Document:

EX-10.1

 Exhibit 10.1 

FORM OF AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT 

OF 
 VINE ENERGY
HOLDINGS LLC 
 a Delaware limited liability company 

Dated as of March 17, 2021 
 THE
MEMBERSHIP INTERESTS REFERENCED IN THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES AND THEIR OFFER AND SALE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE. THE MEMBERSHIP INTERESTS WHICH ARE REFERENCED HEREIN MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IF THE OFFER OR SALE HAS BEEN REGISTERED AND/OR
QUALIFIED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION AND/OR QUALIFICATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS IS AVAILABLE. THERE IS CURRENTLY NO TRADING MARKET FOR THE
MEMBERSHIP INTERESTS, AND IT IS NOT ANTICIPATED THAT ONE WILL DEVELOP. THERE ARE SUBSTANTIAL RESTRICTIONS UPON THE TRANSFERABILITY AND VOTING RIGHTS OF THE MEMBERSHIP INTERESTS SET FORTH HEREIN. NO SALE, TRANSFER OR OTHER DISPOSITION BY A MEMBER OF
ITS MEMBERSHIP INTERESTS MAY BE MADE EXCEPT IN ACCORDANCE WITH THE TERMS SET FORTH HEREIN. THEREFORE, MEMBERS MAY NOT BE ABLE TO READILY LIQUIDATE THEIR INVESTMENTS. 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 Article I DEFINITIONS
	  	 	2	 
	 1.1
	 	Specific Definitions	  	 	2	 
	 1.2
	 	Other Terms	  	 	11	 
	 1.3
	 	Construction	  	 	11	 
		
	 Article II ORGANIZATION
	  	 	12	 
	 2.1
	 	Formation	  	 	12	 
	 2.2
	 	Name	  	 	12	 
	 2.3
	 	Principal U.S. Office; Registered Office and Registered Agent; Other Offices	  	 	12	 
	 2.4
	 	Purpose	  	 	12	 
	 2.5
	 	Foreign Qualification	  	 	12	 
	 2.6
	 	Term	  	 	12	 
	 2.7
	 	Business Opportunities	  	 	13	 
		
	 Article III MEMBERSHIP INTERESTS AND TRANSFERS
	  	 	14	 
	 3.1
	 	Classes and Series of Membership Interests; Members	  	 	14	 
	 3.2
	 	Number of Members	  	 	16	 
	 3.3
	 	Representations and Warranties	  	 	16	 
	 3.4
	 	Restrictions on the Transfer of Interests	  	 	17	 
	 3.5
	 	Change in Business Form	  	 	18	 
	 3.6
	 	Exchange of Units	  	 	18	 
		
	 Article IV CAPITAL CONTRIBUTIONS
	  	 	19	 
	 4.1
	 	Capital Contributions; Return of Cash	  	 	19	 
	 4.2
	 	Capital Accounts	  	 	20	 
	 4.3
	 	Contributions of Contributed Property	  	 	22	 
		
	 Article V ALLOCATIONS AND DISTRIBUTIONS
	  	 	22	 
	 5.1
	 	Allocations for Capital Account Purposes	  	 	22	 
	 5.2
	 	Allocations for Tax Purposes	  	 	24	 
	 5.3
	 	Requirement of Distributions	  	 	26	 
	 5.4
	 	Withholding	  	 	27	 
		
	 Article VI MANAGEMENT OF THE COMPANY
	  	 	28	 
	 6.1
	 	Management by Managing Member	  	 	28	 
	 6.2
	 	Powers of the Managing Member	  	 	28	 
	 6.3
	 	Resignation; Removal and Vacancy	  	 	29	 
	 6.4
	 	Officers	  	 	29	 
	 6.5
	 	Term of Officers	  	 	30	 
	 6.6
	 	Compensation and Reimbursement	  	 	30	 
	 6.7
	 	Member Meetings	  	 	30	 
	 6.8
	 	VCOC Management Rights	  	 	31	 

  
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	 Article VII INDEMNIFICATION
	  	 	31	 
	 7.1
	 	Right to Indemnification	  	 	31	 
	 7.2
	 	Indemnification of Officers, Employees (if any) and Agents	  	 	32	 
	 7.3
	 	Indemnification and Expense Advancement With Respect to Actions Commenced by an Indemnitee	  	 	32	 
	 7.4
	 	Advance Payment	  	 	32	 
	 7.5
	 	Appearance as a Witness	  	 	33	 
	 7.6
	 	Nonexclusivity of Rights	  	 	33	 
	 7.7
	 	No Member Liability for Indemnification Obligations	  	 	33	 
	 7.8
	 	Member Notification	  	 	33	 
	 7.9
	 	Savings Clause	  	 	33	 
	 7.10
	 	Scope of Indemnity	  	 	33	 
	 7.11
	 	Other Indemnities	  	 	34	 
	 7.12
	 	Replacement of Fiduciary Duties	  	 	34	 
	 7.13
	 	Liability of Indemnitees	  	 	34	 
	 7.14
	 	Standards of Conduct and Modification of Duties	  	 	35	 
		
	 Article VIII TAXES
	  	 	36	 
	 8.1
	 	Tax Returns	  	 	36	 
	 8.2
	 	Tax Elections	  	 	36	 
	 8.3
	 	Tax Matters Partner	  	 	37	 
		
	 Article IX BOOKS, RECORDS, REPORTS, AND BANK ACCOUNTS
	  	 	37	 
	 9.1
	 	Maintenance of Books	  	 	37	 
	 9.2
	 	Financial Statements and Reports	  	 	37	 
	 9.3
	 	Accounts	  	 	38	 
		
	 Article X DISSOLUTION, LIQUIDATION, AND TERMINATION
	  	 	38	 
	 10.1
	 	Dissolution	  	 	38	 
	 10.2
	 	Liquidation and Termination	  	 	39	 
	 10.3
	 	Provision for Contingent Claims	  	 	40	 
	 10.4
	 	Deficit Capital Accounts	  	 	40	 
	 10.5
	 	Deemed Contribution and Distribution	  	 	40	 
		
	 Article XI AMENDMENT OF THE AGREEMENT
	  	 	40	 
	 11.1
	 	Amendments to be Adopted by the Company	  	 	40	 
	 11.2
	 	Amendment Procedures	  	 	41	 
		
	 Article XII MEMBERSHIP INTERESTS
	  	 	41	 
	 12.1
	 	Certificates	  	 	41	 
	 12.2
	 	Registered Holders	  	 	41	 
	 12.3
	 	Security	  	 	41	 
		
	 Article XIII GENERAL PROVISIONS
	  	 	42	 
	 13.1
	 	Offset	  	 	42	 
	 13.2
	 	Entire Agreement	  	 	42	 
	 13.3
	 	Waivers	  	 	42	 

  
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	 13.4
	 	Binding Effect	  	 	42	 
	 13.5
	 	Governing Law; Severability	  	 	42	 
	 13.6
	 	Further Assurances	  	 	43	 
	 13.7
	 	Exercise of Certain Rights	  	 	43	 
	 13.8
	 	Notice to Members of Provisions of this Agreement	  	 	43	 
	 13.9
	 	Counterparts	  	 	43	 
	 13.10
	 	Books and Records	  	 	43	 
	 13.11
	 	Information	  	 	43	 
	 13.12
	 	Liability to Third Parties	  	 	44	 
	 13.13
	 	No Third Party Beneficiaries	  	 	44	 
	 13.14
	 	Notices	  	 	44	 
	 13.15
	 	Remedies	  	 	45	 
	 13.16
	 	Disputes	  	 	45	 
	 13.17
	 	No Recourse	  	 	47	 

  

			
	Attachments	  	
		
	 Exhibit A
	  	 Ownership Information

	 Schedule 6.4
	  	 List of Initial Officer Appointees

	 Annex A
	  	 Form of VCOC Management Rights Letter

  

  
 iii 

 AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT 

OF 
 VINE ENERGY
HOLDINGS LLC 
 a Delaware limited liability company 

This Amended and Restated Limited Liability Company Agreement of Vine Energy Holdings LLC (the “Company”), dated as of
March 17, 2021 (the “Effective Date”), is (a) adopted by the Members (as defined herein) and (b) executed and agreed to, for good and valuable consideration, by the Members. 

RECITALS 
 WHEREAS, the
Company was formed as a limited liability company pursuant to the Delaware Limited Liability Company Act by filing a Certificate of Formation with the Secretary of State of Delaware on March 1, 2017 (the “Formation
Date”) under the name “Vine Resources Holdings LLC”; 
 WHEREAS, on the Formation Date, Vine Oil & Gas
Holdings LLC entered into the Limited Liability Company Agreement of the Company (the “Initial LLC Agreement”); 

WHEREAS, on February 18, 2021, the Company changed its name from “Vine Resources Holdings LLC” to “Vine Energy Holdings
LLC”; 
 WHEREAS, contemporaneously with the execution of this Agreement, the Company entered into the Master Reorganization Agreement
with the other parties contained therein (the “Master Reorganization Agreement”), pursuant to which the parties therein have agreed to consummate the reorganization of the Company and certain of its Affiliates and to take the
other actions contemplated therein; 
 WHEREAS, in connection with the Master Reorganization Agreement, the Company has agreed to, among
other things and pursuant to the terms of this Agreement, (i) grant Class A Units (as defined herein) to Vine Energy Inc., a Delaware corporation (“VEI”), and certain subsidiaries thereof and (ii) Class B
Units to Vine Investment LLC, a Delaware limited liability company (“Vine Investment”), Brix Investment LLC, a Delaware limited liability company (“Brix Investment”) and Harvest Investment LLC, a
Delaware limited liability company (“Harvest Investment” and together with Vine Investment and Brix Investment, the “Investment Entities”); 

WHEREAS, in connection with the Master Reorganization Agreement, VEI is issuing shares of its Class B common stock, par value $0.01
(“Class B Stock”), to each of the Investment Entities; 
 WHEREAS, each share of
Class B Stock, together with a corresponding Class B Unit, may be exchanged for one share of VEI Class A common stock, par value $0.01 (“Class A Stock”), pursuant to the terms
of that certain Exchange Agreement, dated as of March 17, 2021, by and between the Company, VEI and the Investment Entities (the “Exchange Agreement”); 

  
 1 

 WHEREAS, the Members are entering into this Agreement in order to amend and restate the
Initial LLC Agreement in its entirety; and 
 WHEREAS, for the foregoing purposes the Parties wish to enter into this Agreement to, among
other things, (a) amend and restate the Initial LLC Agreement in its entirety; (b) admit as Members, the Persons specified on Exhibit A, (c) provide for the management of the Company and (d) set forth their respective
rights and obligations. 
 NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and agreements contained herein
and other good and valuable consideration (the receipt and sufficiency of which are hereby confirmed and acknowledged), the Parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 1.1 Specific Definitions. As used in this Agreement, the following terms have the following meanings: 

“Act” means the Delaware Limited Liability Company Act, and any successor statute, as amended from time to time. 

“Additional Call Amount” has the meaning set forth in Section 4.1(b)(i). 

“Adjusted Capital Account” means the Capital Account, with respect to each Member, maintained for such Member as of
the end of each taxable year of the Company, (a) increased by any amounts that such Member is obligated to restore under the standards set by Treasury Regulation section 1.704-1(b)(2)(ii)(c) (or is deemed
obligated to restore under Treasury Regulation sections 1.704-2(g) and 1.704-2(i)(5)), and (b) decreased by (i) the amount of all deductions in respect of
depletion that, as of the end of such taxable year, are expected to be made to such Member’s Capital Account in respect of the oil and gas properties of the Company, (ii) the amount of all losses and deductions that, as of the end of such
taxable year, are reasonably expected to be allocated to such Member in subsequent years under sections 704(e)(2) and 706(d) of the Code and Treasury Regulation section 1.751.1(b)(2)(ii), and (iii) the amount of all distributions that, as of
the end of such taxable year, are reasonably expected to be made to such Member in subsequent years in accordance with the terms of this Agreement or otherwise to the extent they exceed offsetting increases to such Member’s Capital Account that
are reasonably expected to occur during (or prior to) the year in which such distributions are reasonably expected to be made (other than increases as a result of a minimum gain chargeback pursuant to Section 5.1(b)(i) or
Section 5.1(b)(ii)). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Treasury Regulation section 1.704-1(b)(2)(ii)(d) and shall be
interpreted consistently therewith. 
 “Adjusted Property” means any property the Carrying Value of which has been
adjusted pursuant to Section 4.2(d). 

  
 2 

 “Affiliate” means, when used with respect to any Person, any other
Person that, directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such Person in question; provided, that notwithstanding the foregoing, Blackstone and its Affiliates (other
than the Company or any of its Subsidiaries) shall not be considered Affiliates of one another solely by virtue of their ownership or Control of the Company. 

“Agreed Allocation” means any allocation, other than a Required Allocation, of an item of income, gain, loss or
deduction pursuant to the provisions of Section 5.1. 
 “Agreed Value” of any Contributed
Property means the Fair Market Value of such property at the time of contribution as determined by the Managing Member. 

“Agreement” means this Amended and Restated Limited Liability Company Agreement of the Company (including any
schedules, exhibits and annexes hereto), as amended, supplemented or otherwise modified from time to time. 

“Assignee” means any Person that acquires an interest in any Membership Interest but has not been admitted as a Member
in accordance with the terms of this Agreement. 
 “Available Cash” means, as of any date of determination with
respect to a quarterly cash distribution to be made to certain of the Members pursuant to Section 5.3(b), the following, without duplication: 

(a) the cash, cash equivalents and liquid assets of the Company and its Subsidiaries from any and all sources (other than
Capital Contributions and the proceeds of indebtedness for borrowed money) as of the end of the quarter preceding the quarter in which the distribution is to be made, less 

(b) as of the end of the quarter preceding the quarter in which the distribution is to be made, the costs and expenses paid by
the Company and its Subsidiaries and amounts reserved for payment of costs, including capital costs and operating costs and expenses (including costs and administrative expenses and including the payment of any transaction fee or any monitoring fee
payable in respect of such quarter), production taxes and other applicable taxes and similar amounts, debt service, or other reasonable reserves determined in good faith by the Managing Member. 

“Blackstone” means the Blackstone Group L.P., together with any investment funds affiliated with or managed by the
Blackstone Group L.P. 
 “Book-Tax Disparity” means with respect to any item
of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such
date. 
 “Brix Blocker 1” means Blackstone BRIX-WI/892 Feeder Fund VI L.P.,
a Delaware limited partnership. 
 “Brix Blocker 2” means Blackstone
BRIX-WI/892 Feeder Fund BEP II/II.F L.P., a Delaware limited partnership. 

  
 3 

 “Brix Investment” has the meaning set forth in the Recitals. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized or
required by applicable Law to be closed in New York, New York or Dallas, Texas. 
 “Call Election Notice” has the
meaning set forth in Section 3.6(b). 
 “Call Right” has the meaning set forth in
Section 3.6(b). 
 “Capital Account” means the capital account maintained for each Member
pursuant to Section 4.2. 
 “Capital Contribution” means any cash, cash equivalents or the
Agreed Value of Contributed Property that a Member contributes to the Company in respect of Membership Interests. 
 “Carrying
Value” means (a) with respect to Contributed Property, the Agreed Value of such property reduced (but not below zero) by all Depreciation, depletion (including Simulated Depletion), amortization and cost recovery deductions charged
to the Members’ Capital Accounts in respect of such Contributed Property, and (b) with respect to any other Company property, the adjusted basis of such property for federal income tax purposes, all as of the time of determination.
Notwithstanding the foregoing, the Carrying Value of any property shall be adjusted from time to time in accordance with Section 4.2(d) to reflect changes, additions or other adjustments to the Carrying Value for
dispositions and acquisitions of Company properties, as deemed appropriate by the Managing Member. 
 “Cash
Election” has the meaning set forth in Section 3.6(a). 
 “Cash Election
Amount” has the meaning set forth in Section 3.6(a). 
 “Certificate” has the
meaning set forth in Section 2.1. 
 “Class A Member”
means all Members holding a Class A Unit, including upon any Transfer of Class A Units permitted by this Agreement. The term “Class A Member” is intended to include and shall be
deemed to include all such Members holding Class A Units whether or not references to the term “Class A Member” herein are singular or plural, unless otherwise stated herein. 

“Class A Member Tax Amount” has the meaning set forth in
Section 5.3(b). 
 “Class A Stock” has the meaning set
forth in the Recitals. 
 “Class A Unit” means a Membership Interest designated as
a Class A Unit. 
 “Class B Member” means all Members holding a Class B
Unit, including upon any Transfer of any Class B Units permitted by this Agreement. The term “Class B Member” is intended to include and shall be deemed to include all such Members
holding Class B Units whether or not references to the term “Class B Member” herein are singular or plural, unless otherwise stated herein. 

  
 4 

 “Class B Stock” has the meaning set
forth in the Recitals. 
 “Class B Unit” means a Membership Interest designated as
a Class B Unit. 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Company” has the meaning set forth in the preamble. 

“Company Minimum Gain” has the meaning given the term “partnership minimum gain” in Treasury
Regulation section 1.704-2(b)(2) and the amount of which shall be determined in accordance with the principles of Treasury Regulation section 1.704-2(d). 

“Confidential Information” has the meaning set forth in Section 13.11(a). 

“Consent” means the affirmative consent of the indicated party (including the Managing Member) to the action requested
in accordance with the terms hereof and any applicable requirements of the Act. 
 “Consolidated” refers to the
consolidation of any Person, in accordance with GAAP, with its properly consolidated Subsidiaries. References herein to a Person’s Consolidated financial statements, financial position, financial condition, liabilities, etc. refer to the
consolidated financial statements, financial position, financial condition, liabilities, etc. of such Person and its properly consolidated Subsidiaries. 

“Contributed Property” means each property or other asset, in such form as may be permitted by the Act, but excluding
cash, contributed to the Company. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 4.2(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted
Property. 
 “Control” (including its derivatives and similar terms) means possessing, directly or indirectly, the
power to direct or cause the direction of the management and policies of any such relevant Person by ownership of voting interest, by contract or otherwise. 

“Curative Allocation” means any allocation of an item of income, gain, deduction or loss pursuant to the provisions of
Section 5.1(b)(ix). 
 “Debt Securities” means, with respect to VEI, any and all debt
instruments or debt securities that are not convertible or exchangeable into equity securities of VEI. 

“Depreciation” means, for any Fiscal Year or other period, except as provided in Treasury Regulation section 1.704-3(d)(2), an amount equal to the depreciation, amortization, or other cost recovery deduction allowable for federal income tax purposes with respect to an asset for such year or other period, except that, if
the Carrying Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation will be an amount that bears the same ratio to such beginning Carrying Value as the federal
income tax 

  
 5 

 
depreciation, amortization, or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; except that if the federal income tax depreciation,
amortization, or other cost recovery deduction for such year is zero, Depreciation will be determined with reference to such beginning Carrying Value using any method reasonably selected by the Tax Matters Partner. 

“Dissolution Event” has the meaning set forth in Section 10.1. 

“Economic Risk of Loss” has the meaning set forth in Treasury Regulation section
1.752-2(a). 
 “Effective Date” has the meaning set forth in the Preamble.

 “Estimated Tax Payment Date” has the meaning set forth in Section 5.3(b). 

“Estimated Tax Period” has the meaning set forth in Section 5.3(b). 

“Exchange Agreement” has the meaning set forth in the Recitals. 

“Fair Market Value” means the value of any specified interest or property as determined by the Managing Member (acting
reasonably), which shall not in any event be less than zero, that would be obtained in an arm’s-length transaction for cash between an informed and willing buyer and an informed and willing seller,
neither of whom is under any compulsion to purchase or sell, respectively, and without regard to the particular circumstances of the buyer or seller. Notwithstanding the foregoing, if shares of Class A Stock are publicly traded securities at
the time of determination, the Fair Market Value of the Class A Stock shall equal the volume weighted average price of a share of Class A Stock for the ten (10) trading days ending on the trading day prior to the date of
determination. 
 “Fiscal Year” means the fiscal year of the Company, and its taxable year for federal income tax
purposes, each of which shall be the calendar year unless otherwise established by the Managing Member. 
 “Formation
Date” has the meaning set forth in the Recitals. 
 “GAAP” means those generally accepted accounting
principles and practices that are recognized as such by the Financial Accounting Standards Board (or any generally recognized successor) and that, in the case of the Company and its Consolidated Subsidiaries, are applied for all periods after the
date hereof in a consistent manner. If any change in any accounting principle or practice is required by the Financial Accounting Standards Board (or any such successor) in order for such principle or practice to continue as a generally accepted
accounting principle or practice, all reports and financial statements required hereunder with respect to the Company or with respect to the Company and its Consolidated Subsidiaries shall be prepared in accordance with such change. 

“Governmental Authority” means any legislature, court, tribunal, arbitrator, authority, agency, department,
commission, division, board, bureau, branch, official or other instrumentality of the U.S., or any domestic state, county, city, tribal or other political subdivision, governmental department or similar governing entity, and including any
governmental, quasi-governmental, regulatory, administrative or non-governmental body exercising similar powers of authority. 

  
 6 

 “Harvest Blocker 1” means Blackstone
Harvest-R/892 Feeder Fund VI L.P., a Delaware limited partnership. 
 “Harvest
Blocker 2” means Blackstone Harvest-R/892 Feeder Fund BEP II/II.F L.P., a Delaware limited partnership. 

“Harvest Investment” has the meaning set forth in the Recitals. 

“Incentive Plan” means any incentive equity plan or similar equity compensation arrangement adopted by the board of
directors of VEI for employees of VEI and its Subsidiaries (including the Company), including, but not limited to, the Vine Energy Inc. 2021 Long-Term Incentive Plan, as the same may be amended, modified, restated or replaced from time to time. 

“Indemnitee” has the meaning set forth in Section 7.1. 

“Initial LLC Agreement” has the meaning set forth in the Recitals. 

“Investment Entity” has the meaning set forth in the Recitals. 

“Laws” means all federal, state and local statutes, laws (including common law), rules, regulations, codes, orders,
ordinances, licenses, writs, injunctions, judgments, subpoenas, awards and decrees and other legally enforceable requirements enacted, adopted, issued or promulgated by any Governmental Authority. 

“Liabilities” means, as to any Person, all liabilities and obligations of such Person, whether matured or unmatured,
liquidated or unliquidated, primary or secondary, direct or indirect, absolute, fixed or contingent, and whether or not required to be considered pursuant to GAAP. 

