RANGE RESOURCES CORPORATION Underwriting Agreement
EXHIBIT
1.1
EXECUTION VERSION
$150,000,000
RANGE RESOURCES CORPORATION
7.50% Senior Subordinated Notes due 2016
May 18, 2006
▇.▇. ▇▇▇▇▇▇ Securities Inc.
As Representative of the
several Underwriters listed
in Schedule 1 hereto
c/o ▇.▇. ▇▇▇▇▇▇ Securities Inc.
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
As Representative of the
several Underwriters listed
in Schedule 1 hereto
c/o ▇.▇. ▇▇▇▇▇▇ Securities Inc.
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Ladies and Gentlemen:
Range Resources Corporation, a Delaware corporation (the “Company”), proposes to issue and
sell to the several Underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are
acting as representative (the “Representative”), $150,000,000 principal amount of its 7.50% Senior
Subordinated Notes due 2016 (the “Securities”). The Securities will be issued pursuant to an
Indenture to be dated as of May 23, 2006 (the “Indenture”) between the Company and ▇.▇. ▇▇▇▇▇▇
Trust Company, National Association, as trustee (the “Trustee”).
The Company hereby confirms its agreement with the several Underwriters concerning the
purchase and sale of the Securities, as follows:
1. Registration Statement. The Company has prepared and filed with the Securities and
Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, and the rules
and regulations of the Commission thereunder (collectively, the “Securities Act”), an automatic
shelf registration statement on Form S-3 (File No. 333-134157), including a prospectus, relating to
the Securities. Such registration statement, as amended on May 17, 2006, including the
information, if any, deemed pursuant to Rule 430A, 430B or 430C under the Securities Act to be part
of the registration statement at the time of its effectiveness (“Rule 430 Information”), is
referred to herein as the “Registration Statement”; and as used herein, the term “Preliminary
Prospectus” means the base prospectus included in such registration statement (and any amendments
thereto), the prospectus supplement filed with the
Commission pursuant to Rule 424(b)(5) under the Securities Act on May 16, 2006, and the prospectus
included in the Registration Statement at the time of its effectiveness that omits
Rule 430 Information, and the term “Prospectus” means the prospectus in the form first used (or made
available upon request of purchasers pursuant to Rule 173 under the Securities Act) in connection
with confirmation of sales of the Securities. If the Company has filed an abbreviated registration
statement pursuant to Rule 462(b) under the Securities Act (the “Rule 462 Registration Statement”),
then any reference herein to the term “Registration Statement” shall be deemed to include such Rule
462 Registration Statement. Any reference in this Agreement to the Registration Statement, any
Preliminary Prospectus or the Prospectus shall be deemed to refer to and include the documents
incorporated by reference therein pursuant to Item 12 of Form S-3 under the Securities Act, as of
the effective date of the Registration Statement or the date of such Preliminary Prospectus or the
Prospectus, as the case may be and any reference to “amend”, “amendment” or “supplement” with
respect to the Registration Statement, any Preliminary Prospectus or the Prospectus shall be deemed
to refer to and include any documents filed after such date under the Securities Exchange Act of
1934, as amended, and the rules and regulations of the Commission thereunder (collectively, the
“Exchange Act”) that are deemed to be incorporated by reference therein. Capitalized terms used
but not defined herein shall have the meanings given to such terms in the Registration Statement
and the Prospectus.
At or prior to the time when sales of the Securities were first made (the “Time of Sale”), the
Company had prepared the following information (collectively the “Time of Sale Information”): a
Preliminary Prospectus dated May 15, 2006, and each “free-writing prospectus” (as defined pursuant
to Rule 405 under the Securities Act) listed on Annex C hereto.
2. Purchase of the Securities by the Underwriters. (a) The Company agrees to issue
and sell the Securities to the several Underwriters as provided in this Agreement, and each
Underwriter, on the basis of the representations, warranties and agreements set forth herein and
subject to the other terms and conditions set forth herein, agrees, severally and not jointly, to
purchase from the Company the respective principal amount of Securities set forth opposite such
Underwriter’s name in Schedule 1 hereto at a price equal to 98.00% of the principal amount thereof
plus accrued interest, if any, from May 23, 2006 to the Closing Date (as defined below). The
Company will not be obligated to deliver any of the Securities except upon payment for all the
Securities to be purchased as provided herein.
(b) The Company understands that the Underwriters intend to make a public offering of the
Securities as soon after the effectiveness of this Agreement as in the judgment of the
Representative is advisable, and initially to offer the Securities on the terms set forth in the
Prospectus. The Company acknowledges and agrees that the Underwriters may offer and sell
Securities to or through any affiliate of an Underwriter and that any such affiliate may offer and
sell Securities purchased by it to or through any Underwriter.
(c) Payment for and delivery of the Securities will be made at the offices of ▇▇▇▇▇ ▇▇▇▇ &
▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ at 10:00
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A.M., New York City time, on May 23, 2006, or at such other time or place on the same or such other date, not later than the fifth
business day thereafter, as the Representative and the Company may agree upon in writing. The time
and date of such payment and delivery is referred to herein as the “Closing Date”.
(d) Payment for the Securities shall be made by wire transfer in immediately available funds
to the account(s) specified by the Company to the Representative against delivery to the nominee of
The Depository Trust Company, for the account of the Underwriters, of one or more global notes
representing the Securities (collectively, the “Global Note”), with any transfer taxes payable in
connection with the sale of the Securities duly paid by the Company. The Global Note will be made
available for inspection by the Representative not later than 1:00 P.M., New York City time, on the
business day prior to the Closing Date.
(e) The Company acknowledges and agrees that the Underwriters are acting solely in the
capacity of an arm’s length contractual counterparty to the Company with respect to the offering of
Securities contemplated hereby (including in connection with determining the terms of the offering)
and not as a financial advisor or a fiduciary to, or an agent of, the Company or any other person.
Additionally, neither the Representative nor any other Underwriter is advising the Company or any
other person as to any legal, tax, investment, accounting or regulatory matters in any
jurisdiction. The Company shall consult with its own advisors concerning such matters and shall be
responsible for making its own independent investigation and appraisal of the transactions
contemplated hereby, and the Underwriters shall have no responsibility or liability to the Company
with respect thereto. Any review by the Underwriters of the Company, the transactions contemplated
hereby or other matters relating to such transactions will be performed solely for the benefit of
the Underwriters and shall not be on behalf of the Company.
3. Representations and Warranties of the Company. The Company represents and warrants
to each Underwriter that:
(a) Preliminary Prospectus. No order preventing or suspending the use of any Preliminary
Prospectus has been issued by the Commission, and each Preliminary Prospectus, at the time of
filing thereof, complied in all material respects with the Securities Act and did not contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading; provided that the Company makes no representation and
warranty with respect to any statements or omissions made in reliance upon and in conformity with
information relating to any Underwriter furnished to the Company in writing by such
Underwriter through the Representative expressly for use in any Preliminary Prospectus.
(b) Time of Sale Information. The Time of Sale Information, at the Time of Sale did not, and
at the Closing Date will not, contain any untrue statement of a material
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fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided that the Company makes no
representation and warranty with respect to any statements or omissions made in reliance upon and
in conformity with information relating to any Underwriter furnished to the Company in writing by
such Underwriter through the Representative expressly for use in such Time of Sale Information. No
statement of material fact included in the Prospectus has been omitted from the Time of Sale
Information and no statement of material fact included in the Time of Sale Information that is
required to be included in the Prospectus has been omitted therefrom.
(c) Issuer Free Writing Prospectus. Other than the Preliminary Prospectus and the Prospectus,
the Company (including its agents and representatives, other than the Underwriters in their
capacity as such) has not made, used, prepared, authorized, approved or referred to and will not
prepare, make, use, authorize, approve or refer to any “written communication” (as defined in Rule
405 under the Securities Act) that constitutes an offer to sell or solicitation of an offer to buy
the Securities (each such communication by the Company or its agents and representatives (other
than a communication referred to in clause (i) below) an “Issuer Free Writing Prospectus”) other
than (i) any document not constituting a prospectus pursuant to Section 2(a)(10)(a) of the
Securities Act or Rule 134 under the Securities Act or (ii) the documents listed on Annex C hereto
and other written communications approved in writing in advance by the Representative. Each such
Issuer Free Writing Prospectus complied in all material respects with the Securities Act, has been
filed in accordance with the Securities Act (to the extent required thereby) and, when taken
together with the Preliminary Prospectus accompanying, or delivered prior to delivery of, such
Issuer Free Writing Prospectus, did not, and at the Closing Date will not, contain any untrue
statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading;
provided that the Company makes no representation and warranty with respect to any
statements or omissions made in each such Issuer Free Writing Prospectus in reliance upon and in
conformity with information relating to any Underwriter furnished to the Company in writing by such
Underwriter through the Representative expressly for use in any Issuer Free Writing Prospectus.
