Document:

exv10w6

Exhibit
10.6

STOCK PURCHASE AGREEMENT

     STOCK
PURCHASE AGREEMENT (this “Agreement”) made as of
this 22nd day of September,
2009 between Hicks Acquisition Company I, Inc., a Delaware corporation (“Buyer” or “HACI”) and the
signatory on the execution page hereof (“Seller”).

     WHEREAS, Buyer was organized for the purpose of acquiring, through a merger, capital stock
exchange, asset acquisition or other similar business combination, an operating business
(“Business Combination”); and

     WHEREAS, Buyer consummated an initial public offering in October, 2007 (“IPO”) in connection
with which it raised net proceeds of approximately $529.1 million, a significant portion of which
was placed in a trust account pending the consummation of a Business Combination, or the
dissolution and liquidation of Buyer in the event it is unable to consummate a Business Combination
on or prior to September 28, 2009 (or October 5, 2009 in the event that the Acquisition is approved
by Buyer stockholders); and

     WHEREAS, Buyer has entered into that certain Purchase and IPO Reorganization Agreement dated
as of August 2, 2009, by and among HACI, Resolute Energy Corporation, a Delaware corporation (the
“REC”), Resolute Subsidiary Corporation, a Delaware corporation, Resolute Aneth, LLC, a Delaware
limited liability company, Resolute Holdings, LLC, a Delaware limited liability company, Resolute
Holdings Sub, LLC, a Delaware limited liability company (“Holdings Sub”), and HH-HACI, L.P., a
Delaware limited partnership (collectively, the “Acquisition”), pursuant to which, through a
series of transactions, HACI stockholders will acquire a majority of the outstanding common stock
of REC, par value $0.0001 per share, (the “REC Common Stock”), and REC will acquire HACI and the
business and operations of Holdings Sub; and

     WHEREAS, the approval of the Acquisition is contingent upon, among other things, the
affirmative vote of holders of a majority of the outstanding common shares of HACI at the special
meeting called to approve the Acquisition; and

     WHEREAS, pursuant to certain provisions in Buyer’s certificate of incorporation, a holder of
shares of Buyer’s common stock issued in the IPO may, if it votes against the Acquisition, demand
that Buyer convert such common shares into cash (“Conversion Rights”); and

     WHEREAS, the Acquisition cannot be consummated if holders of 30% or more of HACI common stock
issued in the IPO exercise their Conversion Rights; and

     WHEREAS, Seller has agreed to sell to Buyer and Buyer has agreed to purchase from Seller the
common shares set forth on the execution page of this Agreement (“Shares”) for the purchase price
per share set forth therein (“Purchase Price Per Share”) and for the aggregate purchase price set
forth therein (“Aggregate Purchase Price”).

     NOW,
THEREFORE, in consideration of the mutual covenants hereinafter set forth and other good
and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereby
agree as follows:

     1. Purchase. Subject to Section 7, Seller hereby sells to Buyer and Buyer
hereby purchases
from Seller at the Closing (as defined in Section 4(c))
the Shares at the Purchase Price
Per Share, for the Aggregate Purchase Price.

1

 

     2. Agreement
not to Convert; Appointment of Proxy and Attorney-in-Fact. In further
consideration of the Aggregate Purchase Price, Seller hereby agrees it has not and will not
exercise its Conversion Rights or, if it has already exercised its Conversion Rights, it hereby
withdraws and revokes such exercise and will execute all necessary documents and take all actions
required in furtherance of such revocation. Seller acknowledges that the record date to vote on the
proposals set forth in the proxy statement/prospectus (the
“Proxy Statement”) filed by Buyer with
the U.S. Securities Exchange Commission (the “SEC”) has passed. Accordingly, solely with respect to
the vote for the Acquisition and the other proposals set forth in the Proxy Statement, Seller
hereby agrees to upon request of Buyer vote in favor of the Acquisition and such other proposals
and appoints Joseph B. Armes and Robert M. Swartz and each of them each with full power of
substitution, as his proxy and attorney-in-fact, to the full extent of Seller’s rights with respect
to the Shares (and any and all other shares or securities or rights issued or issuable in respect
thereof) to vote in such manner as each such person or his substitute shall in his sole discretion
deem proper, and to otherwise act (including without limitation acting by written consent) with
respect to all the Shares at any meeting of stockholders (whether annual or special and whether or
not an adjourned meeting) of Buyer held on or prior to September 28, 2009. This proxy is coupled
with an interest and is irrevocable. Execution by Seller of this Agreement shall revoke, without
further action, all prior proxies granted by Seller at any time with respect to the Shares (and
such other shares or other securities) and no subsequent proxies will be given by Seller (and if
given will be deemed not to be effective). This Section 2 shall be governed by the laws of
the State of Delaware.

