Document:

CPR 10.2 LetterAgreement

J.P.Morgan

November 5, 2014

Chaparral Energy, Inc.
Chaparral Energy, L.L.C.
701 Cedar Lake Blvd.
Oklahoma City, Oklahoma 73114
Attention:  Mark A. Fischer 

		
	Re:
	Eighth Restated Credit Agreement dated as of April 12, 2010 (as amended, the “Credit Agreement”) by and among Chaparral Energy, Inc., a Delaware corporation (“Parent”), Chaparral Energy, L.L.C., an Oklahoma limited liability company, the other Borrowers party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent (“Administrative Agent”), the other Agents party thereto and the Lenders from time to time a party thereto; capitalized terms used but not defined herein are used with the meanings assigned to them in the Credit Agreement.  

Ladies and Gentlemen:
1.Borrowing Base.  This letter agreement constitutes a New Borrowing Base Notice delivered pursuant to Section 2.07(e) of the Credit Agreement.  Pursuant to Section 2.07 of the Credit Agreement, and subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Lenders hereby agree that the Borrowing Base shall be increased from $484,500,000 to $650,000,000 effective as of November [5], 2014, and continuing until the next Scheduled Redetermination, Interim Redetermination, Optional Swap Unwind Redetermination, or other adjustment of the Borrowing Base, as applicable, pursuant to the terms of the Credit Agreement.  The parties hereto agree that the redetermination of the Borrowing Base provided for in this Section 1 shall be the November 1, 2014 Scheduled Redetermination and shall not be deemed or construed to be an Interim Redetermination or Optional Swap Unwind Redetermination for purposes of Section 2.07 of the Credit Agreement.         
2.    Extension of the Specified Period.  Reference is made to that certain Limited Consent and Fourteenth Amendment to Eighth Restated Credit Agreement dated as of May 19, 2014 by and among Parent, Borrowers, Administrative Agent and the Lenders (as amended by the August 2014 Letter Agreement (as defined below), the “Limited Consent”) and that certain Letter Agreement dated as of August 14, 2014 by and among Parent, Borrowers, Administrative Agent and the Lenders (the “August 2014 Letter Agreement”).  In consideration of the agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, and subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Lenders hereby (a) extend the Specified Period (as defined in the Limited 

3042971v.4 CHA715/23015

Chaparral Energy, Inc.
Chaparral Energy, L.L.C. 
November 5, 2014 
Page 2

Consent and as extended in the August 2014 Letter Agreement) until the effective date of the May 1, 2015 Scheduled Redetermination pursuant to Section 2.07 of the Credit Agreement and (b) provide their limited consent to the Temporary Hedging Noncompliance (as defined in the Limited Consent) for the Specified Period as so extended.
3.    Conditions Precedent to Borrowing Base Increase, Extension of Specified Period and Limited Consent.  The increase of the Borrowing Base provided for in Section 1 hereof and the extension of the Specified Period and the limited consent provided for in Section 2 hereof shall be subject to the occurrence of each of the following conditions precedent:
(a)    The Administrative Agent shall have received counterparts hereof duly executed by Parent, each Borrower and each Lender; 
(b)    The Administrative Agent and J.P. Morgan Securities LLC shall have received all fees and other amounts due and payable on or prior to the effective date of the increase of the Borrowing Base provided for in Section 1 and the extension of the Specified Period provided for in Section 2, including, without limitation, the upfront fees described in clause (c) below; and
(c)    The Administrative Agent shall have received, for the account of each Increasing Lender (as defined below), an upfront fee in an amount, for each such Increasing Lender, equal to 30 basis points (0.30%) of such Increasing Lender’s Increased Commitment (as defined below).  As used herein, “Increasing Lender” means each Lender whose Commitment, after giving effect to Section 1 hereof, exceeds such Lender’s Commitment on December 18, 2013 (after giving effect to the increase in the Borrowing Base to $600,000,000 on such date) and “Increased Commitment” means the amount of such excess.  
4.    Representations and Warranties.  To induce the Administrative Agent and Lenders to enter into this letter agreement, each Credit Party hereby represents and warrants to the Lenders and Administrative Agent as follows:
		
	(a)
	Each representation and warranty of such Credit Party contained in the Credit Agreement and the other Loan Documents is true and correct on the date hereof, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case such representations and warranties shall be true and correct as of such specified earlier date.

