Document:

exh10h.htm

    Exhibit
10(h)

    

    Arabian
American Development Company

    10830
North Central Expressway, Suite 175

    Dallas,
Texas 75231

    (214)
692-7872

    

    Retirement
Awards Program

    January
15, 2008

    

    Hatem
El-Khalidi

    10830 N.
Central Expressway

    Dallas,
TX  75231

    

    Dear Mr.
El-Khalidi,

    

    This
letter will serve to formalize amendment to the terms and conditions of our
agreement concerning your pending retirement as President of Arabian American
Development Co. et al. and to recognize the forty years of service to the
Company.  This agreement is entered into for the benefit of the
Company, recognizing your long service, expertise, and history in the areas of
marketing, contract negotiations, and mineral development and the role you have
played in these areas.  The following shall replace the “Retirement
Awards Program” dated February 23, 2007 and shall take effect upon your official
retirement from the Company:

    

    
      	
              1.  

            	
              The
      Company will pay you six thousand dollars ($6,000.00) per month promptly
      on the first day of each month for the remainder of your natural
      life.

            

    

    

    
      	
              2.  

            	
              Subsequent
      to your passing, the Company will pay your surviving spouse, Ingrid
      El-Khalidi, a sum of four thousand dollars ($4,000.00) per month promptly
      on the first day of each month for the remainder of her natural
      life.

            

    

    

    
      	
              3.  

            	
              Additionally,
      you may participate in the Employees Group Health Insurance program as
      provided to employees of the Company, the premium of which will be fully
      funded by the Company.  The Company shall not be obligated to
      provide any health insurance coverage other than that offered to any
      regular employee in its normal benefits program, which may change from
      time to time.  This benefit shall be available to yourself and
      to Ingrid El-Khalidi for each of your natural lives and shall not apply to
      any other parties, whether related, dependent upon you, or associated with
      you in any way.

            

    

    

    These
terms are within the standard practices afforded other former employees upon
their retirement.  The forgoing represents the entire agreement
whereby the Company wishes to reward you for past service.  There are
no warranties or intentions other than those

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    stated
above.  We have discussed the option of purchasing an annuity to
ensure the benefits listed would be available to you under any change of the
Company’s financial position or ownership and have agreed that this option may
continue for discussion at a future date.  If this accurately sets
forth your understanding, please sign below as indicated and return an executed
copy to me for my files.

    Sincerely,

    

    /s/ Nick
Carter

    

    Nick
Carter

    Executive
Vice President

    Arabian
American Development Co.

    

    

    

    Agreed
and accepted 10 Feb, 2008.

    

    /s/ Hatem
El-Khalidi

    _____________________________________

    Hatem
El-Khalidi

    

    

    STATE OF
TEXAS

    

    COUNTY OF
HARDIN

    

    BEFORE
ME, the undersigned authority, on this day personally appeared Nicholas Carter,
an officer whose name is subscribed to the foregoing instrument, and
acknowledged to me that he executed the same for the purposes and consideration
therein expressed, in the capacity therein stated, and as the act ad deed of
said corporation.

    

    GIVEN
UNDER MY HAND AND SEAL OF OFFICE, this the 5th day of February,
2008.

    

    My
Commission expires:                                   
Connie J Cook

                                                                                  
Notary
Public in and for

                               The State of
Texasexhibit10pnt2.htm

     

    Exhibit 10.2

     

     

    

      FIRST
AMENDMENT

      TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT

      

       

      This
FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of April
30, 2008, is among COMSTOCK RESOURCES, INC. (the “Borrower”), the banks named on
the signature pages hereto (together with their respective successors and
assigns in such capacity, each as a “Lender”), and BANK OF
MONTREAL, as administrative agent for the Lenders (in such capacity, together
with its successors and assigns, the “Administrative
Agent”).

       

      PRELIMINARY
STATEMENT

       

      A.           The
Borrower, the Administrative Agent, the Lenders and certain other parties have
entered into that certain Second Amended and Restated Credit Agreement dated as
of December 15, 2006 (as amended, restated, modified or supplemented from
time to time until the date hereof, the “Credit
Agreement”).

       

      B.           The
Borrower has requested that the Administrative Agent and the Lenders increase
the Borrowing Base in respect of the Spring 2008 redetermination, as set forth
herein.

