Document:

exv10w1

 

Exhibit 10.1

AMENDMENT NO. 5

TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

THIS AMENDMENT NO. 5 to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT (the “Amendment”),
dated to be effective as of April 1, 2008, is by and among PETROQUEST ENERGY, L.L.C., a Louisiana
limited liability company (“Borrower”); JPMORGAN CHASE BANK, N.A. (individually as a
lender and as agent, “Agent”); each of the Guarantors set forth on the signature pages
hereto and the financial institutions set forth on the signature pages hereto, (“Lenders”).

R E C I T A L S:

     WHEREAS, Borrower, PetroQuest Energy, Inc., a Delaware corporation (“Parent”), Agent,
Calyon New York Branch, as Syndication Agent; J.P. Morgan Securities, Inc., as Sole Lead Arranger
and Sole Book Runner, and the Lenders have entered into a Second Amended and Restated Credit
Agreement dated November 18, 2005 (as the same may have been and may hereafter be amended from time
to time, the “Credit Agreement”), pursuant to which Borrower amended and restated a
previously existing credit facility dated May 13, 2003; and

     WHEREAS, Borrower, Parent, Agent and the Lenders desire to amend the Credit Agreement as
herein set forth.

     NOW THEREFORE, in consideration of the premises herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

     1. Definitions. Except as otherwise provided below, unless the context hereof
indicates otherwise, all capitalized terms used herein shall have the same meaning as such
capitalized terms are defined in the Credit Agreement.

     2. Amendments to the Credit Agreement. The Credit Agreement is, subject to the
satisfaction of the conditions precedent set forth in Section 3 hereof, hereby amended as follows:

          (a) Section 2.2.1, Borrowing Base, of the Credit Agreement is hereby amended by
deleting the section in its entirety and substituting the following:

“2.2.1 Until the date as of which the Borrowing Base is next redetermined pursuant
to Section 2.2.2, the Borrowing Base shall be $95,000,000, as reduced by Section
2.2.5.”

          (b) Section 2.3, Termination, of the Credit Agreement is hereby amended in its
entirety to read as follows:

 

 

“2.3 Termination. The Aggregate Outstanding Credit Exposure and all other
unpaid Obligations shall be paid in full by the Borrower on the Facility Termination
Date; provided however, that Lender Rate Management Obligations arising under Rate
Management Contracts entered into prior to the Facility Termination Date may exist
and extend beyond such Facility Termination Date in accordance with the terms
thereof, provided such contracts shall not be for greater than twelve (12) months,
and in each case, upon the written agreement of the Agent, the Borrower and Lender
(or Affiliate thereof) party to each such Rate Management Contract certifying that
such Lender Rate Management Obligations are and remain, to the satisfaction of
Agent, fully secured by the applicable Collateral Documents.”

          (c) Clause (i) of Section 6.23, Rate Management Transactions, of the Credit Agreement
is hereby amended by deleting such clause in its entirety and substituting the following:

“(i) contracts entered into with the purpose of fixing prices on oil or gas
expected to be produced by the Borrower or its Subsidiaries, provided that at all
times: (a) no such contract fixes a price for a term of more than thirty-six (36)
months; (b) the aggregate notional quantities of oil or gas covered by all such
contracts for any month (determined, in the case of contracts that are not settled
on a monthly basis, by a monthly pro-ration acceptable to the Agent) does not exceed
(x) with respect to contracts fixing prices on oil (I) if such month is within
twelve (12) months of the time of determination, 100% of the Projected Oil
Production for such month, and (II) if such month is more than twelve (12) months
after the time of determination, 85% of the Projected Oil Production, (y) with
respect to contracts fixing prices on gas, (I) if such month is within twelve (12)
months of the time of determination, 100% of the Projected Gas Production for such
month, and (II) if such month is more than twelve (12) months after the time of
determination, 85% of the Projected Gas Production, and (z) with respect to
contracts fixing prices on natural gas liquids (I) if such month is within twelve
(12) months of the time of determination, 100% of the Projected Natural Gas Liquids
Production for such month, and (II) if such month is more than twelve (12) months
after the time of determination, 85% of the Projected Natural Gas Liquids
Production; and (c) each such contract is with a counterparty or has a guarantor of
the obligation of the counterparty who (unless such counterparty is a Lender or one
of its Affiliates) at the time such contract is made has (or whose holding company
has) long-term obligations rated BBB or better by S&P or Baa2 or better by Moody’s
or is an investment grade-rated industry participant. As used in this subsection,
the term “Projected Oil Production”, “Projected Gas Production” and “Projected
Natural Gas Liquids Production” means, in the case of each such commodity, the
projected production of oil, gas or natural gas liquids, as the case may be
(measured by volume unit, BTU equivalent or gallons, as applicable, not sales price)
for the term of the contracts or a particular month, as applicable, from Oil and Gas
Properties and interests owned by the Parent, the Borrower and their Subsidiaries
which are located in or offshore of the United

