Execution Form
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
REVOLVING LINE OF CREDIT
OF UP TO $500,000,000.00
AMONG
BANK ONE, NA
As Administrative Agent, LC Issuer and a Bank,
UNION BANK OF CALIFORNIA, N.A.
As Syndication Agent and a Bank,
GUARANTY BANK, FSB and HIBERNIA NATIONAL BANK
Each As a Co-Agent and as a Bank,
OTHER FINANCIAL
INSTITUTIONS AND BANKS,
As Banks,
ULTRA RESOURCES, INC.
As Borrower
AND
BANC ONE CAPITAL MARKETS, INC.
As Lead Arranger and Sole Book Manager
June 9, 2004
TABLE OF CONTENTS
ARTICLE I. DEFINITIONS........................................................................
ARTICLE II. THE LOANS AND LETTERS OF CREDIT....................................................
2.01 The Commitment.........................................................................
2.02 Notice and Manner of Borrowing.........................................................
2.03 Payment Procedure......................................................................
2.04 Payments of Interest under the Notes...................................................
2.05 General Provisions Relating to Interest................................................
2.06 Borrowing Base Determination...........................................................
2.07 Mandatory Prepayment Due to a Loan Excess..............................................
2.08 Other Mandatory Prepayments............................................................
2.09 Prepayment and Conversion..............................................................
2.10 Increased Cost of Loans........................................................