       

      C.           The
Borrower has requested that the Credit Agreement be amended and modified to
allow JPMorgan Chase Bank, N.A. (“JPMorgan”) and SunTrust Bank
(“SunTrust”; and
together with JPMorgan, collectively, the “New Lenders”) to become
“Lenders” party to the Credit Agreement, as set forth herein.

       

      D.           The
Borrower intends to sell, assign, transfer and convey through one or more
Dispositions (collectively, the “Permitted Dispositions”) those
certain Oil and Gas Properties of the Borrower or another Loan Party comprising
certain midcontinent and Rocky Mountain oil and gas properties (the “Mid-Con and Rockies
Properties”); certain east Texas oil and gas properties (the “East Texas Properties”); and
certain south Texas oil and gas properties (the “South Texas Properties”), all
as more particularly described on Exhibit A, attached hereto and
incorporated herein.

       

      E.           Subject
to the terms and conditions of this Amendment, the Lenders party to the Credit
Agreement immediately prior to the effectiveness of this Amendment, the New
Lenders, the Administrative Agent and the Issuing Bank have agreed to enter into
this Amendment in order to effectuate such amendments and modifications,
increase the Borrowing Base and permit the Permitted Dispositions, all as set
forth herein.

       

      NOW
THEREFORE, in consideration of the foregoing and the mutual agreements set forth
herein, the parties agree as follows:

       

      Section
1.   Definitions.  Unless
otherwise defined in this Amendment, each capitalized term used in this
Amendment has the meaning assigned to such term in the Credit
Agreement.

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      Section
2.   Amendment of
Credit Agreement.

       

                      (a) The
Credit Agreement is hereby amended by deleting the existing Schedule 2.1 to the
Credit Agreement and inserting in its place the text contained in Attachment 1
attached to this Amendment as the new Schedule 2.1 to the Credit
Agreement.

       

                      (b) The
Credit Agreement is hereby amended by inserting at the end of the existing
Schedule 10.2 to the Credit Agreement the text contained in Attachment 2
attached to this Amendment.

       

      Section
3.   JPMorgan and
SunTrust as Lenders.

       

                      (a) Upon the
effectiveness of this Amendment and by its execution and delivery hereof, each
of JPMorgan and SunTrust shall be deemed automatically to have become a party to
the Credit Agreement, shall have all the rights and obligations, severally and
not jointly, of a “Lender” under the Credit Agreement and the other Loan
Documents as if each were an original signatory thereto, and shall agree, and
does hereby agree, severally and not jointly, to be bound by the terms and
conditions set forth in the Credit Agreement and the other Loan Documents to
which the Lenders are a party, in each case, as if each were an original
signatory thereto.

       

                      (b) Each of
JPMorgan and SunTrust, severally and not jointly, (i) confirms that it has
received a copy of the Credit Agreement, together with copies of the financial
statements referred to in Section 5.5 thereof and most recently delivered
pursuant to Section 6.1 thereof and such other documents and information as it
has deemed appropriate to make its own credit analysis and decision to enter
into this Amendment and the Credit Agreement; (ii) agrees that it has
independently and without reliance upon the Assignor or the Administrative Agent
and based on such information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Amendment and the Credit Agreement (and
that it will, independently and without reliance upon the Administrative Agent,
the Issuing Bank, the Arranger 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 Credit Agreement);
(iii) represents and warrants that (1) its name set forth herein is its
legal name, (2) it has the full power and authority and the legal right to make,
deliver and perform, and has taken all necessary action, to authorize the
execution, delivery and performance of this Amendment, and any and all other
documents delivered by it in connection herewith and to fulfill its obligations
under, and to consummate the transactions contemplated by, this Amendment, the
Credit Agreement and the Loan Documents, (3) no consent or authorization of,
filing with, or other act by or in respect of any Governmental Authority, is
required in connection herewith or therewith, and (4) this Amendment constitutes
its legal, valid and binding obligation; (iv) appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise
such powers and discretion under the Loan Documents as are delegated to the
Administrative Agent by the terms thereof, together with such powers and
discretion as are reasonably incidental thereto; (v) appoints and authorizes the
Issuing Bank to take such action as letter of credit issuing bank on its behalf
and to exercise such powers and discretion under the Loan Documents as are
delegated to the Issuing Bank by the terms thereof, together with such powers
and discretion as are reasonably incidental thereto; (vi) agrees that it will
perform in accordance with their terms all of the obligations that by the terms
of the Credit Agreement are required to be performed by it as a Lender; and
(vii) represents and warrants that under applicable Laws no tax will be required
to be withheld by the Administrative Agent or the Borrower with respect to any
payments to be made to such New Lender hereunder or under any Loan Document, and
no tax forms described in Section 3.8 of the Credit Agreement are required
to be delivered by such New Lender (or if required, such tax forms have been
delivered to the Administrative Agent as required under Section 3.8 of the
Credit Agreement).

