Document:

EX-10.3

 Exhibit 10.3 

AMENDED AND RESTATED 

SEVERANCE AND RESTRICTIVE COVENANT AGREEMENT 

THIS AMENDED AND RESTATED SEVERANCE AND RESTRICTIVE COVENANT AGREEMENT (this “Agreement”) is dated as of December 20,
2013 (the “Effective Date”), between COLEMAN CABLE, INC., a Delaware corporation (the “Company”) and Alan C. Bergschneider (“Executive”). 

 

	 	Section 1.	TERM OF AGREEMENT 

 The term of this Agreement shall commence on and as of the Effective
Date and continue until Executive’s employment has terminated and the obligations of the parties hereunder have terminated or expired or have been satisfied in accordance with their terms. This Agreement shall supersede any prior severance and
restrictive covenant agreement between the parties in its entirety. 
  

	 	Section 2.	DEFINITIONS 

 For purposes of this Agreement, the following terms have the meanings set
forth in this Section: 
 2.1. “Board” means the Board of Directors of the Company. 

2.2. “Cause” means: 

(a) Executive’s gross neglect or willful failure to perform his duties and responsibilities with the Company in all material respects or
to substantially comply with a specific and lawful directive of the Company’s Chief Executive Officer or any other officer of the Company to whom Executive directly reports or the Board, in each case after a written demand for substantial
performance or substantial compliance is delivered to Executive by or on behalf of the Company’s Chief Executive Officer or the Board, which demand specifically identifies the manner in which the Company’s Board of Directors believes that
Executive has not so performed his duties and which demand is not met within thirty (30) days of its delivery to Executive; 
 (b) any
act of fraud or embezzlement by Executive in connection with the Company or its affiliates; 
 (c) a willful and material breach of this
Agreement by Executive which Executive fails to cure within thirty (30) days of Executive’s receipt of written notice of such breach; or 

(d) Executive’s conviction or entering into a plea of nolo contendere to (A) a crime involving moral turpitude or
(B) any other crime materially impairing or materially hindering Executive’s ability to perform his duties for the Company. 

2.3. “Change in Control” means any of the following events: 

(a) any person or other entity (other than any of the Company’s subsidiaries or any employee benefit plan sponsored by the Company or
any of its subsidiaries) including any person as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), becomes the beneficial owner, as defined in Rule 13d-3 under the Exchange Act,
directly or indirectly, of more than fifty percent (50%) of the total combined voting power of all classes of capital stock of the Company normally entitled to vote for the election of directors of the Company (the “Voting Stock”);

 (b) the stockholders of the Company approve the sale of all or substantially all of the property
or assets of the Company and such sale occurs; 
 (c) the stockholders of the Company approve a consolidation or merger of the Company with
another corporation (other than with any of the Company’s subsidiaries), the consummation of which would result in the shareholders of the Company immediately before the occurrence of the consolidation or merger owning, in the aggregate, less
than 60% of the Voting Stock of the surviving entity, and such consolidation or merger occurs; 
 (d) a change in the Company’s Board
of Directors occurs with the result that the members of the Board immediately prior to such change no longer constitute a majority of such Board of Directors; or 

(e) any other change of ownership or effective control (as defined in Section 280G(b)(2) of the Internal Revenue Code (the
“Code”)). 
 2.4. “Code” means the Internal Revenue Code of 1986, as amended. 

2.5. “Date of Termination” means: (i) if Executive’s employment terminates by virtue of
Executive’s death, the date of death and (ii) in all other cases, the date as of which a termination of Executive’s employment becomes effective in accordance with the provisions of Section 3.1(d). 

2.6. “Disability” means any physical or mental illness or infirmity of Executive (expressly excluding habitual
use of alcohol or drugs) that causes Executive to be substantially unable to perform Executive’s duties with the Company (i) for any period of one hundred twenty (120) consecutive days, (ii) for two hundred seventy
(270) days, whether or not consecutive, in any period of three hundred sixty five (365) days, despite provision by the Company of reasonable accommodations as required by law, or (iii) at such earlier time as Executive submits or the
Company receives satisfactory medical evidence that Executive has a physical or mental disability or infirmity which will likely prevent him from returning to the performance of Executive’s work duties for four (4) months or longer. In the
event of any dispute regarding the determination of the Executive’s disability, such determination shall be made by a physician selected by the Company, at the Company’s sole expense, in consultation with the Executive’s primary
treating physician; provided, however, that the Executive’s Disability shall be conclusively presumed if such determination is made by an insurer providing disability insurance coverage to the Executive or the Company in respect of the
Executive. 

  
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 2.7. “Good Reason” means the occurrence, without
Executive’s express prior written consent, of any of the following: 
 (a) a material diminution in Executive’s authority,
duties, or responsibilities, other than a reduction attributable to Executive’s continued failure to substantially perform Executive’s duties with the Company or to accommodate Executive’s physical or mental illness or infirmity;
provided, however, that the deregistration or delisting of the Company’s common stock shall constitute a material diminution of the authority, duties and responsibilities of the Executive; 

(b) a material diminution in Executive’s base salary, except with respect to across-the-board salary reductions generally implemented
for certain levels of management employees of the Company; or 
 (c) a change in location of Executive’s office within the two-year
period on and after a Change in Control, that is fifty (50) miles or more from the office where Executive was located as of the Effective Date; 
 but
only if (i) Executive delivers a written notice of termination to the Company within thirty (30) days of the initial existence of such occurrence, which notice specifically identifies the occurrence and demands that it be remedied and
(ii) if such occurrence is capable of being remedied, the Company fails to remedy the same within thirty (30) days after receiving such written notice or, if the same is not capable of being remedied within such period of time, the Company
fails to commence diligently to seek to remedy the same within such period and thereafter to continue to seek to remedy such failure until remedied. Notwithstanding any language in this Agreement to the contrary, if the Company fails to remedy the
occurrences of clause (a) through (c) above in accordance with the preceding sentence, the effective date of Executive’s termination shall not be less than thirty (30) nor more than thirty-five (35) days after the date the
notice of termination is given to the Company by Executive. 
 For the avoidance of doubt, any prospective action that would, if actually taken or
implemented, constitute Good Reason through the application of (a) through (c) above (after the expiration without cure of the applicable notice and cure period provided for above) shall not in any event be deemed to have occurred unless
and until such action is actually taken or implemented. 
 2.8. “Separation from Service” means a
termination of Executive’s employment that constitutes a separation from service under Section 409A of the Code. 
  

	 	Section 3.	TERMINATION AND COMPENSATION UPON TERMINATION 

 3.1. In
General. 
 (a) Termination by Company. The Company (acting through the Chief Executive Officer or the Board) may at any
time elect to terminate Executive’s employment by delivery of a notice of termination to Executive for any reason (including on account of Disability) or no reason, with or without Cause. 

  
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 (b) Termination by Executive. Executive may elect to terminate Executive’s
employment by delivery of a notice of termination (i) with Good Reason, in accordance with the provisions of Section 2.7, or (ii) for any other reason (including on account of Disability) or no reason, at any time. 

