# EDGAR Filing Document

**Accession Number:** 0001724965
**File Stem:** 0001193125-25-174507
**Filing Date:** 2025-8
**Character Count:** 30583
**Document Hash:** 22b4be5f621eed8bd541827a572246b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-174507.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001193125-25-174507

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250804

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TALOS ENERGY INC.
- **CENTRAL INDEX KEY:** 0001724965
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 823532642
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38497
- **FILM NUMBER:** 251190158

**BUSINESS ADDRESS:**
- **STREET 1:** 333 CLAY STREET
- **STREET 2:** SUITE 3300
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002
- **BUSINESS PHONE:** 713-328-3000

**MAIL ADDRESS:**
- **STREET 1:** 333 CLAY STREET
- **STREET 2:** SUITE 3300
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SAILFISH ENERGY HOLDINGS Corp
- **DATE OF NAME CHANGE:** 20171211

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): August 4, 2025

## Talos Energy Inc.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-38497** | **82-3532642** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission**<br> **File No.)** | **(IRS Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **333 Clay Street, Suite 3300**<br> **Houston, Texas** | **77002** |
| **(Address of principal executive office)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (713) 328-3000

#### Not Applicable

#### (Former names or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock | TALO | NYSE |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 1.01.** | **Entry Into a Material Definitive Agreement.**  |

---

On August 4, 2025, Talos Energy Inc. (the "Company"), Talos Production Inc., a Delaware corporation and wholly owned subsidiary of the Company ("Talos Production"), and certain other direct and indirect subsidiaries of the Company and Talos Production entered into the Borrowing Base Redetermination Agreement and Twelfth Amendment to Credit Agreement (the "Twelfth Amendment"), which amended the Credit Agreement, dated as of May 10, 2018 (as amended, supplemented, waived or otherwise modified from time to time) (the "Credit Agreement"), among the Company, as holdings, Talos Production, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, the issuing banks, the lenders party thereto, and the other persons from time to time party thereto, in order to (i) decrease the borrowing base to $700.0 million and decrease the total commitments to $700.0 million and (ii) remove the $50.0 million cap on the amount of unrestricted cash that may be deducted in the calculation of consolidated total debt (used to calculate the Consolidated Total Debt to EBITDAX ratio under the Credit Agreement) if, as of the applicable date of determination, each lender's total exposure is $0.

A copy of the Twelfth Amendment is attached as Exhibit 10.1 to this Current Report on Form 8-K (this "Current Report") and incorporated herein by reference and is hereby filed. The description of the Twelfth Amendment in this Current Report is a summary and is qualified in its entirety by reference to the complete text of such agreement.

---

| | |
|:---|:---|
| **Item 2.03.** | **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**  |

---

The information provided under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit**<br> **No.** | **Description** |
| 10.1 | [Borrowing Base Redetermination Agreement and Twelfth Amendment to Credit Agreement, dated August 4, 2025, by and among Talos Energy Inc., Talos Production Inc., each other Credit Party, JPMorgan Chase Bank, N.A., as Administrative Agent, and each Lender party.](d946004dex101.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | TALOS ENERGY INC. | TALOS ENERGY INC. |
| Date: August 6, 2025 |  |  |
|  | By: | /s/ William S. Moss III |
|  | Name: | William S. Moss III |
|  | Title: | Executive Vice President, General Counsel and Secretary |

---

## Exhibit 10.1

**Exhibit 10.1** 

*Execution Version* 

**BORROWING BASE REDETERMINATION AGREEMENT** 

**AND TWELFTH AMENDMENT TO CREDIT AGREEMENT** 

THIS **BORROWING BASE REDETERMINATION AGREEMENT AND TWELFTH AMENDMENT TO CREDIT AGREEMENT** (this "<u>Amendment</u>"), dated as of August 4, 2025 is among **TALOS ENERGY INC.**, a Delaware corporation ("<u>Holdings</u>"), **TALOS PRODUCTION INC.**, a Delaware corporation (as successor-by-conversion to Talos Production LLC, a Delaware limited liability company) and a direct or indirect Subsidiary of Holdings (the "<u>Borrower</u>"), each other Credit Party, **JPMORGAN CHASE BANK, N.A.**, as the Administrative Agent (the "<u>Administrative Agent</u>"), and each Lender party hereto.

