Document:

Exhibit 10.2

 

AMENDMENT NO. 5

 

This AMENDMENT NO. 5 (the “Amendment”) dated as of October 30, 2012 (the “Effective Date”) is among Bonanza Creek Energy, Inc., a Delaware corporation (“Borrower”), the Guarantors (as defined in the Credit Agreement referred to below), the Lenders (as defined below), and KeyBank National Association, as Administrative Agent and as Issuing Lender (as such terms are defined below).

 

RECITALS

 

A.                                    The Borrower is party to that certain Credit Agreement dated as of March 29, 2011 (as amended by Amendment No. 1 dated as of April 29, 2011, Amendment No. 2 & Agreement dated as of September 15, 2011, the Resignation, Consent and Appointment Agreement and Amendment Agreement dated as of April 6, 2012, Amendment No. 3 & Agreement dated as of May 8, 2012, Amendment No. 4 dated as of July 31, 2012 and as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”) among the Borrower, the lenders party thereto from time to time (the “Lenders”), and KeyBank National Association (as successor in interest to BNP Paribas), as administrative agent (in such capacity, the “Administrative Agent”) and as issuing lender (in such capacity, the “Issuing Lender”).  Each capitalized term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Credit Agreement, unless expressly provided to the contrary.

 

B.                                    The Lenders wish to, subject to the terms and conditions of this Amendment, amend the Credit Agreement as provided herein.

 

THEREFORE, the Borrower, the Guarantors, the Administrative Agent, the Issuing Lender, and the Lenders hereby agree as follows:

 

Section 1.                                          Defined Terms.  As used in this Amendment, each of the terms defined in the opening paragraph and the Recitals above shall have the meanings assigned to such terms therein.

 

Section 2.                                          Other Definitional Provisions.  Article, Section, Schedule, and Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Amendment, unless otherwise specified.  All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be amended, supplemented, and otherwise modified from time to time, unless otherwise specified.  The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Amendment shall refer to this Amendment as a whole and not to any particular provision of this Amendment.  The term “including” means “including, without limitation,”.  Paragraph headings have been inserted in this Amendment as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Amendment and shall not be used in the interpretation of any provision of this Amendment.

 

 

Section 3.                                          Amendments to Credit Agreement.

 

(a)                                 Section 1.01 of the Credit Agreement is hereby amended by adding the following new defined terms in their alphabetically appropriate place:

 

“Intercreditor Agreement” means an Intercreditor Agreement on terms acceptable to the Majority Lenders between the Administrative Agent, in its capacity as agent for the Lenders, and the Second Lien Agent, as administrative agent for the Second Lien Lenders, and acknowledged and agreed to by the Borrower.

 

“Minimum Interest Coverage Ratio” means, as of such date of determination, the ratio of (a) the consolidated EBITDAX of the Borrower for the four fiscal quarter period then ended, to (b) cash interest expense of the Borrower and its consolidated Subsidiaries for the four (4) fiscal consecutive fiscal quarters then ended.

 

“Second Lien Agent” means any Second Lien Lender serving in the capacity as the administrative agent under the Second Lien Credit Agreement, or their respective successors or assigns, to the extent permitted under the Second Lien Credit Agreement and the Intercreditor Agreement.

 

“Second Lien Credit Agreement” means a Credit Agreement among the Borrower, the Second Lien Lenders, and the Second Lien Agent, as amended, restated, refinanced, supplemented or otherwise modified but only to the extent permitted under the terms of the Intercreditor Agreement; which Credit Agreement (a) shall (i) have a scheduled maturity date that is no earlier than March 15, 2017, (ii) have covenants and events of default that are no more restrictive in any material respect than those set forth in this Agreement and the other Loan Documents, (iii) have a bullet repayment of principal and not provide for scheduled amortization or mandatory prepayments of principal that are not Events of Default under this Agreement, (iv) be subject to the Intercreditor Agreement, and (v) otherwise be on terms and conditions reasonably acceptable to the Administrative Agent, and (b) the proceeds of which shall be used only (i) to finance the acquisition and development of Oil and Gas Properties, (ii) to finance capital expenditures, (iii) to repay Debt, and (iv) for other general corporate purposes.

 

“Second Lien Debt” means all Debt of the Borrower and any of its Subsidiaries in respect of the Second Lien Credit Agreement and the other Second Lien Loan Documents, which shall be subject to the terms of the Intercreditor Agreement.

 

“Second Lien Lenders” means the lenders party to the Second Lien Credit Agreement from time to time.

 

“Second Lien Loan Documents” means the Second Lien Credit Agreement, the  promissory notes and security documents executed and delivered pursuant to the Second Lien Credit Agreement, the Intercreditor Agreement and each other agreement, instrument, certificate or document executed by the Borrower, any

 

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other Obligor, or any Obligor’s Subsidiary or any of their respective officers at any time in connection with the Second Lien Credit Agreement.

 

(b)                                 The definition of “Loan Documents” in Section 1.01 of the Credit Agreement is hereby restated in its entirety as follows:

 

“Loan Documents” means this Agreement, the Notes, the Letter of Credit Documents, the Guaranties, the Security Instruments, the Intercreditor Agreement and each other agreement, instrument, certificate or document (other than the Second Lien Loan Documents) executed by the Borrower, any other Obligor, or any Obligor’s Subsidiary or any of their respective officers at any time in connection with this Agreement.

 

(c)                                  Section 2.02(e) is hereby amended by replacing the reference to “Section 6.02(g)” with a reference to “Sections 6.02(g) and 6.02(i)”.

