EX-10.1



 Exhibit 10.1 

AMENDED AND RESTATED CREDIT AGREEMENT 

DATED AS OF DECEMBER 22, 2011 

AMONG 
 QUICKSILVER
RESOURCES INC., 
 as BORROWER, 

JPMORGAN CHASE BANK, N.A., 

as GLOBAL ADMINISTRATIVE AGENT, 

BANK OF AMERICA, N.A., 

as SYNDICATION AGENT, 

DEUTSCHE BANK SECURITIES INC., BNP PARIBAS, AND WELLS FARGO BANK, N.A., 

as CO-DOCUMENTATION AGENTS, 

AND 
 THE LENDERS PARTY
HERETO 
 JOINT BOOKRUNNERS 

J.P. MORGAN SECURITIES LLC AND MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 







 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS AND ACCOUNTING MATTERS
	  	 	1	  
			
	 Section 1.01
	  	Terms Defined Above	  	 	1	  
	 Section 1.02
	  	Certain Defined Terms	  	 	2	  
	 Section 1.03
	  	Types of Loans and Borrowings	  	 	41	  
	 Section 1.04
	  	Terms Generally; Rules of Construction	  	 	42	  
	 Section 1.05
	  	Accounting Terms and Determinations; GAAP	  	 	42	  
	 Section 1.06
	  	Letter of Credit Amounts	  	 	43	  
	 Section 1.07
	  	Dollar Denominated Baskets	  	 	43	  
		
	 ARTICLE 2 THE CREDITS
	  	 	43	  
			
	 Section 2.01
	  	Commitments	  	 	43	  
	 Section 2.02
	  	Loans and Borrowings	  	 	43	  
	 Section 2.03
	  	Requests for Borrowings	  	 	44	  
	 Section 2.04
	  	Interest Elections	  	 	45	  
	 Section 2.05
	  	Funding of Borrowings	  	 	46	  
	 Section 2.06
	  	Termination and Reduction of Aggregate Maximum Credit Amounts	  	 	47	  
	 Section 2.07
	  	Borrowing Base	  	 	48	  
	 Section 2.08
	  	Letters of Credit	  	 	52	  
	 Section 2.09
	  	Increase in the Maximum Credit Amounts	  	 	57	  
	 Section 2.10
	  	Swingline Loans	  	 	58	  
	 Section 2.11
	  	Defaulting Lenders	  	 	60	  
	 Section 2.12
	  	Currency Indemnity	  	 	63	  
		
	 ARTICLE 3 PAYMENTS OF PRINCIPAL AND INTEREST;
PREPAYMENTS; FEES
	  	 	64	  
			
	 Section 3.01
	  	Repayment of Loans	  	 	64	  
	 Section 3.02
	  	Interest	  	 	64	  
	 Section 3.03
	  	Alternate Rate of Interest	  	 	65	  
	 Section 3.04
	  	Prepayments	  	 	65	  
	 Section 3.05
	  	Fees	  	 	68	  
		
	 ARTICLE 4 PAYMENTS; PRO RATA TREATMENT;
SHARING OF SET-OFFS
	  	 	69	  
			
	 Section 4.01
	  	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	69	  
	 Section 4.02
	  	Presumption of Payment by the Borrower	  	 	70	  
	 Section 4.03
	  	Certain Deductions by the Global Administrative Agent	  	 	70	  
	 Section 4.04
	  	Disposition of Proceeds	  	 	71	  


  
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	 ARTICLE 5 INCREASED COSTS; BREAK FUNDING
PAYMENTS; PAYMENTS; TAXES; ILLEGALITY
	  	 	71	  
			
	 Section 5.01
	  	Increased Costs	  	 	71	  
	 Section 5.02
	  	Break Funding Payments	  	 	72	  
	 Section 5.03
	  	Taxes	  	 	73	  
	 Section 5.04
	  	Mitigation Obligations; Replacement of Lenders	  	 	76	  
	 Section 5.05
	  	Illegality	  	 	77	  
		
	 ARTICLE 6 CONDITIONS PRECEDENT
	  	 	78	  
			
	 Section 6.01
	  	Effective Date	  	 	78	  
	 Section 6.02
	  	Each Credit Event	  	 	80	  
		
	 ARTICLE 7 REPRESENTATIONS AND WARRANTIES
	  	 	81	  
			
	 Section 7.01
	  	Organization; Powers	  	 	81	  
	 Section 7.02
	  	Authority; Enforceability	  	 	81	  
	 Section 7.03
	  	Approvals; No Conflicts	  	 	81	  
	 Section 7.04
	  	Financial Condition; No Material Adverse Effect	  	 	82	  
	 Section 7.05
	  	Litigation	  	 	82	  
	 Section 7.06
	  	Environmental Matters	  	 	82	  
	 Section 7.07
	  	Compliance with the Laws and Agreements	  	 	83	  
	 Section 7.08
	  	Investment Company Act	  	 	83	  
	 Section 7.09
	  	Taxes	  	 	83	  
	 Section 7.10
	  	Disclosure; No Material Misstatements	  	 	83	  
	 Section 7.11
	  	Subsidiaries	  	 	84	  
	 Section 7.12
	  	Insurance	  	 	84	  
	 Section 7.13
	  	Location of Business and Offices	  	 	84	  
	 Section 7.14
	  	Properties; Title, Etc.	  	 	84	  
	 Section 7.15
	  	Federal Reserve Regulations	  	 	85	  
	 Section 7.16
	  	Compliance with Benefit Plans; ERISA	  	 	85	  
	 Section 7.17
	  	Status As Senior Indebtedness	  	 	87	  
	 Section 7.18
	  	Solvency	  	 	87	  
	 Section 7.19
	  	Priority; Security Matters	  	 	87	  
		
	 ARTICLE 8 AFFIRMATIVE COVENANTS
	  	 	88	  
			
	 Section 8.01
	  	Financial Statements; Other Information	  	 	88	  
	 Section 8.02
	  	Notices of Material Events	  	 	90	  
	 Section 8.03
	  	Existence; Conduct of Business	  	 	91	  
	 Section 8.04
	  	Payment of Obligations	  	 	91	  
	 Section 8.05
	  	Operation and Maintenance of Properties	  	 	91	  
	 Section 8.06
	  	Insurance	  	 	92	  
	 Section 8.07
	  	Books and Records; Inspection Rights	  	 	92	  
	 Section 8.08
	  	Compliance with Laws	  	 	92	  
	 Section 8.09
	  	Environmental Matters	  	 	92	  


  
 ii 









							
	 Section 8.10
	  	Further Assurances	  	 	93	  
	 Section 8.11
	  	Reserve Reports	  	 	94	  
	 Section 8.12
	  	Title Information	  	 	95	  
	 Section 8.13
	  	Additional Collateral; Additional Guarantors; Release of Certain Guarantors/Collateral	  	 	97	  
	 Section 8.14
	  	ERISA and Benefit Plan Compliance	  	 	100	  
	 Section 8.15
	  	Unrestricted Subsidiaries. The Borrower	  	 	101	  
	 Section 8.16
	  	Section 1031 Exchange	  	 	101	  
	 Section 8.17
	  	Use of Proceeds	  	 	101	  
	 Section 8.18
	  	Fiscal Year	  	 	101	  
		
	 ARTICLE 9 NEGATIVE COVENANTS
	  	 	102	  
			
	 Section 9.01
	  	Financial Covenants	  	 	102	  
	 Section 9.02
	  	Debt	  	 	102	  
	 Section 9.03
	  	Liens	  	 	104	  
	 Section 9.04
	  	Dividends and Distributions	  	 	106	  
	 Section 9.05
	  	Repayment of Debt; Amendment of Indentures	  	 	107	  
	 Section 9.06
	  	Investments, Loans and Advances	  	 	108	  
	 Section 9.07
	  	Designation and Conversion of Restricted and Unrestricted Subsidiaries	  	 	111	  
	 Section 9.08
	  	Nature of Business; International Operations	  	 	111	  
	 Section 9.09
	  	Mergers, Etc.	  	 	112	  
	 Section 9.10
	  	Sale of Properties and Termination of Oil and Gas Swap Agreements	  	 	113	  
	 Section 9.11
	  	Transactions with Affiliates	  	 	115	  
	 Section 9.12
	  	Negative Pledge Agreements; Dividend Restrictions	  	 	115	  
	 Section 9.13
	  	Swap Agreements	  	 	116	  
	 Section 9.14
	  	Ownership of Restricted Subsidiaries	  	 	116	  
	 Section 9.15
	  	Amendments to Organizational Documents	  	 	117	  
		
	 ARTICLE 10 EVENTS OF DEFAULT; REMEDIES
	  	 	117	  
			
	 Section 10.01
	  	Events of Default	  	 	117	  
	 Section 10.02
	  	Remedies	  	 	119	  
		
	 ARTICLE 11 THE AGENTS
	  	 	120	  
			
	 Section 11.01
	  	Appointment; Powers	  	 	120	  
	 Section 11.02
	  	Duties and Obligations of Global Administrative Agent	  	 	120	  
	 Section 11.03
	  	Action by Global Administrative Agent	  	 	121	  
	 Section 11.04
	  	Reliance by Global Administrative Agent	  	 	122	  
	 Section 11.05
	  	Subagents	  	 	122	  
	 Section 11.06
	  	Resignation of Global Administrative Agent	  	 	122	  
	 Section 11.07
	  	Agents as Lenders	  	 	123	  
	 Section 11.08
	  	No Reliance	  	 	123	  
	 Section 11.09
	  	Global Administrative Agent May File Proofs of Claim	  	 	124	  


  
 iii 









							
	 Section 11.10
	  	Authority Of Global Administrative Agent To Release Collateral And Liens	  	 	124	  
	 Section 11.11
	  	The Joint Lead Arrangers, Syndication Agent and Co-Documentation Agents	  	 	124	  
		
	 ARTICLE 12 MISCELLANEOUS
	  	 	125	  
			
	 Section 12.01
	  	Notices	  	 	125	  
	 Section 12.02
	  	Waivers; Amendments	  	 	126	  
	 Section 12.03
	  	Expenses, Indemnity; Damage Waiver	  	 	127	  
	 Section 12.04
	  	Successors and Assigns	  	 	130	  
	 Section 12.05
	  	Survival; Revival; Reinstatement	  	 	133	  
	 Section 12.06
	  	Counterparts; Integration; Effectiveness	  	 	134	  
	 Section 12.07
	  	Severability	  	 	135	  
	 Section 12.08
	  	Right of Setoff	  	 	135	  
	 Section 12.09
	  	GOVERNING LAW; JURISDICTION	  	 	135	  
	 Section 12.10
	  	Headings	  	 	136	  
	 Section 12.11
	  	Confidentiality	  	 	136	  
	 Section 12.12
	  	Interest Rate Limitation	  	 	137	  
	 Section 12.13
	  	EXCULPATION PROVISIONS	  	 	138	  
	 Section 12.14
	  	Collateral Matters; Swap Agreements	  	 	138	  
	 Section 12.15
	  	No Third Party Beneficiaries	  	 	139	  
	 Section 12.16
	  	Flood Insurance Regulation	  	 	139	  
	 Section 12.17
	  	USA Patriot Act Notice	  	 	139	  
	 Section 12.18
	  	No Fiduciary Duty	  	 	139	  
	 Section 12.19
	  	Amendment and Restatement Mechanics	  	 	140	  
	 Section 12.20
	  	Ratification of Guaranty Agreement	  	 	140	  
	 Section 12.21
	  	Acknowledgment of Intercreditor Agreement	  	 	140	  
			
	 Annex I
	  	List of Maximum Credit Amounts	  			


  
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	 Exhibit A
	  	Form of Note	  	
	 Exhibit B
	  	Form of Borrowing Request	  	
	 Exhibit C
	  	Form of Interest Election Request	  	
	 Exhibit D
	  	Form of Compliance Certificate	  	
	 Exhibit E-1
	  	Security Instruments	  	
	 Exhibit E-2
	  	Form of Guaranty Agreement	  	
	 Exhibit F
	  	Form of Assignment and Assumption	  	
	 Exhibit G
	  	Form of Pledge Agreement	  	
	 Exhibit H-1
	  	Form of U.S. Tax Compliance Certificate	  	
		  	(Foreign Lenders; not partnerships)	  	
	 Exhibit H-2
	  	Form of U.S. Tax Compliance Certificate	  	
		  	(Foreign Participants; not partnerships)	  	
	 Exhibit H-3
	  	Form of U.S. Tax Compliance Certificate	  	
		  	(Foreign Participants; partnerships)	  	
	 Exhibit H-4
	  	Form of U.S. Tax Compliance Certificate	  	
		  	(Foreign Lenders; partnerships)	  	
			
	 Schedule 1.02
	  	Initial Guarantors	  	
	 Schedule 3.05
	  	Grandfathered Letters of Credit	  	
	 Schedule 7.11
	  	Subsidiaries and Partnerships; Unrestricted Subsidiaries	  	
	 Schedule 7.12
	  	Insurance	  	
	 Schedule 9.02
	  	Existing Debt	  	
	 Schedule 9.03
	  	Liens	  	
	 Schedule 9.06
	  	Investments	  	
	 Schedule 9.08
	  	Nature of Business	  	


  
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 THIS AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 22, 2011 (as amended,
modified, supplemented or restated from time to time, this “Agreement”), is among QUICKSILVER RESOURCES INC., a Delaware corporation (the “Borrower”); each of the Lenders from time to time party hereto; JPMORGAN
CHASE BANK, N.A., as global administrative agent for the Lenders and, when appropriate, for the Lenders and Canadian Lenders (in such capacity, together with its successors in such capacity, the “Global Administrative Agent”); BANK
OF AMERICA, N.A., as syndication agent (in such capacity, the “Syndication Agent”); and DEUTSCHE BANK SECURITIES INC., BNP PARIBAS, and WELLS FARGO BANK, N.A., as co-documentation agents (in such capacity, the
“Co-Documentation Agents”). The joint lead arrangers for the credit facility provided under this Agreement are J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, DEUTSCHE BANK SECURITIES INC.
and BNP PARIBAS SECURITIES CORP. (collectively, the “Joint Lead Arrangers”). 
 R E C I T A L S 

WHEREAS, the Borrower, JPMorgan Chase Bank, N.A., as administrative agent and the lenders (the “Existing Lenders”) and the
other parties thereto entered into the Credit Agreement dated as of September 6, 2011 (as amended or supplemented prior to the date hereof, the “Existing Credit Agreement”); 

WHEREAS, Quicksilver Resources Canada Inc., a corporation organized under the laws of the Province of Alberta, Canada
(“QRCI”), as borrower, JPMorgan Chase Bank, N.A., Toronto Branch, as administrative agent, and the lenders and the other parties thereto entered into the Credit Agreement dated as of September 6, 2011 (as amended or
supplemented, the “Existing Canadian Credit Agreement”); 
 WHEREAS, the Borrower and QRCI have requested that the Existing
Credit Agreement and Existing Canadian Credit Agreement each be amended and restated to, among other items, facilitate the consummation of the Barnett Shale Transaction (as defined below) and the Midstream Joint Venture (as defined below) and to
create a global borrowing base; 
 WHEREAS, the Lenders have agreed to amend and restate the Existing Credit Agreement as set forth herein;

 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto agree that the Existing Credit Agreement is hereby amended and restated in its entirety as follows: 

ARTICLE 1 

DEFINITIONS AND ACCOUNTING MATTERS 

Section 1.01 Terms Defined Above. As used in this Agreement, each term defined above has the meaning indicated above. 

  
 1 








 Section 1.02 Certain Defined Terms. As used in this Agreement, the following terms
have the meanings specified below: 
 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Administrative Agents” means the Global Administrative Agent and the Canadian Administrative Agent. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Global Administrative Agent.

 “Affected Loans” has the meaning assigned to such term in Section 5.05. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agents” means,
collectively, the Global Administrative Agent, the Syndication Agent and the Co-Documentation Agents; and “Agent” means the Global Administrative Agent, the Syndication Agent or any Co-Documentation Agent, as the context requires.

 “Aggregate Maximum Credit Amounts” at any time shall equal the sum of the Maximum Credit Amounts, as the same may be
reduced or terminated pursuant to Section 2.06 or increased pursuant to Section 2.09. 
 “Agreed Currency” has
the meaning assigned to such term in Section 2.12(a). 
 “Agreement” has the meaning assigned to such term in the
preamble hereto. 
 “Allocated Canadian Borrowing Base” means, as of any date, the sum of (a) the portion of the U.S.
Borrowing Base designated by the Borrower to support the availability of Canadian Revolving Credit Exposure pursuant to a Borrowing Base Allocation Notice delivered in accordance with Section 2.07(e)(i) which is in effect as of such date
plus (b) the Nominal Canadian Borrowing Base. On the date of this Agreement, the initial Allocated Canadian Borrowing Base shall be $300,000,000. 

“Allocated U.S. Borrowing Base” means, as of any date, the amount equal to (a) the U.S. Borrowing Base minus
(b) the portion of the U.S. Borrowing Base designated by the Borrower to support the availability of Canadian Revolving Credit Exposure pursuant to a Borrowing Base Allocation Notice delivered in accordance with Section 2.07(e)(i) which is
in effect as of such date. As of the date of this Agreement, the initial Allocated U.S. Borrowing Base shall be $775,000,000. 

  
 2 








 “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest
of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day plus 1.00% (or if such day is not a
Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing at Reuters Reference Screen LIBOR01 (or on any successor or substitute
screen of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such screen of such service, as determined by the Global Administrative Agent from time to time for
purposes of providing quotations of interest rates applicable to Dollar deposits in the London interbank market) at approximately 11:00 a.m., London time on such day, as the rate for Dollar deposits with a one-month maturity; provided further
that, in the event that such rate is not available at such time for any reason, then the Adjusted LIBO Rate for such day shall be based on the rate (rounded upwards, if necessary, to the next 1/16 of 1%) at which Dollar deposits in the approximate
amount of the applicable ABR Borrowing with a one month maturity are offered by the principal London office of the Global Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, on
such day (or the immediately preceding Business Days if such day is not a day on which banks are open for dealings in Dollar deposits in the London interbank market). Any change in the Alternate Base Rate due to a change in the Prime Rate, the
Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 

“Applicable Margin” means, for any day with respect to the commitment fees payable hereunder, or with respect to any
Eurodollar Loan or ABR Loan, as the case may be, the rate per annum set forth in the appropriate column below under the caption “Commitment Fee Rate”, “Eurodollar Spread,” or “ABR Spread,” as the case may be, for the
Global Borrowing Base Utilization Percentage then in effect: 
  

													
	 	  	Commitment	 	 	Eurodollar	 	 	ABR	 
	 Global Borrowing Base Utilization Percentage
	  	Fee Rate	 	 	Spread	 	 	Spread	 
				
	 Greater than 90%
	  	 	0.500	% 	 	 	2.50	% 	 	 	1.50	% 
				
	 Greater than 75% but less than or equal to 90%
	  	 	0.500	% 	 	 	2.25	% 	 	 	1.25	% 
				
	 Greater than 50% and less than or equal to 75%
	  	 	0.500	% 	 	 	2.00	% 	 	 	1.00	% 
				
	 Greater than 25% and less than or equal to 50%
	  	 	0.375	% 	 	 	1.75	% 	 	 	0.75	% 
				
	 Less than or equal to 25%
	  	 	0.375	% 	 	 	1.50	% 	 	 	0.50	% 

 Each change in the Applicable Margin shall apply during the period commencing on the effective date of such change and ending
on the date immediately preceding the effective date of the next such change. 

  
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 “Applicable Percentage” means, with respect to any Lender at any time, a
fraction (expressed as a percentage) equal to (x) such Lender’s Combined Applicable Percentage of the Global Borrowing Base at such time minus the Canadian Commitment of such Lender at such time over (y) the aggregate Commitments at
such time; provided that in the case of Section 2.11 when a Defaulting Lender shall exist, “Applicable Percentage” as used in such Section 2.11 shall mean the percentage of the Aggregate Maximum Credit Amounts (disregarding any
Defaulting Lender’s Maximum Credit Amounts) represented by such Lender’s Maximum Credit Amount. 
 “Approved
Counterparty” means (a) any Lender or (b) any Affiliate of a Lender, (c) any Canadian Lender, (d) any Affiliate of a Canadian Lender or (e) any counterparty with a rating of its senior, unsecured, long-term
indebtedness for borrowed money that is not guaranteed by any other Person or subject to any other credit enhancement of better than or equal to “BBB-” or “Baa3” by S&P and Moody’s, respectively. 

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or
manages a Lender. 
 “Approved Petroleum Engineers” means (a) with respect to the U.S. Reserve Report, Schlumberger
Data and Consulting Services, (b) with respect to the Canadian Reserve Report, LaRoche Petroleum Consultants Limited and (c) any other independent petroleum engineers or other independent petroleum consultant(s) reasonably acceptable to
the Global Administrative Agent. 
 “Arrangers” means the Joint Lead Arrangers and Joint Bookrunners. 

“ASC” means the Financial Accounting Standards Board Accounting Standards Codification, as in effect from time to time. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 12.04(b)), and accepted by the Global Administrative Agent, in the form of Exhibit F or any other form approved by the Global Administrative Agent. 

“Availability Period” means the period from and including the Effective Date to but excluding the Termination Date. 

“Bank Products” means treasury management services (including, without limitation, controlled disbursement, automated
clearinghouse transactions, return items, overdrafts and interstate depository network services). 
 “Bank Products
Obligation” means an obligation in respect of a Bank Product provided by a Bank Products Provider. 
 “Bank Products
Provider” means any Lender or Affiliate of a Lender that provides Bank Products to the Borrower or any Restricted Subsidiary. 

  
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 “Barnett Holdings” has the meaning assigned to such term in the definition of
“Barnett Shale Transaction”. 
 “Barnett Shale Transaction” means a series of transactions (more fully described
below) upon the completion of which the MLP Barnett Shale Assets and the Specified Oil and Gas Swap Agreements will be wholly owned, directly or indirectly, by MLP. These transactions shall be consummated at the time of the initial public offering
of common units representing limited partnership interests of MLP and shall include the following transactions (or such similar or related transactions not material and adverse to the Lenders, taken as a whole) entered into prior to, on or after the
Effective Date: 
 (a) the Borrower shall form (A) the following Restricted Subsidiaries: (1) Quicksilver Partners Operating Ltd.,
a Cayman Islands exempted company (“MLP Opco”); (2) QP General Partner LLC, a Delaware limited liability company (“SpinCo”); and (3) QPP Holdings LLC, a Delaware limited liability company (“Barnett
Holdings”) and (B) the following Unrestricted Subsidiaries: Quicksilver Resources GP LLC, a Delaware limited liability company (“GP LLC”) and Quicksilver Production Partners LP, a Delaware limited partnership
(“MLP”) ((A) and (B) collectively, the “Newly Formed Barnett Subsidiaries”); 
 (b) the Borrower
shall contribute the MLP Barnett Shale Assets to MLP Opco; 
 (c) through a series of contributions involving SpinCo, Barnett Holdings and
GP LLC, the Borrower shall contribute (a) 100% of the equity interest of MLP Opco; (b) through the novation (or termination and replacement) described in clause (iv) below, the Specified Oil and Gas Swap Agreements; and (c) cash
in an amount equal to 0.1% of MLP’s equity interest following the MLP IPO to MLP in exchange for the Contribution Consideration and a general partnership interest in MLP; 

(d) at the time of or concurrently with the contribution of the Equity Interests in MLP Opco to MLP, (a) the Specified Oil and Gas Swap
Agreements shall be novated by the Borrower to MLP (or such Specified Oil and Gas Swap Agreements may instead be terminated and replaced), (b) all Liens created by the Security Instruments in the assets of, and any Investments by the Borrower
or its Restricted Subsidiaries in, MLP Opco shall automatically terminate and all obligations of MLP Opco under the Guaranty Agreement and Canadian Guaranty Agreement shall automatically be released and (c) MLP Opco shall automatically become
an Unrestricted Subsidiary; 
 (e) MLP or one of its wholly owned subsidiaries shall (a) enter into a new credit facility (the
“MLP Credit Agreement”) and (b) offer and sell up to 50% of its common units representing limited partnership interests through an initial public offering (the “MLP IPO”); 

(f) the Borrower will receive, directly or indirectly, through a series of distributions, transfers, reimbursements and/or intercompany loans
(any of which shall be subordinate to Secured Indebtedness), from MLP, (a) the net cash proceeds of the MLP IPO and the initial borrowings under the MLP Credit Agreement on the date of MLP IPO and (b) the MLP interests (collectively, the
“Contribution Consideration”) which shall, in the aggregate, equal the fair market value of the MLP Barnett Shale Assets and the Specified Oil and Gas Swap Agreements; 

  
 5 








 (g) MLP and GP LLC will enter into an omnibus agreement with the Borrower and certain of its
Affiliates, pursuant to which, among other things, the Borrower or such Affiliates will provide MLP and GP LLC with general, administrative and operational services; and 

(h) MLP and the Borrower will enter into a tax sharing agreement pursuant to which MLP will pay the Borrower (or its Affiliates) MLP’s
share of state and local income and other taxes for which MLP’s results are included in a combined or consolidated tax return filed by the Borrower or its Affiliates. 

“BBEP” means BreitBurn Energy Partners L.P., a Delaware limited partnership. 

“BBEP Common Units” means Common Units of BBEP, and shall include any securities into or for which such Common Units are
reclassified, converted or exchanged in connection with (a) a consolidation, merger, reorganization or other business combination transaction to which BBEP is a party and in which BBEP is the continuing or surviving Person or (b) a
transfer of all or substantially all of the assets of BBEP. 
 “Board” means the Board of Governors of the Federal Reserve
System of the United States of America or any successor Governmental Authority. 
 “Borrowing” means (a) Loans of the
same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect and (b) Swingline Loans. 

“Borrowing Base Allocation Notice” has the meaning assigned to such term in Section 2.07(e)(i). 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03. 

“Business Day” means any day that is not a Saturday, Sunday or a United States federal holiday or any other day on which the
Chicago office of the Global Administrative Agent is closed or any other day in which commercial banks in New York City are authorized or required by law to be closed; provided that if such day relates to a Borrowing or continuation of, a
payment or prepayment of principal of or interest on, or a conversion of or into, or the Interest Period for, a Eurodollar Loan or a notice by the Borrower with respect to any such Borrowing or continuation, payment, prepayment, conversion or
Interest Period, any day which is also a day on which banks are open for dealings in Dollar deposits in the London interbank market. 

“Canadian Administrative Agent” means the “Administrative Agent” under the Canadian Credit Agreement. 

“Canadian Affected Property” has the meaning assigned to such term in Section 8.12(a). 

“Canadian Aggregate Maximum Credit Amounts” means the “Aggregate Maximum Credit Amounts” under the Canadian Credit
Agreement. 
 “Canadian Benefit Plans” means any employee benefit plan, maintained or contributed to by any Canadian
Subsidiary that is not a Canadian Pension Plan and which is primarily for the 

  
 6 








 
benefit of the employees or former employees of any Canadian Subsidiary employed in Canada who participate or are eligible to participate, including all profit sharing, incentive compensation,
savings, supplemental retirement, retiring allowance, severance, deferred compensation, welfare, bonus, supplementary unemployment benefit plans or arrangements and all life, health, dental and disability plans and arrangements primarily for the
benefit of such employees. 
 “Canadian Borrowings” means “Borrowings” under the Canadian Credit Agreement. 

“Canadian Credit Agreement” means the Amended and Restated Credit Agreement dated as of even date herewith among QRCI, as
Borrower, the Canadian Administrative Agent, and others. 
 “Canadian Commitments” means the “Commitments” of the
Canadian Lenders under the Canadian Credit Agreement. 
 “Canadian Defaulting Lender” means a “Defaulting Lender”
under the Canadian Credit Agreement. 
 “Canadian Dollars” or “C$” refers to the lawful money of Canada.

 “Canadian Guarantor” means each Guarantor which is formed under the laws of Canada or any province or territory thereof.

 “Canadian Guaranty Agreement” means the “Guaranty Agreement” under the Canadian Credit Agreement. 

“Canadian LC Exposure” means the “LC Exposure” under the Canadian Credit Agreement. 

“Canadian Lenders” means the “Lenders” under the Canadian Credit Agreement. 

“Canadian Letters of Credit” means the “Letters of Credit” under the Canadian Credit Agreement. 

“Canadian Loans” means the “Loans” under the Canadian Credit Agreement. 

“Canadian Loan Document” means any “Loan Document” under the Canadian Credit Agreement. 

“Canadian Majority Lenders” means the “Majority Lenders” under the Canadian Credit Agreement. 

“Canadian Material Restricted Subsidiary” means any “Material Restricted Subsidiary” under the Canadian Credit
Agreement. 
 “Canadian Maximum Credit Amount” means, with respect to any Lender at any time, the “Maximum Credit
Amount” of such Lender under the Canadian Credit Agreement at such time. 
 “Canadian Notes” means the
“Notes” under the Canadian Credit Agreement. 

  
 7 








 “Canadian Pension Plan” means any pension plan to which any Canadian Subsidiary
contributes or has made contributions on behalf of its employees and required to be registered under Canadian provincial or federal pension benefits standards legislation and which is contributed to by (or to which there is or may be an obligation
to contribute by) the Canadian Subsidiaries, other than a multi-employer pension plan as defined under such legislation. 

“Canadian Pension Plan Termination Event” means an event which would reasonably be expected to entitle a Person (without the
consent of any Canadian Subsidiary) to wind-up or terminate a Canadian Pension Plan in full or in part, or the institution of any steps by any Governmental Authority to terminate or order the termination or wind-up of, in full or in part, any
Canadian Pension Plan, or an event respecting any Canadian Pension Plan which would result in the revocation of the registration of such Canadian Pension Plan or which could otherwise reasonably be expected to adversely affect the tax status of any
such Canadian Pension Plan. 
 “Canadian Permitted Additional Debt” means any Permitted Additional Debt other the U.S.
Permitted Additional Debt. 
 “Canadian Required Lenders” means the “Required Lenders” under the Canadian Credit
Agreement. 
 “Canadian Reserve Report” means a Reserve Report for the Oil and Gas Properties located within the
territorial limits of Canada. 
 “Canadian Reserve Report Affected Property” has the meaning assigned to such term in
Section 8.12(a). 
 “Canadian Revolving Credit Exposure” means the “Revolving Credit Exposure” under the
Canadian Credit Agreement. 
 “Canadian Secured Indebtedness” means the “Secured Indebtedness” under the Canadian
Credit Agreement. 
 “Canadian Secured Parties” means the “Secured Parties” under the Canadian Credit Agreement.

 “Canadian Security Instruments” means the “Security Instruments” under the Canadian Credit Agreement. 

“Canadian Subsidiaries” means, collectively, QRCI and its Subsidiaries that are Restricted Subsidiaries. 

“Canadian Sweep Accounts” means the “Sweep Accounts” under the Canadian Credit Agreement. 

“Capital Leases” means, in respect of any Person, all leases that are or should be in accordance with GAAP recorded as
capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder. 

  
 8 








 “Cash Interest Expense” means, with respect to the Borrower and the Consolidated
Restricted Subsidiaries on a consolidated basis for any period, Interest Expense for such period, less the sum of (a) pay-in-kind Interest Expense or other non-cash Interest Expense (including as a result of the effects of purchase
accounting), (b) to the extent included in Interest Expense, the amortization of any financing fees paid by, or on behalf of, the Borrower or any Consolidated Restricted Subsidiary, including such fees paid in connection with the Transactions,
(c) the amortization of debt discounts, if any, or fees and deferred gains or losses with respect to Swap Agreements in respect of interest rates, (d) interest income of the Borrower and the Consolidated Restricted Subsidiaries actually
received in cash for such period, (e) any charges related to any premium or penalty paid, write off of deferred financing costs or other financial recapitalization charges in connection with redeeming or retiring any indebtedness prior to its
stated maturity, (f) to the extent included in Interest Expense, any interest paid on property and income tax payments, litigation settlements or any other obligation that does not constitute Debt and (g) interest expense capitalized
during such period; provided that (i) Cash Interest Expense shall exclude any one-time financing fees paid in connection with the Transactions or any amendment of this Agreement or the Canadian Credit Agreement and (ii) that if any
such Person shall have Redeemed any Existing Debt or Permitted Additional Debt during such period, Cash Interest Expense shall be subject to pro forma adjustments for such Redemption as if such Redemption had occurred on the first day of such period
in a manner satisfactory to the Global Administrative Agent. 
 “Casualty Event” means any loss, casualty or other damage
to, or any nationalization, taking under power of eminent domain or by condemnation or similar proceeding of, any Oil and Gas Property of the Borrower or any of its Restricted Subsidiaries. 

“Change in Control” means, after the Effective Date, the occurrence of any of the following: (a) any “person”
or “group” of related persons (as such terms are used in Section 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act, except that such person or group shall be deemed to have “beneficial ownership” of all Equity Interests that such person or group has the right to acquire, whether such right is exercisable immediately or only after the
passage of time), directly or indirectly, of more than 35% of the total voting power of the Equity Interests of the Borrower (or its successor by merger, consolidation or purchase of all or substantially all of its assets) (for the purposes of this
clause, such person or group shall be deemed to beneficially own any Equity Interest of the Borrower held by a parent entity of the Borrower, if such person or group “beneficially owns” (as defined above), directly or indirectly, more than
50% of the voting power of the Equity Interests of such parent entity); (b) a majority of the members of the board of directors of the Borrower are not Continuing Directors; (c) the sale, lease, transfer, conveyance or other disposition
(other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of Borrower and its Restricted Subsidiaries taken as a whole to any “person” (as such term is used in
Sections 13(d) and 14(d) of the Exchange Act); (d) the adoption by the stockholders of the Borrower of a plan or proposal for the liquidation or dissolution of the Borrower; (e) a “Change in Control” or similar event occurs under
and as defined in any indenture or similar governing document in respect of Existing Debt or Permitted Additional Debt but only to the extent, in the case of this clause (e), the occurrence of any such event gives rise to an obligation of the
Borrower or any other Restricted Subsidiary to redeem, repay or repurchase, or otherwise offer 

  
 9 








 
to redeem, repay or repurchase, all or any portion of such Existing Debt or Permitted Additional Debt, which redemption, repayment or repurchase is not otherwise permitted by the terms of this
Agreement; or (f) the Borrower shall cease to own, directly or indirectly, all of the issued and outstanding Equity Interests in QRCI. 

“Change in Law” means (a) the adoption of any law, rule or regulation after the Effective Date (including, without
limitation, any rule or regulation adopted by any Governmental Authority after the Effective Date under the framework of the Dodd-Frank Wall Street Reform and Consumer Protection Act or in connection with the Bank for International Settlements, the
Basel Committee on Banking Supervision or the United States, Canadian or foreign regulatory authorities, in each case, pursuant to Basel III), (b) any change in any law, rule or regulation or in the interpretation or application thereof by any
Governmental Authority after the Effective Date or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 5.01(b), by any lending office of such Lender or by such Lender’s or such Issuing Bank’s holding
company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the Effective Date (including, without limitation, any requests, guidelines or directives made or
issued after the Effective Date in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act or promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision or the United States, Canadian or
foreign regulatory authorities, in each case, pursuant to Basel III). 
 “Chicago” means Chicago, Illinois. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute. 

“Combined Aggregate Maximum Credit Amount” means the sum of (a) the Aggregate Maximum Credit Amounts and (b) the
Canadian Aggregate Maximum Credit Amounts. 
 “Combined Applicable Percentage” means, with respect to any Lender, the
percentage set forth on Annex I from time to time as may be (a) modified from time to time pursuant to Section 2.09 and (b) modified from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04(b).

 “Combined Credit Exposure” means, at the time of determination, the sum of (a) the aggregate Revolving Credit
Exposure of the Lenders hereunder, and (b) the Dollar Equivalent of the aggregate Canadian Revolving Credit Exposure. 

“Combined Commitments” means the aggregate of (a) the Commitments of the Lenders hereunder and (b) the Canadian
Commitments. The initial aggregate principal amount of the Combined Commitments is $1,075,000,000. 
 “Combined Defaulting
Lender” means a Combined Lender that is a Defaulting Lender or a Canadian Defaulting Lender. 
 “Combined Lenders”
means the Lenders hereunder and the Canadian Lenders. 

  
 10 








 “Combined Letters of Credit” means the Letters of Credit and the Canadian
Letters of Credit. 
 “Combined Loan Documents” means the Loan Documents and the Canadian Loan Documents. 

“Combined Loans” means the loans made by the Combined Lenders to the Borrower and QRCI pursuant to the Combined Loan
Documents. 
 “Combined Maximum Credit Amount” means, with respect to any Lender at any time, the sum of such Lender’s
Maximum Credit Amount and Canadian Maximum Credit Amount at such time. 
 “Combined Obligations” means the aggregate of the
Secured Indebtedness and the Canadian Secured Indebtedness. 
 “Commitment” means, with respect to each Lender, the
commitment of such Lender to make Loans, to acquire participations in Letters of Credit hereunder and to make Refunded Swingline Loans and purchase participations in Swingline Loans pursuant to Section 2.10, expressed as an amount representing
the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) modified from time to time pursuant to Section 2.06 or Section 2.09 and (b) modified from time to time pursuant
to assignments by or to such Lender pursuant to Section 12.04(b). The amount representing each Lender’s Commitment shall be the lesser of such Lender’s Maximum Credit Amount and such Lender’s Applicable Percentage of the then
effective Allocated U.S. Borrowing Base. 
 “Commitment Fee Rate” has the meaning assigned to such term in the definition
of “Applicable Margin”. 
 “Consolidated Net Income” means with respect to the Borrower and the Consolidated
Restricted Subsidiaries, for any period, the aggregate of the net income (or loss) of the Borrower and its Consolidated Restricted Subsidiaries after allowances for taxes for such period determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded from such net income (or loss) (to the extent otherwise included therein) the following (without duplication): 

(a) the net income (or loss) for such period of any Person which is not a Consolidated Restricted Subsidiary, except that the amount of
dividends, distributions or other payments in respect of equity actually paid in cash during such period by such other Person to the Borrower or to a Consolidated Restricted Subsidiary (or to the extent any non-cash dividend, distribution or other
payment made during such period by such other Person to the Borrower or to a Consolidated Restricted Subsidiary was converted into cash by the Borrower or such Consolidated Restricted Subsidiary during such period) shall be included in such net
income (or loss), as the case may be; 
 (b) the net income (but not loss) during such period of any Consolidated Restricted Subsidiary to
the extent that the declaration or payment of dividends or similar distributions or transfers or loans by that Consolidated Restricted Subsidiary is not at the time permitted by the terms of its charter or any agreement, instrument or Governmental
Requirement applicable to such Consolidated Restricted Subsidiary or is otherwise restricted or prohibited; 

  
 11 








 (c) any extraordinary gains (net of extraordinary losses) during such period; 

(d) non-cash gains, losses or adjustments, including non-cash gains, losses or adjustments under authoritative guidance from the FASB as a
result of changes in the fair market value of derivatives and any gains or losses attributable to writeups or writedowns of assets, including ceiling test writedowns and writedowns under authoritative guidance from the FASB as a result of accounting
for oil and gas activities, goodwill and other intangible assets, and property, plant and equipment (for the avoidance of doubt, realized gains or losses will be counted in Consolidated Net Income in the quarter that cash is actually received or
paid); 
 (e) any premium or penalty paid, interest expense capitalized in such period, write off of deferred financing costs or other
financial recapitalization charges in connection with redeeming or retiring any indebtedness prior to its stated maturity; 
 (f) any
non-cash employee, officer or director based compensation; and 
 (g) any gain realized (net of losses) in connection with asset sales. 

“Consolidated Restricted Subsidiaries” means any Restricted Subsidiaries that are Consolidated Subsidiaries. 

“Consolidated Subsidiaries” means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the
financial statements of which are or shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP. 

“Continuing Directors” means the individuals (i) who were members of the board of directors or other equivalent
governing body of the Borrower on the Effective Date, (ii) whose election or nomination to such board or body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a
majority of such board or body or (iii) whose election or nomination to such board or body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a
majority of such board or body. 
 “Contribution Consideration” has the meaning assigned to such term in the definition of
“Barnett Shale Transaction”. 
 “Control” means the power to direct the management and policies of a Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “Controlling” and “Controlled” have meanings correlative of the foregoing. 

  
 12 








 “Currency” means, with respect to any Letter of Credit, whether such Letter of
Credit is denominated in Canadian Dollars or Dollars. 
 “Debt” means, for any Person, the sum of the following (without
duplication): 
 (a) all obligations of such Person for borrowed money or evidenced by bonds, debentures, notes or other similar
instruments; 
 (b) all obligations of such Person in respect of drawn letters of credit, bankers’ acceptances, surety or other bonds
and similar instruments that have not previously been reimbursed; 
 (c) all amounts owed by such Person representing the deferred purchase
price of Property or services (other than liabilities of such Person to trade creditors arising in the ordinary course of business (including guarantees thereof or instruments evidencing such liabilities) that are either (i) not greater than 90
days past the invoice or billing date or (ii) are being contested in good faith by appropriate proceedings and adequate reserves therefore have been established under GAAP); 

(d) all obligations under Capital Leases; 

(e) all obligations under all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the
financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of United States and Canadian federal income taxes, if
the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early
termination of such lease; 
 (f) obligations to deliver commodities, goods or services, including, without limitation, Hydrocarbons, in
consideration of one or more advance payments, other than gas balancing arrangements in the ordinary course of business and obligations to deliver goods manufactured by such Person in consideration of deposits, progress payments or other advance
payments in the ordinary course of business; 
 (g) all Debt (as defined in the other clauses of this definition) of others secured by a
Lien on any Property of such Person, whether or not such Debt is assumed by such Person to the extent of the lesser of the fair market value of the property subject to such Lien and the amount of such Debt; 

(h) all Debt (as defined in the other clauses of this definition) of others Guaranteed by such Person to the extent of the lesser of the
amount of such Debt and the maximum stated amount of such Guarantee; 
 (i) any Debt of a partnership for which such Person is liable either
by agreement, by operation of law or by a Governmental Requirement but only to the extent of such liability; 
 (j) Disqualified Capital
Stock; and 
 (k) the undischarged balance of any production payment created by such Person or for the creation of which such Person
directly or indirectly received payment. 

  
 13 








 The Debt of any Person shall include all obligations of such Person of the character described
above notwithstanding that any such obligation is not included as a liability of such Person under GAAP. For the avoidance of doubt, “Debt” does not include obligations in respect of Swap Agreements, indemnities incurred in the ordinary
course of business or in connection with the disposition of assets, any non-cash employee, officer or director compensation, any compensation paid to employees, officers or directors pursuant to stock appreciation rights, or, except to the extent
set forth in the foregoing clause (e), obligations under operating leases. 
 “Default” means any event or condition which
constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 

“Default Rate” means a rate per annum equal to 2% plus the rate applicable to ABR Loans as provided in Section 3.02(a).

 “Defaulting Lender” means any Lender, as reasonably determined by the Global Administrative Agent, that has
(a) failed to comply with its obligation to fund any portion of its Loans or participations in Letters of Credit or Swingline Loans within two (2) Business Days of the date required to be funded by it hereunder unless such Lender notifies
the Global 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), which has not been waived by the Required Lenders, has not been satisfied, (b) notified the Borrower, the Global Administrative Agent, any Issuing Bank, the Swingline Lender or any
Lender in writing that it does not intend to comply with any portion of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with any portion of its funding obligations under
this Agreement (unless such writing relates to such Lenders’ 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), which has not been waived by the Required Lenders, cannot be satisfied), (c) failed, within three (3) Business Days after written
request by the Global Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in the then outstanding Letters of Credit and Swingline Loans;
provided, that any such Lender will cease to be a Defaulting Lender under this clause (c) upon receipt of such confirmation by the Global Administrative Agent, (d) otherwise failed to pay over to the Global Administrative Agent or
any other Lender any other amount required to be paid by it hereunder within two (2) Business Days of the date when due, or (e) (i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become the
subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding
or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its
consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender 

  
 14 








 
shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of an Equity Interest in such Lender or a parent company thereof by a Governmental Authority or an
instrumentality thereof. For avoidance of doubt (A) an assignee of a Defaulting Lender shall not be deemed to be a Defaulting Lender solely by virtue of the fact that it is an assignee of a Defaulting Lender, (B) neither the reallocation
of funding obligations provided for in Section 2.11 as a result of a Lender being a Defaulting Lender nor the performance by non-Defaulting Lenders of such reallocated funding obligations will by themselves cause the relevant Defaulting Lender
to become a non-Defaulting Lender and (C) when a Defaulting Lender ceases to be a Defaulting Lender (due to assignment to a new or existing Lender, commitment reduction pursuant to Section 2.11 or otherwise), all cash collateral deposited
with respect to LC Exposure or Swingline Loans pursuant to Section 2.11(b) shall be promptly released to the Borrower (unless such cash collateral is otherwise required to remain on deposit pursuant to any other provision hereof) and all
commitment reallocations under Section 2.11 shall be promptly adjusted. 
 “Deficiency Notification Date” has the
meaning assigned to such term in Section 3.04(c)(ii). 
 “Discretionary Borrowing Base Allocation Notice” has the
meaning assigned to such term in Section 2.07(e)(ii). 
 “Discretionary Borrowing Base Reallocation” has the meaning
assigned to such term in Section 2.07(e)(ii). 
 “Disqualified Capital Stock” means any Equity Interest that, by its
terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event, matures or is mandatorily redeemable for any consideration other than other Equity Interests (which would not
constitute Disqualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is convertible or exchangeable for Debt or redeemable for any consideration other than other Equity Interests (which would not constitute Disqualified
Capital Stock) at the option of the holder thereof, in whole or in part, on or prior to the date that is 91 days after the earlier of (a) the Maturity Date and (b) the date on which there are no Loans, LC Exposure or other obligations
hereunder outstanding and all of the Commitments are terminated. 
 “Dollar Equivalent” means, at any date, with respect to
any amount denominated in 
 (a) Canadian Dollars, the equivalent amount thereof in Dollars as determined by the Global Administrative Agent
or the Issuing Bank, as the case may be, at such time on the basis of the amount of Dollars into which such amount of Canadian Dollars may be converted at the rate of exchange for determining the amount of Dollars that may be purchased with such
amount of Canadian Dollars as appearing on the Reuters World Currency Page at approximately 12:00 noon, New York time for the most recent Revaluation Date or, if such rate does not appear on any Reuters World Currency Page for such most recent
Revaluation Date, The Bank of Canada mid-point spot rate of exchange for such date in Toronto at approximately 12:00 noon, Toronto time as of such most recent Revaluation Date, and 

  
 15 








 (b) any other foreign currency, the equivalent amount thereof in Dollars as determined by the
Global Administrative Agent, as the case may be, at such time on the basis of the amount of Dollars into which such amount of foreign currency may be converted at the rate of exchange for determining the amount of Dollars that may be purchased with
such amount of such foreign currency as appearing on the Reuters World Currency Page at approximately 12:00 noon, New York time for the most recent Revaluation Date or, if such rate does not appear on any Reuters World Currency Page for such most
recent Revaluation Date, such rate of exchange shall be determined by reference to such other publicly available service for displaying exchange rates as may be reasonably selected by the Global Administrative Agent by referencing such rate of
exchange appearing on such service at approximately 12:00 noon, New York time as of such most recent Revaluation Date; 
 provided
that, in each case, if any such rates of exchange cannot be determined pursuant to clauses (a) and (b) above, the Dollar Equivalent of such amount shall be determined by the Global Administrative Agent using any reasonable method it deems
appropriate to determine such rate of exchange, after consultation with the Borrower. 
 “Dollars” or “$”
refers to lawful money of the United States of America. 
 “Domestic Subsidiary” means (x) any Restricted Subsidiary
that is organized under the laws of the United States of America or any state thereof or the District of Columbia and (y) prior to the release contemplated by Section 8.13, MLP Opco. 

“EBITDAX” means, for any period, the sum of Consolidated Net Income for such period plus (i) the following
expenses or charges to the extent deducted in determining Consolidated Net Income in such period (without duplication): interest; sales, franchise and income taxes; depreciation; depletion and accretion; amortization; exploration expenses; seismic,
geologic and geophysical services performed in connection with oil and gas exploration; accretion of asset retirement obligations in accordance with ASC Topic 410, Accounting for Asset Retirement Obligations, and any similar accounting in prior
periods; and other non-cash expenses, adjustments, losses or charges, plus (ii) an amount equal to twenty-five percent (25%) of the Net Proceeds received by the Borrower during such period from sales of BBEP Common Units owned by
the Borrower on or prior to the Effective Date, and minus (iii) all non-cash income included in the calculation of Consolidated Net Income; provided, however, that if any such Person shall have consummated any Material Acquisition
or Material Disposition during such period, EBITDAX shall be subject to pro forma adjustments for such acquisition or disposition, as if such acquisition or disposition had occurred on the first day of such period and shall also include adding back
to Consolidated Net Income any non-recurring or one-time cash or non-cash charges or expenses associated with such acquisition or disposition; provided, however, that such pro forma adjustments shall be in a manner satisfactory to the Global
Administrative Agent. 
 “Effective Date” means the date on which the conditions specified in Section 6.01 are
satisfied (or waived in accordance with Section 12.02). 
 “Engineering Reports” has the meaning assigned such term in
Section 2.07(c)(i). 

  
 16 








 “Environmental Complaint” means any written complaint, summons, citation,
notice, directive, order, claim, litigation, investigation, proceeding, judgment, letter or other communication from any federal, provincial, territorial, state or municipal authority or any other party against the Borrower or any Restricted
Subsidiary involving (a) a Hazardous Discharge from or onto any real property owned, leased or operated at any time by Borrower or any Subsidiary, or (b) a Hazardous Discharge caused, in whole or in part, by Borrower or any Subsidiary or
by any Person acting on behalf of or at the instruction of the Borrower or any Subsidiary, or (c) any violation of any Environmental Law by the Borrower or any Subsidiary. 

“Environmental Laws” means any and all Governmental Requirements pertaining in any way to health and safety (with respect to
exposure to hazardous substances), the environment or the preservation or reclamation of natural resources, as applicable in any jurisdictions in which the Borrower or any Restricted Subsidiary is conducting or at any time has conducted business, or
where any Oil and Gas Property of the Borrower or any Restricted Subsidiary is located, including without limitation, (a) with respect to the Borrower or any Domestic Subsidiary or any Oil and Gas Property of the Borrower or any Domestic
Subsidiary located in the United States, the Oil Pollution Act of 1990, as amended (“OPA”), the Clean Air Act, as amended, the Comprehensive Environmental, Response, Compensation, and Liability Act of 1980, as amended
(“CERCLA”), the Federal Water Pollution Control Act, as amended, the Occupational Safety and Health Act of 1970, as amended, the Resource Conservation and Recovery Act of 1976, as amended (“RCRA”), the Safe Drinking
Water Act, as amended, the Toxic Substances Control Act, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, the Hazardous Materials Transportation Act, as amended and (b) with respect to any Canadian Subsidiary
conducting business, or any Oil and Gas Property of any Canadian Subsidiary located, in Canada, the Environmental Protection and Enhancement Act, R.S.A. 2000, c. E-12, as amended, (“EPEA”), the Oil and Gas Conservation Act, R.S.A. 2000, c.
E-12, as amended (“OGCA”) and the Canadian Environmental Protection Act, 1999. S.C. 1999. c. 33, as amended. With respect to the Borrower or any Domestic Subsidiary or any Oil and Gas Property of the Borrower or any Domestic Subsidiary
located in the United States, the term “oil” has the meaning specified in OPA, the terms “release” (or “threatened release”) have the meanings specified in CERCLA, the terms “solid waste” and
“disposal” (or “disposed”) have the meanings specified under applicable State Environmental Law; provided, however, that to the extent the applicable Environmental Laws of the state or local jurisdiction in which any Oil and Gas
Property of the Borrower or any Subsidiary is located establish an equivalent meaning for “oil”, “release”, or “disposal” which is broader than that specified above, such broader meaning shall apply to the extent
applicable to such state or local jurisdiction. With respect to any Canadian Subsidiary conducting business, or any Oil and Gas Property of any Canadian Subsidiary located, in Canada, the term “oil” has the meaning specified in OGCA, the
term “release” has the meanings specified in EPEA, the terms “solid waste” and “disposal” (or “disposed”) have the meanings, or comparable meanings, specified under applicable provincial or territorial
Environmental Law in Canada; provided, however, that to the extent the applicable Environmental Laws of the province, territory or local jurisdiction in which any Oil and Gas Property of any Canadian Subsidiary is located establish an
equivalent meaning for “oil”, “release”, or “disposal” which is broader than that specified above, such broader meaning shall apply to the extent applicable to such province, territory or local jurisdiction. 

  
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 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Restricted Subsidiary resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment, or
(e) any contract or agreement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such Equity Interest. Convertible debt (including, without limitation,
the Existing Convertible Debentures) shall not constitute “Equity Interests” for purposes hereof. 
 “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute. 
 “ERISA Affiliate”
means each trade or business (whether or not incorporated) which together with the Borrower or any Restricted Subsidiary would be deemed to be a “single employer” within the meaning of section 4001(b)(1) of ERISA or subsections (b), (c),
(m) or (o) of section 414 of the Code. 
 “ERISA Event” means (a) a “Reportable Event” described
in section 4043 of ERISA and the regulations issued thereunder with respect to a Pension Plan, (b) the withdrawal of the Borrower, a Restricted Subsidiary or any ERISA Affiliate from a Pension Plan during a plan year in which it was a
“substantial employer” as defined in section 4001(a)(2) of ERISA or from a Multiemployer Plan, (c) the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination under
section 4041 of ERISA, (d) the institution of proceedings to terminate a Pension Plan by the PBGC, (e) receipt by Borrower, a Restricted Subsidiary, or any ERISA Affiliate of a notice of withdrawal liability pursuant to Section 4202
of ERISA, (f) any other event or condition which might constitute grounds under section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, (g) the incurrence or assumption by Borrower, a
Restricted Subsidiary, or any ERISA Affiliate of any liability under Title IV of ERISA with respect to any Pension Plan or Multiemployer Plan (other than to make contributions in the ordinary course of business for the payment of current premiums
which are not past due), (h) the occurrence of a non-exempt prohibited transaction under section 406 of ERISA or section 4975 of the Code that is reasonably likely to result in liability to the Borrower or a Restricted Subsidiary, (i) the
failure with respect to a Pension Plan, to satisfy the minimum funding standard under section 412 of the Code or section 302 of ERISA, or (j) the receipt by Borrower, any Restricted Subsidiary, or any ERISA Affiliate of any notice concerning
the determination that a Multiemployer Plan is in endangered or critical status, within the meaning of section 305 of ERISA, or insolvent or in reorganization, within the meaning of Title IV of ERISA. 

  
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 “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Event of Default” has the meaning assigned to such term in Section 10.01. 

“Excepted Liens” means: 

(a) Liens for Taxes, assessments or other governmental charges or levies which (i) are not delinquent or which are being contested in
good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP or (ii) result from a failure by the third-party lessor of any Oil and Gas Property to pay such Taxes, assessments or other
governmental charges or levies owing by such third-party lessor, which is satisfied within 60 days after a Responsible Officer of the Borrower becomes aware thereof; 

(b) Liens incurred or deposits made in connection with workers’ compensation, unemployment insurance or other social security, old age
pension or public liability obligations which are not delinquent or in default (except to the extent that non-payment of such obligations is permitted by Section 8.04); 

(c) statutory landlord’s Liens, operators’, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’,
suppliers’, workers’, materialmen’s, journeymen’s, landlord’s and construction Liens, Liens on pipelines and pipeline facilities or other like Liens, in each case arising by operation of law in the ordinary course of
business or incident to the exploration, development, operation and maintenance of Properties each of which is in respect of obligations that are not delinquent or in default (except to the extent that non-payment of such obligations is permitted by
Section 8.04); 
 (d) contractual Liens which arise in the ordinary course of business under operating agreements, joint venture
agreements, oil and gas partnership agreements, oil and gas leases, farm-out and farm-in agreements, division orders, contracts for the sale, transportation or exchange of oil and natural gas, unitization and pooling declarations and agreements,
area of mutual interest agreements, overriding royalty agreements, marketing agreements, processing agreements, net profits agreements, development agreements, gas balancing or deferred production agreements, injection, repressuring and recycling
agreements, salt water or other disposal agreements, seismic or other geophysical permits or agreements, and other agreements which are usual and customary in the oil and gas business and are for claims which are not delinquent or which are being
contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP, provided that any such Lien referred to in this clause does not (i) materially impair the use of the Property
covered by such Lien for the purposes for which such Property is held by the Borrower or any Restricted Subsidiary or (ii) materially impair the value of such Property subject thereto; 

(e) Liens arising solely by virtue of any statutory or common law provision relating to banker’s liens, rights of set-off or similar
rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository institution; 

  
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 (f) Immaterial Title Deficiencies and (i) other minor defects in title which (ii) for
purposes of this Agreement, shall include, but not be limited to, easements, restrictions, zoning restrictions, servitudes, permits, conditions, covenants, exceptions or reservations in any Property of the Borrower or any Restricted Subsidiary for
the purpose of roads, streets, alleys, highways, telephone lines, power lines, pipelines, transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or other minerals or timber, and other like purposes, or for the
joint or common use of real estate, rights of way, facilities and equipment, surface leases and other similar rights in respect of surface operations, (iii) in the aggregate do not materially impair the use of such Property for the purposes of
which such Property is held by the Borrower or any Restricted Subsidiary and (iv) in the aggregate do not materially impair the value of such Property subject thereto; 

(g) (i) Liens on cash or securities pledged to secure performance of tenders, surety bonds, government contracts, performance and return of
money bonds, bids, trade contracts, leases, statutory obligations, regulatory obligations, and other obligations of a like nature incurred, in each case, in the ordinary course of business, and (ii) Liens on cash or securities pledged to secure
performance of appeal bonds, injunction bonds and other obligations of a like nature, including, in the case of clauses (i) and (ii), cash on deposit with a court or any Person in lieu of or in connection with any of the items referenced in
this clause 0; 
 (h) judgment and attachment Liens not giving rise to an Event of Default under Section 10.01(k); and 

(i) Liens arising from or perfected by precautionary Uniform Commercial Code financing statement filings (or similar filings or registrations
in other jurisdictions including Canada) or other applicable precautionary filings regarding operating leases entered into by the Borrower and any Restricted Subsidiary in the ordinary course of business covering only the Property under lease and
accessions thereto, rights under warranties with respect thereto, proceeds thereof and other similar rights and interests; 

provided, that (v) no intention to subordinate the first priority Lien in the collateral granted in favor of the Global
Administrative Agent and the Secured Parties pursuant to the Security Instruments is to be hereby implied or expressed by the permitted existence of such Excepted Liens and (vi) the term “Excepted Liens” shall not include any Lien
securing Debt for borrowed money other than the Secured Indebtedness. 
 “Exchange Act” the Securities Exchange Act of
1934, as amended. 
 “Excluded Taxes” means, with respect to the Global Administrative Agent, any Lender, any Issuing Bank
or any other recipient of any payment to be made by or on account of any obligation of the Borrower or any Guarantor hereunder or under any other Loan Document, (a) taxes imposed on (or measured by) net income (however denominated) and
franchise taxes, in each case imposed by the United States of America or such other jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable
lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower or any Guarantor is located, (c) in the case of a Foreign Lender
(other than an assignee 

  
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pursuant to a request by the Borrower under Section 5.04(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party to
this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 5.03(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts with respect to such withholding tax pursuant to Section 5.03(a) or Section 5.03(c) and (d) any U.S. federal Taxes imposed under FATCA. 