**WITNESSETH:** 

WHEREAS, reference is made to that certain Credit Agreement, dated as of May 10, 2018, among Holdings, the Borrower, the Administrative Agent, the Issuing Banks, the Lenders party thereto, and the other Persons from time to time party thereto (as amended, supplemented, waived or otherwise modified from time to time prior to the date hereof, the "<u>Existing Credit Agreement</u>"; and the Existing Credit Agreement, as amended hereby upon the occurrence (but only if it shall occur) of the Amendment Effective Date, the "<u>Credit Agreement</u>"); and

WHEREAS, the Borrower has provided the necessary reserve report information (the "<u>Spring 2025 Redetermination Reserve Report</u>") for the Administrative Agent and the Lenders to complete the spring 2025 Scheduled Redetermination of the Borrowing Base and, after reviewing such reserve information, the Administrative Agent and the requisite Lenders have recommended decreasing the Borrowing Base from $925,000,000 to $700,000,000; and

WHEREAS, pursuant to Section 4.3(c) of the Existing Credit Agreement, in connection with the reduction in the Borrowing Base pursuant to this Amendment to an amount that is less than the Total Commitment, contemporaneously with such reduction in the Borrowing Base, the Total Commitment shall be automatically and permanently reduced, without premium or penalty, from $925,000,000 to $700,000,000 (subject to any increase of the Total Commitment in accordance with Section 2.16 of the Credit Agreement); and

WHEREAS, each of Holdings and the Borrower desires to amend the Existing Credit Agreement on the terms and subject to the conditions set forth herein; and

WHEREAS, Section 13.1 of the Existing Credit Agreement provides that Holdings, the Borrower, the Issuing Banks and the Lenders may amend the Existing Credit Agreement and the other Credit Documents in accordance with the provisions thereof;

NOW, THEREFORE, in consideration of the foregoing premises and the mutual agreements set forth herein, the parties hereto agree as follows:

**SECTION 1.** <u>Definitions</u>. Unless otherwise defined in this Amendment, each capitalized term used in this Amendment has the meaning assigned to such term in the Existing Credit Agreement.

------

**SECTION 2.** <u>Borrowing Base Redetermination; Total Commitment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On the Amendment Effective Date, the Borrower and the Lenders party hereto agree that the Borrowing Base shall be, and hereby is, decreased from $925,000,000 to $700,000,000, until such time as the Borrowing Base is redetermined or otherwise adjusted pursuant to the terms of the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Amendment Effective Date, in accordance with Section 4.3(c) of the Credit Agreement, the Total Commitment shall be automatically and permanently reduced (subject to any increases of the Total Commitment in accordance with Section 2.16 of the Credit Agreement) ratably among the Lenders in accordance with each Lender's Commitment Percentage, such that the Total Commitment shall equal $700,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Both the Borrower, on the one hand, and the Administrative Agent and the Lenders, on the other hand, agree that the redetermination of the Borrowing Base pursuant to <u>Section</u> <u>2(a)</u> hereof shall constitute the Scheduled Redetermination of the Borrowing Base for the spring of 2025 and shall not constitute an Interim Redetermination of the Borrowing Base pursuant to Section 2.14(b) of the Credit Agreement.

**SECTION 3.** <u>Amendments to Existing Credit Agreement.</u> On the Amendment Effective Date, the Existing Credit Agreement shall be, and is hereby, amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The definition of "Consolidated Total Debt" in Section 1.1 is hereby amended and restated, in its entirety, to provide as follows:

"<u>Consolidated Total Debt</u>" shall mean, as of any date of determination, (a) the sum of (without duplication) all Indebtedness (other than letters of credit or bank guarantees, to the extent undrawn) consisting of Capital Lease Obligations, Indebtedness for borrowed money, Disqualified Stock and any earn-outs (if such earn-outs constitute liabilities on the balance sheet of such Person in accordance with GAAP) of the Borrower and the Restricted Subsidiaries on such date determined on a consolidated basis in accordance with GAAP minus (b) the aggregate amount of Unrestricted Cash subject to a Control Agreement on such date; *provided*, *however*, that, if any Lender's Total Exposure on such date of determination (excluding any Total Exposure resulting solely from <u>clause (b)</u> of the definition of "Letter of Credit Exposure") exceeds $0, the amount that may be deducted pursuant to <u>clause (b)</u> hereof shall not exceed $50,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 9.1(g) is hereby amended and restated, in its entirety, to read in full as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Certificate of Authorized Officer – Hedge Transactions</u>. Concurrently with the delivery of the financial statements provided for in <u>Section</u> <u>9.1(a)</u> and <u>Section</u> <u>9.1(b)</u>, a certificate of an Authorized Officer of the Borrower, setting forth as of the date of such certificate a true and complete list of all material commodity Hedge Transactions of the Borrower and each Credit Party, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the net mark-to-market value thereof (as of such date and for which a mark-to- market value is reasonably available), any new credit support agreements relating thereto not listed on <u>Schedule 8.20</u> or on any previously delivered certificate delivered pursuant to this <u>clause</u> <u>(g)</u>, any margin required or supplied under any credit support document and the counterparty to each such agreement.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 9.19 is hereby amended and restated, in its entirety, to read in full as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.19 <u>Minimum Hedge Covenant</u>. Within ten (10) Business Days (or such later date as may be agreed to by the Administrative Agent in writing in its sole discretion) after the Sixth Amendment Effective Date and on or before the last day of each fiscal quarter thereafter (commencing with the fiscal quarter ending September 30, 2021) (each a "<u>Minimum Hedging Compliance Date</u>"), the Borrower and/or one or more of its Restricted Subsidiaries shall have entered into (and shall thereafter maintain) one or more Hedge Transactions that are direct swaps (including "collars" and any "three ways" to which EnVen or any of its Subsidiaries was a party as of November 7, 2022, but for the avoidance of doubt, not including any other "three ways") with approved counterparties for the purpose of mitigating commodity price risk with respect to not less than the Minimum Quarterly Hedged Volume during each of the immediately following six (6) fiscal quarters; <u>provided</u> that, for purposes of this <u>Section</u> <u>9.19</u>, any such Hedge Transactions entered into following a Minimum Hedging Compliance Date but on or before the delivery of the first certificate after such Minimum Hedging Compliance Date pursuant to <u>Section</u> <u>9.1(g)</u> shall be deemed to have been entered into on such Minimum Hedging Compliance Date. The Hedge Transactions entered into pursuant to this <u>Section</u> <u>9.19</u> shall be subject to <u>Section</u> <u>10.10</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Section 10.10(d) is hereby amended by deleting "(and, for purposes of the Hedge Transactions entered into pursuant to <u>Section</u> <u>9.19</u>, the "most recent Reserve Report" shall refer to the Castex Acquisition Reserve Report)".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Schedule 1.1(a) of the Existing Credit Agreement is hereby amended and restated, in its entirety, by Schedule 1.1(a) attached hereto as <u>Annex I</u>.

**SECTION 4.** <u>Representations and Warranties, Etc</u>. To induce the Administrative Agent, the Lenders and Issuing Banks to enter into this Amendment, the Borrower and Holdings represent and warrant to the Administrative Agent, the Issuing Banks and the Lenders that on and as of the Amendment Effective Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each representation and warranty made by any Credit Party contained in the Existing Credit Agreement or in the other Credit Documents is true and correct in all material respects (except for representations and warranties that are qualified by a materiality qualifier, which shall be true and correct in all respects) with the same effect as though such representations and warranties had been made on and as of the Amendment Effective Date, except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (except for representations and warranties that are qualified by a materiality qualifier, which shall be true and correct in all respects) as of such earlier date;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each Credit Party executing this Amendment has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of this Amendment and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Existing Credit Agreement and each other Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors' rights generally and general principles of equity (whether considered in a proceeding in equity or law); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no Default, Event of Default or Borrowing Base Deficiency exists under the Existing Credit Agreement or any of the other Credit Documents.

**SECTION 5.** <u>Ratification; Reaffirmation of Security Documents</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of Holdings, the Borrower and each other Credit Party hereby ratifies and confirms, on and as of the Amendment Effective Date, (i) the covenants and agreements contained in each Credit Document to which it is a party, including, in each case, as such covenants and agreements may be modified by this Amendment and the transactions contemplated thereby and (ii) all of the Obligations under the Existing Credit Agreement and the other Credit Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of Holdings, the Borrower and each other Credit Party (i) reaffirms the terms of and its obligations (and the security interests granted by it) under each Security Document, and agrees that each such Security Document will continue in full force and effect to secure the Obligations as the same may be amended, supplemented, or otherwise modified from time to time and (ii) acknowledges, represents, warrants and agrees that the Liens and security interests granted by it pursuant to the Security Documents are valid and subsisting and create a security interest to secure the Obligations.

**SECTION 6.** <u>Effectiveness</u>. This Amendment shall become effective (the "<u>Amendment Effective Date</u>") upon receipt by the Administrative Agent of executed counterparts of this Amendment from Holdings, the Borrower, each other Credit Party, the Administrative Agent, and the Lenders constituting at least the Required Lenders.

**SECTION 7.** <u>Counterparts</u>. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts (including by facsimile or other electronic transmission, i.e. a "pdf" or a "tif"), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Amendment signed by all the parties shall be lodged with the Borrower and the Administrative Agent.