 

(d)                                 Section 5.06 of the Credit Agreement is hereby amended by deleting the “and” at the end of clause (p), moving clause (q) thereof to clause (r) and inserting the new clause (q) to provide as follows:

 

(q)                                 Notices Delivered Under the Second Lien Credit Agreement.  Concurrently with the delivery of any notice or other information to the Second Lien Agent or the Second Lien Lenders, a copy of such notice or other information to the Administrative Agent or the Lenders, as appropriate; and

 

(e)                                  Section 6.01 of the Credit Agreement is hereby amended by deleting the “and” at the end of clause (p), moving clause (q) thereof to clause (r) and inserting the new clause (q) to provide as follows:

 

(q)                                 Liens securing Second Lien Debt to the extent permitted under the Intercreditor Agreement; provided that, subject to the terms of the Intercreditor Agreement, (i) the collateral with respect to which a Lien is granted as security for the Second Lien Debt shall be limited to the Collateral hereunder and (ii) the Liens securing the Obligations hereunder shall be senior to the Liens securing the Second Lien Debt; and

 

(f)                                   Section 6.02 of the Credit Agreement is hereby amended by deleting clauses (g) and (h) and replacing them with the following new clauses (g) and (h):

 

(g)                                 Bond Debt; provided that, (i) the aggregate outstanding principal amount of all such Bond Debt and Bond Refinancing Debt may not exceed $250,000,000 at any time, (ii) the Borrowing Base then in effect on funding of any such Bond Debt shall automatically reduce by an amount equal to 25% of the aggregate principal amount (without giving effect to any original issue discount) of such issuance (which reduction shall be effective on the next succeeding Business Day after such funding and such reduced Borrowing

 

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Base shall remain in effect until the date the Borrowing Base is otherwise redetermined pursuant to Section 2.02), and (iii) either (A) no Second Lien Debt shall be outstanding or (B) the proceeds of the Bond Debt shall be used to repay the Second Lien Debt in full;

 

(h)         Bond Refinancing Debt; provided that, (i) the aggregate outstanding principal amount of all Bond Debt and Bond Refinancing Debt may not exceed $250,000,000 at any time and (ii) no Second Lien Debt shall be outstanding; and

 

(g)                                  Section 6.02 of the Credit Agreement is hereby amended by moving clause (i) thereof to clause (j) and inserting the new clause (i) to provide as follows:

 

(i)                                    Second Lien Debt; provided that, (i) the aggregate principal amount of all such Second Lien Debt may not exceed $150,000,000 at any time, (ii) the Borrowing Base then in effect on the funding of any such Second Lien Debt shall automatically reduce by an amount equal to 25% of the aggregate principal amount of such advance under the Second Lien Credit Agreement (which reduction shall be effective on the next succeeding Business Day after such funding and such reduced Borrowing Base shall remain in effect until the date the Borrowing Base is otherwise redetermined pursuant to Section 2.02), and (iii) no Bond Debt or Bond Refinancing Debt shall be outstanding; and

 

(h)                                 The Credit Agreement is hereby amended by adding the following new Section 6.20:

 

Section 6.20                            Minimum Interest Coverage Ratio.  From and after the effective date of the Second Lien Credit Agreement, Borrower shall not permit the Minimum Interest Coverage Ratio as of each fiscal quarter end of the Borrower to be less than 3.00 to 1.00.

 

(i)                                     The Credit Agreement is hereby amended by adding the following new Section 6.21:

 

Section 6.21                            Second Lien Debt.  Except as otherwise permitted by the terms of the Intercreditor Agreement, none of the Borrower nor any Subsidiary of a Borrower shall (a) make any optional, mandatory or scheduled payments on account of principal (whether by redemption, purchase, retirement, defeasance, set off or otherwise), interest, premiums and fees in respect of the Second Lien Debt, or (b) amend, supplement, refinance or otherwise modify the terms of the Second Lien Debt, the Second Lien Credit Agreement or any other Second Lien Loan Document.

 

(j)                                    Section 7.01 of the Credit Agreement is hereby amended by deleting the “or” at the end of clause (k), replacing the “.” at the end of clause (l) with “; or” and adding the following two new clauses (m) and (n):

 

(m)            An “Event of Default” under the Second Lien Credit Agreement shall have occurred; or

 

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(n)              From and after the effective date of the Second Lien Credit Agreement, the Intercreditor Agreement shall cease to be effective (other than pursuant to the terms provided therein) or otherwise shall cease to be a legal, valid and binding agreement enforceable against the holders of any Debt under the Second Lien Credit Agreement in any material respect.

 

(k)                                 Section 7.06(c) of the Credit Agreement is hereby amended is hereby by adding the following new proviso to the end thereof:

 

(c)   ; provided that, from and after the effective date of the Second Lien Credit Agreement, the remainder shall instead be paid to the Second Lien Agent to the extent required under the Intercreditor Agreement.

 

(l)                                     The Credit Agreement is hereby amended by adding the following new Section 9.09:

 

Section 9.09                            Intercreditor Agreement. The Administrative Agent is hereby authorized on behalf of the Secured Parties to enter into the Intercreditor Agreement. Each Secured Party, by receiving the benefits thereunder and of the Collateral under the Security Instruments, acknowledges and agrees to the terms of the Intercreditor Agreement and agrees that the terms thereof shall be binding on such Secured Party and its respective successors and assigns, as if each were a party thereto.