“Existing Canadian Credit Agreement” has the meaning assigned to such term in the recitals to this Agreement. 

“Existing Convertible Debentures” means, collectively, each of Borrower’s 1.875% Convertible Subordinated Debentures due
2024, as amended, restated, renewed, extended, supplemented, increased, replaced, refinanced or otherwise modified from time to time to the extent permitted under Section 9.05(b). 

“Existing Credit Agreement” has the meaning assigned to such term in the recitals to this Agreement. 

“Existing Debt” means the Existing Convertible Debentures, Existing Subordinate Notes, Existing 2015 Senior Notes, Existing
2016 Senior Notes and Existing 2019 Senior Notes. 
 “Existing Lenders” has the meaning assigned to such term in the
recitals to this Agreement. 
 “Existing Midstream Assets” means all tangible and intangible property owned by the Canadian
Subsidiaries on the Effective Date and used in (a) gathering, compressing, treating, processing and transporting natural gas, crude, condensate and natural gas liquids; (b) fractionating and transporting natural gas, crude, condensate and
natural gas liquids; and (c) marketing natural gas, crude, condensate and natural gas liquids, including, without limitation, gathering lines, pipelines, storage facilities, surface leases, rights-of-way, easements and servitudes related to
each of the foregoing, including, without limitation, the pipeline known as the Maxhamish Pipeline (as it exists on the Effective Date, and as it may thereafter exist having regard to the additional compressors and equipment to be installed and
construction and other work to be done for its completion, and which tangible and intangible property includes all line pipe, compressors and other tangible equipment and property now or hereafter comprised therein or ancillary thereto, and all
related rights-of-way, easements and similar rights relating to the use of and access to the surface of the land in or on which the Maxhamish Pipeline is located) and a gathering agreement and processing agreement signed or to be signed by and
between QRCI and an Unrestricted Subsidiary or the partnership referred to in the definition of Midstream Joint Venture in respect of the gathering and other handling of QRCI’s Hydrocarbons production in the said Maxhamish Pipeline and the
processing of such Hydrocarbons, respectively. For purposes of clarity, “Existing Midstream Assets” shall not include any Oil and Gas Properties of the types described in clauses (a) through (e) of the definition of Oil and Gas
Properties, other than the said gathering agreement and any other contracts and agreements that relate to the sale, purchase, transportation, gathering, exchange, or processing of Hydrocarbons hereinafter entered into by a Canadian Subsidiary with
the partnership referred to in the definition of Midstream Joint Venture. 

  
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 “Existing Subordinate Notes” means, collectively, each of Borrower’s 7 1⁄8% Senior Subordinated Notes due 2016, as amended, restated, renewed, extended, supplemented, increased, replaced, refinanced or otherwise modified from time to
time to the extent permitted under Section 9.05(b). 
 “Existing 2015 Senior Notes” means, collectively, each of the
Borrower’s 8 1⁄4% Senior Notes due 2015, as amended, restated, renewed, extended, supplemented, replaced, refinanced or otherwise modified from time to
time to the extent permitted under Section 9.05(b). 
 “Existing 2016 Senior Notes” means, collectively, each of the
Borrower’s 11 3⁄4 % Senior Notes due 2016, as amended, restated, renewed, extended, supplemented, replaced, refinanced or otherwise modified from
time to time to the extent permitted under Section 9.05(b). 
 “Existing 2019 Senior Notes” means, collectively, each
of the Borrower’s 9 1⁄8% Senior Notes due 2019, as amended, restated, renewed, extended, supplemented, replaced, refinanced or otherwise modified from
time to time to the extent permitted under Section 9.05(b). 
 “FASB” means the Financial Accounting Standards Board.

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 

“FCPA” means the Foreign Corrupt Practices Act of 1977, as amended. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not
so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Global Administrative Agent from three Federal funds brokers
of recognized standing selected by it. 
 “Financial Officer” means the chief financial officer, principal accounting
officer, treasurer or controller. 
 “Financial Statements” means the financial statement or statements of the Borrower and
its Consolidated Subsidiaries referred to in Section 7.04(a). 
 “Flood Insurance Regulation” means (a) the
National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1972 as now or hereafter in effect or any successor statute thereto, (c) the National Flood
Insurance Reform Act of 1994 (amending 42 USC §4001, et. seq.), as the same may be amended 

  
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or recodified from time to time, (d) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (e) any regulations promulgated under any
of the foregoing statutes. 
 “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other
than that in which the Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Plan” means any employee benefit plan, program, policy, arrangement or agreement contributed to by the Borrower or
its Restricted Subsidiaries with respect to employees employed outside Canada and the United States. 
 “Foreign
Subsidiary” means any Restricted Subsidiary that is not a Domestic Subsidiary. 
 “GAAP” means generally accepted
accounting principles in the United States of America or Canada, as applicable, as in effect from time to time subject to the terms and conditions set forth in Section 1.05. 

“Global Administrative Agent” has the meaning assigned to such term in the preamble of this Agreement. 

“Global Borrowing Base” means at any time an amount determined in accordance with Section 2.07, as the same may be
adjusted from time to time pursuant to Section 8.12(c), Section 9.02(n), or Section 9.10. 
 “Global Borrowing Base
Deficiency” occurs if at any time the Combined Credit Exposures exceeds the Global Borrowing Base then in effect at such time. 

“Global Borrowing Base Utilization Percentage” means, as of any day, the fraction expressed as a percentage, the numerator of
which is the Combined Credit Exposures on such day, and the denominator of which is the Global Borrowing Base in effect on such day. 

“Governmental Authority” means, as applicable, the governments of the United States of America and/or Canada, any other
nation or any political subdivision thereof, whether provincial, territorial, state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of government over the Borrower, any Restricted Subsidiary, any of their Properties, any Agent, any Issuing Bank or any Lender. 

“Governmental Requirement” means any applicable law, statute, code, ordinance, order, determination, rule, regulation,
judgment, decree, injunction, franchise, permit, certificate, license, authorization or other directive or requirement of any Governmental Authority, whether now or hereinafter in effect, including, without limitation, environmental laws, energy
regulations and occupational, safety and health standards or controls, of any Governmental Authority. 

  
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 “GP LLC” has the meaning assigned to such term in the definition of
“Barnett Shale Transaction”. 
 “Grandfathered Letters of Credit” means the letters of credit issued by JPMorgan
under the Existing Credit Agreement outstanding on the Effective Date or which constituted “Grandfathered Letters of Credit” under the Existing Credit Agreement and set forth on Schedule 3.05. 

“Guarantee” by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing
any Debt or other obligation of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Debt or other obligation (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement
conditions, by “comfort letter” or other similar undertaking of support or otherwise) or (b) entered into for the purpose of assuring in any other manner the obligee of such Debt or other obligation of the payment thereof or to
protect such obligee against loss in respect thereof (in whole or in part), provided, that the term “Guarantee” shall not include (x) endorsements of instruments for collection or deposit in the ordinary course of
business or (y) indemnities given in connection with asset sales or otherwise provided in the ordinary course of business. The terms “Guarantee” and “Guaranteed” used as a verb shall have a correlative meaning.

 “Guarantors” means the entities listed on Schedule 1.02, any other Person that must guarantee the Combined Obligations
in order for the Borrower to comply with Section 8.13 and any other Person that executes the Guaranty Agreement or the Canadian Guaranty Agreement guaranteeing the payment of the Combined Obligations. 

“Guaranty Agreement” means an agreement executed by the Guarantors in substantially the form of Exhibit E-2 unconditionally
guaranteeing on a joint and several basis, payment of the Secured Indebtedness, as the same may be amended, modified or supplemented from time to time. 

“Hazardous Discharge” means any releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting,
escaping, leaching, disposing or dumping of any Hazardous Material from or onto any real property owned, leased or operated at any time by the Borrower or any Subsidiary or any real property owned, leased or operated by any other Person. 

“Hazardous Material” means all explosive or radioactive substances or wastes, all hazardous or toxic substances, pollutants,
asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other hazardous or toxic substances or wastes (including oil and natural gas exploration, production and development wastes) of any
nature, in each case, to the extent regulated pursuant to any Environmental Law, and any petroleum, petroleum products or petroleum distillates. 

“Highest Lawful Rate” means, with respect to each Lender, the maximum nonusurious interest rate, if any, that at any time or
from time to time may be contracted for, taken, reserved, 

  
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charged or received on the Notes or on other Secured Indebtedness under laws applicable to such Lender which are presently in effect or, to the extent allowed by law, under such applicable laws
which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws allow as of the date hereof. 

“Hydrocarbon Interests” means all rights, titles, interests and estates now or hereafter acquired in and to Hydrocarbons, oil
and gas leases, mineral leases, or other liquid or gaseous Hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of
whatever nature. 
 “Hydrocarbons” means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate,
liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom. 
 “Immaterial Title
Deficiencies” means minor defects or deficiencies in title which do not diminish by more than 5% the aggregate value of the Oil and Gas Properties evaluated in the Reserve Reports used in the most recent determination of the Global
Borrowing Base. 
 “Income Tax Act (Canada)” means the Income Tax Act (Canada) and regulations promulgated thereunder, as
amended from time to time. 
 “Increasing Lender” has the meaning assigned to such term in Section 2.09. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Initial Reserve Report” means the Reserve Report with respect to the value of certain Oil and Gas Properties of the Borrower
and its Restricted Subsidiaries as of July 1, 2011. 
 “Intercreditor Agreement” means the Intercreditor Agreement
dated as of the date hereof among the Administrative Agents on behalf of the Lenders, the Canadian Lenders and the other secured parties. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.04. 
 “Interest Expense” means, with respect to the Borrower and its Consolidated Restricted Subsidiaries
for any period, (determined without duplication) the gross interest expense of the Borrower and its Consolidated Restricted Subsidiaries for such period on a consolidated basis, including (i) the amortization of debt discounts, (ii) the
amortization of all fees (including fees and deferred gains or losses with respect to Swap Agreements in respect of interest rates) payable in connection with the incurrence of Debt to the extent included in interest expense, (iii) the portion
of any payments or accruals with respect to Capital Leases allocable to interest expense, (iv) the portion of any payments or accruals with respect to obligations of the type described in clause (e) of the definition of “Debt” in
this Agreement allocable to interest expense whether or not the same constitutes interest expense under GAAP, and (v) interest expense capitalized in such period. For purposes of the foregoing, gross interest expense shall be determined after
giving effect to any net payments made or received and costs incurred by the Borrower and its Consolidated Restricted Subsidiaries with respect to Swap Agreements in respect of interest rates. 

  
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 “Interest Payment Date” means (a) with respect to any ABR Loan, the last
day of each March, June, September and December, (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest
Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period, and (c) with respect to any Swingline
Loan, the day that such Swingline Loan is required to be repaid pursuant to Section 2.10(b). 
 “Interest Period”
means with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three, six or, if available to all Lenders, nine or 12 months
or one or two weeks thereafter, as the Borrower may elect; provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such
next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, and (b) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes
hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interim Redetermination” has the meaning assigned to such term in Section 2.07(b). 

“Interim Redetermination Date” means the date on which a Borrowing Base that has been redetermined pursuant to an Interim
Redetermination becomes effective as provided in Section 2.07(d). 
 “Investment” means, for any Person any investment
including, without limitation: (a) the acquisition (whether for cash, Property, services or securities or otherwise) of Equity Interests of any other Person; (b) the making of any deposit with, or advance, loan or capital contribution to,
purchase or other acquisition of any other Debt or equity participation or interest in, or other extension of credit to, any other Person; (c) the purchase or acquisition (in one or a series of transactions) of Property of another Person that
constitutes a business unit or (d) the entering into of any Guarantee of Debt or other liability of any other Person. 

“Issuing Bank” means JPMorgan and each Lender that agrees to act as an issuer of Letters of Credit hereunder at the request
of the Borrower, in each case, in its capacity as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.08(i). Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit
to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“Joinder Agreement” has the meaning assigned to such term in Section 2.09(a). 

  
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 “Joint Bookrunners” means J.P. Morgan Securities LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated, in their capacity as the joint bookrunners hereunder. 
 “Joint Lead Arrangers” has
the meaning assigned to such term in the preamble of this Agreement. 
 “JPMorgan” means JPMorgan Chase Bank, N.A., in its
individual capacity. 
 “Judgment Currency” has the meaning assigned to such term in Section 2.12(b). 

“LC Commitment” at any time means $75,000,000. 

“LC Disbursement” means a payment made by any Issuing Bank pursuant to a Letter of Credit issued by such Issuing Bank. 

“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn and unexpired stated amount of all outstanding
Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of
the total LC Exposure at such time. For purposes of computing the undrawn and unexpired stated amount of any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. 

“Lenders” means the Persons listed on Annex I and any Person that shall have become a party hereto pursuant to
Section 2.09 or pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless context otherwise requires, the term “Lenders” shall include the
Swingline Lender. 
 “Letter of Credit” means any letter of credit issued pursuant to this Agreement, including any
Grandfathered Letters of Credit. 
 “Letter of Credit Agreements” means all letter of credit applications and other
agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with any Issuing Bank relating to any Letter of Credit issued by such Issuing Bank. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing at Reuters Reference
Screen LIBOR01 (or on any successor or substitute screen of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such screen of such service, as determined by the
Global Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to Dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement
of such Interest Period, as the rate for Dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the “LIBO Rate” with respect to such Eurodollar
Borrowing for such Interest Period shall be the rate (rounded upwards, if necessary, to the next 1/16 of 1%) at which Dollar deposits in the approximate amount of such Eurodollar Borrowing and for a maturity comparable to such Interest Period are
offered by the 

  
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principal London office of the Global Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period. 
 “Lien” means any interest in Property securing an obligation owed to, or a claim
by, a Person other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien or security
interest or floating charge arising from a mortgage, debenture, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments and the like payable
out of Oil and Gas Properties. The term “Lien” shall include easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations. For the purposes of this Agreement, Borrower or any Restricted Subsidiary shall
be deemed to own subject to a Lien any asset which is acquired or held subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such asset. 

“Loan Documents” means this Agreement, the Notes, all Letter of Credit Agreements, the Letters of Credit and the Security
Instruments. 
 “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

“Majority Lenders” means, at any time while no Combined Credit Exposure is outstanding, Combined Lenders having more than 50%
of the Combined Commitments; and at any time while any Combined Credit Exposure is outstanding, Combined Lenders holding more than 50% of the outstanding aggregate principal amount of the Combined Credit Exposure (without regard to any sale of
participations); provided that any portion of the Combined Credit Exposure of the Combined Defaulting Lenders (if any) shall be excluded from the determination of the Majority Lenders. 

“Material Acquisition” means the acquisition of the Equity Interests of a Person or the acquisition of assets from a Person,
in each case for consideration of at least $25,000,000. 
 “Material Adverse Effect” means a material adverse effect on
(a) the business, operations, Property or financial condition of the Borrower and the Restricted Subsidiaries taken as a whole; provided that changes in the prices of Hydrocarbons will not constitute a Material Adverse Effect, (b) the
validity or enforceability of any of the Loan Documents or Canadian Loan Documents or the ability of the Borrower and the Restricted Subsidiaries to perform any of their respective obligations under any Loan Document or Canadian Loan Document to
which it is a party or (c) the rights and remedies of or benefits available to either applicable Administrative Agent, any other Agent, any Issuing Bank or any Lender under any Loan Document or any Canadian Lender under any Canadian Loan
Document. 
 “Material Debt” means Debt (other than the Loans and Letters of Credit and Canadian Loans and Canadian Letters
of Credit) or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding $45,000,000. For purposes of determining Material Debt, the


  
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“principal amount” of the obligations of the Borrower or any Restricted Subsidiary in respect of any Swap Agreement at any time shall be the net amount (after giving effect to
any netting agreements on collateral arrangements) that the Borrower or such Restricted Subsidiary would be required to pay if such Swap Agreement were terminated at such time. 

“Material Disposition” means the sale, lease, assignment, conveyance or transfer of the Equity Interests of a Person or the
assets of a Person, in each case for consideration of at least $25,000,000. 
 “Material Restricted Subsidiary” means, at
any time, each Restricted Subsidiary that is a Domestic Subsidiary and owns assets representing 7.5% or more of the total assets of the Borrower and its Restricted Subsidiaries or whose EBITDAX represents 7.5% or more of the EBITDAX of the Borrower
and its Restricted Subsidiaries. For purposes of this definition, the total EBITDAX of the Borrower and its Restricted Subsidiaries shall be determined as of the end of the Borrower’s most recent fiscal quarter for which financial statements
are available. 
 “Maturity Date” means the earliest of (i) September 6, 2016 (the “Scheduled Maturity
Date”), (ii) ninety (90) days prior to the maturity of the Existing 2015 Senior Notes to the extent the Existing 2015 Senior Notes are not repurchased, redeemed or refinanced to have a termination date of at least ninety
(90) days after the Scheduled Maturity Date, (iii) ninety (90) days prior to the maturity of the Existing Subordinate Notes to the extent the Existing Subordinate Notes are not repurchased, redeemed or refinanced to have a termination
date at least ninety (90) days after the Scheduled Maturity Date or (iv) ninety (90) days prior to the maturity of the Existing 2016 Senior Notes to the extent the Existing 2016 Senior Notes are not repurchased, redeemed or refinanced
to have a termination date at least ninety (90) days after the Scheduled Maturity Date. 
 “Maximum Credit Amount”
means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or
termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b), (b) increased pursuant to Section 2.09, (c) modified from time to time pursuant to any assignment permitted by Section 12.04(b) or
(d) established pursuant to a Joinder Agreement executed by an Increasing Lender pursuant to Section 2.09. 
 “Midstream
Joint Venture” means a contemplated transaction on terms substantially similar (and not materially less favorable to QRCI, taken as a whole, than) those disclosed by the Borrower to the Global Administrative Agent prior to the Effective
Date that will involve the following transactions (or such similar or related transactions not material and adverse to the Combined Lenders, taken as a whole): (a) the Investment, directly or indirectly, by QRCI in a partnership by the exchange
of the Existing Midstream Assets for an interest in the partnership and cash (which partnership interest will be held directly by QRCI or, following a transaction between QRCI and an Unrestricted Subsidiary wherein QRCI will receive Equity Interests
in such Unrestricted Subsidiary in exchange for cash and the partnership interests QRCI holds, through an Unrestricted Subsidiary), (b) the entering into of certain agreements pursuant to which QRCI will agree to dedicate and to cause its
Subsidiaries to dedicate certain of the production arising from or attributable to their working interest shares of natural gas to one or 

  
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more Unrestricted Subsidiaries or such partnership and to have certain of its Hydrocarbons production (i) gathered and transported in certain of the Existing Midstream Assets and
(ii) processed and treated in future midstream assets of such partnership, (c) the entering into of certain operating agreements and services agreements with respect to the operations of such partnership and (d) the purchase by QRCI
of certain compression assets currently used or under construction on the Maxhamish Pipeline upon completion of the related processing facility for a purchase price of $33,000,000 plus any applicable transfer taxes. 

“Minimum Allocated U.S. Borrowing Base” has the meaning assigned to such term in Section 2.07(e)(i). 

“Minimum Liquidity” means, as of any date of determination, the sum of (a) the aggregate unused amount of the
Commitments and Canadian Commitments as of such date (but only to the extent that the Borrower or QRCI, as applicable, is permitted to borrow such amounts under the terms of this Agreement and the Canadian Credit Agreement, as applicable, including,
without limitation, Section 6.02 hereof) plus (b) all unrestricted and unencumbered cash and Investments of the type described in Section 9.06(b), (c), (e), (f), (g), (h), and (i) reflected on the Borrower’s balance sheet as
of such date. 
 “MLP” has the meaning assigned to such term in the definition of “Barnett Shale Transaction”.

 “MLP Barnett Shale Assets” means a portion of those assets owned by the Borrower located in the Barnett Shale in the
Fort Worth Basin of North Texas consisting of, but not limited to, producing wells, undeveloped locations (including proved and unproved reserves) and related well equipment leases and surface rights as disclosed by the Borrower to the Global
Administrative Agent prior to the Effective Date (or such other associated assets not material and adverse to the Combined Lenders, taken as a whole). 

“MLP Credit Agreement” has the meaning assigned to such term in the definition of “Barnett Shale Transaction”. 

“MLP IPO” has the meaning assigned to such term in the definition of “Barnett Shale Transaction”. 

“MLP Opco” has the meaning assigned to such term in the definition of “Barnett Shale Transaction”. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto that is a nationally recognized rating
agency. 
 “Mortgaged Property” means any Property owned by the Borrower, QRCI, or any Guarantor which is subject to the
Liens existing and to exist under the terms of the Security Instruments or the Canadian Security Instruments. 
 “Multiemployer
Plan” means a Plan which is a multiemployer plan as defined in section 3(37) or 4001(a)(3) of ERISA. 

  
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 “Net Proceeds” means the aggregate cash proceeds received by the Borrower or any
Restricted Subsidiary in respect of any sale of BBEP Common Units, net of (a) the costs relating to such sale, (b) the net tax effect, if any, as a result thereof (after taking into account any available tax credits or deductions and any
tax sharing arrangements) and (c) Debt (other than the Secured Indebtedness) which is secured by a Lien upon any of the BBEP Common Units subject to such sale and which must be repaid as a result of such sale. 

“New Borrowing Base Notice” has the meaning assigned to such term in Section 2.07(d). 

“New York” means New York, New York. 

“Newly Formed Barnett Subsidiaries” has the meaning assigned to such term in the definition of “Barnett Shale
Transaction”. 
 “Nominal Canadian Borrowing Base” means, as of any date, the amount equal to (a) the Global
Borrowing Base minus (b) the U.S. Borrowing Base. 
 “Non-Recourse Debt” means any Debt of any Subsidiary which
does not own any Oil and Gas Properties included in the Global Borrowing Base in which the Borrower or any Restricted Subsidiary made an Investment which Debt is (a) secured solely by the assets acquired with the proceeds of such Debt and
(b) with respect to which (i) neither the Borrower nor any Restricted Subsidiary shall have any liability to any Person for repayment of all or any portion of such Debt beyond the assets so secured and (ii) the holders thereof
(A) shall have recourse only to, and the right to require the obligations of such Subsidiary to be performed, satisfied or paid only out of, the assets so secured and (B) shall have no direct or indirect recourse (including by way of
indemnity or guaranty) to the Borrower or any Restricted Subsidiary, whether for principal, interest, fees, expenses or otherwise; provided, however, that any such Debt shall not cease to be “Non-Recourse Debt” solely as a result of
the instrument governing such Debt containing terms pursuant to which such Debt becomes recourse upon (i) fraud or misrepresentation by the Subsidiary in connection with such Debt, (ii) such Subsidiary failing to pay taxes or other charges
that result in the creation of Liens on any portion of the specific property securing such Debt or failing to maintain any insurance on such property required under the instruments securing such Debt, (iii) the conversion of any of the
collateral for such Debt, (iv) such Subsidiary failing to maintain any of the collateral for such Debt in the condition required under the instruments securing the Debt, (v) any income generated by the specific property securing such Debt
being applied in a manner not otherwise allowed in the instruments securing such Debt, (vi) the violation of any Environmental Law or otherwise affecting the environmental condition of the specific property securing the Debt or (vii) the
rights of the holder of such Debt to the specific property becoming impaired, suspended or reduced by any act, omission or misrepresentation of such Person; provided further, however, that, upon the occurrence of any of the foregoing clauses
(i) through (vii) above, any such Debt shall cease to be “Non-Recourse Debt”. 
 “Notes” means
the promissory notes of the Borrower described in Section 2.02(d) and being substantially in the form of Exhibit A, together with all amendments, modifications, replacements, extensions and rearrangements thereof. 

  
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 “OFAC” means the Office of Foreign Assets Control of the United States
Department of Treasury. 
 “Oil and Gas Properties” means (a) Hydrocarbon Interests; (b) the Properties now or
hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under
orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements,
which relate to any of the Hydrocarbon Interests or the production, sale, purchase, transportation, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be
produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements,
hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any
and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs,
automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses and surface buildings, structures and the contents thereof which contents are not
otherwise Oil and Gas Properties situated on such Hydrocarbon Interests or Property) and (x) including any and all oil wells, gas wells, injection wells or other wells, fuel separators, liquid extraction plants, plant compressors, pumps,
pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface
leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing and (y) excluding any of the foregoing assets described in clause
(x) manufactured for sale to third parties to the extent not used by the manufacturing Person in connection with the operating, working or development of any of such Hydrocarbon Interests or Property; provided that notwithstanding
anything to the contrary contained herein, “Oil and Gas Properties” shall not include cash, deposit accounts (including Deposit Accounts (as defined in the New York Uniform Commercial Code)), commodity accounts (including Commodity
Accounts (as defined in the New York Uniform Commercial Code)) or securities accounts (including Securities Accounts (as defined in the New York Uniform Commercial Code)). 

“Oil and Gas Swap Agreement” means a Swap Agreement pursuant to which any Person hedges the price (including basis or
transportation cost differentials) to be received by it for future production of Hydrocarbons. 
 “Organization Documents”
means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to such corporation’s jurisdiction); (b) with respect to any
limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership,


  
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joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or
organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Other Currency” has the meaning assigned to such term in Section 2.12(a). 

“Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing taxes or any
other excise or Property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery, performance, enforcement or registration or, from the receipt or perfection of a security interest under, or otherwise
with respect to, this Agreement and any other Loan Document. 
 “Participant” has the meaning assigned to such term in
Section 12.04(c)(i). 
 “Participant Register” has the meaning assigned to such term in Section 12.04(c)(iii).

 “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. 

“Pension Plan” means any employee pension benefit plan as defined in section 3(2) of ERISA (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 302 of ERISA or Section 412 of the Code and in respect of which the Borrower, a Restricted Subsidiary or any ERISA Affiliate of the foregoing may have liability, including any
liability by reason of having been a substantial employer pursuant to section 4063 of ERISA at any time during the preceding five years, or by reason of being deemed to be a contributing sponsor under section 4069 of ERISA. 

“Permitted Additional Debt” means Debt permitted to be incurred pursuant to Section 9.02(n). 

“Permitted Holders” means (a) the Borrower or any Restricted Subsidiary of the Borrower, (b) a trustee or other
fiduciary holding securities under any employee benefit plan (or related trust) sponsored or maintained by the Borrower or any Restricted Subsidiary of the Borrower, (c) Mercury Exploration Company, Mercury Production Company, Quicksilver
Energy, L.P., The Discovery Fund, Pennsylvania Avenue Limited Partnership, Pennsylvania Management Company, the estate of Frank Darden, Lucy Darden, Ann Darden Self, Glenn Darden or Thomas Darden, (d) with respect to the natural persons listed
in the foregoing clause (c), their respective successors, assigns or designees which, in each case, are Controlled Affiliates of any Person referred to in the foregoing clause (c), and their respective heirs, beneficiaries, trust, estates, and
(e) with respect to the Persons listed in the foregoing clause 0 that are not natural persons, their respective successors, assigns or designees which, in each case, are Controlled Affiliates of any Person referred to in the foregoing clause
(c). 
 “Permitted Investments” means the Investments permitted by Section 9.06. 

“Permitted Liens” means with respect to (a) any Oil and Gas Property of the Borrower or any Restricted Subsidiary of the
types described in clauses (a), (b), (c), (e) and (f) of the 

  
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definition of “Oil and Gas Properties” evaluated in the Reserve Reports used in the most recent determination of the Global Borrowing Base, the Liens permitted under clauses (a), (b),
(c), (g), (h), and (j) of Section 9.03,(b) any Equity Interests issued by any Restricted Subsidiary, Liens of the type described in clause (a) of the definition of “Excepted Liens” and (c) all property and assets (other
than those referred to in the foregoing clauses (a) and (b)), Liens of the type listed under Section 9.03. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan, as defined in
section 3(2) of ERISA, other than a Canadian Pension Plan or Canadian Benefit Plan which (a) is currently or hereafter sponsored, maintained or contributed to by the Borrower, any Restricted Subsidiary or an ERISA Affiliate or (b) was at
any time during the six calendar years preceding the date hereof, sponsored, maintained or contributed to by the Borrower, any Restricted Subsidiary or an ERISA Affiliate. 

“Pledge Agreement” means a Pledge Agreement among the Borrower, the Domestic Subsidiaries and the Global Administrative Agent
in substantially the form of Exhibit G with such modifications as may be necessary or agreeable to account for a pledgor not being organized under the laws of the United States (or any state thereof) or otherwise in form and substance acceptable to
the Global Administrative Agent granting Liens and a security interest on the Equity Interests held by the Borrower and the Domestic Subsidiaries in favor of the Global Administrative Agent for the benefit of the Secured Parties to secure the
Secured Indebtedness, as the same may be amended, modified or supplemented from time to time. 
 “Prime Rate” means the
rate of interest per annum publicly announced from time to time by the bank then serving as Global Administrative Agent as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and
including the date such change is publicly announced as being effective. Such rate is set by the bank then serving as Global Administrative Agent as a general reference rate of interest, taking into account such factors as the bank then serving as
Global Administrative Agent may deem appropriate; it being understood that (x) many of the bank then serving as Global Administrative Agent’s commercial or other loans are priced in relation to such rate, (y) it is not necessarily the
lowest or best rate actually charged to any customer and (z) the bank then serving as Global Administrative Agent may make various commercial or other loans at rates of interest having no relationship to such rate. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible,
including, without limitation, cash, securities, accounts and contract rights. 
 “Proposed Borrowing Base Notice” has the
meaning assigned to such term in Section 2.07(c)(ii). 
 “Proposed Global Borrowing Base” has the meaning assigned to
such term in Section 2.07(c)(i). 

  
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 “Proposed U.S. Borrowing Base” has the meaning assigned to such term in
Section 2.07(c)(i). 
 “Proved Hydrocarbon Interests” means, collectively, all Hydrocarbon Interests which constitute
“proved reserves,” “proved developed producing reserves,” “proved developed nonproducing reserves,” and “proved undeveloped reserves,” as such terms are defined from time to time by the Society of Petroleum
Engineers of the American Institute of Mining Engineers. 
 “Proved Producing Hydrocarbon Interests” means all Hydrocarbon
Interests which constitute “proved developed producing reserves” as such term is defined from time to time by the Society of Petroleum Engineers of the American Institute of Mining Engineers. 

“QRCI” has the meaning assigned to it in the recitals to this Agreement. 

“Reclassification” means the owner of an Oil and Gas Property evaluated in the Reserve Reports used in the most recent
determination of the Global Borrowing Base changing from a Restricted Subsidiary to an Unrestricted Subsidiary as a result of either (a) the Borrower designating such previously Restricted Subsidiary as an Unrestricted Subsidiary in accordance
with Section 9.07(b), or (b) such previously Restricted Subsidiary merging with an Unrestricted Subsidiary, with the Unrestricted Subsidiary being the continuing or surviving Person in accordance with Section 9.09(a).
“Reclassified” shall have the correlative meaning thereto, and an Oil and Gas Property is “Reclassified” if a Reclassification occurs with respect to its owner. 

“Recognized Value” means, (a) with respect to Oil and Gas Properties evaluated in the most recently delivered Reserve
Reports, the discounted present value of the estimated net cash flow to be realized from the production of Hydrocarbons from such Oil and Gas Properties as determined by the Global Administrative Agent for purposes of determining the portion of the
then effective Global Borrowing Base which it attributes to such Oil and Gas Properties in accordance with Section 2.07, and (b) with respect to any other Oil and Gas Properties, the discounted present value of the estimated net cash flow
to be realized from the production of Hydrocarbons from such Oil and Gas Properties as determined by the Global Administrative Agent in the same manner as if it were evaluating such Oil and Gas Properties for purposes of determining the Global
Borrowing Base. 
 “Redemption” means with respect to any Debt, the repurchase, redemption, prepayment, repayment,
defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto. 

“Redetermination Date” means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the
redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). 
 “Refunded Swingline
Loans” has the meaning assigned to such term in Section 2.10(d). 
 “Register” has the meaning assigned to
such term in Section 12.04(b)(iv). 

  
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 “Regulation D” means Regulation D of the Board, as the same may be amended,
supplemented or replaced from time to time. 
 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, partners, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

“Required Lenders” means, at any time while no Combined Credit Exposure is outstanding, Combined Lenders having at least
66-2/3% of the Combined Commitments; and at any time while any Combined Credit Exposure is outstanding, Combined Lenders holding at least 66-2/3% of the outstanding aggregate principal amount of the Combined Credit Exposure (without regard to any
sale of participations); provided that any portion of the Combined Credit Exposure of the Combined Defaulting Lenders (if any) shall be excluded from the determination of the Required Lenders. 

“Required U.S. Lenders” means, at any time while no Revolving Credit Exposure is outstanding, Lenders having at least 66-2/3%
of the Aggregate Maximum Credit Amounts; and at any time while any Revolving Credit Exposure is outstanding, Lenders holding at least 66-2/3% of the outstanding aggregate principal amount of the Revolving Credit Exposures (without regard to any sale
by a Lender of a participation in any Loan under Section 12.04(c)); provided that the Maximum Credit Amounts and the Revolving Credit Exposure of the Defaulting Lenders (if any) shall be excluded from the determination of Required
Lenders. 
 “Reserve Report” means a report or reports, in form and substance reasonably satisfactory to the Global
Administrative Agent, setting forth, as of the dates set forth in Section 8.11(a) (or such other date in the event of an Interim Redetermination), the oil and gas reserves attributable to the Oil and Gas Properties of the Borrower, its Domestic
Subsidiaries or its Canadian Subsidiaries, as applicable, together with a projection of the rate of production and future net income, taxes, operating expenses and capital expenditures with respect thereto as of such date, based upon the pricing
assumptions consistent with SEC reporting requirements at the time. For the avoidance of doubt, any reference in this Agreement (including Section 8.13 and Section 9.10) to Oil and Gas Properties described, included or evaluated in a Reserve Report
shall be deemed to refer solely to Proved Hydrocarbon Interests and to exclude possible or probable oil and gas reserves attributable to such Oil and Gas Properties. A Reserve Report may either be a Canadian Reserve Report or a U.S. Reserve Report
as the context requires. 
 “Responsible Officer” means, as to any Person, the Chief Executive Officer, the President, any
Financial Officer or any Vice President of such Person or of the controlling shareholder of such Person (a “Specified Responsible Officer”) or any (a) other officer of such Person or of the controlling shareholder of such
Person specified as such to the Global Administrative Agent in writing by a Specified Responsible Officer, or (b) other employee of such Person or of a controlling shareholder of such Person specified as such to the Global Administrative Agent
in writing by the chief financial officer and by one other Financial Officer of such Person; provided that any written designation of any officer or employee other than a Specified Responsible Officer as a “Responsible Officer”
shall include a specimen signature of such other officer or employee which is certified by a Specified Responsible Officer. Unless otherwise specified, all references to a Responsible Officer herein shall be a Responsible Officer of the Borrower.


  
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 “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other Property) with respect to any Equity Interests in the Borrower or any of its Restricted Subsidiaries, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of
the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Borrower or any of its Restricted Subsidiaries or any option, warrant or other right to acquire any such Equity Interests in the
Borrower or any of its Restricted Subsidiaries; provided that cash payments in connection with restricted stock units, phantom stock plans or similar compensation arrangements shall not constitute Restricted Payments. 

“Restricted Subsidiary” means any Subsidiary of the Borrower that is not an Unrestricted Subsidiary. 

“Revaluation Date” means 

(a) with respect to any Letter of Credit denominated in a currency other than Dollars, each of the following: (i) the last day of each
calendar month (or, if such day is not a Business Day, the next succeeding Business Day), (ii) such days as the Global Administrative Agent may designate, (iii) the Business Day preceding the date of any Borrowing or the issuance,
amendment, extension or renewal of any Letter of Credit, (iv) the day on which any payment by the L/C Issuer or any reimbursement payment made in respect of any Letter of Credit denominated in a currency other than Dollars is to occur,
(v) any day on which any LC Exposure is cash collateralized pursuant to Section 2.08(j), (vi) any date of the payment of any fees hereunder which depend on the amount of LC Exposure and (vii) any day on which the Commitments
hereunder are decreased; 
 (b) with respect to calculations made pursuant to Section 1.07, any date on which the Borrower or its
Restricted Subsidiaries undertakes (or would propose to undertake) an action that changes the amount that counts towards a threshold or basket amount; and 

(c) otherwise, the current date. 

“Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of (i) the outstanding principal
amount of such Lender’s Loans, (ii) its LC Exposure and (iii) its Applicable Percentage of outstanding Swingline Loans, in each case at such time. 

“S&P” means Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc., and any
successor thereto that is a nationally recognized rating agency. 
 “Scheduled Redetermination” has the meaning assigned to
such term in Section 2.07(b). 
 “Scheduled Redetermination Date” means the date on which a Borrowing Base that has
been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d). 

  
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 “SEC” means the Securities and Exchange Commission or any successor Governmental
Authority. 
 “Section 1031 Counterparty” means an entity that is not an Affiliate of the Borrower and that will serve as
an exchange accommodation titleholder in connection with the Section 1031 Exchange. 
 “Section 1031 Exchange” means a
transaction intended to qualify for nonrecognition of gain or loss under Section 1031 of the Code pursuant to which the Borrower or a Restricted Subsidiary of the Borrower would exchange Oil and Gas Properties owned by it for Oil and Gas
Properties owned by a third party. 
 “Secured Indebtedness” means any and all amounts owing or to be owing by the
Borrower, any Domestic Subsidiary or any U.S. Guarantor (whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising): (a) to any Agent, any Issuing Bank
or any Lender under any Loan Document, including, without limitation, all interest on any of the Loans (including any interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or
reorganization of the Borrower or any Domestic Subsidiary (or could accrue but for the operation of applicable bankruptcy or insolvency laws), whether or not such interest is allowed or allowable as a claim in any such case, proceeding or other
action); (b) to any Secured Swap Provider under any Swap Agreement, but excluding any additional transactions or confirmations entered into (i) after such Secured Swap Provider ceases to be a Lender or an Affiliate of a Lender or
(ii) after assignment by a Secured Swap Provider to a Person that is not a Lender or an Affiliate of a Lender at the time of such assignment; (c) to any Bank Products Provider in respect of Bank Products; and (d) all renewals,
extensions and/or rearrangements of any of the above. For the avoidance of doubt, Secured Indebtedness shall not include Canadian Secured Indebtedness. 

“Secured Parties” means the Lenders, Bank Product Providers and the Secured Swap Providers. 

“Secured Swap Provider” means any (a) Person that is a party to a Swap Agreement with the Borrower or any of its
Restricted Subsidiaries that (i) constituted a “Secured Swap Provider” under the Existing Credit Agreement or (ii) entered into such Swap Agreement (whether at the time the transaction was entered into or thereafter by novation)
while such Person was a Lender or an Affiliate of a Lender, whether or not such Person at any time ceases to be a Lender or an Affiliate of a Lender, as the case may be or (b) any assignee of any Person described in clause (a) above so
long as such assignee is a Lender or an Affiliate of a Lender at the time of such assignment. 
 “Security Instruments”
means the Guaranty Agreement, the Pledge Agreement, debentures, mortgages, deeds of trust and other agreements, instruments or certificates described or referred to in Exhibit E-1, and any and all other agreements, instruments or certificates now or
hereafter executed and delivered by the Borrower or any other Person (other than Swap Agreements with the Lenders or any Affiliate of a Lender or participation or similar agreements between any Lender and any other lender or creditor with respect to
any Secured Indebtedness 

  
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pursuant to this Agreement and other than agreements in respect of Bank Products Obligations) in connection with, or as security for the payment or performance of the Secured Indebtedness, the
Notes, this Agreement, or reimbursement obligations under the Letters of Credit, as such agreements may be amended, modified, supplemented or restated from time to time. 

“Specified Oil and Gas Swap Agreements” means certain of the Borrower’s Oil and Gas Swap Agreements identified in
writing to the Global Administrative Agent prior to the MLP IPO. 
 “Specified Responsible Officer” has the meaning
assigned to such term in the definition of “Responsible Officer”. 
 “Statutory Reserve Rate” means a fraction
(expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board to which the Global Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include
those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available
from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subsidiary” means: (a) any Person of which at least a majority of the outstanding Equity Interests having by the terms
thereof ordinary voting power to elect a majority of the board of directors, managers or other governing body of such Person (irrespective of whether or not at the time Equity Interests of any other class or classes of such Person have or might have
voting power by reason of the happening of any contingency) is at the time directly or indirectly owned or controlled by the Borrower or one or more of its Subsidiaries or by the Borrower and one or more of its Subsidiaries and (b) any
partnership of which the Borrower or any of its Subsidiaries is a general partner. Unless otherwise indicated herein, each reference to the term “Subsidiary” shall mean a Subsidiary of the Borrower. 

“Super-majority Lenders” means, at any time while no Combined Credit Exposure is outstanding, Combined Lenders having at
least 95% of the Combined Commitments; and at any time while any Combined Credit Exposure is outstanding, Combined Lenders holding at least 95% of the outstanding aggregate principal amount of the Combined Credit Exposure (without regard to any sale
of participations); provided that any portion of the Combined Credit Exposure of the Combined Defaulting Lenders (if any) shall be excluded from the determination of the Super-majority Lenders. 

“Super-majority U.S. Lenders” means, at any time while no Revolving Credit Exposure is outstanding, Lenders having at least
95% of the Commitments; and at any time while any Revolving Exposure is outstanding, Lenders holding at least 95% of the outstanding aggregate principal amount of the Revolving Credit Exposures (without regard to any sale of participations);
provided that any portion of the Revolving Credit Exposure of the Defaulting Lenders (if any) shall be excluded from the determination of Super-majority U.S. Lenders. 

  
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 “Swap Agreement” means any agreement with respect to any financial derivative
transaction, including any swap, forward, future or similar agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments
or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that stock option or other benefit or
compensation plans providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or its Subsidiaries shall not constitute a Swap Agreement. 

“Sweep Accounts” means deposit accounts, the proceeds of which are transferred nightly to an interest-bearing concentration
account maintained by the Global Administrative Agent or another Lender (provided that upon an Event of Default such Lender shall, at the request of the Global Administrative Agent, enter into a control agreement with the Global Administrative Agent
and the Borrower or Restricted Subsidiary, as appropriate, in form and substance reasonably satisfactory to the Global Administrative Agent), and re-transferred each morning to the Borrower’s or Restricted Subsidiary’s, as applicable,
deposit accounts, all on terms and conditions reasonably satisfactory to the Global Administrative Agent. 
 “Swingline
Commitment” means the obligation of the Swingline Lender to make its Swingline Loans pursuant to Section 2.10 in an aggregate principal amount at any one time outstanding not to exceed $50,000,000. 

“Swingline Lender” means JPMorgan, in its capacity as a lender of Swingline Loans. 

“Swingline Loans” has the meaning assigned to such term in Section 2.10. 

“Swingline Participation Amount” has the meaning assigned to such term in Section 2.10(f). 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by
any Governmental Authority. 
 “Termination Date” means the earlier of the Maturity Date and the date of termination of the
Commitments. 
 “Toronto” means Toronto, Ontario, Canada. 

“Transactions” means, with respect to (a) the Borrower, the execution, delivery and performance by the Borrower of this
Agreement and each other Loan Document to which it is a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, and the grant of Liens by the Borrower on Mortgaged Properties and other
Properties pursuant to the Security Instruments, (b) QRCI, the execution, delivery and performance by QRCI of the Canadian Credit Agreement and each other Canadian Loan Document to which it is a party, the borrowing of Canadian Loans, the use
of the proceeds 

  
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thereof and the issuance of Canadian Letters of Credit thereunder, and the grant of Liens by QRCI on Mortgaged Properties and other Properties pursuant to the Canadian Security Instruments and
(c) each Guarantor, the execution, delivery and performance by such Guarantor of each Loan Document and Canadian Loan Document to which it is a party, the guaranteeing of the applicable Combined Obligations and the other obligations under the
Guaranty Agreement or Canadian Guaranty Agreement by such Guarantor and such Guarantor’s grant of the security interests and provision of collateral pursuant to the Security Instruments and Canadian Security Instruments, and the grant of Liens
by such Guarantor on Mortgaged Properties and other Properties pursuant to the Security Instruments and Canadian Security Instruments. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Alternate Base Rate or the Adjusted LIBO Rate. 
 “Unfunded Current
Liability” means the amount, if any, by which (a) the greater of the solvency liability or the going concern liability of a Canadian Pension Plan as at the date of the most recently filed actuarial valuation, in either case determined
in accordance with the actuarial methods and assumptions used by the actuary for the Canadian Pension Plan in the most recent actuarial valuation of the Canadian Pension Plan filed with, and accepted for filing by, the relevant pension regulatory
authority, exceeds (b) the fair market value of the assets of the Canadian Pension Plan as at the same date. 
 “Unrestricted
Subsidiary” means any Subsidiary of the Borrower designated as such on Schedule 7.11 or which the Borrower has designated in writing to the Global Administrative Agent to be an Unrestricted Subsidiary pursuant to Section 9.07, in each
case, other than QRCI. 
 “U.S. Borrowing Base” means at any time an amount determined in accordance with
Section 2.07, as the same may be adjusted from time to time pursuant to Section 8.12(c), Section 9.02(n), or Section 9.10. 

“U.S. Borrowing Base Deficiency” occurs if at any time the Revolving Credit Exposures exceeds the Allocated U.S. Borrowing
Base then in effect at such time. 
 “U.S. Guarantor” means (x) any Guarantor organized under the laws of the U.S. (or
any state thereof) and (y) prior to the release contemplated by Section 8.13, MLP Opco. 
 “U.S. Permitted Additional
Debt” means any Permitted Additional Debt issued or guaranteed by the Parent or its Domestic Subsidiaries. 
 “U.S.
Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code. 

“U.S. Reserve Report” means a Reserve Report for the Oil and Gas Properties located in the United States or on the Outer
Continental Shelf adjacent to the United States. 
 Section 1.03 Types of Loans and Borrowings. For purposes of this Agreement,
Loans and Borrowings, respectively, may be classified and referred to by Type (e.g., a “Eurodollar Loan” or a “Eurodollar Borrowing”). 

  
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 Section 1.04 Terms Generally; Rules of Construction. The definitions of terms herein
shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” as used in this Agreement shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth in the Loan Documents), (b) any reference herein to any law shall be construed as referring to such law as amended, modified, codified or
reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to the restrictions contained in the Loan Documents),
(d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, e) with respect to the
determination of any time period, the word “from” means “from and including” and the word “to” means “to and including” and (f) any reference herein to Articles, Sections, Annexes, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Annexes, Exhibits and Schedules to, this Agreement. No provision of this Agreement or any other Loan Document shall be interpreted or construed against any Person solely because such
Person or its legal representative drafted such provision. In addition, all terms used herein relating to rules, regulations laws, taxes, GAAP and other similar items shall be deemed to mean, as applicable, the rules, regulations, laws, taxes, GAAP
or such similar item of the United States, Canada or any other jurisdiction reasonably acceptable to the Administrative Agent pursuant to Section 9.08, as the context so requires. 

Section 1.05 Accounting Terms and Determinations; GAAP. Unless otherwise specified herein, all accounting terms used herein shall
be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the Global Administrative Agent or the
Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the Financial Statements except for changes in which Borrower’s independent certified public accountants concur and which are disclosed in such
Financial Statements or to the Global Administrative Agent on the next date on which financial statements are required to be delivered to the Lenders pursuant to Section 8.01(a); provided that, if (i) the Borrower notifies the
Global Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of or calculation of compliance
with such provision or (ii) the Global Administrative Agent notifies the Borrower that the Majority Lenders request an amendment to any provision hereof for such purpose, regardless of whether any such notice is given before or after such
change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith. Notwithstanding anything herein to the contrary, for the purposes of calculating any of the ratios tested under Section 9.01, and the components of each of such ratios, the following shall be excluded:
all Unrestricted Subsidiaries, and their Subsidiaries (including their assets, liabilities, income, expenses, losses, cash flows, and the elements thereof), except as set forth in clause (a) of the definition of Consolidated Net Income. 

  
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 Section 1.06 Letter of Credit Amounts. For purposes of calculation of the LC Exposure
and utilization of the LC Commitment, the amount of a Letter of Credit issued in Canadian Dollars at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect or proposed to be issued at such time.

 Section 1.07 Dollar Denominated Baskets. For purposes of determining compliance under ARTICLE 9 (excluding Section 9.01)
and such other sections of the Loan Documents as the Borrower and Global Administrative Agent may agree where compliance with a covenant or provision depends on any threshold or basket amount operating to provide relief for the Borrower and its
Restricted Subsidiaries from such covenant or provision, the applicable amount of any currency (other than Dollars) shall be the Dollar Equivalent of such currency as determined as of the most recent Revaluation Date. For the avoidance of doubt, the
Dollar Equivalent of any transaction determined for purposes of covenant compliance (e.g., the principal amount of Indebtedness incurred, the amount of an Investment, the value of an asset) shall be determined on the date such covenant compliance is
determined and shall not be thereafter revalued. 
 ARTICLE 2 

THE CREDITS 

Section 2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower
during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (ii) the total Revolving Credit Exposures exceeding the
total Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow the Loans. 

Section 2.02 Loans and Borrowings. (a) Borrowings; Several Obligations. Each Loan shall be made as part of a Borrowing
consisting of Loans made by the Lenders ratably in accordance with their respective Commitments. Any Swingline Loan shall be made in accordance with the procedures set forth in Section 2.10. The failure of any Lender to make any Loan required
to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b) Types of Loans. Subject to Section 3.03, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the
Borrower may request in accordance herewith. Each Swingline Borrowing shall be comprised entirely of ABR Loans as the Borrower may request in accordance with Section 2.10. Each Lender at its option may make any Eurodollar Loan by causing any
domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. No such
designation or transfer shall result in any liability on the part of the Borrower for increased costs or expenses resulting solely from such designation or transfer (except any such transfer which is made by a Lender pursuant


  
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to Section 5.04 or Section 5.05, or otherwise for the purpose of complying with any Governmental Requirement). Increased costs for expenses resulting from a Change in Law occurring
subsequent to any such designation or transfer shall be deemed not to result solely from such designation or transfer. 
 (c) Minimum
Amounts; Limitation on Number of Borrowings. Each Eurodollar Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $3,000,000. Each ABR Borrowing shall be in an aggregate amount that is an
integral multiple of $100,000 and not less than $500,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an
LC Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of 10 Eurodollar Borrowings outstanding.
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

(d) Notes. If requested by a Lender, the Loans made by such Lender shall be evidenced by a single promissory note of the Borrower in
substantially the form of Exhibit A, dated, in the case of (i) any Lender party hereto as of the date of this Agreement, as of the Effective Date, and (ii) any other Lender, as of the date such Lender becomes a party hereto, payable to
such Lender in a principal amount equal to its Maximum Credit Amount as in effect on such date, and otherwise duly completed. In the event that any Lender’s Maximum Credit Amount increases or decreases for any reason (whether pursuant to
Section 2.06, Section 2.09, Section 12.04(b) or otherwise), the Borrower shall deliver or cause to be delivered, to the extent such Lender is then holding a Note and upon the written request of such Lender, on the effective date of
such increase or decrease, a new Note payable to such Lender in a principal amount equal to its Maximum Credit Amount after giving effect to such increase or decrease, and otherwise duly completed. Upon receipt of such replacement Note, such Lender
shall return the replaced Note to the Borrower. The date, amount, Type, interest rate and, if applicable, Interest Period of each Loan made by each Lender, and all payments made on account of the principal thereof, shall be recorded by such Lender
on its books for its Note, and, prior to any transfer, may be endorsed by such Lender on a schedule attached to such Note or any continuation thereof or on any separate record maintained by such Lender. Failure to make any such notation or to attach
a schedule shall not affect any Lender’s or the Borrower’s rights or obligations in respect of such Loans or affect the validity of such transfer by any Lender of its Note. 

Section 2.03 Requests for Borrowings. To request a Borrowing other than a Swingline Loan, the Borrower shall notify the Global
Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, Chicago time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not
later than 12:00 noon, Chicago time, on the date of the proposed Borrowing; provided that no such notice shall be required for any deemed request of an ABR Borrowing to finance the reimbursement of an LC Disbursement as provided in
Section 2.08(e). Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery, electronic mail or telecopy to the Global Administrative Agent of a written Borrowing Request substantially in the
form of Exhibit B and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) the aggregate amount of the requested Borrowing; 

  
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 (ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and 
 (v) the location and number of the
Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.05. 
 If no election
as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest
Period of one month’s duration. Each Borrowing Request shall be deemed to constitute a representation and warranty by the Borrower that the matters specified in Section 6.02(a) through (d) will be satisfied on the date of Borrowing
specified in such Borrowing Request. 
 Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the
Global Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Section 2.04 Interest Elections. (a) Conversion and Continuance. Each Borrowing initially shall be of the Type
specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type
or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.04. The Borrower may elect different options with respect to different portions of the affected
Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. No such conversion or
continuation shall be deemed the making of a new Borrowing for purposes of this Agreement, including without limitation ARTICLE 6. 
 (b)
Interest Election Requests. To make an election pursuant to this Section 2.04, the Borrower shall notify the Global Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under
Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed
promptly by hand delivery, electronic mail or telecopy to the Global Administrative Agent of a written Interest Election Request in substantially the form of Exhibit C and signed by the Borrower. 

  
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 (c) Information in Interest Election Requests. Each telephonic and written Interest
Election Request shall specify the following information in compliance with Section 2.02: 
 (i) the Borrowing to which
such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant
to Section 2.04(c)(iii) and (iv) shall be specified for each resulting Borrowing); 
 (ii) the effective date of
the election made pursuant to such Interest Election Request, which shall be a Business Day; 
 (iii) whether the resulting
Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar
Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which, subject to Section 2.04(e)(ii), shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period or the Interest Period specified
in such Interest Election Request is not available to all Lenders, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Notice to Lenders by the Global Administrative Agent. Promptly following receipt of an Interest Election Request, the Global
Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e)
Effect of Failure to Deliver Timely Interest Election Request and Events of Default and Borrowing Base Deficiencies on Interest Election. If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar
Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary
provision hereof, if (i) an Event of Default has occurred and is continuing and the Global Administrative Agent, at the request of the Majority Lenders, so notifies the Borrower: (A) no outstanding Borrowing may be converted to or
continued as a Eurodollar Borrowing (and any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective) and (B) unless repaid, each Eurodollar
Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto and (ii) a Borrowing Base Deficiency exists and the Global Administrative Agent, at the request of the Majority Lenders, so notifies the
Borrower, no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing with an Interest Period longer than one month. 

Section 2.05 Funding of Borrowings. 

(a) Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds by 1:00 

  
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p.m., Chicago time, to the account of the Global Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made
as provided in Section 2.10. The Global Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Global Administrative
Agent and designated by the Borrower in the applicable Borrowing Request; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.08(e) shall be remitted by the Global Administrative Agent
to the Issuing Bank that made such LC Disbursement. Nothing herein shall be deemed to obligate any Lender to obtain the funds for its Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will
obtain the funds for its Loan in any particular place or manner. 
 (b) Presumption of Funding by the Lenders. Unless the Global
Administrative Agent shall have received notice from a Lender prior to the proposed date (or, with respect to an ABR Borrowing, 1:00 p.m. Chicago time on the date) of any Borrowing that such Lender will not make available to the Global
Administrative Agent such Lender’s share of such Borrowing, the Global Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.05(a) and may, in reliance upon such
assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Global Administrative Agent, then the applicable Lender and the Borrower
severally agree to pay to the Global Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of
payment to the Global Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Global Administrative Agent in accordance with banking industry rules on interbank
compensation or (ii) in the case of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Global Administrative Agent, then such amount shall constitute such Lender’s Loan included in such
Borrowing. 
 Section 2.06 Termination and Reduction of Aggregate Maximum Credit Amounts. (a) Scheduled Termination of
Commitments. Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of
such termination or reduction. 
 (b) Optional Termination and Reduction of Aggregate Credit Amounts. (i) The Borrower may at
any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less
than $3,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit
Exposures would exceed the total Commitments. 
 (ii) The Borrower shall notify the Global Administrative Agent of any
election to terminate or reduce the Aggregate Maximum Credit Amounts under Section 2.06(b)(i) at least three Business Days prior to the effective date of such termination or reduction, 

  
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specifying such election and the effective date thereof. Promptly following receipt of any notice, the Global Administrative Agent shall advise the Lenders of the contents thereof. Each notice
delivered by the Borrower pursuant to this Section 2.06(b)(ii) shall be irrevocable; provided that a notice of termination of the Aggregate Maximum Credit Amounts delivered by the Borrower may state that such notice is conditioned upon
the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Global Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or
reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable
Percentage. 
 Section 2.07 Borrowing Base. (a) Initial Borrowing Base. For the period from and including the Effective
Date to but excluding the first Redetermination Date occurring after the Effective Date, the amount of the Global Borrowing Base shall be $1,075,000,000 and the amount of the U.S. Borrowing Base shall be $850,000,000. Until reallocated in accordance
with the Section 2.07 or 3.04 or otherwise required to be reduced hereunder, the Allocated U.S. Borrowing Base shall be $775,000,000 and the Allocated Canadian Borrowing Base shall be $300,000,000. Notwithstanding the foregoing, the Global
Borrowing Base and U.S. Borrowing Base may be subject to further adjustments from time to time, whether before or after such Redetermination Date, pursuant to Section 8.12(c), Section 9.02(n) or Section 9.10. 