------

**SECTION 8.** <u>Severability</u>. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

**SECTION 9.** <u>Integration</u>. This Amendment and the other Credit Documents represent the agreement of the Borrower, the Guarantors, the Collateral Agent, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Borrower, the Guarantors, the Collateral Agent, the Administrative Agent or any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents.

**SECTION 10.** <u>GOVERNING LAW</u>. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

**SECTION 11.** <u>Successors and Assigns</u>. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted under the Existing Credit Agreement and the Credit Agreement, as applicable (including any Affiliate of each Issuing Bank that issues any Letter of Credit).

**SECTION 12.** <u>Miscellaneous.</u> (a) On and after the Amendment Effective Date, each reference in each Credit Document to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended, waived or otherwise modified by this Amendment and (b) this Amendment is a Credit Document executed pursuant to the Existing Credit Agreement and the Credit Agreement, as applicable, and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with the terms and provisions of the Existing Credit Agreement and the Credit Agreement, as applicable.

*(Remainder of Page Left Intentionally Blank)* 

------

IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the Amendment Effective Date.

---

| | |
|:---|:---|
| TALOS ENERGY INC., | TALOS ENERGY INC., |
| as Holdings | as Holdings |
| By: | /s/ Gregory Babcock |
| Name: | Gregory Babcock |
| Title: | Vice President & Chief Accounting Officer |
| TALOS PRODUCTION INC., | TALOS PRODUCTION INC., |
| as the Borrower | as the Borrower |
| By: | /s/ Gregory Babcock |
| Name: | Gregory Babcock |
| Title: | Vice President & Chief Accounting Officer |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| TALOS ERT LLC, | TALOS ERT LLC, |
| TALOS ENERGY PHOENIX LLC, | TALOS ENERGY PHOENIX LLC, |
| TALOS ENERGY OFFSHORE LLC, | TALOS ENERGY OFFSHORE LLC, |
| TALOS GULF COAST LLC, | TALOS GULF COAST LLC, |
| TALOS GULF COAST OFFSHORE LLC, | TALOS GULF COAST OFFSHORE LLC, |
| TALOS GULF COAST ONSHORE LLC, | TALOS GULF COAST ONSHORE LLC, |
| ANRP (TALOS DC), LLC, | ANRP (TALOS DC), LLC, |
| CKB PETROLEUM, LLC, | CKB PETROLEUM, LLC, |
| TALOS PETROLEUM LLC, | TALOS PETROLEUM LLC, |
| STONE ENERGY HOLDING, L.L.C., | STONE ENERGY HOLDING, L.L.C., |
| TALOS RESOURCES LLC, | TALOS RESOURCES LLC, |
| TALOS ENERGY HOLDINGS LLC, | TALOS ENERGY HOLDINGS LLC, |
| TALOS ENERGY LLC, | TALOS ENERGY LLC, |
| TALOS ENERGY OPERATING COMPANY LLC, | TALOS ENERGY OPERATING COMPANY LLC, |
| TALOS PRODUCTION FINANCE INC., | TALOS PRODUCTION FINANCE INC., |
| TALOS ENERGY INTERNATIONAL LLC and | TALOS ENERGY INTERNATIONAL LLC and |
| TALOS OIL AND GAS LLC, | TALOS OIL AND GAS LLC, |
| TALOS EXPLORATION LLC, | TALOS EXPLORATION LLC, |
| TALOS THIRD COAST LLC, | TALOS THIRD COAST LLC, |
| TALOS ENERGY VENTURES GOM LLC, | TALOS ENERGY VENTURES GOM LLC, |
| TALOS ENERGY CORPORATION SUB LLC, | TALOS ENERGY CORPORATION SUB LLC, |
| TALOS ENERGY VENTURES HOLDING, LLC, | TALOS ENERGY VENTURES HOLDING, LLC, |
| TALOS FINANCE CORPORATION, | TALOS FINANCE CORPORATION, |
| TALOS ENERGY VENTURES, LLC | TALOS ENERGY VENTURES, LLC |
| as Credit Parties | as Credit Parties |
| By: | /s/ Gregory Babcock |
| Name: | Gregory Babcock |
| Title: | Vice President & Chief Accounting Officer |
| Talos International Holdings SCS, a limited partnership (*société en commandite simple*), having its registered office address at 6, rue Eugène Ruppert, L-2453 Luxembourg and registered with the RCS Luxembourg under number B 240.942 acting by its general partner, ANRP (Talos DC), LLC, itself represented by: | Talos International Holdings SCS, a limited partnership (*société en commandite simple*), having its registered office address at 6, rue Eugène Ruppert, L-2453 Luxembourg and registered with the RCS Luxembourg under number B 240.942 acting by its general partner, ANRP (Talos DC), LLC, itself represented by: |
| By: | /s/ Gregory Babcock |
| Name: | Gregory Babcock |
| Title: | Vice President & Chief Accounting Officer |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| JPMORGAN CHASE BANK, N.A., | JPMORGAN CHASE BANK, N.A., |
| as Administrative Agent and as a Lender | as Administrative Agent and as a Lender |
| By: | /s/ Cameron Strock |
| Name: | Cameron Strock |
| Title: | Authorized Officer |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| Capital One, National Association, | Capital One, National Association, |
| as a Lender | as a Lender |
| By: | /s/ Jason Groll |
| Name: | Jason Groll |
| Title: | Director |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| DNB CAPITAL LLC, | DNB CAPITAL LLC, |
| as a Lender | as a Lender |
| By: | /s/ Alexsander Lende |
| Name: | Alexsander Lende |
| Title: | First Vice President |
| By: | /s/ Dinesh Dutt |
| Name: | Dinesh Dutt |
| Title: | First Vice President |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| KeyBank National Association, | KeyBank National Association, |
| as a Lender | as a Lender |
| By: | /s/ David Bornstein |
| Name: | David Bornstein |
| Title: | Senior Vice President |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| BARCLAYS BANK PLC, | BARCLAYS BANK PLC, |
| as a Lender | as a Lender |
| By: | /s/ Sydney G. Dennis |
| Name: | Sydney G. Dennis |
| Title: | Director |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| CITIBANK, N.A., | CITIBANK, N.A., |
| as a Lender | as a Lender |
| By: | /s/ Todd Mogil |
| Name: | Todd Mogil |
| Title: | Vice President |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| MIZUHO BANK, LTD., | MIZUHO BANK, LTD., |
| as a Lender | as a Lender |
| By: | /s/ Edward Sacks |
| Name: | Edward Sacks |
| Title: | Managing Director |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| REGIONS BANK, | REGIONS BANK, |
| as a Lender | as a Lender |
| By: | /s/ Katie Hammons |
| Name: | Katie Hammons |
| Title: | Director |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| GOLDMAN SACHS BANK USA, | GOLDMAN SACHS BANK USA, |
| as a Lender | as a Lender |
| By: | /s/ Priyankush Goswami |
| Name: | Priyankush Goswami |
| Title: | Authorized Signatory |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| Morgan Stanley Senior Funding, Inc., | Morgan Stanley Senior Funding, Inc., |
| as a Lender | as a Lender |
| By: | /s/ Karina Rodriguez |
| Name: | Karina Rodriguez |
| Title: | Vice President |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| TEXAS CAPITAL BANK, | TEXAS CAPITAL BANK, |
| as a Lender | as a Lender |
| By: | /s/ Jeremy Burge |
| Name: | Jeremy Burge |
| Title: | Managing Director |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

