Document:

exv10w2

Exhibit 10.2

	 	 	 	 	 

AMENDMENT TO EMPLOYMENT AGREEMENT

WITH SCOTT D. PETERS

     THIS AMENDMENT (this “Amendment”), effective as of May 20, 2010, by and between Healthcare
Trust of America, Inc., a Maryland corporation (the “Company”), and Scott D. Peters
(“Executive”), amends that certain Employment Agreement, dated as of July 1, 2009, by and
between the Company and Executive (the “Employment Agreement”).

     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, the parties
hereto agree to amend the Employment Agreement as follows:

     1. The subsection of Section 5 entitled “Equity Compensation — Annual Share Grants” is hereby
deleted in its entirety and replaced with the following:

“Equity Compensation — Annual Share Grants

          The Executive previously received a grant of 40,000 restricted Shares (the
“Original Restricted Shares”), as set forth in the Initial Agreement. Such Original
Restricted Shares shall vest in the time and manner set forth on that certain Restricted
Stock Agreement dated November 14, 2008. The Original Restricted Shares were granted
pursuant to, and will remain subject to the terms and conditions of the Plan.

          Subject to the approval of the Board of Directors and the conditions and restrictions
herein, the Company will grant to the Executive an additional 100,000 restricted Shares of
the Company’s Common Stock on the Effective Date and, for so long as the Executive remains
employed by the Company, the Company will further grant 120,000 restricted Shares of the
Company’s Common Stock on each of the first three (3) anniversaries of the Effective Date,
for a total of 460,000 restricted Shares of the Company’s Common Stock (individually, the
“Annual Restricted Shares”).

          Each such grant of Annual Restricted Shares will vest and become non-forfeitable in
equal annual installments during the balance of the term of this Agreement as follows:
first on the date of each applicable grant and thereafter on each of the remaining
anniversaries of the Effective Date, as applicable, until all shares are fully vested. The
Annual Restricted Shares shall be granted pursuant to, and will be subject to the terms and
conditions of, the Plan, this Agreement and the Company’s standard Restricted Stock
Agreement. If there is any inconsistency or ambiguity among the Initial Agreement, this
Agreement, the Plan or the Restricted Stock Agreement, the Plan shall prevail.

          Notwithstanding the foregoing, the Executive may in his sole discretion elect to
receive a cash award in lieu of up to one-half of each grant of Annual
Restricted Shares (i.e., up to 50,000 Shares with respect to the grant on the
Effective Date and up to 60,000 Shares with respect to each subsequent grant of

 

 

Annual Restricted Shares). Any cash award issued pursuant to such an election will be
subject to the same vesting schedule as the foregone Annual Restricted Shares and will pay
out in an amount equal to the fair market value of the foregone Annual Restricted Shares on
the vesting date. The Company will pay interest at a rate equal to the then-current
distribution rate paid by the Company on its Common Stock, if any, on any such cash award,
and any amount earned in interest on such cash award(s) will be accumulated and distributed
to the Executive within thirty (30) days after the end of the restricted period for the
respective portion of the cash award on which the interest was originally accrued. The
Executive must make such election in writing prior to the first grant of the Annual
Restricted Shares. Thereafter, such election must be made in writing five (5) days prior to
the grant to which it relates.”

     2. Except as expressly amended hereby, the Employment Agreement shall be and remain unchanged
and the Employment Agreement as amended hereby shall remain in full force and effect.

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

	 	 	 	 	 
	 	HEALTHCARE TRUST OF AMERICA, INC.

 	 
	 	By:  	/s/ Gary T. Wescombe
 	 
	 	 	Name:  	Gary T. Wescombe 	 
	 	 	Title:  	Chairman of Compensation Committee 	 
	 
	 	EXECUTIVE:

 	 
	 	/s/ Scott D. Peters
 	 
	 	Scott D. Peters 	 
	 	 	 
	 

-2-exv10w1

Exhibit 10.1

[U.S. $1,000,000,000 364-DAY SENIOR REVOLVING CREDIT FACILITY]

 

CREDIT AGREEMENT

dated as of August 13, 2010

among

APACHE CORPORATION,

THE LENDERS PARTY HERETO,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

and

CITIBANK, N.A.,

BANK OF AMERICA, N.A., and

GOLDMAN SACHS BANK USA,

as Co-Syndication Agents

 

J.P. MORGAN SECURITIES INC.,

CITIGROUP GLOBAL MARKETS INC.,

BANC OF AMERICA SECURITIES, LLC and

GOLDMAN SACHS BANK USA,

as Co-Lead Arrangers and Joint Bookrunners

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I Definitions
	 	 	1	 
	 
	SECTION 1.1 Defined Terms
	 	 	1	 
	SECTION 1.2 Classification of Loans and Borrowings
	 	 	15	 
	SECTION 1.3 Terms Generally
	 	 	16	 
	SECTION 1.4 Accounting Terms; GAAP
	 	 	16	 
	 
	ARTICLE II The Credits
	 	 	16	 
	 
	SECTION 2.1 The Facility; Commitments
	 	 	16	 
	SECTION 2.2 Loans and Borrowings
	 	 	17	 
	SECTION 2.3 Requests for Borrowings
	 	 	18	 
	SECTION 2.4 [Intentionally Omitted]
	 	 	18	 
	SECTION 2.5 Funding of Borrowings
	 	 	18	 
	SECTION 2.6 Extension of Revolving Commitment Termination Date and of Revolving
Commitments
	 	 	19	 
	SECTION 2.7 Interest Elections
	 	 	21	 
	SECTION 2.8 Termination and Reduction of Commitments
	 	 	22	 
	SECTION 2.9 Repayment of Loans; Evidence of Debt
	 	 	23	 
	SECTION 2.10 Prepayment of Loans
	 	 	23	 
	SECTION 2.11 Fees
	 	 	24	 
	SECTION 2.12 Interest
	 	 	24	 
	SECTION 2.13 Alternate Rate of Interest
	 	 	25	 
	SECTION 2.14 Increased Costs
	 	 	25	 
	SECTION 2.15 Break Funding Payments
	 	 	26	 
	SECTION 2.16 Taxes
	 	 	27	 
	SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	28	 
	SECTION 2.18 Mitigation Obligations; Replacement of Lenders
	 	 	29	 
	SECTION 2.19 Defaulting Lenders
	 	 	30	 
	 
	ARTICLE III Representations and Warranties
	 	 	31	 
	 
	SECTION 3.1 Organization
	 	 	31	 
	SECTION 3.2 Authorization and Validity
	 	 	31	 
	SECTION 3.3 Government Approval and Regulation
	 	 	31	 
	SECTION 3.4 Pension and Welfare Plans
	 	 	31	 
	SECTION 3.5 Regulation U
	 	 	32	 
	SECTION 3.6 Taxes
	 	 	32	 
	SECTION 3.7 Subsidiaries; Restricted Subsidiaries
	 	 	32	 
	 
	ARTICLE IV Conditions
	 	 	32	 
	 
	SECTION 4.1 Effectiveness
	 	 	32	 
	SECTION 4.2 All Loans
	 	 	33	 

i

 

	 	 	 	 	 
	 	 	Page	 
	ARTICLE V Affirmative Covenants
	 	 	34	 
	 
	SECTION 5.1 Financial Reporting and Notices
	 	 	34	 
	SECTION 5.2 Compliance with Laws
	 	 	35	 
	SECTION 5.3 Maintenance of Properties
	 	 	35	 
	SECTION 5.4 Insurance
	 	 	35	 
	SECTION 5.5 Books and Records
	 	 	35	 
	SECTION 5.6 Use of Proceeds
	 	 	36	 
	 
	ARTICLE VI Financial Covenant
	 	 	36	 
	 
	SECTION 6.1 Ratio of Total Debt to Capital
	 	 	36	 
	 
	ARTICLE VII Negative Covenants
	 	 	36	 
	 
	SECTION 7.1 Liens
	 	 	36	 
	SECTION 7.2 Mergers
	 	 	38	 
	SECTION 7.3 Asset Dispositions
	 	 	38	 
	SECTION 7.4 Transactions with Affiliates
	 	 	38	 
	SECTION 7.5 Restrictive Agreements
	 	 	38	 
	SECTION 7.6 Guaranties
	 	 	38	 
	 
	ARTICLE VIII Events of Default
	 	 	38	 
	 
	SECTION 8.1 Listing of Events of Default
	 	 	38	 
	SECTION 8.2 Action if Bankruptcy
	 	 	40	 
	SECTION 8.3 Action if Other Event of Default
	 	 	40	 
	 
	ARTICLE IX Agents
	 	 	41	 
	 
	ARTICLE X Miscellaneous
	 	 	42	 
	 
	SECTION 10.1 Notices
	 	 	42	 
	SECTION 10.2 Waivers; Amendments
	 	 	44	 
	SECTION 10.3 Expenses; Indemnity; Damage Waiver
	 	 	45	 
	SECTION 10.4 Successors and Assigns
	 	 	46	 
	SECTION 10.5 Survival
	 	 	48	 
	SECTION 10.6 Counterparts; Integration; Effectiveness
	 	 	48	 
	SECTION 10.7 Severability
	 	 	49	 
	SECTION 10.8 Right of Setoff
	 	 	49	 
	SECTION 10.9 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS
	 	 	49	 
	SECTION 10.10 Markit Data
	 	 	50	 
	SECTION 10.11 Headings
	 	 	52	 
	SECTION 10.12 Confidentiality
	 	 	52	 
	SECTION 10.13 Interest Rate Limitation
	 	 	53	 
	SECTION 10.14 USA PATRIOT Act Notice
	 	 	54	 
	SECTION 10.15 NO ORAL AGREEMENTS
	 	 	54	 

ii

 

SCHEDULES AND EXHIBITS

	 	 	 

	EXHIBITS:
	 	 
	 
	 	 
	Exhibit A

	 	Form of Legal Opinion of Thompson & Knight LLP
	Exhibit B

	 	Form of Compliance Certificate
	Exhibit C

	 	Form of Assignment and Acceptance
	Exhibit D

	 	Form of Borrowing/Interest Election Request
	 
	 	 
	SCHEDULES:
	 	 
	 
	 	 
	Schedule 2.1

	 	Commitments
	Schedule 3.7

	 	Subsidiaries; Restricted Subsidiaries
	Schedule 7.1

	 	Liens

iii

 

CREDIT AGREEMENT

     THIS CREDIT AGREEMENT, dated as of August 13, 2010, is among APACHE CORPORATION, a Delaware
corporation (“Borrower”), the LENDERS (as defined below) party hereto, JPMORGAN CHASE BANK,
N.A., as Administrative Agent, and CITIBANK, N.A., BANK OF AMERICA, N.A. and GOLDMAN SACHS BANK
USA, as Co-Syndication Agents.

     Borrower, Lenders, the Administrative Agent, and the other Agents party hereto hereby agree as
follows:

ARTICLE I

Definitions

     SECTION 1.1 Defined Terms. As used in this Agreement, the following terms have the meanings
specified below:

     “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to
the Alternate Base Rate.

     “Accepting Lenders” is defined in Section 2.6.

     “Acquisitions” means the acquisitions to be consummated pursuant to any of the
following agreements: (a) that certain Purchase and Sale Agreement, dated as of July 20, 2010, by
and between BP America Production Company, as Seller, and ZPZ Delaware I LLC, as Buyer, relating to
the Permian assets; (b) that certain Purchase and Sale Agreement, dated as of July 20, 2010, by and
between BP Egypt Company and BP Exploration (Delta) Limited, as Sellers, and ZPZ Egypt Corporation
LDC, as Buyer, relating to the Egyptian assets; and (c) that certain Partnership Interest and Share
Purchase and Sale Agreement, dated as of July 20, 2010, by and between BP Canada Energy, as Seller,
and Apache Canada Ltd., as Buyer, relating to the Canadian assets.

     “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to
(a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

     “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as
Administrative Agent for the Lenders.

     “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent.

     “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Agents” means each of the Administrative Agent, and the Co-Syndication Agents.

 

 

     “Agreement” means this Credit Agreement, as it may be amended, supplemented, restated
or otherwise modified and in effect from time to time.

     “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1%, and (c) the LIBO Rate in effect on such day for a one-month interest period plus
1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds
Effective Rate shall be effective from and including the effective date of such change in the Prime
Rate or the Federal Funds Effective Rate, respectively.

     “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Commitments most recently in
effect, giving effect to any assignments.

     “Applicable Rating Level” means (a) at any time the ratings established or deemed to
have been established by Moody’s, S&P, and Fitch for the Index Debt are equivalent ratings, the
level set forth in the chart below under the heading “Applicable Rating Level” (a “Level”) opposite
the ratings under the headings “Moody’s” and “S&P/Fitch”, and (b) if the ratings established or
deemed to have been established by Moody’s, S&P and Fitch for the Index Debt shall fall within
different Levels, the Applicable Rating Level shall be based on the highest two ratings, unless the
highest two ratings shall fall within different Levels in which case the Applicable Rating Level
shall be based on the lower of the highest two ratings, provided, however, that for
purposes of the foregoing, (i) “≥” means a rating equal to or more favorable than; “≤” means a
rating equal to or less favorable than; “>” means a rating greater than; “<” means a rating
less than; (ii) if Moody’s, S&P, or Fitch shall not have in effect a rating for the Index Debt
(other than by reason of the circumstances referred to in the penultimate sentence appearing before
the table below), then, notwithstanding anything to the contrary, the Applicable Rating Level shall
be based on the highest of the two existing ratings; (iii) if only one of Moody’s, S&P, and Fitch
shall have in effect a rating for the Index Debt (other than by reason of the circumstances
referred to in the penultimate sentence of this definition), then the Applicable Rating Level shall
be the rating that is one Level below the rating established by such party; and (iv) if the ratings
established or deemed to have been established by Moody’s, S&P and Fitch for the Index Debt shall
be changed (other than as a result of a change in the rating system of Moody’s, S&P or Fitch), such
change shall be effective as of the date on which it is first announced by the applicable rating
agency. Each change in the Applicable Rating Level shall apply during the period commencing on the
effective date of such change and ending on the date immediately preceding the effective date of
the next such change. If the rating system of Moody’s, S&P or Fitch shall change, or if any such
rating agency shall cease to be in the business of rating corporate debt obligations, Borrower and
the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating
system or the unavailability of ratings from such rating agency and, pending the effectiveness of
any such amendment, the Applicable Rating Level shall be determined by reference to the rating most
recently in effect prior to such change or cessation. Changes in the Applicable Rating Level will
occur automatically without prior notice.

2

 

	 	 	 	 	 
	Applicable Rating Level	 	Moody’s	 	S&P/Fitch
	Level I
	 	≥ A2
	 	≥ A
	 	 	 	 	 
	Level II
	 	A3
	 	A-
	 	 	 	 	 
	Level III
	 	Baa1
	 	BBB+
	 	 	 	 	 
	Level IV
	 	Baa2
	 	BBB
	 	 	 	 	 
	Level V
	 	≤ Baa3
	 	≤ BBB-

For example, if the Moody’s rating is Baa1, the S&P rating is BBB, and the Fitch rating is A-,
Level III shall apply.

     “Arrangers” is defined in Article IX.

     “Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section
2.10), and accepted by the Administrative Agent, in substantially the form of Exhibit
C or any other form approved by the Administrative Agent.

     “Authorized Officer” means the Chairman, the President, the Executive Vice President
and Chief Financial Officer and the Vice President and Treasurer of Borrower, and any officer or
employee of Borrower specified as such to the Administrative Agent in writing by any of the
aforementioned officers of Borrower.

     “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject
of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, custodian, assignee for the benefit of creditors or similar Person charged with the
reorganization or liquidation of its business appointed for it, or, in the good faith determination
of the Administrative Agent, has taken any action in furtherance of, or consented to, approval of,
or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not
result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in
such Person by a Governmental Authority or instrumentality thereof, provided, further, that such
ownership interest does not result in or provide such Person with immunity from the jurisdiction of
courts within the United States or from the enforcement of judgments or writs of attachment on its
assets or permit such Person (or such Governmental Authority or instrumentality) to reject,
repudiate, disavow or disaffirm any contracts or agreements made by such Person.

     “Board” means the Board of Governors of the Federal Reserve System of the United
States of America.

     “Borrower” has the meaning assigned to such term in the Preamble.