(b) Scheduled and Interim Redeterminations. Subject to Section 2.07(d), the Global Borrowing Base and the U.S. Borrowing Base
shall be redetermined semi-annually (a “Scheduled Redetermination”) on or about the date that is 45 days following the Borrower’s delivery of the U.S. Reserve Report and Canadian Reserve Report in accordance with
Section 8.11(a). In addition, (i) the Borrower may, by notifying the Global Administrative Agent thereof, and (ii) the Global Administrative Agent may, or shall at the direction of the Required Lenders or the Required U.S. Lenders, by
notifying the Borrower thereof, each elect to cause the Global Borrowing Base or U.S. Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this
Section 2.07. 
 (c) Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim
Redetermination shall be effectuated as follows: Upon receipt by the Global Administrative Agent of (A) the U.S. Reserve Report, the Canadian Reserve Report and the certificate required to be delivered by the Borrower to the Global
Administrative Agent, in the case of a Scheduled Redetermination, pursuant to Section 8.11(a) and (c), and, in the case of an Interim Redetermination, pursuant to Section 8.11(b) and (c), and (B) such other reports, data and
supplemental information including, without limitation, the information provided pursuant to Section 8.11(c) as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Reports, such certificate and such other
reports, data and supplemental information being the “Engineering Reports”), the Global Administrative Agent shall evaluate the information contained in the Engineering Reports and shall propose a new Global Borrowing Base and a new
U.S. Borrowing Base (the “Proposed Global Borrowing Base” and the “Proposed U.S. Borrowing Base”, respectively) based upon such information and such other information that is deemed appropriate by the Global
Administrative Agent in its sole discretion in good faith and consistent with its normal oil and gas lending criteria as it exists at 

  
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the particular time (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and the existence of any
other Debt, the Borrower’s and its Restricted Subsidiaries’ other assets, liabilities, fixed charges, cash flow, business, properties, prospects, management and ownership, hedged and unhedged exposure to price, price and production
scenarios, interest rate and operating cost changes). In no event shall the Proposed Global Borrowing Base exceed the Combined Aggregate Maximum Credit Amounts or the Proposed U.S. Borrowing Base exceed the Aggregate Maximum Credit Amounts. 

(ii) The Global Administrative Agent shall notify the Borrower, QRCI and the Lenders of the Proposed Global Borrowing Base and
the Proposed U.S. Borrowing Base (the “Proposed Borrowing Base Notice”): 
 (A) in the case of a Scheduled
Redetermination (1) if the Global Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.11(a) in a timely and complete manner, then on or before 30 days after the
receipt of such Engineering Reports (or as promptly thereafter as may be reasonably practicable) or (2) if the Global Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to
Section 8.11(a) in a timely and complete manner, then promptly after the Global Administrative Agent has received complete Engineering Reports from the Borrower and has had a reasonable opportunity to determine the Proposed Global Borrowing
Base in accordance with Section 2.07(c)(i); and 
 (B) in the case of an Interim Redetermination, promptly, and in any
event, within 30 days after the Global Administrative Agent has received the required Engineering Reports (or as promptly thereafter as may be reasonably practicable). 

(iii) Any Proposed Global Borrowing Base that would increase the Global Borrowing Base then in effect must be approved or
deemed to have been approved by the Super-majority Lenders as provided in this Section 2.07(c)(iii); and any Proposed Global Borrowing Base that would decrease or maintain the Global Borrowing Base then in effect must be approved or be deemed
to have been approved by the Required Lenders as provided in this Section 2.07(c)(iii). Any Proposed U.S. Borrowing Base that would increase the U.S. Borrowing Base then in effect must be approved or deemed to have been approved by the
Super-majority U.S. Lenders as provided in this Section 2.07(c)(iii); and any Proposed U.S. Borrowing Base that would decrease or maintain the U.S. Borrowing Base then in effect must be approved or be deemed to have been approved by the
Required U.S. Lenders as provided in this Section 2.07(c)(iii). Upon receipt of the Proposed Borrowing Base Notice, each Lender and Canadian Lender shall have 15 days to agree with the Proposed Global Borrowing Base and/or the Proposed U.S.
Borrowing Base or disagree with the Proposed Global Borrowing Base and/or the Proposed U.S. Borrowing Base by proposing an alternate Global Borrowing Base and/or U.S. Borrowing Base. If, at the end of such 15 days, any Lender or Canadian Lender has
not communicated its approval or disapproval in writing to the Global Administrative 

  
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Agent, such silence shall be deemed to be an approval of the Proposed Global Borrowing Base and, if applicable, the U.S. Borrowing Base. If, at the end of such 15-day period: (1) the
Super-majority Lenders, in the case of a Proposed Global Borrowing Base that would increase the Global Borrowing Base then in effect, (2) the Super-majority U.S. Lenders, in the case of a Proposed U.S. Borrowing Base that would increase the
U.S. Borrowing Base then in effect, (3) the Required Lenders, in the case of a Proposed Global Borrowing Base that would decrease or maintain the Global Borrowing Base or (4) the Required U.S. Lenders, in the case of a Proposed U.S.
Borrowing Base that would decrease or maintain the U.S. Borrowing Base then in effect, have approved or deemed to have approved, as aforesaid, then the Proposed Global Borrowing Base shall become the new Global Borrowing Base effective on the date
specified in Section 2.07(d) and/or the Proposed U.S. Borrowing Base shall become the new U.S. Borrowing Base effective on the date specified in Section 2.07(d). If, however, at the end of such 15-day period, the Required Lenders, the
Required U.S. Lenders, the Super-majority Lenders or the Super-majority U.S. Lenders have not approved or deemed to have approved, as aforesaid, then the Global Administrative Agent shall poll the Lenders and the Canadian Lenders to ascertain the
highest (x) Global Borrowing Base then acceptable to a number of Lenders and Canadian Lenders sufficient to constitute the Required Lenders or the Super-majority Lenders, as applicable, and such amount shall become the new Global Borrowing
Base, effective on the date specified in Section 2.07(d) and/or (y) U.S. Borrowing Base then acceptable to a number of Lenders sufficient to constitute the Required U.S. Lenders or the Super-majority U.S. Lenders, as applicable, and such
amount shall become the new U.S. Borrowing Base, effective on the date specified in Section 2.07(d). The consent of the Borrower, in its sole discretion, shall be required for any increase in the Global Borrowing Base or the U.S. Borrowing
Base. 
 (d) Effectiveness of a Redetermined Borrowing Base. After a redetermined Global Borrowing Base or U.S. Borrowing Base is
approved or is deemed to have been approved by the Required Lenders, the Required U.S. Lenders, the Super-majority Lenders or the Super-majority U.S. Lenders, as applicable, pursuant to Section 2.07(c)(iii) (and, in the case of an increase, the
Borrower), the Global Administrative Agent shall notify the Borrower, QRCI, the Lenders and the Canadian Lenders of the amount of the redetermined Global Borrowing Base and the U.S. Borrowing Base (the “New Borrowing Base Notice”),
and such amounts shall become the new Global Borrowing Base and U.S. Borrowing Base, effective and applicable to the Borrower, the Agents, each Issuing Bank and the Lenders: 

(i) in the case of a Scheduled Redetermination, (A) if the Global Administrative Agent shall have received the Engineering
Reports required to be delivered by the Borrower pursuant to Section 8.11(a) and (c) in a timely and complete manner, then on the date of such New Borrowing Base Notice, or (B) if the Global Administrative Agent shall not have
received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding the date of such New Borrowing Base Notice; and 

(ii) in the case of an Interim Redetermination, on the Business Day next succeeding the date of such New Borrowing Base Notice.


  
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 Such amounts shall then become the Global Borrowing Base and the U.S. Borrowing Base, as
applicable, until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Global Borrowing Base and/or the U.S. Borrowing Base under Section 8.12 (c), Section 9.02(n) or
Section 9.10, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower. 

(e) Allocation of the U.S. Borrowing Base. For so long as any of the Combined Commitments are in effect and/or any Combined Obligations
are outstanding, a portion of the U.S. Borrowing Base may be allocated to support the availability of Canadian Revolving Credit Exposure in accordance with this Section 2.07(e). 

(i) Within ten (10) Business Days of receipt of a New Borrowing Base Notice, the Borrower shall specify the amount of U.S.
Borrowing Base to be allocated to support the availability of Canadian Revolving Credit Exposure by providing a written notice to the Global Administrative Agent and the Canadian Administrative Agent of such allocation (each such notice herein a
“Borrowing Base Allocation Notice”); provided that at no time shall (x) the Allocated U.S. Borrowing Base be an amount less than $50,000,000 (such minimum amount in respect of the Allocated U.S. Borrowing Base then in
effect, the “Minimum Allocated U.S. Borrowing Base”) or (y) the Allocated Canadian Borrowing Base (after giving effect to such allocation) exceed the Canadian Aggregate Maximum Credit Amount. In the event that the Borrower
fails to provide the Global Administrative Agent with a Borrowing Base Allocation Notice required to be delivered upon receipt of a New Borrowing Base Notice within such ten (10) Business Day period, the U.S. Borrowing Base will be allocated in
the same amount as existed prior to such redetermination. Promptly upon the allocation of the U.S. Borrowing Base, the Global Administrative Agent shall provide a written notice to the Combined Lenders. Any designation of the Allocated U.S.
Borrowing Base or the Allocated Canadian Borrowing Base effected pursuant to this Section 2.07(e)(i) in connection with a determination or redetermination of the Global Borrowing Base or U.S. Borrowing Base, shall be effective as of the date of
the New Borrowing Base Notice. 
 (ii) So long as no Default or Event of Default shall have occurred and be continuing, from
time to time but in no event more than (A) four (4) times per fiscal year and (B) once every thirty (30) days, upon at least five (5) Business Days prior written notice to the Global Administrative Agent (the
“Discretionary Borrowing Base Allocation Notice”), the Borrower may reallocate the U.S. Borrowing Base between the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base (a “Discretionary Borrowing Base
Reallocation”). Promptly upon the allocation of the U.S. Borrowing Base between the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base in accordance with the procedures set forth in this clause (ii), the Global
Administrative Agent shall provide a written notice thereof to the Combined Lenders. Any Discretionary Borrowing Base Reallocation shall (1) be effective five (5) Business Days following the date the Global Administrative Agent receives
the Discretionary Borrowing Base Allocation Notice or the date indicated for such effectiveness in the Discretionary Borrowing Base Allocation Notice, whichever is later and (2) be subject to 

  
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(x) the Minimum Allocated U.S. Borrowing Base and (y) the Allocated Canadian Borrowing Base (after giving effect to such allocation) not exceeding the Canadian Aggregate Maximum Credit
Amount. 
 (iii) In connection with each Borrowing Base Allocation Notice or Discretionary Borrowing Base Allocation Notice,
the Global Administrative Agent shall calculate the Applicable Percentage of each Lender and provide notice to each Lender of its Applicable Percentage. On each date on which an allocation of the U.S. Borrowing Base pursuant to a Borrowing Base
Allocation Notice or a Discretionary Borrowing Base Allocation Notice which results in a change in the Applicable Percentage of any Lender becomes effective, if any Loans or Letters of Credit are outstanding as of such date, then the outstanding
principal balance of the Loans (and participations in Letters of Credit) shall be reallocated in accordance with such new Applicable Percentages and each Lender whose Applicable Percentage has increased shall, by wire transfer of immediately
available funds, purchase a pro rata portion of the outstanding Loans (and participation interests in Letters of Credit) of each Lender who Applicable Percentage has decreased (and such Lenders hereby agree to sell and to take all such further
action to effectuate such sale) such that each Lender shall hold its new Applicable Percentage of the outstanding Loans (and participation interests) after giving effect to such purchases and sales. 

Section 2.08 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request any Issuing Bank to issue Canadian Dollar
or Dollar denominated Letters of Credit for its own account or for the account of any of its Restricted Subsidiaries, in a form reasonably acceptable to the Global Administrative Agent and such Issuing Bank, at any time and from time to time during
the Availability Period; provided, however, that no Letter of Credit shall be issued, amended, renewed or extended if, after such issuance or at the time of any such amendment, renewal or extension, (i) the LC Exposure would exceed the
LC Commitment and (ii) the total Revolving Credit Exposure would exceed the total Commitments of all Lenders. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of
letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the
amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to any Issuing
Bank and the Global Administrative Agent (not less than three Business Days in advance of the requested date of issuance, amendment, renewal or extension) a notice: 

(i) requesting the issuance of a Letter of Credit or identifying the Letter of Credit issued by such Issuing Bank to be
amended, renewed or extended; 

  
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 (ii) specifying the date of issuance, amendment, renewal or extension (which
shall be a Business Day); 
 (iii) specifying the date on which such Letter of Credit is to expire (which shall comply with
Section 2.08(c)); 
 (iv) specifying the amount and Currency of such Letter of Credit; and 

(v) specifying the name and address of the beneficiary thereof and such other information as shall be necessary to prepare,
amend, renew or extend such Letter of Credit. 
 Each such notice shall be deemed to constitute a representation and warranty by the Borrower that the
matters specified in Section 6.02(a) through (d) will be satisfied on the date specified in clause (ii) of the immediately preceding sentence and that the terms of the proviso in Section 2.08(a) shall be satisfied. No letter of
credit issued by an Issuing Bank (if the Issuing Bank is not the Global Administrative Agent) shall be deemed to be a “Letter of Credit” issued under this Agreement unless such Issuing Bank has confirmed with the Global Administrative
Agent that the condition set forth in Section 6.02(d) hereof is satisfied and that the LC Exposure does not exceed the LC Commitment (after giving effect to the issuance of such letter of credit). If requested by any Issuing Bank, the Borrower
also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. 

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one
year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Maturity Date; provided,
however, that any Letter of Credit with a one-year tenor may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (ii) above). 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and
without any further action on the part of the Issuing Bank that issues such Letter of Credit or the Lenders, each Issuing Bank that issues a Letter of Credit hereunder hereby grants to each Lender, and each Lender hereby acquires from such Issuing
Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby
absolutely and unconditionally agrees to pay to the Global Administrative Agent, in the Currency in which such Letter of Credit is denominated, for the account of any Issuing Bank that issues a Letter of Credit hereunder, such Lender’s
Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Borrower on the date due as provided in Section 2.08(e), or of any reimbursement payment required to be refunded to the Borrower for any reason.
Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this Section 2.08(d) in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including
any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default, the existence of a Borrowing Base Deficiency or reduction or termination of the Commitments, and that each such payment shall be made without
any offset, abatement, withholding or reduction whatsoever. 

  
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 (e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit issued by such Issuing Bank, the Borrower shall reimburse such LC Disbursement by paying to the Global Administrative Agent an amount (in the Currency in which the applicable Letter of Credit is denominated) equal to such LC
Disbursement not later than 1:00 p.m., Chicago time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Chicago time, on such date, or, if such notice has not been
received by the Borrower prior to such time on such date, then not later than 1:00 p.m., Chicago time, on (i) the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., Chicago time, on the day of
receipt, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that the Borrower may request that such payment be
financed with an ABR Borrowing in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing. For purposes of the first sentence of
Section 2.01, the amount of such ABR Borrowing shall be considered, but the amount of the LC Disbursement to be concurrently reimbursed shall not be considered. If the Borrower fails to make such payment when due, the Global Administrative
Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the
Global Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.05 with respect to Loans made by such Lender (and Section 2.05 shall apply, mutatis mutandis, to
the payment obligations of the Lenders), and the Global Administrative Agent shall promptly pay to the Issuing Bank that issued such Letter of Credit the amounts so received by it from the Lenders. Promptly following receipt by the Global
Administrative Agent of any payment from the Borrower pursuant to this Section 2.08(e), the Global Administrative Agent shall distribute such payment to the Issuing Bank that issued such Letter of Credit or, to the extent that Lenders have made
payments pursuant to this Section 2.08(e) to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this Section 2.08(e) to reimburse an Issuing Bank
for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 

(f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in Section 2.08(e) shall be
absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of
Credit, any Letter of Credit Agreement or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein
being untrue or inaccurate in any respect, (iii) payment by any Issuing Bank under a Letter of Credit issued by such Issuing Bank against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or
any Letter of Credit Agreement, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of 

  
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this Section 2.08(f), constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Global Administrative Agent,
the Lenders nor any Issuing Bank, nor any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment
thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter
of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of any Issuing Bank; provided that the foregoing shall not be
construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law)
suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree
that, in the absence of gross negligence or willful misconduct on the part of any Issuing Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised all requisite care in each such
determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit,
the Issuing Bank that issued such Letter of Credit may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse
to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Letter of Credit issued by such Issuing Bank. Such Issuing Bank shall promptly notify the Global Administrative Agent and the Borrower by telephone (confirmed by electronic mail or telecopy) of such demand for
payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and
the Lenders with respect to any such LC Disbursement. 
 (h) Interim Interest. If any Issuing Bank shall make any LC Disbursement,
then, until the Borrower shall have reimbursed such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of such
Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Replacement of an Issuing Bank. Any Issuing Bank may be replaced or resign at any time by written agreement among the Borrower, the
Global Administrative Agent, such retiring or replaced Issuing Bank and, in the case of a replacement, the successor Issuing Bank. 

  
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The Global Administrative Agent shall notify the Lenders of any such resignation or replacement of an Issuing Bank. At the time any such resignation or replacement shall become effective, the
Borrower shall pay all unpaid fees accrued for the account of the retiring or replaced Issuing Bank pursuant to Section 3.05(b). In the case of the replacement of an Issuing Bank, from and after the effective date of such replacement,
(i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to “Issuing Bank”
shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the resignation or replacement of an Issuing Bank hereunder, the retiring or
replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall
not be required to issue additional Letters of Credit. 
 (j) Cash Collateralization. If (i) any Event of Default shall occur
and be continuing and the Borrower receives notice from the Global Administrative Agent or the Majority U.S. Lenders demanding the deposit of cash collateral pursuant to this Section 2.08(j), (ii) the Borrower is required to pay to the
Global Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment pursuant to Section 3.04(c) or (iii) the Borrower receives notice from the Global Administrative Agent that the LC Exposure exceeds
105% of the LC Commitment, then the Borrower shall deposit, as of the date of such notice or required payment or, in the case of clause (z) below, within three Business Days of the Borrower’s receipt of notice from the Global
Administrative Agent, in an account with the Global Administrative Agent, in the name of the Global Administrative Agent and for the benefit of the Lenders, an amount in cash (in the applicable Currency) equal to, (x) in the case of an Event of
Default, the LC Exposure, (y) in the case of a payment required by Section 3.04(c), the amount of such excess as provided in Section 3.04(c), or (z) in the case of the LC Exposure exceeding the LC Commitment due to fluctuations
in the exchange rate between the Dollar and the Canadian Dollar, the excess of the LC Exposure over the LC Commitment, in each case, plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral
shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower or any Guarantor described in
Section 10.01(h) or Section 10.01(i). The Borrower hereby grants to the Global Administrative Agent, for the benefit of each Issuing Bank and the Lenders, an exclusive first priority and continuing perfected security interest in and Lien
on such account and all cash, checks, drafts, certificates and instruments, if any, from time to time deposited or held in such account, all deposits or wire transfers made thereto, any and all investments purchased with funds deposited in such
account, all interest, dividends, cash, instruments, financial assets and other Property from time to time received, receivable or otherwise payable in respect of, or in exchange for, any or all of the foregoing, and all proceeds, products,
accessions, rents, profits, income and benefits therefrom, and any substitutions and replacements therefor. The Borrower’s obligation to deposit amounts pursuant to this Section 2.08(j) shall be absolute and unconditional, without regard
to whether any beneficiary of any such Letter of Credit has attempted to draw down all or a portion of such amount under the terms of a Letter of Credit, and, to the fullest extent permitted by applicable law, shall not be subject to any defense or
be affected by a right of set-off, counterclaim or recoupment which the Borrower or any of its Subsidiaries may now or hereafter have against any such beneficiary, any Issuing 

  
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Bank, the Global Administrative Agent, the Lenders or any other Person for any reason whatsoever. Such deposit shall be held as collateral securing the payment and performance of the
Borrower’s and the Guarantor’s obligations under this Agreement and the other Loan Documents. The Global Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other
than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Global Administrative Agent and at the Borrower’s risk and expense, such deposits shall not bear interest.
Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Global Administrative Agent to reimburse, on a pro rata basis, each Issuing Bank for LC Disbursements for which it has
not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated, be applied to satisfy
other obligations of the Borrower and the Guarantors under this Agreement or the other Loan Documents. In the event of any such payment by the Borrower of amounts contingently owing under outstanding Letters of Credit and in the event that
thereafter drafts or other demands for payment complying with the terms of such Letters of Credit are not made on or prior to the respective expiration dates thereof, the Global Administrative Agent agrees, if no Default is then continuing and the
Borrower does not have any obligation at such time to provide cash collateral under Section 2.11 hereof, or if no other amounts are then outstanding under this Agreement, the Notes or the Loan Documents, to remit to the Borrower amounts for
which the contingent obligations evidenced by the Letters of Credit have ceased (but only to the extent of the amount of cash collateral then on deposit with the Global Administrative Agent in respect of such Letters of Credit). If the Borrower is
required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, and the Borrower is not otherwise required to pay to the Global Administrative Agent the excess attributable to an LC Exposure in
connection with any prepayment pursuant to Section 3.04(c) or clause (z) of this Section 2.08(j), then such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events
of Default have been cured or waived. If the Borrower was (1) required to provide an amount of cash collateral hereunder as a result of the LC Exposure exceeding the LC Commitment due to fluctuations in the exchange rate between the Dollar and
the Canadian Dollar, (2) the LC Exposure no longer exceeds the LC Commitment and (3) and the Borrower is not otherwise required to post cash collateral in respect of the Letters of Credit hereunder which has not been posted, then the
amount of such excess shall be returned to the Borrower within three Business Days upon request of the Borrower. 
 Section 2.09
Increase in the Maximum Credit Amounts. (a) The Borrower may, with the consent of the Global Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed), on no more than five occasions during the period
beginning on the Effective Date to and including the date that is six months prior to the Maturity Date, by written notice to the Global Administrative Agent executed by the Borrower and one or more financial institutions (any such financial
institution executing such notice being called an “Increasing Lender”), which may include any Lender, cause the Maximum Credit Amounts to be extended by the Increasing Lenders if such Increasing Lender is not already a Lender (or cause the
Maximum Credit Amounts of the Increasing Lenders that are already Lenders to be increased, as the case may be) in an amount for each Increasing Lender set forth in such notice; provided, that (i) each extension of new Maximum Credit
Amounts or increase in existing Maximum Credit 

  
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Amounts pursuant to this paragraph shall result in the aggregate Maximum Credit Amounts being increased by no less than $17,500,000, (ii) the sum of all new Maximum Credit Amounts and
increases in existing Maximum Credit Amounts pursuant to this paragraph shall not exceed $250,000,000 without the approval of all Lenders, (iii) each Increasing Lender, if not already a Lender, shall be subject to the approval of the Global
Administrative Agent, each Issuing Bank and the Swingline Lender (which approval shall not be unreasonably withheld, conditioned or delayed), (iv) each Increasing Lender, if not already a Lender hereunder, shall become a party to this Agreement
by completing and delivering to the Global Administrative Agent a duly executed joinder agreement in a form reasonably satisfactory to the Global Administrative Agent and the Borrower (a “Joinder Agreement”), (v) any Lender requested
by the Borrower to become an Increasing Lender may elect, or decline, such request in its sole discretion and (vi) no Default has occurred and is continuing. 

(b) Upon the effectiveness of any Joinder Agreement to which any Increasing Lender is a party, (i) such Increasing Lender shall
thereafter be deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges accorded a Lender hereunder and subject to all obligations of a Lender hereunder and (ii) Annex I shall be deemed to have been
amended to reflect the Maximum Credit Amount of such Increasing Lender as provided in such Joinder Agreement. Upon the effectiveness of any increase pursuant to this Section 2.09 in the Maximum Credit Amount of a Lender already a party hereto,
Annex I shall be deemed to have been amended to reflect the increased Maximum Credit Amount of such Lender. Notwithstanding the foregoing, no increase in the Aggregate Maximum Credit Amounts (or in the Maximum Credit Amount of any Lender) shall
become effective under this Section unless, on the date of such increase, the Global Administrative Agent shall have received (1) a certificate, dated as of the effective date of such increase and executed by a Financial Officer of the
Borrower, to the effect that the conditions set forth in paragraphs (a) and (c) of Section 6.02 shall be satisfied (with all references in such paragraphs to a Borrowing being deemed to be references to such increase and attaching
resolutions of the Borrower approving such increase) and (2) if requested by the Global Administrative Agent, a legal opinion in form and substance reasonably satisfactory to the Global Administrative Agent. The Global Administrative Agent
shall provide notice to the Borrower and the Lenders of the effectiveness of any such Joinder Agreement and/or any increase in the Aggregate Maximum Credit Amounts (or in the Maximum Credit Amount of any Lender) and the foregoing shall be effective
as of the date of such notice. 
 (c) The Borrower shall prepay any Loans outstanding prior to the effectiveness of such increase or
extension, together with any amounts due pursuant to Section 5.02, with new Loans made pursuant to Section 2.01 ratably in accordance with the Maximum Credit Amounts in effect following such extension or increase. 

Section 2.10 Swingline Loans. (a) Subject to the terms and conditions hereof, the Swingline Lender agrees to make a portion
of the credit otherwise available to the Borrower under the Commitments from time to time until the Termination Date by making swing line loans (“Swingline Loans”) to the Borrower; provided that (i) the aggregate outstanding
principal amount of Swingline Loans owed to the Swingline Lender at any time shall not exceed its Swingline Commitment then in effect (notwithstanding that the outstanding Swingline Loans owed to the Swingline Lender at any time, when aggregated
with the Swingline Lender’s other outstanding Loans, may exceed its Commitment then in effect) and (ii) the Borrower shall not 

  
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request, and the Swingline Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan, the Revolving Credit Exposure would exceed the lower of
(A) the total Commitments of all Lenders and (B) the Allocated U.S. Borrowing Base; provided further that the Swingline Lender may not make a Swingline Loan to refinance an outstanding Swingline Loan. Prior to the Termination Date,
the Borrower may use the Swingline Commitment by borrowing, repaying (in whole or part) and reborrowing, all in accordance with the terms and conditions hereof. 

(b) The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each Swingline Loan made by the Swingline Lender on
or before the earlier of (i) the Termination Date and (ii) the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least five (5) Business Days after such Swingline Loan is made. The
unpaid principal amount of each Swingline Loan shall bear interest at the per annum rate equal to Alternate Base Rate in effect from time to time plus the Applicable Margin for ABR Loans. 

(c) The obligation of the Swingline Lender to make Swingline Loans to the Borrower is subject to the same conditions precedent for the making
of Loans under Section 6.02. 
 (d) Whenever the Borrower desires that the Swingline Lender make Swingline Loans it shall give
irrevocable telephonic notice to JPMorgan, as Global Administrative Agent and the Swingline Lender, confirmed promptly in writing (which telephonic notice must be received by the Swingline Lender not later than 1:30 p.m., Chicago time, on the
proposed date Swingline Loans are requested to be made), specifying (i) the amount to be borrowed and (ii) the requested date such Swingline Loans are to be advanced (which shall be a Business Day). Each borrowing under the Swingline
Commitment shall be in an amount not less than $500,000 and a whole multiple of $100,000 in excess thereof. As soon as such funds are available, but in any event not later than 3:00 p.m., Chicago time, on the date such Swingline Loans are requested
to be advanced pursuant to the Borrower’s corresponding written request referenced above, the Swingline Lender shall make available to the Global Administrative Agent at the office designated by the Global Administrative Agent for such purpose
an amount in immediately available funds equal to the amount of the Swingline Loans to be made by the Swingline Lender. The Global Administrative Agent shall make the proceeds of such Swingline Loan available to the Borrower at such office in
immediately available funds as soon as such funds are available, but in any event not later than 3:00 p.m., Chicago time, on the date such Swingline Loans are requested to be advanced pursuant to the Borrower’s corresponding written request.

 (e) The Swingline Lender, at any time and from time to time in its sole and absolute discretion may, on behalf of the Borrower (which
hereby irrevocably authorizes the Swingline Lender to so act on its behalf), by written notice to the Global Administrative Agent and each Lender, with copy to the Borrower, given by the Swingline Lender no later than 11:00 a.m., Chicago time,
require each Lender to make, and each Lender hereby agrees to make, a Loan, in an amount equal to such Lender’s Applicable Percentage of the aggregate amount of the Swingline Lender’s Swingline Loans (the “Refunded Swingline
Loans”) outstanding on the date of such notice, to repay the Swingline Lender. Each Lender shall make the amount of such Loan available to the Global Administrative Agent at such office in immediately available funds, not later than 10:00
a.m., Chicago time, one Business Day after the date of such notice. The proceeds of such Loans shall be immediately made available by the Global Administrative Agent to the Swingline Lender for application by it to the repayment of the Refunded
Swingline Loans. 

  
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 (f) If prior to the time a Refunded Swingline Loan would have otherwise been made pursuant to
Section 2.10(e), one of the events described in Section 10.01(h) or Section 10.01(i) shall have occurred and be continuing with respect to the Borrower or if for any other reason, as determined by the Swingline Lender in its sole
discretion, Loans may not be made as contemplated by Section 2.10(e), each Lender shall, on the date such Loan was to have been made pursuant to the notice referred to in Section 2.10(e), purchase for cash an undivided participating
interest in the then outstanding Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to (i) such Lender’s Applicable Percentage times (ii) the sum of the aggregate
principal amount of Swingline Loans then outstanding to the Swingline Lender that were to have been repaid with such Loans. 
 (g) Whenever,
at any time after the Swingline Lender has received from any Lender such Lender’s Swingline Participation Amount, the Swingline Lender receives any payment on account of outstanding Swingline Loans, the Swingline Lender will distribute to such
Lender its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participating interest was outstanding and funded and, in the case of principal and
interest payments, to reflect such Lender’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on all Swingline Loans then due); provided, however, that in the event that such payment
received by the Swingline Lender is required to be returned, such Lender will return to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender. 

(h) Each Lender’s obligation to make the Loans referred to in Section 2.10(e) and to purchase participating interests pursuant to
Section 2.10(f) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Lender or the Borrower may have against the Swingline
Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of an Event of Default or the failure to satisfy any of the other conditions specified in Section 6.02, (iii) any adverse change in
the condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other Loan Document by the Borrower, any Guarantor or any other Lender or (v) any other circumstance, happening or event whatsoever, whether
or not similar to any of the foregoing. 
 Section 2.11 Defaulting Lenders. Notwithstanding any provision of this Agreement to
the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) Commitment fees will cease to accrue on the unfunded portion of the Commitment of the Defaulting Lender pursuant to Section 3.05(a)
and such Defaulting Lender shall not be entitled to receive any commitment fee pursuant to Section 3.05(a); 

  
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 (b) If any Swingline Loans are outstanding or any LC Exposure exists at the time a Lender is a
Defaulting Lender then solely for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Swingline Loans and Letters of Credit pursuant to Section 2.08 and
Section 2.10: 
 (i) all or any part of the Swingline Participation Amount and LC Exposure of such Defaulting Lender
shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent that (x) the sum of all non-Defaulting Lenders’ Revolving Credit Exposures does not exceed the total of
all non-Defaulting Lenders’ Commitments, (y) each non-Defaulting Lender’s total Revolving Credit Exposure may not in any event exceed the Commitment of such Non-Defaulting Lender as in effect at the time of such reallocation and
(z) the conditions set forth in Section 6.02 are satisfied at such time; 
 (ii) if the reallocation described in
clause (i) above cannot, or can only partially, be effected, the Borrower shall within three Business Days following notice by the Global Administrative Agent given no later than 12:00 noon, Chicago time (x) first, prepay the Swingline
Participation Amount of the Defaulting Lender to the Swingline Lender and (y) second, cash collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance
with the procedures set forth in Section 2.08(j) for so long as such LC Exposure is outstanding; 
 (iii) if the
Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to this Section 2.11(b), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 3.05(b) with respect
to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized; if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to this Section 2.11, then the fees
payable to the Lenders pursuant to Section 3.05(a) and Section 3.05(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages with the balance of such fee, if any, being retained by the Borrower for
its own account or, to the extent any LC Exposure shall then be outstanding, being payable to each applicable Issuing Bank for its own account to the extent such fee relates to the amount of such LC Exposure; or 

(iv) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to this
Section 2.11, then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all commitment fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such
Defaulting Lender’s Commitment that was utilized by such LC Exposure) and Letter of Credit fees payable under Section 3.05(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to each applicable Issuing Bank until
such LC Exposure is cash collateralized and/or reallocated. 
 (c) Notwithstanding any provision of this Agreement to the contrary, so long
as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and no Issuing Bank shall be required to issue, amend or increase any Letter of Credit unless it is satisfied that the related exposure will
be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance 

  
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with Section 2.08(j), and participating interests in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among non-Defaulting Lenders in a
manner consistent with Section 2.11(b)(i) (and Defaulting Lenders shall not participate therein). 
 (d) Any amount payable to such
Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 4.01(c) or Section 10.02(c), but excluding
Section 5.04(b)) will, in lieu of being distributed to such Defaulting Lender, be retained by the Global Administrative Agent in a segregated account and, subject to any applicable requirements of law, be applied at such time or times as may be
determined by the Global Administrative Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Global Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such
Defaulting Lender to each Issuing Bank and the Swingline Lender hereunder, (iii) third, to cash collateralize such Defaulting Lender’s LC Exposure in accordance with Section 2.08(j), (iv) fourth, as the Borrower may request (so
long as no Default exists), to the funding of any Loan or Swingline Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Global Administrative Agent,
(v) fifth, if so determined by the Global Administrative Agent and the Borrower, held in an interest bearing account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding obligations with
respect to Loans under this Agreement and (B) cash collateralize such Defaulting Lender’s future LC Exposure in accordance with Section 2.08(j), (vi) sixth, to the payment of any amounts then owing to the Lenders, any Issuing
Bank or the Swingline Lender as a result of any final and non-appealable judgment of a court of competent jurisdiction obtained by any Lender, Issuing Bank or Swingline Lender against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement, (vii) seventh, to the payment of any amounts then owing to the Borrower as a result of any final and non-appealable judgment of a court of competent jurisdiction obtained by the
Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement and (viii) eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if such payment is (x) a prepayment of the principal amount of any Loans or reimbursement obligations in respect of LC Disbursement or Swingline Participation Amount that a Defaulting Lender has not fully funded its
participation obligations and (y) in the case of such Loans which were made at a time when the conditions set forth in Section 6.02 were satisfied or waived, such payment will be applied solely to prepay the Loans of, and reimbursement
obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or reimbursement obligations owed to, any Defaulting Lender. Any payments, prepayments or other amounts paid or payable to any Defaulting
Lender that are applied (or held) to pay amounts owed by such Defaulting Lender or to post cash collateral pursuant to Section 2.11 shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents to the
foregoing. 
 (e) If any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender
and the Global Administrative Agent, require such Lender to be replaced in accordance with Section 5.04(b). 
 (f) In the event that
the Global Administrative Agent, the Borrower, the Issuing Banks and the Swingline Lender each agrees that a Defaulting Lender has adequately remedied 

  
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all matters that caused such Lender to be a Defaulting Lender, then the Swingline Participation Amounts and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such
Defaulting Lender’s Commitment and on such date such Defaulting Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Global Administrative Agent shall determine may be necessary in order for
such Lender to hold such Loans in accordance with its Applicable Percentage; provided, that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a
Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim that the Borrower,
the Global Administrative Agent, the Issuing Banks, the Swingline Lender, or any other Lender may have against such Defaulting Lender or cause such Defaulting Lender to be a non-Defaulting Lender except as expressly set forth above. 

Section 2.12 Currency Indemnity. 

(a) Payments in Agreed Currency. The Borrower shall, and shall cause the U.S. Guarantors to, make payment relative to any Secured
Indebtedness in the currency (the “Agreed Currency”) in which such Secured Indebtedness was effected. If any payment is received on account of any Secured Indebtedness in any currency (the “Other Currency”) other
than the Agreed Currency (whether voluntarily or pursuant to an order or judgment or the enforcement thereof or the realization of any collateral under the Security Instruments or the liquidation of the Borrower or otherwise howsoever), such payment
shall constitute a discharge of the liability of the Borrower and U.S. Guarantors hereunder and under the other Loan Documents in respect of such obligation only to the extent of the amount of the Agreed Currency which the relevant Lender or Agent,
as the case may be, is able to purchase with the amount of the Other Currency received by it on the Business Day next following such receipt in accordance with its normal procedures and after deducting any premium and costs of exchange. 

(b) Conversion of Agreed Currency into Judgment Currency. If, for the purpose of obtaining or enforcing judgment in any court in any
jurisdiction, it becomes necessary to convert into a particular currency (the “Judgment Currency”) any amount due in the Agreed Currency then the conversion shall be made on the basis of the rate of exchange prevailing on the next
Business Day following the date such judgment is given and in any event the Borrower or its Restricted Subsidiary shall be obligated to pay the Agents and the Lenders any deficiency in accordance with Section 2.12(c). For the foregoing purposes
“rate of exchange” means the lowest rate at which the relevant Lender or Agent, as applicable, in accordance with its normal banking procedures is able on the relevant date to purchase the Agreed Currency with the Judgment Currency after
deducting any premium and costs of exchange. 
 (c) Circumstances Giving Rise to Indemnity. To the fullest extent permitted by
applicable law, if (i) any Lender or any Agent receives any payment or payments on account of the liability of the Borrower hereunder pursuant to any judgment or order in any Other Currency, and (ii) the amount of the Agreed Currency which
the relevant Lender or Agent, as applicable, is able to purchase on the Business Day next following such receipt with the proceeds of such payment or payments in accordance with its normal procedures and after deducting any premiums and costs of
exchange is less than the amount of the Agreed Currency due in respect 

  
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of such liability immediately prior to such judgment or order, then the Borrower on demand shall, and the Borrower hereby agrees to, indemnify the Lenders and the Agents from and against any
loss, cost or expense arising out of or in connection with such deficiency; provided that if the amount of the Agreed Currency so purchased is greater than the amount of the Agreed Currency due in respect of such liability immediately prior
to such judgment or order, then the Agents or the Lenders, as the case may be, agree to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable law). 

(d) Indemnity Separate Obligation. To the fullest extent permitted by applicable law, the agreement of indemnity provided for in
Section 2.12(c) shall constitute an obligation separate and independent from all other obligations contained in this Agreement, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by
the Lenders or Agents or any of them from time to time, and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or under any judgment or order. 

ARTICLE 3 
 PAYMENTS
OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES 

Section 3.01 Repayment of Loans. The Borrower hereby unconditionally promises to pay (a) to the Global Administrative Agent
for the account of each Lender the then unpaid principal amount of each Loan on the Termination Date and (b) the Swingline Lender the unpaid principal amount of each Swingline Loan in accordance with Section 2.10(b). 

Section 3.02 Interest. 

(a) ABR Loans. The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin for
ABR Loans, but in no event to exceed the Highest Lawful Rate. 
 (b) Eurodollar Loans. The Loans comprising each Eurodollar Borrowing
shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin for Eurodollar Loans, but in no event to exceed the Highest Lawful Rate. 

(c) Default Rate. Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the
Borrower or any Guarantor hereunder or under any other Loan Document is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum
equal to (i) in the case of overdue principal of any Loan, the lesser of (A) the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section plus 2% or (B) the Highest Lawful Rate or (ii) in the
case of any other amount, the lesser of (A) the Default Rate or (B) the Highest Lawful Rate. 
 (d) Interest Payment Dates.
Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand,
(ii) in the event of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be


  
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payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued
interest on such Loan shall be payable on the effective date of such conversion (but only to the extent so converted). 
 (e) Interest
Rate Computations. All interest hereunder shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366
days in a leap year), except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in
each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Global Administrative Agent, and
such determination shall be conclusive absent manifest error, and be binding upon the parties hereto. 
 Section 3.03 Alternate Rate
of Interest. If prior to the commencement of any Interest Period for a Eurodollar Borrowing: 
 (a) the Global Administrative Agent
determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(b) the Global Administrative Agent is advised by the Majority Lenders that the Adjusted LIBO Rate or LIBO Rate, as applicable, for such
Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; 

then the Global Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone, electronic mail or telecopy as promptly as
practicable thereafter and, until the Global Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any
Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective, and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

Section 3.04 Prepayments. 

(a) Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in
part, subject to prior notice in accordance with Section 3.04(b). 
 (b) Notice and Terms of Optional Prepayment. The Borrower
shall notify the Global Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by electronic mail or telecopy) of any prepayment hereunder (i) in the case of prepayment of a
Eurodollar Borrowing, not later than 12:00 noon, Chicago time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing or Swingline Loan, not later than 12:00 noon, Chicago time, one Business Day
before 

  
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the date of prepayment. Each such notice shall be irrevocable and shall specify the Borrowing to be prepaid, the prepayment date and the principal amount of each Borrowing or portion thereof to
be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.06(b), then such notice of prepayment may be revoked if such notice of
termination is revoked in accordance with Section 2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Global Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any
Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. The Global Administrative Agent shall apply each prepayment of a Borrowing ratably to the Loans
included in the Borrowing specified in the Borrower’s notice of prepayment. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02. 

(c) Mandatory Prepayments. Subject to Section 3.04(d) below, the Borrower shall be required to prepay the Borrowings hereunder and
shall be required to cause QRCI to prepay the Canadian Borrowings in accordance with the following, to the extent QRCI does not otherwise make such prepayment in accordance with the Canadian Credit Agreement: 

(i) If, after giving effect to any termination or reduction of the Aggregate Maximum Credit Amounts pursuant to
Section 2.06(b), the total Revolving Credit Exposures exceeds the total Commitments, then the Borrower shall (A) prepay the Borrowings on the date of such termination or reduction in an aggregate principal amount equal to such excess, and
(B) if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Global Administrative Agent on behalf of the Lenders an amount equal to such excess to be held as cash collateral as provided in
Section 2.08(j). 
 (ii) Upon any redetermination of or adjustment to the amount of the Global Borrowing Base in
accordance with Section 2.07, Section 8.12(c) or Section 9.10 (solely as a result of a Casualty Event), if the total Combined Credit Exposures exceeds the redetermined or adjusted Global Borrowing Base or the Revolving Credit
Exposures exceeds the redetermined or adjusted U.S. Borrowing Base, then the Borrower shall, at its option, either (A) make (or cause to be made) a single payment of principal in an amount equal to such Global Borrowing Base Deficiency or U.S.
Borrowing Base Deficiency, as applicable, and, if any Global Borrowing Base Deficiency or U.S. Borrowing Base Deficiency remains after prepaying all of the Borrowings and Canadian Borrowings as a result of an LC Exposure, pay to the Global
Administrative Agent on behalf of the Lenders an amount equal to such remaining excess to be held as cash collateral as provided in Section 2.08(j), in each case, within thirty (30) days following its receipt of the New Borrowing Base
Notice in accordance with Section 2.07(d) or the date the adjustment occurs (the “Deficiency Notification Date”), (B) make (or cause to be made) six payments of principal each of which shall be in an amount equal to
one-sixth (1/6th) of such Global Borrowing Base Deficiency (or if a U.S. Borrowing Base Deficiency exists, but not a Global Borrowing Base Deficiency, one-sixth (1/6th) of the amount of
such U.S. Borrowing Base Deficiency) commencing on the 15th day of a calendar month that is at least thirty (30) days following the Deficiency Notification Date and on the 15th day of each of the five calendar months thereafter, (C) within
forty-five (45) days 

  
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following the Deficiency Notification Date, submit (and pledge as Collateral) additional Oil and Gas Properties owned by the Borrower or any of its Restricted Subsidiaries which are or shall
become a Guarantor contemporaneously with such submission pursuant to Section 8.13 for consideration in connection with the determination of the Global Borrowing Base and U.S. Borrowing Base which the Global Administrative Agent and the
Required Lenders (or Required U.S. Lenders, if applicable) deem satisfactory, in their sole discretion, to eliminate such Global Borrowing Base Deficiency and/or U.S. Borrowing Base Deficiency, (D) within fifteen (15) days following the
Deficiency Notification Date, in the case of a U.S. Borrowing Base Deficiency, reallocate the U.S. Borrowing Base under Section 2.07(e) to the Allocated U.S. Borrowing Base in amount not less than such U.S. Borrowing Base Deficiency or
(E) within fifteen (15), thirty (30) or forty-five (45) days following the Deficiency Notification Date, as applicable, eliminate such Global Borrowing Base Deficiency and/or U.S Borrowing Base Deficiency through a combination of a
payment, submission of additional Oil and Gas Properties and/or reallocation of the U.S. Borrowing Base as set forth in clauses (A), (C) or (D) above; provided that all payments required to be made pursuant to this
Section 3.04(c)(ii) must be made on or prior to the Termination Date. Not later than 15 days following the Deficiency Notification Date, the Borrower shall provide written notice to the Global Administrative Agent setting forth its election
pursuant to the immediately preceding sentence. 
 (iii) Upon any adjustments to the Global Borrowing Base and/or the U.S.
Borrowing Base pursuant to Section 9.02(n) or Section 9.10 (other than adjustments resulting directly from Casualty Events), if the total Combined Credit Exposures exceeds the Global Borrowing Base or the Revolving Credit Exposures exceeds
the U.S. Borrowing Base as adjusted, then the Borrower shall (A) prepay the Borrowings in an aggregate principal amount equal to such Global Borrowing Base Deficiency or U.S. Borrowing Base Deficiency, as applicable, and (B) if any excess
remains after prepaying all of the Borrowings and Canadian Borrowings as a result of an LC Exposure, pay to the Global Administrative Agent on behalf of the Lenders an amount equal to such excess to be held as cash collateral as provided in
Section 2.08(j). The Borrower shall be obligated to make such prepayment and/or deposit of cash collateral (x) within thirty (30) days following the effective date of any such adjustment to the Global Borrowing Base and/or the U.S.
Borrowing Base under Section 9.02(n) or (y) prior to or contemporaneously with such adjustment to the Global Borrowing Base and/or the U.S. Borrowing Base under Section 9.10 (other than adjustments resulting directly from Casualty
Events); provided that all payments required to be made pursuant to this Section 3.04(c)(iii) must be made on or prior to the Termination Date. 

(iv) Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied, first, ratably to any ABR Borrowings
then outstanding, and, second, to any Eurodollar Borrowings then outstanding, and if more than one Eurodollar Borrowing is then outstanding, to each such Eurodollar Borrowing in order of priority beginning with the Eurodollar Borrowing with the
highest interest rate applicable thereto and ending with the Eurodollar Borrowing with the lowest interest rate applicable thereto. 

(v) Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied ratably to the Loans included in the
prepaid Borrowings. Prepayments pursuant to this Section 3.04(c) shall be accompanied by accrued interest to the extent required by Section 3.02. 

  
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 (d) No Premium or Penalty. Prepayments permitted or required under this Section 3.04
shall be without premium or penalty, except as required under Section 5.02. 
 Section 3.05 Fees. 

(a) Commitment Fees. The Borrower agrees to pay to the Global Administrative Agent for the account of each Lender (other than a
Defaulting Lender to the extent set forth in Section 2.11) a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused Commitment of such Lender during the period from and including the
Effective Date to but excluding the Termination Date. Accrued commitment fees shall be payable in arrears on the third Business Day following the last day of March, June, September and December of each year and on the Termination Date, commencing on
the first such date to occur after the Effective Date. All commitment fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a
year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(b) Letter of Credit Fees. The Borrower agrees to pay (i) to the Global Administrative Agent for the account of each Lender (other
than a Defaulting Lender to the extent set forth in Section 2.11) a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine the interest rate applicable to
Eurodollar Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements which has been funded by such Lender) during the period from and including the Effective Date
to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure, (ii) to each Issuing Bank a fronting fee, which shall accrue at the rate per annum agreed
to with such Issuing Bank on the average daily amount of that portion of the LC Exposure attributable to such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure attributable to such Issuing Bank, provided that (x) if the expiration date of the Letter of
Credit is less than one year after its date of issuance and the aggregate fronting fee otherwise payable through its expiration would be less than $500, then the Borrower shall pay to such Issuing Bank $500 upon the issuance of such Letter of Credit
in lieu of the fronting fee otherwise payable and (y) no fronting fee shall be payable with respect to any Grandfathered Letters of Credit on the Effective Date or thereafter, until and unless such Grandfathered Letter of Credit is extended,
renewed or reissued hereunder, and (iii) to each Issuing Bank, for its own account, its standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees
and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable in arrears on the third Business Day following such last 

  
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day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the Termination Date and any such fees accruing after the
Termination Date shall be payable on demand. Any other fees payable to an Issuing Bank pursuant to this Section 3.05(b) shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a
year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). 
 (c) Global Administrative Agent Fees. The Borrower agrees to pay to the
Global Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Global Administrative Agent. 

ARTICLE 4 

PAYMENTS; PRO RATA TREATMENT; SHARING OF
SET-OFFS 
 Section 4.01 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) Payments by the Borrower. The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest,
fees or reimbursement of LC Disbursements, or of amounts payable under Section 5.01, Section 5.02, Section 5.03 or otherwise) prior to 2:00 p.m., Chicago time, on the date when due (for purposes of computing interest and fees, each
such payment made after such time on such due date to be deemed to have been made on the next succeeding Business Day), in immediately available funds, without defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully
earned and shall not be refundable under any circumstances, absent manifest error. Any amounts received after such time on any date may, in the discretion of the Global Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments shall be made to the Global Administrative Agent at its offices specified in Section 12.01, except payments to be made directly to an Issuing Bank as expressly
provided herein and except that payments pursuant to Section 5.01, Section 5.02, Section 5.03 and Section 12.03 shall be made directly to the Persons entitled thereto. The Global Administrative Agent shall distribute any such
payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the
next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars. 

(b) Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Global Administrative
Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

  
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 (c) Sharing of Payments by Lenders. If any Lender shall, by exercising any right of
set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans, participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the
aggregate amount of its Loans, participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Loans, participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate
amount of principal of and accrued interest on their respective Loans, participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this Section 4.01(c) shall not be construed to apply to any payment
made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans, participations in LC Disbursements
or Swingline Loans to any assignee or Participant, other than to the Borrower or any Restricted Subsidiary or Affiliate thereof (as to which the provisions of this Section 4.01(c) shall apply). The Borrower consents to the foregoing and agrees,
to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
 Section 4.02 Presumption of
Payment by the Borrower. Unless the Global Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Global Administrative Agent for the account of the Lenders or any Issuing Bank that
the Borrower will not make such payment, the Global Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or such Issuing
Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or such Issuing Bank, as the case may be, severally agrees to repay to the Global Administrative Agent forthwith on
demand the amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Global Administrative Agent, at the
greater of the Federal Funds Effective Rate and a rate determined by the Global Administrative Agent in accordance with banking industry rules on interbank compensation. 

Section 4.03 Certain Deductions by the Global Administrative Agent. If any Lender shall fail to make any payment required to be
made by it hereunder, pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e) or Section 4.02 or otherwise, then the Global Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply
any amounts thereafter received by the Global Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

  
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 Section 4.04 Disposition of Proceeds. The Security Instruments contain an assignment
by the Borrower and/or the Guarantors unto and in favor of the Global Administrative Agent for the benefit of the Secured Parties of all of the Borrower’s or each Guarantor’s interest in and to production and all proceeds attributable
thereto which may be produced from or allocated to the Mortgaged Property. The Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Secured Indebtedness and other obligations described
therein and secured thereby. Notwithstanding anything to the contrary contained in the Security Instruments, until the occurrence of an Event of Default, Section 4.05 the Global Administrative Agent and the Lenders agree that they will neither
notify the purchaser or purchasers of production from or allocated to the Mortgaged Property nor take any other action to cause the proceeds thereof to be remitted to the Global Administrative Agent or the Lenders, but the Lenders will instead
permit such proceeds to be paid to the Borrower and its Restricted Subsidiaries and Section 4.06 the Lenders hereby authorize the Global Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the
Borrower and/or such Restricted Subsidiaries. 
 ARTICLE 5 

INCREASED COSTS; BREAK FUNDING PAYMENTS; PAYMENTS;
TAXES; ILLEGALITY 
 Section 5.01 Increased Costs. 

(a) Changes in Law. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); or 

(ii) impose on any Lender or the London interbank market any other condition affecting this Agreement or Eurodollar Loans made
by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of
maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender (whether of principal, interest or otherwise, but not including Excluded Taxes), then the Borrower will pay to such Lender
such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 
 (b) Capital
Requirements. If any Lender or any Issuing Bank determines that any Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the
capital of such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing
Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing
Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy), then 

  
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from time to time the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) Certificates. A certificate of a
Lender or any Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in Section 5.01(a) or (b) shall be delivered to the Borrower
and shall be conclusive absent manifest error. The Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate within 30 days after receipt thereof. 

(d) Effect of Failure or Delay in Requesting Compensation. Failure or delay on the part of any Lender or any Issuing Bank to demand
compensation pursuant to this Section 5.01 shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or an
Issuing Bank pursuant to this Section 5.01 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to
such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive,
then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 
 Section 5.02
Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion
of any Eurodollar Loan into an ABR Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow as a result of a failure to satisfy the conditions set forth in Section 6.02, any Eurodollar Loan on
the date specified in any notice delivered pursuant hereto, or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to
Section 5.04(a), then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event (exclusive of any lost profits or opportunity costs or processing or other related fees). In the case
of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan
had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow,
convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it
to bid, at the commencement of such period, for Dollar deposits of a comparable amount and period from other banks in the eurodollar market. 

A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 5.02
shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 Business Days after receipt thereof. 

  
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 Section 5.03 Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower or any Guarantor under any Loan
Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower or any Guarantor shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 5.03(a)), the Global Administrative Agent, Lender or Issuing
Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower or such Guarantor shall make such deductions and (iii) the Borrower or such Guarantor shall pay the
full amount deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b) Payment of Other Taxes by the
Borrower. The Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c)
Indemnification by the Borrower. The Borrower shall indemnify the Global Administrative Agent, each Lender and each Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid
by the Global Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted
on or attributable to amounts payable under this Section 5.03) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority; provided that the Borrower shall not be required to indemnify the Global Administrative Agent, any Lender or any Issuing Bank for any amounts under this Section 5.03(c) to the extent
that such Person fails to notify the Borrower of its intent to make a claim for indemnification under this Section 5.03(c) within 180 days after a claim is asserted against such Person by the relevant Governmental Authority. A certificate of
the Global Administrative Agent, a Lender or an Issuing Bank as to the amount of such payment or liability under this Section 5.03, together with, to the extent available, reasonable supporting documentation relating to such payment or
liability, shall be delivered to the Borrower and shall be conclusive absent manifest error. 
 (d) Evidence of Payments. As soon as
practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Global Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Global Administrative Agent. 

(e) Status of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to
payments made under any Loan Document shall deliver to the Borrower and the Global Administrative Agent, at the time or times reasonably 

  
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requested by the Borrower or the Global Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Global Administrative Agent as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Global Administrative Agent, shall deliver such other documentation prescribed by
applicable law or reasonably requested by the Borrower or the Global Administrative Agent as will enable the Borrower or the Global Administrative Agent to determine whether or not such Lender is subject to backup withholding or information
reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 5.03(e)(ii)(A), (ii)(B) and
(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial
position of such Lender. 
 (ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Global Administrative Agent on or prior to the date
on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Global Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt
from U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to the Borrower and the Global Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time
thereafter upon the reasonable request of the Borrower or the Global Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax
treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“business profits” or “other income” article of such tax treaty; 
 (2) executed originals of IRS Form
W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent
shareholder” of the Borrower 

  
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within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance
Certificate”) and (y) executed originals of IRS Form W-8BEN; or 
 (4)
to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form
W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest
exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner; 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Global
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
Borrower or the Global Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable law to permit the Borrower or the Global Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Global Administrative
Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Global Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by the Borrower or the Global Administrative Agent as may be necessary for the Borrower and the Global Administrative Agent to comply with their obligations under FATCA and to
determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made
to FATCA after the date of this Agreement. 

  
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 Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or
inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Global Administrative Agent in writing of its legal inability to do so. 