(d) Registration Statement and Prospectus. The Registration Statement is an “automatic shelf
registration statement” as defined under Rule 405 of the Securities Act that has been filed with
the Commission not earlier than three years prior to the date hereof; and no notice of objection of
the Commission to the use of such registration statement or any post-effective amendment thereto
pursuant to Rule 401(g)(2) under the Securities Act has been received by the Company. No order suspending the effectiveness of the
Registration Statement has been issued by the Commission and no proceeding for that purpose or
pursuant to Section 8A of the Securities Act against the Company or related to the offering has
been initiated or threatened by the Commission; as of the applicable effective date of the
Registration Statement and any amendment thereto, the Registration Statement complied and will
comply in all material respects
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with the Securities Act and the Trust Indenture Act of 1939, as
amended, and the rules and regulations of the Commission thereunder (collectively, the “Trust
Indenture Act”), and did not and will not contain any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to make the statements
therein not misleading; and as of the date of the Prospectus and any amendment or supplement
thereto and as of the Closing Date, the Prospectus will not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not
misleading; provided that the Company makes no representation and warranty with respect to
(i) that part of the Registration Statement that constitutes the Statement of Eligibility and
Qualification (Form T-1) of the Trustee under the Trust Indenture Act or (ii) any statements or
omissions made in reliance upon and in conformity with information relating to any Underwriter
furnished to the Company in writing by such Underwriter through the Representative expressly for
use in the Registration Statement and the Prospectus and any amendment or supplement thereto.
(e) Incorporated Documents. The documents incorporated by reference in the Registration
Statement, the Prospectus or the Time of Sale Information, when they were filed with the
Commission, conformed in all material respects to the requirements of the Securities Act or the
Exchange Act, as applicable, and none of such documents contained any untrue statement of a
material fact or omitted to state a material fact required to be stated therein or necessary to
make the statements therein, in the light of the circumstances under which they were made, not
misleading; and any further documents so filed and incorporated by reference in the Registration
Statement, the Prospectus or the Time of Sale Information, when such documents become effective or
are filed with the Commission, as the case may be, will conform in all material respects to the
requirements of the Act or the Exchange Act, as applicable, and will not contain any untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading.
(f) Financial Statements. The audited financial statements of the Company included or
incorporated by reference in the Registration Statement, the Time of Sale Information and the
Prospectus, together with the related notes and schedules, comply in all material respects with the
applicable requirements of the Securities Act and the Exchange Act, as applicable, and present
fairly in all material respects the consolidated financial position of the Company and its
Subsidiaries (as hereinafter defined) as of the dates indicated and the consolidated results of
operations and cash flows of the Company and its Subsidiaries for the periods specified and have been prepared in compliance in all
material respects with the requirements of the Exchange Act and in conformity with generally
accepted accounting principles (“GAAP”) applied on a consistent basis during the periods involved
and the supporting schedules included or incorporated by reference in the Registration
Statement present fairly the information required to be stated therein. The other financial and accounting
data, including the unaudited financial statements, included or incorporated by reference in the
Registration
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Statement, the Time of Sale Information and the Prospectus, have been derived from the
accounting records of the Company and its subsidiaries and present fairly the information shown
therein, in all material respects.
(g) No Material Adverse Change. Subsequent to the respective dates as of which information is
given or incorporated by reference in the Registration Statement, the Time of Sale Information and
the Prospectus, and except as may be otherwise stated or incorporated by reference in the
Registration Statement, the Time of Sale Information and the Prospectus, there has not been (A) any
material and unfavorable change, financial or otherwise, in the business, properties, prospects,
regulatory environment, results of operations or condition (financial or otherwise) of the Company
and its Subsidiaries, taken as a whole, (B) any transaction entered into by the Company or any of
its Subsidiaries, which is material to the Company and its Subsidiaries, taken as a whole, or (C)
any obligation, contingent or otherwise, directly or indirectly, incurred by the Company or any of
its Subsidiaries which is material to the Company and its Subsidiaries, taken as a whole.
(h) Organization and Good Standing of the Company. The Company has been duly incorporated and
is validly existing as a corporation in good standing under the laws of the State of Delaware, with
full corporate power and authority to own, lease and operate its properties and conduct its
business in all material respects as described in the Registration Statement, the Time of Sale
Information and the Prospectus. The Company is duly qualified to do business as a foreign
corporation and is in good standing in each jurisdiction where the ownership or leasing of its
properties or the conduct of its business requires such qualification, except where the failure to
be so qualified and in good standing would not, individually or in the aggregate, have a material
adverse effect on the operations, business, prospects, properties, financial condition or results
of operation of the Company and its Subsidiaries taken as a whole (a “Material Adverse Effect”).
(i) Organization and Good Standing of Significant Subsidiaries. Range Energy I, Inc., Range
HoldCo, Inc., Range Production Company, Range Energy Ventures Corporation, Range Production I,
L.P., PMOG Holdings, Inc., Range Operating New Mexico, Inc., and Great Lakes Energy Partners,
L.L.C. (the “Subsidiaries”), include each subsidiary of the Company that constitutes a “significant
subsidiary” of the Company as defined by Rule 1-02 of Regulation S-X; no other subsidiaries of the
Company would, individually or in the aggregate, constitute such a significant subsidiary; each
Subsidiary has been duly organized and is validly existing as a corporation, limited liability
company or limited partnership and is in good standing (except, in the case of Range Production I,
L.P., as good standing is not a relevant concept in its jurisdiction of organization) under the laws of
the jurisdiction of its organization, with full corporate, limited liability company or
partnership power and authority to own, lease and operate its properties and to conduct its
business in all material respects as described in the Registration Statement, the Time of Sale
Information and the Prospectus; each Subsidiary is duly qualified to do business as a foreign
corporation, limited liability company or limited partnership and is in good standing (except, in
the case of Range Production I, L.P., in the State of Louisiana, as good standing is not a relevant
concept for a limited partnership in the State of Louisiana) in
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each jurisdiction where the ownership or leasing of its properties or the conduct of its business requires such qualification,
except where the failure to be so qualified and in good standing would not, individually or in the
aggregate, have a Material Adverse Effect; all of the outstanding shares of capital stock of each
of the Subsidiaries that is a corporation have been duly and validly authorized and issued, are
fully paid and non-assessable, the outstanding membership interest of Great Lakes Energy Partners,
L.L.C., has been issued in accordance with the organizational documents of Great Lakes Energy
Partners, L.L.C. and the outstanding partnership interest of Range Production I, L.P., has been
issued in accordance with the terms of the limited partnership agreement of Range Production I,
L.P., and, except as described in the Registration Statement, the Time of Sale Information and the
Prospectus, are owned, directly or indirectly, by the Company, subject to no security interest,
other encumbrance or adverse claims.
(j) Capitalization. The Company had an authorized and outstanding capitalization as set forth
under the column heading entitled “Actual” in the section of the Registration Statement, the Time
of Sale Information and the Prospectus entitled “Capitalization” and, as adjusted to give effect to
the offering of the Securities and the application of the net proceeds therefrom as described in
the “Use of Proceeds” section of the Registration Statement, the Time of Sale Information and the
Prospectus; assuming the accuracy of the transaction expenses and the pricing terms for the
offering of the Securities used in the section of the Registration Statement, the Time of Sale
Information and the Prospectus entitled “Capitalization,” the Company would, as of March 31, 2006,
have had an authorized and outstanding capitalization as set forth under the column heading
entitled “As Adjusted” in the section of the Registration Statement, the Time of Sale Information
and the Prospectus entitled “Capitalization”; all of the issued and outstanding shares of capital
stock of the Company have been duly authorized and validly issued and are fully paid and
non-assessable.
(k) Due Authorization. The Company has full right, power and authority to execute and deliver
this Agreement, the Securities and the Indenture (collectively, the “Transaction Documents”) and to
perform its obligations hereunder and thereunder; and all action required to be taken for the due
and proper authorization, execution and delivery of each of the Transaction Documents and the
consummation of the transactions contemplated thereby has been duly and validly taken.
(l) The Indenture. The Indenture has been duly authorized, executed and delivered by the
Company and constitutes a legal, valid and binding agreement of the
Company, enforceable in accordance with its terms, except as the enforceability thereof may be
limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws
affecting creditors’ rights generally and general principles of equity; the Indenture has been duly
qualified under the Trust Indenture Act of 1939, as amended.
(m) The Securities. The Securities have been duly authorized by the Company and when duly
executed and delivered by the Company and duly authenticated by the Trustee in accordance with the
terms of the Indenture and delivered to and paid for by the Underwriters in accordance with the
terms hereof, will constitute legal, valid and binding
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obligations of the Company, enforceable in accordance with their terms, except as the enforceability thereof may be limited by bankruptcy,
insolvency, reorganization, moratorium, fraudulent transfer or similar laws affecting creditors’
rights generally and general principles of equity, and will be entitled to the benefits of the
Indenture.
(n) Underwriting Agreement. This Agreement has been duly authorized, executed and delivered
by the Company and when executed and delivered by the other parties thereto will be a legal, valid
and binding agreement of the Company, enforceable in accordance with its terms, except (i) as the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting creditors’ rights generally and general principles of equity and (ii) rights
to indemnity and contribution may be limited by applicable law, rule, regulation or interpretation
of the Commission.
