Document:

Exhibit

	
					
	 

Exhibit 10.2

	
					
	 
	 
	 
	 
	NOTICE OF GRANT

	 
	 
	Participant:
	 
	Neill Reynolds

	Company:
	 
	Award Number:
	 
	40

	Cree, Inc.
	 
	Award Plan:
	 
	2013 Long-Term Incentive Compensation Plan

	4600 Silicon Drive
	 
	Award Type:
	 
	Performance Units

	Durham, NC  27703
	 
	Grant Date:
	 
	August 26, 2019

	Tax I.D. 56-1572719
	 
	Performance Period:
	 
	July 1, 2019 through June 28, 2020

Dear Neill:
I am pleased to inform you that Cree, Inc. (the “Company”) has awarded Performance Units to you effective August 26, 2019 (the “Grant Date”).  This award is subject to and governed by the terms of the Cree, Inc. 2013 Long-Term Incentive Compensation Plan (the “Plan”), the terms of the Master Performance Unit Award Agreement between you and the Company, and this Notice of Grant.  

The amount payable to you pursuant to your Performance Units (“D”) will be determined as the result of A x B x C, where:
		
	•
	A equals your Base Salary;

		
	•
	B equals your Target Award Level; and

		
	•
	C equals the Performance Measurement.

For purposes of the foregoing, except as expressly provided otherwise in this Notice of Grant, “Base Salary” shall refer to your annual base salary in effect on the last day of the first fiscal quarter of fiscal year 2020 (“FY20”), as provided in the Company’s human resources management system, unless your annual base salary changes after the first fiscal quarter.  If your annual base salary changes after the first fiscal quarter, “Base Salary” will mean the weighted average annual base salary for the Performance Period determined by multiplying each annual base salary in effect during the Performance Period by a fraction, the numerator of which is the number of calendar days in the Performance Period on which such annual base salary was in effect and the denominator of which is the number of calendar days in the Performance Period.  However, if you are on a leave of absence (other than a leave of absence where you continue to be paid your full base salary through the Company’s payroll system, except payments received under the Company’s short-term disability income protection plan), for all or part of the Performance Period, your Base Salary will be reduced proportionately to equate to the base salary applicable to the number of calendar days you were not on a leave of absence during the Performance Period.    

For purposes of the foregoing, your “Target Award Level” is eighty percent (80%). 

For purposes of the foregoing, the “Performance Measurement” is a percentage between 0% and 200% determined by the Compensation Committee of the Company’s Board of Directors (the “Committee”) after assessing the Company’s performance against FY20 revenue and non-GAAP gross margin targets. 

The Performance Measurement for the Performance Period will be determined by averaging the Performance Measurement levels associated with actual revenue and non-GAAP gross margin results for the Performance Period, rounded to the nearest whole percentage.

Except as provided in the Company's SLT Severance Plan, if such plan is then in effect, and except as provided below with respect to your death or LTD Disability, (i) you must be continuously employed by the Company as the Company's Executive Vice President, Chief Financial Officer through the last day of the Performance Period to 

have a right to payment of your Performance Units, (ii) your Performance Units will not be considered earned until the last day of the Performance Period, and (iii) if you terminate employment with the Company prior to the last day of the Performance Period, with or without cause, you will forfeit your Performance Units. 

After the end of the Performance Period, your actual Performance Measurement will be determined as follows:
		
	Step 1:
	The Committee will, in good faith and in its sole discretion, determine the Company’s actual revenue and non-GAAP gross margin results for the Performance Period (the “Results,” each a “Result”) using competent and reliable information, including but not limited to audited financial statements, if available.  

		
	Step 2:
	The Committee will determine the Performance Measurement for the Performance Period by averaging the Performance Measurement levels that corresponds to each Result, rounded to the nearest whole percentage. However, in the event a Change in Control (as defined in the SLT Severance Plan) occurs during the Performance Period, the percentage for each Result will be no less than 100% paid out as described herein.

Notwithstanding the foregoing, in order to ensure that the Company’s best interests are met, except as specifically provided in the SLT Severance Plan, the Committee in its discretion may decrease or eliminate the amount payable pursuant to your Performance Units at any time prior to payment if it determines in good faith that payment of the full amount otherwise payable pursuant to the Performance Units is not warranted or appropriate; provided, however, so long as you are not in breach of your Confidential Information Agreement (as defined in the SLT Severance Plan), following (i) the commencement of a tender offer or the Company and another party entering into a written agreement that contemplates a transaction, the consummation of either of which would result in a Change in Control, or (ii) a Change in Control, the Committee may not decrease or eliminate the amount payable as otherwise determined in accordance with this Notice of Grant without your prior written consent, except that this restriction shall cease to apply if the tender offer or the written agreement is terminated or expires without the occurrence of a Change in Control. 

