Execution Version

SIXTH AMENDMENT TO CREDIT AGREEMENT

This SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered
into as of May 5, 2017, by and among QEP RESOURCES, INC., a Delaware corporation
(the “Borrower”), the Lenders named on the signature pages hereto (the
“Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
for the Lenders (in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to
that certain Credit Agreement dated as of August 25, 2011, as amended by that
certain First Amendment to Credit Agreement dated as of July 6, 2012, that
certain Second Amendment to Credit Agreement dated as of August 13, 2013, that
certain Third Amendment to Credit Agreement dated as of February 25, 2014, that
certain Fourth Amendment to Credit Agreement and Commitment Increase Agreement
dated as of December 2, 2014 and that certain Fifth Amendment to Credit
Agreement dated as of November 23, 2015 (as amended by this Amendment and as
otherwise amended, restated or modified from time to time, the “Credit
Agreement”);

WHEREAS, the Borrower has requested that the Credit Agreement be amended to
revise certain financial covenants and to make certain other amendments to the
Credit Agreement as set forth herein; and

WHEREAS, subject to terms of this Amendment, the Lenders who are signatories
hereto, the Administrative Agent and the Borrower agree to amend the Credit
Agreement as set out in Section 2 below, such amendments to be effective on the
Amendment Effective Date (as defined herein).

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

1.Definitions. Unless otherwise defined in this Amendment, all other terms used
in this Amendment which are defined in the Credit Agreement shall have the
meanings assigned to such terms in the Credit Agreement. The interpretive
provisions set forth in Section 1.02 of the Credit Agreement shall apply to this
Amendment.

2.Amendments to the Credit Agreement. The following amendments to the Credit
Agreement shall be effective on the date (the “Amendment Effective Date”) that
the conditions set forth in Section 3 of this Amendment have been satisfied.

(a)Certain Amended Definitions. The following defined terms appearing in Section
1.01 (Defined Terms) of the Credit Agreement are amended as set forth below:

(i)The definition of “Consolidated EBITDAX” is amended to delete the word “and”
immediately before clause (vii) thereof, insert the following new phrase
immediately after the phrase “Swap Contracts,”, and delete the last sentence of
such definition:

, (viii) any non-recurring non-cash expenses or extraordinary non-cash expenses
with respect to contingent liabilities (provided that if any such non-cash
charges represent an accrual or reserve for potential cash items in any future
period, (1) the Borrower may determine not to add back such non-cash charge in
the current period and (2) to the extent the Borrower does decide to add back
such non-cash charge, the cash payment in respect thereof in such future period
shall be subtracted from Consolidated EBITDAX to such extent, and excluding
amortization of a prepaid cash item that was paid in a prior period) and (ix)
any non-cash charges or expenses incurred pursuant to any incentive compensation
plan not paid in cash,

(ii)The definition of “Consolidated Funded Debt” is amended in its entirety to
read as follows:

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“Consolidated Funded Debt” means the aggregate of the Indebtedness of the
Borrower and its Subsidiaries described in clauses (a), (b), (d), (e), (f), (g),
(h) and (i) (other than Indebtedness consisting of Guarantees in respect of net
obligations of the Borrower and its Subsidiaries under any Swap Contract
otherwise permitted under this Agreement) of the definition of Indebtedness in
Section 1.01, on a consolidated basis after elimination of intercompany items.
For purposes of clarity, Convertible Securities shall not constitute
Indebtedness for the purposes of this definition of “Consolidated Funded Debt”.

(iii)The definition of “Debt Ratings” is amended in its entirety to read as
follows:

“Debt Ratings” means, as of any date of determination, the ratings as determined
by Moody’s, S&P and Fitch of the Borrower’s non-credit enhanced senior unsecured
long-term debt.

(iv)The definition of “Debt Ratings Trigger Event” is amended in its entirety to
read as follows:
“Debt Ratings Trigger Event” means any change in the Debt Ratings the result of
which is the highest two Debt Ratings are greater than or equal to three notches
in aggregate below Ba1 by Moody’s, BB+ by S&P, and BB+ by Fitch (as applicable).

(v)The definition of “Debt Ratings Trigger Period” is amended in its entirety to
read as follows:
“Debt Ratings Trigger Period” means the period beginning on the date that a Debt
Ratings Trigger Event occurs and ending on the date that the two highest Debt
Ratings are in aggregate less than three notches below Ba1 by Moody’s, BB+ by
S&P, and BB+ by Fitch (as applicable).