(o) Descriptions of the Transaction Documents. Each Transaction Document conforms in all
material respects to the description thereof contained in the Registration Statement, the Time of
Sale Information and the Prospectus.
(p) No Violation, Default or Conflicts. Neither the Company nor any of its Subsidiaries is in
breach or violation of, or in default under (nor has any event occurred which with notice, lapse of
time or both would result in any breach or violation of, or constitute a default), (i) its
respective charter or bylaws or (ii) any indenture, mortgage, deed of trust, bank loan or credit
agreement or other evidence of indebtedness, or any material license, material lease, material
contract or other material agreement or material instrument to which the Company or any of its
Subsidiaries is a party or by which any of them or any of their properties may be bound or
affected, or under any federal, state, local or foreign law, regulation or rule or any decree,
judgment or order applicable to the Company or any of its Subsidiaries; and the execution, delivery
and performance of the Transaction Documents and consummation of the transactions contemplated
hereby and thereby, including the issuance of the Securities, will not conflict with, result in any
breach or violation of or constitute a default under (nor constitute any event which with notice,
lapse of time or both would result in any breach or violation of or constitute a default under),
(x) the charter or bylaws of the Company or any of the Subsidiaries or (y) any indenture, mortgage,
deed of trust, bank loan or credit agreement or other evidence of indebtedness, or any license,
lease, material contract or other material agreement or material instrument to which the Company or
any of the Subsidiaries is a party or by which any of them or any of their properties may
be bound or affected, or under any federal, state, local or foreign law, regulation or rule or any
decree, judgment or order applicable to the Company or any of the Subsidiaries, which conflicts,
breaches, violations or defaults listed in clause (y) of this subparagraph (p) would, individually
or in the aggregate, have a Material Adverse Effect.
(q) No Consents Required. No approval, authorization, consent or order of or filing with any
federal, state, local or foreign governmental or regulatory commission, board, body, authority or
agency, or of or with the rules of the New York Stock Exchange, or approval of the stockholders of
the Company, is required in connection with the issuance and sale by the Company of the Securities
or the consummation of
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the transactions as contemplated hereby and by the Transaction Documents
other than as may be required under the securities or blue sky laws of the various jurisdictions in
which the Securities are being offered by the Underwriters.
(r) Legal Proceedings. Except as described in the Registration Statement, the Time of Sale
Information and the Prospectus, (i) there are no actions, suits, claims, investigations or
proceedings pending or threatened or, to the knowledge of the Company after due inquiry,
contemplated to which the Company or any of its Subsidiaries or any of their respective directors
or officers is or would be a party or of which any of their respective properties is or would be
subject, at law or in equity, or before or by any federal, state, local or foreign governmental or
regulatory commission, board, body, authority or agency, which would result in a judgment, decree
or order either (A) having a Material Adverse Effect or (B) preventing the consummation of the
transactions contemplated hereby and by the Indenture and the Securities, (ii) there are no current
or pending legal, governmental or regulatory actions, suits or proceedings that are required under
the Securities Act to be described in the Registration Statement that are not so described in the
Registration Statement, the Time of Sale Information and the Prospectus and (iii) there are no
statutes, regulations or contracts or other documents that are required under the Securities Act to
be filed as exhibits to the Registration Statement or described in the Registration Statement or
the Prospectus that are not so filed as exhibits to the Registration Statement or described in the
Registration Statement, the Time of Sale Information or the Prospectus.
(s) Independent Accountants. Ernst & Young LLP, whose report on the consolidated financial
statements of the Company are included or incorporated by reference in the Registration Statement,
the Time of Sale Information and the Prospectus, were at the time of such report independent public
accountants with respect to the Company, as required by the Securities Act and the Exchange Act,
and the applicable published rules and regulations thereunder.
(t) Title to Real and Personal Property. The Company and each of the Subsidiaries has good
and marketable title to all property (real and personal) described or incorporated by reference in
the Registration Statement, the Time of Sale Information and the Prospectus as being owned by each
of them, free and clear of all liens, claims, security interests or other encumbrances, except as
such do not materially interfere with the use of such property taken as a whole as described in the
Registration Statement, the Time of Sale Information and the Prospectus; all the real property
described in the Registration Statement, the Time of Sale Information and the Prospectus as being
held under lease by the Company or a Subsidiary is held thereby under valid, subsisting and
enforceable leases with such exceptions as do not materially interfere with the use of such
property taken as a whole as described in the Registration Statement, the Time of Sale Information
and the Prospectus.
(u) Title to Intellectual Property. Each of the Company and its Subsidiaries own, or have
obtained valid and enforceable licenses for, or other adequate rights to use, all material
inventions, patent applications, patents, trademarks (both registered and
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unregistered), tradenames, copyrights, trade secrets and other proprietary information described or incorporated
by reference in the Registration Statement, the Time of Sale Information and the Prospectus as
being owned or licensed by them or which are necessary for the conduct of their respective
businesses, except where the failure to own, license or have such rights would not, individually or
in the aggregate, have a Material Adverse Effect (collectively, “Intellectual Property”); and the
conduct of their respective businesses will not conflict in any material respect with, and neither
of the Company nor any of its Subsidiaries has received notice of any claim or conflict with, any
rights of others.
(v) Investment Company Act. Neither the Company nor any of the Subsidiaries is, nor after
giving effect to the offering and sale of the Securities and the application of the proceeds
thereof as described in the Registration Statement, the Time of Sale Information and the Prospectus
will any of them be, required to register as an “investment company” under the Investment Company
Act of 1940, as amended.
(w) Licenses and Permits. Each of the Company and its Subsidiaries has all necessary
licenses, authorizations, consents and approvals (collectively, “Consents”) and has made all
necessary filings required under any federal, state, local or foreign law, regulation or rule
(“Filings”) and has obtained all necessary Consents from other persons, in order to conduct their
respective businesses, except where the failure to have any such Consent or to have made any such
Filing would not have a Material Adverse Effect; neither the Company nor any of its Subsidiaries is
in violation of, or in default under, any such Consent which violation or default would have a
Material Adverse Effect.
(x) No Labor Disputes. Neither the Company nor its Subsidiaries are involved in any labor
dispute with their respective employees nor, to the knowledge of the Company, is any such dispute
threatened except, in each case, for disputes which would not reasonably be expected, individually
or in the aggregate, to have a Material Adverse Effect.
(y) Compliance With Environmental Laws. The Company and its Subsidiaries and their
properties, assets and operations are in material compliance with, and hold all material permits,
authorizations and approvals required under, Environmental Laws (as defined below), except to the
extent that failure to so comply or to hold such permits, authorizations or approvals would not,
individually or in the aggregate, have a Material Adverse Effect; there are no past or present events, conditions,
circumstances, activities, practices, actions, omissions or plans that could reasonably be expected
to give rise to any material costs or liabilities to the Company or its Subsidiaries under
Environmental Laws except as would not, individually or in the aggregate, have a Material Adverse
Effect; except as would not, individually or in the aggregate, have a Material Adverse Effect, the
Company and each of the Subsidiaries (i) is not the subject of any investigation, (ii) has not
received any notice or claim, (iii) is not a party to or affected by any pending or threatened
action, suit or proceeding, (iv) is not bound by any judgment, decree or order or (v) has not
entered into any agreement, in each case relating to any alleged violation of any Environmental Law
or any actual or alleged release or threatened release or cleanup at any location of any Hazardous
Materials (as defined below) (as used herein, “Environmental Law” means any federal, state, local
or
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foreign law, statute, ordinance, rule, regulation, order, decree, judgment, injunction, permit,
license, authorization or other binding requirement, or common law, relating to health, safety or
the protection, cleanup or restoration of the environment or natural resources, including those
relating to the distribution, processing, generation, treatment, storage, disposal, transportation,
other handling or release or threatened release of Hazardous Materials, and “Hazardous Materials”
means any material (including, without limitation, pollutants, contaminants, hazardous or toxic
substances or wastes) that is regulated by or may give rise to liability under any Environmental
Law.
(z) Disclosure Controls. The Company has established and maintains disclosure controls and
procedures (as such term is defined in Rule 13a-15 and 15d-15 under the Exchange Act); such
disclosure controls and procedures are designed to ensure that material information relating to the
Company, including its consolidated subsidiaries, is made known to the Company’s Chief Executive
Officer and its Chief Financial Officer by others within those entities, and such disclosure
controls and procedures are effective to perform the functions for which they were established; the
Company’s auditors and the Audit Committee of the Board of Directors have been advised of: (i) any
significant deficiencies in the design or operation of internal controls which could adversely
affect the Company’s ability to record, process, summarize, and report financial data; and (ii) any
fraud, whether or not material, that involves management or other employees who have a role in the
Company’s internal controls; any material weaknesses in internal controls have been identified for
the Company’s auditors; and since the date of the most recent evaluation of such disclosure
controls and procedures, there have been no significant changes in internal controls or in other
factors that could significantly affect internal controls, including any corrective actions with
regard to significant deficiencies and material weaknesses.
