SEC Contract Filing

Filing Date: 2015-02-23

Document Content:
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<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>a14-26426_1ex10d9.htm
<DESCRIPTION>EX-10.9
<TEXT>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.9</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ASSUMPTION AND RATIFICATION AGREEMENT</font></u></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THIS ASSUMPTION AND RATIFICATION AGREEMENT (this &#147;<u>Agreement</u>&#148;), dated as of April&nbsp;30, 2014, is made and entered into by EPE Acquisition, LLC, a Delaware limited liability company (successor-by-merger to EPE Holdings, LLC, a Delaware limited liability company) (the &#147;<u>Company</u>&#148;), in favor of the Secured Parties (as defined in the Credit Agreement referenced below).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">W</font></u><font size="2" style="font-size:10.0pt;"> <u>I</u> <u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H:</u></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS</font><font size="2" style="font-size:10.0pt;">, EPE Holdings LLC, a Delaware limited liability company (&#147;<u>Holdings</u>&#148;), EP Energy LLC, a Delaware limited liability company and wholly owned subsidiary of Holdings (the &#147;<u>Borrower</u>&#148;), the lenders party thereto (the &#147;<u>Lenders</u>&#148;), and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders, as collateral agent for the Lenders (the &#147;<u>Collateral Agent</u>&#148;), as the swing line lender and as an issuer of Letters of Credit have entered into a certain Credit Agreement dated as of May&nbsp;24,&nbsp;2012 (as amended, restated, supplemented or modified from time to time, the &#147;<u>Credit Agreement</u>&#148;), pursuant to which loans have been made by the Lenders to Borrower and letters of credit will be issued under the several responsibilities of the Lenders for the account of Borrower and for the benefit of Borrower and its Restricted Subsidiaries from time to time; and</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to the terms of the Credit Agreement, (i)&nbsp;Holdings executed and delivered a certain Guarantee Agreement dated as of May&nbsp;24, 2012 (as amended, supplemented or modified from time to time, the &#147;<u>Guaranty</u>&#148;) and (ii)&nbsp;Holdings, as one of the pledgors, executed and delivered a certain Collateral Agreement in favor of the Collateral Agent for the benefit of the Secured Parties dated as of May&nbsp;24, 2012 (as amended, restated, supplemented or modified from time to time, the &#147;<u>Collateral Agreement</u>&#148;; the agreements described in the foregoing clauses (i)&nbsp;and (ii), collectively, the &#147;<u>Subject Documents</u>&#148;); and</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to a certain Agreement and Plan of Merger dated April&nbsp;16, 2014, Holdings has merged with and into the Company, with the Company as the surviving entity; and</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the merger was consummated on April&nbsp;30, 2014 (the &#147;<u>Merger Date</u>&#148;) and on such date the Company, as successor-by-merger to Holdings, became responsible for all of the obligations of Holdings that existed as of the Merger Date; and</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the terms defined in the Credit Agreement and not otherwise defined herein are used herein with the meanings as so defined in the Credit Agreement;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, the Company hereby agrees as follows:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" st