     “Borrowing” means Loans of the same Type, made, converted or continued on the same
date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

3

 

     “Borrowing Request” means a request by Borrower for a Borrowing in accordance with
Section 2.3, in substantially the form of Exhibit D or any other form approved by
the Administrative Agent.

     “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurodollar Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in
the London interbank market.

     “Capital” means the consolidated shareholder’s equity of Borrower and its Subsidiaries
plus the consolidated Debt of Borrower and its Subsidiaries.

     “CDS Margin” means, for any Determination Date, a rate per annum equal to the
Borrower’s credit default swap mid-rate spread for senior, unsecured, non-credit enhanced debt of
Borrower with a maturity of one year as reported (and, if necessary, interpolated by Markit) by
Markit through its service as of the close of business, New York time, on the Business Day
immediately preceding such Determination Date, obtained by the Administrative Agent from such
website on such Determination Date. Notwithstanding the foregoing, the “CDS Margin” in effect at
any time shall not be less than the amount set forth in the pricing grid below (the “Pricing
Grid”) under the heading “Floor” and shall not exceed the amount set forth in the Pricing Grid
under the heading “Cap” (the “CDS Margin Cap”) (in each case expressed as a rate per
annum), corresponding to the Applicable Rating Level in effect on such Determination Date:

	 	 	 	 	 
	Applicable Rating Level:	 	Floor	 	Cap
	Level I
	 	50.0 bps
	 	150.0 bps
	 	 	 	 	 
	Level II
	 	75.0 bps
	 	200.0 bps
	 	 	 	 	 
	Level III
	 	100.0 bps
	 	250.0 bps
	 	 	 	 	 
	Level IV
	 	125.0 bps
	 	300.0 bps
	 	 	 	 	 
	Level V
	 	150.0 bps
	 	350.0 bps

If the CDS Margin is unavailable for any Determination Date for any Loan, then Borrower and the
Administrative Agent shall negotiate in good faith for a period of up to 30 days after the CDS
Margin becomes unavailable (the “Negotiation Period”) to agree on an alternative method of
establishing the CDS Margin. The CDS Margin at any time the Determination Date for which falls
during the Negotiation Period and prior to the time an amendment specified in the next sentence has
been executed or when the CDS Margin has again become available shall be based upon the CDS Margin
for the most recent Determination Date prior to the Negotiation Period. In the event that an
amendment hereof executed by Borrower and each Lender and specifying an alternative method for
establishing the CDS Margin shall not have been delivered to the Administrative Agent on or prior
to the last day of the Negotiation Period, then until such amendment is delivered to the
Administrative Agent, the CDS Margin at any time the Determination Date for which falls subsequent
to the end of the Negotiation Period and prior to

4

 

the time such amendment has been executed or when the CDS Margin has again become available shall
be a rate per annum equal to the CDS Margin Cap as set forth in the Pricing Grid corresponding to
the Applicable Rating Level in effect on such Determination Date. Each change in the CDS Margin
shall apply during the period commencing on the effective date of such change and ending on the
date immediately preceding the effective date of the next such change. Changes in the CDS Margin
will occur automatically without prior notice.

     “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability
Act of 1980, 42 U.S.C. § 9601, et. seq., as amended from time to time.

     “Certificate of Extension” means a certificate of Borrower, executed by an Authorized
Officer and delivered to the Administrative Agent, in a form acceptable to the Administrative
Agent, which requests an extension of the then scheduled Maturity Date pursuant to Section
2.6.

     “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender (or, for purposes of Section 2.16(b), by any lending office of
such Lender or by such Lender’s holding company, if any) with any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority made or issued after the
date of this Agreement.

     “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans or Term Loans.

     “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     “Commitment” means, with respect to each Lender, such Lender’s Revolving Commitment or
Term Commitment as then in effect. The amount of the Commitment represents such Lender’s maximum
Credit Exposure hereunder. The initial amount of each Lender’s Commitment is set forth on
Schedule 2.1, or in the Assignment and Acceptance pursuant to which such Lender shall have
assumed its Commitment, as applicable. The initial aggregate amount of the Lenders’ Commitments is
$1,000,000,000.

     “Commitment Fee” is defined in Section 2.11(a).

     “Commitment Fee Rate” means, for any day, the applicable rate per annum set forth
below under the caption “Commitment Fee Rate”, based upon the Applicable Rating Level applicable on
such date:

	 	 	 
	Applicable Rating Level:	 	Commitment Fee Rate
	Level I
	 	10.0 bps
	 	 	 
	Level II
	 	12.5 bps
	 	 	 
	Level III
	 	17.5 bps
	 	 	 
	Level IV
	 	25.0 bps
	 	 	 
	Level V
	 	35.0 bps

5

 

Each change in the Commitment Fee Rate shall apply during the period commencing on the effective
date of such change and ending on the date immediately preceding the effective date of the next
such change. Changes in the Commitment Fee Rate will occur automatically without prior notice.

     “Consolidated Assets” means the total assets of the Borrower and its subsidiaries
which would be shown as assets on a consolidated balance sheet of Borrower and its subsidiaries
prepared in accordance with GAAP.

     “Consolidated Tangible Net Worth” means (i) the consolidated shareholder’s equity of
Borrower and its Subsidiaries (determined in accordance with GAAP), less (ii) the amount of
consolidated intangible assets of Borrower and its Subsidiaries, plus (iii) the aggregate amount of
any non-cash write downs, on a consolidated basis, by Borrower and its Subsidiaries during the term
hereof.

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

     “Controlled Group” means all members of a controlled group of corporations and all
members of a controlled group of trades or businesses (whether or not incorporated) under common
control which, together with Borrower, are treated as a single employer under Section 414 (b) or
414 (c) of the Internal Revenue Code or Section 4001 of ERISA.

     “Co-Syndication Agents” means Citibank, N.A., Bank of America, N.A. and Goldman Sachs
Bank USA, in their capacity as co-syndication agents.

     “Credit Exposure” means, with respect to any Lender at any time, the sum of the
outstanding principal amount of such Lender’s Loans at such time.

     “Credit Party” means the Administrative Agent or any Lender.

     “Data Provider” is defined in Section 10.10(b).

     “Debt” of any Person means indebtedness, including capital leases, shown as debt on a
consolidated balance sheet of such Person prepared in accordance with GAAP.

     “Declining Lenders” is defined in Section 2.6.

     “Default” means any event or condition which constitutes an Event of Default or which
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

6

 

     “Defaulting Lender” means any Lender that (a) has failed, within two (2) Business Days
of the date required to be funded or paid, to (i) fund any portion of its Loans or (ii) pay over to
any Credit Party any other amount required to be paid by it hereunder, unless, in the case of
clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the
result of such Lender’s good faith determination that a condition precedent to funding
(specifically identified and including the particular default, if any) has not been satisfied, (b)
has notified the Borrower or any Credit Party in writing, or has made a public statement to the
effect, that it does not intend or expect to comply with any of its funding obligations under this
Agreement (unless such writing or public statement indicates that such position is based on such
Lender’s good faith determination that a condition precedent (specifically identified and including
the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or
generally under other agreements in which it commits to extend credit, (c) has failed, within three
(3) Business Days after request by the Administrative Agent, acting in good faith, to provide a
certification in writing from an authorized officer of such Lender that it will comply with its
obligations (and is financially able to meet such obligations) to fund prospective Loans under this
Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon (i) the Administrative Agent’s receipt of such certification in form and substance
satisfactory to it, and (ii) compliance in full by such Lender with its funding obligations under
this Agreement as of the date of such certification, or (d) has become the subject of a Bankruptcy
Event.

     “Designated User” means a Person designated as such by a Lender or the Administrative
Agent.

     “Determination Date” means, at any time, (a) the date two (2) Business Days before the
commencement of the Interest Period applicable to such Loan or (b) in the case of an Interest
Period of six months’ duration, (i) as to any date during the first three-month period during such
Interest Period, the date specified in clause (a) or (ii) as to any date during the second
three-month period during such Interest Period, the date that is the last Business Day of the first
three-month period during such Interest Period.

     “dollars” or “$” refers to lawful money of the United States of America.

     “Effective Date” means a date agreed upon by Borrower and the Administrative Agent as
the date on which the conditions specified in Section 4.1 of this Agreement are satisfied
(or waived in accordance with Section 10.2 of this Agreement).

     “Effectiveness Notice” means a notice and certificate of Borrower properly executed by
an Authorized Officer of Borrower addressed to the Lenders and delivered to the Administrative
Agent, whereby Borrower certifies satisfaction of all the conditions precedent to the effectiveness
under Section 4.1 of this Agreement.

     “Environmental Laws” means all applicable federal, state or local statutes, laws,
ordinances, codes, rules and regulations (including consent decrees and administrative orders)
relating to public health and safety and protection of the environment.

7

 

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of
Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any
successor statute of similar import, together with the regulations thereunder, in each case as in
effect from time to time.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or,
solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

     “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day
notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived;
(c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by
Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to
the termination of any Plan; (e) the receipt by Borrower or any ERISA Affiliate from the PBGC or a
plan administrator of any notice relating to an intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan; (f) the incurrence by Borrower or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by Borrower or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from Borrower or any ERISA Affiliate of any notice, concerning
the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is
expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

     “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by
reference to the Adjusted LIBO Rate.

     “Event of Default” has the meaning assigned to such term in Article VIII.

     “Excluded Taxes” means, with respect to any Agent, any Lender or any other recipient
of any payment to be made by or on account of any obligation of Borrower hereunder, (a) income or
franchise taxes imposed on (or measured by) its net income by the United States of America, or by
the jurisdiction under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable lending office is located,
(b) any branch profits taxes imposed by the United States of America or any similar tax imposed

8

 

by any other jurisdiction in which Borrower is located and (c) in the case of a Foreign Lender
(other than an assignee pursuant to a request by Borrower under Section 2.18(b)), any
withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign
Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to
such Foreign Lender’s failure to comply with Section 2.16(e), except to the extent that
such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new
lending office (or assignment), to receive additional amounts from Borrower with respect to such
withholding tax pursuant to Section 2.16(a).

     “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received
by the Administrative Agent from three (3) Federal funds brokers of recognized standing selected by
it.

     “Fitch” means Fitch, Inc. and any affiliate or successor thereto that is a nationally
recognized rating agency in the United States.

     “Foreign Lender” means any Lender that is not organized under the laws of, or
resident, in the United States. For purposes of this definition, the United States of America,
each State thereof and the District of Columbia shall be deemed to constitute a single
jurisdiction.

     “GAAP” means generally accepted accounting principles as in effect from time to time,
applied on a basis consistent with the most recent financial statements of Borrower and its
Subsidiaries delivered to the Lenders pursuant hereto.

     “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government.

     “Hazardous Material” means (a) any “hazardous substance,” as defined by CERCLA; (b)
any “hazardous waste,” as defined by the Resource Conservation and Recovery Act; or (c) any
pollutant or contaminant or hazardous, dangerous or toxic chemical, material or substance within
the meaning of any other Environmental Law.

     “Indebtedness” of any Person means all (i) Debt, and (ii) guaranties or other
contingent obligations in respect of the Debt of any other Person.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Index Debt” means senior, unsecured, non-credit enhanced, long-term indebtedness for
borrowed money of Borrower that is not guaranteed by any other Person or subject to any other
credit enhancement.

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     “Interest Election Request” means a request by Borrower to convert or continue a
Borrowing in accordance with Section 2.7, in substantially the form of Exhibit D or
any other form approved by the Administrative Agent.

     “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each
March, June, September and December, and (b) with respect to any Eurodollar Loan, the last day of
the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a
Eurodollar Borrowing with an Interest Period of more than three (3) months’ duration, each day
prior to the last day of such Interest Period that occurs at intervals of three (3) months’
duration after the first day of such Interest Period.

     “Interest Period” means with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day, or, with
the consent of the Administrative Agent, such other day, in the calendar month that is one, two,
three or six months (or, with the consent of each Lender, nine or twelve months) thereafter, in
each case as Borrower may elect; provided, that (i) if any Interest Period would end on a day other
than a Business Day, such Interest Period shall be extended to the next succeeding Business Day
unless, in the case of a Eurodollar Borrowing only, such next succeeding Business Day would fall in
the next calendar month, in which case such Interest Period shall end on the next preceding
Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing that commences on
the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last
Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of
a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the
effective date of the most recent conversion or continuation of such Borrowing.

     “JPMorgan” means JPMorgan Chase Bank, N.A.

     “Lenders” means the Persons listed on Schedule 2.1 and any other Person that shall
have become a party hereto pursuant to an Assignment and Acceptance, other than any such Person
that ceases to be a party hereto pursuant to an Assignment and Acceptance.

     “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the applicable British Bankers’ Association Settlement Rate for deposits in dollars (for delivery
on the first day of such Interest Period) appearing on the Reuters “LIBOR01” screen (or on any
successor or substitute screen provided by Reuters, or any successor to or substitute for such
service, providing rate quotations comparable to those currently provided on such screen of such
service, as reasonably determined by the Administrative Agent and Borrower from time to time for
purposes of providing quotations of interest rates applicable to dollar deposits in the London
interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to
such Interest Period. In the event that such rate is not available at such time for any reason,
then the “LIBO Rate” with respect to such Eurodollar Borrowing for such Interest Period shall be
the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest
Period are offered by the principal London office of the Administrative Agent in immediately
available funds in the London interbank market at approximately 11:00 a.m., London time, two
Business Days prior to the commencement of such Interest Period.

10

 

     “Lien” means any mortgage, pledge, lien, encumbrance, charge, or security interest of
any kind, granted or created to secure Indebtedness; provided, however, that, with respect to any
prohibitions of Liens on Property, the following transactions shall not be deemed to create a Lien
to secure Indebtedness; (i) production payments and (ii) liens required by statute and created in
favor of U.S. governmental entities to secure partial, progress, advance, or other payments
intended to be used primarily in connection with air or water pollution control.

     “Loan” means a Loan made pursuant to Section 2.1.

     “Loan Document” means this Agreement, any Borrowing Request, any Interest Election
Request, any Certificate of Extension, any Notice of Term-Out, any Assignment and Acceptance, any
election notice, the agreement with respect to fees described in Section 2.11(b), and each
other agreement, document or instrument delivered by Borrower or any other Person in connection
with this Agreement, as such may be amended, restated, supplemented or otherwise modified from time
to time.

     “Loans” means the Revolving Loans or the Term Loans made by the Lenders to Borrower
pursuant to this Agreement.

     “Markit” means Markit Group Limited or its successor.

     “Markit Data” is defined in Section 10.10(a).

     “Material Adverse Effect” means, as to any matter, that such matter could reasonably
be expected to materially and adversely affect the assets, business, properties, condition
(financial or otherwise) of Borrower and its Subsidiaries taken as a whole. No matter shall be
considered to result, or be expected to result, in a Material Adverse Effect unless such matter
causes Borrower and its Subsidiaries, on a consolidated basis, to suffer a loss or incur a cost
equal to at least ten percent (10%) of Borrower’s Consolidated Tangible Net Worth.

     “Maturity Date” means either the Revolving Commitment Termination Date, or, upon
receipt by the Administrative Agent of the Notice of Term-Out, the Term Commitment Termination
Date.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto that is a
nationally recognized rating agency in the United States.

     “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

     “Notice of Term-Out” means a notice from Borrower, executed by an Authorized Officer
and delivered to the Administrative Agent, which requests the extension of Term Loans pursuant to
Section 2.1(b).

     “Obligations” means, at any time, the sum of (i) the outstanding principal amount of
any Loans plus (ii) all accrued and unpaid interest and Commitment Fees plus (iii)
all other obligations of Borrower to any Lender or any Agent, whether or not contingent, arising
under or in connection with any of the Loan Documents.

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     “Original Revolving Commitment Termination Date” means August 12, 2011.

     “Other Taxes” means any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made hereunder
or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement.

     “Participants” is defined in Section 10.4(e).

     “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

     “Pension Plan” means a “pension plan,” as such term is defined in Section 3(2) of
ERISA, which is subject to Title IV of ERISA (other than a multiemployer plan as defined in Section
4001(a)(3) of ERISA), and to which a Borrower or any corporation, trade or business that is, along
with a Borrower, a member of a Controlled Group, may have liability, including any liability by
reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any
time during the preceding five years, or by reason of being deemed to be a contributing sponsor
under Section 4069 of ERISA.

