EXECUTION VERSION

AMENDMENT NO. 4 TO CREDIT AGREEMENT

This Amendment No. 4 to Credit Agreement (this “Amendment”) dated as of December
17, 2019 (the “Effective Date”), is among Berry Petroleum Company, LLC, a
Delaware limited liability company (the “Borrower”), Berry Petroleum
Corporation, a Delaware corporation (the “Parent” and the “Guarantor”), Wells
Fargo Bank, National Association, as administrative agent (in such capacity, the
“Administrative Agent”) and as issuing lender (in such capacity, the “Issuing
Lender”), and the Lenders (as defined below).
RECITALS

A.    Reference is made to that certain Credit Agreement dated as of July 31,
2017 (as amended by that certain Limited Waiver and Amendment No. 1 to Credit
Agreement dated as of November 16, 2017, Amendment No. 2 to Credit Agreement
dated as of March 8, 2018, Amendment No. 3 to Credit Agreement dated as November
14, 2018, and as further amended, restated, supplemented, or otherwise modified
from time to time, including by this Amendment, the “Credit Agreement”) among
the Borrower, the Parent, the Administrative Agent, the Issuing Lender and the
financial institutions party thereto as lenders from time to time (the
“Lenders”).

B.    Subject to the terms and conditions set forth herein the parties hereto
wish to amend the Credit Agreement as provided herein.

NOW THEREFORE, in consideration of the premises and the mutual covenants,
representations and warranties contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:
Section 1.    Defined Terms. As used in this Amendment, each of the terms
defined in the opening paragraph and the Recitals above shall have the meanings
assigned to such terms therein. Each term defined in the Credit Agreement and
used herein without definition shall have the meaning assigned to such term in
the Credit Agreement, unless expressly provided to the contrary.
Section 2.    Other Definitional Provisions. Article, Section, Schedule, and
Exhibit references are to Articles and Sections of and Schedules and Exhibits to
this Amendment, unless otherwise specified. The words “hereof”, “herein”, and
“hereunder” and words of similar import when used in this Amendment shall refer
to this Amendment as a whole and not to any particular provision of this
Amendment. The term “including” means “including, without limitation,”.
Paragraph headings have been inserted in this Amendment as a matter of
convenience for reference only and it is agreed that such paragraph headings are
not a part of this Amendment and shall not be used in the interpretation of any
provision of this Amendment.
Section 3.    Amendments to Credit Agreement.
(a)    The definition of “Investment Conditions” in Section 1.1 of the Credit
Agreement is hereby amended and restated in its entirety as follows:

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“Investment Conditions” means, both before and after giving effect to such
investment, (a) no Default or Event of Default exists, (b) no Borrowing Base
Deficiency exists, (c) Availability, is equal to or greater than, (i) if the
Elected Commitments are then in effect, 15% of the then effective Aggregate
Elected Commitment Amounts and (ii) if the Elected Commitments are not then in
effect, 15% of the then effective Borrowing Base, and (d) the Parent
demonstrates a pro forma Leverage Ratio of less than or equal to 2.75 to 1.00
(with Consolidated EBITDAX being calculated based on the financial statements
most recently provided and Debt being calculated as of the date of the
applicable transaction and after giving effect thereto).
(b)    Section 6.9(b)(i) of the Credit Agreement is hereby amended to amend and
restate such subsection in its entirety as follows:
“(i)    the Borrower (and Intermediate Holdco, if applicable) may make
Restricted Payments to the Intermediate Holdco and Parent, as the case may be,
and the Parent may make Restricted Payments to the holders of its Equity
Interests so long as, both before and after giving effect to such Restricted
Payment, (A) no Default or Borrowing Base Deficiency exists, (B) Availability,
is equal to or greater than (1) if the Elected Commitments are then in effect,
15% of the then effective Aggregate Elected Commitment Amount and (2) if the
Elected Commitments are not then in effect, 15% of the then effective Borrowing
Base; and (C) the Parent demonstrates a pro forma Leverage Ratio of less than or
equal to 2.75 to 1.00 (with Consolidated EBITDAX being calculated based on the
financial statements most recently provided and Debt being calculated as of the
date of the applicable transaction and after giving effect thereto);”
(c)    Section 6.9(c) of the Credit Agreement is hereby amended to amend and
restate such subsection in its entirety as follows:
“(c)    The Borrower shall not, and shall not permit any Credit Party to, prior
to the date that is 180 days after the Maturity Date, call, make or offer to
make any optional or voluntary Redemption of, or otherwise optionally or
voluntarily Redeem (whether in whole or in part), any Specified Additional Debt
(other than the payment of regularly scheduled interest owing in respect of such
Specified Additional Debt), provided that, the Credit Parties may voluntarily
Redeem Specified Additional Debt (i) with cash proceeds from any incurrence of
Specified Additional Debt so long as such Redemption occurs substantially
contemporaneously with the receipt of such proceeds, (ii) with cash proceeds of
an offering of Equity Interests in the Parent, so long as, in the case of this
clause (ii), no Default or Borrowing Base Deficiency has occurred and is
continuing both before and after giving effect to such Redemption and such
Redemption occurs substantially contemporaneously with, and in any event within
three (3) Business Days following, the receipt of such proceeds, and (iii) if,
both before and after giving effect to such Redemption, (A) no Default exists,
(B) no Borrowing Base Deficiency exists, (C) Availability, is equal to or
greater than, (1)