“Liquidator” has the meaning set forth in Section 10.2. 

“Managing Member” means VEI or its successor, in its capacity as the managing member of the Company. 

“Master Reorganization Agreement” has the meaning set forth in the Recitals. 

“Member” means any Person executing this Agreement as of the date of this Agreement as a Member or any Person
hereafter admitted to the Company as a new Member as provided in this Agreement, but does not include any Assignee or any Person who has ceased to be a Member in the Company. 

“Member Affiliate” has the meaning set forth in Section 13.17. 

“Member Nonrecourse Debt” has the meaning set forth for “partner nonrecourse liability” in Treasury
Regulation section 1.704-2(b)(4). 

  
 7 

 “Member Nonrecourse Debt Minimum Gain” has the meaning set forth for
the term “partner nonrecourse debt minimum gain” in Treasury Regulation section 1.704-2(i)(2). 

“Member Nonrecourse Deductions” means any and all items of loss, deduction, expenditure (including any expenditure
described in section 705(a)(2)(B) of the Code), Simulated Depletion or Simulated Loss that, in accordance with the principles of Treasury Regulation section 1.704-2(i), are attributable to Member Nonrecourse
Debt. 
 “Membership Interest” means the limited liability company interest of a Member in the Company. 

“Moody’s” means Moody’s Investors Service, Inc., or its successor. 

“Nonrecourse Built-in Gain” means with respect to any Contributed Properties
or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Members if such properties were disposed of in a taxable transaction in full satisfaction
of such liabilities and for no other consideration. 
 “Nonrecourse Deductions” means any and all items of loss,
deduction, expenditure (described in section 705(a)(2)(b) of the Code), Simulated Depletion or Simulated Loss that, in accordance with the principles of Treasury Regulation section 1.704-2(b)(1), are
attributable to a Nonrecourse Liability. 
 “Nonrecourse Liability” has the meaning assigned to such term in
Treasury Regulation section 1.704-2(b)(3). 
 “Officers” has the meaning set
forth in Section 6.4(a). 
 “Other Business” has the meaning set forth in
Section 2.7(b). 
 “Other Indemnification Agreement” means one or more certificate or
articles of incorporation, by-laws, limited partnership agreement, limited liability company operating agreement, limited partnership agreement and any other organizational document, and insurance policies
maintained by any Member or Affiliate thereof providing for, among other things, indemnification of and advancement of expenses for any Indemnitee for, among other things, the same matters that are subject to indemnification and advancement of
expenses under this Agreement. 
 “Parties” means the Members and the Company. 

“Partnership Representative” means the “partnership representative” as defined in section 6223 of the Code.

 “Partnership Tax Audit Rules” means sections 6221 through 6241 of the Code, together with any guidance issued
thereunder or successor provisions and any similar provision of state and local tax laws. 

  
 8 

 “Percentage Interest” means, as of any date with respect to any
Member, a percentage equal to (A) the aggregate number of Membership Interests owned by such Member as of such date divided by (B) the aggregate number of all Membership Interests issued and outstanding as of such date. As of the
Effective Date and as further set forth on Exhibit A, the Percentage Interest of: (i) Vine Investment is 24.1%, (ii) Brix Investment is 23.1%, (iii) Harvest Investment is 0.3% and (iv) the Class A Members is 52.5%. 

“Permitted Transferees” means (i) Blackstone and its Affiliates, (ii) an investment vehicle wholly-owned and
controlled by the transferor and/or family members (in accordance with the following clause (iii)) or (iii) family members (within the meaning of Rule 701 of the Securities Act) through gifts or domestic relations orders, as permitted by
Rule 701 of the Securities Act; provided, that with respect to the foregoing clauses such Transferee is an “accredited investor”, as that term is defined in Rule 501(a) of Regulation D, promulgated under the Securities Act, and the
transferor remains liable for all obligations under this Agreement related to the Transferred Membership Interest; provided, further, that in the case of any Transfer pursuant to clauses (ii) or (iii) the
transferor retains voting control and rights of notice with respect to such Transferred Membership Interests, as applicable. Notwithstanding anything set forth in this Agreement (including Section 3.3) to the contrary, if
any Person acquires Membership Interests pursuant to clauses (ii) or (iii) above by virtue of (x) such Person’s qualification as a family member of the transferor or (y) such Person’s qualification as an
investment vehicle wholly-owned and controlled by the transferor, and such Person shall, at any time, cease to be a family member of the transferor or an investment vehicle wholly-owned and controlled by the transferor, as applicable, then such
Person shall be required to transfer such Person’s Membership Interests, as applicable, back to the original transferor. 

“Person” means any individual or entity, including any corporation, limited liability company, partnership (whether,
general, limited or otherwise), joint venture, association, joint stock company, trust, unincorporated organization or Governmental Authority. 

“Proceeding” has the meaning set forth in Section 7.1. 

“Redeeming Member” has the meaning set forth in Section 3.6(a). 

“Redemption” has the meaning set forth in Section 3.6(a). 

“Redemption Date” means (a) the later of (i) the date that is five Business Days after the Redemption Notice
Date and (ii) if the Company or VEI has made a valid Cash Election with respect to the relevant Redemption, the first Business Day on which the Company or VEI has available funds to pay the Cash Election Amount, which in no event shall be more
than ten Business Days after the Redemption Notice Date, or (b) such later date specified in the Redemption Notice. 

“Redemption Notice” has the meaning set forth in Section 3.6(a). 

“Redemption Notice Date” has the meaning set forth in Section 3.6(a). 

  
 9 

 “Required Allocations” means any allocation of an item of income,
gain, loss or deduction pursuant to Section 5.1(b)(i), Section 5.1(b)(ii), Section 5.1(b)(iii), Section 5.1(b)(iv),
Section 5.1(b)(v), Section 5.1(b)(vi) or Section 5.1(b)(vii). 

“S & P” means Standard & Poor’s Ratings Services (a division of The
McGraw Hill Companies), or its successor. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Security Interest” means any security interest, lien, mortgage, deed of trust, encumbrance, hypothecation, pledge,
purchase option or other similar adverse claim or obligation, whether created by operation of Law or otherwise, created by any Person in any of its property or rights. 

“Simulated Basis” means, with respect to each oil and gas property, the Carrying Value of such property. For purposes
of such computation, the Simulated Basis of each oil and gas property shall be allocated to each Member in accordance with such Member’s relative Percentage Interest as of the time such oil and gas property is acquired by the Company, and shall
be reallocated among the Members in accordance with the Members’ relative Percentage Interest as determined immediately following the occurrence of an event giving rise to any adjustment to the Carrying Values of the Company’s oil and gas
properties pursuant to the terms of this Agreement. 
 “Simulated Depletion” means a depletion allowance computed
for each oil and gas property as determined in accordance with Section 5.2(b)(i) of this Agreement provided that such Simulated Depletion shall not exceed such oil and gas property’s Simulated Basis prior to the
adjustment that is caused by such depletion allowance. 
 “Simulated Gain or Loss” means the simulated gain or loss
computed with respect to a sale or other disposition of an oil and gas property pursuant to Treasury Regulation section 1.704-1(b)(2)(iv)(k)(2) as more specifically set forth in
Section 5.2(b)(ii) of this Agreement. 
 “Subsidiary” means, with respect to any relevant
Person as of the date the determination is being made, any other Person that (a) is Controlled (directly or indirectly) by such Person and (b) the equity entitled to vote to elect the board of directors, board of managers or other
governing authority of which is more than fifty percent (50%) owned (directly or indirectly) by the relevant Person. 
 “Tax
Advances” has the meaning set forth in Section 5.4. 
 “Tax Amount” has the
meaning set forth in Section 5.3(b). 
 “Tax Matters Partner” has the meaning set forth in
Section 8.3. 
 “Tax Receivable Agreement” means that certain Tax Receivable Agreement
dated as of March 17, 2021 by and among VEI and the other parties thereto. 
 “Third Party” means any Person
other than a Member, its Affiliates and the Company. 

  
 10 

 “Transfer”, “Transferred” or
“Transferring” means, with respect to a Membership Interest, (a) a direct voluntary or involuntary, sale, assignment, transfer, conveyance, exchange, bequest, devise, gift or any other alienation, including any pledge or
grant of a Security Interest, (in each case, with or without consideration and whether by operation of Law or otherwise, including, by merger or consolidation) of any rights, interests or obligations with respect to all or any portion of such
Membership Interest, or (b) a grant or sufferance of a Security Interest on all or any portion of such Membership Interest. 

“Transferee” means a Person who receives all or part of a Member’s Membership Interest through a Transfer. 

“Treasury Regulation” means the Income Tax Regulations promulgated under the Code, as may be amended from time to time
(including corresponding provisions of successor regulations). 
 “Unpaid Indemnity Amounts” means any amount that
the Company fails to indemnify or advance to an Indemnitee as required by Article VII of this Agreement. 
 “Unrealized
Gain” attributable to any item of Company property means, as of any date of determination, the excess, if any, of (a) the Fair Market Value of such property as of such date (as determined under
Section 4.2(d)) over (b) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 4.2(d) as of such date). 

“Unrealized Loss” attributable to any item of Company property means, as of any date of determination, the excess, if
any, of (a) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 4.2(d) as of such date) over (b) the Fair Market Value of such property as of such date (as
determined under Section 4.2(d)). 
 “VEI” has the meaning set forth in the Recitals. 

“Vine Blocker” means Blackstone Vine-892/US
T-E Feeder Fund VI/BEP L.P., a Delaware limited partnership. 
 “Vine
Investment” has the meaning set forth in the Recitals. 
 1.2 Other Terms. Other capitalized terms may be
defined elsewhere in the text of this Agreement and shall have the meaning so given. 
 1.3 Construction. Unless the
context otherwise requires, the gender of all words used in this Agreement includes the masculine, feminine, and neuter, the singular shall include the plural, and the plural shall include the singular. All references to Articles and Sections refer
to articles and sections of this Agreement, and all references to Exhibits are to exhibits attached hereto, each of which is incorporated herein for all purposes. Article and section titles or headings are for convenience only and neither limit nor
amplify the provisions of the Agreement itself, and all references herein to articles, sections or subdivisions thereof shall refer to the corresponding article, section or subdivision thereof of this Agreement unless specific reference is made to
such articles, sections or subdivisions of another document or instrument. Unless the context of this Agreement clearly requires otherwise, the words “include,” “includes” and “including” shall be deemed to be followed
by the words “without limitation,” and the words “hereof,” “herein,” “hereunder” and similar terms in this Agreement shall refer to this Agreement as a whole and not any particular section or Article in which
such words appear. 

  
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 ARTICLE II 

ORGANIZATION 
 2.1
Formation. The Company was organized as a Delaware limited liability company by the filing of a Certificate of Formation (as may be amended, supplemented or otherwise modified from time to time, the
“Certificate”) with the Secretary of State of the State of Delaware pursuant to the Act on the Formation Date. This Agreement is adopted and agreed to by the Members to set forth their agreement with respect to the
Company’s business and the rights, duties and obligations of the Members. 
 2.2 Name. The name of the Company is
“Vine Energy Holdings LLC” and all Company business shall be conducted in that name or such other names that comply with Law as the Managing Member may select from time to time. 

2.3 Principal U.S. Office; Registered Office and Registered Agent; Other Offices. The registered office of the Company
required by the Act to be maintained in the State of Delaware shall be the registered office named in the Certificate or such other office (which need not be a place of business of the Company) as the Managing Member may designate from time to time
in the manner provided by Law. The registered agent of the Company in the State of Delaware shall be the registered agent named in the Certificate or such other Person as the Managing Member may designate from time to time in the manner provided by
Law. The principal office of the Company shall be at such place as the Managing Member may designate from time to time (which may be within or outside of the State of Delaware), and the Managing Member may designate additional offices, places of
business and/or agents from time to time as deemed advisable. 
 2.4 Purpose. The Company was formed for the object and
purpose of, and the nature and character of the business to be conducted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act. 

2.5 Foreign Qualification. Prior to the Company’s conducting business in any jurisdiction other than Delaware, the
Managing Member shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Company, with all requirements necessary to qualify the Company as a foreign limited liability
company, and, if necessary, to make such filings and take such actions as may be required to keep the Company in good standing in that jurisdiction. Each Member agrees to execute, acknowledge and deliver such certificates and other instruments, if
any, that are necessary or appropriate to qualify, continue or terminate the Company as a foreign limited liability company in all such jurisdictions in which the Company may conduct business. 

2.6 Term. Subject to earlier termination pursuant to other provisions of this Agreement (including those contained in
Article X), the term of the Company shall be perpetual. 

  
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 2.7 Business Opportunities. 

(a) Notwithstanding anything to the contrary set forth in this Agreement, but subject to Section 2.7(d), Blackstone
and its Affiliates may, during the term of the Company, engage in and possess an interest for their respective accounts in other business ventures of every nature and description, independently or with others, and neither the Company, any of its
Subsidiaries nor any other Member shall have any right in or to said independent ventures or any income or profits derived from said independent ventures and, unless Blackstone or its Affiliates expressly agree otherwise in this Agreement or another
written agreement, no such Person or any director, officer, manager or employee of such Person who may serve as an officer, manager, director and/or employee of the Company or its Subsidiaries shall be liable to the Company or any of its
Subsidiaries by virtue of being a Member or an Affiliate of a Member by reason of activity undertaken by such Person or by any other Person in which such Person may have an investment or other financial interest which is in competition with the
Company or its Subsidiaries. 
 (b) Subject to the provisions of this Section 2.7, Blackstone and its Affiliates
(including one or more associated investment funds or portfolio companies) shall have the right: (i) to directly or indirectly engage in any business permitted by applicable Law (including, without limitation, financial or investment advisory
services, investment management or any business activities or lines of business that are the same as or similar to those pursued by, or competitive with, the Company and its Subsidiaries) (an “Other Business”) and receive
compensation or derive profits therefrom; (ii) to directly or indirectly do business with any client or customer of the Company or any of its Subsidiaries; (iii) to develop a strategic relationship with an Other Business; and (iv) not
to present potential transactions, matters or business opportunities relating to an Other Business to the Company or its Subsidiaries, and to pursue, directly or indirectly, any such opportunity for themselves (and their agents, partners or
Affiliates), and to direct any such opportunity to another Person. The other Members will not acquire or be entitled to any interest or participation in any Other Business (except as expressly provided in any agreement with the Company or its
Subsidiaries) as a result of the participation therein of Blackstone or any of its Affiliates. The involvement of Blackstone or any of its Affiliates in any Other Business (except as expressly provided in any agreement with the Company or its
Subsidiaries) will not constitute a conflict of interest by such Persons with respect to the Company or the Members or any of their respective Affiliates. 

(c) None of Blackstone or its Affiliates shall have any duty (contractual or otherwise) to communicate or present any corporate opportunities
to the Company or any of its Subsidiaries or any of their respective Affiliates or equityholders or to refrain from any actions specified in Section 2.7(b), and the Company, on its own behalf and on behalf of its Affiliates
and equityholders, hereby irrevocably waives any right to require Blackstone or any of its Affiliates to act in a manner inconsistent with the provisions of this paragraph. None of Blackstone or its Affiliates shall be liable to the Company or any
of its Affiliates or equityholders for breach of any duty (contractual or otherwise) by reason of any activities or omissions of the types referred to in this Section 2.7, or of any such Person’s participation therein.

 (d) For the avoidance of doubt, nothing in this Section 2.7 is meant to limit the confidentiality undertakings
of the Members described in Section 13.11(a). 

  
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 ARTICLE III 

MEMBERSHIP INTERESTS AND TRANSFERS 

3.1 Classes and Series of Membership Interests; Members. 

(a) Classes. Each Member’s relative rights, privileges, preferences, restrictions and obligations with respect to the Company are
represented by such Member’s Membership Interests. The Company is hereby authorized to issue two (2) classes of Membership Interests, the Class A Units and Class B Units, each with such rights, privileges, preferences,
restrictions and obligations as provided in this Agreement and, to the extent applicable, the Act. A total of 350,000,000 Class A Units are hereby authorized for issuance, and 150,000,000 Class B Units are hereby authorized for issuance.
Membership Interests may be issued in whole or fractional interests. A Member may own one or more classes of Membership Interests, and the ownership of one class of Membership Interests shall not affect the rights, privileges, preferences or
obligations of a Member with respect to the other class of Membership Interests owned by such Member. Any reference herein to a holder of a class of Membership Interests shall be deemed to refer to such holder only to the extent of such
holder’s ownership of such class or series of Membership Interests. 
 (b) Members. At the Effective Date, and upon the execution
and delivery by the Members of this Agreement and the consummation of the transaction contemplated by the Master Reorganization Agreement, the Company issued: 

(i) 21,642,857 Class A Units to VEI pursuant to the transactions contemplated in the Master Reorganization Agreement, and
VEI was admitted to the Company as a Class A Member; 
 (ii) 3,885,395 Class A Units to Brix Blocker 1 pursuant to
the transactions contemplated in the Master Reorganization Agreement, and Brix Blocker 1 was admitted to the Company as a Class A Member; 

(iii) 2,636,165 Class A Units to Brix Blocker 2 pursuant to the transactions contemplated in the Master Reorganization
Agreement, and Brix Blocker 2 was admitted to the Company as a Class A Member; 
 (iv) 82,161 Class A Units to
Harvest Blocker 1 pursuant to the transactions contemplated in the Master Reorganization Agreement, and Harvest Blocker 1 was admitted to the Company as a Class A Member; 

(v) 55,747 Class A Units to Harvest Blocker 2 pursuant to the transactions contemplated in the Master Reorganization
Agreement, and Harvest Blocker 2 was admitted to the Company as a Class A Member; 
 (vi) 9,504,061 Class A Units
to Vine Blocker pursuant to the transactions contemplated in the Master Reorganization Agreement, and Vine Blocker was admitted to the Company as a Class A Member; 

  
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 (vii) 17,387,013 Class B Units to Vine Investment pursuant to the
transactions contemplated in the Master Reorganization Agreement, and Vine Investment was admitted to the Company as a Class B Member; 

(viii) 16,639,516 Class B Units to Brix Investment pursuant to the transactions contemplated in the Master Reorganization
Agreement, and Brix Investment was admitted to the Company as a Class B Member; and 
 (ix) 201,341 Class B Units
to Harvest Investment pursuant to the transactions contemplated in the Master Reorganization Agreement, and Harvest Investment was admitted to the Company as a Class B Member. 

(c) Additional Persons may be admitted to the Company as new Members only as provided in this Agreement. 

(d) Amendments to Exhibit A. The Membership Interests and respective Percentage Interests held by each Member are set forth on
Exhibit A hereto. Exhibit A shall be amended from time to time to reflect changes and adjustments resulting from (i) the admission of any new Member, (ii) any Transfer of Membership Interests in accordance with this Agreement
and/or (iii) any Capital Contributions made, changes to Percentage Interests or additional Membership Interests issued, in each case as permitted by this Agreement (provided, that a failure to reflect such change or adjustment on
Exhibit A shall not prevent any otherwise valid change or adjustment from being effective). Any reference in this Agreement to Exhibit A shall be deemed a reference to the Exhibit A as amended in accordance with this
Section 3.1(d) and in effect from time to time. 
 (e) Splits, Distributions and Reclassifications.
The Company shall not in any manner subdivide (by any split, distribution, reclassification, recapitalization or otherwise) or combine (by reverse split, reclassification, recapitalization or otherwise) the outstanding Class A Units or
Class B Units unless an identical event is occurring with respect to the Class A Stock or Class B Stock, respectively, in which event the Class A Units or Class B Units, as applicable, shall be subdivided or combined
concurrently with and in the same manner as the Class A Stock or Class B Stock. 
 (f) Cancellation of
Class A Stock and Class A Units. At any time a share of Class A Stock is redeemed, repurchased, acquired, cancelled or terminated by a Class A Member, the Company shall redeem, repurchase, acquire,
cancel or terminate, as applicable, one (1) Class A Unit (or other economically equivalent equity interest) registered in the name of such Class A Member upon the same terms and for the same price as the Class A Stock so that the
aggregate number of Class A Units held by such Class A Member at all times equals the number of shares of Class A Stock issued outstanding. 

(g) Offerings of Class A Stock. At any time VEI issues a share of Class A Stock or other equity security other
than pursuant to an Incentive Plan, the net proceeds received by VEI with respect to such share of Class A Stock or equity security, if any, shall be concurrently contributed to the Company and the Company shall issue to VEI one
(1) Class A Unit (or in the event of an issuance of other equity securities, the corresponding equivalent number of Class A 

  
 15 

 
Units) registered in the name of VEI; provided, however, that if VEI issues any shares of Class A Stock in order to purchase or fund the purchase from a Member of a number of Class B
Units (and the corresponding number of shares of Class B Stock) equal to the number of shares of Class A Stock so issued, then such purchased Class B Units shall automatically convert into Class A Units and the Company shall not
issue any new Class A Units in connection therewith. 
 (h) Incentive Plan Awards. At any time VEI issues one or more shares of
Class A Stock pursuant to an Incentive Plan, whether such share or shares are issued upon exercise of an option, settlement of a restricted stock unit, as restricted stock or otherwise, the Company shall issue to VEI a corresponding number of
Class A Units; provided, that VEI shall be required to concurrently contribute the net proceeds (if any) received by VEI from or otherwise in connection with such corresponding issuance of one or more shares of Class A Stock,
including the exercise price of any option exercised, to the Company. If any such shares of Class A Stock so issued by VEI in connection with an Incentive Plan are subject to vesting or forfeiture provisions, then the Class A Units that
are issued by the Company to VEI in connection therewith in accordance with the preceding provisions of this Section 3.1(h) shall be subject to vesting or forfeiture on the same basis (and, if any of such shares of
Class A Stock vest or are forfeited, then a corresponding number of the Class A Units issued by the Company in accordance with the preceding provisions of this Section 3.1(h) shall automatically vest or be
forfeited). Any cash or property held by either VEI or the Company or on either’s behalf in respect of dividends paid on restricted Class A Stock that fails to vest shall be returned to the Company upon the forfeiture of such restricted
Class A Stock. 
 (i) Issuances of Debt Securities. If at any time VEI or any of its Subsidiaries (other than the Company and its
Subsidiaries) issues Debt Securities, VEI or such Subsidiary shall transfer to the Company (in a manner to be determined by the Managing Member in its reasonable discretion) the proceeds received by VEI or such Subsidiary in exchange for such Debt
Securities in a manner that directly or indirectly burdens the Company with the repayment of the Debt Securities. 
 3.2 Number
of Members. The number of Members of the Company shall never be fewer than one (1). 
 3.3 Representations and
Warranties. Each Member hereby represents, warrants and acknowledges to the Company that: (a) such Member has such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of an
investment in the Company and is making an informed investment decision with respect thereto; (b) such Member is acquiring interests in the Company for investment only and not with a view to, or for resale in connection with, any distribution
to the public or public offering thereof; and (c) the execution, delivery and performance of this Agreement have been duly authorized by such Member. 

