Document:

First Amendment to Second A&R Loan Agreement

 Exhibit 10.2 
 FIRST AMENDMENT TO 
 SECOND AMENDED AND RESTATED LOAN AGREEMENT 
 THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AGREEMENT (this “Amendment”) made as of the 1st day of May, 2006, among ASCENT OIL AND GAS INC., a Delaware corporation (“Ascent Oil and Gas”), SOUTH
LOUISIANA PROPERTY HOLDINGS, INC., a Louisiana corporation (“SLPH”), ASCENT ENERGY HOLDINGS, INC., a Delaware corporation (“Ascent Energy Holdings”), ASCENT ENERGY LOUISIANA, LLC, a Delaware limited liability
company (“Ascent Louisiana”), ASCENT GP, LLC, a Delaware limited liability company (“Ascent GP”), ASCENT LP, LLC, a Delaware limited liability company (“Ascent LP”), ASCENT OPERATING, L.P., a
Delaware limited partnership (“Ascent Operating”), PONTOTOC ACQUISITION CORP., a Nevada corporation (“Pontotoc Acquisition”), PONTOTOC PRODUCTION COMPANY, INC., a Texas corporation (“Pontotoc
Texas”), OKLAHOMA BASIC ECONOMY CORPORATION, an Oklahoma corporation (“OBEC”), PONTOTOC HOLDINGS, INC., an Oklahoma corporation (“Pontotoc Holdings”), PONTOTOC GATHERING, L.L.C., an Oklahoma limited
liability company (“Pontotoc Gathering”), DYNE EXPLORATION COMPANY, an Oklahoma corporation (“Dyne”), ASCENT RESOURCES, WV, INC., a Delaware corporation (“Resources”), Resources, together with
Ascent Oil & Gas, SLPH, Ascent Energy Holdings, Ascent Louisiana, Ascent GP, Ascent LP, Ascent Operating, Pontotoc Acquisition, Pontotoc Texas, OBEC, Pontotoc Holdings, Pontotoc Gathering and Dyne, the “Borrowers,” and each
a “Borrower”), FORTIS CAPITAL CORP., a Connecticut corporation, individually (“Fortis”) and as agent (the “Agent”), CAPITAL ONE, N.A., a national banking association (“Capital
One”), THE ROYAL BANK OF SCOTLAND plc, a company organized under the laws of Scotland (“RBS”), STERLING BANK, a bank organized under the laws of Texas (“Sterling”), COMPASS BANK, an Alabama state chartered
bank (“Compass”), and the other lenders which may become a party hereto (each a “Lender” and collectively the “Lenders”), and FORTIS ENERGY LLC, a Delaware limited liability company (“Fortis
Energy”). 
 WHEREAS, the Borrowers, Agent and the Lenders have entered into a Second Amended and Restated Loan Agreement dated as
of December 19, 2005 (as amended, the “Loan Agreement”); and 
 WHEREAS, the Borrowers have requested that the Lenders
increase the Acquisition Commitment to $15,000,000 and make certain other changes to the Loan Agreement, and the Lenders are willing to do so; 
 NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 

1. Defined Terms. All capitalized terms used but not otherwise defined in this Amendment shall have the meaning ascribed to them in the
Loan Agreement. Unless otherwise specified, all section references herein refer to sections of the Loan Agreement. 

 2. Amendments to Loan Agreement. 
 2.1 Definitions (Section 1). 
 (a) Acquisition Commitment. The definition of “Acquisition Commitment” is amended by substituting “$15,000,000” for “$5,000,000.” 
 (b) AEI. The following definition is added to the Loan Agreement: 
 “‘AEI’ means Ascent Energy Inc., a Delaware corporation.” 
 (c) Base Rate Margin. Clause (b) of the definition of “Base Rate Margin” is amended to read as follows: 

