SECOND AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF DECEMBER 13, 2013 AMONG LINN ENERGY, LLC, AS BORROWER, THE GUARANTORS, WELLS FARGO BANK, NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT, AND THE LENDERS PARTY HERETO ______________________________________________________________________________ JOINT BOOK RUNNERS AND JOINT LEAD ARRANGERS

EX-10.29 5 exhibit1029secondamendment.htm SECOND AMENDMENT TO SIXTH AMENDED CREDIT AGREEMENT Exhibit 10.29 Second Amendment
EXHIBIT 10.29
EXECUTION VERSION



SECOND AMENDMENT
TO
SIXTH AMENDED AND RESTATED CREDIT AGREEMENT
DATED AS OF DECEMBER 13, 2013
AMONG

LINN ENERGY, LLC,
AS BORROWER,

THE GUARANTORS,

WELLS FARGO BANK, NATIONAL ASSOCIATION,
AS ADMINISTRATIVE AGENT,
AND
THE LENDERS PARTY HERETO



______________________________________________________________________________

JOINT BOOK RUNNERS AND JOINT LEAD ARRANGERS
WELLS FARGO SECURITIES, LLC    RBC CAPITAL MARKETS







SECOND AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT
THIS SECOND AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Second Amendment”) dated as of December 13, 2013, among LINN ENERGY, LLC, a Delaware limited liability company, (the “Borrower”); the Guarantors signatory hereto, each of the Lenders party to the Credit Agreement referred to below that are signatory hereto; and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
R E C I T A L S
A.    The Borrower, the Administrative Agent, the Lenders and the other Agents party thereto entered into that certain Sixth Amended and Restated Credit Agreement dated as of April 24, 2013 as amended by that certain First Amendment dated as of October 30, 2013 (the “Credit Agreement”), pursuant to which the Lenders have made certain credit and other financial accommodations available to and on behalf of the Borrower and its Subsidiaries.
B.    The Borrower has requested and the Administrative Agent and the Majority Lenders have agreed to amend certain provisions of the Credit Agreement.
C.    NOW, THEREFORE, to induce the Administrative Agent and Lenders constituting the Majority Lenders to enter into this Second Amendment and in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Defined Terms. Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement, as amended by this Second Amendment. Unless otherwise indicated, all section or article references in this Second Amendment refer to sections or articles of the Credit Agreement.
Section 2.    Amendments to Credit Agreement.
2.1    Amendment to Section 1.02. Section 1.02 is hereby amended by:
(a)    deleting the following defined term in its entirety and replacing it with the following:
“‘Agreement’ means this Credit Agreement, as amended by the First Amendment and the Second Amendment, as the same may from time to time be further amended, modified, supplemented or restated.”
(b)    adding the following defined term in its appropriate alphabetical order:
“‘Second Amendment’ means the Second Amendment to Credit Agreement dated as of December 13, 2013 among the Borrower, the Administrative Agent and the Majority Lenders.”

2.2    Amendment to Section 8.19(a). Section 8.19(a) is hereby amended by deleting the term “$700,000,000” in such Section and replacing it with “$1,200,000,000”.




Section 3.    Conditions Precedent. This Second Amendment shall become effective on the date (such date, the “Second Amendment Effective Date”), when each of the following conditions is satisfied (or waived in accordance with Section 12.02 of the Credit Agreement):
3.1    The Administrative Agent shall have received from the Lenders constituting the Majority Lenders and the Borrower, counterparts (in such number as may be requested by the Administrative Agent) of this Second Amendment signed on behalf of such Person.
3.2    No Default shall have occurred and be continuing as of the date hereof, after giving effect to the terms of this Second Amendment.
The Administrative Agent is hereby authorized and directed to declare this Second Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 3 or the waiver of such conditions as permitted in Section 12.02 of the Credit Agreement. Such declaration shall be final, conclusive and binding upon all parties to the Agreement for all purposes.
Section 4.    Miscellaneous.
4.1    Confirmation. The provisions of the Credit Agreement, as amended by this Second Amendment, shall remain in full force and effect following the effectiveness of this Second Amendment.
4.2    Ratification and Affirmation; Representations and Warranties. Each of the Borrower and the Guarantors hereby (a) acknowledges the terms of this Second Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect as expressly amended hereby and (c) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Second Amendment:
(i)    all of the representations and warranties contained in each Loan Document to which it is a party are true and correct in all material respects (except those which have a materiality qualifier, which shall be true and correct as so qualified), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date,
(ii)    no Default or Event of Default has occurred and is continuing, and
(iii)    no event or events have occurred which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.
4.3    Loan Document. This Second Amendment is a Loan Document.
4.4    Counterparts. This Second Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Second Amendment