     “Person” means any natural person, corporation, limited liability company, unlimited
liability company, joint venture, partnership, firm, association, trust, government, governmental
agency or any other entity, whether acting in an individual, fiduciary or other capacity.

     “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and in respect of which Borrower or any ERISA Affiliate is (or, if such plan were terminated, would
under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

     “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan as its prime rate in effect at its principal office in New York City which rate may not
be the lowest rate offered; each change in the Prime Rate shall be effective from and including the
date such change is publicly announced as being effective.

     “Property” means (i) any property owned or leased by Borrower or any Subsidiary, or
any interest of Borrower or any Subsidiary in property, which is considered by Borrower to be
capable of producing oil, gas, or minerals in commercial quantities, (ii) any interest of Borrower
or any Subsidiary in any refinery, processing or manufacturing plant owned or leased by Borrower or
any manufacturing plant owned or leased by Borrower or any Subsidiary, (iii) any interest of
Borrower or any Subsidiary in all present and future oil, gas, other liquid and gaseous
hydrocarbons, and other minerals now or hereafter produced from any other Property or to which
Borrower or any Subsidiary may be entitled as a result of its ownership of any Property, and (iv)
all real and personal assets owned or leased by Borrower or any Subsidiary used in the drilling,
gathering, processing, transportation, or marketing of any oil, gas, and other hydrocarbons or
minerals, except (a) any such real or personal assets related thereto employed in transportation,
distribution or marketing or (b) any interest of Borrower or any Subsidiary in, any refinery,
processing or manufacturing plant, or portion thereof, which property described in clauses (a) or

12

 

(b), in the opinion of the Board of Directors of Borrower, is not a principal plant or
principal facility in relation to the activities of Borrower and its Subsidiaries taken as a whole.

     “Register” has the meaning set forth in Section 10.4.

     “Regulation U” means any of Regulations T, U or X of the Board from time to time in
effect and shall include any successor or other regulations or official interpretations of said
Board or any successor Person relating to the extension of credit for the purpose of purchasing or
carrying margin stocks applicable to member banks of the Federal Reserve System or any successor
Person.

     “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and advisors of such Person
and such Person’s Affiliates.

     “Replacement Lenders” is defined in Section 2.6(c)(ii).

     “Required Lenders” means Lenders having in the aggregate 51% of the aggregate total
Commitments, or, if the Commitments have been terminated, Lenders holding 51% of the aggregate
unpaid principal amount of the outstanding Obligations.

     “Resource Conservation and Recovery Act” means the Resource Conservation and Recovery
Act, 42 U.S.C. Section 690, et seq., as amended from time to time.

     “Restricted Subsidiary” means any Subsidiary of Borrower that owns any asset
representing or consisting of an entitlement to production from, or other interest in, reserves of
oil, gas or other minerals in place located in the United States or Canada, including, without
limitation, Apache Canada Ltd., a corporation organized under the laws of the Province of Alberta,
Canada, or is otherwise designated by Borrower in writing to the Administrative Agent.

     “Revolving Commitment” means, with respect to each Lender, the commitment of such
Lender to make Revolving Loans in an aggregate principal amount at any one time outstanding up to
but not exceeding the amount set forth opposite such Lender’s name on Schedule 2.1 hereto,
as such commitment may be (a) reduced from time to time pursuant to Section 2.8, (b)
reduced or increased from time to time pursuant to Section 2.6 or pursuant to assignments
by or to such Lender pursuant to Section 10.4 and (c) terminated pursuant to Sections
4.1, 8.2 or 8.3.

     “Revolving Commitment Termination Date” shall mean the earliest of:

     (a) the Original Revolving Commitment Termination Date, or such other later date as may result
from any extension requested by Borrower and consented to by some or all of the Lenders pursuant to
Section 2.6.

     (b) the date on which the Revolving Commitments are terminated in full or reduced to zero
pursuant to Section 2.8; and

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     (c) the date on which the Revolving Commitments otherwise are terminated in full and reduced
to zero pursuant to the terms of Sections 4.1, 8.2 or 8.3.

Upon the occurrence of any event described in clause (b) or (c), the Revolving Commitments shall
terminate automatically and without any further action.

     “Revolving Loan” means any loan made by the Lenders pursuant to Section 2.1(a)
of this Agreement.

     “S&P” means Standard & Poor’s and any successor thereto that is a
nationally-recognized rating agency in the United States.

     “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
applicable maximum reserve percentages (including any basic, marginal, special, emergency or
supplemental reserves) expressed as a decimal established by the Board to which the Administrative
Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently
referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be
deemed to constitute eurocurrency funding and to be subject to such reserve requirements without
benefit of or credit for proration, exemptions or offsets that may be available from time to time
to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage.

     “subsidiary” means, with respect to any Person, any corporation or other similar
entity of which more than 50% of the outstanding capital stock (or other equity) having ordinary
voting power to elect a majority of the Board of Directors of such corporation or entity
(irrespective of whether or not at the time capital stock or any other class or classes of such
corporation or entity shall or might have voting power upon the occurrence of any contingency) is
at the time directly or indirectly owned by such Person.

     “Subsidiary” means any subsidiary of Borrower; provided, however, that in all events
the following Persons shall not be deemed to be Subsidiaries of Borrower or any of its
Subsidiaries: Apache Offshore Investment Partnership, a Delaware general partnership, Apache
Offshore Petroleum Limited Partnership, a Delaware limited partnership, Main Pass 151 Pipeline
Company, a Texas general partnership, and Apache 681/682 Joint Venture, a Texas joint venture.

     “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

     “Term Commitment” means, with respect to each Lender, the commitment of such Lender to
make Term Loans pursuant to Section 2.1(b) of this Agreement in an aggregate principal
amount equal to the lesser of (i) the Credit Exposure outstanding to all Lenders as of the
Revolving Commitment Termination Date or (ii) the amount of the Revolving Commitments in effect
immediately prior to the termination of the Revolving Commitments on the Revolving

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Commitment
Termination Date; provided, however, that after the Revolving
Commitment Termination Date, there shall be no obligation to make Term Loans.

     “Term Commitment Termination Date” shall mean the earliest of:

     (a) the date occurring one year after the Revolving Commitment Termination Date;

     (b) the date on which the Term Commitments are terminated in full or reduced to zero pursuant
to Section 2.8; and

     (c) the date on which the Term Commitments otherwise are terminated in full and reduced to
zero pursuant to the terms of Sections 4.1 8.2 or 8.3.

Upon the occurrence of any event described in clause (b) or (c), the Term Commitments shall
terminate automatically and without any further action.

     “Term Loan” means any loan made by the Lenders pursuant to Section 2.1(b) of
this Agreement on the Revolving Commitment Termination Date.

     “Transactions” means the execution, delivery and performance by Borrower of this
Agreement and the other Loan Documents, the borrowing of Loans and the use of the proceeds thereof.

     “2009 Financials” is defined in Section 4.1(d).

     “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate or the Alternate Base Rate.

     “United States” or “U.S.” means the United States of America, its fifty states
and the District of Columbia.

     “Unrestricted Subsidiary” means any Subsidiary of Borrower that is not a Restricted
Subsidiary.

     “Unused Commitments” means, for any period, an amount equal to (ii) the then aggregate
amount of the Commitments less (i) the aggregate principal amount of then outstanding
Loans.

     “Welfare Plan” means a “welfare plan,” as such term is defined in Section 3(1) of
ERISA.

     “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

     SECTION 1.2 Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be
classified and referred to by Class (e.g., a “Revolving Loan”) or by

15

 

Type (e.g., a “Eurodollar
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”)
or Type (e.g., a “Eurodollar Borrowing”).

     SECTION 1.3 Terms Generally. The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms. The words
“include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”. The word “will” shall be construed to have the same meaning and effect as the word
“shall”. Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or otherwise modified
(subject to any restrictions on such amendments, supplements or modifications set forth herein),
(b) any reference herein to any Person shall be construed to include such Person’s successors and
assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer
to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words
“asset” and “property” shall be construed to have the same meaning and effect and to refer to any
and all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights.

     SECTION 1.4 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of
an accounting or financial nature shall be construed in accordance with GAAP, as in effect from
time to time; provided that, if Borrower notifies the Administrative Agent that Borrower requests
an amendment to any provision hereof to eliminate the effect of any change occurring after the date
hereof in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies Borrower that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after
such change in GAAP or in the application thereof, then such provision shall be interpreted on the
basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith.

ARTICLE II

The Credits

     SECTION 2.1 The Facility; Commitments. Subject to the terms and conditions set forth herein, each
Lender agrees to make Loans to the Borrower described in this Section 2.1.

     (a) Revolving Loans. From time to time on or after the Effective Date and prior to
the Revolving Commitment Termination Date, each Lender shall make Revolving Loans under this
Section to Borrower in an aggregate principal amount that will not result in (a) such Lender’s
Credit Exposure exceeding such Lender’s Commitment or (b) the sum of the total Credit Exposures
exceeding the total Commitments. Subject to the conditions herein, Borrower may borrow, prepay and
reborrow Revolving Loans.

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     (b) Term Loans. On the Revolving Commitment Termination Date (unless such date shall
occur as a result of clause (c) of the definition thereof) and upon receipt of a Notice of
Term-Out no less than three (3) days prior to the Revolving Commitment Termination Date, each
outstanding Revolving Loan will convert into a Term Loan of like amount. No amounts paid or
prepaid with respect to the Term Loan may be reborrowed; provided, however, that
Term Loans may be converted and continued, at the election of Borrower, if not earlier prepaid,
through the Maturity Date. Eurodollar Loans for which the Interest Period shall not have
terminated as of the Revolving Commitment Termination Date shall be continued as Eurodollar Loans
for the applicable Interest Period and ABR Loans shall be continued as ABR Loans after the
Revolving Commitment Termination Date, unless Borrower shall have elected otherwise by delivery of
a Borrowing Request. In accordance with Section 2.7, Borrower may elect to convert
Borrowings pursuant to the Term Commitments into Borrowings of a different Type or to continue such
Borrowings and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor;
provided that Borrower shall not be entitled to elect to convert or continue any Borrowings
if the Interest Period requested with respect thereto would end after the Maturity Date. Any
principal repayments received on the Revolving Commitment Termination Date for Revolving Loans not
converted into Term Loans shall be applied first to ABR Loans and, after ABR Loans have been paid
in full, to Eurodollar Loans, unless Borrower shall have otherwise instructed the Administrative
Agent in writing. Upon a Lender’s Revolving Loans being converted into Term Loans, such Lender
shall have no further Commitment to make additional Loans.

     (c) Term-Out Fee. In the event that Borrower delivers a Notice of Term-Out pursuant
to Section 2.1(b), Borrower shall pay to the Administrative Agent, for the account of
Lenders, a term-out fee equal to 100 basis points on each Lender’s pro rata portion of the
Borrowings which remain outstanding at the time of the Revolving Commitment Termination Date, which
term-out fee shall be paid by Borrower in immediately available funds by wire transfer to
Administrative Agent on the date of delivery of the Notice of Term-Out.

     SECTION 2.2 Loans and Borrowings.

     (a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders
ratably in accordance with their respective Commitments. The failure of any Lender to make any
Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are several and no Lender shall be responsible for any
other Lender’s failure to make Loans as required.

     (b) Subject to Section 2.13, each Borrowing shall be comprised entirely of ABR Loans
or Eurodollar Loans as Borrower may request in accordance herewith. Each Lender at its option may
make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to
make such Loan; provided that any exercise of such option shall not affect the obligation of
Borrower to repay such Loan in accordance with the terms of this Agreement.

     (c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing
shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than
$5,000,000 (including any continuation or conversion of existing Loans made in connection
therewith). At the time that each ABR Borrowing is made, such Borrowing shall be in an

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aggregate
amount that is an integral multiple of $1,000,000 and not less than $5,000,000 (including any
continuation or conversion of existing Loans made in connection therewith); provided that an ABR
Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total
Commitments. Borrowings of more than one Type and Class may be outstanding at the same time;
provided that there shall not at any time be more than a total of ten (10) Eurodollar
Borrowings outstanding.

     (d) Notwithstanding any other provision of this Agreement, Borrower shall not be entitled to
request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.

     SECTION 2.3 Requests for Borrowings. To request a Borrowing, Borrower shall notify the
Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not
later than 1:00 p.m., New York City time, three Business Days before the date of the proposed
Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on
the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable
and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a
written Borrowing Request in a form approved by the Administrative Agent and signed by Borrower.
Each such telephonic and written Borrowing Request shall specify the following information in
compliance with Section 2.2:

     (i) the aggregate amount of the requested Borrowing;

     (ii) the date of such Borrowing, which shall be a Business Day;

     (iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and

     (iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term
“Interest Period”.

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an
ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar
Borrowing, then Borrower shall be deemed to have selected an Interest Period of one month’s
duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the amount of such
Lender’s Loan to be made as part of the requested Borrowing.

     SECTION 2.4 [Intentionally Omitted].

     SECTION 2.5 Funding of Borrowings.

     (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof
by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account
of the Administrative Agent most recently designated by it for such purpose by notice to the
Lenders. The Administrative Agent will make such Loans available to Borrower by promptly crediting
the amounts so received, in like funds, to an account of Borrower designated

18

 

by Borrower from time
to time in a written notice to the Administrative Agent executed by two Authorized Officers of
Borrower.

     (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed time of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on the requested date in accordance with
paragraph (a) of this Section and may, in reliance upon such assumption, make available to
Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the
applicable Borrowing available to the Administrative Agent, then the applicable Lender and Borrower
severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount
with interest thereon, for each day from and including the date such amount is made available to
Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of
such Lender, the greater of the Federal Funds Effective Rate or a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in
the case of Borrower, the interest rate applicable to Loans made in such Borrowing. If such Lender
pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan
included in such Borrowing.

     SECTION 2.6 Extension of Revolving Commitment Termination Date and of Revolving
Commitments.

     (a) Subject to the other provisions of this Agreement and provided that no Event of Default
has occurred and is continuing, the total Revolving Commitments shall be effective for an initial
period from the Effective Date to the Original Revolving Commitment Termination Date;
provided that the applicable Revolving Commitment Termination Date, and concomitantly the
total Revolving Commitments, may be extended for successive 364-day periods expiring on the date
which is 364 days from the then scheduled Revolving Commitment Termination Date. If Borrower shall
request in a Certificate of Extension delivered to the Administrative Agent at least 90 days prior
to a date which is the then applicable Revolving Commitment Termination Date that the Revolving
Commitment Termination Date be extended for 364 days from the then scheduled Revolving Commitment
Termination Date, then the Administrative Agent shall promptly notify each Lender of such request
and each Lender shall notify the Administrative Agent, no later than 75 days prior to the then
applicable Revolving Commitment Termination Date, whether such Lender, in the exercise of its sole
discretion, will extend the Revolving Commitment Termination Date for such 364-day period. Any
Lender which shall not timely notify the Administrative Agent whether it will extend the Revolving
Commitment Termination Date shall be deemed to not have agreed to extend the Revolving Commitment
Termination Date. No Lender shall have any obligation whatsoever to agree to extend the Revolving
Commitment Termination Date. Any agreement to extend the Revolving Commitment Termination Date by
any Lender shall be irrevocable, except as provided in Section 2.6(c).

     (b) If all Lenders notify the Administrative Agent pursuant to clause (a) of this Section
2.6 of their agreement to extend the Revolving Commitment Termination Date, then the
Administrative Agent shall so notify each Lender and Borrower, and such extension shall be
effective without other or further action by any party hereto for such additional 364-day period.