(aa) Accounting Controls. The Company and each of the Subsidiaries maintains a system of
internal accounting controls sufficient to provide reasonable assurance that (i) transactions are
executed in accordance with management’s general or specific authorization; (ii) transactions are
recorded as necessary to permit preparation of financial statements in conformity with generally
accepted accounting principles and to maintain
accountability for assets; (iii) access to assets is permitted only in accordance with management’s
general or specific authorization; and (iv) the recorded accountability for assets is compared with
existing assets at reasonable intervals and appropriate action is taken with respect to any
differences.
(bb) Insurance. The Company and its Subsidiaries maintain insurance of the types and in the
amounts reasonably believed to be adequate for their business and consistent in all material
respects with insurance coverage maintained by similar companies in similar businesses, all of
which insurance is in full force and effect.
(cc) No Registration Rights. Except as described in the Registration Statement, the Time of
Sale Information and the Prospectus, no person has the right to act as an underwriter or as a
financial advisor to the Company in connection with the offer and sale
11
of the Securities, whether as a result of the sale of the Securities as contemplated hereby or otherwise.
(dd) No Stabilization. Neither the Company nor any Affiliate has taken, directly or
indirectly, any action designed, or which has constituted or might reasonably be expected to cause
or result in, under the Exchange Act or otherwise, the stabilization or manipulation of the price
of any security of the Company to facilitate the sale of the Securities.
(ee) Reserves. Other than as disclosed in the Registration Statement, the Time of Sale
Information and the Prospectus, the proved reserves for crude oil and natural gas for each of the
periods presented in the Registration Statement, the Time of Sale Information and the Prospectus
were prepared in accordance with the Statement of Financial Accounting Standards No. 69 and Rule
4-10 of Regulation S-X.
(ff) ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. There is and has been no failure on the part of the Company and its
Subsidiaries or any of the officers and directors of the Company or any of its Subsidiaries, in
their capacities as such, to comply in all material respects with the provisions of the
▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the rules and regulations in connection therewith, including without
limitation Section 402 related to loans and Sections 302 and 906 related to certifications.
(gg) Status under the Securities Act. The Company is not an ineligible issuer and is a
well-known seasoned issuer, in each case as defined under the Securities Act, in each case at the
times specified in the Securities Act in connection with the offering of the Securities. The
Company has paid the registration fee for this offering pursuant to Rule 456(b)(1) under the
Securities Act or will pay such fees within the time period required by such rule (without giving
effect to the proviso therein) and in any event prior to the Closing Date.
4. Further Agreements of the Company. The Company covenants and agrees with each
Underwriter that:
(a) Required Filings. The Company will file the final Prospectus with the Commission within
the time periods specified by Rule 424(b) and Rule 430A, 430B or 430C under the Securities Act,
will file any Issuer Free Writing Prospectus to the extent required by Rule 433 under the
Securities Act; and will file promptly all reports and any definitive proxy or information
statements required to be filed by the Company with the Commission pursuant to Section 13(a),
13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long as
the delivery of a prospectus is required in connection with the offering or sale of the Securities;
and the Company will furnish copies of the Prospectus and each Issuer Free Writing Prospectus (to
the extent not previously delivered) to the Underwriters in New York City prior to 10:00 A.M., New
York City time, on the business day next succeeding the date of this Agreement in such quantities
as the Representative may reasonably request. The Company will pay the registration fees for this
offering within the time period required by Rule 456(b)(i) under the Securities Act prior to the
Closing Date.
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(b) Delivery of Copies. The Company will deliver, without charge, (i) to the Representative,
two signed copies of the Registration Statement as originally filed and each amendment thereto, in
each case including all exhibits and consents filed therewith and documents incorporated by
reference therein; and (ii) to each Underwriter (A) a conformed copy of the Registration Statement
as originally filed and each amendment thereto filed prior to the later of (x) Closing or (y) the
expiration of the Prospectus Delivery Period or otherwise relating to the Securities, in each case
including all exhibits and consents filed therewith and (B) during the Prospectus Delivery Period
(as defined below), as many copies of the Prospectus (including all amendments and supplements
thereto and documents incorporated by reference therein) and each Issuer Free Writing Prospectus as
the Representative may reasonably request. As used herein, the term “Prospectus Delivery Period”
means such period of time after the first date of the public offering of the Securities as in the
opinion of counsel for the Underwriters a prospectus relating to the Securities is required by law
to be delivered (or required to be delivered but for Rule 172 under the Securities Act) in
connection with sales of the Securities by any Underwriter or dealer.
(c) Amendments or Supplements; Issuer Free Writing Prospectuses. Prior to the later of (i)
Closing or (ii) the expiration of the Prospectus Delivery Period, before preparing, using,
authorizing, approving, referring to or filing any Issuer Free Writing Prospectus, and before
filing any amendment or supplement to the Registration Statement or the Prospectus, whether before
or after the time that the Registration Statement becomes effective the Company will furnish to the
Representative and counsel for the Underwriters a copy of the proposed Issuer Free Writing
Prospectus, amendment or supplement for review and will not prepare, use, authorize, approve, refer
to or file any such Issuer Free Writing Prospectus or file any such proposed amendment or
supplement to which the Representative reasonably objects.
(d) Notice to the Representative. The Company will advise the Representative promptly, and
confirm such advice in writing, (i) when any amendment
to the Registration Statement filed prior to the later of (x) Closing or (y) the expiration of the
Prospectus Delivery Period or otherwise relating to the Securities has been filed or becomes
effective; (ii) when any supplement to the Prospectus or any amendment to the Prospectus or any
Issuer Free Writing Prospectus relating to the Securities has been filed; (iii) of any request by
the Commission for any amendment to the Registration Statement or any amendment or supplement to
the Prospectus or the receipt of any comments from the Commission relating to the Registration
Statement or any other request by the Commission for any additional information relating to the
Registration Statement or any document incorporated therein as of the later of (x) Closing or (y)
the expiration of the Prospectus Delivery Period; (iv) of the issuance by the Commission of any
order suspending the effectiveness of the Registration Statement or preventing or suspending the
use of any Preliminary Prospectus or the Prospectus or the initiation or threatening of any
proceeding for that purpose or pursuant to Section 8A of the Securities Act; (v) of the occurrence
of any event within the Prospectus Delivery Period as a result of which the Prospectus, the Time of
Sale Information or any Issuer Free
13
Writing Prospectus as then amended or supplemented would
include any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein, in the light of the
circumstances existing when the Prospectus, the Time of Sale Information or any such Issuer Free
Writing Prospectus is delivered to a purchaser, not misleading; and (vi) of the receipt by the
Company of any notice of objection of the Commission to the use of the Registration Statement or
any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act; and (vii)
of the receipt by the Company of any notice with respect to any suspension of the qualification of
the Securities for offer and sale in any jurisdiction or the initiation or threatening of any
proceeding for such purpose; and the Company will use its reasonable best efforts to prevent the
issuance of any such order suspending the effectiveness of the Registration Statement, preventing
or suspending the use of any Preliminary Prospectus or the Prospectus or suspending any such
qualification of the Securities and, if any such order is issued, will use its reasonable best
efforts to obtain as soon as possible the withdrawal thereof.
(e) Ongoing Compliance. (1) If during the Prospectus Delivery Period (i) any event shall
occur or condition shall exist as a result of which the Prospectus as then amended or supplemented
would include any untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary in order to make the statements therein, in the light of the
circumstances existing when the Prospectus is delivered to a purchaser, not misleading or (ii) it
is necessary to amend or supplement the Prospectus to comply with law, the Company will promptly
notify the Underwriters thereof and forthwith prepare and, subject to paragraph (c) above, file
with the Commission and furnish to the Underwriters and to such dealers as the Representative may
designate, such amendments or supplements to the Prospectus as may be necessary so that the
statements in the Prospectus as so amended or supplemented will not, in the light of the
circumstances existing when the Prospectus is delivered to a purchaser, be misleading or so that
the Prospectus will comply with law and (2) if at any time prior to the Closing Date (i) any event shall occur or condition shall exist
as a result of which the Time of Sale Information as then amended or supplemented would include any
untrue statement of a material fact or omit to state any material fact necessary in order to make
the statements therein, in the light of the circumstances, not misleading or (ii) it is necessary
to amend or supplement the Time of Sale Information to comply with law, the Company will promptly
notify the Underwriters thereof and forthwith prepare and, subject to paragraph (c) above, file
with the Commission (to the extent required) and furnish to the Underwriters and to such dealers as
the Representative may designate, such amendments or supplements to the Time of Sale Information as
may be necessary so that the statements in the Time of Sale Information as so amended or
supplemented will not, in the light of the circumstances, be misleading or so that the Time of Sale
Information will comply with law.
(f) Blue Sky Compliance. The Company will qualify the Securities for offer and sale under the
securities or Blue Sky laws of such jurisdictions as the Representative shall reasonably request
and will continue such qualifications in effect so long as required for distribution of the
Securities; provided that the Company shall
14
not be required to (i) qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would
not otherwise be required to so qualify, (ii) file any general consent to service of process in any
such jurisdiction or (iii) subject itself to taxation in any such jurisdiction if it is not
otherwise so subject.
