AMENDMENT NO. 9 TO AGREEMENT AND PLAN OF MERGER

EX-2.1 2 exhibit21amendmentno9.htm EXHIBIT 2.1 Exhibit
Exhibit 2.1

AMENDMENT NO. 9

TO AGREEMENT AND PLAN OF MERGER

THIS AMENDMENT NO. 9 to Agreement and Plan of Merger (this “Amendment”), dated as of March 1, 2016, is made by and among HEYCO Energy Group, Inc., a Delaware corporation (the “Sole Shareholder”), Matador Resources Company, a Texas corporation (“Parent”), and MRC Delaware Resources, LLC, a Texas limited liability company and wholly owned subsidiary of Parent (“MRC Delaware”).
WHEREAS, the Sole Shareholder, Harvey E. Yates Company, a New Mexico corporation (the “Company”), MRC Delaware and Parent entered into that certain Agreement and Plan of Merger, dated as of January 19, 2015, as amended by that certain Amendment No. 1 to the Agreement and Plan of Merger dated as of January 26, 2015, as amended by that certain Amendment No. 2 to the Agreement and Plan of Merger dated as of February 2, 2015, as amended by that certain Amendment No. 3 to the Agreement and Plan of Merger dated as of February 6, 2015, as amended by that certain Amendment No. 4 to the Agreement and Plan of Merger dated as of February 27, 2015, as amended by that certain Amendment No. 5 to the Agreement and Plan of Merger dated as of April 15, 2015, as amended by that certain Amendment No. 6 to the Agreement and Plan of Merger dated as of July 20, 2015, as amended by that certain Amendment No. 7 to the Agreement and Plan of Merger dated as of August 24, 2015 and as amended by that certain Amendment No. 8 to the Agreement and Plan of Merger dated as of September 18, 2015 (as amended, the “Merger Agreement”);
WHEREAS, on February 27, 2015, the transactions contemplated by the Merger Agreement were consummated and the Company merged with and into MRC Delaware;
WHEREAS, pursuant to Section 4.3(a) of the Merger Agreement, Parent delivered to the Sole Shareholder a (i) Pre-Closing Title Defect Notice on or before the Pre-Closing Title Claim Date and (ii) Post-Closing Title Defect Notice on or before the Post-Closing Title Claim Date;
WHEREAS, pursuant to Section 4.3(b)(i) of the Merger Agreement, the Sole Shareholder shall have the right, but not the obligation, to attempt to cure or remove to the reasonable satisfaction of Parent, on or before the Title Cure Date, any Title Defects of which it has received a Pre-Closing Title Defect Notice or a Post-Closing Title Defect Notice;
WHEREAS, as of the date hereof, the parties have agreed upon the Post-Closing Title Adjustment Amount, which amount shall be applied against the Deductible;
WHEREAS, pursuant to Section 13.1 of the Merger Agreement, the parties desire to amend the Merger Agreement in the manner set forth below to extend the Title Cure Date to the date of this Amendment; and
WHEREAS, all capitalized terms used herein without definition shall have the respective meanings given to them in the Merger Agreement;
NOW THEREFORE, in consideration of the premises and mutual covenants and agreements contained herein and in the Merger Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Section 4.3(b)(i) of the Merger Agreement is hereby amended by deleting the words “October 16, 2015” from the first sentence thereto and replacing such words with “March 1, 2016.”




2.The parties acknowledge and agree that the Post-Closing Title Adjustment Amount, which amount shall be applied against the Deductible, is as set forth in that certain Letter, dated the date hereof from Parent to Sole Shareholder.
3.Company Disclosure Schedule 8.3 is hereby amended and restated in its entirety with the Schedule 8.3 attached hereto.
4.Reference is made to that certain Warranty and Indemnification Concerning Oil and Gas Lease attached hereto as Exhibit A made by the Sole Shareholder and dated as of February 25, 2016 (the “Warranty”). The parties agree that, with respect to the lease referred to therein, the Warranty modifies the parties’ representations, warranties and indemnification obligations set out in the Merger Agreement, including with respect to Sections 4.1 and 4.3 thereof.
5.The parties further acknowledge that, except as specifically amended hereby, all terms and conditions of the Merger Agreement remain unchanged and that the Merger Agreement, as amended hereby, is in full force and effect and confirmed in all respects.
6.The following provisions of the Merger Agreement are hereby incorporated into and specifically made applicable to this Amendment (provided, that, in construing such incorporated provisions, any reference to “this Agreement” shall be deemed to refer to this Amendment):
Section 13.1    Amendment and Modification
Section 13.2    Severability
Section 13.6    Counterparts
Section 13.11    Governing Law

[SIGNATURE PAGE FOLLOWS]







IN WITNESS WHEREOF, the undersigned have caused this Amendment to be signed, all as of the date first written above.
SOLE SHAREHOLDER:
 
 
 
 
 
HEYCO ENERGY GROUP, INC.
 
 
 
 
 
 
By:
 
/s/ George M. Yates
 
Name:
 
George M. Yates
 
Title:
 
President
 

PARENT:
 
 
 
 
 
MATADOR RESOURCES COMPANY
 
 
 
 
 
 
By:
 
/s/ Craig N. Adams
 
Name:
 
Craig N. Adams
 
Title:
 
Executive Vice President
 

MERGER SUBSIDIARY:
 
 
 
 
 
MRC DELAWARE RESOURCES, LLC
 
 
 
 
 
 
By:
 
/s/ Craig N. Adams
 
Name:
 
Craig N. Adams
 
Title:
 
Executive Vice President