 

 

States of America and which have attributable to them PDP Reserves, as such
production is determined by the Agent using the most recent Reserve Report delivered
pursuant to Section 6.1, after deducting projected production from any properties or
interests sold or under contract for sale that had been included in such report and
after adding projected production from any properties or interests that had not been
reflected as PDP Reserves in such report but that are reflected in a separate or
supplemental reports meeting the requirements of Section 6.1 above and otherwise are
satisfactory to the Agent (including any production that is newly classified in such
separate or supplemental report as PDP Reserves which was previously reflected as
some other category of Reserves); and”.

     3. Conditions Precedent to Effectiveness of Amendment. This Amendment shall become
effective when, and only when, each of the conditions below has been complied with to the
satisfaction of the Agent and the Lenders and the documents required below have been delivered to
the Agent and the Lenders:

          (a) Counterparts of this Amendment duly executed by Borrower, Guarantors and Lenders;

          (b) A copy of the resolutions approving this Amendment, and authorizing the
transactions contemplated herein duly adopted by the Managers of Borrower, accompanied by a
certificate of the duly authorized Secretary of Borrower, certifying that such copy is a
true and correct copy of the resolutions duly adopted by the Managers of Borrower, and that
such resolutions constitute all the resolutions adopted with respect to such transactions,
and have not been amended, modified or revoked in any respect and are in full force and
effect as of the date hereof;

          (c) A copy of the resolutions approving this Amendment, and authorizing the
transactions contemplated herein duly adopted by the Board of Directors or Members of each
Guarantor, as the case may be, accompanied by a certificate of the duly authorized Secretary
of such Guarantor, certifying that such copy is a true and correct copy of the resolutions
duly adopted by the Board of Directors or Members of such Guarantor, and that such
resolutions constitute all the resolutions adopted with respect to such transactions, and
have not been amended, modified or revoked in any respect and are in full force and effect
as of the date hereof;

          (d) Payment of all fees required to be paid to the Lenders in connection with this
Amendment;

          (e) Payment by Borrower of the fees and expenses of counsel to Lenders in connection
with the preparation and negotiation of this Amendment and all documents and instruments
contemplated hereby; and

          (f) The execution and delivery of such additional documents and instruments which the
Agent and its counsel may deem necessary to effectuate this Amendment or any document
executed and delivered to Lenders in connection herewith or therewith.

 

 

     4. Representations and Warranties of Borrower. Each of Parent and Borrower represents
and warrants as follows:

          (a) Borrower and Guarantors are each duly authorized and empowered to execute, deliver
and perform this Amendment and all other instruments referred to or mentioned herein to
which it is a party, and all action on its part requisite for the due execution, delivery
and the performance of this Amendment has been duly and effectively taken. This Amendment,
when executed and delivered, will constitute valid and binding obligations of Borrower and
Guarantors, as the case may be, enforceable against such party in accordance with its terms.
This Amendment does not violate any provisions of the Articles of Organization or limited
liability agreement of Borrower, the Certificate of Incorporation or By-Laws or such other
corporate governing documents of any Guarantor, or any contract, agreement, law or
regulation to which Borrower or Guarantors are subject, and does not require the consent or
approval of any regulatory authority or governmental body of the United States or any state;

          (b) After giving affect to this Amendment, the representations and warranties contained
in the Credit Agreement, as amended hereby, and any other Loan Document executed in
connection herewith or therewith, are true, correct and complete on and as of the date
hereof as though made on and as of the date hereof; and

          (c) After giving affect to this Amendment, no event has occurred and is continuing
which constitutes a Default or Unmatured Default.