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
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                      (c) Each of
JPMorgan and SunTrust hereby advises each other party hereto that its respective
address for notices and its respective Lending Office shall be as set forth
below its name on Schedule 10.2 to the Credit Agreement (as amended
hereby).

       

      Section
4.   Redetermination
of Borrowing Base.

       

                      (a) Upon the
satisfaction of the conditions set forth in Section 11 below, the Borrowing Base
shall be, and hereby is, increased by $50,000,000 to $625,000,000 (the “Borrowing Base Increase”),
which Borrowing Base shall remain in effect until the Borrowing Base shall be
(i) reduced from time to time in accordance with clause (b) of this
Section 4, (ii) otherwise redetermined or adjusted in accordance with
Section 2.8 of the Credit Agreement, or (iii) otherwise agreed in
accordance with the Credit Agreement.

       

                      (b) Concurrently
with the consummation of:

       

          (i) the
Disposition of the Mid-Con and Rockies Properties, the Borrowing Base then in
effect shall automatically be reduced by $15,000,000, provided that to the
extent that the Borrower or any of its Subsidiaries Disposes of less than all of
the Mid-Con and Rockies Properties (whether through one or more Dispositions),
the Borrowing Base then in effect shall automatically be reduced concurrently
with the consummation of each such Disposition by an amount equal to the
proportion of $15,000,000 that those Mid-Con and Rockies Properties sold,
assigned, transferred or conveyed bears to the aggregate value all Mid-Con and
Rockies Properties (determined, in each case, by reference to the most recently
delivered Engineering Report), as such amount may be rounded upwards (e.g., the
resulting Borrowing Base shall be rounded downwards) to the nearest integral of
$1,000,000 (or to such other amount as may be mutually agreed between the
Administrative Agent and the Borrower); provided, however, that the aggregate
amount of reductions attributable to Dispositions of Mid-Con and Rockies
Properties shall not exceed $15,000,000;

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
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      (ii) the
Disposition of the East Texas Properties, the Borrowing Base then in effect
shall automatically be reduced by $20,000,000, provided that to the extent that
the Borrower or any of its Subsidiaries Disposes of less than all of the East
Texas Properties (whether through one or more Dispositions), the Borrowing Base
then in effect shall automatically be reduced concurrently with the consummation
of each such Disposition by an amount equal to the proportion of $20,000,000
that those East Texas Properties sold, assigned, transferred or conveyed bears
to the aggregate value all East Texas Properties (determined, in each case, by
reference to the most recently delivered Engineering Report), as such amount may
be rounded upwards (e.g., the resulting Borrowing Base shall be rounded
downwards) to the nearest integral of $1,000,000 (or to such other amount as may
be mutually agreed between the Administrative Agent and the Borrower); provided,
however, that the aggregate amount of reductions attributable to Dispositions of
East Texas Properties shall not exceed $20,000,000;

       

      (iii) the
Disposition of the South Texas Properties, the Borrowing Base then in effect
shall automatically be reduced by $15,000,000, provided that to the extent that
the Borrower or any of its Subsidiaries Disposes of less than all of the South
Texas Properties (whether through one or more Dispositions), the Borrowing Base
then in effect shall automatically be reduced concurrently with the consummation
of each such Disposition by an amount equal to the proportion of $15,000,000
that those South Texas Properties sold, assigned, transferred or conveyed bears
to the aggregate value all South Texas Properties (determined, in each case, by
reference to the most recently delivered Engineering Report), as such amount may
be rounded upwards (e.g., the resulting Borrowing Base shall be rounded
downwards) to the nearest integral of $1,000,000 (or to such other amount as may
be mutually agreed between the Administrative Agent and the Borrower); provided,
however, that the aggregate amount of reductions attributable to Dispositions of
South Texas Properties shall not exceed $15,000,000;

       

      and
further provided that, for the avoidance of doubt, it is expressly acknowledged
and agreed that each of the foregoing reductions in the Borrowing Base shall be
cumulative and that the order of the consummation of each, if any, is irrelevant
to the application of this clause (b).

