Loan Transfer Agreement among PostRock MidContinent Production, LLC, PostRock Energy Services Corporation, Royal Bank of Canada, and Others (September 21, 2010)
This agreement, dated September 21, 2010, is between PostRock MidContinent Production, LLC, PostRock Energy Services Corporation, Royal Bank of Canada (as agent), and other related parties. It documents the transfer and assignment of certain loans and related security interests from the Second Lien Lenders to the Borrowing Base Facility Agent for the benefit of new lenders. The agreement outlines the history of the loans, the properties securing them, and the obligations of the parties involved in the transfer. The main purpose is to formalize the transfer of debt and collateral rights among the parties.
Transfer Agreement
Transfer Agreement
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(b) KeyBank National Association $23,172,912.26;
(c) Société Générale $21,356,674.92;
(d) Amegy Bank National Association $13,592,615.70;
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Transfer Agreement
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Transfer Agreement
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PMP: | POSTROCK MIDCONTINENT PRODUCTION, LLC, a Delaware limited liability company, f/k/a Bluestem Pipeline, LLC, successor by merger to Quest Cherokee, LLC, the successor by merger to a related entity named PostRock MidContinent Production, LLC, the successor by conversion to Quest Energy Partners, L.P., a guarantor | |||||
By: | POSTROCK ENERGY SERVICES CORPORATION, its sole member | |||||
By: | /s/ David C. Lawler | |||||
President and Chief Executive Officer | ||||||
PESC: | POSTROCK ENERGY SERVICES CORPORATION, a Delaware corporation, the successor by merger to Quest Cherokee Oilfield Service, LLC, a guarantor | |||||
By: | /s/ David C. Lawler | |||||
President and Chief Executive Officer |
Transfer Agreement
Signature Page 1
SECOND LIEN AGENT: | ROYAL BANK OF CANADA, As Administrative Agent and Collateral Agent | |||||
By: | /s/ Susan Khokher | |||||
Name: | Susan Khokher | |||||
Title: | Manager, Agency |
Transfer Agreement
Signature Page 2
SECOND LIEN LENDER: | ROYAL BANK OF CANADA | |||||
By: | /s/ Leslie P. Vowell | |||||
Attorney-in-Fact |
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Signature Page 3
SECOND LIEN LENDER: | KEYBANK NATIONAL ASSOCIATION | |||||
By: | /s/ Robert F. Pollis, Jr. | |||||
Name: | Robert F. Pollis, Jr. | |||||
Title: | Senior Vice President |
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Signature Page 4
SECOND LIEN LENDER: | SOCIÉTÉ GÉNÉRALE | |||||
By: | /s/ Cameron Null | |||||
Name: | Cameron Null | |||||
Title: | Vice President |
Transfer Agreement
Signature Page 5
SECOND LIEN LENDER: | AMEGY BANK NATIONAL ASSOCIATION | |||||
By: | /s/ Terry Owen McCarter | |||||
Name: | Terry Owen McCarter | |||||
Title: | Senior Vice President |
Transfer Agreement
Signature Page 6
BORROWING BASE FACILITY AGENT: | ROYAL BANK OF CANADA, As Administrative Agent and Collateral Agent for the New Lenders | |||||
By: | /s/ Susan Khokher | |||||
Name: | Susan Khokher | |||||
Title: | Manager, Agency |
Transfer Agreement
Signature Page 7
1. | $13,333,333.34 Promissory Note dated November 15, 2007 executed by Quest Cherokee, LLC, payable to the order of Royal Bank of Canada; | ||
2. | $13,333,333.33 Promissory Note dated November 15, 2007 executed by Quest Cherokee, LLC, payable to the order of KeyBank National Association; | ||
3. | $13,333,333.33 Promissory Note dated November 15, 2007 executed by Quest Cherokee, LLC, payable to the order of Sociètè Gènèrale; and | ||
4. | $5,000,000.00 Promissory Note dated November 15, 2007 executed by Quest Cherokee, LLC, payable to the order of Amegy Bank National Association. |
Transfer Agreement
Exhibit A-1
1. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Chautauqua County, Kansas on November 14, 2005, in Book 129, Page 442; as amended by a First Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Chautauqua County, Kansas on August 10, 2006, in Book 132, Page 715; as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Chautauqua County, Kansas on December 7, 2007, in Book 139, Page 450. |
2. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Chautauqua County, Kansas on July 25, 2008, in Book 141, Page 747. |
3. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Elk County, Kansas on November 14, 2005, in Book 114, Page 700; as amended by a First Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Elk County, Kansas on August 10, 2006, in Book 115, Page 637; as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Elk County, Kansas on December 5, 2007, in Book 118, Page 1. |
4. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Elk County, Kansas on July 21, 2008, in Book 119, Page 121. |
5. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Labette County, Kansas on November 14, 2005, in Book 358, Page 26, under Document No. 0022983; as amended by a First Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as |
Transfer Agreement
Exhibit B Page 1
Mortgagee, filed in Labette County, Kansas on August 16, 2006, in Book 368, Page 46, under Document No. 0026263, as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Labette, Kansas on December 7, 2007, in Book 385, Page 26, as amended by that Third Amendment to Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement dated September 1, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Labette County, Kansas on September 24, 2008, Book 395, Page 47, under Document No. 34531. |
6. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Labette County, Kansas on July 31, 2008, in Book 393, Page 49, as amended by that First Amendment to Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated September 1, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Labette County, Kansas on September 24, 2008, in Book 395, Page 46, under Document No. 34530. |
7. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Montgomery County, Kansas on November 14, 2005, in Book 553, Page 81; as amended by a First Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Montgomery County, Kansas on August 16, 2006, in Book 559, Page 684, as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Montgomery, Kansas on December 14, 2007, in Book 572, Page 381, as amended by that Third Amendment to Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement dated September 1, 2008 from Quest Cherokee, LLC, as Mortgagor to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee filed in Montgomery County, Kansas on September 24, 2008, Book 579, Page 501. |
8. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Montgomery County, Kansas on July 25, 2008, in Book 578, Page 143, as amended by that First Amendment to Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated September 1, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Montgomery County, Kansas on September 24, 2008, in Book 579, Page 500. |
9. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Neosho County, Kansas on November 14, 2005, in Book 358, Page 1; as amended by a First Amendment |
Transfer Agreement
Exhibit B Page 2
to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Neosho County, Kansas on August 15, 2006, in Book 374, Page 1; as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Neosho County, Kansas on December 5, 2007, in Book 400, Pages 8-521, under Document ID No. 8105. |
10. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Neosho County, Kansas on July 24, 2008, in Book 412, Pages 1-528, under Document ID No. 10662. |
11. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Wilson County, Kansas on November 14, 2005, in Book 290, Page 258; as amended by a First Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Wilson County, Kansas on August 9, 2006, in Book 300, Page 275; as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Wilson County, Kansas on December 10, 2007, in Book 318, Page 325. |
12. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Wilson County, Kansas on July 24, 2008, in Book 326, Page 1. |
13. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Woodson County, Kansas on November 14, 2005, in Book 99, Page 198; as amended by a First Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as Collateral Agent for Secured Parties, as Mortgagee, filed in Woodson County, Kansas on August 10, 2006, in Book 100, Page 485; as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Woodson County, Kansas on December 7, 2007, in Book M104, Page(s) 54-90, under Document ID No.  ###-###-####. |
14. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Woodson County, Kansas on July 24, 2008, in Book M105, Page(s) 314-361, under Document ID No.  ###-###-####. |
Transfer Agreement
Exhibit B Page 3
15. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Allen County, Kansas on December 7, 2007, in Book 0949, Page 33, under Document ID No. 2007-0949. |
16. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Allen County, Kansas on July 24, 2008, in Book 1570, Page 29. |
17. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Greenwood County, Kansas on December 5, 2007, in Book 298, Page 363. |
18. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Greenwood County, Kansas on July 24, 2008, in Book 301, Page 337. |
1. | Mortgage Deed of Trust, Security Agreement, Financing Statement and Assignment of Production date November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Craig County, OK on November 14, 2005 in Book 0546, Page 665, as amended by a First Amendment to Mortgage Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Craig County, OK on August 10, 2006 in Book 555, Page 729, as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Craig County, OK on December 18, 2007 in Book 0573, Pages 0402-0442, under Document ID No. 1-2007-158896. |
2. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Craig County, OK on July 18, 2008 in Book 0581, Pages 0001-0053, under Document ID No. 1-2008-160908. |
3. | Mortgage Deed of Trust, Security Agreement, Financing Statement and Assignment of Production date November 14, 2005 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Nowata County, OK on November 14, 2005 in Book 0737, Page 1, as amended by a First Amendment to Mortgage Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 31, 2006 from Quest Cherokee, LLC, as Mortgagor, to Guggenheim Corporate Funding, LLC, as administrative agent and collateral agent |
Transfer Agreement
Exhibit B Page 4
for Secured Parties, as Mortgagee, recorded in Nowata County, OK on August 10, 2006 in Book 0744, Page 1, as amended by a Second Amendment to Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated November 15, 2007 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Nowata County, OK on December 14, 2007 in Book 0756, Pages 0730-0990, under Document ID No. 1-2007-312376. |
4. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Nowata County, OK on July 18, 2008 in Book 0762, Pages 0606-0879, under Document ID No. 1-2008-313911. |
5. | Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated April 30, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Seminole County, OK on May 6, 2008 in Book 3063, Page 264. |
6. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Seminole County, OK on July 21, 2008 in Book 3100, Pages 3-48. |
7. | First Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Pushmataha County, Oklahoma on July 21, 2009, in Book 510, Page 281. |
8. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Pushmataha County, Oklahoma on July 21, 2009, in Book 510, Page 311. |
9. | First Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Pottawattamie County, Oklahoma on July 20, 2009, under Instrument No. 200900009901. |
10. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Pottawattamie County, Oklahoma on July 20, 2009, under Instrument No. 200900009902. |
11. | First Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Latimer County, Oklahoma on July 20, 2009, in Book 0737, Page 56. |
12. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of |
Transfer Agreement
Exhibit B Page 5
Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Latimer County, Oklahoma on July 20, 2009, in Book 0737, Page 87. | ||
13. | First Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Rogers County, Oklahoma on July 20, 2009, in Book 2043, Page 110. |
14. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Rogers County, Oklahoma on July 20, 2009, in Book 2043, Page 140. |
15. | First Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Grant County, Oklahoma on July 21, 2009, in Book 0600, Page 454. |
16. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Grant County, Oklahoma on July 21, 2009, in Book 0600, Page 484. |
1. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Braxton County, West Virginia on July 22, 2008 in Book 0209, Page 353, under Instrument No. 2008-04585. |
2. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Cabell County, West Virginia on July 23, 2008 in Book 2236, Page 234, under Instrument No. 291690. |
3. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Calhoun County, West Virginia on July 22, 2008 in Book 151, Page 369, under Instrument No. 5209. |
4. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in |
Transfer Agreement
Exhibit B Page 6
Doddridge County, West Virginia on July 22, 2008 in Book 175, Pages 137, under Instrument No. 77000. |
5. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Gilmer County, West Virginia on July 23, 2008 in Book 161, Page 51, under Instrument No. 1419. |
6. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Kanawha County, West Virginia on July 23, 2008 in Book 3585, Page 1. |
7. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Lewis County, West Virginia on July 22, 2008 in Book 361, Page 264. |
8. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Lincoln County, West Virginia on July 22, 2008 in Book 00207, Page 00258, Line 00001, under Transaction No.  ###-###-####. |
9. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Pleasants County, West Virginia on July 22, 2008 in Book 134, Page 455, under Instrument No. 581635. |
10. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Ritchie County, West Virginia on July 22, 2008 in Book 195, Pages 1-38, under Instrument No. 200800001886. |
11. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Wayne County, West Virginia on July 22, 2008 in Book 674, Page 187, under Instrument No. 312993359. |
Transfer Agreement
