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 ###-###-####
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
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 wont 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 Founders 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 Buyers 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:
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
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 | Founders | ||||||||||||||||
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 | Founders 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). |