(g) Earning Statement. The Company will make generally available to its security holders and
the Representative as soon as practicable an earning statement that satisfies the provisions of
Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder covering
a period of at least twelve months beginning with the first fiscal quarter of the Company occurring
after the “effective date” (as defined in Rule 158) of the Registration Statement.
(h) Clear Market. During the period from the date hereof through and including the date that
is 90 days after the date hereof, the Company will not, without the prior written consent of the
Representative, offer, sell, contract to sell or otherwise dispose of any debt securities issued or
guaranteed by the Company and having a tenor of more than one year.
(i) Use of Proceeds. The Company will apply the net proceeds from the sale of the Securities
as described in the Registration Statement, the Time of Sale Information and the Prospectus under
the heading “Use of Proceeds”.
(j) No Stabilization. The Company will not take, directly or indirectly, any action designed
to or that could reasonably be expected to cause or result in any stabilization or manipulation of
the price of the Securities.
(k) Record Retention. The Company will, pursuant to reasonable procedures developed in good
faith, retain copies of each Issuer Free Writing Prospectus that is not filed with the Commission
in accordance with Rule 433 under the Securities Act.
5. Certain Agreements of the Underwriters. Each Underwriter hereby represents and
agrees that
(a) It has not and will not use, authorize use of, refer to, or participate in the planning
for use of, any “free writing prospectus”, as defined in Rule 405 under the Securities Act (which
term includes use of any written information furnished to the Commission by the Company and not
incorporated by reference into the Registration Statement and any press release issued by the
Company) other than (i) a free writing prospectus that contains no “issuer information” (as defined
in Rule 433(h)(2) under the Securities Act) that was not included (including through incorporation
by reference) in the Preliminary Prospectus or a previously filed Issuer Free Writing Prospectus,
(ii) any Issuer Free Writing Prospectus listed on Annex C or prepared pursuant to Section 3(c) or
Section 4(c) above, or (iii) any free writing prospectus prepared by such underwriter and approved
by the Company in advance in writing (each such free writing prospectus referred to in clauses (i)
or (iii), an “Underwriter Free Writing Prospectus”).
15
(b) It has not and will not distribute any Underwriter Free Writing Prospectus referred to in
clause (a)(i) in a manner reasonably designed to lead to its broad unrestricted dissemination.
(c) It has not and will not, without the prior written consent of the Company, use any free
writing prospectus that contains the final terms of the Securities unless such terms have
previously been included in a free writing prospectus filed with the Commission; provided that
Underwriters may use a term sheet substantially in the form of Annex D hereto without the consent
of the Company; provided further that any Underwriter using such term sheet shall notify the
Company, and provide a copy of such term sheet to the Company, prior to, or substantially
concurrently with, the first use of such term sheet.
(d) It will, pursuant to reasonable procedures developed in good faith, retain copies of each
free writing prospectus used or referred to by it, in accordance with Rule 433 under the Securities
Act.
(e) It is not subject to any pending proceeding under Section 8A of the Securities Act with
respect to the offering of the Securities (and will promptly notify the Company if any such
proceeding against it is initiated during the Prospectus Delivery Period).
6. Conditions of Underwriters’ Obligations. The obligation of each Underwriter to
purchase Securities on the Closing Date as provided herein is subject to the performance by the
Company of its covenants and other obligations hereunder and to the following additional
conditions:
(a) Registration Compliance; No Stop Order. No order suspending the effectiveness of the
Registration Statement shall be in effect, and no proceeding for such purpose, pursuant to Rule
401(g)(2) or pursuant to Section 8A under the Securities Act shall be pending before or threatened
by the Commission; the Prospectus and each Issuer Free Writing Prospectus shall have been timely
filed with the Commission under the Securities Act (in the case of a Issuer Free Writing
Prospectus, to the extent required by Rule 433 under the Securities Act) and in accordance with
Section 4(a) hereof; and all requests by the Commission for additional information shall have been
complied with to the reasonable satisfaction of the Representative.
(b) Representations and Warranties. The representations and warranties of the Company
contained herein shall be true and correct on the date hereof and on and as of the Closing Date;
and the statements of the Company and its officers made in any certificates delivered pursuant to
this Agreement shall be true and correct on and as of the Closing Date.
(c) No Downgrade. Between the time of execution of this Agreement and the Closing Date, there
shall not have occurred any downgrading, nor shall any notice have been given of (i) any intended
or potential downgrading or (ii) any watch, review or
16
possible change that does not indicate an affirmation or improvement in the rating accorded any securities of or guaranteed by the Company or
any Subsidiary by any “nationally recognized statistical rating organization,” as that term is
defined in Rule 436(g)(2) under the Securities Act.
(d) No Material Adverse Change. Between the time of execution of this Agreement and the
Closing Date, (i) no material adverse change or development involving a prospective material
adverse change in the business, properties, management, financial condition or results of
operations of the Company and the Subsidiaries taken as a whole shall occur or become known and
(ii) no transaction which is material and unfavorable to the Company (other than as disclosed in
the Registration Statement, the Time of Sale Information and the Prospectus) shall have been
entered into by the Company or any of its Subsidiaries, the effect of which, in any case under this
Section 6(d), is so material and adverse as to make it impracticable to proceed with the offering,
sale or delivery of the Securities being delivered at the time of purchase on the terms and in the
manner contemplated in the Registration Statement, the Time of Sale Information and the Prospectus.
(e) Officer’s Certificate. The Representative shall have received on and as of the Closing
Date a certificate of its Chief Executive Officer and its Chief Financial Officer in the form
attached as Annex B hereto.
(f) Comfort Letters. On the date of this Agreement and on the Closing Date, Ernst & Young LLP
shall have furnished to the Representative, at the request of the
Company, letters, dated the respective dates of delivery thereof and addressed to the Underwriters,
in form and substance reasonably satisfactory to the Representative, containing statements and
information of the type customarily included in accountants’ “comfort letters” to underwriters with
respect to the financial statements and certain financial information contained or incorporated by
reference in the Registration Statement, the Time of Sale Information and the Prospectus;
provided that the letter delivered on the Closing Date shall use a “cut-off” date no more
than three business days prior to the Closing Date.
(g) Opinion of Counsel for the Company. ▇▇▇▇▇▇ & ▇▇▇▇▇▇ LLP, counsel for the Company, shall
have furnished to the Representative, at the request of the Company, their written opinion, dated
the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory
to the Representative, to the effect set forth in Annex A hereto.
(h) Opinion of Counsel for the Underwriters. The Representative shall have received on and as
of the Closing Date an opinion of ▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇▇▇▇, counsel for the Underwriters, with respect
to such matters as the Representative may reasonably request, and such counsel shall have received
such documents and information as they may reasonably request to enable them to pass upon such
matters.
17
(i) Amendment to Credit Agreement. Prior to the Closing Date, the Company shall have
furnished to the Representative a copy of the Sixth Amendment to Second Amended and Restated Credit
Agreement dated as of May 10, 2006 by and among Range Resources Corporation, Great Lakes Energy
Partners, L.L.C, JPMorgan Chase Bank, N.A. and the Lenders thereto, which has been duly executed by
all parties thereto.
(j) Additional Documents. On or prior to the Closing Date, the Company shall have furnished
to the Representative such further certificates and documents as the Representative may reasonably
request.
All opinions, letters, certificates and evidence mentioned above or elsewhere in this
Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form
and substance reasonably satisfactory to counsel for the Underwriters.
7. Indemnification and Contribution.
(a) Indemnification of the Underwriters. The Company agrees to indemnify and hold harmless
each Underwriter, its affiliates, directors and officers and each person, if any, who controls such
Underwriter within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act, from and against any and all losses, claims, damages and liabilities (including, without
limitation, reasonable legal fees and other expenses incurred in connection with any suit, action
or proceeding or any claim asserted, as such fees and expenses are incurred), joint or several,
that arise out of, or are based upon, (i) any untrue statement or alleged untrue statement of a material fact contained
in the Registration Statement or caused by any omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the statements therein,
not misleading, (ii) or any untrue statement or alleged untrue statement of a material fact
contained in the Prospectus (or any amendment or supplement thereto), any Issuer Free Writing
Prospectus or any Time of Sale Information, or caused by any omission or alleged omission to state
therein a material fact necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading, in each case except insofar as such
losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in conformity with any
information relating to any Underwriter furnished to the Company in writing by such Underwriter
through the Representative expressly for use therein.
(b) Indemnification of the Company. Each Underwriter agrees, severally and not jointly, to
indemnify and hold harmless the Company, its directors, its officers who signed the Registration
Statement and each person, if any, who controls the Company within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in
paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise
out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission
made in
18
reliance upon and in conformity with any information relating to such Underwriter furnished
to the Company in writing by such Underwriter through the Representative expressly for use in the
Registration Statement, the Prospectus (or any amendment or supplement thereto), any Issuer Free
Writing Prospectus or any Time of Sale Information, it being understood and agreed that the only
such information consists of the following: the last two paragraphs of the section entitled
“Underwriting” in the Prospectus.