     3. No Right to Additional Shares. HACI’s stockholders of record are entitled to
receive one share of REC Common Stock for each share of HACI common stock owned immediately prior
to the consummation of the Acquisition (the “Exchange”). Although Seller will be a stockholder of
record immediately prior to the Acquisition, Seller hereby acknowledges that Seller irrevocably
waives any right, title or interest it may have in receiving any such REC Common Stock distributed
pursuant to the Exchange. Seller hereby acknowledges that by virtue of the sale hereunder, Seller
will not become a stockholder of REC, and the Shares shall automatically be cancelled and shall
cease to exist and shall represent only the right to receive the Aggregate Purchase Price there
for in accordance with the terms of this Agreement. Additionally, each of Buyer and Seller hereby
agree and acknowledge that this provision is material to this Agreement and a significant
consideration in Buyer’s willingness to enter into this Agreement.

     4. Closing Matters.

          (a) Within one business day of the date of this Agreement, (i) Seller shall provide Buyer
with a true and correct copy of the voting instruction form with respect to the Shares held by
Seller indicating the financial institution through which such shares are held and the control
number provided by Broadridge Financial Solutions (or other similar service provider) regarding
the voting of the Shares or written confirmation of such information as would appear on the voting
instruction form; and (ii) Buyer shall send the notice attached as Annex 1 hereto to HACI’s
transfer agent.

          (b) Prior to the Closing, Seller shall deliver or cause to be delivered to Buyer appropriate
instructions for book entry transfers of ownership of the Shares from Seller to Buyer.

          (c) The
closing of the purchase and sale of the Shares (“Closing”) will occur on the date on
which Buyer’s trust account is liquidated after the Acquisition
is consummated (the “Closing Date”). At the Closing, Buyer shall pay Seller the Aggregate Purchase Price by wire transfer from
HACI’s trust account of immediately available funds to an account specified by Seller and Seller
against delivery of the Shares shall deliver the Shares to Buyer electronically using the
Depository Trust Company’s DWAC (Deposit/Withdrawal at Custodian) System to an account specified
by Buyer. It shall be a condition to the obligation of Buyer on the one hand and Seller on the
other hand, to consummate the

2

 

transfer
of the Shares contemplated hereunder that the other party’s representations and
warranties are true and correct on the Closing Date with the same effect as though made on such
date, unless waived in writing by the party to whom such representations and warranties are made.

     5. Representations and Warranties of the Seller. Seller hereby represents and
warrants to
Buyer on the date hereof and on the Closing that:

          (a) Sophisticated Seller. Seller is sophisticated in financial matters and is able to
evaluate the risks and benefits attendant to the sale of Shares to Buyer.

          (b) Independent Investigation. Seller, in making the decision to sell the Shares to
Buyer, has not relied upon any oral or written representations or assurances from Buyer or any of
its officers, directors or employees or any other representatives or agents of Buyer. Seller has
had access to all of the filings made by HACI and REC with the SEC, pursuant to the Securities
Exchange Act of 1934 (the “Exchange Act”) and the Securities Act of 1933 in each case to the
extent available publicly via the SEC’s Electronic Data Gathering, Analysis and Retrieval system.

          (c) Authority. This Agreement has been validly authorized, executed and delivered by
Seller and, assuming the due authorization, execution and delivery thereof by Buyer, is a valid and
binding agreement enforceable in accordance with its terms, subject to the general principles of
equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally.
The execution, delivery and performance of this Agreement by Seller does not and will not conflict
with, violate or cause a breach of, constitute a default under, or
result in a violation of (i) any
agreement, contract or instrument to which Seller is a party which would prevent Seller from
performing its obligations hereunder or (ii) any law, statute, rule or regulation to which Seller
is subject.

          (d) No Legal Advice from Buyer. Seller acknowledges that it has had the opportunity
to review this Agreement and the transactions contemplated by this Agreement with Seller’s own
legal counsel and investment and tax advisors. Seller is not relying on any statements or
representations of Buyer or any of its representatives or agents for legal, tax or investment
advice with respect to this Agreement or the transactions contemplated by the Agreement.

          (e) Ownership of Shares. Seller is the legal and beneficial owner of the Shares and
will transfer to Buyer on the Closing Date good and marketable title to the Shares free and clear
of any liens, claims, security interests, options, charges or any other encumbrance whatsoever.
The Seller beneficially owned all of the Shares as of the close of the trading day on August 31,
2009 and has the sole right to exercise conversion rights with respect to all of the Shares.

          (f) Number of Shares. The Shares being transferred pursuant to this Agreement
represent all the common stock owned by Seller as of the date hereof.

          (g) Seller Taxes. Seller understands that Seller (and not the Buyer) shall be
responsible for any and all tax liabilities of Seller that may arise as a result of the
transactions contemplated by this Agreement.

          (h) Aggregate Purchase Price Negotiated. Seller represents that both the amount of
Shares and the Aggregate Purchase Price were negotiated figures by the parties and that the terms
and conditions by the parties of this Agreement may differ from arrangements entered into with
other holders of Buyer’s common stock.

3

 

     6. Representations and Warranties of Buyer. Buyer hereby represents to the Seller
that:

          (a) Sophisticated Buyer. Buyer is sophisticated in financial matters and is able to
evaluate the risks and benefits attendant to the purchase of Shares from Seller.

