Resaca Exploitation, Inc. Watch

from S-1/A 8 pages Resaca and Torch Energy Advisors Incorporated (“Torch”) Have Previously Entered Into That Certain Second Amended and Restated Agreement for Administrative Services Dated January 1, 2009 by and Among Resaca, Torch And, for the Limited Purpose Described Therein, Torch Energy Services, Inc. (As Amended, the “Services Agreement”). as of March 31, 2010, $1,755,647 Was Due and Payable by Resaca to Torch for Services Performed Under the Services Agreement Which Remain Outstanding (Together With Any Additional Amounts That May Become Due and Payable Under the Services Agreement Between the Date Hereof and June 30, 2010, Herein Referred to as the “Torch Payable”). Pursuant to the Terms of the Waiver Letter, in the Event That a Refinancing (As Defined in the Waiver Letter) of the Obligations Under the Credit Agreement Has Not Occurred by June 30, 2010, Resaca Is Required to Cause the Outstanding Balance of the Torch Payable on June 30, 2010 to Be Contractually Subordinated to the Obligations by an Agreement in Form and Substance Acceptable to Cit (The “Torch Subordination Requirement”). in Connection With the Waiver Letter, Resaca and Torch Are Entering Into This Letter to Satisfy the Torch Subordination Requirement. Cit Is Executing This Letter Solely for the Purpose as Acknowledging and Agreeing That Upon the Execution and Delivery of the Hereinafter Defined Note in Accordance With the Terms of This Letter Agreement, the Torch Subordination Requirement Shall Be and Be Deemed to Be Fully Satisfied. in Consideration of the Foregoing, the Parties Hereto Agree as Follows

from S-4/A 8 pages Resaca and Torch Energy Advisors Incorporated (“Torch”) Have Previously Entered Into That Certain Second Amended and Restated Agreement for Administrative Services Dated January 1, 2009 by and Among Resaca, Torch And, for the Limited Purpose Described Therein, Torch Energy Services, Inc. (As Amended, the “Services Agreement”). as of March 31, 2010, $1,755,647 Was Due and Payable by Resaca to Torch for Services Performed Under the Services Agreement Which Remain Outstanding (Together With Any Additional Amounts That May Become Due and Payable Under the Services Agreement Between the Date Hereof and June 30, 2010, Herein Referred to as the “Torch Payable”). Pursuant to the Terms of the Waiver Letter, in the Event That a Refinancing (As Defined in the Waiver Letter) of the Obligations Under the Credit Agreement Has Not Occurred by June 30, 2010, Resaca Is Required to Cause the Outstanding Balance of the Torch Payable on June 30, 2010 to Be Contractually Subordinated to the Obligations by an Agreement in Form and Substance Acceptable to Cit (The “Torch Subordination Requirement”). in Connection With the Waiver Letter, Resaca and Torch Are Entering Into This Letter to Satisfy the Torch Subordination Requirement. Cit Is Executing This Letter Solely for the Purpose as Acknowledging and Agreeing That Upon the Execution and Delivery of the Hereinafter Defined Note in Accordance With the Terms of This Letter Agreement, the Torch Subordination Requirement Shall Be and Be Deemed to Be Fully Satisfied. in Consideration of the Foregoing, the Parties Hereto Agree as Follows

from S-1/A 84 pages $200,000,000 Second Amended and Restated Credit Agreement Among Resaca Exploitation, Inc. as Borrower, the Lenders Party Hereto From Time to Time as Lenders, and Union Bank, N.A. as Administrative Agent and as Issuing Lender June , 2010 Union Bank, N.A. and Natixis New York Branch as Joint Lead Arrangers Natixis New York Branch as Syndication Agent Regions Bank as Documentation Agent II

from S-4/A 84 pages $200,000,000 Second Amended and Restated Credit Agreement Among Resaca Exploitation, Inc. as Borrower, the Lenders Party Hereto From Time to Time as Lenders, and Union Bank, N.A. as Administrative Agent and as Issuing Lender June , 2010 Union Bank, N.A. and Natixis New York Branch as Joint Lead Arrangers Natixis New York Branch as Syndication Agent Regions Bank as Documentation Agent II