(c) Notice and Procedures. If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against any person in
respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such
person (the “Indemnified Person”) shall promptly notify the person against whom such
indemnification may be sought (the “Indemnifying Person”) in writing; provided that the
failure to notify the Indemnifying Person shall not relieve it from any liability that it may have
under this Section 7 except to the extent that it has been materially prejudiced (through the
forfeiture of substantive rights or defenses) by such failure; and provided,
further, that the failure to notify the Indemnifying Person shall not relieve it from any
liability that it may have to an Indemnified Person otherwise than under this Section 7. If any
such proceeding shall be brought or asserted against an Indemnified Person and it shall have
notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably
satisfactory to the Indemnified Person (who shall not, without the consent of the Indemnified
Person, be counsel to the Indemnifying Person) to represent the Indemnified Person in such
proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such
proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and
expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the
Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary, or (ii)
the Indemnifying Person has failed within a reasonable time to retain counsel reasonably
satisfactory to the Indemnified Person. It is understood and agreed that the Indemnifying Person
shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be
liable for the fees and expenses of more than one separate firm (in addition to any local counsel)
for all Indemnified Persons, and that all such fees and expenses shall be reimbursed as they are
incurred. Any such separate firm for any Underwriter, its affiliates, directors and officers and
any control persons of such Underwriter shall be designated in writing by ▇.▇. ▇▇▇▇▇▇ Securities
Inc. and any such separate firm for the Company, its directors, its officers who signed the
Registration Statement and any control persons of the Company shall be designated in writing by the
Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected
without its written consent, but if settled with such consent or if there be a final judgment for
the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against
any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing
sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person
reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this
paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected
without its written consent if (i) such
19
settlement is entered into more than 30 days after receipt
by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have
reimbursed the Indemnified Person in accordance with such request prior to the date of such
settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person,
effect any settlement of any pending or threatened proceeding in respect of which any Indemnified
Person is or could have been a party and indemnification could have been sought hereunder by such
Indemnified Person, unless such settlement (x) includes an unconditional release of such
Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from
all liability on claims that are the subject matter of such proceeding and (y) does not include any
statement as to or any admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Person.
(d) Contribution. If the indemnification provided for in paragraphs (a) and (b) above is
unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of
indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by
such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such
proportion as is appropriate to reflect the relative benefits received by the Company on the one
hand and the Underwriters on the other from the offering of the Securities or (ii) if the
allocation provided by clause (i) is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i) but also the
relative fault of the Company on the one hand and the Underwriters on the other in connection with
the statements or omissions that resulted in such losses, claims, damages or liabilities, as well
as any other relevant equitable considerations. The relative benefits received by the Company on
the one hand and the Underwriters on the other shall be deemed to be in the same respective
proportions as the net proceeds (before deducting expenses) received by the Company from the sale
of the Securities and the total underwriting discounts and commissions received by the Underwriters
in connection therewith, in each case as set forth in the table on the cover of the Prospectus,
bear to the aggregate offering price of the Securities. The relative fault of the Company on the
one hand and the Underwriters on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company or by the
Underwriters and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission.
(e) Limitation on Liability. The Company and the Underwriters agree that it would not be just
and equitable if contribution pursuant to this Section 7 were determined by pro
rata allocation (even if the Underwriters were treated as one entity for such purpose) or
by any other method of allocation that does not take account of the equitable considerations
referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a
result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be
deemed to include, subject to the limitations set forth above, any legal or other expenses incurred
by such Indemnified
20
Person in connection with any such action or claim. Notwithstanding the
provisions of this Section 7, in no event shall an Underwriter be required to contribute any amount
in excess of the amount by which the total underwriting discounts and commissions received by such
Underwriter with respect to the offering of the Securities exceeds the amount of any damages that
such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation. The Underwriters’ obligations
to contribute pursuant to this Section 7 are several in proportion to their respective purchase
obligations hereunder and not joint.
(f) Non-Exclusive Remedies. The remedies provided for in this Section 7 are not exclusive and
shall not limit any rights or remedies which may otherwise be available to any Indemnified Person
at law or in equity.
8. Effectiveness of Agreement. This Agreement shall become effective upon the
execution and delivery hereof by the parties hereto.
9. Termination. This Agreement may be terminated in the absolute discretion of the
Representative, by notice to the Company, if after the execution and delivery of this Agreement and
prior to the Closing Date there shall have occurred (i) a suspension or material limitation in
trading in securities generally on the New York Stock Exchange, the American Stock Exchange or the
NASDAQ; (ii) a suspension or material limitation in trading in the Company’s securities on the New
York Stock Exchange; (iii) a general moratorium on commercial banking activities declared by either
federal or New York State authorities or a material disruption in commercial banking or securities
settlement or clearance services in the United States; (iv) an outbreak or escalation of
hostilities or acts of terrorism involving the United States or a declaration by the United States
of a national emergency or war; or (v) any other calamity or crisis or any change in financial,
political or economic conditions in the United States or elsewhere, if the effect of any such event
specified in clause (iv) or (v) in the judgment of the Representative makes it impracticable or
inadvisable to proceed with the offering, sale or delivery of the Securities on the terms and in
the manner contemplated by this Agreement, the Time of Sale Information and the Prospectus.
10. Defaulting Underwriter. (a) If, on the Closing Date, any Underwriter defaults on
its obligation to purchase the Securities that it has agreed to purchase hereunder, the
non-defaulting Underwriters may in their discretion arrange for the purchase of such Securities by
other persons satisfactory to the Company on the terms contained in this Agreement. If, within 36
hours after any such default by any Underwriter, the non-defaulting Underwriters do not arrange for
the purchase of such Securities, then the Company shall be entitled to a further period of 36 hours
within which to procure other persons satisfactory to the non-defaulting Underwriters to purchase
such Securities on such terms. If other persons become obligated or agree to purchase the
Securities of a defaulting Underwriter, either the non-defaulting Underwriters or the Company may
21
postpone the Closing Date for up to five full business days in order to effect any changes that in
the opinion of counsel for the Company or counsel for the Underwriters may be necessary in the
Registration Statement and the Prospectus or in any other document or arrangement, and the Company
agrees to promptly prepare any amendment or supplement to the Registration Statement and the
Prospectus that effects any such changes. As used in this Agreement, the term “Underwriter”
includes, for all purposes of this Agreement unless the context otherwise requires, any person not
listed in Schedule 1 hereto that, pursuant to this Section 10, purchases Securities that a
defaulting Underwriter agreed but failed to purchase.
(b) If, after giving effect to any arrangements for the purchase of the Securities of a
defaulting Underwriter or Underwriters by the non-defaulting Underwriters and the Company as
provided in paragraph (a) above, the aggregate principal amount of such Securities that remains
unpurchased does not exceed one-eleventh of the aggregate principal amount of all the Securities,
then the Company shall have the right to require each non-defaulting Underwriter to purchase the
principal amount of Securities that such Underwriter agreed to purchase hereunder plus such
Underwriter’s pro rata share (based on the principal amount of Securities that such
Underwriter agreed to purchase hereunder)
of the Securities of such defaulting Underwriter or Underwriters for which such arrangements have
not been made.
(c) If, after giving effect to any arrangements for the purchase of the Securities of a
defaulting Underwriter or Underwriters by the non-defaulting Underwriters and the Company as
provided in paragraph (a) above, the aggregate principal amount of such Securities that remains
unpurchased exceeds one-eleventh of the aggregate principal amount of all the Securities, or if the
Company shall not exercise the right described in paragraph (b) above, then this Agreement shall
terminate without liability on the part of the non-defaulting Underwriters. Any termination of
this Agreement pursuant to this Section 10 shall be without liability on the part of the Company,
except that the Company will continue to be liable for the payment of expenses as set forth in
Section 11 hereof and except that the provisions of Section 7 hereof shall not terminate and shall
remain in effect.
(d) Nothing contained herein shall relieve a defaulting Underwriter of any liability it may
have to the Company or any non-defaulting Underwriter for damages caused by its default.
11. Payment of Expenses. (a) Whether or not the transactions contemplated by this
Agreement are consummated or this Agreement is terminated, the Company will pay or cause to be paid
all costs and expenses incident to the performance of its obligations hereunder, including without
limitation, (i) the costs incident to the authorization, issuance, sale, preparation and delivery
of the Securities and any taxes payable in that connection; (ii) the costs incident to the
preparation, printing and filing under the Securities Act of the Registration Statement, the
Preliminary Prospectus, any Issuer Free Writing Prospectus, any Time of Sale Information and the
Prospectus (including all exhibits, amendments and supplements thereto) and the distribution
thereof; (iii) the costs of reproducing and distributing each of the Transaction Documents;
22
(iv) the fees and expenses of the Company’s counsel and independent accountants; (v) the fees and
expenses incurred in connection with the registration or qualification and determination of
eligibility for investment of the Securities under the laws of such jurisdictions as the
Representative may designate and the preparation, printing and distribution of a Blue Sky
Memorandum (including the related fees and expenses of counsel for the Underwriters); (vi) any fees
charged by rating agencies for rating the Securities; (vii) the fees and expenses of the Trustee
and any paying agent (including related fees and expenses of any counsel to such parties); and
(viii) all expenses incurred by the Company in connection with any “road show” presentation to
potential investors.