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if the Elected Commitments are then in effect, 15% of the then effective
Aggregate Elected Commitment Amounts and (2) if the Elected Commitments are not
then in effect, 15% of the then effective Borrowing Base, and (D) the Parent
demonstrates a pro forma Leverage Ratio of less than or equal to 2.75 to 1.00
(with Consolidated EBITDAX being calculated based on the financial statements
most recently provided and Debt being calculated as of the date of the
applicable transaction and after giving effect thereto);”
Section 4.    Representations and Warranties. Each Credit Party represents and
warrants that, as of the date hereof: (a) the representations and warranties of
such Credit Party contained in the Credit Agreement and in the other Credit
Documents are true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text
thereof) on and as of the Effective Date as if made on and as of such date,
except that any representation and warranty which by its terms is made as of a
specified date is true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text
thereof) only as of such specified date; (b) no Default has occurred and is
continuing; (c) the execution, delivery and performance of this Amendment are
within such Credit Party’s powers and have been duly authorized by all necessary
corporate, limited liability company, or partnership action; (d) this Amendment
constitutes the legal, valid, and binding obligation of such Credit Party
enforceable against such Credit Party in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, or
similar laws affecting the rights of creditors generally and general principles
of equity whether applied by a court of law or equity; (e) the execution,
delivery and performance of this Amendment by such Credit Party do not require
any authorization or approval or other action by, or any notice or filing with,
any Governmental Authority other than those that have been obtained or provided;
and (f) the Liens under the Security Documents are valid and subsisting and
secure the obligations under the Credit Documents.
Section 5.    Conditions to Effectiveness. This Amendment shall become effective
on the Effective Date and enforceable against the parties hereto upon the
occurrence of the following conditions precedent:
(a)    The Administrative Agent shall have received multiple original
counterparts, as requested by the Administrative Agent, of this Amendment, duly
and validly executed and delivered by duly authorized officers of the Borrower,
the Guarantor, the Administrative Agent, and the Lenders constituting Majority
Lenders.
(b)    The Borrower shall have paid to the Administrative Agent all reasonable
out-of-pocket costs and expenses that have been invoiced and are payable
pursuant to Section 10.1 of the Credit Agreement.
(c)    The Administrative Agent shall have received such other documents,
governmental certificates, agreements, and lien searches as the Administrative
Agent or any Lender may reasonably request.

