Document:

Exhibit

EXHIBIT 10.1

PATTERSON COMPANIES, INC.
Fiscal 2017
Incentive Plan

PLAN PURPOSE 

The objective of Fiscal 2017 Patterson Companies, Inc. (PDCO) Incentive Compensation Plan (the “Plan”) is to encourage greater initiative, resourcefulness, teamwork, and efficiency on the part of its employees. The day-to-day performance and responsibilities of each individual have a direct impact on our internal and external customer satisfaction, sales and operational goals, which ultimately affects the profitability of the company.

ELIGIBILITY 
Participation
This Incentive Program is designed to include designated employees across the organization.  Incentive opportunity for targeted groups of employees is specified in the Plan schedules attached to this document. Newly hired, transferred, or employees who become participants during the Plan year will be eligible on a prorated basis under the respective schedule.

Participation in the Plan is determined by the Chairman and Chief Executive Officer (CEO) of Patterson Companies, Inc. with approval of the Chief Executive Officer (CEO) of each respective subsidiary or operating unit and is based on level of responsibility and organizational impact of the participant. 

Participants are eligible for participation in only one Patterson Companies, Inc. (or subsidiary thereof) incentive, bonus, or other variable pay program, unless so authorized by specific provisions included in this Plan and the respective Patterson Companies, Inc. variable pay Plan document(s).

Award Payments
To receive an award several criteria must be met:
		
	1.
	Employment - To be eligible to receive an award, the individual must be employed by Patterson Companies, Inc., or a subsidiary thereof, on the last day of the fiscal year;

		
	a.
	Job elimination - Participants whose positions are eliminated may, at the discretion of management, be eligible for prorated awards based on tenure in the qualifying position, overall performance level, actual results attained, and other criteria determined by management;

		
	b.
	Job transfer - Participants who transfer into or out of eligible positions within the company may be eligible for prorated awards based on tenure in the qualifying position, overall performance level, actual results attained, and management discretion;

		
	c.
	Job promotion - If an employee is promoted during the plan year and is assigned to a new bonus plan or an increased target bonus percentage, their bonus award will be prorated based on the new base salary. If the promotion results only in a base pay increase, the pay rate as of the beginning of the fiscal year will be used for the bonus calculation.

		
	2.
	Performance - Continued participation in the Plan is dependent upon the participant remaining an employee in good standing as defined by Patterson Companies, Inc. or its subsidiary. To 

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qualify for an award, a participant must have a satisfactory performance rating and not be on a formal performance improvement plan. A participant on written warning or disciplinary status at any time during the Plan year may have his/her incentive award reduced or denied at management’s discretion;
		
	3.
	Ethical and Legal Standards - Participants are required to be in compliance with, and abide by, Patterson Companies, Inc. Code of Ethics and comply with the letter and spirit of its provisions at all times.

No awards are considered earned until the last day of the fiscal year.

BASIS FOR AWARDS
The management of Patterson Companies, Inc. will approve participant objectives and evaluate performance of the business unit. Performance will be evaluated based on the specific goals and measures described in the attached plan schedules, the effective management of customer and employee relations, and compliance with company expectations of good business practices and ethical conduct.

Patterson Companies, Inc. reserves the right to make changes to the Plan at any time, including but not limited to: withdraw or withhold from the Plan any transaction, product or service it might select; revise territories; establish specific account, customer, or portfolio representation; and assign or reassign specific accounts, customers, or portfolios within a participant’s location service area at any time during the fiscal year. 

Goals, incentive targets, territory assignments, and any other factors affecting this Plan may be reviewed and changed at any time during the Plan year.

APPROVAL OF AWARD PAYMENTS
The CEO of each respective subsidiary or operating unit will review and approve all award recommendations prior to submission to payroll for payment. Management may adjust payments at its own discretion to reflect the impact of any event that distorts actual results achieved and effective management of customer and employee relations. All awards are paid at the discretion of management.