“(b) For Acquisition Loans: two and one-half percent (2.50%) per annum.” 
 (d) Effective Date of First Amendment. The following definition is added to the Loan Agreement: 
 “‘Effective Date of First Amendment’ means the date on which the Borrowers have satisfied the conditions to the
effectiveness of the First Amendment to Second Amended and Restated Loan Agreement dated as of May 1, 2006.” 
 (e)
LIBOR Margin. Clause (b) of the definition of “LIBOR Margin” is amended to read as follows: 
 “(b) For Acquisition Loans: three and three-quarters percent (3.75%) per annum.” 
 2.2
Section 2(b) (Acquisition Commitment). Section 2(b) is amended to read as follows: 
 “(b)
Acquisition Commitment. Subject to the terms and conditions hereof, each Lender agrees to make loans to the Borrowers in order to finance the acquisition of Oil and Gas Properties (or the equity of any Person owning Oil and Gas Properties)
(herein called such Lender’s “Acquisition Loans”) upon the Borrowers’ request from time to time during the term hereof, provided that (i) all Lenders are requested to make Acquisition Loans of the same Type in
accordance with their respective Percentage Shares and as part of the same Advance, and (ii) the aggregate amount of all Acquisition Loans may not exceed seventy percent (70%) of the net discounted present value, determined by the Agent
using the factors set forth in Section 9(f) hereof, of the proved Oil and Gas Properties being acquired with the proceeds of such Acquisition Loans (the “70% Test”). In determining whether the Borrowers have satisfied

  

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the 70% Test: (i) if the acquisition being financed is for a consideration of $10,000,000 or more, the net discounted present value of the Oil and Gas
Properties being acquired will be determined on the basis of an engineering report in form and substance satisfactory to the Agent in its reasonable discretion prepared by a representative of the Borrowers but audited by an independent third party
engineer selected by the Borrowers and approved by the Agent covering the Oil and Gas Properties being acquired, and (ii) if the acquisition being financed is for a consideration of less than $10,000,000, the net discounted present value of the
Oil and Gas Properties being acquired will be determined on the basis of an engineering report in form and substance satisfactory to the Agent in its reasonable discretion prepared by a representative of the Borrowers covering the Oil and Gas
Properties being acquired. In either case, net discounted present value will be calculated using a predetermined price deck provided to the Borrowers by the Agent and acceptable to the Lenders. The aggregate amount of all Acquisition Loans in any
Advance must be greater than or equal to $1,000,000. Except for the amount of any Acquisition Loan which may have been converted to a term loan pursuant to Section 4(a)(ii) hereof, subject to the terms and conditions hereof, the
Borrowers may borrow, repay, and reborrow Acquisition Loans made hereunder. The Lenders shall have no obligation to make an Acquisition Loan hereunder if such Acquisition Loans would not satisfy the 70% Test.” 
 2.3 Section 4(a) (Payment at Maturity). Section 4(a)(ii) is amended to read as follows: 
 “(ii) Except as otherwise provided in this Agreement, the outstanding principal amount of the Acquisition Loans shall be due and
payable on the later of (y) a date which is six months after the date of the Advance of such Acquisition Loan, or (z) a date which is three months after the date of the first Borrowing Base Determination Date following the Advance of such
Acquisition Loan (the “Acquisition Loan Maturity Date”), provided, however, that if on the Acquisition Loan Maturity Date the Facility Usage plus the outstanding principal amount of Acquisition Loans exceeds the
Borrowing Base in effect on such Acquisition Loan Maturity Date, then the amount of such excess (other than any excess attributable to a Borrowing Base Deficiency, which shall be addressed as otherwise provided in this Agreement) shall be converted
into a term loan which shall be payable in not more than thirty-six (36) equal installments due on the last Business Day of each month prior to the Loan Maturity Date and, if not then paid in full, on the Loan Maturity Date. As an example for
the avoidance of doubt, if the amount of such excess (other than any excess attributable to a Borrowing Base Deficiency) on an Acquisition Loan Maturity Date which is January 15, 2009 is $1,650,000, then the Borrower must make eleven
(11) equal payments of $150,000 each, with ten (10) such payments being made on the last Business Day of 

  

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each month commencing on the last Business Day of January, 2009, and the eleventh (11th) such payment being made on November 1, 2009, the Loan Maturity Date.“ 
 2.4 Annex A. Annex A to the Loan Agreement is deleted and replaced by Annex A attached to this Amendment. 
 3. Borrowing Base. Pursuant to Section 9 of the Loan Agreement, the Agent and the Lenders have redetermined the Borrowing Base at
$80,000,000, which Borrowing Base shall be effective on the Effective Date of the First Amendment. The redetermination provided for in this Section 4 shall not be treated as an Unscheduled Redetermination for purposes of the Loan Agreement.

