Document:

EX-10.28

 Exhibit 10.28 
 Execution Version 
 RESIGNATION, CONSENT AND
APPOINTMENT AGREEMENT AND AMENDMENT 
 AGREEMENT 

(GOODRICH PETROLEUM COMPANY, L.L.C.) 
 This Resignation, Consent and Appointment Agreement and Amendment Agreement (this “Agreement”) is effective as of April 20, 2012 (the “Effective Date”), by and among
BNP PARIBAS (“BNP”), in its capacity as Administrative Agent (in such capacity, the “Existing Agent”), and in its capacity as Issuing Bank, under that certain Credit Agreement and other Loan Documents referred to
below, the Successor Agent (as defined below), the Successor Issuing Bank (as defined below), and the other parties hereto. Capitalized terms defined in the Credit Agreement have the same meanings when used herein unless otherwise defined herein.

 RECITALS 
 WHEREAS, the Existing Agent serves as Administrative Agent under (a) the Second Amended and Restated Credit Agreement dated as of May 5, 2009 (as amended, restated, supplemented or
otherwise modified, the “Credit Agreement”), among Goodrich Petroleum Company, L.L.C. (the “Borrower”), Goodrich Petroleum Corporation (the “Parent Guarantor”), the Existing Agent and the other
financial institutions party thereto and (b) the other Loan Documents (as defined in the Credit Agreement); 
 WHEREAS, the
Existing Agent desires to resign as Administrative Agent under the Credit Agreement, the other Loan Documents (as defined in the Credit Agreement) and any other documents referred to in the Credit Agreement as to which the Existing Agent is acting
as an administrative agent thereunder (collectively, as amended, restated, supplemented or otherwise modified, the “Loan Documents”); 
 WHEREAS, the Required Lenders, by entering into this Agreement, are consenting to the appointment of Wells Fargo Bank, National Association (“Wells Fargo”) as successor Administrative
Agent (in such capacity, the “Successor Agent”) under the Credit Agreement and the other Loan Documents and the Successor Agent, by entering into this Agreement, accepts such appointment; 

WHEREAS, BNP serves as an Issuing Bank (the “Existing Issuing Bank”) under the Credit Agreement and desires to resign as
an Issuing Bank thereunder; and 
 WHEREAS, the Borrower, the Successor Agent and the Existing Issuing Bank, by entering into
this Agreement, are consenting to the appointment of Wells Fargo as a successor Issuing Bank (in such capacity, the “Successor Issuing Bank”) under the Credit Agreement and the Successor Issuing Bank, by entering into this
Agreement, accepts such appointment. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which hereby are acknowledged, the parties hereto hereby agree as follows: 
 Section 1. Resignation, Consent and
Appointment. 
 (a) As of the Effective Date (i) the Existing Agent hereby resigns as the Administrative Agent as
provided under the Credit Agreement and shall have no further obligations in such capacity under the Credit Agreement and the other Loan Documents, except to the extent of any obligation expressly stated in the Credit Agreement or other Loan
Documents as surviving any such resignation; (ii) the Required Lenders appoint Wells Fargo as successor Administrative Agent under the Credit 