  
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 3.4 Restrictions on the Transfer of Interests. 

(a) Permitted Transfers. Except for Transfers to Permitted Transferees or Transfers made in accordance with
Section 3.1(f) or Section 3.6, no Member shall Transfer all or any portion of such Member’s Membership Interests, without the prior written Consent of the Managing Member, which consent may be
given or withheld in the sole discretion of the Managing Member. Any purported Transfer in breach of the terms of this Agreement shall be null and void ab initio, and the Company shall not recognize any such prohibited Transfer on its books
and records. Any Member who Transfers or attempts to Transfer any Membership Interests except in compliance herewith shall be liable to, and shall indemnify and hold harmless, the Company and the other Members for all costs, expenses, damages and
other liabilities resulting therefrom. In connection with the Transfer of any Membership Interests, the holder of such Membership Interests shall deliver prior written notice to the Company describing in reasonable detail the proposed Transfer at
least one (1) Business Day prior thereto. For the avoidance of doubt, all Transfers to Permitted Transferees shall also comply with Sections 3.4(b) to 3.4(e). 

(b) Securities Laws. Notwithstanding anything in this Agreement to the contrary, no Membership Interest shall be
Transferred except pursuant to an effective registration statement under the Securities Act or an applicable exemption from registration and/or qualification under the Securities Act and any other applicable securities Laws. 

(c) Effect of Permitted Transfer. Any Transfer of a Membership Interest that complies with
Section 3.4(a) and Section 3.4(b) shall be effective to assign the right to become a Member, and, without the need for any action or Consent of any other Person, a Transferee of such Membership
Interest shall automatically be admitted as a Member upon such Transferee’s delivery to the Managing Member of an executed customary joinder agreement prepared by the Company. As a condition to the Company’s obligation to effect a Transfer
permitted hereunder, any Transferee of Membership Interests shall be required to (i) become a party to this Agreement as a Member and shall have the rights and obligations of a Member hereunder, (ii) expressly assume all liabilities and
obligations of the Transferring Member (or its applicable Affiliates) to the Company or the other Members and (iii) if the Transferee is to be admitted to the Company as a new Member, acknowledge the representations and warranties in
Section 3.3 are true and correct with respect to such Transferee as of the date such Person is to become a Member. Each Transfer is effective against the Company as of the first Business Day following delivery of the
joinder agreement to the Company. 
 (d) Expenses. Except as provided in Section 3.4(a), the
Company shall bear any ordinary course expenses it may incur in connection with effecting any Transfer of any Membership Interests. Any transfer or similar taxes arising as a result of the Transfer of a Member’s Membership Interest shall be
paid by the Transferring Member. 
 (e) Distributions. Any distribution or payment made by the Company to the
Transferring Member prior to such time as the Transferee was admitted as a Member pursuant to the provisions of this Agreement with respect to the Transfer of such Transferring Member’s Membership Interests shall constitute a release of the
Company, the Managing Member, and the Members, of all liability to such Assignee or new Member who may be interested in such distribution or payment by reason of such Transfer. 

  
 17 

 3.5 Change in Business Form. 

(a) If the Managing Member approves the reorganization of the Company or any of its Subsidiaries into another business form, each Member hereby
consents to such reorganization or election and shall vote for (to the extent such Member has voting rights), raise no objections against such reorganization, and each Member shall take such actions as are reasonably requested by the Managing Member
in connection with the consummation of such reorganization of the Company or any of its Subsidiaries as determined by the Managing Member. The method of effecting such reorganization shall be determined by the Managing Member. 

(b) In connection with any such reorganization, (i) the organizational documents of the reorganized entity shall provide that the rights
and obligations of the Members hereunder shall continue to apply substantially in accordance with the terms hereof, except to the extent the parties hereto otherwise agree in writing and (ii) each Membership Interest shall (effective upon and
subject to the consummation of such reorganization) convert into equity securities of the reorganized entity and shall be allocated among the Members such that each Member shall receive equity securities in the or reorganization entity with
substantially similar economic rights as such Member’s former Membership Interests. 
 3.6 Exchange of Units. 

(a) Investment Entity Exchange Rights. Subject to the terms and conditions of this Agreement and the Exchange Agreement, each Investment
Entity and its respective successors and assigns (the “Redeeming Member”) shall be entitled to exchange with the Company, at any time and from time to time upon delivery of a written notice (the “Redemption
Notice”) to the Company, with a copy to VEI (the date of delivery of such Redemption Notice, the “Redemption Notice Date”), any or all of such Investment Entity’s or its successors’ and assigns’
Class B Units (together with the same number of shares of Class B Stock) for an equivalent number of shares of Class A Stock or, at VEI’s option, subject and pursuant to the terms and conditions of the Exchange Agreement, cash (a
“Cash Election” and, such amount, the “Cash Election Amount”) as set forth in the Exchange Agreement (each such transaction, a “Redemption”). Any such Redemption shall be
treated for federal income tax purposes as a sale of the Redeeming Member’s Class B Units (together with the same number of shares of Class B Stock) to VEI in exchange for shares of Class A Stock or cash, as applicable. 

(b) VEI Call Rights. Notwithstanding anything to the contrary in this Section 3.6, a Redeeming Member shall be
deemed to have offered to sell its Class B Units as described in the Redemption Notice to VEI, and VEI may, in its sole discretion, by delivery of a notice in accordance with, and subject to the terms of, this
Section 3.6(b) (a “Call Election Notice”), elect to purchase directly and acquire such Class B Units (together with the same number of shares of Class B Stock) on the Redemption Date by
transferring to the Redeeming Member the number of shares of Class A Stock the Redeeming Member (or its designee) would otherwise receive pursuant to Section 3.6(a) and the Exchange Agreement or, at VEI’s
election, an amount of cash equal to the Cash Election Amount of such shares of Class A Stock (the “Call Right”), whereupon VEI shall acquire the Class B Units offered for redemption by the Redeeming Member
(together with the same number of shares of Class B Stock). VEI shall be treated for all purposes of this Agreement as the owner of such Class B Units; provided, that if VEI funds the Cash Election

  
 18 

 
Amount through the issuance of equity securities of VEI other than shares of Class A Stock, such Class B Units will be reclassified into another equity security of the Company if the
Managing Member determines such reclassification is necessary. VEI may, at any time prior to the Redemption Date, in its sole discretion, deliver a Call Election Notice to the Company and the Redeeming Member setting forth its election to exercise
its Call Right. A Call Election Notice may be revoked by VEI at any time; provided, that any such revocation does not prejudice the ability of the parties to consummate a Redemption on the Redemption Date. Except as otherwise provided by this
Section 3.6(b), an exercise of the Call Right shall be consummated pursuant to the same timeframe and in the same manner as the relevant Redemption would have been consummated if VEI had not delivered a Call Election
Notice. In the event VEI elects to exercise its Call Right with respect to an Investment Entity, then VEI must also simultaneously exercise the Call Right with respect to each Investment Entity that is participating in concurrently occurring
Exchanges. 
 ARTICLE IV 

CAPITAL CONTRIBUTIONS 

4.1 Capital Contributions; Return of Cash. 

(a) General. Following the Effective Date, no Member shall be required to make any Capital Contributions to the Company, except as
otherwise agreed to in writing by such Member, and any Capital Contributions following the Effective Date shall be made as detailed in, and subject to the provisions of Section 4.1(b). 

(b) Capital Calls. 

(i) To the extent approved by the Managing Member, from time to time, additional Capital Contributions may be called for from
the Members if the Managing Member determines that such additional Capital Contributions are necessary for the conduct of the Company’s business (any such additional Capital Contributions called for from the Members by the Managing Member,
being hereinafter referred to as an “Additional Call Amount”). In that event, the Members shall have the opportunity, but not the obligation, to participate in such additional Capital Contributions in accordance with their
Percentage Interest. To the extent that some Members elect not to make an additional Capital Contribution, those Members that do elect to make an additional Capital Contribution shall have the opportunity, but not the obligation, to increase their
additional Capital Contributions pro rata in accordance with their respective Percentage Interests such that the total of the additional Capital Contribution equals the Additional Call Amount. 

(ii) Upon the funding of any Capital Contribution by a Member pursuant to clause (i) above, such Member shall be
issued a number of additional Class A or Class B Units, as applicable, equal to the amount of the Capital Contribution made by such Member in respect of such Capital Contribution divided by the Fair Market Value of such Class A
Units and Class B Units. Exhibit A and the books and records of the Company shall be thereafter amended accordingly. 

  
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 4.2 Capital Accounts. The Company shall maintain for each Member a
separate Capital Account in accordance with the rules of Treasury Regulation section 1.704-1(b)(2)(iv) and in accordance with the following provisions: 

(a) Each Member’s Capital Account shall be increased by (i) the amount of all Capital Contributions made to the Company by such
Member pursuant to this Agreement (net of any liabilities assumed by the Company in connection with such Capital Contributions and any liabilities to which any property comprising such Capital Contributions is subject), and (ii) all items of
Company income and gain (including Simulated Gain and income and gain exempt from tax) computed in accordance with Section 4.2(b) and allocated with respect to such Member pursuant to Section 5.1,
and decreased by (x) the amount of cash or Agreed Value of property actually or deemed distributed to such Member pursuant to this Agreement (net of liabilities assumed by such Member and the liabilities to which such property is subject), and
(y) all items of Company deduction and loss (including Simulated Loss and Simulated Depletion) computed in accordance with Section 4.2(b) and allocated to such Member pursuant to Section 5.1.

 (b) For purposes of computing the amount of any item of income, gain, loss or deduction which is to be allocated pursuant to Article
V and is to be reflected in the Members’ Capital Accounts, the determination, recognition and classification of any such item shall be the same as its determination, recognition and classification for federal income tax purposes,
provided, that: 
 (i) All fees and other expenses incurred by the Company to promote the sale of (or to sell) a
Membership Interest that can neither be deducted nor amortized under section 709 of the Code, if any, shall, for purposes of Capital Account maintenance, be treated as an item of deduction at the time such fees and other expenses are incurred and
shall be allocated among the Members pursuant to Section 5.1. 
 (ii) Except as otherwise provided
in Treasury Regulation section 1.704-1(b)(2)(iv)(m), the computation of all items of income, gain, loss, deduction, Simulated Depletion, Simulated Gain and Simulated Loss shall be made without regard to any
election under section 754 of the Code which may be made by the Company and, as to those items described in section 705(a)(1)(B) or 705(a)(2)(B) of the Code, without regard to the fact that such items are not includable in gross income or are
neither currently deductible nor capitalized for federal income tax purposes. To the extent an adjustment to the adjusted tax basis of any Company asset pursuant to section 734(b) or 743(b) of the Code is required, pursuant to Treasury Regulation
section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of such adjustment in the Capital Accounts shall be treated as an item of gain or loss. 

(iii) In lieu of the depreciation, amortization and other cost recovery deductions taken into account in computing such items,
there shall be taken into account Depreciation, computed in accordance with the definition of “Depreciation.” 

  
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 (iv) For purposes of determining income, gain, loss, and deduction, or any
other item allocable to any period, such items will be determined on a daily, monthly or other basis, as reasonably determined by the Managing Member using any permissible method under Code section 706 and the related Treasury Regulations. 

(v) If the Carrying Value of any asset differs from its adjusted tax basis for U.S. federal income tax purposes, any gain or
loss resulting from a disposition of such asset shall be calculated with reference to such Carrying Value. 
 (vi) In the
event an adjustment to the Carrying Value of the assets of the Company occurs pursuant to Section 4.2(d), any Unrealized Gain or Unrealized loss shall be treated as having been actually realized. 

(c) A Transferee shall succeed to the pro rata portion of the Capital Account of the transferor relating to the Membership Interest so
Transferred. Except as otherwise provided herein, all items of income, gain, expense, loss, deduction, and credit allocable to any Membership Interest that may have been Transferred during any calendar year shall, if permitted by law, be allocated
between the transferor and the transferee based on the portion of the calendar year during which each was recognized as owning that Membership Interest, based upon the interim closing of the books method or such other method as agreed between the
transferor, the transferee and the Company; provided however, that this allocation must be made in accordance with a method permissible under section 706 of the Code and the Treasury Regulations thereunder. 

(d) In accordance with Treasury Regulation section 1.704-1(b)(2)(iv)(f), (i) on an issuance of
additional Membership Interests for cash or Contributed Property, (ii) immediately prior to any actual or deemed distribution to a Member of any Company property (other than a distribution of cash that is not in redemption or retirement of a
Membership Interest) or (iii) upon the occurrence of any other event provided in such Treasury Regulation, the Capital Accounts of all Members and the Carrying Value of each Company property immediately prior to such issuance or adjustment
shall be adjusted upward or downward to reflect any Unrealized Gain or Unrealized Loss attributable to such Company property, as if such Unrealized Gain or Unrealized Loss had been recognized on an actual sale of each such property immediately prior
to such issuance or adjustment and had been allocated to the Members at such time pursuant to Section 5.1 in the same manner as any item of gain or loss actually recognized during such period would have been allocated,
provided, however, that such adjustments shall be made only if the Managing Member reasonably determines that such adjustments are necessary or appropriate to reflect the relative economic interests of the Members in the
Company. In determining such Unrealized Gain or Unrealized Loss, the aggregate cash amount and Fair Market Value of all Company assets (including cash and cash equivalents) immediately prior to the event triggering such adjustment shall be
determined by the Managing Member using such method of valuation as it may adopt. The Managing Member shall allocate such aggregate value among the assets of the Company (in such manner as it determines) to arrive at a Fair Market Value for
individual properties. 

  
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 4.3 Contributions of Contributed Property. Except as set forth within
the Master Reorganization Agreement, all Capital Contributions currently contemplated by this Agreement are to be made in readily available cash funds. To the extent that, as determined by the Managing Member, any subsequent Capital Contribution is
made in the form of Contributed Property, any costs or expenses associated with the transfer, assignment, conveyance or recordation of such Contributed Property, including any taxes in respect thereof, shall be borne by the Member making such
contribution, and any such costs or expenses, whether paid directly by the Member or reimbursed to the Company, shall not be deemed Capital Contributions. 

ARTICLE V 
 ALLOCATIONS
AND DISTRIBUTIONS 
 5.1 Allocations for Capital Account Purposes. For purposes of maintaining the Capital
Accounts, the Company’s items of income, gain, loss and deduction (computed in accordance with Section 4.2(b)) shall be allocated among the Members in each taxable year (or portion thereof) as provided herein below.

 (a) General. Except as otherwise provided in this Agreement, all items of income, gain, loss and deduction (including items of
gross income, Simulated Gain, Simulated Loss, Simulated Depletion and income and gain exempt from tax) shall be allocated between the Members in a manner such that, after giving effect to the special allocations set forth in
Section 5.1(c), the Capital Account of each Member, immediately after making such allocation, is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made to such Member pursuant to
Section 10.2(d) if the Company were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Company liabilities were satisfied (limited with respect to each nonrecourse liability to
the Carrying Value of the assets securing such liability), and the net assets of the Company were distributed in accordance with Section 10.2(d)(ii) to the Members immediately after making such allocation
minus (ii) such Member’s share of Company Minimum Gain and Member Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. 

(b) Special Allocations. Notwithstanding any other provision of this Section 5.1, the following special
allocations shall be made for such taxable period in the following order and priority: 
 (i) Company Minimum Gain
Chargeback. Notwithstanding the other provisions of this Section 5.1, if there is a net decrease in Company Minimum Gain during any Fiscal Year, each Member shall be allocated items of Company income and gain for
such taxable period (and, if necessary, subsequent taxable periods) in the manner and amounts provided in Treasury Regulation sections 1.704-2(f)(6) and (g)(2) and section
1.704-2(j)(2)(i), or any successor provisions. This Section 5.1(b)(i) is intended to comply with the Company Minimum Gain chargeback requirement in Treasury Regulation section 1.704-2(f) and shall be interpreted consistently therewith. 

  
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 (ii) Chargeback of Minimum Gain Attributable to Member Nonrecourse
Debt. Notwithstanding the other provisions of this Section 5.1 (other than Section 5.1(b)(i)), except as provided in Treasury Regulation
section 1.704-2(i)(4), if there is a net decrease in Member Nonrecourse Debt Minimum Gain during any Fiscal Year, any Member with a share of Member Nonrecourse Debt Minimum Gain at the beginning of such
Fiscal Year shall be allocated items of Company income and gain for such Fiscal Year (and, if necessary, subsequent taxable periods) in the manner and amounts provided in Treasury Regulation sections
1.704-2(i)(4) and 1.704-2(j)(2)(ii), or any successor provisions. This Section 5.1(b)(ii) is intended to comply with the chargeback of items of
income and gain requirement in Treasury Regulation section 1.704-2(i)(4) and shall be interpreted consistently therewith. 

(iii) Qualified Income Offset. In the event any Member unexpectedly receives any adjustments, allocations or
distributions described in Treasury Regulation sections 1.704-1(b)(2)(ii)(d)(4) through (6), items of Company income and gain shall be specially allocated to such Member in an amount and manner sufficient to
eliminate, to the extent required by the Treasury Regulations promulgated under section 704(b) of the Code, the deficit balance, if any, in such Member’s Adjusted Capital Account created by such adjustments, allocations or distributions as
quickly as possible; provided, that an allocation pursuant to this Section 5.1(b)(iii) shall be made only if and to the extent that such Member would have a deficit in such Member’s Adjusted Capital
Account after all other allocations provided in this Article V have been tentatively made as if this Section 5.1(b)(iii) were not a part of this Agreement. This Section 5.1(b)(iii) is
intended to be a “qualified income offset” as that term is used in Treasury Regulation section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith. 

(iv) Stop Loss. No amount of loss or deduction shall be allocated pursuant to
Section 5.1(a) to the extent that such allocation would cause any Member to have a deficit balance in its Adjusted Capital Account at the end of such Fiscal Year (or increase any existing deficit balance in its Adjusted
Capital Account). All loss and deductions in excess of the limitation set forth in the preceding sentence shall be allocated among such other Members, who have positive Adjusted Capital Account balances, in proportion thereto until each
Member’s Adjusted Capital Account balance is reduced to zero. 
 (v) Gross Income Allocations. In the
event any Member has a deficit balance in its Capital Account at the end of any Company taxable period in excess of the sum of (A) the amount such Member is obligated to restore pursuant to any provision of this Agreement and (B) the
amount such Member is deemed obligated to restore pursuant to Treasury Regulations sections 1.704.2(g) and 1.704(i)(5), such Member shall be specially allocated items of Company gross income and gain in the amount of such excess as quickly as
possible; provided, that an allocation pursuant to this Section 5.1(b)(v) shall be made only if and to the extent that such Member would have a deficit balance in its Capital Account after all other
allocations provided in this Section 5.1 have been tentatively made as if this Section 5.1(b)(v) and Section 5.1(b)(iii) were not in the Agreement. 

(vi) Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in
accordance with their respective Percentage Interests. 

  
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 (vii) Member Nonrecourse Deductions. Member Nonrecourse
Deductions for any Fiscal Year shall be allocated one hundred percent (100%) to the Member that bears the Economic Risk of Loss with respect to such Member Nonrecourse Debt to which such Member Nonrecourse Deductions are attributable in accordance
with Treasury Regulation section 1.704-2(i). If more than one Member bears the Economic Risk of Loss with respect to a Member Nonrecourse Debt, such Member Nonrecourse Deductions attributable thereto shall be
allocated between or among such Members in accordance with the ratios in which they share such Economic Risk of Loss. 

(viii) Nonrecourse Liabilities. For purposes of Treasury Regulation section
1.752-3(a)(3), the Members agree that Nonrecourse Liabilities of the Company in excess of the sum of (A) the amount of Company Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated among the Members in accordance with their relative Percentage Interests. 

(ix) Simulated Depletion/Loss. Simulated Depletion and Simulated Loss with respect to each oil and gas property (as
defined in Section 614 of the Code) will be allocated in proportion to the manner in which the Simulated Basis of such property is allocated among the Members. 

(x) Curative Allocation. Notwithstanding any other provision of this Section 5.1, other
than the Required Allocations, the Required Allocations shall be taken into account in making the Agreed Allocations so that, to the extent possible, the net amount of items of income, gain, loss or deduction allocated to each Member pursuant to the
Required Allocations and the Agreed Allocations, together, shall be equal to the net amount of such items that would have been allocated to each such Member under the Agreed Allocations had the Required Allocations and the related Curative
Allocations not otherwise been provided in this Section 5.1. It is the intention of the Members that allocations pursuant to this Section 5.1(b)(x) be made among the Members in a manner that is
likely to minimize economic distortions. 
 (c) Allocations on Liquidation. Notwithstanding any other provisions of this Article
V, after taking into account the special allocations in Section 5.1(b), in the year in which the Company liquidates pursuant to Article X and all subsequent years (and for any prior years with respect to which
the due date (without regard to extensions) for the filing of the Company’s federal income tax return has not passed as of the date of the liquidation), all items of income, gain, loss and deduction of the Company shall be allocated among the
Members in a manner reasonably determined by Managing Member as shall cause to the nearest extent possible the Capital Account of each Member to equal the amount to be distributed to such Member pursuant to
Section 10.2(d)(ii). 
 5.2 Allocations for Tax Purposes. 

(a) Except as otherwise provided herein, for federal income tax purposes, each item of income, gain, loss and deduction shall be allocated
among the Members in the same manner as its correlative item of “book” income, gain, loss or deduction is allocated pursuant to Section 5.1. 

