EX-10.2


 Exhibit 10.2 

Execution Version 

INDEMNIFICATION AGREEMENT 
 This
Indemnification Agreement (“Agreement”) is made and entered into as of April 27, 2017, by and among Rosehill Resources Inc., a Delaware corporation (the “Company”) and its subsidiaries and controlled affiliates
(together with the Company, the “Rosehill Companies” and each a “Rosehill Company”), and [●] (“Indemnitee”). 

WHEREAS, in light of the litigation costs and risks to directors and officers resulting from their service to companies, and the desire of the Rosehill
Companies to attract and retain qualified individuals to serve as directors and officers, it is reasonable, prudent and necessary for each of the Rosehill Companies to indemnify and advance expenses on behalf of its and the other Rosehill
Companies’ directors and/or officers to the fullest extent permitted by applicable law so that they will serve or continue to serve the Rosehill Companies free from undue concern regarding such risks; 

WHEREAS, the Rosehill Companies have requested that Indemnitee serve or continue to serve as a director and/or an officer of one or more of the Rosehill
Companies and may have requested or may in the future request that Indemnitee serve one or more Rosehill Entities (as hereinafter defined) as a director or an officer or in other capacities; 

WHEREAS, one of the conditions that Indemnitee requires in order to serve as a director and/or an officer of one or more of the Rosehill Companies is that
such Indemnitee be so indemnified; and 
 WHEREAS, Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided
by one or more of the Designating Stockholders (as hereinafter defined) (or their affiliates) and/or any insurer providing insurance coverage under any policy purchased or maintained by such Designating Stockholders (or their affiliates), which
Indemnitee, the Rosehill Companies and the Designating Stockholders (or their affiliates) intend to be secondary to the primary obligation of the Rosehill Companies to indemnify Indemnitee as provided herein, with the Rosehill Companies’
acknowledgement of and agreement to the foregoing being a material condition to Indemnitee’s willingness to serve as a director and/or officer of each of the Rosehill Companies. 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Rosehill Companies and Indemnitee do hereby covenant and agree as
follows: 
 1. Services by Indemnitee. Indemnitee agrees to serve as a director and/or an officer of one or more of the Rosehill Companies.
Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation the Indemnitee may have under any other agreement). 

2. Indemnification—General. On the terms and subject to the conditions of this Agreement, the Rosehill Companies shall, to the fullest extent
permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all losses, damages, liabilities, judgments, fines, penalties, costs, amounts paid in settlement, Expenses (as hereinafter defined) and other
amounts that Indemnitee reasonably incurs and that result from, arise in connection with or are by reason of Indemnitee’s Corporate Status (as hereinafter defined) and shall advance Expenses to Indemnitee. The obligations of the Rosehill
Companies under this Agreement (a) are joint and several obligations of each Rosehill Company, (b) shall continue after such time as Indemnitee ceases to serve as a director or an officer of the Rosehill Companies or in any other Corporate
Status, and (c) include, without limitation, claims for monetary damages against Indemnitee in respect of any actual or alleged liability or other loss of Indemnitee, to the fullest extent permitted under applicable law (including, if
applicable, Section 145 of the Delaware General Corporation Law) as in existence on the date hereof, as amended from time to time. A limitation under law of any Rosehill Company on providing indemnification or an advance of expenses to
Indemnitee shall not limit the indemnification and advancement obligations of any Rosehill Company not so limited. 
 3. Proceedings Other Than
Proceedings by or in the Right of the Rosehill Companies. If in connection with or by reason of Indemnitee’s Corporate Status, Indemnitee was, is, or is threatened to be made, a party to or a participant in any Proceeding (as hereinafter
defined) other than a Proceeding by or in the right of any of the Rosehill Companies to procure a judgment in its favor, the Rosehill Companies shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee
harmless from and against, all Expenses, losses, damages, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments 






 
and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement) reasonably incurred by Indemnitee or on behalf
of Indemnitee in connection with such Proceeding or any claim, issue or matter therein. 
 4. Proceedings by or in the Right of the Rosehill
Companies. If in connection with or by reason of Indemnitee’s Corporate Status, Indemnitee was, is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of any of the Rosehill Companies to procure a
judgment in such Rosehill Company’s favor, the Rosehill Companies shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee
or on behalf of Indemnitee in connection with such Proceeding or any claim, issue or matter therein. 
 5. Mandatory Indemnification in Case of
Successful Defense. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in
defense of any Proceeding or any claim, issue or matter therein (including, without limitation, any Proceeding brought by or in the right of any Rosehill Company), the Rosehill Companies shall, to the fullest extent permitted by law, indemnify
Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. If Indemnitee is not wholly successful in defense of such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Rosehill Companies shall, to the fullest extent permitted by law, indemnify Indemnitee against all Expenses reasonably
incurred by Indemnitee or on behalf of Indemnitee in connection with each successfully resolved claim, issue or matter. For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in such a
Proceeding by dismissal, with or without prejudice, on substantive or procedural grounds, or settlement of any such claim prior to a final judgment by a court of competent jurisdiction with respect to such Proceeding, shall be deemed to be a
successful result as to such claim, issue or matter; provided, however, that any settlement of any claim, issue or matter in such a Proceeding shall not be deemed to be a successful result as to such claim, issue or matter if such
settlement is effected by Indemnitee without the Rosehill Companies’ prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned. 

6. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement or otherwise to indemnification by any of the Rosehill
Companies for some or a portion of the Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities,
judgments, penalties, fines and amounts paid in settlement) incurred by Indemnitee or on behalf of Indemnitee in connection with a Proceeding or any claim, issue or matter therein, in whole or in part, the Rosehill Companies shall, to the fullest
extent permitted by law, indemnify Indemnitee to the fullest extent to which Indemnitee is entitled to such indemnification. 
 7. Indemnification for
Additional Expenses Incurred to Secure Recovery or as Witness. 
 (a) The Rosehill Companies shall, to the fullest extent permitted by law, indemnify
Indemnitee with respect to, and hold Indemnitee harmless from and against, any and all Expenses and, if requested by Indemnitee, shall advance on an as-incurred basis (as provided in Section 8 of this Agreement) such Expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action or proceeding or part thereof brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Rosehill Companies under this Agreement, any other
agreement, the Certificate of Incorporation or By-laws of the applicable Rosehill Company as now or hereafter in effect, or pursuant to Section 5.5 of the Business Combination Agreement, dated as of December 20, 2016, by and between KLR
Energy Acquisition Corp. and Tema Oil and Gas Company; or (ii) recovery under any director and officer liability insurance policies maintained by any Rosehill Entity. 

(b) To the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness (or is forced or asked to respond to discovery requests) in
any Proceeding to which Indemnitee is not a party, the Rosehill Companies shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, and the Rosehill Companies will advance on
an as-incurred basis (as provided in Section 8 of this Agreement), all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. 

8. Advancement of Expenses. The Rosehill Companies shall, to the fullest extent permitted by law, pay on a current and as-incurred basis all Expenses
incurred by Indemnitee in connection with any Proceeding in any way connected with, resulting from or relating to Indemnitee’s Corporate Status. Such Expenses shall be paid in advance of the final disposition of such Proceeding, without regard
to whether Indemnitee will ultimately be entitled to be 

  
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indemnified for such Expenses and without regard to whether an Adverse Determination (as hereinafter defined) has been or may be made. Upon submission of a request for advancement of Expenses
pursuant to Section 9(c) of this Agreement, Indemnitee shall be entitled to advancement of Expenses as provided in this Section 8, and such advancement of Expenses shall continue until such time (if any) as there is a final
non-appealable judicial determination that Indemnitee is not entitled to indemnification. Indemnitee shall repay such amounts advanced if and to the extent that it shall ultimately be determined in a decision by a court of competent jurisdiction
from which no appeal can be taken that Indemnitee is not entitled to be indemnified by the Rosehill Companies for such Expenses. Such repayment obligation shall be unsecured and shall not bear interest. The Rosehill Companies shall not impose on
Indemnitee additional conditions to advancement or require from Indemnitee additional undertakings regarding repayment. Indemnitee shall, in all events, be entitled to advancement of Expenses, without regard to Indemnitee’s ultimate entitlement
to indemnification, until the final determination of the Proceeding. 
 9. Indemnification Procedures. 