19

 

     (c) If Lenders constituting at least the Required Lenders approve the extension of the then
scheduled Revolving Commitment Termination Date (such Lenders agreeing to extend the Maturity Date
herein called the “Accepting Lenders”) and if one or more Lenders shall notify, or be
deemed to notify, the Administrative Agent pursuant to clause (a) of this Section 2.6 that
they will not extend the then scheduled Revolving Commitment Termination Date (such Lenders herein
called the “Declining Lenders”), then (A) the Administrative Agent shall promptly so notify
Borrower and the Accepting Lenders, (B) the Accepting Lenders shall, upon Borrower’s
election to extend the then scheduled Revolving Commitment Termination Date in accordance with
clause (i) or (ii) below, extend the then scheduled Revolving Commitment Termination Date and (C)
Borrower shall, pursuant to a notice delivered to the Administrative Agent, the Accepting Lenders
and the Declining Lenders, no later than the tenth (10th) day following the date by which each
Lender is required, pursuant to Section 2.6(a), to approve or disapprove the requested
extension of the total Revolving Commitments, either:

     (i) elect to extend the Revolving Commitment Termination Date and direct the Declining
Lenders to terminate their Revolving Commitments, which termination shall become effective
on the date which would have been the Revolving Commitment Termination Date except for the
operation of this Section. On the date which would have been the Revolving Commitment
Termination Date except for the operation of this Section, (x) Borrower shall deliver a
notice of the effectiveness of such termination to the Declining Lenders with a copy to the
Administrative Agent and (y) Borrower shall pay in full in immediately available funds all
Obligations of Borrower owing to the Declining Lenders, including any amounts required
pursuant to Section 2.15, and (z) upon the occurrence of the events set forth in
clauses (x) and (y), the Declining Lenders shall each cease to be a Lender hereunder for all
purposes, other than for purposes of Sections 2.14 through 2.17 and
Section 10.3, and shall cease to have any obligations or any Revolving Commitment
hereunder, other than to the Agents pursuant to Article IX, and the Administrative Agent
shall promptly notify the Accepting Lenders and Borrower of the new Revolving Commitments;
or

     (ii) elect to extend the Revolving Commitment Termination Date and, prior to or no
later than the then scheduled Revolving Commitment Termination Date, (A) to replace one or
more of the Declining Lenders with another lender or lenders reasonably acceptable to the
Administrative Agent (such lenders herein called the “Replacement Lenders”) and (B)
Borrower shall pay in full in immediately available funds all Obligations of Borrower owing
to any Declining Lenders which are not being replaced, as provided in clause (i) above;
provided that (x) any Replacement Lender shall purchase, and any Declining Lender shall
sell, such Declining Lender’s rights and obligations hereunder without recourse or expense
to, or warranty by, such Declining Lender being replaced for a purchase price equal to the
aggregate outstanding principal amount of the Obligations payable to such Declining Lender
plus any accrued but unpaid interest on such Obligations and accrued but unpaid fees or
other amounts owing in respect of such Declining Lender’s Revolving Loans and Revolving
Commitments hereunder, and (y) upon the payment of such amounts referred to in clause(x) and
the execution of an Assignment and Acceptance by such Replacement Lender and such Declining
Lender, such Replacement Lender shall constitute a Lender hereunder and such Declining
Lender being so replaced shall no longer constitute a Lender (other than for purposes of
Sections

20

 

2.14 through 2.17 and Section 10.3), and shall no longer
have any obligations hereunder, other than to the Agents pursuant to Article IX; or

     (iii) elect to revoke and cancel the extension request in such Certificate of Extension
by giving notice of such revocation and cancellation to the Administrative Agent (which
shall promptly notify the Lenders thereof) no later than the tenth (10th) day following the
date by which each Lender is required, pursuant to clause (a) of this
Section, to approve or disapprove the requested extension of the Revolving Commitment
Termination Date, and concomitantly the total Revolving Commitments.

If Borrower fails to timely provide the election notice referred to in this clause (c), Borrower
shall be deemed to have revoked and cancelled the extension request in the Certificate of Extension
and to have elected not to extend the Revolving Commitment Termination Date.

     SECTION 2.7 Interest Elections.

     (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing
Request (or an ABR Borrowing if no Type is specified) and, in the case of a Eurodollar Borrowing,
shall have an initial Interest Period as specified in such Borrowing Request (or one month if no
Interest Period is specified). Thereafter, Borrower may elect to convert such Borrowing to a
different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect
Interest Periods therefor, all as provided in this Section. Borrower may, subject to the
requirements of Section 2.2(c), elect different options with respect to different portions
of the affected Borrowing, in which case each such portion shall be allocated ratably among the
Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion
shall be considered a separate Borrowing.

     (b) To make an election pursuant to this Section, Borrower shall notify the Administrative
Agent of such election by telephone by the time that a Borrowing Request would be required under
Section 2.3 if Borrower were requesting a Borrowing of the Type resulting from such
election to be made on the effective date of such election. Each such telephonic Interest Election
Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the
Administrative Agent of a written Interest Election Request signed by Borrower.

     (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.2:

     (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof
to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

21

 

     (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing; and

     (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period
contemplated by the definition of the term “Interest Period”.

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an
Interest Period, then Borrower shall be deemed to have selected an Interest Period of one month’s
duration.

     (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

     (e) If Borrower fails to deliver a timely Interest Election Request with respect to a
Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such
Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be
converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the request of the Required
Lenders, so notifies Borrower, then, so long as an Event of Default is continuing, (i) no
outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless
repaid and provided the Indebtedness has not been accelerated pursuant to Section 8.3, each
Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period
applicable thereto.

     SECTION 2.8 Termination and Reduction of Commitments.

     (a) The Revolving Commitments shall terminate on the Revolving Commitment Termination Date.
Unless previously terminated, the Term Commitments shall terminate on the Maturity Date.

     (b) Borrower may at any time terminate, or from time to time reduce, the Commitments; provided
that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of
$1,000,000 and not less than $5,000,000 and (ii) Borrower shall not terminate or reduce the
Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with
Section 2.10, the sum of the Credit Exposures would exceed the total Commitments.

     (c) Borrower shall notify the Administrative Agent of any election to terminate or reduce the
Commitments under paragraph (b) of this Section at least two Business Days prior to the effective
date of such termination or reduction, specifying such election and the effective date thereof.
Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the
contents thereof. Each notice delivered by Borrower pursuant to this Section shall be irrevocable;
provided that a notice of termination of the Commitments delivered by Borrower may state that such
notice is conditioned upon the effectiveness of other credit facilities, in which case such notice
may be revoked by Borrower (by notice to the Administrative Agent on or prior to the specified
effective date) if such condition is not satisfied. Any termination or reduction of

22

 

the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably
among the Lenders in accordance with their respective Commitments.

     SECTION 2.9 Repayment of Loans; Evidence of Debt.

     (a) Borrower hereby unconditionally promises to pay to the Administrative Agent for the
account of each Lender the then unpaid principal amount of each Loan on the Maturity Date or, if
earlier, the date on which the Commitment of such Lender relating to such Loan is terminated
(except for termination of the Commitment of the assigning Lender pursuant to Section
10.4(b)).

     (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of Borrower to such Lender resulting from each Loan made by such
Lender, including the amounts of principal and interest payable and paid to such Lender from time
to time hereunder.

     (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Type and Class thereof and the Interest Period applicable thereto,
(ii) the amount of any principal or interest due and payable or to become due and payable from
Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender’s share thereof.

     (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the obligations recorded
therein; provided that the failure of any Lender or the Administrative Agent to maintain such
accounts or any error therein shall not in any manner affect the obligation of Borrower to repay
the Loans in accordance with the terms of this Agreement.

     (e) Any Lender may request that Loans made by it be evidenced by one or more promissory notes.
In such event, Borrower shall prepare, execute and deliver to such Lender promissory notes payable
to the order of such Lender (or, if requested by such Lender, to such Lender and its registered
assigns and in a form approved by the Administrative Agent). Thereafter, the Loans evidenced by
such promissory notes and interest thereon shall at all times (including after assignment pursuant
to Section 10.4) be represented by one or more promissory notes in such form payable to the
order of the payee named therein (or, if any such promissory note is a registered note, to such
payee and its registered assigns).

     SECTION 2.10 Prepayment of Loans.

     (a) Borrower shall have the right at any time and from time to time to prepay any Borrowing in
whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

     (b) Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any
prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00
p.m., New York City time, three Business Days before the date of prepayment or (ii) in the case of
prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City

23

 

time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the
prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid;
provided that, if a notice of prepayment is given in connection with a conditional notice of
termination of the Commitments as contemplated by Section 2.8, then such notice of
prepayment may be revoked if such notice of termination is revoked in accordance with Section
2.8. Promptly following receipt of any such notice relating to a Borrowing, the Administrative
Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing
shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same
Type as provided in Section 2.2. Each prepayment of a Borrowing shall be applied ratably
to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.12 and compensation for break funding, to the
extent required by Section 2.15.

     SECTION 2.11 Fees.

     (a) Borrower agrees to pay to the Administrative Agent for the account of each Lender on a pro
rata basis (based on Commitments) a commitment fee (the “Commitment Fee”), which Commitment
Fee shall accrue at the Commitment Fee Rate on the daily amount of the Unused Commitments during
the period from and including the Effective Date to but excluding the Revolving Commitment
Termination Date. Accrued Commitment Fees shall be payable in arrears on the first day of, April,
July and October and the second day of January of each year, as applicable, and on the Revolving
Commitment Termination Date, commencing on the first such date to occur after the Effective Date;
provided that any Commitment Fees accruing as of the date on which the Commitments
terminate shall be payable on demand. All Commitment Fees shall be computed on the basis of a year
of 365 days (or 366 days in a leap year) and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day).

     (b) Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in
the amounts and at the times separately agreed upon between Borrower and the Administrative Agent.

     (c) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent for distribution, in the case of Commitment Fees, to the Lenders. Any
and all fees paid shall not be refundable under any circumstances.

     SECTION 2.12 Interest.

     (a) The Loans comprising each ABR Borrowing shall bear interest on the daily amount
outstanding at the Alternate Base Rate.

     (b) The Loans comprising each Eurodollar Borrowing shall bear interest on the daily amount
outstanding at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the
CDS Margin; provided that, for all periods after the Revolving Commitment Termination Date,
the CDS Margin shall equal the “CDS Margin Cap” (set forth in the definition of “CDS Margin”)
corresponding to the Applicable Rating Level in effect on any Determination Date

     (c) [Intentionally omitted].

24

 

     (d) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by Borrower hereunder is not paid when due, whether at stated maturity, upon
acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section
or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in
paragraph (a) of this Section.

     (e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Loans on the Maturity Date; provided that (i) interest
accrued pursuant to paragraph (d) of this Section shall be payable on demand, (ii) in the event of
any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid
shall be payable on the date of such repayment or prepayment, and (iii) in the event of any
conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued
interest on such Loan shall be payable on the effective date of such conversion.

     (f) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is
based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap
year), and in each case shall be payable for the actual number of days elapsed (including the first
day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO
Rate shall be determined by the Administrative Agent, and such determination shall be conclusive
absent demonstrable error.

     SECTION 2.13 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a
Eurodollar Borrowing:

     (i) the Administrative Agent determines (which determination shall be conclusive absent
demonstrable error) that adequate and reasonable means do not exist for ascertaining the
Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or

     (ii) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO
Rate for such Interest Period will not adequately and fairly reflect the cost to such
Lenders of making or maintaining their Loans included in such Borrowing for such Interest
Period;

then the Administrative Agent shall give notice thereof to Borrower and the Lenders by telephone or
telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies
Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any
Interest Election Request that requests the conversion of any Borrowing to, or continuation of any
Borrowing as, a Eurodollar Borrowing shall be ineffective, and (ii) if any Borrowing Request
requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing; provided that if
the circumstances giving rise to such notice affect only one Type of Borrowings, then the other
Type of Borrowings shall be permitted.

     SECTION 2.14 Increased Costs.

25

 

     (a) If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by,
any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); or

     (ii) impose on any Lender or the London interbank market any other condition affecting
this Agreement or Eurodollar Loans made by such Lender;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal,
interest or otherwise), then Borrower will pay to such Lender such additional amount or amounts as
will compensate such Lender for such additional costs incurred or reduction suffered.

     (b) If any Lender reasonably determines that any Change in Law regarding capital requirements
has or would have the effect of reducing the rate of return on such Lender’s capital or on the
capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans
made by such Lender, to a level below that which such Lender or such Lender’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s policies and the
policies of such Lender’s holding company with respect to capital adequacy), then from time to time
Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender
or such Lender’s holding company for any such reduction suffered.

     (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such
Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section (together with the calculation thereof) shall be delivered to Borrower and shall be
conclusive absent demonstrable error. Borrower shall pay such Lender the amount shown as due on
any such certificate within 10 days after receipt thereof.

     (d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s right to demand such compensation; provided that
Borrower shall not be required to compensate a Lender pursuant to this Section for any increased
costs or reductions incurred more than 180 days prior to the date that such Lender notifies
Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s intention to claim compensation therefor; provided further that, if the Change in Law
giving rise to such increased costs or reductions is retroactive, then the 180-day period referred
to above shall be extended to include the period of retroactive effect thereof.

     SECTION 2.15 Break Funding Payments. In the event of (a) the payment of any principal of any
Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a
result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last
day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Loan on the date specified in any notice delivered pursuant

26

 

hereto (regardless of whether such notice may be revoked under Section 2.10(b) and is
revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on the
last day of the Interest Period applicable thereto as a result of a request by Borrower pursuant to
Section 2.18 then, in any such event, Borrower shall compensate each Lender for the loss,
cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or
expense to any Lender shall be deemed to include an amount determined by such Lender to be the
excess, if any, of (i) the amount of interest which would have accrued on the principal amount of
such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to
such Loan, for the period from the date of such event to the last day of the then current Interest
Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that
would have been the Interest Period for such Loan), over (ii) the amount of interest which would
accrue on such principal amount for such period at the interest rate which such Lender would bid
were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and
period from other banks in the eurodollar market. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive, together with the calculation thereof,
pursuant to this Section shall be delivered to Borrower and to the Administrative Agent and shall
be conclusive absent demonstrable error. Borrower shall pay to the Administrative Agent for the
account of such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof.

     SECTION 2.16 Taxes.

     (a) Any and all payments by or on account of any obligation of Borrower hereunder shall be
made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided
that if Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from such
payments, then (i) the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this Section)
the Administrative Agent or Lender (as the case may be) receives an amount equal to the sum it
would have received had no such deductions been made, (ii) Borrower shall make such deductions and
(iii) Borrower shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law.

     (b) In addition, Borrower shall pay any Other Taxes to the relevant Governmental Authority in
accordance with applicable law.

     (c) Borrower shall pay the Administrative Agent and each Lender, within 10 days after written
demand therefor, the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative
Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any
obligation of Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on
or attributable to amounts payable under this Section) and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto (other than any such penalties or interest
arising through the failure of the Administrative Agent or Lender to act as a reasonably prudent
agent or lender, respectively), whether or not such Indemnified Taxes or Other Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to Borrower by a Lender, or by the Administrative
Agent on its own behalf or on behalf of a Lender, shall be conclusive absent demonstrable error.

27

 

     (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by Borrower
to a Governmental Authority, Borrower shall deliver to the Administrative Agent the original or a
certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy
of the return reporting such payment or other evidence of such payment reasonably satisfactory to
the Administrative Agent.

     (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which Borrower is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to Borrower
(with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such
properly completed and executed documentation prescribed by applicable law or reasonably requested
by Borrower as will permit such payments to be made without withholding or at a reduced rate.

     SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

     (a) Borrower shall make each payment required to be made by it to the Administrative Agent
hereunder (whether of principal, interest or fees, or of amounts payable under Sections
2.14, 2.15 or 2.16, or otherwise) prior to 1:00 p.m., New York City time, on
the date when due, in immediately available funds, without set-off or counterclaim. All such
payments shall be made to the Administrative Agent, c/o Loan & Agency Services Group, JPMorgan
Chase Bank, N.A., 1111 Fannin Street, 10th Floor, Houston, Texas 77002-8069, Attention:
Ms. Monica Espitia, telephone no.: 713-427-6557, facsimile no.: 713-427-6307, except that payments
pursuant to Sections 2.14, 2.16 and 10.3 shall be made directly to the
Persons entitled thereto. The Administrative Agent shall distribute any such payments received by
it for the account of any other Person to the appropriate recipient promptly following receipt
thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day, and, in the case of any payment
accruing interest, interest thereon shall be payable for the period of such extension. All
payments hereunder shall be made in dollars.

     (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall
be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the
parties entitled thereto in accordance with the amounts of interest and fees then due to such
parties, and (ii) second, towards payment of principal then due hereunder, ratably among the
parties entitled thereto in accordance with the amounts of principal then due to such parties. If
insufficient funds are received due to Borrower’s entitlement to withhold amounts on account of
Excluded Taxes in relation to a particular Lender, such insufficiency shall not be subject to this
Section 2.17(b) but shall be withheld from and shall only affect payments made to such
Lender.