  
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 (b) Notwithstanding any provisions to the contrary, allocations of depletion with respect to
each oil and gas property (as defined in section 614 of the Code) and gain and losses therefrom shall be governed by the following: 

(i) For purposes of such computations, the federal income tax basis of each oil and gas property shall be allocated to each
Member in accordance with such Member’s respective Percentage Interest as of the time such oil and gas property is acquired by the Company, and shall be reallocated among the Members in accordance with the Members’ respective Percentage
Interests as determined immediately following the occurrence of an event giving rise to an adjustment to the Carrying Values of the Company’s oil and gas properties pursuant to the terms of this Agreement (or at the time of any material
additions to the federal income tax basis of such oil and gas property). Such allocations are intended to be applied in accordance with the “partners’ interests in partnership capital” under section 613A(c)(7)(D) of the Code;
provided, that the Members understand and agree that the Managing Member may authorize special allocations of tax basis, income, gain, deduction or loss, as computed for federal income tax purposes, in order to eliminate differences between
Simulated Basis and adjusted federal income tax basis with respect to any oil and gas properties, in such manner as determined consistent with the principles of section 704(c) of the Internal Revenue Code and Section 5.2(c)
hereof. 
 (ii) For purposes of the separate computation of gain or loss by each Member on the taxable sale or other
disposition of an oil and gas property, the amount realized from such sale or disposition shall be allocated (i) first, to the Members in an amount equal to the Simulated Basis in such oil and gas property and in the same proportion as their
shares thereof were allocated, and (ii) second, consistent with the allocation of Simulated Gains; provided, however, that the Members understand and agree that the Managing Member may authorize special allocations
of tax basis, income, gain, deduction or loss, as computed for federal income tax purposes, in order to eliminate differences between Simulated Basis and adjusted federal income tax basis with respect to any oil and gas properties, in such manner as
determined consistent with the principles of section 704(c) of the Internal Revenue Code and Section 5.2(c) hereof. 

(iii) Each Member shall separately keep records of its share of the adjusted tax basis in each oil and gas property, adjust
such share of the adjusted tax basis for any cost or percentage depletion allowable with respect to such property and use such adjusted tax basis in the computation of its cost depletion or in the computation of its gain or loss on the disposition
of such property by the Company. Upon the request of the Company, each Member shall advise the Company of its adjusted tax basis in each oil and gas property and any depletion computed with respect thereto, both as computed in accordance with the
provisions of this subsection. The Company may rely on such information and, if it is not provided by the Member, may make such reasonable assumptions as it shall determine with respect thereto. 

  
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 (c) Notwithstanding any provisions contained herein to the contrary, solely for federal (and
applicable state and local) income tax purposes, items of income, gain, depreciation, amortization, gain or loss with respect to property for which a Book-Tax Disparity exists, other than oil and gas
properties (as defined in section 614 of the Code), shall be allocated so as to take into account the variation between the Company’s tax basis in such property and its Carrying Value consistent with Treasury Regulations sections 1.704-1(b)(4)(i) and 1.704-3. Such allocations shall be made in accordance with such methods provided for in Treasury Regulations section
1.704-3 as reasonably determined by the Managing Member. 
 (d) For the proper administration of the
Company, the Managing Member shall (i) adopt such conventions as it deems appropriate in determining the amount of depreciation, amortization and cost recovery deductions; (ii) make special allocations for federal income tax purposes of
income (including gross income or deductions); and (iii) amend the provisions of this Agreement as appropriate to reflect the proposal or promulgation of Treasury Regulations under section 704(b) or section 704(c) of the Code. The Managing
Member may adopt such conventions, make such allocations and make such amendments to this Agreement as provided in this Section 5.2(d) only if such conventions, allocations or amendments are consistent with the principles
of section 704 of the Code and would not have a material adverse effect on any Member. 
 (e) All recapture of income tax deductions
resulting from the taxable sale or other disposition of Company property shall, to the maximum extent possible, be allocated to the Member to whom the deduction that gave rise to such recapture was allocated hereunder to the extent that such Member
is allocated any gain from the disposition of such property. 
 (f) All items of income, gain, loss, deduction and credit recognized by the
Company for federal income tax purposes and allocated to the Members in accordance with the provisions hereof shall be determined without regard to the election under section 754 of the Code that will be made by the Company; provided
however, that such allocations, once made, shall be adjusted (in any manner determined by the Managing Member) as necessary or appropriate to take into account those adjustments permitted or required by sections 734 and 743 of the Code. 

5.3 Requirement of Distributions. 

(a) Subject to the provisions of Section 5.3(b) and Section 10.2(d), distributions of
assets and properties of the Company shall be made by the Company at such times as determined by the Managing Member in its sole discretion. Each distribution of cash or other property by the Company shall be made one hundred percent (100%) to the
Members pro rata in accordance with each Member’s Percentage Interest. Distributions of cash shall be made to the Members by wire transfer or ACH to the account designated by the relevant Member. For purposes of the foregoing, if payments are
made by or on behalf of the Company to a Member or an Affiliate thereof other than in respect of such Member’s Membership Interests (including in respect of indebtedness for borrowed money), then such payments shall not be considered a
distribution for purposes of determining the allocation of a distribution pursuant to this Section 5.3(a). 

  
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 (b) Notwithstanding the foregoing, the Managing Member shall cause Available Cash to be
distributed at least five (5) days prior to each of April 15, June 15, September 15 and December 15 (or any other successor or substitute estimated tax payment date applicable to corporate taxpayers) (each an
“Estimated Tax Payment Date”), with respect to the taxable period related to each Estimated Tax Payment Date (each, an “Estimated Tax Period”), to each Member. Such distributions shall be made pro rata
to each Member based on such Member’s pro rata share of the Tax Amount (taking into account such Member’s Percentage Interest as of the date of such applicable distribution pursuant to this Section 5.3(b));
provided, that, a Member’s pro rata share of the Tax Amount will only be distributed to such Member to the extent that the aggregate amount previously distributed to such Member pursuant to Section 5.3(a) hereof
or this Section 5.3(b) in such Fiscal Year is less than the amount required to be distributed to such Member on such Estimated Tax Payment Date under this Section 5.3(b); provided,
further, that there will be an adjustment following each Fiscal Year (but no later than one (1) day prior to the due date for payment of U.S. federal taxes by a corporation), and the Company shall distribute any additional amounts as
necessary to make the amounts previously distributed to a Member pursuant to Section 5.3(a) hereof or this Section 5.3(b) in such Fiscal Year equal such Member’s pro rata share of the Tax
Amount (taking into account such Member’s Percentage Interest) attributable to such Fiscal Year. The “Tax Amount” calculated for the period beginning on the start of the Fiscal Year through the end of the applicable
Estimated Tax Period is the Class A Member Tax Amount divided by the Percentage Interest attributable to the Class A Member as of the date of such applicable distribution pursuant to this Section 5.3(b). The
“Class A Member Tax Amount” is the sum of (x)(i) the U.S. federal, state and local estimated aggregate taxable income of the Company allocated to the Class A Member for such Estimated Tax
Period or such Fiscal Year (for the avoidance of doubt, including any adjustments under section 734 or 743 of the Code and any allocations of taxable income under section 704(c) of the Code), multiplied by (ii) the U.S. federal, state and local
estimated effective tax rate of the Class A Member for such Fiscal Year and (y) such additional amounts the Managing Member reasonably determines in good faith is necessary to enable VEI to timely meet its payment obligations under the Tax
Receivable Agreement. 
 5.4 Withholding. To the extent the Company (or any entity in which the Company owns a direct or
indirect interest) is required by law to withhold or to make tax payments on behalf of or with respect to any Member (“Tax Advances”), the Company may withhold such amounts and make such tax payments as so required. All Tax
Advances made on behalf of a Member shall be repaid by reducing the amount of the current or next succeeding distribution or distributions which would otherwise have been made to such Member or, if such distributions are not sufficient for that
purpose, by so reducing the proceeds of liquidation otherwise payable to such Member. If at the time of liquidation of the Company, any such Tax Advances to a Member exceed the proceeds of liquidation to the Member, such Member shall repay such
excess to the Company. If a distribution to a Member is actually reduced as a result of a Tax Advance, for all other purposes of this Agreement such Member shall be treated as having received the amount of the distribution that is reduced by the Tax
Advance. Each Member hereby agrees to indemnify and hold harmless the Company and the other Members from and against any liability from such Member’s failure to repay Tax Advances. 

  
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 ARTICLE VI 

MANAGEMENT OF THE COMPANY 

6.1 Management by Managing Member. 

(a) The Company shall be managed by the Managing Member, which shall act as the “manager” of the Company (as such term is used in the
Act), according to this Article VI and, except with respect to certain consent requirements required by the Act or provided in this Agreement, no Member, by virtue of having the status of a Member, shall have any management power or control
over the business and affairs of the Company or actual or apparent authority to enter into contracts on behalf of, or to otherwise bind, the Company, and the Members shall not have any control over the day-to-day operation or management of the Company or its Subsidiaries. Except as described in the preceding sentence, (i) the powers of the Company shall be exercised by or under the authority of, and
the business and affairs of the Company shall be managed under the direction of, the Managing Member in accordance with this Agreement and (ii) the Managing Member shall exercise such powers in compliance with this Agreement and ensure that all
organizational formalities are observed with respect to the Company. Under the direction of the Managing Member, certain activities of the Company may be conducted on the Company’s behalf by the Officers as specified and authorized by the
Managing Member, who shall be agents of the Company, and the management and administration of the day-to-day business and affairs of the Company will be provided by the
Managing Member. In addition to the powers that now or hereafter can be granted under the Act and to all other powers granted under any other provision of this Agreement, the Managing Member shall have (subject to the Act and all consent rights and
other limitations in this Agreement) full power and authority to do all things on such terms as they may deem necessary or appropriate to conduct, or cause to be conducted, the business and affairs of the Company. Any Person dealing with the
Company, other than a Member or a Member’s Affiliate, may rely on the authority of the Managing Member or the Officers in taking any action in the name of the Company without inquiry into the provisions of this Agreement or compliance with it,
regardless of whether that action actually is taken in accordance with the provisions of this Agreement. 
 (b) Except as otherwise provided
in this Agreement, each Member hereby (i) specifically delegates to the Managing Member its rights and powers to manage and control the business and affairs of the Company, and (ii) waives its right to bind the Company, in each case as,
and to the extent permitted by, the Act. 
 6.2 Powers of the Managing Member. 

(a) Subject to Section 6.2(b), the Managing Member (and any Officer authorized by the Managing Member) shall have the
power, right and authority to take all actions which the Managing Member deems necessary, useful or appropriate for the management and conduct of the Company’s business or to the accomplishment of the purposes of the Company. 

  
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 (b) Notwithstanding any other provisions of this Agreement, neither the Managing Member nor
any Officer authorized by the Managing Member shall have the authority, on behalf of the Company, either directly or indirectly, without the prior written approval of the Members holding at least sixty-six and
two-thirds percent (66 2⁄3%) of the issued and outstanding Class B Units: 

(i) voluntarily file in respect of the Company or its Subsidiaries a bankruptcy petition in a court of competent jurisdiction
or a petition seeking a liquidation or dissolution; provided, however, that a liquidation or dissolution pursuant to Section 10.1(b) or Section 10.1(c) shall not require consent of
the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the
issued and outstanding Class B Units; 
 (ii) to amend or restate the Certificate or this Agreement (except pursuant to
the terms of Article XI or amendments or restatements of Exhibit A hereto); 
 (iii) to take any action that
would result in the failure of the Company to be taxable as a partnership for purposes of federal income tax, or take any position inconsistent with treating the Company as a partnership for purposes of federal income tax, except as required by Law;
and 
 (iv) to make any distributions of assets and properties other than cash and cash equivalents. 

6.3 Resignation; Removal and Vacancy. 

(a) Removal; Resignation; Appointment. The Members may, by a vote of Members holding a majority of the Class A Units, remove, with
or without cause, the Managing Member. The Managing Member may withdraw at any time, subject to the prior written consent of the Members holding a majority of the Class A Units. Any vacancy caused by any such resignation or by the removal of
the Managing Member or any vacancy for any other reason may be filled by a vote of Members holding a majority of the Class A Units, however any such designation shall be subject to the affirmative written consent of the Members holding at least
sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding
Class B Units, and any Managing Member so elected to fill any vacancy shall hold office until such Managing Member’s earlier resignation or removal; provided, that such affirmative vote or consent of the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the Class B Units shall not be required
to the extent that the successor Managing Member is an Affiliate of VEI. 
 (b) Duties. The Managing Member shall not have any duty
(including fiduciary duty), or any liability for breach of duty (including fiduciary duty) to the Company. 
 6.4
Officers. Under the direction of the Managing Member and except as provided in Section 6.2, certain administrative activities of the Company shall be conducted on the Company’s behalf by the Officers, who
shall be agents of the Company. 
 (a) The officers of the Company shall be such officers as the Managing Member deems necessary (the
“Officers”). The Officers shall be appointed by the Managing Member. The initial Officer appointees are listed on Schedule 6.4. The Officers shall report to the Managing Member as requested from time
to time. 

  
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 (b) The Managing Member may appoint such other Officers and agents as it shall deem
necessary who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Managing Member. 

(c) The authority of any Officers of the Company shall be restricted to those actions specifically authorized by the Managing Member in
accordance with this Agreement. On the Effective Date, the Officers shall be authorized to execute this Agreement and any agreement related to the transactions contemplated hereby on behalf of the Company. 

(d) Subject to any applicable employment agreement, the Officers and employees of the Company shall be required to devote their full business
time, attention, skill, and best efforts to the performance of such Officer’s or employee’s duties and shall not engage in any other business or occupation during such Person’s term of officership or employment. 

6.5 Term of Officers. 

(a) An Officer shall serve until he resigns, his term expires or he is removed as provided in Section 6.5(b). Subject
to any applicable employment agreement, any Officer of the Company may resign at any time by giving written notice to the Managing Member. The resignation of any Officer shall take effect upon receipt of notice or at such later time as shall be
specified in such notice; and, unless otherwise specified in such notice, the acceptance of such resignation shall not be necessary to make it effective. 

(b) Subject to any applicable employment agreement, an Officer may be removed from office at any time, with or without cause, by the Managing
Member. If any vacancy shall occur in any office, for any reason whatsoever, then the Managing Member shall have the right to appoint a new Officer to fill the vacancy. 

6.6 Compensation and Reimbursement. The Managing Member and Officers shall not receive from the Company any compensation
for managing the affairs of the Company (except as provided in any applicable employment agreement). 
 6.7 Member
Meetings. 
 (a) Location; Quorum; Voting. To the extent a meeting of the Members is required by Law or this Agreement, Member
meetings shall be held at the principal office of the Company or at such other place within or without the State of Delaware specified in the notice or waivers of notice thereof. Except as provided herein or under applicable Law, the presence of
Members holding a majority of the Class A Units, present in person or represented by proxy and entitled to vote, shall constitute a quorum at any meeting of the Members for the transaction of business, and the affirmative vote of the Members
holding a majority of the Class A Units shall constitute the act of the Members. Each Class A Member shall be entitled to one (1) vote for each percent of the Percentage Interests held by such Member. A Member may vote at a meeting by
a written proxy executed by that Member and delivered to the Managing Member or the Secretary. A proxy shall be revocable unless it is stated to be irrevocable. Except as otherwise set forth herein or as required by applicable Law, the Class A
Members shall have the sole right to exercise any such vote required by Law or this Agreement, and the Class B Members shall not have any right to vote in respect of any such matter so submitted. 

  
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 (b) Waiver of Notice. Attendance of a Member at a meeting shall constitute a waiver
of notice of such meeting, except where such Member attends the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened. 

(c) Action by Written Consent. Any action required or permitted to be taken at a particular meeting may be taken without a meeting,
without notice and without a vote if a consent in writing setting forth the action so taken is signed by all of the Members entitled to vote thereon. A copy of such written consent shall be provided within ten (10) Business Days to the Members
who did not sign such written consent. 
 6.8 VCOC Management Rights. The Company and each Member agree that the Company
shall enter into a VCOC letter agreement with any Affiliate of Blackstone on request of an Investment Entity in a form reasonably acceptable to the Company and such Investment Entity. 

ARTICLE VII 

INDEMNIFICATION 

7.1 Right to Indemnification. Subject to the limitations and conditions as provided herein and to the fullest extent
permitted by applicable Laws, each Person who was or is made a party or is threatened to be made a party to or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative or
investigative (hereinafter a “Proceeding”), or any appeal in such a Proceeding or any inquiry or investigation that could lead to such a Proceeding, by reason of the fact that he or she, or a Person of whom he or she is the
legal representative, is or was a Member of the Company or Affiliate thereof or any of their respective representatives, an officer or employee of the Company or Affiliate or a director, officer, member or employee of the Managing Member or any
Affiliate, a member of a committee of the Company or an officer of the Company, or while such a Person is or was serving at the request of the Managing Member on behalf of the Company as a manager, director, officer, partner, venturer, member,
trustee, Partnership Representative (or its designated individual), employee, agent or similar functionary of another foreign or domestic general partnership, corporation, limited partnership, joint venture, limited liability company, trust,
employee benefit plan or other enterprise (each an “Indemnitee”), shall be indemnified by the Company to the extent such Proceeding or other above-described process relates to any such above-described relationships with,
status with respect to, or representation of any such Person to the fullest extent permitted by the Act, as the same exists or may hereinafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the
Company to provide broader indemnification rights than said Laws permitted the Company to provide prior to such amendment), against judgments, penalties (including excise and similar taxes and punitive damages), fines, settlements and reasonable
expenses (including attorneys’ and experts’ fees) actually incurred by such Person in connection with such Proceeding, and indemnification under this Article VII shall continue as to a Person who has ceased to serve in the capacity
which initially entitled such Person to indemnity hereunder for any and all liabilities and damages related to and arising from such Person’s activities while acting in such capacity; provided however, that no Person shall
be entitled to indemnification under this Section 7.1 if there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect
of the matter for which 

  
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such Person is seeking indemnification pursuant to this Section 7.1 such Person’s actions or omissions constituted an intentional breach of this Agreement or gross
negligence or willful misconduct on the part of such Person or, in the case of a criminal matter, acted with knowledge that the Indemnitee’s conduct was unlawful. Any indemnification pursuant to this Article VII shall be made only out of
the assets of the Company, it being agreed that the Members shall not be personally liable for such indemnification and shall have no obligation to contribute or loan any monies or property to the Company to enable it to effectuate such
indemnification. The rights granted pursuant to this Article VII shall be deemed contract rights, and no amendment, modification or repeal of this Article VII shall have the effect of limiting or denying any such rights with respect to
actions taken or Proceedings arising prior to any such amendment, modification or repeal. An Indemnitee shall not be denied indemnification in whole or in part under this Section 7.1 because the Indemnitee had an interest
in the transaction with respect to which the indemnification applies if the transaction was otherwise permitted by the terms of this Agreement. IT IS ACKNOWLEDGED THAT THE INDEMNIFICATION PROVIDED IN THIS
SECTION 7.1 COULD INVOLVE INDEMNIFICATION FOR NEGLIGENCE OR UNDER THEORIES OF STRICT LIABILITY. 

7.2 Indemnification of Officers, Employees (if any) and Agents. The Company may indemnify and advance expenses to Persons
who are not entitled to indemnification under Section 7.1, including current and former employees (if any) or agents of the Company, and those Persons who are or were serving at the request of the Company as a manager,
director, officer, partner, venturer, member, trustee, employee (if any), agent or similar functionary of another foreign or domestic general partnership, corporation, limited partnership, joint venture, limited liability company, trust, employee
benefit plan or other enterprise against any liability asserted against such Person and incurred by such Person in such a capacity or arising out of his status as such a Person to the same extent that it may indemnify and advance expenses to a
Member under this Article VII. 
 7.3 Indemnification and Expense Advancement With Respect to Actions Commenced by an
Indemnitee. Notwithstanding 7.1, Section 7.2 and Section 7.4, the Company shall be required to indemnify and advance expenses to an Indemnitee in connection with any action, suit or
proceeding commenced by such Indemnitee only if the commencement of such action, suit or proceeding by such Indemnitee was authorized by the Managing Member in its sole discretion. 

7.4 Advance Payment. Any right to indemnification conferred in this Article VII shall include a limited right to be
paid or reimbursed by the Company for any and all reasonable expenses as they are incurred by a Person entitled or authorized to be indemnified under Sections 7.1 and 7.2 who was, is or is threatened, to be made a
named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to such Person’s ultimate entitlement to indemnification; provided however, that the
payment of such expenses incurred by any such Person in advance of final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his good faith belief that he has met the requirements
necessary for indemnification under this Article VII and a written undertaking by or on behalf of such Person to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified
under this Article VII or otherwise. 

  
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 7.5 Appearance as a Witness. Notwithstanding any other provision of
this Article VII, the Company shall pay or reimburse expenses incurred by any Person entitled to be indemnified pursuant to this Article VII in connection with such Person’s appearance as a witness or other participation in a
Proceeding at a time when he is not a named defendant or respondent in the Proceeding. 
 7.6 Nonexclusivity of Rights.
The right to indemnification and the advancement and payment of expenses conferred in this Article VII shall not be exclusive of any other right which a Person indemnified pursuant to Sections 7.1 and 7.2 may have or
hereafter acquire under any Laws, this Agreement, or any other agreement, vote of Members or otherwise. The Company may purchase and maintain (or may reimburse an Indemnitee for the cost of) insurance, on behalf of an Indemnitee as the Managing
Member shall determine, against any liability that may be asserted against, or expense that may be incurred by, such Indemnitee in connection with the Company’s activities or such Indemnitee’s activities on behalf of the Company,
regardless of whether the Company would have the power to indemnify such Indemnitee against such liability under the provisions of this Agreement. 

7.7 No Member Liability for Indemnification Obligations. In no event may an Indemnitee subject the Members to personal
liability by reason of the indemnification provisions set forth in this Agreement. An Indemnitee shall not be denied indemnification in whole or in part under this Article VII because the Indemnitee had an interest in the transaction with
respect to which the indemnification applies if the transaction was otherwise permitted by the terms of this Agreement. 
 7.8
Member Notification. To the extent discretionary to the Company, the Managing Member shall approve or disapprove of indemnification or advancement of expenses under this Article VII. Any indemnification of or advance of expenses
to any Person entitled or authorized to be indemnified under this Article VII shall be reported in writing to the Managing Member within the twelve (12) month period immediately following the date the indemnification or advance was made;
provided, that no failure to comply with the notification provisions of this Section 7.8 shall operate to deprive a Person of any indemnification or advancement of expenses to which such Person would otherwise be
entitled. 
 7.9 Savings Clause. If this Article VII or any portion hereof shall be invalidated on any ground by
any court of competent jurisdiction, then the Company shall nevertheless indemnify and hold harmless any Person entitled to be indemnified pursuant to this Article VII as to costs, charges and expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative to the full extent permitted by any applicable portion of this Article VII that shall not
have been invalidated and to the fullest extent permitted by Laws. 
 7.10 Scope of Indemnity. For the purposes of this
Article VII, references to the “Company” include all constituent entities, whether corporations or otherwise, absorbed in a consolidation or merger as well as the resulting or surviving entity. Thus, any Person entitled to be
indemnified or receive advances under this Article VII shall stand in the same position under the provisions of this Article VII with respect to the resulting or surviving entity as he would have if such merger, consolidation, or other
reorganization never occurred. 

