Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

SIXTH AMENDMENT TO 

TERM LOAN CREDIT AGREEMENT 

This SIXTH AMENDMENT TO TERM LOAN CREDIT
AGREEMENT (this “Sixth Amendment”) dated as of September 20, 2018, among LEGACY RESERVES LP, a limited partnership duly formed under the laws of the State of Delaware (the
“Borrower”), each of the undersigned guarantors (the “Guarantors”, and together with the Borrower, the “Obligors”), CORTLAND CAPITAL MARKET
SERVICES LLC, as administrative agent for the Lenders (in such capacity, together with its successors, the “Administrative Agent”), the Lenders under the Term Loan Credit Agreement (the “Lenders”).

 Recitals 
 A. The Borrower,
the Administrative Agent and the Lenders are parties to that certain Term Loan Credit Agreement dated as of October 24, 2016, as amended by the First Amendment and Waiver to the Term Loan Credit Agreement, dated July 31, 2017, as further
amended by the Second Amendment to the Term Loan Credit Agreement, dated October 30, 2017, as further amended by the Third Amendment to the Term Loan Credit Agreement, dated December 31, 2017, as further amended by the Fourth Amendment to
the Term Loan Credit Agreement, dated as of March 23, 2018 and as further amended by the Fifth Amendment to the Term Loan Credit Agreement, dated as of September 14, 2018 (as so amended prior to the date hereof, the “Existing
Credit Agreement,” and the Existing Credit Agreement as amended by this Sixth Amendment, the “Term Loan Credit Agreement”). 

B. The Guarantors are parties to that certain Term Loan Guaranty Agreement dated as of October 25, 2016 made by each of the Guarantors (as
defined therein) in favor of the Administrative Agent (the “Term Loan Guaranty Agreement”). 
 C. The Borrower, the
Guarantors, the Administrative Agent and the Lenders have agreed to amend certain provisions of the Term Loan Credit Agreement as more fully set forth herein. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined Terms. Each capitalized term which
is defined in the Term Loan Credit Agreement, but which is not defined in this Sixth Amendment, shall have the meaning ascribed to such term in the Term Loan Credit Agreement. Unless otherwise indicated, all article, section and exhibit references
in this Sixth Amendment refer to articles, sections and exhibits of the Term Loan Credit Agreement. 

 Section 2. Amendments to Term Loan Credit Agreement. 

2.1 Amendments to Section 1.02. 

(a) The following definitions are hereby amended and restated in their entirety to read as follows: 

“Agreement” means this Term Loan Credit Agreement, as amended by the First Amendment and Waiver to the Term
Loan Credit Agreement, dated July 31, 2017, as further amended by the Second Amendment to the Term Loan Credit Agreement, dated October 30, 2017, as further amended by the Third Amendment to the Term Loan Credit Agreement, dated
December 31, 2017, the Fourth Amendment, dated as of March 23, 2018, the Fifth Amendment, dated as of September 14, 2018 and the Sixth Amendment, dated as of September 20, 2018, as the same may from time to time be amended,
modified, supplemented or restated. 
 The following definitions are hereby added where alphabetically appropriate to read as
follows: 
 “Sixth Amendment” means that certain Sixth Amendment to Term Loan Credit Agreement, dated as of
September 20, 2018, among the Borrower, the Guarantors, the Administrative Agent and the Lenders party thereto. 
 2.2 Amendment to
Section 9.04(b)(i). Section 9.04(b)(i) is hereby amended by (a) replacing the word “or” at the end of clause (B) with a comma and (b) adding the following at the end of clause (C): “or
(D) with any combination of the following: (1) proceeds of Permitted Refinancing Debt, (2) the Net Cash Proceeds of any sale of Equity Interests (other than Disqualified Capital Stock) of the Parent and/or (3) in exchange for
Equity Interests (other than Disqualified Capital Stock) of the Parent”. 
 Section 3. Conditions Precedent. This Sixth Amendment shall not
become effective until the date on which each of the following conditions is satisfied (or waived in writing in accordance with Section 12.02 of the Term Loan Credit Agreement) (the “Sixth Amendment Effective Date”): 