       

                      (c) Both the
Borrower, on the one hand, and the Administrative Agent and the Lenders, on the
other hand, agree that none of the redeterminations of the Borrowing Base
pursuant to this Section 4 shall constitute an unscheduled redetermination of
the Borrowing Base for purposes of Section 2.8 of the Credit
Agreement.

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
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      Section
5.   Waiver of Section
7.5 of Credit Agreement.  The provisions of Section 7.5 of
the Credit Agreement (which prohibit the Borrower from, or permitting any of its
Restricted Subsidiaries from, Disposing of Oil and Gas Properties (among other
things) subject to certain permitted exceptions more particularly set forth
therein) is hereby waived insofar as, and only insofar as, the Borrower shall be
permitted to, or to permit any of its Restricted Subsidiaries to, consummate the
applicable Permitted Disposition.  For the avoidance of doubt, it is
acknowledged and agreed that the reductions in the amount of the Borrowing Base
in effect immediately prior to the consummation of any applicable Permitted
Disposition set forth in Section 4 above shall be in lieu of any reduction
that would otherwise be required, if any, pursuant to Section 7.5(e) of the
Credit Agreement.

       

      Section
6.   Expiration of
Waiver and Automatic Borrowing Base Reductions.  The forgoing
waiver of Section 7.5 of the Credit Agreement (set forth in Section 5
of this Amendment) and the automatic reductions to the Borrowing Base as a
result of any Permitted Disposition (set forth in Section 4(b) of this
Amendment) shall expire and terminate concurrently with the date on which the
next regularly scheduled redetermination of the Borrowing Base becomes effective
in the Fall 2008, provided that such expiration and termination shall not
in any way invalidate any Permitted Disposition consummated prior to such
date.

       

      Section
7.   Consent to
Release of Liens.  By executing this Amendment, each Lender
(including each New Lender) hereby consents to the execution by the
Administrative Agent and delivery to the Borrower or to its designee from time
to time concurrently with the consummation of the applicable Permitted
Disposition of one or more releases of Liens held by the Administrative Agent
for the benefit of the Lenders (including the New Lenders) with respect to all
Oil and Gas Properties (and associated personal property) sold, assigned,
transferred or conveyed.

       

      Section
8.   Covenant to Give
Notice of Permitted Disposition; Repay Borrowing Base
Deficiency.  The Borrower covenants and agrees that it
shall:

       

                      (a) Concurrently
with the consummation of any Permitted Disposition, give notice in reasonable
detail to the Administrative Agent of such Permitted Disposition;
and

       

                      (b) Notwithstanding
the provisions of Section 2.4.2(ii)(A) of the Credit Agreement, pay or cause to
be paid the amount of any Borrowing Base Deficiency (if any) that results from
the automatic application of the provisions of Section 4(b) of this
Amendment upon the consummation of any Permitted Disposition within one (1)
Business Day of such Permitted Disposition in an amount equal to 100% of such
Borrowing Base Deficiency.

       

      Section
9.   Fees.  Promptly
following the Increase Date, the Borrower shall pay to the Administrative Agent
for the account of each New Lender a fee equal to 0.20% of each New Lender’s
Percentage Share of $625,000,000 after giving effect to this
Amendment.

       

           
Section 10.      
Ratification.  The Borrower hereby ratifies and confirms all of
the Obligations under the Credit Agreement (as amended hereby) and the other
Loan Documents, and, in particular, affirms that the terms of the Security
Documents secure, and will continue to secure, all Obligations, after giving
effect to this Amendment.