 
Agreement and the other Loan Documents; (iii) Wells Fargo hereby accepts its appointment as Successor Agent under the Credit Agreement and the other Loan Documents; and (iv) the parties
hereto authorize each of the Existing Agent and the Successor Agent to prepare, enter into, execute, record and/or file any and all notices, certificates, instruments, Uniform Commercial Code financing statements and/or other documents or agreements
(including, without limitation, filings in respect of any collateral, and assignments, amendments or supplements to any UCC financing statements, mortgages, deeds of trust, security agreements, pledge agreements, intellectual property security
agreements, certificates of title, stock powers, account control agreements, intercreditor agreements, or other Loan Documents), as either the Existing Agent or the Successor Agent deems reasonably necessary or desirable to effect or evidence (of
public record or otherwise) the transactions herein contemplated, including but not limited to the resignation of the Existing Agent and the appointment of the Successor Agent and any amendments to the Credit Agreement and Loan Documents set forth
herein, and to maintain the validity, perfection, priority, of, or assign to the Successor Agent, any and all liens and security interests in respect of any and all collateral, and each of the Borrower, the Parent Guarantor, the Existing Agent and
the Successor Agent hereby agrees to execute and deliver (and the Borrower agrees to cause each applicable guarantor or grantor of collateral to execute and deliver) any documentation reasonably necessary or reasonably requested by the Existing
Agent or the Successor Agent to evidence such resignation and appointment or such amendments or to maintain the validity, perfection or priority of, or assign to the Successor Agent, any such liens or security interests, or to maintain the rights,
powers and privileges afforded to the Administrative Agent under any of the Loan Documents. 
 (b) As of the Effective Date
(i) BNP hereby resigns as an Issuing Bank as provided under the Credit Agreement and shall have no further obligations in such capacity under the Credit Agreement and the other Loan Documents, except (A) to the extent of any obligation
expressly stated in the Credit Agreement or other Loan Documents as surviving any such resignation and (B) with respect to any Letter of Credit issued by it that is outstanding on the Effective Date (as set forth on Schedule I hereto,
collectively, the “Residual Letters of Credit”), which, until such Residual Letter of Credit is replaced, terminated or otherwise expired, shall remain the obligation of the Existing Issuing Bank in accordance with the terms of the
Credit Agreement; (ii) the Borrower, the Successor Agent and the Existing Issuing Bank consent to the appointment of Wells Fargo as a successor Issuing Bank under the Credit Agreement; and (iii) Wells Fargo hereby accepts its appointment
as Successor Issuing Bank under the Credit Agreement. 
 (c) The parties hereto hereby confirm that the Successor Agent succeeds
to the rights and obligations of the Administrative Agent under the Credit Agreement and the other Loan Documents and becomes vested with all of the rights, powers, privileges and duties of the Administrative Agent under the Credit Agreement and the
other Loan Documents, and the Existing Agent is discharged from all of its duties and obligations as the Administrative Agent under the Credit Agreement and the other Loan Documents (except to the extent of any obligation expressly stated in the
Credit Agreement or other Loan Document as surviving any such resignation), in each case as of the Effective Date. 
 (d) The
parties hereto hereby confirm that the Successor Issuing Bank succeeds to the rights and obligations of the Existing Issuing Bank under the Credit Agreement and becomes vested with all of the rights, powers, privileges and duties of the Existing
Issuing Bank under the Credit Agreement, and the Existing Issuing Bank is discharged from all of its duties and obligations as an Issuing Bank under the Credit Agreement and the other Loan Documents (except (i) to the extent of any obligation
expressly stated in the Credit Agreement or other Loan Document as surviving any such resignation and (ii) with respect to any Residual Letter of Credit, which, until such Residual Letter of Credit is replaced, terminated or otherwise expired,
shall remain the obligation of the Existing Issuing Bank in accordance with the terms of the Credit Agreement), in each case as of the Effective Date. 

