SEC Contract Filing

Filing Date: 2024-07-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2418574d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Execution Version</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NINETEENTH AMENDMENT TO SIXTH&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDED AND RESTATED CREDIT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">THIS NINETEENTH AMENDMENT TO
SIXTH AMENDED AND RESTATED CREDIT AGREEMENT (this &ldquo;<U>Nineteenth Amendment</U>&rdquo;), dated as of June&nbsp;28, 2024, is entered
into by and among W&amp;T OFFSHORE,&nbsp;INC., a Texas corporation, as the borrower (the &ldquo;<U>Borrower</U>&rdquo;), the Guarantor
Subsidiaries party hereto, CALCULUS LENDING, LLC as Lender (the &ldquo;<U>Lender</U>&rdquo;), and ALTER DOMUS (US) LLC, as agent (in
such capacity together with any successors thereto, the &ldquo;<U>Administrative Agent</U>&rdquo;) for the Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WITNESSETH</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">WHEREAS, the Borrower, the Lender
and the Administrative Agent are parties to the Sixth Amended and Restated Credit Agreement, dated as of October&nbsp;18, 2018 (as amended
and modified from time to time prior to the Nineteenth Amendment Effective Date (as defined below), the &ldquo;<U>Existing Credit Agreement</U>&rdquo;,
and the Existing Credit Agreement, as amended by the amendments set forth in <U>Section&nbsp;2</U> of this Nineteenth Amendment, the
 &ldquo;<U>Credit Agreement</U>&rdquo;), pursuant to which the Lender agreed to make loans to the Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">WHEREAS, the Borrower has requested
that the Lender agree to amend certain provisions of the Existing Credit Agreement, with such amendments becoming effective on the Nineteenth
Amendment Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Lender (constituting
the sole Lender) and the Administrative Agent are willing to amend the Existing Credit Agreement on the Nineteenth Amendment Effective
Date, subject to the terms and conditions set forth below; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">WHEREAS, subject to the terms
and conditions set forth herein, the Borrower, the Administrative Agent and the Lender (constituting the sole Lender) have agreed to
amend the Existing Credit Agreement in accordance with <U>Section&nbsp;2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&nbsp;1.</FONT>&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Definitions</U>.
Capitalized terms used herein (including in the Recitals hereto), but not defined herein, shall have the meanings as given them in the
Credit Agreement (unless the context otherwise requires) and if not defined in the Credit Agreement, such terms shall have the meanings
as given to them in the Existing Credit Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section&nbsp;2.</FONT>&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Amendment
to Existing Credit Agreement</U>. Subject to the satisfaction of the conditions precedent set forth in <U>Section&nbsp;4</U> below, the
Existing Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example:
<FONT STYLE="color: red"><STRIKE>stricken text</STRIKE></FONT>) and to add the double-underlined text (indicated textually in the same
manner as the following example: <FONT STYLE="text-decoration: underline double; color: #00B0F0">double-underlined text</FONT>) as set
forth in the Credit Agreement attached hereto as <U>Exhibit&nbsp;A</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times,