SEC Contract Filing

Filing Date: 2021-03-10

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm218814d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 10.1</B></P>

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<P STYLE="text-align: right; margin: 0pt"><B><I>Execution Version</I></B></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>RESTRUCTURING SUPPORT AGREEMENT</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Restructuring Support
Agreement (including the exhibits attached hereto, as the same may be amended, modified or supplemented from time to time in accordance
with the terms hereof and thereof, this &#8220;<B><U>Agreement</U></B>&#8221;), dated as of March 9, 2021, is entered into by and
among (i) Sundance Energy Inc., a Delaware corporation (&#8220;<B><U>Parent</U></B>&#8221;), (ii) each direct and indirect wholly-owned,
domestic subsidiary of Parent party hereto (each a &#8220;<B><U>Sundance Subsidiary</U></B>&#8221;, and together with Parent, the
 &#8220;<B><U>Company</U></B>&#8221;), (iii) the Prepetition RBL Agent (as defined below), in its capacity as such, (iv)&nbsp;the
Prepetition RBL Lenders (as defined below) party hereto (the &#8220;<B><U>Consenting RBL Lenders</U></B>&#8221;), (v)&nbsp;the
Prepetition Term Loan Agent (as defined below), in its capacity as such, and (vi)&nbsp;the Prepetition Term Lenders (as defined
below) party hereto (the &#8220;<B><U>Consenting Term Lenders</U></B>&#8221;). Each of the foregoing are referred to herein individually
as a &#8220;<B><U>Party</U></B>&#8221;, and collectively as the &#8220;<B><U>Parties</U></B>.&#8221;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, reference is
made to that certain Credit Agreement, dated as of July 18, 2018 (as amended, modified, or supplemented from time to time), by
and among Parent, Sundance Energy, Inc., a Colorado corporation, as borrower, the guarantors party thereto from time to time, Toronto
Dominion (Texas) LLC, as successor administrative agent to Natixis, New York Branch (in such capacity, together with any successor
agent, the &#8220;<B><U>Prepetition RBL Agent</U></B>&#8221;), and the lenders party thereto from time to time (the &#8220;<B><U>Prepetition
RBL Lenders</U></B>,&#8221; and such agreement, as amended, modified, or supplemented from time to time in accordance with the
terms thereof and hereof, the &#8220;<B><U>Prepetition RBL Credit Agreement</U></B>,&#8221; and such facility thereunder, the &#8220;<B><U>Prepetition
RBL Facility</U></B>&#8221;). Any and all claims and obligations arising under or in connection with the Prepetition RBL Credit
Agreement and related loan documents are defined herein as the &#8220;<B><U>Prepetition RBL Claims</U></B>.&#8221; As of the date
hereof, the Prepetition RBL Facility had an aggregate principal amount outstanding of approximately $146,950,000.00 (the &#8220;<B><U>Aggregate
Outstanding RBL Amount</U></B>&#8221;), plus accrued but unpaid interest, fees, costs, and expenses;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, reference is
made to that certain Amended &amp; Restated Term Loan Credit Agreement, dated as of April 23, 2018 (as amended, modified, or supplemented
from time to time), by and among Parent, Sundance Energy, Inc., a Colorado corporation, as borrower, the guarantors party thereto
from time to time, Morgan Stanley Capital Administrators Inc. as administrative agent (in such capacity, together with any successor
agent, the &#8220;<B><U>Prepetition Term Loan Agent</U></B>&#8221;), and the lenders party thereto from time to time (the &#8220;<B><U>Prepetition
Term Lenders</U></B>,&#8221; and such agreement, as amended, modified, or supplemented from time to time in accordance with the
terms thereof and hereof, the &#8220;<B><U>Prepetition Term Loan Credit Agreement</U></B>,&#8221; and such facility thereunder,
the &#8220;<B><U>Prepetition Term Loan Facility</U></B>&#8221;). Any and all claims and obligations arising under or in connection
with the Prepetition Term Loan Credit Agreement and related loan documents are defined herein as the &#8220;<B><U>Prepetition Term
Loan Claims</U></B>.&#8221; As of the date hereof, the Prepetition Term Loan Facility had an aggregate principal amount outstanding
of approximately $252,997,054.45 (the &#8220;<B><U>Aggregate Outstanding Term Loan Amount</U></B>&#8221;), plus accrued but unpaid
interest, fees, costs, and expenses;</P>

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