     5. Reference to and Effect on the Loan Documents.

          (a) Upon the satisfaction of the conditions contained in Section 3 hereof each
reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or
words of like import, and each such reference in the Loan Documents shall mean and be a
reference to the Credit Agreement as amended hereby.

          (b) Except as specifically amended above, the Credit Agreement, the Notes, and all
other instruments securing or guaranteeing Borrower’s obligations to Lenders, including the
Collateral Documents, as amended (collectively, the “Security Instruments”), shall
remain in full force and effect and are hereby ratified and confirmed. Without limiting the
generality of the foregoing, the Security Instruments and all collateral described therein
do and shall continue to secure the payment of all obligations of Borrower and Guarantors
under the Credit Agreement, as amended hereby, and the Notes, and under the other Security
Instruments.

          (c) Each of the Guarantors hereby expressly (i) acknowledges the terms of this
Amendment; (ii) ratifies and affirms its obligations under its Guaranty Agreement dated
November 18, 2005, in favor of the Agent and the Lenders; (iii) acknowledges, renews and
extends its continued liability under its Guaranty Agreement and agrees that its Guaranty
Agreement remains in full force and effect; and (iv) guarantees to the Agent

 

 

and the Lenders to promptly pay when due all amounts owing or to be owing by it under
its Guaranty Agreement pursuant to the terms and conditions thereof.

          (d) The execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of Agent or any Lender under any of the Security
Instruments, nor constitute a waiver of any provision of any of the Security Instruments.

     6. Waiver. As additional consideration for the execution, delivery and performance of
this Amendment by the parties hereto and to induce Lenders to enter into this Amendment, Borrower
and Guarantors each warrants and represents to Lenders that, to the knowledge of Borrower and
Guarantors, no facts, events, statuses or conditions exist or have existed which, either now or
with the passage of time or giving of notice, or both, constitute or will constitute a basis for
any claim or cause of action against Lenders or any defense to (i) the payment of any obligations
and indebtedness under the Notes and/or the Security Instruments, or (ii) the performance of any of
its obligations with respect to the Notes and/or the Security Instruments, and in the event any
such facts, events, statuses or conditions exist or have existed, Borrower and Guarantors each
unconditionally and irrevocably waive any and all claims and causes of action against Agent and
Lenders and any defenses to its payment and performance obligations in respect to the Notes and the
Security Instruments arising prior to the date of this Amendment.

     7. Costs and Expenses. Borrower agrees to pay on demand all costs and expenses of
Lenders in connection with the preparation, reproduction, execution and delivery of this Amendment
and the other instruments and documents to be delivered hereunder, including the reasonable fees
and out-of-pocket expenses of counsel for Lenders. In addition, Borrower shall pay any and all
fees payable or determined to be payable in connection with the execution and delivery, filing or
recording of this Amendment and the other instruments and documents to be delivered hereunder, and
agrees to save Lenders harmless from and against any and all liabilities with respect to or
resulting from any delay in paying or omitting to pay such fees.

     8. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument.

     9. Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the State of Texas.

     10. Final Agreement. THIS WRITTEN AMENDMENT REPRESENTS 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.

[Remainder of Page Intentionally Left Blank]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed in
multiple counterparts, each of which is an original instrument for all purposes, all as of the 22nd
day of April, 2008.

	 	 	 	 	 
	 	“Borrower”

PETROQUEST ENERGY, L.L.C.

By: PetroQuest Energy Inc., its sole member

 	 
	 	By:  	/s/ W. Todd Zehnder
 	 
	 	 	W. Todd Zehnder 	 
	 	 	Executive Vice President and

Chief Financial Officer 	 
	 

 

 

	 	 	 	 	 
	 	“Guarantors”

PETROQUEST ENERGY, INC.