from S-4/A 82 pages $200,000,000 Second Amended and Restated Credit Agreement Among Resaca Exploitation, Inc. as Borrower, the Lenders Party Hereto From Time to Time as Lenders, and Union Bank, N.A. as Administrative Agent and as Issuing Lender June , 2010 Union Bank, N.A. and Natixis New York Branch as Joint Lead Arrangers Natixis New York Branch as Syndication Agent

from S-1/A 82 pages $200,000,000 Second Amended and Restated Credit Agreement Among Resaca Exploitation, Inc. as Borrower, the Lenders Party Hereto From Time to Time as Lenders, and Union Bank, N.A. as Administrative Agent and as Issuing Lender June , 2010 Union Bank, N.A. and Natixis New York Branch as Joint Lead Arrangers Natixis New York Branch as Syndication Agent

from S-1/A 82 pages $200,000,000 Second Amended and Restated Credit Agreement Among Resaca Exploitation, Inc. as Borrower, the Lenders Party Hereto From Time to Time as Lenders, and Union Bank, N.A. as Administrative Agent and as Issuing Lender April , 2010 Union Bank, N.A. and Natixis New York Branch as Joint Lead Arrangers Natixis New York Branch as Syndication Agent II

from S-4/A 82 pages $200,000,000 Second Amended and Restated Credit Agreement Among Resaca Exploitation, Inc. as Borrower, the Lenders Party Hereto From Time to Time as Lenders, and Union Bank, N.A. as Administrative Agent and as Issuing Lender April , 2010 Union Bank, N.A. and Natixis New York Branch as Joint Lead Arrangers Natixis New York Branch as Syndication Agent II

from S-1/A 9 pages First Amendment to Intercreditor and Collateral Agency Agreement

from S-4/A 9 pages First Amendment to Intercreditor and Collateral Agency Agreement

from S-1 10 pages First Amendment to Second Amended and Restated Credit Agreement Dated as of December 22, 2009 Among Resaca Exploitation, Inc., as Borrower, Resaca Operating Company, as Guarantor, Cit Capital USA Inc., as Administrative Agent and the Lenders Party Hereto First Amendment to Second Amended and Restated Credit Agreement

from S-1 4 pages Assignment of Deeds of Trust, Line of Credit Mortgages, Assignments, Security Agreements, Fixture Filings and Financing Statements by Ngp Capital Resources Company, as Agent, as Assignor, to Cit Capital USA Inc., as Successor Agent, as Assignee, Relating to Premises In: Eddy County, New Mexico Lea County, New Mexico Dated: As of June 26, 2009 This Instrument Was Prepared by and After Recording Should Be Returned To: Vinson & Elkins, Llp First City Tower 1001 Fannin St., Suite 2500 Houston, Tx 77002 Attn: Linda Daugherty

from S-1 8 pages Second Amendment to Deed of Trust, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement

from S-1 95 pages Second Amended and Restated Credit Agreement Resaca Exploitation, Inc., as the Borrower, Cit Capital USA Inc., as the Administrative Agent, and Certain Financial Institutions, as Lenders $50,000,000 Senior Secured Revolving Credit Facility June 26, 2009

from S-4/A 10 pages First Amendment to Second Amended and Restated Credit Agreement Dated as of December 22, 2009 Among Resaca Exploitation, Inc., as Borrower, Resaca Operating Company, as Guarantor, Cit Capital USA Inc., as Administrative Agent and the Lenders Party Hereto First Amendment to Second Amended and Restated Credit Agreement

from S-4 4 pages Assignment of Deeds of Trust, Line of Credit Mortgages, Assignments, Security Agreements, Fixture Filings and Financing Statements by Ngp Capital Resources Company, as Agent, as Assignor, to Cit Capital USA Inc., as Successor Agent, as Assignee, Relating to Premises In: Eddy County, New Mexico Lea County, New Mexico Dated: As of June 26, 2009 This Instrument Was Prepared by and After Recording Should Be Returned To: Vinson & Elkins, Llp First City Tower 1001 Fannin St., Suite 2500 Houston, Tx 77002 Attn: Linda Daugherty

from S-4 8 pages Second Amendment to Deed of Trust, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement

from S-4 95 pages Second Amended and Restated Credit Agreement Resaca Exploitation, Inc., as the Borrower, Cit Capital USA Inc., as the Administrative Agent, and Certain Financial Institutions, as Lenders $50,000,000 Senior Secured Revolving Credit Facility June 26, 2009