(vi)The definition of “Equity Interests”, “equity interests”, and “equity
securities” is amended to delete the last sentence thereof.

(vii)The definition of “Defaulting Lender” is amended in its entirety to read as
follows:

“Defaulting Lender” means, subject to Section 2.16(f), any Lender that (a) has
failed to (i) fund all or any portion of its Loans within two Business Days of
the date such Loans were required to be funded hereunder unless such Lender
notifies the Administrative Agent and the Borrower in writing that such failure
is the result of such Lender’s determination that one or more conditions
precedent to funding (each of which conditions precedent, together with any
applicable default, shall be specifically identified in such writing) has not
been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the
Swing Line Lender or any other Lender any other amount required to be paid by it
hereunder (including in respect of its participation in Letters of Credit or
Swing Line Loans) within two Business Days of the date when due, (b) has
notified the Borrower, the Administrative Agent, the L/C Issuer or the Swing
Line Lender in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect (unless
such writing or public statement relates to such Lender’s obligation to fund a
Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent,
together with any applicable default, shall be specifically identified in such
writing or public statement) cannot be satisfied), (c) has failed, within three
Business Days after written request by the Administrative Agent or the Borrower,
to confirm in writing to the Administrative Agent and the Borrower that it will
comply with its prospective funding obligations hereunder (provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
receipt of such written confirmation by the Administrative Agent and the
Borrower), (d) has, or has a direct or indirect parent company that has, become
the subject of a Bail-In Action, or (e) has, or has a direct or indirect parent
company that has, (i) become the subject of a proceeding under any Debtor Relief
Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged
with reorganization or liquidation of its business or assets, including the
Federal Deposit Insurance Corporation or any other state or federal regulatory
authority acting in such a capacity; provided that a Lender shall not be a
Defaulting Lender solely by virtue of the ownership

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or acquisition of any equity interest in that Lender or any direct or indirect
parent company thereof by a Governmental Authority so long as such ownership
interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets (except in the case of Export
Development Canada) or permit such Lender (or such Governmental Authority) to
reject, repudiate, disavow or disaffirm any contracts or agreements made with
such Lender. Any determination by the Administrative Agent that a Lender is a
Defaulting Lender under clauses (a) through (e) above shall be conclusive and
binding absent manifest error, and such Lender shall be deemed to be a
Defaulting Lender (subject to Section 2.16(f)) upon delivery of written notice
of such determination to the Borrower, the L/C Issuer, the Swing Line Lender and
each Lender.

(viii)The definition of “Federal Funds Rate” is amended it its entirety to read
as follows:
“Federal Funds Rate” means, for any day, the rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System on such day, as published by the Federal
Reserve Bank of New York on the Business Day next succeeding such day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for such day
shall be such rate on such transactions on the next preceding Business Day as so
published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such
day shall be the average rate (rounded, if necessary, to the nearest 1/100 of
1%) charged to Wells Fargo Bank on such day on such transactions as determined
by the Administrative Agent; provided that if such rate would otherwise be less
than zero, such rate shall be deemed to be zero for the purposes of this
Agreement.

(ix)The definition of “Investment Grade Date” is amended in its entirety to read
as follows:
“Investment Grade Date” means the first date occurring after the Closing Date
upon which the Borrower receives (i) two of the following: a Debt Rating of Baa3
or better from Moody’s, BBB- or better from S&P or BBB- or better from Fitch,
and (ii) a third Debt Rating of Ba1 or better from Moody’s, BB+ or better from
S&P or BB+ or better from Fitch, as applicable, in each case, without negative
outlook or negative watch.

(x)The definition of “Present Value to Consolidated Net Funded Debt Ratio” is
amended in its entirety to read as follows:

“Present Value to Consolidated Net Funded Debt Ratio” means, as of any date of
determination, the ratio of (a) the sum of (1) Present Value as of such date
plus (2) the product of (A) 3.5 times (B) Consolidated EBITDA-Midstream for the
period of the four fiscal quarters most recently ended to (b) Consolidated Net
Funded Debt as of such date.

(xi)The definition of “Sanctioned Country” is amended in its entirety to read as
follows:
“Sanctioned Country” means, at any time, a country, region or territory which
itself is the subject or target of any Sanctions.

