EXHIBIT 4.7
FIRST AMENDMENT
TO
NOTE PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO NOTE PURCHASE AGREEMENT (this "Amendment"), is
made as of the 22nd day of July, 2004, by and between Quest Cherokee, LLC, a
Delaware limited liability company (the "COMPANY") and Cherokee Energy Partners
LLC, a Delaware limited liability company ("YOU" or "PURCHASER").
RECITALS:
A. The Company and Purchaser are parties to that certain Note Purchase
Agreement dated December 22, 2003 (the "Agreement").
B. The parties desire to amend the Agreement in the respects set forth
herein.
AMENDMENT: The Company and Purchaser hereby agree as follows:
1. The second sentence of the introductory paragraph of Section 7.2 is
hereby amended by deleting such sentence in its entirety and by inserting, in
lieu thereof, the following sentence:
The Company shall have the right to extend the Final Maturity Date until
December 22, 2010, provided that the Company notifies the Purchaser in
writing that it desires to extend the Final Maturity Date, such notice to
be received by the holder of each Junior Note no later than sixty (60)
days prior to the current Final Maturity Date.
2. Section 7.2(d) of the Agreement is hereby amended by deleting the
words "from and after the Senior Term Repayment Date" in their entirety and by
inserting, in lieu thereof, the words "from and after the date all the Term B
Loans have been paid in full" and deleting the words "Section 11" and by
inserting in lieu thereof the words "Section 10".
3. Section 9.1 of the Agreement is hereby amended by deleting the words
"Senior Credit Facilities" in their entirety and by inserting, in lieu thereof,
the words "Bank One Credit Facilities".
4. Section 15(iii) of the Agreement is hereby amended by deleting the
address "5901 X. Xxxxxxx, Xxxxx 000, Xxxxxxxx Xxxx, Xxxxxxxx 00000" and
inserting, in lieu thereof, the address "9520 Xxxxx Xxx Xxx., Xxxxx 000,
Xxxxxxxx Xxxx, Xxxxxxxx 00000."
5. The form of Subordinated Note as set out in Exhibit 1 of the
Agreement is hereby amended by deleting such form in its entirety and by
inserting, in lieu thereof, the form of Amended and Restated Junior Subordinated
Promissory Note as set out in Exhibit 1 attached hereto, which shall be
executed, delivered and accepted simultaneously with the execution and delivery
of this Amendment.
6. The term "BANK ONE CREDIT FACILITIES" is hereby inserted as a new
defined term in Schedule B of the Agreement, as follows:
"BANK ONE CREDIT FACILITIES" means collectively, (i) the
$200,000,000.00 Credit Agreement dated December 22, 2003, among the
Company, the lenders party thereto, and Bank One, NA, as administrative
agent and collateral agent and (ii) the $35,000,000.00 Credit Agreement
dated December 22, 2003, among the Company, the lenders party thereto, and
Bank One, NA, as administrative agent and collateral agent.
7. The term "FINAL MATURITY DATE" as defined in Schedule B of the
Agreement is hereby amended by deleting such defined term in its entirety and by
inserting, in lieu thereof, the following defined term:
"FINAL MATURITY DATE" means the later of (i) October 22, 2010
and (ii) the final maturity date for the Term B Loans permitted under the
Senior Credit Facility, or such later date as extended by the Company
pursuant to Section 7.2.
8. The term "SENIOR CREDIT FACILITIES" as defined in Schedule B of the
Agreement is hereby amended by deleting such defined term in its entirety.
9. The term "SENIOR CREDIT FACILITY" is hereby inserted as a new
defined term in Schedule B of the Agreement, as follows:
"SENIOR CREDIT FACILITY" means that certain Credit Agreement
dated as of July 22, 2004, by and among the Company, as Borrower, other
guarantors party thereto, as Guarantors, the lenders from time to time a
party thereto, UBS Securities LLC, as Arranger, Bookmanager, Documentation
Agent and Syndication Agent, UBS AG, Stamford Branch Agent, as Issuing
Bank, LC Facility Issuing Bank, Administrative Agent and Collateral Agent,
and UBS Loan Finance LLC, as Swingline Lender, as amended, modified or
supplemented from time to time and any replacement, successor or new
credit agreement entered into in connection with the refinancing thereof.
10. The term "SENIOR LOAN DOCUMENTS" as defined in Schedule B of the
Agreement is hereby amended by deleting such defined term in its entirety and by
inserting, in lieu thereof, the following defined term:
"SENIOR LOAN DOCUMENTS" means the Loan Documents as defined in
the Senior Credit Facility.
11. The term "SENIOR SECURED REVOLVING FACILITY" as defined in Schedule
B of the Agreement is hereby amended by deleting such defined term in its
entirety.
12. The term "SENIOR TERM REPAYMENT DATE" as defined in Schedule B of
the Agreement is hereby amended by deleting such defined term in its entirety.
First Amendment to Note Purchase Agreement
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13. The term "TERM B LOAN" is hereby inserted as a new defined term in
Schedule B of the Agreement, as follows:
"TERM B LOAN" means a Term B Loan as defined in the Senior
Credit Facility.
14. The term "TERM FACILITY" as defined in Schedule B of the Agreement
is hereby amended by deleting such defined term in its entirety.
15. The term "TERM NOTES" as defined in Schedule B of the Agreement is
hereby amended by deleting such defined term in its entirety.
16. Except as amended herein, the Agreement shall continue and remain in
full force and effect.
17. Capitalized terms not otherwise defined in this Amendment shall have
the meanings given to such terms in the Agreement.
[The signatures appear on the following page.]
First Amendment to Note Purchase Agreement
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment
as of the date first written above.
QUEST CHEROKEE, LLC
By: /s/ XXXXX X. XXXX
---------------------------------
Xxxxx X. Xxxx, Manager
CHEROKEE ENERGY PARTNERS LLC
By: /s/ XXXXXX X. XXXXXX
---------------------------------
Name: Xxxxxx X. Xxxxxx
Title:
First Amendment to Note Purchase Agreement
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