Document:

Exhibit

Exhibit 4.8
DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934

As of February [25], 2020, QEP Resources, Inc. has one class of securities, our common stock, par value $0.01 per share (our “common stock”), registered under Section 12 of the Securities Exchange Act of 1934, as amended.
The following description of our common stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our Amended and Restated Certificate of Incorporation, dated as of May 15, 2018 (our “Certificate of Incorporation”), and our Amended and Restated Bylaws, dated as of May 14, 2019 (our “Bylaws”), each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.[8] is a part. We encourage you to read our Certificate of Incorporation, our Bylaws and the applicable provisions of the General Corporation Law of the State of Delaware (“DGCL”) for additional information.
Authorized Capital Shares. We are authorized to issue up to 500,000,000 shares of common stock and 10,000,000 shares of preferred stock, $0.01 par value per share.
Dividends. The holders of our common stock are entitled to receive dividends when, as and if declared by our board of directors, out of funds legally available for their payment subject to the rights of holders of any preferred stock outstanding. 
Voting Rights. The holders of our common stock are entitled to one vote per share on all matters submitted to a vote of stockholders and do not have cumulative voting rights. Our board of directors is not classified and each member is elected annually. Our Bylaws provide for directors in uncontested director elections to be elected by a simple majority vote.  Except as otherwise provided by the rules and regulations applicable to us or our securities, all other matters submitted to a vote of stockholders are determined by the affirmative vote of a majority of the outstanding voting power of the shares entitled to vote on the matter.
Rights Upon Liquidation. In the event of our voluntary or involuntary liquidation, dissolution or winding up, the holders of our common stock will be entitled to share equally in any of our assets available for distribution after the payment in full of all debts and distributions and after the holders of all series of outstanding preferred stock have received their liquidation preferences in full. 
Listing. Our common stock is listed on The New York Stock Exchange under the trading symbol “QEP.”
Miscellaneous. The outstanding shares of our common stock are fully paid and nonassessable. The holders of our common stock are not entitled to preemptive or redemption 

US-DOCS\113844991.3

rights and our common stock has no sinking fund provision. Shares of our common stock are not convertible into shares of any other class of capital stock. 
Delaware Anti-Takeover Law. We are subject to Section 203 of the DGCL, an anti-takeover law. In general, the statute prohibits a publicly held Delaware corporation from engaging in a business combination with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder. A “business combination” includes a merger, sale of 10% or more of a corporation’s assets and certain other transactions resulting in a financial benefit to the interested stockholder. For purposes of Section 203, an “interested stockholder” is defined to include any person that is:
		
	•
	the owner of 15% or more of the outstanding voting stock of the corporation;

		
	•
	an affiliate or associate of the corporation and was the owner of 15% or more of the corporation’s voting stock outstanding, at any time within three years immediately before the relevant date; and

		
	•
	an affiliate or associate of the persons described in the foregoing bullet points.

However, the above provisions of Section 203 do not apply if:
		
	•
	the corporation’s board approves the transaction that resulted in the stockholder becoming an interested stockholder before the date of that transaction;

		
	•
	after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned at least 85% of the corporation’s voting stock outstanding at the time the transaction commenced, excluding shares owned by the corporation’s officers and directors; or

		
	•
	on or subsequent to the date of the transaction, the business combination is approved by the corporation’s board and authorized at a meeting of the corporation’s stockholders by an affirmative vote of at least two-thirds of the outstanding voting stock not owned by the interested stockholder.

Stockholders may, by adopting an amendment to the corporation’s certificate of incorporation or bylaws, elect for the corporation not to be governed by Section 203, which amendment will generally be effective 12 months after adoption. Neither our amended and restated certificate of incorporation nor our amended and restated bylaws exempts us from the restrictions imposed under Section 203. It is anticipated that the provisions of Section 203 may encourage companies interested in acquiring us to negotiate in advance with our board.

US-DOCS\113844991.3Exhibit

Exhibit 10.2
FIRST AMENDMENT TO CREDIT AGREEMENT

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered into as of July 6, 2012, by and among QEP RESOURCES, INC., a Delaware corporation (the “Borrower”), the Lenders named on the signature pages hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”), L/C Issuer and Swing Line Lender. 
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of August 25, 2011 (the “Credit Agreement”); and 

WHEREAS, the Borrower and the undersigned Lenders have agreed to amend the Credit Agreement as set forth in Section 2 below.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

1.Definitions.  Unless otherwise defined in this Amendment, terms used in this Amendment which are defined in the Credit Agreement shall have the meanings assigned to such terms in the Credit Agreement.  The interpretive provisions set forth in Section 1.02 of the Credit Agreement shall apply to this Amendment.

2.Amendments to the Credit Agreement.  Subject to satisfaction of the condition set forth in Section 3 hereof, the Credit Agreement is hereby amended as follows:

(a)The definition of “Interest Period” in Section 1.01 of the Credit Agreement (Defined Terms) is hereby amended by replacing the phrase “one, two or three weeks” with the phrase “one or two weeks” in clause (a) thereof.
(b)Section 2.02(a) of the Credit Agreement (Borrowings, Conversions and Continuations of Loans) is hereby amended by replacing the phrase “one, two or three weeks” with the phrase “one or two weeks”.
(c)Section 3.04(b) of the Credit Agreement (Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loans) is hereby amended by replacing the phrase “regarding capital requirements” with the phrase “regarding capital or liquidity requirements,”.
(d)Section 5.07 of the Credit Agreement (Other Obligations and Restrictions) is hereby amended by (i) replacing the clause “Neither the Borrower nor any of its Restricted Subsidiaries” with the clause “As of the Closing Date, neither the Borrower nor any of its Restricted Subsidiaries” in the first sentence thereof and (ii) replacing the clause “Except as shown in the Audited Financial Statements or disclosed on Schedule 5.07” with the clause “As of the Closing Date, except as shown in the Audited Financial Statements or disclosed on Schedule 5.07” in the second sentence thereof.
(e)Section 6.01(b) of the Credit Agreement (Books, Financial Statements and Reports) is hereby amended by replacing the phrase “after the end of each fiscal quarter” with the phrase “after the end of each of the first three fiscal quarters of the Borrower”.