  
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 7.11 Other Indemnities. 

(a) The Company acknowledges and agrees that the obligation of the Company under this Agreement to indemnify or advance expenses to any
Indemnitee for the matters covered thereby shall be the primary source of indemnification and advancement of such Indemnitee in connection therewith and any obligation on the part of any Indemnitee under any Other Indemnification Agreement to
indemnify or advance expenses to such Indemnitee shall be secondary to the Company’s obligation and shall be reduced by any amount that the Indemnitee may collect as indemnification or advancement from the Company. If the Company fails to
indemnify or advance expenses to an Indemnitee as required or contemplated by this Agreement, and any Person makes any payment to such Indemnitee in respect of indemnification or advancement of expenses under any Other Indemnification Agreement on
account of such Unpaid Indemnity Amounts, such other Person shall be subrogated to the rights of such Indemnitee under this Agreement in respect of such Unpaid Indemnity Amounts. 

(b) The Company, as an indemnifying Party from time to time, agrees that, to the fullest extent permitted by applicable Law, its obligation to
indemnify Indemnitees under this Agreement shall include any amounts expended by any other Person under any Other Indemnification Agreement in respect of indemnification or advancement of expenses to any Indemnitee in connection with any Proceedings
to the extent such amounts expended by such other Person are on account of any Unpaid Indemnity Amounts. 
 7.12 Replacement of
Fiduciary Duties. Notwithstanding any other provision of this Agreement, to the extent that any provision of this Agreement purports or is interpreted (i) to have the effect of replacing, restricting or eliminating the duties that might
otherwise, as a result of Delaware or other applicable law, be owed by the Managing Member or any other Indemnitee to the Company, the Members, any other Person who acquires an interest in a Membership Interest or any other Person who is bound by
this Agreement or (ii) to constitute a waiver or consent by the Company, the Members, any other Person who acquires an interest in a Membership Interest or any other Person who is bound by this Agreement to any such replacement or restriction,
such provision shall be deemed to have been approved by the Company, all of the Members, each other Person who acquires an interest in a Membership Interest and each other Person who is bound by this Agreement. 

7.13 Liability of Indemnitees. 

(a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to
the Company, the Members, any other Person who acquires an interest in a Membership Interest or any other Person who is bound by this Agreement, for losses sustained or liabilities incurred as a result of any act or omission of an Indemnitee unless
there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of the matter in question, the Indemnitee acted in bad faith or in the case of a
criminal matter, acted with knowledge that the Indemnitee’s conduct was criminal. The Members, any other Person who acquires an interest in a Membership Interest or any other Person who is bound by this Agreement, each on their own behalf and
on behalf of the Company, waives any and all rights to claim punitive damages or damages based upon the federal or state income taxes paid or payable by any such Member or other Person. 

  
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 (b) The Managing Member may exercise any of the powers granted to it by this
Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agent or agents, and the Managing Member shall not be responsible for any misconduct or negligence on the part of any such agent appointed by the
Managing Member in good faith. 
 (c) To the extent that, at law or in equity, an Indemnitee has duties (including fiduciary
duties) and liabilities relating thereto to the Company, the Members, any Person who acquires an interest in a Membership Interest or any other Person who is bound by this Agreement, any Indemnitee acting in connection with the Company’s
business or affairs shall not be liable, to the fullest extent permitted by Law, to the Company, to any Member, to any other Person who acquires an interest in a Membership Interest or to any other Person who is bound by this Agreement for its
reliance on the provisions of this Agreement. 
 (d) Any amendment, modification or repeal of this Agreement or any provision
hereof shall be prospective only and shall not in any way affect the limitations on the liability of the Indemnitees under this Agreement as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or
relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted. 

7.14 Standards of Conduct and Modification of Duties. 

(a) Whenever the Managing Member makes a determination or takes or declines to take any other action, whether under this
Agreement or any other agreement contemplated hereby or otherwise, then, unless another express standard is expressly provided for in this Agreement, the Managing Member shall make such determination or take or decline to take such other action in
good faith and shall not be subject to any higher standard contemplated hereby or under the Act or any other Law or at equity. A determination, other action or failure to act by the Managing Member or any committee thereof (as the case may be) will
be deemed to be in good faith unless the Managing Member believed such determination, other action or failure to act was adverse to the interests of the Company. In any proceeding brought by the Company, any Member or any Person who acquires an
interest in a Membership Interest or any other Person who is bound by this Agreement challenging such action, determination or failure to act, the Person bringing or prosecuting such proceeding shall have the burden of proving that such
determination, action or failure to act was not in good faith. 
 (b) Notwithstanding anything to the contrary in this
Agreement, the Managing Member or any other Indemnitee shall have no duty or obligation, express or implied, to sell or otherwise dispose of any asset of the Company or its Subsidiaries. 

  
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 (c) To the extent that, at law or in equity, a Member owes any duties
(including fiduciary duties) to the Company, any other Member or other holder of Membership Interests or any other Person pursuant to applicable Laws or this Agreement such duty is hereby eliminated to the fullest extent permitted pursuant to Law
(including Section 17-1101(d) of the Act), it being the intent of the Members that to the extent permitted by Law and except to the extent another express standard is specified elsewhere in this
Agreement, no Member shall owe any duties of any nature whatsoever to the Company, the other Members or any other holders of Membership Interests or any other Person, other than the duty of good faith and fair dealing, and each Member may decide or
determine any matter in its sole and absolute discretion taking into account solely its interests and those of its Affiliates (excluding the Company and its Subsidiaries) subject to the duty of good faith and fair dealing. Except with respect to the
express obligations set forth in this Agreement or any other agreement to which any Member is a party, to the maximum extent permitted by applicable Law (including Section 17-1101(f) of the Act), the
Company and each Member hereby waives any claim or cause of action against, and hereby eliminate all liabilities of, each Member, solely in its capacity as a Member, for any breach of any duty (including fiduciary duties) to the Company, the other
Members or any other holders of Membership Interests or any other Person. Nothing herein is intended to create a partnership, joint venture, agency or other relationship creating fiduciary or quasi-fiduciary duties or similar duties or obligations,
or otherwise subject the Members to joint and several liability or vicarious liability or to impose any duty, obligation or liability that would arise therefrom with respect to any or all of the Members or the Company. 

ARTICLE VIII 
 TAXES

 8.1 Tax Returns. The Company shall timely cause to be prepared and filed all necessary U.S. federal, state,
local and foreign tax returns for the Company, including making the elections described in Section 8.2. Upon written request by the Company, each Member shall furnish to the Company all pertinent information in its
possession relating to Company operations that is necessary to enable the Company’s tax returns to be prepared and filed. 
 8.2
Tax Elections(a) . The Company and any eligible Subsidiary shall make an election (or continue a previously made election) pursuant to section 754 of the Code for the taxable year of the Company that includes the closing date of the
initial public offering of VEI and shall not thereafter revoke such election. In addition, the Company shall make the following elections on the appropriate tax returns: 

(a) to adopt the accrual method of accounting; 

(b) to use the calendar year as the taxable year; 

(c) to elect to deduct and/or amortize the organizational expenses of the Company as permitted by section 709(b) of the Code; 

(d) to elect to deduct and/or amortize the start-up expenditures of the Company as permitted by section
195(b) of the Code; and 
 (e) any other election approved by the Partnership Representative. 

  
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 It is the intention of the Members that the Company be treated as a partnership for U.S. federal income tax
purposes and neither the Company nor any Member may make any election to the contrary, including an election pursuant to Treasury Regulation section 301.7701-3(c) or any similar provisions of applicable state
law, and no provision of this Agreement shall be construed to sanction or approve such an election. 
 8.3 Tax Matters
Partner. The Managing Member is hereby designated the “Tax Matters Partner” (as defined in section 6231(a)(7) of the Code as in effect prior to the amendment of such section under the Bipartisan Budget
Act of 2015, to the extent applicable for taxable years beginning before January 1, 2018, or any corresponding state or local tax provision) and as the “Partnership Representative” of the Company for purposes of the Partnership Tax
Audit Rules. In addition, (i) the Managing Member is hereby authorized to (A) designate any other Person as the Partnership Representative or its “designated individual” for purposes of the Partnership Tax Audit Rules, and
(B) take, or cause the Company to take, such actions as may be necessary or advisable pursuant to Treasury Regulations or other guidance to ratify the designation, pursuant to this Section 8.3, of the Managing Member
or any Person selected by the Managing Member as the Partnership Representative or its designated individual; and (ii) each Member agrees to take, such actions as may be requested by the Managing Member to ratify or confirm any such designation
pursuant to this Section 8.3. The Partnership Representative or its designated individual is authorized, in its sole discretion, to make any available election related to sections 6221 through 6241 of the Code and take any
action it deems necessary or appropriate to comply with the requirements of the Code and conduct the Company’s affairs under sections 6221 through 6241 of the Code. 

ARTICLE IX 
 BOOKS,
RECORDS, REPORTS, AND BANK ACCOUNTS 
 9.1 Maintenance of Books. The Company shall keep books and records of
accounts (including a list of the names, addresses, Capital Contributions and Membership Interests of all Members) and shall keep minutes of the proceedings of any meeting of the Managing Member. The books of account for the Company shall be
maintained on an accrual basis in accordance with the terms of this Agreement and GAAP, except that the Capital Accounts of the Members shall be maintained in accordance with Section 4.2. The accounting year of the Company
shall be the Fiscal Year. Section 18-305(a) of the Act (entitled “Access to and Confidentiality of Information; Records”) shall not apply or be incorporated into this Agreement and the Members
hereby waive any rights under such sections of the Act. 
 9.2 Financial Statements and Reports. The Company shall
provide the Members, as applicable, with the following information: 
 (a) The Company shall provide the Members any reports or financial
statements regarding the Company and its Subsidiaries as requested by the Managing Member. 

  
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 (b) The Company shall deliver to each of its Members the following schedules and tax
returns: (i) within sixty (60) days after the Company’s year-end, an estimated Schedule K-1 for the immediately preceding taxable year based on
best-available information to date, and (ii) not less than forty-five (45) days prior to the due date, including extensions, for the filing of the Company’s federal information return for the immediately preceding taxable year, a final
Schedule K-1, along with copies of all other federal, state and local income tax returns or reports filed by the Company for the previous year, as may be required as a result of the operations of the Company,
and a schedule of Company book tax differences for the immediately preceding tax year. 
 9.3 Accounts. The Officers or
designated Members of the Company shall establish and maintain one or more separate bank and investment accounts and arrangements for Company funds in the Company’s name with financial institutions and firms that the Managing Member may
determine. The Company may not commingle the Company’s funds with the funds of any other Person. The Company shall keep all funds contributed by the Members in a segregated bank account and shall not commingle such funds with other funds of the
Company. All such accounts shall be and remain the property of the Company and all funds shall be received, held and disbursed for the purposes specified in this Agreement. The Officers or designated Members of the Company may invest the Company
funds only in (a) readily marketable securities issued by the United States or any agency or instrumentality thereof and backed by the full faith and credit of the United States maturing within three months or less from the date of acquisition,
(b) readily marketable securities issued by any state or municipality within the United States of America or any political subdivision, agency or instrumentality thereof, maturing within three months or less from the date of acquisition and
rated “A” or better by any recognized rating agency, (c) readily marketable commercial paper rated “Prime 1” by Moody’s or “A1” by S & P (or comparably rated by such organizations
or any successors thereto if the rating system is changed or there are such successors) and maturing in not more than three months after the date of acquisition or (d) certificates of deposit or time deposits issued by any incorporated bank
organized and doing business under the Laws of the United States of America which is rated at least “A” or “A2” by S & P or Moody’s, which is not in excess of federally insured amounts, and which
matures within three months or less from the date of acquisition. 
 ARTICLE X 

DISSOLUTION, LIQUIDATION, AND TERMINATION 

10.1 Dissolution. Subject to the provisions of Section 10.2 and any applicable Laws, the
Company shall wind up its affairs and dissolve only on the first to occur of the following (each a “Dissolution Event”): 

(a) approval of dissolution by (x) the Managing Member and (y) the Members holding at least
sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding
Class B Units; 
 (b) the consummation of a sale of all or substantially all of the assets of the Company; or 

(c) entry of a decree of judicial dissolution of the Company in accordance with the Act. 

  
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 Dissolution of the Company shall be effective on the day on which the event occurs giving
rise to the dissolution, but the Company will not terminate until the assets of the Company have been liquidated and the assets distributed as provided in Section 10.2 and the Certificate has been canceled. 

10.2 Liquidation and Termination. In connection with the winding up and dissolution of the Company, the Managing Member
shall act as a liquidator (“Liquidator”), unless the Managing Member otherwise determines. The Liquidator shall proceed diligently to wind up the affairs of the Company in an orderly manner and make final distributions as
provided herein and in the Act. The Liquidator shall use commercially reasonable efforts to complete the liquidation of the Company within two (2) years after an applicable Dissolution Event; provided, that such period may be extended
for up to two (2) additional one-year periods by the Managing Member. The costs of liquidation shall be borne as a Company expense (including the costs and expenses of the Liquidator, in its capacity as
such). Until final distribution, the Liquidator shall continue to operate the Company properties for a reasonable period of time to allow for the sale of all or a part of the assets thereof with all of the power and authority of the Members. The
steps to be accomplished by the Liquidator are as follows: 
 (a) as promptly as possible after approval of the winding up and dissolution of
the Company and again after final liquidation, the Liquidator shall cause a proper accounting to be made of the Company’s assets, liabilities, and operations through the last day of the calendar month in which the winding up and dissolution is
approved or the final liquidation is completed, as applicable; 
 (b) the Liquidator shall cause any notices required by applicable Law to be
sent to each known creditor of and claimant against the Company in the manner described by applicable Law; 
 (c) upon approval of the
winding up and dissolution of the Company, the Liquidator shall, unless the Managing Member otherwise determines, be prohibited from distributing assets in kind and shall instead sell for cash the equity of the Company or the assets of the Company
at the best price available. The property of the Company shall be liquidated as promptly as is consistent with obtaining the fair value thereof. The Liquidator may sell all of the Company property, including to one or more of the Members. If any
assets are sold or otherwise liquidated for value, the Liquidator shall proceed as promptly as practicable in a commercially reasonable manner to implement the procedures of this Section 10.2(c); and 

(d) subject to the terms and conditions of this Agreement and any applicable Law (including the Act), the Liquidator shall distribute the
assets of the Company in the following order of priority: 
 (i) First, the Liquidator shall pay, satisfy or discharge
from Company assets all of the debts, liabilities and obligations of the Company, or otherwise make adequate provision for payment, satisfaction and discharge thereof; provided however, that such payments shall not include any
Capital Contributions described in Article IV or any other obligations of the Members created by this Agreement; and 

  
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 (ii) Second, all remaining assets of the Company shall be distributed
to the Members in accordance with Section 5.3. 
 (e) All distributions to the Members pursuant to
Section 10.2(d)(ii) above shall be in the form of cash, unless the Managing Member otherwise determines (and is further approved by the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding Class B Units pursuant to
Section 6.2(b)). 
 (f) When the Liquidator has complied with the foregoing liquidation plan, the Liquidator (or
the Managing Member), on behalf of all Members, shall execute, acknowledge and cause to be filed a Certificate of Cancellation. 

10.3 Provision for Contingent Claims. 

(a) The Liquidator shall make a reasonable provision to pay all claims and obligations, including all contingent, conditional or unmatured
claims and obligations, actually known to the Company but for which the identity of the claimant is unknown; and 
 (b) If there are
insufficient assets to both pay the creditors pursuant to Section 10.2 and to establish the provision contemplated by Section 10.3(a), subject to applicable Law, the claims shall be paid as
provided for in accordance to their priority, and, among claims of equal priority, ratably to the extent of assets therefor. 
 10.4
Deficit Capital Accounts. No Member shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Company. 

10.5 Deemed Contribution and Distribution. In the event the Company is “liquidated” within the meaning of
Treasury Regulation section 1.704-1(b)(2)(ii)(g) but no Dissolution Event has occurred, the Company’s property shall not be liquidated, the Company’s liabilities shall not be paid or discharged, and
the Company’s affairs shall not be wound up. Instead, solely for federal income tax purposes, the Company shall be deemed to have contributed all Company property and liabilities to a new limited liability company in exchange for an interest in
such new limited liability company and, immediately thereafter, the Company will be deemed to liquidate by distributing interests in the new limited liability company to the Members. 

ARTICLE XI 
 AMENDMENT
OF THE AGREEMENT 
 11.1 Amendments to be Adopted by the Company. Each Member agrees that the Managing Member or
Officer of the Company, in accordance with and subject to the limitations contained in Article VI, may execute, swear to, acknowledge, deliver, file and record whatever documents may be required to reflect: 

(a) a change in the name of the Company in accordance with this Agreement, the location of the principal place of business of the Company or
the registered agent or office of the Company which has been approved by the Managing Member; 

  
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 (b) admission or substitution of Members whose admission or substitution has been made in
accordance with this Agreement; 
 (c) a change that the Managing Member believes is reasonable and necessary or appropriate to qualify or
continue the qualification of the Company as a limited liability company under the Laws of any state or that is necessary or advisable in the opinion of the Managing Member to ensure that the Company will not be taxable as a corporation or otherwise
taxed as an entity for federal income tax purposes; and 
 (d) an amendment that is necessary, in the opinion of counsel, to prevent the
Company or its officers from in any manner being subjected to the provisions of the Investment Company Act of 1940, as amended, or “plan asset” regulations adopted under the Employee Retirement Income Security Act of 1974, as amended,
whether or not substantially similar to plan asset regulations currently applied or proposed by the United States Department of Labor. 

11.2 Amendment Procedures. Except as provided in Section 11.1, all amendments to this Agreement
must be in writing and signed by the Managing Member; provided, that no amendment to this Agreement may: 
 (a) modify the limited
liability of any Member, or increase the liabilities or obligations of any Member, in each case, without the consent of each such affected Member; or 

(b) materially alter or change any right, preferences or privileges of any Membership Interests in a manner that is different or prejudicial
relative to any other Membership Interests, without the approval of a majority in interest of the Members holding the Membership Interests affected in such a different or prejudicial manner. 

ARTICLE XII 
 MEMBERSHIP
INTERESTS 
 12.1 Certificates. Membership Interests will not be certificated unless otherwise approved by, and
subject to the provisions set by, the Managing Member. 
 12.2 Registered Holders. The Company shall be entitled to
recognize the exclusive right of a Person registered on its books and records as the owner of the indicated Membership Interest and shall not be bound to recognize any equitable or other claim to or interest in such Membership Interest on the part
of any Person other than such registered owner, whether or not it shall have express or other notice thereof, except as otherwise provided by Law. 

12.3 Security. For purposes of providing for Transfer of, perfecting a Security Interest in, and other relevant matters
related to, a Membership Interest, the Membership Interest will be deemed to be a “security” subject to the provisions of Articles 8 and 9 of the Delaware Uniform Commercial Code and any similar Uniform Commercial Code provision adopted by
the States of New York, Louisiana, Texas or any other relevant jurisdiction. 

  
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 ARTICLE XIII 

GENERAL PROVISIONS 

13.1 Offset. Whenever the Company is to pay any sum to any Member or any Member is to pay or contribute any sum to the
Company, any amounts that a Member or the Company owes the other for which it is due or past due may be deducted from that sum before payment. 

13.2 Entire Agreement. This Agreement, the Exchange Agreement and the Master Reorganization Agreement (along with any
exhibits or schedules to such documents and any agreement specifically referenced herein) constitute the entire agreement and supersedes (a) all prior oral or written proposals, term sheets or agreements, (b) all contemporaneous oral
proposals or agreements and (c) all previous negotiations and all other communications or understandings between the Members with respect to the subject matter hereof. Notwithstanding anything in this Agreement to the contrary, the Company may
enter into “side letter” agreements with Members which modify, alter or amend the terms and conditions of this Agreement otherwise attributable to such Member. 

13.3 Waivers. Neither action taken (including any investigation by or on behalf of any Party) nor inaction pursuant to
this Agreement shall be deemed to constitute a waiver of compliance with any representation, warranty, covenant or agreement contained herein by the Party not committing such action or inaction. A waiver by any Member of a particular right,
including breach of any provision of this Agreement, shall not operate or be construed as a subsequent waiver of that same right or a waiver of any other right. 

13.4 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Members and their respective
heirs, legal representatives, successors and permitted assigns. 
 13.5 Governing Law; Severability. 

(a) THIS AGREEMENT HAS BEEN EXECUTED AND DELIVERED AND SHALL BE CONSTRUED, INTERPRETED AND GOVERNED PURSUANT TO AND IN ACCORDANCE WITH THE
LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO ANY CONFLICT OF LAWS PRINCIPLES WHICH, IF APPLIED, MIGHT PERMIT OR REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

(b) In the event of a direct conflict between the provisions of this Agreement and any mandatory provision of the Act or other Laws, the
applicable provision of the Act or such other Laws, as the case may be, shall control. If any provision of this Agreement, or the application thereof to any Person or circumstance, is held invalid or unenforceable to any extent, the remainder of
this Agreement and the application of that provision to other Persons or circumstances shall not be affected thereby and that provision shall be enforced to the greatest extent permitted by the Act or other Laws, as the case may be. 

  
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 13.6 Further Assurances. Subject to the terms and conditions set forth
in this Agreement, each of the Parties agrees to use all reasonable efforts to take, or to cause to be taken, all actions, and to do, or to cause to be done, all things necessary, proper or advisable under applicable Laws to consummate and make
effective the transactions contemplated by this Agreement. In case, at any time after the execution of this Agreement, any further action is necessary or desirable to carry out its purposes, the proper officers or directors of the Parties shall take
or cause to be taken all such necessary action. 
 13.7 Exercise of Certain Rights. Except for rights in this Agreement,
no Member may maintain any action for partition of the property of the Company. The Members agree not to maintain any action for dissolution and liquidation of the Company pursuant to Section 18-802 of
the Act or any similar applicable statutory or common law dissolution right without the consent of (x) the Managing Member and (y) the Members holding at least sixty-six and two-thirds percent (66 2⁄3%) of the issued and outstanding Class B Units. 