(b) If (i) this Agreement is terminated pursuant to Section 9 (other than pursuant to clause
(v) of Section 9 if the Company and the Underwriters subsequently enter into another agreement for
the Underwriters to underwrite the same or substantially similar securities of the Company), (ii)
the Company for any reason fails to tender the Securities for delivery to the Underwriters or (iii)
the Underwriters decline to purchase the Securities for any reason permitted under this Agreement,
the Company agrees to reimburse the Underwriters for all out-of-pocket costs and expenses
(including the reasonable fees and expenses of their counsel) reasonably incurred by the Underwriters in connection with this
Agreement and the offering contemplated hereby.
12. Persons Entitled to Benefit of Agreement. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective successors and the officers
and directors and any controlling persons referred to herein, and the affiliates of each
Underwriter referred to in Section 7 hereof. Nothing in this Agreement is intended or shall be
construed to give any other person any legal or equitable right, remedy or claim under or in
respect of this Agreement or any provision contained herein. No purchaser of Securities from any
Underwriter shall be deemed to be a successor merely by reason of such purchase.
13. Survival. The respective indemnities, rights of contribution, representations,
warranties and agreements of the Company and the Underwriters contained in this Agreement or made
by or on behalf of the Company or the Underwriters pursuant to this Agreement or any certificate
delivered pursuant hereto shall survive the delivery of and payment for the Securities and shall
remain in full force and effect, regardless of any termination of this Agreement or any
investigation made by or on behalf of the Company or the Underwriters.
14. Certain Defined Terms. For purposes of this Agreement, (a) except where otherwise
expressly provided, the term “affiliate” has the meaning set forth in Rule 405 under the Securities
Act; (b) the term “business day” means any day other than a day on which banks are permitted or
required to be closed in New York City; and (c) the term “subsidiary” has the meaning set forth in
Rule 405 under the Securities Act.
15. Miscellaneous. (a) Authority of the Representative. Any action by the
Underwriters hereunder may be taken by ▇.▇. ▇▇▇▇▇▇ Securities Inc. on behalf of the
23
Underwriters, and any such action taken by ▇.▇. ▇▇▇▇▇▇ Securities Inc. shall be binding upon the Underwriters.
(b) Notices. All notices and other communications hereunder shall be in writing and shall be
deemed to have been duly given if mailed or transmitted and confirmed by any standard form of
telecommunication. Notices to the Underwriters shall be given to the Representative c/o ▇.▇.
▇▇▇▇▇▇ Securities Inc., ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (fax: ▇▇▇-▇▇▇-▇▇▇▇); Attention:
▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Notices to the Company shall be given to it at the offices of the Company at
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ (fax: (▇▇▇) ▇▇▇-▇▇▇▇); Attention: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ .
(c) Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York.
(d) Counterparts. This Agreement may be signed in counterparts (which may include
counterparts delivered by any standard form of telecommunication), each of
which shall be an original and all of which together shall constitute one and the same instrument.
(e) Amendments or Waivers. No amendment or waiver of any provision of this Agreement, nor any
consent or approval to any departure therefrom, shall in any event be effective unless the same
shall be in writing and signed by the parties hereto.
(f) Headings. The headings herein are included for convenience of reference only and are not
intended to be part of, or to affect the meaning or interpretation of, this Agreement.
24
If the foregoing is in accordance with your understanding, please indicate your acceptance of
this Agreement by signing in the space provided below.
| Very truly yours, | ||||||
| RANGE RESOURCES CORPORATION | ||||||
| By | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||||
Accepted: May 18, 2006
▇.▇. ▇▇▇▇▇▇ SECURITIES INC.
For itself and on behalf of the
several Underwriters listed
in Schedule 1 hereto.
several Underwriters listed
in Schedule 1 hereto.
By |
/s/ | |||
Schedule 1
| Underwriter | Principal Amount | |||
▇.▇. ▇▇▇▇▇▇ Securities Inc. |
$ | 63,000,000 | ||
Credit Suisse Securities (USA) LLC |
$ | 25,500,000 | ||
Banc of America Securities LLC |
$ | 13,500,000 | ||
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Corp. |
$ | 13,500,000 | ||
Wachovia Capital Markets, LLC |
$ | 13,500,000 | ||
Calyon Securities (USA) Inc. |
$ | 3,000,000 | ||
Comerica Securities, Inc. |
$ | 3,000,000 | ||
Fortis Securities LLC |
$ | 3,000,000 | ||
Capital One Southcoast, Inc. |
$ | 3,000,000 | ||
Keybanc Capital Markets |
$ | 3,000,000 | ||
Scotia Capital (USA) Inc. |
$ | 3,000,000 | ||
Natexis Bleichroeder Inc. |
$ | 3,000,000 | ||
Total |
$ | 150,000,000 | ||
Annex A
[Form of Opinion of Counsel for the Company]
(a) The Registration Statement is an “automatic shelf registration statement” as defined under
Rule 405 of the Securities Act that has been filed with the Commission not earlier than three years
prior to the date of the Underwriting Agreement; each of the Preliminary Prospectus and the
Prospectus was filed with the Commission pursuant to the subparagraph of Rule 424 under the
Securities Act specified in such opinion on the date specified therein; and, to the best knowledge
of such counsel, no order suspending the effectiveness of the Registration Statement has been
issued, no notice of objection of the Commission to the use of such registration statement or any
post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act has been
received by the Company and no proceeding for that purpose or pursuant to Section 8A of the
Securities Act against the Company or in connection with the offering is pending or threatened by
the Commission.
(b) The Registration Statement, the Preliminary Prospectus and the Prospectus (other than (a)
the financial statements and related schedules thereto, including the notes thereto and the
independent registered public accounting firm’s report thereon and (b) the other financial and
statistical data that is included or incorporated by reference therein and (c) the oil and gas
reserve reports and related reserve information contained or incorporated by reference therein, as
to which such counsel need express no opinion) appear on their face to be appropriately responsive
in all material respects to the requirements of the Securities Act; each Issuer Free Writing
Prospectus included in the Time of Sale Information contains the legend required by Rule 433 of the
Securities Act and has been filed with the Commission to the extent, and within the time period,
required pursuant to Rule 433 of the Securities Act; and the Indenture complies as to form in all
material respects with the requirements of the Trust Indenture Act.
(c) The Company is validly existing and in good standing as a corporation under the laws of
the State of Delaware with all requisite corporate power and authority to own its properties and
conduct its business in all material respects as described in the Registration Statement, the Time
of Sale Information and the Prospectus.
(d) Each of the Subsidiaries other than Range Production I, L.P., is validly existing and in
good standing under the laws of the State of Delaware; Range Production I, L.P., is validly
existing as a limited partnership under the laws of the state of Texas; each of the Subsidiaries
has all requisite corporate, limited liability company or partnership power and authority to own
its respective properties and to conduct its respective business, in all material respects as
described in the Registration Statement, the Time of Sale Information and the Prospectus.
(e) The Company and each of the Subsidiaries, other than Range Production I, L.P., are duly
qualified or licensed to do business as a foreign corporation or limited liability
company and are in good standing, and Range Production I, L.P., is duly qualified or
A-1
licensed to do business as a foreign limited partnership, in each jurisdiction listed across from each such
entity’s name on Schedule 1 of such opinion. Range Production I, L.P. is in good standing
in the State of Mississippi.
(f) The documents incorporated by reference in the Time of Sale Information and the Prospectus
or any further amendment or supplement thereto made by the Company prior to the Closing Date
(except for (a) the financial statements and related schedules thereto, including the notes thereto
and the independent registered public accounting firm’s report thereon, (b) the other financial and
statistical data that is included or incorporated by reference therein and (c) the oil and gas
reserve reports and related reserve information contained or incorporated by reference therein, as
to which we express no opinion), when they were filed with the Commission, appear on their face to
be appropriately responsive in all material respects with the requirements of the Securities Act or
the Exchange Act and the rules and regulations of the Commission thereunder.
(g) The execution, delivery and performance of the Underwriting Agreement, the Indenture and
the Securities by the Company and the Subsidiaries, as applicable, and the consummation by the
Company of the transactions contemplated thereby and the issuance of the Securities by the Company
do not conflict with, or result in any breach of, or constitute a default under (nor constitute any
event which with notice, lapse of time, or both would constitute a breach or default under) (A) any
provisions of the Charter or Bylaws of the Company, (B) any Applicable Contract, or (C) assuming
compliance with all applicable state securities laws and assuming the accuracy of the
representations and warranties of the Underwriters contained in the Underwriting Agreement, any
federal or Texas or Delaware state law, regulation or rule or, to our knowledge and without having
investigated governmental records or court dockets, any decree, judgment or order applicable to the
Company or any of the Subsidiaries, except, in the case of clause (B) and (C), for such conflicts,
breaches or defaults that would not, individually or in the aggregate, result in a Material Adverse
Effect and, in the case of clause (C), such counsel need express no opinion with respect to the
anti-fraud provisions of federal securities laws or with respect to state securities laws or Blue
Sky laws.
