Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

THIRD AMENDED AND RESTATED 

CREDIT AGREEMENT 
 dated as
of February 28, 2019 
 among 

MONTAGE RESOURCES CORPORATION 

(f/k/a Eclipse Resources Corporation), 

as Borrower, 
 BANK OF MONTREAL,

 as Administrative Agent, 
 and

 The Lenders Party Hereto 
  

 
 BMO CAPITAL
MARKETS CORP., 
 CAPITAL ONE, NATIONAL ASSOCIATION 

AND 
 KEYBANK NATIONAL
ASSOCIATION, 
 as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  

	DEFINITIONS AND ACCOUNTING MATTERS	  

			
	 Section 1.01
	 	Terms Defined Above	  	 	1	 
	 Section 1.02
	 	Certain Defined Terms	  	 	1	 
	 Section 1.03
	 	Types of Loans and Borrowings	  	 	30	 
	 Section 1.04
	 	Terms Generally; Rules of Construction	  	 	30	 
	 Section 1.05
	 	Accounting Terms and Determinations; GAAP	  	 	30	 
	 Section 1.06
	 	Divisions	  	 	30	 
	
	ARTICLE II	  

	THE CREDITS	  

			
	 Section 2.01
	 	Commitments	  	 	31	 
	 Section 2.02
	 	Loans and Borrowings	  	 	31	 
	 Section 2.03
	 	Requests for Borrowings	  	 	32	 
	 Section 2.04
	 	Interest Elections	  	 	33	 
	 Section 2.05
	 	Funding of Borrowings	  	 	34	 
	 Section 2.06
	 	Termination, Reduction and Optional Increase of Aggregate Maximum Credit Amounts	  	 	35	 
	 Section 2.07
	 	Borrowing Base	  	 	37	 
	 Section 2.08
	 	Letters of Credit	  	 	40	 
	 Section 2.09
	 	Defaulting Lenders	  	 	45	 
	
	ARTICLE III	  

	PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES	  

			
	 Section 3.01
	 	Repayment of Loans	  	 	47	 
	 Section 3.02
	 	Interest	  	 	47	 
	 Section 3.03
	 	Alternate Rate of Interest	  	 	48	 
	 Section 3.04
	 	Prepayments	  	 	49	 
	 Section 3.05
	 	Fees	  	 	51	 
	
	ARTICLE IV	  

	PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS	  

			
	 Section 4.01
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	52	 
	 Section 4.02
	 	Presumption of Payment by the Borrower	  	 	53	 
	 Section 4.03
	 	Disposition of Proceeds	  	 	53	 
	
	ARTICLE V	  

	INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY	  

			
	 Section 5.01
	 	Increased Costs	  	 	54	 
	 Section 5.02
	 	Break Funding Payments	  	 	55	 
	 Section 5.03
	 	Taxes	  	 	55	 
	 Section 5.04
	 	Mitigation Obligations; Replacement of Lenders	  	 	59	 
	 Section 5.05
	 	Illegality	  	 	60	 
	
	ARTICLE VI	  

	CONDITIONS PRECEDENT	  

			
	 Section 6.01
	 	Effective Date	  	 	60	 
	 Section 6.02
	 	Each Credit Event	  	 	62	 

  
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	ARTICLE VII	  

	REPRESENTATIONS AND WARRANTIES	  

			
	 Section 7.01
	 	Organization; Powers	  	 	63	 
	 Section 7.02
	 	Authority; Enforceability	  	 	63	 
	 Section 7.03
	 	Approvals; No Conflicts	  	 	63	 
	 Section 7.04
	 	Financial Condition; No Material Adverse Change	  	 	64	 
	 Section 7.05
	 	Litigation	  	 	65	 
	 Section 7.06
	 	Environmental Matters	  	 	65	 
	 Section 7.07
	 	Compliance with the Laws and Agreements; No Defaults	  	 	66	 
	 Section 7.08
	 	Investment Company Act	  	 	66	 
	 Section 7.09
	 	Taxes	  	 	66	 
	 Section 7.10
	 	ERISA	  	 	66	 
	 Section 7.11
	 	Disclosure; No Material Misstatements	  	 	67	 
	 Section 7.12
	 	Insurance	  	 	67	 
	 Section 7.13
	 	Restriction on Liens	  	 	68	 
	 Section 7.14
	 	Subsidiaries	  	 	68	 
	 Section 7.15
	 	Location of Business and Offices	  	 	68	 
	 Section 7.16
	 	Properties; Titles, Etc	  	 	68	 
	 Section 7.17
	 	Maintenance of Properties	  	 	69	 
	 Section 7.18
	 	Gas Imbalances, Prepayments	  	 	69	 
	 Section 7.19
	 	Marketing of Production	  	 	70	 
	 Section 7.20
	 	Swap Agreements and Eligible Contract Participant	  	 	70	 
	 Section 7.21
	 	Use of Loans and Letters of Credit	  	 	70	 
	 Section 7.22
	 	Solvency	  	 	70	 
	 Section 7.23
	 	Anti-Corruption Laws and Sanctions	  	 	70	 
	
	ARTICLE VIII	  

	AFFIRMATIVE COVENANTS	  

			
	 Section 8.01
	 	Financial Statements; Other Information	  	 	71	 
	 Section 8.02
	 	Notices of Material Events	  	 	74	 
	 Section 8.03
	 	Existence; Conduct of Business	  	 	74	 
	 Section 8.04
	 	Payment of Obligations	  	 	74	 
	 Section 8.05
	 	Performance of Obligations under Loan Documents	  	 	75	 
	 Section 8.06
	 	Operation and Maintenance of Properties	  	 	75	 
	 Section 8.07
	 	Insurance	  	 	75	 
	 Section 8.08
	 	Books and Records; Inspection Rights	  	 	76	 
	 Section 8.09
	 	Compliance with Laws	  	 	76	 
	 Section 8.10
	 	Environmental Matters	  	 	76	 
	 Section 8.11
	 	Further Assurances	  	 	77	 
	 Section 8.12
	 	Reserve Reports	  	 	77	 
	 Section 8.13
	 	Title Information	  	 	79	 
	 Section 8.14
	 	Collateral and Guaranty Agreements	  	 	79	 
	 Section 8.15
	 	ERISA	  	 	81	 
	 Section 8.16
	 	Unrestricted Subsidiaries	  	 	81	 
	 Section 8.17
	 	Post-Closing Obligations	  	 	81	 

  
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	ARTICLE IX	  

	NEGATIVE COVENANTS	  

			
	 Section 9.01
	 	Financial Covenants	  	 	82	 
	 Section 9.02
	 	Debt	  	 	82	 
	 Section 9.03
	 	Liens	  	 	83	 
	 Section 9.04
	 	Dividends and Distributions; Redemptions of Permitted Unsecured Debt	  	 	84	 
	 Section 9.05
	 	Investments, Loans and Advances	  	 	84	 
	 Section 9.06
	 	Nature of Business; No International Operations	  	 	86	 
	 Section 9.07
	 	Limitation on Leases	  	 	86	 
	 Section 9.08
	 	Proceeds of Loans and Letters of Credit	  	 	86	 
	 Section 9.09
	 	ERISA Compliance	  	 	87	 
	 Section 9.10
	 	Sale or Discount of Receivables	  	 	87	 
	 Section 9.11
	 	Mergers, Etc	  	 	87	 
	 Section 9.12
	 	Sale of Properties and Termination of Swap Agreements	  	 	88	 
	 Section 9.13
	 	Environmental Matters	  	 	90	 
	 Section 9.14
	 	Transactions with Affiliates	  	 	90	 
	 Section 9.15
	 	Subsidiaries	  	 	90	 
	 Section 9.16
	 	Negative Pledge Agreements; Dividend Restrictions	  	 	90	 
	 Section 9.17
	 	Gas Imbalances, Take-or-Pay or Other Prepayments	  	 	91	 
	 Section 9.18
	 	Swap Agreements	  	 	91	 
	 Section 9.19
	 	Marketing Activities	  	 	93	 
	 Section 9.20
	 	Designation and Conversion of Restricted and Unrestricted Subsidiaries	  	 	93	 
	 Section 9.21
	 	Permitted Unsecured Debt Documents	  	 	94	 
	
	ARTICLE X	  

	EVENTS OF DEFAULT; REMEDIES	  

			
	 Section 10.01
	 	Events of Default	  	 	94	 
	 Section 10.02
	 	Remedies	  	 	96	 
	
	ARTICLE XI	  

	THE ADMINISTRATIVE AGENT	  

			
	 Section 11.01
	 	Appointment; Powers	  	 	97	 
	 Section 11.02
	 	Duties and Obligations of Administrative Agent	  	 	98	 
	 Section 11.03
	 	Action by Administrative Agent	  	 	98	 
	 Section 11.04
	 	Reliance by Administrative Agent	  	 	99	 
	 Section 11.05
	 	Subagents	  	 	99	 
	 Section 11.06
	 	Resignation of Administrative Agent	  	 	99	 
	 Section 11.07
	 	Administrative Agent as Lender	  	 	100	 
	 Section 11.08
	 	No Reliance	  	 	100	 
	 Section 11.09
	 	Administrative Agent May File Proofs of Claim	  	 	100	 
	 Section 11.10
	 	Authority of Administrative Agent to Release Collateral and Liens	  	 	101	 
	 Section 11.11
	 	Agents	  	 	101	 
	
	ARTICLE XII	  

	MISCELLANEOUS	  

			
	 Section 12.01
	 	Notices	  	 	101	 
	 Section 12.02
	 	Waivers; Amendments	  	 	102	 
	 Section 12.03
	 	Expenses, Indemnity; Damage Waiver	  	 	103	 
	 Section 12.04
	 	Successors and Assigns	  	 	106	 
	 Section 12.05
	 	Survival; Revival; Reinstatement	  	 	109	 
	 Section 12.06
	 	Counterparts; Integration; Effectiveness	  	 	109	 
	 Section 12.07
	 	Severability	  	 	110	 
	 Section 12.08
	 	Right of Setoff	  	 	110	 
	 Section 12.09
	 	GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS	  	 	110	 

  
 iii 

							
	 Section 12.10
	 	Headings	  	 	111	 
	 Section 12.11
	 	Confidentiality	  	 	111	 
	 Section 12.12
	 	Interest Rate Limitation	  	 	112	 
	 Section 12.13
	 	EXCULPATION PROVISIONS	  	 	113	 
	 Section 12.14
	 	Collateral Matters; Swap Agreements	  	 	114	 
	 Section 12.15
	 	No Third Party Beneficiaries	  	 	114	 
	 Section 12.16
	 	USA Patriot Act Notice	  	 	114	 
	 Section 12.17
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	115	 
	
	Annexes, Exhibits and Schedules	  

			
	 Annex I
	 	List of Maximum Credit Amounts	  			
			
	 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
	 	Security Instruments	  			
	 Exhibit F
	 	Form of Third Amended and Restated Guarantee and Collateral Agreement	  			
	 Exhibit G
	 	Form of Assignment and Assumption	  			
	 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)	  			
	 Exhibit I
	 	Form of Maximum Credit Amount Increase Certificate	  			
	 Exhibit J
	 	Form of Additional Lender Certificate	  			
			
	 Schedule 1.01
	 	Existing Letters of Credit	  			
	 Schedule 7.05
	 	Litigation	  			
	 Schedule 7.06
	 	Environmental Matters	  			
	 Schedule 7.14
	 	Subsidiaries	  			
	 Schedule 7.18
	 	Gas Imbalances	  			
	 Schedule 7.19
	 	Marketing Contracts	  			
	 Schedule 7.20
	 	Swap Agreements	  			
	 Schedule 9.02
	 	Existing Debt	  			
	 Schedule 9.03
	 	Existing Liens	  			
	 Schedule 9.05
	 	Investments	  			
	 Schedule 9.14
	 	Affiliate Transactions	  			
	 Schedule 9.18
	 	Approved Counterparties and Swap Agreements	  			

  
 iv 

 THIS THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of February 28, 2019,
is among: MONTAGE RESOURCES CORPORATION (f/k/a Eclipse Resources Corporation), a Delaware corporation (the “Borrower”), each of the Persons from time to time a lender party hereto and BANK OF MONTREAL (in its individual capacity,
“BMO”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

R E C I T A L S 

A. Reference is made to that certain Second Amended and Restated Credit Agreement dated as of June 11, 2015 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”), among the Borrower, the lenders party thereto (the “Existing Lenders”) and BMO,
as administrative agent for the Existing Lenders. 
 B. The Borrower desires to amend and restate the Existing Credit Agreement, and the
parties hereto have agreed to amend and restate the Existing Credit Agreement as provided in this Agreement, which Agreement shall become effective upon the satisfaction of the conditions precedent set forth in Section 6.01
hereof. 
 C. In consideration of the mutual covenants and agreements herein contained and of the loans, extensions of credit and
commitments hereinafter referred to, the parties hereto agree that on the Effective Date (as defined below), the Existing Credit Agreement shall be amended and restated in its entirety as follows: 

ARTICLE I 
 DEFINITIONS
AND ACCOUNTING MATTERS 
 Section 1.01 Terms Defined Above. As used in this Agreement, each term defined above has the
meaning indicated above. 
 Section 1.02 Certain Defined Terms. As used in this Agreement, the following terms have the meanings
specified below: 
 “2015 Indenture” means that certain Indenture, dated as of July 6, 2015, among the Borrower, the
guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee. 
 “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. 

“Additional Lender” has the meaning assigned to such term in Section 2.06(c)(i). 

“Additional Lender Certificate” has the meaning assigned to such term in Section 2.06(c)(ii)(E).

 “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 the LIBO Rate for such Interest Period multiplied by the Statutory Reserve Rate. 

“Administrative Agent” has the meaning assigned to such term in the introductory paragraph hereof. 

 “Administrative Questionnaire” means an Administrative Questionnaire in a
form supplied by the 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. With respect to the Borrower, Affiliates shall include, but shall not be limited to, the Permitted
Investors, but shall exclude any operating portfolio company of any Permitted Investor. 
 “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 Section 10.02(a). 

“Agreement” means this Third Amended and Restated Credit Agreement, as the same may be amended, restated, amended and
restated, supplemented, or otherwise modified from time to time. 
 “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 (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.0%, provided that for the purpose of this definition, the Adjusted
LIBO Rate for any day shall be based on the LIBO Rate (rounded upwards, if necessary, to the next 1/100 of 1%) at approximately 11:00 a.m., London time, on such day (or the immediately preceding Business Day 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. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 3.03,
then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate as so determined would be less than zero,
such rate shall be deemed zero for purposes of this Agreement. 
 “Anti-Corruption Laws” means all laws, rules, and
regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Margin” means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment
Fee Rate, as the case may be, the rate per annum set forth in the Borrowing Base Utilization Grid below based upon the Borrowing Base Utilization Percentage then in effect: 

 

																					
	 Borrowing Base Utilization
Grid
	 
	 Borrowing Base Utilization Percentage
	  	 	< 25%	 	  	3	 25% < 50%	 	  	3	 50% < 75%	 	  	3	 75% < 90%	 	  	 	3 90%	 
	 Eurodollar Loans
	  	 	1.750%	 	  	 	2.000%	 	  	 	2.250%	 	  	 	2.500%	 	  	 	2.750%	 
	 ABR Loans
	  	 	0.750%	 	  	 	1.000%	 	  	 	1.250%	 	  	 	1.500%	 	  	 	1.750%	 
	 Commitment Fee Rate
	  	 	0.375%	 	  	 	0.375%	 	  	 	0.500%	 	  	 	0.500%	 	  	 	0.500%	 

 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; provided that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then the
“Applicable Margin” means the rate per annum set forth on the grid when the Borrowing Base Utilization Percentage is at its highest level until such Reserve Report is delivered. 

  
 2 

 “Applicable Percentage” means, with respect to any Lender, the percentage
of the Aggregate Maximum Credit Amounts represented by such Lender’s Maximum Credit Amount. Each Lender’s Applicable Percentage as of the date of this Agreement is set forth on Annex I. 

“Approved Counterparty” means (a) any Lender or any Affiliate of a Lender, (b) any other Person whose long term
senior unsecured debt rating is A-/A3 by S&P or Moody’s (or their equivalent) or higher at the time of entry into the applicable Swap Agreement (or whose obligations are guaranteed by another Person
who satisfies the foregoing thresholds), (c) any Person listed on Schedule 9.18 and (d) any other Person approved by the Majority Lenders in their sole discretion. 

“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) Netherland, Sewell & Associates, Inc., (b)
Ryder Scott Company Petroleum Consultants, L.P., (c) Software Integrated Solutions Division of Schlumberger Technology Corporation and (d) any other independent petroleum engineers selected by the Borrower and reasonably acceptable to the
Administrative Agent. 
 “Arrangers” means BMO Capital Markets Corp., Capital One, National Association and KeyBank
National Association, in their respective capacities as the joint lead arrangers and joint bookrunners hereunder. 
 “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 Administrative Agent, in
the form of Exhibit G or any other form approved by the Administrative Agent. 
 “Availability Period” means the
period from and including the Effective Date to but excluding the Termination Date. 

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

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bank Products” means any of the following bank services: (a) commercial credit cards,
(b) stored value cards, and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services). 

“Bank Products Provider” means any Lender or Affiliate of a Lender that is then providing or, pursuant to an agreement then
in effect, is obligated to provide, Bank Products to the Borrower, any Guarantor or any other Restricted Subsidiary. 

  
 3 

 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Securities Exchange Act of 1934, as amended, except that in calculating the beneficial ownership of any particular “person” (as that
term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or
exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial
Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Blue Ridge” means Blue Ridge Mountain Resources, Inc., a Delaware corporation. 

“BMO” has the meaning assigned to such term in the introductory paragraph hereof. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America or any successor
Governmental Authority. 
 “Borrower” has the meaning assigned to such term in the introductory paragraph hereof. 

“Borrowing” means 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. 
 “Borrowing Base” means at any time an amount equal to the amount
determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 8.13(c). 

“Borrowing Base Deficiency” occurs if at any time the total Revolving Credit Exposures exceeds the Borrowing Base then in
effect. 
 “Borrowing Base Increase Requisite Lenders” means, (a) if there are less than three Lenders at such time,
all Lenders, and (b) if there are three or more Lenders at such time, (i) at any time while no Loans or LC Exposure is outstanding, Lenders having more than ninety-five percent (95%) of the Aggregate Maximum Credit Amounts; and
(ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding more than ninety-five percent (95%) of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit (without regard to
any sale by a Lender of a participation in any Loan under Section 12.04(c)). 
 “Borrowing Base
Utilization Percentage” means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the total Borrowing Base
in effect on such day. 
 “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 other day on
which commercial banks in New York City or Houston, Texas are authorized or required by law to remain closed; and 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. 

  
 4 

 “Capital Leases” means, in respect of any Person, all leases which shall
have been, or should have been, 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 other than any Operating Lease. 

“Capital Stock” means (a) in the case of a corporation, corporate stock, (b) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (c) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests, and (d) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the
foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 

“Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more
of the Issuing Banks or the Lenders, as collateral for the LC Exposure or obligations of the Lenders to fund participations in respect of Letters of Credit, as applicable, cash or deposit account balances or, if the Administrative Agent and each
applicable Issuing Bank shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and each applicable Issuing Bank. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds and other credit support of such cash collateral. 

“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 Property of the Borrower or any of its Restricted Subsidiaries having a fair market value in excess of the Threshold Amount. 

“Change in Control” means (a) the consummation of any transaction (including, without limitation, any merger or
consolidation), the result of which is that any Person (including any “person” (as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended)) other than one or more Permitted Investors, becomes the
Beneficial Owner, directly or indirectly, of more than 35% of the Voting Stock of the Borrower, measured by voting power rather than number of shares, (b) without duplication, a “change in control” or “change of control” (or
similar event) as defined in the 2015 Indenture, but only to the extent the occurrence of any such event gives rise to an obligation of the Borrower or any other Credit Party to redeem, repay, or repurchase, or otherwise offer to redeem, repay or
repurchase, all or any portion of the Permitted 2015 Bond Debt or (c) without duplication, a “change in control” or “change of control” (or similar event) as defined in any Permitted Unsecured Debt Document, but only to the
extent the occurrence of any such event gives rise to an obligation of the Borrower or any other Credit Party to redeem, repay, or repurchase, or otherwise offer to redeem, repay or repurchase, all or any portion of such Permitted Unsecured Debt.

 Notwithstanding the preceding, but subject to the terms and provisions of this Agreement including, without limitation,
Section 8.01(j) and Section 9.11, (a) any merger or consolidation of the Borrower with or into an Affiliate, where the Borrower is the surviving entity following such merger or consolidation,
solely for the purpose of reorganizing the Borrower in another jurisdiction or (b) a conversion of the Borrower or any Restricted Subsidiary from a limited partnership, corporation, limited liability company or other form of entity to a limited
liability company, corporation, limited partnership or other form of entity or an exchange of all of the outstanding Equity Interests in one form of entity for 

  
 5 

 
Equity Interests in another form of entity shall, in each case, not constitute a Change in Control, so long as following such merger, consolidation, conversion or exchange the “persons”
(as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) who Beneficially Owned the Equity Interests of the Borrower immediately prior to such transactions continue to Beneficially Own in the aggregate more
than 35% of the Voting Stock of such entity, or continue to Beneficially Own sufficient Equity Interests in such entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity or its
general partner, as applicable, and, in either case no other “person” Beneficially Owns more than 35% of the Voting Stock of such entity or its general partner, as applicable. 

“Change in Law” means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any
change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or the Issuing Bank (or, for purposes of
Section 5.01(b), by any lending office of such Lender or by such Lender’s or the 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 date of this Agreement; provided, however, for the purposes of this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, guidelines or directives in
connection therewith or promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision or the United States or foreign regulatory authorities, in each case, pursuant to Basel III, are deemed to have gone into
effect and to have been adopted after the date of this Agreement. 
 “Code” means the Internal Revenue Code of 1986, as
amended from time to time, and any successor statute. 
 “Commitment” means, with respect to each Lender, the commitment of
such Lender to make Loans and to acquire participations in Letters of Credit hereunder, 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 10.02(a) and (b) modified from time to time pursuant to assignments by or to such Lender pursuant to
Section 12.04(a). The amount representing each Lender’s Commitment shall at any time be the lesser of (i) such Lender’s Maximum Credit Amount and (ii) such Lender’s Applicable Percentage of the then
effective Borrowing Base. 
 “Commitment Fee Rate” means the rate per annum set forth in the first column and last row of
the Borrowing Base Utilization Grid in the definition of “Applicable Margin”. 
 “Commodity Exchange Act” means
the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute, and any regulations promulgated thereunder. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income or profits (however
denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Cash Balance” means, at any time, the
aggregate amount of (a) cash and (b) Investments described in Section 9.05(c), (d), (e), (f), (g), and (h), in each case held by the Borrower and its Restricted Subsidiaries and
excluding (i) Cash Collateral that is Cash Collateralizing obligations under Section 2.08 or Section 2.09 and (ii) any outstanding checks and electronic funds transfers. 

  
 6 

 “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 the 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: (a) the net income (or loss) of any Person in which the Borrower or any Consolidated Restricted
Subsidiary has an interest (which interest does not cause the net income of such other Person to be consolidated with the net income of the Borrower and the Consolidated Restricted Subsidiaries in accordance with GAAP), except to the extent of the
amount of dividends or distributions actually paid in cash during such period by such other Person to the Borrower or to a Consolidated Restricted Subsidiary, 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 operation of the terms of its
charter or any agreement, instrument or Governmental Requirement applicable to such Consolidated Restricted Subsidiary or is otherwise restricted or prohibited, in each case determined in accordance with GAAP; (c) the net income (or loss) of
any Person acquired in a pooling-of-interests transaction for any period prior to the date of such transaction; (d) any extraordinary gains or losses during such
period; (e) any gains or losses attributable to writeups or writedowns of assets; (f) deferred or non-cash taxes; (g) any non-cash gains or losses under
ASC 815; and (h) until the period in which such hedged future activity occurs, the costs or proceeds of purchasing or selling options which are used to hedge future activity. 

“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 shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP. 

“Consolidated Total Funded Debt” means, with respect to the Borrower and the Consolidated Restricted Subsidiaries, the sum of
the following (without duplication): (a) all obligations of such Person for borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other similar instruments; (b) all reimbursement obligations of such Person in
respect of drawn letters of credit, surety or other bonds and similar instruments; (c) all accounts payable of such Person and all accrued expenses, liabilities or other obligations of such Person to pay the deferred purchase price of Property
or services from time to time incurred (other than such accounts payable, expenses, liabilities or other obligations that are incurred in the ordinary course of business and which (i) are not greater than ninety (90) days delinquent or
(ii) are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP); (d) all obligations under Capital Leases; (e) all obligations under Synthetic Leases; (f) all
Consolidated Total Funded Debt (as defined in the other clauses of this definition, and not limited to the Consolidated Total Funded Debt of the Borrower and the Consolidated Restricted Subsidiaries) of others secured by (or for which the holder of
such Consolidated Total Funded Debt has an existing right, contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Consolidated Total Funded Debt is assumed by such Person (but, if such Consolidated
Total Funded Debt has not been assumed by such Person, limited to the lesser of (i) the amount of such Consolidated Total Funded Debt and (ii) the fair market value of the Property of such Person securing such Consolidated Total Funded
Debt); and (g) Disqualified Capital Stock. The Consolidated Total Funded Debt of the Borrower and the Consolidated Restricted Subsidiaries shall include all obligations of such Person of the character described above to the extent such Person
remains legally liable in respect thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. 

“Consolidated Total Funded Net Debt” means, as of any date of determination, the Consolidated Total Funded Debt minus
(a) if there are no Loans outstanding under this Agreement on such date, the Consolidated Cash Balance on such date or (b) if there are Loans outstanding under this Agreement on such date, the lesser of (i) the Consolidated Cash
Balance on such date and (ii) $50,000,000. 

  
 7 

 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Control Agreement” means a deposit account control agreement or similar agreement in form and substance
reasonably satisfactory to the Administrative Agent, executed by the applicable Credit Party, the Administrative Agent and the relevant financial institution party thereto. 

“Credit Parties” means, collectively, the Borrower and each Guarantor, and “Credit Party” means any one of
the foregoing. 
 “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, bankers’ acceptances, debentures, notes or other similar instruments; (b) all reimbursement obligations of such Person in respect of letters of credit, surety or other bonds and similar
instruments; (c) all accounts payable of such Person and all accrued expenses, liabilities or other obligations of such Person to pay the deferred purchase price of Property or services from time to time incurred (other than such accounts
payable, expenses, liabilities or other obligations that are incurred in the ordinary course of business and which (i) are not greater than ninety (90) days delinquent or (ii) are being contested in good faith by appropriate action
and for which adequate reserves have been maintained in accordance with GAAP); (d) all obligations under Capital Leases; (e) all obligations under Synthetic Leases; (f) all Debt (as defined in the other clauses of this definition) of
others secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person (but, if such Debt has not been
assumed by such Person, limited to the lesser of (i) the amount of such Debt and (ii) the fair market value of the Property of such Person securing such Debt); (g) all Debt (as defined in the other clauses of this definition) of others
guaranteed by such Person or in which such Person otherwise assures a creditor against loss of the Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the maximum stated amount of such guarantee
or assurance against loss; (h) all obligations or undertakings of such Person to maintain or cause to be maintained the financial position or covenants of others and, to the extent entered into as a means of providing credit support for the
obligations of others and not primarily to enable such Person to acquire any such Property, all obligations or undertakings of such Person to purchase the Debt or Property of others; (i) 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; (j) obligations to pay for goods or services even if such goods or services
are not actually received or utilized by such Person; (k) 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;
(l) Disqualified Capital Stock; and (m) the undischarged balance of any production payment created by such Person or for the creation of which such Person directly or indirectly received payment. The Debt of any Person shall include all
obligations of such Person of the character described above to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 

  
 8 

 “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. 
 “Defaulting
Lender” means, subject to Section 2.09(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder
unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent,
together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, or any other Lender any other amount required to be paid by it hereunder
(including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Bank in writing that it does not intend to comply with its
funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good
faith determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) has become the subject of a
Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company
thereof by a Governmental Authority, so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on
its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.09(b)) upon delivery
of written notice of such determination to the Borrower, each Issuing Bank, and each Lender (or if an earlier date, as of the date of such determination by the Administrative Agent), delivery of such written notice not to be unreasonably withheld or
delayed by the Administrative Agent. 
 “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 at the option of the holder of such Equity Interest) 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. 
 “Dissenting
Lender” has the meaning assigned to such term in Section 2.07(c)(iv). 
 “dollars” or
“$” refers to lawful money of the United States of America. 

  
 9 

 “Domestic Subsidiary” means any Restricted Subsidiary that is organized
under the laws of the United States of America or any State thereof or the District of Columbia. 
 “EBITDAX” means, for
any period, the sum of (a) Consolidated Net Income for such period plus (b) the following expenses or charges to the extent deducted from Consolidated Net Income in such period: (i) net interest, income, gross receipts or
franchise taxes, depreciation, depletion, amortization, exploration expenses, other noncash losses or charges, non-cash losses from dispositions of assets, extraordinary or
non-recurring expenses, and an amount not to exceed 5% of EBITDAX for such period (calculated prior to giving effect to such addback) for transaction expenses, fees or charges reasonably incurred in connection
with a merger (other than the Merger), acquisitions or dispositions occurring during such period (whether or not such mergers, acquisitions or dispositions are ultimately consummated), (ii) transaction expenses, fees or charges reasonably incurred
in connection with the Merger and (iii) expenses and fees incurred in connection with this Agreement and the other Loan Documents, minus (c) the following income or gains to the extent included in Consolidated Net Income in such
period: all noncash income and gains from dispositions of assets; provided, that, only for purposes of determining compliance with the financial covenants set forth in Section 9.01, if, since the beginning of the
period ending on the date for which EBITDAX is determined, the Borrower or any Consolidated Restricted Subsidiary shall have made any acquisition or disposition, EBITDAX shall be calculated giving pro forma effect thereto as if the
acquisition or disposition had occurred on the first day of such period, and such calculation shall be determined in good faith by a Financial Officer of the Borrower and such calculation shall be reasonably acceptable to the Administrative Agent
(and the Borrower will provide to the Administrative Agent such supporting information as Administrative Agent may reasonably request), without giving effect to any anticipated or proposed change in operations, revenues, expenses or other items or
adjustments included in the computation of EBITDAX. For the purposes of determining EBITDAX for the fiscal quarters of the Borrower ending March 31, 2019, June 30, 2019 and September 30, 2019, EBITDAX shall be deemed to equal
(A) EBITDAX attributable to the Borrower and its Consolidated Restricted Subsidiaries (including Blue Ridge and its subsidiaries) for the one-quarter period ending March 31, 2019, as if the Merger
had been consummated on January 1, 2019, multiplied by 4, (B) EBITDAX attributable to the Borrower and its Consolidated Restricted Subsidiaries (including Blue Ridge and its subsidiaries) for the
two-quarter period ending June 30, 2019, as if the Merger had been consummated on January 1, 2019, multiplied by 2 and (C) EBITDAX attributable to the Borrower and its Consolidated
Restricted Subsidiaries (including Blue Ridge and its subsidiaries) for the three-quarter period ending September 30, 2019, as if the Merger been consummated on January 1, 2019, multiplied by 4/3, respectively. 

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

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

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

“Effective Date” means the date on which the conditions specified in Section 6.01 are satisfied (or
waived in accordance with Section 12.02). 

  
 10 

 “Election Notice” has the meaning assigned to such term in
Section 3.04(c)(ii). 
 “Engineering Reports” has the meaning assigned to such term in
Section 2.07(c)(i). 
 “Environmental Laws” means any and all Governmental Requirements
pertaining in any way to health, safety, the environment, the preservation or reclamation of natural resources, or the management, Release or threatened Release of any Hazardous Materials, in effect in any and all jurisdictions in which the Borrower
or any Subsidiary is conducting, or at any time has conducted, business, or where any Property of the Borrower or any Subsidiary are located, including, the Oil Pollution Act of 1990 (“OPA”), as amended, the Clean Air Act, as
amended, the Comprehensive Environmental, Response, Compensation, and Liability Act of 1980 (“CERCLA”), as amended, 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 (“RCRA”), as amended, 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 other environmental conservation or protection Governmental Requirements. 

“Environmental Permit” means any permit, registration, license, notice, approval, consent, exemption, variance, or other
authorization required under or issued pursuant to applicable Environmental Laws. 
 “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. 
 “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 a 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 with respect to a Plan, other
than a reportable event as to which the provisions of thirty (30) days’ notice to the PBGC is expressly waived under applicable regulations, (b) the failure of the Borrower, a Subsidiary or any ERISA Affiliate to make by its due date
a required installment payment under Section 430(j) of the Code with respect to any Plan or any failure by any Plan to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA)
applicable to such Plan, whether or not waived; (c) a determination that any Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA), (d) a determination
that any Multiemployer Plan is, or is expected to be, insolvent (within the meaning of Section 4245 of ERISA), in reorganization (within the meaning of Section 4241 of ERISA), or in “endangered” or “critical” status
(within the meaning of Section 432 of the Code or Section 305 of ERISA), (e) the failure by the Borrower, a Subsidiary or any ERISA Affiliate to make any required contribution to a Multiemployer Plan pursuant to Sections 431 or 432 of the
Code, (f) the withdrawal or partial withdrawal of the Borrower, a Subsidiary or any ERISA Affiliate from a Plan during a plan year in which it was a “substantial employer” as defined in section 4001(a)(2) of ERISA, (g) the filing
of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under section 4041 of ERISA, (h) the institution of proceedings to terminate a Plan by the PBGC, (i) receipt of a notice of withdrawal
liability pursuant to Section 4202 of ERISA or (j) 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 Plan. 

  
 11 

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

“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 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; (b) Liens in
connection with workers’ compensation, unemployment insurance or other social security, old age pension or public liability obligations 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; (c) landlord’s liens, operators’, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’, suppliers’, workers’,
materialmen’s, construction or other like Liens, in each case, arising in the ordinary course of business or incident to the exploration, development, operation and maintenance of Oil and Gas Properties each of which is in respect of
obligations that are not delinquent by more than 90 days or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (d) contractual Liens which arise in the
ordinary course of business under operating agreements, joint venture agreements, exploration agreements, oil and gas partnership agreements, oil and gas leases, farm-in or
farm-out agreements, division orders, contracts for the sale, transportation, gathering or exchange of oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest
agreements, overriding royalty agreements, carried interests, reversionary interests, 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, consents or agreements, and other agreements which are usual and customary in the oil and gas business and are for claims which are
not delinquent by more than 90 days 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
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 materially impair the value of such Property subject thereto; (e) Liens arising
solely by virtue of any statutory or common law provision or otherwise arising in the ordinary course of business 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, provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of
those set forth by regulations promulgated by the Board and no such deposit account is intended by the Borrower or any of its Restricted Subsidiaries to provide collateral to secure owed Debt to the depository institution; (f) easements,
restrictions, servitudes, permits, surface leases, conditions, covenants, exceptions or reservations in any Property of the Borrower or any Restricted Subsidiary for the purpose of roads, 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, that do not secure any monetary obligations and which
in the aggregate do not materially interfere with the operations or the use of such Property for the purposes of which such Property is held by the Borrower or any Restricted Subsidiary or materially impair the value of such Property subject
thereto; (g) Liens on cash or securities pledged to 

  
 12 

 
secure performance of tenders, surety and appeal 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 the ordinary course of business; (h) judgment and attachment Liens not giving rise to an Event of Default, provided that any appropriate legal proceedings which may have been duly
initiated for the review of such judgment shall not have been finally terminated or the period within which such proceeding may be initiated shall not have expired and no action to enforce such Lien has been commenced; (i) Liens arising from
Uniform Commercial Code financing statement filings made as a precautionary measure regarding operating leases entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business covering the Property under such lease; and
(j) routine preferential rights to purchase and provisions requiring a third party’s consent prior to assignment and similar restraints on alienation, in each case, granted pursuant to an oil and gas operating agreement or lease and
arising in the ordinary course of business or incident to the exploration, development, operation and maintenance of Oil and Gas Properties; provided such right, requirement or restraint does not materially impair the value of such Oil and
Gas Properties; provided, further that (i) Liens described in clauses (a) through (e) shall remain “Excepted Liens” only for so long as no action to enforce such Lien has been commenced and no
intention to subordinate the first priority Lien granted in favor of the Administrative Agent and the Lenders is to be hereby implied or expressed by the permitted existence of such Excepted Liens and (ii) the term “Excepted Liens”
shall not include any Lien securing Debt for borrowed money other than the Secured Obligations. 
 “Excluded Swap
Obligation” means, with respect to any Credit Party individually determined on a Credit Party by Credit Party basis, any Swap Obligation if, and solely to the extent that, all or a portion of the guarantee of such Credit Party of, or the
grant by such Credit Party of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the
application or official interpretation of any thereof) by virtue of (a) such Credit Party’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act or (b) in the case
of any such Secured Obligation in respect of any Swap Agreement subject to a clearing requirement pursuant to Section 2(h) of the Commodity Exchange Act, because such Credit Party is a “financial entity” as defined in
Section 2(h)(7)(C)(1) of the Commodity Exchange Act, in either case at the time such guarantee or grant of a security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement
governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security interest is or becomes illegal. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income or profits (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized
under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes,
(b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which
(i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 5.04(b) or (ii) such Lender changes its lending office, except in each
case to the extent that, pursuant to Section 5.03, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately
before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with, or to deliver any forms or certifications described in, Section 5.03(f), and (d) any U.S. federal
withholding Taxes imposed under FATCA. 

  
 13 

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

“Existing Letter of Credit” means each letter of credit issued (or deemed issued) under the Existing Credit Agreement
identified on Schedule 1.01 hereto that is outstanding on the Effective Date and each renewal of such letter of credit, each of which shall be deemed, on and after the Effective Date, to have been issued hereunder. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (and any amended or successor versions
thereof that are substantially comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, and any agreements entered into pursuant to Section 1471(b)(1) of the Code, and
any intergovernmental agreements entered into in connection with the implementation of such Sections of the Code (together with any laws, legislation, rules or regulations implementing such agreements). 

“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 Administrative Agent from three Federal funds brokers of
recognized standing selected by it. Notwithstanding anything else provided herein or otherwise, if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

“Financial Officer” means, for any Person, the chief financial officer, principal accounting officer, treasurer or controller
of such Person. Unless otherwise specified, all references herein to a Financial Officer means a Financial Officer of the Borrower. 

“Financial Statements” means the financial statement or statements of the Borrower and its Consolidated Subsidiaries referred
to in Section 7.04(a). 
 “Flood Insurance Regulations” 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 1973 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 or recodified from time to time, and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder. 

“Foreign Lender” means any Lender that is not a U.S. Person. 

“Foreign Subsidiary” means any Restricted Subsidiary that is not a Domestic Subsidiary. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such Defaulting
Lender’s Applicable Percentage of the outstanding LC Exposure with respect to Letters of Credit issued by such Issuing Bank other than LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other
Lenders or Cash Collateralized in accordance with the terms hereof. 

  
 14 

 “GAAP” means generally accepted accounting principles in the United States
of America as in effect from time to time subject to the terms and conditions set forth in Section 1.05; provided, however, with respect to the calculation of financial ratios and other financial tests,
“GAAP” means generally accepted accounting principles as in effect on the date of this Agreement, applied in a manner consistent with that used in preparing the Financial Statements. 

“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision
thereof, whether 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 or pertaining
to government. 
 “Governmental Requirement” means any law, statute, code, ordinance, order, determination, rule,
regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority. 

“Guarantee and Collateral Agreement” means an agreement executed and delivered by the Guarantors in substantially the form of
Exhibit F (or supplement thereto, as applicable). 
 “Guarantors” means (a) Eclipse Resources I, LP, a Delaware
limited partnership, (b) Eclipse Resources-Ohio, LLC, a Delaware limited liability company, (c) Buckeye Minerals & Royalties, LLC, a Delaware limited liability company, (d) Eclipse Resources Operating, LLC, a Delaware limited
liability company, (e) Eclipse Resources Midstream, LP, a Delaware limited partnership, (f) Eclipse Resources Marketing, LP, a Delaware limited partnership, (g) Eclipse GP, LLC, a Delaware limited liability company, (h) Eclipse Resources-PA, LP, a Delaware limited partnership, (i) Blue Ridge Mountain Resources, Inc., a Delaware corporation, (j) Bakken Hunter, LLC, a Delaware limited liability company, (k) Triad Hunter, LLC,
a Delaware limited liability company, (l) Hunter Real Estate, LLC, a Delaware limited liability company, (m) Viking International Resources Co., Inc., a Delaware corporation, and (n) each other Subsidiary that guarantees the Secured
Obligations pursuant to Section 8.14(b); provided that any such Person so constituting a Guarantor will cease to constitute a Guarantor if and when it is released from the Guarantee and Collateral Agreement in
accordance with and to the extent permitted under the Loan Documents. 
 “Hazardous Material” means any substance regulated
or as to which liability might arise under any applicable Environmental Law including: (a) any chemical, compound, material, product, byproduct, substance or waste defined as or included in the definition or meaning of “hazardous
substance,” “hazardous material,” “hazardous waste,” “solid waste,” “toxic waste,” “extremely hazardous substance,” “toxic substance,” “contaminant,” “pollutant,”
or words of similar meaning or import found in any applicable Environmental Law; (b) Hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas waste, crude oil, and any components, fractions, or derivatives thereof;
and (c) radioactive materials, explosives, asbestos or asbestos containing materials, polychlorinated biphenyls, radon, infectious or medical wastes. 

“Highest Lawful Rate” means, with respect to each Lender, the maximum nonusurious interest rate or amount of interest, as the
case may be, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the Notes or on other Secured Obligations 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 oil, gas or
mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests, production payment interests and other interests payable out of Hydrocarbon production, including
any reserved or residual interests of whatever nature. 

  
 15 

 “Hydrocarbons” means crude oil, natural gas, casinghead gas, drip gasoline,
natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons (including coalbed methane), natural gas liquids, plant products, sulphur, other gases and all products refined or separated therefrom. 

“Immaterial Subsidiary” means any Restricted Subsidiary that has assets having an aggregate book value, as of the end of the
fiscal year most recently ended (or if such Subsidiary was acquired or created subsequent to the end of such fiscal year, as of the later of such date of acquisition or creation), not exceeding $2,000,000; provided that in no event may an
Immaterial Subsidiary own any Proved Reserves evaluated in the Reserve Report used in the most recent determination of the Borrowing Base. 

“Immaterial Title Deficiencies” means defects or deficiencies in title which do not diminish by more than five percent (5.0%)
the aggregate value of the Proved Reserves of the Borrower and its Restricted Subsidiaries evaluated in the Reserve Report used in the most recent determination of the Borrowing Base. 

“Increase Portion” means, with respect to any Dissenting Lender, when a Proposed Borrowing Base has been approved by the
Borrowing Base Increase Requisite Lenders but not by all of the Lenders, the amount that such Dissenting Lender’s Applicable Percentage (before giving effect to any reallocation described in Section 2.07(c)(iv)) of the
Proposed Borrowing Base exceeds such Dissenting Lender’s Applicable Percentage (before giving effect to any reallocation described in Section 2.07(c)(iv)) of the highest Borrowing Base such Dissenting Lender approved
in accordance with the terms hereof. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or
with respect to any payment made by or on account of any obligation of any Credit Party under any Loan Document and (b) to the extent not described in the preceding clause (a), Other Taxes. 

“Initial Reserve Report” means, collectively, (a) the report prepared internally by the Borrower with respect to certain
Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of June 30, 2018 and (b) the report prepared internally by Blue Ridge with respect to certain Oil & Gas Properties of Blue Ridge and its subsidiaries as of
June 30, 2018. 
 “Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in
accordance with Section 2.04. 
 “Interest Payment Date” means (a) with respect to any ABR
Loan, the last day of each March, June, September and December and (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. 

“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 or six months (or, with the consent of each Lender, twelve months) 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 

  
 16 

 
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: (a) the acquisition (whether for cash, Property, services or securities or
otherwise) of Equity Interests of any other Person or any agreement to make any such acquisition (including, without limitation, any “short sale” or any sale of any securities at a time when such securities are not owned by the Person
entering into such short sale); (b) the making of any deposit with, or advance, loan or capital contribution to, assumption of Debt of, purchase or other acquisition of any other Debt or equity participation or interest in, or other extension of
credit to, any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding (i) any such advance, loan or extension
of credit having a term not exceeding ninety (90) days representing the purchase price of inventory or supplies sold by such Person in the ordinary course of business) and (ii) deposits made to commercial banks or similar Persons, or to
customers, in each case in the ordinary course of business; (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,
or other contingent obligation (including the deposit of any Equity Interests to be sold) with respect to, Debt or other liability of any other Person and (without duplication) any amount committed to be advanced, lent or extended to such Person.

 “Issuing Bank” means (a) BMO, (b) KeyBank, National Association and (c) Capital One, National Association in
their respective capacity as an issuer of Letters of Credit hereunder, and their respective successors in such capacity as provided in Section 2.08(i) and (b) any one or more additional issuing banks designated by the
Borrower pursuant to Section 2.08(i); provided that each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by their respective Affiliates, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate; provided, further, that (i) solely as between the Borrower and the applicable Issuing Bank, the Borrower shall
deal exclusively with the applicable Issuing Bank for all purposes of requests, repayments, payments, extensions, assignments and all other actions and requirements with respect hereto and otherwise with respect to related, requested or required
notices, consents, waivers, amendments and all other actions required or deemed required by such Affiliate, (ii) any such arrangement shall not relieve the applicable Issuing Bank from performing any of its obligations under any Loan Document
on the terms and subject to the conditions provided therein, and (iii) the use of any such Affiliate shall not result in the imposition of any incremental Indemnified Taxes. Use herein of the phrase of “the Issuing Bank” or words of
similar import mean each Issuing Bank, as applicable, if, at the relevant time of reference, there exist more than one Issuing Bank. 

“LC Commitment” at any time means $75,000,000; provided that no Issuing Bank shall be obligated to issue Letters of
Credit in an aggregate face amount in excess of $25,000,000 (or such greater amount as is agreed to in writing by such Issuing Bank) outstanding at any time. 

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

  
 17 

 “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn
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. Subject to
Section 2.09, the LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. 

“Lenders” means the Persons listed on Annex I and any Person that shall have become a lender party hereto pursuant
hereto and to an Assignment and Assumption, and any Person that shall have become a party hereto as an Additional Lender pursuant to Section 2.06(c) other than, in each case, any such Person that ceases to be a party hereto
pursuant to an Assignment and Assumption. 
 “Letter of Credit” means any letter of credit issued pursuant to this
Agreement, which shall include the Existing 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 the Issuing Bank relating to any Letter of Credit. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Reuters Screen
LIBOR01 Page (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by the
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 1/100 of 1%) at which dollar deposits of an amount comparable to such Eurodollar Borrowing and for a maturity comparable to such Interest Period are offered by
the principal London office of the 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. Notwithstanding
anything else provided herein or otherwise, if the LIBO Rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

“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 arising from a mortgage,
encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments payable out of Oil and Gas Properties. The term “Lien” shall include
easements, restrictions, servitudes, permits or reservations. For the purposes of this Agreement, the Borrower and its Restricted Subsidiaries shall be deemed to be the owner of any Property which it has acquired or holds subject to a conditional
sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the Property has been retained by or vested in some other Person in a transaction intended to create a financing. 

“Loan Documents” means this Agreement, the Notes, the 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. 

  
 18 

 “Majority Lenders” means, (i) at any time while no Loans or LC
Exposure is outstanding, Lenders having more than fifty percent (50%) of the Aggregate Maximum Credit Amounts; and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding more than fifty percent (50%) of the outstanding
aggregate principal amount of the Loans and participation interests in Letters of Credit (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 principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Majority Lenders. 

“Material Adverse Effect” means a material adverse change in, or material adverse effect on (a) the businesses,
operations, Property or financial condition of the Borrower and the Restricted Subsidiaries taken as a whole, (b) the ability of the Credit Parties, taken as a whole, to perform their obligations under the Loan Documents, (c) the validity
or enforceability of any Loan Document or (d) the rights and remedies of the Administrative Agent, the Issuing Bank or any Lender under any Loan Document. 

“Material Indebtedness” means Debt (other than the Loans, Letters of Credit and any other Debt arising under, or governed by,
any Loan Document), or payment 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 the Threshold Amount. For purposes of determining
Material Indebtedness, the “principal amount” of the obligations of the Borrower or any Restricted Subsidiary in respect of any Swap Agreement at any time shall be the Swap Termination Value. 

“Maturity Date” means the earlier to occur of (a) February 28, 2024 and (b) in the event that the Permitted
2015 Bond Debt in an aggregate principal amount exceeding $50,000,000 remains outstanding on the date that is 180 days prior to its stated maturity date (the “Permitted Unsecured Debt Springing Maturity Date”), the Permitted
Unsecured Debt Springing 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) or Section 10.02(a), (b) modified from time to time pursuant to Section 2.06(c) or (c) modified from time to time pursuant
to any assignment permitted by Section 12.04(a). 
 “Maximum Credit Amount Increase Certificate”
has the meaning assigned to such term in Section 2.06(c)(ii)(D). 
 “Merger” means the transactions contemplated by,
and consummated in accordance with, the Merger Agreement, pursuant to which Merger Sub will merge with and into Blue Ridge, with Blue Ridge surviving the Merger as a Wholly-Owned Subsidiary of the Borrower. 

“Merger Agreement” means that certain Agreement and Plan of Merger, by and among the Borrower, Merger Sub and Blue Ridge,
dated as of August 25, 2018, as may be amended, restated, supplemented or otherwise modified from time to time in a manner that is not materially adverse to the interests of the Lenders (in their capacities as such) without the Administrative
Agent’s prior written consent (such consent not to be unreasonably withheld, delayed or conditioned). 
 “Merger Sub”
means Everest Merger Sub Inc., a Delaware corporation. 

  
 19 

 “Minimum Collateral Amount” means, at any time, with respect to Cash
Collateral consisting of cash or deposit account balances, an amount equal to 100% of the Fronting Exposure of all Issuing Banks with respect to Letters of Credit issued and outstanding at such time. 

“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 or any Guarantor which is subject to the Liens
existing and to exist under the terms of the Security Instruments. 
 “Multiemployer Plan” means a multiemployer plan as
defined in Section 4001(a)(3) of ERISA to which Borrower or an ERISA Affiliate has, or at any time during the three preceding calendar years had, an obligation to contribute. 