In connection with the Committee’s determination of the annual revenue and non-GAAP gross margin results for the Performance Period, the Committee shall (without limiting its authority to apply negative discretion as provided above) make adjustments that eliminate the effect of any changes or events (each a “Change”) that occur during such Performance Period and that were not fully anticipated and/or accurately incorporated into the financial calculations when the performance targets were determined, where (a) making the adjustment will improve performance results, and (b) the Change has a material effect on results under a performance target (determined consistently with past practice), and (c) the Change comes within one or more of the following categories (determined consistently with past practice, to the extent applicable): (1) changes in corporate or capital structure, including but not limited to debt or equity offerings, mergers, acquisitions or divestitures; or (2) other unusual or nonrecurring events. 

If prior to settlement of your Performance Units, the Company terminates your employment on account of your LTD Disability or you die, you or your beneficiary will receive payment under your Performance Units as otherwise determined in accordance with this Notice of Grant as if you had remained employed through the payment date for your Performance Units. However, in such event your Base Salary will be proportionally reduced based on the number of calendar days you were employed by the Company and not otherwise on leave of absence as provided above during the Performance Period. 

If there is a Change in Control and you remain continuously employed by the Company through the end of the Performance Period, but your employment terminates In Connection with a Change in Control upon or after the end of the Performance Period but prior to the payment date under your Performance Units, you will be entitled to payment under your Performance Units as otherwise determined in accordance with this Notice of Grant. However, if there is a Change in Control and your employment terminates prior to the end of the Performance Period, you will not be entitled hereunder to a payment under your Performance Units. “In Connection with a Change of Control” will have the same meaning as in the SLT Severance Plan. 

In general, payment under your Performance Units will be made as soon as practicable after the end of the Performance Period and, in any event, will be made no later than (i) the end of the second fiscal quarter following 

the end of the Performance Period or, if earlier, (ii) the 15th day of the third month after the later of the end of the Company's tax year in which the Performance Period ends or the end of your tax year in which the Performance Period ends. However, if payment becomes due under your Performance Units on account of your death or LTD Disability, payment will be made no later than the 15th day of the third month after the later of the end of the Company’s tax year in which your death or LTD Disability, as applicable, occurs or the end of your tax year in which your death or termination of your employment on account of LTD Disability, as applicable, occurs. Alternatively, in the event a Change in Control occurs prior to the payment date of your Performance Units, any payment that becomes due under your Performance Units will be made no later than the 15th day of the third month after the later of the end of the Company’s tax year in which the Change of Control occurs or the end of your tax year in which the Change of Control occurs. 

This award is intended to fulfill any and all agreements, obligations or promises, whether legally binding or not, previously made by the Company or any Employer under the Plan to grant you Performance Units or to provide you annual incentive compensation for the Performance Period. By signing below, you accept such award, along with all prior awards received by you, in full satisfaction of any such agreement, obligation or promise. By signing below, you expressly acknowledge that you are not a participant in or entitled to a payment under the Management Incentive Compensation Plan. 

Nothing in this Notice of Grant or the Master Performance Unit Award Agreement is intended to modify or amend the terms of the SLT Severance Plan, including but not limited to your right to receive the payment specified in Sections 4.1 and 4.2 thereof in accordance with the terms and conditions of the SLT Severance Plan.

Date:  August 26, 2019
	
							
	For Cree, Inc.
	 
	Accepted and agreed to:

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	By:
	 
	/s/ Gregg Lowe
	 
	By:
	 
	/s/ Neill Reynolds

	 
	 
	Gregg Lowe
	 
	 
	 
	Neill Reynolds

	 
	 