(h) The Underwriting Agreement has been duly authorized, executed and delivered by the
Company.
(i) The Indenture has been duly authorized, executed and delivered by the Company and,
assuming the due authorization, execution and delivery thereof by the Trustee, constitutes a legal,
valid and binding agreement of the Company, enforceable against the Company and the Subsidiaries in
accordance with its terms except as the enforceability thereof may be limited by (A) bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally, (B)
general principles of equity, whether enforcement is considered in a proceeding in equity or at
law, and the discretion of the court before which any proceeding therefore may be brought and (C)
the rights to indemnity and contribution may be limited by applicable law, rule, regulation or judicial
determination or interpretation of the Commission.
A-2
(j) The Guarantees, as defined in the Indenture, have been duly authorized, executed and
delivered by the Subsidiary Guarantors and, assuming the due authorization, execution and delivery
of the Securities by the Trustee and upon payment for and delivery of the Notes in accordance with
the Underwriting Agreement, each Guarantee will constitute a legal, valid and binding agreement of
each Subsidiary Guarantor, enforceable against each Subsidiary Guarantor in accordance with its
terms except as the enforceability thereof may be limited by (A) bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights generally, (B) general
principles of equity, whether enforcement is considered in a proceeding in equity or at law, and
the discretion of the court before which any proceeding therefore may be brought and (C) the rights
to indemnity and contribution may be limited by applicable law, rule, regulation or judicial
determination or interpretation of the Commission.
(k) The Securities have been duly authorized by the Company, and when executed and duly
authenticated in accordance with the terms of the Indenture and delivered to and paid for by the
Underwriters in accordance with the terms of the Underwriting Agreement, (A) will constitute legal,
valid and binding obligations of the Company, enforceable against the Company in accordance with
their terms, except as the enforceability thereof may be limited by (i) bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights generally, (ii) general
principles of equity, whether enforcement is considered in a proceeding in equity or at law, and
the discretion of the court before which any proceeding therefore may be brought, and (iii) the
rights to indemnity and contribution may be limited by applicable law, rule, regulation or judicial
determination or interpretation of the Commission, and (B) will be entitled to the benefits of the
Indenture.
(l) No approval, authorization, consent or order of or filing with any national, state or
local governmental or regulatory commission, board, body, authority or agency is required in
connection with the issuance and sale by the Company of the Securities as contemplated in the
Underwriting Agreement, other than such as have been obtained under the Securities Act and the
Trust Indenture Act and as may be required under the securities or blue sky laws of the various
jurisdictions in which the Securities are being resold by the Underwriters.
(m) The statements set forth in the Preliminary Prospectus under the caption “Description of
notes” (when taken together with the terms of the Securities set forth in the Time of Sale
Information) and in the Preliminary Prospectus under the caption “Description of debt securities,”
insofar as they purport to constitute a summary of the terms of the Securities, are accurate
summaries in all material respects; and the statements set forth in the Time of Sale Information
and the Prospectus under the caption “Important U.S. federal income tax considerations,” insofar as
they purport to constitute summaries of matters of law or regulation or legal conclusions, are
accurate summaries in all material respects.
(n) The Company is not, and after giving effect to the offering and sale of the Securities and
the application of the proceeds thereof as described in the Registration Statement, the Time of
Sale Information and the Prospectus will not be, required to register
A-3
as an “investment company” as defined in the Investment Company Act of 1940, as amended.
(o) Based upon our participation in conferences with officers and other representatives of the
Company, representatives of the independent public accountants of the Company and representatives
of the Underwriters at which the contents of the Registration Statement, the Time of Sale
Information and the Prospectus and any amendment and supplement thereto and related matters were
discussed and without any additional inquiry or due diligence (except as necessary to express the
opinions set forth above), although we have not conducted any independent investigations with
regard to the information in the Registration Statement, the Time of Sale Information and the
Prospectus and are not passing upon and do not assume any responsibility for the accuracy,
completeness or fairness of the statements contained in the Registration Statement, the Time of
Sale Information and the Prospectus (except to the extent stated in paragraph (m) above), no facts
have come to our attention which lead us to believe that the Registration Statement, at the time of
its effective date (including the information, if any, deemed pursuant to Rule 430A, 430B or 430C
to be part of the Registration Statement at the time of effectiveness), contained any untrue
statement of a material fact or omitted to state a material fact required to be stated therein or
necessary to make the statements therein not misleading, that the Time of Sale Information, at the
Time of Sale (which such counsel may assume to be the date of the Underwriting Agreement) contained
any untrue statement of a material fact or omitted to state a material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading or
that the Prospectus or any amendment or supplement thereto as of its date and the Closing Date
contains any untrue statement of a material fact or omits to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not
misleading (except for (a) the financial statements and related schedules thereto, including the
notes thereto, and the independent registered public accounting firm’s report thereon, (b) the
other financial and statistical data that is included or incorporated by reference therein and (c)
the oil and gas reserve reports and related reserve information contained or incorporated by
reference therein, as to which we express no opinion).
Such counsel may except from the Time of Sale Information for purposes of their opinion item 1
of Annex C (electronic road show).
A-4
SCHEDULE 1
| • | Range Resources Corporation — Texas, Oklahoma | |
| • | Range HoldCo, Inc. — New York, Oklahoma, Pennsylvania, Ohio | |
| • | Range Production Company — Louisiana, Mississippi, New Mexico, Oklahoma, Texas | |
| • | Range Energy Ventures Corporation — Louisiana, Mississippi, Texas | |
| • | Great Lakes Energy Partners, L.L.C. — Ohio | |
| • | Range Operating New Mexico, Inc. — New Mexico | |
| • | Range Production I, L.P. — Louisiana, Mississippi |
A-5
Annex B
OFFICERS’ CERTIFICATE
| 1. | I have reviewed the Registration Statement, the Time of Sale Information and the Prospectus. |
| 2. | The representations and warranties of the Company as set forth in the Underwriting Agreement are true and correct as of the time of purchase. |
| 3. | The Company has performed all of its obligations under the Underwriting Agreement as are to be performed at or before the time of purchase. |
| 4. | The condition set forth in Section 6(d) (No Material Adverse Change) of the Underwriting Agreement has been met. |
Annex C
a. Time of Sale Information
1. Electronic Road Show from 12:00pm EST on May 16, 2006 until pricing in the morning on May
18, 2006
2. Term sheet containing the terms of the securities, substantially in the form of Annex D.
Annex D
| Issuer: | Range Resources Corporation | |||||
| Guarantors: | Range Energy I, Inc., Range HoldCo, Inc., Range Production Company, | |||||
| Range Energy Ventures Corporation, Range Production I, L.P., PMOG | ||||||
| Holdings, Inc., Range Operating New Mexico, Inc., and Great Lakes | ||||||
| Energy Partners, L.L.C. | ||||||
| Security Description: | Senior Subordinated Notes | |||||
| Distribution: | SEC Registered | |||||
| Face: | $150,000,000 | |||||
| Gross Proceeds: | $150,000,000 | |||||
| Coupon: | 7.500% | |||||
| Maturity: | May 15, 2016 | |||||
| Offering Price: | 100.00% | |||||
| Yield to Maturity: | 7.500% | |||||
| Spread to Treasury: | +243bps | |||||
| Benchmark: | UST 5.125% due 5/15/2016 | |||||
| Ratings: | B2/B | |||||
| Interest Pay Dates: | May 15 and November 15 | |||||
| Beginning: | November 15, 2006 | |||||
| Clawback: | Up to 35% at 107.5% | |||||
| Until: | May 15, 2009 | |||||
| Optional redemption: | Makewhole call @ T+50 bps prior to May 15, 2011, then: | |||||
| On or after: | Price: | |||||
| May 15, 2011 | 103.750 | % | ||||
| May 15, 2012 | 102.500 | % | ||||
| May 15, 2013 | 101.250 | % | ||||
| May 15, 2014 and thereafter | 100.000 | % | ||||
| Change of control: | Put @ 101% of principal plus accrued interest | |||||
| Trade Date: | May 18, 2006 | |||||
| Settlement Date: | (T+3) May 23, 2006 | |||||
| CUSIP: | ▇▇▇▇▇▇▇▇▇ | |||||
| ISIN: | US75281AAG40 | |||||
| Sole Bookrunner: | JPMorgan | |||||
| Lead Manager: | Credit Suisse | |||||
| Co-Managers: | Banc of America Securities LLC, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Wachovia Securities, | |||||
| Calyon Securities (USA), Fortis Securities, Capital ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, | ||||||
| ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ Capital, Natexis Bleichroeder Inc., | ||||||
| Comerica Securities | ||||||
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting
▇▇▇▇▇ on the SEC Web site at ▇▇▇.▇▇▇.▇▇▇. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it by calling
collect ▇-▇▇▇-▇▇▇-▇▇▇▇.
Any disclaimer or other notice that may appear below is not applicable to this communication and
should be disregarded. Such disclaimer or notice was automatically generated as a result of this
communication being sent by Bloomberg or another email system.