“Net Proceeds” means the aggregate cash proceeds received by a Credit Party in respect of any sale, lease, conveyance,
disposition or other transfer (for purposes of this definition, any such action, a “transfer”) of Property (including any cash subsequently received upon the sale or other disposition or collection of any non-cash consideration received in any sale, but only as and when so received), or Casualty Event, net of (without duplication) (a) the direct costs and expenses relating to such transfer of Property or any
Casualty Event (including legal, accounting, investment banking and brokers’ fees, sales commissions and other reasonable costs and expenses incurred in preparing such Property for transfer paid to unaffiliated third parties or, in compliance
with Section 9.14, paid to any of its Affiliates), (b) taxes paid, accrued or reserved as payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements), (c)
amounts paid (other than the Secured Obligations) which are secured by a Lien upon any of the Properties being transferred and which must be repaid as a result of such sale, (d) any reserve for adjustment in respect of the sales price of such
Property established in accordance with GAAP, (e) distributions and payments required to be made to any minority interest holders in Subsidiaries as a result of such Property transfer, (f) cash payments made to satisfy obligations
resulting from early termination of Swap Agreements in connection, or as a result of, any such transfer, and (g) until released, any portion of the purchase price for the transfer of such Property which is placed in escrow pursuant to the terms
of such transfer and for which no Credit Party has access thereto or control thereof. 
 “New Borrowing Base Notice” has
the meaning assigned to such term in Section 2.07(d). 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Non-Recourse Debt” means any Debt of any Unrestricted
Subsidiary, in each case in respect of which the holder or holders thereof (a) shall have recourse only to, and shall have the right to require the obligations of such Unrestricted Subsidiary to be performed, satisfied, and paid only out of,
the Property of such Unrestricted Subsidiary and/or one or more of its subsidiaries (but only to the extent that such subsidiaries are Unrestricted Subsidiaries), and/or any other Person (other than the Borrower and/or any Restricted Subsidiary),
any/or any other Person limited solely to Equity Interests of such Unrestricted Subsidiary owned by such Person, and (b) shall have no direct or indirect recourse (including by way of guaranty, support or indemnity) to the Borrower or any
Restricted Subsidiary or to any of the Property of the Borrower or any Restricted Subsidiary (other than, in each case, the Equity Interests of such Unrestricted Subsidiary owned by the Borrower or any Restricted Subsidiary), whether for principal,
interest, fees, expenses or otherwise. 

  
 20 

 “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. 

“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, 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 including any and all Wells, structures, 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. Unless
otherwise expressly provided herein, all references in this Agreement to “Oil and Gas Properties” refer to Oil and Gas Properties owned by the Borrower and its Restricted Subsidiaries. 

“Operating Lease” means (a) an operating lease under GAAP and (b) any lease (whether or not in existence on the
Effective Date) that would have been considered an operating lease under the provisions of GAAP as in effect as of December 31, 2017 (and not as a capital lease) regardless of any change in GAAP (whether or not such change in GAAP is
contemplated as of the date hereof) following December 31, 2017 that would otherwise require such lease to be re-characterized (on a prospective or retroactive basis or otherwise) as a capital lease. 

“Optional Scheduled Redetermination Date” means each January 1 and July 1, in each case, that the Borrower
designates as an Optional Scheduled Redetermination Date pursuant to Section 2.07(b). 
 “Other Connection
Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed,
delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in
any Loan or Loan Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible,
recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan
Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 5.04). 

  
 21 

 “Paid In Full In Cash” means (a) the 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 Loans outstanding
under this Agreement, (b) the payment in full in cash or posting of cash collateral in respect of all other obligations or amounts that are outstanding under this Agreement (other than any contingent indemnification or other reimbursement
obligation for which no claim has been made), including the posting of the cash collateral for outstanding Letters of Credit as required by the terms of this Agreement, (c) the expiration or termination of all Commitments, (d) payment in
full in cash of all amounts due and owing (or posting of acceptable collateral in respect of all such obligations) under each Bank Products Agreement giving rise to Secured Obligations, and (e) payment in full in cash of all amounts due and
owing (or posting of acceptable collateral in respect of all such obligations) under, or the novation or termination of, each Swap Agreement giving rise to any Secured Obligations. 

“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)(i). 

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

“Permitted 2015 Bond Debt” means Debt of the Borrower resulting from the issuance by the Borrower of senior unsecured notes
in an aggregate outstanding principal amount not to exceed $550,000,000 governed by the 2015 Indenture. 
 “Permitted 2015 Bond
Documents” means, collectively, the 2015 Indenture, the purchase agreement providing for the issuance of the notes thereunder, the senior unsecured notes issued from time to time thereunder, all guarantees of any such notes, the
registration rights agreements from time to time entered into in connection with such notes, and all other agreements, documents or instruments executed and delivered by the Borrower or any Subsidiary in connection with, or pursuant to, the 2015
Indenture or issuance of the Permitted 2015 Bond Debt. 
 “Permitted Investors” means, collectively, EnCap Energy Capital
Fund VIII, L.P., EnCap Energy Capital Fund VIII Co-Investors, L.P., EnCap Energy Capital Fund IX, L.P., and their controlling owner, EnCap Investments, L.P.. 

“Permitted Refinancing Debt” means, with respect to any Debt (the “Refinanced Debt”), Debt which represents
an extension, refinancing, or renewal of such Refinanced Debt; provided that, (a) the principal amount of such Refinanced Debt is not increased (other than by the costs, fees, and expenses and by accrued and unpaid interest and premium
paid in connection with any such extension, refinancing or renewal), (b) the interest rate, fees, fund discounts and prepayment premiums of such Refinanced Debt are not increased above the prevailing market amount of such rate of interest, fee, fund
discount or prepayment premium at the time of such extension, refinancing or renewal, (c) no Credit Party that is not obligated pursuant to the terms of the Refinanced Debt with respect to repayment of such Refinanced Debt is required to become
obligated with respect thereto pursuant to the terms of such Permitted Refinancing Debt (exclusive of additional terms proposed pursuant to such extension, refinancing or renewal), (d) such extension, refinancing or renewal does not result in a
shortening of the average weighted maturity of the Refinanced Debt and such extension, refinancing or renewal does not result in any principal amount owing in respect of the Permitted Refinancing Debt becoming due earlier than the date that is 365
days following the Maturity Date, and (e) the terms of any such extension, refinancing, or renewal are not otherwise materially less favorable to the obligors thereunder, taken as a whole, than the original terms of such Refinanced Debt. 

  
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 “Permitted Unsecured Debt” means: 

(a) the Permitted 2015 Bond Debt; 

(b) Debt (whether issued under a loan agreement, indenture or other agreement) issued or incurred by the Borrower from time to time (including
guarantees thereof by its Subsidiaries), that complies with all of the following requirements: 
 (i) no scheduled payment of
principal, scheduled mandatory redemption or scheduled sinking fund payment of such Debt is due on or before the date that is 180 days after the Maturity Date in effect on each date on which such Debt is issued or incurred (in this definition
defined as a “Date of Issuance”); 
 (ii) the financial covenants are no more restrictive with respect to
the Credit Parties than the financial covenants under this Agreement and all of the covenants and events of default governing such Debt are not, taken as a whole, materially more restrictive with respect to the Credit Parties than the covenants and
Events of Default under this Agreement; 
 (iii) on each Date of Issuance and immediately after giving effect to the
incurrence of such Debt and any concurrent repayment of Debt, the Borrower is in compliance on a pro forma basis with Section 9.01 of this Agreement, calculated for the most recent Fiscal Quarter for which the
financial statements described in Sections 8.01(a) or (b) are available to the Lenders; 
 (iv) no Default
or Event of Default exists on the Date of Issuance or immediately will occur as a result of the issuance of the notes evidencing such Debt; 

(v) such Debt is not secured by any Lien on any property of a Credit Party; 

(vi) such Debt is not guaranteed by any Person which is not a Guarantor of all of the Secured Obligations (excluding any
Excluded Swap Obligations with respect to such Guarantor); and 
 (vii) the Borrower shall have delivered to the
Administrative Agent a certificate in reasonable detail reflecting compliance with the foregoing requirements; or 
 (c) any Permitted
Refinancing Debt of any of the foregoing. 
 “Permitted Unsecured Debt Documents” means, collectively, (a) the
Permitted 2015 Bond Documents and (b) with respect to Permitted Unsecured Debt other than the Permitted 2015 Bond Debt, any indenture, purchase agreement or other agreement providing for the issuance of such Permitted Unsecured Debt, any
unsecured notes issued from time to time thereunder, all guarantees of any such notes, the registration rights agreements from time to time entered into in connection with such notes, and all other agreements, documents or instruments executed and
delivered by the Borrower or any Subsidiary in connection with, or pursuant to, the issuance of such Permitted Unsecured Debt. 

“Permitted Unsecured Debt Springing Maturity Date” has the meaning assigned to such term in the definition of “Maturity
Date”. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 

  
 23 

 “Plan” means an employee pension benefit plan as defined in
Section 3(2) of ERISA (other than a Multiemployer Plan) that is subject to the provisions of Title IV of ERISA or Sections 412 and 430 of the Code or Section 302 of ERISA and in respect of which Borrower or any ERISA Affiliate is (or, if
the Plan were terminated, would under Section 4062 or Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by BMO 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 Administrative Agent as a general reference
rate of interest, taking into account such factors as the Administrative Agent may deem appropriate; it being understood that many of the Administrative Agent’s commercial or other loans are priced in relation to such rate, that it is not
necessarily the lowest or best rate actually charged to any customer and that the 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” has the meaning
assigned to such term in Section 2.07(c)(i). 
 “Proposed Borrowing Base Notice” has the meaning
assigned to such term in Section 2.07(c)(ii). 
 “Proved Developed Producing Reserves” means
“proved developed producing oil and gas reserves” as such term is defined by the SEC in its standards and guidelines. 

“Proved Reserves” means collectively, “proved oil and gas reserves,” “proved developed producing oil and gas
reserves,” “proved developed non-producing oil and gas reserves” (consisting of proved developed shut-in oil and gas reserves and proved developed behind
pipe oil and gas reserves), and “proved undeveloped oil and gas reserves,” as such terms are defined by the SEC in its standards and guidelines. 

“Proved Undeveloped Reserves” means “proved undeveloped oil and gas reserves,” as such term is defined by the SEC
in its standards and guidelines. 
 “Purchase Money Indebtedness” means Debt incurred in the ordinary course of the
Borrower’s or a Restricted Subsidiary’s business (a) consisting of the deferred purchase price of property, plant and equipment, conditional sale obligations, obligations under any title retention agreement and other obligations
incurred in connection with the acquisition, construction or improvement of such asset, in each case where the amount of such Debt does not exceed the greater of (i) the cost of the asset being financed and (ii) the fair market value of
such asset, and (b) incurred to finance such acquisition, construction or improvement by any Credit Party of such asset; provided however that such Debt is incurred within 180 days after such acquisition or the completion of such
construction or improvement. 
 “Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Credit Party that
has total assets exceeding $10,000,000 at the time the relevant Guarantee and Collateral Agreement or the grant of the relevant Lien becomes effective or such other Person as constitutes an “eligible contract participant” under the
Commodity Exchange Act or any regulations promulgated thereunder. 
 “Recipient” means (a) the Administrative Agent,
(b) any Lender, (c) any Issuing Bank, or (d) any other recipient of any payment to be made under any Loan Document. 

  
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 “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. 

“Register” has the meaning assigned to such term in Section 12.04(b)(iv). 

“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, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

“Release” means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning, emptying,
discharging, migrating, injecting, escaping, leaching, dumping, or disposing. 
 “Remedial Work” has the meaning assigned
to such term in Section 8.10(a). 
 “Required Lenders” means (i) at any time while no Loans
or LC Exposure is outstanding, Lenders holding at least sixty-six and two-thirds percent (66-2/3%) of the Aggregate Maximum
Credit Amounts, and (ii) at any time while any Loans or LC Exposure is outstanding, Lenders holding at least sixty-six and two-thirds percent (66-2/3%) of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under
Section 12.04(c)); provided, in each case, that the Maximum Credit Amounts and the principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded
from the determination of Required Lenders. 
 “Reserve Report” means a report, in form and substance reasonably
satisfactory to the Administrative Agent, setting forth, as of the dates set forth in Section 8.12(a) (or such other date in the event of an Interim Redetermination) the Proved Reserves attributable to the Oil and Gas
Properties of the Borrower and the Restricted Subsidiaries, 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. 
 “Responsible Officer” means, as to any Person, the
Chief Executive Officer, the President, any Financial Officer or any Vice President of such Person. Unless otherwise specified, all references to a Responsible Officer herein shall mean a Responsible Officer of the Borrower in his or her capacity as
such. 
 “Restricted Payment” means any dividend, return of capital 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. 
 “Restricted Subsidiary” means any Subsidiary of the Borrower that is not an Unrestricted
Subsidiary. 

  
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 “Revolving Credit Exposure” means, with respect to any Lender at any time,
the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. 
 “S&P”
means S&P Global Ratings, a division of S&P Global, Inc. and any successor thereto that is a nationally recognized rating agency. 

“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any
Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea and Syria). 
 “Sanctioned Person” means, at any
time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, (b) any Person operating, organized
or resident in a Sanctioned Country, or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State. 

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

“Scheduled Redetermination Date” means (a) April 1, 2019 and each April 1 and October 1 thereafter, based
upon a Reserve Report prepared as of the immediately preceding January 1 and July 1, respectively, and (b) each Optional Scheduled Redetermination Date (or, in the case of both of the foregoing clauses (a) and (b),
such date promptly thereafter as reasonably practicable). 
 “Scheduled Redetermination Effective 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). 

“SEC” means the Securities and Exchange Commission or any successor Governmental Authority. 

“Secured Obligations” means any and all amounts owing or to be owing by the Borrower, any Guarantor or any other Restricted
Subsidiary (whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including any renewals, extensions or rearrangements thereof): (a) to the
Administrative Agent, any Arranger, the 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 any Credit Party (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 including any Swap Agreement in existence prior to the date hereof, 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 another Secured Swap Provider that is not a Lender or an Affiliate of a Lender; (c) to any Bank Products
Provider in respect of Bank Products, but excluding any additional transactions or confirmations entered into (i) after such Bank Products Provider ceases to be a Lender or an Affiliate of a Lender or (ii) after assignment by a Bank
Products Provider to another Bank Products Provider that is not a Lender or an Affiliate of a Lender; provided that solely with respect to any Guarantor that is not an “eligible contract participant” under the Commodity Exchange
Act, Excluded Swap Obligations of such Guarantor shall in any event be excluded from “Secured Obligations” owing by such Guarantor. 

  
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 “Secured Parties” means, collectively, the Administrative Agent, the
Lenders, the Issuing Banks, the Bank Products Providers and Secured Swap Providers, and “Secured Party” means any of them individually. 

“Secured Swap Provider” means any (a) Person that is a Lender or Affiliate of a Lender and is a party to a Swap
Agreement with the Borrower or any of its Restricted Subsidiaries that entered into such Swap Agreement before or 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) assignee of any Person described in clause (a) above so long as such assignee is a Lender or an Affiliate of a Lender. 

“Security Instruments” means the Guarantee and Collateral Agreement, any Control Agreement and any and all other mortgages,
deeds of trust and other agreements, instruments, consents 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 Obligation pursuant to this Agreement) in connection with, or as security for the payment or performance of the Secured Obligations. 

“Sequel Joint Venture” means, that certain drilling joint venture among the Borrower and/or one or more of the other Credit
Parties and Sequel Energy Group, LLC and/or an affiliate thereof with respect to the development of certain Oil and Gas Properties located within Harrison, Guernsey, Belmont, Jefferson and Monroe Counties, Ohio. 

“Specified Period” means, for any date of determination, the period beginning on such date and ending on the twenty-four
(24) month anniversary thereof. 
 “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 Administrative Agent is subject with respect to the Adjusted LIBO Rate, 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, with respect to any Person (the “parent”) at any date, any other Person the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other Person of which Equity Interests
representing more than 50% of the equity or more than 50% of the ordinary voting power (irrespective of whether or not at the time Equity Interests of any other class or classes of such Person shall have or might have voting power by reason of the
happening of any contingency) or, in the case of a partnership, any general partnership interests are, as of such date, owned, controlled or held. 

“Subsidiary” means any subsidiary of the Borrower. 

  
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 “Swap Agreement” means any agreement with respect to any swap, forward,
future or derivative transaction or option 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 (including any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act); provided that (a) no phantom stock or similar plan providing for
payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or its Restricted Subsidiaries shall be a Swap Agreement and (b) no purchase or sale agreement for the physical
delivery of Hydrocarbons entered into in the ordinary course of business shall be a Swap Agreement unless such agreement (i) is a futures contract that is quoted or traded on a national board of exchange or (ii) has a term of longer than
90 days and requires a party to pay a fixed price for the Hydrocarbons to be delivered. 
 “Swap Obligation” means, with
respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Agreements, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements. 

“Synthetic Leases” means, in respect of any Person, 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 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. 
 “Taxes” means any and all present or future taxes, levies, imposts,
duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Termination Date” means the earlier of the Maturity Date and the date of termination of the Commitments. 

“Threshold Amount” means, at any time, the greater of (a) five percent (5%) of the Borrowing Base in effect at such time
and (b) $25,000,000. 
 “Total Commitments Utilization Percentage” means, as of any day, the fraction expressed as a
percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the total Commitments of the Lenders in effect on such day. 

“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, if any, and other
Properties pursuant to the Security 

  
 28 

 
Instruments and (b) each Guarantor, the execution, delivery and performance by such Guarantor of each Loan Document to which it is a party, the guaranteeing of the Secured Obligations and
the other obligations under the Guarantee and Collateral Agreement by such Guarantor and such Guarantor’s grant of the security interests and provision of collateral under the Security Instruments, and the grant of Liens by such Guarantor on
Mortgaged Properties, if any, and other Properties pursuant to the 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. 

“UCC” means the Uniform Commercial Code of the State of New York or of any other state the laws of which are required to be
applied in connection with the perfection of Liens on any Collateral (as defined in the Guarantee and Collateral Agreement) securing the Secured Obligations. 

“Unrestricted Subsidiary” means any Subsidiary of the Borrower designated as such on Schedule 7.14 or which the
Borrower has designated in writing to the Administrative Agent to be an Unrestricted Subsidiary pursuant to Section 9.20. 

“U.S. Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 “USA Patriot Act” has the meaning set forth in Section 12.16. 

“U.S. Tax Compliance Certificate” has the meaning set forth in Section 5.03(f). 

“Voting Stock” of any specified Person as of any date means the Capital Stock of such Person entitling the holders thereof
(whether at all times or only so long as no senior class of Capital Stock has voting power by reason of any contingency) to vote in the election of, or to designate, members of the board of directors of such Person. 

“Wells” means (a) a well drilled for the purpose of producing Hydrocarbons or disposing of fluids produced in connection
with the production of Hydrocarbons, associated with the Borrower’s or any Restricted Subsidiary’s interest in any oil and gas lease or lands pooled therewith and (b) any water production or disposal well, injection well or other
wells located on or allocable to the Hydrocarbon Interests or lands pooled therewith, whether producing, shut-in, abandoned or temporarily abandoned. 

“Wholly-Owned Subsidiary” means any Restricted Subsidiary of which all of the outstanding Equity Interests (other than any
directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by the Borrower or one or more of the Wholly-Owned Subsidiaries or are owned by the Borrower and one or more of the Wholly-Owned Subsidiaries. 

“Withholding Agent” means any Credit Party or the Administrative Agent. 

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

  
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 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”). 

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”. The word “or” is not exclusive. 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,
restated 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. 
 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 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 the Borrower’s independent
certified public accountants concur and which are disclosed to the 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, unless the Borrower and the Majority Lenders shall otherwise agree in writing, no such change shall modify or affect the manner in which compliance with the covenants contained herein is computed such that all such computations shall be
conducted utilizing financial information presented consistently with prior periods. 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, all Unrestricted Subsidiaries and their subsidiaries (including their assets, liabilities, income, losses, cash flows, and the elements thereof) shall be excluded, except for any cash dividends or distributions
actually paid by any Unrestricted Subsidiary or any of its subsidiaries to the Borrower or any Restricted Subsidiary, which shall be deemed to be income to the Borrower or such Restricted Subsidiary when actually received by it. 

Section 1.06 Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware
law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been
transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such
time. 

  
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 ARTICLE II 

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 (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) 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. 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 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. 

(c) Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and
not less than $200,000; 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 six (6) 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 each 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 date of this Agreement, (ii) any Lender that becomes a party hereto pursuant to an Assignment and
Assumption, as of the effective date of the Assignment and Assumption, or (iii) any Additional Lender that becomes a Lender party hereto in connection with an increase in the Aggregate Maximum Credit Amounts pursuant to
Section 2.06(c), as of the effective date of such increase, 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 12.04(b) or otherwise), the Borrower shall deliver or cause to be delivered, to
the extent such Lender is then holding a Note, 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. 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. Failure to make any such recordation 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. 

  
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 (e) Loans and Borrowings under the Existing Credit Agreement. On the Effective Date
(or as soon as practicable with respect to (iii)): 
 (i) the Borrower shall pay all accrued and unpaid commitment fees, undrawn facility
fees, break funding fees under Section 5.02 (solely with respect to any Existing Lender that will not be a Lender) and all other fees that are outstanding under the Existing Credit Agreement for the account of each
“Lender” under the Existing Credit Agreement; 
 (ii) each “ABR Loan” and “Eurodollar Loan” outstanding under
the Existing Credit Agreement shall be deemed to be an ABR Loan or Eurodollar Loan, as applicable, under this Agreement; 
 (iii) any note
executed and delivered by the Borrower under the Existing Credit Agreement shall be deemed to be automatically cancelled and of no further force or effect, and the Administrative Agent shall use reasonable efforts to cause all Existing Lenders to
deliver to the Borrower, as soon as practicable after the Effective Date, all such notes marked “canceled” or otherwise similarly defaced; 

(iv) any Existing Letters of Credit shall be deemed issued under this Agreement; and 

(v) the Existing Credit Agreement and the commitments thereunder shall be superseded by this Agreement and such commitments shall terminate.

 It is the intent of the parties hereto that this Agreement not constitute a novation of the obligations and liabilities existing under
the Existing Credit Agreement or evidence repayment of any such obligations and liabilities and that this Agreement, from and after the Effective Date, amend and restate in its entirety the Existing Credit Agreement and re-evidence the obligations of the Borrower outstanding thereunder and that any Loan Document and/or Liens securing the Secured Obligations (as defined in the Existing Credit Agreement) shall continue in full force
and effect to secure the Secured Obligations hereunder. 
 Section 2.03 Requests for Borrowings. To request a Borrowing, the
Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City 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, New York City 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 or facsimile to the Administrative Agent of a written Borrowing
Request in substantially 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; 

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

  
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 (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”; 
 (v) the amount of the then effective Borrowing Base, the Aggregate Maximum Credit
Amounts, the current total Revolving Credit Exposures (without regard to the requested Borrowing) and the pro forma total Revolving Credit Exposures (giving effect to the requested Borrowing); and 

(vi) 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 constitute a representation by
the Borrower that the amount of the requested Borrowing shall not cause the total Revolving Credit Exposures to exceed the total Commitments. 
 Promptly
following receipt of a Borrowing Request in accordance with this Section 2.03, the 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. 

(b) Interest Election Requests. To make an election pursuant to this Section 2.04, the Borrower shall notify
the 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 or facsimile to the Administrative Agent of a written Interest Election Request in
substantially the form of Exhibit C and signed by the Borrower. 
 (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); 

  
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 (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 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, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Notice to the Lenders by the Administrative Agent. Promptly following receipt of an Interest Election Request, the 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
an Event of Default or a Borrowing Base Deficiency has occurred and is continuing: (i) 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 (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

Section 2.05 Funding of Borrowings. 

(a) Funding by the 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 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The 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 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 Administrative Agent to the Issuing Bank. 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 Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the 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 Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand without duplication, such corresponding amount with interest thereon, for each day from and
including the date such amount is made available to 

  
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the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower and without regard to Section 5.02, the interest rate applicable to the Adjusted LIBO Rate
for an Interest Period of one month. If such Lender remits to the Administrative Agent its share of the Borrowing, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

Section 2.06 Termination, Reduction and Optional Increase 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 or the Borrowing Base is 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 Maximum 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 $1,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit
Amounts if, (1) 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 or (2) the Aggregate
Maximum Credit Amount would be less than $1,000,000 (unless, with respect to this clause (2), the Aggregate Maximum Credit Amounts are reduced to $0.00). 

(ii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum Credit Amounts under
Section 2.06(b)(i) at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the
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 satisfaction of one or more conditions precedent, in which case such notice may be revoked by the Borrower (by notice to the 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. 
 (c) Optional Increase in
Aggregate Maximum Credit Amounts. 
 (i) Subject to the conditions set forth in Section 2.06(c)(ii), the
Borrower may increase the Aggregate Maximum Credit Amounts then in effect by increasing the Maximum Credit Amount of a Lender or, with the written consent of the Administrative Agent and each Issuing Bank (such consent not to be unreasonably
withheld or delayed), by causing a Person that at such time is not a Lender to become a Lender (an “Additional Lender”). Notwithstanding anything to the contrary contained in this Agreement, in no case shall an Additional Lender be
the Borrower or an Affiliate of the Borrower. 

  
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 (ii) Any increase in the Aggregate Maximum Credit Amounts shall be subject to the following
additional conditions: 
 (A) such increase shall not be less than $25,000,000 unless the Administrative Agent otherwise
consents (such consent not to be unreasonably withheld, delayed or conditioned), and all such increases pursuant to this Section 2.06 shall not exceed $250,000,000 in the aggregate; 

(B) no Default shall have occurred and be continuing on the effective date of such increase; 

(C) no Lender’s Maximum Credit Amount may be increased without the consent of such Lender; 

(D) if the Borrower elects to increase the Aggregate Maximum Credit Amounts by increasing the Maximum Credit Amount of an
existing Lender, the Borrower and such Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit I (a “Maximum Credit Amount Increase Certificate”); 

(E) if the Borrower elects to increase the Aggregate Maximum Credit Amounts by causing an Additional Lender to become a party
to this Agreement, then the Borrower and such Additional Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit J (an “Additional Lender Certificate”), together with an
Administrative Questionnaire and a processing and recordation fee of $3,500, and the Borrower shall (1) if requested by the Additional Lender, deliver a Note payable to such Additional Lender in a principal amount equal to its Maximum Credit
Amount, and otherwise duly completed and (2) pay any applicable fees as may have been agreed to between the Borrower, the Additional Lender and/or the Administrative Agent; and 

(F) the Borrower shall deliver or cause to be delivered any customary legal opinions or other documents (including, without
limitation, a resolution duly adopted by the board of directors (or equivalent body) of each Credit Party authorizing such increase in the Aggregate Maximum Credit Amounts) in connection with such increase in the Aggregate Maximum Credit Amounts to
the extent reasonably requested by the Administrative Agent. 
 (iii) Subject to acceptance and recording thereof pursuant to
Section 2.06(c)(iv), from and after the effective date specified in the Maximum Credit Amount Increase Certificate or the Additional Lender Certificate (or if any Eurodollar Borrowings are outstanding, then the last day of
the Interest Period in respect of such Eurodollar Borrowings, unless the Borrower has paid compensation required by Section 5.02): (A) the amount of the Aggregate Maximum Credit Amounts shall be increased as set forth
therein, and (B) in the case of an Additional Lender Certificate, any Additional Lender party thereto shall be a party to this Agreement and have the rights and obligations of a Lender under this Agreement and the other Loan Documents. In
addition, the Lender or the Additional Lender, as applicable, shall purchase a pro rata portion of the outstanding Loans (and participation interests in Letters of Credit) of each of the other Lenders (and such Lenders hereby agree to sell and to
take all such further action to effectuate such sale) such that each Lender (including any Additional Lender, if applicable) shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after giving effect to the
increase in the Aggregate Maximum Credit Amounts. 
 (iv) Upon its receipt of a duly completed Maximum Credit Amount Increase Certificate
or an Additional Lender Certificate, executed by the Borrower and the Lender or by the Borrower and the Additional Lender party thereto, as applicable, the written consent of the Administrative Agent and each Issuing Bank referred to in
Section 2.06(c)(i), the processing and recording fee referred to 

  
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in Section 2.06(c)(ii), and the Administrative Questionnaire referred to in Section 2.06(c)(ii), if applicable, the Administrative Agent shall
accept such Maximum Credit Amount Increase Certificate or Additional Lender Certificate and record the information contained therein in the Register required to be maintained by the Administrative Agent pursuant to
Section 12.04(b)(iv). No increase in the Aggregate Maximum Credit Amounts shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this
Section 2.06(c)(iv). 
 (v) Upon any increase in the Aggregate Maximum Credit Amounts pursuant to this
Section 2.06(c), Annex I to this Agreement shall be automatically amended to reflect any changes in the Lenders’ Maximum Credit Amounts and any resulting changes in the Lenders’ Applicable Percentages. 

Section 2.07 Borrowing Base. 

(a) Initial Borrowing Base. On the Effective Date, the Borrowing Base shall be $375,000,000. Notwithstanding the foregoing, the
Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 8.13(c) and Section 9.12. 

(b) Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined in accordance with this
Section 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the
Administrative Agent, the Issuing Bank and the Lenders on each Scheduled Redetermination Effective Date. The Borrower may elect for any January 1 or July 1 of any calendar year to be an Optional Scheduled Redetermination Date by
designating in writing to the Administrative Agent such date as an Optional Scheduled Redetermination Date (which designation must be made no later than the date on which the Scheduled Redetermination scheduled for the immediately preceding
April 1 and October 1, as applicable, becomes effective. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, or, at the direction of the Required Lenders, shall, by notifying the
Borrower thereof, one time between two successive Scheduled Redetermination Effective Dates that are not Optional Scheduled Redetermination Dates, each elect to cause the Borrowing Base to be redetermined 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 Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to
Section 8.12(a) and (c), and, in the case of an Interim Redetermination, pursuant to Section 8.12(b) and (c), and (B) such other reports, data and supplemental information,
including, without limitation, the information provided pursuant to Section 8.12(c), as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports,
data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall, in good faith, propose a new Borrowing Base (the
“Proposed Borrowing Base”) based upon such information and such other information (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 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) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it exists at the particular time. In no event shall the Proposed Borrowing Base exceed
the Aggregate Maximum Credit Amounts; 

  
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 (ii) The Administrative Agent shall notify the Borrower and the Lenders of the Proposed
Borrowing Base (the “Proposed Borrowing Base Notice”) after the Administrative Agent has received complete Engineering Reports from the Borrower and has had a reasonable opportunity to determine the Proposed Borrowing Base in
accordance with Section 2.07(c)(i); and 
 (iii) Any Proposed Borrowing Base that would increase the Borrowing
Base then in effect must be approved by the Borrowing Base Increase Requisite Lenders as provided in this Section 2.07(c)(iii) (and after giving effect to any reallocation described in
Section 2.07(c)(iv)); and any Proposed Borrowing Base that would decrease or maintain the 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). Upon receipt of the Proposed Borrowing Base Notice, each Lender shall have twenty (20) days thereafter to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by
proposing an alternate Borrowing Base. At the end of such twenty (20) days, any Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of the Proposed
Borrowing Base. If, at the end of such 20-day period, the Borrowing Base Increase Requisite Lenders, in the case of a Proposed Borrowing Base that would increase the Borrowing Base then in effect, or the
Required Lenders, in the case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, have approved or, in the case of a decrease or reaffirmation, deemed to have approved, as aforesaid, then the Proposed
Borrowing Base shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). If, however, at the end of such 20-day period, the Borrowing Base Increase
Requisite Lenders or the Required Lenders, as applicable, have not approved or, in the case of a decrease or reaffirmation, deemed to have approved, as aforesaid, then the Administrative Agent shall poll the Lenders to ascertain the highest
Borrowing Base then acceptable to (x) in the case of a decrease or reaffirmation, a number of the Lenders sufficient to constitute the Required Lenders and (y) in the case of an increase, the Borrowing Base Increase Requisite Lenders, and
such amount shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). 
 (iv) If
any Proposed Borrowing Base that would increase the Borrowing Base then in effect has been approved by the Borrowing Base Increase Requisite Lenders, and a Lender has timely communicated its disapproval of such Proposed Borrowing Base (each, a
“Dissenting Lender”), then the Borrower may, at its sole expense and effort, upon notice to the applicable Dissenting Lender and the Administrative Agent, (A) replace one or more Dissenting Lenders in accordance with the terms
of Section 5.04(b) with Lenders that approve such Proposed Borrowing Base, (B) if the Borrower can identify non-Dissenting Lenders or, with the consent of the Administrative
Agent and each Issuing Bank (such consent not to be unreasonably withheld or delayed), other Persons that are not Lenders at such time that, in either case, agree to do so in their sole discretion, elect for all (but not less than all) of each such
Dissenting Lender’s Increase Portion to be reallocated among such non-Dissenting Lenders and such other Persons in a manner, and subject to documentation and terms, in each case reasonably acceptable to
the Borrower, such non-Dissenting Lenders, such other Persons and the Administrative Agent, and Annex I hereto shall be automatically amended to reflect all of the foregoing, or (C) elect to
proceed with a combination of replacing one or more Dissenting Lenders as set forth in the preceding clause (A) and reallocating non-replaced Dissenting Lenders’ Increase Portions.
Notwithstanding anything to the contrary contained in this Agreement, if the actions contemplated by the foregoing clauses (A), (B) and (C) are not effectuated for any reason and any Dissenting Lender has not either been
replaced or had its entire Increase Portion reallocated in accordance with the foregoing, then the Proposed Borrowing Base shall be deemed not to be approved by the Borrowing Base Increase Requisite Lenders. 

  
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 (v) Within three (3) Business Days of its receipt of a Proposed Borrowing Base Notice,
the Borrower may provide written notice to the Administrative Agent and the Lenders that specifies for the period from the effective date of the Proposed Borrowing Base until the next succeeding Scheduled Redetermination, the Borrowing Base will be
a lesser amount than the amount set forth in such Proposed Borrowing Base Notice, whereupon such specified lesser amount will become the new Proposed Borrowing Base, but such three (3) Business Day time period (whether or not the Borrower
provides written notice of a lesser amount) shall not increase or be deemed to increase the 20-day period set forth in Section 2.07(c)(iii), and any proposed lesser amount by the
Borrower pursuant to this Section 2.07(c)(v) shall not reset such 20-day period or be deemed to commence a new 20-day period. The
Borrower’s notice under this Section 2.07(c)(v) shall be irrevocable, but without prejudice to its rights to effect Interim Redeterminations. 

(d) Effectiveness of a Redetermined Borrowing Base. After a redetermined Borrowing Base is approved or is deemed to have been approved
by the Borrowing Base Increase Requisite Lenders or the Required Lenders, as applicable, pursuant to Section 2.07(c)(iii) and Section 2.07(c)(iv), the Administrative Agent shall notify the Borrower
and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Issuing
Bank and the Lenders: 
 (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the
Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (c) in a timely and complete manner, then on the applicable Scheduled Redetermination Date following such notice, or
(B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (c) in a timely and complete manner, then on the
Business Day next succeeding delivery of such notice; and 
 (ii) in the case of an Interim Redetermination, on the Business Day next
succeeding delivery of such notice. 
 Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Effective Date, the next
Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 8.13(c), 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) Automatic Reduction of the Borrowing
Base in connection with the issuance of Permitted Unsecured Debt. Notwithstanding anything to the contrary contained herein, if the Borrower issues any Permitted Unsecured Debt on or after the date hereof (excluding any Permitted Refinancing
Debt in respect of the Permitted 2015 Bond Debt), on each Date of Issuance (as defined in the definition of Permitted Unsecured Debt) the Borrowing Base then in effect shall be reduced automatically by an amount equal to the product of 0.25 and the
stated principal amount of the Permitted Unsecured Debt so issued (it being understood that any Permitted Refinancing Debt in respect of the Permitted 2015 Bond Debt shall not result in such automatic reduction). The Borrowing Base as so reduced
shall become the new Borrowing Base immediately upon such Date of Issuance and shall remain in effect until the next date as of which the Borrowing Base is redetermined pursuant to this Agreement. For purposes of this
Section 2.07(e), if any such Permitted Unsecured Debt is issued at a discount or otherwise sold for less than “par”, the reduction shall be calculated based upon the stated principal amount without reference to
such discount. 

  
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 (f) Reduction of Borrowing Base Upon Sale of Properties and Termination of Swap
Agreements. In connection with any sale or other disposition of Property or termination or monetization of any Swap Agreement pursuant to Section 9.12(d), the Borrowing Base shall be reduced, as and when applicable, in
accordance with the provisions of Section 9.12(d)(iv) and shall remain in effect until the next date as of which the Borrowing Base is redetermined pursuant to this Agreement. The Administrative Agent shall promptly notify
the Borrower and the Lenders of any such reduction of the Borrowing Base and the effective date thereof. 
 Section 2.08 Letters of
Credit. 
 (a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of dollar
denominated Letters of Credit (or the amendment, renewal or extension of outstanding Letters of Credit) for its own account or for the account of any of its Restricted Subsidiaries, and Issuing Bank shall issue, amend, renew or extend such Letters
of Credit, in each case in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Availability Period; provided that the Borrower may not request the issuance,
amendment, renewal or extension of Letters of Credit hereunder if (i) a Borrowing Base Deficiency exists at such time or, if after giving effect thereto, would exist or (ii) if after giving effect thereto, the LC Exposure exceeds the LC
Commitment. Without limiting the foregoing and without affecting the limitations contained herein, it is understood and agreed that the Borrower may from time to time request that an Issuing Bank issue Letters of Credit in excess of its individual
LC Commitment in effect at the time of such request, and each Issuing Bank agrees to consider any such request in good faith. Any Letter of Credit so issued by an Issuing Bank in excess of its individual LC Commitment then in effect shall
nonetheless constitute a Letter of Credit for all purposes of the Credit Agreement, and shall not affect the LC Commitment of any other Issuing Bank, subject to the aggregate LC Commitment. Any Issuing Bank that issues a Letter of Credit in excess
of its individual LC Commitment then in effect shall promptly notify the Administrative Agent of such issuance. 
 (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 facsimile (or transmit by
electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (not less than three (3) 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 to be amended, renewed or extended; 
 (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 of such Letter of Credit; 

(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; and 

  
 40 

 (vi) specifying the amount of the then effective Borrowing Base and the Aggregate Maximum
Credit Amounts and whether a Borrowing Base Deficiency exists at such time, the current total Revolving Credit Exposures (without regard to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter of
Credit) and the pro forma total Revolving Credit Exposures (giving effect to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter of Credit). 

If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with
any request for a Letter of Credit; provided that, in the event of any conflict between such application or any Letter of Credit Agreement and the terms of this Agreement, the terms of this Agreement shall control. 

(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. 

(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 or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the 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 Administrative Agent, for
the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the 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. 

(e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse
such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City 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., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then on the Business Day immediately following the day that the Borrower receives such
notice; provided that the Borrower shall, subject to the conditions to Borrowing set forth herein, be deemed to have requested, and the Borrower does hereby request under such circumstances, 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. If the Borrower fails to make such payment when due, the 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
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 Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative
Agent of any payment from the Borrower pursuant to this Section 2.08(e), the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that the Lenders

  
 41 

 
have made payments pursuant to this Section 2.08(e) to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment
made by a Lender pursuant to this Section 2.08(e) to reimburse the 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 the Issuing Bank under a Letter of Credit 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
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 Administrative Agent, the Lenders nor the 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 the Issuing Bank; provided that the foregoing shall not be construed to excuse the 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 the 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 the Issuing Bank (as finally determined by a court of competent jurisdiction), the 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 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. The Issuing Bank shall, promptly
following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile) of
such demand for payment and whether the 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 the
Issuing Bank and the Lenders with respect to any such LC Disbursement. 
 (h) Interim Interest. If the Issuing Bank shall make any LC
Disbursement and has not received reimbursement thereof by 12:00 noon, New York City time, on the day that it has given the Borrower notice thereof on or before 10:00 a.m., New York City time, then, until the Borrower shall have reimbursed the
Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under 

  
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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 the Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Replacement of the Issuing Bank; Designation of Additional Issuing Banks. 

(i) The Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank
and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of
the replaced Issuing Bank pursuant to Section 3.05(b). From and after the effective date of any such replacement, (A) the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this
Agreement with respect to Letters of Credit to be issued thereafter and (B) references herein to the term “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 replacement of the Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of the Issuing Bank under this
Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

(ii) From time to time, the Borrower may by notice to the Administrative Agent designate as additional Issuing Banks one or more Lenders that
agree to serve in such capacity as provided below. The acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be evidenced by a joinder agreement (an “Issuing Bank Agreement”), which shall be in a form
reasonably satisfactory to such Lender, the Borrower and the Administrative Agent, shall set forth the agreement of such Lender to become an Issuing Bank hereunder and shall be executed by such Lender, the Borrower and the Administrative Agent and,
from and after the effective date of such Issuing Bank Agreement, (A) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and the other Loan Documents and (B) references herein and in the other
Loan Documents to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an Issuing Bank. Notwithstanding anything to the contrary contained herein, in no event may there be more than three (3) Issuing Banks
at any one time under this Agreement. 
 (j) Cash Collateralization. If (i) any Event of Default shall occur and be continuing
and the Borrower receives written notice from the Administrative Agent or the Majority Lenders demanding the deposit of Cash Collateral pursuant to this Section 2.08(j), (ii) the LC Exposure exceeds the LC Commitment at any
time as a result of a reduction in the Borrowing Base or (iii) the Borrower is required to pay to the Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment pursuant to
Section 3.04(c), then the Borrower shall deposit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to, in the case of an Event
of Default, the LC Exposure, in the case of the LC Exposure exceeding the LC Commitment, the amount of such excess, and in the case of a payment required by Section 3.04(c), the amount of such excess as provided in
Section 3.04(c), as of such date 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 Administrative Agent, for the benefit of the Issuing Bank and the Lenders, an exclusive first 

  
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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 Restricted Subsidiaries may now or hereafter have against any such beneficiary, the Issuing Bank, the Administrative Agent, the Lenders or any other Person for any reason whatsoever. Such deposit shall be held as collateral
securing the payment of the Borrower’s and the Guarantor’s obligations under this Agreement and the other Loan Documents and, other than as set forth herein, so long as any such obligations remain outstanding, the 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 of the Administrative Agent
and with the written consent of the Borrower, but 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 Administrative Agent to reimburse the 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. 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 Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment
pursuant to Section 3.04(c), then such amount (to the extent not applied as aforesaid) shall cease to be Cash Collateral and shall be returned to the Borrower within three Business Days after all Events of Default have been
cured or waived and the Administrative Agent shall no longer shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account (except to the extent otherwise provided by the Loan Documents). If the Borrower
is required to provide an amount of Cash Collateral pursuant to subclause (j)(ii) of this Section, then such amount (to the extent not applied as aforesaid) shall cease to be Cash Collateral and shall be returned to the Borrower within three
Business Days after the LC Exposure no longer exceeds the LC Commitment as a result of a reduction in the Borrowing Base and the Administrative Agent shall no longer shall have exclusive dominion and control, including the exclusive right of
withdrawal, over such account (except to the extent otherwise provided by the Loan Documents). 
 (k) Cash Collateralization of Fronting
Exposure. At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent) the Borrower shall Cash
Collateralize the Issuing Banks’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.09(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount
not less than the Minimum Collateral Amount. 
 (i) Grant of Security Interest. The Borrower, and to the extent provided by any
Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the benefit of the Issuing Banks, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting
Lenders’ obligation to fund participations in respect of LC Exposure, to be applied pursuant to clause (b) below. If at any time the Administrative Agent determines in good faith 

  
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that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and the Issuing Banks as herein provided, or that the total amount of such Cash Collateral
is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving
effect to any Cash Collateral provided by the Defaulting Lender). 
 (ii) Application. Notwithstanding anything to the contrary
contained in this Agreement, Cash Collateral provided under this Section 2.08(k) or Section 2.09 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s
obligation to fund participations in respect of LC Exposure (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of
such property as may otherwise be provided for herein. 
 (iii) Termination of Requirement. Cash Collateral (or the appropriate
portion thereof) provided to reduce any Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.08(k) following (i) the elimination of the applicable
Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and each Issuing Bank that there exists excess Cash Collateral; provided that,
subject to Section 2.09 the Person providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations; provided
further that to the extent that such Cash Collateral was provided by the Borrower, such amount shall cease to be Cash Collateral and shall be returned to the Borrower within three Business Days after such Cash Collateral shall no longer be
required to be held pursuant to this Section 2.08(k) and the Administrative Agent shall no longer shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account (except to the
extent otherwise provided by the Loan Documents). 
 Section 2.09 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i)
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement or any Loan Document shall be restricted as set forth in the definition of Borrowing Base
Increase Requisite Lenders, Majority Lenders, or Required Lenders, as applicable. 
 (ii) Defaulting Lender Waterfall. Any payment
of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article X or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 12.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank hereunder; third, to Cash Collateralize the Issuing
Banks’ Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.08(k); fourth, as the Borrower may request (so long as no Default or Event of Default then exists), to the funding of
any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be
held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect 

  
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to Loans under this Agreement and (y) Cash Collateralize the Issuing Banks’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit
issued under this Agreement, in accordance with Section 2.08(k); sixth, to the payment of any amounts owing to the Lenders or the Issuing Banks as a result of any judgment of a court of competent jurisdiction
obtained by any Lender or the Issuing Banks against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment
of any amounts owing to the Borrower or any of its Subsidiaries as a result of any judgment of a court of competent jurisdiction obtained by the Borrower or any of its Subsidiaries against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in
Section 6.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis
prior to being applied to the payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in LC Exposure are held by the Lenders pro rata in accordance with
the Commitments without giving effect to Section 2.09(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to
post Cash Collateral pursuant to this Section 2.09(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) A Defaulting Lender shall not be entitled to receive any commitment fee or any fee in respect of participations in
Letters of Credit pursuant to Section 3.05(b), in each case, for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required
to have been paid to that Defaulting Lender); provided, however, that a Defaulting Lender shall be entitled to receive fees in respect of participations in Letters of Credit pursuant to Section 3.05(b) for any
period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to
Section 2.08(k). 
 (B) The Borrower shall (1) pay to each
Non-Defaulting Lender that portion of any fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to each Issuing Bank, as applicable, the amount of any fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing
Bank’s Fronting Exposure to such Defaulting Lender, and (3) not be required to pay any other amount in respect of any fee payable pursuant to this clause (iii). 

(iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in LC
Exposure shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the
extent that (x) the conditions set forth in Section 6.02 are satisfied at the time of such reallocation (and, if requested by the Administrative Agent, the Borrower shall represent and warrant that such conditions are
satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting
Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

  
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 (v) Cash Collateral. If the reallocation described in clause (iv) above
cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Issuing Banks’ Fronting Exposure in accordance with the procedures set forth
in Section 2.08(k). 
 (b) Required Actions After No Longer Being a Defaulting Lender. If the Borrower, the
Administrative Agent and each Issuing Bank agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any
conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments (without giving effect to
Section 2.09(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower
while that 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 a Lender will constitute a waiver or release
of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 (c) Issuing Banks. So long as
any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

ARTICLE III 
 PAYMENTS OF
PRINCIPAL AND INTEREST; PREPAYMENTS; FEES 
 Section 3.01 Repayment of Loans. The Borrower hereby unconditionally promises
to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Termination Date. 

Section 3.02 Interest. 

(a) ABR Loans. The Loans comprising each ABR Borrowing shall bear interest on the principal balance thereof from time to time
outstanding at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate. 
 (b)
Eurodollar Loans. The Loans comprising each Eurodollar Borrowing shall bear interest on the principal balance thereof from time to time outstanding at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the
Applicable Margin, but in no event to exceed the Highest Lawful Rate. 
 (c) Post-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
from time to time outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a), but in
no event to exceed the Highest Lawful Rate. 

  
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 (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 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. 

(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 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. 

(a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing: 

(i) the 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 (including because, at the applicable time of determination, the LIBO Rate is not available or published at such time on a current basis) for such Interest Period; or 

(ii) the 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 Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or facsimile as promptly as practicable thereafter and,
until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist (and the Administrative Agent agrees to promptly provide such notice to the Borrower and the Lenders), (i) any
Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing with such Interest Period shall be ineffective, and (ii) if any Borrowing Request requests a Eurodollar
Borrowing with such Interest Period, such Borrowing shall be made either for another Interest Period (subject to application of this Section 3.03 thereto) or as an ABR Borrowing or at an alternate rate of interest
determined by the Majority Lenders as their cost of funds. 
 (b) If at any time the Administrative Agent determines (which determination
shall be conclusive absent manifest error) that (i) the circumstances set forth in clause (a)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in clause (a)(i) have not
arisen but either (A) the supervisor for the administrator of the LIBO Rate has made a public statement that the administrator of the LIBO Rate is insolvent (and there is no successor administrator that will

  
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continue publication of the LIBO Rate), (B) the administrator of the LIBO Rate has made a public statement identifying a specific date after which the LIBO Rate will permanently or indefinitely
cease to be published by it (and there is no successor administrator that will continue publication of the LIBO Rate), (C) the supervisor for the administrator of the LIBO Rate has made a public statement identifying a specific date after which the
LIBO Rate will permanently or indefinitely cease to be published by such administrator and any successor administrator or (D) the supervisor for the administrator of the LIBO Rate or a Governmental Authority having jurisdiction over the
Administrative Agent has made a public statement identifying a specific date after which the LIBO Rate may no longer be used for determining interest rates for loans, then the Administrative Agent and the Borrower shall promptly and in good faith
endeavor to establish an alternate rate of interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans to similarly situated borrowers in the United States
at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not
include a reduction of the Applicable Margin); provided that, if such alternate rate of interest as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Promptly upon the
establishment of any such alternate rate, the Administrative Agent shall deliver notice of such amendment to the Lenders and, notwithstanding anything to the contrary in Section 12.02(b), such amendment shall become
effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within five Business Days of the date of such notice, a written notice from the Majority Lenders
stating that such Majority Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (b) (but, in the case of the circumstances described in clause (ii) of the first
sentence of this Section 3.03(b), only to the extent the LIBO Rate for such Interest Period is not available or published at such time on a current basis), or until the Administrative Agent shall notify the Borrower that
the circumstances resulting in the need to determine an alternate rate of interest no longer exist (and the Administrative Agent agrees to promptly give such notice to the Borrower) (x) 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 (y) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. For the avoidance of
doubt, the LIBO Rate shall apply to any existing Eurodollar Loans until the expiration of the Interest Period in respect thereof. 