(c) Notice of Termination. Any termination of Executive’s employment, whether by the Company or by Executive, shall be
communicated by written notice of termination to the other party in accordance with the terms of Section 5.5. The notice of termination shall state the specific termination provision in this Agreement relied upon and set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated and shall state an effective date of termination that complies with the requirements of
subsection (d). 
 (d) Effective Date of Termination. Unless otherwise agreed upon in writing by the Company and Executive:

 (i) the effective date of termination of Executive’s employment in the case of a termination of Executive’s employment by the
Company for any or no reason shall not be more than ninety (90) days after the date the notice of termination is given by the Company; 

(ii) the effective date of termination in the case of a termination of Executive’s employment by Executive for any reason shall not be
less than thirty (30) nor more than thirty-five (35) days after the date the notice of termination is given by Executive. 
 (e)
All payments made to or in respect of Executive pursuant to this Section 3 shall be made in a cash lump sum within thirty (30) days following the Date of Termination, except where this Agreement (or the plan pursuant to which such payment
is to be made) provides otherwise including, without limitation, Section 3.5. No amounts that are “deferred compensation” within the meaning of Section 409A of the Code and that are payable under this Agreement as a result of
Executive’s termination of employment shall be payable to Executive unless Executive’s termination of employment also constitutes a Separation from Service. 

3.2. Death, Disability, Termination for Cause, or Resignation without Good Reason. Executive’s employment
shall be terminated automatically on the date of Executive’s death or Disability. Upon such a termination of employment, or upon a termination of employment by the Company for Cause, or upon a termination of employment by Executive without Good
Reason, the Company shall pay to Executive (or, in the event of Executive’s death, to Executive’s beneficiary or estate), when the same would otherwise have been due, the base salary and any bonus then payable through the Date of
Termination and shall have no further obligations under this Agreement. 
 3.3. Termination Without Cause or With Good
Reason. If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, the Company shall pay to Executive: 

(a) when the same would otherwise have become due and payable, the base salary and any bonus then payable through the Date of Termination
(without regard to any reduction therein constituting Good Reason within the meaning of Section 2.7(b)), plus  

  
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 (b) an amount of severance pay equal to one and one-half (1.5) times the amount of
Executive’s annual base salary as in effect on the Date of Termination (without regard to any reduction therein constituting Good Reason within the meaning of Section 2.7(b)), which amount shall be paid in twenty-four (24) consecutive
equal semi-monthly installments. Subject to Section 3.5, such installments shall commence no later than the first day of second calendar month following the Date of Termination and continuing thereafter until paid in full. In the event that any
payments due under this subsection (b) constitute “deferred compensation” within the meaning of Section 409A of the Code, Executive’s right to receive a series of installment payments shall be treated as a right to a series
of separate payments. 
 In addition, if Executive’s employment is terminated by the Company without Cause or by Executive for Good
Reason all of Executive’s options and restricted stock that vest based on the passage of time shall vest immediately (to the extent not previously vested) without regard to whether or not any of the conditions specified therein have been
achieved. 
 3.4. Cost of COBRA Continuation Coverage. If and to the extent that Executive, following a
termination of Executive’s employment described in Section 3.3, properly and timely elects (on behalf of Executive and Executive’s qualified beneficiaries) continuation coverage under the Consolidated Omnibus Budget Reconciliation Act
of 1985, as amended (“COBRA”) with respect to the Company’s group health plan, Executive shall pay the then-current portion of the cost of such coverage that would be payable by the Company’s similarly situated active
employees and the Company shall pay the balance of such then-current costs as long as and for the period during which the Company remains obligated for continuing payments under Section 3.3(b) (without regard to any acceleration by the Company
of such payments). The Company shall be authorized to deduct from the installments to be paid under Section 3.3 Executive’s then-current share of the cost of such coverage. The Company’s subsidy of such group health plan coverage
shall terminate upon the earlier of (1) the date of termination of COBRA continuation coverage and (2) the payment in full by the Company of its obligations under Section 3.3(b) (without regard to any acceleration by the Company of
such payments), whereupon Executive shall be fully responsible for the cost of continuing coverage and benefits, if any. Notwithstanding the foregoing, this Section 3.4 shall cease to apply as of the effective date of any regulation or other
guidance under which payment of such component would be deemed to violate any nondiscrimination requirements under the Patient Protection and Affordable Care Act. 

3.5. General Release Agreement. The obligations of the Company to make the payments and provide the benefits
described in Sections 3.3 and 3.4 are expressly conditioned upon Executive’s signing and delivering to the Company, and thereafter not revoking, a valid general release agreement in substantially the form attached hereto as Attachment
A (the “Release”). The Release must be executed by Executive and returned to the Company, and must become irrevocable, within the period that is thirty (30) days (or such longer period, to the extent required by law)
following the Date of Termination of employment or service with the Company. To the extent that such thirty (30) day period (or 

  
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such longer period, to the extent required by law) spans two calendar years, no payment of any severance amount or benefit that is (i) considered to be nonqualified deferred compensation
within the meaning of Section 409A of the Internal Revenue Code and (ii) conditioned upon the Release, shall be made before the first day of the second calendar year, regardless of when the Release is actually executed and returned to the
Company. Any breach of Executive’s nondisclosure, nonsolicitation, or noncompetition obligations to the Company that has or is reasonably likely to have a material and adverse effect on the Company shall, in addition to all other remedies
available to Company, result in the immediate release of the Company from any obligation it would otherwise have to make further payments or provide further benefits under this Agreement. Executive expressly acknowledges that the Company is prepared
to vigorously enforce these promises and that violation of Executive’s obligations could result in an award of damages or other legal remedies against Executive and Executive’s subsequent employers. 

3.6. Limitation. 

(a) Notwithstanding the foregoing: 

(i) In the event that it shall be determined that any payment or distribution from the Company, any affiliate, or trusts established by the
Company or by any affiliate to or for the benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, and with a “payment” including, without limitation, the vesting
of an option or other non-cash benefit or property) (a “Payment”) would be nondeductible by the Company for Federal income tax purposes because of Section 280G of the Code, or any successor provision, then the aggregate present value
of amounts payable or distributable to or for the benefit of Executive pursuant to this Agreement (“Agreement Payments”) shall be reduced (but not below zero) to the Reduced Amount. For purposes of this paragraph, the “Reduced
Amount” shall be an amount expressed in present value which maximizes the aggregate present value of Agreement Payments without causing any Payment to be nondeductible because of said Section 280G of the Code. The determination to be made
hereunder shall be made within twenty (20) days after the date of termination by the accounting firm that is then acting as auditor for the Company (the “Accounting Firm”), which shall provide detailed calculations thereof to the
Company and to Executive, provided, however, that Executive shall elect which and how much of the Agreement Payments shall be reduced consistent with such calculations. The determination to be made by the Accounting Firm shall be binding upon the
Company and Executive unless each of the following occurs: (i) within fifteen (15) days of the date of such determination, either party gives to the other party a written legal opinion from a nationally recognized law firm stating that
there is a substantial possibility that the Internal Revenue Service will reach a conclusion different from that reached by the Accounting Firm; (ii) either party, within fifteen (15) days of the date of such letter, seeks a private letter
ruling from the Internal Revenue Service; and (iii) the Internal Revenue Service issues a private letter ruling reaching a conclusion different from that reached by the Accounting Firm. A private letter ruling by the Internal Revenue Service
issued under these circumstances shall be binding upon the Company and Executive. Present value, for purposes of the calculations under this Section 3.6, shall be determined in accordance with Section 280G(d)(4) of the Code.
Notwithstanding anything in this Section 3.6 to the contrary, to the extent any of the payments or benefits provided under the Agreement are reduced in accordance with the provisions of this Section, payments and benefits that do not constitute
“deferred compensation” within the meaning of Section 409A of the Code shall be reduced first. 