		
	(b)
	After giving effect to the extension of the Specified Period as contemplated hereunder and in the August 2014 Letter Agreement, no Default or Event of Default has occurred which is continuing and the total Credit Exposures of all Lenders do not exceed the Borrowing Base.  

5.    Reaffirmation of Loan Documents.  Any and all of the terms and provisions of the Credit Agreement, the Limited Consent, the August 2014 Letter Agreement and the other Loan Documents shall, except as amended and modified hereby, remain in full force and effect.  Nothing contained herein shall limit or impair any Liens securing the Indebtedness, each of which are hereby ratified, affirmed and extended to secure the Indebtedness as they may be increased pursuant hereto.  Each 

3042971v.4 CHA715/23015

Chaparral Energy, Inc.
Chaparral Energy, L.L.C. 
November 5, 2014 
Page 3

Guarantor party hereto consents and agrees to this letter agreement, and each Credit Party agrees that the Loan Documents to which it is a party (including, without limitation, in the case of the Guarantors, the Guaranty Agreement) shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of such Credit Party, enforceable against it in accordance with its terms.
6.    No Other Waiver.  Except as explicitly set forth in Section 2, nothing contained in this letter agreement shall be construed as a waiver by the Administrative Agent or any Lender of any covenant or provision of the Credit Agreement, the other Loan Documents or any other contract or instrument between any Credit Party and the Administrative Agent or any Lender, and the failure of the Administrative Agent or any Lender at any time or times hereafter to require strict performance by the Credit Parties of any provision thereof shall not waive, affect or diminish any right of the Administrative Agent to thereafter require strict compliance therewith.  The Administrative Agent and the Lenders shall have no obligation to grant any future waivers, consents, extensions or amendments with respect to the Credit Agreement or any other Loan Document.
7.    Miscellaneous.  (a) Parent and Borrowers hereby jointly and severally agree to pay on demand all reasonable fees and expenses incurred by the Administrative Agent (including, without limitation, reasonable fees and expenses of counsel to the Administrative Agent) in connection with the preparation, negotiation and execution of this letter agreement and all related documents; (b) this letter agreement may be executed in counterparts, and all parties need not execute the same counterpart; however, no party shall be bound by this letter agreement until a counterpart hereof has been executed by Parent, Borrowers, the Administrative Agent and each of the Lenders, and facsimiles or other electronic transmission (e.g., pdf) shall be effective as originals; (c) THIS LETTER AGREEMENT REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES, AND THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES; (d) this letter agreement constitutes a “Loan Document” under and as defined in Section 1.02 of the Credit Agreement; and (e) this letter agreement shall be governed by, and construed in accordance with, the laws of the State of New York.
Please evidence your agreement to each of the provisions of this letter agreement by executing a counterpart hereof where indicated and returning a fully executed counterpart to Clay Hufft, counsel for the Administrative Agent, via facsimile to (214) 999-7742 or electronic e-mail to chufft@velaw.com.
[SIGNATURE PAGES TO FOLLOW]

3042971v.4 CHA715/23015

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

By:      /s/ Patrick McWilliams                       
Patrick McWilliams, 
Authorized Officer

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

CAPITAL ONE, NATIONAL ASSOCIATION,
as a Lender

By:      /s/ Nancy M. Mak                                    
Name:    Nancy M. Mak    
Title:    Senior Vice President    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

ROYAL BANK OF CANADA,
as a Lender

By:        /s/ Mark Lumpkin, Jr.                   
Name:    Mark Lumpkin, Jr.    
Title:    Authorized Signatory    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

UBS AG, STAMFORD BRANCH,
as a Lender

By:       /s/  Lana Gifas                                 
Name:    Lana Gifas    
Title:    Director    

By:       /s/  Jennifer Anderson                      
Name:    Jennifer Anderson    
Title:    Associate Director    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
as a Lender