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 Administrative Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three
Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify 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 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. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by
Section 3.02. 

  
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 (c) Mandatory Prepayments. 

(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 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 Borrowing Base in
accordance with Section 2.07 (other than pursuant to Section 2.07(e) Section 2.07(f)) or Section 8.13(c), if there exists a Borrowing Base Deficiency,
then the Borrower shall within ten (10) Business Days following receipt of the New Borrowing Base Notice in accordance with Section 2.07(d) or the date the adjustment occurs, provide written notice (the
“Election Notice”) to the Administrative Agent stating the action which the Borrower proposes to take to eliminate such Borrowing Base Deficiency, and the Borrower shall thereafter, at its option, either 

(A) within thirty (30) days following its delivery of the Election Notice, by instruments reasonably satisfactory in
form and substance to the Administrative Agent, provide the Administrative Agent with additional security consisting of Oil and Gas Properties with value and quality satisfactory to the Administrative Agent and the Required Lenders in their sole
discretion to eliminate such Borrowing Base Deficiency, 
 (B) within thirty (30) days following its delivery of the
Election Notice, prepay the Borrowings in an amount sufficient to eliminate such Borrowing Base Deficiency and, if any Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative
Agent on behalf of the Lenders an amount necessary to eliminate such remaining Borrowing Base Deficiency to be held as Cash Collateral as provided in Section 2.08(j), 

(C) elect to prepay (and thereafter pay) the principal amount necessary to eliminate such Borrowing Base Deficiency in not
more than three (3) equal monthly installments plus accrued interest thereon with the first such monthly payment being due within thirty (30) days following its delivery of the Election Notice (and, if any Borrowing Base Deficiency
remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount necessary to eliminate such remaining Borrowing Base Deficiency to be held as Cash Collateral as provided
in Section 2.08(j)), or 
 (D) by any combination of prepayment and additional security as
provided in the preceding clauses (A), (B) or (C), eliminate such Borrowing Base Deficiency; 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. 

  
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 (iii) Upon any adjustments to the Borrowing Base pursuant to Sections 2.07(e) and/or
2.07(f), if there is a Borrowing Base Deficiency, then the Borrower shall (A) prepay any Borrowings or (B) Cash Collateralize any LC Exposure as provided in Section 2.08(j), in an aggregate amount equal to
such Borrowing Base Deficiency. The Borrower shall be obligated to make such prepayment and/or deposit of Cash Collateral within one Business Day of the date it receives (i) proceeds of such issuance of Permitted Unsecured Debt or
(ii) confirmation of the amount of any reduction of the Borrowing Base pursuant to Section 2.07(f), as applicable; 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) Promptly following any sale,
lease, conveyance, disposition or other transfer by any Credit Party of any of its Proved Reserves, without duplication, or any termination or other monetization by any Credit Party of any Swap Agreement in respect of commodities, other than as
permitted by Section 9.12, and immediately after giving effect thereto there exists a Borrowing Base Deficiency, then the Borrower shall, within thirty (30) days following such occurrence, eliminate such Borrowing Base
Deficiency from the Net Proceeds of such sale, lease, conveyance, disposition, transfer, termination or monetization. Nothing in this paragraph is intended to permit any Credit Party to sell Property other than pursuant to
Section 9.12, and any such non-permitted sale will constitute a breach of this Agreement. 

(v) 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 least number of days remaining in the Interest Period applicable thereto and ending with the Eurodollar Borrowing with the most number of days remaining in the Interest Period applicable thereto. 

(vi) 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. 

(d) No Premium or Penalty. Prepayments permitted or required under this Section 3.04 shall be without
premium, penalty or other expense, except as required under Section 5.02 and Section 12.03. 

Section 3.05 Fees. 

(a) Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which
shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the period from the date of this Agreement and to but excluding the Termination Date. Accrued commitment fees
shall be payable in arrears on 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 date hereof. All commitment fees shall be computed on the basis of a
year of 360 days, unless (and if applicable) 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 Administrative Agent for the account of each Lender 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) during the period from and including the date of this Agreement 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 the Issuing Bank a fronting fee, 

  
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which shall accrue at the rate of 0.35% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the
period from and including the date of this Agreement 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, provided that in no event shall such fee be less than $500
during any quarter, and (iii) to the 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 on the third Business Day following such last day, commencing on the first such date to occur after the date of this
Agreement; 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 the 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 (and if applicable) 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) Administrative Agent Fees. The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts
and at the times separately agreed upon in writing between the Borrower and the Administrative Agent. 
 (d) Defaulting Lender Fees.
Subject to Section 2.09, the Borrower shall not be obligated to pay the Administrative Agent any Defaulting Lender’s ratable share of the fees described in Section 3.05(a) and
(b) for the period commencing on the day such Defaulting Lender becomes a Defaulting Lender and continuing for so long as such Lender continues to be a Defaulting Lender. 

ARTICLE IV 
 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 12:00 noon, New York City time, on the date when due, 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. Any amounts received after such time on any date may, in the discretion of the 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 Administrative Agent at its offices specified in Section 12.01, except payments to be made directly to the
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 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. 

  
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 (b) Application of Insufficient Payments. If at any time insufficient funds are
received by and available to the 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. 

(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 or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans
and participations in LC Disbursements 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 and
participations in LC Disbursements 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 and participations in LC Disbursements; 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 or participations in LC Disbursements to any assignee or participant, other
than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this Section 4.01(c) shall apply); provided further that in the event that any Defaulting Lender shall exercise any
such right of setoff, counterclaim or other similar right (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 4.03
and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, any Issuing Bank, and the Lenders, and (y) the Defaulting Lender shall provide
promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 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 Administrative Agent shall have received notice from the Borrower
prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank that the Borrower will not make such payment, the 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 the 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 the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or 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 Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 Section 4.03 Disposition of Proceeds. The Security Instruments contain an assignment by the Borrower and/or the
Guarantors unto and in favor of the 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 

  
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Instruments further provide in general for the application of such proceeds to the satisfaction of the Secured Obligations and other obligations described therein and secured thereby.
Notwithstanding the assignment contained in such Security Instruments or any other Loan Document, until the occurrence of an Event of Default (and then, only during the continuance thereof), (a) the Administrative Agent and the Lenders agree that
they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to and
used by the Borrower and its Restricted Subsidiaries and (b) the Lenders hereby authorize the 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 V 

INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY 

Section 5.01 Increased Costs. 

(a) Eurodollar 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); 
 (ii) subject any
Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of
credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 
 (iii) 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), 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 the Issuing Bank determines that any Change in Law regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the 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 the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing
Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with
respect to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such
Lender’s or the Issuing Bank’s holding company for any such reduction suffered; provided, however, no Lender or Issuing Bank shall claim, or be entitled to claim, from the Borrower the payment of any amount referred to in
this Section 5.01(b) if it is not generally claiming similar compensation from other similar customers in similar circumstances. 

  
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 (c) Certificates. A certificate of a Lender or the Issuing Bank setting forth the
amount or amounts necessary to compensate such Lender or the 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 the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Effect of Failure or Delay in Requesting Compensation. Failure or delay on the part of any Lender or the Issuing Bank to demand
compensation pursuant to this Section 5.01 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to
compensate a Lender or the 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 the 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 the 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, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto, (d) an increase in the Aggregate Maximum Credit Amounts pursuant to Section 2.06(c) on a
day other than the last day of the Interest Period in respect of outstanding Eurodollar Borrowings or (e) 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(b), then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. 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 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 days after receipt thereof. 
 Section 5.03 Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Credit Party under any Loan Document shall
be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance
with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Credit Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings
applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

  
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 (b) Payment of Other Taxes by the Borrower. The Credit Parties shall pay to the
relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Indemnification by the Borrower. The Credit Parties shall jointly and severally indemnify each Recipient, within 10 days after the
Borrower’s receipt of written demand therefor and certificate hereinafter provided for, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 5.03) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether
or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate of the Administrative Agent, a Lender or the Issuing Bank as to the amount of such payment or liability under this
Section 5.03 shall be delivered to the Borrower and shall be conclusive absent manifest error. 
 (d)
Indemnification by the Lenders. Each Lender shall severally indemnify the 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 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 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 Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the 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 Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (d). 

(e) Evidence of Payments. As soon as practicable after any payment of Taxes by a Credit Party to a Governmental Authority pursuant to
this Section 5.03, the Borrower shall deliver to the 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 Administrative Agent. 
 (f) 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 Administrative Agent, at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by
applicable law or reasonably requested by the Borrower or the 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 Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or

  
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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(f)(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 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 Administrative Agent), executed originals of IRS Form W-9 (or any
successor form) 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 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 at the time or times upon the reasonable request of the Borrower or the 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 or W-8BEN-E (or any
successor form), as applicable, 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 or W-8BEN-E (or any successor form), as applicable, 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 (or any successor form); 

(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 within the meaning of Section 871(h)(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 W-8BEN-E (or any successor form), as applicable; or

 (4) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY (or any successor form), accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN (or any successor form), IRS
Form W-8BEN-E (or any successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or
Exhibit H-3, IRS Form W-9 (or any successor form), 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; 

  
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 (C) any Foreign Lender shall, to the extent it is legally entitled to do
so, deliver to the Borrower and the 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
at the time or times prescribed by applicable law or upon the reasonable request of the Borrower or the 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 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
Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the 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 Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their respective
obligations under FATCA, 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. 
 (iii) On or before the date that BMO (and any successor or
replacement Administrative Agent) becomes the Administrative Agent hereunder, it shall deliver to the Borrower two duly executed originals of either (A) IRS Form W-9 (or any successor form) or (B) a
U.S. branch withholding certificate on IRS Form W-8IMY (or any successor form) evidencing its agreement with the Borrower to be treated as a U.S. Person (with respect to amounts received on account of any
Lender) and IRS Form W-8ECI (or any successor form) (with respect to amounts received on its own account), with the effect that, in any case, the Borrower will be entitled to make payments hereunder to the
Administrative Agent without withholding or deduction on account of U.S. federal withholding Tax. 
 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 Administrative Agent in writing of its legal inability to do so. 

(g) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section 5.03 (including by the payment of additional amounts pursuant to this Section 5.03), it shall pay to the
indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 5.03 with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 5.03(g) (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay 

  
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such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 5.03(g), in no event will the indemnified party be required to pay
any amount to an indemnifying party pursuant to this Section 5.03(g) the payment of which would place the indemnified party in a less favorable net after-Tax position than the
indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
been paid. This Section 5.03(g) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party
or any other Person. 
 (h) Defined Terms. For purposes of this Section 5.03, the term “Lender”
includes any Issuing Bank and the term “applicable law” includes FATCA. 
 Section 5.04 Mitigation Obligations;
Replacement of Lenders. 
 (a) Designation of Different Lending Office. If (i) any Lender requests compensation under
Section 5.01, (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
gives a notice pursuant to Section 5.05, 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 (1) would eliminate or reduce amounts payable pursuant to Section 5.01 or
Section 5.03, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 5.05, as applicable, and (2) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) Replacement of Lenders. If (i) any Lender (A) requests compensation under Section 5.01 or gives
a notice pursuant to Section 5.05, and in each case does not designate a different lending office or make an assignment as contemplated in Section 5.04(a), or (B) is unable to provide or
maintain Eurodollar Loans as set forth in Section 3.03, (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, (iii) any Lender becomes a Defaulting Lender hereunder, or (iv) if any Lender is a Dissenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the
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 assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the prior written consent of the Administrative
Agent, which consent shall not unreasonably be withheld or delayed, (ii) 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 (iii) 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. 

  
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 Section 5.05 Illegality. Notwithstanding any other provision of this Agreement,
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 (a) such Lender shall
promptly notify the Borrower and the 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 (b) 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 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. 
 ARTICLE VI 

CONDITIONS PRECEDENT 

Section 6.01 Effective Date. The obligations of the Lenders to effectuate this Agreement and to make Loans hereunder, and of the
Issuing Bank to issue Letters of Credit hereunder, 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 Administrative Agent, the Arrangers and the Lenders shall have received all fees and amounts agreed in writing and due and payable to
each of them on or prior to the Effective Date, and, to the extent invoiced at least two Business Days prior to the Effective Date, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. 

(b) The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower and each Guarantor
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 it is a party and to enter into the
transactions contemplated in those documents, (ii) the officers of the Borrower or such Guarantor (y) who are authorized to sign the Loan Documents to which the Borrower or such Guarantor is a party and (z) who will, until replaced by
another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby,
(iii) specimen signatures of such authorized officers, and (iv) the articles or certificate of incorporation and bylaws (or comparable organizational documents for any Credit Parties that are not corporations) of the Borrower and such
Guarantor, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary. 

(c) The Administrative Agent shall have received certificates of the appropriate State agencies with respect to the existence, qualification
and good standing of the Borrower and each Guarantor, in each case, in their respective jurisdiction of organization and in any other jurisdiction in which they own material Property. 

(d) The Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative
Agent) of this Agreement signed on behalf of such party. 

  
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 (e) The Administrative Agent shall have received duly executed Notes payable to each Lender
requesting a Note in a principal amount equal to its Maximum Credit Amount dated as of the date hereof. 
 (f) Subject to
Section 8.17, the Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on
Exhibit E, including mortgages or amendments to existing mortgages such that the Administrative Agent shall be satisfied that such Security Instruments create first priority, perfected Liens (subject only to Excepted Liens identified in
clauses (a) to (d), (f), (i) and (j) of the definition thereof, but subject to the provisos at the end of such definition) on at least 85% of the total value of the Proved Reserves of the Borrower and its
Restricted Subsidiaries evaluated in the Initial Reserve Report. 
 (g) Subject to Section 8.17, the
Administrative Agent shall have received title information as the Administrative Agent may require satisfactory to the Administrative Agent setting forth the status of title to at least 85% of the value of the Proved Reserves of the Borrower and its
Restricted Subsidiaries evaluated in the Initial Reserve Report. 
 (h) The Administrative Agent shall have received the Initial Reserve
Report accompanied by a certificate covering the matters described in Section 8.12(c). 
 (i) The Administrative
Agent shall have received an opinion of Baker Botts LLP, special counsel to the Borrower, in form and substance reasonably acceptable to the Administrative Agent. 

(j) The Administrative Agent shall have received, and satisfactorily completed its review of, all due diligence information regarding the
Credit Parties as it shall have requested including, without limitation, information regarding litigation, tax matters, accounting matters, insurance matters, labor matters, pension liabilities (actual or contingent), real estate leases, material
contracts, debt agreements, property ownership, contingent liabilities and other legal matters of the Borrower and its Subsidiaries. 
 (k)
The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying that the Borrower has received all consents and approvals required by Section 7.03. 

(l) The Administrative Agent shall have received the financial statements referred to in Section 7.04(a). 

(m) The Administrative Agent shall have received appropriate UCC search certificates reflecting no prior Liens encumbering the Properties of
the Borrower and its Restricted Subsidiaries (other than those being assigned, continued or released on or prior to the Effective Date or Liens permitted by Section 9.03) for each jurisdiction reasonably requested by the
Administrative Agent. 
 (n) (i) To the extent requested at least two Business Days prior to the Effective Date, the Administrative
Agent shall have received from the Credit Parties, to the extent requested by the Lenders or the Administrative Agent, all documentation and other information required by regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including the USA Patriot Act and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, at least five days prior to the Effective
Date, any Lender that has requested, in a written notice to the Borrower at least 10 days prior to the Effective Date, a Beneficial Ownership Certification in relation to the Borrower shall have received such Beneficial Ownership Certification. 

  
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 (o) The Administrative Agent shall have received a certificate of a Responsible Officer of
the Borrower certifying that attached thereto is (i) a copy of the certificate of merger with respect to the Merger filed with the Secretary of State of the State of Delaware and (ii) an executed copy of the Merger Agreement, together with
all schedules, annexes and exhibits thereto, certified as complete and correct by a Responsible Officer of the Borrower. The Merger shall have been (or, substantially concurrently with the Effective Date, shall be) consummated in all material
respects in accordance with the terms of the Merger Agreement. The Merger Agreement shall not have been amended or modified in any respect, or any provision or condition therein waived, or any consent granted thereunder, by any Credit Party, if such
amendment, modification, waiver or consent would be material and adverse to the interests of the Lenders (in their capacities as such) without the Administrative Agent’s prior written consent (such consent not to be unreasonably withheld,
delayed or conditioned). 
 (p) The Administrative Agent shall have received such other documents as the Administrative Agent may reasonably
request at least two (2) Business Days prior to the Effective Date. 
 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 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 its Restricted
Subsidiaries shall be in form and substance reasonably satisfactory to the Administrative Agent. The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.
Notwithstanding the foregoing, the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to
Section 12.02) at or prior to 2:00 p.m., New York City time, on May 31, 2019 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). 

Section 6.02 Each Credit Event. Other than with respect to any deemed Loan or Letter of credit as set forth in
Section 2.02(e), the obligation of each Lender to make a Loan on the occasion of any Borrowing (including the initial funding), and of the 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 or Borrowing Base Deficiency shall have occurred and be continuing. 

(b) 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. 

  
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 (c) The receipt by the 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 request for a Borrowing and each request for the 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) and (b). 

ARTICLE VII 

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 corporate or equivalent 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 have such power, authority, licenses, authorizations,
consents, approvals and qualifications could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.02
Authority; Enforceability. The Transactions are within the Borrower’s and each Guarantor’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, stockholder action
(including, without limitation, any action required to be taken by any class of directors of the Borrower or any other Person, whether interested or disinterested, in order to ensure the due authorization of the Transactions). Each Loan Document to
which the Borrower and each Guarantor is a party has been duly executed and delivered by the Borrower and such Guarantor and constitutes a legal, valid and binding obligation of the Borrower and such Guarantor, as applicable, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, 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. 
 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 (including shareholders or any class of directors, whether interested or disinterested, of the Borrower or any other Person) to be
obtained or made by the Borrower or any Guarantor, nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan Document against the Borrower or any Guarantor, as the case may be,
or the consummation of the transactions by the Borrower or any Guarantor 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 as
required by this Agreement and (ii) those third party approvals or consents which, if not made or obtained, would not cause a Default hereunder, could not reasonably be expected to have a Material Adverse Effect or do not have an adverse effect
on the enforceability of the Loan Documents, (b) will not violate any law or regulation applicable to, or the charter, bylaws or other organizational documents of, the Borrower or any Restricted Subsidiary or any order of any Governmental
Authority applicable to the Borrower or any Restricted Subsidiary, (c) will not result in a breach of, or default under, any indenture, financing agreement or other material instrument binding upon the Borrower or any Restricted Subsidiary or
any of their Proved Reserves or other material Properties (including, without limitation, any Permitted Unsecured Debt Document), or give rise to a right thereunder to require any payment to be made by the Borrower or such Restricted Subsidiary and
(d) will not result in the creation or imposition of any Lien on any Property of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan Documents). 

  
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 Section 7.04 Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished to the Lenders (i) its audited balance sheet and related statements of income or operations,
stockholders equity and cash flows as of and for the fiscal year ended December 31, 2017, reported on by Grant Thornton LLP (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 financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and its Consolidated Subsidiaries as of such date and for such period in
accordance with GAAP consistently applied, (ii) the audited consolidated financial statements of Blue Ridge and its consolidated subsidiaries for the fiscal year ended December 31, 2017 reported on by BDO USA, LLP (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 financial statements present fairly in all material respects the financial condition and results of
operations of Blue Ridge and its consolidated subsidiaries as of such date and for such period in accordance with GAAP consistently applied, (iii) the unaudited consolidated quarterly financial statements of each of the Borrower and its
Consolidated Subsidiaries, and Blue Ridge and its consolidated subsidiaries for the fiscal quarter ended September 30, 2018, (iv) the unaudited pro forma financial statements of combined operations of the Borrower and its Consolidated
Subsidiaries and Blue Ridge and its consolidated subsidiaries for the fiscal year ended December 31, 2017, as if the Merger had been consummated on January 1, 2017, (v) the unaudited pro forma statement of combined operations of the
Borrower and its Consolidated Subsidiaries and Blue Ridge and its consolidated subsidiaries for the six months ended September 30, 2018, as if the Merger had been consummated on January 1, 2017 and (vi) the unaudited pro forma
condensed combined balance sheet of the Borrower and its Consolidated Subsidiaries and Blue Ridge and its consolidated subsidiaries as of September 30 2018, as if the Merger had been consummated on September 30, 2018. Such financial
statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its Consolidated Subsidiaries (or Blue Ridge and its consolidated subsidiaries, as the case may be) as of such
dates and for such periods in accordance with GAAP, subject to year-end audit adjustments, reclassifications and the absence of footnotes in the case of the unaudited quarterly financial statements. 

(b) Since December 31, 2017, there has been no event, development or circumstance that has had or could reasonably be expected to have a
Material Adverse Effect. No event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect is disclosed in the Borrower’s consolidated audited balance sheet and related statements of income or
operations, stockholders equity and cash flows for the fiscal year ended December 31, 2017. No event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect is disclosed in the unaudited pro
forma financial statements of combined operations of the Borrower and its Consolidated Subsidiaries and Blue Ridge and its consolidated subsidiaries for the fiscal year ended December 31, 2017, as if the Merger had been consummated on
January 1, 2017. 
 (c) On the date hereof, neither the Borrower nor any Restricted Subsidiary has any material Debt (including
Disqualified Capital Stock) or contingent liabilities, off-balance sheet liabilities or partnerships, liabilities for taxes, unusual forward or long-term commitments or unrealized or anticipated losses from
any unfavorable commitments, except as referred to or reflected or provided for in the Financial Statements. 

  
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 Section 7.05 Litigation. 

(a) Except as set forth on Schedule 7.05, 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 in writing against the Borrower or any Restricted Subsidiary (i) not fully covered by insurance (except for normal deductibles), which if adversely
determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, or (ii) that challenge the validity or enforceability of any Loan Document or any provisions thereof or the Transactions. 

(b) Since the date of this Agreement, there has been no change in the status of the matters disclosed in Schedule 7.05 that,
individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

Section 7.06 Environmental Matters. Except for such matters as set forth on Schedule 7.06 or that, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect: 
 (a) the Borrower and its Subsidiaries and each of their
respective Properties and operations thereon are, and within all applicable statute of limitation periods have been, in compliance with all applicable Environmental Laws; 

(b) the Borrower and its Subsidiaries have obtained all Environmental Permits required for their respective operations as currently conducted
and each of their Properties, with all such Environmental Permits being currently in full force and effect, and none of the Borrower or its Subsidiaries has received any written notice or otherwise has knowledge that any such existing Environmental
Permit will be revoked or that any application for any new Environmental Permit or renewal of any existing Environmental Permit will be protested or denied; 

(c) there are no written claims or demands, suits, orders, inquiries, or proceedings concerning any violation of, or any liability (including
as a potentially responsible party) under, any applicable Environmental Laws that is pending or, to the Borrower’s knowledge, threatened against the Borrower or any Subsidiary or any of their respective Properties or as a result of any
operations at such Properties; 
 (d) none of the Properties of the Borrower or any Subsidiary contain or have contained any:
(i) underground storage tanks; (ii) asbestos-containing materials; (iii) landfills or dumps; (iv) hazardous waste management units as defined pursuant to RCRA or any comparable state law; or (v) sites on or nominated for the
National Priority List promulgated pursuant to CERCLA or any state remedial priority list promulgated or published pursuant to any comparable state law; 

(e) there has been no Release or threatened Release, of Hazardous Materials at, on, under or from the Borrower’s or any Subsidiary’s
Properties except in compliance with Environmental Laws, there are no investigations, remediations, abatements, removals, or monitorings of Hazardous Materials required under applicable Environmental Laws at such Properties and, to the knowledge of
the Borrower, none of such Properties are adversely affected by any Release or threatened Release of a Hazardous Material originating or emanating from any other real property; 

(f) neither the Borrower nor any Subsidiary has received any written notice asserting an alleged liability or obligation under any applicable
Environmental Laws with respect to the investigation, remediation, abatement, removal, or monitoring of any Hazardous Materials at, under, or released or threatened to be released from any real properties offsite the Borrower’s or any
Subsidiary’s Properties; 

  
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 (g) there has been no exposure of any Person or Property to any Hazardous Materials as a
result of or in connection with the operations and businesses of any of the Borrower’s or its Subsidiaries’ Properties that could reasonably be expected to form the basis for a claim for damages or compensation; and 

(h) the Borrower and its Subsidiaries have made available to the Lenders complete and correct copies of all environmental site assessment
reports, investigations, studies, analyses, and material correspondence on environmental matters (including matters relating to any alleged non-compliance with or liability under Environmental Laws) that are
in any of the Borrower’s or the Subsidiaries’ possession or control and or operations thereon. 
 Section 7.07 Compliance
with the Laws and Agreements; No Defaults. 
 (a) Each of the Borrower and each Subsidiary is in compliance with all Governmental
Requirements applicable to it or its Proved Reserves and other material Property and all agreements and other instruments binding upon it or such Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental
authorizations necessary for the ownership of such Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) Neither the Borrower nor any Restricted Subsidiary is in default nor has any event or circumstance occurred which, but for the expiration
of any applicable grace period or the giving of notice, or both, would constitute a default or would require the Borrower or a Restricted Subsidiary to Redeem or make any offer to Redeem under any indenture, note, credit agreement or instrument
pursuant to which any Material Indebtedness is outstanding or by which the Borrower or any Restricted Subsidiary or any of their Properties is bound. 

(c) No Default or Borrowing Base Deficiency has occurred and is continuing. 

Section 7.08 Investment Company Act. Neither the Borrower nor any Restricted Subsidiary is 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 (taking into account any applicable extensions available and permitted under applicable law) filed or caused to be filed all Tax returns and reports required to have been filed by it and has paid or caused to be
paid all Taxes 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 could not reasonably be expected to result in a Material Adverse Effect. The charges, accruals and reserves on the books of the Borrower and its Restricted
Subsidiaries in respect of Taxes and other governmental charges are, in the reasonable opinion of the Borrower, adequate. No Tax Lien (other than an Excepted Lien) has been filed with respect to the Properties of the Borrower and the Restricted
Subsidiaries and, to the knowledge of the Borrower, no written claim is being asserted by any Governmental Authority with respect to any material unpaid Tax that could give rise to any such Tax Lien. 

Section 7.10 ERISA. 

(a) The Borrower, its Subsidiaries and each ERISA Affiliate have complied in all material respects with ERISA and, where applicable, the Code
regarding each Plan. 

  
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 (b) Each Plan is, and has been, established and maintained in substantial compliance with
its terms, ERISA and, where applicable, the Code. 
 (c) Except as would not reasonably be expected to result in a Material Adverse Effect,
no ERISA Event has occurred or is reasonably expected to occur. 
 (d) Except as would not reasonably be expected to result in a Material
Adverse Effect, no act, omission or transaction has occurred which could result in imposition on the Borrower, any Subsidiary or any ERISA Affiliate (whether directly or indirectly) of (i) either a civil penalty assessed pursuant to subsections
(c), (i), (l) or (m) of section 502 of ERISA or a tax imposed pursuant to Chapter 43 of Subtitle D of the Code or (ii) breach of fiduciary duty liability damages under section 409 of ERISA. 

(e) Full payment when due has been made of all amounts which the Borrower, its Subsidiaries or any ERISA Affiliate is required under the terms
of each Plan or applicable law to have paid as contributions to such Plan as of the date hereof. 
 Section 7.11 Disclosure; No
Material Misstatements. 
 (a) The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and
corporate or other restrictions to which it or any of its Restricted Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the
other reports, financial statements, certificates or other information furnished by or on behalf of the Borrower or any Restricted Subsidiary to the Administrative Agent or any Lender or any of their Affiliates in connection with the negotiation of
this Agreement or any other Loan Document or delivered hereunder or under any other Loan Document (as modified or supplemented by other information so furnished) 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 misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time. There are no statements or conclusions in any Reserve Report which are based upon or include misleading information or fail to take into account material
information regarding the matters reported therein, it being understood that 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 its Restricted Subsidiaries do not warrant that such opinions, estimates and projections will ultimately prove to have been
accurate. 
 (b) As of the Effective Date, to the best knowledge of the Borrower, the information included in the Beneficial Ownership
Certification, if any, provided on or prior to the Effective Date to any Lender in connection with this Agreement is true and correct in all respects. 

Section 7.12 Insurance. The Borrower has, and has caused all of its Restricted Subsidiaries to have, (a) all insurance
policies sufficient for the compliance by each of them with all material Governmental Requirements and all material agreements and (b) insurance coverage in at least amounts and against such risk (including, without limitation, public
liability) that are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of the Borrower and its Restricted Subsidiaries. The Administrative Agent and the Lenders have
been named as additional insureds in respect of such liability insurance policies and the Administrative Agent has been named as loss payee with respect to Property loss insurance. 

  
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 Section 7.13 Restriction on Liens. Neither the Borrower nor any of its
Restricted Subsidiaries is a party to any material agreement or arrangement (other than agreements creating Liens permitted by Section 9.03(d)), or subject to any order, judgment, writ or decree, which either restricts or
purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties (other than any such Properties excluded from collateral herefor under the provisions of any Loan
Document) to secure the Secured Obligations and the Loan Documents. 
 Section 7.14 Subsidiaries. Except as set forth on
Schedule 7.14 or as disclosed in writing to the Administrative Agent (which shall promptly furnish a copy to the Lenders), which shall be a supplement to Schedule 7.14, the Borrower has no Subsidiaries and the Borrower has no Foreign
Subsidiaries. Each Restricted Subsidiary on such schedule is a Wholly-Owned Subsidiary. Schedule 7.14 identifies each Subsidiary as either a Restricted Subsidiary or an Unrestricted Subsidiary. 

Section 7.15 Location of Business and Offices. The Borrower’s jurisdiction of organization is the State of Delaware; the name
of the Borrower as listed in the public records of its jurisdiction of organization is Montage Resources Corporation; and the organizational identification number of the Borrower in its jurisdiction of organization is 5482186 (or, in each case, as
set forth in a notice delivered to the Administrative Agent pursuant to Section 8.01(j) in accordance with Section 12.01). The Borrower’s principal place of business and chief executive
offices are located at the address specified in Section 12.01 (or as set forth in a notice delivered pursuant to Section 8.01(j) and Section 12.01(c)). 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 7.14 (or as set forth in a notice delivered pursuant to Section 8.01(j)). 

Section 7.16 Properties; Titles, Etc. 

(a) Subject to Immaterial Title Deficiencies, each of the Borrower and the Restricted Subsidiaries has good and defensible title to the Oil
and Gas Properties evaluated in the most recently delivered Reserve Report (except to the extent sold or transferred in a transaction not prohibited pursuant to this Agreement after the date of such Reserve Report) and good title to all its personal
Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.03. After giving full effect to Immaterial Title Deficiencies and Excepted Liens, 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 Report, and the ownership of such Properties shall not in any material respect obligate the Borrower or
such Restricted Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve
Report that is not offset by a corresponding proportionate increase in the Borrower’s or such Restricted Subsidiary’s net revenue interest in such Property. 

(b) All material leases and agreements necessary for the conduct of the business of the Borrower and its 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, which could reasonably be expected
to have a Material Adverse Effect. 
 (c) The rights and Properties presently owned, leased or licensed by the Borrower and its Restricted
Subsidiaries including, without limitation, all easements and rights of way, include all rights and Properties necessary to permit the Borrower and its 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. 

  
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 (d) All of the Properties of the Borrower and its Restricted Subsidiaries which are
reasonably necessary for the operation of their businesses are in good working condition, ordinary wear and tear excepted, and are maintained in accordance with prudent business standards for companies engaged in the business of oil and gas
exploration and production. 
 (e) The Borrower and each Restricted Subsidiary owns, or is licensed to use, 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, except for any such infringements that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower and its Restricted Subsidiaries either own or have valid licenses or other rights to use all databases, geological data,
geophysical data, engineering data, seismic data, maps, interpretations and other technical information used in 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, with such exceptions as could not reasonably be expected to have a Material Adverse Effect. 

Section 7.17 Maintenance of Properties. Except for such acts or failures to act as could not be reasonably expected to have a
Material Adverse Effect, the Oil and Gas Properties (and Properties unitized therewith) of the Borrower and its Restricted Subsidiaries have been maintained, operated and developed in a good and workmanlike manner and in conformity with all
Governmental Requirements and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Hydrocarbon Interests and other contracts and agreements forming a part of the Oil and Gas Properties of the
Borrower and its Restricted Subsidiaries. Specifically in connection with the foregoing, except for those as could not be reasonably expected to have a Material Adverse Effect, (i) no Oil and Gas Property of the Borrower or any Restricted
Subsidiary is subject to having allowable production reduced below the full and regular allowable (including the maximum permissible tolerance) because of any overproduction (whether or not the same was permissible at the time) and (ii) none of
the producing Wells comprising a part of the Oil and Gas Properties (or Properties unitized therewith) of the Borrower or any Restricted Subsidiary is deviated from the vertical more than the maximum permitted by Governmental Requirements, and such
Wells are, in fact, bottomed under and are producing from the Oil and Gas Properties (or in the case of Wells located on Properties unitized therewith, such unitized Properties) of the Borrower or such Restricted Subsidiary. All pipelines, Wells,
gas processing plants, platforms and other material improvements, fixtures and equipment owned or controlled by the Borrower or any of its Restricted Subsidiaries that are necessary to conduct normal operations are being maintained in a state
adequate to conduct normal operations, and with respect to such of the foregoing which are operated by the Borrower or any of its Restricted Subsidiaries, in a manner consistent with the Borrower’s or its Restricted Subsidiaries’ past
practices (other than those the failure of which to maintain in accordance with this Section 7.17 could not reasonably be expected to have a Material Adverse Effect). 

Section 7.18 Gas Imbalances, Prepayments. Except as set forth on Schedule 7.18 or on the most recent certificate delivered
pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require the Borrower or any of its Restricted Subsidiaries to deliver Hydrocarbons produced from their
Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding one-half bcf of gas (on an mcf equivalent basis) in the aggregate. 

  
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 Section 7.19 Marketing of Production. Except for contracts listed and in effect
on the date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts the Borrower represents that it or
its Restricted Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject
Property’s delivery capacity), no material agreements exist which are not cancelable on 60 days’ notice or less without penalty or detriment for the sale of production from the Borrower’s or its Restricted Subsidiaries’
Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or
expiry date of longer than six (6) months from the date hereof. 
 Section 7.20 Swap Agreements and Eligible Contract
Participant. Schedule 7.20, as of the date hereof, and after the date hereof, each report required to be delivered by the Borrower pursuant to Section 8.01(d), sets forth, a true and complete list of all Swap
Agreements of the Borrower and each Restricted Subsidiary, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), all credit support agreements (other than the Security Instruments)
relating thereto (including any margin required or supplied thereunder) and the counterparty to each such agreement. The Borrower is a Qualified ECP Guarantor. 

Section 7.21 Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to provide
working capital for exploration and production operations, for acquisitions of Oil and Gas Properties permitted hereunder, to consummate the Merger in accordance with the terms of the Merger Agreement and for general corporate, partnership or
equivalent purpose, including to refinance Debt of the Borrower under the Existing Credit Agreement. 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 7.22 Solvency. Immediately 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 on a consolidated basis will exceed the aggregate Debt of the Borrower and the Guarantors on a consolidated basis, as the Debt becomes absolute and matures, (b) the Borrower and the Guarantors, taken as a whole, will
not have incurred or intended to incur, and will not believe that they will incur, Debt beyond their ability to pay such Debt (after taking into account the timing and amounts of cash to be received by the Borrower and the Guarantors and the amounts
to be payable on or in respect of their 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) the
Borrower and the Guarantors, taken as a whole, will not have (and will have no reason to believe that they will have thereafter) unreasonably small capital for the conduct of the business in which they are engaged as such business is conducted as of
the Effective Date and is proposed to be conducted after the Effective Date. 
 Section 7.23 Anti-Corruption Laws and Sanctions.
The Borrower and its Subsidiaries have implemented and maintain in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (in their capacity as
agent for the Borrower or its Subsidiaries) with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and directors and to the knowledge of the

  
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Borrower its employees and agents (in their capacity as agent for the Borrower or its Subsidiaries), are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects.
None of (a) the Borrower, any Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or
benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law or applicable Sanctions. 

ARTICLE VIII 

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 Administrative Agent and each Lender: 

(a) Annual Financial Statements. As soon as available, but in any event not later than ninety (90) days after the end of each
fiscal year of the Borrower commencing with the fiscal year ending December 31, 2018 (or shorter period if as provided for by applicable law), audited consolidated balance sheet and related statements of income or operations, stockholders’
equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Grant Thornton 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 as of such fiscal year end on a consolidated basis in accordance with GAAP, applied on a basis consistent with the Financial Statements
except for changes in which the Borrower’s independent public accountants concur and which are disclosed to the Administrative Agent concurrently with the delivery of the financial statements required to be delivered pursuant to this
Section 8.01(a). 
 (b) Quarterly Financial Statements. As soon as available, but in any event not later
than sixty (60) days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower commencing with the fiscal quarter ending March 31, 2019 (or shorter period if as provided for by applicable law), its
consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the 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 applied on a basis consistent with the Financial Statements except for changes in which the Borrower’s
independent public accountants concur and which are disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered pursuant to this Section 8.01(b), subject to normal year-end audit adjustments, reclassifications and the absence of footnotes. 

  
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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 in substantially the form of Exhibit D hereto (i) certifying as to whether a
Default exists and, if a Default exists, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations of the then-applicable financial ratios set forth in
Section 9.01 and (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of (A) until the audited financial statements referred to in
Section 8.01(a) are initially delivered pursuant to such Section, the Financial Statements, and (B) with respect to audited financial statements delivered after the date hereof pursuant to
Section 8.01(a), the most recently prepared audited financial statements delivered pursuant to Section 8.01(a) and, if any such change has occurred, specifying the effect of such change on the
financial statements accompanying such certificate. 
 (d) Certificate of Financial Officer—Swap Agreements. Concurrently with
the delivery of each Reserve Report hereunder, a certificate of a Financial Officer, in form and substance reasonably satisfactory to the Administrative Agent, setting forth as of a recent date a true and complete list of all Swap Agreements of the
Borrower and each Restricted Subsidiary which are in effect on such date, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), any new credit support agreements relating thereto not
listed on Schedule 7.20, any margin required or supplied under any credit support document, and the counterparty to each such agreement and, if the Borrower has elected to be governed by the percentage limitations set forth in clause
(C) of Section 9.18(a)(i) for any part of the Specified Period, projections of production of crude oil, natural gas and natural gas liquids from the Borrower’s and its Restricted Subsidiaries’ Oil and Gas
Properties, calculated separately, by a Financial Officer of the Borrower for each month during the Specified Period. 
 (e) Certificate
of Insurer—Insurance Coverage. Concurrently with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by
Section 8.07, in form and substance customarily obtained from, and provided by, insurers or their agents for these purposes, and, if reasonably requested by the Administrative Agent or any Lender, all copies of the
applicable policies. 
 (f) Other Accounting Reports. Promptly upon receipt thereof, a copy of each other report or letter submitted
to the Borrower or any of its Restricted Subsidiaries by independent accountants in connection with any annual, interim or special audit made by them of the books of the Borrower or any such Restricted Subsidiary which results in, or could
reasonably be expected to result in, a Material Adverse Effect, and a copy of any response by the Borrower or any such Restricted Subsidiary, or the board of directors (or comparable governing body) of the Borrower or any such Restricted Subsidiary,
to such letter or report. 
 (g) Notices Under Material Instruments. Promptly after the furnishing thereof, copies of any financial
statement, report or notice furnished to or by the Borrower or any Restricted Subsidiary pursuant to the terms of any preferred stock designation, indenture (other than the 2015 Indenture), loan or credit or other similar agreement to which any of
them is a party, other than any Loan Document and not otherwise required to be furnished to the Lenders pursuant to any other provision of this Section 8.01. 

(h) Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign
or otherwise dispose of any Proved Reserves or any Equity Interests in any Restricted Subsidiary in accordance with Section 9.12, reasonable prior written notice (and in any event not less than five Business Days’
prior notice or such shorter period of time as determined by the Administrative Agent in its sole discretion) of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative
Agent or any Lender. 

  
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 (i) Notice of Casualty Events. Prompt written notice, and in any event within three
Business Days, after the occurrence of any Casualty Event or the commencement of any action or proceeding of which the Borrower has knowledge and that could reasonably be expected to result in a Casualty Event. 

(j) Information Regarding the Borrower and Guarantors. Prompt written notice (and in any event within thirty (30) days prior
thereto or such shorter period as agreed by the Administrative Agent and the Borrower which permits the Administrative Agent to take timely any applicable required steps or action) of any change (i) in the Borrower or any Guarantor’s
corporate name, (ii) in the location of the Borrower or any Guarantor’s chief executive office or principal place of business, (iii) in the Borrower or any Guarantor’s identity or corporate structure or in the jurisdiction in
which such Person is incorporated or formed, (iv) in the Borrower or any Guarantor’s jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of organization, and (v) in the Borrower
or any Guarantor’s federal taxpayer identification number. 
 (k) Notices of Certain Changes. Promptly, but in any event within
five (5) Business Days after the execution thereof, copies of any amendment, modification or supplement to the certificate or articles of incorporation, bylaws, certificate or articles of organization, regulations, any preferred stock
designation or any other governance document of the Borrower or any Guarantor. 
 (l) Certificate of Financial Officer—Consolidating
Information. If, at any time, the Borrower has designated as an Unrestricted Subsidiary any of its Subsidiaries that is not an Immaterial Subsidiary (or that, taken together with all other Unrestricted Subsidiaries), then concurrently with any
delivery of financial statements under Section 8.01(a) or Section 8.01(b), a certificate of a Financial Officer setting forth consolidating spreadsheets that show the financial condition and
results of such Unrestricted Subsidiaries of the Borrower in such form as would be presentable to the auditors of the Borrower. 
 (m)
Permitted Unsecured Debt. Promptly, but in any event within five (5) Business Days after (i) such delivery, copies of any financial report (other than any reports that are substantially similar to those required by this Agreement)
or notice required to be delivered to any holder of Permitted Unsecured Debt, pursuant to the Permitted Unsecured Debt Documents, which report or notice has not been delivered to the Lenders hereunder or (ii) receipt by the Borrower, copies of
any notice of default or notice requiring repurchase, in whole or in part, of any notes issued under any Permitted Unsecured Debt Document, sent by any holder of Permitted Unsecured Debt pursuant to the terms of any Permitted Unsecured Debt
Document. 
 (n) SEC and Other Filings; Reports to Shareholders. Promptly after the same become publicly available, copies of all
periodic and other reports, proxy statements and other materials filed by the Borrower or any Subsidiary with the SEC, or with any national securities exchange, or distributed by the Borrower to its shareholders generally, as the case may be. 

(o) Other Requested Information. Promptly following any request therefor, (i) such other information regarding the operations,
business affairs and financial condition of the Borrower or any Subsidiary (including, without limitation, any Plan and any reports or other information required to be filed with respect thereto under the Code or under ERISA), or compliance with the
terms of this Agreement or any other Loan Document, as the Administrative Agent or any Lender may reasonably request and (ii) information and documentation reasonably requested by the Administrative Agent or any Lender necessary to comply with
applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act and the Beneficial Ownership Regulation. 

  
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 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 such materials are publicly available as posted by or at the Borrower’s direction on the Electronic Data Gathering, Analysis and Retrieval
system (EDGAR) or any successor system; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether the
Borrower’s website or any other commercial, third-party website or whether made available by the Administrative Agent); provided, that the Borrower shall notify the Administrative Agent (by telecopier or electronic mail) of the posting
of any such documents. Each Lender shall be solely responsible for timely accessing posted documents. 
 Section 8.02 Notices of
Material Events. The Borrower will furnish to the Administrative Agent and each Lender prompt (and in any event within five (5) Business Days after the Borrower’s knowledge of the occurrence thereof) 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 Restricted Subsidiary 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, could reasonably be expected to result in liability in excess of the Threshold Amount, not fully covered by insurance, subject to normal deductibles; 

(c) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect; and 

(d) any change in the information provided in the Beneficial Ownership Certification delivered to such Lender that would result in a change to
the list of beneficial owners identified in such certification. 
 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 the businesses of each of the Borrower and the Restricted
Subsidiaries 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 its Properties requires such qualification, except where the failure to so
qualify could not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation, dissolution or other transaction permitted under
Section 9.11 or Section 9.12. 
 Section 8.04 Payment of Obligations. The
Borrower will, and will cause each Restricted Subsidiary to, pay its obligations, including Tax liabilities of the Borrower and all of its Restricted Subsidiaries, before the same shall become delinquent or in default, except where (a) the
validity or amount thereof is being contested in good faith by appropriate proceedings and the Borrower or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP or (b) to the extent
that the failure to do so could not reasonably be expected to result in a Material Adverse Effect or result in the seizure or levy of any material Property of the Borrower or any Restricted Subsidiary. 

  
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 Section 8.05 Performance of Obligations under Loan Documents. The Borrower will
pay the Notes according to the reading, tenor and effect thereof, and the Borrower will, and will cause each Restricted Subsidiary to, do and perform every act and discharge all of the obligations to be performed and discharged by them under the
Loan Documents, including, without limitation, this Agreement, at the time or times and in the manner specified. 
 Section 8.06
Operation and Maintenance of Properties. The Borrower will, and will cause each Restricted Subsidiary to: 
 (a) operate its Oil and
Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable
contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental
Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to so operate and
comply could not reasonably be expected to have a Material Adverse Effect; 
 (b) maintain and keep in good working order (ordinary wear and
tear excepted) all of its Proved Reserves and other Properties material to the conduct of its business, including, without limitation, all of such equipment, machinery and facilities; 

(c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties,
expenses and indebtedness accruing under the leases or other agreements that are material to the conduct of its business and affecting or pertaining to its Proved Reserves and will do all other things necessary to keep unimpaired their rights with
respect thereto and prevent any forfeiture thereof or default thereunder; 
 (d) promptly perform or make reasonable and customary efforts
to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its
Proved Reserves and other Properties that are material to the conduct of its business; and 
 (e) to the extent the Borrower is not the
operator of any Hydrocarbon Interests in which it owns an interest, the Borrower shall use commercially reasonable efforts to cause the operator to attempt to comply with this Section 8.06 in respect to such Hydrocarbon
Interests to the extent that the Borrower has knowledge that such operator is not doing so in all material respects. 
 Section 8.07
Insurance. The Borrower will, and will cause each Restricted Subsidiary to, maintain, with financially sound and reputable insurance companies, insurance (a) 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 and (b) in accordance with all Governmental Requirements. The loss payable clauses or provisions in said insurance policy or policies insuring any of
the collateral for the Loans shall be endorsed in favor of and made payable to the Administrative Agent as its interests may appear and such policies shall name the Administrative Agent and the Lenders as “additional insureds” and provide
that the insurer will endeavor to give at least thirty (30) days prior notice of any cancellation to the Administrative Agent. 

  
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 Section 8.08 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, in each case, to the extent required in
accordance with GAAP. The Borrower will, and will cause each Restricted Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its 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 and as often as reasonably requested (provided that if the Administrative
Agent, any Lender or their respective representatives conduct more than one (1) such inspection during any twelve-month period, any expenses incurred by the Administrative Agent, such Lender or their respective representatives for such
inspections (other than the first such inspection during such period by such Person) shall be borne by such Person if an Event of Default does not then exist), and in each case, except for such records and affairs that are subject to contractual
confidentiality restrictions or attorney-client privilege. 
 Section 8.09 Compliance with Laws. The Borrower will, and will
cause each Subsidiary to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (in their
capacity as agent for the Borrower or its Subsidiaries) with Anti-Corruption Laws and applicable Sanctions. 
 Section 8.10
Environmental Matters. 
 (a) The Borrower shall at its sole expense: (i) comply, and shall cause its Properties and operations
and each Subsidiary and each Subsidiary’s Properties and operations to comply, with all applicable Environmental Laws, the breach of which could be reasonably expected to have a Material Adverse Effect; (ii) not Release or threaten to
Release, and shall cause each Subsidiary not to Release or threaten to Release, any Hazardous Material on, under, about or from any of the Borrower’s or its Subsidiaries’ Properties or any other property offsite the Property to the extent
caused by the Borrower’s or any of its Subsidiaries’ operations except in compliance with applicable Environmental Laws, the Release or threatened Release of which could reasonably be expected to have a Material Adverse Effect;
(iii) timely obtain or file, and shall cause each Subsidiary to timely obtain or file, all Environmental Permits, if any, required under applicable Environmental Laws to be obtained or filed in connection with the operation or use of the
Borrower’s or its Subsidiaries’ Properties, which failure to obtain or file could reasonably be expected to have a Material Adverse Effect; (iv) promptly commence and diligently prosecute to completion, and shall cause each Subsidiary
to promptly commence and diligently prosecute to completion, any assessment, evaluation, investigation, monitoring, containment, cleanup, removal, repair, restoration, remediation or other remedial obligations (collectively, the “Remedial
Work”) in the event any Remedial Work is required under applicable Environmental Laws because of or in connection with the actual or suspected past, present or future Release or threatened Release of any Hazardous Material on, under, about
or from any of the Borrower’s or its Subsidiaries’ Properties, which failure to commence and diligently prosecute to completion could reasonably be expected to have a Material Adverse Effect; (v) conduct, and cause its Subsidiaries to
conduct, their respective operations and businesses in a manner that will not expose any Property or Person to Hazardous Materials that could reasonably be expected to form the basis for a claim for damages or compensation, which claim for damages
or compensation could reasonably be expected to result in a Material Adverse Effect; and (vi) establish and implement, and shall cause each Subsidiary to establish and implement, such procedures as may be necessary to continuously determine and
assure that the Borrower’s and its Subsidiaries’ obligations under this Section 8.10(a) are timely and fully satisfied, which failure to establish and implement could reasonably be expected to have a Material
Adverse Effect. 

  
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 (b) The Borrower will promptly, but in no event later than five (5) Business Days after
the Borrower obtains knowledge thereof, notify the Administrative Agent and the Lenders in writing of any written, threatened action, investigation or inquiry by any Governmental Authority or any written, threatened demand or lawsuit by any Person
against the Borrower or its Subsidiaries or their Properties of which the Borrower has knowledge in connection with any Environmental Laws if the Borrower could reasonably anticipate that such action will result in liability (whether individually or
in the aggregate) in excess of the Threshold Amount, not fully covered by insurance, subject to normal deductibles. 
 (c) The Borrower
will, and will cause each Subsidiary to, provide environmental assessments, audits and tests in accordance with the most current version of the American Society of Testing Materials standards upon the reasonable request by the Administrative Agent
and the Lenders and no more than once per year in the absence of any Event of Default (or as otherwise required to be obtained by the Administrative Agent or the Lenders by any Governmental Authority), in connection with any future acquisitions of
Oil and Gas Properties or other Properties. 
 Section 8.11 Further Assurances. 