  
 2 

 (e) The parties hereto hereby confirm that, as of the Effective Date, all of the protective
provisions, indemnities, and expense obligations under the Credit Agreement and the other Loan Documents continue in effect for the benefit of the Existing Agent, its sub-agents and their respective affiliates, officers, directors, trustees,
employees, advisors, agents and controlling Persons in respect of any actions taken or omitted to be taken by any of them while the Existing Agent was acting as Administrative Agent or thereafter pursuant to or in furtherance of the provisions of
this Agreement, and inure to the benefit of the Existing Agent. The parties hereto agree that the Successor Agent shall have no liability for any actions taken or omitted to be taken by the Existing Agent while it served as the Administrative Agent
under the Credit Agreement and the other Loan Documents or for any other event or action related to the Credit Agreement that occurred prior to the effectiveness of this Agreement. The parties hereto agree that the Existing Agent shall have no
liability for any actions taken or omitted to be taken by the Successor Agent as the Administrative Agent under the Credit Agreement and the other Loan Documents. 
 (f) The parties hereto hereby confirm that, as of the Effective Date, all of the protective provisions, indemnities, and expense obligations under the Credit Agreement and the other Loan Documents
continue in effect for the benefit of the Existing Issuing Bank, its sub-agents and their respective affiliates, officers, directors, trustees, employees, advisors, agents and controlling Persons in respect of any actions taken or omitted to be
taken by any of them while the Existing Issuing Bank was acting as an Issuing Bank (including following the Effective Date until such time as no Residual Letters of Credit remain issued and outstanding) and inure to the benefit of the Existing
Issuing Bank. The parties hereto agree that the Successor Issuing Bank shall have no liability for any actions taken or omitted to be taken by the Existing Issuing Bank while the Existing Issuing Bank served as an Issuing Bank under the Credit
Agreement and the other Loan Documents or for any other event or action related to the Credit Agreement that occurred prior to the effectiveness of this Agreement. The parties hereto agree that the Existing Issuing Bank shall have no liability for
any actions taken or omitted to be taken by the Successor Issuing Bank as an Issuing Bank under the Credit Agreement and the other Loan Documents. 
 (g) The Existing Agent hereby assigns to the Successor Agent, effective on and after the Effective Date, any powers of attorney, liens, or security interests and all other rights and interests granted to
the Existing Agent, for the ratable benefit of the Lenders and any other secured parties on whose behalf it may be acting under any security documents included within the Loan Documents (collectively, the “Secured Parties”), under
the Credit Agreement and other Loan Documents, and the Successor Agent hereby accepts the benefit of all such powers of attorney, liens and security interests and other rights and interests, for its benefit and for the ratable benefit of the Secured
Parties. 
 (h) On and after the Effective Date, all possessory collateral held by the Existing Agent for the benefit of the
Secured Parties shall be deemed to be held by the Existing Agent as agent and bailee for the Successor Agent for the benefit and on behalf of the Successor Agent and the Secured Parties until such time as such possessory collateral has been
delivered to the Successor Agent. Without limiting the generality of the foregoing, any reference to the Existing Agent in any publicly filed document, to the extent such filing relates to the liens and security interests in any collateral assigned
hereby and until such filing is modified to reflect the interests of the Successor Agent, shall, with respect to such liens and security interests, constitute a reference to the Existing Agent as collateral representative of the Successor Agent
(provided that the parties hereto agree that the Existing Agent’s role as such collateral representative shall impose no further duties, obligations or 

  
 3 

 
liabilities on the Existing Agent, including, without limitation, any duty to take any type of direction regarding any action to be taken against such collateral, whether such direction comes
from the Successor Agent, the Secured Parties or otherwise, and the Existing Agent shall have the full benefit of all of the protective provisions of Article XI (The Agents) and Section 12.03 (Expenses, Indemnity; Damage Waiver) of the Credit
Agreement, while serving in such capacity). The Existing Agent agrees to deliver all possessory collateral to the Successor Agent on or promptly following the Effective Date, and the Successor Agent agrees to take possession thereof upon such tender
by the Existing Agent. 
 Section 2. Amendments to Credit Agreement and other Loan Documents. 

