JPMorgan Chase Bank, N.A.
712 Main St., Floor 5
Houston, Texas 77002

June 5, 2020
Rosehill Operating Company, LLC
16200 Park Row, Suite 300
Houston, TX 77084
Attention: Craig Owen
Email: cowen@rosehillres.com

Rosehill Resources Inc.
16200 Park Row, Suite 300
Houston, TX 77084
Attention: Jennifer Johnson
Email: jjohnson@rosehillres.com
with a copy to:
Gibson, Dunn & Crutcher LLP
811 Main Street
Houston, TX 77002
Attn: Shalla Prichard
Email: sprichard@gibsondunn.com
Re: Second Forbearance Extension and Amendment
Ladies and Gentlemen:
Reference is made to (i) the Forbearance Agreement, dated as of May 4, 2020 (the
“Forbearance Agreement”), among Rosehill Resources Inc. (“RRI”), Rosehill
Operating Company, LLC (the “Borrower”), the financial institutions party
thereto as Consenting Lenders and JPMorgan Chase Bank, N.A., as Issuing Bank and
Administrative Agent (in such agency capacity, the “Administrative Agent”), and
(ii) the Forbearance Extension letter agreement, dated May 29, 2020, among the
same parties (the “Forbearance Extension”). Capitalized terms used in this
letter agreement (this “Agreement”) and not otherwise defined herein shall have
the meanings ascribed thereto in the Forbearance Agreement.
At the Borrower’s request and subject to its agreement to the terms and
conditions of this Agreement, the Administrative Agent and the Consenting
Lenders party hereto (which constitute the Required Lenders) hereby consent to
and agree that, notwithstanding anything contained in the Forbearance Extension,
Forbearance Agreement and the Credit Agreement to the contrary, upon and after
the effectiveness of this Agreement:
(x)
(i) the date range referred to in Section 8(b) of the Forbearance Agreement (as
amended by the Forbearance Extension) shall be amended to read “On or before
June 12, 2020” instead of “Within 32 days of the Forbearance Effective Date”,
and (ii) the date range referred to in Section 8(c) of the Forbearance Agreement
shall be amended to read “On or before June 24, 2020” instead of “Within 40 days
of the Forbearance Effective Date”, in each case for all purposes under the
Forbearance

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Agreement (such period, the “RSA Extension Period”); provided, that, during the
RSA Extension Period and at any time thereafter, the Borrower shall apply all
settlement payments or other net cash proceeds received in respect of any Swap
Agreement (for the avoidance of doubt, after giving effect to customary netting
arrangements under such Swap Agreements) to the prepayment of Borrowings then
outstanding (to be applied as soon as practicable but, in any event, no later
than the next Business Day of receipt of such net cash proceeds and in
accordance with Section 3.04(c)(iv) of the Credit Agreement);
(y)
a new second paragraph of the recitals of the Forbearance Agreement shall be
included (such that the existing second paragraph of such recitals shall become
the third paragraph) as follows:

“WHEREAS, certain Defaults or Events of Default may arise from any landlord’s
liens, operators’, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’,
suppliers’, workers’, materialmen’s, construction or other like Liens arising by
operation of law or otherwise in the ordinary course of business or incident to
the exploration, development, operation and maintenance of Oil and Gas
Properties or Midstream Properties (such Liens, the “Specified Liens”, and such
Defaults or Events of Default, the “Lien Defaults”);” and
(z)
the definition of “Designated Defaults” in the new fourth paragraph of the
recitals of the Forbearance Agreement shall be amended to include Lien Defaults
so long as (and only for so long as) any holder of a Specified Lien has not
exercised any attachment or other enforcement proceedings with respect to the
assets subject to its Specified Lien(s).

The effectiveness of this Agreement is subject to the receipt by the
Administrative Agent of (i) a counterpart of this Agreement, executed and
delivered by the Borrower, RRI, the Administrative Agent, and the Consenting
Lenders, and (ii) such other information regarding the operations, business
affairs and financial condition of the Borrower and such other certificates,
documents, instruments and agreements as the Administrative Agent or any Lender
shall request in connection with the transactions contemplated by this
Agreement, the Credit Agreement and the other Loan Documents.
By its signature set forth below, each of the Borrower, the other Loan Parties,
and RRI hereby confirms and ratifies all of its obligations under the Loan
Documents to which it is a party and that each of the Loan Documents is valid
and enforceable in every respect and that all of the terms and conditions
thereof are legally binding upon each of the Borrower, the other Loan Parties,
and RRI (as applicable) and are hereby reaffirmed and ratified. By its execution
on the respective signature lines provided below, each of the Loan Parties and
RRI hereby confirms and ratifies (a) all of its obligations under the Loan
Documents, (b) the Liens granted to the Administrative Agent by the Loan Parties
under the Security Instruments in respect of the Collateral (including all cash
held in a deposit account and/or a securities account held or maintained with
Administrative Agent that is subject to a control agreement or Mortgaged
Property) as valid, binding, and enforceable first-priority Liens (except Liens
permitted by Section 9.03 of the Credit Agreement to exist) which