(a) The Borrower will, and will cause each Restricted Subsidiary to, promptly execute and deliver to the Administrative Agent all such other
documents, agreements and instruments reasonably requested by the 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, including the Notes, or to further evidence and more fully describe the collateral intended as security for the Secured Obligations, or to correct any omissions in this Agreement or the Security Instruments, or to state
more fully the obligations secured therein, or to perfect, protect or preserve any Liens created pursuant to this Agreement or any of the 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 Administrative Agent, in connection therewith. 

(b) The Borrower hereby authorizes the Administrative Agent to file one or more financing or continuation statements, and amendments thereto,
relative to all or any part of the Mortgaged Property without the signature of the Borrower or any other Guarantor where permitted by law. A carbon, photographic or other reproduction of the Security Instruments or any financing statement covering
the Mortgaged Property or any part thereof shall be sufficient as a financing statement where permitted by law. The Borrower acknowledges and agrees that any such financing statement may describe the collateral as “all assets” of the
applicable Credit Party or words of similar effect as may be required by the Administrative Agent. 
 Section 8.12 Reserve
Reports. 
 (a) On or before March 1st and September 1st of each year, the Borrower shall furnish to the Administrative Agent and the
Lenders a Reserve Report evaluating the Oil and Gas Properties constituting Proved Reserves of the Borrower and its Restricted Subsidiaries as of the immediately preceding January 1st and July 1st that the Borrower desires to have included in the
calculation of the Borrowing Base. In addition, on or before any December 1st or June 1st, as applicable, immediately preceding any Optional Scheduled Redetermination Date, the Borrower shall furnish to the Administrative Agent and the Lenders a
Reserve Report evaluating the Oil and Gas Properties that constitute Proved Reserves of the Borrower and its Restricted Subsidiaries with an “as of” date that is three months prior to the applicable Optional Scheduled Redetermination Date
(or otherwise reasonably 

  
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acceptable to the Administrative Agent) that the Borrower desires to have included in the calculation of the Borrowing Base. The Reserve Report as of January 1 of each year shall be prepared
by one or more Approved Petroleum Engineers, and each other Reserve Report required hereunder shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all
material respects and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report. 

(b) In the event of an Interim Redetermination, the Borrower shall furnish to the Administrative Agent and the Lenders a Reserve Report
prepared by or under the supervision of the chief engineer of the Borrower or its Subsidiaries who shall certify such Reserve Report to be true and accurate in all material respects and to have been prepared in accordance with the procedures used in
the immediately preceding January 1 Reserve Report. For any Interim Redetermination requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower shall provide such Reserve Report with
an “as of” date as required by the Administrative Agent as soon as possible, but in any event no later than forty-five (45) days following the receipt of such request. 

(c) With the delivery of each Reserve Report, the Borrower shall provide to the Administrative Agent and the Lenders (i) a certificate
from a Responsible Officer certifying that in all material respects: (A) the information contained in the Reserve Report and any other information delivered in connection therewith is true and correct and is based on information prepared in
good faith based on assumptions believed to be reasonable at the time, (B) subject to Immaterial Title Deficiencies, the Borrower or its Restricted Subsidiaries owns good and defensible title to the Proved Reserves of the Borrower and its
Restricted Subsidiaries evaluated in such Reserve Report and such Properties are free of all Liens except for Excepted Liens and Liens securing the Secured Obligations, (C) 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 the volume specified in Section 7.18 with respect to its Oil and Gas Properties evaluated in such Reserve Report which would require the Borrower or
any Restricted Subsidiary 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, (D) none of their Oil and Gas Properties
constituting Proved Reserves have been sold since the date of the last Borrowing Base determination except as set forth on an exhibit to the certificate, which certificate shall list all of such Oil and Gas Properties sold and in such detail as
reasonably required by the Administrative Agent, (E) 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 Report which the Borrower
could reasonably be expected to have been obligated to list on Schedule 7.19 had such agreement been in effect on the date hereof and (F) attached thereto is a schedule of the Oil and Gas Properties evaluated by such Reserve Report that
are Mortgaged Properties and demonstrating the percentage of the total value of the Oil and Gas Properties evaluated in such Reserve Report that the value of such Mortgaged Properties represent in compliance with
Section 8.14(a), and (ii) a report setting forth, for each calendar month during the then current fiscal year to date, the volume of production and sales attributable to production (and the prices at which such sales
were made and the revenues derived from such sales) for each such calendar month from the Proved Reserves of the Borrower and its Restricted Subsidiaries, and setting forth the related ad valorem, severance and production taxes and lease operating
expenses attributable thereto and incurred for each such calendar month. In addition, the Borrower shall provide to the Administrative Agent a report referred to in the foregoing clause (ii) upon the reasonable request of the
Administrative Agent, provided that the Administrative Agent may not request such a report more than two times in any 12-month period. 

  
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 Section 8.13 Title Information. 

(a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by
Section 8.12(a), commencing with the Reserve Report required to be delivered on or prior to March 1, 2019, subject to Section 8.17, the Borrower will deliver title information in form and
substance reasonably requested by the Administrative Agent pursuant to generally accepted exploration and production industry considerations, and covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included
in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 85% of the value of the
Proved Reserves of the Borrower and its Restricted Subsidiaries evaluated by such Reserve Report. 
 (b) If the Borrower has provided title
information for additional Properties under Section 8.13(a), the Borrower shall, within 60 days after notice from the Administrative Agent that title defects or exceptions exist with respect to such additional Properties,
either (i) cure any such title defects or exceptions (including defects or exceptions as to priority) which are not permitted by Section 9.03 raised by such information, (ii) substitute acceptable Mortgaged
Properties with no title defects or exceptions except for Excepted Liens (other than Excepted Liens described in clauses (e), (g) and (h) of such definition) having an aggregate equivalent value or (iii) deliver title
information in form and substance reasonably requested by the Administrative Agent so that the Administrative Agent shall have received, together with title information previously delivered to the Administrative Agent, satisfactory title information
on at least 85% of the value of the Proved Reserves of the Borrower and its Restricted Subsidiaries evaluated by such Reserve Report. 
 (c)
If the Borrower is unable to cure any title defect requested by the Administrative Agent or the Lenders to be cured within the 60-day period or the Borrower does not comply with the requirements to provide
acceptable title information covering 85% of the value of the Proved Reserves of the Borrower and its Restricted Subsidiaries evaluated in the most recent Reserve Report, such default shall not be a Default, but instead the Administrative Agent
and/or the Majority Lenders 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
Administrative Agent or the Lenders: such unacceptable Mortgaged Property shall not count towards the 85% requirement, and the Administrative Agent may send a notice to the Borrower and the Lenders that the then outstanding Borrowing Base shall be
reduced by an amount as determined by the Required Lenders to cause the Borrower to be in compliance with the requirement to provide acceptable title information on 85% of the value of the Proved Reserves of the Borrower and its Restricted
Subsidiaries. This new Borrowing Base shall become effective immediately after receipt of such notice. 
 Section 8.14 Collateral
and Guaranty Agreements. 
 (a) In connection with each redetermination of the Borrowing Base, commencing with the first redetermination
occurring after the expiration of the time period set forth in Section 8.17, the Borrower shall review the Reserve Report and the list of current Mortgaged Properties (as described in Section 8.12(c)) to ascertain
whether the Mortgaged Properties represent at least 85% of the total value of the Proved Reserves of the Borrower and its Restricted Subsidiaries, as evaluated in the most recently completed Reserve Report after giving effect to exploration and
production activities, acquisitions, dispositions and production. In the event that the Mortgaged Properties do not represent at least such percentage of the total value of Proved Reserves as set forth in the foregoing sentence, then the Borrower
shall, or shall cause one or more of its Restricted Subsidiaries to, grant, within thirty (30) days of delivery of the certificate required under Section 8.12(c), to the Administrative Agent as security for the Secured
Obligations a first-priority Lien (provided that Excepted Liens of the type described in clauses (a) to (d) and (f) of the definition thereof may exist, but subject to the provisos at the end of such definition)
on additional Oil and Gas Properties of the Credit Parties which constitute Proved Reserves not already subject to a Lien of the Security Instruments such that after giving effect thereto, the Mortgaged Properties will represent at least 85% of the
total value of the Proved Reserves of the Borrower and its Restricted Subsidiaries in accordance with the first sentence of this Section 8.14(a). 

  
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 (b) In the event that (i) the Borrower creates or acquires any Domestic Subsidiary that
is not an Immaterial Subsidiary (or any Domestic Subsidiary that is currently an Immaterial Subsidiary ceases to be an Immaterial Subsidiary for any reason) or (ii) any Domestic Subsidiary incurs or guarantees any Debt (including, without
limitation, any Permitted Unsecured Debt), the Borrower shall promptly cause such Restricted Subsidiary to execute and deliver the Guarantee and Collateral Agreement (or a supplement thereto, as applicable) pursuant to which such Domestic Subsidiary
shall guarantee the Secured Obligations. In connection with any such guaranty, the Credit Party that owns the Equity Interests in any such new Domestic Subsidiary shall execute and deliver a Guarantee and Collateral Agreement (or a supplement
thereto, as applicable) pursuant to which such Credit Party will pledge all of its Equity Interests in such new Domestic Subsidiary to secure the Secured Obligations. In connection with the foregoing, the Credit Parties shall (i) deliver
original stock certificates, if any, evidencing the Equity Interests of such new Domestic Subsidiary, together with an appropriate undated stock powers for each certificate duly executed in blank by the registered owner thereof and (ii) execute
and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Administrative Agent. 

(c) Notwithstanding any provision in any of the Loan Documents to the contrary, no Building (as defined in the applicable Flood Insurance
Regulations) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulations) owned by any Credit Party included in the Mortgaged Property and no Building or Manufactured (Mobile) Home shall be encumbered by any Security
Instrument; provided, that (A) the applicable Credit Party’s interests in all lands and Hydrocarbons situated under any such Building or Manufactured (Mobile) Home shall, to the extent otherwise required hereunder, be included in
the Mortgaged Property and shall, to the extent otherwise required hereunder, be encumbered by the Security Instruments and (B) the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, permit to exist any Lien on any
Building or Manufactured (Mobile) Home except Excepted Liens or Liens of a similar nature. 
 (d) All Liens required to be created by
Section 8.14(a) 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, all in form and substance reasonably
satisfactory to the Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate) counterparts for recording purposes. In order to comply with the foregoing, if any Restricted Subsidiary grants a Lien on its Oil
and Gas Properties pursuant to Section 8.14(a) and such Restricted Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with Section 8.14(b). 

(e) The Borrower hereby guarantees the payment of all Secured Obligations of each Credit Party (other than the Borrower) and absolutely,
unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time to each Credit Party (other than the Borrower) in order for such Credit Party to honor its obligations under its respective
Guarantee and Collateral Agreement and other Security Instruments including obligations with respect to Swap Agreements (provided, however, that the Borrower shall only be liable under this Section 8.14(e) for
the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.14(e), or otherwise under this Agreement or any Loan Document, as it relates to such other Credit
Parties, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower under this Section 8.14(e) shall remain in full force and
effect until the Secured Obligations are Paid In Full In Cash. The Borrower intends that this Section 8.14(e) constitute, and this Section 8.14(e) shall be deemed to constitute, a “keepwell,
support, or other agreement” for the benefit of each Credit Party (other than the Borrower) for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

  
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 Section 8.15 ERISA. The Borrower will promptly furnish and will cause the
Subsidiaries and any ERISA Affiliate to promptly furnish to the Administrative Agent (a) promptly following any request therefor, copies of each annual and other report with respect to each Plan or any trust created thereunder filed with the
United Stated Department of Labor or the Internal Revenue Service, (b) promptly upon becoming aware of the occurrence of any non-exempt “prohibited transaction,” as described in section 406 of
ERISA or in section 4975 of the Code, in connection with any Plan or any trust created thereunder which can reasonably be expected to result in material liability, a written notice signed by the President or the principal Financial Officer, the
Subsidiary or the ERISA Affiliate, as the case may be, specifying the nature thereof, what action the Borrower, the Subsidiary or the ERISA Affiliate is taking or proposes to take with respect thereto, and, when known, any action taken or proposed
by the Internal Revenue Service or the Department of Labor with respect thereto and (c) promptly upon the closing of a transaction under which the Borrower, any of the Subsidiaries or an ERISA Affiliate acquires, or assumes an obligation to
contribute to, or permit any ERISA Affiliate to contribute to or assume an obligation to contribute to, (x) any employee welfare benefit plan, as defined in section 3(1) of ERISA, including, without limitation, any such plan maintained to
provide benefits to former employees of such entities, that may not be terminated by such entities in their sole discretion at any time without any material liability, or (y) any employee pension benefit plan, as defined in section 3(2) of
ERISA, that is subject to Title IV of ERISA, section 302 of ERISA or section 412 of the Code, a written notice signed by the President or the principal Financial Officer, the Subsidiary or the ERISA Affiliate, as the case may be, specifying the
nature of such transaction and details thereof as may be reasonably requested by the Administrative Agent. 
 Section 8.16
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) 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; 
 (c) will not permit any Unrestricted Subsidiary to hold any Equity
Interest in, or any Debt of, the Borrower or any Restricted Subsidiary; and 
 (d) will not permit any Unrestricted Subsidiary to have any
Debt other than Non-Recourse Debt. 
 Section 8.17 Post-Closing Obligations. As soon as
commercially reasonable following the Effective Date but in no event later than 90 days following the Effective Date (or such later date as may be agreed by the Administrative Agent in its sole discretion), the Credit Parties shall (a) deliver
title information with respect to the Oil and Gas Properties acquired by the Borrower or any Restricted Subsidiary in connection with the Merger and then owned, at the time of such delivery, by Blue Ridge or any of its subsidiaries, in each case to
the extent necessary to satisfy Section 8.13 (without giving effect to the requirements in Section 8.13 regarding timing of delivery), (b) grant to the Administrative Agent as security for the
Secured Obligations a first-priority Lien (provided that Excepted Liens of the type 

  
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described in clauses (a) to (d) and (f) of the definition thereof may exist, but subject to the provisos at the end of such definition) on additional Oil and Gas Properties of the
Credit Parties which constitute Proved Reserves not already subject to a Lien of the Security Instruments such that after giving effect thereto, the Mortgaged Properties will represent at least such percentage of the total value of Proved Reserves
of the Borrower and its Restricted Subsidiaries in accordance with the first sentence of Section 8.14(a), (c) in connection with the satisfaction of the Borrower’s obligation in the immediately foregoing clause
(b), deliver a customary opinion of local counsel in each applicable jurisdiction to be agreed by the Borrower and the Administrative Agent and (d) in connection with the satisfaction of the Borrower’s obligation in
Section 6.01(f), deliver a customary opinion of local counsel in each applicable jurisdiction to be agreed by the Borrower and the Administrative Agent. 

ARTICLE IX 
 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) Ratio of Consolidated Total Funded Net Debt to EBITDAX. The Borrower will not, as of the last day of any fiscal quarter, commencing
with the quarter ending March 31, 2019, permit its ratio of Consolidated Total Funded Net Debt as of such day to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination
for which financial statements are available to be greater than 4.00 to 1.00. 
 (b) Current Ratio. The Borrower will not permit, as
of the last day of any fiscal quarter ending on or after March 31, 2019, its ratio of (i) (A) consolidated current assets (excluding non-cash assets under ASC 815) plus (without
duplication) (B) 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)
to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and current maturities under this Agreement) to be less than 1.00 to 1.00. 

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 Obligations arising under the Loan Documents or any guaranty of or suretyship
arrangement for the Notes or other Secured Obligations arising under the Loan Documents; 
 (b) Debt of the Borrower and its Restricted
Subsidiaries existing on the date hereof that is reflected on Schedule 9.02 and any Permitted Refinancing Debt thereof; 
 (c)
contingent obligations as a non-operator under oil and gas operating agreements and contingent obligations under gas sale contracts for make-up volumes on sales of gas,
in each case incurred in the ordinary course of business; 

  
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 (d) (i) Debt under Capital Leases or that constitutes Purchase Money Indebtedness;
provided that such Debt shall not to exceed $15,000,000 in aggregate principal amount at any one time outstanding and (ii) any Permitted Refinancing Debt thereof; 

(e) (i) Debt incurred to finance the acquisition, construction or improvement of the Borrower’s corporate headquarters office
building; provided that such Debt shall not to exceed $10,000,000 in aggregate principal amount at any one time outstanding and (ii) any Permitted Refinancing Debt thereof; 

(f) Debt associated with bonds, letters of credit, surety or similar obligations incurred in the ordinary course of business in connection
with the operation of the Oil and Gas Properties; 
 (g) intercompany Debt between the Borrower and any Restricted Subsidiary or between
Restricted Subsidiaries to the extent permitted by Section 9.05; provided that such Debt is not held, assigned, transferred, negotiated or pledged to any Person other than the Borrower or one of its Wholly-Owned
Restricted Subsidiaries, and, provided further, that any such Debt owed by either the Borrower or a Guarantor shall be subordinated to the Secured Obligations on terms set forth in the Guarantee and Collateral Agreement. 

(h) endorsements of negotiable instruments for collection in the ordinary course of business; 

(i) Permitted 2015 Bond Debt and any Permitted Refinancing Debt thereof; 

(j) Permitted Unsecured Debt issued after the Effective Date in an aggregate outstanding principal amount not to exceed $200,000,000; and 

(k) other Debt not to exceed the greater of (i) $20,000,000 and (ii) 5% of the Borrowing Base in effect as of the date of incurrence in the
aggregate at any time outstanding. 
 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
securing the payment of any Secured Obligations; 
 (b) Excepted Liens; 

(c) Liens securing Capital Leases and Purchase Money Indebtedness permitted by Section 9.02(d) but only on the
Property under lease or the Property purchased, constructed or improved with such Purchase Money Indebtedness (including all accessions and improvements thereto, all insurance therefor and all proceeds thereof); and 

(d) Liens securing Debt permitted by Section 9.02(e) but only on the Property purchased, constructed or improved
with such Debt (including all accessions and improvements thereto, all insurance therefor and all proceeds thereof); 
 (e) Liens on
Property of the Borrower and its Restricted Subsidiaries existing on the date hereof that is reflected in Schedule 9.03; 

  
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 (f) Liens securing any Permitted Refinancing Debt incurred pursuant to
Section 9.02(b) to refinance Debt that was previously so secured, to the extent (i) such Liens are otherwise not prohibited by Section 9.02(b) and (ii) any such Permitted Refinancing Debt
is not secured by any additional or different Property or classes or types of Property (including all accessions and improvements thereto, all insurance therefor and all proceeds thereof) not securing the Refinanced Debt; 

(g) Liens on the Capital Stock of any Unrestricted Subsidiary to the extent securing Indebtedness of Unrestricted Subsidiaries; and 

(h) other Liens securing obligations the outstanding principal amount of which does not exceed the greater of (i) $20,000,000 and (ii) 5% of
the Borrowing Base in effect as of the date of incurrence in the aggregate at any time outstanding. 
 Notwithstanding the foregoing, none
of the Liens permitted by this Section 9.03 (other than Liens securing the Secured Obligations and Excepted Liens) may attach at any time to any Oil and Gas Property or any other Mortgaged Property. 

Section 9.04 Dividends and Distributions; Redemptions of Permitted Unsecured Debt. 

(a) Restricted Payments. 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, except (i) the Borrower may declare and pay Restricted Payments with respect to its Equity Interests payable solely in additional shares of its Equity Interests (other than
Disqualified Capital Stock), (ii) Restricted Subsidiaries may declare and pay Restricted Payments ratably with respect to their Equity Interests, (iii) the Borrower may make Restricted Payments pursuant to and in accordance with stock option
plans or other benefit plans for management or employees of the Borrower and its Restricted Subsidiaries and (iv) other Restricted Payments, provided that (A) no Default, Event of Default or Borrowing Base Deficiency then exists or
would result therefrom, (B) the Total Commitments Utilization Percentage is less than 80% immediately before and immediately after giving effect to such Restricted Payment, and (C) either (x) the ratio of Consolidated Total Funded Net Debt
as of the date of (and after giving effect to) the making of such Restricted Payment to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of the making of such Restricted Payment for
which financial statements are available does not exceed 3.00 to 1.00 or (y) if the Borrower is not in such compliance, the aggregate amount of all such Restricted Payments made since the Effective Date pursuant to this clause
(y) does not exceed the greater of (I) $25,000,000 and (II) 5% of the Borrowing Base in effect as of the date of the making of such Restricted Payment. 

(b) Redemptions of Permitted Unsecured Debt. The Borrower will not, and will not permit any Restricted Subsidiary to, prior to the date
that is 365 days after the Maturity Date, call, make or offer to make any optional or voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) the Permitted Unsecured Debt; provided that the Borrower
may (i) refinance, in whole or in part, Permitted Unsecured Debt with Permitted Refinancing Debt and (ii) so long as such Redemption occurs substantially contemporaneously with (and in any event within 5 Business Days following) such
issuance of Equity Interests, Redeem, in whole or in part, Permitted Unsecured Debt with the net cash proceeds of any issuance of Equity Interests by the Borrower (other than Disqualified Capital Stock). 

Section 9.05 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 as of the Effective Date which are disclosed to the Lenders in Schedule 9.05; 

  
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 (b) accounts receivable arising in the ordinary course of business, or any receivable or
discount that the Borrower or any Restricted Subsidiary is permitted to sell or make under Section 9.10; 
 (c)
direct obligations of (or obligations guaranteed by) (i) the United States or any state or commonwealth of the United States or (ii) any agency, political subdivision, or public instrumentality of any of the foregoing which, at the time of
acquisition, having a debt rating of at least A- (or then equivalent rating) from S&P or A3 (or then equivalent rating) from Moody’s, in each case maturing within one year from the date of acquisition
thereof; 
 (d) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality of the United States government (provided, that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year from the date of acquisition thereof; 

(e) commercial paper maturing within one year from the date of acquisition thereof having one of the two highest ratings obtainable by S&P
or Moody’s; 
 (f) deposits, including certificates of deposit, demand deposits, eurodollar time deposits, bankers acceptances and
overnight bank deposits, maturing within one year from the date of acquisition thereof with, including certificates of deposit issued by (i) any Lender, (ii)any office located in the United States of any other bank or trust company which is
organized under the laws of the United States or any state thereof, 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 financial reports) and has a short term
deposit rating of no lower than A2 or P2, as such rating is set forth from time to time, by S&P or Moody’s, respectively or (iii) any Cayman Islands or similar offshore jurisdiction location of a bank or trust company referred to in
clause (ii) (so long as such deposits are maintained in an account that is under the “control” (as defined in the UCC) of the Administrative Agent in accordance with the Guarantee and Collateral Agreement); 

(g) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (c),
(d) and (f) above entered into with any financial institution meeting the qualifications specified in clause (f) above; 

(h) deposits in money market funds investing at least 95% in Investments described in clauses (c) through (g) above; 

(i) Investments (i) made by the Borrower in or to any Guarantors, (ii) made by Restricted Subsidiary in or to the Borrower or any
other Guarantor or (iii) among Restricted Subsidiaries that are not Credit Parties; 
 (j) Investments consisting of Swap Agreements to
the extent permitted by Section 9.18; 
 (k) Investments in Unrestricted Subsidiaries (i) existing on the
Effective Date and set forth on Schedule 7.14 and (ii) made after the Effective Date, provided that, with respect to Investments made pursuant to this clause (ii), (A) no Default, Event of Default or Borrowing Base
Deficiency then exists or would result therefrom, (B) either (x) the ratio of Consolidated Total Funded Net Debt as of the 

  
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date of (and after giving effect to) the making of such Investment to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of the
making of such Investment for which financial statements are available does not exceed 3.00 to 1.00 or (y) the aggregate outstanding amount (i.e. the amount of such Investments (valued at the time made) made pursuant to this clause
(y) less the aggregate amount of cash payments received after the Effective Date by the Borrower or its Restricted Subsidiaries in respect of returns of capital associated with such Investments) does not exceed the greater of (I)
$25,000,000 and (II) five percent (5%) of the Borrowing Base then in effect, and (C) the Total Commitments Utilization Percentage is less than 80% immediately before and immediately after giving effect to such Investment; 

(l) loans or advances to employees of the Borrower or any Restricted Subsidiary made in the ordinary course of business of the Borrower or
such Restricted Subsidiary in an aggregate principal amount not to exceed at any one time outstanding the greater of (i) $500,000 and (ii) two and one half percent (2.5%) of the Borrowing Base then in effect; and 

(m) other Investments, provided that (i) no Default, Event of Default or Borrowing Base Deficiency then exists or would result
therefrom, (ii) either (A) the ratio of Consolidated Total Funded Net Debt as of the date of (and after giving effect to) the making of such Investment to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter
immediately preceding the date of the making of such Investment for which financial statements are available does not exceed 3.00 to 1.00 or (B) the aggregate outstanding amount (i.e. the amount of such Investments (valued at the time
made) made pursuant to this clause (B) less the aggregate amount of cash payments received after the Effective Date by the Borrower or its Restricted Subsidiaries in respect of returns of capital associated with such Investments) does
not exceed the greater of (I) $25,000,000 and (II) five percent (5%) of the Borrowing Base then in effect and (iii) the Total Commitments Utilization Percentage is less than 80% immediately before and immediately after giving effect to
such Investment. 
 Section 9.06 Nature of Business; No International Operations. The Borrower will not, and will not permit any
Restricted Subsidiary to, allow any material change to be made in the character of their businesses, taken as a whole, as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic
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 within the geographical boundaries of the United States. The Borrower
shall at all times remain organized under the laws of the United States of America or any State thereof or the District of Columbia. 

Section 9.07 Limitation on Leases. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume
or suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases, compressor leases and leases of Hydrocarbon Interests), under leases or lease agreements which would
cause the aggregate amount of all payments made by the Borrower and its Restricted Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed in any period of
twelve consecutive calendar months during the life of such leases the lesser of (a) $20,000,000 and (b) five percent (5%) of the Borrowing Base then in effect. 

Section 9.08 Proceeds of Loans and Letters of Credit. The Borrower will not permit the proceeds of the Loans or Letters of Credit
to be used for any purpose other than those permitted by Section 7.21. Neither the Borrower nor any Person acting on behalf of the Borrower will take any action which could cause any of the Loan Documents to violate
Regulations T, U or X or any other regulation of the Board or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If
requested by the 

  
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Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and
shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents (in their capacity as agent for the Borrower or its Subsidiaries) shall not use, the proceeds of any Borrowing or Letter of Credit (a) in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating
any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in violation of Sanctions or (c) in any manner that would result in the material violation of any Sanctions applicable to any party hereto.

 Section 9.09 ERISA Compliance. The Borrower will not, and will not permit any Subsidiary to, at any time: 

(a) engage in, or permit any ERISA Affiliate to engage in, any transaction in connection with which the Borrower, a Subsidiary or any ERISA
Affiliate could reasonably be expected to be subjected to either a material civil penalty assessed pursuant to subsections (c), (i), (l) or (m) of section 502 of ERISA or a material tax imposed by Chapter 43 of Subtitle D of the Code; and 

(b) fail to make, or permit any ERISA Affiliate to fail to make, full payment when due of all material amounts which, under the provisions of
any Plan, agreement relating thereto or applicable law, the Borrower, a Subsidiary or any ERISA Affiliate is required to pay as contributions thereto. 

Section 9.10 Sale or Discount of Receivables. Except for receivables obtained by the Borrower or any Restricted Subsidiary out of
the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course
of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and will not permit any Subsidiary to, discount or sell (with or without recourse) any of its notes
receivable or accounts receivable. 
 Section 9.11 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 permit any other Person to merge into or consolidate with it, or sell, transfer, 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) or liquidate or dissolve (any such transaction, a “consolidation”); provided that (a) any Restricted Subsidiary may
participate in a consolidation with the Borrower (provided that the Borrower shall be the continuing or surviving entity), (b) any Restricted Subsidiary may participate in a consolidation with another Restricted Subsidiary (provided
that if one of such Restricted Subsidiaries is a Wholly-Owned Subsidiary, then the surviving Person shall be a Wholly-Owned Subsidiary), (c) any consolidation consisting of the liquidation or dissolution of a Restricted Subsidiary that does not own
any Oil and Gas Properties or any other Mortgaged Property if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and the Restricted Subsidiaries, taken as a whole, and not materially
disadvantageous to the Lenders, and (d) any merger or consolidation of the Borrower with or into an Affiliate solely for the purpose of reorganizing the Borrower in another jurisdiction. 

  
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 Section 9.12 Sale of Properties and Termination of Swap Agreements. The Borrower
will not, and will not permit any Restricted Subsidiary to, sell, assign, farm-out, convey or otherwise transfer any Property or any interests in any Restricted Subsidiary or to terminate or otherwise monetize
any Swap Agreement in respect of commodities except for: 
 (a) the sale or other transfer of Hydrocarbons in the ordinary course of
business; 
 (b) farmouts, leases, subleases or assignments of undeveloped acreage (provided that if any such undeveloped acreage has
Proved Reserves associated with such acreage, such transfer must comply with Section 9.12(d)), assignments in connection with such farmouts, leases or subleases, deemed transfers of working interests under any joint
operating agreement as the result of electing (or being deemed to have elected) not to participate in the drilling operations for a new Well and assignments under pooling or unitization agreements or similar contracts that are usual and customary in
the oil and gas exploration and production business; 
 (c) the sale, transfer of equipment (and related items of personal (but not real)
property) or other disposition that is obsolete or no longer necessary for the business of the Borrower or such Restricted Subsidiary or is replaced by equipment of at least comparable value and use; 

(d) the sale or other disposition (excluding Casualty Events) of any Oil and Gas Property that has Proved Reserves associated therewith, or
any interest therein, or any Restricted Subsidiary owning Proved Reserves, or the termination or monetization of any Swap Agreement in respect of commodities; provided that 

(i) no Event of Default exists or results from such sale or disposition of Property or the termination or monetization of any Swap Agreement
in respect of commodities after giving effect, in each case, to the application of the proceeds thereof to pay the Secured Obligations; 

(ii) if any Borrowing Base Deficiency exists at the time of such sale or other disposition, either (A) the cash consideration received
in respect of such sale or disposition shall be in an amount sufficient to eliminate any then existing Borrowing Base Deficiency and applied, promptly upon receipt, to pay the Secured Obligations until such time as no Borrowing Base Deficiency
continues to exist or (B) 100% of the consideration received in respect of such sale or other disposition or termination (other than (1) the assumption of liabilities relating to the Property sold or disposed of and (2) customary purchase
price adjustments) shall be cash and such cash shall be applied, promptly upon receipt, to pay the Secured Obligations until such time as no Borrowing Base Deficiency continues to exist; 

(iii) the consideration received in respect of such sale or other disposition or termination or monetization of any Swap Agreement in respect
of commodities shall be equal to or greater than the fair market value of the Oil and Gas Property, interest therein or Restricted Subsidiary subject of such sale or other disposition, or Swap Agreement subject of such termination or monetization
(as reasonably determined by a Responsible Officer of the Borrower), and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of such Responsible Officer of the Borrower certifying to that effect; 

(iv) if the aggregate PV-9 value of Proved Reserves ((A) as reflected in the most recently delivered
Reserve Report and (B) net of the PV-9 value of Proved Reserves received as consideration therefor, if any, based upon the pricing assumptions consistent with those in the most recently delivered Reserve
Report) sold or disposed of and Swap Agreements terminated or monetized pursuant to this clause (d) in any period between two successive Scheduled Redetermination Effective Dates exceeds (A) with respect to dispositions of Proved
Undeveloped Reserves made in connection with the Sequel Joint Venture, five percent (5%) of the PV-9 value of Proved Reserves (as reflected in the most recently delivered Reserve Report) or (B) with
respect to all other dispositions of Oil and Gas 

  
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Properties constituting Proved Reserves, five percent (5%) of the Borrowing Base then in effect, in each case calculated at the time of such disposition, termination or monetization, as
applicable, then the Borrowing Base shall be reduced by the amount determined by the Required Lenders in good faith consistent with their normal oil and gas lending criteria to be the value, if any, of such Property attributable to the
then-effective Borrowing Base and such reduction shall be effective immediately upon written notice by the Required Lenders to the Administrative Agent of their determination thereof; provided, that, for the avoidance of doubt, any such
determination or Borrowing Base adjustment shall not be a condition to the Administrative Agent’s release of any such Property from all Liens under Security Instruments; and 

(v) if any such sale or other disposition is of a Restricted Subsidiary owning Oil and Gas Properties, such sale or other disposition shall
include all the Equity Interests of such Restricted Subsidiary; 
 (e) transfer of Properties between or among the Borrower and the
Restricted Subsidiaries, provided that any Lien therein that secures any Secured Obligations is reaffirmed and granted by the related transferee and no intervening Lien in such Properties has been or is granted; 

(f) any Restricted Payment that does not breach Section 9.04; 

(g) the expiration or lapse of oil and gas leases, exploration tenement licenses, and subleases or sublicenses of the Borrower or any
Restricted Subsidiaries in the ordinary course of business; 
 (h) the dilution or forfeiture of working interests of the Borrower or any
Restricted Subsidiaries pursuant to the operating agreements or other instruments or agreements in the ordinary course of business; 
 (i)
any Investments permitted by Section 9.05, provided that any Investment made with Proved Reserves shall comply with Section 9.12(d); 

(j) sales and other dispositions resulting from Casualty Events; provided that if the aggregate value of such Oil and Gas Properties
constituting Proved Reserves sold or disposed of pursuant to this clause (j) in any period between two successive Scheduled Redetermination Effective Dates exceeds five percent (5%) of the Borrowing Base then in effect, then the
Borrowing Base shall be reduced, effective immediately upon such sale or disposition, by an amount equal to the aggregate value assigned such Oil and Gas Properties constituting Proved Reserves sold or disposed of pursuant to this clause (j);

 (k) the sale or other transfer (whether or not in the ordinary course of business) of Oil and Gas Properties; provided at the time of
such sale or other transfer such Oil and Gas Properties do not have associated with them any Proved Reserves; 
 (l) the sale or other
disposition of Properties (other than an Oil and Gas Property that has Proved Reserves, or any interest therein, or any Restricted Subsidiary owning Proved Reserves) not otherwise permitted pursuant to this Section 9.12
having a fair market value not to exceed the greater of (i) $3,750,000 and (ii) 1% of the Borrowing Base then in effect as of the date of such sale or other disposition in the aggregate for all dispositions and sales of Properties pursuant to this
Section 9.12(l) for the term of this Agreement; and 

  
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 (m) the sale or other disposition (i) of Properties pursuant to the Joint Development
Agreement dated April 11, 2018 by and between Triad Hunter, LLC and Ohio Gasco LLC, or (ii) to one or more third parties of Oil and Gas Properties constituting conventional properties of the Borrower and its Restricted Subsidiaries for
consideration equal to or greater than the fair market value thereof (as reasonably determined by a Responsible Officer of the Borrower) and in an aggregate amount for all such dispositions after the Effective Date not to exceed $10,000,000. 

Upon any sale or other disposition of any Property in compliance with this Section 9.12, the Administrative Agent will, at the
request and at the expense of the Borrower, promptly release such Property from all Liens under the Security Instruments. 

Section 9.13 Environmental Matters. The Borrower will not, and will not permit any Subsidiary to, cause or permit any of its
Property to be in violation of, or do anything or permit anything to be done which will subject any such Property to a Release or threatened Release of Hazardous Materials, exposure to any Hazardous Materials, or to any Remedial Work under any
Environmental Laws, assuming disclosure to the applicable Governmental Authority of all relevant facts, conditions and circumstances, if any, pertaining to such Property where such violations, Release or threatened Release, exposure, or Remedial
work could reasonably be expected to have a Material Adverse Effect. 
 Section 9.14 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, except (a) such
transactions that are otherwise permitted under this Agreement and upon fair and reasonable terms no less favorable to the Borrower or applicable Restricted Subsidiary than the Borrower or applicable Restricted Subsidiary would obtain in a
comparable arm’s length transaction with a Person not an Affiliate, (b) transactions between or among the Borrower and the Guarantors which do not involve any other Affiliates of the Borrower, (c) transactions described in Schedule
9.14, (d) any Restricted Payment permitted by Section 9.04, (e) transactions for which a favorable fairness opinion has been obtained and (f) transactions between or among Restricted Subsidiaries that are not
Credit Parties. 
 Section 9.15 Subsidiaries. The Borrower will not, and will not permit any Restricted Subsidiary to, create or
acquire any additional Subsidiary or redesignate an Unrestricted Subsidiary as a Restricted Subsidiary unless the Borrower gives written notice to the Administrative Agent of such creation or acquisition and complies with
Section 8.14(b). The Borrower shall not, and shall not permit any Restricted Subsidiary to, sell, assign or otherwise dispose of any Equity Interests in any Restricted Subsidiary to any Person other than the Borrower or a
Guarantor except in compliance with Section 9.12. Neither the Borrower nor any Restricted Subsidiary shall have any Foreign Subsidiaries. 

Section 9.16 Negative Pledge Agreements; Dividend Restrictions. The Borrower will not, and will not permit any Restricted
Subsidiary to, create, incur, assume or permit to exist any contract, agreement or understanding (other than (a) this Agreement, (b) the Security Instruments, (c) the agreements creating Liens permitted by
Section 9.03(d), (e), (f) and (g) and (d) Immaterial Title Deficiencies) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property in favor
of the Administrative Agent and the Secured Parties to secure the Secured Obligations, or any portion thereof, 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, that the preceding restrictions will not apply to encumbrances or restrictions arising under or by reason of (i) any restriction imposed pursuant to an
agreement entered into for the direct or indirect sale or disposition of all or substantially all the Equity Interests or Property of any Subsidiary (or the Property that is subject to such restriction) permitted by
Section 9.12(d) or Section 9.12(j) pending the closing of such sale or disposition, (ii) customary restrictions and conditions contained in any (A) agreement relating to any disposition
of Property not prohibited hereunder, (B) customary and usual leases, licenses and permits, (C) agreement in respect of 

  
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Debt permitted by Section 9.02(d) (but only related to the property on which such Liens are created), (D) joint venture agreements to the extent they relate to
distribution of Property of such joint venture, and (E) agreements entered into in the ordinary course that restrict assignment of such agreement, and (iii) restrictions imposed by applicable Law. In construing and applying the definition
of “Immaterial Title Deficiencies” for the purposes of this section, contracts, agreements and understandings that prohibit or restrict Liens in favor of the Administrative Agent or the Secured Parties will be considered “title
defects”. 
 Section 9.17 Gas Imbalances,
Take-or-Pay or Other Prepayments. The Borrower will not, and will not permit any Restricted Subsidiary to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any Restricted Subsidiary that would require the Borrower or such Restricted Subsidiary to deliver Hydrocarbons
at some future time without then or thereafter receiving full payment therefor to exceed one half bcf of gas (on an mcf equivalent basis) in the aggregate. 

Section 9.18 Swap Agreements. 

(a) The Borrower will not, and will not permit any Restricted Subsidiary to, enter into any Swap Agreements with any Person other than: 

(i) Subject to clause (b) of this Section 9.18, Swap Agreements with an Approved Counterparty in
respect of commodities entered into not for speculative purposes the notional volumes for which do not exceed, when aggregated with other commodity Swap Agreements of the Credit Parties then in effect as of the date such Swap Agreement is entered
into, the greater of: 
 (A) for each month during the period during which such Swap Agreement is in effect, 80% of the
reasonably anticipated production of crude oil, natural gas and natural gas liquids, calculated separately and, in each case, as such production is projected from the Borrower’s and its Restricted Subsidiaries’ Oil and Gas Properties
constituting Proved Developed Producing Reserves as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement; 

(B) a percentage as set forth in the table below for each month during the applicable time periods of the reasonably
anticipated production of crude oil, natural gas and natural gas liquids, calculated separately and, in each case, as such production is projected from the Borrower’s and its Restricted Subsidiaries’ Oil and Gas Properties constituting
Proved Reserves as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement: 
  

					
	 Period (relative to the date such
Swap Agreement is
entered
into)
	  	Percentage Limitation	 
	 Months 1—12
	  	 	85	% 
	 Months 13—24
	  	 	80	% 
	 Months 25—36
	  	 	75	% 
	 Months 37—48
	  	 	70	% 
	 Months 49—60
	  	 	65	% 

 ; and 

  
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 (C) notwithstanding anything to the contrary contained in this Agreement,
at the Borrower’s election, for each month during the Specified Period, 80% of the reasonably anticipated production of crude oil, natural gas and natural gas liquids, calculated separately and, in each case, as such production is projected by
a Financial Officer of the Borrower from the Borrower’s and its Restricted Subsidiaries’ Oil and Gas Properties and set forth in the most recent certificate delivered pursuant to Section 8.01(d); provided,
however, that no such Swap Agreements permitted by any sub-clause of this clause (i) shall have a tenor of greater than five (5) years. Further, it is understood that (1) the
Borrower and its Restricted Subsidiaries may enter into (a) Swap Agreements relating to puts, floors, options or similar agreements and (b) basis differential swaps on volumes already hedged pursuant to other Swap Agreements and
(2) Swap Agreements in respect of commodities which may, from time to time, “hedge” the same volumes, but different elements of commodity risk thereof, shall not be aggregated together when calculating the foregoing limitations on
notional volumes. 
 (ii) Swap Agreements in respect of interest rates with an Approved Counterparty, as follows: 

(A) Swap Agreements effectively converting interest rates from fixed to floating, the notional amounts of which (when
aggregated with all other Swap Agreements of the Borrower and its Restricted Subsidiaries then in effect effectively converting interest rates from fixed to floating) do not exceed 50% of the then outstanding principal amount of the Credit
Parties’ Debt for borrowed money which bears interest at a fixed rate, and which Swap Agreements shall not, in any case, have a tenor beyond the maturity date of such Debt, and 

(B) Swap Agreements effectively converting interest rates from floating to fixed, the notional amounts of which (when
aggregated with all other Swap Agreements of the Borrower and its Restricted Subsidiaries then in effect effectively converting interest rates from floating to fixed) do not exceed 75% of the then outstanding principal amount of the Credit
Parties’ Debt for borrowed money which bears interest at a floating rate, and which Swap Agreements shall not, in any case, have a tenor beyond the maturity date of such Debt. 

(iii) Swap Agreements set forth on Schedule 9.18. 

(b) If, after the end of any calendar quarter the Borrower determines that the aggregate volume of all Swap Agreements in respect of
commodities for which settlement payments were calculated in such calendar quarter (other than puts, floors or basis differential swaps on volumes hedged pursuant to other Swap Agreements) exceeded 100% of actual production of Hydrocarbons in such
calendar quarter, then the Borrower (i) shall promptly notify the Administrative Agent of such determination and (ii) shall, within 30 days of such determination, terminate (only to the extent such terminations are permitted pursuant to
Section 9.12), create off-setting positions, allocate volumes to other production for which the Borrower or its Restricted Subsidiaries is marketing, or otherwise unwind or monetize
(only to the extent such unwinds or monetizations are permitted pursuant to Section 9.12) existing Swap Agreements such that, at such time, future hedging volumes will not exceed 100% of reasonably anticipated projected
production for the then-current and any succeeding calendar quarters. 
 (c) In no event shall any Swap Agreement contain any requirement,
agreement or covenant for the Borrower or any Restricted Subsidiary to post collateral or margin to secure their obligations under such Swap Agreement (other than pursuant to the Security Instruments or as set forth on Schedule 7.20). 

  
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 (d) The Borrower will not, and will not permit any Restricted Subsidiary to, terminate or
monetize any Swap Agreement in respect of commodities without the prior written consent of the Required Lenders except to the extent such terminations are permitted pursuant to Section 9.12; provided that for
purposes of this Section 9.18(d), a Swap Agreement (a “Replaced Swap Agreement”) shall not be deemed to have been terminated or monetized if, upon its termination, it is replaced, without cash payments to
any Credit Party in connection therewith, in a substantially contemporaneous transaction, with one or more Swap Agreements that cover all of the notional volumes hedged pursuant to such Replaced Swap Agreement on pricing and other economic terms at
least as favorable to the Credit Parties as those contained in such replaced Swap Agreement. 
 (e) For purposes of entering into or
maintaining Swap Agreement trades or transactions under Section 9.18(a)(i) and Section 9.18(b), respectively, forecasts of reasonably anticipated production from the Borrower’s and its
Restricted Subsidiaries’ Proved Reserves and Proved Developed Producing Reserves as set forth on the most recent Reserve Report delivered pursuant to the terms of this Agreement, or projections of production from the Borrower’s and its
Restricted Subsidiaries’ Oil and Gas Properties made by a Financial Officer of the Borrower, as applicable, shall be revised to account for any increase or decrease therein anticipated because of information obtained by the Borrower or any of
its Restricted Subsidiaries subsequent to the publication of such Reserve Report or projections, as applicable, including the Borrower’s or any of its Restricted Subsidiaries’ internal forecasts of production decline rates for existing
Wells and additions to or deletions from anticipated future production from new Wells and completed acquisitions coming on stream or failing to come on stream. 

Section 9.19 Marketing Activities. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, engage in
marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts in the ordinary course of business and not for speculative purposes for the sale of Hydrocarbons scheduled or reasonably estimated to
be produced from their Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Reserves of third parties during the period of such
contract associated with the Oil and Gas Properties of the Borrower and its Restricted Subsidiaries that the Borrower or one of its Restricted Subsidiaries has the right to market pursuant to joint operating agreements, unitization agreements or
other similar contracts that are usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) which have generally offsetting provisions (i.e.
corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto.

 Section 9.20 Designation and Conversion of Restricted and Unrestricted Subsidiaries. 

(a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with
Section 9.20(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 Administrative Agent, any Restricted Subsidiary, including a newly
formed or newly acquired Subsidiary, as an Unrestricted Subsidiary if (i) prior, and after giving effect, to such designation, neither a Default nor a Borrowing Base Deficiency would exist and (ii) the Subsidiary to be so designated is (or
substantially simultaneously with the designation hereunder will be) designated to be an Unrestricted Subsidiary under the Permitted Unsecured Debt Documents, and (iii) 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 9.05(k). Except as provided in this Section 9.20(b), no Restricted Subsidiary may be redesignated as an Unrestricted Subsidiary. 

  
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 (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 in all material respects on and as of such date as if
made on and as of the date of such redesignation, except that (A) to the extent any such representations and warranties are expressly limited to an earlier date, such representations and warranties shall continue to be true and correct in all
material respects as of such specified earlier date and (B) 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, (ii) no Default would exist and (iii) the Borrower otherwise complies with the requirements of Section 8.14, Section 8.16 and Section 9.15. Any such
designation shall be treated as a cash dividend in an amount equal to the lesser of the fair market value of the Borrower’s direct and indirect ownership interest in such Subsidiary or the amount of the Borrower’s cash investment
previously made for purposes of the limitation on Investments under Section 9.05(i). Any Subsidiary of an Unrestricted Subsidiary shall also be deemed to be an Unrestricted Subsidiary. 

Section 9.21 Permitted Unsecured Debt Documents. The Borrower will not, and will not permit any other Credit Party to amend,
modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver of, or other change to, any provision of any Permitted Unsecured Debt Document if the effect of such amendment, modification, waiver or other change
(a) causes such Permitted Unsecured Debt to no longer constitute Permitted Unsecured Debt or (b) shortens the maturity of such Permitted Unsecured Debt so that any scheduled payment of principal, scheduled mandatory redemption or scheduled
sinking fund payment of such Permitted Unsecured Debt is due on or before the date that is 180 days after the Maturity Date in effect on the date of such amendment, modification, waiver or other change; provided that the Borrower may
(i) amend any Permitted Unsecured Debt Document to add additional guarantors thereto to the extent not prohibited by this Agreement and (ii) refinance Permitted Unsecured Debt with Permitted Refinancing Debt. 

ARTICLE X 
 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 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 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 (5) Business 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 by or on behalf of the Borrower or any Restricted Subsidiary
pursuant to or in connection with 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, such representation and warranty (as so qualified) shall prove to have been incorrect in any respect when made or deemed made); 

  
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 (d) the Borrower or any Restricted Subsidiary shall fail to observe or perform any covenant,
condition or agreement contained in Section 8.01(j), Section 8.02 (other than clause (d) of such Section), Section 8.03, Section 8.14,
Section 8.15, Section 8.17 or in Article IX; 
 (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 thirty (30) days after a Financial Officer of the Borrower becomes aware of the occurrence thereof;
provided that to the extent any information is not provided within the time periods specified in such covenant, condition or agreement and, prior to the Administrative Agent or any Lender taking any action permitted to be taken pursuant to
Section 10.02 during the continuance of such Event of Default, such information is subsequently provided, the Borrower will be deemed to have satisfied its obligations with respect thereto at such time and any Default with
respect thereto shall be deemed to have been cured; 
 (f) the Borrower or any Restricted Subsidiary shall fail to make any payment (whether
of principal or interest and after giving effect to any applicable grace period) in respect of any Material Indebtedness, when and as the same shall become due and payable; 

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or
permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the
Redemption thereof or any offer to Redeem to be made in respect thereof, prior to its scheduled maturity or requires the Borrower or any Restricted Subsidiary to make an offer in respect thereof other than (i) pursuant to customary asset sale
or change of control provisions related to transactions or (ii) resulting from a voluntary notice of prepayment delivered to the holders of such Material Indebtedness; 

(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 Guarantor that is not an Immaterial 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 or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Guarantor that is not an Immaterial Subsidiary or for a substantial part of its assets, and, in
any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Borrower or any Guarantor that is not an Immaterial 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, (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 Guarantor that is not an Immaterial 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; 

  
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 (j) the Borrower or any Guarantor that is not an Immaterial Subsidiary shall become unable,
admit in writing its inability or fail generally to pay its debts as they become due; 
 (k) (i) one or more judgments for the payment
of money in an aggregate amount in excess of the Threshold Amount (to the extent not covered by independent third party insurance provided by insurers of commercially acceptable paying rating or financial strength as to which the insurer does not
dispute coverage and is not subject to an insolvency proceeding) or (ii) any one or more non-monetary judgments that have, or could reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect, shall be rendered against the Borrower, any Restricted Subsidiary or any combination thereof and, in each of the preceding instances, the same shall remain undischarged for a period of thirty (30) consecutive days
during which execution shall not be effectively stayed or bonded, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any Guarantor that is not an Immaterial Subsidiary to enforce any such
judgment which action has not been stayed or bonded; 
 (l) 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 that is not an Immaterial Subsidiary party thereto or shall be
repudiated by any of them, or 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
Guarantor that is not an Immaterial Subsidiary or any of their Affiliates shall so state in writing; 
 (m) a Change in Control shall occur;
or 
 (n) an ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred and are continuing,
would reasonably be expected to result in a Material Adverse Effect. 
 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 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 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
(without duplication) 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), the
Commitments shall automatically terminate and the Notes and the principal of the Loans then outstanding, together with (without duplication) 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, 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. 