2.01 Amendments to Credit Agreement. 
 (a) Amendment to Section 1.02. The definition of “Prime Rate” in Section 1.02 of the Credit Agreement is hereby amended by replacing the reference therein to “BNP
Paribas” with “Wells Fargo Bank, National Association”. 
 (b) Amendment to Section 1.02.
Section 1.02 of the Credit Agreement is hereby amended by adding the following definitions where alphabetically appropriate to read as follows: 
 “Secured Swap Agreement” means any Swap Agreement between the Borrower or any Subsidiary and any Person that is entered into prior to the time, or during the time, that such Person was a
Lender or an Affiliate of a Lender (including any such Swap Agreement in existence prior to the date hereof), even if such Person ceases to be a Lender or an Affiliate of a Lender for any reason (any such Person, a “Secured Swap
Party”); provided that, for the avoidance of doubt, the term “Secured Swap Agreement” shall not include any transactions entered into after the time that such Secured Swap Party ceases to be a Lender or an Affiliate of a
Lender. 
 “Secured Swap Obligations” means all amounts and other obligations owing to any
Secured Swap Party under any Secured Swap Agreement. 
 “Secured Swap Party” has the meaning
assigned to such term in the definition of Secured Swap Agreement. 
 (c) Amendment to Section 1.02. The definition
of “Indebtedness” contained in Section 1.02 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “Indebtedness” means (a) any and all amounts owing or to be owing by the Borrower, any of its Subsidiaries or any Guarantor (whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising) to the Administrative Agent, the Issuing Bank or any Lender under any Loan Document; (b) all Secured Swap Obligations; and (c) all renewals,
extensions and/or rearrangements of any of the above. 
 (d) Amendment to Section 10.02(c)(iv).
Section 10.02(c)(iv) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
  

	 	(iv)	fourth, pro rata to payment of principal outstanding on the Loans and payment of Secured Swap Obligations; 

  
 4 

 (e) Amendments to Section 12.02(b). 

(i) Section 12.02(b)(vi) of the Credit Agreement is hereby amended by adding the following at the end thereof: 

; provided that any waiver or amendment to Section 12.16, the terms of Section 10.02(c) or any Security Instrument in a
manner that results in the Secured Swap Obligations secured by such Security Instrument no longer being secured thereby on an equal and ratable basis with the principal of the Loans, or any amendment or other change to the definition of
“Secured Swap Agreement”, “Secured Swap Obligations” or “Secured Swap Party”, shall also require the written consent of each Lender and each Secured Swap Party adversely affected thereby, 

(ii) Section 12.02(b)(viii) of the Credit Agreement is hereby amended by adding the following immediately after the words
“without the written consent of each Lender (other than a Defaulting Lender)”: 
 ; provided that any change to
the provisions of Section 12.02(b)(vi) or this proviso in this Section 12.02(b)(viii), shall also require the written consent of each Secured Swap Party. 
 (f) Amendment to Section 12.16. Section 12.16 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

Section 12.16 Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this
Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to Secured Swap Parties on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the
application and priority of payments to the Persons entitled thereto) in respect of any Secured Swap Obligations; provided that if a Person or its Affiliate ceases to be a Secured Swap Party solely because the Revolving Credit Exposures have
been paid in full and the Commitments terminated, then the Liens securing such Secured Swap Agreements shall continue in favor of such Person until those obligations are paid in full in cash or otherwise expire or are terminated. Except as expressly
set forth in Section 12.02(b), no Secured Swap Party shall have any voting rights under any Loan Document as a result of the existence of any Secured Swap Obligations owed to it. 

2.02 Amendments to Guaranty and Collateral Agreement. Section 1.01(b) of the Guaranty and Collateral Agreement dated
May 5, 2009 by the Borrower and the Parent Guarantor in favor of the Administrative Agent is hereby amended by amending and restating in their entirety the definitions of “Obligations”, “Permitted Swap Agreements”,
and “Secured Parties”, respectively, to read as follows: 
 “Obligations” shall mean, collectively,
all Indebtedness, liabilities and obligations of the Borrower and each Guarantor to the Administrative Agent, the Issuing Bank, the Lenders and each Secured Swap Party (including 

  
 5 

 
any Permitted Swap Agreements between such Persons in existence prior to the date hereof), of whatsoever nature and howsoever evidenced, due or to become due, now existing or hereafter arising,
whether direct or indirect, absolute or contingent, which may arise under, out of, or in connection with the Credit Agreement, the other Loan Documents, each Permitted Swap Agreement and all other agreements, guarantees, notes and other documents
entered into by any party in connection therewith, and any amendment, restatement or modification of any of the foregoing, including, but not limited to, the full and punctual payment when due of any unpaid principal of the Loans and LC Exposure,
any amounts payable in respect of an early termination under any Permitted Swap Agreement, interest (including, without limitation, interest accruing at any post-default rate and interest accruing after the filing of any petition in bankruptcy, or
the commencement of any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), fees, reimbursement obligations, guaranty obligations, penalties, indemnities,
legal and other fees, charges and expenses, and amounts advanced by and expenses incurred in order to preserve any collateral or security interest, whether due after acceleration or otherwise, 

