in the course of the
Company’s business” shall include, but not be limited to, (a) the opening of checking, money
market, securities brokerage, commodities trading, and other similar accounts, (b) qualifying the

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Company to transact business in another jurisdiction and the appointment of agents for service of
process; (c) investing or hedging the Company’s assets and the execution and delivery of related
contracts, and (d) any matters or transactions that relate to matters or transactions previously
approved by the Board of Directors of Range Resources Corporation including guaranteeing the
indebtedness of Range Resources Corporation.

     Section 5.6 Conference Call Meeting. The Board, or members of any committee designated by
the Board, may participate in a meeting of such Board or committee, as the case may be, by means of
a conference telephone or similar communications equipment by means of which all persons
participating in the meeting can hear each other, and participation in such a meeting shall
constitute presence in person at such meeting, except where a person participates in the meeting
for the express purpose of objecting to the transaction of any business on the ground that the
meeting is not lawfully called or convened.

     Section 5.7 Waiver of Notice Through Attendance. Attendance of a Manager at any meeting of
the Board or any committee thereof (including by telephone) shall constitute a waiver of notice of
such meeting, except where the Manager attends the meeting for the express purpose of objecting to
the transaction of any business on the ground that the meeting is not lawfully called or convened.

     Section 5.8 Reliance on Books, Reports and Records. A Member, Manager or liquidating
trustee shall be fully protected in relying in good faith upon the records of the Company and upon
information, opinions, reports or statements presented by another Member, Manager, liquidating
trustee, an officer or employee of the Company or committees of the Company or any other person as
to matters the relying person reasonably believes are within the other person’s professional or
expert competence, including information, opinions, reports or statements as to the value and
amount of assets, liabilities, profits or losses of the Company or the value and amount of assets
or reserves or contracts, agreements or other undertakings that would be sufficient to pay claims
and obligations of the Company or to make reasonable provision to pay those claims and obligations,
or any other facts pertinent to the existence and amount of assets from which distributions might
be made to the Member or creditors might be properly paid. To the extent permitted by Delaware
law, the officers may also rely on the information, opinions, reports and statements of other
persons in the manner and with the same protection provided in the preceding sentence.

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     Section 5.9 Actions By Members, Managers & Officers. No member or the Manager, or any of
their respective officers, directors, shareholders, constituent partners, managers, members,
trustees, representatives, agents or employees, shall be liable to the Company or to any of the
other Members for any action taken (or any failure to act) by it in good faith on behalf of the
Company and reasonably believed by it to be authorized or within the scope of its authority, unless
that action (or failure to act) constitutes fraud, gross negligence, bad faith or willful
misconduct, and then only to the extent otherwise provided by law.

     Section 5.10 Officers.

     (a) Authority to Appoint; Powers. The Managers may appoint, and remove with or
without cause, such officers of the Company as the Managers from time to time may determine, in
their sole and absolute discretion to manage and control the business and affairs of the Company.
Officers need not be Members or Managers. The Member and the Company contemplate that Managers
acting separately (and not as the Board) and officers of the Company will conduct the business of
the Company without the formality of frequent meetings of the Board or obtaining written consent of
two-thirds (2/3) of the Managers. Therefore, in accordance with the provisions of the DLLCA, the
Member and the Company agree and consent that, except as provided in the following sentence or as
required by the DLLCA, any of the Managers, the President or any Vice President shall have full
authority to transact the business of the Company in all regards without the formality of Board or
Member approval, including without limitation the authority (i) to declare and make distributions,
(ii) to sell or transfer assets of the Company so long as those assets are not all or substantially
all of the assets of the Company, (iii) to encumber any or all of the Company’s assets to secure
funded indebtedness of the Company or any of the Affiliates, (iv) to enter into leases, contracts
and agreements in the ordinary course of the Company’s business without regard to the amount or
duration of the leases, contracts or agreements, and (v) to conduct any other activities consistent
with matters or transactions previously approved by the Board of Directors of Range Resources
Corporation or to enter into contracts, agreements, deeds of trust, guarantees, derivatives
contracts and other documents pertaining to those matters or transactions. Notwithstanding
anything herein to the contrary, the powers granted to a Manager acting separately and officers of
the Company shall not include (1) the power to amend this Agreement or the Certificate; (2) the
admission of one or more other persons as Members of the Company, whether by new issuance of
interests in the Company or total or partial transfer of the current Member’s interest in the
Company; (3) any activity that is unlawful or violates the resolutions or policies adopted by the
Company’s Board or the Board of Directors of Range Resources Corporation, (4) action calling for
the dissolution, merger or consolidation of the Company or a sale of substantially all of its
assets, (5) any matter in which the approving Manager, President or Vice President or any member of
his family has a financial interest or an interest adverse to the Company, Range Resources
Corporation or any company directly or indirectly controlled or owned by Range Resources
Corporation, and (6) to do anything contrary to the provisions of this Agreement or the Company’s
Certificate. The powers granted in this subsection 5.10(a) of this Agreement are in addition to
the powers described in Section 5.5 of this Agreement.