 	 
	 	By:  	/s/ W. Todd Zehnder
 	 
	 	 	W. Todd Zehnder 	 
	 	 	Executive Vice President and

Chief Financial Officer 	 
	 
	 	PITTRANS, INC.

 	 
	 	By:  	/s/ W. Todd Zehnder
 	 
	 	 	W. Todd Zehnder 	 
	 	 	Executive Vice President and

Chief Financial Officer 	 
	 
	 	TDC ENERGY, LLC

 	 
	 	By:  	/s/ W. Todd Zehnder
 	 
	 	 	W. Todd Zehnder 	 
	 	 	Executive Vice President and

Chief Financial Officer 	 
	 

 

 

	 	 	 	 	 
	 	“Lenders”

JPMORGAN CHASE BANK, N.A.,

As the Agent, a Lender and LC Issuer

 	 
	 	By:  	/s/ Jo Linda Papadakis
 	 
	 	 	Jo Linda Papadakis, Vice President 	 
	 	 	 	 
	 
	 	CALYON NEW YORK BRANCH,

As a Lender and as Syndication Agent

 	 
	 	By:  	/s/ Tom Byargeon
 	 
	 	 	Name:  	Tom Byargeon 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                       /s/ Sharada Manne
 	 
	 	 	Name:  	Sharada Manne 	 
	 	 	Title:  	Director 	 
	 
	 	MACQUARIE BANK LIMITED,

As a Lender

 	 
	 	By:  	/s/Andrew Sinclair
 	 
	 	Name:  	Andrew Sinclair 	 
	 	Title:  	Division Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Anita Chio
 	 
	 	Name:  	Anita Chio 	 
	 	Title:  	Attorneyexv10w1

 

EXHIBIT 10.1

LENDER ADDITION AGREEMENT

     THIS LENDER ADDITION AGREEMENT (the “Agreement"), dated as of April 22, 2008 is made and
entered into among NVR MORTGAGE FINANCE, INC., a Virginia corporation (“Borrower"), U.S. BANK
NATIONAL ASSOCIATION, as agent (“Agent"), and BANK OF AMERICA, N.A. (“Additional Lender").

RECITALS:

     A. Borrower, Agent and the Lenders that are parties thereto (the “Existing Lenders”) are
parties to that certain Loan Agreement dated as of September 7, 1999 (as modified and amended to
date, the “Loan Agreement").

     B. Borrower, Agent, the Existing Lenders and the Additional Lender now desire to amend the
Loan Agreement to add the Additional Lender as a Lender party thereto.

AGREEMENT:

     In consideration of the premises herein contained and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Section 1. Definitions

     1.1 Incorporated Definitions. Capitalized terms used and not otherwise defined in
this agreement have the meanings specified in the Loan Agreement.

     1.2 Other Defined Terms. As used in this agreement, the following terms have the
meanings specified:

     “Additional Lender” has the meaning specified in the preamble of this agreement.

     “Adjustment Factor” means the fraction the numerator of which is equal to the number
of days from the Execution Date to the Termination Date and the denominator of which is
equal to 360.

     “Execution Date” means the date on which this agreement is actually executed and
delivered by Borrower, Agent, the Existing Lenders and the Additional Lender, as set forth
on the counterpart signature page of Agent.

     “Existing Advances” means, with respect to any Existing Lender, Advances by such
Lender outstanding as of the beginning of business on the Execution Date.

     “Existing Lenders” has the meaning specified in Recital A of this agreement.

     “Loan Agreement” has the meaning specified in Recital A of this agreement.