“Permitted Swap Agreement” shall mean any Swap Agreement permitted to be entered into by the Borrower or
any Guarantor pursuant to Section 9.18 of the Credit Agreement that is between the Borrower or any Grantor and any Secured Swap Party. 
 “Secured Parties” shall mean, collectively, the Administrative Agent, the Issuing Bank, the Lenders and each Secured Swap Party, 

2.03 The Borrower and the Parent Guarantor hereby agree to execute and deliver (and to cause each applicable guarantor or grantor of
collateral to execute and deliver) any amendments to any other, Loan Document that the Successor Agent or the Existing Agent deems reasonably necessary or desirable in order to effectuate or evidence (of public record or otherwise) the amendments to
the Credit Agreement and Loan Documents set forth above or to replicate the substance thereof in such other Loan Document, each of such amendments to be in form and substance reasonably satisfactory to the Borrower, the Parent Guarantor, the
Existing Agent and the Successor Agent. The Majority Lenders hereby consent to the Successor Agent’s execution and delivery of any amendments entered into in accordance with the foregoing sentence. 

2.04 The Borrower agrees to provide each Secured Swap Party with all information provided to the Administrative Agent or the Lenders
under the terms of the Credit Agreement, subject to any such Secured Swap Party confirming in writing to the Borrower that it will comply with the terms of Section 12.11 of the Credit Agreement at all times as if such Secured Swap Party were a
Lender under the Credit Agreement, 
 Section 3. Waiver of Notices. The Borrower and the Majority Lenders hereby
waive any notice, timing or other requirement of the Credit Agreement or the other Loan Documents (including, without limitation, pursuant to Section 2.08(i), Section 11.06 and Section 12,01(c) of the Credit Agreement) related to the
resignation of the Existing Agent and/or the Existing Issuing Bank or the appointment or designation of the Successor Agent and/or the Successor Issuing Bank. 

  
 6 

 Section 4. Representations and Warranties. Each party hereto hereby represents
and warrants on and as of the Effective Date (or, in the case of any Lender not party to this Agreement as of the Effective Date, on the date such Lender delivers a counterpart signature to the Successor Agent) that it is legally authorized to enter
into and has duly executed and delivered this Agreement. 
 Section 5. Notices. Commencing as of the
Effective Date, notices to the Successor Agent and the Successor Issuing Bank in respect of the Credit Agreement or any other Loan Document shall be directed as follows (and any notice provisions of the Credit Agreement and the other Loan Documents
are hereby amended to reflect such notice information): 
 Wells Fargo Bank, N.A. 

Attn: Yvette McQueen 
 1525 West W.T. Harris Boulevard 
 MAC D1109-019 

Charlotte, NC 28262 
 Fax: 704 590 2782 
 Phone: 704 590 2706 

Yvette.mcqueenwellsfargo.com 
 Section 6. Miscellaneous. 
 6.01. Return of Payments. In the
event that, after the Effective Date, the Existing Agent receives any principal, interest or other amount owing to any Lender or the Successor Agent under the Credit Agreement or any other Loan Document, or receives any instrument, agreement,
report, financial statement, insurance policy, notice or other document in its capacity as Existing Agent, the Existing Agent agrees to promptly forward the same to the Successor Agent and to hold the same in trust for the Successor Agent until so
forwarded. The parties hereto agree that any provision of any of the Loan Documents directing the Borrower to make payment to the Existing Agent shall be hereby amended to direct the Borrower to make payment to the account designated by the
Successor Agent to the Borrower from time to time. 
 6.02. Agency Fees. 

(a) The Existing Agent agrees to pay to the Successor Agent, such Successor Agent’s ratable share of all agency fees
actually paid to the Existing Agent in advance under or in connection with the Credit Agreement, determined based on the portion of the period for which such fees were actually paid in advance from the Effective Date to the end of such period.