2



by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.
4.5    NO ORAL AGREEMENT. THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.
4.6    GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.
4.7    Payment of Expenses. In accordance with Section 12.03 of the Credit Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable out-of- pocket costs and reasonable expenses incurred in connection with this Second Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent.
4.8    Severability. Any provision of this Second Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
4.9    Successors and Assigns. This Second Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

[SIGNATURES BEGIN NEXT PAGE]


3




IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed as of the date first written above.
BORROWER:
LINN ENERGY, LLC
 
 
 
 
 
 
 
By:
/s/ Kolja Rockov
 
Name:
Kolja Rockov
 
Title:
Executive Vice President and
Chief Financial Officer




Signature Page to Second Amendment
15110679




GUARANTORS:
LINN ENERGY HOLDINGS, LLC
 
 
 
LINN OPERATING, INC.
 
 
 
MID-CONTINENT HOLDINGS I, LLC
 
 
 
MID-CONTINENT HOLDINGS II, LLC
 
 
 
MID-CONTINENT I, LLC
 
 
 
MID-CONTINENT II, LLC
 
 
 
LINN GAS MARKETING, LLC
 
 
 
LINN EXPLORATION &
PRODUCTION MICHIGAN LLC
 
 
 
LINN MIDWEST ENERGY LLC
 
 
 
 
 
 
 
By:
/s/ Kolja Rockov
 
 
Kolja Rockov
 
 
Executive Vice President and Chief Financial Officer
 
 
 
LINN EXPLORATION MIDCONTINENT, LLC
 
 
 
By: Mid-Continent Holdings II, LLC, its
sole member, as Member/Manager
 
 
 
 
 
By:
/s/ Kolja Rockov
 
Name:
Kolja Rockov
 
Title:
Executive Vice President and Chief Financial Officer


5





LENDERS:
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Lender
 
 
 
 
 
 
 
By:
/s/ Patrick J. Fults
 
Name:
Patrick J. Fults
 
Title:
Vice President

6









ROYAL BANK OF CANADA
 
 
 
 
 
 
 
By:
/s/ Don J. McKinnerney
 
Name:
Don J. McKinnerney
 
Title:
Authorized Signatory

7





 
BARCLAYS BANK PLC
 
 
 
 
 
 
 
By:
/s/ Vanessa A. Kurbatskiy
 
Name:
Vanessa A. Kurbatskiy
 
Title:
Vice President

8





 
CITIBANK, N.A.
 
 
 
 
 
 
 
By:
/s/ Eamon Baqui
 
Name:
Eamon Baqui
 
Title:
Vice President

9





 
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
 
 
 
 
 
 
 
By:
/s/ Mark A. Roche
 
Name:
Mark A. Roche
 
Title:
Managing Director
 
 
 
 
 
 
 
By:
/s/ Michael D. Willis
 
Name:
Michael D. Willis
 
Title:
Managing Director

10





 
CREDIT SUISSE AG, CAYMAN
ISLAND BRANCH
 
 
 
 
 
 
 
By:
/s/ Vipul Dhadda
 
Name:
Vipul Dhadda
 
Title:
Authorized Signatory
 
 
 
 
 
 
 
By:
/s/ Michael Spaight
 
Name:
Michael Spaight
 
Title:
Authorized Signatory

11





 
THE ROYAL BANK OF SCOTLAND
PLC
 
 
 
 
 
 
 