By:         /s/ Mark Roche                              
Name:    Mark Roche    
Title:    Managing Director    

By:        /s/  Michael Willis                          
Name:    Michael Willis    
Title:    Managing Director    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

SOCIÉTÉ GÉNÉRALE,
as a Lender

By:       /s/  David Bornstein                   
Name:    David Bornstein    
Title:    Director    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

WELLS FARGO BANK, N.A.,
as a Lender

By:        /s/  Catherine Cook                                  
Name:    Catherine Cook    
Title:    Director    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

THE BANK OF NOVA SCOTIA,
as a Lender

By:        /s/  Alan Dawson        
Name:    Alan Dawson    
Title:    Director    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

COMERICA BANK,
as a Lender

By:          /s/ Devin S. Eaton                     
Name:    Devin Eaton    
Title:    Relationship Manager    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

NATIXIS, NEW YORK BRANCH,
as a Lender

By:      /s/  Louis P. LaVille                           
Name:    Louis P. LaVille, III    
Title:    Managing Director    

By:         /s/  Stuart Murray                              
Name:    Stuart Murray    
Title:    Managing Director    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

AMEGY BANK NATIONAL ASSOCIATION,
as a Lender

By:         /s/   Larry L. Sears                                
Name:    Larry L. Sears    
Title:    Senior Vice President    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

COMPASS BANK,
as a Lender

By:       /s/ Kathleen J. Bowen                    
Name:    Kathleen J. Bowen    
Title:    Senior Vice Presideng    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
as a Lender

By:       /s/ Michael Spaight                 
Name:    Michael Spaight    
Title:    Authorized Signatory

By:        /s/ Remy Riester                  
Name: Remy Riester
Title:     Authorized Signatory

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

KEYBANK NATIONAL ASSOCIATION,
as a Lender

By:        /s/  George E. McKean                 
Name:    George E. McKean    
Title:    Senior Vice President    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

MUFG UNION BANK, N.A.,
as a Lender

By:         /s/  Rachel Bowman                     
Name:    Rachel Bowman    
Title:    Vice President    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

U.S. BANK NATIONAL ASSOCIATION,
as a Lender

By:        /s/  Nicholas T. Hanford                  
Name:    Nicholas T. Hanford    
Title:    Vice President    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

GOLDMAN SACHS BANK USA,
as a Lender

By:        /s/  Rebecca Kratz                       
Name:    Rebecca Kratz    
Title:    Authorized Signatory    

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]

PARENT:
CHAPARRAL ENERGY, INC.,  
a Delaware corporation
By:        /s/   Mark A. Fischer                      
    Mark A. Fischer,  
    Chief Executive Officer and President
BORROWERS:
CHAPARRAL ENERGY, L.L.C. 
CHAPARRAL RESOURCES, L.L.C. 
CHAPARRAL CO2, L.L.C. 
CEI ACQUISITION, L.L.C. 
CEI PIPELINE, L.L.C. 
CHAPARRAL REAL ESTATE, L.L.C. 
CHAPARRAL EXPLORATION, L.L.C. 
ROADRUNNER DRILLING, L.L.C.
 
 
 
By:      /s/  Mark A. Fischer                           
    Mark A. Fischer, 
Manager
GREEN COUNTRY SUPPLY, INC.  
 
 
 
By:      /s/  Mark A. Fischer                            
    Mark A. Fischer, 
Chief Executive Officer and President

[SIGNATURE PAGE TO LETTER AGREEMENT – NOVEMBER, 2014 – CHAPARRAL ENERGY, L.L.C.]CCIT II EX 10.2 9/30/14

Exhibit 10.2

SECOND MODIFICATION AND LENDER JOINDER AGREEMENT
DATE:    July 8, 2014
		
	PARTIES:
	Borrower:    COLE CORPORATE INCOME OPERATING PARTNERSHIP II, LP, a Delaware limited partnership

Administrative Agent    JPMORGAN CHASE BANK, N.A.
for the Lenders:    
Lenders:    

Existing Lenders:    JPMORGAN CHASE BANK, N.A. 
    