  
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 (ii) As a result of uncertainty in the application of Section 280G of the Code at the time
of any initial determination by the Accounting Firm hereunder, it is possible that Agreement Payments will have been paid or distributed by the Company which should not be so paid or distributed (“Overpayment”) or that additional Agreement
Payments which were not paid or distributed by the Company could have been so paid or distributed (“Underpayment”), in each case, consistent with the calculation of the Reduced Amount hereunder. In the event that the Accounting Firm
determines that an Overpayment has been made, any such Overpayment shall be treated for all purposes as a loan to Executive which Executive shall repay to the Company promptly upon receiving notice of such Overpayment together with interest at the
applicable federal rate provided for in Section 7872(f)(2) of the Code; provided, however, that no amount shall be payable by Executive to the Company (or if paid by Executive to the Company shall be returned to Executive) if and to the extent
such payment would not reduce the amount which is nondeductible under Section 280(G) of the Code or which is subject to taxation under section 4999 of the Code. In the event that the Accounting Firm determines that an Underpayment has occurred,
any such Underpayment shall be promptly paid by the Company to or for the benefit of Executive together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code. 

(b) To the extent that any cash payments due under Section 3.3 or Section 3.4: (i) constitute “deferred
compensation” subject to the requirements of Section 409A of the Code, (ii) are payable to an Executive who is a “specified employee” (as defined in Section 409A) as a result of Executive’s Separation from Service,
and (iii) would be payable during the six (6) month period following Executive’s Separation from Service, such payments shall be suspended and accumulated by the Company and paid out to Executive on the first business day following
the date that is six (6) months after Executive’s Separation from Service. In determining whether any cash payments due under Section 3.3 or Section 3.4 are deferred compensation within the meaning of Section 409A, the
parties agree, to the greatest extent possible under the Treasury Regulations promulgated under Section 409A, to make use of any exemptions available under Section 409A, including the short-term deferral exemption, the separation pay
exemption, and the limited payment exemption. 
 3.7. Termination Obligations. 

(a) Executive hereby acknowledges and agrees that all Company Property and Materials furnished or made available to or acquired by Executive
in the course of or incident to Executive’s employment, belong to the Company and shall be promptly returned to the Company upon termination of Executive’s employment for whatever reason. “Company Property and Materials”
for such purpose includes (i) all electronic devices owned, leased, or made available by the Company for Executive’s use, including personal computers, fax machines, cellular telephones, pagers, and tape recorders, and (ii) all books,
manuals, records, reports, notes, contracts, lists, blueprints, maps and other documents, or materials, or copies thereof (including computer files) belonging to, and all other proprietary information relating to the business of, the Company.
Following termination, Executive will not retain any written or other tangible material containing any proprietary information of the Company and, upon request, will confirm Executive’s compliance with this subsection in writing. 

  
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 (b) Executive’s obligations under this Section 3.7 and Section 4 (including but
not limited to the confidentiality provisions set forth in Section 4.1) shall survive termination of Executive’s employment and the expiration of this Agreement. 

(c) Upon termination of Executive’s employment, Executive will be deemed to have resigned from all offices and directorships then held
with the Company or any of its affiliates. 
 3.8. No Duty to Mitigate. No amount due to Executive under this
Agreement by virtue of the termination of Executive’s employment (other than payments to be provided in respect of health benefits to the extent that Executive is entitled to similar benefits by virtue of new employment) shall be reduced by or
on account of any compensation received by Executive as the result of employment by another employer. 
  

	 	Section 4.	RESTRICTIVE COVENANTS 

 4.1. Confidentiality. In the
performance of Executive’s duties for the Company, Executive shall abide by and be bound by the Company’s Code of Business Conduct and Ethics, including the confidentiality and nonsolicitation restrictions set forth therein. In addition
and not in lieu or in substitution therefor, Executive shall not, during Executive’s employment or at any time thereafter, directly or indirectly, disclose or make available to any person for any reason or purpose whatsoever, any Confidential
Information (as defined below). Executive agrees that, upon termination of Executive’s employment with the Company, all Confidential Information in Executive’s possession that is in written or other tangible form (together with all copies
or duplicates thereof, including computer files), whether or not otherwise included among the Personal Property required to be returned pursuant to Section 3.7(a), shall be returned to the Company and shall not be retained by Executive or
furnished or disclosed to any third party in any form except as provided herein; provided, however, that Executive shall not be obligated to treat as confidential any information that (i) was publicly known at the time of disclosure to
Executive, (ii) becomes publicly known or available thereafter other than by virtue of a violation of this Agreement or any other duty owed to the Company by Executive, or (iii) is lawfully disclosed to Executive by a third party. As used
in this Agreement the term “Confidential Information” means otherwise valuable and unique nonpublic information disclosed to Executive or known by Executive as a consequence of or through Executive’s relationship with the Company,
including information about the customers, vendors, employees, consultants, business methods, public relations methods, organization, procedures, business plans, or finances, of the Company or its affiliates, whether or not such information
constitutes a “trade secret” under applicable law. 

  
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 4.2. Noncompetition. 

(a) Competitive Activity. In addition to the restrictions contained in the Company’s Code of Business Conduct and Ethics,
Executive agrees that Executive shall not, without the prior written consent of the Company (as may be communicated through the Company’s Chief Executive Officer or the Board): 

(i) During the period Executive is employed by the Company (the “Employment Period”) and during the Restriction Period (as
defined in subsection (c)), directly or indirectly, engage or participate in (as an owner, partner, stockholder, employee, director, officer, agent, consultant or otherwise), with or without compensation, any business enterprise that is
directly or indirectly engaged in the business of manufacturing wire and cable in the United States and in any other countries or territories where the Company sells its products (x) during the Employment Period, as it is being conducted while
Executive is employed by the Company or (y) during the Restriction Period, as it was being conducted at the time of the termination of Executive’s employment (each a “Competitive Business”); 

(ii) During the Restriction Period, directly or indirectly, solicit or attempt to persuade any person who was, at any time within the two
(2) year period before Executive’s Date of Termination, an employee or independent contractor of the Company, to terminate his, her, or its relationship with the Company; or 

(iii) During the Restriction Period, directly or indirectly, employ, hire, or retain any person who was an employee of the Company at any
time within the one (1) year period before Executive’s Date of Termination. 
 For the avoidance of doubt and without limitation, subsection
(i) above is intended, among other things, to prohibit, during the Employment Period and Restriction Period, the solicitation by Executive of any customer, client, or vendor of the Company for the benefit of or in furtherance of a Competitive
Business and the engagement or participation of Executive by or with any business that solicits or engages in business with any customer, client, or vendor of the Company in furtherance of a Competitive Business. 