(a) Notice of Proceeding. Indemnitee agrees to notify the Rosehill Companies promptly upon being served with any summons, citation, subpoena, complaint,
indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses hereunder. Any failure by Indemnitee to notify any Rosehill Company will not relieve the Rosehill
Companies of its advancement or indemnification obligations under this Agreement unless, and only to the extent that, the Rosehill Companies can establish that such omission to notify resulted in actual and material prejudice to it which prejudice
cannot be reversed or otherwise eliminated without any material negative effect on the Rosehill Companies, and the omission to notify such Rosehill Companies will, in any event, not relieve any Rosehill Company from any liability which it may have
to indemnify Indemnitee otherwise than under this Agreement. If, at the time of receipt of any such notice, the Rosehill Companies have director and officer liability insurance policies in effect, the Rosehill Companies will promptly notify the
relevant insurers in accordance with the procedures and requirements of such policies. 
 (b) Defense; Settlement. Indemnitee shall have the sole
right and obligation to control the defense or conduct of any claim or Proceeding with respect to Indemnitee. The Rosehill Companies shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s
sole discretion, effect any settlement of any Proceeding against Indemnitee or which could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on Indemnitee unless (i) such
settlement solely involves the payment of money or performance of any obligation by persons other than Indemnitee and includes an unconditional, full release of Indemnitee by all relevant parties from all liability on any matters that are the
subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters and (ii) the Rosehill Companies have fully indemnified the Indemnitee with respect to, and held Indemnitee harmless from and
against, all Expenses and other amounts incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding. The Rosehill Companies shall not be obligated to indemnify Indemnitee against amounts paid in settlement of a Proceeding
against Indemnitee if such settlement is effected by Indemnitee without the Rosehill Companies’ prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned, unless such settlement solely involves the payment
of money or performance of any obligation by persons other than the Rosehill Companies and includes an unconditional release of the Rosehill Companies by any party to such Proceeding other than the Indemnitee from all liability on any matters that
are the subject of such Proceeding and an acknowledgment that the Rosehill Companies deny all wrongdoing in connection with such matters. 
 (c) Request
for Advancement; Request for Indemnification. 
 (i) To obtain advancement of Expenses under this Agreement, Indemnitee shall submit to the Rosehill
Companies a written request therefor, together with such invoices or other supporting information as may be reasonably requested by the Rosehill Companies and reasonably available to Indemnitee, and, only to the extent required by applicable law
which cannot be waived, an unsecured written undertaking to repay amounts advanced; provided, that in connection with any request for advancement of Expenses, Indemnitee shall not be required to provide any materials or information to the
extent that the provisions of such materials or information would undermine or otherwise jeopardize attorney-client privilege. The Rosehill Companies shall make advance payment of Expenses to Indemnitee no later than five (5) business days
after receipt of the written request for advancement (and each subsequent request for advancement) by Indemnitee. If, at the time of receipt of any such written request for advancement of Expenses, the Rosehill Companies have director and officer
insurance policies in effect, the Rosehill Companies will promptly notify the relevant insurers in accordance with the procedures and requirements 

  
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of such policies. The Rosehill Companies shall thereafter keep such director and officer insurers informed of the status of the Proceeding or other claim and take such other actions, as
appropriate to secure coverage of Indemnitee for such claim. 
 (ii) To obtain indemnification under this Agreement, at any time before or after submission
of a request for advancement pursuant to Section 9(c)(i) of this Agreement, Indemnitee may submit a written request for indemnification hereunder. The time at which Indemnitee submits a written request for indemnification shall be
determined by the Indemnitee in the Indemnitee’s sole discretion. Once Indemnitee submits such a written request for indemnification (and only at such time that Indemnitee submits such a written request for indemnification), a Determination (as
hereinafter defined) shall thereafter be made, as provided in and only to the extent required by Section 9(d) of this Agreement. In no event shall a Determination be made, or required to be made, as a condition to or otherwise in
connection with any advancement of Expenses pursuant to Section 8 and Section 9(c)(i) of this Agreement. If, at the time of receipt of any such request for indemnification, the Rosehill Companies have director and officer
insurance policies in effect, the Rosehill Companies will promptly notify the relevant insurers and take such other actions as necessary or appropriate to secure coverage of Indemnitee for such claim in accordance with the procedures and
requirements of such policies. 
 (d) Determination. The Rosehill Companies agree that Indemnitee shall be indemnified to the fullest extent
permitted by law and that no Determination shall be required in connection with such indemnification unless specifically required by applicable law which cannot be waived. In no event shall a Determination be required in connection with
indemnification for Expenses pursuant to Section 7 of this Agreement or incurred in connection with any Proceeding or portion thereof with respect to which Indemnitee has been successful on the merits or otherwise. Any decision that a
Determination is required by law in connection with any other indemnification of Indemnitee, and any such Determination, shall be made within thirty (30) days after receipt of Indemnitee’s written request for indemnification pursuant to
Section 9(c)(ii) and such Determination shall be made either (i) by the Disinterested Directors (as hereinafter defined), even though less than a quorum, so long as Indemnitee does not request that such Determination be made by
Independent Counsel (as hereinafter defined), or (ii) if so requested by Indemnitee, in Indemnitee’s sole discretion, by Independent Counsel in a written opinion to the Rosehill Companies and Indemnitee. If a Determination is made that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within five (5) business days after such Determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with
respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and
which is reasonably available to Indemnitee and reasonably necessary to such Determination. Any Expenses incurred by Indemnitee in so cooperating with the Disinterested Directors or Independent Counsel, as the case may be, making such determination
shall be advanced and borne by the Rosehill Companies (irrespective of the Determination as to Indemnitee’s entitlement to indemnification) and each Rosehill Company is liable to indemnify and hold Indemnitee harmless therefrom. If the person,
persons or entity empowered or selected under this Section 9(d) to determine whether Indemnitee is entitled to indemnification shall not have made a determination within thirty (30) days after receipt by the Rosehill Companies of
the request therefor, the requisite determination of entitlement to indemnification shall, to the fullest extent not prohibited by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such
indemnification under applicable law; provided, however, that such thirty (30) day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making the
determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further, that the foregoing
provisions of this Section 9(d) shall not apply if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 9(e). 