(f) Each Lender shall severally indemnify the Global Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified
Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Global Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 12.04(c) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or
paid by the Global Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Global Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Global Administrative Agent to set off and
apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Global Administrative Agent to the Lender from any other source against any amount due to the Global Administrative Agent under this
paragraph (f). 
 (g) Tax Refunds. If the Global Administrative Agent or a Lender determines, in its sole discretion, that it has
received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to Section 5.03, it shall pay over such refund to the
Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under Section 5.03 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of
the Global Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of the Global Administrative
Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Global Administrative Agent or such Lender in the event the Global
Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section 5.03(g) shall not be construed to require the Global Administrative Agent or any Lender to make available its tax returns (or any
other information relating to its taxes which it deems confidential) to the Borrower or any other Person. 
 Section 5.04 Mitigation
Obligations; Replacement of Lenders. 
 (a) Designation of Different Lending Office. If any Lender requests compensation under
Section 5.01, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, then such Lender shall use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 5.01 or Section 5.03, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense


  
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and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender solely as a result of such designation or
assignment. 
 (b) Replacement of Lenders. If (i) any Lender requests compensation under Section 5.01, or (ii) the
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, or (iii) any Lender is a Defaulting Lender, or (iv) any Lender has asserted that any
adoption or change of the type described in Section 5.05 has occurred, or (v) any Lender fails to approve an amendment, waiver or other modification to this Agreement and at least the Required Lenders have approved such amendment, waiver
or other modification, or (vi) any Lender fails to approve an increase of the Borrowing Base and at least the Required Lenders have approved such increase, then the Borrower may, at its sole expense and effort, upon notice to such Lender and
the Global Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 12.04(b)), all its interests, rights and obligations under this Agreement to
an assignee that shall (A) assume such obligations and (B) in the case of clauses (v) and (vi), consent to such amendment, waiver, modification, increase, decrease or reaffirmation (which assignee may be another Lender, if a Lender
accepts such assignment); provided that 1 if such assignee is not a Lender, the Borrower shall have received the prior written consent of the Global Administrative Agent, which consent shall not unreasonably be withheld, 2 such Lender shall
have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and 3 in the case of any such assignment resulting from a claim for compensation under Section 5.01 or payments required to be made pursuant
to Section 5.03, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 Section 5.05 Illegality.
Notwithstanding any other provision of this Agreement: 
 (a) In the event that it becomes unlawful for any Lender or its applicable lending
office to honor its obligation to make or maintain Eurodollar Loans either generally or having a particular Interest Period hereunder, then (i) such Lender shall promptly notify the Borrower and the Global Administrative Agent thereof and such
Lender’s obligation to make such Eurodollar Loans shall be suspended (the “Affected Loans”) until such time as such Lender may again make and maintain such Eurodollar Loans and (ii) all Affected Loans which would otherwise
be made by such Lender shall be made instead as ABR Loans (and, if such Lender so requests by notice to the Borrower and the Global Administrative Agent, all Affected Loans of such Lender then outstanding shall be automatically converted into ABR
Loans on the date specified by such Lender in such notice) and, to the extent that Affected Loans are so made as (or converted into) ABR Loans, all payments of principal which would otherwise be applied to such Lender’s Affected Loans shall be
applied instead to its ABR Loans; and 

  
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 (b) If it becomes unlawful for any Lender or its applicable lending office to honor its
obligation to make any Loans to the Borrower, then such Lender shall promptly notify the Borrower and the Global Administrative Agent thereof and such Lender’s obligation to make Loans shall be suspended until such time as such Lender may again
make and maintain Loans to the Borrower. The Borrower shall have no obligation to pay to such Lender the commitment fee described in Section 3.05(a) that would otherwise accrue during such period of suspension. 

ARTICLE 6 

CONDITIONS PRECEDENT 

Section 6.01 Effective Date. The obligations of the Lenders to amend and restate the Existing Credit Agreement shall not become
effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 12.02): 
 (a)
The Global Administrative Agent, the Joint Lead Arrangers and the Lenders shall have received all commitment, facility and agency fees and all other fees and amounts due and payable on or prior to the Effective Date, including, to the extent
invoiced at least one (1) Business Day prior to such date, reimbursement or payment of all out-of-pocket expenses for which invoices have been presented required to be reimbursed or paid by the Borrower hereunder (including, without limitation,
the fees and expenses of legal counsel to the Global Administrative Agent). 
 (b) The Global Administrative Agent shall have received a
certificate of the secretary or an assistant secretary of the Borrower and of each Guarantor dated as of the Effective Date setting forth (i) resolutions of its board of directors (or comparable governing body) with respect to the authorization
of the Borrower or such Guarantor to execute and deliver the Loan Documents to which the Borrower or such Guarantor is a party and to enter into the transactions contemplated in those documents, (ii) (A) the officers of the Borrower or
such Guarantor who are authorized to sign the Loan Documents to which the Borrower or such Guarantor is a party and specimen signatures of such authorized officers or (B) that no change has occurred in the incumbency of the officers of the
Borrower or such Guarantor who are authorized to sign the Loan Documents to which the Borrower or such Guarantor is a party since September 6, 2011 and (iii) (A) the articles or certificate of incorporation and bylaws (or comparable
organizational documents) of the Borrower and such Guarantor or (B) that there has been no amendment or other change to the articles or certificate of incorporation and bylaws (or comparable organizational documents) of the Borrower and such
Guarantor since September 6, 2011. The Global Administrative Agent and the Lenders may conclusively rely on such certificate until the Global Administrative Agent receives notice in writing from the Borrower to the contrary. 

(c) The Global Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Global
Administrative Agent) of this Agreement signed on behalf of such party. 
 (d) The Global Administrative Agent shall have received from each
party thereto duly executed counterparts (in such number as may be requested by the Global Administrative Agent) of the Security Instruments and any amendments to existing Security Instruments, in each case, as described on Exhibit E-1. 

  
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 (e) The Global Administrative Agent shall have received a copy of the executed Canadian Credit
Agreement and any other Canadian Loan Documents which it reasonably requests. 
 (f) The Global Administrative Agent shall have received
evidence reasonably satisfactory to it that any consent or approval of, registration or filing with, or any other action by, any Governmental Authority or any other third Person necessary in connection with the Transactions shall have been obtained
and are in full force and effect other than those third party approvals or consents that, if not made or obtained, would not reasonably be expected to have a Material Adverse Effect. 

(g) The Global Administrative Agent shall have received an opinion of (i) Davis Polk & Wardwell LLP, special counsel to the
Borrower, and (ii) General Counsel of the Borrower, each dated the Effective Date and in form and substance reasonably satisfactory to the Global Administrative Agent. The Borrower hereby requests Davis Polk & Wardwell LLP to deliver
such opinions. 
 (h) The Global Administrative Agent shall have received a certificate of insurance coverage of the Borrower and its
Restricted Subsidiaries evidencing that the Borrower and its Restricted Subsidiaries are carrying insurance in accordance with 7.12. 
 (i)
The Global Administrative Agent shall have received a certificate, signed by a Responsible Officer of the Borrower, stating that no event or condition has occurred since December 31, 2010, which would reasonably be expected to have a Material
Adverse Effect. 
 (j) At the time of and immediately after giving effect to the amendment and restatement of the Existing Credit Agreement,
no Default shall have occurred and be continuing. 
 (k) The representations and warranties of the Borrower and the Guarantors set forth in
this Agreement and in the other Loan Documents shall be true and correct in all material respects on and as of the date of the amendment and restatement of the Existing Credit Agreement, except that (i) to the extent any such representations
and warranties are expressly limited to an earlier date, in which case, on and as of the date of such amendment and restatement of the Existing Credit Agreement, such representations and warranties shall continue to be true and correct in all
material respects as of such specified earlier date and (ii) to the extent that any such representation and warranty is qualified by materiality, such representation and warranty (as so qualified) shall continue to be true and correct in all
respects. 
 Without limiting the generality of the provisions of Section 11.04, for purposes of determining compliance with the
conditions specified in this Section 6.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required under this Section 6.01 to be
consented to or approved by or acceptable or satisfactory to a Lender unless the Global Administrative Agent shall have received notice from such Lender prior to the Effective Date specifying its objection thereto. All documents executed or
submitted pursuant to this Section 6.01 by and on behalf of the Borrower or any of the Guarantors shall be in form and substance reasonably satisfactory to the Global Administrative Agent and its counsel. The obligations of the Lenders to make
Loans and of any Issuing Bank to issue Letters of Credit hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to 

  
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Section 12.02) at or prior to 2:00 p.m., Chicago time, on December 31, 2011 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such
time). The Global Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. 

Section 6.02 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (including the
initial funding) (excluding any Loan made pursuant to Section 2.08(e)), of the Swingline Lender to make a Swingline Loan and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the
following conditions: 
 (a) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or
extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing. 
 (b) At the time of and immediately
after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no event or events, which alone or in the aggregate would reasonably be expected to have a Material Adverse Effect shall
have occurred. 
 (c) The representations and warranties of the Borrower and the Guarantors set forth in this Agreement and in the other
Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except that (i) to the extent any such
representations and warranties are expressly limited to an earlier date, in which case, on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, such representations
and warranties shall continue to be true and correct in all material respects as of such specified earlier date and (ii) to the extent that any such representation and warranty is qualified by materiality, such representation and warranty (as
so qualified) shall continue to be true and correct in all respects. 
 (d) The pro forma total Revolving Credit Exposures (after giving
effect to the requested Borrowing or the issuance of the requested Letter of Credit (or any amendment, renewal or extension of any Letter of Credit that increases the LC Exposure)) shall not exceed the aggregate Commitments. 

(e) The receipt by the Global Administrative Agent of a Borrowing Request in accordance with Section 2.03 or a request for a Letter of
Credit (or an amendment, extension or renewal of a Letter of Credit) in accordance with Section 2.08(b), as applicable. 
 Each
Borrowing (excluding any Loan made pursuant to Section 2.08(e)) and each issuance, amendment, renewal or extension of any Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the
matters specified in Section 6.02(a) through (d). 

  
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 ARTICLE 7 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders that: 

Section 7.01 Organization; Powers. Each of the Borrower and the Restricted Subsidiaries is duly organized, validly existing and in
good standing under the laws of the jurisdiction of its organization, has all requisite power and authority, and has all material governmental licenses, authorizations, consents and approvals necessary, to own its assets and to carry on its business
as now conducted, and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to be in good standing or have such power, authority, licenses, authorizations, consents,
approvals and qualifications would not reasonably be expected to have a Material Adverse Effect. 
 Section 7.02 Authority;
Enforceability. The Transactions are within the Borrower’s and each Restricted Subsidiary’s corporate, partnership or limited liability company powers and have been duly authorized by all necessary corporate, partnership or limited
liability company and, if required, stockholder, partner or member action. Each Loan Document and each Canadian Loan Document to which the Borrower and each Restricted Subsidiary is a party has been duly executed and delivered by the Borrower and
such Restricted Subsidiary and constitutes a legal, valid and binding obligation of the Borrower and such Restricted Subsidiary, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
fraudulent transfer or conveyance, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law and an implied covenant of good
faith and fair dealing. 
 Section 7.03 Approvals; No Conflicts. The Transactions: 

(a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority or any other
third Person, nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan Document or any Canadian Loan Document or the consummation of the transactions contemplated thereby,
except such as have been obtained or made and are in full force and effect other than (i) the recording and filing of the Security Instruments or the Canadian Security Instruments as required by this Agreement or the Canadian Credit Agreement
and (ii) those approvals or consents that, if not made or obtained, would not reasonably be expected to have a Material Adverse Effect; 

(b) will not violate (i) the charter, by-laws or other organizational documents of the Borrower or any Restricted Subsidiary or
(ii) any applicable Governmental Requirement or any order of any Governmental Authority applicable to or binding upon the Borrower or any Restricted Subsidiary (including, without limitation, FCPA and OFAC, if applicable), except in the case of
clause (ii), violations that would not reasonably be expected to have a Material Adverse Effect; 
 (c) will not violate or result in a
default under the Canadian Credit Agreement or any indenture, agreement or other instrument pursuant to which any Material Debt is outstanding, in each case, binding upon the Borrower or any Restricted Subsidiary or their Properties, or give rise to
a right thereunder to require any payment to be made by the Borrower or any Restricted Subsidiary, except violations that would not reasonably be expected to have a Material Adverse Effect; and 

(d) will not result in the creation or imposition of any Lien on any Oil and Gas Property of the Borrower or any Restricted Subsidiary (other
than the Liens created or permitted by the Loan Documents and the Canadian Loan Documents). 

  
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 Section 7.04 Financial Condition; No Material Adverse Effect. (a) The financial
statements the Borrower has furnished to the Global Administrative Agent pursuant to Section 6.01(l) of the Existing Credit Agreement present fairly, in all material respects, the financial position and results of operations and cash flows of
the Borrower and its Consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP (subject, in the case of unaudited financial statements, to year end audit adjustments and the absence of footnotes). 

(b) Since December 31, 2010, there has been no event or events, which alone or in the aggregate would reasonably be expected to have, a
Material Adverse Effect. 
 Section 7.05 Litigation. Except as disclosed in the Borrower’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2010, there are no actions, suits, investigations or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the
Borrower or any Restricted Subsidiary that (a) would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (b) involve any Loan Document, any Canadian Loan Document or the Transactions. 

Section 7.06 Environmental Matters. Except as disclosed in the Borrower’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2010, or as would not be reasonably expected to have a Material Adverse Effect: 
 (a) neither any Oil and Gas
Property of the Borrower or any Restricted Subsidiary nor the operations conducted by the Borrower or any Restricted Subsidiary thereon, and, to the knowledge of the Borrower, no operations of any prior owner, lessee, or operator of any such
properties (i) is in violation of any order or requirement relating to Environmental Laws of any court or Governmental Authority or any Environmental Laws or (ii) to the knowledge of Borrower, has been in violation of any order or
requirement relating to Environmental Laws of any court or Governmental Authority or any Environmental Laws; 
 (b) neither the Borrower nor
any Restricted Subsidiary nor any Oil and Gas Property of the Borrower or any Restricted Subsidiary nor the operations currently conducted thereon or, to the knowledge of the Borrower, conducted thereon by any prior owner or operator of such Oil and
Gas Property or operation, are subject to any existing, pending or, to the Borrower’s knowledge, threatened Environmental Complaint; 

(c) all notices, permits, licenses, exemptions, approvals or similar authorizations, if any, required by Environmental Laws to be obtained or
filed in connection with the operation or use of any and all Oil and Gas Property of the Borrower and each Restricted Subsidiary, including, without limitation, any past or present treatment, storage, disposal or release into the environment of a
Hazardous Material, have been duly obtained or filed, and the Borrower and each Restricted Subsidiary are in compliance with the terms and conditions of all such notices, permits, licenses and similar authorizations; 

  
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 (d) all Hazardous Materials, if any, generated at any and all Oil and Gas Property of the
Borrower or any Restricted Subsidiary by the Borrower or any Restricted Subsidiary in the past have been transported, treated and disposed of in accordance with Environmental Laws and, to the knowledge of the Borrower, do not pose an imminent and
substantial endangerment to public health or welfare or the environment, and, to the knowledge of the Borrower, in connection with such transport, treatment and disposal, all such transport carriers and treatment and disposal facilities have been
and are operating in compliance with Environmental Laws, do not pose an imminent and substantial endangerment to public health or welfare or the environment and are not the subject of any existing, pending or threatened action, investigation or
inquiry by any Governmental Authority in connection with any Environmental Laws; 
 (e) to the Borrower’s knowledge, there has been no
Hazardous Discharge on or to any Oil and Gas Property of the Borrower or any Restricted Subsidiary, in each case, except in compliance with Environmental Laws and so as not to pose an imminent and substantial endangerment to public health or welfare
or the environment; and 
 (f) to the Borrower’s knowledge, neither the Borrower nor any Restricted Subsidiary has any contingent
liability under Environmental Law in connection with any Hazardous Discharge. 
 Section 7.07 Compliance with the Laws and
Agreements. Each of the Borrower and its Restricted Subsidiaries is in compliance with all Governmental Requirements applicable to it or its Oil and Gas Properties (including, without limitation, FCPA and OFAC) and all agreements and other
instruments binding upon it or its Oil and Gas Properties, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Oil and Gas Properties and the conduct of its
business, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

Section 7.08 Investment Company Act. Neither the Borrower nor any Restricted Subsidiary is required to register as an
“investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 Section 7.09 Taxes. Each
of the Borrower and its Restricted Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed (or obtained extensions with respect thereto) and has paid or caused to be paid all Taxes and all
remittances required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or such Restricted Subsidiary, as applicable, has set aside on its books adequate
reserves in accordance with GAAP or (b) to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse Effect. No action to enforce any Tax Lien has been commenced. 

Section 7.10 Disclosure; No Material Misstatements. Taken as a whole, none of the reports, financial statements, certificates or
other written information (other than projections) furnished by or on behalf of the Borrower or any Restricted Subsidiary to the Global Administrative Agent or any Lender or any of their Affiliates in connection with the negotiation of this
Agreement or any other Loan Document or the Canadian Credit Agreement or any other 

  
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Canadian Loan Document or delivered hereunder or under any other Loan Document or the Canadian Credit Agreement or any other Canadian Loan Document (as modified or supplemented by other
information so furnished), when furnished (and, with respect to any such information delivered to the Global Administrative Agent or any Lender or any of their Affiliates prior to the Effective Date, on the Effective Date), contains any material
misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading (other than omissions that pertain to matters of a general
economic nature or matters of public knowledge that generally affect any of the industry segments of the Borrower or its Subsidiaries); provided that, with respect to projected financial information, prospect information, geological and
geophysical data and engineering projections, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time, recognizing that (a) there are industry-wide risks
normally associated with the types of business conducted by the Borrower and its Restricted Subsidiaries and (b) projections concerning volumes attributable to the Oil and Gas Properties of the Borrower and its Restricted Subsidiaries and
production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Borrower and the Restricted Subsidiaries do not warrant that such opinions, estimates and
projections will ultimately prove to have been accurate. 
 Section 7.11 Subsidiaries. Schedule 7.11 lists the name,
jurisdiction of organization and organizational identification number of each Subsidiary of the Borrower as of the Effective Date and identifies each such Subsidiary as either a Restricted or Unrestricted Subsidiary. 

Section 7.12 Insurance. All insurance reasonably necessary in the Borrower’s and its Restricted Subsidiaries’ ordinary
course of business is in effect and all premiums due on such insurance have been paid. Schedule 7.12 sets forth a list of all such insurance policies maintained by the Borrower and its Restricted Subsidiaries as of the Effective Date. 

Section 7.13 Location of Business and Offices. As of the Effective Date, the Borrower’s jurisdiction of organization is
Delaware; the name of the Borrower as listed in the public records of its jurisdiction of organization is Quicksilver Resources Inc.; and the organizational identification number of the Borrower in its jurisdiction of organization is 75-2756163. As
of the Effective Date, each Restricted Subsidiary’s jurisdiction of organization, name as listed in the public records of its jurisdiction of organization, organizational identification number in its jurisdiction of organization, and the
location of its principal place of business and chief executive office is stated on Schedule 7.11. 
 Section 7.14 Properties;
Title, Etc. Except as would not have a Material Adverse Effect and provided that no representation or warranty is made with respect to any Oil and Gas Property or interest to which no proved oil or gas reserves are properly attributed: 

(a) Each of the Borrower and the Restricted Subsidiaries has good and defensible title to the material Oil and Gas Properties evaluated in the
Reserve Reports used in the most recent determination of the Global Borrowing Base and good title to all its personal Properties that are necessary to permit the Borrower and the Restricted Subsidiaries to conduct their business in all material
respects in the same manner as its business has been conducted prior to the date hereof, in each case, subject to Immaterial Title Deficiencies and free and clear of all Liens except Liens 

  
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permitted by Section 9.03 (subject to the penultimate sentence thereof). Subject to Immaterial Title Deficiencies and after giving full effect to Liens permitted by Section 9.03
(subject to the penultimate sentence thereof), the Borrower or the Restricted Subsidiary specified as the owner owns the net interests in production attributable to the Hydrocarbon Interests as reflected in the most recently delivered Reserve
Reports. The ownership of such Oil and Gas Properties shall not obligate the Borrower or such Restricted Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of each such Oil and Gas Property in an amount
materially in excess of the working interest of each Oil and Gas Property set forth in the most recently delivered Reserve Reports that is not offset by a corresponding proportionate increase in the Borrower’s or such Restricted
Subsidiary’s net revenue interest in such Oil and Gas Property; provided that the Borrower or any applicable Restricted Subsidiary shall have the right or obligation to bear costs disproportionate to the Borrower’s or such
Restricted Subsidiary’s working interest with respect to any Hydrocarbon Interest for a period of time in order to earn, or in connection with the acquisition of, an interest in such Hydrocarbon Interest as evidenced by written agreement. 

(b) All material leases and agreements necessary for the conduct of the business of the Borrower and the Restricted Subsidiaries are valid and
subsisting, in full force and effect, and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or leases. 

(c) The rights and Properties presently owned, leased or licensed by the Borrower and the Restricted Subsidiaries, including, without
limitation, all easements and rights of way, include all rights and Properties necessary to permit the Borrower and the Restricted Subsidiaries to conduct their business in the same manner as its business has been conducted prior to the date hereof.

 (d) The Borrower and each Restricted Subsidiary owns, or is licensed to use, (i) all trademarks, tradenames, copyrights, patents and
other intellectual Property material to its business, and the use thereof by the Borrower and such Restricted Subsidiary does not infringe upon the rights of any other Person and (ii) all databases, geological data, geophysical data,
engineering data, seismic data, maps, interpretations and other technical information the use of which is material to their businesses as presently conducted, subject to the limitations contained in the agreements governing the use of the same,
which limitations are customary for companies engaged in the business of the exploration and production of Hydrocarbons. 

Section 7.15 Federal Reserve Regulations. The Borrower and its Restricted Subsidiaries are not engaged principally, or as one of
its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds
of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board. 

Section 7.16 Compliance with Benefit Plans; ERISA. 

(a) As of the date hereof, neither the Borrower nor any Subsidiary nor any ERISA Affiliate of the Borrower or any Subsidiary maintains
sponsors, or contributes to (or has at any 

  
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time in the six-year period preceding the date hereof, maintained, sponsored, or contributed to) any Pension Plan or Multiemployer Plan. Except in such instances where an action, omission or
failure would not reasonably be expected to have a Material Adverse Effect, each Plan maintained by the Borrower or any Restricted Subsidiary or any ERISA Affiliate of the Borrower or any Restricted Subsidiary is in compliance with the terms of such
Plan and the applicable provisions of ERISA and the Code with respect to each Plan. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected
to occur, would reasonably be expected to result in a Material Adverse Effect. Except in such instances where an action, omission, or failure would not reasonably be expected to have a Material Adverse Effect, (i) each Plan that is intended to
be “qualified” within the meaning of Section 401(a) of the Code is, and has been during the period from its adoption to date, so qualified, both as to form and operation, and all necessary governmental approvals, including a favorable
determination as to the qualification under the Code of such Plan and each amendment thereto, have been or will be timely obtained, and (ii) the actuarial present value of the benefit liabilities (within the meaning of section 4041 of ERISA)
under each Plan which is subject to Title IV of ERISA does not, as of the end of the most recently ended fiscal year, exceed the current value of the assets (computed on a plan termination basis in accordance with Title IV of ERISA) of such Plan
allocable to such benefit liabilities. Neither the Borrower nor any Restricted Subsidiary nor any ERISA Affiliate of the Borrower or any Restricted Subsidiary maintains or contributes to any Plan that provides a post-employment health benefit, other
than a benefit required under Section 601 of ERISA, or maintains or contributes to a Plan that provides health benefits that is not fully funded except where the failure to fully fund such Plan would not reasonably be expected to have a
Material Adverse Effect. As of the date hereof, neither the Borrower nor any Restricted Subsidiary nor any ERISA Affiliate of the Borrower or any Restricted Subsidiary maintains a multiple employer welfare benefit arrangement within the meaning of
Section 3(40)(A) of ERISA 
 (b) Except as could not reasonably be expected to have a Material Adverse Effect, (i) the Canadian
Pension Plans, if any, are duly registered under the Income Tax Act (Canada) and all applicable provincial or federal pension benefits standards legislation and no event has occurred which is reasonably likely to cause the loss of such registered
status; (ii) all obligations of the Canadian Subsidiaries (including any applicable fiduciary, funding, investment and administration obligations) required to be performed in connection with the Canadian Pension Plans, if any, have been
performed in accordance with applicable laws and regulations; (iii) no promises of benefit improvements under the Canadian Pension Plans, if any, or the Canadian Benefit Plans have been made; (iv) all reports and disclosures relating to
the Canadian Pension Plans and Canadian Benefit Plans required by any applicable laws or regulations have been filed or distributed in accordance with applicable laws and regulations; (v) no Canadian Subsidiary has made any improper withdrawals
prohibited by applicable law, or applications of, the assets of any of the Canadian Pension Plans; (vi) no Canadian Pension Plan Termination Event has occurred; (vii) no Canadian Subsidiary has any knowledge that the Canadian Pension
Plans, if any, are the subject of an investigation, any other proceeding, an action or a claim other than a routine claim for benefits; (viii) all contributions or premiums required to be made by any Canadian Subsidiary to the Canadian Pension
Plans and the Canadian Benefit Plans have been made within the time limits required by, and in accordance with, the terms of such plans and applicable laws and regulations; and (ix) all employee contributions to the Canadian Pension Plans, if
any, required to be made by way of authorized payroll deduction have been properly 

  
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withheld and fully paid into such plans within the time limits required by, and in accordance with, the terms of such plans and applicable laws and regulations. No Canadian Subsidiary contributes
or has made contributions on behalf of its employees to a multi-employer pension plan, as such term is defined under applicable Canadian provincial or federal pension benefits standards legislation. No Canadian Pension Plan has an Unfunded Current
Liability that would, individually or when taken together with any other liabilities referenced in this Section 7.16(a), reasonably be anticipated to have a Material Adverse Effect. There has been no failure to administer or operate the Foreign
Plans in accordance with the terms thereof except for any failure to so administer or operate the Foreign Plans as could not reasonably be expected to have a Material Adverse Effect. 

Section 7.17 Status As Senior Indebtedness. The Loans and other Secured Indebtedness hereunder are “Bank Indebtedness,”
“Senior Indebtedness” and “Designated Senior Indebtedness” under both the Existing Subordinate Notes and the Existing Convertible Debentures, and this Agreement is a “Senior Secured Credit Agreement” under the Existing
Subordinate Notes and one of the “Combined Credit Agreements” under the Existing Convertible Debentures. 
 Section 7.18
Solvency. After giving effect to the transactions contemplated hereby, (a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement), at a
fair valuation, of the Borrower and the Guarantors, taken as a whole, will exceed the aggregate Debt of the Borrower and the Guarantors on a consolidated basis, as the Debt becomes absolute and matures, (b) each of the Borrower and the
Guarantors will not have incurred Debt beyond its ability to pay such Debt (after taking into account the timing and amounts of cash to be received by each of the Borrower and the Guarantors and the amounts to be payable on or in respect of its
liabilities, and giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement) as such Debt becomes absolute and matures and (c) each of the Borrower and the Guarantors will not
have unreasonably small capital for the conduct of its business. 
 Section 7.19 Priority; Security Matters. 

(a) The Secured Indebtedness is and shall be at all times secured by valid, perfected first priority Liens in favor of the Global
Administrative Agent, covering and encumbering the Mortgaged Properties and other Properties pledged pursuant to the Security Instruments, to the extent perfection has occurred or will occur, by the recording of a mortgage, the filing of a UCC
financing statement or by possession (in each case, to the extent available in the applicable jurisdiction); provided, that the priority of the Liens in favor of the Global Administrative Agent may be subject to Permitted Liens. 

(b) The Canadian Secured Indebtedness is and shall be at all times secured by valid, perfected first priority Liens (taken by way of a
floating charge over real property or otherwise) in favor of the Canadian Administrative Agent, covering and encumbering the Mortgaged Properties and other Properties pledged pursuant to the Canadian Security Instruments, to the extent perfection
has occurred or will occur, by the recording of a debenture or mortgage, the filing of a PPSA or UCC financing statement or by possession (in each case, to the extent available in the applicable jurisdiction); provided, that the priority of the
Liens in favor of the Canadian Administrative Agent may be subject to Permitted Liens. 

  
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 ARTICLE 8 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder and all
other amounts payable under the Loan Documents shall have been paid in full and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 

Section 8.01 Financial Statements; Other Information. The Borrower will furnish to the Global Administrative Agent: 

(a) Annual Financial Statements. As soon as available, but in any event in accordance with then applicable law and not later than 20
days after the date on which the Borrower files its Annual Report on Form 10-K with the SEC (but in no event more than 120 days after the end of the applicable fiscal year), (i) its audited consolidated balance sheet and related statements of
operations, stockholders’ equity and cash flows as of the end of and for the fiscal year most recently ended, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Deloitte & Touche
LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such
consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied and
(ii) its unaudited balance sheet, income statement and related statement of cash flows as of the end of and for the fiscal year most recently ended which provides consolidating statements, including statements demonstrating eliminating entries,
if any, with respect to any Consolidated Subsidiaries that are Unrestricted Subsidiaries, in substantially the form set forth in its Annual Report on Form 10-K for the period ending December 31, 2010. 

(b) Quarterly Financial Statements. As soon as available, but in any event in accordance with then applicable law and not later than 10
days after the Borrower files each Quarterly Report on Form 10-Q with the SEC (but in no event more than 60 days after the end of the applicable fiscal quarter), (i) its unaudited consolidated balance sheet and related statements of operations,
stockholders’ equity and cash flows as of the end of and for the fiscal quarter most recently ended and the then elapsed portion of such fiscal year, setting forth in each case in comparative form the figures for the corresponding period or
periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the
Borrower and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes and (ii) its unaudited balance sheet, income statement
and related statement of cash flows as of the end of and for the fiscal quarter most recently ended which provides consolidating statements, including statements demonstrating eliminating entries, if any, with respect to any Consolidated
Subsidiaries that are Unrestricted Subsidiaries, in substantially the form set forth in its Annual Report on Form 10-Q for the period ending September 30, 2011. 

  
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 (c) Certificate of Financial Officer – Compliance. Concurrently with any delivery of
financial statements under Section 8.01(a) or Section 8.01(b), a certificate of a Financial Officer of the Borrower in substantially the form of Exhibit D hereto (i) certifying as to whether a Default has occurred and, if a Default
has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations demonstrating compliance with Section 9.01. 

(d) Certificate of Insurer – Insurance Coverage. Within 60 days of the annual renewal thereof, a certificate of insurance coverage
from each insurer with respect to the insurance required by Section 8.06, in form and substance satisfactory to the Global Administrative Agent, and, if requested by the Global Administrative Agent or any Lender, all copies of the applicable
policies. 
 (e) Notice of Casualty Events. Prompt written notice, and in any event within five Business Days, of the occurrence of
any Casualty Event with respect to Oil and Gas Properties having an estimated Dollar value in excess of $45,000,000 or the commencement of any action or proceeding that would reasonably be expected to result in a Casualty Event with respect to Oil
and Gas Properties having an estimated Dollar value in excess of $45,000,000. 
 (f) Notice of Incurrence of Debt Resulting in Global
Borrowing Base Reduction. Written notice of the incurrence by the Borrower or any Restricted Subsidiary of any Debt pursuant to Section 9.02(n) which results in an automatic reduction in the Global Borrowing Base and/or the U.S. Borrowing
Base pursuant to such Section, which written notice shall include the stated amount of such Debt and be delivered promptly after the pricing of such Debt, but in no event later than one (1) day prior to settlement of such Debt. 

(g) Information Regarding Borrower and Guarantors. 

(i) In the case of the Borrower and the U.S. Guarantors, prompt written notice (and in any event within thirty (30) days
following any such change) of any change (A) in the Borrower’s or any U.S. Guarantor’s corporate name, (B) in the Borrower’s or any U.S. Guarantor’s identity or corporate structure or in the jurisdiction in which such
Person is incorporated or formed or (C) in the Borrower’s or any U.S. Guarantor’s jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of organization 

(ii) In the case of QRCI and the Canadian Guarantors, (A) prompt written notice (and in any event within ten
(10) days following any such change) of any change (1) in QRCI or any Canadian Guarantor’s corporate name or (2) in the address of QRCI’s or any Canadian Guarantor’s chief executive office and (B) prompt written
notice (with a copy to the Canadian Administrative Agent) (and in any event within (30) days following any such change) of any change (1) in QRCI or any Canadian Guarantor’s identity or corporate structure or in the jurisdiction in
which such Person is incorporated or formed or (2) in QRCI’s or any Canadian Guarantor’s jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of organization. 

  
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 (h) Other Requested Information. Promptly following any request therefor, such other
information regarding the operations, business affairs and financial condition of the Borrower or any Restricted Subsidiary (including, without limitation, any Canadian Pension Plan, Plan or Multiemployer Plan and any reports or other information
required to be filed under ERISA), as the Global Administrative Agent or any Lender may reasonably request. 
 Documents required to be
delivered pursuant to Section 8.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which (A) the Borrower posts such documents, or provides a link thereto on the
Borrower’s website on the Internet at www.qrinc.com or (B) such documents are publically available on the SEC’s EDGAR website or (ii) on which such documents are delivered to the Global Administrative Agent, including in
electronic form. Once received by the Global Administrative Agent, the Global Administrative Agent shall post such documents on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Global Administrative
Agent have access (whether a commercial, third-party website or whether sponsored by the Global Administrative Agent); provided that the Borrower shall deliver such documents in a form acceptable to the Global Administrative Agent. Except for
such compliance certificates, the Global Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the
Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. Any notices, certificates, statements or other documents required to be delivered or
provided, and, to the extent necessary, executed by the QRCI under the Canadian Credit Agreement shall be deemed to have been so delivered under this Agreement on the date on which the Borrower delivers such notices, certificates statements or other
documents under the Canadian Credit Agreement. 
 Section 8.02 Notices of Material Events. Promptly following a Responsible
Officer becoming aware of the occurrence thereof, the Borrower will furnish to the Global Administrative Agent written notice of the following: 

(a) the occurrence of any Default; 

(b) the filing or commencement of any action, suit, proceeding, investigation or arbitration by or before any arbitrator or Governmental
Authority against or affecting the Borrower or any Affiliate thereof not previously disclosed in writing to the Lenders or any material adverse development in any action, suit, proceeding, investigation or arbitration (whether or not previously
disclosed to the Lenders) that, in either case, if adversely determined, would reasonably be expected to result in a Material Adverse Effect; and 

(c) the filing or commencement of any action, suit, proceeding, investigation or arbitration by or before any arbitrator or Governmental
Authority involving or relating to the Loan Documents. 
 (d) any other development that results in, or would reasonably be expected to
result in, a Material Adverse Effect. 

  
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 Each notice delivered under this Section 8.02 shall be accompanied by a statement of a
Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 8.03 Existence; Conduct of Business. The Borrower will, and will cause each Restricted Subsidiary to, do or cause to be
done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business and maintain, if necessary, its qualification to
do business in each other jurisdiction in which its Oil and Gas Properties are located or the ownership of such Properties requires such qualification, except where the failure to so qualify would not reasonably be expected to have a Material
Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 9.09. 

Section 8.04 Payment of Obligations. The Borrower will, and will cause each Restricted Subsidiary to, pay its obligations,
including Tax liabilities and remittance liabilities of the Borrower and all of its Restricted Subsidiaries, before the same shall become delinquent or in default, except where (i) (A) the validity or amount thereof is being contested in
good faith by appropriate proceedings, and (B) the Borrower or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP or (ii) the failure to make payment would not reasonably be
expected to result in a Material Adverse Effect or result in the seizure or levy of any Oil and Gas Property of the Borrower or any Restricted Subsidiary that was evaluated in the Reserve Reports used in the most recent determination of the Global
Borrowing Base. 
 Section 8.05 Operation and Maintenance of Properties. The Borrower will and will cause each Restricted
Subsidiary to, in all material respects: (a) promptly pay and discharge, or make reasonable efforts to cause to be paid and discharged, when due all delay rentals, royalties and expenses accruing under the leases or other agreements affecting
or pertaining to its material Oil and Gas Properties evaluated in the Reserve Reports used in the most recent determination of the Global Borrowing Base, provided that, in the case of delay rentals, the Borrower and/or the applicable
Restricted Subsidiary shall only be required to pay and discharge, or make reasonable efforts to pay and discharge, delay rentals as and to the extent the Borrower or such Restricted Subsidiary determines in good faith that payment and discharge
thereof is in the Borrower’s or such Restricted Subsidiary’s, as applicable, best interest, (b) perform, or make reasonable and customary efforts to cause to be performed, the obligations of the Borrower or any such Restricted
Subsidiary required by each and all of the assignments, deeds, leases, subleases, contracts and agreements affecting its interests in its material Oil and Gas Properties evaluated in the Reserve Reports used in the most recent determination of the
Global Borrowing Base, (c) do all other things necessary to keep unimpaired, except for Liens permitted by the Loan Documents, its rights with respect to its material Oil and Gas Properties evaluated in the Reserve Reports used in the most
recent determination of the Global Borrowing Base and prevent any forfeiture thereof or a default thereunder, (d) keep and maintain all Oil and Gas Property material to the conduct of its business in good working order and condition, ordinary
wear and tear excepted and (e) to the extent the Borrower is not the operator of any Property, the Borrower shall use reasonable efforts to cause the operator to comply with this Section 8.05, except (x) to the extent a portion of
such Oil and Gas Properties is no longer capable of producing 

  
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Hydrocarbons in economically reasonable amounts, (y) for dispositions permitted by this Agreement or (z) when the failure to do so would not, in the aggregate, reasonably be expected to
have a Material Adverse Effect. 
 Section 8.06 Insurance. The Borrower will, and will cause each Restricted Subsidiary to,
maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. The
loss payable clauses or provisions in said insurance policy or policies insuring any of the collateral for the Loans or the Canadian Loans, as applicable, shall be endorsed in favor of the applicable Administrative Agent as its interests in the
collateral may appear and such policies shall name the applicable Administrative Agent and the Lenders or the Canadian Lenders, as applicable, as “additional insureds” and provide that the insurer will endeavor to give at least 30 days
prior notice of any cancellation to the applicable Administrative Agent. 
 Section 8.07 Books and Records; Inspection Rights.
The Borrower will, and will cause each Restricted Subsidiary to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Borrower will,
and will cause each Restricted Subsidiary to, permit any representatives designated by the Global Administrative Agent or any Lender (coordinated through and together with the Global Administrative Agent), upon reasonable prior notice, to visit and
inspect its Oil and Gas Properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times during the Borrower’s or
such Restricted Subsidiary’s normal business hours (and in a manner so as to the extent practicable, not to unreasonably interfere with the normal business operations of the Borrower or such Restricted Subsidiary) not more than one
(1) time per fiscal year; provided, that to the extent an Event of Default then exists, as often as reasonably requested. The Lenders shall bear the cost of such inspections and examinations unless an Event of Default then exists, in
which event the Borrower shall bear such cost. 
 Section 8.08 Compliance with Laws. The Borrower will, and will cause each
Restricted Subsidiary to, comply with all Governmental Requirements applicable to it or its Oil and Gas Properties, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
Effect. 
 Section 8.09 Environmental Matters. (a) Except to the extent that the failure to do so would not reasonably be
expected to have a Material Adverse Effect, (i) the Borrower shall, and shall cause each Restricted Subsidiary to, comply with all applicable Environmental Laws, including, without limitation, (x) all licensing, permitting, notification,
and similar requirements of Environmental Laws, and (y) all provisions of Environmental Laws regarding storage, discharge, release, transportation, treatment and disposal of Hazardous Materials and (ii) the Borrower shall, and shall cause
each Restricted Subsidiary to, promptly pay and discharge when due all claims, liabilities and obligations with respect to any clean-up or remediation measures necessary to comply with applicable Environmental Laws, provided that such payment or
discharge shall not be required to the extent that (A) the amount, applicability or validity thereof is being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and (B) Borrower or such
Restricted Subsidiary, as and to the extent required in accordance with GAAP, shall have set aside on its books reserves (segregated to the extent required by GAAP) deemed by them to be adequate with respect thereto. 

  
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 (b) To the extent the Borrower or a Restricted Subsidiary is not the operator of any Property,
none of the Borrower and its Restricted Subsidiaries shall be obligated to directly perform any undertakings contemplated by the covenants and agreements contained in this Section 8.09 which are performable only by such operators or are beyond
the control of the Borrower and its Restricted Subsidiaries. Notwithstanding the above and except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect, the Borrower shall be obligated to enforce
such operators’ contractual obligations to maintain, develop and operate the Oil and Gas Properties subject to such operating agreements, and the Borrower shall, and shall cause its Restricted Subsidiaries to, use commercially reasonable
efforts to cause the operator to comply with this Section 8.09. 
 (c) To the extent reasonably requested by the Global Administrative
Agent, the Borrower will, and will cause each Restricted Subsidiary to, provide environmental assessment, audit or test reports of any Oil and Gas Properties of the Borrower or any Restricted Subsidiary, provided an Event of Default then exists or
the Global Administrative Agent has a reasonable suspicion that either an Event of Default or a breach of any representation or warranty set forth in Section 7.06 hereof then exists. 

(d) In connection with any acquisition by Borrower or any Restricted Subsidiary of any Oil and Gas Property for consideration of at least
$25,000,000, other than an acquisition of additional interests in Oil and Gas Properties in which Borrower or any Subsidiary previously held an interest, to the extent Borrower or such Restricted Subsidiary obtains or is provided with the same, the
Borrower shall, promptly following Borrower’s or such Restricted Subsidiary’s obtaining or being provided with the same, deliver to the Global Administrative Agent such final and non-privileged material environmental reports of such Oil
and Gas Properties as are reasonably requested by the Global Administrative Agent. 
 Section 8.10 Further Assurances.
(a) The Borrower at its sole expense will, and will cause each Restricted Subsidiary to, promptly execute and deliver to the applicable Administrative Agent all such other documents, agreements and instruments reasonably requested by the
applicable Administrative Agent to comply with, cure any defects or accomplish the conditions precedent, covenants and agreements of the Borrower or any Restricted Subsidiary, as the case may be, in the Loan Documents and Canadian Loan Documents,
including the Notes and Canadian Notes, or to further evidence and more fully describe the collateral intended as security for the Secured Indebtedness or the Canadian Secured Indebtedness, as applicable, or to correct any omissions in this
Agreement, the Canadian Credit Agreement, the Security Instruments or the Canadian Security Instruments, or to state more fully the obligations secured therein, or to perfect, protect or preserve any Liens created pursuant to this Agreement, the
Canadian Credit Agreement or any of the Security Instruments or Canadian Security Instruments or the priority thereof, or to make any recordings, file any notices or obtain any consents, all as may be reasonably necessary or appropriate, in the sole
discretion of the applicable Administrative Agent, in connection therewith. 

  
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 (b) The Borrower hereby authorizes the applicable Administrative Agent to file one or more
financing or continuation statements, and amendments thereto, or any equivalent thereto in Canada or any province thereof relative to all or any part of the Mortgaged Property without the signature of the Borrower, QRCI or any other Guarantor where
permitted by law. A carbon, photographic or other reproduction of the Security Instruments or the Canadian Security Instruments, as applicable, or any financing statement covering the Mortgaged Property or any part thereof shall be sufficient as a
financing statement where permitted by law. 
 Section 8.11 Reserve Reports. 

(a) On or before May 1, 2012 and April 1st of each year thereafter, the Borrower shall (or, in connection with the Canadian Reserve
Report, shall cause QRCI to) (a) furnish to the Global Administrative Agent the Reserve Reports prepared by one or more Approved Petroleum Engineers (the “Prepared Reserve Reports”) as of January 1st of such year. On or
before October 1st of each year, commencing October 1, 2012, the Borrower shall (or, in connection with the Canadian Reserve Report, shall cause QRCI to) furnish to the Global Administrative Agent, the Lenders and the Canadian Lenders the
Reserve Reports as of July 1st of such year prepared by or under the supervision of the chief engineer of the Borrower in accordance with the procedures used in the most recent Prepared Reserve Reports. It is understood that projections
concerning volumes attributable to the Oil and Gas Properties and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Borrower and the Restricted
Subsidiaries do not warrant that such opinions, estimates and projections will ultimately prove to have been accurate. 
 (b) In the event
of an Interim Redetermination requested by the Global Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower shall (or, in connection with the Canadian Reserve Report, shall cause QRCI to), upon the request of the Global
Administrative Agent, furnish to the Global Administrative Agent, the Lenders and the Canadian Lenders the Reserve Reports (i) prepared by or under the supervision of the chief engineer of the Borrower and in accordance with the procedures used
in the immediately preceding Prepared Reserve Reports delivered pursuant to Section 8.11(a), and (ii) which shall have an “as of” date as required by the Global Administrative Agent, no later than a date mutually agreed to by the
Borrower or QRCI, as applicable, and the Global Administrative Agent. If the Global Administrative Agent does not request updated Reserve Reports pursuant to the immediately preceding sentence, the Global Administrative Agent, the Lenders and the
Canadian Lenders may base such Interim Redetermination on the Reserve Reports most recently delivered by the Borrower or QRCI, as applicable, hereunder. 

(c) With the delivery of each Reserve Report, the Borrower shall (or, in connection with the Canadian Reserve Report, shall cause QRCI to)
provide to the Global Administrative Agent, the Lenders and the Canadian Lenders a certificate from a Responsible Officer of the Borrower or QRCI, as applicable, certifying that in all material respects: (i) the information contained in the
Reserve Reports and any other information delivered in connection therewith are true and correct, (ii) subject to Immaterial Title Deficiencies, (x) the Borrower or a U.S. Guarantor owns good and defensible title to the Oil and Gas
Properties located in the United States evaluated in the applicable U.S. Reserve Report and such Properties are free of all Liens except for Permitted Liens and Liens securing the Secured Indebtedness and (y) QRCI or a


  
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Canadian Guarantor owns good and defensible title to the Oil and Gas Properties located in Canada evaluated in the applicable Canadian Reserve Report and such Properties are free of all Liens
except for Permitted Liens and Liens securing the Canadian Secured Indebtedness, (iii) except as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments in excess of one half bcf
of gas in the aggregate (x) with respect to its Oil and Gas Properties located in the United States evaluated in the applicable U.S. Reserve Report which would require the Borrower or any U.S. Guarantor to deliver Hydrocarbons either generally
or produced from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor and (y) with respect to its Oil and Gas Properties located in Canada evaluated in the applicable Canadian Reserve Report
which would require QRCI or any Canadian Guarantor to deliver Hydrocarbons either generally or produced from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor, (iv) attached to the
certificate is a list of all marketing agreements entered into subsequent to the later of the date hereof or the most recently delivered Reserve Reports which pertain to the sale of production at a fixed price and have a maturity date of longer than
six (6) months from the date of such certificate, and (v) a true and complete list of all Oil and Gas Swap Agreements of the Borrower and each Restricted Subsidiary is included, which list contains the material terms thereof (including the
type, remaining term, counterparty, mark-to-market value as of the end of the second month immediately preceding the date of such certificate and notional amounts or volumes), any credit support agreements relating thereto, any margin required or
supplied under any credit support document, and the counterparty to each such agreement. 
 (d) The Canadian Reserve Reports may only
include Oil and Gas Properties that are (x) located in British Columbia, Canada, Alberta, Canada, or another province in Canada that at such time allows for a secured lender to receive the benefit of a floating charge over real property located
in such province, and for which such floating charge is created by a debenture or other Security Instrument and is of record (as necessary) as contemplated under Section 6.01(f)(i) of the Existing Canadian Credit Agreement or (y) located
in any other province in Canada, the United States or any other country or jurisdiction reasonably acceptable to the Global Administrative Agent; provided that with respect to Oil and Gas Properties set forth in this clause (y), (i) the Global
Administrative Agent shall be reasonably satisfied that fixed charges, collateral agreements or other Canadian Security Instruments create first priority, perfected Liens (subject only to Permitted Liens) on at least 80% of the total value of the
Proved Hydrocarbon Interests relating to such Oil and Gas Properties and (ii) the Global Administrative Agent shall have received title information as the Global Administrative Agent may reasonably require satisfactory to the Global
Administrative Agent setting forth the status of title to at least 75% of the total value of such Oil and Gas Properties; provided, that with respect to such Oil and Gas Properties referred to in the foregoing clauses (x) and (y), the Global
Administrative Agent shall have received such other closing documents, certificates, and legal opinions as shall be reasonably requested by, and in form and substance reasonably satisfactory to, the Global Administrative Agent. 

Section 8.12 Title Information. (a) On or before the date that is 45 days following the delivery to the Global Administrative
Agent, the Lenders and the Canadian Lenders of each Reserve Report required by Section 8.11(a), the Borrower will (or, in connection with the Canadian Reserve Report dealing with property described in Section 8.11(d)(y) (the
“Canadian Reserve Report Affected Property”), shall cause QRCI to) deliver title information in form and 

  
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substance reasonably acceptable to the Global Administrative Agent covering enough of the Oil and Gas Properties evaluated by the U.S. Reserve Report and the Canadian Reserve Report dealing with
Canadian Reserve Report Affected Property that were not included in such immediately preceding Reserve Report, so that the Global Administrative Agent shall have received together with title information previously delivered to the Global
Administrative Agent, satisfactory title information on at least 75% of the total value of the Proved Hydrocarbon Interests evaluated by such Reserve Report. 

(b) If the Borrower has provided (or, in connection with the Canadian Reserve Report Affected Property, has caused QRCI to provide) title
information for additional Oil and Gas Properties under Section 8.12(a), the Borrower shall (or, in connection with the Canadian Reserve Report Affected Property, shall cause QRCI to), within 60 days of notice from the Global Administrative
Agent that title defects or exceptions exist with respect to such additional Properties (or such longer period as the applicable Administrative Agent may agree in its discretion), either (i) cure any such title defects or exceptions raised by
such information (including defects or exceptions as to priority) which are not permitted by Section 9.03, (ii) substitute acceptable Oil and Gas Properties with no title defects or exceptions except for Permitted Liens having an
equivalent value or (iii) deliver title information in form and substance acceptable to the Global Administrative Agent so that the Global Administrative Agent shall have received, together with title information previously delivered to the
Global Administrative Agent, satisfactory title information on at least 75% of the value of the Proved Hydrocarbon Interests evaluated by the applicable Reserve Report. For purposes of this Section 8.12(b), the Global Administrative Agent must
deliver any notice of title defects or exceptions with respect to any Oil and Gas Properties within 60 days following the Global Administrative Agent’s receipt of title information for such Oil and Gas Properties. 

(c) If the Borrower is unable to (or, in connection with the Canadian Reserve Report Affected Property, is unable to cause QRCI to) cure any
title defect requested by the Global Administrative Agent, the Lenders or the Canadian Lenders to be cured within the 60-day period (or such longer period as the applicable Administrative Agent may agree in its discretion) or the Borrower does not
(or, in connection with the Canadian Reserve Report Affected Property, does not cause QRCI to) comply with the requirements to provide acceptable title information covering 75% of the value of the Proved Hydrocarbon Interests evaluated in each most
recent Reserve Report, such default shall not be a Default, but instead the Global Administrative Agent, at the direction of (x) the Required U.S. Lenders, with respect to the most recent U.S. Reserve Report, and (y) the Canadian Required
Lenders, with respect to the Canadian Reserve Report Affected Property most recent Canadian Reserve Report, shall have the right to exercise the following remedy in their sole discretion from time to time, and any failure to so exercise this remedy
at any time shall not be a waiver as to future exercise of the remedy by the Global Administrative Agent, the Lenders or the Canadian Lenders. To the extent that the Global Administrative Agent is not reasonably satisfied with title to any Oil and
Gas Property included in such Reserve Report after the 60-day period (or such longer period as the applicable Administrative Agent may agree in its discretion) has elapsed, such unacceptable Oil and Gas Property shall not count towards the 75%
requirement, and the Global Administrative Agent may send a notice to the Borrower and the Lenders and the Canadian Lenders that the then outstanding Global Borrowing Base (and to the extent such Oil and Gas Property is included in the most recent
U.S. Reserve Report, U.S. Borrowing Base) shall be reduced by an amount as 

  
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determined by the Required Lenders to cause the Borrower and/or QRCI to be in compliance with the requirement to provide acceptable title information on 75% of the value of the Proved Hydrocarbon
Interests. This new Global Borrowing Base (and to the extent such Oil and Gas Property is included in the most recent U.S. Reserve Report, U.S. Borrowing Base) shall become effective immediately after receipt of such notice by the Borrower. 

Section 8.13 Additional Collateral; Additional Guarantors; Release of Certain Guarantors/Collateral. (a) In connection with
each redetermination of the Global Borrowing Base, the Borrower shall (or, in connection with the Canadian Reserve Report, shall cause QRCI to) review each most recently completed Reserve Report and the list of current Mortgaged Properties to
ascertain whether the Mortgaged Properties: 
 (x) located in British Columbia, Canada, Alberta, Canada, or another province in Canada that
at such time allows for a secured lender to receive the benefit of a floating charge over real property located in such province are subject to a floating charge or a security interest created by a debenture or other Security Instrument, which is of
record (as necessary) and that creates a first priority, perfected Lien taken by way of a floating charge or a security interest (subject only to Permitted Liens) on all of the total value of the Proved Hydrocarbons Interests of the Borrower and the
Guarantors (subject to de minimus exceptions), or 
 (y) located in any other province in Canada, the United States or any other country or
jurisdiction reasonably acceptable to the Global Administrative Agent are subject to fixed charges, collateral agreements or other Security Instruments, which create first priority, perfected Liens (subject only to Permitted Liens) on at least 80%
of the total value of the Proved Hydrocarbon Interests evaluated in such Reserve Report, after giving effect to exploration and production activities, acquisitions, dispositions and production, that are found in such locations. 

In the event that the Mortgaged Properties do not satisfy clauses (x) and (y), then the Borrower shall, and shall cause its Restricted
Subsidiaries to, grant, within 30 days of the delivery of the certificate required under Section 8.11(c) (or such longer period as the applicable Administrative Agent may agree in its discretion), to the Global Administrative Agent as security for
the Combined Obligations or to the Canadian Administrative Agent as security for the Canadian Secured Indebtedness, as applicable, a first-priority Lien interest (taken by way of a floating charge over real property or otherwise) (provided that
Permitted Liens may exist) on additional Oil and Gas Properties evaluated in such Reserve Report containing Proved Hydrocarbon Interests not already subject to a Lien of the Security Instruments or the Canadian Security Instruments, as applicable,
such that after giving effect thereto, each of clause (x) and (y) will be satisfied. All such Liens will be created and perfected by and in accordance with the provisions of deeds of trust, security agreements and financing statements or
other Security Instruments or other Canadian Security Interests, as applicable, all in form and substance reasonably satisfactory to the applicable Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate)
counterparts for recording purposes. Notwithstanding anything to the contrary contained in this Agreement, if any Restricted Subsidiary places a Lien on its Oil and Gas Properties to secure the Secured Indebtedness or the Canadian Secured
Indebtedness, as applicable, and such Restricted Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with Section 8.13(c). 

  
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 (b) 

(i) If the Borrower or any Domestic Subsidiary becomes the owner of a Restricted Subsidiary, then the Borrower shall, or shall
cause such Domestic Subsidiary to, promptly, but in any event no later than 30 days after the date of becoming an owner thereof (or such longer period as the Global Administrative Agent may agree in its discretion), (A) pledge (x) 100% of
the Equity Interests of such new Restricted Subsidiary if such Subsidiary is a Domestic Subsidiary or (y) 65% of the total combined voting power of all classes of Equity Interests (and the remaining 35% under a Canadian Security Agreement to
secure the Canadian Secured Indebtedness if requested by the administrative agent under the Canadian Credit Agreement in the case of Canadian Subsidiaries) and 100% of all non-voting Equity Interests of such new Restricted Subsidiary, if such new
Restricted Subsidiary is a Foreign Subsidiary (including, without limitation, delivery of original stock certificates evidencing the Equity Interests of such new Restricted Subsidiary, together with appropriate undated stock powers for each
certificate duly executed in blank by the registered owner thereof) and (B) execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Global Administrative Agent. 

(ii) If any Canadian Subsidiary becomes the owner of a Restricted Subsidiary, then the Borrower shall (or shall cause QRCI to)
cause such Canadian Subsidiary to, promptly, but in any event no later than 30 days after the date of becoming an owner thereof (or such longer period as the Canadian Administrative Agent may agree in its discretion), (A) pledge 100% of the
Equity Interests of such new Restricted Subsidiary (including, without limitation, delivery of original stock certificates evidencing the Equity Interests of such new Restricted Subsidiary, together with appropriate undated stock powers for each
certificate duly executed in blank by the registered owner thereof) and (B) execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Canadian Administrative Agent. 