By:
/s/ Sanjay Remond
 
Name:
Sanjay Remond
 
Title:
Authorised Signatory


12





 
THE BANK OF NOVA SCOTIA
 
 
 
 
 
 
 
By:
/s/ Terry Donovan
 
Name:
Terry Donovan
 
Title:
Managing Director


13





 
BANK OF MONTREAL
 
 
 
 
 
 
 
By:
/s/ James V. Ducote
 
Name:
James V. Ducote
 
Title:
Managing Director

14





 
CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK AGENCY
 
 
 
 
 
 
 
By:
/s/ Daria Mahoney
 
Name:
Daria Mahoney
 
Title:
Executive Director
 
 
 
 
 
 
 
By:
/s/ Trudy Nelson
 
Name:
Trudy Nelson
 
Title:
Managing Directory

15





 
UBS AG, STAMFORD BRANCH
 
 
 
 
 
 
 
By:
/s/ Lana Gifas
 
Name:
Lana Gifas
 
Title:
Director
 
 
 
 
 
 
 
By:
/s/ Jennifer Anderson
 
Name:
Jennifer Anderson
 
Title:
Associate Director

16





 
COMERICA BANK
 
 
 
 
 
 
 
By:
/s/ William B. Robinson
 
Name:
William B. Robinson
 
Title:
Vice President

17





 
ING CAPITAL LLC
 
 
 
 
 
 
 
By:
/s/ Juli Bieser
 
Name:
Juli Bieser
 
Title:
Director

18





 
SOCIETE GENERALE
 
 
 
 
 
 
 
By:
/s/ David Bornstein
 
Name:
David Bornstein
 
Title:
Director

19





 
U.S. BANK NATIONAL
ASSOCIATION
 
 
 
 
 
 
 
By:
/s/ Jonathan H. Lee
 
Name:
Jonathan H. Lee
 
Title:
Vice President

20





 
ABN AMRO CAPITAL USA LLC
 
 
 
 
 
 
 
By:
/s/ Elizabeth Johnson
 
Name:
Elizabeth Johnson
 
Title:
Vice President
 
 
 
 
 
 
 
By:
/s/ Darrell Holley
 
Name:
Darrell Holley
 
Title:
Managing Director

21





 
COMPASS BANK
 
 
 
 
 
 
 
By:
/s/ Kathleen J. Bowen
 
Name:
Kathleen J. Bowen
 
Title:
Senior Vice President

22




 
DNB CAPITAL LLC
 
 
 
 
 
 
 
By:
/s/ Joe Hykle
 
Name:
Joe Hykle
 
Title:
FVP
 
 
 
 
 
 
 
By:
/s/ Kelton G. Glasscock
 
Name:
Kelton G. Glasscock
 
Title:
SVP & Head of Energy Americas

23





 
UNION BANK, N.A.
 
 
 
 
 
 
 
By:
/s/ Rachel Bowman
 
Name:
Rachel Bowman
 
Title:
Vice President

24





 
CAPITAL ONE, N.A.
 
 
 
 
 
 
 
By:
/s/ Matthew L. Molero
 
Name:
Matthew L. Molero
 
Title:
Vice President

25





 
SUNTRUST BANK
 
 
 
 
 
 
 
By:
/s/ Chulley Bogle
 
Name:
Chulley Bogle
 
Title:
Vice President

26





 
BANK OF AMERICA, N.A.
 
 
 
 
 
 
 
By:
/s/ Joseph Scott
 
Name:
Joseph Scott
 
Title:
Director

27





 
JPMORGAN CHASE BANK, N.A.
 