(b)The following defined terms are hereby added to Section 1.01 (Defined Terms)
of the Credit Agreement in the appropriate alphabetical order:

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

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“Consolidated EBITDA-Midstream” means, for any period, the sum of Consolidated
Net Income-Midstream for such period plus (a) the following to the extent
deducted in calculating such Consolidated Net Income-Midstream: (i) Consolidated
Interest Charges-Midstream for such period, (ii) the provision for Federal,
state, local and foreign income taxes payable by the Midstream Subsidiaries and
their respective Restricted Subsidiaries for such period, (iii) depreciation and
amortization expense, (iv) any impairment and abandonment expense, (v) any
extraordinary losses of the Midstream Subsidiaries and their Restricted
Subsidiaries (including losses on sales of assets outside of the ordinary course
of business), (vi) unrealized losses under Swap Contracts, (vii) any
non-recurring non-cash expenses or extraordinary non-cash expenses with respect
to contingent liabilities (provided that if any such non-cash charges represent
an accrual or reserve for potential cash items in any future period, (1) the
Borrower may determine not to add back such non-cash charge in the current
period and (2) to the extent the Borrower does decide to add back such non-cash
charge, the cash payment in respect thereof in such future period shall be
subtracted from Consolidated EBITDA-Midstream to such extent, and excluding
amortization of a prepaid cash item that was paid in a prior period) and (viii)
any non-cash charges or expenses incurred pursuant to any incentive compensation
plan not paid in cash, and minus (b) the following to the extent included in
calculating such Consolidated Net Income-Midstream: (i) Federal, state, local
and foreign income tax credits of the Midstream Subsidiaries and their
respective Restricted Subsidiaries for such period, (ii) all non-cash items
increasing Consolidated Net Income-Midstream for such period, (iii) gains on
sales of assets outside the ordinary course of business and (iv) unrealized
gains under Swap Contracts, provided, however, that Consolidated
EBITDA-Midstream shall be calculated on a pro forma basis to give effect to any
acquisitions or divestitures (in a single transaction or series of related
transactions) having an aggregate fair market value equal to or exceeding
$50,000,000 during the relevant calculation period (including pro forma effect
of any expense or cost reductions or increases that have occurred or are
reasonably expected to occur as a result of such transaction) made by the
Midstream Subsidiaries or their respective Restricted Subsidiaries during the
relevant calculation period as if such acquisition or divestiture had occurred
on the first day of the relevant calculation period.

“Consolidated Interest Charges-Midstream” means, for any period, for the
Midstream Subsidiaries and their respective Restricted Subsidiaries on a
consolidated basis, the sum of (a) all interest, premium payments, debt
discount, fees, charges and related expenses of the Midstream Subsidiaries and
their respective Restricted Subsidiaries in connection with borrowed money
(including capitalized interest) or in connection with the deferred purchase
price of assets, in each case to the extent treated as interest in accordance
with GAAP, and (b) the portion of rent expense of the Midstream Subsidiaries and
their respective Restricted Subsidiaries with respect to such period under
capital leases that is treated as interest in accordance with GAAP.

“Consolidated Net Income-Midstream” means, for any period, for the Midstream
Subsidiaries and their respective Restricted Subsidiaries on a consolidated
basis, the net income of the Midstream Subsidiaries and their respective
Restricted Subsidiaries (excluding extraordinary gains and extraordinary losses)
for that period.

“Convertible Securities” means Equity Interests of the Borrower or any
Subsidiary that is or will become, after the passage of a specified amount of
time (not to exceed three (3) years), mandatorily convertible into or
mandatorily exchangeable for common Equity Interests of the Borrower or any
Subsidiary.

“EEA Financial Institution” means (a) any institution established in any EEA
Member Country which is subject to the supervision of an EEA Resolution
Authority, (b) any entity established in an EEA Member Country which is a parent
of an institution described in clause (a) of this definition, or (c) any
institution established in an EEA Member Country which is a subsidiary of an
institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent.

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“EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.

“EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor Person), as in effect
from time to time.
“Fitch” means Fitch Ratings Inc. and any successor thereto.

“Midstream Assets” means all of the oil, gas and water gathering, transporting,
treatment, storing, processing, compression, trunk lines and associated
equipment owned by the Midstream Subsidiaries and their respective Restricted
Subsidiaries.