  
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 (b) During the continuance of an Event of Default, the Administrative Agent and the Lenders
will have all other rights and remedies available at law and equity. 
 (c) Except as otherwise provided in
Section 2.09(a)(ii), 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, to payment or reimbursement of that portion of the Secured Obligations constituting fees, expenses and indemnities payable
to the Administrative Agent in its capacity as such pursuant to any Loan Document; 
 (ii) second, pro rata to payment or
reimbursement of that portion of the Secured Obligations constituting fees, expenses and indemnities payable to the Lenders pursuant to any Loan Document; 

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

(iv) fourth, pro rata to payment of principal outstanding on the Loans, LC Disbursements that have not yet been reimbursed by
or on behalf of the Borrower at such time, and Secured Obligations referred to in Clause (b) of the definition of Secured Obligations owing to Secured Swap Providers; 

(v) fifth, pro rata to any other Secured Obligations; 

(vi) sixth, to serve as Cash Collateral, if then required, to be held by the Administrative Agent to secure the remaining LC Exposure;
and 
 (vii) seventh, any excess shall be paid to the Borrower or as otherwise required by any Governmental Requirement. 

Notwithstanding the foregoing, amounts received from the Borrower or any Guarantor that is not an “eligible contract participant”
under the Commodity Exchange Act shall not be applied to any Excluded Swap Obligations (it being understood, that in the event that any amount is applied to Secured Obligations other than Excluded Swap Obligations as a result of this clause, the
Administrative Agent shall make such adjustments as it determines are appropriate to distributions pursuant to clause fourth above from amounts received from “eligible contract participants” under the Commodity Exchange Act to
ensure, as nearly as possible, that the proportional aggregate recoveries with respect to Secured Obligations described in clause fourth above by the holders of any Excluded Swap Obligations are the same as the proportional aggregate
recoveries with respect to other Secured Obligations pursuant to clause fourth above). 
 ARTICLE XI 

THE ADMINISTRATIVE AGENT 

Section 11.01 Appointment; Powers. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
as its agent and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof and the other Loan Documents, together with such actions and powers
as are reasonably incidental thereto. 

  
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 Section 11.02 Duties and Obligations of Administrative Agent. The 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 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 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 intended to create or reflect only an administrative relationship between independent contracting
parties), (b) the 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
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
Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the 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 VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or as to those conditions precedent expressly required to be to the 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 VI, 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 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 Administrative Agent. The 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 Administrative Agent is required to exercise in writing as directed by the Majority Lenders (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 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 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 Administrative Agent shall be binding on all of the Lenders. If a Default has occurred and is continuing,
then the 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) 

  
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described in this Section 11.03, provided that, unless and until the Administrative Agent shall have received such directions, the 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 Administrative Agent be required to take
any action which exposes the Administrative Agent to personal liability or which is contrary to this Agreement, the other Loan Documents or applicable law. If a Default has occurred and is continuing, no Agent shall have any obligation to perform
any act in respect thereof. The 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 Administrative Agent shall not be liable for any action taken or not taken by it 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 Administrative Agent. The 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 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 the Issuing Bank hereby waives the right to dispute
the Administrative Agent’s record of such statement, except in the case of gross negligence or willful misconduct by the Administrative Agent. The 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 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 Administrative Agent. 

Section 11.05 Subagents. The Administrative Agent may perform any and all its duties and exercise its rights and powers by or
through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise
its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding Sections of this Article XI shall apply to any such sub-agent and to the Related Parties of
the 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
Administrative Agent. 
 Section 11.06 Resignation of Administrative Agent. Subject to the appointment and acceptance of a
successor Administrative Agent as provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Borrower. Upon any such resignation, the Majority Lenders
shall have the right, in 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
Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or
an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed 

  
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between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article XI and Section 12.03 shall
continue in effect for the benefit of such retiring Administrative 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 Administrative Agent. 
 Section 11.07 Administrative Agent as Lender. The Administrative 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 the Administrative Agent, and the Administrative Agent 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 the Administrative Agent hereunder. 

Section 11.08 No Reliance. Each Lender acknowledges that it has, independently and without reliance upon the 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 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 Administrative Agent shall not be required to keep itself informed
as to the performance or observance by the Borrower or any of its Subsidiaries of this Agreement, the other 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 Administrative Agent hereunder, neither the Administrative Agent nor the Arrangers 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 the Administrative Agent, such
Arranger or any of their Affiliates. In this regard, each Lender acknowledges that Simpson Thacher & Bartlett LLP is acting in this transaction as special counsel to the 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. 

Section 11.09 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 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 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
Obligations 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 Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the 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; 

  
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 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 Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under
Section 12.03. 
 Nothing contained herein shall be deemed to authorize the 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 Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any
Lender in any such proceeding. 
 Section 11.10 Authority of Administrative Agent to Release Collateral and Liens. Each Lender
and the Issuing Bank hereby authorizes the Administrative Agent to release any collateral, and to release any Person from its respective Security Instruments, in each case that is permitted to be sold or released (including, without limitation, due
to any Restricted Subsidiary being designated as an Unrestricted Subsidiary in accordance with the terms of this Agreement), as the case may be, pursuant to the terms of the Loan Documents. Each Lender and the Issuing Bank hereby authorizes the
Administrative Agent to execute and deliver to the Borrower, at the Borrower’s sole cost and expense, any and all releases (whether regarding Liens, Persons or otherwise), termination statements, assignments or other documents reasonably
requested by the Borrower in connection with any sale or other disposition of Property or release of Person, to the extent such sale, other disposition or release is permitted by the terms of Section 9.12 or is otherwise
authorized by the terms of the Loan Documents. 
 Section 11.11 Agents. No Agent other than the Administrative Agent shall have
any duties, responsibilities or liabilities under this Agreement and the other Loan Documents other than their duties, responsibilities and liabilities in their capacity as a Lender hereunder. 

ARTICLE XII 

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 herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, as
follows: 
  

	 	(i)	 if to the Borrower, to it at: 

2121 Old Gatesburg Rd., Suite 110 

State College, Pennsylvania 16803 

Attention of Chief Financial Officer 

Fax: 408-393-4565 

 

	 	(ii)	 If to the Administrative Agent or Issuing Bank, to it at: 

700 Louisiana Street, Suite 2100 

Houston, Texas 77002 

Attention: Kevin Utsey 
 Tel: 713-546-9720 
 Fax: 713-223-4007 
 and 

  
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 (iii) if to any other Lender, to it at its address (or facsimile number) set forth in its
Administrative Questionnaire or if the Administrative Questionnaire is not made available to the Borrower, then, with respect to those sent or delivered by the Borrower, in care of the Administrative Agent. 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to
procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II, Article III, Article IV and Article V unless otherwise agreed by the Administrative
Agent and the applicable Lender. The 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. 
 (c) Any party hereto may change its address or
facsimile 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. 
 Section 12.02 Waivers; Amendments. 

(a) No failure on the part of the Administrative Agent, any other Agent, the Issuing Bank or any Lender 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
Administrative Agent, any other Agent, the 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 Administrative Agent, any other Agent, any Lender or the 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, each Restricted Subsidiary a party thereto and the Majority Lenders or by the Borrower, each Restricted Subsidiary a party thereto and the 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 Borrowing Base without the written
consent of the Borrowing Base Increase Requisite Lenders, decrease or maintain the Borrowing Base without the consent of the Required Lenders, or otherwise modify Section 2.07 in any manner without the consent of each
Lender (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 

  
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fees payable hereunder, or reduce any other Secured Obligations 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, or any interest thereon, or any fees payable hereunder, or any other Secured Obligations 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, (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, without the written consent of each Lender, (vi) waive or amend Section 6.01, Section 8.14,
Section 10.02(c) or Section 12.14 or change the definition of the terms “Domestic Subsidiary”, “Foreign Subsidiary”, or “Subsidiary”, without the written consent of
each Lender (other than any Defaulting Lender), (vii) release any Guarantor (except as set forth in the Guarantee and Collateral Agreement), release all or substantially all of the collateral (other than as provided in
Section 11.10), or reduce the percentage set forth in Section 8.14(a) to less than 80%, without the written consent of each Lender (other than any Defaulting Lender), or (viii) change any of
the provisions of this Section 12.02(b) or the definitions of “Majority Lenders”, “Required Lenders”, “Borrowing Base Increase Requisite Lenders” or any other provision hereof specifying the
number or percentage of the 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 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 Administrative Agent, any other Agent, or the Issuing Bank hereunder or under any
other Loan Document without the prior written consent of the Administrative Agent, such other Agent or the Issuing Bank, as the case may be. Notwithstanding the foregoing, (A) any supplement to Schedule 7.14 (Subsidiaries) shall be
effective simply by delivering to the Administrative Agent a supplemental schedule clearly marked as such and, upon receipt, the Administrative Agent will promptly deliver a copy thereof to the Lenders, (B) the Borrower and the Administrative
Agent may amend this Agreement or any other Loan Document without the consent of the Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical error or other manifest error in any Loan Document,
and (C) the Administrative Agent and the Borrower (or other applicable Credit Party) may enter into any amendment, modification or waiver of this Agreement or any other Loan Document or enter into any agreement or instrument to effect the
granting, perfection, protection, expansion or enhancement of any security interest in any Mortgaged Property or Property to become Mortgaged Property to secure the Secured Obligations for the benefit of the Lenders or as required by any
Governmental Requirement to give effect to, protect or otherwise enhance the rights or benefits of any Lender under the Loan Documents without the consent of any Lender. Notwithstanding this Section 12.02, only the consent
of the Administrative Agent and the Borrower shall be required to amend this Agreement to reflect an alternate rate of interest as to which the Majority Lenders shall not have objected in accordance with Section 3.03. 

Section 12.03 Expenses, Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including, without limitation, the reasonable fees, charges and disbursements of one
counsel for the Administrative Agent and its Affiliates (and as required by a firm of local counsel in each appropriate jurisdiction and in the case of an actual or potential conflict of interest, one additional firm of counsel to the affected
Lenders) and to the extent necessary as determined by the Administrative Agent, other outside consultants for the Administrative Agent, the reasonable travel, photocopy, mailing, courier, telephone and other similar expenses, and the cost of
environmental invasive and non-invasive assessments and audits and surveys and appraisals, in each case, 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 Administrative Agent as to the rights and duties of the Administrative Agent and the Lenders with respect

  
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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 out-of-pocket costs, expenses, Taxes, assessments and other charges incurred by any Agent or any Lender,
including the costs, expenses and other charges of counsel for the Administrative Agent and the Lenders, 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 out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iv) all out-of-pocket expenses incurred by any Agent, the Issuing
Bank or any Lender, including the fees, charges and disbursements of any counsel for any Agent, the 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 THE ADMINISTRATIVE AGENT, EACH ARRANGER, THE 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
REASONABLE 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 PROCEEDS THEREFROM, INCLUDING, WITHOUT LIMITATION, (A) ANY REFUSAL BY THE 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
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) THE BREACH OR NON-

  
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COMPLIANCE BY THE BORROWER OR ANY SUBSIDIARY WITH ANY ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY SUBSIDIARY, (x) THE PAST OWNERSHIP BY THE BORROWER OR ANY SUBSIDIARY OF ANY OF THEIR
PROPERTIES OR PAST ACTIVITY ON ANY OF THEIR PROPERTIES WHICH, THOUGH LAWFUL AND FULLY PERMISSIBLE AT THE TIME, COULD RESULT IN PRESENT LIABILITY, (xi) THE PRESENCE, USE, RELEASE, STORAGE, TREATMENT, DISPOSAL, GENERATION, THREATENED RELEASE,
TRANSPORT, ARRANGEMENT FOR TRANSPORT OR ARRANGEMENT FOR DISPOSAL OF HAZARDOUS MATERIALS ON OR AT ANY OF THE PROPERTIES OWNED OR OPERATED BY THE BORROWER OR ANY SUBSIDIARY OR ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM
ANY PROPERTY OWNED OR OPERATED BY THE BORROWER OR ANY OF ITS SUBSIDIARIES, (xii) ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE BORROWER OR ANY OF ITS SUBSIDIARIES, OR (xiii) ANY OTHER ENVIRONMENTAL, HEALTH OR SAFETY CONDITION IN
CONNECTION WITH THE LOAN DOCUMENTS, OR (xiv) 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 (A) 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, (B) ARISE SOLELY BY REASON OF A CLAIM (y) BY ONE OR MORE INDEMNITEES AGAINST ONE OR MORE OTHER INDEMNITEES OR (z) BY AN OWNER OF EQUITY INTEREST OF AN
INDEMNITEE AGAINST ONE OR MORE OTHER INDEMNITEES, SO LONG AS, IN EITHER CASE, SUCH CLAIM IS NOT PROXIMATELY CAUSED BY A BREACH OF, OR DEFAULT UNDER, A LOAN DOCUMENT BY OR WITH RESPECT TO A CREDIT PARTY, OR (C) IS INCURRED BY ANY DEFAULTING
LENDER TO THE EXTENT DIRECTLY ARISING FROM THE CONDUCT, ACTS, OR OMISSIONS OF SUCH DEFAULTING LENDER THAT WERE THE CAUSE OF SUCH LENDER’S BECOMING A DEFAULTING LENDER; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE DEEMED TO
LIMIT ANY CREDIT PARTY’S PAYMENT OBLIGATIONS UNDER ANY OTHER PROVISION OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AS A RESULT OF SUCH LENDER’S BECOMING A DEFAULTING LENDER. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, NO DEFAULTING
LENDER WILL BE REIMBURSED FOR, INDEMNIFIED AGAINST, OR HELD HARMLESS FROM, COSTS AND EXPENSES ARISING FROM THE REPLACEMENT OF SUCH DEFAULTING LENDER. THIS SECTION 12.03(b) SHALL NOT APPLY WITH RESPECT TO TAXES OTHER THAN ANY TAXES THAT
REPRESENT LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED EXPENSES ARISING FROM ANY NON-TAX CLAIM. 

(c) To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent, any Arranger or the Issuing
Bank under Section 12.03(a) or (b), each Lender severally agrees to pay to such Administrative Agent, Arranger or the Issuing Bank, as the case may be, such Lender’s Applicable Percentage (determined as 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 Administrative Agent, Arranger or the Issuing Bank in its capacity as such. 

  
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 (d) To the extent permitted by applicable law, no Indemnitee or Credit Party shall assert,
and each hereby waives, any claim against any other Indemnitee or Credit Party, as the case may be, 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 within ten (10) Business Days following the
Borrower’s receipt of each related statement or invoice, each in reasonable and customary detail. 
 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 the 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 the 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 Administrative Agent, the Issuing Bank 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 or
delayed) 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 Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment
to an assignee that is a Lender immediately prior to giving effect to such assignment. 
 (ii) Assignments shall be subject to the
following additional conditions: 
 (A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an
assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, 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 Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower and the 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; 

  
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 (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 Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 (which is not reimbursable from the Borrower except as herein expressly provided); 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and

 (E) in no event may any Lender assign all or a portion of its rights and obligations under this Agreement to the
Borrower, any Affiliate of the Borrower or any natural person. 
 (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 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 Administrative Agent, acting solely 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 (and stated interest)
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 Administrative
Agent, the Issuing Bank and the Lenders shall 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, the 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 Administrative Agent will
reflect the revisions on Annex I and forward a copy of such revised Annex I to the Borrower, the 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
this Section 12.04(b), the 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 Administrative Agent or the Issuing Bank, sell participations to one or more banks or other entities (other than the Borrower, any Affiliate of the Borrower or any natural person) (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 

  
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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 Administrative Agent, the 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
(subject to the requirements and limitations therein, including the requirements under Section 5.03(f) (it being understood that the documentation required under Section 5.03(f) shall be delivered
to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.04(b); provided that such Participant agrees to be subject to the provisions
of Section 5.04 as it is was a Lender and had accepted it interest by an 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. 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 stated interest)
of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant
Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person 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. 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. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(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, except to the extent such entitlement to a greater payment results from a Change in Law
that occurs after the Participant acquired the applicable participation or the sale of the participation to such Participant is made with the Borrower’s prior written consent. 

(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, 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. 

  
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 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 reasonably and in good faith relied upon by the other parties hereto and shall 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 Administrative Agent, any other Agent, the 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 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. Whenever the principal of and all interest on the Loans and
all fees or other amounts payable under this Agreement have been paid in full, all Letters of Credit have been terminated (or arrangements satisfactory to the Issuing Bank have been made for any continuing Letters of Credit), and all Commitments
have expired or terminated, the Administrative Agent will, at the request and at the expense of the Borrower, confirm the termination of the Loan Documents to the Borrower and release or terminate (in recordable form, where appropriate) all Liens,
assignments, security interests and financing statements under the Loan Documents, provided that the provisions of Section 5.01, Section 5.02, Section 5.03 and
Section 12.03 and Article XI 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 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 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 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 Administrative Agent 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 Administrative Agent and when the 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 facsimile or other electronic transmission (e.g. .pdf) 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. 

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 limitations 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; CONSENT TO SERVICE OF PROCESS. 

(a) THIS AGREEMENT AND THE NOTES 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 MAY 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 NON-EXCLUSIVE 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 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. 

  
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 (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 Administrative Agent, the Issuing Banks and the Lenders agrees (for itself and each of
its Related Parties) 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 having jurisdiction over it, (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 or (ii) any actual or prospective Secured Swap Provider (or its advisors), (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 Administrative Agent, the 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 Administrative Agent, the 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. Notwithstanding anything herein to the contrary, “Information” shall not include, and the Borrower, the Borrower’s Subsidiaries, the Administrative Agent, each Lender and the respective Affiliates of each of
the foregoing (and the 

  
 111 

 
respective partners, directors, officers, employees, agents, advisors and other representatives of the aforementioned Persons), and any other party, may disclose to any and all Persons, without
limitation of any kind (a) any information with respect to the United States federal and state income tax treatment of the transactions contemplated hereby and any facts that may be relevant to understanding the United States federal or state
income tax treatment of such transactions (“tax structure”), which facts shall not include for this purpose the names of the parties or any other person named herein, or information that would permit identification of the parties or
such other persons, or any pricing terms or other nonpublic business or financial information that is unrelated to such tax treatment or tax structure, and (b) all materials of any kind (including opinions or other tax analyses) that are
provided to the Borrower, the Administrative Agent or such Lender relating to such tax treatment or tax structure. 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 and Issuing Bank shall conform
strictly to usury laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Lender or Issuing Bank under laws applicable to it (including the laws of the United States of America and the State of New
York or any other jurisdiction whose laws may be mandatorily applicable to such Lender or Issuing Bank 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 or any other Secured Obligations, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under law applicable to any
Lender or Issuing Bank that is contracted for, taken, reserved, charged or received by such Lender or Issuing Bank under any of the Loan Documents or agreements or otherwise in connection with the Notes or other Secured Obligations 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 or Issuing Bank on the principal amount of the Secured Obligations (or,
to the extent that the principal amount of the Secured Obligations shall have been or would thereby be paid in full, refunded by such Lender or Issuing Bank to the Borrower); and (ii) in the event that the maturity of the Notes or other portion
of the Secured Obligations is accelerated (in whole or part) 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 or Issuing Bank 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 or Issuing Bank as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender or Issuing Bank on the principal amount of the Secured Obligations (or, to the
extent that the principal amount of the Secured Obligations shall have been or would thereby be paid in full, refunded by such Lender or Issuing Bank to the Borrower). All sums paid or agreed to be paid to any Lender or Issuing Bank for the use,
forbearance or detention of sums due hereunder shall, to the extent permitted by law applicable to such Lender or Issuing Bank, be amortized, prorated, allocated and spread throughout the stated term of the Loans evidenced by the Notes or other
Secured Obligations until payment in full so that the rate or amount of interest on account of any Loans or such Secured Obligations hereunder does not exceed the maximum amount allowed by such applicable law. If at any time and from time to time
(i) the amount of interest payable to any Lender or Issuing Bank on any date shall be computed at the Highest Lawful Rate applicable to such Lender or Issuing Bank pursuant to this Section 12.12 and (ii) in
respect of any subsequent interest computation period the amount of interest otherwise payable to such Lender or Issuing Bank would be less than the amount of interest payable to such Lender or Issuing Bank computed at the Highest Lawful Rate
applicable to such Lender or Issuing Bank, then the amount of interest payable to such Lender or Issuing Bank in respect of such subsequent interest computation period 

  
 112 

 
shall continue to be computed at the Highest Lawful Rate applicable to such Lender or Issuing Bank until the total amount of interest payable to such Lender or Issuing Bank shall equal the total
amount of interest which would have been payable to such Lender or Issuing Bank if the total amount of interest had been computed without giving effect to this Section 12.12. 

Section 12.13 EXCULPATION PROVISIONS. 

(a) 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.” 
 (b) THE BORROWER HEREBY ACKNOWLEDGES THAT
(I) THE EXTENSIONS OF CREDIT PROVIDED FOR HEREUNDER AND ANY RELATED ARRANGING OR OTHER SERVICES IN CONNECTION THEREWITH (INCLUDING IN CONNECTION WITH ANY AMENDMENT, WAIVER OR OTHER MODIFICATION HEREOF OR OF ANY OTHER LOAN DOCUMENT) ARE AN ARM’S-LENGTH COMMERCIAL TRANSACTION BETWEEN THE BORROWER AND THE OTHER CREDIT PARTIES, ON THE ONE HAND, AND THE ADMINISTRATIVE AGENT THE LENDERS AND ANY ISSUING BANK, ON THE OTHER HAND, AND THE BORROWER AND THE
OTHER CREDIT PARTIES ARE CAPABLE OF EVALUATING AND UNDERSTANDING AND UNDERSTAND AND ACCEPT THE TERMS, RISKS AND CONDITIONS OF THE TRANSACTIONS CONTEMPLATED HEREBY AND BY THE OTHER LOAN DOCUMENTS (INCLUDING ANY AMENDMENT, WAIVER OR OTHER MODIFICATION
HEREOF OR THEREOF); (II) IN CONNECTION WITH THE PROCESS LEADING TO SUCH TRANSACTION, EACH OF THE ADMINISTRATIVE AGENT, THE LENDERS AND THE ISSUING BANKS IS AND HAS BEEN ACTING SOLELY AS A PRINCIPAL AND IS NOT THE FINANCIAL ADVISOR, AGENT OR
FIDUCIARY FOR ANY OF THE BORROWER, ANY OTHER CREDIT PARTY OR ANY OF THEIR RESPECTIVE AFFILIATES, EQUITY HOLDERS, CREDITORS OR EMPLOYEES OR ANY OTHER PERSON; (III) NEITHER THE ADMINISTRATIVE AGENT, ANY OTHER AGENT, ANY ARRANGER, ANY LENDER NOR
ANY ISSUING BANK HAS ASSUMED OR WILL ASSUME AN ADVISORY, AGENCY OR FIDUCIARY RESPONSIBILITY IN FAVOR OF THE BORROWER OR ANY OTHER CREDIT PARTY WITH RESPECT TO ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THE PROCESS LEADING THERETO, INCLUDING WITH
RESPECT TO ANY AMENDMENT, WAIVER OR OTHER MODIFICATION HEREOF OR OF ANY OTHER LOAN DOCUMENT (IRRESPECTIVE OF WHETHER THE ADMINISTRATIVE AGENT, ANY OTHER AGENT, ANY ARRANGER, ANY LENDER OR ANY ISSUING BANK HAS ADVISED OR IS CURRENTLY ADVISING ANY OF
THE BORROWER, THE 

  
 113 

 
OTHER CREDIT PARTIES OR THEIR RESPECTIVE AFFILIATES ON OTHER MATTERS) AND NONE OF THE ADMINISTRATIVE AGENT, ANY OTHER AGENT, ANY ARRANGER, ANY LENDER OR ANY ISSUING BANK HAS ANY OBLIGATION TO ANY
OF THE BORROWER, THE OTHER CREDIT PARTIES OR THEIR RESPECTIVE AFFILIATES WITH RESPECT TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE, EXCEPT THOSE OBLIGATIONS EXPRESSLY SET FORTH HEREIN AND IN THE OTHER LOAN DOCUMENTS; (IV) THE BORROWER,
THE OTHER CREDIT PARTIES AND THEIR RESPECTIVE AFFILIATES WILL NOT ASSERT ANY CLAIM BASED ON ALLEGED BREACH OF FIDUCIARY DUTY; (V) THE ADMINISTRATIVE AGENT AND ITS AFFILIATES, EACH LENDER AND ITS AFFILIATES AND EACH ISSUING BANK AND ITS
AFFILIATES MAY BE ENGAGED IN A BROAD RANGE OF TRANSACTIONS THAT INVOLVE INTERESTS THAT DIFFER FROM THOSE OF THE BORROWER, THE OTHER CREDIT PARTIES AND THEIR RESPECTIVE AFFILIATES, AND NONE OF THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUING BANK
HAS ANY OBLIGATION TO DISCLOSE ANY OF SUCH INTERESTS BY VIRTUE OF ANY ADVISORY, AGENCY OR FIDUCIARY RELATIONSHIP; AND (VI) NEITHER THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUING BANK HAS PROVIDED AND NONE WILL PROVIDE ANY LEGAL,
ACCOUNTING, REGULATORY OR TAX ADVICE WITH RESPECT TO ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY (INCLUDING ANY AMENDMENT, WAIVER OR OTHER MODIFICATION HEREOF OR OF ANY OTHER LOAN DOCUMENT) AND THE BORROWER HAS CONSULTED ITS OWN LEGAL, ACCOUNTING,
REGULATORY AND TAX ADVISORS TO THE EXTENT IT HAS DEEMED APPROPRIATE. THE BORROWER HEREBY WAIVES AND RELEASES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CLAIMS THAT IT MAY HAVE AGAINST THE ADMINISTRATIVE AGENT WITH RESPECT TO ANY BREACH OR ALLEGED
BREACH OF AGENCY OR FIDUCIARY DUTY. 
 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 Obligations shall also extend to and be available to the Secured Swap Providers with respect to any Swap Agreement including any Swap Agreement in
existence prior to the date hereof, 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 another Secured Swap Provider that is not a Lender or an Affiliate of a Lender.    No Lender or any Affiliate of a Lender shall have any voting or consent rights under any Loan Document as a result of the existence of
obligations owed to it under any such Swap Agreements. 
 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 Bank 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 Administrative Agent, any other Agent, the
Issuing Bank or any Lender for any reason whatsoever. There are no third party beneficiaries. 
 Section 12.16 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 “USA Patriot
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 USA Patriot Act. 

  
 114 

 Section 12.17 Acknowledgement and Consent to
Bail-In of EEA Financial Institutions. 
 Notwithstanding anything to the contrary in any Loan
Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document may be subject to the write-down and
conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the
application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution,
its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this
Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in connection with the exercise of the
write-down and conversion powers of any EEA Resolution Authority. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 115 

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

							
	BORROWER:	 		 	 MONTAGE RESOURCES CORPORATION, a

Delaware corporation

							
				
	  
	 		 	By:	 	 /s/ Michael L. Hodges

		 		 	Name:	 	Michael L. Hodges
		 		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	 BANK OF MONTREAL, as Administrative Agent and an Issuing
Bank

 
			
		
	 By: 
	 	 /s/ Kevin Utsey

	Name:	 	 Kevin Utsey

	Title:	 	 Director

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	 BMO HARRIS FINANCING, INC., as
Lender

 
			
		
	 By:
	 	 /s/ Kevin Utsey

	Name: 	 	 Kevin Utsey

	Title:	 	 Director

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	KEYBANK NATIONAL ASSOCIATION, as an Issuing Bank and a Lender

 
			
		
	By: 	 	 /s/ George E. McKean

	Name: 	 	George E. McKean
	Title: 	 	Senior Vice President

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION,
as an Issuing Bank and a Lender

 
			
		
	By: 	 	 /s/ Christopher Kuna

	Name: 	 	Christopher Kuna
	Title: 	 	Director

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	BARCLAYS BANK PLC, as a Lender

 
			
		
	By: 	 	 /s/ Sydney G Dennis

	Name:	 	Sydney G Dennis
	Title:	 	Director

  
 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	ROYAL BANK OF CANADA, as a Lender

 
			
		
	By: 	 	 /s/ Kristan Spivey

	Name:	 	Kristan Spivey
	Title:	 	Authorized Signatory

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	CIT BANK, N.A., as a Lender

 
			
		
	By: 	 	 /s/ John Feeley

	Name:	 	John Feeley
	Title:	 	Director

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	CITIBANK, N.A., as a Lender

 
			
		
	By:	 	 /s/ Jeff Ard

	Name:	 	Jeff Ard
	Title:	 	Vice President

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	BRANCH BANKING & TRUST COMPANY, as
a Lender

 
			
		
	By: 	 	 /s/ Robert Kret

	Name:	 	Robert Kret
	Title:	 	VP

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	EAST WEST BANK, as a Lender

 
			
		
	By:	 	 /s/ Laura A. Nelson

	Name:	 	Laura A. Nelson
	Title:	 	Assistant Vice President

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	HUNTINGTON NATIONAL BANK, as a Lender

 
			
		
	By: 	 	 /s/ Margaret Niekrash

	Name:	 	Margaret Niekrash
	Title:	 	Senior Vice President

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	WELLS FARGO BANK, N.A., as a Lender

 
			
		
	By: 	 	 /s/ Edward Markham

	Name:	 	Edward Markham
	Title:	 	Director

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	GOLDMAN SACHS BANK USA, as a Lender

 
			
		
	By: 	 	 /s/ Ryan Durkin

	Name:	 	Ryan Durkin
	Title:	 	Authorized Signatory

 Signature Page 

Third Amended and Restated Credit Agreement 

 
			
	BP ENERGY CORPORATION, as a Lender

 
			
		
	By: 	 	 /s/ Timothy Yee

	Name:	 	Timothy Yee
	Title:	 	Attorney-in-Fact

 Signature Page 

Third Amended and Restated Credit Agreement 

 ANNEX I 

LIST OF COMMITMENTS 

Applicable Percentages and Aggregate Maximum Credit Amounts 
  

													
	 Name of Lender
	  	Applicable
Percentage	 	 	Applicable
Percentage of
Borrowing Base	 	  	Maximum Credit
Amount	 
	 BMO Harris Financing, Inc.
	  	 	11.866666667	% 	 	$	44,500,000.00	 	  	$	118,666,666.67	 
	 KeyBank, National Association
	  	 	11.333333333	% 	 	$	42,500,000.00	 	  	$	113,333,333.33	 
	 Capital One, National Association
	  	 	11.333333333	% 	 	$	42,500,000.00	 	  	$	113,333,333.33	 
	 Barclays Bank PLC
	  	 	9.333333333	% 	 	$	35,000,000.00	 	  	$	93,333,333.33	 
	 Royal Bank of Canada
	  	 	9.333333333	% 	 	$	35,000,000.00	 	  	$	93,333,333.33	 
	 CIT Bank, N.A.
	  	 	9.333333333	% 	 	$	35,000,000.00	 	  	$	93,333,333.33	 
	 Citibank, N.A.
	  	 	9.333333333	% 	 	$	35,000,000.00	 	  	$	93,333,333.33	 
	 Branch Banking & Trust Company
	  	 	6.666666667	% 	 	$	25,000,000.00	 	  	$	66,666,666.67	 
	 East West Bank
	  	 	6.666666667	% 	 	$	25,000,000.00	 	  	$	66,666,666.67	 
	 Huntington National Bank
	  	 	6.666666667	% 	 	$	25,000,000.00	 	  	$	66,666,666.67	 
	 Wells Fargo Bank, N.A.
	  	 	6.666666667	% 	 	$	25,000,000.00	 	  	$	66,666,666.67	 
	 Goldman Sachs Bank USA
	  	 	1.333333333	% 	 	$	5,000,000.00	 	  	$	13,333,333.33	 
	 BP Energy Corporation
	  	 	0.133333333	% 	 	$	500,000.00	 	  	$	1,333,333.33	 
	 TOTAL
	  	 	100.000000000	% 	 	$	375,000,000.00	 	  	$	1,000,000,000.00	 

  
 Annex I -1 

 EXHIBIT A 

FORM OF NOTE 

[                    ],
20[    ] 
 FOR VALUE RECEIVED, Montage Resources Corporation (f/k/a Eclipse Resources Corporation), a Delaware
corporation (the “Borrower”), hereby promises to pay to [    ] (the “Lender”), at the principal office of Bank of Montreal (the “Administrative Agent”), or at such other place as
from time to time may be designated by the holder of this Note, the principal sum equal to the amount of such Lender’s Maximum Credit Amount, or, if greater or less, the aggregate unpaid principal amount of the Loans made by the Lender to the
Borrower pursuant to the terms of the Credit Agreement (as hereinafter defined), together with interest on the unpaid principal balance thereof, at the rates per annum and on the dates provided in the Credit Agreement, in lawful money of the
United States of America and in immediately available funds. 
 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 a schedule attached hereto or
on any separate record maintained by the Lender. Failure to make any such recordation 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 Third Amended and Restated Credit Agreement dated as of February 28, 2019
among the Borrower, the 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, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 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 secured by and 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. 
 [Signature page follows.] 

  
 Exhibit A - 1 

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

			
	MONTAGE RESOURCES CORPORATION, a
	Delaware corporation

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit A - 2 

 EXHIBIT B 

FORM OF BORROWING REQUEST 

[                    ],
20[     ] 
 Montage Resources Corporation (f/k/a Eclipse Resources Corporation), a Delaware corporation (the
“Borrower”), pursuant to Section 2.03 of the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (together with all amendments, restatements, amendments and restatements, supplements or other modifications
thereto, the “Credit Agreement”) among the Borrower, Bank of Montreal, as Administrative Agent and the other agents and lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein,
each capitalized term used herein is defined in the Credit Agreement), 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
[                     ]];2 

(v) Amount of Borrowing Base in effect on the date hereof is
$[                     ] and the Aggregate Maximum Credit Amounts in effect on the date hereof is
$[                     ]; 
 (vi) Total
Revolving Credit Exposures on the date hereof (i.e., outstanding principal amount of Loans and total LC Exposure prior to giving effect to the requested Borrowing) is
$[                     ]; and 
 (vii)
Pro forma total Revolving Credit Exposures (giving effect to the requested Borrowing) is $[                    ]; and 

(viii) 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: 

[                          
              ] 

[                          
              ] 

[                          
              ] 

[                          
              ] 
 [Signature page follows.] 

 
  

	1 	 Such date shall be a Business Day. 

	2 	 Such Interest Period must be contemplated by the definition of the term “Interest Period”.

  
 Exhibit B - 1 

 The undersigned certifies that he/she is the
[                        ] 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 Borrower is entitled to receive the requested Borrowing under the terms and conditions of the Credit Agreement. 

 

			
	MONTAGE RESOURCES CORPORATION, a
	Delaware corporation

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit B - 2 

 EXHIBIT C 

FORM OF INTEREST ELECTION REQUEST 

[                    ],
20[    ] 
 Montage Resources Corporation (f/k/a Eclipse Resources Corporation), a Delaware corporation (the
“Borrower”), pursuant to Section 2.04 of the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (together with all amendments, restatements, amendments and restatements, supplements or other modifications
thereto, the “Credit Agreement”) among the Borrower, Bank of Montreal, as Administrative Agent and the other agents and lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein,
each capitalized term used herein is defined in the Credit Agreement), 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 date3 of the election made pursuant to this
Interest Election Request is [                     ], 20[    ];[and] 

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

[(iv)   [If the resulting Borrowing is a Eurodollar Borrowing] The Interest Period applicable to the resulting Borrowing after
giving effect to such election is [    ]]. 
 The undersigned certifies that he/she is the
[                    ] 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 Borrower is entitled to receive the requested continuation or conversion under the terms and conditions of the Credit Agreement. 

 

			
	MONTAGE RESOURCES CORPORATION, a
	Delaware corporation

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

	3 	 Such date shall be a Business Day. 

  
 Exhibit C - 1 

 EXHIBIT D 

FORM OF COMPLIANCE CERTIFICATE 

The undersigned hereby certifies that he/she is the
[                    ] of Montage Resources Corporation (f/k/a Eclipse Resources Corporation), 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 Third Amended and Restated Credit Agreement dated as of February 28, 2019 (together with all amendments,
restatements, amendments and restatements, supplements or other modifications thereto being the “Credit Agreement”) among the Borrower, Bank of Montreal, as Administrative Agent, and the other agents and lenders (the
“Lenders”) which are or become a party thereto, and such Lenders, the undersigned represents and warrants as follows (each capitalized term used herein having the same meaning given to it in the Credit Agreement unless otherwise
specified): 
 (a)    There exists no Default or Event of Default as of [as applicable—last day of fiscal
quarter/last day of fiscal year] [or if a Default or Event of Default then exists specify Default or Event of Default and describe action taken or proposed to be taken]. 

(b)    Attached hereto are the 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 [                         ].

 (c)    There has been no change in GAAP or in the applications thereof since [date of applicable financial statement]
[or if any such change occurred, specify the effect of such change on the financial statements accompanied hereby]. 
 [(d) Attached hereto
are exhibits setting forth consolidating spreadsheets that show the financial condition and results of Unrestricted Subsidiaries of the Borrower that are not Immaterial Subsidiaries in such form as would be presentable to the auditors of the
Borrower.]4 
 [Signature page follows.] 

 

	4 	 Applicable if the Borrower has designated as an Unrestricted Subsidiary any of its Subsidiaries that is not an
Immaterial Subsidiary. Certification must be made by a Financial Officer. 

  
 Exhibit D - 1 

 EXECUTED AND DELIVERED this
[                    ] day of
[                    ]. 
  

			
	MONTAGE RESOURCES CORPORATION, a Delaware corporation

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit D - 2 

 EXHIBIT E 

SECURITY INSTRUMENTS 
  

	1.	 Third Amended and Restated Guarantee and Collateral Agreement. 

 

	2.	 Third Amendment and Supplement to Fourth Amended and Restated Open-End
Mortgage, Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement and Continuation Statement. 

 

	3.	 UCC-1 financing statements in respect of the foregoing.

  

	4.	 Control Agreements, limited to solely: (a) that certain Amended and Restated Blocked Account Agreement,
dated as of August 5, 2015, by and among Manufacturers and Traders Trust Company, the Borrower and the Administrative Agent, (b) that certain Blocked Account Agreement, dated as of August 5, 2015, by and among Manufacturers and Traders Trust
Company, Eclipse Resources Marketing, LP and the Administrative Agent, (c) that certain Amended and Restated Blocked Account Agreement, dated as of August 5, 2015, by and among Manufacturers and Traders Trust Company, Eclipse Resources I, LP
and the Administrative Agent and (d) that certain Deposit Account and Sweep Investment Control Agreement by and among Wells Fargo Bank, National Association, the Guarantors party thereto and the Administrative Agent. 

  
 Exhibit E - 1 

 EXHIBIT F 

FORM OF THIRD AMENDED AND RESTATED 

GUARANTY AND COLLATERAL AGREEMENT 

[Attached] 

  
 Exhibit F - 1 

 Execution Version 

 
  

THIRD AMENDED AND RESTATED 

GUARANTEE AND COLLATERAL AGREEMENT 

made by 
 each of the Grantors (as
defined herein) 
 in favor of 

BANK OF MONTREAL, 
 as
Administrative Agent 
 Dated as of February 28, 2019 
  

 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
	ARTICLE I DEFINITIONS	  	 	2	 
			
	 Section 1.01
	    	Definitions	  	 	2	 
	 Section 1.02
	    	Other Definitional Provisions; References	  	 	3	 
		
	ARTICLE II GUARANTEE	  	 	4	 
			
	 Section 2.01
	    	Guarantee	  	 	4	 
	 Section 2.02
	    	Payments	  	 	4	 
		
	ARTICLE III GRANT OF SECURITY INTEREST	  	 	4	 
			
	 Section 3.01
	    	Grant of Security Interest	  	 	4	 
	 Section 3.02
	    	Transfer of Pledged Securities	  	 	6	 
	 Section 3.03
	    	Grantors Remain Liable under Accounts, Chattel Paper and Payment Intangibles	  	 	6	 
	 Section 3.04
	    	Pledged Securities	  	 	7	 
		
	ARTICLE IV ACKNOWLEDGMENTS, WAIVERS AND CONSENTS	  	 	7	 
			
	 Section 4.01
	    	Acknowledgments, Waivers and Consents	  	 	7	 
	 Section 4.02
	    	No Subrogation, Contribution or Reimbursement	  	 	9	 
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES	  	 	9	 
			
	 Section 5.01
	    	Representations in Credit Agreement	  	 	10	 
	 Section 5.02
	    	Benefit to the Guarantor	  	 	10	 
	 Section 5.03
	    	No Other Liens	  	 	10	 
	 Section 5.04
	    	Perfected First Priority Liens	  	 	10	 
	 Section 5.05
	    	Legal Name, Organizational Status, Chief Executive Office	  	 	10	 
	 Section 5.06
	    	Prior Names and Addresses	  	 	11	 
	 Section 5.07
	    	Pledged Securities	  	 	11	 
	 Section 5.08
	    	Goods	  	 	11	 
	 Section 5.09
	    	Instruments and Chattel Paper	  	 	11	 
	 Section 5.10
	    	Truth of Information; Accounts	  	 	11	 
	 Section 5.11
	    	Governmental Obligors	  	 	11	 
		
	ARTICLE VI COVENANTS	  	 	11	 
			
	 Section 6.01
	    	Covenants in Credit Agreement	  	 	11	 
	 Section 6.02
	    	Maintenance of Perfected Security Interest; Further Documentation	  	 	12	 
	 Section 6.03
	    	Further Identification of Collateral	  	 	13	 
	 Section 6.04
	    	Changes in Locations, Name, etc	  	 	13	 
	 Section 6.05
	    	Compliance with Contractual Obligations	  	 	13	 
	 Section 6.06
	    	Pledged Securities	  	 	13	 
	 Section 6.07
	    	Limitations on Modifications, Waivers, Extensions of Agreements Giving Rise to Accounts	  	 	14	 
	 Section 6.08
	    	Analysis of Accounts, Etc	  	 	15	 
	 Section 6.09
	    	Instruments and Tangible Chattel Paper	  	 	15	 
	 Section 6.10
	    	Commercial Tort Claims	  	 	15	 
	 Section 6.11
	    	Keepwell	  	 	16	 
		
	ARTICLE VII REMEDIAL PROVISIONS	  	 	16	 
			
	 Section 7.01
	    	Pledged Securities	  	 	16	 
	 Section 7.02
	    	Collections on Accounts, Etc	  	 	17	 

  
 i 

							
	 Section 7.03
	    	Proceeds	  	 	17	 
	 Section 7.04
	    	New York UCC and Other Remedies	  	 	18	 
	 Section 7.05
	    	Private Sales of Pledged Securities	  	 	19	 
	 Section 7.06
	    	Waiver; Deficiency	  	 	19	 
	 Section 7.07
	    	Non-Judicial Enforcement	  	 	19	 
		
	ARTICLE VIII THE ADMINISTRATIVE AGENT	  	 	19	 
			
	 Section 8.01
	    	Administrative Agent’s Appointment as Attorney-in-Fact, Etc	  	 	19	 
	 Section 8.02
	    	Duty of Administrative Agent	  	 	21	 
	 Section 8.03
	    	Execution of Financing Statements	  	 	21	 
	 Section 8.04
	    	Authority of Administrative Agent	  	 	22	 
		
	ARTICLE IX SUBORDINATION OF INDEBTEDNESS	  	 	22	 
			
	 Section 9.01
	    	Subordination of All Grantor Claims	  	 	22	 
	 Section 9.02
	    	Claims in Bankruptcy	  	 	22	 
	 Section 9.03
	    	Payments Held in Trust	  	 	22	 
	 Section 9.04
	    	Liens Subordinate	  	 	23	 
	 Section 9.05
	    	Notation of Records	  	 	23	 
		
	ARTICLE X MISCELLANEOUS	  	 	23	 
			
	 Section 10.01
	    	Waiver	  	 	23	 
	 Section 10.02
	    	Notices	  	 	23	 
	 Section 10.03
	    	Payment of Expenses, Indemnities, Etc	  	 	23	 
	 Section 10.04
	    	Amendments in Writing	  	 	24	 
	 Section 10.05
	    	Successors and Assigns	  	 	24	 
	 Section 10.06
	    	Invalidity	  	 	24	 
	 Section 10.07
	    	Counterparts	  	 	24	 
	 Section 10.08
	    	Survival	  	 	24	 
	 Section 10.09
	    	Captions	  	 	25	 
	 Section 10.10
	    	No Oral Agreements	  	 	25	 
	 Section 10.11
	    	Governing Law; Submission to Jurisdiction	  	 	25	 
	 Section 10.12
	    	Acknowledgments	  	 	25	 
	 Section 10.13
	    	Additional Grantors	  	 	26	 
	 Section 10.14
	    	Set-Off	  	 	26	 
	 Section 10.15
	    	Releases	  	 	26	 
	 Section 10.16
	    	Reinstatement	  	 	27	 
	 Section 10.17
	    	Acceptance	  	 	27	 
	 Section 10.18
	    	Amendment and Restatement	  	 	27	 

  
 ii 

 Schedules and Annexes 
  

			
	Schedule 1	  	Notice Addresses of Guarantors
	Schedule 2	  	Description of Pledged Securities
	Schedule 3	  	Filings and Other Actions Required to Perfect Security Interests
	Schedule 4	  	Legal Name, Location of Jurisdiction of Organization, Organizational Identification Number, Taxpayor Identification Number and Chief Executive Office
	Schedule 5	  	Prior Names, Prior Chief Executive Office, Location of Tangible Assets
		
	Annex I	  	Acknowledgment and Consent 
	Annex II	  	Form of Assumption Agreement

  
 iii 

 This THIRD AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT, dated as
of February 28, 2019, is made by MONTAGE RESOURCES CORPORATION (f/k/a Eclipse Resources Corporation), a Delaware corporation (the “Borrower”), and each of the other signatories hereto other than the Administrative Agent (the
Borrower and each of the other signatories hereto other than the Administrative Agent, together with any other Subsidiary of the Borrower that becomes a party hereto from time to time after the date hereof, and until it is released from this
Agreement in accordance with and to the extent permitted under the Loan Documents, the “Grantors”), in favor of BANK OF MONTREAL, as administrative agent (in such capacity, together with its successors in such capacity, the
“Administrative Agent”), for the banks and other financial institutions (the “Lenders”) from time to time parties to the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders and the Administrative Agent. 

R E C I T A L S: 

A.    Reference is made to that certain Second Amended and Restated Credit Agreement dated as of June 11, 2015 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”), among the Borrower, the Existing Lenders and BMO, as administrative agent for the
Existing Lenders. 
 B.    In connection with the Existing Credit Agreement, the Grantors executed that certain Second
Amended and Restated Guarantee and Collateral Agreement in favor BMO, as administrative agent for the Existing Lenders, dated as of July 6, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior
to the date hereof, the “Existing Guarantee and Collateral Agreement”). 
 C.    Pursuant to the
Credit Agreement, the Lenders have severally agreed to amend and restate the Existing Credit Agreement and to make extensions of credit to the Borrower upon the terms and subject to the conditions set forth in the Credit Agreement. 

D.    The Borrower and/or certain of the Borrower’s Restricted Subsidiaries and certain Secured Swap Providers have
or may enter into certain Swap Agreements. 
 E.    The Borrower and/or certain of the Borrower’s Restricted
Subsidiaries and certain Bank Products Providers have or may enter into certain agreements regarding Bank Products. 

F.    The Borrower is a member of an affiliated group of companies that includes each other Grantor. 

G.    The Borrower and the other Grantors are engaged in related businesses, and each Grantor will derive substantial
direct and indirect benefit from the execution of this Agreement and the making of the extensions of credit under the Credit Agreement and from the Swap Agreements and Bank Products. 

H.    It is a condition precedent to the amendment and restatement of the Existing Credit Agreement and to the obligation
of the Lenders to make their respective loans and extensions of credit to the Borrower under the Credit Agreement that the Grantors shall have executed and delivered this Agreement to the Administrative Agent for the benefit of the Secured Parties.

 I.    In consideration of the premises and to induce the Administrative Agent and the Lenders to amend and restate
the Existing Credit Agreement and to enter into the Credit Agreement and to induce the Lenders to make their respective loans to and extensions of credit on behalf of the Borrower thereunder 

 
and to enter into or provide Swap Agreement and Bank Products, each Grantor hereby agrees with the Administrative Agent, for the ratable benefit of the Secured Parties, to amend and restate the
Existing Guarantee and Collateral Agreement as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01    Definitions. 

(a)    As used in this Agreement, each term defined herein shall have the meaning indicated herein. Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, and the following terms as well as all uncapitalized terms which are defined in the New York UCC (whether or not
capitalized or uncapitalized in the same manner therein) on the date hereof are used herein as so defined: Accounts, Chattel Paper, Commercial Tort Claims, Commodity Accounts, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment,
Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of- Credit Rights, Payment Intangibles, Proceeds, Securities Accounts, Supporting Obligations, and Tangible Chattel
Paper. 
 (b) The following terms shall have the following meanings: 

“Account Debtor” shall mean a Person (other than any Grantor) obligated on an Account, Chattel Paper, or General Intangible.

 “Agreement” shall mean this Third Amended and Restated Guarantee and Collateral Agreement, as the same may be amended,
restated, amended and restated supplemented or otherwise modified from time to time. 
 “Collateral” shall have the meaning
assigned such term in Section 3.01. 
 “Excluded Accounts” means (a) each Deposit Account
all or substantially all of the deposits in which consist of amounts utilized to fund payroll, employee benefit or tax obligations of the Borrower and its Subsidiaries, (b) each Deposit Account for which the deposits of third parties are
maintained, (c) escrow or fiduciary Deposit Accounts, (d) “zero balance” Deposit Accounts and (e) each Deposit Account for which the average daily balance in any calendar month does not exceed $500,000; provided that the
average daily balance in any calendar month for all such Deposit Accounts excluded pursuant to this clause (e) shall not exceed $2,000,000 in the aggregate. 

“Guarantors” shall mean, collectively, each Grantor other than the Borrower. 