 (b) The Borrower agrees to pay to the Successor Agent, from and after the next due date therefor, the same
agency fees that were payable to the Existing Agent under or in connection with the Credit Agreement. 
 6,03. Successors and
Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties hereto. 
 6.04. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which taken together shall be one and the same
instrument. Delivery of this Agreement by facsimile or email transmission or other electronic means shall be effective as delivery of a manually executed counterpart hereof. 

  
 7 

 6.05. Effectiveness. This Agreement shall be effective upon the Effective Date,
provided that Sections 2.01(d), 2.01(e) and 2.01(f) shall not become effective until the earliest date (such date, the “Swap Amendments Effective Date”) on which the Successor Agent has received counterpart signatures of this
Agreement from all Lenders (other than Lenders that are party to this Agreement as of the Effective Date and their successors and permitted assigns). The Successor Agent shall promptly notify the Borrower and the Lenders upon the occurrence of the
Swap Amendments Effective Date. 
 6.06. Headings. The paragraph headings used in this Agreement are for convenience only
and shall not affect the interpretation of any of the provisions hereof. 
 6.07. Interpretation. This Agreement is a
Loan Document for all purposes under the Credit Agreement, 
 6.08. APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 [Signature page follows] 

  
 8 

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

			
	 BNP PARIBAS,

as Existing Agent, Existing Issuing Bank and as an existing Lender

		
	By:	 	/s/ PJ De Filippis
		 	 Name: PJ De Filippis
 Title:
Managing Director

		
	By:	 	 /s/ Jean L. Maclnnes

		 	 Name: Jean L. Maclnnes

Title: Director and Senior Counsel

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 GOODRICH PETROLEUM
COMPANY, L.L.C. 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of
April 20, 2012. 
  

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Successor Agent, Successor Issuing Bank and as an existing Lender

		
	By:  	 	/s/ Ronald A Mahle
		 	 Name: Ronald A Mahle
 Title:
Managing Director

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of
April 20, 2012. 
  

			
	GOODRICH PETROLEUM COMPANY, L.L.C.
		
	By:	 	 /s/ Michael J. Killelea

		 	 Name: Michael J. Killelea

Title:   Senior Vice President, General Counsel
             and Corporate Secretary

	
	GOODRICH PETROLEUM CORPORATION
		
	By:	 	 /s/ Jan L. Schott, CPA

		 	 Name: Jan L. Schott, CPA

Title:   Senior Vice President and Chief

            Financial Officer

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of
April 18, 2012. 
  

			
	Bank of Montreal, as a Lender
		
	By:	 	 /s/ Gumaro Tijerina

		 	 Name: Gumaro Tijerina

Title: Director

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of
April 20, 2012. 
  

			
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Ian Payne

		 	 Name: Ian Payne
 Title: Vice
President

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of April 20, 2012.

  

			
	 JPMorgan Chase Bank, NA, as a Lender

		
	 By:
	 	 /s/ Michael A. Kamauf

		 	 Name: Michael A. Kamauf

		 	 Title: Vice President

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Michael Ouellet

		 	 Name: Michael Ouellet

Title: Director

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as of April 20, 2012.

  

			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 /s/ Mark Lumpkin, Jr.

		 	 Name: Mark Lumpkin, Jr.

Title: Authorized Signatory

  

RESIGNATION, CONSENT AND APPOINTMENT AGREEMENT
AND AMENDMENT AGREEMENT 
 (GOODRICH PETROLEUM
COMPANY, L.L.C.) 