(e) Independent Counsel. In the event Indemnitee requests that the Determination be made by Independent Counsel pursuant to Section 9(d) of
this Agreement, the Independent Counsel shall be selected as provided in this Section 9(e). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors,
in which event the Board of Directors shall make such selection on behalf of the Rosehill Companies, subject to the remaining provisions of this Section 9(e)), and Indemnitee or the Rosehill Companies, as the case may be, shall give
written notice to the other, advising the Rosehill Companies or Indemnitee of the identity of the Independent Counsel so selected. The Rosehill Companies or Indemnitee, as the 

  
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case may be, may, within five (5) days after such written notice of selection shall have been received, deliver to Indemnitee or the Company, as the case may be, a written objection to such
selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 15 of
this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is so made and
substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within ten
(10) days after submission by Indemnitee of a written request for indemnification pursuant to Section 9(c)(ii) of this Agreement and after a request for the appointment of Independent Counsel has been made, no Independent Counsel
shall have been selected and not objected to, either the Rosehill Companies or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Rosehill Companies or Indemnitee to the
other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so
resolved or the person so appointed shall act as Independent Counsel under Section 9(d) of this Agreement. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 9(f) of this Agreement,
Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). Any expenses incurred by or in connection with the appointment of
Independent Counsel shall be borne by the Rosehill Companies (irrespective of the Determination of Indemnitee’s entitlement to indemnification) and not by Indemnitee. 

(f) Consequences of Determination; Remedies of Indemnitee. The Rosehill Companies shall be bound by and shall have no right to challenge a Favorable
Determination. If an Adverse Determination is made, or if for any other reason the Rosehill Companies do not make timely indemnification payments or advances of Expenses, Indemnitee shall have the right to commence a Proceeding before a court of
competent jurisdiction to challenge such Adverse Determination and/or to require the Rosehill Companies to make such payments or advances (and the Company shall have the right to defend its position in such Proceeding and to appeal any adverse
judgment in such Proceeding). Indemnitee shall be entitled to be indemnified for all Expenses incurred in connection with such a Proceeding and to have such Expenses advanced by the Company in accordance with Section 8 of this Agreement.
If Indemnitee fails to challenge an Adverse Determination within thirty (30) business days, or if Indemnitee challenges an Adverse Determination and such Adverse Determination has been upheld by a final judgment of a court of competent
jurisdiction from which no appeal can be taken, then, to the extent and only to the extent required by such Adverse Determination or final judgment, the Rosehill Companies shall not be obligated to indemnify Indemnitee under this Agreement. 

(g) Presumptions; Burden and Standard of Proof. The parties intend and agree that, to the extent permitted by law, in connection with any Determination
with respect to Indemnitee’s entitlement to indemnification hereunder by any person, including a court: 
 (i) it will be presumed that Indemnitee is
entitled to indemnification under this Agreement (notwithstanding any Adverse Determination), and the Rosehill Entities or any other person or entity challenging such right will have the burden of proof to overcome that presumption in connection
with the making by any person, persons or entity of any determination contrary to that presumption; 
 (ii) the termination of any action, suit or
proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably
believed to be in or not opposed to the best interests of the applicable Rosehill Entity, and, with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s conduct was unlawful; 

(iii) Indemnitee will be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the applicable Rosehill
Entity, including financial statements, or on information supplied to Indemnitee by the officers, employees, or committees of the board of directors of the applicable Rosehill Entity, or on the advice of legal counsel or other advisors (including
financial advisors and accountants) for the applicable Rosehill Entity or on information or records given in reports made to the applicable Rosehill Entity by an independent certified public accountant or by an appraiser or other expert or advisor
selected by the applicable Rosehill Entity; provided, however, that Indemnitee will not be deemed to have acted in good faith if such record or book of account of the applicable Rosehill Entity that was the basis for Indemnitee’s action was
created by or at the direction of Indemnity acting in bad faith or with gross negligence; and 