          (b) Independent Investigation. Buyer, in making the decision to purchase the Shares
from Seller, has not relied upon any oral or written representations or assurances from Seller or
any of its officers, directors, partners or employees or any other representatives or agents of
Seller.

          (c) Authority. This Agreement has been validly authorized, executed and delivered by
Buyer and, assuming the due authorization, execution and delivery thereof by Seller, is a valid and
binding agreement enforceable in accordance with its terms, subject to the general principles of
equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally.
The execution, delivery and performance of this Agreement by Buyer does not and will not conflict
with, violate or cause a breach of, constitute a default under, or result in a violation of (i) any
agreement, contract or instrument to which Buyer is a party which would prevent Buyer from
performing its obligations hereunder or (ii) any law, statute, rule or regulation to which Buyer is
subject.

          (d) No Legal Advice from Seller. Buyer acknowledges that it has had the opportunity
to review this Agreement and the transactions contemplated by this Agreement with Buyer’s own
legal counsel and investment and tax advisors. Buyer is relying solely on such counsel and
advisors and not on any statements or representations of Seller or any of its representatives or
agents for legal, tax or investment advice with respect to this Agreement or the transactions
contemplated by this Agreement.

     7. Termination. Notwithstanding any provision in this Agreement to the contrary, this
Agreement shall become null and void and of no force and effect upon the termination of the
Acquisition. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation
to purchase the Shares from Seller shall be conditioned on the consummation of the Acquisition.

     8. Covenant of Seller. After the execution of this Agreement and prior to Closing,
Seller shall not acquire any common stock, warrants or other securities of HACI or effect any
derivative transactions with respect thereto.

     9. Acknowledgement; Waiver. Seller (i) acknowledges that Buyer may possess or have
access to material non-public information which has not been communicated to Seller; (ii) hereby
waives any and all claims, whether at law, in equity or otherwise, that he, she, or it may now
have or may hereafter acquire, whether presently known or unknown, against Buyer or any of its
officers, directors, employees, agents, affiliates, subsidiaries, successors or assigns relating
to any failure to disclose any non-public information in connection with the transaction
contemplated by this Agreement, including, without limitation, any claims arising under Rule
10-b(5) of the Exchange Act; and (iii) is aware that Buyer is relying on the truth of the
representations set forth in Section 5 of this Agreement and the foregoing acknowledgement
and waiver in clauses (i) and (ii) above, respectively, in connection with the transactions
contemplated by this Agreement.

     10. Counterparts; Facsimile. This Agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same instrument. This Agreement or any counterpart may
be executed via facsimile transmission, and any such executed facsimile copy shall be treated as
an original.

4

 

     11. Governing Law. This Agreement shall for all purposes be deemed to be made under
and shall be construed in accordance with the laws of the State of New York (except to the extent
otherwise provided in Section 2). Each of the parties hereby agrees that any action,
proceeding or claim against it arising out of or relating in any way to this Agreement shall be
brought and enforced in the courts of the State of New York or the United States District Court for
the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive. Each of the parties hereby waives any objection to such exclusive jurisdiction
and that such courts represent an inconvenient forum.

     12. Remedies. Each of the parties hereto acknowledges and agrees that, in the event
of any breach of any covenant or agreement contained in this Agreement by the other party, money
damages may be inadequate with respect to any such breach and the non-breaching party may have no
adequate remedy at law. It is accordingly agreed that each of the parties hereto shall be
entitled, in addition to any other remedy to which they may be entitled at law or in equity, to
seek injunctive relief and/or to compel specific performance to prevent breaches by the other
party hereto of any covenant or agreement of such other party contained in this Agreement.

     13. Binding Effect; Assignment. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective legal representatives, successors and permitted
assigns. This Agreement shall not be assigned by either party without the prior written consent of
the other party hereto.

     14. Headings. The descriptive headings of the Sections hereof are inserted for
convenience only and do not constitute a part of this Agreement.

     15. Entire Agreement; Changes in Writing. This Agreement constitutes the entire
agreement among the parties hereto and supersedes and cancels any prior agreements,
representations and warranties, whether oral or written, among the parties hereto relating to the
transaction contemplated hereby. Neither this Agreement nor any provision hereof may be changed or
amended orally, but only by an agreement in writing signed by the other party hereto.

     16. Trust Waiver. HACI’s initial public offering was consummated on October 3, 2007
as a result of which it received net proceeds of $529.1 million which are held in a trust fund
established by HACI for the benefit of its public stockholders (the
“Trust Fund”).  The Trust Fund
is invested in U.S. Treasury Bills with a maturity with a maturity of 180 days or less in a trust
account at JPMorgan Chase Bank, N.A. and held in trust by Continental Stock Transfer & Trust
Company (the “Trustee”) pursuant to the Investment Management Trust Agreement, dated as of
September 27, 2007, between HACI and Trustee. Seller understands that, except for a portion of the
interest earned on the amounts held in the Trust Fund, HACI may
disburse monies from the Trust Fund
only: (i) to HACI in limited amounts from time to time (and in no event more than $6,555,000 in
total) in order to permit HACI to pay its operating expenses; (ii) if HACI completes an initial
business combination, to certain dissenting public stockholders, to the underwriters in the amount
of underwriting discounts and commissions they earned in HACI’s initial public offering but whose
payment they have deferred, and then to HACI; and (iii) if HACI fails to complete an initial
business combination within the allotted time period and liquidates, subject to the terms of the
agreement governing the Trust Fund, to HACI’s public stockholders (as such term is defined in the
agreement governing the Trust Fund). Seller agrees that, notwithstanding any other provision
contained in this Agreement, it does not now have, and shall not at any time prior to the
consummation of the Acquisition have any claim to, or make any claim against, the Trust Fund
arising out of or in connection with this Agreement or the Acquisition, regardless of whether such
claim arises based on contract, tort, equity or any other theory of legal liability (any and all
such claims are collectively referred to in this
Section 16 as the “Claims”).  Seller
hereby irrevocably waives any Claim it may have, now or in the future arising under this Agreement
or otherwise, and will not seek recourse