DISTRIBUTION OF AWARD PAYMENTS
Generally, awards are calculated following the end of the fiscal year and payments are scheduled within 75 days after the end of the fiscal year. 

Award payments are made by the same means as the individual’s normal payroll. Applicable withholdings are deducted from all payments. Payments made under this Plan will be used in the calculation of benefits only as allowed under the applicable benefit plan. Awards are considered as earned by the participant on the last day of the fiscal year.

Generally, awards are determined and paid according to the provisions of this Plan document. Any exceptions require the approval of the President of each respective subsidiary or operating unit. 

CHANGES IN EMPLOYMENT STATUS 
In the event a participant dies, becomes disabled (as defined by Patterson’s Group Long Term Disability Plan provisions), retires, or is on a leave of absence (as defined by applicable Patterson policies), he/she may be eligible for an award based on management's discretionary review of the participant’s actual performance and actual work done while at work. In the event of death, the award payment, if any, is issued in the name of the deceased and made payable to the estate.

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ADOPTION AND ADMINISTRATION
The Chairman and CEO of Patterson Companies, Inc., and the CEO of the subsidiary or operating unit, or the Chief Human Resources Officer on their behalf, must approve the attached Plan schedules. The Plan schedules are effective for each fiscal year of the company and are updated annually.
The CEO of each respective subsidiary or operating unit holds general authority and on-going responsibility for Plan administration. Any exceptions to the provisions in this Plan require approval of the Chairman and CEO of Patterson Companies, Inc. and the CEO of the respective subsidiary or operating unit. The foregoing officers and the Executive Vice President of Patterson Companies, Inc., or the Chief Human Resources Officer acting on their behalf, have the authority to interpret the terms of this Plan.

This Plan supersedes all prior Incentive Plans. No agreements or understandings will modify this Plan unless they are in writing and approved by the Chairman and CEO of Patterson Companies, Inc. and the CEO of the respective subsidiary or operating unit. This Plan is reviewed annually to determine the appropriateness of future continuation.

NO CONTRACT
Participation in this Plan does not constitute a contract of employment and shall not affect the right of Patterson Companies, Inc. to discharge, transfer, or change the position of a participant. The employment of any person participating in the Plan may be terminated at any time and no promise or representation is made regarding continued employment because of participation in the Plan. 

The Plan shall not be construed to limit or prevent Patterson Companies, Inc. from adopting or changing, from time to time, any rules, standards, or procedures affecting a participant's employment with Patterson Companies, Inc. or any Patterson Companies, Inc. affiliate, including those which affect award payments, with or without notice to the participant.

ETHICAL AND LEGAL STANDARDS
A participant shall not pay, offer to pay, assign or give any part of his/her compensation or any other money to any agent, customer, or representative of the customer or any other person as an inducement or reward for assistance in making a sale. Moreover, no rights under this Plan shall be assignable or subject to any pledge or encumbrance of any nature.

If a participant fails to comply with the Patterson Companies, Inc. Code of Ethics or the provisions included in this Plan document or violates any other company policy, his/her award may be adjusted, reduced, or denied at the discretion of Patterson Companies, Inc. management.

Approved

/s/ Scott P. Anderson                        /s/ Ann Gugino        
Scott P. Anderson                        Ann Gugino
Chairman & Chief Executive Officer                Chief Financial Officer and                                            Executive Vice President

June 17, 2016                            June 6, 2016            
Date                                Date

                                                                                                                                                                                    3EXHIBIT 10.13

 

ELEVENTH AMENDMENT TO LOAN AGREEMENT

 

This ELEVENTH AMENDMENT
TO LOAN AGREEMENT (this “Amendment”) is entered into as of March 8, 2017 (the “Eleventh Amendment
Effective Date”), among MEXCO ENERGY CORPORATION, FORMAN ENERGY CORPORATION, SOUTHWEST TEXAS DISPOSAL
CORPORATION and TBO OIL & GAS, LLC (collectively, “Borrowers” and each, individually, a “Borrower”)
and BANK OF AMERICA, N.A. (“Bank”).