 
 
 
 
 
 
By:
/s/ Michael A. Kamauf
 
Name:
Michael A. Kamauf
 
Title:
Authorized Officer

28





 
DEUTSCHE BANK TRUST COMPANY AMERICAS
 
 
 
 
 
 
 
By:
/s/ Michael Getz
 
Name:
Michael Getz
 
Title:
Vice President
 
 
 
 
 
 
 
By:
/s/ Lisa Wong
 
Name:
Lisa Wong
 
Title:
Vice President

29





 
GOLDMAN SACHS BANK USA
 
 
 
 
 
 
 
By:
/s/ Mark Walton
 
Name:
Mark Walton
 
Title:
Authorized Signatory

30





 
MACQUARIE BANK LIMITED
 
 
 
 
 
 
 
By:
/s/ Michael Orefice
 
Name:
Michael Orefice
 
Title:
Managing Director
 
 
 
 
 
 
 
By:
/s/ Andrew Mitchell
 
Name:
Andrew Mitchell
 
Title:
Associated Director
 
 
 
 
 
 
 
 
 
 
(Signed in London, POA Ref: #938
dated 22nd of November 2012)

31





 
MORGAN STANLEY BANK, N.A.
 
 
 
 
 
 
 
By:
/s/ Matthew Meyers
 
Name:
Matthew Meyers
 
Title:
Authorized Signatory

32





 
BP ENERGY COMPANY
 
 
 
 
 
 
 
By:
/s/ Ryan S. McGeachie
 
Name:
Ryan S. McGeachie
 
Title:
Managing Director US Consumers

33





 
BNP PARIBAS
 
 
 
 
 
 
 
By:
/s/ Sriram CHANDRASEKARAN
 
Name:
Sriram CHANDRASEKARAN
 
Title:
Vice President
 
 
 
 
 
 
 
By:
/s/ Julien PECOUD-BOUVET
 
Name:
Julien PECOUD-BOUVET
 
Title:
Associate

34





 
BRANCH BANKING AND TRUST
COMPANY
 
 
 
 
 
 
 
By:
/s/ Traci Bankston
 
Name:
Traci Bankston
 
Title:
Assistant Vice President

35





 
SUMITOMO MITSUI BANKING CORPORATION
 
 
 
 
 
 
 
By:
/s/ James D. Weinstein
 
Name:
James D. Weinstein
 
Title:
Managing Director

36





 
WHITNEY BANK
 
 
 
 
 
 
 
By:
/s/ Liana Tchernysheva
 
Name:
Liana Tchernysheva
 
Title:
Senior Vice President

37





 
AMEGY BANK NATIONAL
ASSOCIATION
 
 
 
 
 
 
 
By:
/s/ H. Brock Hudson
 
Name:
H. Brock Hudson
 
Title:
Senior Vice President

38





 
ASSOCIATED BANK, N.A.
 
 
 
 
 
 
 
By:
/s/ Farhan Iqbal
 
Name:
Farhan Iqbal
 
Title:
Senior Vice President

39





 
KEYBANK NATIONAL ASSOCIATION
 
 
 
 
 
 
 
By:
/s/ Paul J. Pace
 
Name:
Paul J. Pace
 
Title:
Senior Vice President

40





 
THE HUNTINGTON NATIONAL
BANK
 
 
 
 
 
 
 
By:
/s/ Margaret Niekrash
 
Name:
Margaret Niekrash
 
Title:
VP

41





 
FIFTH THIRD BANK
 
 
 
 
 
 
 
By:
/s/ Justin Crawford
 
Name:
Justin Crawford
 
Title:
Director

42





 
NATIXIS
 
 
 
 
 
 
 
By:
/s/ Louis P. Laville, III
 
Name:
Louis P. Laville, III
 
Title:
Managing Director
 
 
 
 
 
 
 
By:
/s/ Stuart Murray
 
Name:
Stuart Murray
 
Title:
Managing Director

43





 
TORONTO DOMINION (NEW YORK) LLC
 
 
 
 
 
 
 
By:
/s/ MASOOD FIKREE
 
Name:
MASOOD FIKREE
 
Title:
AUTHORIZED SIGNATORY

44





 
MIZUHO BANK, LTD.
 
 
 
 
 
 
 
By:
/s/ Leon Mo
 
Name:
Leon Mo
 
Title:
Authorized Signatory

45





 
CARGILL INCORPORATED
 
 
 
 
 
 
 
By:
/s/ J. Dieleman
 
Name:
J. Dieleman
 
Title:
BU Leader 11.12.13


46