  
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 (iv) the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of any of the
Rosehill Entities or relevant enterprises will not be imputed to Indemnitee in a manner that limits or otherwise adversely affects Indemnitee’s rights hereunder; provided, however, that the foregoing shall not be true if Indemnitee acts or
fails to act in bad faith or with gross negligence. 
 The provisions of this Section 9(g) shall not be deemed to be exclusive or to limit in
any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 
 10.
Remedies of Indemnitee. 
 (a) In the event that (i) a determination is made pursuant to Section 9(d) of this Agreement that
Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 and Section 9(c)(i) of this Agreement, (iii) no determination of entitlement
to indemnification shall have been made pursuant to Section 9(d) of this Agreement within thirty (30) days after receipt by the Rosehill Companies of the request for indemnification, (iv) payment of indemnification is not made
pursuant to Section 5, 6 or 7 of this Agreement within five (5) business days after receipt by the Rosehill Companies of a written request therefor, (v) payment of indemnification pursuant to
Section 3, 4 or 7 of this Agreement is not made within five (5) business days after a determination has been made that Indemnitee is entitled to indemnification, or (vi) in the event that the Rosehill Companies or
any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended
to be provided to the Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of his entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration
to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The Rosehill Companies shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b) In the event that a determination shall have been made pursuant to Section 9(d) of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 10 shall be conducted in all respects as a de novo trial, or arbitration, on the merits, in which (i) Indemnitee shall not be
prejudiced by reason of that adverse determination, and (ii) the Rosehill Companies shall bear the burden of establishing that Indemnitee is not entitled to indemnification. 

(c) If a determination shall have been made pursuant to Section 9(d) of this Agreement that Indemnitee is entitled to indemnification, the
Rosehill Companies shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 10, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact
necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d) The Rosehill Companies shall, to the fullest extent not prohibited by law, be precluded from asserting in any judicial proceeding or arbitration commenced
pursuant to this Section 10 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Rosehill Companies are bound by all
the provisions of this Agreement. 
 11. Insurance; Subrogation; Other Rights of Recovery, etc. 

(a) Each Rosehill Company shall use commercially reasonable efforts to purchase and maintain a policy or policies of insurance with reputable insurance
companies with A.M. Best ratings of “A” or better, to provide insurance for Indemnitee for any liability asserted against, and incurred by, Indemnitee or on Indemnitee’s behalf by reason of Indemnitee’s Corporate Status, or
arising out of Indemnitee’s status as such, whether or not any such Rosehill Company would have the power to indemnify Indemnitee against such liability. Such insurance policies shall have coverage terms and policy limits at least as favorable
to Indemnitee as the insurance coverage provided to any other director or officer of the Rosehill Companies. If any Rosehill Company has such insurance in effect at the time it receives from Indemnitee any notice of the commencement of an action,
suit, proceeding or other claim, such Rosehill Company shall give prompt notice of the commencement of such action, suit, proceeding or other claim to the insurers and take such other actions in accordance with the procedures set forth in the policy
as required or appropriate to secure coverage of Indemnitee for such action, suit, proceeding or other claim. Such Rosehill 

  
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Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such action, suit, proceeding or other
claim in accordance with the terms of such policy. Such Rosehill Company shall continue to provide insurance for Indemnitee for a period of at least six (6) years after Indemnitee ceases to serve as a director or an officer or in any other
Corporate Status. 
 (b) In the event of any payment by any Rosehill Company under this Agreement, such Rosehill Company shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee against any other Rosehill Entity, and Indemnitee hereby agrees, as a condition to obtaining any advancement or indemnification from the Rosehill Companies, to assign to such Rosehill
Company all of Indemnitee’s rights to obtain from such other Rosehill Entity such amounts to the extent that they have been paid by such Rosehill Company to or for the benefit of Indemnitee as advancement or indemnification under this Agreement
and are adequate to indemnify Indemnitee with respect to the costs, Expenses or other items to the full extent that Indemnitee is entitled to indemnification or other payment hereunder; and Indemnitee will (upon request by the Rosehill Companies)
execute all papers required and use reasonable best efforts to take all action reasonably necessary to secure such rights, including execution of such documents as are necessary to enable such Rosehill Company to bring suit or enforce such rights.

 (c) Each of the Rosehill Companies hereby unconditionally and irrevocably waives, relinquishes and releases, and covenants and agrees not to exercise
(and to cause each of the other Rosehill Entities not to exercise), any rights that such Rosehill Company may now have or hereafter acquire against any Designating Stockholder (or former Designating Stockholder), insurer of such Designating
Stockholder (or former Designating Stockholder) or Indemnitee that arise from or relate to the existence, payment, performance or enforcement of the Rosehill Companies’ obligations under this Agreement or under any other indemnification
agreement (whether pursuant to contract, by-laws or charter) with any person or entity, including, without limitation, any right of subrogation (whether pursuant to contract or common law), reimbursement, exoneration, contribution or
indemnification, or to be held harmless, and any right to participate in any claim or remedy of Indemnitee against any Designating Stockholder (or former Designating Stockholder) or Indemnitee, whether or not such claim, remedy or right arises in
equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Designating Stockholder (or former Designating Stockholder), insurer of such Designating Stockholder (or former Designating
Stockholder) or Indemnitee, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. 