 

WHEREAS, Borrowers and
Bank are parties to that certain Loan Agreement dated as of December 31, 2008, as amended by First Amendment to Loan Agreement
dated as of December 28, 2009, Second Amendment to Loan Agreement dated as of March 1, 2010, Third Amendment to Loan Agreement
dated as of September 30, 2010, Fourth Amendment to Loan Agreement dated as of October 22, 2010, Fifth Amendment to Loan Agreement
dated as of December 28, 2011, Sixth Amendment to Loan Agreement dated as of October 22, 2012, Seventh Amendment to Loan Agreement
dated as of October 25, 2013, Eighth Amendment to Loan Agreement dated as of September 10, 2014, Ninth Amendment to Loan Agreement
dated as of February 13, 2015, and Tenth Amendment to Loan Agreement dated as of March 31, 2016 (as so amended, the “Loan
Agreement”);

 

WHEREAS, Borrowers have
requested that Bank amend the Loan Agreement as hereinafter provided;

 

WHEREAS, Mexco Energy Corporation
(“Mexco”) desires to sell its interest in Section 14, T-9-N, R-6-W, Grady County, Oklahoma, and Section 18, T-11-N,
R-8-W, Canadian County, Oklahoma (collectively, the “Subject Sales”), which are not permitted under Section 7.11(e)
of the Loan Agreement unless Bank consents thereto;

 

WHEREAS, Borrowers have
requested that Bank consent to the Subject Sales;

 

WHEREAS, subject to the
terms and conditions set forth herein, Bank is willing to agree to such amendments and to consent to the Subject Sales (the “Consent”);
and

 

WHEREAS, Borrowers and
Bank acknowledge that the terms of this Amendment constitute an amendment and modification of, and not a novation of, the Loan
Agreement.

 

NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

SECTION
1. Definitions. Unless otherwise defined in this Amendment, terms used in this
Amendment that are defined in the Loan Agreement shall have the meanings assigned to such terms in the Loan Agreement.

 

SECTION
2. Amendments to the Loan Agreement. Subject to satisfaction of the conditions
of effectiveness set forth in Section 3 of this Amendment, the parties hereto agree that:

 

(a)
The last sentence of Section 1.3(d)(ii)(B) of the Loan Agreement is hereby amended
and restated in its entirety to read as follows:

 

Together with such mortgages and
deeds of trust, Borrowers shall deliver to Bank title opinions and/or other title information and data acceptable to Bank such
that Bank shall have received, together with the title information previously delivered to Bank, acceptable title information regarding
the proved developed producing and proved developed non-producing oil and gas properties of Borrowers that are evaluated in the
most recent engineering report delivered to Bank and are subject to a lien in favor of Bank that in the aggregate represent not
less than a PV9 value using Bank’s then current price deck (the “PV9 Value”) of 150% of the Borrowing
Base then in effect.

 

    	 		 

    	 	 	 

    

 

(b)
Section 7.21 of the Loan Agreement is hereby amended and restated in its entirety
to read as follows:

 

7.21
Mortgage and Title Requirements

 

	 	(a)	To secure full the and complete payment and performance of the indebtedness hereunder, Borrowers shall grant a first priority lien (subject to liens permitted hereunder) against the oil and gas properties of Borrower to the extent set forth below pursuant to terms of one or more mortgages or deeds of trust. Borrowers covenant that the aggregate PV9 Value of all proved developed producing and proved developed non-producing oil and gas properties of Borrowers that are evaluated in the most recent engineering report delivered to Bank and are subject to a lien in favor of Bank shall at all times be not less than 150% of the Borrowing Base in effect from time to time. Within thirty (30) days (or such longer time as determined by Bank) after Bank advises Borrowers of the failure to so achieve such percentage and the percentage shortfall thereof, Borrowers shall execute such mortgages or deeds of trust covering additional oil and gas properties sufficient to cover such shortfall. 
	 	 	 
