Third Amendment to Credit Agreement
On December 21, 2021, Rattler, as parent, entered into a third amendment (the “Third Amendment”) to the Credit Agreement, dated as of May 28, 2019, with Rattler OpCo, as borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders from time to time party thereto (the “Credit Agreement”) to, among other things, (i) permit the Reorganization, including, without limitation, the formation of Rattler HoldCo and the Contribution and (ii) provide for the addition of Rattler HoldCo as a Guarantor and Restricted Subsidiary (as such terms are defined in the Credit Agreement).
The foregoing description of the Third Amendment is not complete and is qualified in its entirety by reference to the full text of the Third Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 8.01 by reference.
Amended and Restated Services and Secondment Agreement
On December 22, 2021, the Services and Secondment Agreement among Rattler, Rattler OpCo, Rattler Midstream GP LLC, Diamondback Energy, Inc. and Diamondback E&P LLC, dated effective as of May 28, 2019, was amended and restated (as amended and restated, the “Restated Services and Secondment Agreement”) to add Rattler HoldCo as a party to the Services and Secondment Agreement to support Rattler HoldCo’s role as the managing member of Rattler OpCo.
The foregoing description of the Restated Services and Secondment Agreement is not complete and is qualified in its entirety by reference to the full text of the Restated Services and Secondment Agreement, which is filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated in this Item 8.01 by reference.