3.1 The Administrative Agent shall have received from each Lender party to the Term Loan Credit Agreement, the Borrower and the Guarantors,
counterparts (in such number as may be requested by the Administrative Agent) of this Sixth Amendment signed on behalf of such Person. 
 3.2
The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying (a) that attached thereto is a true, correct and complete copy of the Eleventh Amendment to the RBL Credit Agreement, which shall be
in form and substance reasonably satisfactory to the Administrative Agent, and shall in any event amend the RBL Credit Agreement in the same manner as the Term Loan Credit Agreement is to be amended by this Sixth Amendment (the “First Lien
Amendment”) and (b) as to the aggregate amount of all consent, amendment and other fees payable to the holders of the RBL Facility in connection with the First Lien Amendment and/or the Reorganization Transactions. The “Eleventh
Amendment Effective Date” under and as defined in the RBL Credit Agreement shall have occurred (or shall occur substantially concurrently with the Sixth Amendment Effective Date). 

3.3 The Administrative Agent and the Lenders shall have received all fees and other amounts due and payable pursuant to the Credit Agreement on
or prior to the Sixth Amendment Effective Date, including fees and expenses invoiced by Arnold & Porter Kaye Scholer LLP and Latham & Watkins LLP prior to the Sixth Amendment Effective Date. 

  
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 3.4 The Fifth Amendment Effective Date shall have occurred. 

Section 4. Miscellaneous. 
 4.1
Confirmation. The provisions of the Term Loan Credit Agreement, as amended by this Sixth Amendment, shall remain in full force and effect following the effectiveness of this Sixth Amendment. 

4.2 Ratification and Affirmation; Representations and Warranties. Each Obligor hereby (a) acknowledges the terms of this Sixth
Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Term Loan Document to which it is a party and agrees that each Term Loan Document to which it is a party remains in full force and
effect as expressly amended hereby; (c) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Sixth Amendment: (i) all of the representations and warranties contained in each Term Loan
Document to which it is a party are true and correct, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as
of such specified earlier date, (ii) no Default or Event of Default has occurred and is continuing and (iii) no event or events have occurred which individually or in the aggregate could reasonably be expected to have a Material Adverse
Effect; and (d) agrees that from and after the Sixth Amendment Effective Date each reference to the Term Loan Credit Agreement in the other Term Loan Documents shall be deemed to be a reference to the Term Loan Credit Agreement, as amended by
this Sixth Amendment. 
 4.3 Counterparts. This Sixth Amendment may be executed by one or more of the parties hereto in any
number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Sixth Amendment by telecopy, facsimile, email or other electronic means shall be effective as
delivery of a manually executed counterpart hereof. 
 4.4 No Oral Agreement. This Sixth Amendment, the Term Loan Credit
Agreement and the other Term Loan Documents executed in connection herewith and therewith represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous, or unwritten oral agreements of the
parties. There are no subsequent oral agreements between the parties. 
 4.5 GOVERNING LAW. The provisions of Section 12.09
of the Term Loan Credit Agreement are incorporated herein mutatis mutandis. 
 4.6 Payment of Expenses. In accordance with
Section 12.03 of the Term Loan Credit Agreement, the Borrower agrees to pay or reimburse the Administrative Agent and the Lenders for all of their reasonable
out-of-pocket costs and reasonable expenses incurred in connection with this Sixth Amendment, any other documents prepared in connection herewith and the transactions
contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent and the Lenders. 