(b) Notwithstanding the foregoing, Executive may own up to a five percent (5%) interest in a publicly traded corporation or other person
engaged in a Competitive Business. 
 (c) For purposes hereof, “Restriction Period” means the period beginning upon the
Date of Termination and ending on the first anniversary thereof. 
 4.3. Remedies for Breach. Executive
acknowledges that the provisions of Sections 4.1 and 4.2 are reasonable and necessary for the protection of the Company and that the Company may be irrevocably damaged if these provisions are not specifically enforced. Accordingly, Executive
agrees that, in addition to any other legal or equitable relief or remedy available to the Company, the Company shall be entitled to seek and may obtain an appropriate injunction or other equitable remedy for the purposes of restraining Executive
from any actual or threatened breach of or otherwise enforcing these provisions (and that no bond or security shall be required in connection therewith), together with an equitable accounting of all earnings, profits, and other benefits arising from
such violation, which rights shall be cumulative. 

  
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 4.4. Modification. If a court determines that any of the
restrictions contained in Section 4.1 or Section 4.2 is unreasonable in terms of scope, duration, geographic area, or otherwise, or any provision in Section 4.1 or Section 4.2 is otherwise illegal, invalid, or unenforceable, then
such restriction or provision, as applicable, shall be reformed to the extent necessary so that the same shall be rendered enforceable to the fullest extent otherwise permissible under applicable law, and the parties hereto do hereby expressly
authorize any such court to so provide. 
  

	 	Section 5.	GENERAL PROVISIONS 

 5.1. Termination of Prior Agreements.
The parties hereby agree that any and all prior agreements between Executive and the Company with respect to severance payments or benefits are hereby terminated as of the date hereof, and any and all such agreements shall be of no further force and
effect from and after the date hereof and the parties shall be released from any further obligations thereunder. The foregoing, however, shall not be deemed to abrogate or otherwise affect any of Executive’s obligations under the Company’s
Code of Business Conduct and Ethics as heretofore or hereafter in effect or any other restrictive covenant binding upon Executive. 

5.2. Certain Rules of Construction. 

(a) Number. The definitions contained in Section 2 and elsewhere in this Agreement shall be equally applicable to both the
singular and plural forms. 
 (b) “Including”; “Or.” The word “including” means and shall be read as
“including but not limited to” and the word “or” means “or” in the nonexclusive sense, i.e., either “and” or “or.” 

(c) Section and Subsection References. Except as otherwise specified herein, references in this Agreement to Sections, subsections,
and paragraphs are references to the Sections, subsections, and paragraphs of this Agreement. 
 (d) Headings. The headings of the
Sections, subsections, and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or affect the construction hereof. 

(e) “Herein.” Words such as “herein,” “hereinafter,” “hereof,” and
“hereunder” refer to this Agreement as a whole and not merely to a subdivision in which such words appear unless the context otherwise requires. 

(f) “Person.” Except as may be expressly provided otherwise herein, the word “person” includes an individual,
corporation, general or limited partnership, joint venture, limited liability company, business trust, firm, association, or other form of business entity. 

  
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 5.3. Successors; Binding Agreement. 

(a) The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.
Failure of the Company to obtain such assumption and agreement before the effectiveness of any such succession shall be a breach of this Agreement. Unless expressly provided otherwise, “Company” as used herein means the Company as defined
in this Agreement and any successor to its business or assets as aforesaid. 
 (b) This Agreement may not be assigned by Executive but
shall inure to the benefit of and be enforceable by Executive and Executive’s personal or legal representatives, executors, administrators, heirs, distributees, devisees and legatees. If Executive dies while any amounts remains payable to
Executive hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee, or other designee or, if there is no such designee, to Executive’s
estate. 
 5.4. No Contract of Employment. Executive acknowledges that Executive’s employment with the
Company is “at will.” This Agreement does not and is not intended to confer upon Executive any right of continued or future employment by the Company or any right to compensation or benefits from the Company except the rights specifically
stated herein, and shall not limit the right of the Company to terminate Executive’s employment at any time with or without Cause. 

5.5. Notices. All notices, demands, and other communications required or permitted by this Agreement shall be in
writing and shall be deemed to have been duly given (i) when personally delivered, (ii) when transmitted by telecopy, electronic, or digital transmission with receipt confirmed, (iii) one day after delivery to an overnight air courier
guaranteeing next day delivery, or (iv) upon receipt if sent by certified or registered mail. In each case, notice shall be addressed as follows: 
  

			
	If to Executive:	  	As set forth below Executive’s signature to this Agreement
		
	If to the Company:	  	 Coleman Cable, Inc.
 1530 Shields Drive

Waukegan, Illinois 60085
 Attention: Chief Executive
Officer

 or to such other address as either party may have furnished to the other in writing in accordance herewith, except that
notices of change of address shall be effective only upon actual receipt. 
 5.6. Counterparts. This Agreement
may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. A counterpart signature page delivered by fax or other electronic means shall be as
effective as the original thereof. 

  
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 5.7. Governing Law. This Agreement shall be construed, interpreted
and enforced in accordance with the laws of the State of Illinois (without regard to any provision that would result in the application of the laws of any other state or jurisdiction). 

5.8. Nondisparagement. The Company and Executive agree that neither will knowingly make any false statement
intended or reasonably likely to disparage or defame the other to any person not a party to this Agreement relating to the employment relationship between the Company and Executive, the Company’s business, or Executive’s performance. 

5.9. ARBITRATION OF DISPUTES. 

(a) Any claims (including counterclaims and cross-claims) and disputes between the parties arising out of or in any way relating to this
Agreement or Executive’s employment with the Company shall (except as permitted by subsection (b)) be resolved by submission to binding arbitration before a single neutral arbitrator, who shall be a member of the Bar of the State of
Illinois, in accordance with the Commercial Arbitration Rules and Procedures of the American Arbitration Association (AAA) then in effect. Such arbitration shall be held in Chicago, Illinois. 

(b) Notwithstanding subsection (a) or any other provision of this Agreement, either party shall have the right to apply to a court
having appropriate jurisdiction to seek injunctive or other equitable or nonmonetary relief, on either an interim or permanent basis, in respect of any claim arising out of or in connection with this Agreement or Executive’s employment with the
Company. 
 5.10. Attorneys’ Fees. If any legal action, arbitration, or other proceeding is brought for
the enforcement of this Agreement, or because of an alleged dispute, breach, or default in connection with any of the provisions of this Agreement, the prevailing party (as determined by the court or arbitrator) shall be entitled to recover
reasonable attorneys’ fees and other costs incurred in such action, arbitration, or other proceeding, including any appeal thereof, in addition to any other relief to which such party may be entitled. Any award of attorneys’ fees or costs
to Executive shall not affect the award of any attorneys’ fees or costs eligible for reimbursement in any other calendar year, and all such reimbursements must be made on or before the last day of the calendar year following the calendar year
in which the expense was incurred. 
 5.11. Entire Agreement; Amendments. This Agreement contains the entire
agreement and understanding between the Company and Executive with respect to the subject matter hereof, and no representations, promises, agreements, or understandings, written or oral, not herein contained shall be of any force or effect. This
Agreement shall not be changed unless in writing and signed by both Executive and the Company. 
 5.12.
Executive’s Acknowledgment. Executive acknowledges (i) that Executive has had the opportunity to consult with independent counsel of Executive’s own choice concerning this Agreement, and (ii) that Executive has read
and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on Executive’s own judgment. 