	President and Chief Executive OfficerExhibit

Exhibit 10.1

AMENDMENT NO. 8 TO  
AMENDED AND RESTATED CREDIT AGREEMENT
This Amendment No. 8 to Amended and Restated Credit Agreement (this “Agreement”) dated as of August 28, 2019 (the “Effective Date”), is among Extraction Oil & Gas, Inc., a Delaware corporation (the “Borrower”), 7N, LLC, a Delaware limited liability company (“7N”), 8 North, LLC, a Delaware limited liability company (“8 North”), Axis Exploration, LLC, a Delaware limited liability company (“Axis”), Extraction Finance Corp., a Delaware corporation (“Finance Corp.”), Mountaintop Minerals, LLC, a Delaware limited liability company (“MTM”), Table Mountain Resources, LLC, a Delaware limited liability company (“TMR”), XOG Services, Inc., a Colorado corporation (“XOG Inc.”), XOG Services, LLC, a Delaware limited liability company (“XOG LLC”), XTR Midstream, LLC, a Delaware limited liability company (together with 7N, 8 North, Axis, Finance Corp., MTM, TMR, XOG Inc., and XOG LLC, collectively, the “Guarantors”), the undersigned Lenders (as defined below), and Wells Fargo Bank, National Association, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”) and as Issuing Lender (the “Issuing Lender”).
INTRODUCTION
A.The Borrower, the financial institutions party thereto as Lenders (the “Lenders”), the Issuing Lender, and the Administrative Agent have entered into the Amended and Restated Credit Agreement dated as of August 16, 2017, as amended by that certain Increase Agreement, Joinder and Amendment No. 1 to Amended and Restated Credit Agreement dated as of October 11, 2017, the Master Assignment, Increase Agreement and Amendment No. 2 to Amended and Restated Credit Agreement dated as of January 5, 2018, the Consent Agreement and Amendment No. 3 to Amended and Restated Credit Agreement dated as of February 27, 2018, the Amendment No. 4 to Amended and Restated Credit Agreement dated as of May 23, 2018, the Consent and Amendment No. 5 to Amended and Restated Credit Agreement dated as of October 2, 2018, the Amendment No. 6 to Amended and Restated Credit Agreement dated as of January 8, 2019 and the Master Assignment and Amendment No. 7 to Amended and Restated Credit Agreement dated as of June 27, 2019 (as so amended and modified and as may be otherwise amended, restated or modified from time to time, the “Credit Agreement”).
B.    The Guarantors have entered into the Amended and Restated Guaranty Agreement dated as of August 16, 2017 (the “Guaranty”) in favor of the Administrative Agent for the benefit of the Secured Parties (as defined in the Credit Agreement). 
C.    Subject to the terms and conditions of this Agreement, the Administrative Agent and the undersigned Lenders agree to increase the Maximum Cap to $1,000,000,000.
D.    The Borrower has requested that the Lenders and the Administrative Agent, subject to the terms and conditions hereof, amend the Credit Agreement as set forth herein.

THEREFORE, in fulfillment of the foregoing, the Borrower, the Guarantors, the Administrative Agent, the Issuing Lender, and the undersigned Lenders hereby agree as follows:
Section 1.    Definitions; References.  Unless otherwise defined in this Agreement, each term used in this Agreement which is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. 
Section 2.    Agreement –Increase in Maximum Cap.  Subject to the terms of this Agreement, as of the Effective Date, the Maximum Cap shall be increased by $100,000,000, resulting in a new Maximum Cap equal to $1,000,000,000.  Each Lender's Pro Rata Share of the Borrowing Base, after giving effect to the increase in the Maximum Cap set forth in this Section 2 and any deemed assignment necessary to effectuate such increase in accordance with Section 2.2(f) of the Credit Agreement, is set forth next to its name in Schedule II attached hereto.  Each Lender's Pro Rata Share of the Maximum Cap, after giving effect to the increase set forth in this Section 2 and any deemed assignment necessary to effectuate such increase in accordance with Section 2.2(f) of the Credit Agreement, is set forth next to its name in Schedule II attached hereto.  This Agreement is hereby deemed to satisfy the requirements to increase the Maximum Cap as set forth in Section 2.2(f) of the Credit Agreement.
Section 3.    Amendments to Credit Agreement.  Upon the satisfaction of the conditions specified in Section 7 of this Agreement, and effective as of the Effective Date, the Credit Agreement is amended as follows:
(a)    Section 1.1 of the Credit Agreement (Certain Defined Terms) is amended to add the following defined terms thereto in alphabetical order:
“Amendment No. 8 Effective Date” means August 28, 2019.
(b)    Section 1.1 of the Credit Agreement (Certain Defined Terms) is further amended as follows:
(1)    the defined term “Fee Letter” is deleted in its entirety and replaced with the following:
“Fee Letter” means, collectively, (a) that certain Engagement Letter dated as of June 30, 2017, among the Borrower, Wells Fargo and Arranger, (b) that certain borrowing base increase fee letter dated as of October 11, 2017, among the Borrower, Wells Fargo and Arranger, (c) that certain borrowing base increase fee letter dated as of January 5, 2018, among the Borrower, Wells Fargo and Arranger, (d) that certain fee letter dated as of June 27, 2019, among the Borrower, Wells Fargo and Arranger and (e) that certain fee letter dated as of August 28, 2019 among the Borrower, Wells Fargo and Arranger.
(2)    the defined term “Maximum Cap” is deleted in its entirety and replaced with the following:

-2-

“Maximum Cap” means, as of the Amendment No. 8 Effective Date, $1,000,000,000, as such amount is increased from time to time in accordance with Section 2.2(f); provided, however, that the Maximum Cap shall never exceed the Borrowing Base. Any increase in the Maximum Cap other than one contemplated under Section 2.2(f) will require the approval of each Lender, the Borrower and the Administrative Agent.
(c)    Schedule I of the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule I hereto.
Section 4.    Reaffirmation of Liens.  
(a)    Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower's and Guarantors’ obligations under the Loan Documents, (ii) represents and warrants that it has no defenses to the enforcement of the Security Documents and that, notwithstanding the effectiveness of this Agreement or the amendments set forth herein, according to their terms the Security Documents are and shall continue in full force and effect to secure the Borrower’s and Guarantors’ obligations under the Loan Documents, as such obligations may have been amended by this Agreement and as the same may be further amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations. 
(b)    The delivery of this Agreement does not indicate or establish a requirement that any Loan Document requires any Guarantor's approval of amendments to the Credit Agreement.
Section 5.    Reaffirmation of Guaranty.  Each Guarantor hereby ratifies, confirms, and acknowledges that, notwithstanding the effectiveness of this Agreement or the amendments set forth herein, its obligations under the Guaranty and the other Loan Documents are and shall continue in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, of all of the Guaranteed Obligations (as defined in the Guaranty), as such Guaranteed Obligations may have been amended by this Agreement as the same may be further amended, supplemented, or otherwise modified.  Each Guarantor hereby acknowledges that its execution and delivery of this Agreement do not indicate or establish an approval or consent requirement by such Guarantor under the Credit Agreement in connection with the execution and delivery of amendments, modifications or waivers to the Credit Agreement, the Notes or any of the other Loan Documents.
Section 6.    Representations and Warranties.  Each of the Borrower and each Guarantor represents and warrants to the Administrative Agent and the Lenders that:
(a)    the representations and warranties set forth in the Credit Agreement and in the other Loan Documents are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of the date of this Agreement, except that any representation and warranty which by its terms is made as of a specified date shall be required to 

-3-

be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) only as of such specified date.
(b)    (i) the execution, delivery, and performance of this Agreement are within the corporate, limited partnership or limited liability company power, as appropriate, and authority of the Borrower and Guarantors and have been duly authorized by appropriate proceedings and (ii) this Agreement constitutes a legal, valid, and binding obligation of the Borrower and Guarantors, enforceable against the Borrower and Guarantors in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally and general principles of equity whether applied by a court of law or equity; and
(c)    as of the effectiveness of this Agreement and after giving effect thereto, no Default or Event of Default has occurred and is continuing.
Section 7.    Effectiveness.  This Agreement shall become effective as of the date hereof upon the occurrence of all of the following: 
(a)    Documentation. The Administrative Agent shall have received: 
(1)    this Agreement, duly and validly executed by the Borrower, the Guarantors, the Administrative Agent, the Issuing Bank, and the Majority Lenders, including each Lender that is accepting a portion of the increase in the Maximum Cap described in Section 2 of this Agreement, in form and substance reasonably satisfactory to the Administrative Agent and each of the undersigned Lenders; and
(2)    the Fee Letter dated as of the Effective Date, duly and validly executed by the Borrower, the Administrative Agent and Wells Fargo Securities, LLC.
(b)    Representations and Warranties.  The representations and warranties in this Agreement being true and correct in all material respects before and after giving effect to this Agreement (except to the extent such representations and warranties relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); provided that such materiality qualifier shall not apply if such representation or warranty is already subject to a materiality qualifier in the Credit Agreement or such other Loan Document.
(c)    No Default or Event of Default. There being no Default or Event of Default which has occurred and is continuing.
(d)    Expenses.  The Borrower shall have paid (1) all costs, expenses, and fees which have been invoiced and are payable pursuant to Section 9.1 of the Credit Agreement or any other agreement and (2) all fees required under the Fee Letter (as such term is amended hereby).