(b) The Borrower shall cause the following Persons to guarantee the Secured Indebtedness pursuant to the Guaranty Agreement: 

(i) 
 (A) each
Material Restricted Subsidiary; 
 (B) any Person required to guarantee the Secured Indebtedness in order for the Borrower to
be in compliance with Section 9.05(b); 
 (C) any Person that guarantees any Existing Debt or any U.S. Permitted
Additional Debt; 
 (D) any Restricted Subsidiary that places a Lien as required by the last sentence of Section 8.13(a)
on its Oil and Gas Properties to secure the Secured Indebtedness; and 

  
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 (E) one or more additional Domestic Subsidiaries to the extent necessary to cause
(1) the total assets of the Domestic Subsidiaries that are not Guarantors to be less than 15% of the combined assets of the Borrower and its Domestic Subsidiaries and (2) the combined EBITDAX of such Domestic Subsidiaries to be less than
15% of the combined EBITDAX of the Borrower and its Domestic Subsidiaries. 
 (ii) The Borrower shall, and shall cause the
following Persons to, guarantee the Canadian Secured Indebtedness pursuant to the Canadian Guaranty Agreement: 
 (A) each
U.S. Guarantor; 
 (B) each Canadian Material Restricted Subsidiary; 

(C) any Person required to guarantee the Canadian Secured Indebtedness in order for QRCI to be in compliance with
Section 9.05(b) of the Canadian Credit Agreement; 
 (D) any Person that guarantees any Canadian Permitted Additional
Debt; 
 (E) any Restricted Subsidiary that places a Lien as required by the last sentence of Section 8.13(a) of the Canadian
Credit Agreement on its Oil and Gas Properties to secure the Canadian Secured Indebtedness; and 
 (F) one or more additional
Canadian Subsidiaries (other than QRCI) to the extent necessary to cause (1) the total assets of the Canadian Subsidiaries that are not Guarantors (other than QRCI) to be less than 15% of the combined assets of the Canadian Subsidiaries and
(2) the combined EBITDAX of such Canadian Subsidiaries to be less than 15% of the combined EBITDAX of the Canadian Subsidiaries. 
 (c)
In connection with any guaranty required by Section 8.13(c), the Borrower shall, or shall cause such Subsidiary or other Person to promptly, but in any event no later than 30 days (or such longer period as the applicable Administrative Agent
may agree in its discretion) after the event requiring such guaranty, execute and deliver (i) a supplement to the Guaranty Agreement or the Canadian Guaranty Agreement, as applicable, and (ii) such other additional closing documents,
certificates and legal opinions as shall reasonably be requested by the applicable Administrative Agent. If at any time any Person is not otherwise required to guarantee the Secured Indebtedness or the Canadian Secured Indebtedness, as applicable,
hereunder (whether pursuant to the other provisions of this Section 8.13 or otherwise) or under any other Loan Document or any other Canadian Loan Document, as applicable, then upon receipt by the applicable Administrative Agent of
evidence satisfactory to it that such Person has been fully and finally released from its guarantee obligations in respect of the Existing Debt or, if applicable, any Permitted Additional Debt, as the case may be, such Person shall be released from
its guarantee obligations with respect to the Secured Indebtedness or the Canadian Secured Indebtedness as applicable, and the applicable Administrative Agent shall, at the sole cost and expense of the Borrower or QRCI, as applicable, execute such
further documents and do all such 

  
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further acts so as to reasonably evidence such release. The Liens created by the Security Instruments in any asset of the Borrower or any Restricted Subsidiary that is sold, assigned, farmed-out,
conveyed or otherwise transferred in a manner permitted hereby shall automatically be released, and, without limiting the foregoing, (x) at the time of the contribution of the Equity Interests in MLP Opco to MLP as contemplated by the Barnett
Shale Transaction, all Liens created by the Security Instruments in the assets of (including, without limitation, the MLP Barnett Shale Assets), and any Investments by the Borrower or its Restricted Subsidiaries in, MLP Opco shall automatically
terminate and all obligations of MLP Opco under the Guaranty Agreement shall automatically be released and (y) at the time of the contribution of the Existing Midstream Assets to a partnership in exchange for a partnership interest therein in
connection with the Midstream Joint Venture all Liens created by the Canadian Security Instruments in the Existing Midstream Assets shall automatically be released. 

Section 8.14 ERISA and Benefit Plan Compliance. The Borrower will promptly furnish to the Global Administrative Agent immediately
upon becoming aware of the occurrence of any ERISA Event or Canadian Pension Plan Termination Event that alone or together with any other ERISA Events or Canadian Pension Plan Termination Events that have occurred, would reasonably be expected to
result in liability of Borrower, its Restricted Subsidiaries, or any ERISA Affiliates in an aggregate amount which would reasonably be expected to have a Material Adverse Effect, a written notice signed by a Responsible Officer, specifying the
nature thereof, what action the Borrower, any of its Restricted Subsidiaries or any ERISA Affiliate is taking or proposes to take with respect thereto, and, when known, any action taken or proposed by the Internal Revenue Service, the Department of
Labor, the PBGC or any equivalent agency or authority with jurisdiction over Canadian Pension Plans with respect thereto. With respect to each Pension Plan, the Borrower will, and will cause each Restricted Subsidiary and ERISA Affiliate to,
(A) satisfy in full and in a timely manner, without incurring any late payment or underpayment charge or penalty that would reasonably be expected to have a Material Adverse Effect and without giving rise to any Lien securing an amount in
excess of $50,000,000, all of the contribution and funding requirements of section 412 of the Code (determined without regard to subsections (d), (e), (f) and (k) thereof) and of section 302 of ERISA (determined without regard to sections
303, 304 and 306 of ERISA), and (B) pay, or cause to be paid, to the PBGC in a timely manner, without incurring any late payment or underpayment charge or penalty that would reasonably be expected to have a Material Adverse Effect, all premiums
required pursuant to sections 4006 and 4007 of ERISA. With respect to each Canadian Pension Plan, QRCI will not (i) terminate, or permit any other Canadian Subsidiary to terminate, any Canadian Pension Plan in a manner, or take any other action
with respect to any Canadian Pension Plan, which would reasonably be expected to have a Material Adverse Effect, (ii) fail to make, or permit any other Canadian Subsidiary to fail to make, full payment when due of all amounts which, under the
provisions of any Canadian Pension Plan, agreement relating thereto or applicable law, any Canadian Subsidiary is required to pay as contributions thereto, except where the failure to make such payments could not reasonably be expected to have a
Material Adverse Effect, or (iii) permit to exist, or allow any other Canadian Subsidiary to permit to exist, any Unfunded Current Liability, whether or not waived, with respect to any Canadian Pension Plan in an amount which would reasonably
be expected to cause a Material Adverse Effect. 

  
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 Section 8.15 Unrestricted Subsidiaries. The Borrower: 

(a) will cause the management, business and affairs of each of the Borrower and its Restricted Subsidiaries to be conducted in such a manner
(including, without limitation, by keeping separate books of account, furnishing separate financial statements of Unrestricted Subsidiaries to creditors and potential creditors thereof and by not permitting Properties of the Borrower and its
respective Restricted Subsidiaries to be commingled) so that each Unrestricted Subsidiary that is a corporation will be treated as a corporate entity separate and distinct from the Borrower and the Restricted Subsidiaries; 

(b) other than as contemplated by the Barnett Shale Transaction and the Midstream Joint Venture, will not, and will not permit any of the
Restricted Subsidiaries to, incur, assume, guarantee or be or become liable for any Debt of any of the Unrestricted Subsidiaries; and 
 (c)
other than as contemplated by the Barnett Shale Transaction and the Midstream Joint Venture, will not permit any Unrestricted Subsidiary to hold any Equity Interest in, or any Debt of, the Borrower or any Restricted Subsidiary. 

Section 8.16 Section 1031 Exchange. If the Borrower elects to participate in a Section 1031 Exchange with respect to any
Oil and Gas Properties, then on or before 180 days following the acquisition by the Section 1031 Counterparty of (a) such Oil and Gas Properties from the Borrower, the Borrower shall receive from the Section 1031 Counterparty (b) Oil
and Gas Properties having a substantially equivalent value to the Oil and Gas Properties that the Section 1031 Counterparty acquired from the Borrower, (c) payment in full in cash of the note given by the Section 1031 Counterparty to
the Borrower or (d) any combination of Oil and Gas Properties and a partial cash prepayment of such note, such that the Oil and Gas Properties received and such partial cash prepayment have an aggregate value not less than the value of the Oil
and Gas Properties that the Section 1031 Counterparty acquired from the Borrower. 
 Section 8.17 Use of Proceeds. The
Borrower will use (and will cause QRCI to use) the proceeds of the Loans and the Canadian Loans and will use Letters of Credit and Canadian Letters of Credit for general corporate purposes, including acquisitions, Investments, working capital,
repayment of Debt and the making of Restricted Payments, in each case to the extent not otherwise prohibited hereunder; provided that the aggregate amount of LC Exposure under all Letters of Credit and Canadian LC Exposure under all Canadian Letters
of Credit used as credit support for the Borrower’s or Restricted Subsidiary’s obligations under any Swap Agreement shall not exceed an amount equal to (a) $20,000,000 minus (b) the amount of cash or treasury securities subject
to Liens permitted by Section 9.03(l). 
 Section 8.18 Fiscal Year. The Borrower’s fiscal year shall end on
December 31. 

  
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 ARTICLE 9 

NEGATIVE COVENANTS 

Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder and all other
amounts payable under the Loan Documents have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 

Section 9.01 Financial Covenants. (a) Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal
quarter, permit its ratio of (i) EBITDAX for the period of four fiscal quarters then ending (ii) to Cash Interest Expense for such period, commencing with the four fiscal quarter period ending December 31, 2011, to be less than 2.5 to
1.0. 
 (b) Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated
current assets (including the unused amount of the total Commitments (but only to the extent that the Borrower is permitted to borrow such amount under the terms of this Agreement, including, without limitation, Section 6.02 hereof), but
excluding current assets resulting from the requirements of ASC Topic 815 and ASC Topic 410) to (ii) consolidated current liabilities (excluding current maturities of long term debt and current liabilities resulting from the requirements of ASC
Topic 815 and ASC Topic 410) to be less than 1.0 to 1.0, commencing with the fiscal quarter ending September 30, 2011; provided that for purposes of calculating such ratio, the current assets and current liabilities of all Unrestricted
Subsidiaries shall be excluded as set forth in Section 1.05. 
 Section 9.02 Debt. The Borrower will not, and will not
permit any Restricted Subsidiary to, incur, create, assume or suffer to exist any Debt, except: 
 (a) the Notes or other Secured
Indebtedness and the Canadian Notes or other Canadian Secured Indebtedness; 
 (b) the Guarantee by the Borrower or any Restricted
Subsidiary of any Debt of any Restricted Subsidiary that is otherwise permitted hereunder so long as such Guarantee guarantees not more than the percentage of such Debt that equals the percentage of common equity owned directly or indirectly by the
Borrower or any Restricted Subsidiary, as applicable, in such Restricted Subsidiary at the time such Guarantee is executed; 
 (c) Debt of
the Borrower or any Restricted Subsidiary to the Borrower or any other Restricted Subsidiary; 
 (d) Debt outstanding on the date hereof and
set forth on Schedule 9.02, including without limitation the Existing Debt; 
 (e) Debt of a Person which becomes a Restricted Subsidiary
after the date hereof, provided that (i) such Debt existed at the time such Person became a Restricted Subsidiary and was not created in anticipation thereof, (ii) immediately after giving effect to the acquisition of such Person by
the Borrower or a Restricted Subsidiary, no Default or Event of Default shall have occurred and be continuing and (iii) that all Debt incurred under this clause (e), together with all Debt incurred pursuant to clause (j) below, does not
exceed $45,000,000 in the aggregate at any one time outstanding; 
 (f) endorsements of negotiable instruments for collection in the
ordinary course of business; 
 (g) Debt consisting of performance bonds, surety bonds, appeal bonds, injunctions bonds and other
obligations of a like nature provided by the Borrower or any Restricted Subsidiary; 

  
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 (h) Non-Recourse Debt in an aggregate amount outstanding at any time not to exceed $15,000,000;

 (i) Debt constituting Permitted Investments; 

(j) Debt incurred to finance the acquisition, construction or improvement of fixed or capital assets (including, without limitation,
obligations in connection with Capital Leases) secured by Liens permitted by Section 9.03(i); provided that all Debt incurred under this clause (j), together with all Debt incurred pursuant to clause (e) above, does not exceed
$45,000,000 in the aggregate at any one time outstanding; 
 (k) other Debt not to exceed $65,000,000 in the aggregate at any one time
outstanding; 
 (l) Debt associated with worker’s compensation claims, unemployment insurance laws or similar legislation incurred in
the ordinary course of business; 
 (m) Taxes, assessments or other governmental charges which are not yet due or are being contested in
good faith in accordance with Section 7.09; 
 (n) Debt and any guarantees thereof by the Guarantors (including any Persons becoming
Guarantors simultaneously with the incurrence of such Debt), provided that: (i) immediately before, and after giving effect to, the incurrence of any such Debt (and any concurrent repayment of Debt with the proceeds of such incurrence), no
Default exists or would exist, (ii) such Debt is not secured by any Lien, (iii) such Debt does not have any scheduled amortization of principal prior to the Maturity Date, (iv) such Debt has a stated maturity no earlier than 91 days
after the Maturity Date, (v) such Debt does not have mandatory redemption events that are not Events of Default hereunder, (vi) such Debt does not prohibit prior repayment of Loans or the Canadian Loans, and (vii) at the time any such
Debt is incurred, the Global Borrowing Base then in effect (and to the extent the issuer or guarantor of such Debt is the Borrower or a U.S. Guarantor, U.S. Borrowing Base) shall be automatically reduced by the lesser of (A) an amount equal to
the product of 0.25 multiplied by the stated principal amount of such Debt, rounded to the nearest $1,000,000 and (B) if requested by the Borrower, an amount (which may be zero) approved by the Required Lenders and, if applicable, the Required
U.S. Lenders, and the Global Borrowing Base (and, if applicable, U.S. Borrowing Base) as so reduced shall become the new Global Borrowing Base (and, if applicable, U.S. Borrowing Base) immediately upon the date of such issuance or assumption,
effective and applicable to the Borrower and QRCI, the Global Administrative Agent, each Issuing Bank and the Lenders on such date until the next redetermination or modification thereof hereunder. For purposes of this Section 9.02(n), the
“stated principal amount” shall mean the stated face amount of such Debt without giving effect to any original issue discount; 

(o) Any renewals, refinancings or extensions of (but, except to the extent permitted herein, not increases in (except to cover premiums or
penalties)) any Debt described in clauses (d), (e), (j) or (n) of this Section 9.02; provided, however, that any refinancing of Debt described in clause (n) shall comply with the provisions of such clause (n); 

  
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 (p) Debt consisting of the financing of insurance premiums if the amount financed does not exceed
the premium payable for the current policy period; 
 (q) Debt consisting of obligations to deliver commodities, goods or services,
including, without limitation, Hydrocarbons, in consideration of one or more advance payments so long as delivery of such commodities, goods or services is due within 60 days of such advance payment; and 

(r) Debt consisting of deferred put premiums on Swap Agreements entered into by Borrower or any Restricted Subsidiary with Approved
Counterparties; 
 (s) Debt incurred by the Borrower or any Restricted Subsidiary as a result of credit support (in the form of cash)
provided by, or on behalf of, counterparties pursuant to any Swap Agreement, not to exceed the amount of such cash held by the Borrower or such other Restricted Subsidiary; and 

(t) Debt incurred by the Borrower or any Restricted Subsidiary as contemplated by the Barnett Shale Transaction, including, without
limitation, in the form of Guarantees of the obligations of MLP Opco in an aggregate amount not to exceed $4,000,000 at any time outstanding. 

For the avoidance of doubt, to the extent any Debt could be attributable to more than one subsection of this Section 9.02, the Borrower
or any Restricted Subsidiary may categorize all or any portion of such Debt to any one or more subsections of this Section 9.02 as it elects and unless as otherwise expressly provided, in no event shall (x) the same portion of any Debt be
deemed to utilize or be attributable to more than one subsection of this Section 9.02 or (y) the Borrower or any Restricted Subsidiary utilize Section 9.02(k) for the purposes of issuing unsecured senior notes or unsecured
subordinated notes in the capital markets. 
 Section 9.03 Liens. The Borrower will not, and will not permit any Restricted
Subsidiary to, create, incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 
 (a)
Liens created by the Security Instruments or the Canadian Security Instruments, as applicable. 
 (b) Excepted Liens. 

(c) Lease burdens payable to third parties which are deducted in the calculation of discounted present value in the Reserve Reports including,
without limitation, any royalty, overriding royalty, net profits interest, production payment, carried interest or reversionary working interest in existence as of the Effective Date or as a result of or in accordance with the Borrower’s or a
Restricted Subsidiary’s acquisition of the property burdened thereby. 
 (d) Liens securing Non-Recourse Debt permitted by
Section 9.02(h). 
 (e) [Reserved]. 

  
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 (f) Pledges or deposits in the ordinary course of business securing liabilities to insurance
carriers under insurance or self-insurance arrangements. 
 (g) Any Lien existing on any Oil and Gas Property or asset prior to the
acquisition thereof by the Borrower or any Restricted Subsidiary or existing on any Oil and Gas Property or asset of any Person that becomes a Restricted Subsidiary after the date hereof prior to the time such Person becomes a Restricted Subsidiary;
provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary, as applicable, (ii) such Lien shall not apply to any other Oil and Gas Property
or assets of the Borrower or any Restricted Subsidiary and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Restricted Subsidiary, as applicable, and
extensions, renewals and replacements of such obligations that are not in excess of the outstanding principal amount of such obligations as of such acquisition date or date such Person becomes a Restricted Subsidiary (provided, that such obligations
and such extensions, renewals, and replacements thereof so secured by such Lien, together with the Debt secured by Liens described in clause (i) below, shall at no time exceed $45,000,000 in the aggregate). 

(h) Liens in existence on the date hereof listed on Schedule 9.03. 

(i) Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any of its Restricted Subsidiaries; provided
that (i) such Liens secure Debt permitted by Section 9.02(j) hereof, (ii) such Liens and the Debt secured thereby are incurred prior to or within 180 days after such acquisition, construction or improvement, (iii) the Debt
secured thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets, (iv) such Liens shall not apply to any other property or assets of the Borrower or any of such Restricted Subsidiaries, and
(v) the Debt secured by such Liens, together with the obligations and extensions, renewals and replacements of such obligations described in clause (g) above, shall at no time exceed $45,000,000 in the aggregate. 

(j) Liens arising pursuant to Section 9.343 of the Texas Uniform Commercial Code or other similar statutory provisions of other states or
provinces with respect to production purchased from others. 
 (k) Liens on real property and improvements thereon (other than on Oil and
Gas Properties). 
 (l) Liens relating to any cash or treasury securities used as credit support for any Swap Agreement in an aggregate
amount not to exceed the difference of (i) $20,000,000 minus (ii) the aggregate amount of (x) LC Exposure under all Letters of Credit and (y) Canadian LC Exposure under all Canadian Letters of Credit used as credit support
for the Borrower’s or any Restricted Subsidiary’s obligations under any Swap Agreement. 
 (m) Liens not otherwise included in
this Section 9.03 so long as the sum of (i) the lesser of (A) the aggregate outstanding principal amount of the obligations of the Borrower or any Restricted Subsidiary secured thereby and (B) the aggregate fair market value
(determined as of the date such Lien is incurred) of the assets subject thereto (as to the Borrower and all 

  
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Restricted Subsidiaries) plus (ii) the amount of cash that is subject to Liens permitted by Section 9.03(l) at such time plus (iii) the aggregate amount of
(x) LC Exposure under all Letters of Credit and (y) Canadian LC Exposure under Canadian Letters of Credit used to post collateral or margin to secure the Borrower’s or any Restricted Subsidiary’s obligations under any Swap
Agreement, does not exceed $65,000,000 in the aggregate at any one time; 
 Notwithstanding the foregoing, (i) no Liens may at any time
attach to (A) any Oil and Gas Properties of the Borrower or its Restricted Subsidiaries of the types described in clauses (a), (b), (c), (e) and (f) of the definition of Oil and Gas Properties evaluated in the Reserve Reports used in
the most recent determination of the Global Borrowing Base, or (B) any Equity Interests issued by any Restricted Subsidiary to the Borrower or any other Restricted Subsidiary other than, in the case of clause (A) or (B) above,
Permitted Liens, and (ii) in no event may any Liens on any Property of the Borrower or any Restricted Subsidiary secure any obligation of the Borrower or any Restricted Subsidiary under any Swap Agreement other than Liens created pursuant to
the Security Instruments or the Canadian Security Instruments, as applicable, and Liens permitted under Section 9.03(l). For the avoidance of doubt, to the extent any Lien could be attributable to more than one subsection of this Section 9.03,
the Borrower or any Restricted Subsidiary may categorize all or any portion of such Lien to any one or more subsections of this Section 9.03 as it elects and unless as otherwise expressly provided, in no event shall the same portion of any Lien be
deemed to utilize or be attributable to more than one subsection of this Section 9.03. 
 Section 9.04 Dividends and
Distributions. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, return any capital to its stockholders or make any
distribution of its Property to its Equity Interest holders, except: 
 (a) the Borrower may declare and pay dividends with respect to its
Equity Interests payable solely in additional shares of its Equity Interests or any other non-cash form (other than Disqualified Capital Stock); 

(b) Restricted Subsidiaries may declare and pay unlimited dividends, fees and other amounts ratably with respect to their Equity Interests and
may distribute any other Property to its direct or indirect Equity Interest holders that are either the Borrower, QRCI or a Guarantor; 

(c) the Borrower may make Restricted Payments pursuant to and in accordance with stock option plans, equity plans or other benefit or
compensation plans providing for payments on account of services provided by current or former directors, officers, employees or consultants of the Borrower or its Restricted Subsidiaries or any of its Affiliates; 

(d) to the extent not permitted by clauses (a) to (c) above, the Borrower may make (i) Restricted Payments up to an aggregate
amount of $20,000,000 and (ii) additional Restricted Payments up to an aggregate amount of $55,000,000 (not including Restricted Payments made under the foregoing clause (i)) or dividends, distributions or transfers of Equity Interests or other
assets or Debt of an Unrestricted Subsidiary if, in the case of Restricted Payments or such dividends, distributions or transfers in respect of an Unrestricted Subsidiary, in each case, made under this clause (ii), (A) no Default has occurred
and is continuing at the time such Restricted Payment or such dividend, transfer or distribution is made or would result from the making of such Restricted Payment or such dividend, transfer or distribution, (B) the Minimum Liquidity


  
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after giving effect to such Restricted Payment or such dividend, transfer or distribution is not less than the greater of (x) 25% of the Global Borrowing Base then in effect and
(y) $250,000,000, and (C) after giving effect to such Restricted Payment or such dividend, transfer or distribution, the Borrower is in pro forma compliance with Section 9.01; 

(e) the Borrower may purchase or otherwise acquire Equity Interests in any Subsidiary using additional shares of its Equity Interests; and

 (f) the Borrower may redeem the share purchase rights issued pursuant to that certain Rights Agreement, dated as of March 11, 2003,
between the Borrower and Mellon Investor Services LLC, as Rights Agent, in accordance with the terms of such Rights Agreement. 
 For the
avoidance of doubt, to the extent any Restricted Payment could be attributable to more than one subsection of this Section 9.04, the Borrower or any Restricted Subsidiary may categorize all or any portion of such Restricted Payment to any one
or more subsections of this Section 9.04 as it elects and unless as otherwise expressly provided, in no event shall the same portion of any Restricted Payment be deemed to utilize or be attributable to more than one subsection of this
Section 9.04. 
 Section 9.05 Repayment of Debt; Amendment of Indentures. The Borrower will not, and will not permit any
Restricted Subsidiary to: 
 (a) call, make or offer to make any optional or voluntary Redemption (whether in whole or in part) of any
Existing Debt or Permitted Additional Debt, provided, however, that the Borrower and its Restricted Subsidiaries may (i) Redeem Existing Debt (other than the Existing Subordinated Notes and Existing Convertible Debentures) or Permitted
Additional Debt up to an aggregate amount of $20,000,000, (ii) Redeem the Existing Subordinated Notes and Existing Convertible Debentures if, in the case of Redemptions made under this clause (ii), (A) no Default or Global Borrowing Base
Deficiency has occurred and is continuing at the time such Redemption is made or would result from the making of such Redemption, and (B) the Minimum Liquidity after giving effect to such Redemption is not less than the greater of (1) 15%
of the Global Borrowing Base then in effect and (2) $150,000,000, (iii) Redeem additional Existing Debt or Permitted Additional Debt if, in the case of Redemptions made under this clause (iii), (x) no Default has occurred and is
continuing at the time such Redemption is made or would result from the making of such Redemption, (y) the Minimum Liquidity after giving effect to such Redemption is not less than the greater of (1) 25% of the Global Borrowing Base then
in effect and (2) $250,000,000 and (z) after giving effect to such Redemption, the Borrower is in pro forma compliance with Section 9.01, and (iv) Redeem Existing Debt or Permitted Additional Debt in connection with any
refinancing thereof permitted pursuant to Section 9.02(o); 
 (b) amend, modify, waive or otherwise change, consent or agree to any
amendment, modification, waiver or other change to, any of the terms of the Existing Debt or Permitted Additional Debt if (i) the effect thereof would be to shorten its maturity to be less than 91 days after the Maturity Date or average life or
increase the amount of any payment of principal thereof or increase the rate or shorten any period for payment of interest thereon, (ii) such action requires the payment of a consent fee that has not been approved by the Global Administrative
Agent (such approval not to be unreasonably withheld), or (iii) the effect thereof would be to add any 

  
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guarantor or surety, unless such guarantor or surety also guarantees (x) in the case of Existing Debt or U.S. Permitted Additional Debt, the Secured Indebtedness pursuant to the Guaranty
Agreement and (y) Canadian Permitted Additional Debt, the Canadian Secured Indebtedness pursuant to the Canadian Guaranty Agreement, and, in either case, each of the Borrower, QRCI and such guarantor or surety otherwise complies with Section
8.13(c); or 
 (c) if the Borrower or any Restricted Subsidiary issues any Debt that is subordinated in right of payment to the Secured
Indebtedness or the Canadian Secured Indebtedness, as applicable, designate any other Debt (other than the Secured Indebtedness, the Canadian Secured Indebtedness, the Existing Debt, and any Permitted Additional Debt) as “designated senior
indebtedness” or “designated guarantor senior indebtedness” or give any such other Debt any other similar designation for the purposes of any instrument under which that subordinated Debt is issued. 

Section 9.06 Investments, Loans and Advances. The Borrower will not, and will not permit any Restricted Subsidiary to, make or
permit to remain outstanding any Investments in or to any Person, except that the foregoing restriction shall not apply to: 
 (a)
Investments made prior to the Effective Date and reflected in the Financial Statements or which are disclosed to the Lenders in Schedule 9.06. 

(b) Readily marketable direct obligations of the United States or Canada or any agency thereof, or obligations guaranteed by the United States
or Canada or any agency thereof (or investments in mutual funds or similar funds which invest solely in such obligations). 
 (c)
Investments in securities with maturities of six months or less from the date of acquisition issued or fully guaranteed by any state, province, commonwealth or territory of the United States or Canada, or by any political subdivision or taxing
authority thereof, and rated at least “A” by S&P or “A” by Moody’s. 
 (d) Repurchase obligations with a term
of not more than 30 days for underlying securities of the types described in clause (b) above entered into with a bank described in clause (e) below. 

(e) Time deposits maturing within one year from the date of creation thereof with, including certificates of deposit issued by, any Lender or
any other bank or trust company operating in the United States or Canada that has capital, surplus and undivided profits aggregating at least $100,000,000 (as of the date of such bank or trust company’s most recent reports). 

(f) All Investments held in the form of cash or cash equivalents. 

(g) All Investments in Sweep Accounts or Canadian Sweep Accounts. 

(h) Commercial paper of a U.S. or Canadian issuer if at the time of purchase such commercial paper is rated in one of the two highest ratings
categories of S&P or Moody’s. 

  
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 (i) Money market mutual or similar funds having assets in excess of $100,000,000, at least 95% of
the assets of which are comprised of assets specified in clauses (b), (e), (f), (g), and (h) above. 
 (j) Investments (i) made by
the Borrower in or to any Restricted Subsidiary, (ii) made by any Restricted Subsidiary in or to the Borrower or any other Restricted Subsidiary, and (iii) made by the Borrower or any Restricted Subsidiary in or to Unrestricted
Subsidiaries; provided that, with respect to any Investment described in clause (iii), the aggregate amount at any one time of all such Investments (valued at cost as of the date of such Investment) made after the Effective Date shall not
exceed $45,000,000; provided that a conversion or exchange of Debt of an Unrestricted Subsidiary held by the Borrower or a Restricted Subsidiary to or for equity of such Unrestricted Subsidiary shall not be considered an incremental Investment for
purposes of this clause (j). 
 (k) Extensions of customer or trade credit in the ordinary course of business. 

(l) Guarantee obligations permitted by Section 9.02. 

(m) All Investments constituting Debt permitted by Section 9.02. 

(n) All Investments arising from transactions by the Borrower or any Restricted Subsidiary in the ordinary course of business, including
endorsements of negotiable instruments, earnest money deposits and deposits to secure obligations that do not constitute Debt or obligations under Swap Agreements, debt obligations and other Investments received by the Borrower or any Restricted
Subsidiary in connection with the bankruptcy or reorganization of customers and in settlement of delinquent obligations of, and other disputes with, customers. 

(o) Any Investments by the Borrower or any Restricted Subsidiary in any Persons including, without limitation, Unrestricted Subsidiaries;
provided that, the aggregate amount of all such Investments made pursuant to this clause (o) outstanding at any one time shall not exceed $65,000,000 in the aggregate (measured on a cost basis). 

(p) All Investments by the Borrower or any Restricted Subsidiary in Persons in which the Borrower or such Restricted Subsidiary, as
applicable, owns an Equity Interest (i) that own, lease, hold and/or are party to (A) any Oil and Gas Properties, (B) any processing, gathering or treating systems, (C) any farm-out, farm-in, joint operating, joint venture or
area of mutual interest agreements, (D) any pipelines or other mid-stream activities, in each case located within or related to the geographic boundaries of the North America and any other country or jurisdictions reasonably acceptable to the
Global Administrative Agent and/or (E) any facility or activity related to compressed or liquefied natural gas or (ii) the purpose of which is to act as a direct or indirect holding company for any Person that satisfies one or more
provisions of subclause (i) of this clause (p), provided, as to Investments made under this clause (p) (measured on a cost basis), (x) the Borrower and its Restricted Subsidiaries do not make more than $45,000,000 in the
aggregate of any such Investments during any fiscal year and (y) the total amount of any such Investments at any one time does not exceed $125,000,000 in the aggregate. 

(q) Entry into operating agreements, working interests, royalty interests, mineral leases, processing, gathering and treating agreements,
farm-in and farm-out agreements, 

  
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development agreements, contracts for the sale, transportation or exchange of oil, natural gas or CO2, unitization agreements, pooling arrangements, service contracts, area of mutual interest
agreements, production sharing agreements, pipeline agreements or other similar or customary agreements, transactions, properties, interests or arrangements, and Investments and expenditures in connection therewith or pursuant thereto, in each case
made in the ordinary course of any businesses permitted under this Agreement. 
 (r) [Reserved]. 

(s) Loans and advances to directors, officers and employees in the ordinary course of business consistent with prior practice, not to exceed
an aggregate amount of $5,000,000 at any one time outstanding. 
 (t) Indemnities permitted under this Agreement and the Canadian Credit
Agreement. 
 (u) Investments consisting of Swap Agreements entered into for non-speculative purposes, subject to compliance with
Section 9.03 and Section 9.13. 
 (v) So long as no Default exists or results therefrom, loans to the Section 1031
Counterparty participating in a Section 1031 Exchange provided that (i) the amount of any such loan does not exceed the sum of (A) purchase price to be paid by the recipient of such loan for the purchase price of the assets
subject to the related Section 1031 Exchange, and (B) estimated capital expenditures and operating expenses to be incurred with respect to such assets during the 180 day period during which such Section 1031 Exchange is to be
completed, (ii) such loan is secured by a first priority security interest in the assets to be acquired by such recipient pursuant to the Section 1031 Exchange, (iii) the Global Administrative Agent has a perfected first priority
security interest in such loan and any note or other document evidencing or securing such loan, (iv) the documentation relating to such Section 1031 Exchange and the related Section 1031 Counterparty are satisfactory to the Global
Administrative Agent in its reasonable discretion and (v) the Global Administrative Agent shall have received an opinion from Borrower’s counsel in form and substance satisfactory to the Global Administrative Agent. 

(w) Guarantees by the Borrower or any Restricted Subsidiary of operating leases or of other obligations that do not constitute Debt, in each
case entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business. 
 (x) Investments of any Person that
becomes a Restricted Subsidiary of the Borrower after the Effective Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, consolidation or amalgamation and were in existence on the
date of such acquisition, merger or consolidation. 
 (y) Any Investment by the Borrower or one or more of its Restricted Subsidiaries in a
Person, if as a result of such Investment such Person becomes a Restricted Subsidiary or such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, the Borrower or a Restricted
Subsidiary. 
 (z) Any Investment constituting non-cash consideration received in any asset sale permitted by Section 9.10. 

  
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 (aa) Investments resulting from the delivery of credit support provided by, or on behalf of, the
Borrower or any Restricted Subsidiary to counterparties pursuant to any Swap Agreement, in each case to the extent permitted by Section 8.17 and Section 9.03. 

(bb) Investments made as contemplated by the Midstream Joint Venture. 

(cc) Investments in any aboriginal or other tribe in any territory or province of Canada in an amount not to exceed $5,000,000 in the
aggregate at any one time outstanding. 
 (dd) Investments made as contemplated by the Barnett Shale Transaction. 

For the avoidance of doubt, to the extent any Investment could be attributable to more than one subsection of this Section 9.06, the
Borrower or any Restricted Subsidiary may categorize all or any portion of such Investment to any one or more subsections of this Section 9.06 as it elects and unless as otherwise expressly provided, in no event shall the same portion of any
Investment be deemed to utilize or be attributable to more than one subsection of this Section 9.06. For purposes of Section 9.06(j), (o) and (p), the aggregate Investments thereunder shall be determined net of the cost of any such
Investment (x) that is subsequently sold, redeemed or repaid or (y) in an Unrestricted Subsidiary that is subsequently designated as a Restricted Subsidiary. 

Section 9.07 Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted
Subsidiary on Schedule 7.11 as of the Effective Date or thereafter, assuming compliance with Section 9.07(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted
Subsidiary. 
 (b) The Borrower may designate by written notification thereof to the Global Administrative Agent, any Restricted Subsidiary,
including a newly formed or newly acquired Subsidiary, as an Unrestricted Subsidiary if (1) prior, and after giving effect, to such designation, neither a Default nor a Global Borrowing Base Deficiency would exist and (2) such designation
is deemed to be an Investment in an Unrestricted Subsidiary in an amount equal to the fair market value as of the date of such designation of the Borrower’s direct and indirect ownership interest in such Subsidiary and such Investment would be
permitted to be made at the time of such designation under Section 9.06(j), (p) or (q). The Borrower hereby notifies the Global Administrative Agent and the Lenders that upon the contribution of the Equity Interests of MLP Opco to MLP, MLP Opco
shall become an Unrestricted Subsidiary. 
 (c) The Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if
after giving effect to such designation, (i) the representations and warranties of the Borrower and its Restricted Subsidiaries contained in each of the Loan Documents are true and correct on and as of such date as if made on and as of the date
of such redesignation (or, if stated to have been made expressly as of an earlier date, were true and correct as of such date), (ii) no Default would exist and (iii) the Borrower complies with the requirements of Section 8.13 and
Section 8.15. 
 Section 9.08 Nature of Business; International Operations. The Borrower will not, and will not permit any
Restricted Subsidiary to, engage in any business or activity other than businesses or activities typical of an integrated energy company or businesses or activities reasonably related thereto. Notwithstanding the foregoing, this Section 9.08
shall not prohibit 

  
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the Borrower and its Restricted Subsidiaries from holding and developing the Properties or engaging in any business or activity described on Schedule 9.08. From and after the date hereof, the
Borrower and its Restricted Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located in North America or in any other country
or jurisdiction reasonably acceptable to the Global Administrative Agent. 
 Section 9.09 Mergers, Etc. The Borrower will not,
and will not permit any Restricted Subsidiary to, merge into or with or consolidate with any other Person, or sell, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its Property to
any other Person (whether now owned or hereafter acquired) any such transaction, a “consolidation”), or liquidate or dissolve; provided that 

(a) any Restricted Subsidiary may (i) participate in a consolidation with (A) the Borrower (provided that the Borrower shall
be the continuing or surviving corporation), (B) any other Restricted Subsidiary (provided that if a Guarantor is a party to such transaction, the survivor is a Guarantor or becomes a party to the Guaranty Agreement or Canadian Guaranty
Agreement, as applicable, as a Guarantor) or (C) any other Subsidiary (provided that either (x) a Restricted Subsidiary shall be the continuing or surviving Person or (y) if an Unrestricted Subsidiary is the continuing or
surviving Person, (1) the representations and warranties of the Borrower and its Restricted Subsidiaries contained in each of the Loan Documents are true and correct on and as of such date as if made on and as of the date of such consolidation
(or, if stated to have been made expressly as of an earlier date, were true and correct as of such date), (2) no Default or Global Borrowing Base Deficiency would exist and (3) the Borrower is in compliance with the requirements of
Section 8.13 and Section 8.15) or (ii) transfer all or substantially all of its assets to a Guarantor or a Person that becomes a party to the Guaranty Agreement or Canadian Guaranty Agreement, as applicable, as a Guarantor; 

(b) the Borrower or any Restricted Subsidiary may participate in a consolidation (other than as described in clause (a) above) if, at the
time thereof and immediately after giving effect thereto, no Default shall occur and be continuing and no Global Borrowing Base Deficiency would result therefrom and, the Borrower or such Restricted Subsidiary, as the case may be, is the surviving
entity or the recipient of any such sale, lease or other disposition of Property, provided that no such consolidation shall have the effect of releasing the Borrower, QRCI or any Guarantor from any of its obligations under this Agreement, the
Canadian Credit Agreement or any other Loan Document or Canadian Loan Document; 
 (c) any sale of all or substantially all of the assets of
any Restricted Subsidiary provided that such sale is permitted by Section 9.10 or such sale is in connection with the Barnett Shale Transaction; and 

(d) any Restricted Subsidiary may liquidate or dissolve if (i) the continued existence and operation of such Restricted Subsidiary is no
longer in the best interests of the Borrower and its Restricted Subsidiaries taken as a whole (as reasonably determined by a Responsible Officer of the Borrower), (ii) such liquidation and dissolution is not disadvantageous in any material
respect to the Lenders, and (iii) at the time thereof and immediately after giving effect thereto, no Default shall occur and be continuing and no Global Borrowing Base Deficiency would result therefrom. 

  
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 Section 9.10 Sale of Properties and Termination of Oil and Gas Swap Agreements. The
Borrower will not, and will not permit any Restricted Subsidiary to, sell, assign, farm-out, convey or otherwise transfer (including by way of a Reclassification) any Oil and Gas Property evaluated in the Reserve Reports used in the most recent
determination of the Global Borrowing Base or any interest therein or any Restricted Subsidiary owning any such Oil and Gas Property or terminate, unwind, cancel or otherwise dispose of any Oil and Gas Swap Agreement except for: 

(a) the sale of Hydrocarbons in the ordinary course of business; 

(b) farmouts of undeveloped acreage and assignments in connection with such farmouts or the abandonment, farm-out, exchange, lease, sublease
or other disposition of Oil and Gas Properties not containing Proved Hydrocarbon Interests which were not evaluated in the Reserve Reports used in the most recent determination of the Global Borrowing Base in the ordinary cause of business; 

(c) the sale or transfer of equipment or other assets that are no longer necessary or useful or are obsolete for the business of the Borrower
or such Restricted Subsidiary or are replaced by equipment or other assets usable in the ordinary course of business, of at least comparable value; 

(d) the sale or other disposition (including Casualty Events and Reclassifications) of such Oil and Gas Property or any interest therein
(excluding the MLP Barnett Shale Assets) or any Restricted Subsidiary owning such Oil and Gas Property or the termination, unwinding, cancelation or other disposition of Oil and Gas Swap Agreements (excluding the MLP Barnett Shale Assets);
provided that: 
 (i) except in the case of a Reclassification, the consideration received in respect of such sale or
other disposition shall be equal to or greater than the fair market value of the Oil and Gas Property (other than in the case of a Casualty Event), interest therein or Restricted Subsidiary subject of such sale or other disposition (as reasonably
determined by any Responsible Officer of the Borrower); 
 (ii) no Event of Default or Global Borrowing Base Deficiency
exists or results from such termination, unwind, cancellation, sale or disposition (including any Casualty Event or Reclassification); 

(iii) if during any period between two successive Redetermination Dates the aggregate amount of (A) the net cash proceeds
received by the Borrower, directly, or indirectly, from the termination, unwind, cancelation or other disposition of such Oil and Gas Swap Agreements plus (B) the Recognized Value of such Oil and Gas Properties sold or disposed of (including by
way of Casualty Events and Reclassifications) exceeds five percent (5%) of the Global Borrowing Base in effect during such period, then the Global Borrowing Base (and to the extent such Oil and Gas Properties were included in the most recent
U.S. Reserve Report, U.S. Borrowing Base) shall be automatically 

  
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reduced, effective immediately upon such termination, unwind, cancellation, sale or disposition (including any Casualty Event or Reclassification) by the amount that (x) aggregate value that
the Global Administrative Agent attributed to such Oil and Gas Swap Agreements and Oil and Gas Properties in connection with the most recent determination of the Global Borrowing Base exceeds (y) five percent (5%) of the Global Borrowing
Base in effect immediately prior to such redetermination, and the Global Borrowing Base (and, if applicable, U.S. Borrowing Base) as so reduced shall become the new Global Borrowing Base (and, if applicable, U.S. Borrowing Base) immediately upon the
date of such termination, unwind, cancellation, sale or disposition (including Casualty Events and Reclassifications), effective and applicable to the Borrower, the Global Administrative Agent, each Issuing Bank and the Lenders on such date until
the next redetermination or modification thereof hereunder; 
 (iv) if such termination, unwind, cancellation, sale or
disposition (including Reclassifications, but excluding Casualty Events) would result in an automatic redetermination of the Global Borrowing Base pursuant to this Section 9.10, the Borrower or QRCI, as applicable, shall have delivered
reasonable prior written notice thereof to the Global Administrative Agent; 
 (v) if a Global Borrowing Base Deficiency
would result from such termination, unwind, cancellation, sale or disposition (including Reclassifications but excluding Casualty Events) as a result of an automatic redetermination of the Global Borrowing Base or U.S. Borrowing Base pursuant to
this Section 9.10, (x) the Borrower (in the case of a redetermination of U.S. Borrowing Base) prepays Borrowings and/or (y) the Borrower and QRCI (in the case of a redetermination of the Global Borrowing Base) prepay Borrowings or
Canadian Borrowings, as applicable, prior to or contemporaneously with the consummation of such termination, unwind, cancellation, sale or disposition (including Reclassifications but excluding Casualty Events), to the extent that such prepayment
would have been required under Section 3.04(c)(iii) (without giving effect to any 30-day period for payment contained therein) after giving effect to such automatic redetermination of the Global Borrowing Base and/or U.S. Borrowing Base; and

 (vi) if a Global Borrowing Base Deficiency would directly result from a Casualty Event as a result of an automatic
redetermination of the Global Borrowing Base or the U.S. Borrowing Base pursuant to this Section 9.10, Section 3.04(c)(ii) shall apply. 

For purposes of this clause (d), such five percent (5%) shall be determined without giving effect to any asset swaps of Oil and Gas
Properties evaluated in the Reserve Reports used in the most recent determination of the Global Borrowing Base for other Oil and Gas Properties of equal or greater Recognized Value; 

(e) the sale of Oil and Gas Properties in connection with tax credit transactions complying with §29 of the Code or any other analogous
provision of the Code or of Canadian tax law whether now existing or hereafter enacted, which sale does not result in a reduction in the right of the Borrower or any Restricted Subsidiary to receive the cash flow from such Oil and Gas Properties and
which sale is on terms reasonably acceptable to the Global Administrative Agent; 

  
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 (f) transfers and other dispositions among the Borrower and the Restricted Subsidiaries subject
to compliance with Section 8.13; 
 (g) transfers permitted by Section 9.09; 

(h) transfer or assignment of the Existing Midstream Assets as contemplated by the Midstream Joint Venture; and 

(i) transfers and other dispositions of Oil and Gas Properties and Oil and Gas Swap Agreements as contemplated by the Barnett Shale
Transaction; provided that, notwithstanding the foregoing, if the contribution of the Equity Interests of MLP Opco to MLP is consummated prior to delivery by the Global Administrative Agent of the Proposed Borrowing Base Notice relating to
the Scheduled Redetermination of the Global Borrowing Base and U.S. Borrowing Base in May 2012, then each of the Global Borrowing Base and U.S. Borrowing Base will be reduced by $200,000,000; provided further that if the cash proceeds of the Barnett
Shale Transaction are not applied by the Borrower within 45 days of the consummation thereof to repay, repurchase (including. without limitation, through a tender offer) or retire at least $300,000,000 of principal amount of Existing Debt of the
Borrower, the Global Borrowing Base and U.S. Borrowing Base will each be reduced by an additional $75,000,000. 
 Section 9.11
Transactions with Affiliates. The Borrower will not, and will not permit any Restricted Subsidiary to, enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of Property or the rendering of any
service, with any Affiliate (other than the Guarantors), unless such transactions are not otherwise prohibited under this Agreement and are upon fair and reasonable terms no less favorable to it than it would obtain in a comparable arm’s length
transaction with a Person not an Affiliate; provided that any transaction with any Affiliate as contemplated by the Midstream Joint Venture (including the ongoing transactions contemplated thereunder) and the Barnett Shale Transaction
(including the ongoing transactions contemplated thereunder) shall be permitted. 
 Section 9.12 Negative Pledge Agreements;
Dividend Restrictions. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any contract, agreement or understanding which in any way prohibits or restricts the granting, conveying,
creation or imposition of any Lien on any of its Oil and Gas Property or its Equity Interests in Restricted Subsidiaries in favor of the Administrative Agents, the Secured Parties and the Canadian Secured Parties or restricts any Restricted
Subsidiary from paying dividends or making distributions to the Borrower or any Guarantor, or which requires the consent of or notice to other Persons in connection therewith; provided, however, that the preceding restrictions will not apply
to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments, (b) Debt permitted by Section 9.02 secured by Liens permitted by Section 9.03 (subject to the penultimate sentence
thereof and only to the extent related to the Property on which such Liens were created), or any contract, agreement or understanding creating Liens permitted by Section 9.03 (subject to the penultimate sentence thereof and only to the extent
related to the Property on which such Liens were created), (c) any leases or licenses or similar contracts as they affect any Oil and Gas Property or Lien subject to a lease or license, (d) any restriction with respect to a Restricted
Subsidiary imposed pursuant to an agreement entered into for the direct or indirect sale or disposition of all or substantially all the 

  
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equity or Oil and Gas Property of such Restricted Subsidiary (or the Oil and Gas Property that is subject to such restriction) pending the closing of such sale or disposition, or
(e) customary provisions with respect to the distribution of Oil and Gas Property in joint venture agreements. 
 Section 9.13
Swap Agreements. The Borrower will not, nor will the Borrower permit any Restricted Subsidiary to, enter into any new Oil and Gas Swap Agreements which would cause the volume of Hydrocarbons with respect to which a settlement payment is
calculated under all Oil and Gas Swap Agreements (including such new transactions) to which the Borrower and/or any Restricted Subsidiary is a party as of the date such Oil and Gas Swap Agreements are entered into to exceed (a) (i) for the
calendar year in which such new Oil and Gas Swap Agreements are entered into (the “Initial Measurement Period”), eighty-five percent (85%) of the aggregate of the Borrower’s and its Restricted Subsidiaries’ anticipated
production from Proved Hydrocarbon Interests for each of oil and gas (including natural gas liquids), calculated separately, (ii) for the calendar year immediately following the end of the Initial Measurement Period (the “Second
Measurement Period”), eighty percent (80%) of the aggregate of the Borrower’s and its Restricted Subsidiaries’ anticipated production from Proved Hydrocarbon Interests for each of oil and gas (including natural gas liquids),
calculated separately, (iii) for the calendar year immediately following the end of the Second Measurement Period (the “Third Measurement Period”), seventy-five percent (75%) of the aggregate of the Borrower’s and its
Restricted Subsidiaries’ anticipated production from Proved Hydrocarbon Interests for each of oil and gas (including natural gas liquids), calculated separately and (iv) for the calendar year immediately following the end of the Third
Measurement Period and for each calendar year thereafter, one hundred percent (100%) of the aggregate of the Borrower’s and its Restricted Subsidiaries’ anticipated production from Proved Producing Hydrocarbon Interests for each of
oil and gas (including natural gas liquids), calculated separately, plus, in each case, (b) an amount not to exceed one hundred percent (100%) of associated royalty owners’ oil, gas and/or natural gas liquids produced from the same
wells, and which oil, gas and/or natural gas liquids the Borrower has the authority to market and sell, during the applicable measurement period; provided that the Borrower will not, nor will the Borrower permit any Restricted Subsidiary to,
permit its production from Proved Producing Hydrocarbon Interests (whether or not included or reflected in the most recent Reserve Reports delivered to the Global Administrative Agent and the Lenders pursuant to Section 8.11) during the then
current month to be less than the aggregate amount of production from Proved Producing Hydrocarbon Interests which are subject to Oil and Gas Swap Agreements during such month; provided further that the Borrower will not, nor will the
Borrower permit any Restricted Subsidiary to, (x) enter into any Oil and Gas Swap Agreements except in the ordinary course of business (and not for speculative purposes), (y) enter into any Swap Agreement for speculative purposes or with a
counterparty that is not an Approved Counterparty or (z) terminate, unwind, cancel or otherwise dispose of any Oil and Gas Swap Agreement except to the extent permitted by Section 9.10. For purposes of this Section 9.13, no basis swap
agreement, put option, or options to purchase put options shall constitute a Swap Agreement. 
 Section 9.14 Ownership of Restricted
Subsidiaries. Except as otherwise permitted hereunder, the Borrower shall not own, directly or indirectly, less than 100% of the issued and outstanding Equity Interests of each Restricted Subsidiary. 

  
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 Section 9.15 Amendments to Organizational Documents. The Borrower shall not, and
shall not permit any Restricted Subsidiary to, amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) its Organization Documents in any manner that would be reasonably expected to result in a Material Adverse
Effect. 
 ARTICLE 10 

EVENTS OF DEFAULT; REMEDIES 

Section 10.01 Events of Default. One or more of the following events shall constitute an “Event of Default”: 

(a) the Borrower shall fail to pay any principal of any Loan, any Swingline Loan or any reimbursement obligation in respect of any LC
Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof, by acceleration or otherwise. 

(b) the Borrower shall fail to pay any interest on any Loan, any Swingline Loan or any fee or any other amount (other than an amount referred
to in Section 10.01(a)) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five days. 

(c) any representation or warranty made or deemed made by or on behalf of the Borrower or any Restricted Subsidiary in or in connection with
any Loan Document or any amendment or modification of any Loan Document or waiver under such Loan Document, or in any report, certificate, financial statement or other document furnished pursuant to the provisions hereof or any Loan Document or any
amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made (or, to the extent that any such representation and warranty is qualified by materiality, any such
representation and warranty (as so qualified) shall proved to have been incorrect in any respect when made or deemed made). 
 (d) the
Borrower or any Restricted Subsidiary shall fail to observe or perform any covenant, condition or agreement contained in Section 8.01(g), Section 8.02, Section 8.03 (as to the existence of the Borrower or such Restricted Subsidiary
only), Section 8.13, or ARTICLE 9. 
 (e) the Borrower or any Restricted Subsidiary shall fail to observe or perform any covenant,
condition or agreement contained in this Agreement (other than those specified in Section 10.01(a), Section 10.01(b) or Section 10.01(d)) or any other Loan Document, and such failure shall continue unremedied for a period of 30 days
after the earlier to occur of (i) notice thereof from the Global Administrative Agent to the Borrower (which notice will be given at the request of any Lender) and (ii) a Responsible Officer of the Borrower or such Restricted Subsidiary
otherwise becoming aware of such failure; provided that, for the avoidance of doubt, if the Borrower fails to deliver any financial statements, certificates or other information within the time period required by Sections 8.01, 8.02, 8.11 or
8.13 and subsequently delivers such financial statements, certificates or other information as required by such Sections prior to acceleration or the exercise of any remedy by the Lenders, then such Event of Default shall be deemed to have been
cured and/or waived without any further action by the Global Administrative Agent or Lenders. 

  
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 (f) the Borrower or any Restricted Subsidiary shall fail to make any payment of principal in
respect of any Material Debt or the Canadian Credit Agreement, in each case, when and as the same shall become due and payable, beyond any applicable grace period provided with respect thereto and which failure shall continue uncured or unremedied.

 (g) any event or condition occurs that results in any Material Debt or the Canadian Credit Agreement, in each case, becoming due prior to
its scheduled maturity or that enables or permits (with or without the giving of notice, but after the expiration of any applicable grace period provided with respect thereto) the holder or holders of any Material Debt or any debt under the Canadian
Credit Agreement or any trustee or agent on its or their behalf to cause any Material Debt or any debt under the Canadian Credit Agreement, in each case, to become due, or to require the Redemption thereof, prior to its scheduled maturity or require
the Borrower or any Restricted Subsidiary to make an offer in respect thereof; provided that this clause (g) shall not apply to secured Debt that becomes due as a result of the voluntary sale or transfer of the property or assets
securing such Debt or to obligations of the Borrower or any Guarantor in respect of any Swap Agreement unless such Person is the defaulting party under such Swap Agreement and as a result thereof such Swap Agreement has been terminated. 

(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of the Borrower or any Restricted Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, including,
without limitation, under the Bankruptcy and Insolvency Act (Canada), the Companies Creditors Arrangement Act (Canada) or the Winding-up and Restructuring Act (Canada), or (ii) the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for the Borrower or any Restricted Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 consecutive days or
an order or decree approving or ordering any of the foregoing shall be entered. 
 (i) the Borrower or any Restricted Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, including,
without limitation, under the Bankruptcy and Insolvency Act (Canada), the Companies Creditors Arrangement Act (Canada) or the Winding-up and Restructuring Act (Canada), (ii) consent to the institution of, or fail to contest
in a timely and appropriate manner, any proceeding or petition described in Section 10.01(h), (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower
or any Restricted Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors
or (vi) take any action for the purpose of effecting any of the foregoing. 
 (j) the Borrower or any Restricted Subsidiary shall admit
in writing its inability or fail generally to pay its debts as they become due. 

  
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 (k) one or more final, non-appealable judgments for the payment of money in an aggregate amount
in excess of $45,000,000 shall be rendered against the Borrower, any Restricted Subsidiary or any combination thereof and the same shall remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed,
bonded or satisfied. 
 (l) any of the Loan Documents after delivery thereof shall for any reason, except to the extent permitted by the
terms thereof, cease to be in full force and effect and valid, binding and enforceable in accordance with their terms against the Borrower or a Guarantor party thereto or shall be repudiated by any of them in writing, or any of the Security
Instruments cease to create a valid and perfected Lien of the priority required thereby on any of the collateral purported to be covered thereby, except to the extent permitted by the terms of this Agreement, or the Borrower or any Restricted
Subsidiary or any of their Affiliates shall so state in writing. 
 (m) an ERISA Event or a Canadian Pension Plan Termination Event shall
have occurred that, in the opinion of the Majority Lenders, when taken together with all other ERISA Events or Canadian Pension Plan Termination Events that have occurred, would reasonably be expected to result in a Material Adverse Effect. 

(n) a Change in Control shall occur. 

Section 10.02 Remedies. (a) In the case of an Event of Default other than one described in Section 10.01(h),
Section 10.01(i) or Section 10.01(j), at any time thereafter during the continuance of such Event of Default, the Global Administrative Agent may, and at the request of the Majority Lenders, shall, by notice to the Borrower, take either or
both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Notes and the Loans then outstanding to be due and payable in
whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest
thereon and all fees and other obligations of the Borrower and the Guarantors accrued hereunder and under the Notes and the other Loan Documents (including, without limitation, the payment of cash collateral to secure the LC Exposure as provided in
Section 2.08(j)), shall become due and payable immediately, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by the Borrower and each
Guarantor; and in case of an Event of Default described in Section 10.01(h), Section 10.01(i) or Section 10.01(j), or upon the termination of the commitments under the Canadian Credit Agreement and acceleration of the Canadian Notes
and Canadian Loans following the occurrence of an event of default thereunder, the Commitments shall automatically terminate and the Notes and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and the
other obligations of the Borrower and the Guarantors accrued hereunder and under the Notes and the other Loan Documents (including, without limitation, the payment of cash collateral to secure the LC Exposure as provided in Section 2.08(j)),
shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower and each Guarantor. 