(d) The Rosehill Companies shall not be liable to pay or advance to Indemnitee any amounts otherwise indemnifiable under this Agreement or under any other
indemnification agreement if, and to the extent that, Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise; provided, however, that (i) the Rosehill Companies hereby
agree that they are the indemnitors of first resort under this Agreement and under any other indemnification agreement (i.e., their obligations to Indemnitee under this Agreement or any other agreement or undertaking to provide advancement and/or
indemnification to Indemnitee are primary and any obligation of any Designating Stockholder (or any affiliate thereof other than a Rosehill Company) and/or any obligation of any insurer providing insurance coverage under any policy purchased or
maintained by such Designating Stockholders (or by any affiliate thereof, other than a Rosehill Company) to provide advancement or indemnification for the same Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement
(including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement) incurred by Indemnitee are secondary), and
(ii) if any Designating Stockholder (or any affiliate thereof other than a Rosehill Entity) pays or causes to be paid, for any reason, any amounts otherwise indemnifiable hereunder or under any other indemnification agreement (whether pursuant
to contract, by-laws or charter) with Indemnitee, then (x) such Designating Stockholder (or such affiliate, as the case may be) shall be fully subrogated to all rights of Indemnitee with respect to such payment and (y) the Rosehill
Companies shall fully indemnify, reimburse and hold harmless such Designating Stockholder (or such other affiliate) for all such payments actually made by such Designating Stockholder (or such other affiliate). 

(e) The Rosehill Companies’ obligation to indemnify or advance Expenses hereunder to Indemnitee in respect of or relating to Indemnitee’s service at
the request of any of the Rosehill Companies as a director, officer, employee, fiduciary, trustee, representative, partner or agent of any other Rosehill Entity shall be reduced by any amount Indemnitee has actually received as payment of
indemnification or advancement of Expenses from such other Rosehill Entity, except to the extent that such indemnification payments and advance payment of Expenses when taken together with any such amount actually received from other Rosehill
Entities or under director and officer insurance policies maintained by one or more Rosehill Entities are inadequate to fully pay all costs, Expenses or other items to the full extent that Indemnitee is otherwise entitled to indemnification or other
payment hereunder. 

  
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 (f) Except as provided in Sections 11(c), 11(d) and 11(e) of this Agreement, the rights to
indemnification and advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time, whenever conferred or arising, be entitled under applicable law, under the Rosehill
Entities’ Certificates of Incorporation or By-Laws, or under any other agreement including the Business Combination Agreement, dated as of December 20, 2016, by and between KLR Energy Acquisition Corp. and Tema Oil and Gas Company, vote of
stockholders or resolution of directors of any Rosehill Entity, or otherwise. Indemnitee’s rights under this Agreement are present contractual rights that fully vest upon Indemnitee’s first service as a director or an officer of any of the
Rosehill Companies. The Parties hereby agree that Sections 11(c), 11(d) and 11(e) of this Agreement shall be deemed exclusive and shall be deemed to modify, amend and clarify any right to indemnification or advancement provided
to Indemnitee under any other contract, agreement or document with any Rosehill Entity. 
 (g) No amendment, alteration or repeal of this Agreement or of
any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent
that a change in the General Corporation Law of the State of Delaware (or other applicable law), whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Rosehill
Entities’ Certificates of Incorporation or By-Laws and this Agreement, it is the intent of the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change. The assertion or employment of any right or
remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 
 12. Employment Rights;
Successors; Third Party Beneficiaries. 
 (a) This Agreement shall not be deemed an employment contract between the Rosehill Companies and Indemnitee.
This Agreement shall continue in force as provided above after Indemnitee has ceased to serve as a director and/or an officer of the Rosehill Companies or any other Corporate Status. 