5

 

against, the Trust Fund for any reason whatsoever in respect thereof other than any amount
constituting the Aggregate Purchase Price that is payable in accordance with the terms of this
Agreement. This waiver is intended and shall be deemed and construed to be irrevocable and absolute
on the part of Seller, and shall be binding on its subsidiaries, affiliated entities, directors,
officers, employees, stockholders, representatives, advisors, all other associates and affiliates,
and its and their respective heirs, successors and assigns, as the case may be. Seller acknowledges
that it benefits from this Agreement and that HACI is entering into this Agreement upon reliance on
this Section 16. Other than with respect to an action for the recovery of the Aggregate
Purchase Price to be paid to Seller in connection with this Agreement; in the event Seller
commences any other action or proceeding based upon, in connection with, relating to or arising out
of any matter relating to HACI, which proceeding seeks, in whole or in part, relief against the
Trust Fund or the public stockholders of HACI, whether in the form of money damages or injunctive
relief, HACI shall be entitled to recover from Seller the associated legal fees and costs in
connection with any such action.

     17. Seller W-9. Seller agrees to provide to Buyer an Internal Revenue Service
Request for Taxpayer Identification Number and Certification Form W-9.

[Signature Page Follows]

6

 

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date set forth on
the first page of this Agreement.

	 	 	 	 	 
	 	HICKS ACQUISITION COMPANY I, INC.

 	 
	 	By:  	/s/
Joseph B. Armes	 
	 	Name:  	Joseph B. Armes	 
	 	Title:  	CEO	 
	 

	 	 	 	 	 
	 	WESTCHESTER CAPITAL MANAGEMENT, INC.

 	 
	 	By:  	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 
	Purchase Price Per Share:

	 	$9.77 (subject to adjustment at Closing so that such amount will be an
amount per share equal to the amount per share converting
stockholders receive pursuant to Section 9.3 of Buyer’s amended and
restated certificate of incorporation)
	 
	 	 
	Number of Shares:

	 	897,600 

Signature Page to
 Stock
Purchase Agreement

 

 

Annex 1

HICKS ACQUISITION COMPANY I, INC.

100 CRESCENT COURT, SUITE 1200

DALLAS, TEXAS 75201

September
22, 2009

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven Nelson

          Re:      Hicks Acquisition Company I, Inc. Trust Account No. 530-065681

Gentlemen:

     Hicks
Acquisition Company I, Inc. (the “Company”) is providing these irrevocable instructions
to you in connection with the above described Trust Account established in connection with and
pursuant to an Investment Management Trust Agreement, dated as of September 27, 2007 between the
Company and Continental Stock Transfer & Trust Company as
Trustee (the “Trust Agreement”).Upper
case terms used herein shall have the meanings ascribed to such terms
in the Trust Agreement.

     In
the event (i) the Company delivers to you a Termination Letter substantially in the form
of Exhibit A to the Trust Agreement and (ii) the Consummation Date (as defined in such Exhibit A)
occurs, in addition to the other documents required to be delivered pursuant to Exhibit A of the
Trust Agreement, assuming you are the Trustee on such date, then, in consideration for the
electronic transfer of 897,600 shares of the Company’s common stock, using the Depository Trust
Company’s DWAC (Deposit/Withdrawal at Custodian) System, to an account specified by the Company, on
the Consummation Date you are irrevocably instructed to deliver as the initial distribution of
funds the sum of $8,769,552, which must be delivered in accordance with the bank wire instructions
provided to you below:

1

 

Annex 1

     The address for Westchester Capital Management, Inc. is 100 Summit Lake Drive, Valhalla, NY
10595. The contact person for Westchester Capital Management, Inc. is Roy Behren. He can be
reached at (914) 741-5600.

     Kindly acknowledge where indicated below, your receipt and understanding of these instructions
and return a copy to Akin Gump Strauss Hauer & Feld LLP, attention: James A. Deeken, facsimile
number (214) 969-4343.

     A facsimile signed and electronically delivered copy of this letter shall be deemed an
original.

	 	 	 	 	 
	 	Very truly yours,

HICKS ACQUISITION COMPANY I, INC.