  
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 (b) In the case of the occurrence of an Event of Default, the Global Administrative Agent and the
Lenders will have all other rights and remedies available at law and equity. 
 (c) All proceeds realized from the liquidation or other
disposition of collateral or otherwise received after maturity of the Notes, whether by acceleration or otherwise, shall be applied: 

(i) first, pro rata to payment or reimbursement of that portion of the Secured Indebtedness constituting fees, expenses and
indemnities payable to the Global Administrative Agent, Arrangers and other Agents, each in their capacity as such; 
 (ii)
second, pro rata to payment or reimbursement of that portion of the Secured Indebtedness constituting fees, expenses and indemnities payable to the Lender; 

(iii) third, pro rata to payment of accrued interest on the Loans; 

(iv) fourth, pro rata to payment of principal outstanding on the Loans and Secured Indebtedness referred to in clause
(b) of the definition of Secured Indebtedness owing to a Secured Party; 
 (v) fifth, pro rata to any other Secured
Indebtedness; 
 (vi) sixth, to serve as cash collateral to be held by the Global Administrative Agent to secure the LC
Exposure; and 
 (vii) seventh, any excess, after all of the Secured Indebtedness shall have been indefeasibly paid in full
in cash or cash collateralized, shall be paid to the Borrower or as otherwise required by any Governmental Requirement. 
 ARTICLE 11 

THE AGENTS 

Section 11.01 Appointment; Powers. Each of the Lenders and each Issuing Bank hereby irrevocably appoints the Global Administrative
Agent as its agent and authorizes the Global Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Global Administrative Agent by the terms hereof and the other Loan Documents, together with such
actions and powers as are reasonably incidental thereto. 
 Section 11.02 Duties and Obligations of Global Administrative Agent.
The Global Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Global Administrative Agent shall not be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Global Administrative Agent is not intended to
connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law; rather, such term is used merely as a matter of market custom, and is 

  
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intended to create or reflect only an administrative relationship between independent contracting parties), (b) the Global Administrative Agent shall have no duty to take any discretionary
action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as expressly set forth herein, the Global Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Global Administrative Agent or any of its Affiliates in any capacity. The Global Administrative Agent shall be
deemed not to have knowledge of any Default unless and until written notice thereof is given to the Global Administrative Agent by the Borrower or a Lender, and shall not be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or under any other Loan Document or in connection
herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of
this Agreement, any other Loan Document or any other agreement, instrument or document, (v) the satisfaction of any condition set forth in ARTICLE 6 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered
to the Global Administrative Agent or those conditions precedent expressly required to be to the Global Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or
other condition of the Borrower and its Subsidiaries or any other obligor or guarantor, or (vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any other Loan Document or
the performance or observance of any covenants, agreements or other terms or conditions set forth herein or therein. For purposes of determining compliance with the conditions specified in ARTICLE 6, each Lender shall be deemed to have consented to,
approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Global Administrative Agent shall have received written notice
from such Lender prior to the proposed closing date specifying its objection thereto. 
 Section 11.03 Action by Global
Administrative Agent. The Global Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents
that the Global Administrative Agent is required to exercise in writing as directed by the Majority Lenders, the Required U.S. Lenders or the Lenders, as applicable (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 12.02) and in all cases the Global Administrative Agent shall be fully justified in failing or refusing to act hereunder or under any other Loan Documents unless it shall (a) receive written
instructions from the Majority Lenders, the Required Lenders or the Lenders, as applicable, (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.02) specifying the action to
be taken and (b) be indemnified to its satisfaction by the Lenders against any and all liability and expenses which may be incurred by it by reason of taking or continuing to take any such action. The instructions as aforesaid and any action
taken or failure to act pursuant thereto by the Global Administrative Agent shall be binding on all of the Lenders. If a Default has occurred and is continuing, then the Global Administrative Agent shall take such action with respect to such Default
as shall be directed by the requisite Lenders in the written instructions (with indemnities) described in this 

  
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Section 11.03, provided that, unless and until the Global Administrative Agent shall have received such directions, the Global Administrative Agent may (but shall not be obligated to) take
such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interests of the Lenders. In no event, however, shall the Global Administrative Agent be required to take any action which exposes
the Global Administrative Agent to personal liability or which is contrary to this Agreement, the Loan Documents or applicable law. If a Default has occurred and is continuing, neither the Syndication Agent nor the Co-Documentation Agents shall have
any obligation to perform any act in respect thereof. The Global Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Majority Lenders or the Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.02), and otherwise the Global Administrative Agent shall not be liable for any action taken or not taken by it in its capacity as the Global
Administrative Agent hereunder or under any other Loan Document or under any other document or instrument referred to or provided for herein or therein or in connection herewith or therewith INCLUDING ITS OWN ORDINARY NEGLIGENCE, except for its own
gross negligence or willful misconduct. 
 Section 11.04 Reliance by Global Administrative Agent. The Global Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the
proper Person. The Global Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon and each of the Borrower, the
Lenders and each Issuing Bank hereby waives the right to dispute the Global Administrative Agent’s record of such statement, except in the case of gross negligence or willful misconduct by the Global Administrative Agent. The Global
Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any
such counsel, accountants or experts. The Global Administrative Agent may deem and treat the payee of any Note as the holder thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof permitted hereunder
shall have been filed with the Global Administrative Agent. 
 Section 11.05 Subagents. The Global Administrative Agent may
perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Global Administrative Agent. The Global Administrative Agent and any such sub-agent may perform any and all of its duties
and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding Sections of this ARTICLE 11 shall apply to any such sub-agent and to the Related Parties of the Global Administrative Agent and
any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Global Administrative Agent. 

Section 11.06 Resignation of Global Administrative Agent. Subject to the appointment and acceptance of a successor Global
Administrative Agent as provided in this Section 11.06, the Global Administrative Agent may resign at any time by notifying the Lenders, each Issuing Bank and the Borrower. Upon any such resignation, the Majority Lenders shall have the right, in


  
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consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within thirty (30) days
after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders and each Issuing Bank, appoint a successor Agent which shall be a bank with an office in the United States, or an Affiliate of any such
bank. Upon the acceptance of its appointment as Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged
from its duties and obligations hereunder. The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the Agent’s
resignation hereunder, the provisions of this ARTICLE 11 and Section 12.03 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by
any of them while it was acting as Agent. 
 Section 11.07 Agents as Lenders. Each bank serving as an Agent hereunder shall have
the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of
business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder. 
 Section 11.08 No
Reliance. Each Lender acknowledges that it has, independently and without reliance upon the Global Administrative Agent, any other Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement and each other Loan Document to which it is a party. Each Lender also acknowledges that it will, independently and without reliance upon the Global Administrative Agent, any other Agent or
any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document, any related
agreement or any document furnished hereunder or thereunder. The Agents shall not be required to keep themselves informed as to the performance or observance by the Borrower or any of its Subsidiaries of this Agreement, the Loan Documents or any
other document referred to or provided for herein or to inspect the Properties or books of the Borrower or its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the
Global Administrative Agent hereunder, no Agent or Arranger shall have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Borrower (or any of its
Affiliates) which may come into the possession of such Agent or any of its Affiliates. In this regard, each Lender acknowledges that Simpson Thacher & Bartlett LLP is acting in this transaction as special counsel to the Global
Administrative Agent only, except to the extent otherwise expressly stated in any legal opinion or any Loan Document. Each other party hereto will consult with its own legal counsel to the extent that it deems necessary in connection with the Loan
Documents and the matters contemplated therein. 

  
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 Section 11.09 Global Administrative Agent May File Proofs of Claim. In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Borrower or any of its Subsidiaries, the Global Administrative Agent (irrespective
of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Global Administrative Agent shall have made any demand on the Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans and all other Secured Indebtedness that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Global Administrative
Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Global Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Global
Administrative Agent under Section 12.03) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator
or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Global Administrative Agent and, in the event that the Global Administrative Agent shall consent to the making of such
payments directly to the Lenders, to pay to the Global Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Global Administrative Agent and its agents and counsel, and any other amounts due
the Global Administrative Agent under Section 12.03. 
 Nothing contained herein shall be deemed to authorize the Global Administrative
Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Secured Indebtedness or the rights of any Lender or to authorize the Global Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding. 
 Section 11.10 Authority Of Global Administrative
Agent To Release Collateral And Liens. Each Lender, Canadian Lender, Issuing Bank and Canadian Issuing Bank hereby or by agreeing to be bound to the Intercreditor Agreement, authorizes the Global Administrative Agent to release or subordinate
any Oil and Gas Property (other than, in the case of any such subordination, any Oil and Gas Property of the type described in clauses (a), (b), (c), (e) and (f) of the definition thereof evaluated in the Reserve Reports used in the most
recent determination of the Borrowing Base) or other collateral that is permitted to be sold, Reclassified or released or be subject to a Lien pursuant to the terms of the Loan Documents. Each Lender, Canadian Lender, Issuing Bank and Canadian
Issuing Bank hereby or by agreeing to be bound to the Intercreditor Agreement, authorizes the Global Administrative Agent to execute and deliver to the Borrower, at the Borrower’s sole cost and expense, any and all releases of Liens,
termination statements, assignments or other documents reasonably requested by the Borrower in connection with any sale, Reclassification or other disposition of Oil or Gas Property to the extent such sale, Reclassification or other disposition is
permitted by the terms of Section 9.10 or is otherwise authorized by the terms of the Loan Documents. 
 Section 11.11 The
Joint Lead Arrangers, Syndication Agent and Co-Documentation Agents. The Joint Lead Arrangers, the Syndication Agent and the Co-Documentation Agents 

  
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shall have no duties, responsibilities or liabilities under this Agreement and the other Loan Documents other than their duties, responsibilities and liabilities in their capacity as Lenders
hereunder. 
 ARTICLE 12 

MISCELLANEOUS 

Section 12.01 Notices. (a) Except in the case of notices and other communications expressly permitted to be given by
telephone (and subject to Section 12.01(b)), all notices and other communications provided for shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

 (i) if to the Borrower, to it at 801 Cherry St, Suite 3700, Unit 19, Fort Worth, Texas 76102, Attention: Vice President -
Treasurer (Telecopy No. (817) 665-5016), with a copy to General Counsel (Telecopy No. (817) 668-5012); 
 (ii) if
to the Global Administrative Agent, JPMorgan as the Issuing Bank or Swingline Lender, to it at 10 South Dearborn, Chicago, Illinois 60603-2003, Attention of Leonida Mischke (Telecopy No. (888) 292-9533), and for all other correspondence other
than borrowings, continuation, conversion and Letter of Credit requests 2200 Ross Avenue, 3rd Floor, Mail Code TX1-2911, Dallas, Texas 75201, Attention: Kimberly A. Bourgeois (Telecopy No. (214) 965-3280); and 

(iii) if to any other Lender, in its capacity as such, or any other Lender in its capacity as an Issuing Bank, to it at its
address (or telecopy number) set forth in its Administrative Questionnaire. 
 (b) Notices and other communications to the Lenders hereunder
may be delivered or furnished by electronic communications pursuant to procedures approved by the Global Administrative Agent; provided that the foregoing shall not apply to notices pursuant to ARTICLE 2, ARTICLE 3, ARTICLE 4 and ARTICLE 5
unless set forth herein or otherwise agreed by the Global Administrative Agent and the applicable Lender. The Global Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications and any such approval of procedures in respect of electronic communications by
any Lender or the Global Administrative Agent may be revoked at any time by any such Lender or by the Global Administrative Agent. In connection with any such revocation, if such Lender or the Global Administrative Agent elects not to receive
electronic communications (including those by electronic mail), then such electronic communications (including electronic mail) shall not be a valid method of delivering notices hereunder to such Person notwithstanding any provision hereof to the
contrary. 
 (c) Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the
other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if received by the recipient during its normal
business hours. 

  
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 Section 12.02 Waivers; Amendments. (a) No failure on the part of any party
hereto to exercise and no delay in exercising, and no course of dealing with respect to, any right, power or privilege, or any abandonment or discontinuance of steps to enforce such right, power or privilege, under any of the Loan Documents shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights
and remedies of the Global Administrative Agent, any other Agent, each Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver
of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by Section 12.02(b), and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of
whether the Global Administrative Agent, any other Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. 

(b) Neither this Agreement nor any provision hereof nor any Security Instrument nor any provision thereof may be waived, amended or modified
except pursuant to an agreement or agreements in writing entered into by the Borrower and the Majority Lenders or by the Borrower and the Global Administrative Agent with the consent of the Majority Lenders; provided that no such agreement
shall 
 (i) increase the Maximum Credit Amount of any Lender without the written consent of such Lender; 

(ii) increase the Global Borrowing Base without the written consent of the Super-majority Lenders, decrease or maintain the
Global Borrowing Base without the consent of Required Lenders, increase the U.S. Borrowing Base without the written consent of the Super-majority U.S. Lenders, decrease or maintain the U.S. Borrowing Base without the consent of Required U.S. Lenders
or modify Section 2.07 or 2.09 without the written consent of all of the Lenders (other than any Defaulting Lender); provided that a Scheduled Redetermination may be postponed by the Required Lenders; 

(iii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees
payable hereunder, or reduce any other Secured Indebtedness hereunder or under any other Loan Document, without the written consent of each Lender affected thereby; 

(iv) postpone the scheduled date of payment or prepayment of the principal amount of any Loan or LC Disbursement (which, for
the avoidance of doubt, shall not include any mandatory prepayment pursuant to Section 3.04(c)), or any interest thereon, or any fees payable hereunder, or any other Secured Indebtedness hereunder or under any other Loan Document, or reduce the
amount of, waive or excuse any such payment, or postpone or extend the Termination Date without the written consent of each Lender affected thereby; 

  
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 (v) change Section 4.01(b) or Section 4.01(c) in a manner that would alter the
pro rata sharing of payments required thereby, in each case, without the written consent of each Lender adversely affected thereby, or change Section 10.02(c) without the written consent of each Person entitled to distribution who is adversely
affected thereby; 
 (vi) waive or amend Section 3.04(c), Section 6.01, Section 8.13(a), or Section 12.14, without the
written consent of each Lender (other than any Defaulting Lender); 
 (vii) release any Guarantor (except as set forth in the
Guaranty Agreement, Section 8.13(d), Section 9.10(d) or Section 12.17) or release all or substantially all of the collateral (other than as provided in Section 11.10), without the written consent of each Lender (other than any Defaulting
Lender); 
 (viii) change any of the provisions of this Section 12.02(b) or any other provision hereof specifying the number
or percentage of Lenders required to waive, amend or modify any rights hereunder or under any other Loan Documents or make any determination or grant any consent hereunder or any other Loan Documents, in each case to the extent that such provision
specifies that all Lenders (including Defaulting Lenders) must make any determination or grant any consent hereunder or under any other Loan Documents, without the written consent of each Lender; or 

(ix) change the definitions of “Required Lenders”, “Required U.S. Lenders”, “Super-majority Lenders,
“Super-majority U.S. Lender” “ or “Majority Lenders” or any other provisions hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or under any other Loan Documents or
make any determination or grant any consent hereunder or any other Loan Documents to the extent that such provision does not require the approval or consent of a Defaulting Lender, in each case without the written consent of each Lender (other than
any Defaulting Lender); 
 provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of
the Global Administrative Agent, any other Agent, the Swingline Lender, or any Issuing Bank hereunder or under any other Loan Document without the prior written consent of the Global Administrative Agent, such other Agent, the Swingline Lender or
such Issuing Bank, as the case may be. Notwithstanding the foregoing, any supplement to Schedule 7.11 (Subsidiaries) shall be effective, after compliance with the requirements of Section 12.17, simply by delivering to the Global Administrative
Agent a supplemental schedule clearly marked as such and, upon receipt, the Global Administrative Agent will promptly deliver a copy thereof to the Lenders. Notwithstanding the foregoing, no amendment or modification to (x) ARTICLE 7, ARTICLE
8, ARTICLE 9 or ARTICLE 10 to this Agreement or (y) any terms defined in this Agreement to the extent that the amendment or modification of such terms would affect the operation of such ARTICLES shall be effective without the corresponding
amendment or modification to ARTICLE 7, ARTICLE 8, ARTICLE 9 or ARTICLE 10 to the Canadian Credit Agreement or the corresponding terms defined in the Canadian Credit Agreement. 

Section 12.03 Expenses, Indemnity; Damage Waiver. (a) The Borrower shall pay (i) all reasonable and substantiated
out-of-pocket expenses incurred by the Global Administrative 

  
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Agent and its Affiliates, including, without limitation, the reasonable and substantiated fees, charges and disbursements of one (1) outside counsel, applicable local counsel and other
outside consultants for the Global Administrative Agent, the reasonable travel, photocopy, mailing, courier, telephone and other similar expenses, and the cost of environmental audits and surveys and appraisals, in connection with the syndication of
the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration (both before and after the execution hereof and including advice of counsel to the Global Administrative Agent as to the rights and
duties of the Global Administrative Agent and the Lenders with respect thereto) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of or consents related to the provisions hereof or thereof (whether or not
the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and substantiated out-of-pocket costs, expenses, Taxes, assessments and other charges incurred by any Agent or any Lender in connection with any filing,
registration, recording or perfection of any security interest contemplated by this Agreement or any Security Instrument or any other document referred to therein, (iii) all reasonable and substantiated out-of-pocket expenses incurred by each
Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit issued by such Issuing Bank or any demand for payment thereunder, (iv) all out-of-pocket expenses incurred by any Agent, the Swingline Lender,
any Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for any Agent, the Swingline Lender, any Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in connection with this
Agreement or any other Loan Document, including its rights under this Section 12.03, or in connection with the Loans made or Letters of Credit issued hereunder, including, without limitation, all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 
 (b) THE BORROWER SHALL INDEMNIFY EACH AGENT, EACH
ARRANGER, THE SWINGLINE LENDER, EACH ISSUING BANK AND EACH LENDER, AND EACH RELATED PARTY OF ANY OF THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND DEFEND AND HOLD EACH INDEMNITEE HARMLESS FROM,
ANY AND ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED EXPENSES, INCLUDING THE FEES, CHARGES AND DISBURSEMENTS OF ANY COUNSEL FOR ANY INDEMNITEE, INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR
AS A RESULT OF (i) THE EXECUTION OR DELIVERY OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, THE PERFORMANCE BY THE PARTIES HERETO OR THE PARTIES TO ANY OTHER LOAN DOCUMENT OF THEIR
RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR BY ANY OTHER LOAN DOCUMENT, (ii) THE FAILURE OF THE BORROWER OR ANY RESTRICTED SUBSIDIARY TO COMPLY WITH THE TERMS OF ANY LOAN
DOCUMENT, INCLUDING THIS AGREEMENT, OR WITH ANY GOVERNMENTAL REQUIREMENT, (iii) ANY INACCURACY OF ANY REPRESENTATION OR ANY BREACH OF ANY WARRANTY OR COVENANT OF THE BORROWER OR ANY GUARANTOR SET FORTH IN ANY OF THE LOAN DOCUMENTS OR ANY
INSTRUMENTS, DOCUMENTS OR CERTIFICATIONS DELIVERED IN CONNECTION THEREWITH, (iv) ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE 

  
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PROCEEDS THEREFROM, INCLUDING, WITHOUT LIMITATION, a ANY REFUSAL BY ANY ISSUING BANK TO HONOR A DEMAND FOR PAYMENT UNDER A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH
DEMAND DO NOT STRICTLY COMPLY WITH THE TERMS OF SUCH LETTER OF CREDIT, OR b THE PAYMENT OF A DRAWING UNDER ANY LETTER OF CREDIT NOTWITHSTANDING THE NON-COMPLIANCE, NON-DELIVERY OR OTHER IMPROPER PRESENTATION OF THE DOCUMENTS PRESENTED IN CONNECTION
THEREWITH, (v) ANY OTHER ASPECT OF THE LOAN DOCUMENTS, (vi) THE OPERATIONS OF THE BUSINESS OF THE BORROWER AND ITS SUBSIDIARIES BY THE BORROWER AND ITS SUBSIDIARIES, (vii) ANY ASSERTION THAT THE LENDERS WERE NOT ENTITLED TO RECEIVE
THE PROCEEDS RECEIVED PURSUANT TO THE SECURITY INSTRUMENTS, (viii) ANY ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY RESTRICTED SUBSIDIARY OR ANY OF THEIR PROPERTIES OR OPERATIONS, INCLUDING, THE PRESENCE, GENERATION, STORAGE, RELEASE,
THREATENED RELEASE, USE, TRANSPORT, DISPOSAL, ARRANGEMENT OF DISPOSAL OR TREATMENT OF HAZARDOUS MATERIALS ON OR AT ANY OF THEIR PROPERTIES, (ix) ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE BORROWER OR ANY OF ITS RESTRICTED
SUBSIDIARIES, OR (x) ANY ACTUAL OR PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO, AND
SUCH INDEMNITY SHALL EXTEND TO EACH INDEMNITEE NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING WITHOUT LIMITATION, ALL TYPES OF
NEGLIGENT CONDUCT IDENTIFIED IN THE RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES; PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO
ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES (X) ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NONAPPEALABLE JUDGMENT TO HAVE RESULTED FROM THE GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE, (Y) RELATE TO CLAIMS BETWEEN OR AMONG ANY OF THE LENDERS, THE GLOBAL ADMINISTRATIVE AGENT, THE ARRANGERS OR ANY OF THEIR AFFILIATES, SHAREHOLDERS, PARTNERS OR MEMBERS OR (Z) ARE IN RESPECT OF ANY
PROPERTY FOR ANY OCCURRENCE ARISING FROM THE ACTS OR OMISSIONS OF THE GLOBAL ADMINISTRATIVE AGENT OR ANY LENDER DURING THE PERIOD AFTER WHICH SUCH PERSON, ITS SUCCESSORS OR ASSIGNS HAVE OBTAINED POSSESSION OF SUCH PROPERTY (WHETHER BY FORECLOSURE OR
DEED IN LIEU OF FORECLOSURE, AS MORTGAGEE-IN-POSSESSION OR OTHERWISE). 
 (c) To the extent that the Borrower fails to pay any amount
required to be paid by it to any Agent, any Arranger, the Swingline Lender, or any Issuing Bank under Section 12.03(a) or (b), each Lender severally agrees to pay to such Agent, such Arranger, the Swingline Lender, or such Issuing Bank, as the
case may be, such Lender’s Applicable Percentage (determined as 

  
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of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against such Agent, such Arranger, the Swingline Lender, or such Issuing Bank in its capacity as such. 

(d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument
contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 
 (e) All amounts due
under this Section 12.03 shall be payable not later than 30 days after written demand therefor. 
 Section 12.04 Successors and
Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any
Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without
such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 12.04. Nothing in this Agreement, expressed or implied, shall be construed to
confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in Section 12.04(c))
and, to the extent expressly contemplated hereby, the Related Parties of each of the Global Administrative Agent, each Issuing Bank, the Swingline Lender, and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b) (i) Subject to the conditions set forth in Section 12.04(b)(ii), any Lender may assign to one or more assignees all or a
portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of: 

(A) the Borrower, provided that no consent of the Borrower shall be required if such assignment is to a Lender, an
Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, is to any other assignee; and 

(B) the Global Administrative Agent, provided that no consent of the Global Administrative Agent shall be required for
an assignment to an assignee that is a Lender, Affiliate of a Lender or an Approved Fund of a Lender immediately prior to giving effect to such assignment. 

  
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 (ii) Assignments shall be subject to the following additional conditions: 

(A) except for an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, (1) in the
case of an assignment to a Lender or an Affiliate of a Lender, the amount of the unused Commitment and Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Global Administrative Agent) shall not be less than $2,500,000 and the amount of the Commitment or Loans of the assigning Lender after such assignment shall not be less than $2,500,000 unless each of the Borrower and
the Global Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing and (2) in the case of an assignment to an assignee other than a
Lender or an Affiliate of a Lender, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Global
Administrative Agent) shall not be less than $5,000,000 and the amount of the unused Commitment and Loans of the assigning Lender after such assignment shall not be less than $5,000,000 unless each of the Borrower and the Global Administrative Agent
otherwise consent, provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing; 

(B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement; 
 (C) the parties to each assignment shall execute and deliver to the Global
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; 
 (D) the
assignee, if it shall not be a Lender, shall deliver to the Global Administrative Agent an Administrative Questionnaire; 

(E) in no event may any Lender assign all or a portion of its rights and obligations under this Agreement to the Borrower or
any Affiliate of the Borrower; and 
 (F) the assignee must not be a Defaulting Lender. 

(iii) Subject to Section 12.04(b)(iv) and the acceptance and recording thereof, from and after the effective date
specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Section 5.01, Section 5.02, Section 5.03 and Section 12.03). Any assignment or transfer by a
Lender 

  
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of rights or obligations under this Agreement that does not comply with this Section 12.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with Section 12.04(c). 
 (iv) The Global Administrative Agent, acting for this purpose
as an agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Maximum Credit Amount of, and principal
amount of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Global
Administrative Agent, each Issuing Bank and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. In connection with any changes to the Register, if necessary, the Global
Administrative Agent will reflect the revisions on Annex I and forward a copy of such revised Annex I to the Borrower, each Issuing Bank and each Lender. 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the
assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in Section 12.04(b) and any written consent to such assignment required by Section
12.04(b), the Global Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this Section 12.04(b). 
 (c) (i) Any Lender may, without the consent of the Borrower, the Global Administrative
Agent, the Swingline Lender or any Issuing Bank, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrower, the Global Administrative Agent, each Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or
waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the proviso to
Section 12.02 that affects such Participant. In addition such agreement must provide that the Participant be bound by the provisions of Section 12.03. Subject to Section 12.04(c)(ii), the Borrower agrees that each Participant shall be entitled to
the benefits of Section 5.01, Section 5.02 and Section 5.03 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.04(b). To the extent permitted by law, each Participant also shall be entitled
to the benefits of Section 12.08 as though it were a Lender, provided such Participant agrees to be subject to Section 4.01(c) as though it were a Lender. 

  
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 (ii) A Participant shall not be entitled to receive any greater payment under
Section 5.01 or Section 5.03 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior
written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 5.03 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for
the benefit of the Borrower, to comply with Section 5.03(e) as though it were a Lender. 
 (iii) Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and related interest amounts) of each
participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive, absent manifest error, and such Lender shall treat each
person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. No Lender shall have any obligation to disclose all or any portion of the
Participant Register to the Borrower or any other Person (including the identity of any participant or any information relating to a participant’s interest in any obligations under any Loan Document) except to the extent that such disclosure is
necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. For the avoidance of doubt, the Global Administrative Agent (in
its capacity as Global Administrative Agent) shall have no responsibility for maintaining a Participant Register. 
 (d) Any Lender may at
any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including, without limitation, any pledge or assignment to secure obligations to a Federal Reserve Bank or
central bank, and this Section 12.04(d) shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (e) Notwithstanding any other provisions of this Section
12.04, no transfer or assignment of the interests or obligations of any Lender or any grant of participations therein shall be permitted if such transfer, assignment or grant would require the Borrower and the Guarantors to file a registration
statement with the SEC or to qualify the Loans under the “Blue Sky” laws of any state. 
 Section 12.05 Survival; Revival;
Reinstatement. (a) All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document
shall be considered to have been relied upon by the other parties hereto and shall 

  
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survive the execution and delivery of this Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its
behalf and notwithstanding that the Global Administrative Agent, any other Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or any incorrect representation or warranty at the time any credit is extended
hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and
so long as the Commitments have not expired or terminated. The provisions of Section 5.01, Section 5.02, Section 5.03 and Section 12.03 and ARTICLE 11 shall survive and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement, any other Loan Document or any provision hereof or thereof. 

(b) To the extent that any payments on the Secured Indebtedness or proceeds of any collateral are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent, the Secured Indebtedness so satisfied shall be
revived and continue as if such payment or proceeds had not been received and the Global Administrative Agent’s and the Lenders’ Liens, security interests, rights, powers and remedies under this Agreement and each Loan Document shall
continue in full force and effect. In such event, each Loan Document shall be automatically reinstated and the Borrower shall take such action as may be reasonably requested by the Global Administrative Agent and the Lenders to effect such
reinstatement. 
 Section 12.06 Counterparts; Integration; Effectiveness. (a) This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. 

(b) This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Agents and other matters
constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof. THIS AGREEMENT
AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO 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. 
 (c) Except as provided in Section 6.01, this Agreement shall become effective when it shall have been executed by
the Global Administrative Agent and when the Global Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or electronic mail shall be effective as delivery of a manually executed counterpart
of this Agreement. 

  
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 Section 12.07 Severability. Any provision of this Agreement or any other Loan
Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. If it becomes illegal for any Lender to hold or benefit from a Lien
over real property pursuant to any law, such Lender shall notify the Global Administrative Agent and disclaim any benefit of such security interest to the extent of such illegality, but such illegality shall not invalidate or render unenforceable
such Lien for the benefit of each of the other Lenders. 
 Section 12.08 Right of Setoff. If an Event of Default shall have
occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other obligations (of whatsoever kind, including, without limitation, obligations under Swap Agreements) at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower or
any Restricted Subsidiary against any of and all the obligations of the Borrower or any Restricted Subsidiary owed to such Lender now or hereafter existing under this Agreement or any other Loan Document, irrespective of whether or not such Lender
shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each Lender under this Section 12.08 are in addition to other rights and remedies (including other rights of
setoff) which such Lender or its Affiliates may have. 
 Section 12.09 GOVERNING LAW; JURISDICTION. (a) THIS AGREEMENT, THE
NOTES AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE IN ANY WAY TO THIS AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (b) ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THE LOAN DOCUMENTS SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EITHER CASE LOCATED IN NEW YORK COUNTY, NEW YORK, AND, BY EXECUTION
AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY LAW) IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY
OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS.
THIS SUBMISSION TO JURISDICTION IS NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM OBTAINING JURISDICTION OVER ANOTHER PARTY IN ANY COURT OTHERWISE HAVING JURISDICTION. 

  
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 (c) EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS
IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION 12.01 OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO SECTION 12.01 (OR ITS ASSIGNMENT
AND ASSUMPTION), SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER OF A NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL
PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 
 (d) EACH PARTY HEREBY (i) IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY WAIVES, TO THE MAXIMUM
EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (iii) CERTIFIES THAT NO PARTY
HERETO NOR ANY REPRESENTATIVE OR AGENT OR COUNSEL FOR ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (iv) ACKNOWLEDGES THAT
IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 12.09. 

Section 12.10 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 12.11 Confidentiality. Each of the Global Administrative Agent, each Issuing Bank and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority,
(c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement or any other Loan Document, (e) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section 12.11, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement (provided that such Person agrees in
writing 

  
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to be bound by the provisions of this Section 12.11) or (ii) any actual or prospective counterparty (or its advisors) to any securitization or Swap Agreement relating to the Borrower and its
obligations or any credit insurance provider (provided that each such Person agrees in writing to be bound by the provisions of this Section 12.11), (g) with the consent of the Borrower or (h) to the extent such Information
(i) becomes publicly available other than as a result of a breach of this Section 12.11 or (ii) becomes available to the Global Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the
Borrower. For the purposes of this Section 12.11, “Information” means all information received from the Borrower or any Restricted Subsidiary relating to the Borrower or any Restricted Subsidiary and their businesses, other than any such
information that is available to the Global Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower or a Restricted Subsidiary; provided that, in the case of information received
from the Borrower or any Restricted Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section
12.11 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Section 12.12 Interest Rate Limitation. It is the intention of the parties hereto that each Lender shall conform strictly to usury
laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Lender under laws applicable to it (including the laws of the United States of America and the State of Texas or any other jurisdiction whose
laws may be mandatorily applicable to such Lender notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in any of the Loan Documents or any agreement entered into in connection with or
as security for the Notes, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under law applicable to any Lender that is contracted for, taken, reserved, charged or received by such Lender under any of
the Loan Documents or agreements or otherwise in connection with the Loans shall under no circumstances exceed the maximum amount allowed by such applicable law, and any excess shall be canceled automatically and if theretofore paid shall be
credited by such Lender on the principal amount of the Secured Indebtedness (or, to the extent that the principal amount of the Secured Indebtedness shall have been or would thereby be paid in full, refunded by such Lender to the Borrower); and
(ii) in the event that the maturity of the Loans is accelerated by reason of an election of the holder thereof resulting from any Event of Default under this Agreement or otherwise, or in the event of any required or permitted prepayment, then
such consideration that constitutes interest under law applicable to any Lender may never include more than the maximum amount allowed by such applicable law, and excess interest, if any, provided for in this Agreement or otherwise shall be canceled
automatically by such Lender as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender on the principal amount of the Secured Indebtedness (or, to the extent that the principal amount of the Secured
Indebtedness shall have been or would thereby be paid in full, refunded by such Lender to the Borrower). All sums paid or agreed to be paid to any Lender for the use, forbearance or detention of sums due hereunder shall, to the extent permitted by
law applicable to such Lender, be amortized, prorated, allocated and spread throughout the actual full term of the Loans until payment in full so that the rate or amount of interest on account of any Loans hereunder does not exceed the maximum
amount allowed by such applicable law. If at any time and from time to time (A) the amount of interest payable to any Lender on any date shall be 

  
 137 








 
computed at the Highest Lawful Rate applicable to such Lender pursuant to this Section 12.12 and (B) in respect of any subsequent interest computation period the amount of interest otherwise
payable to such Lender would be less than the amount of interest payable to such Lender computed at the Highest Lawful Rate applicable to such Lender, then the amount of interest payable to such Lender in respect of such subsequent interest
computation period shall continue to be computed at the Highest Lawful Rate applicable to such Lender until the total amount of interest payable to such Lender shall equal the total amount of interest which would have been payable to such Lender if
the total amount of interest had been computed without giving effect to this Section 12.12. To the extent that Chapter 303 of the Texas Finance Code is relevant for the purpose of determining the Highest Lawful Rate applicable to a Lender, such
Lender elects to determine the applicable rate ceiling under such Chapter by the weekly ceiling from time to time in effect. Chapter 346 of the Texas Finance Code does not apply to the Borrower’s obligations hereunder. 

Section 12.13 EXCULPATION PROVISIONS. EACH OF THE PARTIES HERETO SPECIFICALLY AGREES THAT IT HAS A DUTY TO READ THIS AGREEMENT AND
THE OTHER LOAN DOCUMENTS AND AGREES THAT IT IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; THAT IT HAS IN FACT READ THIS AGREEMENT AND IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE
TERMS, CONDITIONS AND EFFECTS OF THIS AGREEMENT; THAT IT HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF ITS CHOICE THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND HAS RECEIVED THE ADVICE
OF ITS ATTORNEY IN ENTERING INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND THAT IT RECOGNIZES THAT CERTAIN OF THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS RESULT IN ONE PARTY ASSUMING THE LIABILITY INHERENT IN SOME ASPECTS OF THE
TRANSACTION AND RELIEVING THE OTHER PARTY OF ITS RESPONSIBILITY FOR SUCH LIABILITY. EACH PARTY HERETO AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION IS NOT “CONSPICUOUS.” 

Section 12.14 Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement
relating to any collateral securing the Secured Indebtedness shall also extend to and be available to the Secured Swap Providers (on a pro rata basis in respect of any such obligations of the Borrower or any of its Restricted Subsidiaries to them)
with respect to any Swap Agreement, but excluding any additional transactions or confirmations entered into (a) after such Secured Swap Provider ceases to be a Lender or an Affiliate of a Lender or (b) after assignment by a Secured Swap
Provider to a Person that is not a Lender or an Affiliate of a Lender at the time of such assignment. No Lender or any Affiliate of a Lender shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it
under any such Swap Agreements. 

  
 138 








 Section 12.15 No Third Party Beneficiaries. This Agreement, the other Loan Documents,
and the agreement of the Lenders to make Loans and the Issuing Banks to issue, amend, renew or extend Letters of Credit hereunder are solely for the benefit of the Borrower, and no other Person (including, without limitation, any Subsidiary of the
Borrower, any obligor, contractor, subcontractor, supplier or materialsman) shall have any rights, claims, remedies or privileges hereunder or under any other Loan Document against the Global Administrative Agent, any other Agent, any Issuing Bank,
the Swingline Lender, or any Lender for any reason whatsoever. There are no third party beneficiaries other than the Canadian Lenders as expressly set forth herein. 

Section 12.16 Flood Insurance Regulation. Notwithstanding any provision in any Security Instrument to the contrary, in no event is
any Building (as defined in the applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulation) located in a special flood hazard area included in the definition of “Mortgaged
Property”, “Collateral” or similar definition in any Security Instrument and no such Building or Manufactured (Mobile) Home shall be encumbered by any such Security Instrument. 

Section 12.17 USA Patriot Act Notice. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA
Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 
 Section 12.18 No
Fiduciary Duty. Each Agent, Lender and their respective Affiliates (collectively, solely for purposes of this paragraph, the “Banks”), may have economic interests that conflict with those of the Borrower and the Subsidiaries, their
stockholders and/or their Affiliates (collectively, solely for purposes of this paragraph, the “Obligors”). The Borrower agrees that nothing in the Agreement or the Loan Documents or otherwise will be deemed to create an advisory,
fiduciary or agency relationship or fiduciary or other implied duty between any Bank, on the one hand, and any Obligor, on the other. The Borrower acknowledges and agrees that (a) the transactions contemplated by the Loan Documents (including
the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Banks, on the one hand, and the Obligors, on the other, and (ii) in connection therewith and with the process leading
thereto, (x) no Bank has assumed an advisory or fiduciary responsibility in favor of any Obligor with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto
(irrespective of whether any Bank has advised, is currently advising or will advise any Obligor on other matters) or any other obligation to any Obligor except the obligations expressly set forth in the Loan Documents and (y) each Bank is
acting solely as principal and not as the agent or fiduciary of any Obligor, its management, stockholders, creditors or any other Person. The Borrower acknowledges and agrees that it has consulted its own legal and financial advisors to the extent
it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. The Borrower agrees that it will not claim that any Bank has rendered advisory services of
any nature or respect, or owes a fiduciary or similar duty to any Obligor, in connection with such transaction or the process leading thereto. 

  
 139 








 Section 12.19 Amendment and Restatement Mechanics. 

(a) On the Effective Date, subject to their reallocation among the Lenders in accordance with Annex I, all loans, participations and other
indebtedness, obligations and liabilities outstanding under the Existing Credit Agreement on such date shall continue to constitute Loans, participations, and other indebtedness, obligations and liabilities under this Agreement, and all Existing
Letters of Credit will automatically, without any further action on the part of any Person, be deemed to be Letters of Credit hereunder. 

(b) It is the intent of the parties hereto that this Agreement amends and restates in its entirety the Existing Credit Agreement and
re-evidences the obligations of the Borrower outstanding thereunder. The commitments of the “Lenders” under the Existing Credit Agreement are reallocated among the Lenders under this Agreement as set forth on Annex I and any
“Lender” under the Existing Credit Agreement who is not a Lender hereunder is released of its commitment under the Existing Credit Agreement. Each party hereby waives any requirements for notice and consent required to give effect to such
reallocations. This Agreement does not constitute a novation of the obligations and liabilities under the Existing Credit Agreement or evidence repayment of any such obligations and liabilities. 

Section 12.20 Ratification of Guaranty Agreement. Each U.S. Guarantor hereby consents and agrees to the execution of this
Agreement and hereby confirms and agrees that (a) the U.S. Guaranty is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that, upon the effectiveness of this Agreement, (i) the
reference in the U.S. Guaranty to the “Credit Agreement,” “thereunder,” “thereof” and words of like import referring to the Agreement, shall mean and be a reference to this Agreement and (ii) Section 2.12 of
this Agreement and all relevant term defined terms shall be deemed to be incorporated therein, mutatis mutandis, and apply to any U.S. Guarantor party thereto, and (b) the U.S. Guaranty does, and shall continue to, constitute a guaranty
of the Secured Indebtedness. 
 Section 12.21 Acknowledgment of Intercreditor Agreement. The Lenders acknowledge that amounts
payable by the Borrower and the Guarantors under this Agreement and the Combined Loan Documents are subject to the sharing and other provisions in the Intercreditor Agreement. 

[SIGNATURES BEGIN NEXT PAGE] 

  
 140 








 The parties hereto have caused this Agreement to be duly executed as of the day and year first
above written. 
  

			
	QUICKSILVER RESOURCES INC., a Delaware corporation
		
	By:	 	 /s/ Philip W. Cook

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer



  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – QUICKSILVER RESOURCES INC.] 








 
			
	COWTOWN PIPELINE MANAGEMENT, INC., a Texas corporation, solely with respect to Section 12.20
		
	By:	 	 /s/ Philip W. Cook

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer



  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – QUICKSILVER RESOURCES INC.] 








 
			
	COWTOWN PIPELINE FUNDING, INC., a Delaware corporation, solely with respect to Section 12.20
		
	By:	 	 /s/ Philip W. Cook

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer



  
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PAGE TO CREDIT AGREEMENT – QUICKSILVER RESOURCES INC.] 








 
			
	COWTOWN GAS PROCESSING L.P., a Texas limited partnership, solely with respect to Section 12.20
		
	By:	 	Cowtown Pipeline Management, Inc., its general partner
		
	By:	 	 /s/ Philip W. Cook

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer



  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – QUICKSILVER RESOURCES INC.] 








 
			
	COWTOWN PIPELINE L.P., a Texas limited partnership, solely with respect to Section 12.20
		
	By:	 	Cowtown Pipeline Management, Inc., its general partner
		
	By:	 	 /s/ Philip W. Cook

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer



  
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	JPMORGAN CHASE BANK, N.A., as a Lender, Issuing Bank, Swingline Lender and as Global Administrative Agent
		
	By:	 	 /s/ Michael Kamauf

		 	Name:  Michael Kamauf
		 	Title:    Authorized Officer



  
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	BANK OF AMERICA, N.A., as a Lender and as Syndication Agent
		
	By:	 	 /s/ Joseph F. Scott

		 	Name:  Joseph F. Scott
		 	Title:    Director



  
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	DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender
		
	By:	 	 /s/ Marcus M. Tarkington

		 	Name:	 	Marcus M. Tarkington
		 	Title:	 	Director
		
	By:	 	 /s/ Anca Trifan

		 	Name:	 	Anca Trifan
		 	Title:	 	Managing Director


  

					
	DEUTSCHE BANK SECURITIES INC., as a Co-Documentation Agent
		
	By:	 	 /s/ David E. Sisler

		 	Name:	 	David E. Sisler
		 	Title:	 	Director
		
	By:	 	 /s/ Scott D. Arndt

		 	Name:	 	Scott D. Arndt
		 	Title:	 	Vice President



  
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	BNP PARIBAS, as a Lender and as Co-Documentation Agent
		
	By:	 	 /s/ Richard Hawthorne

		 	Name:	 	Richard Hawthorne
		 	Title:	 	Director
		
	By:	 	 /s/ Russell Otts

		 	Name:	 	Russell Otts
		 	Title:	 	Director



  
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	WELLS FARGO BANK, N.A., as a Lender and as Co-Documentation Agent
		
	By:	 	 /s/ Catherine Stacy

		 	Name:	 	Catherine Stacy
		 	Title:	 	Vice President



  
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	UBS LOAN FINANCE LLC, as a Lender
		
	By:	 	 /s/ Irja R. Otsa

		 	Name:	 	Irja R. Otsa
		 	Title:	 	Associate Director
		
	By:	 	 /s/ Mary E. Evans

		 	Name:	 	Mary E. Evans
		 	Title:	 	Associate Director



  
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	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:	 	 /s/ Mark Sparrow

		 	Name:	 	Mark Sparrow
		 	Title:	 	Director



  
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	THE ROYAL BANK OF SCOTLAND plc, as a Lender
		
	By:	 	 /s/ Sandra Aultman

		 	Name:	 	Sandra Aultman
		 	Title:	 	Director



  
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	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
		
	By:	 	 /s/ Tom Byargeon

		 	Name:	 	Tom Byargeon
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Michael Willis

		 	Name:	 	Michael Willis
		 	Title:	 	Managing Director



  
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	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
		
	By:	 	 /s/ Nupur Kumar

		 	Name:	 	Nupur Kumar
		 	Title:	 	Vice President
		
	By:	 	 /s/ Vipul Dhadda

		 	Name:	 	Vipul Dhadda
		 	Title:	 	Associate



  
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	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Phil Ballard

		 	Name:	 	Phil Ballard
		 	Title:	 	Vice President



  
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	TORONTO DOMINION (NEW YORK) LLC, as a Lender
		
	By:	 	 /s/ Desbil Brito

		 	Name:	 	Desbil Brito
		 	Title:	 	Authorized Signatory



  
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	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Daria Mahoney

		 	Name:	 	Daria Mahoney
		 	Title:	 	Vice President



  
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	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
		
	By:	 	 /s/ Masakazu Hasegawa

		 	Name:	 	Masakazu Hasegawa
		 	Title:	 	Managing Director



  
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	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Spencer Stasney

		 	Name:	 	Spencer Stasney
		 	Title:	 	Vice President



  
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	COMERICA BANK, as a Lender
		
	By:	 	 /s/ James A. Morgan

		 	Name:	 	James A. Morgan
		 	Title:	 	Vice President



  
 [SIGNATURE
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	CIBC INC., as a Lender
		
	By:	 	 /s/ Trudy Nelson

		 	Name:	 	Trudy Nelson
		 	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Richard Antl

		 	Name:	 	Richard Antl
		 	Title:	 	Authorized Signatory



  
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	KEYBANK, N.A., as a Lender
		
	By:	 	 /s/ David Morris

		 	Name:	 	David Morris
		 	Title:	 	Vice President



  
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	EXPORT DEVELOPMENT CANADA, as a Lender
		
	By:	 	 /s/ Richard Leong

		 	Name:	 	Richard Leong
		 	Title:	 	Asset Manager
		
	By:	 	 /s/ Allan T. Quiz

		 	Name:	 	Allan T. Quiz
		 	Title:	 	Senior Asset Manager



  
 [SIGNATURE
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	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	 /s/ Mark Walton

		 	Name:	 	Mark Walton
		 	Title:	 	Authorized Signatory



  
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	BRANCH BANKING AND TRUST, as a Lender
		
	By:	 	 /s/ Ryan K. Michael

		 	Name:	 	Ryan K. Michael
		 	Title:	 	Senior Vice President



  
 [SIGNATURE
PAGE TO CREDIT AGREEMENT – QUICKSILVER RESOURCES INC.] 








 ANNEX I 
  

																	
	 Name of Lender
	  	Maximum Credit
Amount	 	  	Canadian
Maximum Credit
Amount	 	  	Combined
Maximum
Credit Amount	 	  	Combined
Applicable
Percentage	 
	 JPMorgan Chase Bank, N.A.
	  	$	110,294,117.60	  	  	$	45,555,555.55	  	  	$	155,849,673.20	  	  	 	8.8837209	% 
	 Bank of America, N.A.
	  	 	110,294,117.60	  	  	 	28,888,888.90	  	  	 	139,183,006.50	  	  	 	8.1860465	% 
	 Toronto Dominion (New York) LLC
	  	 	88,235,294.12	  	  	 	45,555,555.55	  	  	 	133,790,849.70	  	  	 	7.4883721	% 
	 BNP Paribas
	  	 	88,235,294.12	  	  	 	28,888,888.90	  	  	 	117,124,183.00	  	  	 	6.7906977	% 
	 Citibank, N.A.
	  	 	88,235,294.12	  	  	 	28,888,888.90	  	  	 	117,124,183.00	  	  	 	6.7906977	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	 	88,235,294.12	  	  	 	28,888,888.90	  	  	 	117,124,183.00	  	  	 	6.7906977	% 
	 Deutsche Bank Trust Company Americas
	  	 	88,235,294.12	  	  	 	28,888,888.90	  	  	 	117,124,183.00	  	  	 	6.7906977	% 
	 UBS Loan Finance LLC
	  	 	88,235,294.12	  	  	 	28,888,888.90	  	  	 	117,124,183.00	  	  	 	6.7906977	% 
	 Wells Fargo Bank, N.A.
	  	 	88,235,294.12	  	  	 	28,888,888.90	  	  	 	117,124,183.00	  	  	 	6.7906977	% 
	 The Bank of Nova Scotia
	  	 	36,764,705.88	  	  	 	45,555,555.55	  	  	 	82,320,261.43	  	  	 	4.2325581	% 
	 CIBC Inc.
	  	 	36,764,705.88	  	  	 	45,555,555.55	  	  	 	82,320,261.43	  	  	 	4.2325581	% 
	 Credit Agricole Corporate & Investment Bank
	  	 	36,764,705.88	  	  	 	28,888,888.90	  	  	 	65,653,594.78	  	  	 	3.5348837	% 
	 The Royal Bank of Scotland plc
	  	 	47,794,117.65	  	  	 	28,888,888.90	  	  	 	76,683,006.55	  	  	 	4.2325581	% 
	 Branch Banking and Trust
	  	 	25,735,294.12	  	  	 	28,888,888.90	  	  	 	54,624,183.02	  	  	 	2.8372093	% 
	 Comerica Bank
	  	 	25,735,294.12	  	  	 	28,888,888.90	  	  	 	54,624,183.02	  	  	 	2.8372093	% 
	 Compass Bank
	  	 	36,764,705.88	  	  	 	—  	  	  	 	36,764,705.88	  	  	 	2.3255814	% 
	 Goldman Sachs Bank USA
	  	 	51,470,588.24	  	  	 	—  	  	  	 	51,470,588.24	  	  	 	3.255814	% 
	 U.S. Bank National Association
	  	 	36,764,705.88	  	  	 	—  	  	  	 	36,764,705.88	  	  	 	2.3255814	% 
	 Export Development Canada
	  	 	25,735,294.12	  	  	 	—  	  	  	 	25,735,294.12	  	  	 	1.627907	% 
	 KeyBank, N.A.
	  	 	25,735,294.12	  	  	 	—  	  	  	 	25,735,294.12	  	  	 	1.627907	% 
	 Sumitomo Mitsui Banking Corporation
	  	 	25,735,294.12	  	  	 	—  	  	  	 	25,735,294.12	  	  	 	1.627907	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	1,250,000,000.00	  	  	$	500,000,000.00	  	  	$	1,750,000,000.00	  	  	 	100	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 








 EXHIBIT A 

FORM OF NOTE 
  

			
	$[            ]	  	[        ], 20[    ]        

 FOR VALUE RECEIVED, Quicksilver Resources Inc., a Delaware corporation (the “Borrower”),
hereby promises to pay to [            ] (the “Lender”), at the principal office of JPMorgan Chase Bank, N.A. (the “Global Administrative Agent”), at 2200
Ross Avenue, 3rd Floor, Dallas, Texas 75201, the principal sum of [        ] Dollars ($[        ]) (or such lesser amount as shall equal the aggregate unpaid principal
amount of the Loans made by the Lender to the Borrower under the Credit Agreement, as hereinafter defined), in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in the
Credit Agreement, and to pay interest on the unpaid principal amount of each such Loan, at such office, in like money and funds, for the period commencing on the date of such Loan until such Loan shall be paid in full, at the rates per annum and on
the dates provided in the Credit Agreement. 
 The date, amount, Type, interest rate, Interest Period and maturity of each Loan made by the
Lender to the Borrower, and each payment made on account of the principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this Note, may be endorsed by the Lender on the schedules attached hereto or any
continuation thereof or on any separate record maintained by the Lender. Failure to make any such notation or to attach a schedule shall not affect any Lender’s or the Borrower’s rights or obligations in respect of such Loans or affect the
validity of such transfer by any Lender of this Note. 
 This Note is one of the Notes referred to in the Amended and Restated Credit
Agreement dated as of December 22, 2011 among the Borrower, the Global Administrative Agent, and the other agents and lenders signatory thereto (including the Lender), and evidences Loans made by the Lender thereunder (such Credit Agreement as
the same may be amended, supplemented or restated from time to time, the “Credit Agreement”). Unless otherwise defined herein, capitalized terms used in this Note have the respective meanings assigned to them in the Credit
Agreement. 
 This Note is issued pursuant to, and is subject to the terms and conditions set forth in, the Credit Agreement and is entitled
to the benefits provided for in the Credit Agreement and the other Loan Documents. The Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events, for prepayments of Loans upon the terms and
conditions specified therein and other provisions relevant to this Note. 

  
 Exhibit A-1 








 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	QUICKSILVER RESOURCES INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 Exhibit A-2 








 EXHIBIT B 

FORM OF BORROWING REQUEST 

[        ], 20[    ] 

Quicksilver Resources Inc., a Delaware corporation (the “Borrower”), pursuant to Section 2.03 of the Amended and Restated
Credit Agreement dated as of December 22, 2011 (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”) among the Borrower, JPMorgan Chase Bank, N.A., as Global
Administrative Agent and the other agents and lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term defined in the Credit Agreement is used herein with the same meaning),
hereby requests a Borrowing as follows: 
 (i) Aggregate amount of the requested Borrowing is
$[        ]; 
 (ii) Date of such Borrowing is [        ],
20[    ];1 
 (iii) Requested Borrowing is to be [an ABR Borrowing]
[a Eurodollar Borrowing]; 
 (iv) In the case of a Eurodollar Borrowing, the initial Interest Period applicable thereto is
[            ]; and 
 (v) Location and number of the Borrower’s account to
which funds are to be disbursed, which shall comply with the requirements of Section 2.05 of the Credit Agreement, is as follows: 
  

	
	[                    ]
	[                    ]
	[                    ]
	[                    ]
	[                    ]

  

	1 	To be a Business Day. 


  
 Exhibit B-1 








 The undersigned certifies that he/she is a Responsible Officer of the Borrower, and that as such
he/she is authorized to execute this certificate on behalf of the Borrower. The undersigned further certifies, represents and warrants on behalf of the Borrower that the matters specified in Section 6.02(a) through (d) of the Credit
Agreement will be satisfied on the date of Borrowing specified herein. 
  

			
	QUICKSILVER RESOURCES INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 Exhibit B-1 








 EXHIBIT C 

FORM OF INTEREST ELECTION REQUEST 

[        ], 20[    ] 

Quicksilver Resources Inc., a Delaware corporation (the “Borrower”), pursuant to Section 2.04 of the Amended and
Restated Credit Agreement dated as of December 22, 2011 (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”) among the Borrower, JPMorgan Chase Bank, N.A., as Global
Administrative Agent and the other agents and lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term defined in the Credit Agreement is used herein with the same meaning),
hereby makes an Interest Election Request as follows: 
 (i) The Borrowing to which this Interest Election Request applies, and if different
options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information specified pursuant to (iii) and (iv) below shall be specified for each
resulting Borrowing) is [            ]; 
 (ii) The effective date of the
election made pursuant to this Interest Election Request is [        ], 20[    ]2; [and] 

(iii) The resulting Borrowing is to be [an ABR Borrowing] [a Eurodollar Borrowing][; and] 

[(iv) The Interest Period applicable to the resulting Borrowing after giving effect to this election is
[            ]].3 
 The
undersigned certifies that he/she is a Responsible Officer of the Borrower, and that as such he/she is authorized to execute this certificate on behalf of the Borrower. 

 

			
	QUICKSILVER RESOURCES INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  

	2 	To be a Business Day. 


	3 	To be included if the resulting Borrowing is a Eurodollar Borrowing. 


  
 Exhibit C-1 








 EXHIBIT D 

FORM OF 
 COMPLIANCE
CERTIFICATE 
 The undersigned hereby certifies that he/she is a Financial Officer of Quicksilver Resources Inc., a Delaware corporation
(the “Borrower”), and that as such he/she is authorized to execute this certificate on behalf of the Borrower. With reference to the Amended and Restated Credit Agreement dated as of December 22, 2011 (together with all
amendments, restatements, supplements or other modifications thereto the “Credit Agreement”) among the Borrower, JPMorgan Chase Bank, N.A., as Global Administrative Agent, and the other agents and lenders (the
“Lenders”) which are or become a party thereto, the undersigned represents and warrants as follows (unless otherwise defined herein, each capitalized term defined in the Credit Agreement is used herein with the same meaning): 

(a) There exists no Default [or specify Default and describe]. 

(b) Attached hereto are the reasonably detailed computations necessary to determine whether the Borrower is in compliance with
Section 9.01 of the Credit Agreement as of the end of the [fiscal quarter][fiscal year] ending [            ]. 

EXECUTED AND DELIVERED this [    ] day of [            ]. 

 

			
	QUICKSILVER RESOURCES INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 Exhibit D-1 








 EXHIBIT E-1 

SECURITY INSTRUMENTS AS OF THE EFFECTIVE DATE 

1) Guaranty Agreement dated as of September 6, 2011 (the “Guaranty Agreement”), of Cowtown Pipeline Management, Inc.
(“CPMI”), Cowtown Pipeline Funding, Inc. (“CPFI”), Cowtown Gas Processing L.P. and Cowtown Pipeline L.P. (each individually, a “Guarantor” and collectively, the “Guarantors”), in favor of
JPMorgan Chase Bank, N.A., as Global Administrative Agent (the “Global Administrative Agent”) and the other Secured Parties (as such term is defined in the Credit Agreement) 

2) Amended and Restated Pledge Agreement dated as of December 22, 2011 (the “Pledge Agreement”), among Quicksilver
Resources Inc. (“QRI”), CPMI and CPFI (each individually, a “Pledgor” and together with QRI, the “Pledgors”) and the Global Administrative Agent 

3) Financing statements in respect of item 2, naming the following entities as “debtor” and the Global Administrative Agent as
“secured party”: 
 a) QRI 

b) CPMI 

c) CPFI 

4) Stock powers delivered in respect of item 2 for the following stock certificates: 

a) Certificate No. 2 for 1,000 shares of CPFI 

b) Certificate No. 2 for 1,000,000 shares of CPMI 

c) Certificate # Com-1 for 1,905,134 shares of Quicksilver Resources Canada, Inc. 

5) First Amendment to Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing
Statement dated as of December 22, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. 

6) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated as of
September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property located in Denton County, Texas 

7) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement dated as of
September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property located in Hill County, Texas 

  
 Exhibit E-1 - 1 








 8) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture
Filing and Financing Statement dated as of September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property
located in Hood County, Texas 
 9) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and
Financing Statement dated as of September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property located in
Johnson County, Texas 
 10) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and
Financing Statement dated as of September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property located in
Parker County, Texas 
 11) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing
Statement dated as of September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property located in Somervell
County, Texas 
 12) Mortgage, Deed of Trust, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing
Statement dated as of September 6, 2011 from Quicksilver Resources Inc. to JPMorgan Chase Bank, N.A. or, alternatively, to Kimberly A. Bourgeois for the benefit of JPMorgan Chase Bank, N.A. in connection with property located in Tarrant County,
Texas 
 13) Financing statements in respect of items 5-11, naming QRI as “debtor” and the Global Administrative Agent as
“secured party”. 

  
 Exhibit E-1 - 2 








 EXHIBIT E-2 

FORM OF GUARANTY AGREEMENT 

[See attached.] 

  
 Exhibit E-2 - 1 








 GUARANTY AGREEMENT 

THIS GUARANTY AGREEMENT (as it may be amended, restated, supplemented or modified from time to time, this “Guaranty”)
is dated as of September 6, 2011, by each of the undersigned identified on the signature pages hereto as guarantors (together with any other entity that may become a party hereto as provided herein, each a “Guarantor”, and
collectively the “Guarantors”), in favor of JPMORGAN CHASE BANK, N.A. (“Administrative Agent”), each of the other Secured Parties and each of their successors and assigns as permitted pursuant to the Credit
Agreement (Administrative Agent, the Secured Parties, and their successors and assigns, collectively, the “Beneficiaries”). 