 

Section 4.                                          Borrowing Base.  Subject to the terms of this Amendment, the Lenders and the Borrower hereby agree that upon the Effective Date, the Borrowing Base shall be increased to $325,000,000, and the amount of such Borrowing Base shall remain in effect until the Borrowing Base is redetermined pursuant to Section 2.02 of the Credit Agreement.

 

Section 5.                                          Representations and Warranties.  The Borrower and each Guarantor represents and warrants that: (a) the representations and warranties contained in the Credit Agreement and the representations and warranties contained in the other Loan Documents are true and correct in all material respects on and as of the Effective Date as if made on and as of such date, except to the extent that any such representation or warranty expressly relates solely to an earlier date, in which case such representation or warranty is true and correct in all material respects as of such earlier date; (b) no Default has occurred and is continuing; (c) the execution, delivery and performance of this Amendment are within the corporate power and authority of such Person and have been duly authorized by appropriate corporate action and proceedings; (d) this Amendment constitutes the legal, valid, and binding obligation of such Person enforceable 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; (e) there are no governmental or other third party consents, licenses and approvals required in connection with the execution, delivery, performance, validity and enforceability of this Amendment; (f) the Liens under the Security Instruments are valid and subsisting and secure Borrower’s obligations under the Loan Documents; and (g) as to each Guarantor, it has no defenses to the enforcement of its Guaranty.

 

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Section 6.                                          Conditions to Effectiveness.

 

(a)                                 This Amendment shall become effective on the Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions precedent:

 

(i)                                     The Administrative Agent shall have received multiple original counterparts, as requested by the Administrative Agent, of this Amendment duly and validly executed and delivered by duly authorized officers of the Borrower, the Guarantors, the Issuing Lender and the Lenders.

 

(ii)                                  No Default shall have occurred and be continuing as of the Effective Date.

 

(iii)                               The representations and warranties in this Amendment shall be true and correct in all material respects.

 

(iv)                              The Borrower shall have paid all costs and expenses which have been invoiced and are payable pursuant to Section 10.04 of the Credit Agreement.

 

Section 7.                                          Acknowledgments and Agreements.

 

(a)                                 The Borrower acknowledges that on the date hereof all Obligations are payable without defense, offset, counterclaim or recoupment.

 

(b)                                 The Administrative Agent, the Issuing Lender and the Lenders hereby expressly reserve all of their rights, remedies, and claims under the Loan Documents.  Nothing in this Amendment shall constitute a waiver or relinquishment of (i) any Default or Event of Default under any of the Loan Documents, (ii) any of the agreements, terms or conditions contained in any of the Loan Documents, (iii) any rights or remedies of the Administrative Agent, the Issuing Lender or any Lender with respect to the Loan Documents, or (iv) the rights of the Administrative Agent, the Issuing Lender or any Lender to collect the full amounts owing to them under the Loan Documents.

 

(c)                                  Each of the Borrower, the Administrative Agent, the Issuing Lender and the Lenders does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and the Borrower acknowledges and agrees that its liabilities and obligations under the Credit Agreement, as amended hereby, are not impaired in any respect by this Amendment.

 

(d)                                 From and after the Effective Date, all references to the Credit Agreement and the Loan Documents shall mean such Credit Agreement and such Loan Documents as amended by this Amendment.

 

(e)                                  This Amendment 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 Amendment shall be a Default or Event of Default, as applicable, under the Credit Agreement.

 

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Section 8.                                          Reaffirmation of Guaranty.  Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under its Guaranty are 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 Obligations, as such Obligations may have been amended by this Amendment, and its execution and delivery of this Amendment does not indicate or establish an approval or consent requirement by the Guarantor in connection with the execution and delivery of amendments, consents or waivers to the Credit Agreement or any of the other Loan Documents.

 

Section 9.                                          Counterparts.  This Amendment may be signed in any number of counterparts, each of which shall be an original and all of which, taken together, constitute a single instrument.  This Amendment may be executed by facsimile signature or signature delivered by other electronic means and all such signatures shall be effective as originals.

 

Section 10.                                   Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Credit Agreement.

 

Section 11.                                   Invalidity.  In the event that any one or more of the provisions contained in this Amendment shall for any reason be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Amendment.

 

Section 12.                                   Governing Law.  This Amendment shall be deemed to be a contract made under and shall be governed by and construed in accordance with the laws of the State of Texas.

 

Section 13.                                   RELEASE.  THE BORROWER ACKNOWLEDGES THAT ON THE DATE HEREOF ALL OBLIGATIONS ARE PAYABLE WITHOUT DEFENSE, OFFSET, COUNTERCLAIM OR RECOUPMENT.  IN ADDITION, EACH OF THE BORROWER, THE GUARANTORS AND EACH OF THEIR RESPECTIVE SUBSIDIARIES (FOR THEMSELVES AND THEIR RESPECTIVE SUCCESSORS, AGENTS, ASSIGNS, TRANSFEREES, OFFICERS, DIRECTORS, EMPLOYEES, SHAREHOLDERS, ATTORNEYS AND AGENTS) HEREBY RELEASES ANY AND ALL CLAIMS, CAUSES OF ACTION OR OTHER DISPUTES IT MAY HAVE AGAINST THE ADMINISTRATIVE AGENT, THE ISSUING LENDER, ANY OF THE LENDERS, LEGAL COUNSEL TO THE ADMINISTRATIVE AGENT, THE ISSUING LENDER OR ANY OF THE LENDERS, CONSULTANTS HIRED BY ANY OF THE FOREGOING, OR ANY OF THEIR RESPECTIVE AFFILIATES, SUBSIDIARIES, SHAREHOLDERS, AGENTS, DIRECTORS, OFFICERS, EMPLOYEES, REPRESENTATIVES, SUCCESSORS OR ASSIGNS OF ANY KIND OR NATURE ARISING OUT OF, RELATED TO, OR IN ANY WAY CONNECTED WITH, THE CREDIT AGREEMENT OR THE LOAN DOCUMENTS, IN EACH CASE WHICH MAY HAVE ARISEN ON OR BEFORE THE DATE OF THIS AMENDMENT.  EACH OF THE BORROWER, THE GUARANTORS AND THEIR RESPECTIVE SUBSIDIARIES HEREBY ACKNOWLEDGES THAT IT HAS READ THIS AMENDMENT AND HAS CONFERRED WITH ITS COUNSEL AND ADVISORS REGARDING ITS CONTENT, INCLUDING THIS SECTION 13, AND IS FREELY AND VOLUNTARILY ENTERING INTO THIS AMENDMENT, AND HEREBY AGREES TO WAIVE ANY CLAIM THAT THE TERMS