“Issuers” shall mean, collectively, each Grantor or other Restricted Subsidiary of the Borrower that is an issuer of a
Pledged Security. 
 “New York UCC” shall mean the Uniform Commercial Code, as it may be amended, from time to time in
effect in the State of New York. 
 “Paid In Full In Cash” shall mean (a) the 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 Loans outstanding
under the Credit Agreement, (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 Agreement (other than any

  
 2 

 
contingent indemnification or reimbursement obligation for which no claim has been made), including the posting of the cash collateral for outstanding Letters of Credit as required by the terms
of the Credit Agreement, (c) the expiration or termination of all Commitments under the Credit Agreement, (d) payment in full in cash of all amounts due and owing (or posting of acceptable collateral in respect of all such obligations)
under each Bank Products Agreement giving rise to Secured Obligations, and (e) payment in full in cash of all amounts due and owing (or posting of acceptable collateral in respect of all such obligations) under, or the novation or termination
of, each Swap Agreement giving rise to any Secured Obligations. 
 “Pledged Securities” shall mean: (a) all Equity
Interests now owned or hereafter acquired by any Grantor, including, without limitation, the Equity Interests described or referred to in Schedule 2; and (b) (i) the certificates or instruments, if any, representing such Equity Interests,
(ii) all dividends (cash, stock 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 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 and (v) all books and records relating to any of the property referred to in this definition. 

“Post-Default Rate” shall mean the rate per annum provided for in Section 3.02(c) of the Credit Agreement, but in
no event to exceed the Highest Lawful Rate. 
 “Qualified Keepwell Provider” shall mean, in respect of any Swap Obligation,
each Grantor that, at the time the relevant guarantee (or grant of the relevant security interest, as applicable) becomes effective with respect to such Swap Obligation, has total assets exceeding $10,000,000 or otherwise constitutes an
“eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such
time by entering into a keepwell pursuant to Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Secured
Agreement” shall mean any agreement giving rise to a Secured Obligation. 
 “Securities Act” shall mean the
Securities Act of 1933, as amended. 
 Section 1.02 Other Definitional Provisions; References. The meanings given to terms
defined herein shall be equally applicable to both the singular and plural forms of such terms. The gender of all words shall include the masculine, feminine, and neuter, as appropriate. The words “herein,” “hereof,”
“hereunder” and other words of similar import when used in this Agreement refer to this Agreement as a whole, and not to any particular article, section or subsection. Any reference herein to a Section shall be deemed to refer to the
applicable Section of this Agreement unless otherwise stated herein. Any reference herein to an exhibit, schedule or annex shall be deemed to refer to the applicable exhibit, schedule or annex attached hereto unless otherwise stated herein. Where
the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. The use of the phrase “subject to” or words of like
import as used in connection with Excepted Liens or otherwise and the permitted existence of any Liens permitted by Section 9.03 of the Credit Agreement or any other Liens shall not be interpreted to expressly or impliedly subordinate any Liens
granted in favor of the Administrative Agent and the other Secured Parties as there is no intention to subordinate the Liens granted in favor of the Administrative Agent and the other Secured Parties. 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. 

  
 3 

 ARTICLE II 

GUARANTEE 

Section 2.01    Guarantee. 

(a)    Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the
Administrative Agent, for the ratable benefit of the Secured Parties and each of their respective successors and permitted assigns, the prompt and complete payment and performance by the Borrower and the Guarantors when due (whether at the stated
maturity, by acceleration or otherwise) of the Secured Obligations. This is a guarantee of payment and performance when due and not of collection and the liability of each Guarantor is primary and not secondary. 

(b)    Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each
Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws relating to the insolvency of debtors. 

(c)    Each Guarantor agrees that the Secured Obligations may at any time and from time to time exceed the amount of the
liability of such Guarantor hereunder without impairing the guarantee contained in this Article II or affecting the rights and remedies of the Administrative Agent or any Secured Party hereunder. 

(d)    Each Guarantor agrees that if the maturity of any of the Secured Obligations is accelerated by bankruptcy or
otherwise, such maturity shall also be deemed accelerated for the purpose of this guarantee without demand or notice to such Guarantor. The guarantee contained in this Article II shall remain in full force and effect until the Secured
Obligations are Paid In Full In Cash. 
 (e)    No payment made by the Borrower, any of the Guarantors, any other
guarantor or any other Person or received or collected by the Administrative Agent or any other Secured Party from the Borrower, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any
Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Secured Obligations or any payment received or collected from such Guarantor in respect of the Secured Obligations),
remain liable for the Secured Obligations up to the maximum liability of such Guarantor hereunder until the Secured Obligations are Paid In Full In Cash. 

Section 2.02 Payments. Each Guarantor hereby agrees and guarantees that payments hereunder will be paid to the Administrative
Agent without set-off or counterclaim in dollars that constitute immediately available funds at the principal office of the Administrative Agent specified pursuant to the Credit Agreement. 

ARTICLE III 
 GRANT OF
SECURITY INTEREST 
 Section 3.01 Grant of Security Interest. Each Grantor hereby pledges, assigns and transfers to the
Administrative Agent, and grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor
now has or at any time in the future may acquire any right, title or interest and whether now existing or hereafter coming into existence (collectively, the “Collateral”), as 

  
 4 

 
collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations: 

 

	 	(1)	 all Accounts; 

  

	 	(2)	 all Chattel Paper (whether Tangible Chattel Paper or Electronic Chattel Paper); 

 

	 	(3)	 all Commercial Tort Claims; 

 

	 	(4)	 all Deposit Accounts, all Commodity Accounts and all Securities Accounts; 

 

	 	(5)	 all Documents; 

  

	 	(6)	 all General Intangibles (including, without limitation, rights in and under any Swap Agreements);

  

	 	(7)	 all Goods (including, without limitation, all Inventory and all Equipment); 

 

	 	(8)	 all Instruments; 

  

	 	(9)	 all Investment Property; 

 

	 	(10)	 all Letter-of-Credit Rights
(whether or not the letter of credit is evidenced by a writing); 

  

	 	(11)	 all Pledged Securities; 

 

	 	(12)	 all Supporting Obligations; 

 

	 	(13)	 all books and records pertaining to the Collateral; 

(14)    to the extent not otherwise included, any other property insofar as it consists of personal property of any kind or
character defined in and subject to the New York UCC; and 
 (15)    to the extent not otherwise included, all Proceeds
and products of any and all of the foregoing and all collateral security, income, royalties and other payments now or hereafter due and payable with respect to, and guarantees and supporting obligations relating to, any and all of the Collateral
and, to the extent not otherwise included, all payments of insurance (whether or not the Administrative Agent is the loss payee thereof), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any
of the foregoing Collateral, all other claims, including all cash, guarantees and other Supporting Obligations given with respect to any of the foregoing. 

Notwithstanding the foregoing, in no event shall the Collateral include, and no Grantor shall be deemed to have granted a security interest in, any of such
Grantor’s rights or interests in or under: (a) any permit, lease, license, contract or other agreement to which such Grantor is a party and any property of such Grantor subject to a purchase money Lien, Capital Lease or similar arrangement
permitted under the Credit Agreement and, in each case, such Grantor’s rights and interests therein, to the extent that the grant of a security interest thereon (i) shall constitute or result in a breach of, a default under, an
invalidation of, a termination of, or the unenforceability of any right of such Grantor under, such permit, lease, license, contract or other agreement or the agreement governing such purchase money Lien, Capital Lease or similar arrangement, or
(ii) requires the consent of, or creates a right of termination in favor of, any Person (other than such Grantor) with respect to such permit, lease, license, contract or other agreement or such agreement governing such purchase money Lien,
Capital Lease or similar arrangement, provided, however, that the 

  
 5 

 Collateral shall include (and such security interest shall attach) immediately at such time as the
contractual or legal provisions referred to above shall no longer be applicable and to the extent severable, and shall attach immediately to any portion of such permit, lease, license, contract or other agreement or such property subject to a
purchase money Lien, Capital Lease or similar arrangement, as applicable, not subject to the provisions specified in clauses (i) and (ii) above, (b) any motor vehicles or other certificated equipment, rolling stock or
Excluded Account of a type described in clauses (a) through (c) of the definition thereof (for so long as it is an Excluded Account), (c) any (i) voting Equity Interests of any Subsidiary that is not a Domestic
Subsidiary whose Equity Interests are owned directly by the Borrower or a Domestic Subsidiary in excess of 65% of the total outstanding amount of any class of voting Equity Interests of such Subsidiary and (ii) Equity Interests of any
Subsidiary that is not a Domestic Subsidiary whose Equity Interests are not owned directly by the Borrower or a Domestic Subsidiary, (d) any other property of any Credit Party and such Credit Party’s rights and interests therein, to the
extent that, and only for so long as, the grant of a security interest hereunder thereon is prohibited by, or a violation of, applicable law or (e) any Equity Interests of any Unrestricted Subsidiary; provided that the exclusions
referred to in clauses (a) and (d) shall not apply to the extent that such laws, rules, regulations, agreements, terms or provisions referred to therein (A) would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC or the Uniform Commercial Code of any relevant
jurisdiction or any other applicable law (including any debtor relief law or principle of equity) or (B) have been waived or consent to the creation hereunder of a security interest in such property has otherwise been obtained; provided,
further that the exclusions referred to in clause (a) shall not include any proceeds (as defined in the New York UCC or the Uniform Commercial Code of any relevant jurisdiction) of such permit, lease, license, contract or
other agreement or property, unless any assets constituting such proceeds are themselves subject to the exclusions set forth in any of clauses (a) through (d) above. For the avoidance of doubt, insurance proceeds payable to
the Borrower or any of its Subsidiaries shall be received by any of them, as applicable, to the extent they constitute Collateral, and may be reinvested (by means of replacements, acquisition, repair, improvement, construction or development) in
assets (including Equity Interests of a Person) in accordance with the terms of the Credit Agreement. 
 Section 3.02 Transfer of
Pledged Securities. All certificates and instruments representing or evidencing the Pledged Securities shall be delivered to and held pursuant hereto by the Administrative Agent or a Person designated by the Administrative Agent and, in the case
of an instrument or certificate in registered form, shall be duly indorsed to the Administrative Agent or in blank by an effective indorsement (whether on the certificate or instrument or on a separate writing), and accompanied by any required
transfer tax stamps to effect the pledge of the Pledged Securities to the Administrative Agent. Notwithstanding the preceding sentence, all Pledged Securities must be delivered or transferred in such manner, and each Grantor shall take all such
further action as may be requested by the Administrative Agent, as to permit the Administrative Agent to be a “protected purchaser” to the extent of its security interest as provided in
Section 8-303 of the New York UCC (if the Administrative Agent otherwise qualifies as a protected purchaser). 

Section 3.03 Grantors Remain Liable under Accounts, Chattel Paper and Payment Intangibles. Anything herein to the contrary
notwithstanding, each Grantor shall remain liable under each of the Accounts, Chattel Paper and Payment Intangibles to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the
terms of any agreement giving rise to each such Account, Chattel Paper or Payment Intangible. Neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any Account, Chattel Paper or Payment Intangible
(or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any such other Secured Party of any payment relating to such Account, Chattel Paper or Payment Intangible, pursuant
hereto, nor shall the Administrative Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account, Chattel Paper or Payment Intangible (or any agreement giving rise
thereto), to make any 

  
 6 

 payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the
sufficiency of any performance by any party under any Account, Chattel Paper or Payment Intangible (or any agreement giving rise thereto), to present or file any claim, to take any action to enforce any performance or to collect the payment of any
amounts which may have been assigned to it or to which it may be entitled at any time or times. 
 Section 3.04 Pledged
Securities. The granting of the foregoing security interest does not make the Administrative Agent or any Secured Party a successor to Grantor as a partner or member in any Issuer that is a partnership, limited partnership or limited liability
company, as applicable, and neither the Administrative Agent, any Secured Party, nor any of their respective successors or assigns hereunder shall be deemed to have become a partner or member in any Issuer, as applicable, by accepting this Agreement
or exercising any right granted herein unless and until such time, if any, when any such Person expressly becomes a partner or member in any Issuer, as applicable, and complies with any applicable transfer provisions set forth in the charter or
organizational documents relating to an applicable Pledged Security after a foreclosure thereon. 
 ARTICLE IV 

ACKNOWLEDGMENTS, WAIVERS AND CONSENTS 

Section 4.01    Acknowledgments, Waivers and Consents. 

(a)    Each Grantor acknowledges and agrees that the obligations undertaken by it under this Agreement involve the
guarantee of, and the provision of collateral security for, the Secured Obligations, which obligations consist, in part, of the obligations of Persons other than such Grantor and that such Grantor’s guarantee and provision of collateral
security for the Secured Obligations are absolute, irrevocable and unconditional under any and all circumstances, except as expressly provided herein or in any other Loan Document. In full recognition and furtherance of the foregoing, each Grantor
understands and agrees, to the fullest extent permitted under applicable law and except as may otherwise be expressly and specifically provided in the Loan Documents, that each Grantor shall remain obligated hereunder (including, without limitation,
with respect to the guarantee made by such Grantor hereby and the collateral security provided by such Grantor herein) and the enforceability and effectiveness of this Agreement and the liability of such Grantor, and the rights, remedies, powers and
privileges of the Administrative Agent and the other Secured Parties under this Agreement and the other Loan Documents shall not be affected, limited, reduced, discharged or terminated in any way: 

(i)    notwithstanding that, without any reservation of rights against any Grantor and without notice to or further
assent by any Grantor, (A) any demand for payment of any of the Secured Obligations made by the Administrative Agent or any other Secured Party may be rescinded by the Administrative Agent or such other Secured Party and any of the Secured
Obligations continued; (B) the Secured Obligations, the liability of any other Person upon or for any part thereof or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in
part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by, or any indulgence or forbearance in respect thereof granted by, the Administrative Agent or any other Secured Party; (C) the Secured
Agreements and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders, the Majority Lenders or all Lenders,
as the case may be) may deem advisable from time to time; (D) any Grantor or any other Person may from time to time accept or enter into new or additional agreements, security documents, guarantees or other instruments in addition to, in
exchange for or relative to, any Secured Agreement, all or any part of the Secured Obligations or any Collateral now or in the future serving as security for the Secured Obligations; (E) any collateral security, guarantee or right of offset at
any time held by the Administrative Agent or any other Secured Party for the payment of the Secured Obligations may be sold, exchanged, waived, surrendered or released; and (F) any other event shall occur which constitutes a defense or release
of sureties generally; and 

  
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 (ii)    without regard to, and each Grantor hereby expressly waives to
the fullest extent permitted by law any defense now or in the future arising by reason of, (A) the illegality, invalidity or unenforceability of the Credit Agreement, any other Secured Agreement, any of the Secured Obligations or any other
collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Administrative Agent or any other Secured Party, (B) any defense, set-off or
counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted by any Grantor or any other Person against the Administrative Agent or any other Secured Party, (C) the insolvency, bankruptcy
arrangement, reorganization, adjustment, composition, liquidation, disability, dissolution or lack of power of any Grantor or any other Person at any time liable for the payment of all or part of the Secured Obligations or the failure of the
Administrative Agent or any other Secured Party to file or enforce a claim in bankruptcy or other proceeding with respect to any Person; or any sale, lease or transfer of any or all of the assets of the any Grantor, or any changes in the
shareholders of any Grantor; (D) the fact that any Collateral or Lien contemplated or intended to be given, created or granted as security for the repayment of the Secured Obligations shall not be properly perfected or created, or shall prove
to be unenforceable or subordinate to any other Lien, it being recognized and agreed by each of the Grantors that it is not entering into this Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability,
collectability or value of any of the Collateral for the Secured Obligations; (E) any failure of the Administrative Agent or any other Secured Party to marshal assets in favor of any Grantor or any other Person, to exhaust any collateral for
all or any part of the Secured Obligations, to pursue or exhaust any right, remedy, power or privilege it may have against any Grantor or any other Person or to take any action whatsoever to mitigate or reduce any Grantor’s liability under this
Agreement or any other Secured Agreement; (F) any law which provides that the obligation of a surety or guarantor must neither be larger in amount nor in other respects more burdensome than that of the principal or which reduces a surety’s
or guarantor’s obligation in proportion to the principal obligation; (G) the possibility that the Secured Obligations may at any time and from time to time exceed the aggregate liability of such Grantor under this Agreement; or
(H) any other circumstance or act whatsoever, including any act or omission of the type described in Section 4.01(a)(i) (with or without notice to or knowledge of any Grantor), which constitutes, or might be construed
to constitute, an equitable or legal discharge or defense of the Borrower for the Secured Obligations, or of such Grantor under the guarantee contained in Article II or with respect to the collateral security provided by such Grantor herein,
or which might be available to a surety or guarantor, in bankruptcy or in any other instance. 
 (b)    Each Grantor
hereby waives to the extent permitted by law: (i) except as expressly provided otherwise in any Loan Document, all notices to such Grantor, or to any other Person, including but not limited to, notices of the acceptance of this Agreement, the
guarantee contained in Article II or the provision of collateral security provided herein, or the creation, renewal, extension, modification, accrual of any Secured Obligations, or notice of or proof of reliance by the Administrative Agent or
any other Secured Party upon the guarantee contained in Article II or upon the collateral security provided herein, or of default in the payment or performance of any of the Secured Obligations owed to the Administrative Agent or any other
Secured Party and enforcement of any right or remedy with respect thereto; or notice of any other matters relating thereto; the Secured Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or
renewed, extended, amended or waived, in reliance upon the guarantee contained in Article II and the collateral security provided herein and no notice of creation of the Secured Obligations or any extension of credit already or hereafter
contracted by or extended to the Borrower need be given to any Grantor; and all dealings between the Borrower and any of the Grantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon the guarantee contained in Article II and on the collateral security provided in this Agreement; (ii) diligence and demand of payment, 

  
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 presentment, protest, dishonor and notice of dishonor; (iii) any statute of limitations affecting any
Grantor’s liability hereunder or the enforcement thereof; (iv) all rights of revocation with respect to the Secured Obligations, the guarantee contained in Article II and the provision of collateral security herein; and (v) all
principles or provisions of law which conflict with the terms of this Agreement and which can, as a matter of law, be waived. 

(c)    When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Grantor, the
Administrative Agent or any other Secured Party may, but shall be under no obligation to, join or make a similar demand on or otherwise pursue or exhaust such rights and remedies as it may have against the Borrower, any other Grantor or any other
Person or against any collateral security or guarantee for the Secured Obligations or any right of offset with respect thereto, and any failure by the Administrative Agent or any other Secured Party to make any such demand, to pursue such other
rights or remedies or to collect any payments from the Borrower, any other Grantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Borrower, any Grantor
or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Grantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available
as a matter of law, of the Administrative Agent or any other Secured Party against any Grantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. Other than as set forth herein or in
any applicable Secured Agreement, neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Secured Obligations or for the
guarantee contained in Article II or any property subject thereto. 
 Section 4.02 No Subrogation, Contribution or
Reimbursement. Notwithstanding any payment made by any Grantor hereunder or any set-off or application of funds of any Grantor by the Administrative Agent or any other Secured Party, no Grantor shall be
entitled to be subrogated to any of the rights of the Administrative Agent or any other Secured Party against the Borrower or any other Grantor or any collateral security or guarantee or right of offset held by the Administrative Agent or any other
Secured Party for the payment of the Secured Obligations, nor shall any Grantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Borrower or any other Grantor in respect of payments made
by such Grantor hereunder, and each Grantor hereby expressly waives, releases, and agrees not to exercise any and all such rights of subrogation, reimbursement, indemnity and contribution, in each case, until all Secured Obligations are Paid In Full
In Cash. Each Grantor further agrees that to the extent that such waiver and release set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, indemnity and
contribution such Grantor may have against the Borrower, any other Grantor or against any collateral or security or guarantee or right of offset held by the Administrative Agent or any other Secured Party shall be junior and subordinate to any
rights the Administrative Agent and the other Secured Parties may have against the Borrower and such Grantor and to all right, title and interest the Administrative Agent and the other Secured Parties may have in any collateral or security or
guarantee or right of offset. The Administrative Agent, for the benefit of the Secured Parties, may use, sell or dispose of any item of Collateral or security as it sees fit without regard to any subrogation rights any Grantor may have, and upon any
disposition or sale, any rights of subrogation any Grantor may have shall terminate. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the other Secured Parties to enter into the Credit Agreement and to induce the Lenders to make their
respective extensions of credit to the Borrower thereunder and to induce the Secured Parties to enter into other Secured Agreements, each Grantor hereby 

  
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 represents and warrants to the Administrative Agent and each other Secured Party, as such representation and
warranty relates to such Grantor, that: 
 Section 5.01 Representations in Credit Agreement. 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 (in its capacity as a Subsidiary of the Borrower) or to the Loan Documents to which such Guarantor is a party are true and correct in
all material respects (except that (i) to the extent any such representations and warranties are expressly limited to an earlier date, such representations and warranties are 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) is true and correct in all respects), provided that each reference in each such
representation and warranty to the Borrower’s knowledge shall, for the purposes of this Section 5.01, be deemed to be a reference to such Guarantor’s knowledge and, with respect to any representation or warranty
made on a consolidated or taken as a whole basis, such representation or warranty is true and correct in all material respects on such consolidated or taken as a whole basis. 

Section 5.02 Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor,
and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and, after taking into account all rights of contribution of each Grantor against other Grantors, if any, under this Agreement, at
law, in equity or otherwise, its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct,
promotion and attainment of the business of such Guarantor and the Borrower. 
 Section 5.03     No Other
Liens. No financing statement or other public notice with respect to all or any part of the Collateral in which such Grantor has a right is on file or of record in any public office, except such as have been filed in favor of the Administrative
Agent, or in favor of the Administrative Agent (as defined in the Existing Credit Agreement), for the ratable benefit of the Secured Parties, pursuant to this Agreement, the Security Instruments or as are filed to secure Liens permitted by
Section 9.03 of the Credit Agreement. 
 Section 5.04 Perfected First Priority Liens. The security interests granted
pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Administrative Agent
in completed and, if required, duly executed form, except to the extent otherwise set forth on said Schedule) will constitute valid perfected security interests in all of the Collateral in favor of the Administrative Agent, for the ratable benefit
of the Secured Parties, as collateral security for such Grantor’s obligations, enforceable in accordance with the terms hereof, to the extent such security interest in such Collateral can be perfected by (i) the filing of a financing
statement under the Uniform Commercial Code of any jurisdiction, (ii) the possession of such Collateral under applicable laws of the United States or of any state thereof or (iii) execution and delivery by the applicable Grantor, the
applicable depositary institution and the Administrative Agent of a Control Agreement granting control to the Administrative Agent over such Collateral that is a Deposit Account (other than any Excluded Account), against all creditors of such
Grantor and any Persons purporting to purchase any Collateral from such Grantor and (b)    are prior to all other Liens on the Collateral, except for Liens permitted by Section 9.03 of the Credit Agreement. 

Section 5.05 Legal Name, Organizational Status, Chief Executive Office. On the date hereof, the correct legal name of such
Grantor, such Grantor’s jurisdiction of organization, organizational number, taxpayor identification number and the location of such Grantor’s chief executive office or sole place of business are specified on Schedule 4. 

  
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 Section 5.06 Prior Names and Addresses. Schedule 5 correctly sets forth
(a) all names and trade names that such Grantor has used in the last five years and (b) the chief executive office of such Grantor over the last five years (if different from that which is set forth in Section 5.05
above). 
 Section 5.07 Pledged Securities. The shares (or such other interests) of Pledged Securities pledged by such
Grantor hereunder constitute all the issued and outstanding shares (or such other interests) of all classes of the capital stock or other Equity Interests of each Issuer owned by such Grantor, and all such shares (or such other interests) of the
Pledged Securities have been duly and validly issued and are fully paid and nonassessable (other than Pledged Securities consisting of limited liability company interests or partnership interests, which cannot be fully paid and are nonassessable);
and such Grantor 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 except Excepted Liens or options in favor of, or claims of, any other Person, except the
security interest created by this Agreement. Except as set forth on Schedule 2, no Pledged Securities are certificated or is a security under Section 8-103 of the New York UCC as of the date
hereof. 
 Section 5.08    Goods. No portion of the Collateral constituting Goods with a value in excess of
$500,000 is in the possession of a bailee that has issued a negotiable or non-negotiable document covering such Collateral. 

Section 5.09 Instruments and Chattel Paper. Such Grantor has delivered to the Administrative Agent all Collateral constituting
Instruments and Chattel Paper which the Administrative Agent has requested such Grantor to deliver to it. No Collateral constituting Chattel Paper or Instruments contains any statement therein to the effect that such Collateral has been assigned to
an identified party other than the Administrative Agent, and the grant of a security interest in such Collateral in favor of the Administrative Agent hereunder does not violate the rights of any other Person as a secured party. 

Section 5.10 Truth of Information; Accounts. All information with respect to the Collateral set forth in any schedule, certificate
or other writing at any time heretofore or hereafter furnished by such Grantor to the Administrative Agent or any other Secured Party, and all other written information heretofore or hereafter furnished by such Grantor to the Administrative Agent or
any other Secured Party is and will be true and correct in all material respects as of the date furnished. Until the Borrower notifies, in writing, the Administrative Agent otherwise, the place where each Grantor keeps its records concerning the
Accounts, Chattel Paper and Payment Intangibles is set forth on Schedule 4. 
 Section 5.11 Governmental Obligors. None
of the Account Debtors on such Grantor’s Accounts, Chattel Paper or Payment Intangibles is a Governmental Authority. 
 ARTICLE VI

 COVENANTS 
 Each
Grantor covenants and agrees with the Administrative Agent and the other Secured Parties that, as it relates to such Grantor, from and after the date of this Agreement until the Secured Obligations shall have been Paid In Full In Cash: 

Section 6.01 Covenants in Credit Agreement. In the case of each Guarantor, such Guarantor shall take, or shall refrain from
taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, by it under the Loan Documents so that no Default or Event of Default is caused by its failure to take such action or to refrain from taking such
action by such Guarantor or any of its Subsidiaries. 

  
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 Section 6.02    Maintenance of Perfected Security Interest;
Further Documentation. 
 (a)    Such Grantor shall maintain the security interest created by it under this Agreement
as a perfected security interest having at least the priority described in Section 5.04 (to the extent such perfection is required by this Agreement) and shall defend such security interest against the claims and demands of
all Persons whomsoever except for Liens permitted by Section 9.03 of the Credit Agreement. 
 (b)    At any time
and from time to time, upon the request of the Administrative Agent or any other Secured Party, and at the sole expense of such Grantor, such Grantor will promptly and duly give, execute, deliver, indorse, file or record any and all financing
statements, continuation statements, amendments, notices (including, without limitation, notifications to financial institutions and any other Person), contracts, agreements, assignments, certificates, stock powers or other instruments, obtain any
and all governmental approvals and consents and take or cause to be taken any and all steps or acts that may be necessary or advisable or as the Administrative Agent may reasonably request to create, perfect, establish the priority described in
Section 5.04 of, or to preserve the validity, perfection or priority of, the Liens granted by this Agreement or to enable the Administrative Agent or any other Secured Party to enforce its rights, remedies, powers and
privileges under this Agreement with respect to such Liens or to otherwise obtain or preserve the full benefits of this Agreement and the rights, powers and privileges herein granted. 

 

	 	(c)	 Without limiting the obligations of the Grantors under Section 6.02(b):

 (i)    upon the request of the Administrative Agent or any other Secured Party (which request, in
the case of Collateral constituting Deposit Accounts, the Administrative Agent agrees to make promptly upon receipt of the notice referred to in Section 6.02(c)(i)(A) from the applicable Grantor), such Grantor shall take or
cause to be taken all actions (other than any actions required to be taken by the Administrative Agent or any Lender) requested by the Administrative Agent to cause the Administrative Agent to: 

(A)    have “control” (within the meaning of Sections
8-106, 9-104, 9- 105, 9-106, and 9-107 of the New York UCC) over any Collateral
constituting (1) Deposit Accounts (other than any Excluded Account for so long as it is an Excluded Account) and (2) Electronic Chattel Paper, Investment Property (including the Pledged Securities), or Letter-of-Credit Rights, in each case in this Section 6.02(c)(i)(A)(2), with a value in excess of $500,000, including in either case in this
Section 6.02(c)(i)(A), without limitation, by executing and delivering any agreements, in form and substance satisfactory to the Administrative Agent, with depository banks, securities intermediaries, issuers or other
Persons in order to establish “control”, and each Grantor shall promptly notify the Administrative Agent and the other Secured Parties of such Grantor’s acquisition of any such Collateral; provided that, (x) any such
agreement shall provide that the depository bank or securities intermediary (or any Person acting in a similar capacity) shall comply with instructions originated by the Administrative Agent after the occurrence of an Event of Default with respect
to the disposition of funds without further consent of such Grantor and (y) so long as no Event of Default has occurred that is continuing, the Administrative Agent will not exercise its rights and remedies under any such agreement, and 

 

	 	(B)	 be a “protected purchaser” (as defined in Section 8-303
of the New York UCC); 

 (ii)    with respect to Collateral other than certificated securities and
goods covered by a document in the possession of a Person other than such Grantor or the Administrative Agent, such Grantor shall use commercially reasonable efforts to obtain written acknowledgment that such Person holds possession for the
Administrative Agent’s benefit; and 

  
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 (iii) with respect to any Collateral constituting Goods with a value in excess of $500,000
that are in the possession of a bailee, such Grantor shall provide prompt notice to the Administrative Agent and the other Secured Parties of any such Collateral then in the possession of such bailee, and such Grantor shall take or cause to be taken
all commercially reasonable actions (other than any actions required to be taken by the Administrative Agent or any other Secured Party) necessary or requested by the Administrative Agent to cause the Administrative Agent to have a perfected
security interest in such Collateral under applicable law. 
 (d)    This Section 6.02 and the
obligations imposed on each Grantor by this Section 6.02 shall be interpreted as broadly as possible in favor of the Administrative Agent and the other Secured Parties in order to effectuate the purpose and intent of this
Agreement. 
 Section 6.03    Further Identification of Collateral. Such Grantor will furnish to the
Administrative Agent and the Lenders from time to time, at such Grantor’s sole cost and expense, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the
Administrative Agent may reasonably request, all in reasonable detail. 
 Section 6.04 Changes in Locations, Name, etc. Such
Grantor recognizes that financing statements pertaining to the Collateral have been or may be filed where such Grantor maintains any Collateral or is organized. Without limitation of any other covenant herein, such Grantor will not cause or permit
any change to be made (a) in its company name or in any trade name used to identify such Grantor in the conduct of its business or in the ownership of its Properties, (b) in the location of its chief executive office or principal place of
business, (c) in its identity or corporate structure or in the jurisdiction in which such Grantor is incorporated, formed or otherwise organized, or (d) in its organizational identification number in such jurisdiction of organization,
unless such Grantor shall have first (i) notified the Administrative Agent of such change at least thirty (30) days prior to the effective date of such change (or such shorter period as agreed by the Administrative Agent and the Borrower
which permits the Administrative Agent to take timely any applicable required steps or action), and (ii) taken all action reasonably requested by the Administrative Agent for the purpose of maintaining the perfection and priority of the
Administrative Agent’s security interests under this Agreement. In any notice furnished pursuant to this Section 6.04, such Grantor 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 Administrative Agent’s security interest in the Collateral. 

Section 6.05     Compliance with Contractual Obligations. Such Grantor will perform and comply in all material
respects with all its contractual obligations relating to the Collateral (including, without limitation, with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each Account). 

Section 6.06    Pledged Securities. 

(a)    If such Grantor shall become entitled to receive or shall receive any stock certificate or other instrument
(including, without limitation, any certificate or instrument representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate or instrument issued in connection with any
reorganization), option or rights in respect of the capital stock or other Equity Interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares (or such other interests) of the Pledged
Securities, or otherwise in respect thereof, such Grantor shall accept the same as the agent of the Administrative Agent, hold the same in trust for the Administrative Agent and deliver the same forthwith to the Administrative Agent in the exact
form received, duly indorsed by such Grantor to the Administrative Agent, if required, together with an undated stock power or other equivalent instrument of transfer acceptable to the Administrative Agent covering

  
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such certificate or instrument duly executed in blank by such Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to
the terms hereof, as additional collateral security for the Secured Obligations. 
 (b)    Without the prior written
consent of the Administrative Agent, such Grantor will not (i) unless otherwise permitted hereby, vote to enable, or take any other action to permit, any Issuer to issue any stock or other Equity Interests of any nature or to issue any other
securities or interests convertible into or granting the right to purchase or exchange for any stock or other Equity Interests of any nature of any Issuer, (ii) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with
respect to, the Pledged Securities or Proceeds thereof (except pursuant to a transaction expressly permitted by the Credit Agreement), (iii) create, incur or permit to exist any Lien except for Excepted Liens or option in favor of, or any claim of
any Person with respect to, any of the Pledged Securities or Proceeds thereof, or any interest therein, except for the security interests created by this Agreement or (iv) enter into any agreement or undertaking restricting the right or ability
of such Grantor or the Administrative Agent to sell, assign or transfer any of the Pledged Securities or Proceeds thereof. 

(c)    In the case of each Grantor which 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 Administrative Agent promptly in writing of the occurrence of any of the events
described in Section 6.06(a) with respect to the Pledged Securities issued by it and (iii) the terms of Section 7.01(c) and Section 7.05 shall apply to it, mutatis
mutandis, with respect to all actions that may be required of it pursuant to Section 7.01(c) or Section 7.05 with respect to the Pledged Securities issued by it. Each Grantor will use
commercially reasonable efforts to have each non-Grantor Issuer execute and deliver an Acknowledgment and Consent substantially in the form of Annex I. In addition, each Grantor which is also either an
Issuer or an owner of any Pledged Securities consents to the grant by each other Grantor of the security interest hereunder in favor of the Administrative Agent and to the transfer of any Pledged Securities to the Administrative Agent or its nominee
following the occurrence and during the continuation of an Event of Default and to the substitution of the Administrative Agent or its nominee as a partner, member or shareholder of the Issuer of the related Pledged Securities. 

(d)    Such Grantor shall furnish to the Administrative Agent such stock powers and other equivalent instruments of
transfer as may be required by the Administrative Agent to assure the transferability of and the perfection of the security interest in the Pledged Securities when and as often as may be reasonably requested by the Administrative Agent. 

(e)    The Pledged Securities will at all times constitute not less than 100% of the capital stock or other Equity
Interests of the Issuer thereof owned by any Grantor. Each Grantor will not permit any Issuer of any of the Pledged Securities to issue any new shares (or other interests) of any class of capital stock or other Equity Interests of such Issuer
without the prior written consent of the Administrative Agent unless immediately upon issuance the same are pledged and, if applicable, delivered to Administrative Agent pursuant to the terms hereof to the extent necessary to give Administrative
Agent a first priority security interest after such issue in at least the same percentage of such Issuer’s outstanding shares or other interests as Grantor had before such issue. 

Section 6.07 Limitations on Modifications, Waivers, Extensions of Agreements Giving Rise to Accounts. Such Grantor will not
(a) amend, modify, terminate or waive any provision of any Chattel Paper, Instrument or any agreement giving rise to an Account or Payment Intangible with a value in excess of $500,000 in any manner which could reasonably be expected to
materially adversely affect the value of such Chattel Paper, Instrument, Payment Intangible or Account as Collateral, or (b) fail to exercise promptly and diligently each and every material right which it may have under any Chattel Paper,
Instrument and 

  
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each agreement giving rise to an Account or Payment Intangible with a value in excess of $500,000 (other than any right of termination). Such Grantor shall deliver to the Administrative Agent a
copy of each material demand, notice or document received by it relating in any way to any Chattel Paper, Instrument or any agreement giving rise to an Account or Payment Intangible with a value in excess of $500,000. 

Section 6.08 Analysis of Accounts, Etc. Upon reasonable prior notice, the Administrative Agent shall have the right from time to
time to make test verifications of the Accounts, Chattel Paper and Payment Intangibles in any manner and through any medium that it reasonably considers advisable, and each Grantor, at such Grantor’s sole cost and expense, shall furnish all
such assistance and information as the Administrative Agent may reasonably require in connection therewith (provided that if the Administrative Agent or its representatives conduct more than one (1) such inspection during any twelve-
month period, any expenses incurred by the Administrative Agent or its representatives for such inspections (other than the first such inspection during such period by such Person) shall be borne by such Person if an Event of Default does not then
exist). At any time and from time to time, upon the Administrative Agent’s request and at the expense of each Grantor, such Grantor shall furnish to the Administrative Agent reports showing reconciliations, aging and test verifications of, and
trial balances for, the Accounts, Chattel Paper and Payment Intangibles, and such original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts, Chattel Paper and Payment Intangibles,
including, without limitation, original orders, invoices and shipping receipts as the Administrative Agent may reasonably request. 

Section 6.09 Instruments and Tangible Chattel Paper. If any amount payable under or in connection with any of the Collateral shall
be or become evidenced by any Instrument or Tangible Chattel Paper with a value in excess of $500,000, such Grantor will promptly notify the Administrative Agent and, if requested by the Administrative Agent, deliver such Instrument or Tangible
Chattel Paper to the Administrative Agent, duly endorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement. 

Section 6.10 Commercial Tort Claims. If such Grantor shall at any time hold or acquire a Commercial Tort Claim that satisfies the
requirements of the following sentence, such Grantor shall, within thirty (30) days after such Commercial Tort Claim satisfies such requirements, notify the Administrative Agent in a writing signed by such Grantor containing a brief description
thereof, and granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance
satisfactory to the Administrative Agent for purposes only of perfecting its security interest therein. The provisions of the preceding sentence shall apply only to a Commercial Tort Claim that satisfies the following requirements: (a) the
monetary value claimed by or payable to the relevant Grantor in connection with such Commercial Tort Claim shall exceed $500,000, and (b) either (i) such Grantor shall have filed a law suit or counterclaim or otherwise commenced legal
proceedings (including, without limitation, arbitration proceedings) against the Person against whom such Commercial Tort Claim is made, or (ii) such Grantor and the Person against whom such Commercial Tort Claim is asserted shall have entered
into a settlement agreement with respect to such Commercial Tort Claim. In addition, to the extent that the existence of any Commercial Tort Claim held or acquired by any Grantor is disclosed by such Grantor in any public filing with the Securities
Exchange Commission or any successor thereto or analogous Governmental Authority, or to the extent that the existence of any such Commercial Tort Claim is disclosed in any press release issued by any Grantor, then, upon the request of the
Administrative Agent, the relevant Grantor shall, within thirty (30) days after such request is made, transmit to the Administrative Agent a writing signed by such Grantor containing a brief description of such Commercial Tort Claim and
granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory
to the Administrative Agent for the purposes only of perfecting its security interest therein. 

  
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 Section 6.11 Keepwell. Each Qualified Keepwell Provider hereby jointly and
severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Grantor to honor all of its obligations under this Agreement in respect of Swap Obligations
(provided, however, that each Qualified Keepwell Provider shall only be liable under this Section 6.11 for the maximum amount of such liability that can be hereby incurred without rendering its obligations
under this Section 6.11, or otherwise under this Agreement, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified Keepwell
Provider under this Section 6.11 shall remain in full force and effect until the Secured Obligations are Paid In Full In Cash. Each Qualified Keepwell Provider intends that this Section 6.11
constitute, and this Section 6.11 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Grantor for all purposes of Section 1a(18)(A)(v)(II) of the
Commodity Exchange Act. 
 ARTICLE VII 

REMEDIAL PROVISIONS 

Section 7.01    Pledged Securities. 

(a)    Unless an Event of Default exists and the Administrative Agent shall have given notice to the relevant Grantor of
the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor 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 Agreement, and to exercise all voting, corporate and other rights with respect to the Pledged Securities. 

(b)    If an Event of Default exists, then at any time in the Administrative Agent’s discretion without notice
(except as herein otherwise expressly provided), (i) the Administrative Agent shall have the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the Pledged Securities and make application thereof to the
Secured Obligations in accordance with Section 10.02 of the Credit Agreement, and (ii) any or all of the Pledged Securities shall be registered in the name of the Administrative Agent or its nominee, and the Administrative Agent or its
nominee may thereafter exercise (A) all voting, corporate and other rights pertaining to such Pledged Securities at any meeting of shareholders (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 Grantor or the Administrative Agent 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 Administrative Agent may determine), all without liability except to account for property actually received by it and as otherwise set forth herein, but the Administrative Agent shall have no duty to any
Grantor 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)    Each Grantor hereby authorizes and instructs each Issuer of any Pledged Securities pledged by such Grantor
hereunder (and each Issuer party hereto hereby agrees) to (i) comply with any instruction received by it from the Administrative Agent in writing that (A) states that an Event of Default 

  
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exists and (B) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor 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 Administrative Agent. 

(d)    If during the existence of an Event of Default 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 Grantor in respect thereof to exercise the voting and other consensual rights which such Grantor 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 Administrative Agent who shall thereupon have the sole right to exercise such voting and other
consensual rights, but the Administrative Agent 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 7.02 Collections on Accounts, Etc. The Administrative Agent hereby authorizes each Grantor to collect upon the Accounts,
Instruments, Chattel Paper and Payment Intangibles subject to the Administrative Agent’s Lien, and the Administrative Agent may curtail or terminate said authority at any time during the existence of an Event of Default. Upon the request of the
Administrative Agent at any time during the existence of an Event of Default, each Grantor shall notify the Account Debtors that the applicable Accounts, Chattel Paper and Payment Intangibles have been assigned to the Administrative Agent for the
ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Administrative Agent. During the existence of a Default or Event of Default, the Administrative Agent may in its own name or in the name of
others communicate with the Account Debtors to verify with them to its satisfaction the existence, amount and terms of any Accounts, Chattel Paper or Payment Intangibles. 

Section 7.03     Proceeds. If required by the Administrative Agent at any time during the existence of an
Event of Default, any payments of Accounts, Instruments, Chattel Paper and Payment Intangibles, when collected or received by each Grantor, and any other cash or non-cash Proceeds received by each Grantor upon
the sale or other disposition of any Collateral, shall be forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if required, in a
special collateral account maintained by the Administrative Agent, subject to withdrawal by the Administrative Agent for the ratable benefit of the Secured Parties only, as hereinafter provided, and, until so turned over, shall be held by such
Grantor in trust for the Administrative Agent for the ratable benefit of the Secured Parties, segregated from other funds of any such Grantor. Each deposit of any such Proceeds shall be accompanied by a report identifying in reasonable detail the
nature and source of the payments included in the deposit. All Proceeds (including, without limitation, Proceeds constituting collections of Accounts, Chattel Paper, Instruments) while held by the Administrative Agent (or by any Grantor in trust for
the Administrative Agent for the ratable benefit of the Secured Parties) shall continue to be collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as hereinafter provided. At such intervals as
may be agreed upon by each Grantor and the Administrative Agent, or, if an Event of Default exists, at any time at the Administrative Agent’s election, the Administrative Agent shall apply all or any part of the funds on deposit in said special
collateral account on account of the Secured Obligations in such order as the Administrative Agent may elect, and any part of such funds which the Administrative Agent elects not so to apply and deems not required as collateral security for the
Secured Obligations shall be paid over from time to time by the Administrative Agent to each Grantor or to whomsoever may be lawfully entitled to receive the same. 

  
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 Section 7.04    New York UCC and Other Remedies. 

(a)    If an Event of Default exists, the Administrative Agent, on behalf of the Secured Parties, may exercise in its
discretion, in addition to all other rights, remedies, powers and privileges granted to them in this Agreement, any other Secured Agreement, all rights, remedies, powers and privileges of a secured party under the New York UCC (whether the New York
UCC is in effect in the jurisdiction where such rights, remedies, powers or privileges are asserted) or any other applicable law or otherwise available at law or equity. Without limiting the generality of the foregoing, the Administrative Agent (or
its agent), without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law) to or upon any Grantor 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 office of the Administrative Agent or
any other 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. The Administrative Agent or any
other 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 Grantor, which right or equity is hereby waived and released. If an Event of Default exists, each Grantor further agrees, at the Administrative Agent’s request, to assemble the Collateral and make it available to the
Administrative Agent at places which the Administrative Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. Any such sale or transfer by the Administrative Agent either to itself or to any other Person shall be
absolutely free from any claim of right by Grantor, including any equity or right of redemption, stay or appraisal which Grantor has or may have under any rule of law, regulation or statute now existing or hereafter adopted. Upon any such sale or
transfer, the Administrative Agent shall have the right to deliver, assign and transfer to the purchaser or transferee thereof the Collateral so sold or transferred. The Administrative Agent shall apply the net proceeds of any action taken by it
pursuant to this Section 7.04, 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 Administrative Agent and the other 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 of the Credit Agreement, and only after such application and after the payment by the Administrative Agent of any other amount required by any provision of law, including, without limitation, Section 9-615 of the New York UCC, need the Administrative Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands
it may acquire against the Administrative Agent or any other Secured Party arising out of the exercise by them of any rights hereunder. 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 10 days before such sale or other disposition. 
 (b)    In the event
that the Administrative Agent elects not to sell the Collateral, the Administrative Agent 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. Each and every method of disposition of the Collateral described in this Agreement shall constitute disposition in a commercially reasonable manner. The Administrative Agent may
appoint any Person as agent to perform any act or acts necessary or incident to any sale or transfer of the Collateral. 

  
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 Section 7.05 Private Sales of Pledged Securities. Each Grantor recognizes that
the Administrative Agent 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, and may be compelled to 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 Grantor 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 Administrative Agent 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. Each Grantor agrees to use its 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 7.05 valid and binding and in compliance with any and all other applicable Governmental Requirements. Each
Grantor further agrees that a breach of any of the covenants contained in this Section 7.05 will cause irreparable injury to the Administrative Agent and the other Secured Parties, that the Administrative Agent and the
other 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 7.05 shall be specifically enforceable against such Grantor, and,
to the maximum extent permitted by applicable law, such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants. 

Section 7.06 Waiver; Deficiency. Each Grantor waives and agrees not to assert any rights or privileges which it may acquire under
the New York UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the fees and disbursements of
any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency. 
 Section 7.07 Non-Judicial Enforcement. The Administrative Agent may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, each Grantor expressly waives any and
all legal rights which might otherwise require the Administrative Agent to enforce its rights by judicial process. 
 ARTICLE VIII

 THE ADMINISTRATIVE AGENT 

Section 8.01    Administrative Agent’s Appointment as Attorney-in-Fact, Etc. 
 (a)    Each Grantor hereby irrevocably
constitutes and appoints the Administrative Agent 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 Grantor and in the name of such Grantor 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 Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor,
without notice to or assent by such Grantor, to do any or all of the following: 
 (i)    Pay or discharge taxes and
Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 

  
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 (ii)    execute, in connection with any sale provided for in
Section 7.04 or Section 7.05, 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 Administrative Agent or as the Administrative Agent shall direct; (B) take possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of
moneys due under any Account, Instrument, General Intangible, Chattel Paper or Payment Intangible or with respect to any other Collateral, and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise
deemed appropriate by the Administrative Agent for the purpose of collecting any and all such moneys due under any Account, Instrument or General Intangible or with respect to any other Collateral whenever payable; (C) 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; (D) sign and indorse any invoices, freight or express bills, bills of
lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (E) receive, change the address for delivery, open and dispose of mail addressed to
any Grantor, and to execute, assign and indorse negotiable and other instruments for the payment of money, documents of title or other evidences of payment, shipment or storage for any form of Collateral on behalf of and in the name of any Grantor;
(F) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral;
(G) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (H) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as
the Administrative Agent may deem appropriate; and (I) to the extent permitted, and in the manner required, by the New York UCC 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 Administrative Agent were the absolute owner thereof for all purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts
and things which the Administrative Agent deems necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s and the other Secured Parties’ security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Grantor might do. 
 Anything in this Section 8.01(a) to the contrary
notwithstanding, the Administrative Agent agrees that it will not, and will not permit any of its officers or agents to, exercise any rights under the power of attorney provided for in this Section 8.01(a) unless an Event
of Default exists. 
 (b)    If any Grantor fails to perform or comply with any of its agreements contained herein
within the applicable grace periods, the Administrative Agent, 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 Administrative Agent incurred in connection with actions undertaken as provided in this
Section 8.01, together with interest on the unpaid portion thereof at the Post- Default Rate from the date of payment by the Administrative Agent to the date reimbursed by the relevant Grantor, shall be payable jointly and
severally by such Grantor to the Administrative Agent on demand. 
 (d)    Each Grantor 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. 

  
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 Section 8.02     Duty of Administrative Agent. The
Administrative Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9- 207 of the New York UCC or otherwise, shall be to deal with it in the same manner as
the Administrative Agent 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 Administrative Agent, any other Secured Party nor any of their respective officers, directors, employees or agents 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 Grantor 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 Administrative Agent and the other Secured Parties hereunder are solely to protect the Administrative Agent’s and the other Secured Parties’ interests in the
Collateral and shall not impose any duty upon the Administrative Agent or any other Secured Party to exercise any such powers. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as
a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents (collectively, the “Indemnitees”) shall be responsible to any Grantor for any act or failure to act hereunder,
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 OR RESTATEMENT (THIRD) 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 EXCULPATION SHALL NOT, AS TO ANY
INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES 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. To the fullest extent permitted by applicable law, the Administrative Agent 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 Grantor 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 Grantor, 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 Administrative Agent or any other Secured Party to proceed against any Grantor
or other Person, exhaust any Collateral or enforce any other remedy which the Administrative Agent or any other Secured Party now has or may hereafter have against each Grantor, any Grantor or other Person. 

Section 8.03 Execution of Financing Statements. Pursuant to the New York UCC and any other applicable law, each Grantor authorizes
the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record financing statements, continuation statements, amendments thereto and other filing or recording documents or instruments with respect
to the Collateral without the signature of such Grantor in such form and in such offices as the Administrative Agent reasonably determines appropriate to perfect or maintain the perfection of the security interests of the Administrative Agent under
this Agreement. Additionally, each Grantor authorizes the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record such financing statements that describe the collateral covered thereby as
“all assets of the Grantor”, “all personal property of the Grantor” or words of similar effect. 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. In no event shall the above authorizations
be deemed to be obligations. 