  
 12 

 5.13. Section 409A Compliance. Notwithstanding any provision
of this Agreement to the contrary, the payments provided by this Agreement are intended to be exempt from or comply with Section 409A of the Code and the interpretive guidance thereunder. The Agreement shall be construed and interpreted in
accordance with such intent. 

  
 13 

 IN WITNESS WHEREOF, the parties have executed this Severance and Restrictive Covenant Agreement
as of the date and year first above written. 
  

			
	COLEMAN CABLE, INC.
		
	By:	 	 /s/ G. Gary Yetman

	Its:	 	Chief Executive Officer
	
	EXECUTIVE:
	
	 /s/ Alan C. Bergschneider

	Name:	 	Alan C. Bergschneider

  
 14 

 [To be reviewed by Company counsel before use] 

ATTACHMENT A 

GENERAL RELEASE AGREEMENT 
 THIS
GENERAL RELEASE AGREEMENT (“Release Agreement”) is made and entered into this      day of             , 20    , to be effective as of
                     (the “Effective Date”), by and between COLEMAN CABLE, INC. (the “Company”), and
                    , a resident of the State of [Illinois] (“Executive”). 

 

	1.	The termination of your employment with the Company will be effective [Date of Termination] (the “Termination Date”). 

  

	2.	In consideration of the Company’s agreement to provide you with the severance pay and benefits (the “Severance Payments”) described in the Severance and Restrictive Covenant Agreement dated
                     (the “Severance Agreement”), to which you are not otherwise legally entitled and the sufficiency of which you
acknowledge, you agree to comply with the terms of this Release Agreement and to continued compliance with the confidentiality and restrictive covenant provisions of the Severance Agreement. You understand and agree that the Severance Payments are
expressly conditioned upon your compliance with the terms of this Release Agreement and continued compliance with the confidentiality and restrictive covenant provisions of the Severance Agreement. Should you violate any material term of this
Release Agreement or the Severance Agreement, you will not receive any further payments from the Company under either agreement and shall be obligated to repay to the Company any and all amounts received hereunder that, absent the execution of this
Release Agreement, you would not otherwise have been legally entitled to receive. This Paragraph shall not limit the Company’s right to recover damages or obtain any other legal or equitable relief to which it may be entitled by law.

  

	3.	You represent and warrant that you are the sole owner of the actual or alleged claims, demands, rights, causes of action and other matters relating to your employment with the Company or the cessation of your employment
that are released herein; that the same have not been assigned, transferred or disposed of by fact, by operation of law, or in any manner whatsoever; and that you have the full right and power to grant, execute, and deliver the releases,
undertakings and agreements contained herein. You further represent and warrant that you have not filed or initiated any legal, equitable, administrative or any other proceedings against any of the Released Parties (as defined in
Paragraph 4(a), below), and that no such proceeding has been filed or initiated on your behalf. 

  

	4.	 (a) You and anyone claiming through you, including your past, present, and future spouses, family members, estate, heirs, agents, attorneys or
representatives each hereby release, forever discharge, and agree not to sue the Company or any and all of Company’s past, present and/or future partners, shareholders, officers, directors, employees, agents,

  
 A-1 

	 	
attorneys, divisions, parents, subsidiaries, affiliates, predecessors, successors, joint ventures, related companies, administrators, heirs, executors, assigns, insurers and employee benefit or
welfare plans, and any of their administrators or trustees or any of its divisions, affiliates, related entities or subsidiaries, or their trustees, fiduciaries, administrators, members, directors, officers, agents, employees, attorneys and the
predecessors, successors and assigns of each of them (hereinafter jointly referred to as the “Released Parties”), from any and all claims or causes of action, known or unknown, that Executive has or may have against the Released Parties as
of the date on which Executive signs this Agreement, including, but not limited to those relating to Executive’s employment, the termination of Executive’s employment, and any claim of discrimination, harassment, retaliation or wrongful
discharge arising under any state, federal or common law, including but not limited to, any claims arising under Title VII of the Civil Rights Act of 1964 as amended by the Civil Rights Act of 1991, 42 U.S.C. § 2000(e), et seq.; the Federal Age
Discrimination in Employment Act as amended by the Older Workers Benefit Protection Act of 1990 (“ADEA”), 29 U.S.C. § 623, et seq.; the Americans with Disability Act, 42 U.S.C. § 12101, et seq.; the Civil Rights Act of 1866 (42
U.S.C. § 1981); the Fair Labor Standards Act of 1938, 29 U.S.C. § 201, et seq.; the Consolidated Omnibus Budget Reconciliation Act of 1985, 42 U.S.C. § 1395(c); Executive Order 11246; § 503 of the Rehabilitation Act of 1973, 29
U.S.C. §§ 701, et seq.; the Family and Medical Leave Act, 29 U.S.C. §§ 2601, et seq.; the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §§ 1132(a)(1)(B), et seq.; the Fair Credit Reporting Act,
15 U.S.C. § 1681, et seq.; the Worker Adjustment and Retraining Notification Act, 29 U.S.C. § 2101, et seq.; Sarbanes-Oxley Act of 2002, Public Law 107-204, including whistleblowing claims under 18 U.S.C. §§ 1514A and 1513(e);
the Illinois Human Rights Act, 775 ILCS 5/1-103, et seq.; the Cook County Human Rights Ordinance, Ord. No. 93-0-13; the Illinois Wage Payment and Collection Act, 820 ILCS 115/1, et seq.; the United States Constitution, including any rights of
privacy thereunder; claims for breach of express or implied contract, including breach of the covenant of good faith and fair dealing; claims for discrimination or harassment of any kind; claims for defamation or other personal or business injury of
any kind; claims for unpaid wages, medical expenses, or other benefits or compensation, except as expressly provided in Paragraph 4(c) of this Release Agreement; any claims arising out of any and all employee handbooks, policy and procedure manuals,
and other policies and practices of the Company and the Released Parties; claims for attorneys’ fees and costs; and any and all claims arising under any other federal, state, local, foreign or international laws, statutes, regulations, or
ordinances, as well as any and all common law legal or equitable claims to any form of legal or equitable relief, damages, compensation or benefits (except as expressly provided in Paragraph 4(c) of this Release Agreement). 