     (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans resulting in such
Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued
interest thereon than the proportion received by any other Lender, then the Lender receiving such
greater proportion shall purchase (for cash at face value) participations in the

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Loans of other Lenders to the extent necessary so that the benefit of all such payments shall
be shared by the Lenders ratably in accordance with the aggregate amount of principal of and
accrued interest on their respective Loans; provided that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery,
without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any
payment made by Borrower pursuant to and in accordance with the express terms of this Agreement or
any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans to any assignee or participant, other than to Borrower or any Subsidiary or
Affiliate thereof (as to which the provisions of this paragraph shall apply). Borrower consents to
the foregoing and agrees, to the extent it may effectively do so under applicable law, that any
Lender acquiring a participation pursuant to the foregoing arrangements may exercise against
Borrower rights of set-off and counterclaim with respect to such participation as fully as if such
Lender were a direct creditor of Borrower in the amount of such participation.

     (d) Unless the Administrative Agent shall have received notice from Borrower prior to the date
on which any payment is due to the Administrative Agent for the account of the Lenders hereunder
that Borrower will not make such payment, the Administrative Agent may assume that Borrower has
made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders the amount due. In such event, if Borrower has not in fact made such
payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith
on demand the amount so distributed to such Lender with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation.

     (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.17(d), then the Administrative Agent may, in its discretion, notwithstanding any
contrary provision hereof, (i) apply any amounts thereafter received by the Administrative Agent
for the account of such Lender for the benefit of the Administrative Agent to satisfy such Lender’s
obligations to it under such Section until all such unsatisfied obligations are fully paid, and/or
(ii) hold any such amounts in a segregated account as cash collateral for, and application to, any
future funding obligations of such Lender under any such Section, in the case of each of clauses
(i) and (ii) above, in any order as determined by the Administrative Agent in its reasonable
discretion.

     SECTION 2.18 Mitigation Obligations; Replacement of Lenders.

     (a) If any Lender requests compensation under Section 2.14, or if Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 2.16, then such Lender shall use reasonable efforts to designate
a different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of
such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant
to Section 2.14 or 2.16, as the case may be, in the future and (ii) would not

29

 

subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. Borrower hereby agrees to pay all reasonable costs and expenses
incurred by any Lender in connection with any such designation or assignment.

     (b) If any Lender requests compensation under Section 2.14, or if Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 2.16, or if any Lender defaults in its obligation to fund Loans
hereunder, or if any Lender is a Defaulting Lender hereunder, then Borrower may upon notice to such
Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse
or expense to, or warranty by, such Lender (in accordance with and subject to the restrictions
contained in Section 10.4), all its interests, rights and obligations under this Agreement
to an assignee designated by Borrower which meets the requirements of Section 10.4(b) that
shall assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) Borrower shall have received the prior written consent of the
Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the
extent of such outstanding principal and accrued interest and fees) or Borrower (in the case of all
other amounts), (iii) the assignee and assignor shall have entered into an Assignment and
Acceptance, and (iv) in the case of any such assignment resulting from a claim for compensation
under Section 2.14 or payments required to be made pursuant to Section 2.16, such
assignment will result in a reduction in such compensation or payments.

     SECTION 2.19 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary,
if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as
such Lender is a Defaulting Lender:

     (a) Fees shall cease to accrue on the Commitment of such Defaulting Lender pursuant to
Section 2.11; and

     (b) the Commitment and Credit Exposure of such Defaulting Lender shall not be included (in
either the calculation of aggregate Commitments, outstanding Obligations or otherwise) in
determining whether the Required Lenders have taken or may take any action hereunder (including any
consent to any amendment, waiver or other modification pursuant to Section 10.2);
provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the
case of an amendment, waiver or other modification requiring the consent of such Lender as a Lender
affected thereby pursuant to Section 10.2(b).

Borrower may elect to replace any Defaulting Lender in accordance with the provisions of
Section 2.18(b). In the event that the Administrative Agent and Borrower each agrees that
a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting
Lender, then the Credit Exposure of the Lenders shall be readjusted to reflect the inclusion of
such Lender’s Commitment.

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ARTICLE III

Representations and Warranties

     In order to induce the Lenders and the Agents to enter into this Agreement and the Lenders to
make Loans hereunder, Borrower represents and warrants unto the Agents and each Lender as set forth
in this Article III.

     SECTION 3.1 Organization. Borrower is a corporation, and each of its Subsidiaries is a
corporation or other legal entity, in either case duly incorporated or otherwise properly
organized, validly existing and in good standing under the laws of its jurisdiction of
incorporation or organization and has all requisite authority, permits and approvals, and is in
good standing to conduct its business in each jurisdiction in which its business is conducted where
the failure to so qualify would have a Material Adverse Effect.

     SECTION 3.2 Authorization and Validity. The execution, delivery and performance by Borrower of
this Agreement and each other Loan Document executed or to be executed by it, are within Borrower’s
corporate powers, have been duly authorized by all necessary corporate action on behalf of it, and
do not (a) contravene Borrower’s articles of incorporation or other organizational documents, as
the case may be; (b) contravene any material contractual restriction, law or governmental
regulation or court decree or order binding on or affecting Borrower or any Subsidiary; or (c)
result in, or require the creation or imposition of, any Lien, not permitted by Section
7.1, on any of Borrower’s or any Subsidiary’s properties. This Agreement constitutes, and each
other Loan Document executed by Borrower will, on the due execution and delivery thereof,
constitute, the legal, valid and binding obligations of Borrower enforceable in accordance with
their respective terms subject as to enforcement only to bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditor rights generally and to
general principles of equity.

     SECTION 3.3 Government Approval and Regulation. No authorization or approval or other action by,
and no notice to or filing with, any governmental authority or regulatory body or other Person is
required for the due execution, delivery or performance by Borrower of this Agreement or any other
Loan Document. Neither Borrower nor any of its Subsidiaries is an “investment company,” within the
meaning of the Investment Company Act of 1940, as amended.

     SECTION 3.4 Pension and Welfare Plans. During the twelve-consecutive-month period prior to the
date of the execution and delivery of this Agreement and prior to the date of any Borrowing
hereunder, no steps have been taken to terminate any Pension Plan, and no contribution failure has
occurred with respect to any Pension Plan sufficient to give rise to a lien under Section 302(f) of
ERISA. No condition exists or event or transaction has occurred with respect to any Pension Plan
which would result in the incurrence by Borrower or any member of the Controlled Group of any
liability, fine or penalty in excess of $100,000,000. Neither Borrower nor any member of the
Controlled Group has any contingent liability with respect to any post-retirement benefit under a
Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of
ERISA.

31

 

     SECTION 3.5 Regulation U. Borrower is not engaged in the business of extending credit for the
purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a
purpose which violates, or would be inconsistent with, Regulation U. Terms for which meanings are
provided in Regulations U are used in this Section with such meanings.

     SECTION 3.6 Taxes. Borrower and each of its Subsidiaries has to the best knowledge of Borrower
after due investigation filed all tax returns and reports required by law to have been filed by it
and has paid all taxes and governmental charges thereby shown to be owing, except any such taxes or
charges which are being contested in good faith by appropriate proceedings and for which adequate
reserves in accordance with GAAP shall have been set aside on its books or which the failure to
file or pay could not reasonably be expected to have a Material Adverse Effect.

     SECTION 3.7 Subsidiaries; Restricted Subsidiaries. Schedule 3.7 hereto contains an accurate list
of all of the presently existing Subsidiaries, including, without limitation, Restricted
Subsidiaries, of Borrower as of the date of this Agreement, setting forth their respective
jurisdictions of incorporation or organization and the percentage of their respective capital stock
or, the revenue share attributable to the general and limited partnership interests, as the case
may be, owned by Borrower or other Subsidiaries. All of the issued and outstanding shares of
capital stock of such Subsidiaries which are corporations have been duly authorized and issued and
are fully paid and non-assessable.

ARTICLE IV

Conditions

     SECTION 4.1 Effectiveness. This Agreement shall become effective upon the prior or concurrent
satisfaction of each of the conditions precedent set forth in this Section 4.1.

     (a) Resolutions and Officers Certificates. The Administrative Agent shall have
received from Borrower a certificate, dated the Effective Date, of the Secretary or Assistant
Secretary of Borrower as to (i) resolutions of its governing board, then in full force and effect
authorizing the execution, delivery and performance of this Agreement and each other Loan Document
to be executed by it; (ii) the incumbency and signatures of those of its officers authorized to act
with respect to this Agreement and each other Loan Document executed by it; and (iii) its
certificate of incorporation and bylaws; upon which certificates each Lender may conclusively rely
until it shall have received a further certificate of an authorized officer of Borrower canceling
or amending such prior certificate.

     (b) Opinions of Counsel. The Administrative Agent shall have received opinions, dated
the Effective Date, addressed to the Administrative Agent, the other Agents and all Lenders, from
Thompson & Knight LLP, counsel to Borrower, in substantially the form attached hereto as
Exhibit A.

     (c) Closing Fees and Expenses. The Administrative Agent shall have received for its
own account, or for the account of each Lender and other Agent, as the case may be, all fees, costs
and expenses due and payable pursuant hereto.

32

 

     (d) Financial Statements. The Administrative Agent shall have received a
certificate, signed by an Authorized Officer of Borrower, stating that the audited consolidated
financial statements of Borrower and its Subsidiaries for fiscal year 2009 (the “2009
Financials”) fairly present Borrower’s financial condition and results of operations and that
prior to the Effective Date no material adverse change in the condition or operations of Borrower
and its Subsidiaries, taken as a whole, from that reflected in the 2009 Financials has occurred and
is continuing.

     (e) Environmental Warranties. In the ordinary course of its business, Borrower
conducts an ongoing review of the effect of existing Environmental Laws on the business, operations
and properties of Borrower and its Subsidiaries, in the course of which it attempts to identify and
evaluate associated liabilities and costs (including, without limitation, any capital or operating
expenditures required for clean-up or closure of properties presently or previously owned, any
capital or operating expenditures required to achieve or maintain compliance with environmental
protection standards imposed by law or as a condition of any license, permit or contract, any
related constraints on operating activities, including any periodic or permanent shutdown of any
facility or reduction in the level of or change in the nature of operations conducted thereat and
any actual or potential liabilities to third parties, including employees, and any related costs
and expenses). On the basis of this review, the Administrative Agent shall have received a
certificate, signed by an Authorized Officer of Borrower, stating that after such review Borrower
has reasonably concluded that existing Environmental Laws are unlikely to have a Material Adverse
Effect, or that Borrower has established adequate reserves in respect of any required clean-up or
other remediation.

     (f) Effectiveness Notice. The Administrative Agent shall have received the
Effectiveness Notice.

     (g) Litigation. The Administrative Agent shall have received a certificate, signed by
an Authorized Officer of Borrower, stating that no litigation, arbitration, governmental
proceeding, Tax claim, dispute or administrative or other proceeding shall be pending or, to the
knowledge of Borrower, threatened against Borrower or any of its Subsidiaries which could
reasonably be expected to have a Material Adverse Effect or which purports to affect the legality,
validity or enforceability of this Agreement or any other Loan Document.

     (h) Other Documents. The Administrative Agent shall have received such other
instruments and documents as any of the Agents or their counsel may have reasonably requested.

The Administrative Agent shall notify Borrower, the other Agents and the Lenders of the Effective
Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the
obligations of the Lenders to make Loans hereunder shall not become effective unless each of the
foregoing conditions is satisfied (or waived pursuant to Section 10.2) at or prior to 3:00
p.m., New York City time, on September 30, 2010 (and, in the event such conditions are not so
satisfied or waived, the Commitments shall terminate at such time).

     SECTION 4.2. All Loans. The obligation of each Lender to fund any Loan which results in an
increase in the aggregate outstanding principal amount of Loans under this Agreement on the
occasion of any Borrowing shall be subject to the satisfaction of each of the conditions precedent
set forth in this Section 4.2.

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     (a) Compliance with Warranties and No Default. Both before and after giving effect to
any Borrowing, the following statements shall be true and correct: (1) the representations and
warranties set forth in Article III shall be true and correct with the same effect as if
then made (unless stated to relate solely to an earlier date, in which case such representations
and warranties shall be true and correct as of such earlier date); and (2) no Default or Event of
Default shall have then occurred and be continuing.

     (b) Borrowings. The Administrative Agent shall have received a Borrowing Request for
such Borrowing.

ARTICLE V

Affirmative Covenants

     Until the Commitments have expired or been terminated and all Obligations shall have been paid
in full and unless the Required Lenders shall otherwise consent in writing, Borrower covenants and
agrees with the Lenders that:

     SECTION 5.1. Financial Reporting and Notices. Borrower will furnish, or will cause to be
furnished, to each Lender and the Administrative Agent copies of the following financial
statements, reports, notices and information:

	 	(a)	 	within 90 days after the end of each Fiscal Year of Borrower, a copy of the
audited annual report for such fiscal year for Borrower and its Subsidiaries, including
therein consolidated balance sheets of Borrower and its Subsidiaries as of the end of
such fiscal year and consolidated statements of earnings and cash flow of Borrower and
its Subsidiaries for such fiscal year, in each case certified (without qualification)
by independent public accountants of nationally recognized standing selected by
Borrower;
	 
	 	(b)	 	within 45 days after the end of each of the first three fiscal quarters of each
fiscal year of Borrower commencing with the fiscal quarter ending September 30, 2010,
unaudited consolidated balance sheets of Borrower and its Subsidiaries as of the end of
such fiscal quarter and consolidated statements of earnings and cash flow of Borrower
and its Subsidiaries for such fiscal quarter and for the period commencing at the end
of the previous fiscal year and ending with the end of such fiscal quarter, certified
by an Authorized Officer of Borrower;
	 
	 	(c)	 	together with the financial statements described in (a) and (b), above a
compliance certificate, in substantially the form of Exhibit B or any other
form approved by the Administrative Agent, executed by an Authorized Officer of
Borrower;
	 
	 	(d)	 	within five (5) days after the occurrence of each Default, a statement of an
Authorized Officer of Borrower setting forth details of such Default and the action
which Borrower has taken and proposes to take with respect thereto;
	 
	 	(e)	 	promptly after the sending or filing thereof, copies of all material public
filings, reports and communications from Borrower, and all reports and registration

34

 

	 	 	 	statements which Borrower or any of its Subsidiaries files with the Securities and
Exchange Commission or any national securities exchange;
	 
	 	(f)	 	immediately upon becoming aware of the institution of any steps by Borrower or
any other Person to terminate any Pension Plan, or the failure to make a required
contribution to any Pension Plan if such failure is sufficient to give rise to a Lien
under Section 302(f) of ERISA, or the taking of any action with respect to a Pension
Plan which would reasonably be expected to result in the requirement that Borrower
furnish a bond or other security to the PBGC or such Pension Plan, or the occurrence of
any event with respect to any Pension Plan which would reasonably be expected to result
in the incurrence by Borrower of any liability, fine or penalty in excess of
$100,000,000, or any material increase in the contingent liability of Borrower with
respect to any postretirement Welfare Plan benefit, notice thereof; and
	 
	 	(g)	 	such other information respecting the financial condition or operations of
Borrower or any of its Subsidiaries as any Lender through the Administrative Agent may
from time to time reasonably request.

     SECTION 5.2. Compliance with Laws. Borrower will, and will cause each of its Subsidiaries to,
comply in all material respects with all applicable laws, rules, regulations and orders where
noncompliance therewith may reasonably be expected to have a Material Adverse Effect, except where
the necessity of compliance therewith is contested in good faith by appropriate proceedings.

     SECTION 5.3. Maintenance of Properties. Borrower will, and will cause each of its Subsidiaries to,
maintain, preserve, protect and keep valid title to, or valid leasehold interest in, all of its
properties and assets, real and personal, tangible and intangible, of any nature whatsoever
(including patents, trademarks, trade names, service marks and copyrights), free and clear of all
Liens, charges or claims (including infringement claims with respect to patents, trademarks,
copyrights and the like) except as permitted pursuant to Section 7.1 and except for
imperfections and other burdens of title thereto as do not in the aggregate materially detract from
the value thereof or for the use thereof in their businesses (taken as a whole).