(b) This Agreement shall be binding upon each of the Rosehill Companies and their successors and assigns and shall inure to the benefit of Indemnitee and
Indemnitee’s heirs, executors and administrators. If any of the Rosehill Companies or any of their respective successors or assigns shall (i) consolidate with or merge into any other corporation or entity and shall not be the continuing or
surviving corporation or entity of such consolidation or merger or (ii) transfer all or substantially all of its properties and assets to any individual, corporation or other entity, then, and in each such case, proper provisions shall be made
so that the successors and assigns of the Rosehill Companies shall assume all of the obligations set forth in this Agreement. 
 (c) The Designating
Stockholders are express third party beneficiaries of this Agreement, are entitled to rely upon this Agreement, and may specifically enforce the Rosehill Companies’ obligations hereunder (including but not limited to the obligations specified
in Section 11 of this Agreement) as though a party hereunder. 
 13. Severability. If any provision or provisions of this Agreement shall
be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any Section of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; (b) such provision or provisions shall be deemed reformed to
the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any
Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

14. Exception to Right of Indemnification or Advancement of Expenses. Notwithstanding any other provision of this Agreement and except as provided in
Section 7(a) of this Agreement or as may otherwise be agreed by any Rosehill Company, Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding brought by
Indemnitee (other than a Proceeding by Indemnitee (i) by way of defense or counterclaim or other similar portion of a Proceeding, (ii) to enforce Indemnitee’s rights under this Agreement or (iii) to enforce any other rights of
Indemnitee to indemnification, advancement or contribution from the Rosehill Companies under any other contract, by-laws or charter or under statute or other law, including any rights under Section 145 of the Delaware General Corporation Law),
unless the bringing of such Proceeding or making of such claim shall have been approved by the Board of Directors of the applicable Rosehill Company. 

  
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 15. Definitions. For purposes of this Agreement: 

(a) “Board of Directors” means the board of directors of the Company. 

(b) “By-laws” means (i) in the case of the Company, its by-laws and (ii) in the case of any other entity, its by-laws or similar
governing document, in each case, as such governing document is amended from time to time. 
 (c) “Certificate of Incorporation” means,
(i) in the case of the Company, its certificate of incorporation and (ii) in the case of any other entity, its certificate of incorporation, articles of incorporation or similar constituting document, in each case, as such constituting
document is amended from time to time. 
 (d) “Corporate Status” describes the status of a person by reason of such person’s past,
present or future service as a director, officer, employee, fiduciary, trustee, or agent of any of the Rosehill Companies (including, without limitation, one who serves at the request of any of the Rosehill Companies as a director, officer,
employee, fiduciary, trustee or agent of any other Rosehill Entity). 
 (e) “Designating Stockholder” means any of the Sponsors, in each
case so long as an individual designated by the Sponsors or any of their respective affiliates (as provided by the Company’s Certificate of Incorporation and By-laws and Stockholders Agreement) serves or has served as a director and/or officer
of any Rosehill Entity. 
 (f) “Determination” means a determination that either (x) there is a reasonable basis for the conclusion
that indemnification of Indemnitee is proper in the circumstances because Indemnitee met a/the particular standard(s) of conduct (a “Favorable Determination”) or (y) there is no reasonable basis for the conclusion that
indemnification of Indemnitee is proper in the circumstances because Indemnitee met a/the particular standard(s) of conduct (an “Adverse Determination”). An Adverse Determination shall include the decision that a Determination was
required in connection with indemnification and the decision as to the applicable standard of conduct. 
 (g) “Disinterested Director”
means a director of the Company (or, if a Determination is necessary with respect to a Rosehill Company other than the Company, a director of such Rosehill Company) who is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee and does not otherwise have an interest materially adverse to any interest of the Indemnitee. 
 (h) “Expenses”
shall mean all direct and indirect costs, fees and expenses of any type or nature whatsoever and shall specifically include, without limitation, all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees and costs of
experts, witness fees and costs, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed
receipt of any payments under this Agreement, ERISA excise taxes and penalties, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
being or preparing to be a witness, in, or otherwise participating in, a Proceeding or an appeal resulting from a Proceeding, including, but not limited to, the premium for appeal bonds, attachment bonds or similar bonds and all interest,
assessments and other charges paid or payable in connection with or in respect of any such Expenses, and shall also specifically include, without limitation, all reasonable attorneys’ fees and all other expenses incurred by or on behalf of
Indemnitee in connection with preparing and submitting any requests or statements for indemnification, advancement, contribution or any other right provided by this Agreement. Expenses, however, shall not include amounts of judgments or fines
against Indemnitee. 
 (i) “Independent Counsel” means, at any time, any law firm, or a member of a law firm, that (a) is experienced
in matters of corporation law and (b) is not, at such time, or has not been in the five years prior to such time, retained to represent: (i) any Rosehill Entity or Indemnitee in any matter material to either such party (other than with
respect to matters concerning Indemnitee under this Agreement, or of other indemnities under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Rosehill Companies or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Rosehill Companies agree to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and
all Expenses, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto and to be jointly and severally liable therefor. 