---

| | |
|:---|:---|
| Mizrahi Tefahot Bank Ltd., | Mizrahi Tefahot Bank Ltd., |
| as a Lender | as a Lender |
| By: | /s/ Amir Morad |
| Name: | Amir Morad |
| Title: | VP, Senior Underwriter and Portfolio Manager |
| By: | /s/ Ryan Park |
| Name: | Ryan Park |
| Title: | SVP |

---

*Signature Page to Twelfth Amendment to Credit Agreement*

------

Schedule 1.1(a)

COMMITMENTS

---

| | | |
|:---|:---|:---|
| **Lender** | **Commitment** | **Commitment<br>Percentage** |
|  JPMorgan Chase Bank, N.A. | $87046632.13 | 12.435233161% |
|  Capital One, National Association | $87046632.13 | 12.435233161% |
|  DNB Capital LLC | $87046632.13 | 12.435233161% |
|  KeyBank National Association | $87046632.13 | 12.435233161% |
|  Barclays Bank PLC | $58031088.08 | 8.290155440% |
|  Citibank, N.A. | $58031088.08 | 8.290155440% |
|  Mizuho Bank, Ltd. | $58031088.08 | 8.290155440% |
|  Regions Bank | $46232642.49 | 6.604663213% |
|  Goldman Sachs Bank USA | $36269430.05 | 5.181347150% |
|  Morgan Stanley Senior Funding, Inc. | $36269430.05 | 5.181347150% |
|  Texas Capital Bank | $29933160.62 | 4.276165803% |
|  Mizrahi Tefahot Bank Ltd. | $29015544.03 | 4.145077719% |
|  **TOTAL** | $**700000000.00** | **100.000000000%** |

---

*Annex I*