SEC Contract Filing

Filing Date: 2016-09-09

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d259309dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FIRST AMENDMENT TO RESTRUCTURING SUPPORT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This <B>FIRST AMENDMENT TO RESTRUCTURING SUPPORT AGREEMENT</B>, dated as of September&nbsp;8, 2016
(this&nbsp;&#147;<B><I>Amendment</I></B>&#148;), is made and entered into by and among: (i)&nbsp;LinnCo, LLC and Linn Energy, LLC, on behalf of itself and its direct and indirect subsidiaries other than Berry Petroleum Company, LLC
(&#147;<U>Berry</U>&#148;) and Linn Acquisition Company, LLC (&#147;<U>LAC</U>&#148;) (together with its direct and indirect subsidiaries other than Berry and LAC, &#147;<U>LINN</U>&#148;); (ii)&nbsp;Berry and LAC (together with LINN,
the&nbsp;&#147;<U>Company</U>&#148;); (iii)&nbsp;the undersigned holders (together with their permitted successors and assigns, each a &#147;<U>Consenting LINN Lender</U>&#148;) of claims pursuant to that certain Sixth Amended and Restated Credit
Agreement, dated as of April&nbsp;24, 2013, as amended (the&nbsp;&#147;<U>LINN Credit Agreement</U>&#148;); (iv)&nbsp;the undersigned holders (together with their permitted successors and assigns, each a&nbsp;&#147;<U>Consenting Berry
Lender</U>,&#148; and together with the Consenting LINN Lenders, the&nbsp;&#147;<U>Consenting Creditors</U>&#148;) of claims pursuant to that certain Second Amended and Restated Credit Agreement, dated as of November&nbsp;15, 2010, as amended
(the&nbsp;&#147;<U>Berry Credit Agreement</U>&#148;), and amends that certain Restructuring Support Agreement, dated as of May&nbsp;10, 2016, by and among the Company and the Consenting Creditors parties thereto from time to time (as amended,
restated, supplemented or otherwise modified from time to time, the&nbsp;&#147;<U>Restructuring Support Agreement</U>&#148;). Each of the Company and the Consenting Lenders shall be referred to as a &#147;<U>Party</U>&#148; and, collectively, as
the&nbsp;&#147;<U>Parties</U>.&#148; Capitalized terms used but not otherwise defined herein have the meanings ascribed to such terms in the Restructuring Support Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>RECITALS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Section&nbsp;10 of the Restructuring Support Agreement permits modifications and amendments of the Restructuring Support
Agreement by written agreement executed by the&nbsp;Company and the Required Consenting Creditors; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, pursuant to
Section&nbsp;10 of the Restructuring Agreement, the Parties desire to amend the Restructuring Support Agreement as set forth in this Amendment; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS, </B>the Company and the Required Consenting Creditors seek to achieve a consensual plan of reorganization, and the Company is
presently negotiating with one or more transaction counterparties towards that end, including towards the goal of overall improved plan treatment for Consenting Creditors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the covenants and agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, each Party, intending to be legally bound hereby, agrees as follows: </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AGREEMENT </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Section&nbsp;1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Amendment to the Restructuring Agreement </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The initial introduction to Section&nbsp;5.03
and clause (a)&nbsp;of Section&nbsp;5.03 of the Restructuring Support Agreement is hereby amended and restated in its entirety to read as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;5.03 <U>Commitments of the Company</U>. Except as set forth in Section&nbsp;8 hereof, subject to compliance in all material respects by
the other Parties with the terms of this Agreement, and without limiting the mutual commitments set forth in Section&nbsp;5.01 hereof in any respect, the Company hereby covenants and agrees to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) file the Plan (or Plans, if separate), the Plan Solicitation Materials for the Plan (or Plans, if separate), and the motion
or motions to approve the Disclosure Statement (or Disclosure Statements, if separate) on or before 135 days following the Petition Date.&#148; </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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