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
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      Section
11.   
Effectiveness.  This Amendment shall become effective on the
first date on which all of the conditions set forth in this Section 11 are
satisfied:

       

                (a) The
Administrative Agent shall have received duly executed counterparts of this
Amendment from the Borrower, the Administrative Agent and each of the Lenders
(including each of the New Lenders);

       

                (b) The
Borrower shall have delivered to the Administrative Agent on behalf of each
Lender (including each New Lender) a promissory note dated the Closing Date and
payable to each such Lender in a maximum principal amount equal to such Lender’s
Percentage Share (as shown on Attachment 1 hereto) of $625,000,000 after giving
effect to this Amendment;

       

                (c) The
Borrower shall have delivered to the Administrative Agent such certified
resolutions or other action and other certificates of Responsible Officers of
each Loan Party as the Administrative Agent may require to verify the authority
and capacity of each Responsible Officer thereof authorized to act as a
Responsible Officer in connection with this Amendment and the other Loan
Documents to which such Loan Party is a party;

       

                (d) The
Borrower shall have delivered to the Administrative Agent an opinion of counsel
to each Loan Party in form and substance reasonably satisfactory to the
Administrative Agent covering the transactions contemplated by this
Amendment;

       

                (e) The
Administrative Agent shall have received a Form U-1 or an amendment to any
previously delivered Form U-1, together with all annexes or schedules
thereto and any other documents or information related thereto as may be
requested by the Administrative Agent or any Lender, for each Lender duly
completed and executed by the Borrower in form and substance acceptable to each
Lender (as evidenced by each Lender having executed and returned a copy of its
respective Form U-1) demonstrating compliance with Regulation U issued
by the Board after giving effect to the Borrowing Base Increase;
and

       

                (f) The
Borrower shall have confirmed and acknowledged to the Administrative Agent and
the Lenders, and by its execution and delivery of this Amendment, the Borrower
does hereby confirm and acknowledge to the Administrative Agent and the Lenders,
that (i) the execution, delivery and performance of this Amendment has been duly
authorized by all requisite corporate action on the part of the Borrower; (ii)
the Credit Agreement (as amended hereby) and each other Loan Document constitute
valid and legally binding agreements enforceable against the Borrower and each
other Loan Party that is a party thereto in accordance with their respective
terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer or other similar laws relating
to or affecting the enforcement of creditors’ rights generally and by general
principles of equity, (iii) the representations and warranties by the Borrower
and the other Loan Parties contained in the Credit Agreement and in the other
Loan Documents are true and correct on and as of the date hereof in all material
respects as though made as of the date hereof, and (iv) no Default or Event of
Default exists under the Credit Agreement or any of the other Loan
Documents.

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
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      Section
12.    Renewal
and Continuation of Existing Loans.  Upon the effectiveness of
this Amendment:

       

                      (a) All of
the Obligations outstanding under the Credit Agreement as of the date of such
effectiveness shall hereby be restructured, rearranged, renewed, extended and
continued under the Credit Agreement (as amended hereby) and all Loans
outstanding under the Credit Agreement as of the date of such effectiveness
shall hereby become Loans outstanding under the Credit Agreement (as amended
hereby).

       

                      (b) In
connection herewith, the Lenders party to the Credit Agreement immediately prior
to the effectiveness of this Amendment (each, an “Existing Lender”) hereby sell,
assign, transfer and convey, and each of JPMorgan and SunTrust hereby purchases
and accepts, so much of the Aggregate Commitments under, Loans outstanding
under, and participations in Letters of Credit issued pursuant to, the Credit
Agreement such that the Percentage Share of each Lender (including the Existing
Lenders and each of JPMorgan and SunTrust) shall be as set forth on Schedule 2.1
to the Credit Agreement (as amended hereby).  The foregoing
assignments, transfers and conveyances are without recourse to the Existing
Lenders and without any warranties whatsoever by the Administrative Agent, the
Issuing Bank or any Existing Lender as to title, enforceability, collectibility,
documentation or freedom from liens or encumbrances, in whole or in part, other
than the warranty of each Existing Lender that it has not previously sold,
transferred, conveyed or encumbered such interests.

       

      Section
13.   
Representations of Existing Lenders.  Each Existing Lender
represents and warrants to the Administrative Agent, each other Existing Lender
and each New Lender that (1) it has the power and authority and the legal
right to make, deliver and perform, and has taken all necessary action, to
authorize the execution, delivery and performance of this Amendment and to
fulfill its obligations under, and to consummate the transactions contemplated
by, this Amendment, and no consent or authorization of, filing with, or other
act by or in respect of any Governmental Authority, is required in connection
herewith or therewith; and (2) this Amendment constitutes the legal, valid
and binding obligation of such Existing Lender.  None of the
Administrative Agent, the Issuing Bank or any Existing Lender makes any
representation or warranty or assumes any responsibility with respect to the
financial condition of the Borrower or any of its Affiliates or the performance
by the Borrower or any of its Affiliates of their respective obligations under
the Loan Documents, and none of the Administrative Agent, the Issuing Bank or
any Existing Lender assumes any responsibility with respect to any statements,
warranties or representations made under or in connection with any Loan Document
or the execution, legality, validity, enforceability, genuineness, sufficiency
or value of any Loan Document other than as expressly set forth
above.