 4. Effectiveness of Amendment. This Amendment shall be effective upon receipt by the Agent of: 
 4.1 An executed copy of this Amendment; 
 4.2 A promissory note executed by the Borrowers in favor of each Lender; and 
 4.3 All fees
due and owing by the Borrowers. 
 5. Further Assurances. Borrowers’ Representative, at its sole expense, will, and will
cause each other Borrower to, promptly execute and deliver to the Agent upon its request all such other and further documents, agreements and instruments Agent deems necessary, in its sole discretion, in connection with the transactions contemplated
hereby. 
 6. Ratifications, Borrower Representations and Warranties. 
 6.1 The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the
Loan Agreement and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Agreement are ratified and confirmed and shall continue in full force and effect. The Borrowers and the Lenders agree that the
Loan Agreement and the Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. 
 6.2 To induce the Lenders to enter into this Amendment, the Borrowers ratify and confirm each representation and warranty set forth in the
Loan Agreement as if such representations and warranties were made on the even date herewith, and further represents and warrants (i) that there has occurred since the date of the last financial statements delivered to the Banks no event or
circumstance that has resulted or could reasonably be expected to result in a Material Adverse Effect, (ii) that no Event of Default exists on the date hereof, and (iii) that the Borrowers are fully authorized to enter into this Amendment.

  

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 7. Benefits. This Amendment shall be binding upon and inure to the benefit of the Lenders
and Borrowers, and their respective successors and assigns; provided, however, that Borrowers may not, without the prior written consent of the Lenders, assign any rights, powers, duties or obligations under this Amendment, the Loan Agreement or any
of the other Loan Documents. 
 8. Construction. This Amendment shall be governed by and construed in accordance with the laws
of the State of Texas. 
 9. Invalid Provisions. If any provision of this Amendment is held to be illegal, invalid or
unenforceable under present or future laws, such provision shall be fully severable and the remaining provisions of this Amendment shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or
by its severance. 
 10. Entire Agreement. The Loan Agreement, as amended by this Amendment, contains the entire agreement
among the parties regarding the subject matter hereof and supersedes all prior written and oral agreements and understandings among the parties hereto regarding same. 
 11. Reference to Loan Agreement. The Loan Agreement and any and all other agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the
terms of the Loan Agreement, as amended hereby, are hereby amended so that any reference in the Loan Agreement to the Loan Agreement shall mean a reference to the Loan Agreement as amended hereby. 
 12. Counterparts. This Amendment may be separately executed in any number of counterparts, each of which shall be an original, but all of
which, taken together, shall be deemed to constitute one and the same agreement. 
 [The Remainder of this Page Intentionally Left Blank)

  

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

			
	 ASCENT OIL AND GAS INC., as Borrower

		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	SOUTH LOUISIANA PROPERTY HOLDINGS, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT ENERGY HOLDINGS, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT ENERGY LOUISIANA, LLC, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT GP, LLC, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

  

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	ASCENT LP, LLC, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT OPERATING, L.P., as Borrower
		
	By:	 	Ascent GP, LLC,
		 	its general partner
			
		 	By:	 	 /s/ Eddie M. LeBlanc

		 	Name:	 	 Eddie M. LeBlanc

		 	Title:	 	 Vice President, Secretary & Treasurer

	
	PONTOTOC ACQUISITION CORP. as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	PONTOTOC PRODUCTION COMPANY, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	OKLAHOMA BASIC ECONOMY CORPORATION, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

  

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	PONTOTOC HOLDINGS, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	PONTOTOC GATHERING, L.L.C., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	DYNE EXPLORATION COMPANY, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT RESOURCES WV, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

  

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	FORTIS CAPITAL CORP., as Agent and Lender
		
	By:	 	 /s/ Irond Rokholt

	Name:	 	 Irond Rokholt

	Title:	 	 Managing Director

		
	By:	 	 /s/ Scott Myatt

	Name:	 	 Scott Myatt

	Title:	 	 Vice President

  

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	CAPITAL ONE, N.A., as Lender
		
	By:	 	 /s/ Nancy G. Moragas

	Name:	 	 Nancy G. Moragas

	Title:	 	 Senior Vice President

  

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	THE ROYAL BANK OF SCOTLAND plc, as Lender
		