“Midstream Services” means the provision of gathering, transporting,
terminalling, treating, storing, and processing hydrocarbons and other similar
activities, including services involving the sourcing, handling, storing,
processing, recycling and ultimately disposing of water associated with
operations.

“Midstream Subsidiaries” means any Subsidiary of the Borrower that the Borrower,
with the approval of the Administrative Agent, designates as a Midstream
Subsidiary, in each case for so long as such Subsidiary is engaged primarily in
the business of providing Midstream Services and its assets are comprised only
of Midstream Assets and assets related and incidental thereto.

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.

(c)Certain Deleted Definitions. The following defined terms are hereby deleted
in their entirety from Section 1.01 (Defined Terms) of the Credit Agreement:

“Acquired Permian Assets”

“Permian Acquisition”

“Permian Acquisition Agreement”

“QEP Field Services Sale”

“Sale Agreement”

(d)Amendment to Section 2.16(d) (Defaulting Lenders). The last sentence in
Section 2.16(d) of the Credit Agreement is amended in its entirety to read as
follows:

Subject to Section 10.23, no reallocation hereunder shall constitute a waiver or
release of any claim of any party hereunder against a Defaulting Lender arising
from that Lender having become a Defaulting Lender, including any claim of a
non-Defaulting Lender as a result of such non-Defaulting Lender’s increased
exposure following such reallocation.

(e)New Section 5.20 (EEA Financial Institutions). Article 5 (Representations and
Warranties) of the Credit Agreement is hereby amended by inserting the following
new Section 5.20 (EEA Financial Institutions) therein immediately following the
existing Section 5.19 (Anti-Corruption Laws and Sanctions):

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5.20.    EEA Financial Institutions. The Borrower is not an EEA Financial
Institution.

(f)Amendment to Section 6.03(c). Section 6.03(c) of the Credit Agreement is
amended in its entirety to read as follows:

(c)    any announcement by Moody’s, S&P or Fitch of any change, or notification
to the Borrower by Moody’s, S&P or Fitch of a possible change, in a Debt Rating.

(g)Amendment to Section 7.09(j). Section 7.09(j) of the Credit Agreement is
amended in its entirety to read as follows:

(j)    other property which is sold for fair consideration, provided that the
net book value of such property sold during any fiscal year, when added to the
net book value of other property sold pursuant to this Section 7.09(j) during
such fiscal year, do not exceed an amount equal to fifteen percent (15%) of the
consolidated net book value of the Borrower’s and its Restricted Subsidiaries’
property, plant and equipment as of the last day of the previous fiscal quarter;

(h)Amendment to Section 7.09(m). Section 7.09(m) of the Credit Agreement is
amended in its entirety to read as follows:

(m)    assignments made in order to structure and consummate qualifying asset
sales as reverse like kind exchanges or forward like kind exchanges under
Section 1031 of the Code, that are to exchange intermediaries, title holders
and/or similar entities that are parties to such like kind exchange transaction,
including the assignments of purchase agreements and loan receivables created in
connection with such like kind exchanges; provided that (a) each such qualifying
asset sale must be consummated in accordance with Section 1031 of the Code, and
(b) the aggregate net book value of the assets sold pursuant to such asset sales
(excluding net book value attributable to the purchase agreements and loan
receivables assigned in connection therewith) during any fiscal year does not
exceed an amount equal to fifteen percent (15%) of the consolidated net book
value of the Borrower’s and its Restricted Subsidiaries’ property, plant and
equipment as of the last day of the fiscal quarter immediately preceding such
date of determination.

(i)Amendment to Section 7.11(b). Section 7.11(b) (Leverage Ratio) of the Credit
Agreement is amended in its entirety to read as follows:

(b)    Leverage Ratio. As of the last day of each fiscal quarter of the
Borrower, the Consolidated Leverage Ratio will not exceed for each fiscal
quarter (i) ended prior to, and through and including, the fiscal quarter ending
December 31, 2015, 3.75 to 1.0, (ii) commencing with the fiscal quarter ending
March 31, 2016, through and including the fiscal quarter ending December 31,
2017, 4.25 to 1.0 and (iii) commencing with the fiscal quarter ending March 31,
2018, through and including the fiscal quarter ending December 31, 2018, 4.00 to
1.0, and (iv) thereafter, 3.75 to 1.0. From and after the Investment Grade Date,
this Section 7.11(b) shall cease to apply.