 

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OF THIS AMENDMENT (INCLUDING, WITHOUT LIMITATION, THE RELEASES CONTAINED HEREIN) ARE INVALID OR OTHERWISE UNENFORCEABLE.

 

Section 14.                                   Entire Agreement.  THIS AMENDMENT, THE CREDIT AGREEMENT AS AMENDED BY THIS AMENDMENT, THE NOTES, AND THE OTHER LOAN DOCUMENTS CONSTITUTE THE ENTIRE UNDERSTANDING AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.

 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

 

[signature pages follow]

 

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EXECUTED effective as of the date first above written.

 

 

	
BORROWER:
    	
BONANZA   CREEK ENERGY, INC.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Michael R. Starzer
    
	
 
    	
 
    	
Michael   R. Starzer
    
	
 
    	
 
    	
President &   Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
GUARANTORS:
    	
 
    	
 
    
	
 
    	
BONANZA   CREEK ENERGY OPERATING COMPANY, 
   LLC
    
	
 
    	
By:
    	
Bonanza   Creek Energy, Inc., its Manager
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Michael R. Starzer
    
	
 
    	
 
    	
Michael   R. Starzer
    
	
 
    	
 
    	
President &   Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BONANZA   CREEK ENERGY RESOURCES,
    
	
 
    	
LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Michael R. Starzer
    
	
 
    	
 
    	
Michael   R. Starzer
    
	
 
    	
 
    	
President &   Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BONANZA   CREEK ENERGY MIDSTREAM,
    
	
 
    	
LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Michael R. Starzer
    
	
 
    	
 
    	
Michael   R. Starzer
    
	
 
    	
 
    	
President &   Chief Executive Officer
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
 
    	
BONANZA   CREEK ENERGY UPSTREAM
    
	
 
    	
LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Michael R. Starzer
    
	
 
    	
 
    	
Michael   R. Starzer
    
	
 
    	
 
    	
President &   Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
HOLMES   EASTERN COMPANY, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
   /s/   Michael R. Starzer
    
	
 
    	
 
    	
Michael   R. Starzer
    
	
 
    	
 
    	
President &   Chief Executive Officer
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
ADMINISTRATIVE AGENT/
    	
 
    	
 
    
	
ISSUING LENDER/LENDER:
    	
KEYBANK   NATIONAL ASSOCIATION, as Administrative Agent, Issuing   Lender, and a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Chulley Bogle
    
	
 
    	
Name:
    	
Chulley   Bogle
    
	
 
    	
Title:
    	
Vice   President
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
COMPASS   BANK, as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James Neblett
    
	
 
    	
Name:
    	
James   Neblett
    
	
 
    	
Title:
    	
Vice   President
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
SOCIÉTÉ   GÉNÉRALE, as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Elena Robciuc
    
	
 
    	
Name:
    	
Elena   Robciuc
    
	
 
    	
Title:
    	
Director
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
BMO   HARRIS FINANCING, INC., as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Gumaro Tijerina
    
	
 
    	
Name:
    	
Gumaro   Tijerina
    
	
 
    	
Title:
    	
Director
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
WELLS   FARGO BANK. N.A., as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jonathan Herrick
    
	
 
    	
Name:
    	
Jonathan   Herrick
    
	
 
    	
Title:
    	
Assistant   Vice President
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
JPMORGAN   CHASE BANK, N.A., as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David Morris
    
	
 
    	
Name:
    	
David   Morris
    
	
 
    	
Title:
    	
Authorized   Officer
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

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

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
CADENCE   BANK, N.A., as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Broussard
    
	
 
    	
Name:   
    	
Eric   Broussard
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
IBERIABANK,   as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Cameron D. Jones
    
	
 
    	
Name:
    	
Cameron   D. Jones
    
	
 
    	
Title:
    	
Vice   President
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.

 

 

	
LENDER:
    	
THE   BANK OF NOVA SCOTIA, as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Terry Donovan
    
	
 
    	
Name:
    	
Terry   Donovan
    
	
 
    	
Title:
    	
Managing   Director
    

 

Signature Page to Amendment No. 5

Bonanza Creek Energy, Inc.EXHIBIT 10.1

	
 
    

 

FIFTH AMENDMENT

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

AMONG

 

LAREDO PETROLEUM, INC.,

as Borrower,

 

WELLS FARGO BANK, N.A.,

as Administrative Agent,

 

THE GUARANTORS SIGNATORY HERETO,

 

AND

 

THE BANKS SIGNATORY HERETO

	
 
    

 

 

FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

This FIFTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Fifth Amendment”), dated as of November 7, 2012 (the “Fifth Amendment Effective Date”), is among LAREDO PETROLEUM, INC., a corporation formed under the laws of the State of Delaware (“Borrower”); each of the undersigned guarantors (the “Guarantors”, and together with Borrower, the “Obligors”); each of the Banks that is a party to the Credit Agreement referred to below on the date hereof; and WELLS FARGO BANK, N.A., as administrative agent for the Banks (in such capacity, together with its successors, “Administrative Agent”).

