Hicks Acquisition Company I, Inc. 100 Crescent Court, Suite 1200 Dallas, Texas 75201 Fax: (214 ###-###-#### September 9, 2009

EX-2.1 2 d69131exv2w1.htm EX-2.1 exv2w1
Exhibit 2.1
Hicks Acquisition Company I, Inc.
100 Crescent Court, Suite 1200
Dallas, Texas 75201
Fax: (214 ###-###-####
September 9, 2009
Resolute Holdings, LLC
Resolute Holdings Sub, LLC
Attn: James M. Piccone
1675 Broadway St.
Denver, Colorado 80202
     Re: Purchase and IPO Reorganization Agreement
     Reference is made to that certain Purchase and IPO Reorganization Agreement (the “Acquisition Agreement”), dated as of August 2, 2009, by and among Hicks Acquisition Company I, Inc. (“Buyer”), Resolute Holdings, LLC, Resolute Holdings Sub, LLC (“Seller”), Resolute Aneth, LLC, Resolute Energy Corporation (“IPO Corp.”), Resolute Subsidiary Corporation (“Merger Sub”), and HH-HACI, L.P. (“Founder”). Capitalized terms used herein and not otherwise defined have the meanings assigned to them in the Acquisition Agreement. The undersigned hereby agree as follows:
     Neither Seller nor Buyer shall exercise their rights under Section 9.1(a)(iv) of the Acquisition Agreement at any time prior to October 6, 2009 if the Buyer Stockholder Approval shall have been obtained and the Charter Amendment shall have become effective and in such case, the parties won’t exercise their rights under Section 9.1(a)(iv) of the Acquisition Agreement unless the Closing shall not have occurred by October 6, 2009.
     Notwithstanding Sections 1.5(b), 1.5(c) and 1.6(b) of the Acquisition Agreement requiring (i) the cancellation and forfeiture of 7,335,000 shares of Buyer Common Stock and 4,600,000 Founder’s Warrants held by Founder and (ii) the restriction of 1,865,000 shares of IPO Corp. Common Stock receivable in the Merger in exchange for 1,865,000 shares of Buyer Common Stock held by Founder, the parties hereto hereby acknowledge and agree that such cancellation and forfeiture and such restriction shall be allocated pro rata among Founder and each of Buyer’s independent directors, as reflected on Schedule I hereto.
     The parties hereto acknowledge and agree that except as modified herein, the Acquisition Agreement remains in full force and effect. Please acknowledge your agreement to these terms by signing and returning this letter to the undersigned at the address listed above.
         
  HICKS ACQUISITION COMPANY I, INC.
 
 
  By:   /s/ Joseph B. Armes    
  Name:   Joseph B. Armes   
  Title:   President, Chief Executive Officer and Chief  
     Financial Officer   
 

 


 

                 
Agreed to and Acknowledged:            
 
               
RESOLUTE ENERGY CORPORATION       RESOLUTE SUBSIDIARY CORPORATION
 
               
By:
  /s/ James M. Piccone       By:   /s/ James M. Piccone
 
               
Name:
  James M. Piccone       Name:   James M. Piccone
 
               
Title:
  President       Title:   President
 
               
 
               
Date:
  9/9/09       Date:   9/9/09
 
               
 
               
RESOLUTE ANETH, LLC       RESOLUTE HOLDINGS SUB, LLC
 
               
By:
  /s/ James M. Piccone       By:   /s/ James M. Piccone
 
               
Name:
  James M. Piccone       Name:   James M. Piccone
 
               
Title:
  President       Title:   President
 
               
 
               
Date:
  9/9/09       Date:   9/9/09
 
               
 
               
RESOLUTE HOLDINGS, LLC            
 
               
By:
  /s/ James M. Piccone            
 
               
Name:
  James M. Piccone            
 
               
Title:
  President            
 
               
 
               
Date:
  9/9/09            
 
               

 


 

                 
HH-HACI, L.P.            
 
               
By:
  HH-HACI GP LLC,
its general partner
           
 
               
By:
  /s/ Joseph B. Armes            
 
               
Name:
  Joseph B. Armes            
 
               
Title:
               
 
               
 
               
Date:
  9/9/09            
 
               
Agreed to and Acknowledged, Solely with Respect
to Sections 1.5(b), 1.5(c) and 1.6(b) of the
Acquisition Agreement, as modified by this Letter:
 
/s/ William H. Cunningham
 
William H. Cunningham
 
/s/ William A. Montgomery
 
William A. Montgomery
 
/s/ Brian Mulroney
 
Brian Mulroney
 
/s/ William F. Quinn
 
William F. Quinn
Purchase and IPO Reorganization Agreement
Letter Agreement
Signature Page

 


 

Schedule I
                                         
    Forfeited Common Stock and Warrants / Earnout Shares
    Pre-Closing   Forfeited           Pre-Closing   Forfeited
    Buyer   Buyer Common   Earnout Shares   Founder's   Founder’s
Holder   Common Stock   Stock       Warrants   Warrants
HH-HACI, L.P.
    13,524,000       7,188,300       1,827,700       13,524,000       4,508,000  
William H. Cunningham
    69,000       36,675       9,325       69,000       23,000  
William A. Montgomery
    69,000       36,675       9,325       69,000       23,000  
Brian Mulroney
    69,000       36,675       9,325       69,000       23,000  
William F. Quinn
    69,000       36,675       9,325       69,000       23,000  
 
                                       
Total
    13,800,000       7,335,000       1,865,000       13,800,000       4,600,000  
                                         
    Pre and Post-Closing Ownership in Resolute Energy Corporation (“IPO Corp.”)
    Pre-Closing   Post-Closing1
    Buyer   Buyer   IPO Corp.   IPO Corp.   IPO Corp.
Holder   Common Stock   Founder’s Warrants   Common Stock   Earnout Shares   Founders Warrants
HH-HACI, L.P.
    13,524,000       13,524,000       4,508,000       1,827,700       9,016,000  
William H. Cunningham
    69,000       69,000       23,000       9,325       46,000  
William A. Montgomery
    69,000       69,000       23,000       9,325       46,000  
Brian Mulroney
    69,000       69,000       23,000       9,325       46,000  
William F. Quinn
    69,000       69,000       23,000       9,325       46,000  
 
1   Post-Closing numbers assume none of the holders purchase additional shares of HACI common stock or warrants (in addition to the shares of HACI common stock or warrants issued in connection with the initial public offering of HACI).