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secure the Secured Obligations, and (c) that all references in such Security
Instruments to the “Credit Agreement” (or words of similar import) refer to the
Credit Agreement as amended hereby without impairing any such obligations or
Liens in any respect.
This Agreement is limited solely to the specific matters listed above and shall
not be deemed to be a waiver of any Default or Event of Default or, except as
otherwise set forth above, an amendment of any provision of the Credit
Agreement, the Forbearance Agreement, the Forbearance Extension, or other Loan
Documents. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES TO THE
TERMS AND PROVISIONS SET FORTH FURTHER IN SECTION 12.09 OF THE CREDIT AGREEMENT
AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN MUTATIS MUTANDIS. The
provisions of Sections 4(f), 10, 11, 14, 15, 16, 17, 18, 19, 20, and 24 of the
Forbearance Agreement shall apply to this Agreement mutatis mutandis. Each of
the representations and warranties made by or on behalf of the Borrower, the
other Loan Parties, RRI, the Administrative Agent and the Consenting Lenders
contained in the Forbearance Agreement, was true and correct in all material
respects when made, and is, true and correct in all material respects on and as
of the date of this Agreement with the same full force and effect as if each of
such representations and warranties had been made by such party on the date
hereof and in this Agreement, except that references in such representations in
the Forbearance Agreement to “this Agreement” shall be construed as references
to this Agreement, and except for any representations and warranties in respect
of the Designated Defaults or in respect of the existence of any Default or
Event of Default arising from any landlord’s liens, operators’, vendors’,
carriers’, warehousemen’s, repairmen’s, mechanics’, suppliers’, workers’,
materialmen’s, construction or other like Liens arising by operation of law or
otherwise in the ordinary course of business or incident to the exploration,
development, operation and maintenance of Oil and Gas Properties or Midstream
Properties. This Agreement may be executed in any number of counterparts and by
different parties 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. Signature pages may be detached from multiple separate
counterparts and attached to a single counterpart. Delivery of an executed
signature page of this Agreement by facsimile transmission or electronic
transmission shall be as effective as delivery of a manually executed
counterpart hereof.
[Signature pages follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.
ROSEHILL OPERATING COMPANY, LLC, as Borrower
By:
/s/ R. Craig Owen
Name:
R. Craig Owen
Title:
Senior Vice President & Chief Financial Officer

ROSEHILL RESOURCES INC.,  
as RRI
By:
/s/ R. Craig Owen
Name:
R. Craig Owen
Title:
Senior Vice President & Chief Financial Officer

[Signature Page to Second Forbearance Extension and Amendment]

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JPMORGAN CHASE BANK, N.A.,  
as Administrative Agent, Lender and Issuing Bank
By:
/s/ Anca Loghin
Name:
Anca Loghin
Title:
Authorized Officer

[Signature Page to Second Forbearance Extension and Amendment]

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CITIBANK N.A.,  
as Lender
By:
/s/ Thomas Skipper
Name:
Thomas Skipper
Title:
Vice President

[Signature Page to Second Forbearance Extension and Amendment]

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BBVA USA,  
as Lender
By:
/s/ Gabriela Azcarate
Name:
Gabriela Azcarate
Title:
Senior Vice President

[Signature Page to Second Forbearance Extension and Amendment]

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BMO HARRIS BANK N.A.,  
as Lender
By:
/s/ Radhika Kapur
Name:
Radhika Kapur
Title:
Vice President

[Signature Page to Second Forbearance Extension and Amendment]

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TRUIST BANK,  
as Lender
By:
/s/ Benjamin L. Brown
Name:
Benjamin L. Brown
Title:
Director

[Signature Page to Second Forbearance Extension and Amendment]

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FIFTH THIRD BANK, NATIONAL ASSOCIATION,  
as Lender
By:
/s/ Michael Miller
Name:
Michael Miller
Title:
Vice President

[Signature Page to Second Forbearance Extension and Amendment]

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ING Capital LLC,  
as Lender
By:
/s/ Juli Bieser
Name:
Juli Bieser
Title:
Managing Director
 
 
By:
/s/ Scott Lamoreaux
Name:
Scott Lamoreaux
Title:
Director

[Signature Page to Second Forbearance Extension and Amendment]