 

Recitals

 

A.                                    Borrower, Administrative Agent and the Banks are parties to that certain Third Amended and Restated Credit Agreement dated as of July 1, 2011 (as amended prior to the date hereof, the “Credit Agreement”), pursuant to which the Banks have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of Borrower.

 

B.                                    The parties hereto desire to (i) amend certain terms of the Credit Agreement as set forth herein, and (ii) establish a Borrowing Base of $825,000,000, in each case to be effective as of the Fifth Amendment Effective Date.

 

C.                                    Borrower has requested that Barclays Bank PLC, Citibank, N.A., Credit Suisse AG, Cayman Islands Branch, ING Capital LLC, and SunTrust Bank (each a “New Bank” and, collectively, the “New Banks”) become Banks hereunder with Maximum Credit Amounts as shown on Schedule 1 to the Credit Agreement (as amended hereby).

 

D.                                    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 which is defined in the Credit Agreement, but which is not defined in this Fifth Amendment, shall have the meaning ascribed to such term in the Credit Agreement (as amended hereby).  Unless otherwise indicated, all section references in this Fifth Amendment refer to the Credit Agreement.

 

Section 2.                                           Amendments to Credit Agreement.  In reliance on the representations, warranties, covenants and agreements contained in this Fifth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the Credit Agreement shall be amended effective as of the Fifth Amendment Effective Date in the manner provided in this Section 2.

 

2.1                               Amended Definitions.  The definitions of “Excluded Taxes” and “Governmental Authority” contained in Section 1.1 of the Credit Agreement are hereby amended and restated in their entirety to read in full as follows:

 

1

 

“Excluded Taxes” means, with respect to the Administrative Agent, any Bank, any Participant, any Assignee or any other recipient of any payment to be made by or on account of any obligation of Borrower or any guarantor hereunder or under any other Loan Papers, (a) taxes imposed on (or measured by) its net income, and franchise taxes (including the Texas Margin Tax) imposed on it (in lieu of net income taxes), in each case by the United States of America or such other jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Bank, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which Borrower or any guarantor is located, (c) in the case of a Bank, Participant or Assignee described in Section 3.4, any withholding tax attributable to such Persons’ failure to comply with its representations, covenants or obligations set forth in Section 3.4, except to the extent that such Bank, Participant or Assignee was entitled, at the time of designation of a new lending office (or Assignment or Participation) to receive additional amounts with respect to such withholding tax pursuant to the second sentence of Section 13.6, and (d) any U.S. federal withholding taxes imposed under FATCA.

 

“Governmental Authority” means any court or governmental department, commission, board, bureau, agency or instrumentality of any nation or of any province, state, commonwealth, nation, territory, possession, county, parish or municipality, whether now or hereafter constituted or existing (including any central bank or any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank).

 

2.2                               Amendment to Section 3.4 of the Credit Agreement.  Section 3.4 of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows:

 

Section 3.4                                    Foreign Banks, Participants, and Assignees.  Each Bank, Participant (by accepting a participation interest under this Agreement), and Assignee (by executing an Assignment and Assumption Agreement) that is not organized under the Laws of the United States of America or one of its states (a) represents to Administrative Agent and Borrower that (i) no Taxes are required to be withheld by Administrative Agent or Borrower with respect to any payments to be made to it in respect of the Obligations, and (ii) it has furnished to Administrative Agent and Borrower two (2) duly completed copies of either U.S. Internal Revenue Service Form W-8, or other form acceptable to Administrative Agent that entitles it to exemption from U.S. federal withholding Tax on all interest payments under the Loan Papers, and (b) covenants to (i) provide Administrative Agent and Borrower a new Form W-8, or other form acceptable to Administrative Agent upon the expiration or obsolescence of any previously delivered form according to applicable Laws and regulations, duly executed and completed by it, and (ii) comply from time to time with all applicable Laws and regulations with regard to the withholding Tax exemption.  If any of the foregoing is not true or the applicable forms are not provided, then Borrower and Administrative Agent (but without duplication) may deduct and withhold from

 

2

 

interest payments under the Loan Papers any United States federal-income Tax at the maximum rate under the Code.  Notwithstanding the foregoing, the representation regarding the exemption from withholding Taxes and delivery of forms and the covenant with respect to delivery of new forms and compliance with applicable Laws and regulations shall not apply with respect to FATCA.