REGIONS BANK
New Lender:        U.S. BANK NATIONAL ASSOCIATION

RECITALS
A.Existing Lenders have extended to Borrower a credit facility ("Loan") in a maximum principal amount not to exceed $100,000,000.00 (subject to potential increases up to an aggregate maximum principal amount of $750,000,000.00 as set forth in the Credit Agreement defined below) at any time pursuant to that Credit Agreement dated as of January 13, 2014, among Borrower, Administrative Agent and the Lenders defined therein, as modified by the Modification Letter Agreement dated February 13, 2014, and the First Modification Agreement dated June 25, 2014 (the "Credit Agreement"), and evidenced by the Notes.  The unpaid principal of the Loan as of July 3, 2014 was $100,000,000.00.  All undefined capitalized terms used herein shall have the meaning given them in the Credit Agreement.
B.    The Loan is secured by the property described in certain of the Loan Documents.
C.    The Continuing Guaranty executed January 13, 2014 by Cole Office & Industrial REIT (CCIT II), Inc., a Maryland corporation and Cole OFC San Jose (Ridder Park) CA, LP, a Delaware limited partnership, together with each Counterpart Agreement Re: Continuing Guaranty executed by the respective Subsidiary Guarantor identified on Schedule 1 attached hereto (severally and collectively, the "Guaranty") were delivered to Administrative Agent for the benefit of the Lenders.
D.    Borrower has requested an increase in the Aggregate Revolving Commitment in the amount of $50,000,000.00 in accordance with the provisions of 2.14 of the Credit Agreement and has requested that Administrative Agent and the Lenders modify the Loan and the Loan Documents 

as provided herein.  New Lender has agreed to provide a Revolving Commitment under the Credit Agreement, as provided herein.  Administrative Agent and the Lenders are willing to so modify the Loan and the Loan Documents, subject to the terms and conditions herein.
AGREEMENT
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower, Administrative Agent and the Lenders agree as follows:
		
	SECTION 1.
	ACCURACY OF RECITALS.

Borrower acknowledges the accuracy of the Recitals.
		
	SECTION 2.
	MODIFICATION OF LOAN DOCUMENTS.

2.1    The following definitions set forth in Section 1.01 of the Credit Agreement are hereby modified in their entirety to read as follows:
“Aggregate Revolving Commitments” means the Revolving Commitments of all the Revolving Lenders.  The aggregate principal amount of the Aggregate Revolving Commitments in effect on July 7, 2014, is ONE HUNDRED FIFTY MILLION and No/100 DOLLARS ($150,000,000.00).
“Applicable Rate” means, from time to time the applicable rate per annum set forth in the applicable table below opposite the Leverage Ratio, as determined as of the last day of the immediately preceding fiscal quarter.
PRIOR TO AN UNSECURED CONVERSION
	
					
	Pricing Level
	Leverage Ratio
	Applicable Rate for Eurodollar Rate Loans and Letters of Credit
	Applicable Rate for Base Rate Loans (including Swing Line Loans)
	Unused Fee

	I
	< 50%
	1.90%
	0.90%
	0.30%

	II
	> 50% and < 55%
	2.05%
	1.05%
	0.30%

	III
	> 55% and < 60%
	2.20%
	1.20%
	0.30%

	IV
	> 60% and < 65%
	2.45%
	1.45%
	0.30%

	V
	> 65%
	2.75%
	1.75%
	0.30%

FROM AND AFTER THE EFFECTIVE DATE OF AN UNSECURED CONVERSION
	
					
	Pricing Level
	Leverage Ratio
	Applicable Rate for Eurodollar Rate Loans and Letters of Credit
	Applicable Rate for Base Rate Loans (including Swing Line Loans)
	Unused Fee