13.8 Notice to Members of Provisions of this Agreement. By executing this Agreement, each Member acknowledges that it has
actual notice of all of the provisions of this Agreement. Each Member hereby agrees that this Agreement constitutes adequate notice of all such provisions. 

13.9 Counterparts. This Agreement may be executed in multiple counterparts and delivered by facsimile or portable document
format, each of which, when executed, shall be deemed an original, and all of which shall constitute but one and the same instrument. 

13.10 Books and Records. The Officers of the Company shall keep correct and complete books and records of account,
including the names and addresses of all Members and the number and class of the interest held by each at its registered office or principal place of business, or at the office of its transfer agent or registrar. 

13.11 Information. 

(a) Each Member agrees that all non-public information received from or otherwise relating to the
Company or any third party who has entrusted the Company with confidential information with the expectation that such information will be kept confidential (“Confidential Information”), is confidential and will not be
(i) disclosed or otherwise released to any other Person (other than another party hereto for a valid business purpose) or (ii) used for anything other than as necessary and appropriate in carrying out the business of the Company. The
restrictions set forth herein do not apply to any disclosures required by applicable Law, so long as (x) the Person subject to such disclosure obligations provides prior written notice (to the extent reasonably practicable) to the Company and
any affected Person stating the basis upon which the disclosure is asserted to be required, and (y) the Person subject to such disclosure obligations takes, at the Company’s request and expense, all reasonable steps to oppose or mitigate
any such disclosure. Notwithstanding the foregoing, Blackstone and its Affiliates may make disclosures to their direct and indirect equityholders and members such information (including Confidential Information) as is customarily provided to current
or prospective limited partners in private equity funds sponsored or managed by Affiliates of Blackstone. 
 (b) The Members acknowledge
that, from time to time, the Company may need information from any or all of such Members for various reasons, including for complying with various federal and state Laws. Each Member shall provide to the Company all information

  
 43 

 
reasonably requested by the Company for purposes of complying with federal or state Laws within a reasonable amount of time from the date such Member receives such request; provided
however, that, except as required by applicable Law, no Member shall be obligated to provide such information to the Company to the extent such disclosure (i) could reasonably be expected to result in the breach or violation
of any contractual obligation (if a waiver of such restriction cannot reasonably be obtained) or Law or (ii) involves secret, confidential or proprietary information of such Member or its Affiliates. 

13.12 Liability to Third Parties. Except as required by applicable Law or as otherwise expressly provided herein, no
Member shall be liable to any Person (including any Third Party, the Company or to another Member) (a) as the result of any act or omission of another Member or (b) for Company losses, liabilities or obligations (except as otherwise
expressly agreed to in writing by such Member or as a result of such Member having made available to the Company, for its proportionate share equal to its Membership Interest, such Member’s insurance program (commercial, self-funded,
self-insured or other similar programs)). 
 13.13 No Third Party Beneficiaries. Except as set forth in
Section 7.1 (with respect to Indemnitees) and Section 13.17, the provisions of this Agreement are for the exclusive benefit of the Members and the Company and their respective successors and
permitted assigns and, solely with respect to Article VII, the indemnified Persons described therein. Except for the foregoing, this Agreement is not intended to benefit or create rights in any other Person or Governmental Authority,
including (a) any Person or Governmental Authority to whom any debts, liabilities or obligations are owed by the Company or any Member, or (b) any liquidator, trustee or creditor acting on behalf of the Company, and no such creditor or any
other Person or Governmental Authority shall have any rights under this Agreement, including rights with respect to enforcing the payment of Capital Contributions. 

13.14 Notices. Except as otherwise provided in this Agreement to the contrary, any notice or communication required or
permitted to be given under this Agreement shall be in writing and sent to the address of the Party set forth below, or to such other more recent address of which the sending Party actually has received written notice: 

(a) if to the Company: 
 Vine
Energy Holdings LLC 
 5800 Granite Parkway, Suite 550 

Plano, Texas 75024 

Attention:     Eric D. Marsh, President and Chief Executive Officer 

Facsimile: (877) 992-0118 

Email:          eric.marsh@vineoil.com 

and with copies to: 
 Blackstone
Management Partners L.L.C. 
 345 Park Avenue, 43rd Floor 

New York, New York 10154 

  
 44 

 Attention:     Angelo Acconcia 

Facsimile: (212) 201-2874 

Email:          acconcia@blackstone.com 

and 
 Kirkland & Ellis
LLP 
 609 Main Street 

Houston, Texas 77002 

Attention:     Matthew R. Pacey, P.C. 

      William J. Benitez, P.C. 

Facsimile: (713) 835-3601 

Email:          matt.pacey@kirkland.com 

      wbenitez@kirkland.com 

(b) if to the Members, to each of the Members listed on Exhibit A at the address set forth therein. 

Each such notice or other communication shall be sent by personal delivery, by registered or certified mail (return receipt requested), by national, reputable
courier service (such as Federal Express or United Parcel Service) or by facsimile or electronic mail. 
 13.15 Remedies. Except
as provided herein, the rights, obligations and remedies created by this Agreement are cumulative and in addition to any other rights, obligations or remedies otherwise available at Law or in equity. In addition, any successful Party is entitled to
costs related to enforcing this Agreement, including without limitation, reasonable and documented attorneys’ fees and court costs. THE PARTIES WAIVE ANY AND ALL RIGHTS, CLAIMS OR CAUSES OF ACTION AGAINST ONE ANOTHER ARISING UNDER THIS
AGREEMENT FOR ANY LOST PROFITS, EXEMPLARY, PUNITIVE, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, CONSEQUENTIAL, REMOTE OR SPECULATIVE DAMAGES; PROVIDED HOWEVER, THAT A PARTY MAY RECOVER FROM ANY
OTHER PARTY ALL COSTS, EXPENSES OR DAMAGES, INCLUDING LOST PROFITS, EXEMPLARY, PUNITIVE, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, CONSEQUENTIAL, REMOTE OR SPECULATIVE DAMAGES PAID OR OWED TO ANY THIRD PERSON FOR WHICH SUCH PARTY HAS A RIGHT TO
RECOVER FROM SUCH OTHER PARTY UNDER THE TERMS HEREOF. 
 13.16 Disputes. 

(a) Consent to Jurisdiction and Service of Process; Appointment of Agent for Service of Process. EACH PARTY TO THIS AGREEMENT HEREBY
CONSENTS TO THE EXCLUSIVE JURISDICTION OF ANY UNITED STATES DISTRICT COURT LOCATED IN WILMINGTON, DELAWARE OR DELAWARE CHANCERY COURT LOCATED IN WILMINGTON, DELAWARE AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER SUCH ACTIONS OR 

  
 45 

 
PROCEEDINGS ARE BASED IN STATUTE, TORT, CONTRACT OR OTHERWISE), SHALL BE LITIGATED IN SUCH COURTS. EACH PARTY (i) CONSENTS TO SUBMIT ITSELF TO THE PERSONAL JURISDICTION OF SUCH COURTS FOR
SUCH ACTIONS OR PROCEEDINGS, (ii) AGREES THAT IT WILL NOT ATTEMPT TO DENY OR DEFEAT SUCH PERSONAL JURISDICTION BY MOTION OR OTHER REQUEST FOR LEAVE FROM ANY SUCH COURT, AND (iii) AGREES THAT IT WILL NOT BRING ANY SUCH ACTION OR PROCEEDING
IN ANY COURT OTHER THAN SUCH COURTS. EACH PARTY ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE AND IRREVOCABLE JURISDICTION AND VENUE OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON
CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY NON-APPEALABLE JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH ACTIONS OR PROCEEDINGS. A COPY OF ANY SERVICE OF PROCESS SERVED UPON THE PARTIES SHALL BE
MAILED BY REGISTERED MAIL TO THE RESPECTIVE PARTY EXCEPT THAT, UNLESS OTHERWISE PROVIDED BY APPLICABLE LAW, ANY FAILURE TO MAIL SUCH COPY SHALL NOT AFFECT THE VALIDITY OF SERVICE OF PROCESS. IF ANY AGENT APPOINTED BY A PARTY REFUSES TO ACCEPT
SERVICE, EACH PARTY AGREES THAT SERVICE UPON THE APPROPRIATE PARTY BY REGISTERED MAIL SHALL CONSTITUTE SUFFICIENT SERVICE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

(b) Waiver of Jury Trial. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES TO THIS AGREEMENT HEREBY WAIVES ITS
RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP THAT IS BEING ESTABLISHED. EACH PARTY
ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE REQUIRED OF ANY OF THE OTHER PARTIES. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL
DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY
ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED FUTURE
DEALINGS. EACH PARTY FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE TRANSACTION
CONTEMPLATED HEREBY. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAYBE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
  

  
 46 

 13.17 No Recourse. Notwithstanding anything that may be expressed or
implied in this Agreement or any document, agreement, or instrument delivered contemporaneously herewith, and notwithstanding the fact that any Member may be a partnership or limited liability company, each Member hereto, by its acceptance of the
benefits of this Agreement, covenants, agrees and acknowledges that no Persons other than the Members shall have any obligation hereunder and that it has no rights of recovery hereunder against, and no recourse hereunder or under any documents,
agreements, or instruments delivered contemporaneously herewith or in respect of any oral representations made or alleged to be made in connection herewith or therewith shall be had against, any former, current or future director, officer, agent,
Affiliate, manager, assignee, incorporator, controlling Person, fiduciary, representative or employee of any Member (or any of their successor or permitted assignees), against any former, current, or future general or limited partner, manager,
stockholder or member of any Member (or any of their successors or permitted assignees) or any Affiliate thereof or against any former, current or future director, officer, agent, employee, Affiliate, manager, assignee, incorporator, controlling
Person, fiduciary, representative, general or limited partner, stockholder, manager or member of any of the foregoing, but in each case not including the Members (each, but excluding for the avoidance of doubt, the Members, a “Member
Affiliate”), whether by or through attempted piercing of the corporate veil, by or through a claim (whether in tort, contract or otherwise) by or on behalf of such party against the Member Affiliates, by the enforcement of any
assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, or otherwise; it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on, or
otherwise be incurred by any Member Affiliate, as such, for any obligations of the applicable party under this Agreement or the transactions contemplated hereby, under any documents or instruments delivered contemporaneously herewith, in respect of
any oral representations made or alleged to be made in connection herewith or therewith, or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, such obligations or their creation. Except to the extent
otherwise expressly set forth in, and subject in all cases to the terms and conditions of and limitations herein, this Agreement may only be enforced against, and any claim or cause of action of any kind based upon, arising out of, or related to
this Agreement, or the negotiation, execution or performance of this Agreement, may only be brought against the entities that are expressly named as parties hereto and then only with respect to the specific obligations set forth herein with respect
to such party. Each Member Affiliate is expressly intended as a third-party beneficiary of this Section 13.17. 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 47 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set
forth in this Agreement. 
  

			
	 THE COMPANY:

	
	 VINE ENERGY HOLDINGS LLC

		
	By:	 	 /s/ Eric D. Marsh

	Name: Eric D. Marsh
	Title:   President and Chief Executive Officer

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

 
			
	 CLASS A MEMBERS:

	
	 VINE ENERGY INC.

		
	By:	 	 /s/ Eric D. Marsh

	Name: Eric D. Marsh
	Title:   President and Chief Executive Officer

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

 
			
	BLACKSTONE VINE-892/US T-E FEEDER FUND VI/BEP L.P.
	
	 By: Blackstone Management Associates VI L.L.C.

	 Its: General Partner

	
	 By: BMA VI L.L.C.

	 Its: Sole Member

		
	 By:
	 	 /s/ Angelo Acconcia

	 Name: Angelo Acconcia

	 Title: Senior Managing Director

	
	BLACKSTONE HARVEST-R/892 FEEDER FUND BEP II/II.F L.P.
		
	 By:
	 	 /s/ Angelo Acconcia

	 Name: Angelo Acconcia

	 Title: Senior Managing Director

	
	BLACKSTONE BRIX-WI/892 FEEDER FUND BEP II/II.F L.P.
		
	 By:
	 	 /s/ Angelo Acconcia

	 Name: Angelo Acconcia

	 Title: Senior Managing Director

	
	BLACKSTONE HARVEST-R/892 FEEDER FUND VI L.P.
		
	 By:
	 	 /s/ Angelo Acconcia

	 Name: Angelo Acconcia

	 Title: Senior Managing Director

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

 
			
	BLACKSTONE BRIX-WI/892 FEEDER FUND VI L.P.
		
	 By:
	 	 /s/ Angelo Acconcia

	 Name: Angelo Acconcia

	 Title: Senior Managing Director

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

 
			
	 CLASS B MEMBERS:

	
	 VINE INVESTMENT LLC

		
	 By:
	 	 /s/ Eric D. Marsh

	 Name: Eric D. Marsh

	 Title:   President and Chief Executive Officer

	
	 BRIX INVESTMENT LLC

		
	 By:
	 	 /s/ Eric D. Marsh

	 Name: Eric D. Marsh

	 Title:   President and Chief Executive Officer

	
	 HARVEST INVESTMENT LLC

		
	 By:
	 	 /s/ Eric D. Marsh

	 Name: Eric D. Marsh

	 Title:   President and Chief Executive Officer

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

 EXHIBIT A 

Ownership Information 
 (as
of the Effective Date) 
  

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 Vine Energy Inc.

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	21,642,857	 	  	 	0	 	  	 	30.0452	% 
				
	 Blackstone Vine-892/US
T-E Feeder Fund VI/BEP L.P.
 5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia
	  	 	9,504,061	 	  	 	0	 	  	 	13.1938	% 
	 Facsimile: (212) 201-2874
	  				  				  			

 Exhibit A to Vine Energy Holdings 

Amended and Restated LLC Agreement 

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  				  				  			
				
	 Blackstone Harvest-R/892 Feeder Fund BEP II/II.F L.P.

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	55,747	 	  	 	0	 	  	 	0.0774	% 

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 Blackstone BRIX-WI/892 Feeder Fund BEP II/II.F L.P

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	2,636,165	 	  	 	0	 	  	 	3.6596	% 
				
	 Blackstone Harvest-R/892 Feeder Fund VI L.P.

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	82,161	 	  	 	0	 	  	 	0.1141	% 

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 Blackstone BRIX-WI/892 Feeder Fund VI L.P.

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	3,885,395	 	  	 	0	 	  	 	5.3938	% 

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 Vine Investment LLC

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	0	 	  	 	17,387,013	 	  	 	24.1371	% 

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 Brix Investment LLC

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com,

wbenitez@kirkland.com
	  	 	0	 	  	 	16,639,516	 	  	 	23.0994	% 

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

  
 58 

													
	 Name of Member
	  	Class A Units	 	  	Class B Units	 	  	Percentage Interest	 
	 Harvest Investment LLC

5800 Granite Parkway, Suite 550

Plano, Texas 75024

Attention: Eric D. Marsh

Facsimile: (877) 992-0118

 
 with a copy to:

Blackstone Management Partners L.L.C.

345 Park Avenue, 43rd Floor

New York, New York 10154

Attention: Angelo Acconcia

Facsimile: (212) 201-2874

 
 and with a copy to:

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

Attention: Matthew R. Pacey, P.C.,

William J. Benitez, P.C.

Facsimile: (713) 835-3601

Email: matt.pacey@kirkland.com, wbenitez@kirkland.com
	  	 	0	 	  	 	201,341	 	  	 	0.2795	% 
	 Total
	  	 	37,806,386	 	  	 	34,227,870	 	  	 	100	% 

 Signature page to Vine Energy Holdings 

Amended and Restated LLC Agreement 

 SCHEDULE 6.4 

Initial Officer Appointees 
  

			
	 Name
	  	 Title

	Eric Marsh	  	President and Chief Executive Officer
		
	David Elkin	  	Executive Vice President and Chief Operating Officer
		
	Wayne Stoltenberg	  	Executive Vice President and Chief Financial Officer
		
	Jonathan Curth	  	Executive Vice President, General Counsel and Corporate Secretary

 Schedule 6.4 to Vine Energy Holdings 

Amended and Restated LLC AgreementEX-10.2

 Exhibit 10.2 

FORM OF 
 TAX RECEIVABLE
AGREEMENT 
 between 

VINE ENERGY INC. 
 and

 THE PERSONS NAMED HEREIN 

Dated as of March 17, 2021 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
	 Section 1.1
	 	Definitions	  	 	2	 
		
	 ARTICLE II DETERMINATION OF REALIZED TAX BENEFIT
	  	 	11	 
	 Section 2.1
	 	Attribute Schedule	  	 	11	 
	 Section 2.2
	 	Tax Benefit Schedule	  	 	11	 
	 Section 2.3
	 	Procedures, Amendments	  	 	12	 
		
	 ARTICLE III TAX BENEFIT PAYMENTS
	  	 	13	 
	 Section 3.1
	 	Payments	  	 	13	 
	 Section 3.2
	 	No Duplicative Payments	  	 	14	 
	 Section 3.3
	 	Pro Rata Payments	  	 	14	 
		
	 ARTICLE IV TERMINATION
	  	 	15	 
	 Section 4.1
	 	Early Termination of Agreement; Breach of Agreement	  	 	15	 
	 Section 4.2
	 	Early Termination Notice	  	 	16	 
	 Section 4.3
	 	Payment upon Early Termination	  	 	16	 
		
	 ARTICLE V SUBORDINATION AND LATE PAYMENTS
	  	 	17	 
	 Section 5.1
	 	Subordination	  	 	17	 
	 Section 5.2
	 	Late Payments by the Corporate Taxpayer	  	 	17	 
		
	 ARTICLE VI NO DISPUTES; CONSISTENCY; COOPERATION
	  	 	17	 
	 Section 6.1
	 	Participation in the Corporate Taxpayer’s and OpCo’s Tax Matters	  	 	17	 
	 Section 6.2
	 	Consistency	  	 	18	 
	 Section 6.3
	 	Cooperation	  	 	18	 
		
	 ARTICLE VII MISCELLANEOUS
	  	 	18	 
	 Section 7.1
	 	Notices	  	 	18	 
	 Section 7.2
	 	Counterparts	  	 	20	 
	 Section 7.3
	 	Entire Agreement; No Third Party Beneficiaries	  	 	20	 
	 Section 7.4
	 	Governing Law	  	 	20	 
	 Section 7.5
	 	Severability	  	 	20	 
	 Section 7.6
	 	Successors; Assignment; Amendments; Waivers	  	 	20	 
	 Section 7.7
	 	Titles and Subtitles	  	 	21	 
	 Section 7.8
	 	Resolution of Disputes	  	 	21	 
	 Section 7.9
	 	Reconciliation	  	 	22	 
	 Section 7.10
	 	Withholding	  	 	23	 
	 Section 7.11
	 	Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets	  	 	23	 
	 Section 7.12
	 	Confidentiality	  	 	24	 
	 Section 7.13
	 	Change in Law	  	 	24	 
	 Section 7.14
	 	Tax Characterization and Elections	  	 	25	 
	 Section 7.15
	 	TRA Party Representative	  	 	25	 

  
 i 

 TABLE OF CONTENTS (CONT’D) 

ANNEXES AND EXHIBITS 
  

					
	Annex A	  	—  	  	Blocker Entities
	Annex B	  	—  	  	Reorganization TRA Parties
	Annex C	  	—  	  	Exchange TRA Parties
	Exhibit A	  	—  	  	Form of Joinder Agreement

  
 ii 

 TAX RECEIVABLE AGREEMENT 

This TAX RECEIVABLE AGREEMENT (this “Agreement”), is dated as of March 17, 2021, and is between Vine
Energy Inc., a Delaware corporation (including any successor corporation, the “Corporate Taxpayer”) and each of the TRA Parties that are from time to time a party hereto.  

RECITALS 
 WHEREAS,
the Reorganization TRA Parties or their respective transferors or successors were previously owners of the Blocker Entities, and as a result of their previous ownership of the Blocker Entities, the Reorganization TRA Parties previously indirectly
held equity interests (the “Units”) in Vine Energy Holdings LLC, a Delaware limited liability company (“OpCo”), through the Blocker Entities; 

WHEREAS, the Exchange TRA Parties directly hold Units in OpCo; 

WHEREAS, OpCo is classified as a partnership for U.S. federal income tax purposes, and the Corporate Taxpayer and each of the Blocker
Entities is or was (at all relevant times) classified as a corporation for U.S. federal income tax purposes; 
 WHEREAS, as a result
of certain reorganization transactions undertaken in connection with the IPO as more fully described in the Master Reorganization Agreement, all of the shares of the Blocker Entities were contributed directly or indirectly to the Corporate Taxpayer
by the Reorganization TRA Parties or their respective transferors or successors (the “Reorganization”); 
 WHEREAS,
as a result of the Reorganization, the Corporate Taxpayer may be entitled to utilize (or otherwise be entitled to the benefits arising out of) the Pre-IPO Covered Tax Assets; 

WHEREAS, the Units held by the Exchange TRA Parties may be exchanged for Class A common stock (the “Class A
Shares”) of the Corporate Taxpayer or cash consideration, in accordance with and subject to the provisions of the LLC Agreement and Exchange Agreement (each, an “Exchange”); 

WHEREAS, as a result any such Exchanges, the Corporate Taxpayer may be entitled to utilize (or otherwise be entitled to the benefits
arising out of) the Exchange Covered Tax Assets; and 
 WHEREAS, the income, gain, loss, expense, deduction and other Tax items of the
Corporate Taxpayer may be affected by the Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets, and the parties to this Agreement desire to make certain arrangements with respect to the effects of the Pre-IPO Covered Tax Assets and Exchange
Covered Tax Assets. 
 NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and
intending to be legally bound hereby, the parties hereto agree as follows: 

 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the terms set forth in this Article I shall have the
following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined). 
 “Actual
Tax Liability” means, with respect to any Taxable Year, the actual liability for U.S. federal, state and local income Taxes of (a) the Corporate Taxpayer and (b) without duplication, OpCo and its Subsidiaries, but in the case of
this clause (b) only with respect to U.S. federal, state and local income Taxes imposed on OpCo and its Subsidiaries and allocable to the Corporate Taxpayer; provided that the actual liability for Taxes described in clauses
(a) and (b) shall be calculated by assuming (i) that any Subsequently Acquired TRA Attributes do not exist, (ii) solely for purposes of calculating the state and local Actual Tax Liability of the Corporate Taxpayer,
that the applicable tax rate is the Assumed State and Local Tax Rate, and (iii) solely for purposes of calculating the Corporate Taxpayer’s U.S. federal Actual Tax Liability, in order to prevent double counting, that state and local income
and franchise Taxes are not deductible by the Corporate Taxpayer for U.S. federal income tax purposes. 
 “Affiliate”
means, with respect to any Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such first Person.