  
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 4.7 Severability. Any provision of this Sixth Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 4.8 Successors and
Assigns. This Sixth Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

4.9 Term Loan Document. This Sixth Amendment is a “Term Loan Document” as defined and described in the Term Loan Credit
Agreement, and all of the terms and provisions of the Term Loan Credit Agreement relating to Term Loan Documents shall apply hereto. 
 4.10
RELEASE. FOR GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE BORROWER AND EACH OTHER OBLIGOR HEREBY, FOR ITSELF AND ITS SUCCESSORS AND ASSIGNS, FULLY AND WITHOUT RESERVE, RELEASES
AND FOREVER DISCHARGES EACH LENDER, EACH AGENT AND EACH OF THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, OFFICERS, DIRECTORS, EMPLOYEES, REPRESENTATIVES, TRUSTEES, ATTORNEYS, AGENTS, ADVISORS (INCLUDING ATTORNEYS, ACCOUNTANTS AND EXPERTS) AND AFFILIATES
(COLLECTIVELY THE “RELEASED PARTIES” AND INDIVIDUALLY A “RELEASED PARTY”) FROM ANY AND ALL ACTIONS, CLAIMS, DEMANDS, CAUSES OF ACTION, JUDGMENTS, EXECUTIONS, SUITS, DEBTS, LIABILITIES,
COSTS, DAMAGES, EXPENSES OR OTHER OBLIGATIONS OF ANY KIND AND NATURE WHATSOEVER, KNOWN OR UNKNOWN, DIRECT AND/OR INDIRECT, AT LAW OR IN EQUITY, WHETHER NOW EXISTING OR HEREAFTER ASSERTED (INCLUDING, WITHOUT LIMITATION, ANY OFFSETS, REDUCTIONS,
REBATEMENT, CLAIMS OF USURY OR CLAIMS WITH RESPECT TO THE NEGLIGENCE OF ANY RELEASED PARTY), FOR OR BECAUSE OF ANY MATTERS OR THINGS OCCURRING, EXISTING OR ACTIONS DONE, OMITTED TO BE DONE, OR SUFFERED TO BE DONE BY ANY OF THE RELEASED
PARTIES, IN EACH CASE, ON OR PRIOR TO THE DATE OF THE SIXTH AMENDMENT AND ARE IN ANY WAY DIRECTLY OR INDIRECTLY ARISING OUT OF OR IN ANY WAY CONNECTED TO ANY OF THIS SIXTH AMENDMENT, THE TERM LOAN CREDIT AGREEMENT, ANY OTHER TERM LOAN DOCUMENT OR
ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (COLLECTIVELY, THE “RELEASED MATTERS”). THE BORROWER AND EACH OTHER OBLIGOR, BY EXECUTION HEREOF, HEREBY ACKNOWLEDGES AND AGREES THAT THE AGREEMENTS IN THIS
SECTION 4.10 ARE INTENDED TO COVER AND BE IN FULL SATISFACTION FOR ALL OR ANY ALLEGED INJURIES OR DAMAGES ARISING IN CONNECTION WITH THE RELEASED MATTERS. 

4.11 Administrative Agent Direction. Each undersigned Lender (collectively constituting all Lenders party to the Term Loan Credit
Agreement) hereby directs the Administrative Agent to execute and deliver this Sixth Amendment. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Sixth Amendment to be duly executed
as of the date first written above. 
  

							
	BORROWER:	 		 	LEGACY RESERVES LP
				
		 		 	By:	 	Legacy Reserves GP, LLC,
		 		 		 	its general partner

							
				
		 		 	By:	 	 /s/ James Daniel Westcott

		 		 		 	James Daniel Westcott
		 		 		 	President and Chief Financial Officer
			
	GUARANTORS:	 		 	LEGACY RESERVES OPERATING LP
				
		 		 	By:	 	Legacy Reserves Operating GP LLC, its general partner
		 		 	By:	 	Legacy Reserves LP, its sole member
		 		 	By:	 	Legacy Reserves GP, LLC, its general partner
				
		 		 	By:	 	 /s/ James Daniel Westcott

		 		 		 	James Daniel Westcott
		 		 		 	President and Chief Financial Officer
			
		 		 	LEGACY RESERVES OPERATING GP LLC
				
		 		 	By:	 	Legacy Reserves LP, its sole member
		 		 	By:	 	Legacy Reserves GP, LLC, its general partner
				
		 		 	By:	 	 /s/ James Daniel Westcott

		 		 		 	James Daniel Westcott
		 		 		 	President and Chief Financial Officer

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENT 

 
			
	LEGACY RESERVES SERVICES, INC.
	
