Execution Version
FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED SENIOR SECURED CREDIT AGREEMENT
This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED SENIOR SECURED CREDIT AGREEMENT (this “First Amendment”) is entered into as of January 9, 2025, by and among HALCÓN HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), the other Loan Parties party hereto, the Lenders from time to time party to the Credit Agreement (as defined below) (the “Existing Lenders”), the Incremental Lenders party hereto, FORTRESS CREDIT CORP., a Delaware corporation (in its individual capacity, “Fortress”), and as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and, solely with respect to Article IX-A of the Credit Agreement, BATTALION OIL CORPORATION, a Delaware corporation (“Holdings”).
RECITALS
A.The Borrower, Holdings, the other
Loan Parties party thereto, the Administrative Agent, and the Existing Lenders are parties to that certain Second Amended and Restated Senior Secured Credit Agreement, dated as of December 26, 2024 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “
Credit Agreement”), pursuant to which the Existing Lenders made the Initial Term Loan and certain other accommodations to the Borrower;
B.The Borrower has requested that the Incremental Lenders fund the Incremental Term Loan on the Incremental Term Loan Closing Date in an amount equal to each such Incremental Lender’s Incremental Term Loan Commitment, and the Incremental Lenders are willing to do so subject to the satisfaction of the terms and conditions set forth herein;
C.The Borrower, Holdings, the other Loan Parties party thereto, the Administrative Agent, and the Lenders are parties to that certain Incremental Term Loan Joinder Agreement, dated as of the date hereof (the “Joinder Agreement”), pursuant to which a Meritz Party has agreed to become an Incremental Lender and has agreed to be bound by the terms and conditions of the Credit Agreement and the other Loan Documents as a Lender as if such Incremental Lender had been an original signatory thereto, and has agreed to fund a portion of the Incremental Term Loan to the Borrower on the Incremental Term Loan Closing Date;
D.Certain of the Existing Lenders, each of which are described on Annex I attached hereto and are an Approved Fund and Affiliate of Fortress, have also agreed to become an Incremental Lender and to fund a portion of the Incremental Term Loan to the Borrower on the Incremental Term Loan Closing Date; and
E.The Borrower has requested that the Administrative Agent and the Lenders amend certain provisions of the Credit Agreement as set forth in this First Amendment, and the Administrative Agent and the Lenders are willing to do so subject to the satisfaction of the terms and conditions set forth herein.