3.Conditions of Effectiveness.  The effectiveness of this Amendment is subject to the condition precedent that the Administrative Agent shall have received counterparts of this Amendment executed by the Borrower and the Required Lenders.

4.Representations and Warranties.  The Borrower hereby represents and warrants that:

(a)this Amendment has been duly authorized, executed and delivered by the Borrower and this Amendment and the Credit Agreement as modified hereby each constitutes a legal, valid and binding obligation of the Borrower enforceable in accordance with its respective terms, except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights or by general principles of equity, regardless of whether considered in a proceeding in equity or at law;

(b)the representations and warranties contained in Article V of the Credit Agreement are true and correct in all material respects (except that such materiality qualifier shall not be applicable to representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that the representations and warranties contained in clauses (a) and (b) of Section 5.06 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01; and  

(c)no Default or Event of Default exists on and as of the date hereof. 

5.Effect of Amendment.  This Amendment, except as expressly provided herein, shall not be deemed to be a consent to the modification or waiver of any other term or condition of the Credit Agreement.  Except as otherwise expressly provided by this Amendment, all of the terms, conditions and provisions of the Credit Agreement shall remain the same and the Credit Agreement, as amended hereby, shall continue in full force and effect.  From and after the date hereof, each reference in the Credit Agreement, including the schedules and exhibits thereto and the other documents delivered in connection therewith, to the “Credit Agreement,” “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, shall mean and be a reference to the Credit Agreement as amended hereby.

6.Miscellaneous.  This Amendment shall for all purposes be construed in accordance with and governed by the laws of the State of New York.  The captions in this Amendment are for convenience of reference only and shall not define or limit the provisions hereof.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Delivery of an executed counterpart of this Amendment by facsimile or in electronic form shall be effective as the delivery of a manually executed counterpart.  This Amendment shall be a “Loan Document” as defined in the Credit Agreement.

7.Entire Agreement.  THE CREDIT AGREEMENT (AS AMENDED BY THIS AMENDMENT) AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

[SIGNATURES PAGES FOLLOW]

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

QEP RESOURCES, INC., as the Borrower

By:  /s/ Richard J. Doleshek    
Name: Richard J. Doleshek
Title: Executive VP & CFO

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, L/C Issuer, Swing Line Lender and a Lender
By: /s/ Leanne S. Phillips    
Name: Leanne S. Phillips
Title: Director

BMO CAPITAL MARKETS FINANCING, INC., as a Lender
By: /s/ Kevin Utsey    
Name: Kevin Utsey
Title: Director

DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender
By: /s/ Marcus M. Tarkington    
Name: Marcus M. Tarkington
Title: Director

By: /s/ Evelyn Thierry    
Name: Evelyn Thierry
Title: Director

JPMORGAN CHASE BANK, N.A., as a Lender
By: /s/ Marshall Trenckmann    
Name: Marshall Trenckmann
Title: Vice President

U.S. BANK NATIONAL ASSOCIATION, as a Lender
By: /s/ John C. Lozano    
Name: John C. Lozano
Title: Vice President

AMEGY BANK NATIONAL ASSOCIATION, as a Lender
By: /s/ Charles Troeger    
Name: Charles Troeger
       Title: Vice President

BRANCH BANKING AND TRUST COMPANY, as a Lender
By: /s/ Parul June    
Name: Parul June
       Title: Vice President

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
By: /s/ Maria Ferradas    
Name: Maria Ferradas
       Title: Vice President

CIBC, INC., as a Lender
By: /s/ Trudy Nelson    
Name: Trudy Nelson
       Title: Authorized Signatory
By: /s/ Richard Antl    
Name: Richard Antl
       Title: Authorized Signatory 

CITIBANK, N.A., as a Lender
By: /s/ John Miller    
Name: John Miller
       Title: Vice President

COMERICA BANK, as a Lender
By: /s/ Katya Evseev    
Name: Katya Evseev
       Title: Corporate Banking Officer

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

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
By: /s/ Michael D. Willis    
Name: Michael D. Willis
       Title: Managing Director
By: /s/ Tom Byargeon    
Name: Tom Byargeon
       Title: Managing Director

DNB BANK ASA, GRAND CAYMAN BRANCH, as a Lender
By: /s/ Giacomo Landi    
Name: Giacomo Landi
       Title: Vice President
By: /s/ Andrea Ozbolt    
Name: Andrea Ozbolt
       Title: Vice President

EXPORT DEVELOPMENT CANADA, as a Lender
By: /s/ Richard Leong    
Name: Richard Leong
       Title: Asset Manager
By: /s/ Talai M. Kairouz    
Name: Talai M. Kairouz
       Title: Senior Asset Manager

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

MORGAN STANLEY BANK, N.A., as a Lender
By: /s/ Dmitriy Barskiy    
Name: Dmitriy Barskiy
       Title: Authorized Signatory

SUNTRUST BANK, as a Lender
By: /s/ Yann Pirio    
Name: Yann Pirio
       Title: Director

TORONTO DOMINION (NEW YORK) LLC, as a Lender
By: /s/ Kelly Hundal    
Name: Kelly Hundal
       Title: Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]