Exhibit B Page 7
12. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Wetzel County, West Virginia on July 22, 2008 in Book 339, Page 642, under Instrument No. 82251. |
13. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Wood County, West Virginia on July 22, 2008 in Book 1504, Page 450, under Instrument No. 576603. |
Transfer Agreement
Exhibit B Page 8
| Second Lien Loan Agreement | ||
| Mortgages described in Exhibit B | ||
| Guaranty dated as of July 11, 2008 by Quest Energy Partners, L.P., in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Guaranty dated as of July 11, 2008 by Quest Cherokee Oilfield Services, LLC, in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Guaranty dated as of July 16, 2009 by STP Newco, Inc., in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Second Lien Pledge and Security Agreement dated as of July 11, 2008 by Quest Cherokee, LLC in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Second Lien Pledge and Security Agreement dated as of July 11, 200 by Quest Energy Partners, L.P. in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Second Lien Pledge and Security Agreement dated as of July 11, 2008 by Quest Cherokee Oilfield Services, LLC in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Second Lien Pledge and Security Agreement dated as of July 16, 2009 by STP Newco, Inc. in favor of Royal Bank of Canada, as administrative agent and collateral agent | ||
| Blocked Account Control Agreement dated as of November 15, 2007 among JPMorgan Chase Bank, N.A., Quest Cherokee, LLC and Royal Bank of Canada, as administrative agent and collateral agent | ||
| Deposit Account Control Agreement dated as of November 15, 2007 among Bank of Oklahoma, N.A., Quest Energy Partners, L.P. and Royal Bank of Canada, as administrative agent and collateral agent | ||
| Deposit Account Control Agreement dated as of November 15, 2007 among Bank of Oklahoma, N.A., Quest Cherokee Oilfield Services, LLC and Royal Bank of Canada, as administrative agent and collateral agent | ||
| Deposit Account Control Agreement dated as of July 16, 2009 among Coopermark Bank, STP Newco, Inc. and Royal Bank of Canada, as administrative agent and collateral agent |
Transfer Agreement
Exhibit C
Principal | $ | 8,954,257.33 |
Principal | $ | 8,954,257.33 |
Principal | $ | 8,954,257.33 |
Principal | $ | 3,357,846.54 |
Principal | $ | 30,220,618.53 |
Transfer Agreement
Exhibit D Page 1
Transfer Agreement
Exhibit E
Exhibit F Page 1
Exhibit F Page 2
Signature Pages Follow]
Exhibit F Page 3
ASSIGNOR: ROYAL BANK OF CANADA as Administrative Agent and Collateral Agent | ||||
By: | ||||
Leslie P. Vowell | ||||
Attorney-in-Fact | ||||
STATE OF TEXAS | § | |
§ | ||
COUNTY OF HARRIS | § |
Kansas | BE IT REMEMBERED THAT I, the undersigned authority, a notary public duly qualified, commissioned, sworn and acting in and for the county and state aforesaid, and being authorized in such county and state to take acknowledgments, hereby certify that, on this day of September, 2010, there personally appeared before me and known to me (or satisfactorily proven) to be the person described in the foregoing instrument: Leslie P. Vowell, as Attorney-in-Fact for Royal Bank of Canada, a Canadian chartered bank, known to me to be such person, such bank being a party to the foregoing instrument. | |
KANSAS The foregoing instrument was acknowledged before me on this day, by Leslie P. Vowell, as Attorney-in-Fact for Royal Bank of Canada, a Canadian chartered bank, on behalf of said bank. | ||
Oklahoma | The foregoing instrument was acknowledged before me on this day of September, 2010, by Leslie P. Vowell, as Attorney-in-Fact for Royal Bank of Canada, a Canadian chartered bank, on behalf of said bank. | |
West Virginia | The foregoing instrument was acknowledged before me on this day of September, 2010, by Leslie P. Vowell, as Attorney-in-Fact for Royal Bank of Canada, a Canadian chartered bank, on behalf of said bank. | |
IN TESTIMONY AND WITNESS WHEREOF, I have hereunto set my hand and official seal on the day and year first above written. | ||
NOTARY PUBLIC, State of TEXAS | ||
My commission expires: | ||
[SEAL] |
Exhibit F Page 4
1. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Chautauqua County, Kansas on July 25, 2008, in Book 141, Page 747. | |
2. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Elk County, Kansas on July 21, 2008, in Book 119, Page 121. | |
3. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Labette County, Kansas on July 31, 2008, in Book 393, Page 49, as amended by that First Amendment to Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated September 1, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Labette County, Kansas on September 24, 2008, in Book 395, Page 46, under Document No. 34530. | |
4. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Montgomery County, Kansas on July 25, 2008, in Book 578, Page 143, as amended by that First Amendment to Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated September 1, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Montgomery County, Kansas on September 24, 2008, in Book 579, Page 500. | |
5. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Neosho County, Kansas on July 24, 2008, in Book 412, Pages 1-528, under Document ID No. 10662. | |
6. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Wilson County, Kansas on July 24, 2008, in Book 326, Page 1. | |
7. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Woodson County, Kansas on July 24, 2008, in Book M105, Page(s) 314-361, under Document ID No.  ###-###-####. | |
8. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as |
Exhibit F Page 1
Administrative Agent and Collateral Agent, as Mortgagee, filed in Allen County, Kansas on July 24, 2008, in Book 1570, Page 29. | ||
9. | Second Lien Mortgage, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Greenwood County, Kansas on July 24, 2008, in Book 301, Page 337. |
10. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Craig County, OK on July 18, 2008 in Book 0581, Pages 0001-0053, under Document ID No. 1-2008-160908. | |
11. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Nowata County, OK on July 18, 2008 in Book 0762, Pages 0606-0879, under Document ID No. 1-2008-313911. | |
12. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Royal Bank of Canada, as administrative agent and collateral agent for Secured Parties, as Mortgagee, recorded in Seminole County, OK on July 21, 2008 in Book 3100, Pages 3-48. | |
13. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Pushmataha County, Oklahoma on July 21, 2009, in Book 510, Page 311. | |
14. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Pottawattamie County, Oklahoma on July 20, 2009, under Instrument No. 200900009902. | |
15. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Latimer County, Oklahoma on July 20, 2009, in Book 0737, Page 87. | |
16. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Rogers County, Oklahoma on July 20, 2009, in Book 2043, Page 140. | |
17. | Second Lien Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated as of May 29, 2009 from STP Newco Inc., as Mortgagor, to Royal Bank of Canada, as Administrative Agent and Collateral Agent, as Mortgagee, filed in Grant County, Oklahoma on July 21, 2009, in Book 0600, Page 484. |
Exhibit F Page 2
18. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Braxton County, West Virginia on July 22, 2008 in Book 0209, Page 353, under Instrument No. 2008-04585. | |
19. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Cabell County, West Virginia on July 23, 2008 in Book 2236, Page 234, under Instrument No. 291690. | |
20. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Calhoun County, West Virginia on July 22, 2008 in Book 151, Page 369, under Instrument No. 5209. | |
21. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Doddridge County, West Virginia on July 22, 2008 in Book 175, Pages 137, under Instrument No. 77000. | |
22. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Gilmer County, West Virginia on July 23, 2008 in Book 161, Page 51, under Instrument No. 1419. | |
23. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Kanawha County, West Virginia on July 23, 2008 in Book 3585, Page 1. | |
24. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Lewis County, West Virginia on July 22, 2008 in Book 361, Page 264. |
Exhibit F Page 3
25. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Lincoln County, West Virginia on July 22, 2008 in Book 00207, Page 00258, Line 00001, under Transaction No.  ###-###-####. | |
26. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Pleasants County, West Virginia on July 22, 2008 in Book 134, Page 455, under Instrument No. 581635. | |
27. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Ritchie County, West Virginia on July 22, 2008 in Book 195, Pages 1-38, under Instrument No. 200800001886. | |
28. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Wayne County, West Virginia on July 22, 2008 in Book 674, Page 187, under Instrument No. 312993359. | |
29. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Wetzel County, West Virginia on July 22, 2008 in Book 339, Page 642, under Instrument No. 82251. | |
30. | Mortgage, Deed of Trust, Credit Line Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated effective as of July 11, 2008 from Quest Cherokee, LLC, as Mortgagor, to Carl D. Andrews, Trustee, for the benefit of Royal Bank of Canada, as mortgagee and collateral agent for Secured Parties, as Mortgagee, recorded in Wood County, West Virginia on July 22, 2008 in Book 1504, Page 450, under Instrument No. 576603. |
Exhibit F Page 4