-4-

Section 8.    Effect on Loan Documents.  Except as amended herein, the Credit Agreement and the Loan Documents remain in full force and effect and are hereby ratified and confirmed, and nothing herein shall act as a waiver of any of the Administrative Agent's or Lenders' rights under the Loan Documents.  This Agreement is a Loan Document for the purposes of the provisions of the other Loan Documents.  Without limiting the foregoing, any breach of representations, warranties, and covenants under this Agreement is a Default or Event of Default under other Loan Documents.
Section 9.    Choice of Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York without regard to conflicts of laws principles (other than Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York).
Section 10.    Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original.
THIS WRITTEN AGREEMENT AND THE LOAN DOCUMENTS, AS DEFINED IN THE CREDIT AGREEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
[Remainder of page intentionally left blank; Signature pages follow.]

-5-

EXECUTED as of the date first set forth above.
BORROWER:
EXTRACTION OIL & GAS, INC.

By: /s/ Russell T. Kelley, Jr.
Name:     Russell T. Kelley, Jr.
Title:     Chief Financial Officer

GUARANTORS:
7N, LLC
8 NORTH, LLC
AXIS EXPLORATION, LLC
EXTRACTION FINANCE CORP.
MOUNTAINTOP MINERALS, LLC
XOG SERVICES, INC.
XOG SERVICES, LLC
XTR MIDSTREAM, LLC
TABLE MOUNTAIN RESOURCES, LLC

Each By: /s/ Russell T. Kelley, Jr.
Name:       Russell T. Kelley, Jr.
Title:       Chief Financial Officer

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

ADMINISTRATIVE AGENT/ISSUING LENDER/LENDER:
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent, Issuing Lender, and a Lender

By:_/s/ Joseph T. Rottinghaus________________
Name: Joseph T. Rottinghaus
Title:   Director

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

LENDERS:
BARCLAYS BANK PLC,
as a Lender 

By:_/s/ Sydney G. Dennis____________________
Name: Sydney G. Dennis
Title:   Director

    
    

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

CREDIT SUISSE AG, 
CAYMAN ISLANDS BRANCH,
as a Lender 

By:_/s/ Nupur Kumar________________________
Name: Nupur Kamar
Title:   Authorized Signatory

By:_/s/ Christopher Zybrick___________________
Name: Christopher Zybrick
Title:   Authorized Signatory

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

SUNTRUST BANK,
as a Lender 

By:_/s/ Arize Agumadu______________________
Name: Arize Agumadu
Title:   Vice President

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

ABN AMRO CAPITAL USA LLC,
as a Lender 

By:_/s/ Darrell Holley    ____________
Name: Darrell Holley
Title:   Managing Director

By:_/s/ Michaela Braun______________________
Name: Michaela Braun
Title:   Executive Director

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

KEYBANK NATIONAL ASSOCIATION,
as a Lender

By:_/s/ George E. McKean____________________
Name: George E. McKean
Title:   Senior Vice President

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

CITIBANK, N.A.,
as a Lender 

By:_/s/ Cliff Vaz____________________________
Name: Cliff Vaz
Title:   Vice President

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

GOLDMAN SACHS BANK USA,
as a Lender 

By:_/s/ Annie Carr__________________________
Name: Annie Carr
Title:   Authorized Signatory

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

ROYAL BANK OF CANADA,
as a Lender 

By:_/s/ Katy Berkemeyer_____________________
Name: Katy Berkemeyer
Title:   Authorized Signatory

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

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

By:_/s/ Ronald E. McKaig____________________
Name: Ronald E. McKaig
Title:   Managing Director

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

MERCURIA EASTERN US HOLDINGS LLC,
as a Lender 

By:_/s/ Marty Bredehoft______________________
Name: Marty Bredehoft
Title:   Treasurer

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

THE HUNTINGTON NATIONAL BANK, 
as a Lender 

By:_/s/ Jason A. Zilewicz_____________________
Name: Jason A. Zilewicz
Title:   Director

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

PNC BANK, NATIONAL ASSOCIATION, 
as a Lender 

By:_/s/ Daniel Winters_______________________
Name: Daniel Winters
Title:   Vice President

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

BMO Harris Bank N.A., 
as a Lender 

By:_/s/ Matthew Davis_______________________
Name: Matthew Davis
Title:   Director