 Schedule 1 

Residual Letters of Credit 
 None 

  

SCHEDULE
1 TO RESIGNATION, CONSENT AND APPOINTMENT
AGREEMENT AND AMENDMENT AGREEMENT 
 (GOODRICH
PETROLEUM COMPANY, L.L.C.)EX-10.29

 Exhibit 10.29 
 Execution Version 
  

 
 SEVENTH AMENDMENT

 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of

 November 2, 2012 
 among 
 GOODRICH PETROLEUM COMPANY, L.L.C., 

as Borrower, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Administrative Agent,

 and 
 The Lenders Party Hereto 
  

 
 WELLS FARGO SECURITIES, LLC,

 as Sole Lead Arranger and Bookrunner 

 SEVENTH AMENDMENT TO SECOND 

AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS SEVENTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Seventh Amendment”) dated as of November 2, 2012, is among GOODRICH PETROLEUM COMPANY, L.L.C., a
Louisiana limited liability company (“Borrower”); each of the undersigned Guarantors (collectively, the “Guarantors”); WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent (in such capacity, together with its
successors in such capacity, “Administrative Agent”) for the lenders party to the Credit Agreement (collectively, the “Lenders”). 
 R E C I T A L S 
 A. Borrower, Administrative Agent and the Lenders
are parties to that certain Second Amended and Restated Credit Agreement dated as of May 5, 2009, as amended by that certain First Amendment dated as of September 22, 2009, that certain Second Amendment dated as of October 29, 2010,
that certain Third Amendment dated as of February 4, 2011, that certain Fourth Amendment dated as of February 25, 2011, that certain Fifth Amendment dated as of May 16, 2011 and that certain Sixth Amendment dated as of
October 31, 2011 (as amended, the “Credit Agreement”), pursuant to which the Lenders have made certain loans to and other extensions of credit on behalf of Borrower. 

B. The Borrower, the Administrative Agent and the Lenders desire to amend certain provisions of the Credit Agreement. 

C. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined
Terms. Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement. Unless otherwise indicated, all article and section references in this Seventh Amendment refer to articles and
sections of the Credit Agreement. 
 Section 2. Amendments to Credit Agreement. 

2.1 Amendment to Section 1.02. Section 1.02 is hereby amended by amending and restating the following definition:

 “‘Agreement’ means this Second Amended and Restated Credit Agreement as amended by that
certain First Amendment dated as of September 22, 2009, that certain Second Amendment dated as of October 29, 2010, that certain Third Amendment dated as of February 4, 2011, that certain Fourth Amendment dated February as of 25,
2011, that certain Fifth Amendment dated as of May 16, 2011, that certain Sixth Amendment dated as of October 31, 2011 and that certain Seventh Amendment dated as of November 2, 2012, as the same may from time to time be amended,
amended and restated, supplemented or otherwise modified.” 

  
 1 

 2.2 Amendment to Section 9.12(d)(iii). Section 9.12(d)(iii) is hereby
amended and restated in its entirety to read as follows: 
 “(iii) if such sale or other disposition of Oil
and Gas Property or Subsidiary owning Oil and Gas Properties included in the most recently delivered Reserve Report during any period between two successive Scheduled Redetermination Dates has a fair market value in excess of $10,000,000 (as
determined by the Administrative Agent), individually or in the aggregate, the Borrowing Base shall be reduced, effective immediately upon such sale or disposition, by an amount equal to the value, if any, assigned such Property as recommended by
the Administrative Agent and approved by Required Lenders in the most recent Borrowing Base, and” 
 Section 3.
Borrowing Base. For the period from and including the Seventh Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be $210,000,000. Notwithstanding the foregoing, the Borrowing Base
may be subject to further adjustments from time to time pursuant to Section 2.07(f), Section 8.13(c) or Section 9.12. 
 Section 4. Conditions Precedent. This Seventh Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with
Section 12.02 of the Credit Agreement) (the “Seventh Amendment Effective Date”): 
 4.1 The Administrative
Agent shall have received from all of the Lenders, Borrower and the Guarantors, counterparts (in such number as may be requested by Administrative Agent) of this Seventh Amendment signed on behalf of such Persons. 

4.2 The Administrative Agent and the Lenders shall have received all fees and other amounts due and payable on or prior to the date
hereof, including, to the extent invoiced, reimbursement or payment of all documented out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement. 