	By:	 	 /s/ Scott L. Joyce

	Name:	 	 Scott L. Joyce

	Title:	 	 Vice President

  

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	 STERLING BANK, as Lender

		
	 By:
	 	 /s/ Ryan K. Michael

	 Name:
	 	 Ryan K. Michael

	 Title:
	 	 Officer

  

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	COMPASS BANK, as Lender
		
	By:	 	 /s/ Dorothy Marchand

	Name:	 	 Dorothy Marchand

	Title:	 	 Compass Bank

  

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	FORTIS ENERGY LLC, as Qualified Hedging Counterparty and as Lender for the purposes set forth in Sections 2(e), 8, 17 and 18 of the Loan Agreement
		
	By:	 	 /s/ David Jones

	Name:	 	 David Jones

	Title:	 	 President

		
	By:	 	 /s/ Derek Pisani

	Name:	 	 Derek Pisani

	Title:	 	 Director of Operations

  

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 ANNEX A 
  

										
	 	  	Percentage Share	 	 	Revolving
Commitment	  	Acquisition
Commitment
	 Fortis Capital Corp.
	  	30	%	 	$	30,000,000	  	$	4,500,000
	 Capital One, N.A.
	  	20	%	 	$	20,000,000	  	$	3,000,000
	 The Royal Bank of Scotland plc
	  	20	%	 	$	20,000,000	  	$	3,000,000
	 Sterling Bank
	  	15	%	 	$	15,000,000	  	$	2,250,000
	 Compass Bank
	  	15	%	 	$	15,000,000	  	$	2,250,000
		  	 	 	 	 	 	  	 	 
		  	100	%	 	$	100,000,000	  	$	15,000,000

  

 15Second Amendment to A&R Loan Agreement

 Exhibit 10.3 
 SECOND AMENDMENT TO 
 SECOND AMENDED AND RESTATED LOAN AGREEMENT 
 THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AGREEMENT (this “Amendment”) made as of the 23rd day of June, 2006, among ASCENT OIL AND GAS INC., a Delaware corporation (“Ascent Oil and Gas”), SOUTH
LOUISIANA PROPERTY HOLDINGS, INC., a Louisiana corporation (“SLPH”), ASCENT ENERGY HOLDINGS, INC., a Delaware corporation (“Ascent Energy Holdings”), ASCENT ENERGY LOUISIANA, LLC, a Delaware limited liability
company (“Ascent Louisiana”), ASCENT GP, LLC, a Delaware limited liability company (“Ascent GP”), ASCENT LP, LLC, a Delaware limited liability company (“Ascent LP”), ASCENT OPERATING, L.P., a
Delaware limited partnership (“Ascent Operating”), PONTOTOC ACQUISITION CORP., a Nevada corporation (“Pontotoc Acquisition”), PONTOTOC PRODUCTION COMPANY, INC., a Texas corporation (“Pontotoc
Texas”), OKLAHOMA BASIC ECONOMY CORPORATION, an Oklahoma corporation (“OBEC”), PONTOTOC HOLDINGS, INC., an Oklahoma corporation (“Pontotoc Holdings”), PONTOTOC GATHERING, L.L.C., an Oklahoma limited
liability company (“Pontotoc Gathering”), DYNE EXPLORATION COMPANY, an Oklahoma corporation (“Dyne”), ASCENT RESOURCES, WV, INC., a Delaware corporation (“Resources”), Resources, together with
Ascent Oil & Gas, SLPH, Ascent Energy Holdings, Ascent Louisiana, Ascent GP, Ascent LP, Ascent Operating, Pontotoc Acquisition, Pontotoc Texas, OBEC, Pontotoc Holdings, Pontotoc Gathering and Dyne, the “Borrowers,” and each
a “Borrower”), FORTIS CAPITAL CORP., a Connecticut corporation, individually (“Fortis”) and as agent (the “Agent”), CAPITAL ONE, N.A., a national banking association (“Capital
One”), THE ROYAL BANK OF SCOTLAND plc, a company organized under the laws of Scotland (“RBS”), STERLING BANK, a bank organized under the laws of Texas (“Sterling”), COMPASS BANK, a bank organized under the
laws of Delaware (“Compass”), and the other lenders which may become a party hereto (each a “Lender” and collectively the “Lenders”), and FORTIS ENERGY LLC, a Delaware limited liability company
(“Fortis Energy”). 
 WHEREAS, the Borrowers, Agent and the Lenders have entered into a Second Amended and Restated Loan
Agreement dated as of December 19, 2005, as amended by the First Amended to Second Amended and Restated Loan Agreement dated as of May 1, 2006 (as further amended from time to time, the “Loan Agreement”); and 