 	 
	 	By:  	/s/
Joseph B. Armes	 
	 	Name:  	Joseph B. Armes	 
	 	Title:  	CEO	 
	 

Acknowledged and Agreed:

	 	 	 	 
	CONTINENTAL STOCK TRANSFER & TRUST

COMPANY

 	 
	By:  	/s/
Steven Nelson	 
	Name:  	Steven Nelson	 
	Title:  	Chairman, President, Secretary	 
	 
	WESTCHESTER CAPITAL MANAGEMENT, INC.

 	 
	By:  	
 	 
	Name:  	 	 
	Title:  	 	 
	 

2exv10w11

Exhibit 10.11

Execution
Version

 

SIXTH AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

Dated September 17, 2009

Among

RESOLUTE ANETH, LLC,

as Borrower,

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

WELLS FARGO BANK, NATIONAL ASSOCIATION

and BMO CAPITAL MARKETS FINANCING, INC.,

as Co-Syndication Agents,

DEUTSCHE BANK SECURITIES INC. and FORTIS CAPITAL CORP.,

as Co-Documentation Agents,

and

The Lenders Party Hereto

 

 

 

     THIS SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Sixth
Amendment”), dated as of September 17, 2009, is by and among Resolute Aneth, LLC, a Delaware
limited liability company (the “Borrower”), Resolute Holdings Sub, LLC, a Delaware limited
liability company, and certain of its subsidiaries (collectively, the “Guarantors”),
Wachovia Bank, National Association, as Administrative Agent (the “Administrative Agent”),
Wells Fargo Bank, National Association and BMO Capital Markets Financing, Inc., as Co-Syndication
Agents (the “Co-Syndication Agents”), Deutsche Bank Securities Inc. and Fortis Capital
Corp., as Co-Documentation Agents (the “Co-Documentation Agents”) and the other Lenders
party hereto (the “Lenders”).

Recitals

     WHEREAS, the Borrower, the Guarantors, the Administrative Agent and the other lenders party
thereto entered into that certain Amended and Restated Credit Agreement, dated April 14, 2006, as
amended by that certain First Amendment to Amended and Restated Credit Agreement, dated June 27,
2007, that certain Second Amendment to Amended and Restated Credit Agreement, dated September 12,
2007, that certain Third Amendment to Amended and Restated Credit Agreement dated September 30,
2008, that certain Fourth Amendment to Amended and Restated Credit Agreement dated May 12, 2009,
and that certain Fifth Amendment to Amended and Restated Credit Agreement dated July 28, 2009 (as
the same may be amended, modified, supplemented or restated from time to time, the “Credit
Agreement”);

     WHEREAS, the Borrower has requested that the Administrative Agent and the Majority Lenders
amend the Credit Agreement to permit the merger of an Affiliate of the Borrower with Hicks
Acquisition Company and to make the other modifications specified herein; and

     WHEREAS, subject to the satisfaction of the conditions set forth herein, the Administrative
Agent and the Majority Lenders are willing to amend the Credit Agreement and to take such other
actions as provided herein.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and
in the Credit Agreement, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:

ARTICLE I

Definitions

Each capitalized term used in this Sixth Amendment and not defined herein shall have the meaning
assigned to such term in the Credit Agreement.

ARTICLE II

Amendments

     Section 2.01 Amendments to Section 1.02 of the Credit Agreement.

 

 

          (a) Section 1.02 of the Credit Agreement is hereby amended by adding the following new
definitions in their proper alphabetical order:

     “Hicks Merger” means the transactions described in that certain
Purchase and IPO Reorganization Agreement among Hicks SPAC, Resolute Energy
Corporation and others, dated August 2, 2009, whereby (a) Hicks SPAC and the Loan
Parties (as constituted immediately prior to the Sixth Amendment Effective Date)
other than Resolute Holdings Sub, LLC become direct or indirect wholly-owned
Subsidiaries of Parent and (b) Parent becomes a publicly held corporation.”

     “Hicks SPAC” means Hicks Acquisition Company I, Inc., a Delaware
corporation.

     “Sixth Amendment” means that certain Sixth Amendment to Amended and
Restated Credit Agreement, dated as of September 17, 2009, among the Borrower, the
Administrative Agent and the other Lenders party thereto.”

     “Sixth Amendment Effective Date” means the first Business Day on which
all of the conditions precedent set forth in Article III of the Sixth Amendment
shall have been satisfied.”

     (b) The definition of “Agreement” in Section 1.02 of the Credit Agreement is hereby
amended by deleting it in its entirety and inserting the following in lieu thereof:

     “Agreement” means this Credit Agreement, as amended by the First
Amendment, further amended by the Second Amendment, further amended by the Third
Amendment, further amended by the Fourth Amendment, further amended by the Fifth
Amendment, and further amended by the Sixth Amendment, as the same may from time to
time be amended, modified, supplemented or restated.”