	 	(b)	Without limitation of any other requirements contained in this Agreement, Borrowers shall, upon request by Bank, deliver to Bank title opinions and/or other title information and data acceptable to Bank regarding the proved developed producing and proved developed non-producing oil and gas properties of Borrowers that are evaluated in the most recent engineering report delivered to Bank and are subject to a lien in favor of Bank that in the aggregate represent not less than a PV9 Value of 150% of the Borrowing Base then in effect.

 

SECTION
3. Conditions of Effectiveness. The amendments set forth in Section 2 of this Amendment,
as well as any other terms and conditions set forth herein, shall be effective as of date first above written, provided that Bank
shall have received the following, which, in each case, shall be in form and substance satisfactory to Bank:

 

(a) a counterpart
of this Amendment executed by each Borrower and Bank;

 

(b) all fees
and expenses required to be paid pursuant to the Loan Agreement, including, without limitation, the fees and expenses of Winstead
PC; and

 

(c) such other
certificates, documents, consents or opinions as Bank reasonably may require.

 

SECTION
4. Limited Consent. Subject to the terms and conditions hereof and upon satisfaction
of the conditions set forth in Section 3, Bank hereby agrees to the Consent. Except as expressly stated herein, the Consent
shall not be construed as a consent to or waiver of any default, event of default or breach which may now exist or hereafter occur
or any violation of any term, covenant or provision of the Loan Agreement or any other document executed in connection therewith.
All rights and remedies of Bank are hereby expressly reserved with respect to any such default, event of default or breach. The
Consent does not affect or diminish the right of Bank to require strict performance by Borrower or each other guarantor of each
provision of the Loan Agreement and each other document executed in connection therewith to which it is a party, except as expressly
provided herein, and shall not be construed as a course of dealing between Bank and any Borrower or guarantor. All terms and provisions
of, and all rights and remedies of Bank under, the Loan Agreement and each other document executed in connection therewith shall
continue in full force and effect and are hereby confirmed and ratified in all respects.

 

SECTION
5. Acknowledgment and Ratification. As a material inducement to Bank to execute
and deliver this Amendment, each Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment
shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of
any Borrower under the Loan Agreement and each other document executed in connection therewith, which documents shall remain in
full force and effect.

 

SECTION
6. Borrowers’ Representations and Warranties. As a material inducement
to Bank to execute and deliver this Amendment, each Borrower represents and warrants to Bank (with the knowledge and intent that
Bank is relying upon the same in entering into this Amendment) that, as of the date of its execution of this Amendment:

 

(a)
This Amendment, the Loan Agreement and each of the other documents executed in connection therewith
to which such Borrower is a party, have each been duly executed and delivered by such Borrower’s duly authorized officers
and constitute the valid and binding obligations of such Borrower, enforceable against such Borrower in accordance with their respective
terms, except as enforcement thereof may be limited by applicable bankruptcy and insolvency laws and by general principles of equity
(regardless of whether enforcement is considered in a proceeding at law or in equity).

 

    	 		 

    	 	 	 

    

 

(b)
The representations and warranties set forth in Section 6 of the Loan Agreement are true and correct in all material respects,
after giving effect to this Amendment, as if made on and as of the Eleventh Amendment Effective Date (except to the extent such
representations and warranties relate solely to an earlier date, in which case, they are true and correct in all material respects
as of such date).

 

(c)
At the time of and after giving effect to this Amendment, no default or event of default under the Loan Agreement exists.

 

(d)
The execution, delivery and performance of this Amendment are within such Borrower’s corporate or limited liability company
power, as the case may be, have been duly authorized, are not in contravention of any law applicable to such Borrower or the terms
of such Borrower’s organizational documents and, except as have been previously obtained, do not require the consent or
approval of any governmental authority or any other person or entity except to the extent that such consent or approval is not
material to the transactions contemplated by this Amendment.