 

2.3                               Amendment to Section 13.5 of the Credit Agreement.  Section 13.5(a) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows:

 

(a)                                 impose, modify or deem applicable any reserve, special deposit, compensatory loan, deposit insurance, capital adequacy, liquidity requirement, minimum capital, capital ratio or similar requirement against all or any assets held by, deposits or accounts with, credit extended by or to, or commitments to extend credit or any other acquisition of funds by any Bank (or its Lending Office), or impose on any Bank (or its Lending Office) any other condition, with respect to the maintenance by such Bank of all or any part of its Commitment; or

 

2.4                               Amendment to Section 13.6 of the Credit Agreement.  Section 13.6 of the Credit Agreement is hereby amended to (a) add “(a)” at the beginning of the first paragraph contained in such Section so that such paragraph becomes clause (a) of Section 13.6 of the Credit Agreement, and (b) add a new clause (b) thereto immediately following clause (a) thereto, which clause (b) shall read in full as follows:

 

(b)                                 Each Bank shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Bank (but only to the extent that Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), and (ii) any Excluded Taxes attributable to such Bank, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Paper, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Bank by the Administrative Agent shall be conclusive absent manifest error.  Each Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Bank under any Loan Paper or otherwise payable by the Administrative Agent to the Bank from any other source against any amount due to the Administrative Agent under this paragraph (b).

 

2.5                               Amendment to Section 14.8 of the Credit Agreement.  The first sentence of Section 14.8(c) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows:

 

“(c)                            Each Bank may make assignments to the Federal Reserve Bank or any central bank having jurisdiction over such Lender.”

 

3

 

2.6                               Amendment to Schedule 1 to the Credit Agreement; Branch Banking and Trust Company.  (a)                   The first table contained in Schedule 1 to the Credit Agreement is hereby amended and restated in its entirety as follows:

 

	
Bank
    	
 
    	
Maximum Credit
   Amount
    	
 
    	
Commitment
   Percentage
    	
 
    
	
Wells Fargo Bank, N.A.
    	
 
    	
$
    	
242,424,242.58
    	
 
    	
12.12121212
    	
%
    
	
Bank of America, N.A.
    	
 
    	
$
    	
169,696,969.68
    	
 
    	
8.48484848
    	
%
    
	
JPMorgan Chase Bank, N.A.
    	
 
    	
$
    	
169,696,969.68
    	
 
    	
8.48484848
    	
%
    
	
Union Bank, N.A.
    	
 
    	
$
    	
151,515,151.50
    	
 
    	
7.57575758
    	
%
    
	
BMO Harris Financing, Inc.
    	
 
    	
$
    	
151,515,151.50
    	
 
    	
7.57575758
    	
%
    
	
Societe Generale
    	
 
    	
$
    	
130,909,090.90
    	
 
    	
6.54545455
    	
%
    
	
Bank of Scotland plc
    	
 
    	
$
    	
130,909,090.90
    	
 
    	
6.54545455
    	
%
    
	
The Bank of Nova Scotia
    	
 
    	
$
    	
130,909,090.90
    	
 
    	
6.54545455
    	
%
    
	
Capital One, National Association
    	
 
    	
$
    	
130,909,090.90
    	
 
    	
6.54545455
    	
%
    
	
Compass Bank
    	
 
    	
$
    	
130,909,090.90
    	
 
    	
6.54545455
    	
%
    
	
Comerica Bank
    	
 
    	
$
    	
84,848,484.84
    	
 
    	
4.24242424
    	
%
    
	
BOKF, NA DBA Bank of Oklahoma
    	
 
    	
$
    	
72,727,272.72
    	
 
    	
3.63636364
    	
%
    
	
Branch Banking and Trust Company
    	
 
    	
$
    	
72,727,272.72
    	
 
    	
3.63636364
    	
%
    
	
Goldman Sachs Bank USA
    	
 
    	
$
    	
48,484,848.48
    	
 
    	
2.42424242
    	
%
    
	
Barclays Bank PLC
    	
 
    	
$
    	
36,363,636.36
    	
 
    	
1.81818182
    	
%
    
	
Citibank, N.A.
    	
 
    	
$
    	
36,363,636.36
    	
 
    	
1.81818182
    	
%
    
	
Credit Suisse AG, Cayman Islands Branch
    	
 
    	
$
    	
36,363,636.36
    	
 
    	
1.81818182
    	
%
    
	
ING Capital LLC
    	
 
    	
$
    	
36,363,636.36
    	
 
    	
1.81818182
    	
%
    
	
SunTrust Bank
    	
 
    	
$
    	
36,363,636.36
    	
 
    	
1.81818182
    	
%
    
	
Totals:
    	
 
    	
$
    	
2,000,000,000.00
    	
 
    	
100
    	
%
    

 

(b)                                 On the Fifth Amendment Effective Date, each Bank the Commitment Percentage of which is increasing pursuant to this Fifth Amendment shall purchase a pro rata portion of the outstanding Revolving Loans (and participations in Letters of Credit) of each of the Banks the Commitment Percentages of which are decreasing pursuant hereto (and such Banks hereby agree to sell and to take all such further action to effectuate such sale) such that each Bank shall hold its applicable Commitment Percentage of the outstanding Revolving Loans (and participations in Letters of Credit) after giving effect to the increase in the aggregate Maximum Credit Amounts. For the sake of clarity, the sale and purchase of such Revolving Loans (and participations in

 

4

 

Letters of Credit) shall not result in any obligation on the part of Borrower under Section 3.3 of the Agreement.

 

(c)                                  The Borrower, each Guarantor, the Administrative Agent and each Bank acknowledge and agree that Branch Banking and Trust Company is a Bank for all purposes of the Loan Papers and that each reference in the Loan Papers to such Bank as “Branch Banking and Trust” without the word “Company” is intended to be, and shall be deemed to be, a reference to “Branch Banking and Trust Company”.