          (c) The definition of “Change in Control” in Section 1.02 of the Credit Agreement is
hereby amended by deleting it in its entirety and inserting the following in lieu thereof:

     “Change in Control” means (a) a majority of the board of directors of
Parent ceases to be composed of individuals (i) who were members of such board on
the Sixth Amendment Effective Date, (ii) whose election or nomination to such board
was approved by individuals referred to in clause (i) above constituting at the time
of such election or nomination at least a majority of such board, or (iii) whose
election or nomination to such board was approved by individuals referred to in
clause (i) or (ii) above constituting at the time of such election or nomination at
least a majority of such board, (b) any “person” or “group” (as such terms are used
in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding
any employee benefit plan of such person or its subsidiaries and any person or
entity acting in its capacity as trustee, agent or other fiduciary or administrator
of such plan) shall acquire beneficial ownership (within the meaning of Rule 13d-3
and 13d-5 of the SEC under the Securities

2

 

Exchange Act of 1934, as amended, and including holding proxies to vote for the
election of directors other than proxies held by Parent’s management or their
designees to be voted in favor of persons nominated by Parent’s board of directors)
of 35% or more of the outstanding voting securities of Parent, measured by voting
power (including both common stock and any preferred stock or other equity
securities entitling the holders thereof to vote with the holders of common stock in
the elections for directors of Parent), or (c) Parent shall cease to own, directly
or indirectly, at least 99.5% of the Equity Interests of Borrower.”

          (d) The definition of “Parent” in Section 1.02 of the Credit Agreement is hereby
amended by deleting it in its entirety and inserting the following in lieu thereof:

          “Parent” means Resolute Energy Corporation, a Delaware corporation.”

     Section 2.02 Amendment to Section 9.04 of the Credit Agreement. Section 9.04 of the
Credit Agreement is hereby amended by deleting it in its entirety and inserting the following in
lieu thereof:

     “Each Loan Party will not, and will not permit any Subsidiary to, declare or
make, or agree to pay or make, directly or indirectly, any Restricted Payment,
return any capital to its stockholders or make any distribution of its Property to
its Equity Interest holders, except (a) Loan Parties may make Restricted Payments
to each other, (b) Hicks SPAC and Parent may make payments in respect of forward
stock purchase agreements entered into by Hicks SPAC or Parent in order to secure
approval of the Hicks Merger, and (c) Parent may make Restricted Payments not to
exceed $1,500,000 in the aggregate during any fiscal year or $2,500,000 in the
aggregate during the term of this Agreement (other than (i) upon the occurrence and
during the continuance of any Event of Default with respect to matters specified in
Sections 10.01(a), (b), (f), (g), (h), (i), (j) or (k), or (ii) when the Borrowing
Base Utilization Percentage exceeds ninety percent (90%)).”

     Section 2.03 Amendment to Section 9.05(j) of the Credit Agreement. Section 9.05(j) of
the Credit Agreement is hereby amended by deleting it in its entirety and inserting the following
in lieu thereof:

     “(j) loans and advances to directors, officers and employees of Parent or any
Restricted Subsidiary permitted by applicable law not to exceed $250,000 in the
aggregate at any time.”

     Section 2.04 Amendment to Section 9.11 of the Credit Agreement. Section 9.11 of the
Credit Agreement is hereby amended by:

          (a) adding “(a)” immediately prior to “any Restricted Subsidiary” in the fourth line thereof;
and

          (b) deleting the period at the end of the last line of Section 9.11 and replacing it with “,
and (b) the applicable Loan Parties may consummate the Hicks Merger.”

3

 

     Section 2.05 Amendment to Section 9.12 of the Credit Agreement. Section 9.12 of the
Credit Agreement is hereby amended by:

          (a) deleting the “and” immediately following clause (e) thereof;

          (b) inserting immediately after clause (f) thereof and immediately prior to the proviso that
follows clause (f), the following: “and (g) the sale or other disposition of the Equity Interests
in the Borrower to Hicks SPAC and the transfer of Equity Interests in Borrower and the Guarantors
to Resolute Energy Corporation in connection with and as part of the Hicks Merger;”.

     Section 2.06 Amendment to Section 9.20 of the Credit Agreement. Section 9.20 of the
Credit Agreement is hereby amended by adding “; provided that Borrower may prepay all
outstanding loans under the Second Lien Credit Agreement with the proceeds of the Hicks Merger”
immediately before the period at the end of Section 9.20.

ARTICLE III

Conditions Precedent

     This Sixth Amendment shall be subject to the satisfaction of the following conditions
precedent or concurrent on or before October 15, 2009, and after giving effect to this Sixth
Amendment:

     (a) the Borrower, each of the Guarantors and each of the Majority Lenders shall have executed
and delivered counterparts of this Sixth Amendment;

     (b) the Borrower, each of the Guarantors and the Administrative Agent shall have executed and
delivered an amendment to the Guaranty and Collateral Agreement that, among other things, releases
the guaranty and pledge of assets by Resolute Holdings Sub, LLC, and each of Resolute Energy
Corporation and Hicks SPAC shall have executed and delivered a joinder agreement to the Guaranty
and Collateral Agreement and taken such other actions necessary to grant and perfect a security
interest in its respective Property;