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(d)    The representations and warranties in this Amendment shall be true and
correct in all material respects (except that such materiality qualifier shall
not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof) as of such date except
to the extent that any such representation or warranty expressly relates solely
to an earlier date, in which case it shall have been true and correct in all
material respects (except that such materiality qualifier shall not be
applicable to any representations and warranties that already are qualified or
modified by materiality in the text thereof) as of such earlier date, and no
Default shall have occurred and be continuing.
Section 6.    Acknowledgments and Agreements.
(a)    Each Credit Party acknowledges that on the date hereof all outstanding
Secured Obligations are payable in accordance with their terms and each Credit
Party waives any set-off, counterclaim, recoupment, defense, or other right, in
each case, existing on the date hereof, with respect to such Secured
Obligations. Each party hereto does hereby adopt, ratify, and confirm the Credit
Agreement, as amended hereby, and acknowledges and agrees that the Credit
Agreement, as amended hereby, is and remains in full force and effect, and each
Credit Party acknowledges and agrees that its respective liabilities and
obligations under the Credit Agreement, as amended hereby, and the other Credit
Documents are not impaired in any respect by this Amendment.
(b)    The Administrative Agent, the Issuing Lender, and the Lenders hereby
expressly reserve all of their rights, remedies, and claims under the Credit
Documents. Nothing in this Amendment shall constitute a waiver or relinquishment
of (i) any Default or Event of Default under any of the Credit Documents, (ii)
any of the agreements, terms or conditions contained in any of the Credit
Documents, (iii) any rights or remedies of the Administrative Agent, the Issuing
Lender, or any Lender with respect to the Credit Documents, or (iv) the rights
of the Administrative Agent, the Issuing Lender, or any Lender to collect the
full amounts owing to them under the Credit Documents.
(c)    This Amendment is a Credit Document for the purposes of the provisions of
the other Credit Documents. Without limiting the foregoing, any breach of
representations, warranties, and covenants under this Amendment shall be a
Default or Event of Default, as applicable, under the Credit Agreement.
Section 7.    Reaffirmation of the Guaranty. The Guarantor hereby ratifies,
confirms, acknowledges and agrees that its obligations under the Guaranty are in
full force and effect and that the Guarantor continues to unconditionally and
irrevocably guarantee the full and punctual payment, when due, whether at stated
maturity or earlier by acceleration or otherwise, of all the Guaranteed
Obligations (as defined in the Guaranty), and its execution and delivery of this
Amendment does not indicate or establish an approval or consent requirement by
the Guarantor under the Guaranty, in connection with the execution and delivery
of amendments, consents or waivers to the Credit Agreement or any of the other
Credit Documents.
Section 8.    Reaffirmation of Liens. Each Credit Party (a) reaffirms the terms
of and its obligations (and the security interests granted by it) under each
Security Document to which it is a party, and agrees that each such Security
Document will continue in full force and effect to

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secure the Secured Obligations as the same may be amended, supplemented, or
otherwise modified from time to time, and (b) acknowledges, represents, warrants
and agrees that the Liens and security interests granted by it pursuant to the
Security Documents are valid, enforceable and subsisting and create an
Acceptable Security Interest to secure the Secured Obligations.
Section 9.    Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page of this Amendment by facsimile or in electronic
(i.e., “pdf” or “tif”) format shall be effective as delivery of a manually
executed counterpart of this Amendment.
Section 10.    Successors and Assigns. This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns permitted pursuant to the Credit Agreement.
Section 11.    Severability. In case one or more of the provisions of this
Amendment shall for any reason be invalid, illegal or unenforceable in any
respect under any applicable law, the validity, legality and enforceability of
the remaining provisions contained herein or in the other Credit Documents shall
not be affected or impaired thereby.
Section 12.    Governing Law. This Amendment shall be deemed to be a contract
made under and shall be governed by and construed in accordance with the laws of
the State of New York without regard to conflicts of laws principles (other than
Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New
York).
Section 13.    Entire Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT, THE
NOTES, AND THE OTHER CREDIT DOCUMENTS CONSTITUTE THE ENTIRE UNDERSTANDING AMONG
THE PARTIES HERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY
PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
[SIGNATURES BEGIN ON NEXT PAGE]

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EXECUTED to be effective as of the date first above written.