PRELIMINARY STATEMENTS 

A. Contemporaneously with the execution and delivery hereof, Quicksilver Resources Inc., a Delaware corporation (“Borrower”),
Administrative Agent, the banks and other financial institutions party thereto as “Lenders” (the “Lenders”) and the other agents party thereto are entering into a Credit Agreement dated as of the date hereof (as amended,
restated, replaced, modified or supplemented from time to time, the “Credit Agreement”) pursuant to which the Lenders agreed to make loans and other extensions of credit to Borrower for the purposes set forth therein (unless
otherwise defined herein, all terms used herein with their initial letter capitalized shall have the meaning given such terms in the Credit Agreement). 

B. The Lenders have required, as a condition to extending credit under the Credit Agreement, that each Guarantor execute and deliver this
Guaranty to guarantee the payment and performance of the Secured Indebtedness. 
 C. Each Guarantor has determined that valuable benefits
will be derived by it as a result of the Credit Agreement and the extension of credit made (and to be made) by the Lenders thereunder. 
 D.
Each Guarantor has further determined that the benefits accruing to it from the Credit Agreement exceed such Guarantor’s anticipated liability under this Guaranty. 

Accordingly, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, each Guarantor hereby
covenants and agrees as follows: 
 1. Each Guarantor hereby absolutely and unconditionally guarantees the prompt, complete and full payment
when due and payable, no matter how such shall become due and payable, of the Secured Indebtedness, and further guarantees that Borrower will properly and timely perform the Secured Indebtedness and other obligations and liabilities of Borrower and
the Restricted Subsidiaries under the Credit Agreement, Notes and other Loan Documents. 
 2. Each Guarantor covenants that, so long as any
Lender has any Commitment or any Revolving Credit Exposure under the Credit Agreement, it will, and, if necessary, will enable Borrower to, fully comply with the conditions, covenants, and agreements set forth in the Credit Agreement.
Notwithstanding any contrary provision in this Guaranty, however, each Guarantor’s maximum liability under this Guaranty is limited, to the extent, if any, required so that its liability is not subject to avoidance under applicable Debtor
Relief Laws (as such term is defined in Paragraph 9 hereof). 







 3. If any Guarantor is or becomes liable for any indebtedness owing by Borrower or any Restricted
Subsidiary to any Beneficiary by endorsement or otherwise than under this Guaranty, such liability shall not be in any manner impaired or affected hereby, and the rights of the Beneficiaries hereunder shall be cumulative of any and all other rights
that the Beneficiaries may ever have against such Guarantor. The exercise by any Beneficiary of any right or remedy hereunder or under any other instrument, at law or in equity, shall not preclude the concurrent or subsequent exercise of any other
right or remedy. 
 4. All obligations of each Guarantor hereunder, shall be absolute and unconditional irrespective of: 

(a) any extension, renewal, settlement, compromise, waiver or release in respect of any of the Secured Indebtedness, by operation of law or
otherwise, or any obligation of any other guarantor of any of the Secured Indebtedness, or any default, failure or delay, willful or otherwise, in the payment or performance of the Secured Indebtedness; 

(b) any lack of validity or enforceability relating to or against Borrower, any Restricted Subsidiary or any other Person guaranteeing any of
the Secured Indebtedness, for any reason related to the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Indebtedness, or any Governmental Requirements purporting to prohibit the
payment by Borrower, any Restricted Subsidiary or any other Person guaranteeing the Secured Indebtedness of the principal of or interest on the Secured Indebtedness; 

(c) any modification or amendment of or supplement to the Credit Agreement or any other Loan Document; 

(d) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Indebtedness, or any other
amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Indebtedness, including any increase or decrease in the rate of
interest thereon; 
 (e) any release, nonperfection or invalidity of any direct or indirect security for any obligation of Borrower or any
Restricted Subsidiary under the Credit Agreement or any other Loan Document or any obligations of any other guarantor of any of the Secured Indebtedness, any amendment or waiver of, or consent to departure from, any other guaranty or support
document, any exchange, release or non-perfection of any collateral, for all or any of the Loan Documents or Secured Indebtedness, or any action or failure to act by Administrative Agent, any Lender or any Affiliate of any Lender with respect to any
collateral securing all or any part of the Secured Indebtedness; 
 (f) any change in the corporate existence, structure or ownership of
Borrower, any Restricted Subsidiary or any other Person guaranteeing any of the Secured Indebtedness, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting Borrower, any Restricted Subsidiary or any other Person
guaranteeing any of the Secured Indebtedness, or any of their assets or any resulting release of discharge of any obligation of Borrower, any Restricted Subsidiary or any other Person guaranteeing any of the Secured Indebtedness; 

  
 2 








 (g) any present or future law, regulation or order of any jurisdiction (whether of right or in
fact) or of any agency thereof purporting to reduce, amend, restructure or otherwise affect any term of any Loan Document or Secured Indebtedness; 

(h) any other setoff, defense or counterclaim whatsoever (in any case, whether based on contract, tort or any other theory) with respect to
the Credit Agreement, any other Loan Document, any other agreement or instrument or the transactions contemplated thereby which might constitute a legal or equitable defense available to, or discharge of, Borrower or any Guarantor; or 

(i) any other act or omission to act or delay of any kind by Borrower, any Restricted Subsidiary or any other Person guaranteeing any of the
Secured Indebtedness, Administrative Agent, any Lender or any other Person or any other circumstance whatsoever which might, but for the provisions of this paragraph, constitute a legal or equitable discharge of any Guarantor’s obligations
hereunder. 
 5. In the event of default by Borrower or any Restricted Subsidiary in payment of the Secured Indebtedness, or any part
thereof, when such Secured Indebtedness becomes due and payable, either by its terms or as the result of the exercise of any power to accelerate, each Guarantor shall, on demand, and without further notice of dishonor and without any notice having
been given to such Guarantor previous to such demand of the acceptance by Beneficiaries of this Guaranty, and without any notice having been given to such Guarantor previous to such demand of the creating or incurring of such Secured Indebtedness,
pay the amount due thereon to Beneficiaries at Administrative Agent’s office as set forth in the Credit Agreement, and it shall not be necessary for any Beneficiary, in order to enforce such payment by any Guarantor, first, to institute suit or
exhaust its remedies against Borrower, any other Guarantor or others liable on such Secured Indebtedness, to have Borrower joined with any Guarantor in any suit brought under this Guaranty or to enforce its rights against any security which shall
ever have been given to secure such indebtedness; provided, however, that in the event any Beneficiary elects to enforce and/or exercise any remedies it may possess with respect to any security for the Secured Indebtedness prior to
demanding payment from any Guarantor, such Guarantor shall nevertheless be obligated hereunder for any and all sums still owing to Beneficiaries on the Secured Indebtedness and not repaid or recovered incident to the exercise of such remedies. 

6. Notice to any Guarantor of the acceptance of this Guaranty and of the making, renewing or assignment of the Secured Indebtedness and each
item thereof, are hereby expressly waived by each Guarantor. 
 7. If all or any part of the Secured Indebtedness at any time is secured,
each Guarantor agrees that Administrative Agent and/or the Lenders may at any time and from time to time, at their discretion and with or without valuable consideration, allow substitution or withdrawal of collateral or other security and release
collateral or other security or compromise or settle any amount due or owing under the Credit Agreement or amend or modify in whole or in part the Credit Agreement or any Loan Document executed in connection with same without


  
 3 








 
impairing or diminishing the obligations of each Guarantor hereunder. Each Guarantor further agrees that if Borrower or any Restricted Subsidiary executes in favor of any Beneficiary any
collateral agreement, mortgage or other security instrument, the exercise by any Beneficiary of any right or remedy thereby conferred on such Beneficiary shall be wholly discretionary with such Beneficiary, and that the exercise or failure to
exercise any such right or remedy shall in no way impair or diminish the obligation of each Guarantor hereunder. Each Guarantor further agrees that the Beneficiaries and Administrative Agent shall not be liable for their failure to use diligence in
the collection of the Secured Indebtedness or in preserving the liability of any person liable for the Secured Indebtedness, and each Guarantor hereby waives presentment for payment, notice of nonpayment, protest and notice thereof (including,
notice of acceleration), and diligence in bringing suits against any Person liable on the Secured Indebtedness, or any part thereof. 
 8.
Each Guarantor agrees that the Beneficiaries, in their discretion, may (i) bring suit against all guarantors (including, without limitation, each Guarantor hereunder) of the Secured Indebtedness jointly and severally or against any one or more
of them, (ii) compound or settle with any one or more of such guarantors for such consideration as the Beneficiaries may deem proper, and (iii) release one or more of such guarantors from liability hereunder, and that no such action shall
impair the rights of the Beneficiaries to collect the Secured Indebtedness (or the unpaid balance thereof) from other such guarantors of the Secured Indebtedness, or any of them, not so sued, settled with or released. Each Guarantor agrees, however,
that nothing contained in this paragraph, and no action by the Beneficiaries permitted under this paragraph, shall in any way affect or impair the rights or obligations of such guarantors among themselves. 

9. In the case of each Guarantor, the representations and warranties set forth in Article VII of the Credit Agreement as they relate to
such Guarantor or to the Loan Documents to which such Guarantor is a party will be true and correct in all material respects, provided that each reference in each such representation and warranty to the Borrower’s knowledge shall, for the
purposes of this paragraph 9, be deemed to be a reference to such Guarantor’s knowledge. Each Guarantor further represents and warrants to each Beneficiary that in executing and delivering this Guaranty, each Guarantor has (a) without
reliance on Administrative Agent or any information received from Administrative Agent and based upon such documents and information it deems appropriate, made an independent investigation of the transactions contemplated hereby and Borrower,
Borrower’s business, assets, operations, prospects and condition, financial or otherwise, and any circumstances which may bear upon such transactions, Borrower or the obligations and risks undertaken herein with respect to the Secured
Indebtedness; (b) adequate means to obtain from Borrower on a continuing basis information concerning Borrower; (c) full and complete access to the Loan Documents and any other documents executed in connection with the Loan Documents; and
(d) not relied and will not rely upon any representations or warranties of Administrative Agent not embodied herein or any acts heretofore or hereafter taken by Administrative Agent (including but not limited to any review by Administrative
Agent of the affairs of Borrower). As used in this Guaranty, the term “Debtor Relief Laws” means the Bankruptcy Code of the United States of America and all other applicable liquidation, conservatorship, bankruptcy, moratorium,
rearrangement, receivership, insolvency, reorganization, suspension of payments or similar debtor relief laws from time to time in effect affecting the rights of creditors generally. 

  
 4 








 10. This Guaranty is for the benefit of the Secured Parties, their successors and permitted
assigns, and in the event of a permitted assignment by any Secured Party (or its successors or assigns) of the Secured Indebtedness, or any part thereof, the rights and benefits hereunder, to the extent applicable to the Secured Indebtedness so
assigned, may be transferred with such Secured Indebtedness. This Guaranty is binding upon each Guarantor and its successors and assigns. 

11. No modification, consent, amendment or waiver of any provision of this Guaranty, nor consent to any departure by any Guarantor therefrom,
shall be effective unless the same shall be in writing and signed by Administrative Agent with requisite Lender approval as required under the Credit Agreement, and then shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on any Guarantor in any case shall, of itself, entitle such Guarantor to any other or further notice or demand in similar or other circumstances. No delay or omission by the Beneficiaries in exercising any power or
right hereunder shall impair any such right or power or be construed as a waiver thereof or any acquiescence therein, nor shall any single or partial exercise of any such power preclude other or further exercise thereof, or the exercise of any other
right or power hereunder. All rights and remedies of the Beneficiaries hereunder are cumulative of each other and of every other right or remedy which the Beneficiaries may otherwise have at law or in equity or under any other contract or document,
and the exercise of one or more rights or remedies shall not prejudice or impair the concurrent or subsequent exercise of other rights or remedies. 

12. No provision herein or in any promissory note, instrument or any other Loan Document executed by Borrower or any Guarantor evidencing the
Secured Indebtedness shall require the payment or permit the collection of interest in excess of the Highest Lawful Rate. If any excess of interest in such respect is provided for herein or in any such promissory note, instrument, or any other Loan
Document, the provisions of this paragraph shall govern, and neither Borrower nor any Guarantor shall be obligated to pay the amount of such interest to the extent that it is in excess of the amount permitted by law. The intention of the parties
being to conform strictly to any applicable federal or state usury laws now in force, all promissory notes, instruments and other Loan Documents executed by Borrower or any Guarantor evidencing the Secured Indebtedness shall be held subject to
reduction to the amount allowed under said usury laws as now or hereafter construed by the courts having jurisdiction. 
 13. If any
Guarantor should breach or fail to perform any provision of this Guaranty, each Guarantor agrees to pay the Beneficiaries all out-of-pocket expenses (including court costs and reasonable attorneys’ fees) incurred by the Beneficiaries in the
enforcement hereof. 
 14. (a) The liability of each Guarantor under this Guaranty shall in no manner be impaired, affected or released by
the insolvency, bankruptcy, making of an assignment for the benefit of creditors, arrangement, compensation, composition or readjustment of Borrower or any Restricted Subsidiary (other than such Guarantor), or any proceedings affecting the status,
existence or assets of Borrower or any Restricted Subsidiary (other than such Guarantor) or other similar proceedings instituted by or against Borrower and any Restricted Subsidiary (other than such Guarantor) and affecting the assets of Borrower or
any Restricted Subsidiary (other than such Guarantor). 

  
 5 








 (b) Each Guarantor acknowledges and agrees that any interest on any portion of the Secured
Indebtedness which accrues after the commencement of any proceeding referred to in clause (a) above (or, if interest on any portion of the Secured Indebtedness ceases to accrue by operation of law by reason of the commencement of said
proceeding, such interest as would have accrued on such portion of the Secured Indebtedness if said proceedings had not been commenced) shall be included in the Secured Indebtedness because it is the intention of each Guarantor and the Beneficiaries
that the Secured Indebtedness which is guaranteed by each Guarantor pursuant to this Guaranty should be determined without regard to any rule of law or order which may relieve Borrower or any Restricted Subsidiary of any portion of such Secured
Indebtedness. To the extent, not prohibited by applicable law, each Guarantor will permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar person to pay the Beneficiaries or Administrative
Agent, or allow the claim of the Beneficiaries or Administrative Agent in respect of, any such interest accruing after the date on which such proceeding is commenced. 

(c) In the event that all or any portion of the Secured Indebtedness is paid by Borrower or any Restricted Subsidiary, the obligations of each
Guarantor hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded or recovered directly or indirectly from Administrative Agent or any
Beneficiary as a preference, fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered shall constitute Secured Indebtedness for all purposes under this Guaranty. 

15. Each Guarantor understands and agrees that any amounts of any Guarantor on account with any Lender may, if an Event of Default shall have
occurred and be continuing, be offset to satisfy the obligations of such Guarantor hereunder to the extent provided in the Credit Agreement. 

16. Each Guarantor hereby subordinates and makes inferior any and all indebtedness now or at any time hereafter owed by Borrower or any other
Guarantor to such Guarantor to the Secured Indebtedness of Borrower or such other Guarantor evidenced by the Credit Agreement or this Guaranty and agrees if an Event of Default shall have occurred and be continuing, not to permit Borrower or any
other Guarantor to repay, or to accept payment from Borrower or any other Guarantor of, such subordinated indebtedness or any part thereof if so directed in writing by the Administrative Agent. Each Guarantor further agrees that if the Majority
Lenders so request, such subordinated indebtedness of Borrower or such other Guarantor to such Guarantor shall be collected, enforced and received by such Guarantor as trustee for Administrative Agent (for the benefit of the Secured Parties) and
shall be paid over to Administrative Agent (for the benefit of the Secured Parties) on account of the Secured Indebtedness but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

 17. Each Guarantor hereby agrees that to the extent that any Guarantor shall have paid more than its proportionate share of any payment
made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject
to the terms and conditions of Paragraph 18. The provisions of this Paragraph 17  

  
 6 








 
shall in no respect limit the obligations and liabilities of any Guarantor to the Secured Parties, and each Guarantor shall remain liable to the Secured Parties for the full amount guaranteed by
such Guarantor hereunder. 
 18. Notwithstanding any payment made by any Guarantor hereunder or any
set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to exercise any rights of subrogation against Borrower or any other Guarantor or any collateral security or
guaranty or right of offset held by any Secured Party for the payment of the Secured Indebtedness, nor shall any Guarantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from Borrower or any
other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Secured Parties by Borrower or any Restricted Subsidiary on account of the Secured Indebtedness are paid in full and the Commitments are
terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Secured Indebtedness shall not have been paid in full, such amount shall be held by such Guarantor in trust for Administrative
Agent (for the benefit of the Secured Parties), segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to Administrative Agent (for the benefit of the Secured Parties) in the exact form
received by such Guarantor (duly endorsed by such Guarantor to Administrative Agent, if required), to be applied against any Secured Indebtedness then due and payable. 

19. If any provision of this Guaranty is held to be illegal, invalid, or unenforceable, such provision shall be fully severable, this Guaranty
shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid,
or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid, or unenforceable provision there shall be added automatically as a part of this Guaranty a provision as similar in terms to such illegal,
invalid, or unenforceable provision as may be possible and be legal, valid and enforceable. 
 (a) Section 12.09 of the Credit
Agreement and all relevant defined terms shall apply, mutatis mutandis, to any of the Guarantors hereunder and such Section is hereby incorporated herein by reference and made a part of this Guaranty as if set forth herein in full; provided
that each Guarantor’s address for notices and service of process shall be to each Guarantor’s office, c/o Quicksilver Resources Inc., 801 Cherry St, Suite 3700, Unit 19, Fort Worth, Texas 76102, Attn: Vice President – Treasurer
(Telecopy No. 817-665-5016) with a copy to General Counsel (Telecopy No. 817-668-5012). 
 20. THIS GUARANTY AND THE OTHER LOAN
DOCUMENTS COLLECTIVELY REPRESENT THE FINAL AGREEMENT BY AND AMONG THE SECURED PARTIES, ADMINISTRATIVE AGENT AND EACH GUARANTOR AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE SECURED PARTIES,
ADMINISTRATIVE AGENT AND EACH GUARANTOR. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE SECURED PARTIES, ADMINISTRATIVE AGENT AND EACH GUARANTOR. 

  
 7 








 21. Each Person that is required to become a party to this Guaranty pursuant to
Section 8.13(c) of the Credit Agreement shall become a Guarantor for all purposes of this Guaranty upon execution and delivery by such Person of an Assumption Agreement in the form of Annex I attached hereto. 

22. (a) At any time any Guarantor is sold or otherwise disposed of in a transaction permitted under the Credit Agreement, then in accordance
with the terms of the Credit Agreement (including, without limitation, Section 8.13 and 9.10(d)), such Guarantor shall be released automatically from its obligations under this Guaranty. 

(b) At any time any Guarantor is not otherwise required to guarantee the Secured Indebtedness pursuant to the terms of the Credit Agreement
(including, without limitation Section 8.13) or under any other Loan Document, such Guarantor shall be released automatically from its obligations under this Guaranty, and the Administrative Agent, at the written request and expense of
Borrower, will promptly execute any documentation reasonably necessary to evidence the release of such Guarantor. 
 [Remainder of Page
Intentionally Left Blank] 

  
 8 








 EXECUTED and effective as of the date first above written. 

 

			
	GUARANTORS:
	
	COWTOWN PIPELINE MANAGEMENT, INC., a Texas corporation
		
	By:	 	  

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer


  

			
	COWTOWN PIPELINE FUNDING, INC., a Delaware corporation
		
	By:	 	  

		 	Philip W. Cook,
		 	Senior Vice President – Chief Financial Officer


  

					
	COWTOWN GAS PROCESSING L.P., a Texas limited partnership
		
	By:	 	Cowtown Pipeline Management, Inc., its general partner
			
		 	By:	 	  

		 		 	Philip W. Cook,
		 		 	Senior Vice President – Chief Financial Officer


  

					
	COWTOWN PIPELINE L.P., a Texas limited partnership
		
	By:	 	Cowtown Pipeline Management, Inc., its general partner
			
		 	By:	 	  

		 		 	Philip W. Cook,
		 		 	Senior Vice President – Chief Financial Officer


 [Signature Page to Guaranty Agreement] 







 ANNEX I to 

Guaranty Agreement 

ASSUMPTION AGREEMENT, dated as of             , 201  , by
                                        , a
                                         (the
“Additional Guarantor”), in favor of JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) for the Secured Parties. All capitalized terms not defined herein shall have the
meaning ascribed to them in such Credit Agreement. 
 PRELIMINARY STATEMENTS 

A. Quicksilver Resources Inc., a Delaware corporation (“Borrower”), Administrative Agent and the Lenders have entered into a
Credit Agreement, dated as of September 6, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

B. In connection with the Credit Agreement, the Guarantors have entered into that certain Guaranty Agreement, dated as of September 6,
2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”), in favor of Administrative Agent for the benefit of the Secured Parties. 

C. The Credit Agreement requires the Additional Guarantor to become a party to the Guaranty. 

D. The Additional Guarantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Guaranty. 

ACCORDINGLY, IT IS AGREED: 
 1.
Guaranty. By executing and delivering this Assumption Agreement, the Additional Guarantor, as provided in Paragraph 21 of the Guaranty, hereby becomes a party to the Guaranty as a “Guarantor” thereunder with the same force and
effect as if originally named therein as a Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor thereunder. The Additional Guarantor hereby represents and warrants
that each of the representations and warranties contained in Paragraph 9 of the Guaranty is, as to itself, true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 

2. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 Annex I- 1 








 IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and
delivered as of the date first above written. 
  

					
	[ADDITIONAL GUARANTOR]	 	
		
	  
	 	,
	a	 	  





					
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 Annex I- 2 








 EXHIBIT F 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in
the Credit Agreement identified below (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard
Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Global Administrative Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the Credit Agreement identified below (including any letters of credit, swingline loans, and guarantees included therein) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or
instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or
in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

					
	1.	 	Assignor:	  	  

			
	2.	 	Assignee:	  	  

		 		  	[and is an Affiliate/Approved Fund of [identify Lender]4]
			
	3.	 	Borrower:	  	Quicksilver Resources Inc.
			
	4.	 	Administrative Agent:	  	JPMorgan Chase Bank, N.A., as the Global Administrative Agent under the Credit Agreement

  

	4 	Select as applicable. 


  
 Exhibit F - 1 









					
	5.	 	Credit Agreement:	  	The Amended and Restated Credit Agreement dated as of December 22, 2011 among Quicksilver Resources Inc., the Lenders parties thereto, JPMorgan Chase Bank, N.A., as Global Administrative Agent, and the other agents party
thereto.
			
	6.	 	Assigned Interest:	  	

  

											
	 Aggregate Amount of
Commitment/Loans for
all
Lenders
	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loans5	 
	$	 	  	  	$	 	  	  	 	    	% 

 Effective Date:                  ,
20     [TO BE INSERTED BY GLOBAL ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

The Assignee agrees to deliver to the Global Administrative Agent a completed administrative questionnaire in which the Assignee designates one or more credit
contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower, its Restricted Subsidiaries and their Affiliates or their respective securities) will be made available and who may receive such
information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 
 The terms set
forth in this Assignment and Assumption are hereby agreed to: 
  

			
	 ASSIGNOR

	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:


  

			
	 ASSIGNEE

	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:


  

	5 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders under the Credit Agreement. 


  
 Exhibit F - 2 








 [Consented to and]6 Accepted: 

 

			
	JPMORGAN CHASE BANK, N.A., as Global Administrative Agent
		
	By:	 	  

		 	Title:

 [Consented to:]7 

 

			
	QUICKSILVER RESOURCES INC.
		
	By:	 	  

		 	Title:

  

	6 	To be added only if the consent of the Global Administrative Agent is required by Section 12.04(b) of the Credit Agreement. 


	7 	To be added only if the consent of the Borrower is required by Section 12.04(b) of the Credit Agreement. 


  
 Exhibit F - 3 








 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1. Representations
and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan
Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in
the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 8.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on the Global Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation
required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Global Administrative Agent, the Assignor
or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance
with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 2.
Payments. From and after the Effective Date, the Global Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which
have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 

  
 Exhibit F - 4 








 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Assumption by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by,
and construed in accordance with, the law of the State of New York. 

  
 Exhibit F - 5 








 EXHIBIT G 

FORM OF PLEDGE AGREEMENT 

[See attached.] 

  
 Exhibit G - 1 








 AMENDED AND RESTATED 

PLEDGE AGREEMENT 

DATED AS OF 

DECEMBER 22, 2011 

MADE BY 

QUICKSILVER RESOURCES INC., 

COWTOWN PIPELINE MANAGEMENT, INC., 

COWTOWN PIPELINE FUNDING, INC. 

AND 

EACH OF THE OTHER PLEDGORS (AS
DEFINED HEREIN) 
 IN FAVOR OF 

JPMORGAN CHASE BANK, N.A., 

AS PLEDGEE 







 TABLE OF CONTENTS 

 
  

							
	 	  	 	  	PAGE	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	2	  
			
	 Section 1.01.
	  	 Definitions
	  	 	2	  
	 Section 1.02.
	  	 Other Definitional Provisions
	  	 	4	  
	 Section 1.03.
	  	 Rules of Interpretation
	  	 	4	  
		
	 ARTICLE 2 GRANT OF SECURITY INTEREST
	  	 	4	  
			
	 Section 2.01.
	  	 Grant of Security Interest
	  	 	4	  
	 Section 2.02.
	  	 Transfer of Pledged Securities
	  	 	5	  
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES
	  	 	5	  
			
	 Section 3.01.
	  	 [Reserved]
	  	 	5	  
	 Section 3.02.
	  	 Title; No Other Liens
	  	 	5	  
	 Section 3.03.
	  	 Perfected First Priority Liens
	  	 	5	  
	 Section 3.04.
	  	 Pledgor Information
	  	 	6	  
	 Section 3.05.
	  	 Pledged Securities
	  	 	6	  
		
	 ARTICLE 4 COVENANTS
	  	 	7	  
			
	 Section 4.01.
	  	 [Reserved]
	  	 	7	  
	 Section 4.02.
	  	 Maintenance of Perfected Security Interest; Further Documentation
	  	 	7	  
	 Section 4.03.
	  	 Changes in Locations, Name, Etc.
	  	 	7	  
	 Section 4.04.
	  	 Pledged Securities
	  	 	8	  
		
	 ARTICLE 5 REMEDIAL PROVISIONS
	  	 	9	  
			
	 Section 5.01.
	  	 Code and Other Remedies
	  	 	9	  
	 Section 5.02.
	  	 Pledged Securities
	  	 	10	  
	 Section 5.03.
	  	 [Reserved]
	  	 	12	  
	 Section 5.04.
	  	 Private Sales of Pledged Securities
	  	 	12	  
	 Section 5.05.
	  	 Deficiency
	  	 	13	  
	 Section 5.06.
	  	 Non-Judicial Enforcement
	  	 	13	  
		
	 ARTICLE 6 THE PLEDGEE
	  	 	13	  
			
	 Section 6.01.
	  	 Pledgee’s Appointment as Attorney-in-Fact, Etc.
	  	 	13	  
	 Section 6.02.
	  	 Duty of Pledgee
	  	 	14	  
	 Section 6.03.
	  	 Filing of Financing Statements
	  	 	15	  
	 Section 6.04.
	  	 Authority of Pledgee
	  	 	15	  


  
 - i - 









							
	 ARTICLE 7 MISCELLANEOUS
	  	 	15	  
			
	 Section 7.01.
	  	 Waiver
	  	 	15	  
	 Section 7.02.
	  	 Notices
	  	 	16	  
	 Section 7.03.
	  	 Payment of Expenses, Indemnities, Etc.
	  	 	16	  
	 Section 7.04.
	  	 Amendments in Writing
	  	 	16	  
	 Section 7.05.
	  	 Successors and Assigns
	  	 	16	  
	 Section 7.06.
	  	 Survival; Revival; Reinstatement
	  	 	17	  
	 Section 7.07.
	  	 Counterparts; Integration; Effectiveness
	  	 	17	  
	 Section 7.08.
	  	 Severability
	  	 	18	  
	 Section 7.09.
	  	 [Reserved]
	  	 	18	  
	 Section 7.10.
	  	 Governing Law; Submission to Jurisdiction
	  	 	18	  
	 Section 7.11.
	  	 Headings
	  	 	19	  
	 Section 7.12.
	  	 Acknowledgments
	  	 	19	  
	 Section 7.13.
	  	 Additional Pledgors and Additional Equity Interests
	  	 	20	  
	 Section 7.14.
	  	 Releases
	  	 	20	  
	 Section 7.15.
	  	 Acceptance
	  	 	21	  
	 Section 7.16.
	  	 Intercreditor Agreement
	  	 	21	  

 ANNEXES: 
  

			
	I	  	Form of Assumption Agreement
	II	  	Form of Supplement

 EXHIBITS: 

 

			
	Exhibit A	  	Form of Acknowledgment and Consent

 SCHEDULES: 

 

			
	1	  	Notice Addresses of Pledgors
	2	  	Description of Pledged Securities
	3	  	Filings and Other Actions Required to Perfect Security Interests
	4	  	Location of Jurisdiction of Organization and Chief Executive Office


  
 - ii - 








 This AMENDED AND RESTATED PLEDGE AGREEMENT (this “Agreement”) is dated as of
December 22, 2011 made by QUICKSILVER RESOURCES INC., a Delaware corporation (the “Borrower”), COWTOWN PIPELINE MANAGEMENT, INC, a Texas corporation (“Cowtown Management”), COWTOWN PIPELINE FUNDING, INC., a
Delaware corporation (“Cowtown Funding”, and together with the Borrower, Cowtown Management and any other Restricted Subsidiary of the Borrower that becomes a party hereto from time to time after the date hereof, the
“Pledgors”, and each individually, a “Pledgor”), in favor of JPMORGAN CHASE BANK, N.A., as Global Administrative Agent (together with its successors and assigns, the “Pledgee”), for its benefit and
the benefit of the Canadian Administrative Agent, the other Secured Parties (as defined in each of the Credit Agreements) (collectively, the “Combined Secured Parties”). 

Preliminary Statements 

A. On even date herewith, the Borrower, the Pledgee, the banks and other financial institutions party thereto as lenders (the “U.S.
Lenders”) and the other agents party thereto executed an Amended and Restated Credit Agreement (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “U.S. Credit Agreement”)
pursuant to such, upon the terms and conditions stated therein, the U.S. Lenders agreed to make loans and other extensions of credit to the Borrower. 

B. On even date herewith, Quicksilver Resources Inc., as parent, Quicksilver Resources Canada Inc. (the “Canadian Borrower”
and, together with the Borrower, the “Borrowers”), JPMorgan Chase Bank, N.A., Toronto Branch (the “Canadian Administrative Agent”), the banks and other financial institutions party thereto as lenders (the
“Canadian Lenders” and, together with the U.S. Lenders, the “Combined Lenders”) and the other agents party thereto executed an Amended and Restated Credit Agreement (such agreement, as may from time to time be
amended, restated, replaced, modified or supplemented, the “Canadian Credit Agreement” and, together with the U.S. Credit Agreement, collectively, the “Credit Agreements”) pursuant to such, upon the terms and
conditions stated therein, the Canadian Lenders agreed to make loans and other extensions of credit to the Canadian Borrower. 
 C. The
Borrowers, the other Pledgors and/or one or more of the Borrower’s Restricted Subsidiaries and certain Secured Swap Providers (as defined in each of the Credit Agreements) (such secured swap providers, collectively, the “Secured Swap
Providers” and each, a “Secured Swap Provider”) have or may enter into certain Swap Agreements (collectively, the “Secured Swap Agreements” and each, a “Secured Swap Agreement”). 

D. Bank Products Providers (as defined in each of the Credit Agreements) (such bank products providers, collectively, the “Bank
Products Providers”) have provided or may provide Bank Products to the Borrowers, the other Pledgors and/or one or more of the Borrower’s Restricted Subsidiaries (collectively, the “Secured Bank Products Agreements”
and each, a “Secured Bank Products Agreement”). 
 E. On September 6, 2011, certain of the Borrower’s Restricted
Subsidiaries, as Guarantors, executed the Guaranty Agreement (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “U.S. Guaranty”) pursuant to which,








 
upon the terms and conditions stated therein, the Guarantors party thereto agreed to guarantee the obligations of the Borrower and the Restricted Subsidiaries under (a) the Credit Agreement
dated September 6, 2011 among the Borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the banks and other financial institutions party thereto as lenders and the other agents party thereto (the “Existing U.S. Credit
Agreement”), (b) certain Secured Swap Agreements, (c) certain Secured Bank Products Agreements and (d) the other Loan Documents, which guarantee has been ratified and reaffirmed in connection with the execution of the U.S.
Credit Agreement on even date herewith. 
 F. On even date herewith, certain of the Borrower’s Restricted Subsidiaries, as Guarantors,
executed the Guaranty Agreement (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “Canadian Guaranty” and, together with the U.S. Guaranty, collectively, the
“Guaranties”) pursuant to which, upon the terms and conditions stated therein, the Guarantors party thereto have agreed to guarantee the obligations of the Canadian Borrower and certain Restricted Subsidiaries under the Canadian
Credit Agreement, certain Secured Swap Agreements, certain Secured Bank Products Agreements and the other Canadian Loan Documents. 
 G. The
Credit Agreements, the Guaranties, the Secured Swap Agreements, the Secured Bank Products Agreements and the other Combined Loan Documents are collectively referred to herein as the “Secured Transaction Documents”. The Security
Instruments (as defined under each Credit Agreement) are collectively referred to herein as the “Combined Security Instruments”. 

H. The Pledgee and the other Combined Secured Parties have conditioned their obligations under the Secured Transaction Documents upon the
execution and delivery by the Pledgors of this Agreement, and the Pledgors have agreed to enter into this Agreement to secure all Secured Indebtedness (as defined in each of the Credit Agreements) (collectively, the “Combined
Obligations”) owing to the Pledgee and the other Combined Secured Parties. 
 I. On even date herewith, Pledgee and Canadian
Administrative Agent entered into an Intercreditor Agreement to, among other things, define the relationship between the Combined Secured Parties. 

J. Accordingly, in order to comply with the terms and conditions of the Secured Transaction Documents and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each Pledgor hereby agrees with the Pledgee, for the benefit of the Combined Secured Parties, as follows: 

ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions. 

(a) Unless otherwise defined herein, terms defined in the U.S. Credit Agreement and used herein have the meanings given to them in the U.S.
Credit Agreement, and all uncapitalized terms which are defined in the UCC on the date hereof are used herein as so defined. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.


  
 2 








 (b) As used in this Agreement, in addition to the terms defined in the introductory paragraph
hereto and in the Preliminary Statements hereto, the following terms have the following meanings: 
 “Bankruptcy Code”
means Title 11, United States Code, as amended from time to time. 
 “Collateral” has the meaning assigned such term in
Section 2.01. 
 “Issuers” means the collective reference to each issuer of a Pledged Security. 

“Organizational Documents” means any and all agreements, certificates, charters, articles, bylaws, partnership agreement,
limited liability company agreement, operating agreement and similar documents pertaining to (i) the organization or governance of any Issuer or (ii) the organization or governance of any other Person referenced in this Agreement, in each
case whether now or hereafter existing and as each has been and hereafter may be supplemented, amended or restated from time to time. 

“Paid In Full In Cash” means (a) the irrevocable and indefeasible payment in full in cash of all principal, interest
(including interest accruing during the pendency of an insolvency or liquidation proceeding, regardless of whether allowed or allowable in such insolvency or liquidation proceeding) and premium, if any, on all Combined Loans outstanding under the
Credit Agreements, (b) the payment in full in cash or posting of cash collateral in respect of all other obligations or amounts that are outstanding under the Credit Agreements, including the posting of the cash collateral for outstanding
Combined Letters of Credit as required by the terms of the Credit Agreements, (c) the termination of the Combined Commitments under the Credit Agreements, (d) payment in full in cash of all amounts due and payable under each Secured Bank
Products Agreement, and (e) payment in full in cash of all amounts due and payable under each Secured Swap Agreement. 

“Pledged Equity Interests” means, with respect to each Pledgor, (a) all rights, title, powers, privileges, remedies and
interests of such Pledgor as a member, shareholder, limited partner or general partner in an Issuer, (b) all rights, title, powers, privileges, remedies and interest of any Pledgor in, to and under the Organizational Documents of such Issuer,
and (c) the books and records of such Pledgor pertaining to the Collateral. 
 “Pledged Securities” means:
(a) the Equity Interests issued by Restricted Subsidiaries including, without limitation, those described or referred to in Schedule 2 (as the same may be supplemented from time to time pursuant to a Supplement in substantially the form
of Annex II); provided that Pledged Securities shall not exceed 65% of the total combined voting power of all classes of Equity Interests of a Restricted Subsidiary that is a Foreign Subsidiary; and (b) (i) the certificates or
instruments, if any, representing such Equity Interests, (ii) all dividends (cash, Equity Interests or otherwise), cash, instruments, rights to subscribe, purchase or sell and all other rights and Property from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of such Equity Interests, (iii) all 

  
 3 








 
replacements, additions to and substitutions for any of the Property referred to in this definition, including, without limitation, claims against third parties, (iv) the proceeds, interest,
profits and other income of or on any of the Property referred to in this definition, (v) all security entitlements in respect of any of the foregoing, if any and (vi) all books and records relating to any of the Property referred to in
this definition. 
 “Proceeds” means all “proceeds” as such term is defined in Section 9-102(64) of the
Uniform Commercial Code in effect in the State of New York on the date hereof and, in any event, shall include, without limitation, all dividends or other income from the Pledged Securities, collections thereon or distributions or payments with
respect thereto. 
 “Secured Obligations” means payment and performance of all Combined Obligations. “Securities
Act” means the Securities Act of 1933, as amended. 
 “UCC” means the Uniform Commercial Code as from time to time in
effect in the State of New York; provided, however, that, in the event that, by reason of mandatory provisions of law, any of the attachment, perfection or priority of the Pledgee’s security interest in any Collateral is governed by the Uniform
Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such
attachment, perfection, the effect thereof or priority and for purposes of definitions related to such provisions. 
 Section 1.02.
Other Definitional Provisions. Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Pledgor, refer to such Pledgor’s Collateral or the relevant part thereof. 

Section 1.03. Rules of Interpretation. Section 1.04 of the Credit Agreement is hereby incorporated herein by reference and
shall apply to this Agreement, mutatis mutandis. 
 ARTICLE 2 

GRANT OF SECURITY INTEREST 

Section 2.01. Grant of Security Interest. Each Pledgor hereby pledges, assigns and transfers to the Pledgee, and hereby grants to
the Pledgee, for the ratable benefit of the Combined Secured Parties, a security interest in all of the following Property now owned or at any time hereafter acquired by such Pledgor or in which such Pledgor now has or at any time in the future may
acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due and payable (whether at the stated maturity, by acceleration or otherwise) of
the Secured Obligations: 
 (a) all Pledged Securities, including any and all Pledged Equity Interests relating to such Pledgor’s
Pledged Securities; and 
 (b) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all
collateral security and guarantees given by any Person with respect to any of the foregoing. 

  
 4 








 Section 2.02. Transfer of Pledged Securities. All certificates or instruments
representing or evidencing the Pledged Securities shall be delivered to and held pursuant hereto by the Pledgee or a Person designated by the Pledgee and shall be accompanied by duly executed instruments of transfer or assignment in blank, and
accompanied by any required transfer tax stamps to effect the pledge of the Pledged Securities to the Pledgee. Notwithstanding the preceding sentence, at the Pledgee’s discretion, all Pledged Securities must be delivered or transferred in such
manner as to permit the Pledgee to be a “protected purchaser” to the extent of its security interest as provided in Section 8-303 of the UCC (if the Pledgee otherwise qualifies as a protected purchaser). During the continuance of an
Event of Default, the Pledgee shall have the right, at any time in its discretion and without notice, to transfer to or to register in the name of the Pledgee or any of its nominees any or all of the Pledged Securities, subject only to the revocable
rights specified in Section 5.04. In addition, during the continuance of an Event of Default, the Pledgee shall have the right at any time to exchange certificates or instruments representing or evidencing Pledged Securities for certificates or
instruments of smaller or larger denominations. 
 ARTICLE 3 

REPRESENTATIONS AND WARRANTIES 

To induce the Pledgee and the Combined Lenders to enter into the Credit Agreements and to induce the Combined Lenders to make their respective
extensions of credit to the Borrowers thereunder and to induce the Combined Lenders (and their Affiliates) to enter into Swap Agreements and Secured Bank Products Agreements with the Borrower and its Restricted Subsidiaries, each Pledgor hereby
represents and warrants to the Pledgee and each Combined Lender that: 
 Section 3.01. [Reserved]. 

Section 3.02. Title; No Other Liens. Except for Permitted Liens and the security interest granted to the Pledgee for the ratable
benefit of the Secured Parties pursuant to this Agreement, such Pledgor is the record and beneficial owner of its respective items of the Collateral free and clear of any and all Liens and has the power to transfer each item of the Collateral in
which a Lien is granted by it hereunder, free and clear of any Lien. No financing statement or other public notice authorized by such Pledgor with respect to all or any part of the Collateral of such Pledgor is on file or of record in any public
office, except such as have been filed in favor of the Pledgee, for the ratable benefit of the Combined Secured Parties, pursuant to this Agreement or the Combined Security Instruments. 

Section 3.03. Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon the
completion of the filings and the other actions specified on Schedule 3 constitute valid perfected security interests in all of the Collateral in favor of the Pledgee, for the ratable benefit of the Combined Secured Parties, as collateral security
for the Secured Obligations, enforceable in accordance with the terms hereof against all creditors of such Pledgor and any Persons purporting to purchase any Collateral from such Pledgor and (b) are prior to all other Liens on the Collateral in
existence on the date hereof (subject to Permitted Liens). 

  
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 Section 3.04. Pledgor Information. On the date hereof, (a) the true legal name
of each Pledgor as registered in the jurisdiction in which such Pledgor is organized, formed or incorporated is listed on the preamble to this Pledge Agreement; (b) each Pledgor’s state of incorporation, formation or organization, its
organization identification number as designated by the state of its incorporation, formation or organization, and its principal place of business (or, if it has more than one place of business, its chief executive office) are as set forth on
Schedule 4 to this Pledge Agreement; and (c) each Pledgor is not now, and within five years prior to the date hereof, has not been known by any trade name. Each Pledgor is not now, and within five (5) years prior to the date hereof, has
not been known by any legal name different from the one set forth on the signature page hereto, nor, within five (5) years prior to the date hereof, has any Pledgor been the subject of any merger or other corporate reorganization. 

Section 3.05. Pledged Securities. 

(a) The Pledged Securities required to be pledged under the Credit Agreements by such Pledgor are listed in Schedule 2. The shares of
Pledged Securities pledged by such Pledgor hereunder constitute all the issued and outstanding shares of all classes of the Equity Interests of each Issuer owned by such Pledgor as set forth on Schedule 2; provided that Pledged Securities
shall not exceed 65% of the total combined voting power of all classes of Equity Interests of a Restricted Subsidiary that is a Foreign Subsidiary. All of the Pledged Securities have been duly and validly issued and are fully paid and nonassessable;
and such Pledgor is the record and beneficial owner of, and has good title to, the Pledged Securities pledged by it hereunder, free of any and all Liens or options in favor of, or claims of, any other Person, except Permitted Liens and the security
interest created by this Agreement, and has the power to transfer the Pledged Securities in which a Lien is granted by it hereunder, free and clear of any Lien except Permitted Liens. 

(b) There are no restrictions on transfer (that have not been waived or otherwise consented to) in the applicable Organizational Document
governing any Pledged Equity Interest or any other agreement relating thereto which would limit or restrict (i) the grant of a security interest in the Pledged Equity Interests, (ii) the perfection of such security interest or
(iii) the exercise of remedies in respect of such perfected security interest in the Pledged Equity Interests, in each case, as contemplated by this Agreement. Upon the exercise of remedies in respect of the Pledged Equity Interests, a
transferee or assignee of a membership, partnership, shareholder or other interest, as the case may be, of such Issuer, as the case may be, shall become a member, partner, shareholder or other owner, as the case may be, of such Issuer, as the case
may be, entitled to participate in the management thereof and, upon the transfer of the entire interest of such Pledgor, such Pledgor ceases to be a member, partner, shareholder or other owner, as the case may be. 

  
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 ARTICLE 4 

COVENANTS 
 Each
Pledgor covenants and agrees with the Pledgee and the Combined Secured Parties that, from and after the date of this Agreement until the Secured Obligations shall have been Paid In Full In Cash: 

Section 4.01. [Reserved]. 

Section 4.02. Maintenance of Perfected Security Interest; Further Documentation. In the case of each Pledgor, such Pledgor agrees
that: 
 (a) it shall, to the extent it has the legal power to do so, maintain the security interest created by this Agreement as a
perfected security interest having the priority described in Section 3.03 and shall defend such security interest against the claims and demands of all Persons whomsoever (subject to Permitted Liens); it being understood that no Pledgor shall have
any obligation or liability under this Section 4.02(a) with respect to acts or omissions of any Combined Secured Party. 
 (b) it will
furnish to the Pledgee and the Lenders from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Pledgee may reasonably request, all in reasonable
detail. 
 (c) at any time and from time to time, upon the written request of the Pledgee, and at the sole expense of such Pledgor, it will
promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as the Pledgee may reasonably deem necessary for the purpose of obtaining or preserving the full benefits of this
Agreement and of the rights and powers herein granted, including, without limitation, the delivery of certificated securities and the filing of any financing or continuation statements under the UCC (or other similar laws) in effect in such
Pledgor’s jurisdiction with respect to the security interests created hereby. 
 Section 4.03. Changes in Locations, Name,
Etc. Such Pledgor recognizes that financing statements pertaining to the Collateral have been or may be filed where such Pledgor maintains any Collateral or is organized. Without limitation of any other covenant herein, such Pledgor will not
cause or permit any change in such Pledgor’s (a) corporate name, (b) identity or corporate structure or in the jurisdiction in which it is incorporated or formed, or (c) jurisdiction of organization or its organizational
identification number in such jurisdiction of organization, unless, in each case, such Pledgor shall have (i) promptly notified (and in any event within thirty (30) days following any such change) the Pledgee in writing of such change, and
(ii) taken all action reasonably requested by the Pledgee for the purpose of maintaining the perfection and priority of the Pledgee’s security interests under this Agreement. In any notice furnished pursuant to this Section 4.03, such
Pledgor will expressly state in a conspicuous manner that the notice is required by this Agreement and contains facts that may require additional filings of financing statements or other notices for the purposes of continuing perfection of the
Pledgee’s security interest in the Collateral. At the reasonable request of the Pledgee, upon the occurrence of such event, the Borrower will provide to the Pledgee and the Combined Lenders an opinion of counsel, in form and substance
reasonably satisfactory to the Pledgee, to the effect that such event will not impair the validity of the security interests hereunder, the perfection and priority thereof, the enforceability of the Combined Loan Documents, and such other matters as
may be reasonably requested by the Pledgee. 

  
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 Section 4.04. Pledged Securities. In the case of each Pledgor, such Pledgor agrees
that: 
 (a) if such Pledgor shall become entitled to receive or shall receive any stock certificate (including, without limitation, any
certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Equity
Interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Pledged Securities, or otherwise in respect thereof, such Pledgor shall accept the same as the agent of the Combined
Secured Parties, hold the same in trust for the Combined Secured Parties, segregated from other Property of such Pledgor, and deliver the same forthwith to the Pledgee in the exact form received, duly indorsed by such Pledgor to the Pledgee, if
required, together with an undated stock power covering such certificate duly executed in blank by such Pledgor and with, if the Pledgee so requests, signature guaranteed, to be held by the Pledgee, subject to the terms hereof, as additional
collateral security for the Secured Obligations; provided that such Pledgor’s obligations under this Section 4.04(a) shall be limited to 65% of the total combined voting power of all classes of Equity Interests of an Issuer that is a
Foreign Subsidiary. 
 (b) without the prior written consent of the Pledgee or as permitted by the Credit Agreements, such Pledgor will not
enter into any agreement or undertaking restricting the right or ability of such Pledgor or the Pledgee to sell, assign or transfer any of the Pledged Securities or Proceeds thereof. 

(c) in the case of each Pledgor that is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating
to the Pledged Securities issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Pledgee promptly in writing of the occurrence of any of the events described in Section 4.04(a) with
respect to the Pledged Securities issued by it and (iii) the terms of Section 5.02(a) and Section 5.04 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Section 5.02(d) or Section
5.04 with respect to the Pledged Securities issued by it. In the case of any Issuer that is not a Pledgor hereunder, such Pledgor shall promptly cause such Issuer to execute and deliver to the Pledgee an Acknowledgment and Consent in substantially
the form of Exhibit A. 
 (d) in the case of each Pledgor that is a partner in a partnership, such Pledgor hereby consents to
the extent required by the applicable partnership agreement to the pledge by each other Pledgor, pursuant to the terms hereof, of the Pledged Equity Interests in such partnership and to the transfer following the occurrence of an Event of Default of
such Pledged Equity Interests to the Pledgee or its nominee and to the substitution of the Pledgee or its nominee as a substituted partner in such partnership with all the rights, powers and duties of a general partner or a limited partner, as the
case may be. In the case of each Pledgor that is a member of a limited liability company, such Pledgor hereby consents to the extent required by the applicable limited liability company agreement (or similar Organizational Document) to the pledge by
each other Pledgor, pursuant to the terms hereof, of the Pledged Equity Interests in such limited liability company and to the transfer following the occurrences of an Event of Default of such Pledged Equity Interests to the Pledgee or its nominee
and to the substitution of the Pledgee or its nominee as a substituted member of such limited liability company with all the rights, powers and duties of a member of such limited liability company. 

  
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 (e) such Pledgor shall not agree to any amendment of an Organizational Document that in any way
adversely affects the perfection of the security interest of the Pledgee in the Pledged Equity Interests pledged by such Pledgor hereunder, including any amendment electing to treat the membership, partnership, shareholder or other interest of such
Pledgor as a security under Section 8-103 of the UCC. 
 (f) such Pledgor shall furnish to the Pledgee such stock powers and other
instruments as may be required by the Pledgee to assure the transferability of the Pledged Securities when and as often as may be reasonably requested by the Pledgee. 

(g) the Pledged Securities will at all times constitute (x) not less than 100% of the Equity Interests of the Issuer thereof (if a
Domestic Subsidiary) owned by any Pledgor and (y) not less than 65% of the total combined voting power of all classes of Equity Interests and 100% of all non-voting Equity Interests of the Issuer thereof (if a Foreign Subsidiary). 

ARTICLE 5 
 REMEDIAL
PROVISIONS 
 Section 5.01. Code and Other Remedies. 

(a) Upon the occurrence and during the continuance of an Event of Default, the Pledgee, on behalf of the Combined Secured Parties, may
exercise, in addition to all other rights and remedies granted to them in this Agreement, the other Combined Loan Documents and in any other instrument or agreement securing, evidencing or relating to the Secured Obligations, all rights and remedies
of a secured party under the UCC or any other applicable law or otherwise available at law or equity. Without limiting the generality of the foregoing, the Pledgee, without demand of performance or other demand, presentment, protest, advertisement
or notice of any kind (except any notice required by law referred to below) to or upon any Pledgor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith
collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to
do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or any office of any Combined Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such
prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. Any Combined Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such
private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Pledgor, which right or equity is hereby waived and released. If applicable to any particular item of Collateral,
each Pledgor further agrees, at the Pledgee’s request, to assemble the Collateral and make it available to the Pledgee at places which the Pledgee shall reasonably select, whether at such Pledgor’s premises or elsewhere. Any such sale or
transfer by the Pledgee either to itself or to any other Person shall be absolutely free from any claim of right by Pledgor, including any equity or right of redemption, stay or appraisal which Pledgor has or may have under any rule of law,
regulation or statute now existing or hereafter adopted (and such Pledgor hereby waives any rights it may have in respect thereof). Upon any such sale or transfer, the Pledgee shall have the right to deliver, assign and


  
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transfer to the purchaser or transferee thereof the Collateral so sold or transferred. The Pledgee shall apply the net proceeds of any action taken by it pursuant to this Section 5.01, after
deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Pledgee and the Combined
Secured Parties hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Secured Obligations, in accordance with Section 10.02(c) of the U.S. Credit Agreement and
Section 10.2(c) of the Canadian Credit Agreement, subject to Section 12.21 of the U.S. Credit Agreement and Section 12.20 of the Canadian Credit Agreement, and only after such application and after the payment by the Pledgee of any
other amount required by any provision of law, including, without limitation, Section 9-615 of the UCC, need the Pledgee account for the surplus, if any, to any Pledgor. To the extent permitted by applicable law, each Pledgor waives all claims,
damages and demands it may acquire against the Pledgee or any Combined Secured Party arising out of the exercise by them of any rights hereunder, except in the case of gross negligence or willful misconduct by the Pledgee or any such Combined
Secured Party, respectively. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least ten (10) days before such sale or other disposition.

 (b) In the event that the Pledgee elects not to sell the Collateral, the Pledgee retains its rights to dispose of or utilize the
Collateral or any part or parts thereof in any manner authorized or permitted by law or in equity, and to apply the proceeds of the same towards payment of the Secured Obligations. To the extent permitted by applicable law, each and every method of
disposition of the Collateral described in this Agreement shall constitute disposition in a commercially reasonable manner. 
 (c) The
Pledgee may appoint any Person as agent to perform any act or acts necessary or incident to any sale or transfer of the Collateral. 

Section 5.02. Pledged Securities. 

(a) Unless an Event of Default shall have occurred and be continuing and the Pledgee shall have given notice to the relevant Pledgor of the
Pledgee’s intent to exercise its corresponding rights pursuant to Section 5.02(b), each Pledgor shall be permitted to receive all cash dividends paid in respect of the Pledged Securities paid in the normal course of business of the relevant
Issuer, to the extent permitted in the Credit Agreements, and to exercise all voting, consent and corporate, partnership or limited liability company rights with respect to the Pledged Securities; provided, however, that no vote shall
be cast, consent given or right exercised or other action taken by such Pledgor that would impair the Collateral, or be inconsistent with or result in any violation of any provision of the Credit Agreements, this Agreement or any other Combined Loan
Document. Upon the occurrence and during the continuance of an Event of Default, any sums paid upon or in respect of any Pledged Securities upon the liquidation or dissolution of any Issuer of any Pledged Securities, any distribution of capital made
on or in respect of any Pledged Securities or any property distributed upon or with respect to any Pledged Securities pursuant to the recapitalization or reclassification of the capital of any Issuer of Pledged Securities or pursuant to the
reorganization thereof shall, unless otherwise subject to a perfected security interest in favor of the Pledgee and subject to Section 5.02(b), be delivered to the Pledgee to be 

  
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held by it hereunder as additional collateral security for the Secured Obligations. If any sum of money or property so paid or distributed in respect of any Pledged Securities shall be received
by such Pledgor, such Pledgor shall, until such money or property is paid or delivered to the Pledgee, hold such money or property in trust for the Pledgee, segregated from other funds of such Pledgor, as additional security for the Secured
Obligations. 
 (b) Upon the occurrence and during the continuance of an Event of Default, upon notice by the Pledgee of its intent to
exercise such rights to the relevant Pledgor or Pledgors, (i) the Pledgee shall have the right to receive any and all cash dividends, payments, Property or other Proceeds paid in respect of the Pledged Securities and make application thereof to
the Secured Obligations in accordance with Section 10.02(c) of the U.S. Credit Agreement and Section 10.02(c) of the Canadian Credit Agreement, subject to the Section 12.21 of the U.S. Credit Agreement and Section 12.20 of the
Canadian Credit Agreement, and (ii) any or all of the Pledged Securities shall be registered in the name of the Pledgee or its nominee, and (iii) the Pledgee or its nominee may exercise (A) all voting, consent, corporate, partnership
or limited liability company and other rights pertaining to such Pledged Securities at any meeting of shareholders, partners or members (or other equivalent body) of the relevant Issuer or Issuers or otherwise and (B) any and all rights of
conversion, exchange and subscription and any other rights, privileges or options pertaining to such Pledged Securities as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of
the Pledged Securities upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the organizational structure of any Issuer, or upon the exercise by any Pledgor or the Pledgee of any right, privilege or option
pertaining to such Pledged Securities, and in connection therewith, the right to deposit and deliver any and all of the Pledged Securities with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and
conditions as the Pledgee may determine), all without liability except to account for Property actually received by it, but the Pledgee shall have no duty to any Pledgor to exercise any such right, privilege or option and shall not be responsible
for any failure to do so or delay in so doing. 
 (c) In order to permit the Pledgee to exercise the voting and other consensual rights that
it may be entitled to exercise pursuant hereto and to receive all dividends and other distributions that it may be entitled to receive hereunder, (i) each Pledgor shall promptly execute and deliver (or cause to be executed and delivered) to the
Pledgee all such proxies, dividend payment orders and other instruments as the Pledgee may from time to time reasonably request and (ii) without limiting the effect of clause (i) above, such Pledgor hereby grants to the Pledgee an irrevocable
proxy to vote all or any part of the Pledged Securities and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Securities would be entitled (including giving or withholding written consents of
shareholders, partners or members, as the case may be, calling special meetings of shareholders, partners or members, as the case may be, and voting at such meetings), which proxy shall be effective, automatically and without the necessity of any
action (including any transfer of any Pledged Securities on the record books of the Issuer thereof) by any other Person (including the Issuer of such Pledged Securities or any officer or agent thereof) upon the occurrence and during the continuance
of an Event of Default and which proxy shall only terminate when the Secured Obligations are Paid In Full In Cash. 

