SEC Contract Filing

Filing Date: 2017-11-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>debtamendmentno1q32017.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="sC0A8B77338D2E209247F748D8B251812"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.2</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">Execution Version</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT NO. 1, MASTER ASSIGNEMENT, AND AGREEMENT TO AMENDED AND RESTATED CREDIT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Amendment No. 1, Master Assignment, and Agreement to Amended and Restated Credit Agreement (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;) dated as of October 26, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:11pt;">&#8221;), is among Jagged Peak Energy LLC, a Delaware limited liability company (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the guarantors party hereto (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Guarantors</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Wells Fargo Bank, National Association, as administrative agent (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and as issuing lender (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Issuing Lender</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the Lenders (as defined below), the Assignors (as defined below), and the Assignees (as defined below).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">A.&#160;&#160;&#160;&#160;Reference is made to that certain Amended and Restated Credit Agreement (as amended, restated, supplemented, or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;) dated as of February 1, 2017 among the Borrower, the Administrative Agent, the Issuing Lender and the financial institutions party thereto as lenders from time to time (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221;). Each term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Credit Agreement, unless expressly provided to the contrary.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Borrower has requested that the Lenders agree to increase the Borrowing Base under the Credit Agreement, and, to provide for the increase in the Borrowing Base, the Assignors (as defined below) wish to assign certain percentages of their respective rights and obligations under the Credit Agreement as a Lender to the Assignees (as defined below) pursuant to the terms hereof. </font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:0px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:11pt;padding-right:48px;">a.</font><font style="font-family:inherit;font-size:11pt;">The parties hereto wish to, subject to the terms and conditions of this Agreement, (i)&#160;increase the Borrowing Base and (ii)&#160;amend the Credit Agreement as provided herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THEREFORE, the parties hereto hereby agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:11pt;font-weight:bold;padding-right:96px;">Section 1.</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Defined Terms; Other Definitional Provisions</font><font style="font-family:inherit;font-size:11pt;">. As used in this Agreement, each of the terms defined in the opening paragraph and the Recitals above shall have the meanings assigned to such terms therein. Article, Section, Schedule, and Exhibit references are to Articles and Sections of and S