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
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      Section
14.    Governing
Law.  This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

       

      Section
15.   
Miscellaneous.  (a) On and after the effectiveness of this
Amendment, each reference in each Loan Document to “this Amendment”,
“this Note”,
“this
Mortgage”, “hereunder”, “hereof” or words of
like import, referring to such Loan Document, and each reference in each other
Loan Document to “the
Credit Agreement”, “the Notes”, “the Mortgages”,
“thereunder”,
“thereof” or
words of like import referring to the Credit Agreement, the Notes, or the
Mortgage or any of them, shall mean and be a reference to such Loan Document,
the Credit Agreement, the Notes, the Mortgage or any of them, as amended or
otherwise modified by this Amendment; (b) the execution, delivery and
effectiveness of this Amendment shall not, except as expressly provided herein,
operate as a waiver of any default of the Borrower or any right, power or remedy
of the Administrative Agent or the Banks under any of the Loan Documents, nor
constitute a waiver of any provision of any of the Loan Documents and except as
otherwise modified by the terms hereof, the Credit Agreement and such other Loan
Documents shall remain in full force and effect; (c) this Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement; and (d) delivery of an executed counterpart of a signature page
to this Amendment by telecopier shall be effective as delivery of a manually
executed counterpart of this Amendment.

       

      Section
16.    Final
Agreement.  THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS,
INCLUDING THIS AMENDMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES.  THERE ARE NO ORAL AGREEMENTS BETWEEN THE
PARTIES.

       

      [Signature
Pages Follow]

       

      

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
           

        

        
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      IN
WITNESS WHEREOF, each of the parties hereto has caused this First Amendment to
Second Amended and Restated Credit Agreement to be executed by its officer(s)
thereunto duly authorized as of the date first above written.

       

      BORROWER:

       

      COMSTOCK RESOURCES,
INC.,

      a Nevada
corporation

      

       

      By:  /s/ ROLAND O.
BURNS

      Name: Roland
O. Burns

      Title:Chief
Financial Officer

       

       

      ADMINISTRATIVE AGENT AND
LENDERS:

       

      BANK OF MONTREAL, as Administrative Agent
and a Lender

       

       

      By:  /s/ JOSEPH A.
BLISS                  

      Name: Joseph
A. Bliss

      Title: Managing
Director

      

       

      BMO CAPITAL MARKETS

      FINANCING, INC., as
Lender

      

       

      By:  /s/ MARY LOU
ALLEN                                                                           

      Name: Mary
Lou Allen

      Title: Vice
President

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
            
              	 
      	
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      BANK OF AMERICA, N.A., as a
Lender

       

      By:  /s/ STEPHEN J.
HOFFMAN

      Name: Stephen
J. Hoffman

      Title: Managing
Director

       

       

      COMERICA BANK, as a
Lender

      

       

      By:  /s/ PETER L.
SEFZIK                                                             

      Name: Peter
L. Sefzik

      Title: Vice
President

       

       

      FORTIS CAPITAL CORP., as a
Lender

      

       

      By:  /s/ DAVID
MONTGOMERY

      Name: David
Montgomery

      Title: Director

       

       

      By:  /s/ ILENE
FOWLER                                                                         

      Name: Ilene
Fowler

      Title: Director

       

       

      UNION
BANK OF CALIFORNIA, N.A.,

      as a
Lender

       

       

      By:  /s/ SEAN
MURPHY                                                                         

      Name: Sean
Murphy

      Title: Sr.
Vice President

       

       

      BANK OF SCOTLAND, as a
Lender

      

       

      By:  /s/ KAREN
WELCH                                                                         

      Name: Karen
Welch

      Title: Vice
President

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
            
              	 
      	
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      2

                    	 
      

            

            

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      CALYON NEW YORK BRANCH, as a
Lender

      

       

      By:  /s/ MICHAEL
WILLIS                                                                         

      Name: Michael
Willis

      Title: Director

       