4.3 No Default shall have occurred and be continuing, after giving effect to the terms of this Seventh Amendment. 

4.4 The Administrative Agent shall have received such other documents as Administrative Agent or special counsel to Administrative Agent
may reasonably request. 
 The Administrative Agent is hereby authorized and directed to declare this Seventh Amendment to be
effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4 or the waiver of such conditions as permitted in Section 12.02
of the Credit Agreement. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes. 

  
 2 

 Section 5. Miscellaneous. 

5.1 Confirmation. The provisions of the Credit Agreement, as amended by this Seventh Amendment, shall remain in full force and
effect following the effectiveness of this Seventh Amendment. 
 5.2 Ratification and Affirmation; Representations and
Warranties. Borrower and each Guarantor hereby (a) acknowledges the terms of this Seventh Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document
to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect, except as expressly amended or modified hereby and (c) represents and warrants to the Lenders that as of the Seventh Amendment
Effective Date, after giving effect to the terms of this Seventh Amendment: (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct, except to the extent any such representations
and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date, (ii) no Default has occurred and is continuing and
(iii) no event, development or circumstance have occurred which individually or in the aggregate could reasonably be expected to be a Material Adverse Event. 
 5.3 Loan Document. This Seventh Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to
Loan Documents shall apply hereto. 
 5.4 Counterparts. This Seventh Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Seventh Amendment by facsimile or electronic transmission shall be
effective as delivery of a manually executed counterpart hereof. 
 5.5 NO ORAL AGREEMENT. THIS SEVENTH AMENDMENT, THE
CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. 
 5.6 GOVERNING LAW. THIS SEVENTH AMENDMENT
(INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 3 

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

					
	BORROWER:	 	GOODRICH PETROLEUM COMPANY, L.L.C.
			
		 	By:	 	 /s/ Jan L. Schott

		 	 Name: Jan L. Schott
 Title: Senior Vice President and Chief Financial Officer

		
	GUARANTOR:	 	GOODRICH PETROLEUM CORPORATION
			
		 	By:	 	 /s/ Michael J. Killelea

		 	 Name: Michael J. Killelea
 Title: Senior Vice President, General Counsel and Corporate Secretary

  
 S-1

 Signature Page to Seventh Amendment to Second A&R Credit Agreement 

					
	ADMINISTRATIVE AGENT:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and as a Lender
			
		 	By:	 	 /s/ Lila Jordan

		 	 Name: Lila Jordan

Title: Managing Director

  
 S-2

 Signature Page to Seventh Amendment to Second A&R Credit Agreement 

					
	LENDER:	 	BANK OF MONTREAL, as a Lender
			
		 	By:	 	 /s/ Gumaro Tijerina

		 	 Name: Gumaro Tijerina
 Title: Director

  
 S-3

 Signature Page to Seventh Amendment to Second A&R Credit Agreement 

					
	LENDER:	 	COMPASS BANK, as a Lender
			
		 	By:	 	 /s/ Ian Payne

		 	 Name: Ian Payne

Title: Vice President

  
 S-4

 Signature Page to Seventh Amendment to Second A&R Credit Agreement 

					
	LENDER:	 	JPMORGAN CHASE BANK, N.A., as a Lender
			
		 	By:	 	 /s/ Ryan Aman

		 	 Name: Ryan Aman

Title: Authorized Officer

  
 S-5

 Signature Page to Seventh Amendment to Second A&R Credit Agreement 

					
	LENDER:	 	BANK OF AMERICA, N.A., as a Lender
			
		 	By:	 	 /s/ Michael Clayborne

		 	 Name: Michael Clayborne
 Title: Assistant Vice President

  
 S-6

 Signature Page to Seventh Amendment to Second A&R Credit Agreement 

					
	LENDER:	 	ROYAL BANK OF CANADA, as a Lender
			
		 	By:	 	 /s/ Mark Lumpkin, Jr.

		 	 Name: Mark Lumpkin, Jr.
 Title: Authorized Signatory

  
 S-7

 Signature Page to Seventh Amendment to Second A&R Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}]]