     SECTION 5.4. Insurance. Borrower will, and will cause each of its Subsidiaries to, maintain or
cause to be maintained with responsible insurance companies (subject to self-insured retentions)
insurance with respect to its properties and business against such casualties and contingencies and
of such types and in such amounts as is customary in the case of similar businesses.

     SECTION 5.5. Books and Records. Borrower will, and will cause each of its Subsidiaries to, keep
books and records which accurately reflect all of its business affairs and transactions and permit
the Administrative Agent and the other Agents and each Lender through the Administrative Agent or
any of their respective authorized representatives, during normal business hours and at reasonable
intervals, to visit all of its offices, to discuss its financial matters with its officers and to
examine (and, at the expense of the Administrative Agent or such

35

 

other Agent or Lender or, if a Default or Event of Default has occurred and is continuing, at
the expense of Borrower, photocopy extracts from) any of its books or other records.

     SECTION 5.6. Use of Proceeds. Borrower will, and will cause each Subsidiary to, use the proceeds
of the Loans (i) for the purpose of funding payment of the costs associated with the Acquisitions
and to pay fees and expenses in connection with the Acquisitions and this Agreement, and (ii) for
Borrower’s and its Subsidiaries’ general corporate purposes, including any non-hostile
acquisitions, or to backup Borrower’s commercial paper facilities.

ARTICLE VI

Financial Covenant

     Until the Commitments have expired or been terminated and all Obligations shall have been paid
in full and unless the Required Lenders shall otherwise consent in writing, Borrower covenants and
agrees with the Lenders that:

     SECTION 6.1. Ratio of Total Debt to Capital. Borrower will not permit its ratio (expressed as a
percentage) of (i) the consolidated Debt of Borrower and its Subsidiaries to (ii) Capital to be
greater than 60% at the end of any fiscal quarter beginning with the fiscal quarter ending
September 30, 2010.

ARTICLE VII

Negative Covenants

     Until the Commitments have expired or terminated and all Obligations have been paid in full
and unless the Required Lenders shall otherwise consent in writing, Borrower covenants and agrees
with the Lenders that:

     SECTION 7.1. Liens. Borrower will not, and will not permit any of its Subsidiaries to, create,
incur, assume or suffer to exist any Lien upon the stock, assets, or indebtedness of Borrower or
any of its Subsidiaries to secure Indebtedness of Borrower or any other Person except:

	 	(i)	 	Liens on any property or assets owned or leased by Borrower or any Subsidiary
existing at the time such property or asset was acquired (or at the time such Person
became a Subsidiary); provided that in the case of the acquisition of a Subsidiary such
Lien only encumbers property or assets immediately prior to, or at the time of, the
acquisition by Borrower of such Subsidiary;
	 
	 	(ii)	 	purchase money Liens so long as such Liens only encumber property or assets
acquired with the proceeds of the purchase money indebtedness incurred in connection
with such Lien;
	 
	 	(iii)	 	Liens granted by an Unrestricted Subsidiary on its assets to secure
Indebtedness incurred by such Unrestricted Subsidiary;
	 
	 	(iv)	 	Liens on assets of a Restricted Subsidiary securing Indebtedness of a
Restricted Subsidiary owing to Borrower or to another Restricted Subsidiary or Liens on

36

 

	 	 	 	assets of an Unrestricted Subsidiary securing Indebtedness of an Unrestricted
Subsidiary owing to Borrower, to a Restricted Subsidiary or to another Unrestricted
Subsidiary;
	 
	 	(v)	 	Liens existing on the Effective Date set forth on Schedule 7.1;
	 
	 	(vi)	 	Liens arising under operating agreements;
	 
	 	(vii)	 	Liens reserved in oil, gas and/or mineral leases for bonus rental payments and
for compliance with the terms of such leases;
	 
	 	(viii)	 	Liens pursuant to partnership agreements, oil, gas and/or mineral leases, farm-out
agreements, division orders, contracts for the sale, delivery, purchase, exchange, or
processing of oil, gas and/or other hydrocarbons, unitization and pooling declarations
and agreements, operating agreements, development agreements, area of mutual interest
agreements, forward sales of oil, natural gas and natural gas liquids, and other
agreements which are customary in the oil, gas and other mineral exploration,
development and production business and in the business of processing of gas and gas
condensate production for the extraction of products therefrom;
	 
	 	(ix)	 	Liens on the stock or other ownership interests of or in any Unrestricted
Subsidiary;
	 
	 	(x)	 	Liens for taxes, assessments or similar charges, incurred in the ordinary
course of business, that are not yet due and payable or that are being contested as set
forth in Section 3.6;
	 
	 	(xi)	 	pledges or deposits made in the ordinary course of business to secure payment
of worker’s compensation, or to participate in any fund in connection with worker’s
compensation, unemployment insurance, old-age pensions or other social security
programs;
	 
	 	(xii)	 	Liens imposed by mandatory provisions of law such as for mechanics’,
materialmen’s, warehousemen’s, carriers’, or other like Liens, securing obligations
incurred in the ordinary course of business that are not yet due and payable;
	 
	 	(xiii)	 	Liens in renewal or extension of any of the foregoing permitted Liens, so long as
limited to the property or assets encumbered and the amount of Indebtedness secured
immediately prior to such renewal or extension; and
	 
	 	(xiv)	 	in addition to Liens permitted by clauses (i) through (xiii) above, Liens on
property or assets of the Borrower and its Subsidiaries if the aggregate Indebtedness
of all such Persons secured thereby does not exceed five percent (5%) of Borrower’s
Consolidated Assets; provided that nothing in this definition shall in and of itself
constitute or be deemed to constitute an agreement or acknowledgment by the
Administrative Agent or any Lender that the

37

 

	 	 	 	Indebtedness subject to or secured by any such Lien ranks (apart from the effect of
any Lien included in or inherent in any such Liens) in priority to the Obligations.

     SECTION 7.2. Mergers. Borrower will not liquidate or dissolve, consolidate with, or merge into or
with, any other Person, or sell, lease or otherwise transfer all or substantially all of its assets
unless (a) Borrower is the survivor of such merger or consolidation, and (b) no Default or Event of
Default has occurred and is continuing or would occur after giving effect thereto.

     SECTION 7.3. Asset Dispositions. Borrower will not, and will not permit any of its Restricted
Subsidiaries to, sell, transfer, lease, contribute or otherwise convey, or grant options, warrants
or other rights with respect to all or substantially all of its assets. Notwithstanding the
foregoing, nothing herein shall prohibit any transfer of any assets from any Borrower to any
Subsidiary of Borrower, from any Subsidiary of a Borrower to such Borrower or from a Subsidiary of
Borrower to another Subsidiary of such Borrower.

     SECTION 7.4. Transactions with Affiliates. Borrower will not, and will not permit any of its
Subsidiaries to, enter into, or cause, suffer or permit to exist any arrangement or contract with
any of its other Affiliates unless such arrangement or contract or group of arrangements or
contracts, as the case may be, are conducted on an arms-length basis; provided, however, that this
Section shall not apply to Apache Offshore Investment Partnership, a Delaware general partnership,
Apache Offshore Petroleum Limited Partnership, a Delaware limited partnership, Main Pass 151
Pipeline Company, a Texas general partnership, and Apache 681/682 Joint Venture, a Texas joint
venture.

     SECTION 7.5. Restrictive Agreements. Borrower will not, and will not permit any of its
Subsidiaries to, enter into any agreement (excluding this Agreement, or any other Loan Document)
limiting the ability of Borrower to amend or otherwise modify this Agreement or any other Loan
Document. Borrower will not, and will not permit any of its Restricted Subsidiaries to, enter into
any agreement which restricts or prohibits the ability of any Restricted Subsidiary to make any
payments, directly or indirectly, to Borrower by way of dividends, advances, repayments of loans or
advances, reimbursements of management and other intercompany charges, expenses and accruals or
other returns on investments, or any other agreement or arrangement which restricts the ability of
any such Restricted Subsidiary to make any payment, directly or indirectly, to Borrower.

     SECTION 7.6. Guaranties. Borrower will not, and will not permit any of its Restricted Subsidiaries
to, guaranty any Indebtedness not included in the consolidated Debt of Borrower and its
Subsidiaries in an aggregate outstanding principal amount at any time exceeding $100,000,000.

ARTICLE VIII

Events of Default

     SECTION 8.1. Listing of Events of Default. Each of the following events or occurrences described
in this Section 8.1 shall constitute an “Event of Default”:

38

 

	 	(a)	 	Non-Payment of Obligations. Borrower shall default in the payment or
prepayment when due of any principal of any Loan, or Borrower shall default (and such
default shall continue unremedied for a period of five (5) Business Days) in the
payment when due of any interest, fee or of any other obligation hereunder.
	 
	 	(b)	 	Breach of Warranty. Any representation or warranty of Borrower made or
deemed to be made hereunder or in any other Loan Document or any other writing or
certificate furnished by or on behalf of Borrower to the Administrative Agent, any
other Agent or any Lender for the purposes of or in connection with this Agreement or
any such other Loan Document is or shall be false or misleading when made in any
material respect.
	 
	 	(c)	 	Non-Performance of Covenants and Obligations. Borrower shall default
in the due performance and observance of any of its obligations under Section
7.2 or under Article VI.
	 
	 	(d)	 	Non-Performance of Other Covenants and Obligations. Borrower shall
default in the due performance and observance of any other agreement contained herein
or in any other Loan Document, and such default shall continue unremedied for a period
of 30 days after notice thereof shall have been given to Borrower by the Administrative
Agent or the Required Lenders.
	 
	 	(e)	 	Default on Other Indebtedness. A default shall occur in the payment
when due (subject to any applicable grace period), whether by acceleration or
otherwise, of any direct payment obligation of Borrower or any of its Restricted
Subsidiaries in any amount in excess of $100,000,000.
	 
	 	(f)	 	Pension Plans. Any of the following events shall occur with respect to
any Pension Plan: (a) the termination of a Pension Plan if, as a result of such
termination, Borrower or any member of its Controlled Group could be required to make a
contribution to such Pension Plan, or would reasonably expect to incur a liability or
obligation to such Pension Plan, in excess of $100,000,000; or (b) a contribution
failure occurs with respect to any Pension Plan sufficient to give rise to a lien under
Section 302(f) of ERISA with respect to a liability or obligation in excess of
$100,000,000.
	 
	 	(g)	 	Bankruptcy and Insolvency. Borrower or any of its Restricted
Subsidiaries shall (a) become insolvent or generally fail to pay, or admit in writing
its inability or unwillingness to generally pay, debts as they become due; (b) apply
for, consent to, or acquiesce in, the appointment of a trustee, receiver, sequestrator
or other custodian for Borrower, or any of its Restricted Subsidiaries, or any
substantial part of the property of any thereof, or make a general assignment for the
benefit of creditors; (c) in the absence of such application, consent or acquiescence,
permit or suffer to exist the appointment of a trustee, receiver, sequestrator or other
custodian for Borrower, or any of its Restricted Subsidiaries, or for a substantial
part of the property of any thereof, and such trustee, receiver, sequestrator or other

39

 

	 	 	 	custodian shall not be discharged within 60 days, provided that Borrower and each
Restricted Subsidiary hereby expressly authorizes the Administrative Agent, each
other Agent and each Lender to appear in any court conducting any relevant
proceeding during such 60-day period to preserve, protect and defend their rights
under the Loan Documents; (d) permit or suffer to exist the commencement of any
bankruptcy, reorganization, debt arrangement or other case or proceeding under any
bankruptcy or insolvency law, or any dissolution, winding up or liquidation
proceeding, in respect of Borrower or any of its Restricted Subsidiaries, and, if
any such case or proceeding is not commenced by Borrower or such Restricted
Subsidiary, such case or proceeding shall be consented to or acquiesced in by
Borrower or such Restricted Subsidiary or shall result in the entry of an order for
relief or shall remain for 60 days undismissed, provided that Borrower and each
Restricted Subsidiary hereby expressly authorizes the Administrative Agent and each
Lender to appear in any court conducting any such case or proceeding during such
60-day period to preserve, protect and defend their rights under the Loan Documents;
or (e) take any corporate or partnership action authorizing, or in furtherance of,
any of the foregoing.
	 
	 	(h)	 	Judgments. Any judgment or order for the payment of money in an amount
of $100,000,000 or more in excess of valid and collectible insurance in respect thereof
or in excess of an indemnity with respect thereto reasonably acceptable to the Required
Lenders shall be rendered against Borrower or any of its Restricted Subsidiaries and
either (a) enforcement proceedings shall have been commenced by any creditor upon such
judgment or order, or (b) such judgment shall have become final and non-appealable and
shall have remained outstanding for a period of 60 consecutive days.
	 
	 	(i)	 	Change in Control. Any Person or group of Persons (within the meaning
of Section 13 or 14 of the Securities Exchange Act) shall acquire beneficial ownership
(within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission
under the Securities Exchange Act) of 33 1/3% or more of the outstanding shares of
common stock of Borrower.

     SECTION 8.2. Action if Bankruptcy. If any Event of Default described in Section 8.1(g)
shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the
outstanding principal amount of all outstanding Loans and all other obligations hereunder shall
automatically be and become immediately due and payable, without notice or demand.

     SECTION 8.3. Action if Other Event of Default. If any Event of Default (other than any Event of
Default described in Section 8.2) shall occur for any reason, whether voluntary or
involuntary, and be continuing, the Administrative Agent, upon the direction of the Required
Lenders, shall by notice to Borrower declare all of the outstanding principal amount of the Loans
and all other obligations hereunder to be due and payable and the Commitments (if not theretofore
terminated) to be terminated, whereupon the full unpaid amount of such Loans and other obligations
shall be and become immediately due and payable, without further notice, demand or presentment, and
the Commitments shall terminate.

40

 

ARTICLE IX

Agents

     Each of the Lenders hereby irrevocably appoints JPMorgan as Administrative Agent, and
Citibank, N.A., Bank of America, N.A. and Goldman Sachs Bank USA as Co-Syndication Agents and
authorizes each such Agent to take such actions on its behalf and to exercise such powers as are
delegated to such Agent by the terms hereof, together with such actions and powers as are
reasonably incidental thereto.

     Any bank serving as an Agent hereunder shall have the same rights and powers in its capacity
as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such
bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of
business with Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent
hereunder.

     The Agents shall not have any duties or obligations except those expressly set forth herein.
Without limiting the generality of the foregoing, (a) the Agents shall not be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing,
(b) each Agent shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby that
such Agent is required to exercise in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section
10.2), and (c) except as expressly set forth herein, each Agent shall not have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to Borrower
or any of its Subsidiaries that is communicated to or obtained by the bank serving as such Agent or
any of its Affiliates in any capacity. Each Agent shall not be liable for any action taken or not
taken by it with the consent or at the request of the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section
10.2) or in the absence of its own gross negligence or willful misconduct. Each Agent shall be
deemed not to have knowledge of any Default unless and until written notice thereof is given to
such Agent by Borrower or a Lender, and such Agent shall not be responsible for or have any duty to
ascertain or inquire into (i) any statement, warranty or representation made in or in connection
with this Agreement, (ii) the contents of any certificate, report or other document delivered
hereunder or in connection herewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth herein, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement or any other agreement, instrument or document, or
(v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other
than to confirm receipt of items expressly required to be delivered to such Agent. None of the
Persons identified on the facing page of this Agreement as the “Co-Lead Arrangers and Joint
Bookrunners” (the “Arrangers”) or the Co-Syndication Agents shall have any right,
power, obligation, liability, responsibility or duty under this Agreement or any other Loan
Document other than, except in the case of the Arrangers, those applicable to all Lenders as such.

     The Administrative Agent and the other Agents shall be entitled to rely upon, and shall not
incur any liability for relying upon, any notice, request, certificate, consent, statement,
instrument, document or other writing believed by it to be genuine and to have been signed or

41

 

sent by the proper Person. The Administrative Agent and the other Agents also may rely upon
any statement made to it orally or by telephone and believed by it to be made by the proper Person,
and shall not incur any liability for relying thereon. The Administrative Agent and the other
Agents may consult with legal counsel (who may be counsel for Borrower), independent accountants
and other experts selected by it, and shall not be liable for any action taken or not taken by it
in accordance with the advice of any such counsel, accountants or experts.

     Any Agent may perform any and all its duties and exercise its rights and powers by or through
any one or more sub-agents appointed by such Agent. Any Agent and any such sub-agent may perform
any and all its duties and exercise its rights and powers through their respective Related Parties.
The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to
the Related Parties of such Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein as well
as activities as an Agent.

     Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders and
Borrower. Upon any such resignation, Borrower shall have the right, in consultation with the
Required Lenders, to appoint one of the Lenders as a successor. If no successor shall have been so
appointed by Borrower and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may,
on behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank with an
office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder. The fees payable by Borrower to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between Borrower and such successor.
After the Administrative Agent’s resignation hereunder, the provisions of this Article and
Section 10.3 shall continue in effect for the benefit of such retiring Administrative
Agent, its sub-agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them while it was acting as Administrative Agent.

     Each Lender acknowledges that it has, independently and without reliance upon any Agent or any
other Lender and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it
will, independently and without reliance upon any Agent or any other Lender and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own
decisions in taking or not taking action under or based upon this Agreement, any related agreement
or any document furnished hereunder or thereunder.

ARTICLE X

Miscellaneous

     SECTION
10.1 Notices. Except in the case of notices and other communications expressly permitted
to be given by telephone, all notices and other communications provided for

42

 

herein shall be in writing and shall be delivered by hand or overnight courier service, mailed
by certified or registered mail or sent by telecopy, as follows:

	 	 	 	 	 	 	 	 
						
	 	 	(a)	 	if to Borrower, to:
	 
	 	 	 	 		 	 
	 	 	 	 	 	Apache Corporation
	 	 	 	 	 	2000 Post Oak Boulevard, Suite 100
	 	 	 	 	 	Houston, Texas 77056-4400
	 

	 	 	 	 	Attention:
	 	Matthew W. Dundrea
	 

	 	 	 	 		 	Vice President and Treasurer
	 

	 	 	 	 	Telephone:
	 	(713) 296-6640
	 

	 	 	 	 	Facsimile:
	 	(713) 296-6458
	 
	 	 	 	 		 	 
	 	 	 	 	with a copy to:
	 
	 	 	 	 		 	 
	 	 	 	 	 	Assistant Treasurer
	 	 	 	 	 	Apache Corporation
	 	 	 	 	 	2000 Post Oak Boulevard, Suite 100
	 	 	 	 	 	Houston, Texas 77056-4400
	 

	 	 	 	 	Telephone:
	 	(713) 296-6642
	 

	 	 	 	 	Facsimile:
	 	(713) 296-6477
	 
	 	 	 	 		 	 
	 	 	 	 	and with copy to:
	 
	 	 	 	 		 	 
	 	 	 	 	 	Vice President and General Counsel
	 	 	 	 	 	Apache Corporation
	 	 	 	 	 	2000 Post Oak Boulevard, Suite 100
	 	 	 	 	 	Houston, Texas 77056-4400
	 

	 	 	 	 	Telephone:
	 	(713) 296-6204
	 

	 	 	 	 	Facsimile:
	 	(713) 296-6458
	 
	 	 	 	 		 	 
	 	 	(b)	 	if to the Administrative Agent, to:
	 
	 	 	 	 		 	 
	 	 	 	 	 	JPMorgan Chase Bank, N.A.
	 	 	 	 	 	Loan & Agency Services Group
	 	 	 	 	 	1111 Fannin Street, 10th Floor
	 	 	 	 	 	Houston, Texas 77002
	 

	 	 	 	 	Attention:
	 	Monica Espitia
	 

	 	 	 	 	Telephone:
	 	(713) 427-6557
	 

	 	 	 	 	Facsimile:
	 	(713) 427-6307
	 
	 	 	 	 		 	 
	 	 	 	 	with a copy to:
	 
	 	 	 	 		 	 
	 	 	 	 	 	JPMorgan Chase Bank, N.A.
	 	 	 	 	 	707 Travis Street, 12th floor North
	 	 	 	 	 	Houston, Texas 77002
	 

	 	 	 	 	Attention:
	 	Debra Hrelja
	 

	 	 	 	 	Telephone:
	 	(713) 216-4039
	 

	 	 	 	 	Facsimile:
	 	(713) 216-8870

43

 

     (c) if to any other Lender, to it at its address (or telecopy number) provided to the
Administrative Agent and Borrower or as set forth in its Administrative Questionnaire.

Notices and other communications between the Administrative Agent and the Lenders hereunder may be
delivered or furnished by electronic communications pursuant to procedures approved by the
Administrative Agent; provided that the foregoing shall not apply to notices pursuant to
Article II unless otherwise agreed by the Administrative Agent and the applicable Lender.
The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or communications.

Any party hereto may change its address or telecopy number for notices and other communications
hereunder by notice to the other parties hereto. All notices and other communications given to any
party hereto in accordance with the provisions of this Agreement shall be deemed to have been given
on the date of receipt.

     SECTION 10.2 Waivers; Amendments.

     (a) No failure or delay by the Administrative Agent or any Lender in exercising any right or
power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power.
The rights and remedies of the Administrative Agent and the Lenders hereunder are cumulative and
are not exclusive of any rights or remedies that they would otherwise have. No waiver of any
provision of this Agreement or any other Loan Document or consent to any departure by Borrower
therefrom shall in any event be effective except in the specific instance and for the purpose for
which given. Without limiting the generality of the foregoing, the making of a Loan shall not be
construed as a waiver of any Default, regardless of whether the Administrative Agent or any Lender
may have had notice or knowledge of such Default at the time.

     (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may
be waived, amended or modified except pursuant to an agreement or agreements in writing entered
into by Borrower and the Required Lenders or by Borrower and the Administrative Agent with the
consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment
of any Lender or the Commitments without the written consent of such Lender or each Lender,
respectively, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon,
or reduce any fees payable hereunder, without the written consent of each Lender affected thereby,
(iii) postpone the scheduled date of payment of the principal amount of any Loan, or any interest
thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment,
or postpone the scheduled date of expiration of any Commitment, without the written consent of each
Lender affected thereby, (iv) change Sections 2.17(b) or (c) in a manner that would
alter the pro rata sharing of payments

44

 

required thereby, without the written consent of each Lender, or (v) change any of the
provisions of this Section or the definition of “Required Lenders” or any other provision
hereof or thereof specifying the number or percentage of Lenders required to waive, amend or modify
any rights hereunder or thereunder or make any determination or grant any consent hereunder or
thereunder, without the written consent of each Lender; provided further that no such agreement
shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder
or thereunder without the prior written consent of the Administrative Agent.

     SECTION 10.3 Expenses; Indemnity; Damage Waiver.

     (a) Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by J.P. Morgan
Securities, Inc. and the Agents, including the reasonable fees, charges and disbursements of
counsel for the Agents, in connection with the syndication of the credit facilities provided for
herein, the preparation, execution, delivery and administration of this Agreement or any
amendments, modifications or waivers of the provisions hereof (whether or not the transactions
contemplated hereby or thereby shall be consummated) and (ii) all reasonable out-of-pocket expenses
incurred by the Agents or any Lender, including the reasonable fees, charges and disbursements of
any counsel for the Agents or any Lender, in connection with the enforcement or protection of its
rights in connection with this Agreement, including its rights under this Section, or in connection
with the Loans made hereunder, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or this Agreement.

     (b) Borrower shall indemnify the Agents, the Arrangers and each Lender, and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”), WHETHER OR
NOT RELATED TO ANY NEGLIGENCE OF THE INDEMNITEE, against, and hold each Indemnitee harmless from,
any and all losses, claims, damages, liabilities and related expenses, including the reasonable
fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against
any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery
of this Agreement or any agreement or instrument contemplated hereby, the performance by the
parties hereto of their respective obligations hereunder or the consummation of the Transactions or
any other transactions contemplated hereby, (ii) any Loan or the actual or proposed use of the
proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or
from any property owned or operated by Borrower or any of its Subsidiaries, or any Environmental
Liability related in any way to Borrower or any of its Subsidiaries, or (iv) any actual or
prospective claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory and regardless of whether brought by a third
party or by the Borrower and regardless of whether any Indemnitee is a party thereto; provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses (i) resulted from the gross negligence or willful
misconduct of such Indemnitee or (ii) arise in connection with any issue in litigation commenced by
Borrower or any of its Subsidiaries against any Indemnitee for which a final judgment is entered in
favor of Borrower or any of its Subsidiaries against such Indemnitee.

     (c) To the extent that Borrower fails to pay any amount required to be paid by it to the
Administrative Agent under paragraph (a) or (b) of this Section, each Lender severally agrees

45

 

to pay to the Administrative Agent, such Lender’s Applicable Percentage (determined as of the
time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against the Administrative Agent.

     (d) To the extent permitted by applicable law, Borrower shall not assert, and hereby waives,
any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions
or any Loan or the use of the proceeds thereof, except for any such claim arising from such
Indemnitee’s gross negligence or willful misconduct.

     (e) All amounts due under this Section shall be payable not later than thirty (30) days after
written demand therefor.

     SECTION 10.4 Successors and Assigns.

     (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that Borrower
may not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by Borrower without such
consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of
each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

     (b) Any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time owing to it); provided that (i) Borrower must give its prior written consent to such
assignment (which consent shall not be unreasonably withheld); (ii) except in the case of an
assignment to a Lender or an Affiliate of a Lender, the Administrative Agent must give its prior
written consent to such assignment (which consent shall not be unreasonably withheld), (iii) except
in the case of an assignment to a Lender or an assignment of the entire remaining amount of the
assigning Lender’s Commitment, the amount of the Commitment of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Acceptance with respect to such
assignment is delivered to the Administrative Agent) shall be in increments of $1,000,000 and not
less than $10,000,000 unless each of Borrower and the Administrative Agent otherwise consent, (iv)
each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement, (v) the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a
processing and recordation fee of $3,500, and (vi) the assignee, if it shall not be a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire; and provided further that any
consent of Borrower otherwise required under this paragraph shall not be required if an Event of
Default under Section 8.1 has occurred and is continuing. Subject to acceptance and
recording thereof pursuant to paragraph (d) of this Section, from and after the

46

 

effective date specified in each Assignment and Acceptance the assignee thereunder shall be a
party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have
the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from
its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all
of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to
be a party hereto but shall continue to be entitled to the benefits of Sections 2.14,
2.15, 2.16, 2.17 and 10.3). Any assignment or transfer by a Lender
of rights or obligations under this Agreement that does not comply with this paragraph shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with paragraph (e) of this Section.

     (c) The Administrative Agent, acting for this purpose as an agent of Borrower, shall maintain
at one of its offices in The City of New York a copy of each Assignment and Acceptance delivered to
it and a register for the recordation of the names and addresses of the Lenders, and the Commitment
of, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time
to time (the “Register”). The entries in the Register shall be conclusive, and Borrower,
the Administrative Agent and the Lenders may treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by Borrower
and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

     (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Acceptance and record the
information contained therein in the Register and will provide prompt written notice to Borrower of
the effectiveness of such Assignment. No assignment shall be effective for purposes of this
Agreement unless it has been recorded in the Register as provided in this paragraph.

     (e) Any Lender may, without the consent of Borrower or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion
of such Lender’s rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans owing to it); provided that (i) such Lender’s obligations under this
Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, (iii) Borrower, the Administrative Agent
and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement, and (iv) if such Participant is not
a Lender or an Affiliate of a Lender, such Lender shall have given notice to Borrower of the name
of the Participant and the amount of such participation. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement or instrument may provide that such
Lender will not, without the consent of the Participant, agree to any amendment,

47

 

modification or waiver described in clauses (ii) and (iii) of the first proviso to Section
10.2(b) that affects such Participant. Subject to paragraph (f) of this Section, Borrower
agrees that each Participant shall be entitled to the benefits of Sections 2.14,
2.15 and 2.16 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 10.8 as though it were a
Lender, provided such Participant agrees to be subject to Section 2.17(c) as though it
were a Lender.

     (f) A Participant shall not be entitled to receive any greater payment under Sections
2.14, 2.15 or 2.16 than the applicable Lender would have been entitled to
receive with respect to the participation sold to such Participant, unless Borrower shall expressly
agree otherwise in writing. A Participant that would be a Foreign Lender if it were a Lender shall
not be entitled to the benefits of Section 2.16 unless Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of Borrower, to
comply with Section 2.16(e) as though it were a Lender.

     (g) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender to a Federal Reserve Bank or,
in the case of a Lender organized in a jurisdiction outside of the United States, a comparable
Person, and this Section shall not apply to any such pledge or assignment of a security interest;
provided that no such pledge or assignment of a security interest shall release a Lender from any
of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

     SECTION 10.5 Survival. All covenants, agreements, representations and warranties made by Borrower
herein and in the certificates or other instruments delivered in connection with or pursuant to
this Agreement shall be considered to have been relied upon by the other parties hereto and shall
survive the execution and delivery of this Agreement and the making of any Loans, regardless of any
investigation made by any such other party or on its behalf and notwithstanding that the
Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended hereunder, and shall continue in full
force and effect as long as the principal of or any accrued interest on any Loan or any fee or any
other amount payable under this Agreement is outstanding and unpaid and so long as the Commitments
have not expired or terminated. The provisions of Sections 2.14, 2.15,
2.16, 2.17 and 10.3 and Article IX shall survive and remain in full
force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans, the expiration or termination of the Commitments or the termination of this
Agreement or any provision hereof.

     SECTION 10.6 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and any separate letter agreements with respect to fees payable to the
Administrative Agent constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. Except as provided in Section 4.1, this Agreement
shall become effective when it shall have been executed by the Administrative Agent and when the

48

 

Administrative Agent shall have received counterparts hereof which, when taken together, bear
the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy shall be effective as
delivery of a manually executed counterpart of this Agreement.

     SECTION 10.7 Severability. Any provision of this Agreement held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 10.8 Right of Setoff. If an Event of Default shall have occurred and be continuing and the
Obligations of Borrower shall have been accelerated, each Lender and each of its Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set
off and apply any and all deposits (general or special, time or demand, provisional or final) at
any time held and other obligations at any time owing by such Lender or Affiliate to or for the
credit or the account of Borrower against any of and all the obligations of Borrower now or
hereafter existing under this Agreement held by such Lender, irrespective of whether or not such
Lender shall have made any demand under this Agreement and although such obligations may be
unmatured. The rights of each Lender under this Section are in addition to other rights and
remedies (including other rights of setoff) which such Lender may have.

     SECTION 10.9 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS.

     (a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

     (b) BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO
THE NONEXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK
COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY
APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING
MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH
FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT THE
AGENTS OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY

49

 

ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AGAINST BORROWER OR ITS PROPERTIES IN THE
COURTS OF ANY JURISDICTION.

     (c) BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY
LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF
VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT
REFERRED TO IN THE FIRST SENTENCE OF PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT
FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

     (d) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS BY REGISTERED
MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK. NOTHING IN
THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW.

     SECTION 10.10 Markit Data.

     (a) JPMorgan, in any capacity, whether in an individual capacity or as Administrative Agent or
Lender or otherwise, shall receive data from Markit with respect to the CDS Margin and agrees in
such capacity to provide to Designated Users identified by each Lender (and, if JPMorgan is not the
Administrative Agent, the Administrative Agent) such data, including any accompanying written
notice or supporting information from Markit (together, the “Markit Data”), via email,
log-in or other means of communication at the discretion of JPMorgan. JPMorgan shall have all of
the rights, benefits and protections of the Administrative Agent provided for in Article IX
when acting in such capacity with respect to the provision of any Markit Data.

     For the avoidance of doubt, any Designated User shall only access and use the Markit Data for
the purposes as specified in this Agreement on behalf of the respective Lenders or, if applicable,
the Administrative Agent as shall be required by such Lender, and if applicable, the Administrative
Agent, to comply with the terms of this Section 10.10. Each Lender, and if applicable, the
Administrative Agent, hereby agrees, without limiting Markit’s or JPMorgan’s other rights and
remedies, that it is responsible for and liable for any breach of any of the provisions of this
Section 10.10 by its respective Designated Users.