  
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 (j) “KLRE Entities” means KLR Energy Sponsor, LLC and its successors and affiliates and any
other investment fund or related investment adviser, management company, managing member or general partner that is an affiliate of any of the foregoing entities (other than any Rosehill Entity) or that is advised by the same investment adviser as
any of the foregoing entities or by an affiliate of such investment adviser 
 (k) “Proceeding” includes any actual, threatened, pending or
completed action, suit, arbitration, alternate dispute resolution mechanism, investigation (formal or informal), inquiry, administrative hearing or any other actual, threatened, pending or completed proceeding, whether brought by or in the right of
any Rosehill Company or otherwise and whether civil, criminal, administrative or investigative in nature, in which Indemnitee was, is, may be or will be involved as a party, witness or otherwise, by reason of Indemnitee’s Corporate Status or by
reason of any action taken by Indemnitee or of any inaction on Indemnitee’s part while acting as director, officer, employees, fiduciary, trustee or agent of any Rosehill Entity (in each case whether or not he is acting or serving in any such
capacity or has such status at the time any liability or expense is incurred for which indemnification or advancement of Expenses can be provided under this Agreement). If the Indemnitee believes in good faith that a given situation may lead to or
culminate in the institution of a Proceeding, this shall be considered a Proceeding under this paragraph. 
 (l) “Sponsors” means KLRE
Entities and the Tema Entities. 
 (m) “Stockholders Agreement” means the Shareholders’ and Registration Rights Agreement dated as of
December 20, 2016, by and among Tema Oil and Gas Company, KLR Energy Sponsor, LLC, KLR Energy Acquisition Corp., Anchorage Illiquid Opportunities V, L.P. and AIO V AIV 3 Holdings, L.P. 

(n) “Tema Entities” means Tema Oil and Gas Company and its successors and affiliates (other than any Rosehill Entity). 

(o) “Rosehill Entities” means any Rosehill Company, any of their respective subsidiaries and any other corporation, partnership, limited
liability company, joint venture, trust, employee benefit plan or other enterprise with respect to which Indemnitee serves as a director, officer, employee, partner, representative, fiduciary, trustee, or agent, or in any similar capacity, at the
request of any Rosehill Company. 
 16. Construction. Whenever required by the context, as used in this Agreement the singular number shall include
the plural, the plural shall include the singular, and all words herein in any gender shall be deemed to include (as appropriate) the masculine, feminine and neuter genders. 

17. Reliance. The Rosehill Companies expressly confirm and agree that they have entered into this Agreement and assumed the obligations imposed on each
of them hereby in order to induce Indemnitee to serve as a director and/or an officer of one or more of the Rosehill Companies, and the Rosehill Companies acknowledge that Indemnitee is relying upon this Agreement in serving as a director and/or an
officer of one or more of the Rosehill Companies. 
 18. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be
binding unless executed in a writing identified as such by all of the parties hereto. Except as otherwise expressly provided herein, the rights of a party hereunder (including the right to enforce the obligations hereunder of the other parties) may
be waived only with the written consent of such party, and no waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a
continuing waiver. 
 19. Notice Mechanics. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed
to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third business
day after the date on which it is so mailed: 
  

			
	(a) If to Indemnitee to:	  	 [●]
 Rosehill Resources Inc.

16200 Park Row, Suite 300
 Houston, Texas, 77084

		
	(b) If to any Rosehill Company, to:	  	 Rosehill Resources Inc.
 16200 Park Row,
Suite 300
 Houston, Texas, 77084
 Attention: J.A.
Townsend



  
 10 







 or to such other address as may have been furnished (in the manner prescribed above) as follows: (a) in the
case of a change in address for notices to Indemnitee, furnished by Indemnitee to the Rosehill Companies and (b) in the case of a change in address for notices to any Rosehill Company, furnished by the Rosehill Companies to Indemnitee. 

20. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Rosehill Companies, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement
and/or for reasonably incurred Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to
reflect (i) the relative benefits received by the Rosehill Companies and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Rosehill Companies (and their
other directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 
 21. Governing Law; Submission
to Jurisdiction; Appointment of Agent for Service of Process. This Agreement and the legal relations among the parties shall, to the fullest extent permitted by law, be governed by, and construed and enforced in accordance with, the laws of the
State of Delaware, without regard to its conflict of laws rules. The Rosehill Companies and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be
brought only in the Court of Chancery of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the
exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court,
and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or otherwise inconvenient forum. 

22. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof. 
 23. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. 
 [Signature Pages
Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first above written. 

 

							
	Company:	 		 	ROSEHILL RESOURCES INC.
				
		 		 	By:	 	                                     
                                         
                                      
		 		 	Name:	 	J.A. Townsend
		 		 	Title:	 	President, Chief Executive Officer and Director


  
 SIGNATURE
PAGE TO 
 INDEMNIFICATION AGREEMENT 








							
	Indemnitee:	 		 		 	  

		 		 		 	Name: [●]


  
 SIGNATURE
PAGE TO 
 INDEMNIFICATION AGREEMENT