     (b) Term. Subject to any express term of any written agreement between the Company
and any officer approved by the Managers in writing, any officer so appointed by the

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Managers shall serve in the capacity so appointed until (i) removed with or without cause by
the Managers, (ii) the officer’s successor shall be duly elected and appointed by the Managers or
(iii) the officer’s death, disability or resignation.

     (c) Titles. To the extent appointed by the Managers, the officers of the Company may
be a President, a Secretary, one or more Vice Presidents (any one or more of whom may be designated
to a class of Vice Presidents), a Treasurer and such other officers as the Managers may from time
to time elect or appoint. Any number of offices may be held by the same person.

     (d) Salaries. Subject to any express terms of any written agreement between the
Company and any officer that was approved by the Managers in writing, the salaries or other
compensation of the officers and agents of the Company shall be fixed from time to time by the
Managers. Nothing in this Agreement shall be deemed to constitute an assurance of continued
employment or an employment agreement for any Manager or officer of the Company.

     (e) Vacancies. Any vacancy occurring in any office of the Company may be filled by
the Managers.

     (f) Chairman of the Board. If appointed, Chairman of the Board shall be a member of
the Board. By virtue of his office he shall be a member of the Executive Committee if that
committee be created. He shall preside at all meetings of the Board and Members.

     (g) President. The President shall be a member of the Board. By virtue of his office
he shall be the Company’s chief executive officer and a member of the Executive Committee if that
committee is created. In the absence of the Chairman of the Board, the President shall preside at
all meetings of the Board. The President shall supervise and direct the operations of the Company
and shall perform such other duties as may be assigned to him. He may sign with the Secretary, or
any other authorized officer of the Corporation, any instruments which the Board has authorized to
be executed.

     (h) Vice Presidents. The Vice Presidents shall perform such duties as from time to
time may be assigned to them by the President, the Board or the Executive Committee. The Board may
appoint Vice Presidents in classes.

     (i) Secretary. The Secretary shall: (a) keep the minutes of the meetings of the
Members, the Board, the Executive Committee and such other committees as the Board shall designate;
(b) see that all notices are duly given in accordance with the provisions of these Bylaws or as
required by law; (c) keep or cause to be kept a register of the post office address of each Member,
and (d) perform all duties incident to the office of Secretary and such other duties as from time
to time may be assigned to him.

     (j) Treasurer. If required by the Board, the Treasurer shall give a bond for the
faithful discharge of his duties in such sum and with such surety or sureties as the Board shall
determine. He shall such duties related to the Company’s cash and its books and records as may be
assigned to him by the Board.

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     (k) Assistant Secretary or Treasurer. The Assistant Secretaries and Assistant
Treasurers shall, in the absence of the Secretary or Treasurer, respectively, perform all functions
and duties which such absent officers may delegate, but any such delegation shall not relieve the
absent officer from the responsibilities and liabilities of his office.

ARTICLE VI

Liability and Indemnification

     Section 6.1 Liability Limitation. No Member or Manager is liable to any other Member or
the Company for any act or omission made in good faith relating to the Member’s or Manager’s status
as a Member or Manager, or in the course of the performance of the Member’s or Manager’s right and
obligations under this Agreement; provided, however, that a Member or Manager is liable to other
Members or the Company for damages caused by any act or omission resulting form the Member’s or
Manager’s fraud, gross negligence, willful misconduct, or intentional breach of any provision of
this Agreement.

Section 6.2 Indemnity. The Company shall indemnify and hold each Member, each Manager and each
office appointed by the Board harmless for and from all assessments, costs, damages, expenses,
fines, judgments, liabilities, losses, penalties, and reasonable attorney’s and paralegal’s fees
and disbursements incurred by the Member, the Manager or officer by reason of any act or omission
performed or omitted by the Member. the Manager or officer on behalf of the Company; provided,
however, a Member, Manager or officer shall not be indemnified by the Company for any of the
foregoing resulting from the Manager fraud, gross negligence, willful misconduct, or intentional
breach of any provision of this Agreement. The Company shall, upon approval of the Board, have the
power, but not the obligation, to indemnify any individual, other than a Manager, who is or was an
employee or agent of the Company to the same extent as if such individual was a Member or Manager.