(b) You represent that, as of the date you sign this Release Agreement you have no charges, claims or lawsuits of any kind pending against
Company or the Released Parties that would fall within the scope of the release set forth in Paragraph 4(a) above. 
 (c) Notwithstanding the
foregoing, Company and Executive agree that the release set forth in Paragraph 4(a) above shall not apply to any claims arising after the date Executive signs this Agreement, nor shall anything herein prevent either party from instituting any action
to enforce the terms of this Agreement. In addition, the parties 

  
 A-2 

 
agree that nothing herein shall be construed to prevent Executive from enforcing Executive’s rights, if any, under the Employee Retirement Income Security Act of 1974, to recover any vested
benefits. Further, the parties agree that nothing herein shall preclude Executive from challenging the validity of the Agreement under the ADEA. Finally, the parties agree and acknowledge that the release set forth in Paragraph 4(a) above shall not
be construed to prevent Executive from participating in or cooperating with any state or federal agency investigation or charge of discrimination. However, Executive understands and agrees that Executive is releasing the Released Parties from any
and all claims by which Executive is giving up the opportunity to recover any compensation, damages, or any other form of relief in any proceeding brought by Executive or on Executive’s behalf. 

 

	6.	You are aware that hereafter there may be discovery of claims or facts in addition to or different from those now known or believed to be true with respect to the matters addressed herein. Nevertheless, it is the
parties’ intention to settle and release fully, finally and forever all such matters and claims relative to your employment and association with the Released Parties and the termination thereof which do now exist, may exist, or heretofore have
existed relating to such matters (except as may be specifically excluded herein). In furtherance of this intention, the releases given herein shall be and remain in effect as a full and complete release of all such matters, notwithstanding the
discovery or existence of any additional or different claims or facts relative to your employment, termination of employment or association of the Released Parties. 

 

	7.	You agree never to sue any Released Party in any forum for any claim covered by the above waiver and release language, except that you may bring a claim under the ADEA to challenge this Release Agreement or enforce your
rights hereunder. If you violate this Release Agreement by suing any Released Party, other than as described in the preceding sentence, you shall be liable to the Company and the Released Parties for their reasonable attorneys’ fees and other
litigation costs incurred in defending against such a suit. Nothing in this Release Agreement is intended to reflect any party’s belief that your waiver of claims under ADEA is invalid or unenforceable, it being the intent of the parties that
such claims are waived. 

  

	8.	You agree that you have no present or future right to employment with any of the Released Parties. 

  

	9.	Except as necessary to comply with the terms of this Release Agreement, the terms of this Release Agreement, the substance of any negotiations leading up to this Release Agreement, and any matters concerning your
separation from employment with the Company shall be kept confidential by you. You warrant and represent that you will not reveal or engage in any conduct that might reveal the terms of this Release Agreement to anyone except members of your
immediate family, your attorney, and your tax advisor, except as disclosure of such matters may be required by law. Notwithstanding anything to the contrary in this Release Agreement, you (and each of your employees, representatives or other agents)
may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the contemplated transaction and all materials of any kind (including opinions or other tax analyses) that are provided to you relating to
such tax treatment and tax structure. 

  
 A-3 

	10.	This Release Agreement does not constitute an admission by the Released Parties of any violation of any federal, state, local or common law, regulation, ordinance or executive order. The Released Parties expressly deny
any such violation. This Release Agreement was entered into by the parties solely to avoid litigation and/or arbitration. 

  

	11.	If any provision of this Release Agreement is determined by a court of competent jurisdiction to be unenforceable in any respect, then such provision shall be deemed limited and restricted to the maximum extent that the
court shall deem the provision to be enforceable, or, in the event that this is not possible, the provision shall be severed and all remaining provisions shall continue in full force and effect. However, in the event that the waiver or release of
any claim is found to be invalid or unenforceable and cannot be modified as aforesaid, then you agree that you will promptly execute any appropriate documents presented by the Company that would make the waiver or release valid and enforceable to
the maximum extent permitted by law. The invalidity or unenforceability of any provision of this Release Agreement shall not affect the validity or enforceability of any other provision hereof. 

 

	12.	This Release Agreement and the Severance Agreement constitute the complete understanding and agreement between the Company and Executive regarding the subject matter hereof, and supersede all prior discussions,
negotiations and agreements, written or oral, between the parties concerning such subject matter. The terms and conditions of this Release Agreement may be modified and amended only by a written instrument signed by the parties to this Release
Agreement. In the event of a conflict between this Release Agreement and the Severance Agreement, this Release Agreement shall govern. 

  

	13.	This Release Agreement shall in all respects be construed in accordance with and governed by the laws of the State of Illinois (without regard to any provision that would result in the application of the laws of any
other state or jurisdiction). In the event of any dispute or claim relating to or arising out of the Severance Agreement or this Release Agreement, Executive and the Company agree that all such disputes shall be subject to arbitration, as set forth
in Section 5.9 of the Severance Agreement. 

  

	14.	By signing this Release Agreement, you acknowledge and represent that: 

  

	 	a.	you have thoroughly read and understand this Release Agreement, including but not limited to the waiver of claims in Paragraph 4; 

  

	 	b.	you have been given at least [twenty-one (21)][forty-five (45)] days to consider the terms of this Release Agreement [if a RIF, add: and the information conveyed in Exhibit 1], even if you have
decided to execute the Release Agreement before the expiration of the [twenty-one (21)][forty-five (45)] days; 

  

	 	c.	you have been advised to seek legal counsel concerning the terms of this Release Agreement before signing it and have had ample opportunity to do so; 

  
 A-4 

	 	d.	you signed this Release Agreement knowingly and voluntarily, without duress or reservation of any kind; 

  

	 	e.	you are not waiving any claims or rights that may arise after you execute this Release Agreement; and 

  

	 	f.	you understand that this Release Agreement and the Severance Agreement provide consideration greater than that to which you would already be entitled; and 

 

	 	g.	you have the right to revoke this Release Agreement within seven (7) days of signing it by providing written notice of that revocation to the Company to the attention of [insert name and title], it being
understood that such revocation must be received by [insert name and title] during the seven-day period to be effective. 

 If you
agree to the terms set forth above, please sign, date and return the enclosed copy of this Release Agreement to the Company, on or before [insert return date]. 

IN WITNESS WHEREOF, the parties have executed this Release Agreement effective as of the date first above written. 