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

Natixis, New York Branch, 
as a Lender 

By:_/s/ Jarrett C. Price_______________________
Name: Jarrett C. Price
Title:   Director

By:_/s/ Vikram Nath_______________________
Name: Vikram Nath
Title:   Director

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

Iberiabank, 
as a Lender

By:_/s/ Stacy Goldstein______________________
Name: Stacy Goldstein
Title:   SVP & Relationship Manager, Energy Lending

[SIGNATURE PAGE TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

SCHEDULE I
Commitments, Contact Information
	
		
	ADMINISTRATIVE AGENT/ ISSUING LENDER

	Wells Fargo Bank, National Association
	Address:    1700 Lincoln St., 6th Floor
      Denver, CO 80203
Attn:       Joe Rottinghaus
Telephone:   303-863-5367
Facsimile:   303-863-5196

	LOAN PARTIES

	Borrower/Guarantors
	Address:   370 17th Street, Suite 5300 
      Denver, CO 80202
Attn:       Mr. Rusty Kelley
Telephone:   720-557-8302
Facsimile:   720-557-8301
Email:     rtkelley@extractionog.com
Website:   www.extractionog.com

[Schedule I continues on the following page]

[SCHEDULE I TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

	
				
	Lender
	Commitment

	Wells Fargo Bank, National Association
	

	$142,500,000.00
	

	Barclays Bank PLC
	

	$113,250,000.00
	

	Credit Suisse AG, Cayman Islands Branch
	

	$113,250,000.00
	

	SunTrust Bank
	

	$113,250,000.00
	

	ABN AMRO Capital USA LLC
	

	$113,250,000.00
	

	KeyBank National Association
	

	$113,250,000.00
	

	Citibank, N.A.
	

	$99,000,000.00
	

	Goldman Sachs Bank USA
	

	$67,500,000.00
	

	Royal Bank of Canada
	

	$99,000,000.00
	

	Bank of America, N.A.
	

	$75,000,000.00
	

	Mercuria Eastern US Holdings LLC
	

	$9,000,000.00
	

	The Huntington National Bank
	

	$75,000,000.00
	

	PNC Bank, National Association
	

	$113,250,000.00
	

	BMO Harris Bank N.A.
	

	$113,250,000.00
	

	Natixis, New York Branch
	

	$99,000,000.00
	

	Iberiabank
	

	$41,250,000.00
	

	Total:
	

	$1,500,000,000.00
	

SCHEDULE II
MAXIMUM CAP AND BORROWING BASE
	
							
	Lender
	Pro Rata Share of Maximum Cap*
	Pro Rata Share of Borrowing Base**

	Wells Fargo Bank, National Association
	

	$95,000,000.00
	

	

	$104,500,000.00
	

	Barclays Bank PLC
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	Credit Suisse AG, Cayman Islands Branch
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	SunTrust Bank
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	ABN AMRO Capital USA LLC
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	KeyBank National Association
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	Citibank, N.A.
	

	$66,000,000.00
	

	

	$72,600,000.00
	

	Goldman Sachs Bank USA
	

	$45,000,000.00
	

	

	$49,500,000.00
	

	Royal Bank of Canada
	

	$66,000,000.00
	

	

	$72,600,000.00
	

	Bank of America, N.A.
	

	$50,000,000.00
	

	

	$55,000,000.00
	

	Mercuria Eastern US Holdings LLC
	

	$6,000,000.00
	

	

	$6,600,000.00
	

	The Huntington National Bank
	

	$50,000,000.00
	

	

	$55,000,000.00
	

	PNC Bank, National Association
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	BMO Harris Bank N.A.
	

	$75,500,000.00
	

	

	$83,050,000.00
	

	Natixis, New York Branch
	

	$66,000,000.00
	

	

	$72,600,000.00
	

	Iberiabank
	

	$27,500,000.00
	

	

	$30,250,000.00
	

	Total:
	

	$1,000,000,000.00
	

	

	$1,100,000,000.00
	

* Maximum Cap in effect as of August 28, 2019.  Maximum Cap is subject to redetermination pursuant to the terms of this Agreement and the Credit Agreement.

** Borrowing Base in effect as of June 27, 2019.  Borrowing Base is subject to redetermination pursuant to the terms of the Credit Agreement.

[SCHEDULE I TO AMENDMENT NO. 8 TO 
AMENDED AND RESTATED CREDIT AGREEMENT – EXTRACTION]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}]]