     (b) Each Agent and Lender acknowledges that all copyright, database rights, trademarks,
patents, rights of privacy or publicity and other proprietary or intellectual property rights
(including all models, software, data and any materials) comprised in all or any of the Markit
Data, or their provision, and all enhancements, modifications or additional services thereof, are
and will be the exclusive property of Markit. Except as provided for under this Agreement, each
Agent and Lender agrees that it will not use the same (including copying, reverse engineering or,
except as otherwise required by law or regulation, disclosing it to any Person, for any purpose
whatsoever) and will not remove or deface any trademarks associated

50

 

with the Markit Data. Each Agent and Lender acknowledges that the Markit Data was developed,
compiled, prepared, revised, selected and arranged by Markit and others (including certain
information sources (each a “Data Provider”)) through the application of methods and
standard of judgment developed and applied through the expenditure of substantial time, effort and
money, and constitute valuable intellectual property and trade secrets of Markit. Each Agent and
Lender shall make reasonable efforts to comply, at Markit’s expense, with all reasonable written
requests made by JPMorgan (upon Markit’s written requests to JPMorgan) to protect any contractual,
statutory and common law rights in the Markit Data.

     (c) Each Agent and Lender acknowledges that none of Markit, JPMorgan, their respective
Affiliates or any Data Provider makes any warranty, express or implied, as to the accuracy or
completeness of the Markit Data or as to the results to be attained by any Agent or Lender or
others from the Use of the Markit Data. Each Agent and Lender hereby acknowledges that there are
no express or implied warranties of title, merchantability or fitness for a particular purpose or
use, and that it has not relied upon any warranty, guaranty or representation made by Markit,
JPMorgan, their respective Affiliates or any Data Provider.

     (d) Neither Markit and its Affiliates nor any Data Provider nor JPMorgan and its Affiliates
shall in any way be liable to any Agent or Lender or any client of any Agent or Lender for any
inaccuracies, errors or omissions, regardless of cause, in the Markit Data provided hereunder or
for any damages (whether direct or indirect) resulting therefrom except, in each case, in the event
of its own fraud, gross negligence or willful misconduct. Without limiting the foregoing, Markit
and JPMorgan shall have no liability whatsoever to any Agent or Lender or client of an Agent or a
Lender, whether in contract (including under any indemnity), in tort (including negligence), under
a warranty, under statute or otherwise, in respect of any loss or damage suffered by such Agent or
Lender or client as a result of or in connection with any opinions, recommendations, forecasts,
judgments, or any other conclusions, or any course of action determined, by such Agent or Lender or
any client of such Agent or Lender, based on the Markit Data. To the extent permitted by law,
neither Markit nor JPMorgan nor their respective Affiliates shall be liable for any loss of profits
or revenue or any indirect or consequential losses or damages whatsoever incurred, whether or not
it has been advised in advance of the possibility of any such loss. Notwithstanding anything in
this Section 10.10 to the contrary, any waiver of liability on the part of JPMorgan and its
Affiliates in this Section 10.10 shall be limited to the extent and scope of any waiver of
liability with respect to the Administrative Agent as set forth in Article IX hereunder.

     (e) Each Agent and Lender acknowledges that it or its employees may, in the course of
performing such Agent’s or Lender’s responsibilities under this Agreement, be exposed to or acquire
information which is proprietary or confidential to Markit or to third parties to whom Markit owes
a duty of confidentiality. Markit’s and such third parties’ confidential information means the
Markit Data and any related materials provided by Markit through JPMorgan to each Agent and Lender
and the Administrative Agent under this Agreement. Each Agent and Lender agrees to hold Markit’s
and such third parties’ confidential information in confidence to the same extent and in the same
manner as such Agent and Lender is required to hold the Borrower’s information confidential
pursuant to Section 10.12 and agrees that it will follow procedures which are intended to
put any transferee of such confidential information on notice that such confidential information
may not be used for any other purposes except as contemplated herein.

51

 

It is understood and agreed that in the event of a breach of confidentiality, damages may not
be an adequate remedy and that JPMorgan shall be entitled to injunctive relief to restrain any such
breach, threatened or actual. Notwithstanding anything herein to the contrary, the Agents and
Lenders and the Administrative Agent are entitled to disclose and use the Markit Data in the normal
course of their business as it relates to this Agreement, including, but not limited to, disclosing
such information to ratings agencies, regulatory agencies, league table providers, prospective
assignees and participants.

     (f) Borrower acknowledges that each of JPMorgan and the other Lenders and the Agents from time
to time may conduct business with and may be a shareholder of Markit and that each of JPMorgan or
the other Lenders and the Agents may have from time to time the right to appoint one or more
directors to the board of directors of Markit.

     SECTION 10.11 Headings. Article and Section headings and the Table of Contents used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction
of, or be taken into consideration in interpreting, this Agreement.

     SECTION 10.12 Confidentiality. Each of the Agents and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal
counsel and other advisors (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory or self-regulatory
authority, (c) to the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party to this Agreement, (e) in connection with the
exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or
the enforcement of rights hereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement,
(g) with the consent of Borrower or (h) to the extent such Information (A) becomes publicly
available other than as a result of a breach of this Section by any Person or (B) becomes available
to any Agent or any Lender on a non-confidential basis from a source other than Borrower or any
Person obligated to maintain the confidentiality of such Information. Prior to disclosing any
Information under clause (c) above, the Agent or Lender required or asked to make such disclosure
shall make a good faith effort to give Borrower prior notice of such proposed disclosure to permit
Borrower to attempt to obtain a protective order or other appropriate injunctive relief. For the
purposes of this Section, “Information” means all information received from Borrower
relating to Borrower or its business, other than any publicly available information and such
information that is available to any Agent or any Lender on a non-confidential basis prior to
disclosure by Borrower; provided that, in the case of information received from Borrower after the
date hereof, such information is clearly identified at the time of delivery as confidential. Any
Person required to maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to
its own confidential information.

52

 

     SECTION 10.13 Interest Rate Limitation. It is the intention of the parties hereto to conform
strictly to applicable interest, usury and criminal laws and, anything herein to the contrary
notwithstanding, the obligations of Borrower to a Lender or any Agent under this Agreement shall be
subject to the limitation that payments of interest shall not be required to the extent that
receipt thereof would be contrary to provisions of law applicable to such Lender or Agent limiting
rates of interest which may be charged or collected by such Lender or Agent. Accordingly, if the
transactions contemplated hereby would be illegal, unenforceable, usurious or criminal under laws
applicable to a Lender or Agent (including the laws of any jurisdiction whose laws may be
mandatorily applicable to such Lender or Agent notwithstanding anything to the contrary in this
Agreement or any other Loan Document but subject to Section 2.12 hereof) then, in that
event, notwithstanding anything to the contrary in this Agreement or any other Loan Document, it is
agreed as follows:

     (i) the provisions of this Section shall govern and control;

     (ii) the aggregate of all consideration which constitutes interest under applicable law
that is contracted for, taken, reserved, charged or received under this Agreement, or under
any of the other aforesaid agreements or otherwise in connection with this Agreement by such
Lender or Agent shall under no circumstances exceed the maximum amount of interest allowed
by applicable law (such maximum lawful interest rate, if any, with respect to each Lender
and the Agent herein called the “Highest Lawful Rate”), and any excess shall be
cancelled automatically and if theretofore paid shall be credited to Borrower by such Lender
or Agent (or, if such consideration shall have been paid in full, such excess refunded to
Borrower);

     (iii) all sums paid, or agreed to be paid, to such Lender or Agent for the use,
forbearance and detention of the indebtedness of Borrower to such Lender or Agent hereunder
or under any Loan Document shall, to the extent permitted by laws applicable to such Lender
or Agent, as the case may be, be amortized, prorated, allocated and spread throughout the
full term of such indebtedness until payment in full so that the actual rate of interest is
uniform throughout the full term thereof;

     (iv) if at any time the interest provided pursuant to this Section or any other clause
of this Agreement or any other Loan Document, together with any other fees or compensation
payable pursuant to this Agreement or any other Loan Document and deemed interest under laws
applicable to such Lender or Agent, exceeds that amount which would have accrued at the
Highest Lawful Rate, the amount of interest and any such fees or compensation to accrue to
such Lender or Agent pursuant to this Agreement shall be limited, notwithstanding anything
to the contrary in this Agreement or any other Loan Document, to that amount which would
have accrued at the Highest Lawful Rate, but any subsequent reductions, as applicable, shall
not reduce the interest to accrue to such Lender or Agent pursuant to this Agreement below
the Highest Lawful Rate until the total amount of interest accrued pursuant to this
Agreement or such other Loan Document, as the case may be, and such fees or compensation
deemed to be interest equals the amount of interest which would have accrued to such Lender
or Agent if a varying rate per annum equal to the interest provided pursuant to any other
relevant

53

 

Section hereof (other than this Section), as applicable, had at all times been in
effect, plus the amount of fees which would have been received but for the effect of this
Section; and

     (v) with the intent that the rate of interest herein shall at all times be lawful, and
if the receipt of any funds owing hereunder or under any other agreement related hereto
(including any of the other Loan Documents) by such Lender or Agent would cause such Lender
to charge Borrower a criminal rate of interest, the Lenders and the Agents agree that they
will not require the payment or receipt thereof or a portion thereof which would cause a
criminal rate of interest to be charged by such Lender or Agent, as applicable, and if
received such affected Lender or Agent will return such funds to Borrower so that the rate
of interest paid by Borrower shall not exceed a criminal rate of interest from the date this
Agreement was entered into.

     SECTION 10.14 USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and
record information that identifies Borrower, which information includes the name and address of
Borrower and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify Borrower in accordance with the Act.

     SECTION 10.15 NO ORAL AGREEMENTS. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS AMONG THE PARTIES.

[SIGNATURES BEGIN ON FOLLOWING PAGE]

54

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	APACHE CORPORATION

 	 
	 	By:  	/s/ Matthew W. Dundrea
 	 
	 	 	Name:  	Matthew W. Dundrea 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

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S-1

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as 
Administrative Agent
and as a Lender

 	 
	 	By:  	/s/ Robert Traband
 	 
	 	 	Name:  	Robert Traband 	 
	 	 	Title:  	Managing Director 	 
	 

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S-2

 

	 	 	 	 	 
	 	CITIBANK, N.A., as a Co-Syndication Agent and as a

Lender

 	 
	 	By:  	/s/ Andrew Sidford
 	 
	 	 	Name:  	Andrew Sidford 	 
	 	 	Title:  	Vice President 	 
	 

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S-3

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,
as a Co-Syndication 
 Agent and as a Lender

 	 
	 	By:  	/s/ Joseph F. Scott
 	 
	 	 	Name:  	Joseph F. Scott 	 
	 	 	Title:  	Senior Vice President 	 
	 

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S-4

 

	 	 	 	 	 
	 	GOLDMAN SACHS BANK USA, as a Co-Syndication 

Agent and
as a Lender

 	 
	 	By:  	/s/ Mark Walton
 	 
	 	 	Name:  	Mark Walton 	 
	 	 	Title:  	Authorized Signatory 	 
	 

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S-5

 

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A., as a Lender

 	 
	 	By:  	/s/ Sherrese Clarke
 	 
	 	 	Name:  	Sherrese Clarke 	 
	 	 	Title:  	Authorized Signatory 	 
	 

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S-6

 

	 	 	 	 	 
	 	UNION BANK. N.A., as a Lender

 	 
	 	By:  	/s/ Timothy Brendel
 	 
	 	 	Name:  	Timothy Brendel 	 
	 	 	Title:  	Vice President 	 
	 

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S-7

 

	 	 	 	 	 
	 	HSBC BANK USA, NATIONAL 

ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Mercedes Ahumada
 	 
	 	 	Name:  	Mercedes Ahumada 	 
	 	 	Title:  	Vice President 	 
	 

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S-8

 

	 	 	 	 	 
	 	STANDARD CHARTERED BANK, as a Lender

 	 
	 	By:  	/s/ James Hughes
 	 
	 	 	Name:  	James Hughes 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                          /s/ Andrew Y. Ng
 	 
	 	 	Name:  	Andrew Y. Ng 	 
	 	 	Title:  	Director 	 
	 

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S-9

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL 

ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Christina Faith
 	 
	 	 	Name:  	Christina Faith 	 
	 	 	Title:  	Director 	 
	 

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S-10

 

	 	 	 	 	 
	 	BNP PARIBAS, as a Lender

 	 
	 	By:  	/s/ David Dodd
 	 
	 	 	Name:  	David Dodd 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Betsy Jocher
 	 
	 	 	Name:  	Betsy Jocher 	 
	 	 	Title:  	Director 	 
	 

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S-11

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND PLC, as a 

Lender

 	 
	 	By:  	/s/ David Slye
 	 
	 	 	Name:  	David Slye 	 
	 	 	Title:  	Senior Vice President 	 
	 

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S-12

 

	 	 	 	 	 
	 	UBS AG, STAMFORD BRANCH, as a Lender

 	 
	 	By:  	/s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa 	 
	 	 	Title:  	Associate Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director 	 
	 

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S-13

 

	 	 	 	 	 
	 	BANK OF MONTREAL, as a Lender

 	 
	 	By:  	/s/ Kevin Utsey
 	 
	 	 	Name:  	Kevin Utsey 	 
	 	 	Title:  	Vice President 	 
	 

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S-14

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK 

BRANCH, as a Lender

 	 
	 	By:  	/s/ Oliver Schwarz
 	 
	 	 	Name:  	Oliver Schwarz 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Heidi Sandquist
 	 
	 	 	Name:  	Heidi Sandquist 	 
	 	 	Title:  	Director 	 
	 

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S-15

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as a Lender

 	 
	 	By:  	/s/ Don J. McKinnerney
 	 
	 	 	Name:  	Don J. McKinnerney 	 
	 	 	Title:  	Authorized Signatory 	 
	 

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S-16

 

	 	 	 	 	 
	 	SOCIÉTÉ GÉNÉRALE, as a Lender

 	 
	 	By:  	/s/ Stephen W. Warfel
 	 
	 	 	Name:  	Stephen W. Warfel 	 
	 	 	Title:  	Managing Director 	 
	 

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S-17

 

	 	 	 	 	 
	 	MIZUHO CORPORATE BANK (USA), as a 

Lender

 	 
	 	By:  	/s/ Leon Mo
 	 
	 	 	Name:  	Leon Mo 	 
	 	 	Title:  	Senior Vice President 	 
	 

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S-18

 

	 	 	 	 	 
	 	COMMONWEALTH BANK OF AUSTRALIA, 

as a Lender

 	 
	 	By:  	/s/ Greg Caione
 	 
	 	 	Name:  	Greg Caione 	 
	 	 	Title:  	Head of Natural Resources - Americas 	 
	 

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S-19

 

	 	 	 	 	 
	 	BANCO BILBAO VIZCAYA ARGENTERIA,

 S.A. NEW YORK BRANCH, 
as a Lender

 	 
	 	By:  	/s/ Michael Oka
 	 
	 	 	Name:  	Michael Oka 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	                        /s/ Guilherme Gobbo
 	 
	 	 	Name:  	Guilerme Gobbo 	 
	 	 	Title:  	Vice President 	 
	 

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S-20

 

	 	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	/s/ Mike Mendenhall
 	 
	 	 	Name:  	Mike Mendenhall 	 
	 	 	Title:  	Vice President 	 
	 

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S-21

 

	 	 	 	 	 
	 	THE TORONTO-DOMINION BANK, NEW 

YORK BRANCH, as a Lender

 	 
	 	By:  	/s/ Robyn Zeller
 	 
	 	 	Name:  	Robyn Zeller 	 
	 	 	Title:  	Vice President 	 
	 

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S-22

 

	 	 	 	 	 
	 	AUSTRALIA AND NEW ZEALAND 

BANKING GROUP LIMITED, as a Lender

 	 
	 	By:  	/s/ John W. Wade
 	 
	 	 	Name:  	John W. Wade 	 
	 	 	Title:  	Deputy General Manager

Head of Operations and Infrastructure 	 
	 

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S-23

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as a Lender

 	 
	 	By:  	/s/ David G. Mills
 	 
	 	 	Name:  	David G. Mills 	 
	 	 	Title:  	Managing Director 	 
	 

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S-24

 

	 	 	 	 	 
	 	NATIXIS, as a Lender

 	 
	 	By:  	/s/ Louis P. Laville, III
 	 
	 	 	Name:  	Louis P. Laville, III 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                     /s/ Daniel Payer
 	 
	 	 	Name:  	Daniel Payer 	 
	 	 	Title:  	Managing Director 	 
	 

[SIGNATURE PAGE TO

364-DAY SENIOR REVOLVING CREDIT FACILITY]

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]