     (c) substantially contemporaneously with the effectiveness of this Sixth Amendment, (i) the
Hicks Merger shall be consummated upon terms reasonably satisfactory to the Administrative Agent,
(ii) all loans outstanding under the Second Lien Credit Agreement shall be repaid in full from the
proceeds of the Hicks Merger, and (iii) the remaining proceeds of the Hicks Merger, net of (A)
payments to redeem, repurchase or otherwise cause to terminate any Hicks SPAC public warrants, (B)
payments in respect of any forward stock purchase agreements entered into by Hicks SPAC or Parent
in order to secure approval of the Hicks Merger, and (C) the expenses associated with the Hicks
Merger, shall be used to prepay Loans;

     (d) the Lenders shall have received all expenses for which invoices have been presented, on or
before the Sixth Amendment Effective Date; and

     (e) the Lenders shall have received such legal opinions, officer’s certificates, resolutions,
documents and other instruments as are customary for transactions of this type or as they may
reasonably request.

4

 

ARTICLE IV

Representations and Warranties

     The Borrower hereby represents and warrants to each Lender that:

     (a) Each of the representations and warranties made by the Borrower under the Credit Agreement
and each other Loan Document is true and correct on and as of the actual date of execution of this
Sixth Amendment by the Borrower, as if made on and as of such date, except for any representations
and warranties made as of a specified date, which are true and correct as of such specified date.

     (b) At the time of, and immediately after giving effect to, this Sixth Amendment, no Default
has occurred and is continuing.

     (c) The execution, delivery and performance by the Borrower of this Sixth Amendment have been
duly authorized by the Borrower.

     (d) This Sixth Amendment constitutes the legal, valid and binding obligation of the Borrower,
enforceable against the Borrower in accordance with its terms.

     (e) The execution, delivery and performance by the Borrower of this Sixth Amendment (i) does
not require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority or any other third Person (including shareholders or any class of directors,
whether interested or disinterested, of the Borrower or any other Person), nor is any such consent,
approval, registration, filing or other action necessary for the validity or enforceability of this
Sixth Amendment or any Loan Document or the consummation of the transactions contemplated thereby,
except such as have been obtained or made and are in full force and effect other than those third
party approvals or consents which, if not made or obtained, would not cause a Default hereunder,
could not reasonably be expected to have a Material Adverse Effect or do not have an adverse effect
on the enforceability of the Loan Documents, (ii) will not violate any applicable law or regulation
or the charter, by-laws or other organizational documents of the Borrower or any Restricted
Subsidiary or any order of any Governmental Authority, (iii) will not violate or result in a
default under any indenture, agreement or other instrument binding upon the Borrower or any
Restricted Subsidiary or its Properties, or give rise to a right thereunder to require any payment
to be made by the Borrower or such Restricted Subsidiary and (iv) will not result in the creation
or imposition of any Lien on any Property of the Borrower or any Restricted Subsidiary (other than
the Liens created by this Sixth Amendment or the Loan Documents).

ARTICLE V

Miscellaneous

     Section 5.01 Credit Agreement in Full Force and Effect as Amended. Except as
specifically amended hereby, the Credit Agreement and other Loan Documents shall remain in full
force and effect and are hereby ratified and confirmed as so amended. Except as expressly set
forth herein, this Sixth Amendment shall not be deemed to be a waiver, amendment or modification of
any provisions of the Credit Agreement or any other Loan Document or any right, power or remedy of
the Administrative Agent or Lenders, or constitute a waiver of any provision

5

 

of the Credit Agreement or any other Loan Document, or any other document, instrument and/or
agreement executed or delivered in connection therewith or of any Default or Event of Default under
any of the foregoing, in each case whether arising before or after the date hereof or as a result
of performance hereunder or thereunder. This Sixth Amendment also shall not preclude the future
exercise of any right, remedy, power, or privilege available to the Administrative Agent and/or
Lenders whether under the Credit Agreement, the other Loan Documents, at law or otherwise. All
references to the Credit Agreement shall be deemed to mean the Credit Agreement as modified hereby.
The parties hereto agree to be bound by the terms and conditions of the Credit Agreement and Loan
Documents as amended by this Sixth Amendment, as though such terms and conditions were set forth
herein. Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein” or words of similar import shall mean and be a reference to the Credit Agreement as
amended by this Sixth Amendment, and each reference herein or in any other Loan Documents to the
“Credit Agreement” shall mean and be a reference to the Credit Agreement as amended and modified by
this Sixth Amendment.

     Section 5.02 GOVERNING LAW. THIS SIXTH AMENDMENT, AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER, SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK.

     Section 5.03 Descriptive Headings, Etc. The descriptive headings of the sections of
this Sixth Amendment are inserted for convenience only and shall not be deemed to affect the
meaning or construction of any of the provisions hereof. The statements made and the terms defined
in the recitals to this Sixth Amendment are hereby incorporated into this Sixth Amendment in their
entirety.

     Section 5.04 Payment of Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its reasonable out-of-pocket costs and expenses incurred in
connection with this Sixth Amendment, the Loan Documents and any other documents prepared in
connection herewith and the transactions contemplated hereby, including, without limitation, the
reasonable fees and disbursements of counsel to the Lenders. The agreement set forth in this
Section 5.04 shall survive the termination of this Sixth Amendment and the Credit
Agreement.