“Agreed Rate” means a per annum rate of LIBOR plus 100 basis points. 

“Agreement” is defined in the Preamble to this Agreement. 

“Amended Schedule” is defined in Section 2.3(b) of this Agreement. 

“Assumed State and Local Tax Rate” means the tax rate equal to the sum of the product of (a) the Corporate
Taxpayer’s income and franchise tax apportionment rate(s) for each state and local jurisdiction in which the Corporate Taxpayer or OpCo (or any of their Subsidiaries that are treated as partnerships or disregarded entities for U.S. federal or
applicable state and local tax purposes) files income or franchise Tax Returns for the relevant Taxable Year and (b) the highest corporate income and franchise tax rate(s) for each such state and local jurisdiction in which the Corporate
Taxpayer, OpCo or their applicable Subsidiaries file income or franchise Tax Returns for each such relevant Taxable Year; provided that, solely in respect of the Corporate Taxpayer, to the extent, for any Taxable Year, that state and local
income and franchise Taxes are deductible for U.S. federal income tax purposes by members forming part of the Corporate Taxpayer that are treated as corporations for U.S. federal income tax purposes, the Assumed State and Local Tax Rate calculated
pursuant to the foregoing shall be reduced by the assumed federal income Tax benefit received by the Corporate Taxpayer with respect to state and local jurisdiction income and franchise Taxes (with such benefit calculated as the product of
(i) the Corporate Taxpayer’s marginal U.S. federal income tax rate for the relevant Taxable Year and (ii) the Assumed State and Local Tax Rate without regard to this proviso). 

“Attributable” is defined in Section 3.1(b) of this Agreement. 

  
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 “Attribute Schedule” is defined in Section 2.1 of this
Agreement. 
 “Basis Adjustment” means the adjustment to the tax basis of, or the Corporate Taxpayer’s share of the
tax basis of, a Reference Asset (a) under Sections 732, 734(b), 707(a), 737 and 1012 of the Code and any comparable sections of U.S. state and local tax law (in situations where, as a result of one or more Exchanges, OpCo becomes an entity that
is disregarded as separate from its owner for U.S. federal income tax purposes) or (b) under Sections 734(b), 743(b) and 754 of the Code and any comparable sections of U.S. state and local tax law (in situations where, following an Exchange,
OpCo remains in existence as an entity treated as a partnership for U.S. federal income tax purposes), in each case, as a result of any Exchange and any payments made pursuant to this Agreement. For the avoidance of doubt, the amount of any Basis
Adjustment resulting from an Exchange of one or more Units (i) shall be determined without regard to any Pre-Exchange Transfer of such Units and as if any such Pre-Exchange Transfer had not occurred and (ii) shall not include the portion
of any Tax Benefit Payment representing Imputed Interest. 
 “Beneficial Owner” means, with respect to any security, a
Person who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares: (a) voting power, which includes the power to vote, or to direct the voting of, such security; and/or
(b) investment power, which includes the power to dispose of, or to direct the disposition of, such security. The terms “Beneficially Own” and “Beneficial Ownership” shall have correlative meanings. 

“Blocker Entities” means the entities listed on Annex A. 

“Board” means the Board of Directors of the Corporate Taxpayer.

“Business Day” means any day other than a Saturday, Sunday or any other day on which commercial banks are authorized or
required by applicable law to be closed in New York, New York. 
 “Change of Control” means the occurrence of any of the
following events or series of events after the IPO Date: (a) any Person (other than a Permitted Investor) or any group of Persons acting together that would constitute a “group” for purposes of Section 13(d) of the Securities and
Exchange Act of 1934, or any successor provisions thereto (excluding (i) a corporation or other entity owned, directly or indirectly, by the stockholders of the Corporate Taxpayer in substantially the same proportions as their ownership of
stock of the Corporate Taxpayer or (ii) a group of Persons in which one or more Permitted Investors or Affiliates of Permitted Investors directly or indirectly hold Beneficial Ownership of securities representing more than 50% of the total
voting power held by such group) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Corporate Taxpayer representing more than 50% of the combined voting power of the Corporate Taxpayer’s then outstanding voting
securities; (b) the following individuals cease for any reason to constitute a majority of the number of directors of the Corporate Taxpayer then serving: individuals who, on the IPO Date, constitute the Board and any new director whose
appointment or election by the Board or nomination for election by the Corporate Taxpayer’s shareholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on
the IPO Date or whose appointment, election or nomination for election was 

  
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previously so approved or recommended by the directors referred to in this clause (b); (c) there is consummated a merger or consolidation of the Corporate Taxpayer with any other
corporation or other entity, and, immediately after the consummation of such merger or consolidation, either (i) the members of the Board immediately prior to the merger or consolidation do not constitute at least a majority of the members of
the board of directors of the company surviving the merger or, if the surviving company is a Subsidiary, the ultimate parent thereof, or (ii) the voting securities of the Corporate Taxpayer immediately prior to such merger or consolidation do
not continue to represent or are not converted into more than 50% of the combined voting power of the then outstanding voting securities of the Person resulting from such merger or consolidation or, if the surviving company is a Subsidiary, the
ultimate parent thereof; or (d) the shareholders of the Corporate Taxpayer approve a plan of complete liquidation or dissolution of the Corporate Taxpayer or there is consummated an agreement or series of related agreements for the sale or
other disposition, directly or indirectly, by the Corporate Taxpayer of all or substantially all of the Corporate Taxpayer’s assets, other than such sale or other disposition by the Corporate Taxpayer of all or substantially all of the
Corporate Taxpayer’s assets to an entity at least 50% of the combined voting power of the voting securities of which are owned by shareholders of the Corporate Taxpayer in substantially the same proportions as their ownership of the Corporate
Taxpayer immediately prior to such sale. 
 Notwithstanding the foregoing, except with respect to clause (b) and clause
(c)(i) above, a “Change of Control” shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the shares of the
Corporate Taxpayer immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in, and own substantially all of the shares of, an entity which owns, either directly or through a
Subsidiary, all or substantially all of the assets of the Corporate Taxpayer immediately following such transaction or series of transactions. 

“Class A Shares” is defined in the Recitals of this Agreement. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Corporate Taxpayer” is
defined in the Preamble to this Agreement; provided that the term “Corporate Taxpayer” shall include any other member of the U.S. federal income tax consolidated group including the Corporate Taxpayer. 

“Corporate Taxpayer Return” means the U.S. federal and/or state and/or local Tax Return, as applicable, of the Corporate
Taxpayer filed with respect to Taxes of any Taxable Year. 
 “Covered Person” is defined in Section 7.15 of
this Agreement. 

  
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 “Cumulative Net Realized Tax Benefit” for a Taxable Year means the
cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer ending after December 31, 2025, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period;
provided that, if the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1(a) or the Corporate Taxpayer’s obligations under this Agreement are accelerated under Section 4.1(b) or
Section 4.1(c), such period used for purposes of determining the Early Termination Payment shall include any Taxable Year of the Corporate Taxpayer ending on or after the Early Termination Date without regard to whether such relevant
Taxable Year ends on or before December 31, 2023. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedules or Amended Schedules, if any, in existence at the
time of such determination. 
 “Default Rate” means a per annum rate of LIBOR plus 500 basis points. 

“Determination” shall have the meaning ascribed to such term in Section 1313(a) of the Code or similar provision of U.S.
state or local tax law, as applicable, or any other event (including the execution of IRS Form 870-AD) that finally and conclusively establishes the amount of any liability for Tax. 

“Dispute” is defined in Section 7.8(a) of this Agreement. 

“Early Termination Date” means the date of an Early Termination Notice for purposes of determining the Early Termination
Payment. 
 “Early Termination Effective Date” means the date on which an Early Termination Schedule becomes binding
pursuant to Section 4.2. 
 “Early Termination Notice” is defined in Section 4.2 of this Agreement.

 “Early Termination Payment” is defined in Section 4.3(b) of this Agreement. 

“Early Termination Rate” means a per annum rate of LIBOR plus 100 basis points. 

“Early Termination Schedule” is defined in Section 4.2 of this Agreement. 

“Exchange” is defined in the Recitals of this Agreement. 

“Exchange Agreement” means the Exchange Agreement, dated on or about the date hereof, between the Corporate Taxpayer, OpCo
and the holders of Units from time to time party thereto, as such agreement may be further amended, restated, supplemented and/or otherwise modified from time to time. 

“Exchange Covered Tax Assets” means, with respect to an Exchange TRA Party, (a) Basis Adjustments and (b) Imputed
Interest. For the avoidance of doubt, Exchange Covered Tax Assets shall include any carryforwards or similar attributes that are attributable to the Tax items described in clauses (a) and (b). 

“Exchange Date” means the date of any Exchange. 

“Exchange TRA Parties” means the Persons listed on Annex C. 

  
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 “Expert” is defined in Section 7.9 of this Agreement. 

“Hypothetical Tax Liability” means, with respect to any Taxable Year, the liability for U.S. federal, state and local income
Taxes of (a) the Corporate Taxpayer and (b) without duplication, OpCo and its Subsidiaries, but in the case of this clause (b) only with respect to U.S. federal, state and local income Taxes imposed on OpCo and its Subsidiaries
and allocable to the Corporate Taxpayer, in each case, using the same methods, elections, conventions, and practices used on the relevant Corporate Taxpayer Return but calculated (i) without taking into account the Pre-IPO Covered Tax Assets
and Exchange Covered Tax Assets (including, for the avoidance of doubt, any carryforward or carryback of any tax item attributable to the Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets) and (ii) by assuming (A) that any
Subsequently Acquired TRA Attributes do not exist, (B) solely for purposes of calculating the state and local Hypothetical Tax Liability of the Corporate Taxpayer, that the applicable tax rate is the Assumed State and Local Tax Rate, and
(C) solely for purposes of calculating the Corporate Taxpayer’s U.S. federal Hypothetical Tax Liability, in order to prevent double counting, that state and local income and franchise Taxes are not deductible by the Corporate Taxpayer for
U.S. federal income tax purposes. 
 “Imputed Interest” in respect of a TRA Party means any interest imputed under
Section 1272, 1274 or 483 or other provision of the Code with respect to the Corporate Taxpayer’s payment obligations in respect of such TRA Party under this Agreement. 

“Interest Amount” is defined in Section 3.1(b) of this Agreement. 

“IPO” means the initial public offering of Class A Shares by the Corporate Taxpayer. 

“IPO Date” means the closing date of the IPO. 

“IRS” means the U.S. Internal Revenue Service. 

“LIBOR” means during any period, the rate which appears on the Bloomberg Page BBAM1 (or on such other substitute Bloomberg
page that displays rates at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market or such other commercially available source providing quotations of such rates as may be designated by Corporate Taxpayer from
time to time), or the rate which is quoted by another source selected by the Corporate Taxpayer as an authorized information vendor for the purpose of displaying rates at which U.S. dollar deposits are offered by leading banks in the London
interbank deposit market (an “Alternate Source”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the first day of such period as the London interbank offered rate for U.S. dollars having a borrowing
date and a maturity comparable to such period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any LIBOR Alternate Source, a comparable replacement rate determined by the Corporate
Taxpayer and the TRA Party Representative at such time, which determination shall be conclusive absent manifest error); provided that at no time shall LIBOR be less than 0%. If the Corporate Taxpayer has made the determination (such
determination to be conclusive absent manifest error) that (i) LIBOR is no longer a widely recognized benchmark rate for newly originated loans in the U.S. loan market in U.S. dollars or (ii) the applicable supervisor or administrator (if
any) of LIBOR 

  
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has made a public statement identifying a specific date after which LIBOR shall no longer be used for determining interest rates for loans in the U.S. loan market in U.S. dollars, then the
Corporate Taxpayer and the TRA Party Representative shall (as determined by the Corporate Taxpayer and the TRA Party Representative to be consistent with market practice generally), establish a replacement interest rate (the “Replacement
Rate”), in which case, the Replacement Rate shall, subject to the next two sentences, replace LIBOR for all purposes under this Agreement. In connection with the establishment and application of the Replacement Rate, this Agreement shall be
amended solely with the consent of the Corporate Taxpayer and the TRA Party Representative, as may be necessary or appropriate, in the reasonable judgment of the Corporate Taxpayer and the TRA Party Representative, to effect the provisions of this
section. The Replacement Rate shall be applied in a manner consistent with market practice; provided that in each case, to the extent such market practice is not administratively feasible for the Corporate Taxpayer, such Replacement Rate
shall be applied as otherwise reasonably determined by the Corporate Taxpayer and the TRA Party Representative. 
 “LLC
Agreement” means the Amended and Restated Limited Liability Company Agreement of OpCo, dated on or about the date hereof, as such agreement may be further amended, restated, supplemented and/or otherwise modified from time to time. 

“Market Value” shall mean the closing price of the Class A Shares on the applicable Exchange Date on the national
securities exchange or interdealer quotation system on which such Class A Shares are then traded or listed, as reported by the Wall Street Journal; provided that if the closing price is not reported by the Wall Street Journal for the
applicable Exchange Date, then the Market Value shall mean the closing price of the Class A Shares on the Business Day immediately preceding such Exchange Date on the national securities exchange or interdealer quotation system on which such
Class A Shares are then traded or listed, as reported by the Wall Street Journal; provided, further, that if the Class A Shares are not then listed on a national securities exchange or interdealer quotation system,
“Market Value” shall mean the cash consideration paid for Class A Shares, or the fair market value of the other property delivered for Class A Shares, as determined by the Board in good faith. Notwithstanding anything to the
contrary in the above sentence, to the extent property is exchanged for cash in a transaction, the Market Value shall be determined by reference to the amount of cash transferred in such transaction. 

“Master Reorganization Agreement” means the Master Reorganization Agreement, dated on or about the date hereof, by and among
the Corporate Taxpayer, OpCo and certain other parties thereto. 
 “Net Tax Benefit” is defined in
Section 3.1(b) of this Agreement. 
 “Objection Notice” is defined in Section 2.3(a) of this
Agreement. 
 “OpCo” is defined in the Recitals to this Agreement. 

“Permitted Investors” means, individually or collectively, any investment fund, co-investment vehicles and/or other similar
vehicles or accounts, in each case managed by an Affiliate of The Blackstone Group L.P., or any of their respective successors. 

  
 7 

 “Person” means any individual, corporation, firm, partnership, joint
venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity. 

“Pre-Exchange Transfer” means any transfer (including upon the death of a member) or distribution in respect of one or more
Units (a) that occurs prior to an Exchange of such Units, and (b) to which Section 734(b) or 743(b) of the Code applies. 

“Pre-IPO Covered Tax Assets” means, with respect to a Reorganization TRA Party, (a) any net operating loss
carryforwards, disallowed interest expense carryforwards under Section 163(j) of the Code, or tax credit carryforwards, in each case relating to taxable periods ending on or prior to the IPO Date, attributable to the Blocker Entity previously
owned by such Reorganization TRA Party that are available to offset income or gain of the Corporate Taxpayer in periods (or portions thereof) beginning after the IPO Date and (b) Imputed Interest. For the avoidance of doubt, Pre-IPO Covered Tax
Assets shall include any carryforwards, carrybacks or similar attributes that are attributable to the Tax items described in clause (b). 

“Realized Tax Benefit” means, for a Taxable Year, the excess, if any, of the Hypothetical Tax Liability over the Actual Tax
Liability. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit
unless and until there has been a Determination. 
 “Realized Tax Detriment” means, for a Taxable Year, the excess, if any,
of the Actual Tax Liability over the Hypothetical Tax Liability. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be
included in determining the Realized Tax Detriment unless and until there has been a Determination. 
 “Reconciliation
Dispute” is defined in Section 7.9 of this Agreement. 
 “Reconciliation Procedures” is defined in
Section 2.3(a) of this Agreement. 
 “Reference Asset” means any tangible or intangible asset that is held by
OpCo or any of its successors or assigns, and any asset held by any entities in which OpCo owns a direct or indirect equity interest that are treated as a partnership or disregarded entity (but only to the extent such entities are held through other
entities that are treated as partnerships or disregarded entities) for purposes of the applicable Tax, as of the relevant date. A Reference Asset also includes any asset that is “substituted basis property” under Section 7701(a)(42)
of the Code with respect to a Reference Asset. 
 “Reorganization” is defined in the Recitals to this Agreement. 

“Reorganization TRA Parties” means the persons listed on Annex B. 

“Schedule” means any of the following: (a) an Attribute Schedule; (b) a Tax Benefit Schedule; or (c) the Early
Termination Schedule. 

  
 8 

 “Senior Obligations” is defined in Section 5.1 of this
Agreement. 
 “Subsequently Acquired TRA Attributes” means, except as otherwise determined by the Board (with the approval
of the TRA Party Representative), any net operating losses, tax basis or other tax attributes to which any of the Corporate Taxpayer, OpCo or any entity in which they hold a direct or indirect equity interest become entitled as a result of a
transaction (other than any Exchanges undertaken by an Exchange TRA Party) after the IPO Date, to the extent such net operating losses, tax basis and other tax attributes are subject to a tax receivable agreement (or comparable agreement) entered
into after the date hereof by the Corporate Taxpayer or any of its Controlled Affiliates pursuant to which any member forming part of the Corporate Taxpayer is obligated to pay over amounts with respect to tax benefits resulting from such net
operating losses, tax basis or other tax attributes. 
 “Subsidiaries” means, with respect to any Person, as of any date of
determination, any other Person as to which such Person, owns, directly or indirectly, or otherwise controls more than 50% of the voting power or other similar interests or the sole general partner interest or managing member or similar interest of
such Person. 
 “Tax Benefit Payment” is defined in Section 3.1(b) of this Agreement. 

“Tax Benefit Schedule” is defined in Section 2.2(a) of this Agreement. 

“Tax Return” means any return, declaration, report or similar statement required to be filed with respect to Taxes (including
any attached schedules), including, without limitation, any information return, claim for refund, amended return and declaration of estimated Tax. 

“Taxable Year” means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable
sections of U.S. state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than twelve (12) months for which a Tax Return is made), ending on or after the IPO Date. 

“Taxes” means any and all U.S. federal, state or local taxes, assessments or similar charges that are based on or measured
with respect to net income or profits (including alternative minimum taxes and any franchise taxes imposed in lieu of an income tax), and any interest related to such Tax. 

“Taxing Authority” shall mean any domestic, federal, national, state, county or municipal or other local government, any
subdivision, agency, commission or authority thereof, or any quasi-governmental body exercising any taxing authority or any other authority exercising Tax regulatory authority. 

“TRA Parties” means the Exchange TRA Parties and the Reorganization TRA Parties. 

“TRA Party Representative” means, initially, Vine Investment LLC, and thereafter, that TRA Party or committee of TRA Parties
determined from time to time by a plurality vote of the TRA Parties ratably in accordance with their right to receive Early Termination Payments hereunder. 

  
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 “Treasury Regulations” means the final, temporary and (to the extent they
can be relied upon) proposed regulations under the Code promulgated from time to time (including corresponding provisions and succeeding provisions) as in effect for the relevant taxable period. 

“Units” is defined in the Recitals of this Agreement. 

“Valuation Assumptions” shall mean, as of an Early Termination Date, the assumptions that (a) in each Taxable Year
ending on or after such Early Termination Date, the Corporate Taxpayer will have taxable income sufficient to fully use the Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets (other than any such Pre-IPO Covered Tax Assets or Exchange
Covered Tax Assets that constitute or have resulted in net operating losses, disallowed interest expense carryforwards, or credit carryforwards or carryovers (determined as of the Early Termination Date), which shall be governed by clause
(d) below) during such Taxable Year or future Taxable Years in which such deductions or other attributes would become available; (b) the U.S. federal income tax rates that will be in effect for each such Taxable Year will be those
specified for each such Taxable Year by the Code and other law as in effect on the Early Termination Date, except to the extent any change to such tax rates for such Taxable Year have already been enacted into law; (c) the tax rate for U.S.
state and local income taxes shall be the Assumed State and Local Tax Rate as in effect for the Taxable Year of the Early Termination Date; (d) any net operating loss, disallowed interest expense, or credit carryovers or carrybacks (or similar
items with respect to carryovers or carrybacks) that constitute or that were generated by any Pre-IPO Covered Tax Asset or Exchange Covered Tax Asset and available as of the Early Termination Date will be used by the Corporate Taxpayer ratably over
a period beginning on the Early Termination Date and ending on the earlier of (i) five years following the Early Termination Date or (ii) the scheduled expiration date, if any, under applicable Tax law of such net operating losses,
disallowed interest expense, or credit carryovers or carrybacks (or similar items with respect to carryovers or carrybacks); provided that if the Corporate Taxpayer is prevented from fully using any net operating loss, disallowed interest
expense, or credit carryover pursuant to Section 382 or Section 383 of the Code, the amount used for purposes of this provision shall not exceed the amount that would otherwise be utilized under Section 382 or Section 383 of the
Code and the five year period described clause (d)(i) shall be proportionately increased to reflect such limit; (e) any non-amortizable Reference Assets (other than equity interests in Subsidiaries that are treated as corporations for U.S.
federal income tax purposes) will be disposed of in a fully taxable transaction on the fifteenth anniversary of the applicable Exchange (in the case of Exchange Covered Tax Assets) or the IPO Date (in the case of Pre-IPO Covered Tax Assets) and any
cash equivalents will be disposed of twelve (12) months following the Early Termination Date; provided that, in the event of a Change of Control that includes a taxable sale of such Reference Asset (or the sale of all of the equity
interests in a partnership or disregarded entity for U.S. federal income tax purposes that directly or indirectly owns such Reference Asset), such non-amortizable Reference Asset shall be deemed disposed of at the time of the direct or indirect sale
of the relevant Reference Asset in such Change of Control (if earlier than such fifteenth anniversary) for the applicable purchase price; (f) if, on the Early Termination Date, any Exchange TRA Party has Units that have not been Exchanged, then
such Units shall be deemed to be Exchanged for the Market Value that would be received by such Exchange TRA Party if such Units had been Exchanged on the Early Termination Date, and such Exchange TRA Party shall be deemed to receive the amount of
cash such Exchange TRA Party would have been entitled to pursuant to Section 4.3(a) had such Units actually been Exchanged on the Early 

  
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Termination Date; (g) any payment obligations pursuant to this Agreement will be satisfied on the date that any Tax Return to which such payment obligation relates is required to be filed
excluding any extensions; and (h) for purposes of calculating depletion deductions and resulting reductions in adjusted tax basis with respect to depletable properties held by OpCo and its Subsidiaries that are treated as disregarded entities
or partnerships for U.S. federal tax purposes, (i) the remaining recoverable reserves with respect to each such property are equal to the recoverable reserves estimated in the most recent reserve report relating to such property (or, if there
is no reserve report with respect to such property, the most recent estimate of recoverable reserves with respect to such property which is reflected in the financial records of OpCo) and (ii) OpCo (or such Subsidiaries) will recover the
remaining recoverable reserves with respect to each such depletable property within the time estimated and at the rate reflected in the most recent reserve reports relating to such property (or, if there is no reserve report with respect to such
property, the most recent estimate of the rate of recovery of recoverable reserves with respect to such property which is reflected in the financial records of OpCo). 