  
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 Section 8.04 Authority of Administrative Agent. Each Grantor acknowledges that
the rights and responsibilities of the Administrative Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent 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 Administrative Agent and the other Secured Parties, be governed by the Credit Agreement and by
such other agreements with respect thereto as may exist from time to time among them, but, as between the Administrative Agent and the Grantors, the Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties
with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 

ARTICLE IX 

SUBORDINATION OF INDEBTEDNESS 

Section 9.01 Subordination of All Grantor Claims. As used herein, the term “Grantor Claims” shall mean all debts
and obligations of any Grantor to any other Grantor, whether such debts and obligations now exist or are hereafter incurred or arise, or whether the obligation of the debtor thereon be direct, contingent, primary, secondary, several, joint and
several, or otherwise, and irrespective of whether such debts or obligations be evidenced by note, contract, open account, or otherwise, and irrespective of the Person or Persons in whose favor such debts or obligations may, at their inception, have
been, or may hereafter be created, or the manner in which they have been or may hereafter be acquired by. During the existence of an Event of Default, no Grantor shall receive or collect, directly or indirectly, from any obligor in respect thereof
any amount upon the Grantor Claims. 
 Section 9.02 Claims in Bankruptcy. In the event of receivership, bankruptcy,
reorganization, arrangement, debtor’s relief or other insolvency proceedings involving any Grantor, the Administrative Agent on behalf of the Secured Parties shall have the right to prove their claim in any proceeding, so as to establish their
rights hereunder and receive directly from the receiver, trustee or other court custodian, dividends and payments which would otherwise be payable upon Grantor Claims. Each Grantor hereby assigns such dividends and payments to the Administrative
Agent for the benefit of the Secured Parties for application against the Secured Obligations as provided under Section 10.02 of the Credit Agreement. Should any Agent or Secured Party receive, for application upon the Secured Obligations, any
such dividend or payment which is otherwise payable to any Grantor, and which, as between such Grantor, shall constitute a credit upon the Grantor Claims, then upon Payment in Full In Cash of the Secured Obligations, the intended recipient shall
become subrogated to the rights of the Administrative Agent and the other Secured Parties to the extent that such payments to the Administrative Agent and the other Secured Parties on the Grantor Claims have contributed toward the liquidation of the
Secured Obligations, and such subrogation shall be with respect to that proportion of the Secured Obligations which would have been unpaid if the Administrative Agent and the other Secured Parties had not received dividends or payments upon the
Grantor Claims. 
 Section 9.03 Payments Held in Trust. In the event that notwithstanding Section 9.01
and Section 9.02, any Grantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, then it agrees: (a) to hold in trust for the Administrative Agent an amount equal to
the amount of all funds, payments, claims or distributions so received, and (b) that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent,
for the benefit of the Secured Parties; and each Grantor covenants promptly to pay the same to the Administrative Agent. 

  
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 Section 9.04 Liens Subordinate. Each Grantor agrees that, until the Secured
Obligations are Paid In Full In Cash, any Liens granted by a Grantor to secure payment of the Grantor Claims shall be and remain inferior and subordinate to any Liens securing payment of the Secured Obligations, regardless of whether such
encumbrances in favor of such Grantor, the Administrative Agent or any other Secured Party presently exist or are hereafter created or attach. Without the prior written consent of the Administrative Agent, no Grantor, during the period in which any
of the Secured Obligations are outstanding or the Commitments are outstanding, shall (a) exercise or enforce any creditor’s right it may have against any debtor in respect of the Grantor Claims, or (b) foreclose, repossess, sequester
or otherwise take steps or institute any action or proceeding (judicial or otherwise, including without limitation the commencement of or joinder in any liquidation, bankruptcy, rearrangement, debtor’s relief or insolvency proceeding) to
enforce any Lien held by it. 
 Section 9.05 Notation of Records. Upon the request of the Administrative Agent, all promissory
notes and all accounts receivable ledgers or other evidence of the Grantor Claims accepted by or held by any Grantor shall contain a specific written notice thereon that the indebtedness evidenced thereby is subordinated under the terms of this
Agreement. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.01 Waiver. No failure on the part of the Administrative Agent or any other Secured Party to exercise and no delay in
exercising, and no course of dealing with respect to, any right, remedy, 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, remedy, power or privilege. The rights, remedies, powers and privileges provided herein are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law. The exercise by the Administrative Agent of any one or more of the rights, powers and remedies herein shall not be construed as a waiver of any other rights, powers and remedies, including, without limitation,
any rights of set-off. 
 Section 10.02 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 Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its
notice address set forth on Schedule 1. 
 Section 10.03    Payment of Expenses, Indemnities, Etc.

 (a)    Each Grantor, jointly and severally, agrees to pay or promptly reimburse the Administrative Agent and each
other Secured Party for all advances, charges, costs and expenses (including, without limitation, all costs and expenses of holding, preparing for sale and selling, collecting or otherwise realizing upon the Collateral and all attorneys’ fees,
legal expenses and court costs) incurred by any Secured Party in connection with the exercise of its respective rights and remedies hereunder, including, without limitation, any advances, charges, costs and expenses that may be incurred in any
effort to enforce any of the provisions of this Agreement or any obligation of any Grantor in respect of the Collateral or in connection with (i) the preservation of the Lien of, or the rights of the Administrative Agent or any other Secured
Party under this Agreement, (ii) any actual or attempted sale, lease, disposition, exchange, collection, compromise, settlement or other realization in respect of, or care of, the Collateral, including all such costs and expenses incurred in
any bankruptcy, reorganization, workout or other similar proceeding, or (iii) collecting against such Grantor under the guarantee contained in Article II or otherwise enforcing or preserving any rights under this Agreement and the other
Loan Documents to which such Grantor is a party. 

  
 23 

 (b)    EACH GRANTOR, JOINTLY AND SEVERALLY, AGREES TO INDEMNIFY, PAY,
AND TO HOLD THE ADMINISTRATIVE AGENT AND THE OTHER SECURED PARTIES HARMLESS FROM, ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER
(INCLUDING, WITHOUT LIMITATION, COURT COSTS AND ATTORNEYS’ FEES, ANY AND ALL LIABILITIES WITH RESPECT TO, OR RESULTING FROM ANY DELAY IN PAYING, ANY AND ALL STAMP, EXCISE, SALES OR OTHER TAXES 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) INCURRED BECAUSE OF, INCIDENT TO, OR WITH RESPECT TO, THE COLLATERAL (INCLUDING, WITHOUT LIMITATION, ANY EXERCISE OF RIGHTS OR
REMEDIES IN CONNECTION THEREWITH) OR THE EXECUTION, DELIVERY, ENFORCEMENT, PERFORMANCE AND ADMINISTRATION OF THIS AGREEMENT, IN EACH CASE, TO THE EXTENT THE BORROWER WOULD BE REQUIRED TO DO SO PURSUANT TO SECTION 12.03 OF THE CREDIT AGREEMENT. ALL
AMOUNTS FOR WHICH ANY GRANTOR IS LIABLE PURSUANT TO THIS SECTION 10.03 SHALL BE DUE AND PAYABLE BY SUCH GRANTOR TO THE SECURED PARTIES UPON DEMAND. 

Section 10.04 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 12.04 of the Credit Agreement. 
 Section 10.05 Successors and
Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Administrative Agent and the other Secured Parties and their successors and permitted assigns; provided that
except as set forth in Section 9.11 of the Credit Agreement or Section 9.12 of the Credit Agreement, no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the
Administrative Agent and the Lenders. 
 Section 10.06 Invalidity. In the event that any one or more of the provisions contained
in this Agreement or in any of the Loan Documents to which a Grantor is a party shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of
this Agreement or such other Loan Document and the remaining provisions hereof shall remain in full force and effect and shall be liberally construed to carry out the provisions and intent hereof; provided, if any one or more of the provisions
contained in this Agreement shall be determined or held to be invalid or unenforceable because such provision is overly broad as to duration, geographic scope, activity or subject, such provision shall be deemed amended by limiting and reducing it
to the extent necessary to make such provision valid and enforceable. 
 Section 10.07 Counterparts. This Agreement may be
executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy or other electronic means (such as a PDF) shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.08 Survival. The obligations of the parties under Section 10.03 shall survive notwithstanding
the Secured Obligations having been Paid In Full In Cash. 

  
 24 

 Section 10.09 Captions. Captions and section headings appearing herein are
included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Agreement. 

Section 10.10 No Oral Agreements. The Loan Documents (other than the Letters of Credit) embody the entire agreement and
understanding between the parties and supersede all other agreements and understandings between such parties relating to the subject matter hereof and thereof. THE LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. In the event of a conflict between the terms and conditions of this Agreement and
the terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall control. 

Section 10.11    Governing Law; Submission to Jurisdiction. 

(a)    THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

(b)    SECTION 12.09 OF THE CREDIT AGREEMENT IS HEREBY INCORPORATED HEREIN BY REFERENCE AND SHALL APPLY TO THIS
AGREEMENT MUTATIS MUTANDIS. 
 Section 10.12    Acknowledgments. 

(a)    Each Grantor hereby acknowledges that: 

(i)    it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents to which it is a party; 
 (ii)    neither the Administrative Agent nor any other Secured Party has any
fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the Administrative Agent and the other Secured
Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 

(iii)    no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the
transactions contemplated hereby among the Secured Parties or among the Grantors and the Lenders. 
 (b)    Each of the
parties hereto specifically agrees that it has a duty to read this Agreement and the Security Instruments and agrees that it is charged with notice and knowledge of the terms of this Agreement and the Security Instruments; 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 Security Instruments; and has received the advice of its attorney in entering into this Agreement and the Security Instruments; and that it recognizes that certain of the terms of this Agreement and the 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 Security Instruments on the basis that the party had no notice or knowledge of such provision or that the provision is not “conspicuous.” 

  
 25 

 (c)    Each Grantor warrants and agrees that each of the waivers and
consents set forth in this Agreement are made voluntarily and unconditionally after consultation with independent legal counsel and with full knowledge of their significance and consequences, with the understanding that events giving rise to any
defense or right waived may diminish, destroy or otherwise adversely affect rights which such Grantor otherwise may have against the Borrower, any other Grantor, the Secured Parties or any other Person or against any collateral. If, notwithstanding
the intent of the parties that the terms of this Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum
extent permitted by law. 
 Section 10.13     Additional Grantors. Each Subsidiary of the Borrower that is
required to become a party to this Agreement pursuant to Section 8.14 of the Credit Agreement and is not a signatory hereto shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an
Assumption Agreement in the form of Annex II hereto. 
 Section 10.14 Set-Off. If
an Event of Default shall have occurred and be continuing, each Secured Party 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 limitations obligations under Swap Agreements) at any time owing by such Secured Party to or for the credit or the account of any Grantor
against any of and all the obligations of such Grantor owed to such Secured Party now or hereafter existing under this Agreement or any other Loan Document, irrespective of whether or not such Secured Party shall have made any demand under this
Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each Secured Party under this Section 10.14 are in addition to other rights and remedies (including other rights of setoff)
which such Secured Party may have. 
 Section 10.15    Releases. 

(a)    Release Upon Payment In Full In Cash. 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 all Secured Obligations are Paid In Full In Cash, unless sooner released as provided by Section 11.10 of the Credit Agreement and as further provided in
Section 10.15(b) below. If all Secured Obligations shall be Paid In Full In Cash, this Agreement shall be of no further force or effect and the Administrative Agent, at the written request and expense of the Borrower, will
promptly reassign, transfer and deliver the Collateral to the Grantors and execute and deliver all releases or other documents reasonably requested to release the Liens created hereby. 

(b)    Further Assurances. If any of the Collateral shall be sold, transferred or otherwise disposed of by any
Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases or other documents reasonably necessary or
desirable for the release of the Liens created hereby on such Collateral and the capital stock or other Equity Interests of such Grantor. At the request and sole expense of the Borrower, a Grantor shall be released from its obligations hereunder in
the event that all the capital stock or other Equity Interests of such Grantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to the
Administrative Agent, at least ten Business Days prior to the date of the proposed release, a written request for release identifying the relevant Grantor and the terms of the sale or other disposition in reasonable detail, including the price
thereof and any expenses in connection therewith, together with a certification by the Borrower stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents. 

  
 26 

 (c)    Retention in Satisfaction. Except as may be expressly
applicable pursuant to Section 9-620 of the New York UCC, no action taken or omission to act by the Administrative Agent or the other 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 Administrative Agent and the other 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 10.15(a). 

Section 10.16 Reinstatement. The obligations of each Grantor under this Agreement (including, without limitation, with respect to
the guarantee contained in Article II and the provision of collateral herein) shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Secured Obligations is rescinded or
must otherwise be restored or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Grantor, or upon or as a result of the appointment of a receiver,
intervenor or conservator of, or trustee or similar officer for, the Borrower or any Grantor or any substantial part of its property, or otherwise, all as though such payments had not been made. 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 Administrative Agent’s and the other Secured Parties’ Liens, security
interests, rights, powers and remedies under this Agreement and each Security Instrument shall continue in full force and effect. In such event, each Security Instrument shall be automatically reinstated and each Grantor shall take such action as
may be reasonably requested by the Administrative Agent and the other Secured Parties to effect such reinstatement. 
 Section 10.17
Acceptance. Each Grantor hereby expressly waives notice of acceptance of this Agreement, acceptance on the part of the Administrative Agent and the other Secured Parties being conclusively presumed by their request for this Agreement and
delivery of the same to the Administrative Agent. 
 Section 10.18 Amendment and Restatement. This Agreement amends and restates
and is given in substitution for, but not in satisfaction of, the Existing Guarantee and Collateral Agreement; provided that nothing contained in this Agreement shall limit or affect the liens and security interests heretofore granted,
pledged and/or assigned to the Administrative Agent in the collateral under and as described in the Existing Guarantee and Collateral Agreement (the “Original Collateral”). Each Grantor party to the Existing Guarantee and Collateral
Agreement acknowledges and agrees that (a) the Liens in such Original Collateral are carried forward and shall continue in full force and effect to secure the Secured Obligations and (b) none of the Liens in such Original Collateral are
released or impaired and shall be in addition to and cumulative of the liens, assignments and security interests of this Agreement. 

[Signature pages follow.] 

  
 27 

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

							
	BORROWER:	 	              	 	MONTAGE RESOURCES CORPORATION

							
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

							
			
	GUARANTORS:	 		 	ECLIPSE RESOURCES I, LP
		 		 	ECLIPSE GP, LLC
		 		 	ECLIPSE RESOURCES–OHIO, LLC
		 		 	ECLIPSE RESOURCES OPERATING, LLC
		 		 	BUCKEYE MINERALS & ROYALTIES, LLC
		 		 	ECLIPSE RESOURCES MIDSTREAM, LP
		 		 	ECLIPSE RESOURCES MARKETING, LP
		 	                  	 	ECLIPSE RESOURCES–PA, LP
		 		 	BLUE RIDGE MOUNTAIN RESOURCES, INC.
		 		 	BAKKEN HUNTER, LLC
		 		 	TRIAD HUNTER, LLC
		 		 	HUNTER REAL ESTATE, LLC
		 		 	VIKING INTERNATIONAL RESOURCES CO., INC.

							
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

  
 Signature Page 

Third Amended and Restated Guarantee and Collateral Agreement 

					
		  	 Acknowledged and Agreed to as
 of
the date hereof by:

		
	ADMINISTRATIVE AGENT:	  	 BANK OF MONTREAL, as Administrative

Agent

			
		  	By:	 	 

             

		  	Name:	 	  

		  	Title:	 	  

 Signature Page 

Third Amended and Restated Guarantee and Collateral Agreement 

 SCHEDULE 1 

NOTICE ADDRESSES OF GUARANTORS 
  

	1.	 Eclipse GP, LLC, a Delaware limited liability company 

	2.	 Eclipse Resources-Ohio, LLC, a Delaware limited liability company 

	3.	 Buckeye Minerals & Royalties, LLC, a Delaware limited liability company 

	4.	 Eclipse Resources Operating, LLC, a Delaware limited liability company 

	5.	 Eclipse Resources Midstream, LP, a Delaware limited partnership 

	6.	 Eclipse Resources Marketing, LP, a Delaware limited partnership 

	7.	 Eclipse Resources I, LP, a Delaware limited partnership 

	8.	 Eclipse Resources-PA, LP, a Delaware limited partnership

	9.	 Blue Ridge Mountain Resources, Inc., a Delaware corporation 

	10.	 Bakken Hunter, LLC, a Delaware limited liability company 

	11.	 Triad Hunter, LLC, a Delaware limited liability company 

	12.	 Hunter Real Estate, LLC, a Delaware limited liability company 

	13.	 Viking International Resources Co., Inc., a Delaware corporation 

Attn: Chief Financial Officer 

122 W. John Carpenter Freeway 

Suite 300 
 Irving, Texas 75039

 Facsimile: (469) 444-1649 

  
 Schedule 1 - 1 

 SCHEDULE 2 

DESCRIPTION OF PLEDGED SECURITIES 

Pledged Securities: 
  

									
	 Owner
	  	 Issuer
	  	 Class of Stock or other

Equity Interest
	  	
No. of
Shares
	  	 Certificated or

Uncertificated

	 Montage Resources Corporation
	  	Eclipse GP, LLC	  	Membership Interests	  	100%	  	N/A
	 Montage Resources Corporation
	  	Eclipse Resources I, LP	  	Limited Partner Partnership Interests	  	100%	  	N/A
	 Eclipse GP, LLC
	  	Eclipse Resources I, LP	  	General Partner Partnership Interests	  	100%	  	N/A
	 Eclipse Resources I, LP
	  	Eclipse Resources- Ohio, LLC	  	Membership Interests	  	100%	  	N/A
	 Eclipse Resources I, LP
	  	Buckeye Minerals & Royalties, LLC	  	Membership Interests	  	100%	  	N/A
	 Eclipse Resources I, LP
	  	Eclipse Resources Operating, LLC	  	Membership Interests	  	100%	  	N/A
	 Montage Resources Corporation
	  	Eclipse Resources Midstream, LP	  	Limited Partner Partnership Interests	  	100%	  	N/A
	 Eclipse GP, LLC
	  	Eclipse Resources Midstream, LP	  	General Partner Partnership Interests	  	100%	  	N/A
	 Montage Resources Corporation
	  	Eclipse Resources Marketing, LP	  	Limited Partner Partnership Interests	  	100%	  	N/A
	 Eclipse GP, LLC
	  	Eclipse Resources Marketing, LP	  	General Partner Partnership Interests	  	100%	  	N/A
	 Eclipse GP, LLC
	  	Eclipse Resources-PA, LP	  	General Partner Partnership Interests	  	100%	  	N/A
	 Montage Resources Corporation
	  	Eclipse Resources-PA, LP	  	Membership Interests	  	100%	  	N/A
	 Eclipse GP, LLC
	  	Sundance Exploration, LP	  	General Partner Partnership Interests	  	100%	  	N/A
	 Montage Resources Corporation
	  	Sundance Exploration, LP	  	Membership Interests	  	100%	  	N/A
	 Triad Hunter, LLC
	  	Alpha Hunter Drilling, LLC	  	Membership Interest	  	100%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	Bakken Hunter, LLC	  	Membership Interest	  	100%	  	N/A

  
 Schedule 2 - 1 

									
	 Owner
	  	 Issuer
	  	 Class of Stock or other

Equity Interest
	  	 No. of
Shares
	  	 Certificated or

Uncertificated

	 Montage Resources Corporation
	  	Blue Ridge Mountain Resources, Inc.	  	Stockholder	  	1,000 Common Stock	  	Uncertificated
	 Triad Hunter, LLC
	  	Hunter Real Estate, LLC	  	Membership Interest	  	100%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	Magnum Hunter Resources GP, LLC	  	Membership Interest	  	100%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	Magnum Hunter Resources, LP	  	Limited Partner Partnership Interests	  	98%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	Magnum Hunter Services, LLC	  	Membership Interest	  	100%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	NGAS Hunter, LLC	  	Membership Interest	  	100%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	Shale Hunter, LLC	  	Membership Interest	  	100%	  	N/A
	 Triad Hunter, LLC
	  	Triad Holdings, LLC	  	Membership Interest	  	100%	  	N/A
	 Blue Ridge Mountain Resources, Inc.
	  	Triad Hunter, LLC	  	Membership Interest	  	100%	  	N/A
	 Triad Hunter, LLC
	  	Viking International Resources Co., Inc.	  	Stockholder	  	3,000 Class A Common Stock	  	Certificate 01
		  		  		  	80,099 Class B Common Stock	  	Certificate 01
	 Viking International Resources Co., Inc.
	  	VIRCO Pipeline of Ohio, LLC	  	Membership Interest	  	100%	  	N/A
	 Viking International Resources Co., Inc.
	  	VIRCO Pipeline of West Virginia, LLC	  	Membership Interest	  	100%	  	N/A

  
 Schedule 2 - 2 

 SCHEDULE 3 

FILINGS AND OTHER ACTIONS 

REQUIRED TO PERFECT SECURITY INTERESTS 

Uniform Commercial Code Filings 
 Filing
of UCC-1 or UCC-3 financing statements, as applicable, with respect to the Collateral listing each of the Grantors as debtor and the Administrative Agent as secured
party with the appropriate filing office. 
 Delivery to Administrative Agent of Pledged Securities 

Certificate No. 01, representing 3,000 shares of Class A Common Stock of Viking International Resources Co., Inc. 

Certificate No. 01, representing 80,099 shares of Class B Common Stock of Viking International Resources Co., Inc. 

Deposit Account Control Agreement 

Execution and delivery of that certain Deposit Account and Sweep Investment Control Agreement by and among Wells Fargo Bank, National Association, the
Grantors party thereto, and the Administrative Agent which shall be executed and delivered within thirty (30) days following the date of this Agreement. 

That certain (i) Blocked Account Agreement, entered into as of August 5, 2015, by and among Manufacturers and Traders Trust Company, Eclipse Resources
Marketing, LP, and Bank of Montreal, (ii) Blocked Account Agreement, entered into as of August 5, 2015, by and among Manufacturers and Traders Trust Company, Eclipse Resources I, LP, and Bank of Montreal, and (iii) Blocked Account Agreement,
entered into as of August 5, 2015, by and among Manufacturers and Traders Trust Company, Eclipse Resources Corporation, and Bank of Montreal. 

  
 Schedule 3 - 1 

 SCHEDULE 4 

CORRECT LEGAL NAME, LOCATION OF JURISDICTION OF ORGANIZATION, 

ORGANIZATIONAL IDENTIFICATION NUMBER, TAXPAYOR IDENTIFICATION 

NUMBER AND CHIEF EXECUTIVE OFFICE 
  

							
	 Entity
	  	Organizational
Identification Number	  	Taxpayer
Identification Number	  	 Chief Executive Office

	Montage Resources Corporation, a Delaware corporation	  	5482186	  	27-4681664	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse Resources I, LP, a Delaware limited partnership	  	4929500	  	27-4681664	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse GP, LLC, a Delaware limited liability company	  	4929497	  	None	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse Resources-Ohio, LLC, a Delaware limited liability company	  	5547529	  	30-0788206	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Buckeye Minerals & Royalties, LLC, a Delaware limited liability company	  	5409381	  	35-2486831	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse Resources Operating, LLC, a Delaware limited liability company	  	4908919	  	27-419961	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse Resources Midstream, LP, a Delaware limited partnership	  	5669909	  	32-0456128	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse Resources Marketing, LP, a Delaware limited partnership	  	5669913	  	38-3952306	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Eclipse Resources-PA, LP, a Delaware limited partnership	  	6576382	  	37-1871325	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Blue Ridge Mountain Resources, Inc., a Delaware corporation	  	2758331	  	86-0879278	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Bakken Hunter, LLC, a Delaware limited liability company	  	4877001	  	27-3553862	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Hunter Real Estate, LLC, a Delaware limited liability company	  	4776468	  	27-1658073	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Triad Hunter, LLC, a Delaware limited liability company	  	4743815	  	27-1355830	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

				
	Viking International Resources Co., Inc. a Delaware corporation	  	21559398	  	31-1240097	  	 122 W. John Carpenter Freeway Suite 300
 Irving,
Texas 75039

  
 Schedule 4 - 1 

 SCHEDULE 5 

PRIOR NAMES AND PRIOR CHIEF EXECUTIVE OFFICE 
  

					
	 Entity
	  	 Prior Names
	  	 Prior Chief Executive Office

	Eclipse Resources I, LP, a Delaware limited partnership	  	N/A	  	 301 Science Park Road, Suite 308, State College, PA 16803; and
  

912 South Atherton Street, State College, PA 16801
  

2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803

			
	Eclipse Resources-Ohio, LLC, a Delaware limited liability company	  	 The Oxford Oil Company, an Ohio Corporation;
  

The Oxford Oil Company, LLC, an Ohio limited liability company; and
  

Eclipse Resources-Ohio, LLC, an Ohio limited liability company
	  	 4900 Boggs Road, Zanesville, Ohio 43702
  

2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
  

2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803

			
	Eclipse Resources Operating, LLC, a Delaware limited liability company	  	N/A	  	 301 Science Park Road, Suite 308, College Park, PA 16803; and
  

912 South Atheron Street, State College, PA 16801
  

2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803

			
	Montage Resources Corporation, a Delaware corporation	  	Eclipse Resources Corporation, a Delaware corporation	  	2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
			
	Eclipse GP, LLC, a Delaware limited liability company	  	N/A	  	2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
			
	Buckeye Minerals & Royalties, LLC, a Delaware limited liability company	  	N/A	  	2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
			
	Eclipse Resources Midstream, LP, a Delaware limited partnership	  	N/A	  	2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
			
	Eclipse Resources Marketing, LP, a Delaware limited partnership	  	N/A	  	2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
			
	Eclipse Resources-PA, LP, a Delaware limited partnership	  	N/A	  	2121 Old Gatesburg Rd. Suite 110 State College, Pennsylvania 16803
			
	Blue Ridge Mountain Resources, Inc., a Delaware corporation	  	Magnum Hunter Resources Corporation, a Delaware corporation	  	 909 Lake Carolyn Parkway, Suite 600
 Irving,
Texas 75309
  
 1046 Texan Trail

Grapevine, Texas 76051

			
		  		  	 777 Post Oak Blvd., Suite 650
 Houston, Texas
77056

  
 Schedule 5 - 1 

					
	 Entity
	  	 Prior Names
	  	 Prior Chief Executive Office

			
	Bakken Hunter, LLC, a Delaware limited liability company	  	N/A	  	 909 Lake Carolyn Parkway, Suite 600
 Irving,
Texas 75309
  
 1046 Texan Trail

Grapevine, Texas 76051
  

777 Post Oak Blvd., Suite 650
 Houston, Texas 77056

			
	Hunter Real Estate, LLC, a Delaware limited liability company	  	N/A	  	 909 Lake Carolyn Parkway, Suite 600
 Irving,
Texas 75309
  
 1046 Texan Trail

Grapevine, Texas 76051
  

777 Post Oak Blvd., Suite 650
 Houston, Texas 77056

			
	Triad Hunter, LLC, a Delaware limited liability company	  	N/A	  	 909 Lake Carolyn Parkway, Suite 600
 Irving,
Texas 75309
  
 1046 Texan Trail

Grapevine, Texas 76051
  

777 Post Oak Blvd., Suite 650
 Houston, Texas 77056

			
	Viking International Resources Co., Inc. a Delaware corporation	  	N/A	  	 909 Lake Carolyn Parkway, Suite 600
 Irving,
Texas 75309
  
 1046 Texan Trail

Grapevine, Texas 76051
  

777 Post Oak Blvd., Suite 650
 Houston, Texas 77056

  
 Schedule 5 - 2 

 Annex I 

ACKNOWLEDGMENT AND CONSENT 

The undersigned hereby acknowledges receipt of a copy of the Third Amended and Restated Guarantee and Collateral Agreement dated as of
February 28, 2019 (the “Agreement”), made by the Grantors parties thereto for the benefit of Bank of Montreal, as Administrative Agent. The undersigned agrees for the benefit of the Administrative Agent and the Lenders as follows:

 1. The undersigned will be bound by the terms of the Agreement and will comply with such terms insofar as such terms are applicable to
the undersigned. 
 2. The undersigned will notify the Administrative Agent promptly in writing of the events described in
Section 6.06(a) of the Agreement. 
 3. The terms of Sections 7.01(c) and 7.05 of the Agreement
shall apply to the undersigned, mutatis mutandis, with respect to all actions that may be required of it pursuant to Sections 7.01(c) or 7.05 of the Agreement. 

 

			
	[NAME OF ISSUER]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	Address for Notices:
		
	    	 	 
		 	 
		 	 
	Fax:	 	 

  
  

	*	 This consent is necessary only with respect to any Issuer which is not also a Grantor. This consent may be
modified or eliminated with respect to any Issuer that is not controlled by a Grantor. 

  
 Annex I - 1 

 Annex II 

ASSUMPTION AGREEMENT 

ASSUMPTION AGREEMENT, dated as of
                    , 20    , made by
                                        ,
a                             (the “Additional Grantor”), in favor of Bank of
Montreal, as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions (the “Lenders”) parties to the Credit Agreement referred to below. All capitalized
terms not defined herein shall have the meaning ascribed to them in such Credit Agreement. 
 W I T N E S S E T H: 

WHEREAS, Montage Resources Corporation (f/k/a Eclipse Resources Corporation), a Delaware corporation (the “Borrower”), the
Lenders and the Administrative Agent, have entered into a Third Amended and Restated Credit Agreement, dated as of February 28, 2019 (as amended, restated, amended and restated supplemented or otherwise modified from time to time, the
“Credit Agreement”); 
 WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Subsidiaries have
entered into the Third Amended and Restated Guarantee and Collateral Agreement, dated as of February 28, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Guarantee and Collateral
Agreement”) in favor of the Administrative Agent for the benefit of the Secured Parties; 
 WHEREAS, the Credit Agreement requires
the Additional Grantor to become a party to the Guarantee and Collateral Agreement; and 
 WHEREAS, the Additional Grantor has agreed to
execute and deliver this Assumption Agreement in order to become a party to the Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS
AGREED: 
 1. Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as
provided in Section 10.13 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as
a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder and expressly grants to the Administrative Agent, for the benefit of the Secured Parties (as defined in
the Guarantee and Collateral Agreement), a security interest in all Collateral owned by such Additional Grantor to secure all of such Additional Grantor’s obligations and liabilities thereunder. The information set forth in Annex II-A hereto is hereby added to the information set forth in Schedules 1 through 5 to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that each of the
representations and warranties contained in Article V of the Guarantee and Collateral Agreement, as such representation and warranty relates to the Additional Grantor, 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 AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 Annex II-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 GRANTOR]

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Annex II-2 

 EXHIBIT G 

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 (as amended, 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 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 respective facilities identified below (including any letters of
credit and guarantees included in such facilities) 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]5]
	3.	  	Borrower:	  	Montage Resources Corporation (f/k/a Eclipse Resources Corporation)
	4.	  	Administrative Agent:	  	Bank of Montreal, as the administrative agent under the Credit Agreement
	5.	  	Credit Agreement:	  	The Third Amended and Restated Credit Agreement dated as of February 28, 2019 among Montage Resources Corporation (f/k/a Eclipse Resources Corporation), the Lenders parties thereto, Bank of Montreal, as Administrative Agent, and the
other agents parties thereto
	6.	  	Assigned Interest:	  	

  

					
	 Aggregate Maximum Credit

Amounts
	  	Maximum Credit
Amount Assigned	  	Percentage Assigned of
Aggregate Maximum
Credit Amounts6
	 $            
	  	$            	  	         %
	 $            
	  	$	  	         %
	 $            
	  	$	  	         %

  

	5 	 Select as applicable. 

	6 	 Set forth, to at least 9 decimals, as a percentage of the Aggregate Maximum Credit Amounts of all Lenders.

  
 Exhibit G - 1 

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

  
 Exhibit G - 2 

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit G - 3 

 [Consented to and]7 Accepted: 

BANK OF MONTREAL, as Administrative Agent 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

		 	
		 	
	[Consented to:]8
	
	[NAME OF RELEVANT PARTY]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

	7 	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

	8 	 To be added only if the consent of the Borrower and/or other parties (e.g. Issuing Bank) is required by the
terms of the Credit Agreement. 

  
 Exhibit G - 4 

 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 is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person
exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) 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 deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned
Interest, (vi) it has, independently and without reliance upon the Administrative 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
Assignment and Assumption and to purchase the Assigned Interest, and (vii) 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 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 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. 
 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 

  
 Exhibit G - 5 

 
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 facsimile or other electronic transmission (e.g. .pdf) 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 G - 6 

 EXHIBIT H-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(FOREIGN LENDERS; NOT PARTNERSHIPS) 

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

Reference is hereby made to the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Montage Resources Corporation (f/k/a Eclipse Resources Corporation), as Borrower, Bank of Montreal, as Administrative Agent, the
financial institutions from time to time party thereto as Lenders, and the other Agents 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 Administrative Agent and the Borrower with a certificate of its
non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E. By executing this
certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times
furnished the Borrower and the 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:	 	  

  
 Exhibit H-1 - 1 

 EXHIBIT H-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(FOREIGN PARTICIPANTS; NOT PARTNERSHIPS) 

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

Reference is hereby made to the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Montage Resources Corporation (f/k/a Eclipse Resources Corporation), as Borrower, Bank of Montreal, as Administrative Agent, the
financial institutions from time to time party thereto as Lenders, and the other Agents 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 or IRS Form
W-8BEN-E. By executing this certificate, the undersigned agrees that (1) if the information provided in 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:	 	  

  
 Exhibit H-2 - 1 

 EXHIBIT H-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(FOREIGN PARTICIPANTS; PARTNERSHIPS) 

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

Reference is hereby made to the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Montage Resources Corporation (f/k/a Eclipse Resources Corporation), as Borrower, Bank of Montreal, as Administrative Agent, the
financial institutions from time to time party thereto as Lenders, and the other Agents 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 IRS Form
W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E 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 in 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:	 	  

  
 Exhibit H-3 - 1 

 EXHIBIT H-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(FOREIGN LENDERS; PARTNERSHIPS) 

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

Reference is hereby made to the Third Amended and Restated Credit Agreement dated as of February 28, 2019 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Montage Resources Corporation (f/k/a Eclipse Resources Corporation), as Borrower, Bank of Montreal, as Administrative Agent, the
financial institutions from time to time party thereto as Lenders, and the other Agents 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 Administrative Agent and the Borrower 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 IRS Form W-8BEN-E or (ii) an IRS Form W- 8IMY accompanied by an IRS Form W-8BEN
or IRS Form W-8BEN-E 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 in this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the
Borrower and the 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:	 	  

  
 Exhibit H-4 - 1 

 EXHIBIT I 

FORM OF MAXIMUM CREDIT AMOUNT INCREASE CERTIFICATE 

[                    ],
20[    ] 
  

	To:	 Bank of Montreal, 

as Administrative Agent 
 The
Borrower, the Administrative Agent and certain Lenders and other agents have heretofore entered into a Third Amended and Restated Credit Agreement dated as of February 28, 2019 (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”). Capitalized terms not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement. 

This Maximum Credit Amount Increase Certificate (this “Certificate”) is being delivered pursuant to
Section 2.06(c)(ii)(D) of the Credit Agreement. 
 Please be advised that the undersigned (the “Increasing Lender”)
has agreed (a) to increase its Maximum Credit Amount under the Credit Agreement effective [                    ],
20[    ] (the “Effective Date”) from $[                    ] to
$[                    ]9 and (b) that the Increasing Lender shall purchase a
pro rata portion of the outstanding Loans (and participation interests in Letters of Credit) of each of the other Lenders such that each Lender shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after
giving effect to the increase in the Aggregate Maximum Credit Amounts effected by this Certificate. 
 Section 12.09 of the Credit
Agreement shall apply to this Certificate mutatis mutandis. 
 [Remainder of page intentionally left blank.] 

 
  

	9 	 Such increase shall be in an amount that complies with Section 2.06(c)(ii)(A) of the Credit Agreement.

  
 Exhibit I - 1 

 
			
	Very truly yours,
	
	MONTAGE RESOURCES CORPORATION, a Delaware corporation

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	Accepted and Agreed:
	
	[GUARANTORS]

			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit I - 2 

 Accepted and Agreed: 
  

			
	BANK OF MONTREAL, as Administrative Agent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		 	
		 	
	Accepted and Agreed:
	
	[Name of Increasing Lender]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit I - 3 

 EXHIBIT J 

FORM OF ADDITIONAL LENDER CERTIFICATE 

[                    ],
20[    ] 
  

	To:	 Bank of Montreal, 

	 	 as Administrative Agent 

The Borrower, the Administrative Agent and certain Lenders and other agents have heretofore entered into a Third Amended and Restated Credit
Agreement dated as of February [    ], 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms not otherwise defined
herein shall have the meaning given to such terms in the Credit Agreement. 
 This Additional Lender Certificate (this
“Certificate”) is being delivered pursuant to Section 2.06(c)(ii)(E) of the Credit Agreement. 
 Please be advised
that the undersigned (the “Additional Lender”) has agreed (a) to become a Lender under the Credit Agreement effective
[                    ], 20[    ] (the “Effective Date”) with a Maximum Credit Amount of
$[                    ]10, (b) that the Additional Lender shall be a party to the Credit
Agreement and have the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents and (c) that the Additional Lender shall purchase a pro rata portion of the outstanding Loans (and participation interests
in Letters of Credit) of each of the other Lenders such that each Lender shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after giving effect to the increase in the Aggregate Maximum Credit Amounts effected
by this Additional Lender Certificate. 
 This Additional Lender Certificate is being delivered to the Administrative Agent together with an
Administrative Questionnaire and a processing and recordation fee of $3,500. The Borrower shall (a) if requested by the Additional Lender, deliver a Note payable to such Additional Lender in a principal amount equal to its Maximum Credit
Amount, and otherwise duly completed and (b) pay any applicable fees as may have been agreed to in writing between the Borrower, the Additional Lender and/or the Administrative Agent. 

Section 12.09 of the Credit Agreement shall apply to this Certificate mutatis mutandis. 

[Remainder of page intentionally left blank.] 

 

	10 	 Such increase shall be in an amount that complies with Section 2.06(c)(ii)(A) of the Credit Agreement.

  
 Exhibit J - 1 

 
			
	Very truly yours,
	
	MONTAGE RESOURCES CORPORATION, a
	Delaware corporation

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Accepted and Agreed: 
  

			
	[GUARANTORS]

			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit J - 2 

 Accepted and Agreed: 

BANK OF MONTREAL, as Administrative Agent 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

 Accepted and Agreed: 

[Additional Lender] 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit J - 3 

 SCHEDULE 1.01 

EXISTING LETTERS OF CREDIT 
  

	1.	 Bank of Montreal Irrevocable Standby Letter of Credit No. BMCH437518OS for $26,937,000.00 in favor of Columbia
Gas Transmission. 

  

	2.	 Keybank National Association Irrevocable Standby Letter of Credit No. S325001 for $60,000.00 in favor of TETCO.

  
 Schedule 1.01 - 1 

 SCHEDULE 7.05 

LITIGATION 
 1.
    Center for Biological Diversity, Heartwood, Ohio Environmental Council, Sierra Club. v. U.S. Forest Service, et al. in the United States District Court for the Southern District of Ohio Eastern Division (Case No. 2:17-cv-oo372-MHW-KAJ, filed May 02, 2017). 

  
 Schedule 7.05 - 1 

 SCHEDULE 7.06 

ENVIRONMENTAL MATTERS 
 None. 

  
 Schedule 7.06 - 1 

 SCHEDULE 7.14 

SUBSIDIARIES 
  

							
	 Restricted Subsidiaries
	  	 Jurisdiction of
Organization
	  	 Organizational
Identification
Number
	  	 Principal Place of Business
and
Chief Executive
Office

	 Eclipse Resources I, LP
	  	Delaware	  	4929500	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Eclipse GP, LLC
	  	Delaware	  	4929497	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Eclipse Resources-Ohio, LLC
	  	Delaware	  	5547529	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Buckeye Minerals & Royalties, LLC
	  	Delaware	  	5409381	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Eclipse Resources Operating, LLC
	  	Delaware	  	4908919	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Eclipse Resources Midstream, LP
	  	Delaware	  	5669909	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Eclipse Resources Marketing, LP
	  	Delaware	  	5669913	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Eclipse Resources-PA, LP
	  	Delaware	  	6576382	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Sundance Exploration, LP
	  	Delaware	  	6690373	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Blue Ridge Mountain Resources, Inc.
	  	Delaware	  	2758331	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Alpha Hunter Drilling, LLC
	  	Delaware	  	4776425	  	 125 Putnam St.
 Marietta, Ohio
45750

				
	 Bakken Hunter, LLC
	  	Delaware	  	4877001	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Hunter Real Estate, LLC
	  	Delaware	  	4776468	  	 125 Putnam St.
 Marietta, Ohio 45750

 
 122 W. John Carpenter Freeway

Suite 300
 Irving, Texas 75039

				
	 Magnum Hunter Resources GP, LLC
	  	Delaware	  	4587811	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Magnum Hunter Resources, LP
	  	Delaware	  	4587813	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

  
 Schedule 7.14 - 1 

							
	 Magnum Hunter Services, LLC
	  	Delaware	  	5126444	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 NGAS Hunter, LLC
	  	Delaware	  	4876985	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 Shale Hunter, LLC
	  	Delaware	  	5305083	  	 122 W. John Carpenter Freeway
 Suite 300

Irving, Texas 75039

				
	 Triad Holdings, LLC
	  	Ohio	  	GL7764	  	 125 Putnam St.
 Marietta, Ohio
45750

				
	 Triad Hunter, LLC
	  	Delaware	  	4743815	  	 125 Putnam St.
 Marietta, Ohio 45750

 
 122 W. John Carpenter Freeway

Suite 300
 Irving, Texas 75039

				
	 Viking International Resources Co., Inc.
	  	Delaware	  	2159398	  	 125 Putnam St.
 Marietta, Ohio 45750

 
 122 W. John Carpenter Freeway

Suite 300
 Irving, Texas 75039

				
	 VIRCO Pipeline of Ohio, LLC
	  	Ohio	  	2028128	  	 125 Putnam St.
 Marietta, Ohio
45750

				
	 VIRCO Pipeline of West Virginia, LLC
	  	West Virginia	  	299110	  	 125 Putnam St.
 Marietta, Ohio
45750

				
	 Unrestricted Subsidiaries
	  	 Jurisdiction of
Organization
	  	 Organizational
Identification
Number
	  	 Principal Place of Business
and

Chief Executive Office

	 Magnum Hunter Production, Inc.
	  	Kentucky	  	0193715	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 Daugherty Petroleum N.D. Ventures LLC
	  	Kentucky	  	0626769	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Gathering, LLC
	  	Kentucky	  	0602945	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 DPI Natural Gas Partners 2000-1, Ltd.
	  	Kentucky	  	0508353	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 DPI Natural Gas Partners 2000-1 Drilling Program
	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 DPI Natural Gas Partners 2002-1, Ltd.
	  	Kentucky	  	0540459	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 DPI Natural Gas Partners 2002-1 Drilling Program
	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

  
 Schedule 7.14 - 2 

							
	 DPI Natural Gas Partners 2003-1, Ltd.
	  	Kentucky	  	0553245	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	DPI Natural Gas Partners 2003-1, Ltd. Drilling Program	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 DPI Natural Gas Partners 2003-2, Ltd.
	  	Kentucky	  	0565413	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	DPI Natural Gas Partners 2003-2, Ltd. Drilling Program	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2004-1, Ltd.
	  	Kentucky	  	0577425	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2004-1, Ltd. Drilling Program
	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2005-A, Ltd.
	  	Kentucky	  	0602941	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2005-A Drilling Program
	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2005-C, Ltd.
	  	Kentucky	  	0615446	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2005-C Drilling Program
	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2006–B, Ltd.
	  	Kentucky	  	0641545	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

				
	 NGAS Partners 2006-B Drilling Program
	  	Kentucky	  	N/A – General Partnership	  	 120 Prosperous Place
 Suite 201

Lexington, Kentucky 40509

  
 Schedule 7.14 - 3 

 SCHEDULE 7.18 

GAS IMBALANCES 
 None. 

  
 Schedule 7.18 - 1 

 SCHEDULE 7.19 

MARKETING CONTRACTS 
 None. 

  
 Schedule 7.19 - 1 

 SCHEDULE 7.20 

SWAP AGREEMENTS 
  

	1.	 ISDA 2002 Master Agreement dated as of January 10, 2014 between Eclipse Resources I, L.P. and Bank of Montreal

	2.	 Schedule to ISDA 2002 Master Agreement dated as of January 10, 2014 between Eclipse Resources I, L.P. and Bank
of Montreal. 

	3.	 ISDA 1992 Master Agreement dated as of April 4, 2014 between Eclipse Resources I, L.P. and KeyBank, National
Association. 

	4.	 Schedule to ISDA 1992 Master Agreement dated as of April 4, 2014 between Eclipse Resources I, L.P. and KeyBank,
National Association. 

	5.	 ISDA 2002 Master Agreement dated as of April 13, 2015 between Eclipse Resources I, L.P. and Citibank, National
Association. 

	6.	 Schedule to ISDA 1992 Master Agreement dated as of April 13, 2015 between Eclipse Resources I, L.P. and
Citibank, National Association. 

	7.	 ISDA 2002 Master Agreement dated as of April 10, 2015 between Eclipse Resources I, L.P. and Morgan Stanley
Capital Group, Inc. 

	8.	 Schedule to ISDA 1992 Master Agreement dated as of April 10, 2015 between Eclipse Resources I, L.P. and Morgan
Stanley Capital Group, Inc. 

	9.	 ISDA 2002 Master Agreement dated as of March 8, 2017 between Eclipse Resources Corporation and BP Energy
Company. 

	10.	 Schedule to ISDA 2002 Master Agreement dated as of March 8, 2017 between Eclipse Resources Corporation and BP
Energy Company. 

	11.	 ISDA 2002 Master Agreement dated as of March 10, 2017 between Eclipse Resources Corporation and Capital One,
National Association. 

	12.	 Schedule to ISDA 2002 Master Agreement dated as of March 10, 2017 between Eclipse Resources Corporation and
Capital One, National Association. 

	13.	 ISDA 2002 Master Agreement dated as of September 1, 2017 between Eclipse Resources Corporation and Royal Bank
of Canada. 

	14.	 Schedule to ISDA 2002 Master Agreement dated as of September 1, 2017 between Eclipse Resources Corporation and
Royal Bank of Canada. 

	15.	 ISDA 2002 Master Agreement dated as of December 17, 2015, as amended, between Eclipse Resources Corporation and
J. Aron & Company. 

	16.	 Schedule to ISDA 2002 Master Agreement dated as of December 17, 2015 between Eclipse Resources Corporation and
J. Aron & Company. 

	17.	 ISDA 1992 Master Agreement dated as of June 10, 2016 between Blue Ridge Mountain Resources, Inc. (f/k/a Magnum
Hunter Resources Corporation) and Shell Trading Risk Management, LLC. 

	18.	 Schedule to ISDA 1992 Master Agreement dated as of June 10, 2016 between Blue Ridge Mountain Resources, Inc.
(f/k/a Magnum Hunter Resources Corporation) and Shell Trading Risk Management, LLC, as amended by the Amendment and Consent to the ISDA Master Agreement dated as of January 28, 2019 between Blue Ridge Mountain Resources, Inc. and Shell Trading Risk
Management, LLC. 

	19.	 ISDA 2002 Master Agreement dated as of July 20, 2016 between Blue Ridge Mountain Resources, Inc. (f/k/a Magnum
Hunter Resources Corporation) and NextEra Energy Power Marketing, LLC. 

	20.	 Schedule to ISDA 2002 Master Agreement dated as of July 20, 2016 between Blue Ridge Mountain Resources, Inc.
(f/k/a Magnum Hunter Resources Corporation) and NextEra Energy Power Marketing, LLC, as amended by the Amendment and Consent to the ISDA Master Agreement dated as of February 28, 2019 between Blue Ridge Mountain Resources, Inc. and NextEra Energy
Power Marketing, LLC. 

  
 Schedule 7.20 - 1 

	21.	 ISDA 1992 Master Agreement dated as of June 15, 2017 between Blue Ridge Mountain Resources, Inc. and EDF
Trading North America, LLC. 

	22.	 Schedule to ISDA 1992 Master Agreement dated as of June 15, 2017 between Blue Ridge Mountain Resources, Inc.
and EDF Trading North America, LLC, as amended by the Amendment and Consent to the ISDA Master Agreement dated as of February 28, 2019 between Blue Ridge Mountain Resources, Inc. and EDF Trading North America, LLC. 

	23.	 ISDA 2002 Master Agreement dated as of January 6, 2017 between Blue Ridge Mountain Resources, Inc. (f/k/a
Magnum Hunter Resources Corporation) and BP Energy Company, as novated by the Novation Agreement dated February 28, 2019 among Blue Ridge Mountain Resources, Inc., BP Energy Company and Eclipse Resources Corporation. 

	24.	 Amended and Restated Schedule to ISDA 2002 Master Agreement dated as of November 6, 2017 between Blue Ridge
Mountain Resources, Inc. and BP Energy Company. 

	25.	 ISDA 1992 Master Agreement dated as of June 28, 2016 between Blue Ridge Mountain Resources, Inc. (f/k/a Magnum
Hunter Resources Corporation) and Cargill, Incorporated, as novated by that Four-Way Novation Agreement dated as of February 28, 2019 among Cargill, Incorporated, Blue Ridge Mountain Resources, Inc., KeyBank
National Association and Eclipse Resources Corporation. 

	26.	 Schedule to ISDA 1992 Master Agreement dated as of June 28, 2016 between Blue Ridge Mountain Resources, Inc.
(f/k/a Magnum Hunter Resources Corporation) and Cargill, Incorporated, as amended by the Amendment to ISDA Master Agreement, dated as of November 7, 2017. 