     Section 5.05 Entire Agreement. This Sixth Amendment and the documents referred to
herein represent the entire understanding of the parties hereto regarding the subject matter hereof
and supersede all prior and contemporaneous oral and written agreements of the parties hereto with
respect to the subject matter hereof. This Sixth Amendment is a Loan Document executed under the
Credit Agreement.

     Section 5.06 Counterparts. This Sixth Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which shall constitute an
original but all of which when taken together shall constitute but one agreement. Delivery of an
executed counterpart of the signature page of this Sixth Amendment by facsimile or other electronic
transmission shall be effective as delivery of a manually executed counterpart thereof.

     Section 5.07   Successors.  The execution and delivery of this Sixth Amendment by any Lender shall be binding upon each of its successors and assigns.

[Signatures Begin on Next Page]

6

 

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

 BORROWER: 

	 	 	 	 	 
	 	
RESOLUTE ANETH, LLC

 	 
	 	By:  	                             /s/ Theodore Gazulis
 	 
	 	 	Theodore Gazulis, 	 
	 	 	Vice President – Finance and Chief 

Financial Officer 	 
	 

GUARANTORS:

	 	 	 	 	 
	 	RESOLUTE HOLDINGS SUB, LLC

RESOLUTE NATURAL RESOURCES 

COMPANY, LLC (f/k/a Resolute Natural 

Resources Company)

RNRC HOLDINGS, INC.

RESOLUTE WYOMING, INC. (f/k/a Primary
Natural Resources, Inc.)

BWNR, LLC

WYNR, LLC

 	 
	 	By:  	/s/ Theodore Gazulis
 	 
	 	 	Theodore Gazulis, 	 
	 	 	Vice President – Finance and Chief 

Financial Officer 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent and a Lender

 	 
	 	By:  	/s/ Kevin Scotto
 	 
	 	 	Kevin Scotto 	 
	 	 	Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Co-Syndication Agent and a Lender

 	 
	 	By:  	/s/ Oleg Kogan
 	 
	 	 	Oleg Kogan 	 
	 	 	Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	BMO CAPITAL MARKETS FINANCING, INC.,

as Co-Syndication Agent and a Lender

 	 
	 	By:  	/s/ Gumaro Tijerina
 	 
	 	 	Name:  	Gumaro Tijerina 	 
	 	 	Title:  	Director 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK SECURITIES INC.,

as Co-Documentation Agent

 	 
	 	By:  	/s/ Vincent D’Amore
 	 
	 	 	Name:  	Vincent D’Amore 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                      /s/ Valerie Shapiro
 	 
	 	 	Name:  	Valerie Shapiro 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY 

AMERICAS, as a Lender

 	 
	 	By:  	/s/ Dusan Lazarov
 	 
	 	 	Name:  	Dusan Lazarov 	 
	 	 	Title:  	Vice President 	 
	 	 	 
	 	By:  	                        /s/ Valerie Shapiro
 	 
	 	 	Name:  	Valerie Shapiro 	 
	 	 	Title:  	Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	FORTIS CAPITAL CORP.,

as Co-Documentation Agent and a Lender

 	 
	 	By:  	/s/ Scott Myatt
 	 
	 	 	Name:  	Scott Myatt 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                  /s/ Ilene Fowler
 	 
	 	 	Name:  	Ilene Fowler 	 
	 	 	Title:  	Director 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Bruce E.  Hernandez
 	 
	 	 	Name:  	Bruce E. Hernandez 	 
	 	 	Title:  	Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	UNION BANK, N.A.,

as a Lender

 	 
	 	By:  	/s/ Douglas Gale
 	 
	 	 	Name:  	Douglas Gale 	 
	 	 	Title:  	Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	UBS LOAN FINANCE LLC,

as a Lender

 	 
	 	By:  	/s/ Marie Haddad
 	 
	 	 	Name:  	Marie Haddad 	 
	 	 	Title:  	Associate Director 	 
	 	 	 
	 	By:  	                      /s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	COMERICA BANK,

as a Lender

 	 
	 	By:  	/s/ Matt Turner
 	 
	 	 	Name:  	Matt Turner 	 
	 	 	Title:  	Corporate Banking Officer 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	GUARANTY BANK AND TRUST COMPANY,

as a Lender

 	 
	 	By:  	/s/ Gail J. Nofsinger
 	 
	 	 	Name:  	Gail J. Nofsinger 	 
	 	 	Title:  	Senior Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	CITICORP USA, INC.,

as a Lender

 	 
	 	By:  	/s/ John F. Miller
 	 
	 	 	Name:  	John F. Miller 	 
	 	 	Title:  	Attorney-In Fact 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	ALLIED IRISH BANKS, p.l.c.,

as a Lender

 	 
	 	By:  	/s/ David O’Driscoll
 	 
	 	 	Name:  	David O’Driscoll 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	 	 
	 	By:  	                  /s/ Aidan Lanigan
 	 
	 	 	Name:  	Aidan Lanigan 	 
	 	 	Title:  	Vice President 	 

Signature Page to

Sixth Amendment to Amended and Restated Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]