	I
	< 40%
	1.70%
	0.70%
	0.25%

	II
	> 40% and < 45%
	1.80%
	0.80%
	0.25%

	III
	> 45% and < 50%
	1.90%
	0.90%
	0.30%

	IV
	> 50% and < 55%
	2.05%
	1.05%
	0.30%

	V
	> 55% and < 60%
	2.20%
	1.20%
	0.30%

	VI
	> 60% and < 65%
	2.45%
	1.45%
	0.30%

	VII
	> 65%
	2.75%
	1.75%
	0.30%

Initially, on the Closing Date, the Applicable Rate shall be determined based upon the Leverage Ratio specified in the certificate delivered pursuant to Section 4.01(b)(xii).  Any increase or decrease in the Applicable Rate resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, the "greatest" Pricing Level in the applicable table above shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered (until such time as such delinquent Compliance Certificate is delivered).  As used herein, the "greatest" Pricing Level means (i) prior to an Unsecured Conversion, Pricing Level V, and (ii) from and after the effective date of an Unsecured Conversion, Pricing Level VII.
“Documentation Agent” means U.S. BANK NATIONAL ASSOCIATION in its capacity as documentation agent under any of the Loan Documents, or any successor or additional documentation agent(s).
“Unencumbered Asset Value” means, as of any date of calculation, the sum of:  (a) for Qualified Unencumbered Properties owned eighteen (18) months or more, an amount equal to (i) Consolidated Net Operating Income during the Measurement Period most recently ended for such Qualified Unencumbered Properties divided by (ii) the Capitalization Rate, plus (b) 100% of the actual purchase price paid for Qualified Unencumbered Properties owned less than eighteen (18) months (excluding any costs and expenses incurred in connection therewith that were added to the purchase price, all as reasonably calculated and suggested by the Borrower and approved by the Administrative Agent in its reasonable discretion); provided, however, that on and after the First Anniversary Date (A) no tenant will account for greater than twenty percent (20%) of Unencumbered Asset Value without Administrative Agent’s reasonable approval, (B) no Qualified Unencumbered Property will account for greater than twenty percent (20%) of Unencumbered Asset Value without Administrative Agent’s reasonable approval, (C) Qualified Unencumbered Properties that are multi‐tenant Projects shall not account for more than twenty‐five percent (25%) of Unencumbered Asset Value, (D) Dark Qualified Unencumbered Properties will not account 

for greater than five percent (5%) of Unencumbered Asset Value without Administrative Agent's reasonable approval, and (E) a minimum of thirty percent (30%) of the Consolidated Net Operating Income generated by Qualified Unencumbered Properties used to calculate Unencumbered Asset Value shall be derived from investment grade (BBB- or above by S&P or Baa3 or above by Moody’s) tenants or tenants whose lease obligations are guaranteed by an investment grade (BBB- or above from S&P or Baa3 or above by Moody’s) entity (so long as such guaranty is in effect).
2.2    Schedule 2.01 attached to the Credit Agreement is hereby replaced with Schedule 2.01 attached hereto as Exhibit A ("Revised Schedule 2.01") and by this reference incorporated herein and therein.
2.3    This Second Modification and Lender Joinder Agreement (this "Agreement") shall constitute one of the Loan Documents as that term is defined in the Credit Agreement.
2.4    Each reference in the Loan Documents to any of the Loan Documents is hereby modified to be a reference to such document as modified herein.
2.5    The Increase Effective Date is the date of this Agreement.
		
	SECTION 3.
	JOINDER OF NEW LENDER.

3.1    New Lender agrees that as of the date hereof, New Lender will have a Revolving Commitment in the amount set forth opposite its name on Revised Schedule 2.01.  The parties acknowledge, agree and confirm that New Lender shall from and after the date hereof be deemed to be a party to the Credit Agreement and a "Lender" for all purposes under the Credit Agreement and the other Loan Documents, and shall have all the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents as if New Lender had executed the Credit Agreement.
		
	SECTION 4.
	RATIFICATION OF LOAN DOCUMENTS AND COLLATERAL.

The Loan Documents are ratified and affirmed by Borrower and shall remain in full force and effect as modified herein.  Any property or rights to or interests in property granted as security in the Loan Documents shall remain as security for the Loan and the obligations of Borrower in the Loan Documents.
		
	SECTION 5.
	BORROWER REPRESENTATIONS AND WARRANTIES.