	DEW GATHERING LLC
	
	PINNACLE GAS TREATING LLC
	
	LEGACY RESERVES ENERGY SERVICES LLC
	
	LEGACY RESERVES GP, LLC
	
	LEGACY RESERVES INC.
		
	By:	 	 /s/ James Daniel Westcott

		 	James Daniel Westcott
		 	President and Chief Financial Officer

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENT 

 
			
	CORTLAND CAPITAL MARKET SERVICES LLC, as Administrative Agent
		
	By:	 	 /s/ Matthew Trybula

	Name: Matthew Trybula
	Title: Associate Counsel

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENT 

 
			
	 GSO ENERGY SELECT OPPORTUNITIES FUND LP

By: GSO Energy Select Opportunities Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory
	
	 GSO ENERGY PARTNERS-A LP

By: GSO Energy Partners-A Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory
	
	 GSO ENERGY PARTNERS-B LP

By: GSO Energy Partners-B Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory
	
	 GSO ENERGY PARTNERS-C LP

By: GSO Energy Partners-C Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory
	
	 GSO ENERGY PARTNERS-C II LP

By: GSO Energy Partners-C Associates II LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENT 

			
	 GSO ENERGY PARTNERS-D LP

By: GSO Energy Partners-D Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory
	
	 GSO PALMETTO OPPORTUNISTIC INVESTMENT PARTNERS LP

By: GSO Palmetto Opportunistic Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENT 

 
			
	 GSO CSF III HOLDCO LP
 By:
GSO Capital Solutions Associates III LP, its general partner
 By: GSO Capital Solutions Associates III (Delaware) LLC, its general
partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENT 

 
			
	 GSO AIGUILLE DES GRAND MONTETS FUND II LP

By: GSO Aiguille des Grand Montets Associates LLC, its general partner

		
		 	By: /s/ Marisa J.
Beeney                                    
		 	Name: Marisa J. Beeney
		 	Title: Authorized Signatory

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO TERM LOAN
CREDIT AGREEMENTExhibit 10.1

 

		One
    Jake Brown Road, Old Bridge NJ 08857 

    Phone: 732-679-4000 | Fax: 732-679-4353
    

www.blondertongue.com | www.rldrake.com

 

 

September
20, 2018

 

Sent
by UPS

 

Jake
Brown Rd, LLC

c/o
Saadia Group

1
West 34th Street, 11th Floor

New
York, NY 10001

Attention:
Jack Saadia

 

		RE:	Extension
of Due Diligence Period

Agreement
of Sale dated August , 2018 between Blonder Tongue

Laboratories,
Inc. as “Seller” and Jake Brown Rd, LLC as “Buyer”

Property:
One Jake Brown Road, Old Bridge, NJ

Dear
Mr. Saadia:

 

This
confirms that the expiration date of the Due Diligence Period defined in the above referenced Agreement of Sale has been extended
by mutual agreement of the parties until the close of business on Thursday, October 4, 2018.

 

	 	Sincerely yours,
	 	 
	 	/s/ Eric S. Skolnik
	 	Eric S. Skolnik
	 	Senior Vice President / Chief Financial Officer

 

	cc (via UPS):	Montgomery McCracken Walker & Rhoads
	 	437 Madison Avenue, New York, NY  10022
	 	Attention:  Jeffrey Dayon, Esq.

 

 

 

©
Blonder Tongue Laboratories, Inc. | (800) 523-6049 | www.blondertongue.com
 © R.L. Drake Holdings, LLC | (800) 777-8876 | www.rldrake.com

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