 

SECTION
7. Bank Makes No Representations or Warranties. By execution of this Amendment, Bank does not (a) make any representation
or warranty or assume any responsibility with respect to any statements, warranties, or representations made in or in connection
with this Amendment, the Loan Agreement or the other documents executed in connection therewith or the execution, legality, validity,
enforceability, genuineness, sufficiency, or value of this Amendment, the Loan Agreement, the other documents executed in connection
therewith, or (b) make any representation or warranty or assume any responsibility with respect to the financial condition of any
Borrower or any other person or entity or the performance or observance by such person or entity of any of their obligations under
the Loan Agreement or the other documents executed in connection therewith.

 

SECTION
8. Effect of Amendment. This Amendment, except as expressly provided herein, (a) shall not be deemed to be a consent to
the modification or a waiver of any other term or condition of the Loan Agreement or any other document executed in connection
therewith, (b) shall not prejudice any right or rights which Bank may now or hereafter have under or in connection with the Loan
Agreement or any other document executed in connection therewith, and (c) shall not be deemed to be a waiver of any existing or
future default or event of default under the Loan Agreement or any other document executed in connection therewith.

 

SECTION 9. Release. As a material part
of the consideration for Bank entering into this Amendment, each Borrower (collectively “Releasor”) agrees as
follows (the “Release Provision”):

 

(a)
RELEASOR HEREBY RELEASES AND FOREVER DISCHARGES BANK AND ITS PREDECESSORS, SUCCESSORS, ASSIGNS, OFFICERS, MANAGERS, DIRECTORS,
SHAREHOLDERS, EMPLOYEES, AGENTS, ATTORNEYS, REPRESENTATIVES, PARENT CORPORATIONS, SUBSIDIARIES, AND AFFILIATES (HEREINAFTER ALL
OF THE ABOVE COLLECTIVELY REFERRED TO AS “RELEASED PARTIES”) JOINTLY AND SEVERALLY FROM ANY AND ALL CLAIMS,
COUNTERCLAIMS, DEMANDS, DAMAGES, DEBTS, AGREEMENTS, COVENANTS, SUITS, CONTRACTS, OBLIGATIONS, LIABILITIES, ACCOUNTS, OFFSETS, RIGHTS,
ACTIONS, AND CAUSES OF ACTION OF ANY NATURE WHATSOEVER OCCURRING PRIOR TO THE DATE HEREOF, INCLUDING, WITHOUT LIMITATION, ALL CLAIMS,
DEMANDS, AND CAUSES OF ACTION FOR CONTRIBUTION AND INDEMNITY, WHETHER ARISING AT LAW OR IN EQUITY, PRESENTLY POSSESSED, WHETHER
KNOWN OR UNKNOWN, WHETHER LIABILITY BE DIRECT OR INDIRECT, LIQUIDATED OR UNLIQUIDATED, PRESENTLY ACCRUED, WHETHER ABSOLUTE OR CONTINGENT,
FORESEEN OR UNFORESEEN, AND WHETHER OR NOT HERETOFORE ASSERTED (“CLAIMS”), WHICH RELEASOR MAY HAVE OR CLAIM
TO HAVE AGAINST ANY RELEASED PARTIES.

 

(b)
Releasor agrees not to sue any Released Parties or in any way assist any other person or entity in suing any Released Parties with
respect to any Claim released herein. The Release Provision may be pleaded as a full and complete defense to, and may be used as
the basis for an injunction against, any action, suit, or other proceeding which may be instituted, prosecuted, or attempted in
breach of the release contained herein.

 

    	 		 

    	 	 	 

    

 

(c) Releasor acknowledges, warrants,
and represents to Released Parties that:

 

(i)
Releasor has read and understands the effect of the Release Provision. Releasor has had the assistance of independent counsel of
its own choice, or has had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the
terms of the Release Provision; and if counsel was retained, counsel for Releasor has read and considered the Release Provision
and advised Releasor to execute the same. Before execution of this Amendment, Releasor has had adequate opportunity to make whatever
investigation or inquiry it may deem necessary or desirable in connection with the subject matter of the Release Provision.