WHEREAS, the Borrowers have requested that the Lenders make certain changes to the Loan Agreement, and the Lenders are willing to do so; 

NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable consideration, the sufficiency of which is hereby
acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 1. Defined Terms. All capitalized terms used but
not otherwise defined in this Amendment shall have the meaning ascribed to them in the Loan Agreement. Unless otherwise specified, all section references herein refer to sections of the Loan Agreement. 

 2. Amendments to Loan Agreement. 
 2.1 Section 1. The definition of “EBITDA” in Section 1 of the Loan Agreement is hereby deleted in its entirety
and replaced with the following: 
 “EBITDAX” means with respect to any Person at any date of determination, the sum
of (a) net income for such Person for the four (4) most recent Fiscal Quarters then ended, plus (b) interest expense deducted in arriving at such net income, plus (c) Federal, state and local income taxes deducted
in arriving at such net income, plus (d) depreciation, amortization, depletion, exploration expenses and any other item expensed under successful efforts accounting and capitalized under full cost accounting, and other non-cash charges
deducted in arriving at net income (including (i) any provision for the reduction in the carrying value of assets recorded in accordance with GAAP, including property impairments, and (ii) non-cash charges resulting from the requirements
of SFAS 133 or 143), in each case as net income is computed and calculated in accordance with GAAP. 
 2.2 References to
“EBITDA”. Each reference in the Agreement to the term “EBITDA” is deleted hereby and replaced with the term “EBITDAX”. 
 2.3 Section 18. The notice address of the Borrowers in Section 18(b)(i) of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 
  

			
	The Borrowers:	  	Ascent Oil & Gas Inc.
		  	c/o Ascent Energy Inc.
		  	4965 Preston Park Blvd., Ste. 800
		  	Plano, TX 75093
		  	Attention: Eddie LeBlanc
		  	Telephone No.: 972-543-3905
		  	Facsimile No.: 972-543-3904

 3. Effectiveness of Amendment. This Amendment shall be effective upon receipt by the Agent
of: 
 3.1 An executed copy of this Amendment; and 
 3.2 All expenses due and owing by the Borrowers. 
 4. Documentation of Rights-of-Way. Borrowers have discovered and have informed the Agent and the Lenders that, with respect to the pipelines utilized for the transportation of hydrocarbons by Pontotoc Gathering
in Oklahoma and by SLPH in Louisiana, not all rights of way owned or leased by Pontotoc Gathering and SLPH, respectively, are documented in a manner that evidences Pontotoc Gathering’s and SLPH’s ownership or leasehold rights in such
rights of way and its right to utilize such pipelines. As soon as practicable, but in no event later than October 2, 2006, the Borrowers shall furnish to the Agent and the Lenders a report satisfactory to Agent and Lenders (a) identifying
the undocumented portions of the rights of way 

  

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for such pipelines and the oil and gas reserves of the Borrowers and any of their Subsidiaries transported through such pipelines, and (b) containing a
proposal for resolution of any effects such undocumented rights of way may have on the credit facility and security documentation relating thereto, including possible curative efforts or if necessary, reduction in the Borrowing Base. 
 5. Further Assurances. Borrowers’ Representative, at its sole expense, will, and will cause each other Borrower to, promptly execute and
deliver to the Agent upon its request all such other and further documents, agreements and instruments Agent deems necessary, in its sole discretion, in connection with the transactions contemplated hereby. 
 6. Ratifications, Borrower Representations and Warranties. 
 6.1 The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the
Loan Agreement and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Agreement are ratified and confirmed and shall continue in full force and effect. The Borrowers and the Lenders agree that the
Loan Agreement and the Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. 
 6.2 To induce the Lenders to enter into this Amendment, the Borrowers ratify and confirm each representation and warranty set forth in the
Loan Agreement as if such representations and warranties were made on the even date herewith, and further represents and warrants (i) that there has occurred since the date of the last financial statements delivered to the Banks no event or
circumstance that has resulted or could reasonably be expected to result in a Material Adverse Effect, (ii) that no Event of Default exists on the date hereof, and (iii) that the Borrower is fully authorized to enter into this Amendment.