BORROWER:

BERRY PETROLEUM COMPANY, LLC

By:
/s/ Cary Baetz            

Name:
Cary Baetz

Title:    Chief Financial Officer

GUARANTOR:

BERRY PETROLEUM CORPORATION

By:
/s/ Cary Baetz                

Name:    Cary Baetz
Title:
Chief Financial Officer

[Signature Page to Amendment No. 4]

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ADMINISTRATIVE AGENT/ISSUING
LENDER/LENDER:

WELLS FARGO BANK,
NATIONAL ASSOCIATION,
as Administrative Agent, and a Lender

By:    /s/ Jonathan Herrick        
Name:    Jonathan Herrick
Title:    Director

[Signature Page to Amendment No. 4]

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LENDERS:

BANK OF MONTREAL, as a Lender

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

[Signature Page to Amendment No. 4]

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KEYBANK NATIONAL ASSOCIATION, as a Lender

By:     /s/ David M. Bornstein    
Name: David M. Bornstein
Title:    Senior Vice President

[Signature Page to Amendment No. 4]

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ABN AMRO CAPITAL USA LLC,
as a Lender

By:     /s/ Darrell Holley        
Name:    Darrell Holley
Title:    Managing Director
By:     /s/ Beth Johnson        
Name:    Beth Johnson
Title:    Executive Director

[Signature Page to Amendment No. 4]

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BOKF, N.A., as a Lender

By:     /s/ Sonja Borodko        
Name:    Sonja Borodko
Title:    Senior Vice President

[Signature Page to Amendment No. 4]

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CAPITAL ONE, NATIONAL ASSOCIATION,
as a Lender
 

By:     /s/ Monica Pantea        
Name: Monica Pantea
Title:    Vice President

[Signature Page to Amendment No. 4]

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CITIZENS BANK, N.A., as a Lender

By:     /s/ Hernando Garcia        
Name:    Hernando Garcia
Title:    Director

[Signature Page to Amendment No. 4]

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CATHAY BANK, as a Lender

By:     /s/ Dale T. Wilson        
Name:    Dale T. Wilson
Title:    Senior Vice President

[Signature Page to Amendment No. 4]

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ING CAPITAL LLC, as a Lender

By:     /s/ Juli Bieser            
Name:    Juli Bieser
Title:    Managing Director
By:     /s/ Scott Lamoreaux        
Name: Scott Lamoreaux
Title:    Director

[Signature Page to Amendment No. 4]

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MORGAN STANLEY BANK, N.A., as a Lender
By:     /s/ John Kuhns            
Name:    John Kuhns
Title:    Authorized Signatory

[Signature Page to Amendment No. 4]

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UBS AG, STAMFORD BRANCH, as a Lender
By:     /s/ Darlene Arias        
Name:    Darlene Arias
Title:    Director
By:     /s/ Houssem Daly        
Name: Houssem Daly
Title:    Associate Director

[Signature Page to Amendment No. 4]

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BP ENERGY COMPANY, as a Lender
By:     /s/ Mark Galicia        
Name:    Mark Galicia
Title:    Attorney in Fact

[Signature Page to Amendment No. 4]

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GOLDMAN SACHS LENDING PARTNERS LLC, as a Lender
By:     /s/ Jamie Minieri        
Name: Jamie Minieri
Title:    Authorized Signatory

[Signature Page to Amendment No. 4]

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MACQUARIE BANK LIMITED, as a Lender
By:     /s/ Ben Mossemenear        
Name:    Ben Mossemenear
Title:    Division Director
By:     /s/ Kristen Adler        
Name:    Kristen Adler
Title:    Associate Director

[Signature Page to Amendment No. 4]

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IBERIA BANK, as a Lender
By:     /s/ Blakely Norris        
Name:    Blakely Norris
Title:    Vice President

[Signature Page to Amendment No. 4]

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ARVEST BANK, as a Lender

By:     /s/ S. Matt Condry        
Name:    S. Matt Condry
Title:    VP Commercial Banking

[Signature Page to Amendment No. 4]