 

 

Section 2 Fees and Getting to Pro-rata

     2.1 Payments to the Additional Lender. Borrower agrees to pay Agent for the account
of the Additional Lender a facility fee on the Commitment Amount of the Additional Lender in an
aggregate amount equal to the product of the Adjustment Factor and 0.125% of such Commitment
Amount. Said fee shall be payable as set forth in Section 2.4(a) of the Loan Agreement. Borrower
also agrees to pay to Agent for the account of the Additional Lender the monthly Non-usage Fee
described in Section 2.4(f) of the Loan Agreement (i) in the amount of 0.185% per annum on the
average unused amount of the aggregate Commitments during such month when usage is less than 35% of
the aggregate Commitments and (ii) in the amount of 0.125% per annum on the average unused amount
of the aggregate Commitments during such month when usage equals or is greater than 35% but not
exceeding 50% of the aggregate Commitments. The Non-usage Fee shall be payable as described in
such Section 2.4(f) of the Loan Agreement.

     2.2 Getting to Pro-rata. Notwithstanding the provisions of Sections 2.1, 2.7 and 2.9
of the Loan Agreement or any other provision of the Loan Documents to the contrary, until such time
as the Additional Lender and the Existing Lenders have Advances outstanding in amounts
proportionate to their respective Commitments, (a) all repayments of outstanding Advances shall be
applied pro-rata to the outstanding Advances of the Existing Lenders in accordance with the amounts
thereof and (b) all new Advances shall be funded solely by the Additional Lender.

Section 3 Concerning the Additional Lender

     3.1 Commitment. The Commitment of the Additional Lender shall be THIRTY MILLION AND
NO/100 DOLLARS ($30,000,000.00) (including the amount assigned by U.S. Bank to the Additional
Lender). Schedule 1.1(a) of the Loan Agreement is hereby amended to read as set forth on Schedule
1.1(a) attached hereto which is substituted as Schedule 1.1(a) to the Loan Agreement.

     3.2 Status as a Lender. Effective upon the Execution Date, the Additional Lender
shall be a Lender under the Loan Agreement and shall have all of the rights, privileges and
benefits of a Lender under the Loan Agreement and the Loan Documents and shall have all of the
duties of a Lender thereunder, in each case as if the Additional Lender had been a Lender initially
a party of the Loan Agreement.

     3.3 Condition Precedent. The inclusion of the Additional Lender as a Lender and the
obligation of the Additional Lender to make its initial Advance shall be subject to the following
conditions precedent:

     (a) Delivery to Agent of the following documents in a quantity sufficient that Agent,
Borrower, each Existing Lender and the Additional Lender may each have a fully executed
original of each of such documents other than the Additional Lender’s Note:

	 	i.	 	this agreement duly executed by Borrower, Agent and the
Additional Lender;
	 
	 	ii.	 	the Additional Lender’s Note in the principal amount of its
Commitment Amount duly executed by Borrower;
	 
	 	iii.	 	a certificate of the Secretary or Assistant Secretary of
Borrower setting forth (i) resolutions of Borrower’s board of directors
authorizing the execution, delivery and performance of this agreement and the
Additional Lender’s Note and identifying the officers of Borrower authorized
to sign such instruments, and (ii) specimen signatures of the officers so
authorized; and
	 
	 	iv.	 	such other documents, including opinions of counsel, as Agent
or the Additional Lender may reasonably request;

     (b) payment by Borrower to Agent of any fee then due Agent in connection with the
Additional Lender under Section 2.4(b) of the Loan Agreement.

2

 

     3.4 Additional Lender Credit Decision. The Additional Lender acknowledges that it
has, independently and without reliance upon Agent or any Existing Lender and based on the
financial statements referred to in Sections 5.7 and 6.1 of the Loan Agreement and such other
documents and information as it has deemed appropriate, made its own credit analysis and decision
to enter into this agreement. The Additional Lender also agrees that it will, independently and
without reliance upon Agent or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under the Loan Agreement.

Section 4 Miscellaneous

     4.1 Ratifications. The terms and provisions set forth in this agreement shall modify
and supersede all inconsistent terms and provisions set forth in the Loan Agreement and the other
Loan Documents and except as expressly modified and superseded by this agreement, the terms and
provisions of the Loan Agreement and each other Loan Document are ratified and confirmed and shall
continue in full force and effect.