Borrower represents and warrants to Administrative Agent and the Lenders:
5.1    No Default exists under the Loan Documents.
5.2    There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent.

5.3    All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date.
5.4    As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein.
5.5    The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application.
5.6    Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein.  The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower.  This Agreement has been duly executed and delivered on behalf of Borrower.
		
	SECTION 6.
	CONDITIONS PRECEDENT.

The agreements of Administrative Agent and the Lenders and the modifications contained herein shall not be binding upon Administrative Agent or the Lenders until Administrative Agent and Lenders have executed and delivered this Agreement, and Administrative Agent (or New Lender, where applicable) has received, at Borrower's expense (except with respect to Sections 6.5 and 6.8 below), all of the following, all of which shall be in form and content satisfactory to Administrative Agent and shall be subject to approval by Administrative Agent:
6.1    An original of this Agreement fully executed by Borrower;
6.2    An original of the attached Consent and Agreement of Guarantor fully executed by Guarantors;
6.3    An original of the attached Consent and Agreement of each Subordinated Creditor fully executed by Advisor (defined in the Advisor Fee Subordination Agreement) and by Series C, LLC;
6.4    An original Revolving Note in favor of New Lender; 
6.5    An original of the Administrative Questionnaire fully executed by New Lender;
6.6    An opinion of counsel to the Loan Parties acceptable to Administrative Agent;
6.7    Payment by Borrower of fees required under the Fee Letter;

6.8    Payment by New Lender to Administrative Agent for the benefit of Existing Lenders of thirty-three and one-third percent (33.333333333%) of the outstanding principal amount of the Committed Revolving Loans to be paid equally to Existing Lenders;
6.9    Such other documents as Administrative Agent may require relating to the existence and good standing of Borrower, and the authority of any person executing this Agreement or other documents on behalf of Borrower; and
6.10    Payment of all reasonable out-of-pocket external costs and expenses incurred by Administrative Agent in connection with this Agreement (including, without limitation, outside attorneys costs, expenses, and fees).
		
	SECTION 7.
	INTEGRATION, ENTIRE AGREEMENT, CHANGE, DISCHARGE, TERMINATION, OR WAIVER.

The Loan Documents as modified herein contain the complete understanding and agreement of Borrower, Administrative Agent and the Lenders in respect of the Loan and supersede all prior representations, warranties, agreements, arrangements, understandings, and negotiations.  No provision of the Loan Documents as modified herein may be changed, discharged, supplemented, terminated, or waived except as provided in the Credit Agreement.  The terms of this Agreement shall control with respect to any inconsistencies, conflicts or ambiguities between or among the Agreement and the other Loan Documents.
		
	SECTION 8.
	BINDING EFFECT.

The Loan Documents as modified herein shall be binding upon and shall inure to the benefit of Borrower, Administrative Agent and the Lenders and their permitted successors and assigns.
		
	SECTION 9.
	CHOICE OF LAW.

THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
		
	SECTION 10.
	COUNTERPART EXECUTION.

This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement.

[Signatures on Following Pages]

DATED as of the date first above stated.

BORROWER:

COLE CORPORATE INCOME OPERATING PARTNERSHIP II, LP, a Delaware limited partnership, as Borrower

		
	By:
	Cole Office & Industrial REIT (CCIT II), Inc., a Maryland corporation, its general partner

By:    /s/ Todd J. Weiss
Name:    Todd J. Weiss
		
	Title:
	Authorized Officer

ADMINISTRATIVE AGENT:

JPMORGAN CHASE BANK, N.A.

By:    /s/ Ryan M. Dempsey
Name:    Ryan M. Dempsey
Title:    Authorized Officer

EXISTING LENDERS:

JPMORGAN CHASE BANK, N.A.

By:    /s/ Ryan M. Dempsey
Name:    Ryan M. Dempsey
Title:    Authorized Officer

REGIONS BANK

By:    /s/ Michael R. Mellott
Name:    Michael R. Mellott
Title:    Director

NEW LENDER:

U.S. BANK NATIONAL ASSOCIATION

By:    /s/ Matthews K. Mains
Name:    Matthews K. Mains
Title:    Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]