 

(ii)
Releasor is not acting in reliance on any representation, understanding, or agreement not expressly set forth herein. Releasor
acknowledges that Released Parties have not made any representation with respect to the Release Provision except as expressly set
forth herein.

 

(ii)
Releasor has executed this Amendment and the Release Provision thereof as its free and voluntary act, without any duress, coercion,
or undue influence exerted by or on behalf of any person or entity.

 

(iii)
Releasor is the sole owner of the Claims released by the Release Provision, and Releasor has not heretofore conveyed or assigned
any interest in any such Claims to any other person or entity.

 

(d) Releasor understands
that the Release Provision was a material consideration in the agreement of Bank to enter into this Amendment.

 

(e) It is the express intent
of Releasor that the release and discharge set forth in the Release Provision be construed as broadly as possible in favor of the
Released Parties so as to foreclose forever the assertion by Releasor of any claims released hereby against Released Parties.

 

(f) If any term, provision,
covenant, or condition of the Release Provision is held by a court of competent jurisdiction to be invalid, illegal, or unenforceable,
the remainder of the provisions shall remain in full force and effect.

 

SECTION 10. WAIVER OF
JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH BORROWER HEREBY IRREVOCABLY AND EXPRESSLY WAIVES ALL RIGHT
TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF
OR RELATING TO THIS AMENDMENT, THE LOAN AGREEMENT OR ANY OF THE DOCUMENTS EXECUTED IN CONNECTION THEREWITH OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY OR THE ACTIONS OF BANK IN THE NEGOTIATION, ADMINISTRATION, OR ENFORCEMENT HEREOF OR THEREOF.

 

SECTION 11. Miscellaneous.
This Amendment shall be governed by, and construed in accordance with, the laws of the State of Texas. The captions in this Amendment
are for convenience of reference only and shall not define or limit the provisions hereof. This Amendment may be executed in separate
counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one
instrument. In evidencing this Amendment, it shall not be necessary to produce or account for more than one such counterpart. This
Amendment, and any documents required or requested to be delivered pursuant to Section 3 hereof, may be delivered by facsimile
or pdf transmission of the relevant signature pages hereof and thereof, as applicable.

 

SECTION 12. Ratification.
Each Borrower ratifies and acknowledges that the Loan Agreement and each other document executed in connection therewith to which
it is a party are valid, subsisting and enforceable.

 

[Remainder
of page intentionally left blank. Signature pages follow.]

 

    	 		 

    	 	 	 

    

 

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 date and year first above written.

 

	 	BORROWERS:
	 	 
	 	MEXCO ENERGY CORPORATION
	 	 	 
	 	By:	/s/ Nicholas C. Taylor
	 	 	Nicholas C. Taylor
	 	 	Chairman of the Board and
	 	 	Chief Executive Officer
	 	 	 
	 	FORMAN ENERGY CORPORATION
	 	 	 
	 	By:	/s/ Nicholas C. Taylor 
	 	 	Nicholas C. Taylor
	 	 	Chairman of the Board and
	 	 	Chief Executive Officer
	 	 	 
	 	SOUTHWEST TEXAS DISPOSAL CORPORATION
	 	 	 
	 	By:	/s/ Nicholas C. Taylor
	 	 	Nicholas C. Taylor
	 	 	Chairman of the Board and
	 	 	Chief Executive Officer
	 	 	 
	 	TBO OIL & GAS, LLC
	 	 	 
	 	By:	/s/ Nicholas C. Taylor
	 	 	Nicholas C. Taylor
	 	 	Chairman of the Board and
	 	 	Chief Executive Officer

 

	 	BANK:
	 	 
	 	BANK
    OF AMERICA, N.A.
	 	 	 
	 	By:	/s/
    Edna Aguilar Mitchell
	 	 	Edna
    Aguilar Mitchell
	 	 	Director

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