 

Section 3.                                           Omnibus Amendment to Loan Papers Regarding Buildings, etc.  Notwithstanding anything in any Loan Paper to the contrary, (a) in no event shall the defined terms “Collateral”, “Realty Collateral” or any similar defined term describing any interest in any asset or property pledged by any Credit Party pursuant to the Loan Papers to secure the Obligations include any Building (as defined in the applicable Flood Insurance Regulations (as defined below)) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulations) and (b) no Building or Manufactured (Mobile) Home shall be subject to any Lien created by any Loan Papers.  Each Bank and Letter of Credit Issuer hereby empowers and authorizes Administrative Agent to execute and deliver any and all releases of Liens, termination statements, mortgage amendments or other documents required to effectuate the foregoing.  As used herein, “Flood Insurance Regulations” means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

 

Section 4.                                           Borrowing Base.  In reliance on the representations, warranties, covenants and agreements contained in this Fifth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the Borrowing Base shall be redetermined to be, effective as of the Fifth Amendment Effective Date, $825,000,000 and shall remain at $825,000,000 until the next Determination or other adjustment to the Borrowing Base under the Credit Agreement thereafter.  Borrower and Banks agree that the Determination provided for in this Section 4 will constitute the November 1, 2012 Periodic Determination for the purposes of the Credit Agreement and shall not be construed or deemed to be a Special Determination for purposes of the Credit Agreement.

 

Section 5.                                           Conditions Precedent.  The effectiveness of this Fifth Amendment is subject to the following:

 

5.1                               Administrative Agent shall have received counterparts of this Fifth Amendment from the Obligors and each of the Banks (including the New Banks).

 

5.2                               Administrative Agent shall have received a Note payable to the order of each Bank in the amount of such Bank’s Maximum Credit Amount as indicated on Schedule 1 to the Credit Agreement (as amended hereby), in each case duly executed and delivered by Borrower.

 

5

 

5.3                               Contemporaneously with the effectiveness of the increase of the Borrowing Base contained in Section 4 hereof, Borrower shall pay to Administrative Agent, for the benefit of the Banks, a Borrowing Base increase fee equal to 40 basis points (0.40%) on the amount by which the Borrowing Base as established in Section 4 hereof exceeds the Borrowing Base that was in effect immediately prior to the establishment of the new Borrowing Base pursuant to Section 4 hereof (the “Increase”).  Such fee shall be distributed by Administrative Agent to the Banks in accordance with the portion of the Increase attributable to each such Bank (calculated based on the amount by which such Bank’s Commitment Percentage of the Borrowing Base as established in Section 4 hereof exceeds such Bank’s Commitment Percentage of the Borrowing Base, if any, that was in effect immediately prior to the establishment of the new Borrowing Base pursuant to Section 4 hereof).

 

5.4                               Administrative Agent shall have received such other documents as Administrative Agent or special counsel to Administrative Agent may reasonably request.

 

Administrative Agent shall notify Borrower and the Banks of the effectiveness of this Fifth Amendment, and such notice shall be conclusive and binding.  Promptly upon receipt of any replacement Note under Section 5.2 hereof, each Bank shall return to Administrative Agent (for delivery to Borrower for cancellation) any other Note in such Bank’s possession that was previously delivered to such Bank under the Credit Agreement.

 

Section 6.                                           New Banks.  Each New Bank hereby joins in, becomes a party to, and agrees to comply with and be bound by the terms and conditions of the Credit Agreement as a Bank thereunder and under each and every other Loan Paper to which any Bank is required to be bound by the Credit Agreement, to the same extent as if such New Bank were an original signatory thereto.  Each New Bank hereby appoints and authorizes Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated to Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto.  Each New Bank represents and warrants that (a) it has full power and authority, and has taken all action necessary, to execute and deliver this Fifth Amendment, to consummate the transactions contemplated hereby and to become a Bank under the Credit Agreement, (b) it has received a copy of the Credit Agreement and copies of the most recent financial statements delivered pursuant to Section 8.1 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Fifth Amendment and to become a Bank on the basis of which it has made such analysis and decision independently and without reliance on Administrative Agent or any other Bank, and (c) from and after the Fifth Amendment Effective Date, it shall be a party to and be bound by the provisions of the Credit Agreement and the other Loan Papers and have the rights and obligations of a Bank thereunder.

 

Section 7.                                           Representations and Warranties; Etc.  Each Obligor hereby affirms: (a) that as of the date hereof, all of the representations and warranties contained in each Loan Paper to which such Obligor is a party are true and correct in all material respects as though made on and as of the date hereof (unless made as of a specific earlier date, in which case, was true as of such date), (b) no Defaults exist under the Loan Papers or will, after giving effect to this Fifth Amendment, exist under the Loan Papers and (c) no Material Adverse Change has occurred.

 

6

 

Section 8.                                           Miscellaneous.

 

8.1                               Confirmation and Effect.  The provisions of the Credit Agreement (as amended by this Fifth Amendment) shall remain in full force and effect in accordance with its terms following the effectiveness of this Fifth Amendment.  Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

 

8.2                               Ratification and Affirmation of Obligors.  Each of the Obligors hereby expressly (a) acknowledges the terms of this Fifth Amendment, (b) ratifies and affirms its obligations under the Facility Guaranty and the other Loan Papers to which it is a party, (c) acknowledges, renews and extends its continued liability under the Facility Guaranty and the other Loan Papers to which it is a party and (d) agrees that its guarantee under the Facility Guaranty and the other Loan Papers to which it is a party remains in full force and effect with respect to the Obligations as amended hereby.

 

8.3                               Counterparts.  This Fifth 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 Fifth Amendment by facsimile or electronic (e.g. pdf) transmission shall be effective as delivery of a manually executed original counterpart hereof.