 

									
	COLEMAN CABLE, INC.	 		 	[EXECUTIVE’S NAME]
				
	By:	 	  
	 		 	  

					
	Its:	 	  
	 		 		 	

  
 A-5EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into effective as of December 19, 2013 (the
“First Amendment Effective Date”), among NRP OIL AND GAS LLC, a Delaware limited liability company (the “Borrower”), each of the Lenders that is a signatory hereto, and WELLS FARGO BANK, N.A., as administrative
agent for the Lenders (in such capacity, together with its successors, the “Administrative Agent”). Unless otherwise expressly defined herein, capitalized terms used but not defined in this Amendment have the meanings assigned to
such terms in the Credit Agreement (as defined below). 
 WITNESSETH: 

WHEREAS, the Borrower, the Administrative Agent and the Lenders have entered into that certain Credit Agreement, dated as of
August 12, 2013 (as the same has been and may hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and 

WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend the Credit Agreement in certain respects as set
forth herein and on the terms and conditions set forth herein and to be effective as of the First Amendment Effective Date; and  

WHEREAS, the Administrative Agent and the Lenders have agreed to amend the Credit Agreement as provided herein subject to the terms and
conditions set forth herein. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, the Borrower, the Administrative Agent and the Lenders hereby agree as follows: 

SECTION 1. Amendments to Credit Agreement. Subject to the satisfaction or waiver in writing of each condition precedent set forth in
Section 3 of this Amendment, and in reliance on the representations, warranties, covenants and agreements contained in this Amendment, the Credit Agreement shall be amended effective as of the First Amendment Effective Date in the manner
provided in this Section 1. 
 1.1 Amended Definitions. The following definitions in Section 1.01 of
the Credit Agreement shall be and they hereby are amended and restated in their respective entireties to read as follows: 

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans and to acquire
participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Credit Exposure hereunder, as such commitment may be (a) modified from time to time pursuant to
Section 2.07 and (b) modified from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04(b), 

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 1	 	

 
and “Commitments” means the aggregate amount of the Commitments of all the Lenders. The amount representing each Lender’s Commitment shall at any time be the lesser of
such Lender’s Maximum Credit Amount and such Lender’s Applicable Percentage of the then effective Borrowing Base. As of the First Amendment Effective Date, the Commitment of each Lender shall be the amount set forth opposite such
Lender’s name on Annex I under the caption “Commitments”. 
 1.2 Additional Definition. The following
definitions shall be and they hereby are added to Section 1.01 of the Credit Agreement in appropriate alphabetical order: 

“Sundance” means Sundance Energy, Inc., a Colorado corporation. 

“Sundance Acquisition” means the acquisition by the Borrower of the Sundance Assets pursuant to the terms and conditions of
the Sundance Acquisition Documents. 
 “Sundance Acquisition Documents” means (a) that certain Purchase and Sale
Agreement dated as of October 30, 2013 between Sundance, as seller, and the Borrower, as buyer, with respect to the acquisition by the Borrower of the Sundance Assets, as amended prior to the date hereof, and (b) all assignments, bills of
sale, side letters and other material agreements, documents and certificates executed and delivered in connection with the Sundance Acquisition, in the case of each of clauses (a) and (b), as the same may be amended supplemented or otherwise
modified from time to time to the extent permitted under Section 6.18. 
 “Sundance Assets” means the
“Assets” (as defined in the Sundance Acquisition Documents). 
 “First Amendment Effective Date” means
December 19, 2013. 
 1.3 Notices Relating to Abraxas Acquisition and Sundance Acquisition. Section 5.01(r) shall be
and it hereby is amended and restated in its entirety to read as follows: 
 (r) Notices Relating to the
Abraxas Acquisition and Sundance Acquisition. In the event that after the Effective Date the Borrower or any Guarantor is required or elects to purchase any of the Abraxas Assets which had been excluded from, or to return any of the Abraxas
Assets which had been included in, the Abraxas Assets in accordance with the terms of the Abraxas Acquisition Documents, or is required to honor any preferential purchase right in respect of any Abraxas Asset which has not been waived, then, in each
such case, the Borrower shall promptly give the Administrative Agent notice in reasonable detail of such circumstances. In the event that after the First Amendment Effective Date the Borrower or any Guarantor is required or elects to purchase any of
the Sundance Assets which had been excluded from, or to return any of the Sundance Assets which had been included in, the Sundance Assets in 

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 2	 	

 
accordance with the terms of the Sundance Acquisition Documents, or is required to honor any preferential purchase right in respect of any Sundance Asset which has not been waived, then, in
each such case, the Borrower shall promptly give the Administrative Agent notice in reasonable detail of such circumstances. 
 1.4
Sundance Acquisition Documents. Section 6.18 shall be and it hereby is added to the Credit Agreement in appropriate numerical order as follows: 

Section 6.18 Sundance Acquisition Documents. Without the prior written consent of the Required Lenders, the
Borrower will not, and will not permit any of the other Loan Parties to, enter into or permit any supplement, modification, amendment, or amendment and restatement of, or waive any right or obligation of any Person under, any of the Sundance
Acquisition Documents that could reasonably be expected to result in a Material Adverse Effect. 
 1.5 Annex I. Annex I of
the Credit Agreement shall be and it hereby is amended and restated in its entirety and replaced with Annex I attached hereto. 
 SECTION
2. Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Borrowing Base Determination to occur on or about November 1, 2013 pursuant to Section 2.08 of the Credit Agreement, and the Administrative
Agent, the Lenders, the Borrower and the Guarantors hereby acknowledge that effective as of the date of this Amendment, the Borrowing Base shall be increased from $8,000,000 to $16,000,000 and such redetermined Borrowing Base, which shall be deemed
to be the November 1, 2013 Scheduled Borrowing Base Determination, shall remain in effect until the earlier of (a) the next redetermination of the Borrowing Base or (b) the date such Borrowing Base is otherwise adjusted pursuant to
the terms of the Credit Agreement.  
 SECTION 3. Conditions. The amendments to the Credit Agreement contained in Section 1 of
this Amendment and the redetermination of the Borrowing Base contained in Section 2 of this Amendment, shall be effective upon the satisfaction of each of the conditions set forth in this Section 3. 

3.1 Execution and Delivery. Each Loan Party, the Lenders, and the Administrative Agent shall have executed and delivered this Amendment
and each other required document, all in form and substance satisfactory to the Administrative Agent. 
 3.2 No Default. No
Default or Event of Default shall exist immediately after giving effect to this Amendment. 
 3.3 Representations and Warranties.
After giving effect to this Amendment, the representations and warranties of each Loan Party contained in the Credit Agreement, this Amendment and the other Loan Documents shall be true and correct in all material respects (without duplication of
any materiality qualifier contained therein) as of the date hereof (except to the extent such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (without duplication
of any materiality qualifier contained therein) only as of such specified date. 

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 3	 	

 3.4 Fees. The Borrower and the Administrative Agent shall have executed and delivered a
fee letter in connection with this Amendment, and the Administrative Agent shall have received the fees separately agreed upon in such fee letter. 

3.5 Mortgage and Title. The Loan Parties shall have executed and delivered to the Administrative Agent Mortgages and title information,
in each case, reasonably satisfactory to the Administrative Agent with respect to the Oil and Gas Properties that are included in the Borrowing Base, or the portion thereof, as required by Sections 5.12 and 5.13 of the Credit Agreement. 