(j)New Section 10.23 (Acknowledgement and Consent to Bail-In of EEA Financial
Institutions). Article 10 (Miscellaneous) of the Credit Agreement is hereby
amended by inserting the following new Section 10.23 (Acknowledgement and
Consent to Bail-In of EEA Financial Institutions) therein immediately following
the existing Section 10.22 (ENTIRE AGREEMENT):

10.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other
agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any EEA Financial Institution arising
under any Loan Document may be subject to the Write-Down and

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Conversion Powers of an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by:

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it
by any party hereto that is an EEA Financial Institution; and

(b) the effects of any Bail-In Action on any such liability, including, if
applicable:
(i) a reduction in full or in part or cancellation of any such liability;
(ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent entity,
or a bridge institution that may be issued to it or otherwise conferred on it,
and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or
any other Loan Document; or
(iii) the variation of the terms of such liability in connection with the
exercise of the Write-Down and Conversion Powers of any EEA Resolution
Authority.

(k)Amendment to Schedule 10.02. Schedule 10.02 to the Credit Agreement is hereby
amended and restated in its entirety as set forth on Schedule 10.02 attached
hereto.

3.Conditions of Effectiveness. This Amendment shall be effective as of the
Amendment Effective Date upon the satisfaction of the following conditions
precedent:

(a)The Administrative Agent shall have received counterparts of this Amendment
executed by the Borrower, the Administrative Agent, the Swing Line Lender and
the Required Lenders;

(b)No Default exists; and

(c)The Borrower shall have paid all fees and expenses required to be paid on the
Amendment Effective Date, including (i) an amendment fee to the Administrative
Agent for the benefit of the Lenders who deliver an executed counterpart of this
Amendment to the Administrative Agent no later than the time indicated by the
Administrative Agent in consultation with the Borrower as the deadline for the
Administrative Agent’s receipt of such executed counterpart, in the amount as
described in the information made available to the Lenders on the Platform, (ii)
Arranger fees and (iii) to the extent invoiced, the Administrative Agent’s
reasonable out-of-pocket expenses, including Attorney Costs of one counsel to
the Administrative Agent and Wells Fargo Securities, LLC.

4.Representations and Warranties. The Borrower represents and warrants that as
of the Amendment Effective Date before and after giving effect to this
Amendment:

(a)This Amendment has been duly authorized, executed and delivered by the
Borrower, and this Amendment and the Credit Agreement as modified hereby each
constitutes a legal, valid and binding obligation of the Borrower enforceable in
accordance with its respective terms, except as such enforcement may be limited
by bankruptcy, insolvency or similar Laws of general application relating to the
enforcement of creditors’ rights or by general principles of equity, regardless
of whether considered in a proceeding in equity or at law;

(b)No Default exists; and

(c)The representations and warranties of the Borrower set forth in the Credit
Agreement are true and correct in all material respects on and as of such date,
except to the extent that such representations and warranties specifically refer
to an earlier date, in which case they are true and correct in all material
respects as of such earlier date, provided that in each case, such materiality
qualifier is not applicable to any representations and warranties that already
are qualified or modified by materiality in the text thereof, and except that
the representations and warranties

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contained in subsections (a) and (b) of Section 5.06 of the Credit Agreement
shall be deemed to refer to the most recent statements furnished pursuant to
subsections (a) and (b), respectively, of Section 6.01 of the Credit Agreement.

5.Effect of Amendment. This Amendment, except as expressly provided herein,
shall not be deemed to be a consent to the modification or waiver of any other
term or condition of the Credit Agreement. Except as otherwise expressly
provided by this Amendment, all of the terms, conditions and provisions of the
Credit Agreement and the other Loan Documents shall remain the same, and are
hereby ratified and affirmed, and the Credit Agreement, as amended hereby, and
the other Loan Documents shall continue in full force and effect. From and after
the date hereof, each reference in the Credit Agreement, including the schedules
and exhibits thereto and the other documents delivered in connection therewith,
to the “Credit Agreement,” “this Amendment,” “hereunder,” “hereof,” “herein,” or
words of like import, shall mean and be a reference to the Credit Agreement as
amended hereby.