 7. Benefits. This Amendment shall be binding upon and inure to the benefit of the Lenders and Borrowers, and their respective
successors and assigns; provided, however, that Borrowers may not, without the prior written consent of the Lenders, assign any rights, powers, duties or obligations under this Amendment, the Loan Agreement or any of the other Loan Documents.

 8. Construction. This Amendment shall be governed by and construed in accordance with the laws of the State of Texas. 

9. Invalid Provisions. If any provision of this Amendment is held to be illegal, invalid or unenforceable under present or future laws, such
provision shall be fully severable and the remaining provisions of this Amendment shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance. 
 10. Entire Agreement. The Loan Agreement, as amended by this Amendment, contains the entire agreement among the parties regarding the subject
matter hereof and supersedes all prior written and oral agreements and understandings among the parties hereto regarding same. 
  

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 11. Reference to Loan Agreement. The Loan Agreement and any and all other agreements, documents or
instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Loan Agreement, as amended hereby, are hereby amended so that any reference in the Loan Agreement to the Loan Agreement shall mean a
reference to the Loan Agreement as amended hereby. 
 12. Counterparts. This Amendment may be separately executed in any number of
counterparts, each of which shall be an original, but all of which, taken together, shall be deemed to constitute one and the same agreement. 
 [The Remainder of this Page Intentionally Left Blank) 
  

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

			
	ASCENT OIL AND GAS INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	SOUTH LOUISIANA PROPERTY HOLDINGS, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT ENERGY HOLDINGS, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT ENERGY LOUISIANA, LLC, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT GP, LLC, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

  

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	ASCENT LP, LLC, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT OPERATING, L.P., as Borrower
		
	By:	 	Ascent GP, LLC,
		 	its general partner
			
		 	By:	 	 /s/ Eddie M. LeBlanc

		 	Name:	 	 Eddie M. LeBlanc

		 	Title:	 	 Vice President, Secretary & Treasurer

	
	PONTOTOC ACQUISITION CORP. as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	PONTOTOC PRODUCTION COMPANY, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	OKLAHOMA BASIC ECONOMY CORPORATION, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

  

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	PONTOTOC HOLDINGS, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	PONTOTOC GATHERING, L.L.C., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	DYNE EXPLORATION COMPANY, as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

	
	ASCENT RESOURCES WV, INC., as Borrower
		
	By:	 	 /s/ Eddie M. LeBlanc

	Name:	 	 Eddie M. LeBlanc

	Title:	 	 Vice President, Secretary & Treasurer

  

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	FORTIS CAPITAL CORP., as Agent and Lender
		
	 By:
	 	 /s/ Darrell Holley

	 Name:
	 	 Darrell Holley

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Scott Myatt

	 Name:
	 	 Scott Myatt

	 Title:
	 	 Vice President

  

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	CAPITAL ONE, N.A., as Lender
		
	 By:
	 	 /s/ Nancy G. Morgas

	 Name:
	 	 Nancy G. Morgas

	 Title:
	 	 Senior Vice President

  

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	THE ROYAL BANK OF SCOTLAND plc, as Lender
		
	By:	 	 /s/ Scott L. Joyce

	Name:	 	 Scott L. Joyce

	Title:	 	 Vice President

  

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	STERLING BANK, as Lender
		
	 By:
	 	 /s/ David W. Phillips

	 Name:
	 	 David W. Phillips

	 Title:
	 	 Senior Vice President

  

 11 

			
	COMPASS BANK, as Lender
		
	 By:
	 	 /s/ Dorothy Marchand

	 Name:
	 	 Dorothy Marchand

	 Title:
	 	 Senior Vice President

  

 12 

			
	FORTIS ENERGY LLC, as Qualified Hedging Counterparty and as Lender for the purposes set forth in Sections 2(e), 8, 17 and 18 of the Loan Agreement
		
	By:	 	 /s/ David Jones

	Name:	 	 David Jones

	Title:	 	 President

		
	By:	 	 /s/ Alan G. Bozian

	Name:	 	 Alan G. Bozian

	Title:	 	 Managing Director

  

 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]