     Section 6.3 Advances. Expenses (including attorneys’ fees) incurred by a Member, Manager or
officer of the Company in defending any civil, criminal, administrative or investigative action,
suit or proceeding may be paid by the Company in advance of the final disposition of such action,
suit or proceeding upon receipt of an undertaking by or on behalf of the Member, Manager or officer
of the Company to repay such amount if it shall ultimately be determined that such person is not
entitled to be indemnified by the Company as authorized in this section. Expenses (including
attorneys’ fees) incurred by a former Member, Manager or officer of the Company or other employees
and agents may be so paid with such limitations, terms and conditions, if any, as the Board deems
appropriate.

ARTICLE VII

Assignment of Membership Interests

     The Member may assign all or any portion of such Member’s interest in the Company at any time.
Upon any such assignment, (i) the assignee shall succeed to the rights and obligations of the
member in respect of its interest transferred, (ii) upon the assignment of 100% of the outstanding
interest in the Company held by a single member to one or more assignees, each assignee shall
become a Member of the Company, and (iii) upon any other assignment of an interest in the Company,
the assignee shall become a Member in the Company upon the consent

Annex 2

 

 

of all Members other than the assigning Member or, if the assigning member shall be the sole
member immediately prior to such assignment, upon the consent of the assigning Member.
Notwithstanding anything to the contrary contained herein, no transfer of a Member’s interest in
the Company shall operate to dissolve the Company.

ARTICLE VIII

Dissolution and Liquidation

     Section 8.1 Dissolution. The Company shall be dissolved upon the occurrence of any
dissolution event specified in the DLLCA; provided, however, that the Company shall not dissolve
upon the occurrence of any of the events described in Section 18-801(a)(4) of the DLLCA (including,
without limitation, the death or bankruptcy of the Member.

Section 8.2 Effect of Dissolution. Upon dissolution, the Company shall cease carrying on its
business but shall not terminate until the winding up of the affairs of the Company is
completed, the assets of the Company shall have been distributed as provided below and a
Certificate of Cancellation of the Company under the DLLCA has been filed in the office of the
Secretary of State of the State of Delaware.

     Section 8.3 Liquidation Upon Dissolution. Upon the dissolution of the Company, sole and
plenary authority to effectuate the liquidation of the assets of the Company shall be vested in the
Member, which shall have full power and authority to sell, assign and encumber any and all of the
Company’s assets and to wind up and liquidate the affairs of the Company in an orderly and
business-like manner. The proceeds of liquidation of the assets of the Company distributable upon
a dissolution and winding up of the Company shall be applied in the following order of priority.

	 	(a)	 	first, to the creditors of the Company, including a creditor who is the
Member, in the order of priority provided by law or contract, in satisfaction of all
liabilities and obligations of the Company (of any nature whatsoever, including without
limitation, fixed or contingent, matured or unmatured, legal or equitable, secured or
unsecured), whether by payment or the making of reasonable provision for payment
thereof; and
	 
	 	(b)	 	thereafter, to the Member.

     Section 8.4 Winding Up and Certificate of Cancellation. The winding up of the Company
shall be completed when all of its debts, liabilities, and obligations have been paid and
discharged or reasonable adequate provision therefore has been made, and all of the remaining
property and assets of the Company have been distributed to the Member. Upon the completion of the
winding up of the Company, a Certificate of Cancellation of the Company shall be filed in the
office of the Secretary of State of the State of Delaware.

ARTICLE IX

Miscellaneous

     Section 9.1 Amendment. This Agreement may be amended or modified only by a written
instrument executed by the Member(s) holding a majority of the outstanding interests in
the Company. In addition, the terms or conditions hereof may be waived by a written
instrument executed by the party waiving compliance.

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     Section 9.2 Severability. If any provision of this Agreement shall be held to be invalid,
illegal or unenforceable, the validity, legality or enforceability of the remaining provisions
shall not in any way be affected or impaired, unless that provision was fundamental to the
objectives of this Agreement.

     Section 9.3 Governing Law. This Agreement shall be governed by laws of the State of
Delaware, including the DLLCA, and the federal laws of the United States.

[Remainder of this Page Intentionally Left Blank]

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     IN WITNESS WHEREOF, the undersigned Member has entered into this Agreement as of June 30,
2009.

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	SOLE MEMBER:	 
	Sharing Percentages	 	[                                                ]	 
	 

	 	 	100.0	%	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 
	 

	 	 	 	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 	 	                                            
,
                                 

Company Acceptance

     The undersigned __________, a Delaware limited liability company defined as the “Company” in
the foregoing agreement, agrees that it and its operations shall be bound by the foregoing Amended
and Restated Company Agreement.

	 	 	 	 	 	 	 	 
	 	 	 	 , 
	 	 	(a Delaware limited liability company)	 
	 
	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 
	 	 	 	 	 	 
	 

	 	 	 	Name & Title:	 	 	 
	 

	 	 	 	 	 	 	 

Date: __________, 2009 and effective June 30, 2009

Annex 2

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