6.Miscellaneous. This Amendment shall for all purposes be construed in
accordance with and governed by the laws of the State of New York. The captions
in this Amendment are for convenience of reference only and shall not define or
limit the provisions hereof. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument. Delivery of an executed
counterpart of this Amendment by facsimile or in electronic form shall be
effective as the delivery of a manually executed counterpart. This Amendment
shall be a “Loan Document” as defined in the Credit Agreement.

7.Entire Agreement. THE CREDIT AGREEMENT (AS AMENDED BY THIS AMENDMENT) AND THE
OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.

[SIGNATURES PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their proper and duly authorized officers effective as
of the date first written above.
 
 
QEP RESOURCES, INC., as the Borrower
 
 
 
 
By:
/s/ Richard J. Doleshek
 
Name:
Richard J. Doleshek
 
Title:
Executive Vice President and Chief Financial Officer
 
 
 
 
 
 

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, L/C Issuer,
Swing Line Lender and a Lender
 
 
 
 
By:
/s/ Doug McDowell
 
Name:
Doug McDowell
 
Title:
Managing Director
 
 
 
 
 
 

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BMO HARRIS FINANCING, INC., as a Lender
 
 
 
 
By:
/s/ Matthew Davis
 
Name:
Matthew Davis
 
Title:
Vice President
 
 
 
 
 
 

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CITIBANK, N.A., as a Lender
 
 
 
 
By:
/s/ Eamon Baqui
 
Name:
Eamon Baqui
 
Title:
Vice President
 
 
 
 
 
 

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DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
 
 
 
 
By:
/s/ Marcus Tarkington
 
Name:
Marcus Tarkington
 
Title:
Director
 
 
 
 
By:
/s/ Anca Trifan
 
Name:
Anca Trifan
 
Title:
Managing Director

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JPMORGAN CHASE BANK, N.A., as a Lender
 
 
 
 
By:
/s/ Robert Mendoza
 
Name:
Robert Mendoza
 
Title:
Authorized Officer
 
 
 
 
 
 

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U.S. BANK NATIONAL ASSOCIATION, as a Lender
 
 
 
 
By:
/s/ John C. Lozano
 
Name:
John C. Lozano
 
Title:
Vice President
 
 
 
 
 
 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
 
 
 
 
By:
/s/ Anastasiya Haurylenia
 
Name:
Anastasiya Haurylenia
 
Title:
Vice President
 
 
 
 
 
 

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COMPASS BANK, as a Lender
 
 
 
 
By:
/s/ Rhianna Disch
 
Name:
Rhianna Disch
 
Title:
Director
 
 
 
 
 
 

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BNP PARIBAS, as a Lender
 
 
 
 
By:
/s/ Ann Rhoads
 
Name:
Ann Rhoads
 
Title:
Managing Director
 
 
 
 
By:
/s/ Sriram Chandrasekaran
 
Name:
Sriram Chandrasekaran
 
Title:
Director

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CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
 
 
 
 
By:
/s/ Matthew Brice
 
Name:
Matthew Brice
 
Title:
Vice President
 
 
 
 
 
 

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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
 
 
 
 
 
 
 
By:
/s/ Michael Willis
 
Name:
Michael Willis
 
Title:
Managing Director
 
 
 
 
By:
/s/ Darrell Stanley
 
Name:
Darrell Stanley
 
Title:
Managing Director

20

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DNB CAPITAL LLC, as a Lender
 
 
 
 
By:
/s/ Byron Cooley
 
Name:
Byron Cooley
 
Title:
Senior Vice President
 
 
 
 
By:
/s/ James Grubb
 
Name:
James Grubb
 
Title:
Vice President

21

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PNC BANK, NATIONAL ASSOCIATION, as a Lender
 
 
 
 
By:
/s/ Jonathan Luchansky
 
Name:
Jonathan Luchansky
 
Title:
Director
 
 
 
 
 
 

22

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SUNTRUST BANK, as a Lender
 
 
 
 
By:
/s/ Chulley Bogle
 
Name:
Chulley Bogle
 
Title:
Vice President
 
 
 
 
 
 

23

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TORONTO DOMINION (NEW YORK) LLC, as a Lender
 
 
 
 
By:
/s/ Rayan Karim
 
Name:
Rayan Karim
 
Title:
Authorized Signatory
 
 
 