(See attached for material terms of the Swap Agreements) 

  
 Schedule 7.20 - 2 

 Natural Gas Swaps: 
  

																																			
	 Counterparty
	  	Entity	  	Transaction
Date	  	 Product
	  	 Reference

Number
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Mmbtu)	  	Daily Quantity
(Mmbtu/d)
	 Morgan Stanley
	  	ECR	  	1/22/2018	  	SWAP - NYMEX	  	F19052779-1	  	04/01/2018	  	 	 	03/31/2019		  	 	$	2.9000		  	 	 	10,000	
	 Morgan Stanley
	  	ECR	  	1/23/2018	  	SWAP - NYMEX	  	F19054904-1	  	04/01/2018	  	 	 	03/31/2019		  	 	$	2.9000		  	 	 	20,000	
	 Goldman Sachs
	  	ECR	  	3/5/2018	  	SWAP - NYMEX	  	SDBB4QN3333FMZBXNK111	  	10/01/2018	  	 	 	12/31/2019		  	 	$	2.8000		  	 	 	30,000	
	 Capital One
	  	ECR	  	3/2/2018	  	SWAP - NYMEX	  	4664-1	  	10/01/2018	  	 	 	12/31/2019		  	 	$	2.8000		  	 	 	5,000	
	 BMO
	  	ECR	  	3/8/2018	  	SWAP - NYMEX	  	1110787	  	01/01/2019	  	 	 	12/31/2019		  	 	$	2.8000		  	 	 	20,000	
	 Goldman Sachs
	  	ECR	  	3/23/2018	  	SWAP - NYMEX	  	SDBB4QN3333FPZG4TT111	  	01/01/2019	  	 	 	12/31/2019		  	 	$	2.9225		  	 	 	30,000	
	 Capital One
	  	ECR	  	3/5/2018	  	SWAP - NYMEX	  	4667-1	  	10/01/2018	  	 	 	12/31/2019		  	 	$	2.8000		  	 	 	5,000	
	 EDF
	  	BRMR	  		  	SWAP - NYMEX	  		  	04/01/2019	  	 	 	09/30/2019		  	 	$	2.7900		  	 	 	15,000	

 Natural Gas Collars: 
  

																																
	 Counterparty
	  	 	  	Transaction
Date	  	 Product
	  	 Reference

Number
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Mmbtu)	  	Daily Quantity
(Mmbtu/d)
	 Capital One
	  	ECR	  	11/5/2018	  	Put Purchased	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.650		  	 	 	30,000	
	 Capital One
	  	ECR	  	11/5/2018	  	Ceiling Sold	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.950		  	 	 	30,000	
	 BP
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.000		  	 	 	10,000	
	 BP
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.500		  	 	 	10,000	
	 Cargill
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.000		  	 	 	10,000	
	 Cargill
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.780		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.790		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.840		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.850		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.500		  	 	 	15,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.780		  	 	 	15,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.870		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.850		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.900		  	 	 	10,000	
	 Cargill
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	5,000	
	 Cargill
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.860		  	 	 	5,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	5,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.860		  	 	 	5,000	
	 Cargill
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.000		  	 	 	10,000	
	 Cargill
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.510		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.000		  	 	 	20,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2019		  	 	 	3/31/2019		  	 	$	3.550		  	 	 	20,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.500		  	 	 	15,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.860		  	 	 	15,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.500		  	 	 	15,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	7/1/2019		  	 	 	9/30/2019		  	 	$	2.910		  	 	 	15,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.600		  	 	 	15,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.990		  	 	 	15,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.600		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.990		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2020		  	 	 	3/31/2020		  	 	$	2.700		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2020		  	 	 	3/31/2020		  	 	$	3.160		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2020		  	 	 	3/31/2020		  	 	$	2.700		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2020		  	 	 	3/31/2020		  	 	$	3.150		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	1/1/2020		  	 	 	3/31/2020		  	 	$	2.750		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	1/1/2020		  	 	 	3/31/2020		  	 	$	3.140		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.750		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	10/1/2019		  	 	 	12/31/2019		  	 	$	2.900		  	 	 	10,000	
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.600		  	 	 	5,000	
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	4/1/2019		  	 	 	6/30/2019		  	 	$	2.850		  	 	 	5,000	
	 Cargill
	  	BRMR	  		  	Put Purchased	  		  	 	 	4/1/2020		  	 	 	6/30/2020		  	 	$	2.500		  	 	 	15,000	
	 Cargill
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	4/1/2020		  	 	 	6/30/2020		  	 	$	2.800		  	 	 	15,000	

 Three Way Collars 
  

																													
	 Counterparty
	  	 	  	 Transaction
Date
	  	 Product
	  	 Reference

Number
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Mmbtu)	  	Daily Quantity
(Mmbtu/d)
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	 	 	01/01/2019		  	 	 	03/31/2019		  	 	$	3.250		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Put Sold	  		  	 	 	01/01/2019		  	 	 	03/31/2019		  	 	$	2.750		  	 	 	10,000	
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	 	 	01/01/2019		  	 	 	03/31/2019		  	 	$	3.700		  	 	 	10,000	

																					
	 Cargill
	  	BRMR	  		  	Put Purchased	  		  	01/01/2019	  	03/31/2019	  	$	3.250	 	  	 	10,000	 
	 Cargill
	  	BRMR	  		  	Put Sold	  		  	01/01/2019	  	03/31/2019	  	$	2.650	 	  	 	10,000	 
	 Cargill
	  	BRMR	  		  	Ceiling Sold	  		  	01/01/2019	  	03/31/2019	  	$	3.570	 	  	 	10,000	 
	 NextEra
	  	BRMR	  		  	Put Purchased	  		  	01/01/2019	  	03/31/2019	  	$	3.000	 	  	 	19,000	 
	 NextEra
	  	BRMR	  		  	Put Sold	  		  	01/01/2019	  	03/31/2019	  	$	2.500	 	  	 	19,000	 
	 NextEra
	  	BRMR	  		  	Ceiling Sold	  		  	01/01/2019	  	03/31/2019	  	$	3.460	 	  	 	19,000	 
	 BP
	  	BRMR	  		  	Put Purchased	  		  	01/01/2019	  	03/31/2019	  	$	3.250	 	  	 	10,000	 
	 BP
	  	BRMR	  		  	Put Sold	  		  	01/01/2019	  	03/31/2019	  	$	2.750	 	  	 	10,000	 
	 BP
	  	BRMR	  		  	Ceiling Sold	  		  	01/01/2019	  	03/31/2019	  	$	3.610	 	  	 	10,000	 
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	01/01/2020	  	06/30/2020	  	$	2.700	 	  	 	10,000	 
	 EDF
	  	BRMR	  		  	Put Sold	  		  	01/01/2020	  	06/30/2020	  	$	2.250	 	  	 	10,000	 
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	01/01/2020	  	06/30/2020	  	$	3.050	 	  	 	10,000	 
	 EDF
	  	BRMR	  		  	Put Purchased	  		  	01/01/2020	  	06/30/2020	  	$	2.700	 	  	 	10,000	 
	 EDF
	  	BRMR	  		  	Put Sold	  		  	01/01/2020	  	06/30/2020	  	$	2.250	 	  	 	10,000	 
	 EDF
	  	BRMR	  		  	Ceiling Sold	  		  	01/01/2020	  	06/30/2020	  	$	3.050	 	  	 	10,000	 

 Natural Gas Options 

 

																																									
	 Counterparty
	  	 	  	Transaction
Date	  	Product	  	Reference
Number	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Mmbtu)	  	Daily Quantity
(Mmbtu/d)
	 BMO
	  	ECR	  	9/14/2016	  	Call Sold	  	901787	  	01/01/2019	  	12/31/2019	  	 	$	4.750		  	 	 	10,000	
	 Goldman Sachs
	  	ECR	  	5/10/2017	  	Put Sold	  	SDBB4QN3333B9HZHQX111	  	6/1/2017	  	3/31/2019	  	 	$	2.400		  	 	 	20,000	
	 Goldman Sachs
	  	ECR	  	5/10/2017	  	Put Purchased	  	SDBB4QN3333B9HZHQX111	  	6/1/2017	  	3/31/2019	  	 	$	2.200		  	 	 	20,000	
	 Goldman Sachs
	  	ECR	  	12/1/2017	  	Put Sold	  	SDBB4QN3333DFRK4LN111	  	1/1/2018	  	3/31/2019	  	 	$	2.500		  	 	 	20,000	
	 Goldman Sachs
	  	ECR	  	3/8/2018	  	Call Sold	  		  	1/1/2019	  	3/31/2019	  	 	$	3.500		  	 	 	30,000	
	 Goldman Sachs
	  	ECR	  	3/8/2018	  	Call Sold	  		  	4/1/2019	  	12/31/2019	  	 	$	3.000		  	 	 	30,000	
	 Cargill
	  	BRMR	  		  	Call Sold	  		  	1/1/2019	  	3/31/2019	  	 	$	3.500		  	 	 	15,000	

  

	*	 Note: The Cargill swaps listed have been novated to KeyBanc. 

 Swaps: 
  

																																			
	 Counterparty
	  	 Entity
	  	 Product
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Gal)	  	Strike Price
($/Bbl)	  	Daily Quantity
(Gal/d)	  	Daily Quantity
(Bbl/d)
	 EDF
	  	BRMR	  	Propane	  	01/01/2019	  	03/31/2019	  	 	$	0.71		  	 	$	29.82		  	 	 	33,600		  	 	 	800	
	 NextEra
	  	BRMR	  	Propane	  	06/01/2018	  	03/31/2019	  	 	$	0.82		  	 	$	34.44		  	 	 	12,600		  	 	 	300	
	 BP
	  	BRMR	  	Propane	  	01/01/2019	  	12/31/2019	  	 	$	0.95		  	 	$	39.90		  	 	 	14,700		  	 	 	350	

																																
	 Oil Swaps:
  
	  	 	  	 	  	 	  	 	  	 	  	 
	 Counterparty
	  	 Entity
	  	Transaction
Date	  	 Product
	  	 Reference
Number
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Mmbtu)	  	Daily Quantity
(Bbl/d)
	 BMO
	  	ECR	  	1/24/2018	  	OIL - WTI	  	1089795	  	07/01/2018	  	03/31/2019	  	 	$	61.0000		  	 	 	1,000	
	 BP
	  	ECR	  	2/21/2019	  	OIL - WTI	  	ECE19PS00001	  	07/01/2019	  	12/31/2019	  	 	$	58.8000		  	 	 	1,000	
	 Capital One
	  	ECR	  	2/21/2019	  	OIL - WTI	  	6869-1	  	01/01/2020	  	12/31/2020	  	 	$	58.2000		  	 	 	500	
	  
 Oil Collars:

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 Counterparty
	  	 Entity
	  	Transaction
Date	  	 Product
	  	 Reference
Number
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Bbl)	  	Daily Quantity
(Bbl/d)
	 Capital One
	  	ECR	  	2/21/2019	  	Put Purchased	  	6863-1	  	07/01/2019	  	12/31/2019	  	 	$	50.000		  	 	 	1,000	
	 Capital One
	  	ECR	  	2/21/2019	  	Ceiling Sold	  	6864-1	  	07/01/2019	  	12/31/2019	  	 	$	66.750		  	 	 	1,000	
	 BP
	  	ECR	  	2/21/2019	  	Put Purchased	  	ECE19PS00001	  	01/01/2020	  	12/31/2020	  	 	$	50.000		  	 	 	500	
	 BP
	  	ECR	  	2/21/2019	  	Ceiling Sold	  	ECE20PS00002	  	01/01/2020	  	12/31/2020	  	 	$	64.000		  	 	 	500	
	  
 Three Way Collars

 
	  	 	  	 	  	 	  	 	  	 	  	 
	 Counterparty
	  	 Entity
	  	Transaction
Date	  	 Product
	  	 Reference
Number
	  	First Settlement
Month	  	Last Settlement
Month	  	Strike Price
($/Bbl)	  	Daily Quantity
(Bbl/d)
	 BP
	  	ECR	  	1/24/2018	  	Put Purchased	  	ECE19PO0002	  	01/01/2019	  	12/31/2019	  	 	$	55.000		  	 	 	1,000	
	 BP
	  	ECR	  	1/24/2018	  	Put Sold	  	ECE19PO0001	  	01/01/2019	  	12/31/2019	  	 	$	45.000		  	 	 	1,000	
	 BP
	  	ECR	  	1/24/2018	  	Ceiling Sold	  	ECE19PO0003	  	01/01/2019	  	12/31/2019	  	 	$	64.000		  	 	 	1,000	
	 Key Banc
	  	ECR	  	2/5/2018	  	Put Purchased	  	335108	  	01/01/2019	  	12/31/2019	  	 	$	45.000		  	 	 	1,000	
	 Key Banc
	  	ECR	  	2/5/2018	  	Put Sold	  	335109	  	01/01/2019	  	12/31/2019	  	 	$	35.000		  	 	 	1,000	
	 Key Banc
	  	ECR	  	2/5/2018	  	Ceiling Sold	  	335110	  	01/01/2019	  	12/31/2019	  	 	$	57.120		  	 	 	1,000	
	 BMO
	  	ECR	  	11/6/2018	  	Put Purchased	  	1248230	  	01/01/2020	  	06/30/2020	  	 	$	62.500		  	 	 	1,000	
	 BMO
	  	ECR	  	11/6/2018	  	Put Sold	  	1248231	  	01/01/2020	  	06/30/2020	  	 	$	55.000		  	 	 	1,000	
	 BMO
	  	ECR	  	11/6/2018	  	Ceiling Sold	  	1248232	  	01/01/2020	  	06/30/2020	  	 	$	74.000		  	 	 	1,000	
	 BMO
	  	ECR	  	11/6/2018	  	Put Purchased	  	335108	  	01/01/2020	  	06/30/2020	  	 	$	62.500		  	 	 	1,000	
	 BMO
	  	ECR	  	11/6/2018	  	Put Sold	  	335109	  	01/01/2020	  	06/30/2020	  	 	$	55.000		  	 	 	1,000	
	 BMO
	  	ECR	  	11/6/2018	  	Ceiling Sold	  	335110	  	01/01/2020	  	06/30/2020	  	 	$	74.000		  	 	 	1,000	

 Swaps: 
  

																			
	 Counterparty
	  	 Entity
	  	 Product
	  	 First Settlement

Month
	  	 Last Settlement
Month
	  	Strike Price
($/MMbtu)	  	Daily Quantity
(MMbtu/d)
	 Goldman Sachs
	  	ECR	  	
IFERC - Appalachia Dom
	  	04/01/2019	  	10/31/2019	  	 	$	(0.520	)	  	 	 	12,500	
	 Goldman Sachs
	  	ECR	  	
IFERC - Appalachia Dom
	  	04/01/2020	  	10/31/2020	  	 	$	(0.520	)	  	 	 	12,500	
	 Morgan Stanley
	  	ECR	  	
IFERC - Appalachia Dom
	  	01/01/2020	  	12/31/2020	  	 	$	(0.590	)	  	 	 	20,000	
	 BP
	  	BRMR	  	
IFERC - Appalachia Dom
	  	01/01/2019	  	12/31/2019	  	 	$	(0.500	)	  	 	 	17,500	
	 BMO
	  	ECR	  	
IFERC - Appalachia Dom
	  	04/01/2019	  	03/31/2020	  	 	$	(0.385	)	  	 	 	10,000	
	 Key Banc
	  	ECR	  	
IFERC - Appalachia Dom
	  	04/01/2019	  	03/31/2020	  	 	$	(0.390	)	  	 	 	10,000	

 SCHEDULE 9.02 

EXISTING DEBT 
  

	1.	 Bank of America, N.A. Irrevocable Standby Letter of Credit No. 3138214 for $20,000,000 in favor of Rockies
Express Pipeline LLC for the account of BP Energy Company on behalf of Triad Hunter, LLC. 

  

	2.	 Bank of America, N.A. Irrevocable Standby Letter of Credit No. 3138237 for $1,300,000 in favor of
Equitrans, LP for the account of BP Energy Company on behalf of Triad Hunter, LLC. 

  
 Schedule 9.2 - 1 

 SCHEDULE 9.03 

EXISTING LIENS 
 None. 

  
 Schedule 9.3 - 1 

 SCHEDULE 9.05 

INVESTMENTS 
  

	1.	 Investments in the Subsidiaries listed on Schedule 7.14 existing on the Effective Date. 

  
 Schedule 9.05 - 1 

 SCHEDULE 9.14 

AFFILIATE TRANSACTIONS 
  

	1.	 Board Observation Agreement, dated as of August 25, 2018, by and among EnCap Energy Capital Fund VIII, L.P.,
EnCap Energy Capital Fund VIII Co-Investors, L.P., EnCap Energy Capital Fund IX, L.P. and Eclipse Resources Corporation. 

  
 Schedule 9.14 - 1 

 SCHEDULE 9.18 

APPROVED COUNTERPARTIES AND SWAP AGREEMENTS 

The swap agreements listed in clauses 17 through 26 on Schedule 7.20. 

  
 Schedule 9.18 - 1EX-4.6

 Exhibit 4.6 

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is made as of March 6, 2019, by and among LEVI STRAUSS & CO., a Delaware corporation (the
“Company”), and each of the stockholders of the Company listed on SCHEDULE A hereto (each, a “Stockholder”). The Company and the Stockholders agree as follows: 

1.    Definitions. For purposes of this Agreement: 

1.1    “Affiliate” means, with respect to any specified Person, any other Person who,
directly or indirectly, controls, is controlled by, or is under common control with such specified Person, including without limitation any general partner, managing member, officer, director or trustee of such specified Person, or any venture
capital fund or registered investment company now or hereafter existing that is controlled by one or more general partners, managing members or investment adviser of, or shares the same management company or investment adviser with, such specified
Person. 
 1.2    “Board of Directors” means the board of directors of the Company. 

1.3    “Class A Common Stock” means shares of the
Company’s Class A common stock. 

1.4    “Class B Common Stock”
means shares of the Company’s Class B common stock. 
 1.5    “DGCL” shall have
the meaning set forth in Subsection 3.5(b). 
 1.6    “Damages” means any loss, damage,
claim or liability (joint or several) to which a party hereto may become subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, claim or liability (or any action in respect thereof) arises
out of or is based upon: (a) any untrue statement or alleged untrue statement of a material fact contained in any registration statement of the Company, including any preliminary prospectus or final prospectus contained therein or any
amendments or supplements thereto; (b) an omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (c) any violation or alleged violation by
the indemnifying party (or any of its agents or Affiliates) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any state securities law. 

1.7    “Demand Deferral” shall have the meaning set forth in Subsection 2.1(b). 

1.8    “Demand Request” shall have the meaning set forth in Subsection 2.1(a). 

1.9    “Demand Notice” shall have the meaning set forth in Subsection 2.1(a). 

1.10    “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder. 
 1.11    “Excluded Registration” means:
(a) a registration on Form S-8 (or any successor form thereto) relating to the sale or grant of securities to employees of the Company or a subsidiary of the Company pursuant to a stock option, stock
purchase, equity incentive or similar plan; and (b) a registration on Form S-4 (or any successor form thereto) relating to transactions under SEC Rule 145. 

1.12    “Form S-3” means such form
under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC that permits forward incorporation of substantial information by reference to other documents filed by the
Company with the SEC (other than a registration form under the Securities Act that may be used for an Excluded Registration). 

 1.13    “Holder” means any holder of
Registrable Securities who is a party to this Agreement. 
 1.14    “Initiating Demand
Holders” shall have the meaning set forth in Subsection 2.1(a). 

1.15    “Initiating Holders” means, collectively, the Initiating Demand
Holders, Initiating Shelf Holders and Initiating Shelf Take-Down Holders. 
 1.16    “Initiating Shelf
Holders” shall have the meaning set forth in Subsection 2.2(a). 

1.17    “Initiating Shelf Take-Down Holders” shall have the meaning in
Subsection 2.2(d)(i). 
 1.18    “IPO” means the Company’s first underwritten public
offering of its Class A Common Stock under the Securities Act occurring after the date of this Agreement. 

1.19    “IPO Lock-up Period” means the period ending
180 days after the date of the prospectus relating to the IPO. 
 1.20    “Long Form
Registration” shall have the meaning set forth in Subsection 2.1(a). 

1.21    “Person” means any individual, corporation, partnership, trust, limited liability
company, association or other entity. 
 1.22    “Registrable Securities” means
(a) the Class A Common Stock issuable or issued upon conversion of the Class B Common Stock held of record by the Stockholders, and (b) any Class A Common Stock issued as a dividend, stock split or other distribution with
respect to, or in exchange for or in replacement of, the shares referenced in clause (a), excluding in both the case of (a) and (b) any Registrable Securities sold by a Person in a transaction in which the applicable rights under this
Agreement are not assigned pursuant to Subsection 3.1, and excluding any shares for which registration rights have terminated and not been reinstated pursuant to Subsection 2.11. 

1.23    “Registration” means a registration with the SEC of the Company’s securities
for offer and sale to the public under a Registration Statement. 
 1.24    “Registration
Statement” means any registration statement of the Company that covers Registrable Securities pursuant to the provisions of this Agreement filed with, or to be filed with, the SEC under the rules and regulations promulgated under the
Securities Act, including the related prospectus, amendments and supplements to such registration statement, including pre- and post-effective amendments, and all exhibits and all material incorporated by
reference in such registration statement; provided, however, that the term “Registration Statement” without reference to a time includes such Registration Statement as amended by any post-effective amendments as of the time
of first contract of sale for the Registrable Securities. 
 1.25    “Related Person” of a
Stockholder means: (a) in the case of an individual, any relative or spouse of such Stockholder, or any relative of such spouse, any one of whom has the same home as such Stockholder; (b) any trust or estate in which such Stockholder or
any of the Persons specified in clause (a) collectively own 10 percent or more of the total beneficial interest or of which any of such persons serve as trustee, executor or in any similar capacity; and (c) any corporation or other
organization (other than the Company) in which such Stockholder or any of the Persons specified in clause (a) are the beneficial owners collectively of 10 percent or more of any class of equity securities or 10 percent or more of the
equity interest. 

  
 2 

 1.26    “SEC” means the Securities and
Exchange Commission. 
 1.27    “SEC Rule 144” means Rule 144 promulgated by the SEC under
the Securities Act. 
 1.28    “SEC Rule 145” means Rule 145 promulgated by the SEC under
the Securities Act. 
 1.29    “Securities Act” means the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder. 
 1.30    “Selling
Expenses” means all underwriting discounts, selling commissions, and stock transfer taxes applicable to the sale of Registrable Securities, and fees and disbursements of counsel for any Holder, except for the fees and disbursements of
the Selling Holder Counsel borne and paid by the Company as provided in Subsection 2.7. 

1.31    “Selling Holder Counsel” shall have the meaning set forth in Subsection 2.7. 

1.32    “Shelf Deferral” shall have the meaning set forth in Subsection 2.2(e). 

1.33    “Shelf Holder” shall have the meaning set forth in Subsection 2.2(a). 

1.34    “Shelf Notice” shall have the meaning set forth in Subsection 2.2(a). 

1.35    “Shelf Request” shall have the meaning set forth in Subsection 2.2(a). 

1.36    “Shelf Registration” shall have the meaning set forth in Subsection 2.2(a). 

1.37    “Shelf Registration Statement” means a Registration Statement of the Company filed
with the SEC on Form S-3 for an offering to be made on a continuous basis pursuant to Rule 415 (or any successor provision) under the Securities Act covering all or any portion of the Registrable Securities,
as applicable. To the extent that the Company is a “well-known seasoned issuer” (as such term is defined in Rule 405 (or any successor or similar rule) of the Securities Act), a “Shelf Registration Statement” shall be deemed to
refer to an “automatic shelf registration statement,” as such term is defined in Rule 405 (or any successor or similar rule) of the Securities Act. 

1.38    “Shelf Take-Down” shall have the meaning set forth in Subsection 2.2(d)(i). 

1.39    “Short Form Registration” shall have the meaning set forth in Subsection 2.1(a).

 1.40    “Underwritten Shelf Take-Down Notice” shall have the meaning set forth in
Subsection 2.2(d)(iii). 
 1.41    “Underwritten Shelf Take-Down Request” shall have the
meaning set forth in Subsection 2.2(d)(ii). 

  
 3 

 2.    Registration Rights. 

2.1    Demand Registration. 

(a)    At any time after the IPO, one or more Holders (the “Initiating Demand Holders”) may
make a written request (the “Demand Request”) to the Company for Registration of all or a part of the Registrable Securities held by such Holders on Form S-3 (a “Short Form
Registration”) or, only if the Company is not eligible to use Form S-3 at such time, Form S-1 (or any successor form thereto) (a “Long Form
Registration”), for the Registration of such Registrable Securities; provided, however, that a Demand Request may only be made if there is no currently effective Shelf Registration Statement on file with the SEC with
respect to the Registrable Securities held by such Holders. Each Demand Request shall specify the aggregate amount of Registrable Securities of the Initiating Demand Holders to be registered and the intended methods of disposition thereof. Promptly
upon delivery of the Demand Request, the Company shall: (i) within five business days after the date such request is given, give notice thereof (the “Demand Notice”) to all Holders other than the Initiating Demand
Holders; (ii) as soon as practicable, and in any event within 90 days, in the case of a request for a Long Form Registration, and within 45 days, in the case of a Short Form Registration, in each case, after the date the Demand Request is
given by the Initiating Demand Holders, file with the SEC a Registration Statement relating to such Demand Request covering all Registrable Securities requested to be included in such Registration by the Initiating Demand Holders, as specified in
the Demand Request, and any other Holders, as specified by notice given by each such Holder to the Company within 15 days of the date the Demand Notice is given, and in each case, subject to the limitations of Subsections 2.1(b) and (c)
(provided, however, that if a Demand Request is delivered prior to the expiration of the IPO Lock-up Period, the Company shall not be obligated to file, but shall be obligated to prepare, such
Registration Statement prior to the expiration of the IPO Lock-up Period); and (iii) use its reasonable best efforts to cause such Registration Statement promptly to become effective under the Securities
Act. 
 (b)    Notwithstanding the foregoing obligations, if the Company furnishes to Holders requesting a
Registration pursuant to this Subsection 2.1 a certificate signed by the Company’s chief executive officer stating that in the good faith judgment of the Board of Directors it would be materially detrimental to the Company and its stockholders
for such Registration Statement to be filed, become effective or remain effective for as long as such Registration Statement otherwise would be required to remain effective, because such action would (i) materially interfere with a significant
acquisition, corporate reorganization, or other similar transaction involving the Company, (ii) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential, or
(iii) render the Company unable to comply with requirements under the Securities Act or Exchange Act, then the Company shall have the right to defer taking action with respect to such filing (a “Demand Deferral”), and
any time periods with respect to filing or effectiveness thereof shall be tolled correspondingly, for a period of not more than 60 days in any one instance or 90 days in the aggregate (together with any Shelf Deferrals) after the request of the
relevant Initiating Demand Holders is given; provided, however, that the Company may not invoke this right if a Shelf Deferral has occurred within the 12-month period immediately preceding the date such certificate is furnished and
otherwise may not invoke this right more than once in any 12-month period; and provided further that the Company shall not register any securities for its own account or that of any other stockholder
during such Demand Deferral period other than an Excluded Registration. 
 (c)    The Company shall not be
obligated to effect, or to take any action to effect, any Registration pursuant to Subsection 2.1(a) if (i) the Company has effected two Registrations pursuant to Subsection 2.1(a) within the 12-month period immediately preceding the date of
such request or (ii) the sale of the Registrable Securities requested to be registered in the applicable Demand Request, together with all Registrable Securities requested to be included in such Registration in notices given by the Holders to
the Company within 15 days of the date the applicable Demand Notice was given, would not reasonably be expected to result in anticipated gross offering proceeds in excess of $25 million, before deducting Selling Expenses; provided that
clause (ii) shall not apply if the entire remaining amount of all Holders’ Registrable Securities are requested to be registered. A Registration shall not be counted as “effected” for purposes of this Subsection 2.1(c) until such
time as the applicable Registration Statement has been declared effective by the SEC, unless the Initiating Demand Holders withdraw their request for such Registration and elect not to pay the registration expenses therefor, in which case such
withdrawn registration statement shall be counted as “effected” for purposes of this Subsection 2.1(c); provided, that if such withdrawal is during a period the Company has deferred taking action pursuant to Subsection 2.1(b) or
2.1(c), then the Initiating Holders may withdraw their request for registration and such Registration will not be counted as “effected” for purposes of this Subsection 2.1(c). 

  
 4 

 2.2    Shelf Registration. 

(a)    At any time after the IPO, each Holder (the “Initiating Shelf Holder”) may initiate
a written request (a “Shelf Request”) to the Company to file with the SEC a Shelf Registration Statement on Form S-3, which Shelf Request shall specify the aggregate amount of
Registrable Securities of the Initiating Shelf Holder to be registered thererin and the intended methods of distribution thereof (any such requested Shelf Registration Statement, a “Shelf Registration”). Promptly upon
delivery of any Shelf Request (but in no event more than five business days after delivery of the Shelf Request), the Company shall deliver a written notice of such Shelf Request to all Holders other than the Initiating Shelf Holder (the
“Shelf Notice”), and the Company shall include in such Shelf Registration all such Registrable Securities of such Holders which the Company has received written requests for inclusion therein within 15 days after the Shelf
Notice is delivered to such Holders (each such Holder delivering such a request, together with the Initiating Shelf Holder, a “Shelf Holder”). 

(b)    Following the delivery of a Shelf Request, the Company shall, subject to Subsection 2.2(e), (i) file
promptly (and, in any event, within 30 days following delivery of such Shelf Request) with the SEC a Shelf Registration Statement (which shall be an automatic Shelf Registration Statement if the Company qualifies at such time to file such a Shelf
Registration Statement) relating to the offer and sale of all Registrable Securities by the Shelf Holders from time to time in accordance with the methods of distribution elected by such Shelf Holders and set forth in the Shelf Registration
Statement (provided, however, that if a Shelf Request is delivered prior to the expiration of the IPO Lock-up Period, the Company shall not be obligated to file, but shall be obligated to
prepare, such Shelf Registration Statement prior to the expiration of the IPO Lock-up Period) and (ii) use its reasonable best efforts to cause such Shelf Registration Statement promptly to become
effective under the Securities Act. 
 (c)    The Company shall use its reasonable best efforts to keep any Shelf
Registration Statement filed pursuant to Subsection 2.2(b) continuously effective under the Securities Act in order to permit the prospectus forming a part thereof to be usable in connection with any Shelf Take-Down until the earliest of
(i) the date as of which all Registrable Securities have been sold pursuant to the Shelf Registration Statement or another Registration Statement filed under the Securities Act (but in no event prior to the applicable period referred to in
Section 4(a)(3) of the Securities Act and Rule 174 thereunder) or otherwise cease to be Registrable Securities and (ii) the termination of this Agreement. 

(d)    Shelf Take-Downs. 

(i)    An offering or sale of Registrable Securities pursuant to a Shelf Registration Statement (each, a “Shelf
Take-Down”) may, subject to Subsection 2.2(e), be initiated at any time by any Shelf Holder (the “Initiating Shelf Take-Down Holder”). Except as set forth in Subsection 2.2(d)(iii), the Initiating Shelf Take-Down
Holder shall not be required to permit the offer and sale of Registrable Securities by other Shelf Holders in connection with any such Shelf Take-Down initiated by the Initiating Shelf Take-Down Holder. 

(ii)    If the Initiating Shelf Take-Down Holder elects by written request to the Company, a Shelf Take-Down shall be in
the form of an underwritten offering (such written request, an “Underwritten Shelf Take-Down Request”) and the Company shall amend or supplement the Shelf Registration Statement for such purpose as soon as practicable. 

(iii)    Promptly upon delivery of an Underwritten Shelf Take-Down Request (but in no event more than two business days
thereafter) and subject to Subsection 2.4, the Company shall promptly deliver a written notice (a “Underwritten Shelf Take-Down Notice”) of such Shelf Take-Down to all Shelf Holders (other than the Initiating Shelf Take-Down
Holder), and the Company shall include in such Shelf Take-Down all such Registrable Securities of such Shelf Holders that are registered on such Shelf Registration Statement for which the Company has received written requests, which requests must
specify the aggregate amount of such Registrable Securities of such Holder to be offered and sold pursuant to such Shelf Take-Down, for inclusion therein within two business days after the date that such Underwritten Shelf Take-Down Request has been
delivered. 

  
 5 

 (e)    Notwithstanding the foregoing obligations, if the Company
furnishes to Holders requesting a Registration pursuant to this Subsection 2.2 a certificate signed by the Company’s chief executive officer stating that in the good faith judgment of the Board of Directors that the filing or continued use of a
Shelf Registration Statement would be materially detrimental to the Company and its stockholders because such action would (i) materially interfere with a significant acquisition, corporate reorganization, or other similar transaction involving
the Company, (ii) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential, or (iii) render the Company unable to comply with requirements under the Securities
Act or Exchange Act, then the Company shall have the right to defer taking action with respect to such filing or continued use (a “Shelf Deferral”), and any time periods with respect to filing or effectiveness thereof shall
be tolled correspondingly, for a period of not more than 60 days in the aggregate (together with any Demand Deferrals) after the request of the relevant Initiating Shelf Holders or Initiating Shelf Take-Down Holders is given; provided,
however, that: (a) such Shelf Deferral shall terminate at such earlier time as such filing or continued use would no longer so interfere, require such premature disclosure or so render the Company unable to comply; (b) the Company
may not invoke this right if a Demand Deferral has occurred within the 12-month period immediately preceding the date such certificate is furnished and otherwise may not invoke this right more than once in any
12-month period; and (c) the Company shall not register any securities for its own account or that of any other stockholder during such 60-day period other than an
Excluded Registration. 
 2.3    Company Registration. If the Company proposes to register any of its
Class A Common Stock under the Securities Act whether or not for sale for its own account (other than in an Excluded Registration or for the IPO), the Company shall, at such time, promptly give each Holder notice of such registration. Upon the
request of each Holder given within 15 days after such notice is given by the Company, the Company shall, subject to the provisions of Subsection 2.4, cause to be registered all of the Registrable Securities that each such Holder has requested to be
included in such registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Subsection 2.3 before the effective date of such registration, whether or not any Holder has elected to include
Registrable Securities in such registration. The expenses of such withdrawn registration shall be borne by the Company. No Registrations pursuant to this Subsection 2.3 shall count towards the limitations on the number of
Registrations set forth in Subsection 2.1(c). 
 2.4    Underwriting Requirements. 

(a)    If, pursuant to Subsection 2.1 or 2.2(d), the Initiating Holders intend to distribute the Registrable
Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Subsection 2.1 or 2.2(d), and the Company shall include such information in the Demand Notice, Shelf
Notice or Underwritten Shelf Take-Down Notice, as applicable. The underwriter(s) will be selected by the relevant Initiating Holders; provided that such underwriter(s) shall be reasonably acceptable to the Company. In such event, the right of
any Holder to include such Holder’s Registrable Securities in such Registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting
to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company as provided in Subsection 2.5(e)) enter into an underwriting agreement in customary form with the
underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Subsection 2.4, if the managing underwriter(s) advise(s) the Company in writing that marketing factors require a limitation on the number of shares to
be underwritten, then the Company shall so advise all Holders of Registrable Securities that otherwise would be underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated among
such Holders of Registrable Securities, including such Initiating Holders, in proportion (as nearly as practicable) to the number of Registrable Securities owned by each Holder or in such other proportion as shall mutually be agreed to by all
such selling Holders. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest 100 shares. 

  
 6 

 (b)    In connection with any offering involving an underwriting
of shares of the Company’s capital stock pursuant to Subsection 2.3, the Company shall not be required to include any of the Holders’ Registrable Securities in such underwriting unless the Holders accept the terms of the underwriting as
agreed upon between the Company and its managing underwriter(s). The Company shall use reasonable efforts to cause the managing underwriter(s) to permit Holders of Registrable Securities who have requested to include Registrable Securities in such
offering to include in such offering all Registrable Securities so requested to be included, on the same terms and conditions as any other shares of capital stock, if any, of the Company included in the offering. Notwithstanding the foregoing, if
the total number of securities, including Registrable Securities, requested by stockholders to be included in such offering exceeds the number of securities to be sold (other than by the Company) that the managing underwriter(s) in their reasonable
discretion determine is compatible with the success of the offering, then the Company shall be required to include in the offering only that number of such securities, including Registrable Securities, that the managing underwriter(s) and the
Company determine in good faith will not jeopardize the success of the offering. If the underwriters determine that less than all of the Registrable Securities requested to be registered can be included in such offering, then the Registrable
Securities that are included in such offering shall be allocated among the selling Holders in proportion (as nearly as practicable to) the number of Registrable Securities owned by each selling Holder or in such other proportions as shall mutually
be agreed to by all such selling Holders. To facilitate the allocation of shares in accordance with the above provisions, the Company or the managing underwriter(s) may round the number of shares allocated to any Holder to the nearest 100 shares.
Notwithstanding the foregoing, in no event shall (i) the number of Registrable Securities included in the offering be reduced unless all other securities (other than securities to be sold by the Company) are first entirely excluded
from the offering, or (ii) the number of Registrable Securities included in the offering be reduced below 50% of the total number of securities included in such offering. For purposes of the provision in this Subsection 2.3(b) concerning
apportionment, Stockholders that are Related Persons or Affiliates shall be deemed to be a single “selling Holder,” and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate number of
Registrable Securities owned by all such Stockholders included in such “selling Holder,” as defined in this sentence. 

(c)    For purposes of Subsection 2.1, a registration shall not be counted as “effected” if, as a
result of an exercise of the underwriter’s cutback provisions in Subsection 2.4(a), fewer than 80% of the total number of Registrable Securities that Holders have requested to be included in such Registration Statement are actually included.

 2.5    Obligations of the Company. Whenever required under this Section 2 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 

(a)    prepare and file with the SEC a Registration Statement with respect to such Registrable Securities and use
its commercially reasonable efforts to cause such Registration Statement to become effective and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such Registration Statement effective for a
period of not less than 180 days or, if earlier, until the distribution contemplated in the Registration Statement has been completed; provided, however, that such 180-day period shall be extended for a period of time equal to the
period the Holder refrains, at the request of an underwriter of Class A Common Stock (or other securities) of the Company, from selling any securities included in such registration; 

(b)    prepare and file with the SEC such amendments and supplements to such Registration Statement, and the
prospectus used in connection with such Registration Statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such Registration Statement; 

(c)    furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus,
as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; 

  
 7 

 (d)    use its commercially reasonable efforts to register and
qualify the securities covered by such Registration Statement under such other securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that
the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required
by the Securities Act; 
 (e)    in the event of any underwritten public offering, enter into and perform its
obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; 

(f)    use its commercially reasonable efforts to cause all such Registrable Securities covered by such
Registration Statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; 

(g)    provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement
and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 

(h)    promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in
any disposition pursuant to such Registration Statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and
properties of the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as
necessary or advisable to verify the accuracy of the information in such Registration Statement and to conduct appropriate due diligence in connection therewith; 

(i)    notify each selling Holder, promptly after the Company receives notice thereof, of the time
when such Registration Statement has been declared effective or a supplement to any prospectus forming a part of such effective Registration Statement has been filed; and 

(j)    after such Registration Statement becomes effective, notify each selling Holder of any request by the SEC
that the Company amend or supplement such Registration Statement or prospectus. 
 2.6    Furnish
Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 2 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the
Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as is reasonably required to effect the registration of such Holder’s Registrable Securities. 

2.7    Selling Expenses. All expenses (other than Selling Expenses) incurred in connection with
registrations, filings, or qualifications pursuant to Section 2, including all registration, filing, and qualification fees; printers’ and accounting fees; fees and disbursements of counsel for the Company, and the reasonable fees and
disbursements of up to two counsel for the selling Holders (“Selling Holder Counsel”), shall be borne and paid by the Company; provided, however, that the Company shall not be required to pay for any
expenses of any registration proceeding begun pursuant to Subsection 2.1 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all selling
Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be included in the withdrawn registration); provided further that if, at the time of such withdrawal, the Holders shall have learned of a
material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their request and have withdrawn the request with reasonable promptness after learning of such information then the Holders
shall not be required to pay any of such expenses. All Selling Expenses relating to Registrable Securities registered pursuant to this Section 2 shall be borne and paid by the Holders pro rata on the basis of the number of Registrable
Securities registered on their behalf. 

  
 8 

 2.8    Indemnification. If any Registrable Securities are
included in a Registration Statement under this Section 2: 
 (a)    To the extent permitted by law, the
Company will indemnify and hold harmless each selling Holder, the partners, members, officers, directors, and stockholders of each such Holder, legal counsel and accountants for each such Holder, any underwriter (as defined in the Securities Act)
for each such Holder, and each Person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, underwriter, controlling Person,
or other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided,
however, that the indemnity agreement contained in this Subsection 2.8(a) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Company, which consent shall not
be unreasonably withheld, nor shall the Company be liable for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of any
such Holder, underwriter, controlling Person, or other aforementioned Person expressly for use in connection with such registration. 

(b)    To the extent permitted by law, each selling Holder, severally and not jointly, will indemnify and hold
harmless the Company, and each of its directors, each of its officers who has signed the Registration Statement, each Person (if any), who controls the Company within the meaning of the Securities Act, legal counsel and accountants for the Company,
any underwriter (as defined in the Securities Act), any other Holder selling securities in such Registration Statement, and any controlling Person of any such underwriter or other Holder, against any Damages, in each case only to the extent that
such Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of such selling Holder expressly for use in connection with such registration; and each such
selling Holder will pay to the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such
expenses are incurred; provided, however, that the indemnity agreement contained in this Subsection 2.8(a) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent
of the Holder, which consent shall not be unreasonably withheld; and provided further that in no event shall the aggregate amounts payable by any Holder by way of indemnity or contribution under Subsections 2.8(a) and 2.8(c) exceed the
proceeds from the offering received by such Holder (net of any Selling Expenses paid by such Holder), except in the case of fraud or willful misconduct by such Holder. 

(c)    Promptly after receipt by an indemnified party under this Subsection 2.8 of notice of the commencement of
any action (including any governmental action) for which a party may be entitled to indemnification hereunder, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Subsection 2.8, give
the indemnifying party notice of the commencement thereof. The indemnifying party shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any other indemnifying party to which
notice has been given, and to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without
conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be
inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such action. The failure to give notice to the indemnifying party within a reasonable time of the
commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Subsection 2.8, to the extent that such failure materially prejudices the indemnifying party’s ability to defend such
action. The failure to give notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Subsection 2.8. 

  
 9 

 (d)    To provide for just and equitable contribution to joint
liability under the Securities Act in any case in which either: (i) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Subsection 2.8 but it is judicially determined (by the entry of a
final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case, notwithstanding the fact that this Subsection
2.8 provides for indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any party hereto for which indemnification is provided under this Subsection 2.8, then, and in each such case, such
parties will contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of the
indemnifying party and the indemnified party in connection with the statements, omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations. The
relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or allegedly untrue statement of a material fact, or the omission or alleged omission of a material
fact, relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission; provided,
however, that, in any such case (x) no Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered and sold by such Holder pursuant to such Registration Statement,
and (y) no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation; and
provided further that in no event shall a Holder’s liability pursuant to this Subsection 2.8(d), when combined with the amounts paid or payable by such Holder pursuant to Subsection 2.8(b), exceed the proceeds from the offering received
by such Holder (net of any Selling Expenses paid by such Holder), except in the case of willful misconduct or fraud by such Holder. 

(e)    Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution
contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

(f)    Unless otherwise superseded by an underwriting agreement entered into in connection with the underwritten
public offering, the obligations of the Company and Holders under this Subsection 2.8 shall survive the completion of any offering of Registrable Securities in a registration under this Section 2, and otherwise shall survive the termination of
this Agreement. 
 2.9    Reports Under Exchange Act. With a view to making available to the Holders the
benefits of SEC Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form
S-3, the Company shall: 
 (a)    use commercially reasonable efforts to
make and keep available adequate current public information, as those terms are understood and defined in SEC Rule 144, at all times after the effective date of the Registration Statement filed by the Company for the IPO; 

(b)    use commercially reasonable efforts to file with the SEC in a timely manner all reports and other documents
required of the Company under the Securities Act and the Exchange Act (at any time after the Company has become subject to such reporting requirements); and 

(c)    furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request
(i) to the extent accurate, a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after 90 days after the effective date of the Registration Statement filed by the Company for the
IPO), the Securities Act, and the Exchange Act (at any time after the Company has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form
S-3 (at any time after the Company so qualifies); and (ii) such other information as may be reasonably requested in availing any Holder of any rule or regulation of the SEC that permits the selling of any
such securities without registration (at any time after the Company has become subject to the reporting requirements under the Exchange Act) or pursuant to Form S-3 (at any time after the Company so qualifies
to use such form). 

  
 10 

 2.10    Limitations on Subsequent Registration
Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or
prospective holder of any Class A Common Stock that would: (a) allow such holder or prospective holder to include such Class A Common Stock in any registration (other than an Excluded Registration) unless, under the terms of such
agreement, such holder or prospective holder may include such Class A Common Stock in any such registration only to the extent that the inclusion of such securities will not reduce the number of the Registrable Securities of the Holders that
are included; or (b) allow such holder or prospective holder to initiate a demand for registration of any Class A Common Stock (other than an Excluded Registration) held by such holder or prospective holder; provided that this
limitation shall not apply to Registrable Securities acquired by any additional Stockholder that becomes a party to this Agreement in accordance with Subsection 3.8. 

2.11    Termination of Registration Rights. The right of any Holder to request registration or inclusion of
Registrable Securities in any registration pursuant to Subsections 2.1, 2.2 or 2.3 shall terminate upon the earlier to occur of: 

(a)    the dissolution, liquidation or winding up of the Company; and 

(b)    such time after consummation of the IPO as Rule 144 or another similar exemption under the Securities Act is
available to allow the sale of all of such Holder’s shares without limitation during a three-month period without registration; provided, however, that any such termination notwithstanding, if two or more Holders shall at
any time (i) become Related Persons with respect to each other such that their collective beneficial ownership of shares of the Company’s capital stock increases to a level that makes them Affiliates of the Company or (ii) agree to
act in concert for the purpose of selling any shares of the Company’s capital stock and, in each case, their aggregated Registrable Securities (without application of the loss of such status as a result of the first clause of this sentence) may
not be sold under Rule 144 or another similar exemption under the Securities Act without limitation during a three-month period without registration, their rights under this Agreement, including the right to request registration or inclusion of
Registrable Securities, shall resume, and shall terminate only when such aggregated Registrable Securities may be sold under Rule 144 or another similar exemption under the Securities Act without limitation during a three-month period without
registration. 
 3.    Miscellaneous. 

3.1    Successors and Assigns. The rights under this Agreement may be assigned (but only with
all related obligations) by a Holder to a transferee of Registrable Securities that is a Permitted Transferee (as defined in the Company’s certificate of incorporation at the time of the closing of the IPO); provided, however, that
(x) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee and the Registrable Securities with respect to which such rights are being transferred; and
(y) such transferee agrees in a written instrument delivered to the Company to be bound by and subject to the terms and conditions of this Agreement. The terms and conditions of this Agreement inure to the benefit of
and are binding upon the respective successors and permitted assignees of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted
assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein. 

  
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 3.2    Governing Law. This Agreement shall be
governed by the internal law of the State of Delaware, without regard to conflict of law principles that would result in the application of any law other than the law of the State of Delaware. 

3.3    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000,
e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.  

3.4    Titles and Subtitles. The titles and subtitles used in this Agreement are for convenience only and are
not to be considered in construing or interpreting this Agreement. 
 3.5    Notices. 

(a)    All notices and other communications given or made pursuant to this Agreement shall be in writing and shall
be deemed effectively given upon the earlier of actual receipt or: (i) personal delivery to the party to be notified; (ii) when sent, if sent by electronic mail or facsimile during the recipient’s normal business hours, and if not
sent during normal business hours, then on the recipient’s next business day; (iii) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one business day after the
business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery, with written verification of receipt. All communications shall be sent to the
respective parties at their addresses as set forth on Schedule A hereto, or to the principal office of the Company and to the attention of the General Counsel, in the case of the Company, or to such email address, facsimile number, or address
as subsequently modified by written notice given in accordance with this Subsection 3.5(a). 
 (b)    Consent
to Electronic Notice. Each Stockholder consents to the delivery of any stockholder notice pursuant to the Delaware General Corporation Law (the “DGCL”), as amended or superseded from time to time, by electronic
transmission pursuant to Section 232 of the DGCL (or any successor thereto) at the electronic mail address set forth below such Stockholder’s name on the Schedule hereto, as updated from time to time by notice to the Company, or as on the
books of the Company. To the extent that any notice given by means of electronic transmission is returned or undeliverable for any reason, the foregoing consent shall be deemed to have been revoked until a new or corrected electronic mail address
has been provided, and such attempted electronic notice shall be ineffective and deemed to not have been given. Each Stockholder will promptly notify the Company of any change in such Stockholder’s electronic mail address, and that failure to
do so shall not affect the foregoing. 
 3.6    Amendments and Waivers. Any term of this Agreement may be
amended, modified or terminated and the observance of any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the Company and the holders of
a majority of the Registrable Securities then outstanding. Notwithstanding the foregoing, this Agreement may not be amended, modified or terminated and the observance of any term hereof may not be waived with respect to any Stockholder without the
written consent of such Stockholder, unless such amendment, modification, termination, or waiver applies to all Stockholders in the same fashion. Notwithstanding the foregoing, Schedule A hereto may be amended by the Company from time to time
to add transferees of any Registrable Securities in compliance with the terms of this Agreement without the consent of the other parties; and Schedule A hereto may also be amended by the Company after the date of this Agreement without the
consent of the other parties to add information regarding any additional Stockholder who becomes a party to this Agreement in accordance with Subsection 3.8. Any amendment, modification, termination, or waiver effected in accordance with this
Subsection 3.6 shall be binding on all parties hereto, regardless of whether any such party has consented thereto. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to
be or construed as a further or continuing waiver of any such term, condition, or provision. 

  
 12 

 3.7    Severability. In case any one or more of the
provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and such invalid, illegal,
or unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 

3.8    Additional Stockholders. Notwithstanding anything to the contrary contained herein, if the
Company desires to have any holder of Class B Common Stock become a party to this Agreement after the date hereof, such stockholder may become a party to this Agreement by executing and delivering an additional counterpart signature page to
this Agreement, and thereafter shall be deemed a “Stockholder” for all purposes hereunder. No action or consent by the Stockholders shall be required for such joinder to this Agreement by such additional Stockholder, so long as such
additional Stockholder has agreed in writing to be bound by all of the obligations as a “Stockholder” hereunder. 

3.9    Entire Agreement. This Agreement (including its Schedule) constitutes the full and entire
understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled. 

3.10    Dispute Resolution. The parties (a) hereby irrevocably and unconditionally submit to the
jurisdiction of the state courts of California and to the jurisdiction of the United States District Court for the Northern District of California for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement,
(b) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in the state courts of California or the United States District Court for Northern District of California, and
(c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is
exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be
enforced in or by such court. The prevailing party shall be entitled to reasonable attorney’s fees, costs, and necessary disbursements in addition to any other relief to which such party may be entitled. Each of the parties to this Agreement
consents to personal jurisdiction for any equitable action sought in the U.S. District Court for the Northern District of California or any court of the State of California having subject matter jurisdiction. 

3.11    Delays or Omissions. No delay or omission to exercise any right, power, or remedy accruing to any
party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to
any such breach or default, or to any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. All remedies, whether
under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 
 [Remainder of Page
Intentionally Left Blank] 

  
 13 

 The parties have executed this Agreement as of the date first written above. 

 

			
	LEVI STRAUSS & CO.
		
	By:	 	/s/ Harmit Singh
		 	Harmit Singh
		 	 Executive Vice President and Chief
 Financial
Officer

  

	
	STOCKHOLDERS:
	
	   

	(signature)
	
	   

	(type or print name)

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