SEC Contract Filing

Filing Date: 2022-05-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>wti-20220331xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 5/4/2022 08:43:25 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-size:12pt;">Exhibit 10.1</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;text-align:center;margin:12pt 0pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;">TENTH AMENDMENT TO SIXTH </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;text-align:center;margin:0pt 0pt 12pt 0pt;"><b style="font-size:12pt;font-weight:bold;">AMENDED AND RESTATED CREDIT AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">THIS TENTH AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT AND EXTENSION AGREEMENT (this &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Tenth Amendment</u><font style="font-size:12pt;">&#8221;), dated as of March 8, 2022, is entered into by and among</font> <font style="font-size:12pt;">W&amp;T OFFSHORE, INC., a Texas corporation, as the borrower (the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Borrower</u><font style="font-size:12pt;">&#8221;), the Guarantor Subsidiaries party hereto, CALCULUS LENDING, LLC (the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Lender</u><font style="font-size:12pt;">&#8221;), as Lender and ALTER DOMUS (US) LLC, as agent (in such capacity together with any successors thereto, the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Administrative Agent</u><font style="font-size:12pt;">&#8221;) for the Lender. </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WITNESSETH</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 9.6pt 0pt;"><font style="font-size:12pt;">WHEREAS, the Borrower, the Lender and the Administrative Agent are parties to the Sixth Amended and Restated Credit Agreement, dated as of October 18, 2018 (as amended and modified from time to time prior to the Tenth Amendment Effective Date, the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Existing Credit Agreement</u><font style="font-size:12pt;">&#8221;, and the Existing Credit Agreement, as amended by the amendments set forth in </font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Section 2</u><font style="font-size:12pt;"> of this Tenth Amendment, the &#8220;</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Credit Agreement</u><font style="font-size:12pt;">&#8221;), pursuant to which the Lender agreed to make loans to the Borrower;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 9pt 0pt;"><font style="font-size:12pt;">WHEREAS, the Borrower has requested that the Lender agree to amend the Existing Credit Agreement to extend the Maturity Date to January 3, 2023, with such amendments becoming effective on the Tenth Amendment Effective Date (as defined below); </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 9pt 0pt;"><font style="font-size:12pt;">WHEREAS, the Lender (constituting the sole Lender) and the Administrative Agent are willing to amend the Existing Credit Agreement on the Tenth Amendment Effective Date, subject to the terms and conditions set forth below.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 9pt 0pt;"><font style="font-size:12pt;">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:</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin-bottom:6pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;min-width:72pt;text-decoration-line:none;text-indent:0pt;vertical-align:baseline;white-space:nowrap;">Section 1.</font><u style="font-size:12pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Definitions</u><font style="font-size:12pt;">. 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></div><div style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin-bottom:6pt;margin-left:0pt;text-align:justify;text-inden