 
 
 

24

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ZB, N.A. dba AMEGY BANK, as a Lender
 
 
 
 
By:
/s/ Kevin Donaldson
 
Name:
Kevin Donaldson
 
Title:
SVP
 
 
 
 
 
 

25

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BRANCH BANKING AND TRUST COMPANY, as a Lender
 
 
 
 
By:
/s/ Greg Krablin
 
Name:
Greg Krablin
 
Title:
Vice President
 
 
 
 
 
 

26

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CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender
 
 
 
 
By:
/s/ Donovan Broussard
 
Name:
Donovan Broussard
 
Title:
Authorized Signatory
 
 
 
 
By:
/s/ Trudy Nelson
 
Name:
Trudy Nelson
 
Title:
Authorized Signatory

27

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COMERICA BANK, as a Lender
 
 
 
 
By:
/s/ Garrett R. Merrell
 
Name:
Garrett R. Merrell
 
Title:
Relationship Manager
 
 
 
 
 
 

28

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EXPORT DEVELOPMENT CANADA, as a Lender
 
 
 
 
By:
/s/ Trevor Mulligan
 
Name:
Trevor Mulligan
 
Title:
Financing Manager
 
 
 
 
By:
/s/ Christopher Wilson
 
Name:
Christopher Wilson
 
Title:
Financing Manager

29

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FIFTH THIRD BANK, as a Lender
 
 
 
 
By:
/s/ Jonathan H Lee
 
Name:
Jonathan H Lee
 
Title:
Director
 
 
 
 
 
 

30

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GOLDMAN SACHS BANK USA, as a Lender
 
 
 
 
By:
/s/ Ushma Dedhiya
 
Name:
Ushma Dedhiya
 
Title:
Vice President
 
 
 
 
 
 

31

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SANTANDER BANK, N.A., as a Lender
 
 
 
 
By:
/s/ Andres Barbosa
 
Name:
Andres Barbosa
 
Title:
Executive Director
 
 
 
 
 
 

32

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SUMITOMO MITSUI BANKING CORPORATION, as a Lender
 
 
 
 
By:
/s/ James D. Weinstein
 
Name:
James D. Weinstein
 
Title:
Managing Director
 
 
 
 
 
 

33

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SCHEDULE 10.02
ADMINISTRATIVE AGENT’S OFFICE,
CERTAIN ADDRESSES FOR NOTICES
QEP RESOURCES, INC.:

QEP Resources, Inc.
1050 17th Street
Suite 800
Denver, CO 80265
Attention: Richard J. Doleshek, Chief Financial Officer
Email: Richard.doleshek@qepres.com
Fax: (303) 308-3639
Phone: (303) 640-4242

With a copy to: Trent Baggaley
Email: trent.baggaley@qepres.com
Fax: (303) 308-3639
Phone: (303) 640-4279

ADMINISTRATIVE AGENT:

Administrative Agent’s Office
(for payments and Requests for Borrowings):
Wells Fargo Bank, National Association
1525 W WT Harris Blvd
1st Floor
Charlotte, North Carolina 28262-8522
Attention: Jason Hessberg
Telephone: 704-427-2546
Facsimile: 704-715-0017
Electronic Mail: jason.hessberg2@wachovia.com
Account No.: 01459670001944
Ref: QEP Resources, Inc.
ABA# 053000219

Other Notices as Administrative Agent:
Wells Fargo Bank, National Association
1525 W WT Harris Blvd
1st Floor
Charlotte, North Carolina 28262-8522
Attention: Jason Hessberg
Telephone: 704-427-2546
Facsimile: 704-715-0017
Electronic Mail: jason.hessberg2@wachovia.com

L/C ISSUER:
Wells Fargo Bank, National Association
1525 W WT Harris Blvd
1st Floor
Charlotte, North Carolina 28262-8522
Attention: Jason Hessberg
Telephone: 704-427-2546
Facsimile: 704-715-0017
Electronic Mail: jason.hessberg2@wachovia.com

34

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SWING LINE LENDER:
Wells Fargo Bank, National Association
1525 W WT Harris Blvd
1st Floor
Charlotte, North Carolina 28262-8522
Attention: Jason Hessberg
Telephone: 704-427-2546
Facsimile: 704-715-0017
Electronic Mail: jason.hessberg2@wachovia.com

35