  
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 (d) Each Pledgor hereby authorizes and instructs each Issuer of any Pledged Securities pledged by
such Pledgor hereunder to (i) comply with any instruction received by it from the Pledgee in writing that (A) states that an Event of Default has occurred and is continuing and (B) is otherwise in accordance with the terms of this
Agreement, without any other or further instructions from such Pledgor, and each Pledgor agrees that each Issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments
with respect to the Pledged Securities directly to the Pledgee if so required pursuant to Section 5.02(b). 
 (e) Without limiting any of
the rights of the Pledgee under Section 5.02(b), upon the occurrence and during the continuance of an Event of Default, if the Issuer of any Pledged Securities is the subject of bankruptcy, insolvency, receivership, custodianship or other
proceedings under the supervision of any Governmental Authority, then all rights of the Pledgor in respect thereof to exercise the voting and other consensual rights which such Pledgor would otherwise be entitled to exercise with respect to the
Pledged Securities issued by such Issuer shall cease, and all such rights shall thereupon become vested in the Pledgee who shall thereupon have the sole right to exercise such voting and other consensual rights, but the Pledgee shall have no duty to
exercise any such voting or other consensual rights and shall not be responsible for any failure to do so or delay in so doing. 

Section 5.03. [Reserved]. 

Section 5.04. Private Sales of Pledged Securities. 

(a) Each Pledgor recognizes that the Pledgee may be unable to effect a public sale of any or all the Pledged Securities, by reason of certain
prohibitions contained in the Securities Act and applicable state securities laws or otherwise or may determine that a public sale is impracticable or not commercially reasonable and, accordingly, may resort to one or more private sales thereof to a
restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. Each Pledgor acknowledges and agrees that
any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable
manner. The Pledgee shall be under no obligation to delay a sale of any of the Pledged Securities for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable
state securities laws, even if such Issuer would agree to do so. 
 (b) Each Pledgor agrees to use commercially reasonable efforts to do or
cause to be done all such other acts as may reasonably be necessary to make such sale or sales of all or any portion of the Pledged Securities pursuant to this Section 5.04 valid and binding and in compliance with any and all other applicable
Governmental Requirements. Each Pledgor further agrees that a breach of any of the covenants contained in this Section 5.04 will cause irreparable injury to the Combined Secured Parties, that the Combined Secured Parties have no adequate remedy at
law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 5.04 shall be specifically enforceable against such Pledgor, and such Pledgor hereby waives and agrees not to assert any defenses against an
action for specific performance of such covenants except for a defense that no Event of Default has occurred and is continuing under the Credit Agreement. 

  
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 Section 5.05. Deficiency. Each Pledgor shall remain liable for any deficiency if the
proceeds of any sale or other disposition of the Collateral are insufficient to pay the Secured Obligations and the fees and disbursements of any attorneys employed by the Pledgee or any Combined Secured Party to collect such deficiency. 

Section 5.06. Non-Judicial Enforcement. The Pledgee may enforce its rights hereunder without prior judicial process or judicial
hearing, and to the extent permitted by law, each Pledgor expressly waives any and all legal rights which might otherwise require the Pledgee to enforce its rights by judicial process. 

ARTICLE 6 
 THE
PLEDGEE 
 Section 6.01. Pledgee’s Appointment as Attorney-in-Fact, Etc. 

(a) Each Pledgor hereby irrevocably constitutes and appoints the Pledgee and any officer or agent thereof, with full power of substitution, as
its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and
all reasonably appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Pledgor
hereby gives the Pledgee the power and right, on behalf of such Pledgor, without notice to or assent by such Pledgor, to do any or all of the following: 

(i) unless being disputed under Section 8.04 of the U.S. Credit Agreement or Section 8.04 of the Canadian Credit
Agreement, pay or discharge Taxes and Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance required by the terms of this Agreement or any other Combined Loan Document and pay all or any part of the
premiums therefor and the costs thereof; 
 (ii) execute, in connection with any sale provided for in Section 5.01 or Section
5.04, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and 

(iii) (A) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to
become due thereunder directly to the Pledgee or as the Pledgee shall direct; (B) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or
arising out of any Collateral; (C) in the name of such Pledgor or its own name, or otherwise, take possession of and indorse and collect any check, draft, note, acceptance or other instrument for the payment of moneys due with respect to any
Collateral and commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the 

  
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Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (D) defend any suit, action or proceeding brought against such Pledgor with respect to any
Collateral; (E) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Pledgee may deem appropriate; and (F) generally, sell, transfer, pledge and make any
agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Pledgee were the absolute owner thereof for all purposes, and do, at the Pledgee’s option and such Pledgor’s expense, at any time,
or from time to time, all acts and things which the Pledgee deems necessary to protect, preserve or realize upon the Collateral and the Pledgee’s and the Combined Secured Parties’ security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Pledgor might do. 
 Anything in this Section 6.01(a) to the contrary notwithstanding, the
Pledgee agrees that it will not exercise any rights under the power of attorney provided for in this Section 6.01(a) unless an Event of Default shall have occurred and be continuing. 

(b) If any Pledgor fails to perform or comply with any of its agreements contained herein within the applicable grace periods, the Pledgee, at
its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement. 

(c) The expenses of the Pledgee incurred in connection with actions undertaken as provided in this Section 6.01, together with interest
thereon at a rate per annum equal to the post-default rate specified in Section 3.02(c) of the Credit Agreement, but in no event to exceed the Highest Lawful Rate, from the date of payment by the Pledgee to the date reimbursed by the relevant
Pledgor, shall be payable by such Pledgor to the Pledgee on demand. 
 (d) Each Pledgor hereby ratifies all that said attorneys shall
lawfully do or cause to be done by virtue and in compliance hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests
created hereby are released. 
 Section 6.02. Duty of Pledgee. The Pledgee’s sole duty with respect to the custody,
safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as the Pledgee deals with similar Property for its own account and shall be
deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral. Neither
the Pledgee, any Combined Secured Party nor any of their Related Parties shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose
of any Collateral upon the request of any Pledgor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Pledgee and the Combined Secured Parties hereunder are solely
to protect the Pledgee’s and the Combined Secured Parties’ interests in the Collateral and shall not impose any duty upon the Pledgee or any Combined Secured Party to exercise any such powers. The Pledgee and the Combined Secured Parties
shall be 

  
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accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their Related Parties shall be responsible to any Pledgor for any
act or failure to act hereunder, except for their own gross negligence or willful misconduct. To the fullest extent permitted by applicable law, the Pledgee shall be under no duty whatsoever to make or give any presentment, notice of dishonor,
protest, demand for performance, notice of non-performance, notice of intent to accelerate, notice of acceleration, or other notice or demand in connection with any Collateral or the Secured Obligations, or to take any steps necessary to preserve
any rights against any Pledgor or other Person or ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not it has or is deemed to have knowledge of
such matters. Each Pledgor, to the extent permitted by applicable law, waives any right of marshaling in respect of any and all Collateral, and waives any right to require the Pledgee or any Combined Secured Party to proceed against any Pledgor or
other Person, exhaust any Collateral or enforce any other remedy which the Pledgee or any Combined Secured Party now has or may hereafter have against each Pledgor, any Pledgor or other Person. 

Section 6.03. Filing of Financing Statements. Pursuant to the UCC and any other applicable law, each Pledgor authorizes the
Pledgee to file or record financing statements and other filing or recording documents or instruments with respect to the Collateral in such form and in such offices as the Pledgee reasonably determines appropriate to perfect the security interests
of the Pledgee under this Agreement. A photographic or other reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. 

Section 6.04. Authority of Pledgee. Each Pledgor acknowledges that the rights and responsibilities of the Pledgee under this
Agreement with respect to any action taken by the Pledgee or the exercise or non-exercise by the Pledgee of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall,
as between the Pledgee and the Combined Secured Parties, be governed by the Credit Agreements and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Pledgee and the Pledgors, the Pledgee
shall be conclusively presumed to be acting as agent for the Combined Secured Parties with full and valid authority so to act or refrain from acting, and no Pledgor shall be under any obligation, or entitlement, to make any inquiry respecting such
authority. 
 ARTICLE 7 

MISCELLANEOUS 

Section 7.01. Waiver. No failure on the part of the Pledgee or any Combined Secured Party to exercise and no delay in exercising,
and no course of dealing with respect to, any right, power, privilege or remedy or any abandonment or discontinuance of steps to enforce such right, power, privilege or remedy under this Agreement or any other Loan Document shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power, privilege or remedy under this Agreement or any other Combined Loan Document preclude or be construed as a waiver of any other or further exercise thereof or the exercise of any
other right, power, privilege or remedy. The remedies provided herein are cumulative and not exclusive of any remedies provided by law or equity. 

  
 15 








 Section 7.02. Notices. All notices and other communications provided for herein shall
be given in the manner and subject to the terms of Section 12.01 of the U.S. Credit Agreement and Section 12.01 of the Canadian Credit Agreement; provided that any such notice, request or demand to or upon any Pledgor shall be addressed to
such Pledgor at its notice address set forth on Schedule 1. 
 Section 7.03. Payment of Expenses, Indemnities, Etc. 

(a) Each Pledgor agrees to pay or reimburse each Combined Secured Party and the Pledgee for all out-of-pocket expenses incurred by such
Person, including the fees, charges and disbursements of any counsel for the Pledgee or any Combined Secured Party, in connection with the enforcement or protection of its rights in connection with this Agreement or any other Loan Document,
including, without limitation, all out-of-pocket expenses incurred in enforcing or preserving any rights under this Agreement and the other Combined Loan Documents to which such Pledgor is a party. 

(b) Each Pledgor agrees to pay, and to save the Pledgee and the Combined Secured Parties harmless from the full amount of any Other Taxes (as
defined under each of the Credit Agreements) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, which may be payable or determined to be payable with respect to any of the Collateral or in connection with
any of the transactions contemplated by this Agreement; provided that no Pledgor shall be required to indemnify the Pledgee or any Combined Secured Party for any amounts under this Section 7.03(b) to the extent that such Person fails to notify such
Pledgor of its intent to make a claim for indemnification under this Section 7.03(b) within 180 days after a claim is asserted against such Person by the relevant Governmental Authority. 

(c) Each Pledgor agrees to pay, and to save the Pledgee and the Combined Secured Parties harmless from, any and all liabilities, claims,
losses, damages, penalties, expenses, charges or disbursements with respect to the execution, delivery, enforcement, performance and administration of this Agreement to the extent the Borrower would be required to do so pursuant to
Section 12.03 of the U.S. Credit Agreement or Section 12.03 of the Canadian Credit Agreement. 
 Section 7.04. Amendments
in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in accordance with Section 12.02 of the Credit Agreement and Section 12.02 of the Canadian Credit
Agreement. 
 Section 7.05. Successors and Assigns. The provisions of this Agreement shall be binding upon the Pledgors and
their successors and permitted assigns and shall inure to the benefit of the Pledgee and the Combined Secured Parties and their respective successors and permitted assigns; provided that except as set forth in Section 12.04 of the U.S. Credit
Agreement and Section 12.04 of the Canadian Credit Agreement, no Pledgor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Pledgee and the Majority Lenders, and any
such purported assignment, transfer or delegation shall be null and void. 

  
 16 








 Section 7.06. Survival; Revival; Reinstatement. 

(a) All covenants, agreements, representations and warranties made by any Pledgor herein and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement or any other Combined Loan Document to which it is a party shall be considered to have been relied upon by the Pledgee, the other Agents, the Issuing Banks and the Lenders and shall survive
the execution and delivery of this Agreement and the making of any Combined Loans and issuance of any Combined Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Pledgee, the
other Agents, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect until the Secured
Obligations are Paid In Full In Cash. The provisions of Section 7.03 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Combined Loans, the expiration or
termination of the Combined Letters of Credit and the Combined Commitments or the termination of this Agreement, any other Combined Loan Document or any provision hereof or thereof. 

(b) To the extent that any payments on the Secured Obligations or proceeds of any Collateral are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent, the Secured Obligations so satisfied shall be
revived and continue as if such payment or proceeds had not been received and the Pledgee’s and the Combined Secured Parties’ Liens, security interests, rights, powers and remedies under this Agreement and each other Combined Loan Document
shall continue in full force and effect. In such event, each Combined Loan Document shall be automatically reinstated and the Borrower shall take such action as may be reasonably requested by the Pledgee and the Combined Secured Parties to effect
such reinstatement. 
 Section 7.07. Counterparts; Integration; Effectiveness. 

(a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. 
 (b) This Agreement, the other Loan Documents and
any separate letter agreements with respect to fees payable to the Pledgee constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof and thereof. This Agreement and the other Combined Loan Documents (other than the Combined Letters of Credit and the Letter of Credit Agreements (as defined under each Credit Agreement)) represent the
final agreement among the parties hereto and thereto 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. 

(c) This Agreement shall become effective when it shall have been executed by the Pledgee and when the Pledgee shall have received
counterparts hereof which, when taken 

  
 17 








 
together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto, the Combined Lenders and their respective
successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or any other electronic transmission (including via email or PDF) shall be effective as delivery of a manually executed counterpart of this
Agreement. 
 Section 7.08. Severability. Any provision of this Agreement or any other Combined Loan Document held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 7.09. [Reserved]. 

Section 7.10. Governing Law; Submission to Jurisdiction. 

(a) THIS AGREEMENT AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE
IN ANY WAY TO THIS AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED
STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EITHER CASE LOCATED IN NEW YORK COUNTY, NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY LAW) IN RESPECT OF
ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. THIS SUBMISSION TO JURISDICTION IS NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM OBTAINING JURISDICTION OVER ANOTHER
PARTY IN ANY COURT OTHERWISE HAVING JURISDICTION. 
 (c) EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE
AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN Section 7.02 OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO Section 7.02
(OR ITS ASSIGNMENT AND ASSUMPTION), SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF 

  
 18 








 
A PARTY OR ANY HOLDER OF A NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 

(d) EACH PARTY HEREBY (i) IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER COMBINED LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH
LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (iii) CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OR COUNSEL FOR ANY PARTY HERETO HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (iv) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE OTHER COMBINED LOAN
DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS Section 7.10. 

Section 7.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 7.12. Acknowledgments. Each Pledgor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Combined Loan Documents to which
it is a party; 
 (b) neither the Pledgee nor any Combined Secured Party has any fiduciary relationship with or duty to any Pledgor arising
out of or in connection with this Agreement or any of the other Combined Loan Documents, and the relationship between the Pledgors, on the one hand, and the Pledgee and Combined Secured Parties, on the other hand, in connection herewith or therewith
is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Combined Loan Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Combined Secured Parties or among the Pledgors and the Combined Secured Parties. 

(d) Each of the parties hereto specifically agrees that it has a duty to read this Agreement, the Combined Security Instruments and the other
Combined Loan Documents and agrees that it is charged with notice and knowledge of the terms of this Agreement, the Combined Security Instruments and the other Combined Loan Documents; that it has in fact read this Agreement, the Combined Security
Instruments and the other Combined Loan Documents and is fully informed and has full notice and knowledge of the terms, conditions and effects 

  
 19 








 
thereof; that it has been represented by independent legal counsel of its choice throughout the negotiations preceding its execution of this Agreement and the Combined Security Instruments and
the other Combined Loan Documents; and has received the advice of its attorney in entering into this Agreement, the Combined Security Instruments and the other Combined Loan Documents; and that it recognizes that certain of the terms of this
Agreement and the Combined Security Instruments result in one party assuming the liability inherent in some aspects of the transaction and relieving the other party of its responsibility for such liability. EACH PARTY HERETO AGREES AND COVENANTS
THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS AGREEMENT AND THE COMBINED SECURITY INSTRUMENTS ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION IS NOT
“CONSPICUOUS.” 
 Section 7.13. Additional Pledgors and Additional Equity Interests. Each Restricted Subsidiary of
the Borrower that at any time owns any Equity Interests in any other Restricted Subsidiary and is required to become a party to this Agreement pursuant to Section 8.13 of the U.S. Credit Agreement or Section 8.13 of the Canadian Credit
Agreement shall become a Pledgor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex I hereto and shall thereafter have the same rights, benefits and obligations as a
Pledgor party hereto on the date hereof. Each Pledgor that is required to pledge additional Equity Interests of any Restricted Subsidiary shall execute and deliver a Supplement in the form of Annex II hereto, if such Equity Interests were not
previously pledged. 
 Section 7.14. Releases. 

(a) Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith
shall remain in full force and effect until the Secured Obligations are Paid In Full In Cash, at which time such security interests shall automatically terminate. Promptly following the Secured Obligations being Paid In Full In Cash, the Pledgee
shall, at the Borrower’s written request and expense, (i) retransfer and deliver all Collateral in its possession to the Pledgors, and (ii) execute a written release or termination statement and reassign to the Pledgors without
recourse or warranty any remaining Collateral and all rights conveyed hereby. 
 (b) Partial Releases. If any of the Collateral shall be
sold, transferred or otherwise disposed of by any Pledgor in a transaction permitted by the Credit Agreements, then the Pledgee, at the request and sole expense of such Pledgor, shall promptly execute and deliver to such Pledgor all releases or
other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral and the Equity Interests of the Issuer thereof. At the request and sole expense of the Borrower, a Pledgor shall be released from its
obligations hereunder in the event that all the Equity Interests of such Pledgor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreements; provided that the Borrower shall have delivered to the Pledgee,
at least three (3) Business Days prior to the date of the proposed release (or such shorter period as the Pledgee may agree), a written request of a Responsible Officer of the Borrower for release identifying the relevant Pledgor, together with
a certification by the Borrower stating that such transaction is in compliance with the Credit Agreements and the other Combined Loan Documents. 

  
 20 








 (c) Retention in Satisfaction. Except as may be expressly applicable pursuant to
Section 9-620 of the UCC, no action taken or omission to act by the Pledgee or the Combined Secured Parties hereunder, including, without limitation, any exercise of voting or consensual rights or any other action taken or inaction, shall be
deemed to constitute a retention of the Collateral in satisfaction of the Secured Obligations or otherwise to be in full satisfaction of the Secured Obligations, and the Secured Obligations shall remain in full force and effect, until the Pledgee
and the Combined Secured Parties shall have applied payments (including, without limitation, collections from Collateral) towards the Secured Obligations in the full amount then outstanding or until such subsequent time as is provided in Section
7.14(a). 
 Section 7.15. Acceptance. Each Pledgor hereby expressly waives notice of acceptance of this Agreement, acceptance on
the part of the Pledgee and the Combined Secured Parties being conclusively presumed by their request for this Agreement and delivery of the same to the Pledgee. 

Section 7.16. Intercreditor Agreement. In the event of any conflict between the provisions set forth in this Agreement solely as
they relate to the relative rights and obligations of the Pledgee and other Combined Secured Parties in relation to one another and those set forth in the Intercreditor Agreement, the provisions of the Intercreditor Agreement shall supercede and
control such provisions of this Agreement. 
 [Signature Pages Follow] 

  
 21 








 IN WITNESS WHEREOF, each of the undersigned has caused this Pledge Agreement to be duly executed
and delivered as of the date first above written. 
  

									
	PLEDGORS:	 		 	QUICKSILVER RESOURCES INC.
				
		 		 	By:	 	  

		 		 		 	Name:	 	  

		 		 		 	Title:	 	  

			
		 		 	COWTOWN PIPELINE MANAGEMENT, INC
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	COWTOWN PIPELINE FUNDING, INC.
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  


 Signature Page to Pledge Agreement 








							
	Acknowledged and Agreed to as of the date hereof by:	 		 	
			
	PLEDGEE:	 		 	JPMORGAN CHASE BANK, N.A., as Global Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  


 Signature Page to Pledge Agreement 







 Annex I 

Assumption Agreement 

ASSUMPTION AGREEMENT, dated as of [            ], 201[    ],
made by [            ], a [            ] (the “Additional Pledgor”), in favor of JPMORGAN CHASE BANK, N.A., as
Global Administrative Agent (in such capacity, the “Pledgee”) for the financial institutions (the “Lenders”) parties to the Credit Agreements referred to below and for the other Combined Secured Parties. All
capitalized terms not defined herein shall have the meaning ascribed to them in the Amended and Restated Pledge Agreement dated as of December 22, 2011 among the Borrower, Cowtown Pipeline Management, Inc., Cowtown Pipeline Funding, Inc., any
other Restricted Subsidiaries of the Borrower that become a party thereto from time to time and the Global Administrative Agent (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “Pledge
Agreement”). 
 W I T N E S S E T H: 

WHEREAS, Quicksilver Resources Inc., a Delaware Corporation (the “Borrower”), the Pledgee, the banks and other financial
institutions party thereto as lenders and the other agents party thereto executed an Amended and Restated Credit Agreement dated as of December 22, 2011 (such agreement, as may from time to time be amended, restated, replaced, modified or
supplemented, the “U.S. Credit Agreement”); 
 WHEREAS, Quicksilver Resources Inc., as parent, Quicksilver Resources Canada
Inc. (the “Canadian Borrower”), JPMorgan Chase Bank, N.A., Toronto Branch (the “Canadian Administrative Agent”), the banks and other financial institutions party thereto as lenders and the other agents party thereto
executed an Amended and Restated Credit Agreement dated as of December 22, 2011 (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “Canadian Credit Agreement” and, together
with the U.S. Credit Agreement, collectively, the “Credit Agreements”); 
 WHEREAS, in connection with the Credit
Agreements, the Borrower and certain of its Restricted Subsidiaries have entered into the Pledge Agreement in favor of the Pledgee for the benefit of the Combined Secured Parties; 

WHEREAS, the Credit Agreements require the Additional Pledgor to become a party to the Pledge Agreement; and 

WHEREAS, the Additional Pledgor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Pledge
Agreement; NOW, THEREFORE, IT IS AGREED: 
 1. Pledge Agreement. By executing and delivering this Assumption Agreement, the
Additional Pledgor, as provided in Section 7.13 of the Pledge Agreement, hereby becomes a party to the Pledge Agreement as a Pledgor thereunder with the same force and effect as if originally named therein as a Pledgor and, without limiting the
generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Pledgor thereunder and expressly grants to the Pledgee, for the benefit of the Combined Secured Parties, a security interest in all


  
 Annex I - 1 








 
Collateral owned by such Additional Pledgor to secure all of the Secured Obligations thereunder. The information set forth in Exhibit A hereto is hereby added to the information set forth in
Schedules 1 through 4 to the Pledge Agreement. The Additional Pledgor hereby represents and warrants that each of the representations and warranties contained in Article III of the Pledge Agreement is true and correct on and as the date hereof
(after giving effect to this Assumption Agreement) as if made on and as of such date. 
 2. Governing Law. This Assumption Agreement
shall be governed by, and construed in accordance with, the laws of the State of New York. 
 IN WITNESS WHEREOF, the undersigned has caused
this Assumption Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL PLEDGOR]
		
	By:	 	  

		 	Name:
		 	Title:



  
 Annex I - 2 








 Exhibit A to Annex I 

Schedules to Pledge Agreement 

  
 Annex I - 3 








 Annex II 

Supplement 
 SUPPLEMENT, dated as
of [            ], 20[    ], made by [            ], a
[            ] (the “Specified Pledgor”), in favor of JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity, the “Pledgee”) for the
financial institutions (the “Lenders”) parties to the Credit Agreement referred to below and for the other Combined Secured Parties. All capitalized terms not defined herein shall have the meaning ascribed to them in the Amended and
Restated Pledge Agreement dated as of December 22, 2011 among the Borrower, Cowtown Pipeline Management, Inc., Cowtown Pipeline Funding, Inc., any other Restricted Subsidiaries of the Borrower that become a party thereto from time to time and
the Global Administrative Agent (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “Pledge Agreement”). 

W I T N E S S E T H: 
 WHEREAS,
Quicksilver Resources Inc., a Delaware Corporation (the “Borrower”), the Pledgee, the banks and other financial institutions party thereto as lenders and the other agents party thereto executed an Amended and Restated Credit
Agreement dated as of December 22, 2011 (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “U.S. Credit Agreement”); 

WHEREAS, Quicksilver Resources Inc., as parent, Quicksilver Resources Canada Inc. (the “Canadian Borrower”), JPMorgan Chase
Bank, N.A., Toronto Branch (the “Canadian Administrative Agent”), the banks and other financial institutions party thereto as lenders and the other agents party thereto executed an Amended and Restated Credit Agreement dated as of
December 22, 2011 (such agreement, as may from time to time be amended, restated, replaced, modified or supplemented, the “Canadian Credit Agreement” and, together with the U.S. Credit Agreement, collectively, the
“Credit Agreements”); 
 WHEREAS, in connection with the Credit Agreements, the Borrower and certain of its Restricted
Subsidiaries have entered into the Pledge Agreement in favor of the Pledgee for the benefit of the Combined Secured Parties; 
 WHEREAS, the
Credit Agreements require the Specified Pledgor to pledge the Equity Interests described hereto on Schedule 2-S; and 

WHEREAS, the Specified Pledgor has agreed to execute and deliver this Supplement in order to pledge such Equity Interests; 

NOW, THEREFORE, IT IS AGREED: 

1. Pledge Agreement. By executing and delivering this Supplement, the Specified Pledgor, as provided in Section 7.13 of the Pledge
Agreement, hereby pledges and grants a security interest in (a) the Equity Interests described or referred to in Schedule 2-S and (b) all other Collateral (as defined in the Pledge Agreement). Upon execution of this Supplement, such
securities will constitute “Pledged Securities” for purposes of the Pledge Agreement with 

  
 Annex II - 1 








 
the same force and effect as if originally listed on Schedule 2 thereto. The information set forth in Schedule 2-S hereto is hereby added to the information set forth in Schedule 2 to the Pledge
Agreement. The Specified Pledgor hereby represents and warrants that each of the representations and warranties contained in Article III of the Pledge Agreement is true and correct on and as the date hereof (after giving effect to this Supplement)
as if made on and as of such date. 
 2. Governing Law. This Supplement shall be governed by, and construed in accordance with, the
laws of the State of New York. 
 IN WITNESS WHEREOF, the undersigned has caused this Supplement to be duly executed and delivered as of the
date first above written. 
  

			
	[SPECIFIED PLEDGOR]
		
	By:	 	  

		 	Name:
		 	Title:



  
 Annex II - 2 








 Schedule 2-S to Annex II 

Schedule 2 
 DESCRIPTION OF
ADDITIONAL PLEDGED SECURITIES 
 Additional Pledged Securities: 
  

													
	 Owner
	  	Issuer	  	Percentage
Owned	  	Percentage
Pledged	  	Class of
Stock	  	No. of
Shares	  	Certificate
No.
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	


  
 Annex II - 3 








 Exhibit A 

Acknowledgment and Consent 
 The
undersigned hereby acknowledges receipt of a copy of the Pledge Agreement dated as of December 22, 2011 (the “Pledge Agreement”), made by the Pledgors parties thereto for the benefit of JPMORGAN CHASE BANK, N.A., as Pledgee and the
Combined Secured Parties. The undersigned agrees for the benefit of the Pledgee and the Combined Secured Parties as follows: 
 1. he
undersigned will be bound by the terms of the Pledge Agreement and will comply with such terms insofar as such terms are applicable to the undersigned. 

2. The terms of Section 5.01(a) of the Pledge Agreement shall apply to it, mutatis mutandis, with respect to all actions that may
be required of it pursuant to Section 5.02(a) or Section 5.04 of the Pledge Agreement. 
  

			
	[NAME OF ISSUER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:
	  

	  

	  

	  

	Fax:	 	  




  
 Exhibit A-1 








 Schedule 1 

NOTICE ADDRESSES OF PLEDGORS 
 Quicksilver
Resources Inc. 
 801 Cherry St, Suite 3700, Unit 19 
 Fort
Worth, Texas 76102 
 Attention of Vice President – Treasurer 

(Telecopy No. (817) 665-5016) 
 With a copy to General
Counsel 
 (Telecopy No. (817) 668-5012) 
 Cowtown
Pipeline Management, Inc. 
 801 Cherry St, Suite 3700, Unit 19 

Fort Worth, Texas 76102 
 Attention of Vice President –
Treasurer 
 (Telecopy No. (817) 665-5016) 
 With a copy to
General Counsel 
 (Telecopy No. (817) 668-5012) 
 Cowtown
Pipeline Funding, Inc. 
 801 Cherry St, Suite 3700, Unit 19 

Fort Worth, Texas 76102 
 Attention of Vice President –
Treasurer 
 (Telecopy No. (817) 665-5016) 
 With a copy to
General Counsel 
 (Telecopy No. (817) 668-5012) 

  
 Schedule 1 - 1 








 Schedule 2 

DESCRIPTION OF PLEDGED SECURITIES 

Pledged Securities: 
  

																	
	 Owner
	  	 Issuer
	  	Percentage
Owned	 	 	Percentage
Pledged	 	 	Class of
Stock	  	No. of
Shares	  	Certificate
No.
	 Quicksilver Resources Inc.
	  	Cowtown Pipeline Management, Inc.	  	 	100	% 	 	 	100	% 	 	Common stock	  	1,000,000	  	2
	 Quicksilver Resources Inc.
	  	Cowtown Pipeline Funding, Inc.	  	 	100	% 	 	 	100	% 	 	Common stock	  	1,000	  	2
	 Quicksilver Resources Inc.
	  	Quicksilver Resources Canada Inc.	  	 	100	% 	 	 	65	% 	 	Common Stock	  	1,905,134	  	Com 1
	 Cowtown Pipeline Management, Inc.
	  	Cowtown Gas Processing L.P.	  	 	1	% 	 	 	100	% 	 	General partner
interest	  	n/a	  	n/a
	 Cowtown Pipeline Funding, Inc.
	  	Cowtown Gas Processing L.P.	  	 	99	% 	 	 	100	% 	 	Limited partner
interest	  	n/a	  	n/a
	 Cowtown Pipeline Management, Inc.
	  	Cowtown Pipeline L.P.	  	 	1	% 	 	 	100	% 	 	General partner
interest	  	n/a	  	n/a
	 Cowtown Pipeline Funding, Inc.
	  	Cowtown Pipeline L.P.	  	 	99	% 	 	 	100	% 	 	Limited partner
interest	  	n/a	  	n/a


  
 Schedule 2 - 1 








 Schedule 3 

FILINGS AND OTHER ACTIONS 

REQUIRED TO PERFECT SECURITY INTERESTS 
  

	1.	Filing of UCC-1 Financing Statement with respect to the Collateral with the Secretary of State of the State of Delaware for the Borrower and Cowtown Funding and with the Secretary of State of the State of Texas for
Cowtown Management. 

  

	2.	Delivery to the Pledgee of all Pledged Securities consisting of certificated securities, in each case properly endorsed for transfer or in blank. 


  
 Schedule 3 - 1 








 Schedule 4 

LOCATION OF JURISDICTION OF ORGANIZATION AND CHIEF EXECUTIVE OFFICE 
  

							
	 Name of Pledgor
	  	 Jurisdiction of
Organization
	    	 Organizational
ID Number
	  	 Principal Place of Business

and/ or Chief Executive

Office

	Quicksilver Resources Inc.	  	Delaware	    	2825962	  	 801 Cherry St, Suite 3700, Unit 19

Fort Worth, Texas 76102

	Cowtown Pipeline Management, Inc.	  	Texas	    	800370006	  	 801 Cherry St, Suite 3700, Unit 19

Fort Worth, Texas 76102

	Cowtown Pipeline Funding, Inc.	  	Delaware	    	3835075	  	 801 Cherry St, Suite 3700, Unit 19

Fort Worth, Texas 76102



  
 Schedule 4 - 1 








 EXHIBIT H-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of December 22, 2011 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Quicksilver Resources Inc., a Delaware corporation (the “Borrower”), and each Lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial
owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent
shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Global Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Global Administrative Agent, and (2) the undersigned shall
have at all times furnished the Borrower and the Global Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two
calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement. 
  

	
	[NAME OF LENDER]
	
	By:
	Name:
	Title:
	Date:             , 20[    ]


  
 Exhibit H-1 - 1 








 EXHIBIT H-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of December 22, 2011 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Quicksilver Resources Inc., a Delaware corporation (the “Borrower”), and each Lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial
owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the
undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly
completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

 

	
	[NAME OF PARTICIPANT]
	
	By:
	Name:
	Title:
	Date:             , 20[    ]


  
 Exhibit H-2 - 1 








 EXHIBIT H-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of December 22, 2011 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Quicksilver Resources Inc., a Delaware corporation (the “Borrower”), and each Lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the
participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any
of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct
or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the
Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied
by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement. 
  

	
	[NAME OF PARTICIPANT]
	
	By:
	Name:
	Title:
	Date:             , 20[    ]


  
 Exhibit H-3 - 1 








 EXHIBIT H-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of December 22, 2011 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Quicksilver Resources Inc., a Delaware corporation (the “Borrower”), and each Lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the
Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such
Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan
agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Global Administrative Agent and the Borrower with IRS Form W­8IMY accompanied by one of the following forms from each of
its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming
the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Global Administrative Agent,
and (2) the undersigned shall have at all times furnished the Borrower and the Global Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement. 
  

	
	[NAME OF LENDER]
	
	By:
	Name:
	Title:
	Date:             , 20[    ]


  
 Exhibit H-4 - 1 








 SCHEDULE 1.02 

GUARANTORS 
  

			
	 U.S. GUARANTORS
	  	 JURISDICTION OF

ORGANIZATION

	Cowtown Pipeline Management, Inc.	  	Texas
	Cowtown Pipeline Funding, Inc.	  	Delaware
	Cowtown Gas Processing L.P.	  	Texas
	Cowtown Pipeline L.P.	  	Texas

 CANADIAN GUARANTORS 

None 

  
 Schedule 1.02 








 SCHEDULE 3.05 

GRANDFATHERED LETTERS OF CREDIT 
  

											
	 QUICKSILVER
RESOURCES INC.

	 BANK
	  	LC NUMBER	  	EXPIRE DATE	  	AMOUNT	 	  	 BENEFICIARY

	 JPMorgan Chase
	  	CPCS-642639	  	06/27/2012	  	$	150,000.00	  	  	Department of the Interior Bureau of Indian Affairs
	 JPMorgan Chase
	  	CPCS-744726	  	02/28/2012	  	 	5,000,000.00	  	  	Houston Pipeline Co L.P. and/or Energy Transfer Partners, L.P.
	 JPMorgan Chase
	  	CPCS-740855	  	05/15/2012	  	 	10,000.00	  	  	Columbia Gulf Transmission, LLC
	 JPMorgan Chase
	  	CPCS-795261	  	09/04/2012	  	 	10,000.00	  	  	Transcontinental Gas Pipeline
		  		  		  	  
	  
	 	  	
	 Total
	  	$	5,170,000.00	  	  	
		  		  		  	  
	  
	 	  	

  

											
	 QUICKSILVER
RESOURCES CANADA INC.

	 BANK
	  	LC NUMBER	  	EXPIRE DATE	  	AMOUNT (CAD$)	 	  	 BENEFICIARY

	 JPMorgan Chase
	  	001-814	  	02/09/2012	  	$	1,000,000.00	  	  	Natural Gas Exchange
	 JPMorgan Chase
	  	001-1084	  	05/31/2012	  	 	7,750,000.00	  	  	Westcoast Energy Inc./Spectra
	 JPMorgan Chase
	  	001-1092	  	03/17/2012	  	 	3,454,708.00	  	  	NOVA Gas Transmission Ltd./TCPL
	 JPMorgan Chase
	  	701685	  	08/11/2012	  	 	32,648,000.00	  	  	NOVA Gas Transmission Ltd./TCPL
	 JPMorgan Chase
	  	702037	  	12/12/2012	  	 	150,000.00	  	  	British Columbia Oil & Gas Commission
		  		  		  	  
	  
	 	  	
	 Total
	  	$	45,002,708.00	  	  	
		  		  		  	  
	  
	 	  	

  

  
 Schedule 3.05-1 








 SCHEDULE 7.11 

RESTRICTED SUBSIDIARIES; UNRESTRICTED SUBSIDIARIES 
  

							
	 RESTRICTED

SUBSIDIARIES
	  	 JURISDICTION OF

ORGANIZATION
	  	 ORGANIZATIONAL

IDENTIFICATION

NUMBER
	  	 PRINCIPAL PLACE OF

BUSINESS AND CHIEF

EXECUTIVE OFFICE

				
	Cowtown Pipeline Management, Inc.	  	Texas	  	800370006	  	 c/o Quicksilver Resources Inc.
 801 Cherry
Street
 Suite 3700, Unit 19
 Fort Worth, TX 76102

				
	Cowtown Pipeline Funding, Inc.	  	Delaware	  	3835075	  	 c/o Quicksilver Resources Inc.
 801 Cherry
Street
 Suite 3700, Unit 19
 Fort Worth, TX 76102

				
	Cowtown Gas Processing L.P.	  	Texas	  	800458157	  	 c/o Quicksilver Resources Inc.
 801 Cherry
Street
 Suite 3700, Unit 19
 Fort Worth, TX 76102

				
	Cowtown Pipeline L.P.	  	Texas	  	800370586	  	 c/o Quicksilver Resources Inc.
 801 Cherry
Street
 Suite 3700, Unit 19
 Fort Worth, TX 76102

				
	Quicksilver Resources Canada Inc.	  	Alberta	  	2014451096	  	 c/o Quicksilver Resources Inc.
 801 Cherry
Street
 Suite 3700, Unit 19
 Fort Worth, TX 76102


  

					
	 UNRESTRICTED SUBSIDIARIES
	  	 JURISDICTION OF

ORGANIZATION
	  	 ORGANIZATIONAL

IDENTIFICATION

NUMBER

			
	Cowtown Drilling Inc.	  	Texas	  	800525807
			
	Makarios Resources International Holdings LLC	  	Delaware	  	4983995
			
	Makarios Resources International Inc.	  	Delaware	  	4983994
			
	Makarios Midstream Inc.	  	Alberta	  	2016233914
			
	1622834 Alberta Inc.	  	Alberta	  	2016228344


  
 Schedule 7.11-1 








 SCHEDULE 7.12 

INSURANCE 
  

					
	 U.S. PROPERTY AND
CASUALTY INSURANCE POLICIES

	 INSURANCE CARRIER
	  	 TYPE OF COVERAGE
	  	 POLICY NUMBER

			
	Liberty Mutual	  	Workers Compensation/ Employers Liability	  	WC2641005100-062
			
	Liberty Mutual	  	General Liability (USA)	  	TB2641005100-071
			
	Liberty Mutual	  	Auto Liability (USA)	  	AS2641005100-081
			
	StarNet	  	Non-Owned Aviation Liability	  	BA110500160
			
	Ironshore Specialty	  	Umbrella ($25 MM Primary)	  	00272701
			
	AXIS Surplus	  	Excess Umbrella ($25 MM – First Excess Layer)	  	EAU726544012011
			
	Chubb Custom	  	Excess Umbrella ($25 MM – Second Excess Layer)	  	79565071
			
	Fireman’s Fund	  	Excess Umbrella ($25 MM- Third Excess Layer)	  	SHX00014785570
			
	Liberty Mutual (37.5%)	  	Property (Including Oil Lease Equipment)	  	3DAAAGIJ002
			
	 Zurich America (37.5%)
 National Union
(25%)
	  	 “

“
	  	 OGR9264592-01

616-281-32

			
	Lexington Insurance	  	Control of Well	  	019946699
			
	Lexington Insurance	  	Control of Well (City of Granbury)	  	019946698
			
	Lloyd’s of London	  	Excess Control of Well	  	10536H11
			
	Ironshore Specialty	  	Site Pollution Liability	  	00274901
			
	Ironshore Specialty	  	Site Pollution Liability (Town of Northlake, TX)	  	01HUB0918001


  
 Schedule 7.12-1 









					
	 CANADIAN PROPERTY AND
CASUALTY INSURANCE POLICIES

	 INSURANCE CARRIER
	  	 TYPE OF COVERAGE
	  	 POLICY NUMBER

			
	AXA Pacific	  	Auto Liability	  	4009061
			
	St. Paul Fire & Marine(Travelers)	  	General Liability	  	CPC0082657
			
	St. Paul Fire & Marine(Travelers)	  	Umbrella (C$14MM Primary)	  	CPC0082657
			
	GCAN	  	Excess Umbrella (C$11MM First Excess Layer)	  	9140196
			
	Lloyds by Authority of Endeavour Insurance Services	  	Excess Umbrella(C$75MM Second Excess Layer)	  	B1135P20519/2011
			
	Berkley Insurance Company	  	Non-Owned Aviation	  	BA-11-06-00034
			
	Zurich (55%) Liberty Mutual (25%) Chubb (20%)	  	Property (Including Oil Lease Equipment)	  	M11BFLC006
			
	Chartis of Canada	  	Control of Well	  	7274344
			
	Lloyd’s of London	  	Excess Control of Well	  	10950H11


  
 Schedule 7.12-2 








 SCHEDULE 9.02 

EXISTING DEBT 
  

									
	 QUICKSILVER
RESOURCES INC.
	 
	 INSTRUMENT
	  	 COUNTERPARTY
	  	 REMAINING TENOR
	  	REMAINING
OBLIGATION
(AS OF 9/30/2011)	 
				
	Senior Note due 2015	  	The Bank of New York Trust Company, N.A. as Trustee	  	August 1, 2015	  	$	438,000,000	  
				
	Senior Note due 2016	  	The Bank of New York Trust Company, N.A. as Trustee	  	January 1, 2016	  	$	590,620,000	  
				
	Senior Note due 2019	  	The Bank of New York Trust Company, N.A. as Trustee	  	August 15, 2019	  	$	298,000,000	  
				
	Senior Subordinated Notes	  	The Bank of New York Trust Company, N.A. as Trustee	  	April 1, 2016	  	$	350,000,000	  
				
	Convertible Debentures	  	JP Morgan Chase Bank	  	November 1, 2024	  	$	18,000	  
				
	Guarantees of any Debt listed on this Schedule 9.02	  	as applicable as noted on this Schedule 9.02	  	as applicable as noted on this Schedule 9.02	  	 
 
 	as applicable
as noted on this
Schedule 9.02	  
  
  
	
	 QUICKSILVER
RESOURCES CANADA INC.
	 
	 INSTRUMENT
	  	 COUNTERPARTY
	  	 REMAINING TENOR
	  	REMAINING
OBLIGATION
(AS OF 9/30/2011)	 
				
	 Amended and Restated Global Intercompany Note dated September 6, 2011
	  	Quicksilver Resources Inc.	  	n/a	  	US$	243,620,034.64	  
				
	Accounts Payable over 90 days	  	Various	  	Various	  	C$	221,477	  


  
 Schedule 9.03 - 1 








 SCHEDULE 9.03 

LIENS 
  

											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Inc.	  	GreatAmerica Leasing Corporation	  	Delaware	  	07/06/07	  	2007 2560612	  	This UCC-1 is filed pursuant to Section 9-505 of the Uniform Commercial Code for informational purposes only. This transaction is intended by the lessee and lessor to be a lease. Various Panasonic and Konica Copiers and Fax Machines
with Accessories and all Products, Proceeds and Attachments 417781
						
	Quicksilver Resources Inc.	  	Konica Minolta Business Solutions U.S.A., Inc.	  	Delaware	  	07/25/07	  	2007 2797321	  	This is a lease transaction and is being filed for notification purposes only. Four (4) Konica Minolta bizhub C550 color copiers.
						
	Quicksilver Resources Inc	  	Caterpillar Financial Services Corporation	  	Delaware	  	08/23/07	  	2007 3226569	  	One (1) Caterpillar 924G Wheel Loader S/N: DDA03777 and substitutions, replacement, additions and accessions thereto, now owned or hereafter acquired and proceeds thereof. This is a precautionary filing and is not to be deemed as an
admission by any party that the lease agreement is other than a true lease.
						
	Quicksilver Resources Inc.	  	GreatAmerica Leasing Corporation	  	Delaware	  	06/18/08	  	2008 2088159	  	Various Panasonic Copiers with Accessories and all products, proceeds and attachments. This UCC-1 is filed pursuant to Section 9-505 of the Uniform Commercial Code for informational purposes only. This transaction is intended by the
lessee and lessor to be a lease.
						
	Quicksilver Resources Inc.	  	Herc Exchange, LLC	  	Delaware	  	12/22/08	  	2008 4240832	  	One (1) Backhoe; Make: DEERE; Model: 310G; Serial: TO310GX947392; Herc ID: 226055166; Doc: 23947563-001
						
	Quicksilver Resources Inc.	  	United Rentals Northwest, Inc.	  	Delaware	  	06/10/09	  	2009 1847802	  	Forklift Var Reach 5000 LB 16-20 Ft; Make: TEREX; Model: TX­5119; Serial #: 2306A09574; Model Year: 2003; $18,078.52


  
 Schedule 9.03 - 1 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Inc.	  	Konica Minolta Premier Finance	  	Delaware	  	04/07/10	  	2010 1202245	  	All Equipment, described herein or otherwise, leased to or financed for the Debtor by Secured Party under that certain Premier Advantage Agreement No. 7662395-003 including all accessories, accessions, replacements, additions,
substitutions, add-ons and upgrades thereto, and any proceeds therefrom.
						
	Quicksilver Resources Inc.	  	United Equipment Rentals Gulf, L.P.	  	Delaware	  	05/04/10	  	2010 1559420	  	Customer hereby grants to United Equipment Rentals Gulf, L.P. a security interest in the Equipment described as: Customer #: 992964, Equipment #: 945628, Qty: 1, Invoice/Seq #: 87303450-001, Make: SKYTRAK, Model: 8042, Description:
FORKLIFT VAR REACH 8000LB *40-49 FT and the proceeds of the Equipment to secure the prompt payment and performance of Customer’s purchase price and other obligations.
						
	Quicksilver Resources Inc.	  	Konica Minolta Premier Finance	  	Delaware	  	03/07/11	  	20110837644	  	All Equipment, described herein or otherwise, leased to or financed for the Debtor by Secured Party under that certain Premier Advantage Agreement No. 7662395-006 including all accessories, accessions, replacements, additions,
substitutions, add-ons and upgrades thereto, and any proceeds therefrom.
						
	Quicksilver Resources Inc.	  	JPMorgan Chase Bank, N.A., Toronto Branch	  	Delaware	  	09/06/11	  		  	One hundred percent of the equity interest of Quicksilver Resources Canada Inc.
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	11/29/07	  	07112908228	  	1J8HR78378C130571 2008 JE GRANDE CHEROKEE MV - Motor Vehicle


  
 Schedule 9.03 - 2 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	11/05/08	  	08110531419	  	5TBBT54148S462465 2008 TO TUNDRA 4X4 DOUBLE MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	11/05/08	  	08110531789	  	JTEBU11F38K032491 2009 TO FJ CRUISER MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster	  	Alberta	  	04/28/09	  	09042828858	  	1D3HV13T49S714528 2009 DODGE 1500 4X4 CREW MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	06/30/09	  	09063000099	  	1FTFX1EV7AFA10295 2010 FO F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	06/30/09	  	09063000101	  	1FTFX1EV9AFA10296 2010 FO F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	08/20/09	  	09082000033	  	1D7RV1CT8AS120824 2010 DO RAM 1500 4X4 CREWCAB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	08/31/09	  	09083105458	  	1FTFX1EV5AFA10294 2010 FO F150 4X4 SUPER MV – Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	08/31/09	  	09083105574	  	1FTFX1EV3AFA10293 2010 FO F150 4X4 SUPER MV – Motor Vehicle


  
 Schedule 9.03 - 3 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	09/10/09	  	09091003975	  	1FTFX1EV5AFA09808 2010 FORD F-150 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	09/29/09	  	09092900128	  	1FTFX1EV3AFA59123 2010 FORD F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	09/29/09	  	09092900145	  	1FTFX1EV5AFA59124 2010 FORD F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	09/29/09	  	09092900162	  	1FTFX1EV7AFA59125 2010 FORD F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	09/29/09	  	09092900180	  	1FTFX1EV9AFA59126 2010 FORD F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	09/29/09	  	09092900193	  	1FTFX1EV0AFA59127 2010 FORD F150 4X4 SUPERCAB SB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	04/08/10	  	10040820204	  	1FTFW1EV0AKE03985 2010 Ford F-150 LARIAT MV – Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	04/23/10	  	10042321325	  	1FTFW1EV0AFC31336 2010 Ford F-150 LARIAT MV – Motor Vehicle


  
 Schedule 9.03 - 4 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster	  	Alberta	  	05/20/10	  	10052033721	  	1D7RV1CT5AS219648 2010 DODGE RAM 1500 CREW CAB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster	  	Alberta	  	05/20/10	  	10052034467	  	1FT7W2B6XBEA27500 2011 FORD F250 CREW CAB MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	06/03/10	  	10060314672	  	3GCRKTE34AG266477 2010 Chevy SILVERADO 1500 LTZ MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	06/11/10	  	10061126588	  	1FTFW1EV0AFC31336 2010 FORD F-150 LARIAT MV ­Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	08/26/10	  	10082608057	  	1FT7W2B61BEA76519 2011 Ford F-250 XLT MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	08/31/10	  	10083100243	  	1FT7W2B66BEA71543 2011 FORD F-250 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	09/14/10	  	10091406685	  	2HNYD2H7XAH001264 2010 ACURA MDX ELITE MV – Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	10/20/10	  	10102011858	  	1FTFX1EV5AFC32284 2010 FORD F-150 MV - Motor Vehicle


  
 Schedule 9.03 - 5 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Auto Leasing Ltd.; Jim Peplinski’s Leasemaster National	  	Alberta	  	10/21/10	  	10102103309	  	1FT7W2B68BEA76520 2011 FORD F-250 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	10/27/10	  	10102700456	  	1D7RV1CT5BS573669 2011 DODGE RAM 1500 LARAMIE MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	10/29/10	  	10102909423	  	1FTFX1EF7BFA08797 2011 Ford F-150 XLT MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Jim Peplinski’s Leasemaster; Jim Peplinski’s Auto Leasing Ltd.	  	Alberta	  	12/08/10	  	10120800508	  	1FTFX1EF5BFA08796 2011 Ford F-150 XLT MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	IOS Financial Services	  	Alberta	  	03/10/11	  	11031002178	  	All Goods which are 16 copiers/printers together with all replacements and substitutions thereof and all parts, accessories, accessions and attachments thereto and all proceeds thereof, including all proceeds which are accounts,
goods, chattel paper, securities, documents of title, instruments, money, intangibles, crops or insurance proceeds (reference lease no. 8496590-001)
						
	Quicksilver Resources Canada Inc.	  	GE Canada Equipment Financing G.P.	  	Alberta	  	03/11/11	  	11031108785	  	All Goods which are copiers together with all replacements and substitutions thereof and all parts, accessories, accessions and attachments thereto and all proceeds thereof, including all proceeds which are accounts, goods, chattel
paper, securities, documents of title, instruments, money, intangibles, crops or insurance proceeds (reference lease no. 8496881-001)


  
 Schedule 9.03 - 6 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Canada Inc.	  	Ricoh Canada Inc.	  	Alberta	  	03/14/11	  	11031400328	  	All Goods which are copiers together with all replacements and substitutions thereof and all parts, accessories, accessions and attachments thereto and all proceeds thereof, including all proceeds which are accounts, goods, chattel
paper, securities, documents of title, instruments, money, intangibles, crops or insurance proceeds 8496881-001
						
	Quicksilver Resources	  	Compass Compression Services Ltd.	  	Alberta	  	03/18/11	  	11031815159	  	170, Natural Gas Compressor, CT95-SGH All rights, interest and title in and to a compressor unit bearing identification number C170 in the possession of the Debtor pursuant to an Equipment Rental Agreement dated 23rd day of
February, 2011 between the Secured Party and the Debtor, and all components, furnishings, equipment or other parts of any kind which may from time to time be incorporated or installed in or attached to such compressor(s) for as long as the same is
so attached and thereafter for so long as the same is subject to the Equipment Rental Agreement in respect thereof. Proceeds; goods, inventory, chattel paper, securities, documents of title, instruments, money, intangibles and accounts (all as
defined in the Personal Property Security Act (Alberta) and insurance proceeds.


  
 Schedule 9.03 - 7 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources	  	Compass Compression Services Ltd.	  	Alberta	  	03/18/11	  	11031815209	  	C201, Natural Gas Compressor, AR68-SGF All rights, interest and title in and to a compressor unit bearing identification number C201 in the possession of the Debtor pursuant to an Equipment Rental Agreement dated 23rd day of
February, 2011 between the Secured Party and the Debtor, and all components, furnishings, equipment or other parts of any kind which may from time to time be incorporated or installed in or attached to such compressor(s) for as long as the same is
so attached and thereafter for so long as the same is subject to the Equipment Rental Agreement in respect thereof. Proceeds; goods, inventory, chattel paper, securities, documents of title, instruments, money, intangibles and accounts (all as
defined in the Personal Property Security Act (Alberta) and insurance proceeds.
						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	03/28/11	  	11032825712	  	1FT7W2B60BEB51016 2011 Ford F-250 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	05/19/11	  	11051903289	  	1FTFX1EF8BFB35428 2011 FORD F-150 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	05/19/11	  	11051903338	  	1FTFX1EFXBFB35429 2011FORD F-150 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	06/03/11	  	11060301208	  	1D7RV1CT7BS661283 2011 DODGE RAM 1500 CREW MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	06/03/11	  	11060308811	  	1D7RV1GT6BS682488 2011 DODGE RAM 1500 QUAD MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	06/03/11	  	11060309307	  	1D7RV1CT7BS661283 2011 DODGE RAM 1500 CREW MV - Motor Vehicle


  
 Schedule 9.03 - 8 









											
	 QUICKSILVER RESOURCES
INC.

	 DEBTOR(S)
	  	 SECURED

PARTY
	  	 STATE/

COUNTY

OF FILING
	  	 DATE OF

FILING
	  	 FILE NUMBER
	  	 COLLATERAL DESCRIPTION

						
	Quicksilver Resources Canada Inc.	  	Emkay Canada Leasing Corp.	  	Alberta	  	07/07/11	  	11070705378	  	1FTFW1E69BFB86231 2011 FORD F-150 MV - Motor Vehicle
						
	Quicksilver Resources Canada Inc.	  	Mercedes-Benz Financial; Mercedes-Benz Financial Services Canada Corporation	  	Alberta	  	10/24/11	  	11102430302	  	WDDGF8JB9CA614092 2012 MERCEDES-BENZ C350W4M MV - Motor Vehicle All attachments, accessories, additions, alterations, replacements & repairs (whether present or future) to the vehicle collateral proceeds: all cash and non-cash
proceeds of the vehicle collateral including without limitation proceeds derived directly or indirectly from any dealing with the vehicle collateral or that indemnifies or compensates the Debtor(s) for the destruction or damage to or loss of the
vehicle collateral. The proceeds may take the form of any one or more of the following: goods, documents of titles, chattel paper, instruments, money, securities or intangibles. Accordingly, any of the Debtor(s) after-acquired personal property may
be proceeds and therefore subject to the Secured Party’s security interest.
						
	Quicksilver Resources Canada Inc.	  	Red Deer County	  	n/a	  	n/a	  	n/a	  	Cash deposits aggregating C$90,965.00 (to secure various drilling site and road repair requirements).
						
	Quicksilver Resources Canada Inc.	  	Atco Pipeline	  	n/a	  	n/a	  	n/a	  	Cash deposits aggregating C$55,640.00 (to secure expected pipeline charges).
						
	Quicksilver Resources Canada Inc.	  	Municipal District of Rockyview #44	  	n/a	  	n/a	  	n/a	  	Cash deposit of $50,000.00 (to secure various drilling site and road repair requirements).
						
	Quicksilver Resources Canada Inc.	  	Miscellaneous	  	n/a	  	n/a	  	n/a	  	Cash deposits aggregating C$5,891.54 (to secure miscellaneous obligations)


  
 Schedule 9.03 - 9 








 SCHEDULE 9.06 

INVESTMENTS 
  

	1.	Quicksilver Resources Inc. 

  

	 	a.	Investments made prior to the Effective Date in Cowtown Drilling, Inc., a Texas corporation 

  

	 	b.	Investments made prior to the Effective Date in Makarios Resources International Holdings LLC, a Delaware limited liability company 

  


	 	c.	Investments made prior to the Effective Date in the equity interests of Quicksilver Resources Canada Inc., a corporation organized under the laws of the Province of Alberta, Canada 


 

	 	d.	Amended and Restated Global Intercompany Note dated September 6, 2011 between Quicksilver Resources Inc., as Intercompany Lender, and Quicksilver Resources Canada Inc., as Intercompany Debtor, in the amount of
$243,620,034.64 

  

	 	e.	Promissory Note in the amount of $5,300,000.00 dated October 14, 2011 for the Purchase of 777 West Rosedale, Fort Worth, Texas by Safe City Commission, Inc., a Texas not-for-profit corporation. 


 

	 	f.	Surety Bonds in the aggregate amount of $105,000.00 posted on behalf of Breitburn Energy Partners L.P. 

  

	 	g.	Surety Bond in the amount of $50,000.00 posted on behalf of Crestwood Midstream Partners, L.P. 

  

	2.	Quicksilver Resources Canada Inc. 

  

	 	a.	Investments made prior to the Effective Date in Makarios Midstream Inc., a corporation organized under the laws of the Province of Alberta, Canada 


 

	 	b.	Investments made prior to the Effective Date in 1622834 Alberta Inc., a corporation organized under the laws of the Province of Alberta, Canada 


 

	 	c.	Cash deposits aggregating C$90,965.00 to Red Deer County to secure various drilling site and road repair requirements 

  

	 	d.	Cash deposits aggregating C$55,640.00 to Atco Pipeline to secure expected pipeline charges 

  

	 	e.	Cash deposit of C$50,000.00 to Municipal District of Rockyview #44 to secure various drilling site and road repair requirements 

  

	 	f.	Miscellaneous cash deposits in the amount of C$5,891.54 


  
 Schedule 9.06 - 1 








 SCHEDULE 9.08 

NATURE OF BUSINESS 
 None. 

  
 Schedule 9.08