3.6 Existing Liens. The Administrative Agent shall have received evidence reasonably satisfactory to it that upon the consummation of
the Sundance Acquisition, all Liens, other than Permitted Encumbrances, upon the Sundance Assets have been terminated. 
 3.7
Acquisition Certificate. The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying: (i) true, accurate and complete copies of the material Sundance Acquisition Documents, (ii) that
the Borrower has consummated the Sundance Acquisition, substantially in accordance with the terms of the Sundance Acquisition Documents (without waiver or amendment of any material term or condition thereof not otherwise acceptable to the
Administrative Agent) and that the Borrower acquired all of the Sundance Assets contemplated by the Sundance Acquisition Documents and (iii) as to the purchase price determined by the Sundance Acquisition Documents for the Sundance Assets after
giving effect to all adjustments as of the closing date contemplated by the Sundance Acquisition Documents. 
 3.8 Equity
Contribution. Administrative Agent shall have received evidence satisfactory to it that Natural Resource Partners shall have made an equity contribution, on or before the First Amendment Effective Date, to the Borrower in an amount sufficient
for the Borrower to use the proceeds thereof to consummate the Sundance Acquisition. 
 3.9 Other Documents. The
Administrative Agent shall have received such other instruments and documents incidental and appropriate to the transactions provided for herein as the Administrative Agent or its special counsel may reasonably request, and all such documents shall
be in form and substance satisfactory to the Administrative Agent. 
 SECTION 4. Representations and Warranties of Loan Parties. To induce the
Lenders to enter into this Amendment, each Loan Party hereby represents and warrants to the Lenders as follows: 
 4.1
Reaffirmation of Representations and Warranties/Further Assurances. After giving effect to the amendments and waivers herein, each representation and warranty of such Loan Party contained in the Credit Agreement and in each of the other Loan
Documents is true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of the date hereof (except to the extent such representations and warranties specifically refer to an earlier date, in
which case they are true and correct in all material respects (without duplication of any materiality qualifier contained therein) only as of such specified date. 

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 4	 	

 4.2 Corporate Authority; No Conflicts. The execution, delivery and performance by each
Loan Party (to the extent a party hereto or thereto) of this Amendment and the Sundance Acquisition Documents and all documents, instruments and agreements contemplated herein and therein are within such Loan Party’s corporate or other
organizational powers, have been duly authorized by necessary action, require no action by or in respect of, or filing with, any court or agency of government, except such as have been obtained or made and are in full force and effect and except for
(i) filings necessary to perfect Liens created pursuant to this Amendment and the other Loan Documents, (ii) those third party approvals or consents which, if not made or obtained, would not cause a Default under this Amendment or the
other Loan Documents, could not reasonably be expected to have a Material Adverse Effect or do not have an adverse effect on the enforceability of this Amendment or the other Loan Documents and (iii) those consents, approvals or filings that
are customarily obtained after the closing of an acquisition of Oil and Gas Properties, and do not violate or constitute a default under any provision of any applicable law or any indenture, agreement or other instrument evidencing Material
Indebtedness or a Material Sales Contract binding upon any Loan Party (including the Sundance Acquisition Documents in respect of the execution, delivery and performance of this Amendment) or result in the creation or imposition of any Lien upon any
of the assets of any Loan Party except for Permitted Liens and otherwise as permitted in the Credit Agreement. 
 4.3
Enforceability. This Amendment and the Sundance Acquisition Documents constitute the valid and binding obligation of the Borrower and each other Loan Party enforceable in accordance with their terms, except as (i) the enforceability thereof
may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditor’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application.

 4.4 No Default. As of the date hereof, immediately after giving effect to this Amendment, no Default or Event of Default has
occurred and is continuing. 
 SECTION 5. Miscellaneous. 

5.1 Post-Closing Mortgage and Assignment Approval. On or before the date that is thirty (30) days after the First Amendment
Effective Date (or such later date as Administrative Agent may agree in its reasonable discretion), the Administrative Agent shall have received a certificate from a Responsible Officer of the Borrower certifying that (i) attached thereto are
true, accurate and complete copies of the applicable Sundance Acquisition Documents that are required to be filed with the Bureau of Indian Affairs and/or any Indian tribe under applicable law and (ii) such Sundance Acquisition Documents have
been properly submitted for approval in the appropriate filing office of the Bureau of Indian Affairs. Within three (3) Business Days after the Borrower receives notice of the approval or rejection of the filing of any applicable Sundance
Acquisition Document by the Bureau of Indian Affairs or any Indian tribe, Borrower shall notify the Administrative Agent of such approval or rejection and deliver to the Administrative Agent evidence of such approval or rejection along with the
applicable Sundance Acquisition Document approved or rejected.  

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 5	 	

 5.2 Reaffirmation of Loan Documents and Liens. Any and all of the terms and provisions of
the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect and are hereby in all respects ratified and confirmed by each Loan Party. Each Loan Party hereby agrees that the amendments and
modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of any Loan Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof. Each
Guarantor party hereto (i) consents and agrees to this Amendment, and (ii) agrees that the Loan Documents to which it is a party (including, without limitation, the Guaranty) shall remain in full force and effect and shall continue to be
the legal, valid and binding obligation of the undersigned, enforceable against it in accordance with its terms. 
 5.3 Parties in
Interest. All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns. 

5.4 Legal Expenses. Each Loan Party hereby agrees to pay all reasonable fees and expenses of special counsel to the Administrative
Agent incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and all related documents. 

5.5 Counterparts. This Amendment may be executed in one or more counterparts and by different parties hereto in separate counterparts
each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a
single counterpart so that all signature pages are physically attached to the same document. Delivery of photocopies of the signature pages to this Amendment by facsimile or electronic mail shall be effective as delivery of manually executed
counterparts of this Amendment. 
 5.6 Complete Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

5.7 Headings. The headings, captions and arrangements used in this Amendment are, unless specified otherwise, for convenience only and
shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof. 
 5.8 Governing
Law. This Amendment shall be construed in accordance with and governed by the laws of the State of Texas. 
 5.9 Reference to and
Effect on the Loan Documents. 
 (a) This Amendment shall be deemed to constitute a Loan Document for all purposes and in all respects.
Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import, and each reference in the Credit Agreement or in any other Loan Document, or other
agreements, documents or other instruments executed and delivered pursuant to the Credit Agreement to the “Credit Agreement”, shall mean and be a reference to the Credit Agreement as amended by this Amendment. 

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 6	 	

 (b) the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of
any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

[Signature pages follow.] 

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	PAGE 7	 	

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

			
	BORROWER:
	
	NRP OIL AND GAS
		
	By:	 	Dwight L. Dunlap
		 	  

	Name:	 	Dwight L. Dunlap
	Title:	 	Chief Financial Officer and Treasurer

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	SIGNATURE PAGE	 	

 
			
	WELLS FARGO BANK, N.A.,
	
	as Administrative Agent, Issuing Lender and a Lender
		
	By:	 	/s/ Brett A. Steele
		 	  

	Name:	 	Brett A. Steele
	Title:	 	Vice President

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	SIGNATURE PAGE	 	

 ANNEX I 

MAXIMUM CREDIT AMOUNTS, APPLICABLE PERCENTAGES, AND COMMITMENTS 

 

															
	 Lender
	  	Title	  	Applicable
Percentages	 	 	Commitment	 	  	Maximum Credit
Amounts	 
	 Wells Fargo Bank , N.A.
	  	Administrative
Agent	  	 	100.00	% 	 	$	16,000,000	  	  	$	100,000,000	  
	 TOTAL
	  		  	 	100.00	% 	 	$	16,000,000	  	  	$	100,000,000	  

  

					
	 NRP OIL AND GAS LLC
	 		 	
	FIRST AMENDMENT TO CREDIT AGREEMENT	 	ANNEX I

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]