 

8.4                               No Oral Agreement.  This written Fifth Amendment, the Credit Agreement and the other Loan Papers executed in connection herewith and therewith represent the final agreement between 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.

 

8.5                               Governing Law.  This Fifth 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 New York.

 

8.6                               Payment of Expenses.  Borrower agrees to pay or reimburse Administrative Agent for all of its out-of-pocket costs and expenses incurred in connection with this Fifth Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to Administrative Agent.

 

8.7                               Severability.  Any provision of this Fifth Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

7

 

8.8                               Successors and Assigns.  This Fifth Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

8.9                               Loan Paper.  This Fifth Amendment shall constitute a “Loan Paper” for all purposes under the other Loan Papers.

 

[signature pages follow]

 

8

 

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

 

 

	
BORROWER:
    	
LAREDO   PETROLEUM, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   W. Mark Womble
    
	
 
    	
 
    	
W.   Mark Womble
    
	
 
    	
 
    	
Senior Vice President, Chief Financial 
   Officer and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
GUARANTORS:
    	
LAREDO PETROLEUM   HOLDINGS, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   W. Mark Womble
    
	
 
    	
 
    	
W.   Mark Womble
    
	
 
    	
 
    	
Senior Vice President, Chief Financial 
   Officer and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
LAREDO   PETROLEUM TEXAS, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   W. Mark Womble
    
	
 
    	
 
    	
W.   Mark Womble
    
	
 
    	
 
    	
Senior Vice President, Chief Financial 
   Officer and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
LAREDO   GAS SERVICES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   W. Mark Womble
    
	
 
    	
 
    	
W.   Mark Womble
    
	
 
    	
 
    	
Senior Vice President, Chief Financial 
   Officer and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
LAREDO   PETROLEUM — DALLAS, INC.,
    
	
 
    	
f/k/a   Broad Oak Energy, Inc.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   W. Mark Womble
    
	
 
    	
 
    	
W.   Mark Womble
    
	
 
    	
 
    	
Senior Vice President, Chief Financial 
   Officer and Secretary
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
WELLS   FARGO BANK, N.A.,
    
	
 
    	
as   Administrative Agent and as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Jason M. Hicks
    
	
 
    	
 
    	
Jason   M. Hicks
    
	
 
    	
 
    	
Managing   Director
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BANK   OF AMERICA, N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Margaret Niekrash
    
	
 
    	
Name:   
    	
Margaret   Niekrash
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
JPMORGAN   CHASE BANK, N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mark E. Olson
    
	
 
    	
Name:   
    	
Mark   E. Olson
    
	
 
    	
Title:
    	
Authorized   Officer
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SOCIETE   GENERALE, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   David Bornstein
    
	
 
    	
Name:   
    	
David   Bornstein
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
UNION   BANK, N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   David Carter
    
	
 
    	
Name:   
    	
David   Carter
    
	
 
    	
Title:
    	
Investment   Banking Officer
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BMO   HARRIS FINANCING, INC., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Gumaro Tijerina
    
	
 
    	
Name:   
    	
Gumaro   Tijerina
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BANK   OF SCOTLAND plc, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Stephen Giacolone
    
	
 
    	
Name:   
    	
Stephen   Giacolone
    
	
 
    	
Title:
    	
Assistant   Vice President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   BANK OF NOVA SCOTIA, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mark Sparrow
    
	
 
    	
Name:   
    	
Mark   Sparrow
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CAPITAL   ONE, NATIONAL ASSOCIATON, as 
   a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Matthew L. Molero
    
	
 
    	
Name:   
    	
Matthew   L. Molero
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COMPASS   BANK, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Kathleen J. Bowen
    
	
 
    	
Name:   
    	
Kathleen   J. Bowen
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BOKF,   NA dba BANK OF OKLAHOMA, 
   as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Pam P. Schloeder
    
	
 
    	
Name:   
    	
Pam   P. Schloeder
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BRANCH   BANKING AND TRUST 
   COMPANY, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   James Giordano
    
	
 
    	
Name:   
    	
James   Giordano
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COMERICA   BANK, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   John S. Lesikar
    
	
 
    	
Name:   
    	
John   S. Lesikar
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
GOLDMAN   SACHS BANK USA, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Michelle Latzoni
    
	
 
    	
Name:   
    	
Michelle   Latzoni
    
	
 
    	
Title:
    	
Authorized   Signatory
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BARCLAYS   BANK PLC, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Michael J. Mozer
    
	
 
    	
Name:   
    	
Michael   J. Mozer
    
	
 
    	
Title:
    	
Vice   President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CITIBANK,   N.A., as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Larry Holden
    
	
 
    	
Name:   
    	
Larry   Holden
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CREDIT   SUISSE AG, CAYMAN ISLANDS 
   BRANCH, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Doreen Barr
    
	
 
    	
Name:   
    	
Doreen   Barr
    
	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Michael Spaight
    
	
 
    	
Name:   
    	
Michael   Spaight
    
	
 
    	
Title:
    	
Associate
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
ING   CAPITAL LLC, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Charles Hall
    
	
 
    	
Name:   
    	
Charles   Hall
    
	
 
    	
Title:
    	
Managing   Director
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SUNTRUST   BANK, as a Bank
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Scott Mackey
    
	
 
    	
Name:   
    	
Scott   Mackey
    
	
 
    	
Title:
    	
Director
    

 

SIGNATURE PAGE TO FIFTH AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]