       

      By:  /s/ TOM
BYARGEON                                                                         

      Name:  Tom
Byargeon

      Title: Managing
Director

       

       

      THE ROYAL BANK OF SCOTLAND
plc,

      as a
Lender

       

       

      By:  /s/ LUCY
WALKER                                                                         

      Name: Lucy
Walker

      Title: Vice
President

       

       

      THE BANK OF NOVA SCOTIA, as a
Lender

      

       

      By:  /s/ DAVID
MILLS                                                                         

      Name: David
Mills

      Title: Director

       

       

      REGIONS BANK, successor by merger to
AmSouth Bank, as a Lender

      

       

      By:  /s/ WILLIAM A.
PHILIPP

      Name: William
A. Philipp

      Title: Vice
President

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
            
              	 
      	
                      S -
      3

                    	 
      

            

            

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      COMPASS BANK, as a
Lender

      

       

      By:  /s/ DOROTHY
MARCHAND

      Name: Dorothy
Marchand

      Title: Senior
Vice President

       

       

      CAPITAL ONE, NATIONAL
ASSOCIATION,

      as a
Lender

      

       

      By:  /s/ NANCY M.
MAK                                                                         

      Name: Nancy
M. Mak

      Title:Assistant
Vice President

       

       

      NATIXIS, as a
Lender

      

       

      By:  /s/ DONOVAN C.
BROUSSARD

      Name:Donovan
C. Broussard

      Title: Managing
Director

       

       

      By:  /s/ LIANA
TCHERNYSHEVA

      Name: Liana
Tchernysheva

      Title: Director

       

       

      U.S. BANK NATIONAL
ASSOCIATION,

      as a
Lender

      

       

      By:  /s/ DARIA M.
MAHONEY

      Name: Daria
M. Mahoney

      Title: Vice
President

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
            
              	 
      	
                      S -
      4

                    	 
      

            

            

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      KEYBANK NATIONAL
ASSOCIATION,

      as a
Lender

       

       

      By:  /s/ THOMAS
RAJAN                                                                         

      Name: Thomas
Rajan

      Title: Managing
Director

       

       

      JPMORGAN CHASE BANK,
N.A.,

      as a
Lender

      

       

      By:  /s/ ELIZABETH
PAVLAS

      Name: Elizabeth
Pavlas

      Title: Vice
President

       

       

      SUNTRUST BANK,

      as a
Lender

      

       

      By:  /s/ YANN
PIRIO                                                                         

      Name: Yann
Pirio

      Title: Director

       

      

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
            
              	 
      	
                      S -
      5

                    	 
      

            

            

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      ACKNOWLEDGMENT
BY GUARANTORS

       

      Each of
the undersigned Guarantors hereby (i) consents to the terms and conditions of
that certain First Amendment to Second Amended and Restated Credit Agreement
dated as of April 30, 2008 (the “Amendment”), (ii) acknowledges and
agrees that its consent is not required for the effectiveness of the Amendment,
(iii) ratifies and acknowledges its respective Obligations under each Loan
Document to which it is a party and affirms that the terms of its respective
Guaranty guarantees, and will continue to guarantee, the Obligations, after
giving effect to the Amendment, and (iv) represents and warrants that
(a) no Default or Event of Default has occurred and is continuing, (b) it
is in full compliance with all covenants and agreements pertaining to it in the
Loan Documents, and (c) it has reviewed a copy of the Amendment.

       

      COMSTOCK
OIL & GAS HOLDINGS, INC.

      COMSTOCK
OIL & GAS - LOUISIANA, LLC

      COMSTOCK
OFFSHORE, LLC

      COMSTOCK
OIL & GAS GP, LLC,

            By
Comstock Resources, Inc., its sole member

      COMSTOCK
OIL & GAS, LP,

       

       

            By
Comstock Oil & Gas GP, LLC,

            its
general partner,

       

            By
Comstock Resources, Inc., its sole member

       

      By:  /s/ ROLAND O.
BURNS

      Name: Roland
O. Burns

      Title:Chief
Financial Officer

       

      

      COMSTOCK
OIL & GAS INVESTMENTS, LLC

       

       

      By:  /s/ ROLAND O.
BURNS

      Name: Roland
O. Burns

      Title: Manager

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      

      
        
          
            
              	 
      	
                      S -
      6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]