     4.2 Borrower Representations and Warranties. Borrower hereby represents and warrants
that the representations and warranties set forth in Section 5 of the Loan Agreement are true and
correct in all material respects with the same force and effect on and as of the date hereof as
though made as of the date hereof except to the extent such representations and warranties by their
terms are made as of a specific date and except for changes that are permitted by the terms of the
Loan Agreement.

     4.3 Additional Lender Representations and Warranties. The Additional Lender hereby
represents and warrants that the representations and warranties set forth in Section 11.12 of the
Loan Agreement are true and correct as applied to the Additional Lender.

     4.4 Survival. The representations and warranties made by Borrower in this agreement
shall survive the execution and delivery of this agreement, and the funding of the Additional
Lender’s initial Advance.

     4.5 Reference to Loan Agreement. Each of the Loan Documents, including the Loan
Agreement and any and all other agreements, documents, or instruments now or hereafter executed and
delivered pursuant to the terms hereof or pursuant to the terms of the Loan Agreement as amended
hereby, are hereby amended so that any reference in such Loan Documents to the Loan Agreement shall
mean a reference to the Loan Agreement as modified hereby.

     4.6 Applicable Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Minnesota.

     4.7 Successors and Assigns. This Agreement is binding upon and shall inure to the
benefit of Agent, the Existing Lenders, the Additional Lender, Borrower and their respective
successors and assigns, except that Borrower may not assign or transfer any of its rights or
obligations hereunder without the prior written consent of each of the Lenders.

     4.8 Counterparts. This Agreement may be executed in one or more counterparts, each of
which when so executed shall be deemed to be an original, but all of which when taken together
shall constitute one and the same instrument.

     4.9 Headings. The headings, captions, and arrangements used in this agreement are for
convenience only and shall not affect the interpretation of this agreement.

     4.10 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES.

3

 

	 	 	 
	 

	 	     BORROWER:
	EXECUTION DATE:
	 	 
	April 22, 2008

	 	     NVR MORTGAGE FINANCE, INC.

	 	 	 	 	 
	 	 	 
	 	By:  	                                /s/ William J. Inman
 	 
	 	 	Name:  	William J. Inman 	 
	 	 	Title:  	President, NVR Mortgage Finance, Inc. 	 
	 

	 	 	 	 	 
	 	ADDITIONAL LENDER:

BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ Stefanie Brown
 	 
	 	 	Name:  	Stefanie Brown  	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	AGENT and an EXISTING LENDER :

U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ William Umscheid
 	 
	 	 	Name:  	William Umscheid 	 
	 	 	Title:  	Vice President 	 

4

 

	 	 	 	 	 

Schedule 1.1(a)

Commitment Schedule as of the April 22, 2008

	 	 	 	 	 
	 	 	Commitment
	Lender	 	Amount
	U.S. Bank National Association

Mortgage Banking Services

U.S. Bank Place

800 Nicollet Mall

Mail Station BC-MN-H03B

Minneapolis, Minnesota 55402

Attention: William Umscheid

Telephone: 612-303-3575

Telecopy: 612-303-2253

	 	$	50,000,000	 
	 
	 	 	 	 
	Comerica Bank

Comerica Tower at Detroit Center

500 Woodward Avenue

Detroit, MI 48226

Attention: Heather D. Slapak

Telephone: 313-222-5740

Telecopy: 313-222-9295

	 	$	30,000,000	 
	 
	 	 	 	 
	National City Bank

101 South 5th Street

Louisville, KY 40202

Attention: Mary Jo Reiss

Telephone: 502-581-4197

Telecopy: 502-581-4154

	 	$	25,000,000	 
	 
	 	 	 	 
	Washington Mutual Bank FA

20 North Wacker Drive, Suite 3410

Chicago, IL 60606

Attn: Rodney Davis

Telecopy: 312-782-3731

	 	$	14,250,000	 
	 
	 	 	 	 
	Bank of America, N.A.

901 Main Street

TX1-492-64-01

Dallas, TX 75202

Attention: Paula Laesch

Telephone: 214-209-9011

Telecopy: 214-209-0604

	 	$	30,000,000	 
	 
	 	 	 	 
	TOTAL

	 	$	149,250,000	 

5

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