ARTICLE II 

DETERMINATION OF REALIZED TAX BENEFIT 

Section 2.1 Attribute Schedule. Within ninety (90) calendar days after the filing of the IRS Form 1120 (or any
successor form) of the Corporate Taxpayer for each relevant Taxable Year, the Corporate Taxpayer shall deliver to the TRA Party Representative a schedule (the “Attribute Schedule”) that shows, in reasonable detail necessary to
perform the calculations required by this Agreement (a) the Pre-IPO Covered Tax Assets that are available for use by the Corporate Taxpayer with respect to each Reorganization TRA Party with respect to such Taxable Year and the portion of the
Pre-IPO Covered Tax Assets that are available for use by the Corporate Taxpayer in future Taxable Years with respect to each Reorganization TRA Party and (b) the Exchange Covered Tax Assets that are available for use by the Corporate Taxpayer
with respect to such Taxable Year with respect to each Exchange TRA Party that has effected an Exchange (including the Basis Adjustments with respect to the Reference Assets resulting from Exchanges effected in such Taxable Year and the periods over
which such Basis Adjustments are amortizable or depreciable) and the portion of the Exchange Covered Tax Assets that are available for use by the Corporate Taxpayer in future Taxable Years with respect to each Exchange TRA Party that has effected an
Exchange. The Attribute Schedule shall also list any limitations on the ability of the Corporate Taxpayer to utilize any Pre-IPO Covered Tax Assets or Exchange Covered Tax Assets under applicable law (including as a result of the operation of
Section 382 of the Code or Section 383 of the Code). 
 Section 2.2 Tax Benefit Schedule. 

(a) Tax Benefit Schedule. Within ninety (90) calendar days after the filing of the IRS Form 1120 (or any successor form) of the
Corporate Taxpayer for any relevant Taxable Year, the Corporate Taxpayer shall provide to the TRA Party Representative a schedule showing, in reasonable detail, the calculation of the Tax Benefit Payment in respect of each TRA Party for such Taxable
Year and the calculation of the Realized Tax Benefit or a Realized Tax Detriment and the components thereof for such Taxable Year (a “Tax Benefit Schedule”). Each Tax Benefit Schedule will become final as provided in
Section 2.3(a) and may be amended as provided in Section 2.3(b) (subject to the procedures set forth in Section 2.3(b)). 

  
 11 

 (b) Applicable Principles. For purposes of calculating the Realized Tax Benefit or
Realized Tax Detriment for any period, carryovers or carrybacks of any Tax item attributable to the Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets shall be considered to be subject to the rules of the Code and the Treasury Regulations or
the appropriate provisions of U.S. state and local income and franchise tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any Tax item includes a
portion that is attributable to a Pre-IPO Covered Tax Asset or an Exchange Covered Tax Asset and another portion that is not, such portions shall be considered to be used in accordance with a “with and without” methodology. 

Section 2.3 Procedures, Amendments. 

(a) Procedure. Every time the Corporate Taxpayer delivers to the TRA Party Representative an applicable Schedule under this Agreement,
including any Amended Schedule delivered pursuant to Section 2.3(b) and any Early Termination Schedule or amended Early Termination Schedule, the Corporate Taxpayer shall also (i) deliver to the TRA Party Representative supporting
schedules, valuation reports (if any), and work papers, as determined by the Corporate Taxpayer or as reasonably requested by the TRA Party Representative, providing reasonable detail regarding data and calculations that were relevant for purposes
of preparing the Schedule and (ii) allow the TRA Party Representative reasonable access at no cost to the appropriate representatives at the Corporate Taxpayer, as determined by the Corporate Taxpayer or as reasonably requested by the TRA Party
Representative, in connection with a review of such Schedule. Without limiting the generality of the preceding sentence, the Corporate Taxpayer shall ensure that any Tax Benefit Schedule that is delivered to the TRA Party Representative, along with
any supporting schedules and work papers, provides a reasonably detailed presentation of the calculation of the Actual Tax Liability and the Hypothetical Tax Liability and identifies any material assumptions or operating procedures or principles
that were used for purposes of such calculations. An applicable Schedule or amendment thereto shall become final and binding on all parties thirty (30) calendar days from the first date on which the TRA Party Representative received the
applicable Schedule or amendment thereto under Section 7.1 unless the TRA Party Representative (i) within thirty (30) calendar days from such date provides the Corporate Taxpayer with notice of objection to such Schedule
(“Objection Notice”) made in good faith or (ii) provides a written waiver of such right of any Objection Notice within the period described in clause (i) above, in which case such Schedule or amendment thereto
becomes binding on the date the waiver is received by the Corporate Taxpayer. If the Corporate Taxpayer and the TRA Party Representative, for any reason, are unable to successfully resolve the issues raised in the Objection Notice within thirty
(30) calendar days after receipt by the Corporate Taxpayer of an Objection Notice, the Corporate Taxpayer and the TRA Party Representative shall employ the reconciliation procedures as described in Section 7.9 of this Agreement (the
“Reconciliation Procedures”). 
 (b) Amended Schedule. The applicable Schedule for any Taxable Year may be amended
from time to time by the Corporate Taxpayer (i) in connection with a Determination affecting such Schedule, (ii) to correct inaccuracies in the Schedule identified as a result of the receipt of additional factual information relating to a
Taxable Year after the date the Schedule was provided to the TRA Party Representative, (iii) to comply with the Expert’s determination under the Reconciliation Procedures, (iv) to reflect a change in the Realized Tax Benefit or

  
 12 

 
Realized Tax Detriment for such Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Taxable Year, or (v) to reflect a change in the Realized Tax
Benefit or Realized Tax Detriment for such Taxable Year attributable to an amended Tax Return filed for such Taxable Year (any such Schedule, an “Amended Schedule”). The Corporate Taxpayer shall provide an Amended Schedule to the
TRA Party Representative within sixty (60) calendar days of the occurrence of an event referenced in clauses (i) through (v) of the preceding sentence. 

ARTICLE III 
 TAX
BENEFIT PAYMENTS 
 Section 3.1 Payments. 

(a) Payments. Within five (5) calendar days after a Tax Benefit Schedule delivered to the TRA Party Representative becomes final in
accordance with Section 2.3(a) and Section 7.9, if applicable, the Corporate Taxpayer shall pay or cause to be paid each TRA Party the Tax Benefit Payment determined pursuant to Section 3.1(b) that is Attributable
to such relevant TRA Party. Each such Tax Benefit Payment shall be made by wire transfer of immediately available funds to the bank account previously designated by such TRA Party to the Corporate Taxpayer or as otherwise agreed by the
Corporate Taxpayer and such TRA Party. For the avoidance of doubt, (i) no Tax Benefit Payment shall be made in respect of estimated tax payments, including, without limitation, U.S. federal estimated income tax payments, and (ii) the
payments provided for pursuant to the above sentence shall be computed separately for each TRA Party. Notwithstanding anything to the contrary in this Agreement, with respect to each Exchange by or with respect to any Exchange TRA Party, if such
Exchange TRA Party notifies the Corporate Taxpayer in writing of a stated maximum selling price (within the meaning of Treasury Regulations Section 15A.453-1(c)(2)), then the amount of the consideration received in connection with such Exchange
and the aggregate Tax Benefit Payments to such Exchange TRA Party in respect of such Exchange (other than amounts accounted for as interest under the Code) shall not exceed such stated maximum selling price. 

(b) A “Tax Benefit Payment” in respect of a TRA Party for a Taxable Year means an amount, not less than zero, equal to the sum
of the portion of the Net Tax Benefit that is Attributable to such TRA Party and the Interest Amount with respect thereto. A Net Tax Benefit is “Attributable” to a Reorganization TRA Party to the extent that it is derived from a
Pre-IPO Covered Tax Asset with respect to the Blocker Entity that was previously owned by such Reorganization TRA Party or its respective transferor or successor. A Net Tax Benefit is “Attributable” to an Exchange TRA Party to the
extent that is derived from an Exchange Covered Tax Asset with respect to Units that were Exchanged by such Exchange TRA Party. For the avoidance of doubt, for Tax purposes, the Interest Amount shall not be treated as interest but instead shall be
treated as additional consideration for the acquisition of Units in Exchanges, unless otherwise required by law. Subject to Section 3.3(a), the “Net Tax Benefit” for a Taxable Year shall be an amount equal to the excess,
if any, of 85% of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year, over the total amount of payments previously made under the first sentence of Section 3.1(a) (excluding payments attributable to Interest
Amounts); provided that, for the avoidance of doubt, no such recipient shall be required to return any portion of any previously made Tax Benefit Payment. The “Interest Amount” in respect of a

  
 13 

 
TRA Party shall equal the interest on the Net Tax Benefit calculated at the Agreed Rate from the due date (without extensions) for filing the IRS Form 1120 (or any successor form) of the
Corporate Taxpayer with respect to Taxes for such Taxable Year until the payment date under Section 3.1(a). 

Section 3.2 No Duplicative Payments. It is intended that the provisions of this Agreement will not result in
duplicative payment of any amount (including interest) required under this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to ensure such intentions are realized. 

Section 3.3 Pro Rata Payments. 

(a) Notwithstanding anything in Section 3.1 to the contrary, to the extent that the aggregate Tax benefit of the Corporate Taxpayer
from the reduction in actual Tax liability as a result of the Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets is limited in a particular Taxable Year because the Corporate Taxpayer does not have sufficient taxable income to fully utilize
available deductions and other attributes, the Net Tax Benefit for the Corporate Taxpayer shall be allocated among the TRA Parties in proportion to the respective amounts of Tax Benefit Payments that would have been paid to each TRA Party under this
Agreement if the Corporate Taxpayer had sufficient taxable income so that there were no such limitation; provided that, for the avoidance of doubt, for purposes of allocating among the TRA Parties the aggregate Tax Benefit Payments payable
under this Agreement with respect to any Taxable Year, the operation of this Section 3.3(a) with respect to any prior Taxable Years shall be taken into account. Consistent with the foregoing, the Attribute Schedule for a given Taxable
Year shall reflect the operation of this Section 3.3(a) in respect of previous Taxable Years, with the Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets described in such Attribute Schedule that are attributable to a TRA Party
being adjusted to reflect payments received in respect of such Pre-IPO Covered Tax Assets and Exchange Covered Tax Assets (the intention of the parties being to avoid duplicative payments and maintain records sufficient to allow the Corporate
Taxpayer to allocate Tax Benefit Payments consistent with the terms of this Section 3.3(a)). 
 (b) After taking into account
Section 3.3(a), if for any reason the Corporate Taxpayer does not fully satisfy its payment obligations to make all Tax Benefit Payments due under this Agreement in respect of a particular Taxable Year (for example, as a result of having
insufficient cash to make the Tax Benefit Payments due hereunder), then the Corporate Taxpayer and the TRA Parties agree that (i) the Corporate Taxpayer shall make payments due hereunder to the TRA Parties in respect of a Taxable Year in the
same proportion as such payments would have been made if the relevant payment had been made in full by the Corporate Taxpayer and (ii) no Tax Benefit Payment shall be made in respect of any Taxable Year until all Tax Benefit Payments in respect
of prior Taxable Years have been made in full. 

  
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 ARTICLE IV 

TERMINATION 
 Section 4.1
Early Termination of Agreement; Breach of Agreement. 
 (a) The Corporate Taxpayer may terminate this Agreement with
respect to all amounts payable to the TRA Parties and with respect to all of the Units held by the TRA Parties at any time by paying to each TRA Party the Early Termination Payment in respect of such TRA Party; provided, however, that
this Agreement shall only terminate upon the full payment of the Early Termination Payment to all TRA Parties as set forth in Section 4.3(a); provided, further, that the Corporate Taxpayer may withdraw any notice to execute its
termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has been paid. Upon full payment of the Early Termination Payment by the Corporate Taxpayer to all TRA Parties, none of the TRA
Parties or the Corporate Taxpayer shall have any further payment rights or obligations under this Agreement. If an Exchange occurs after the Corporate Taxpayer makes all of the required Early Termination Payments, the Corporate Taxpayer shall
have no obligations under this Agreement with respect to such Exchange. 
 (b) In the event that the Corporate Taxpayer (i) breaches any
of its material obligations under this Agreement, whether as a result of failure to make any payment within three (3) months of the date when due, failure to honor any other material obligation required hereunder or by operation of law as a
result of the rejection of this Agreement in a case commenced under the Bankruptcy Code or otherwise or (ii) (A) shall commence any case, proceeding or other action (1) under any existing or future law of any jurisdiction, domestic or
foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement,
adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts or (2) seeking an appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or it shall make a general assignment for the benefit of creditors or (B) there shall be commenced against Corporate Taxpayer any case, proceeding or other action of the nature referred to in clause
(A) above that remains undismissed or undischarged for a period of sixty (60) calendar days, all obligations hereunder shall be automatically accelerated and shall be immediately due and payable, and such obligations shall be
calculated as if an Early Termination Notice had been delivered on the date of such breach. Procedures similar to the procedures of Section 4.2 shall apply, mutatis mutandis, with respect to the determination of the amount payable by the
Corporate Taxpayer pursuant to this Section 4.1(b). Notwithstanding the foregoing, in the event that the Corporate Taxpayer breaches this Agreement, the TRA Party Representative shall be entitled to elect jointly on behalf of all
TRA Parties for such TRA Parties to receive the amounts referred to in this Section 4.1(b) or to seek specific performance of the terms under this Agreement. The parties agree that the failure to make any payment due pursuant to
this Agreement within three (3) months of the date such payment is due shall be deemed to be a breach of a material obligation under this Agreement for all purposes of this Agreement, and that it will not be considered to be a breach of a
material obligation under this Agreement to make a payment due pursuant to this Agreement within three (3) months of the date such payment is due. Notwithstanding anything in this Agreement to the contrary, it shall not be a breach of a
material obligation under this Agreement if the Corporate Taxpayer fails to make any Tax Benefit Payment when due to the extent that the Corporate Taxpayer has insufficient funds to make such payment despite using commercially reasonable efforts to
obtain funds to make such payment; provided that (i) the interest provisions of Section 5.2 shall apply to such late payment and (ii) solely with respect to a Tax Benefit Payment, if the Corporate Taxpayer does not have
sufficient cash to make such payment as a result of limitations imposed by any credit agreements to which OpCo or any of its Subsidiaries is a party, Section 5.2 shall apply, but the Default Rate shall be replaced by the Agreed Rate.

  
 15 

 (c) In the event of a Change of Control, all obligations hereunder shall be accelerated and
such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of such Change of Control. Procedures similar to the procedures of Section 4.2 shall apply, mutatis mutandis, with respect to the
determination of the amount payable by the Corporate Taxpayer pursuant to this Section 4.1(c). 
 Section 4.2
Early Termination Notice. If the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1(a) above, the Corporate Taxpayer shall deliver to the TRA Party Representative notice of
such intention to exercise such right (“Early Termination Notice”). In addition, if the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1(a) above, or the obligations under this
Agreement are accelerated under Section 4.1(b) or Section 4.1(c) above, the Corporate Taxpayer shall deliver to the TRA Party Representative a schedule (the “Early Termination Schedule”) showing in reasonable
detail the calculation of the Early Termination Payment due to each TRA Party. Such Early Termination Schedule shall become final and binding on all parties consistent with the procedures described in Section 2.3(a). 

Section 4.3 Payment upon Early Termination. 

(a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1(a), within three (3) calendar days after
an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to the
bank account previously designated by the TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party. 
 (b) The
“Early Termination Payment” in respect of a TRA Party shall equal, without duplication, (i) the present value, discounted at the Early Termination Rate as of the applicable Early Termination Effective Date, of all Tax Benefit
Payments in respect of such TRA Party that would be required to be paid by the Corporate Taxpayer beginning from the Early Termination Date and assuming that the Valuation Assumptions in respect of such TRA Party are applied, plus (ii) any Tax
Benefit Payment due and payable with respect to such TRA Party that is unpaid as of the date of the Early Termination Notice, plus (iii) any Tax Benefit Payment not yet due and payable with respect to such TRA Party for a Taxable Year ending
prior to the date of the Early Termination Notice, plus (iv) any interest accruing on the amounts described in clauses (i) through (iii) (which shall include interest accruing on the amount described in clause
(i) from the date of the Early Termination Notice). For the avoidance of doubt, no TRA Party shall be required to return any portion of any previously received Early Termination Payment in the event of a later determination occurring after
the date on which such Early Termination Payment was made. 

  
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 ARTICLE V 

SUBORDINATION AND LATE PAYMENTS 

Section 5.1 Subordination. Notwithstanding any other provision of this Agreement to the contrary, any Tax
Benefit Payment or Early Termination Payment required to be made by the Corporate Taxpayer to the TRA Parties under this Agreement shall rank subordinate and junior in right of payment to any principal, interest or other amounts due and payable in
respect of any obligations in respect of indebtedness for borrowed money of the Corporate Taxpayer and its Subsidiaries (“Senior Obligations”) and shall rank pari passu in right of payment with all current or future unsecured
obligations of the Corporate Taxpayer that are not Senior Obligations. To the extent that any payment under this Agreement is not permitted to be made at the time payment is due as a result of this Section 5.1 and the terms of agreements
governing Senior Obligations, such payment obligation nevertheless shall accrue for the benefit of TRA Parties and the Corporate Taxpayer shall make such payments at the first opportunity that such payments are permitted to be made in accordance
with the terms of the Senior Obligations. Payments under any tax receivable agreement (or similar agreement) entered into by the Corporate Taxpayer, OpCo or their Subsidiaries after the date hereof shall be subordinate to all payments owed
pursuant to this Agreement, and no such payments shall be made for so long as the Corporate Taxpayer has any unpaid obligation pursuant this Agreement. 

Section 5.2 Late Payments by the Corporate Taxpayer. The amount of all or any portion of any Tax Benefit Payment,
Early Termination Payment or other payment not made to the TRA Parties when due under the terms of this Agreement, whether as a result of Section 5.1 or otherwise, shall be payable together with any interest thereon, computed at the
Default Rate (or, if so provided in Section 4.1(b), at the Agreed Rate) and commencing from the date on which such Tax Benefit Payment or Early Termination Payment was first due and payable to the date of actual payment. 

ARTICLE VI 
 NO
DISPUTES; CONSISTENCY; COOPERATION 
 Section 6.1 Participation in the Corporate Taxpayer’s and OpCo’s
Tax Matters. Except as otherwise provided herein and the LLC Agreement, the Corporate Taxpayer shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporate Taxpayer and OpCo, including without
limitation the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, the Corporate Taxpayer shall notify the TRA Party Representative of, and keep the
TRA Party Representative reasonably informed with respect to, the portion of any audit of the Corporate Taxpayer and OpCo by a Taxing Authority the outcome of which is reasonably expected to materially affect the rights and obligations of a TRA
Party under this Agreement, and shall provide to the TRA Party Representative reasonable opportunity to provide information and other input to the Corporate Taxpayer, OpCo and their respective advisors concerning the conduct of any such portion of
such audit, which information and other input the Corporate Taxpayer and OpCo, as applicable, shall consider in good faith. 

  
 17 

 Section 6.2 Consistency. The Corporate Taxpayer and the TRA
Parties agree to report and cause to be reported for all purposes, including U.S. federal, state and local tax purposes and financial reporting purposes, all Tax-related items (including, without limitation, the Basis Adjustments and each Tax
Benefit Payment) in a manner consistent with that contemplated by this Agreement or specified by the Corporate Taxpayer in any Schedule required to be provided by or on behalf of the Corporate Taxpayer under this Agreement unless otherwise required
by law. The Corporate Taxpayer shall (and shall cause OpCo and its other Subsidiaries to) use reasonable efforts (for the avoidance of doubt, taking into account the interests and entitlements of all TRA Parties under this Agreement) to defend the
Tax treatment contemplated by this Agreement and any Schedule in any audit, contest or similar proceeding with any Taxing Authority. 

Section 6.3 Cooperation. Each of the Corporate Taxpayer, OpCo and the TRA Parties shall (a) furnish to the
other parties in a timely manner such information, documents and other materials as the other party may reasonably request for purposes of making any determination or computation necessary or appropriate under this Agreement, preparing any Tax
Return or defending any audit, examination or controversy with any Taxing Authority, (b) make itself reasonably available to the other parties and their respective representatives to provide explanations of documents and material and such other
information as the other party or its representatives may reasonably request in connection with any of the matters described in clause (a) above, and (c) reasonably cooperate in connection with any such matter, and the Corporate Taxpayer
shall reimburse each TRA Party for any reasonable third-party costs and expenses incurred by such TRA Party pursuant to this Section 6.3 at the request of the Corporate Taxpayer or OpCo. 

ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing
and shall be deemed duly given and received (a) on the date of delivery if delivered personally, or by fax or email with confirmation of transmission by the transmitting equipment or (b) on the first Business Day following the date of
dispatch if delivered by a recognized next-day courier service. All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: 

If to the Corporate Taxpayer, to: 

Vine Energy Inc. 
 5800 Granite
Parkway, Suite 550 
 Plano, Texas 75024 

Attention: Eric Marsh, Chief Executive Officer 

Fax:        (877) 992-0118 

Email:     eric.marsh@vineoil.com 

With a required copy to: 
 The
Blackstone Group L.P. 
 345 Park Avenue, Suite 3300 

  
 18 

 
New York, New York 10154 
 Attention: Angelo Acconcia 

Fax:         (212) 201-2874 

Email:     acconcia@blackstone.com 

and 
 Kirkland & Ellis
LLP 
 609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey 

Michael W. Rigdon 
 Fax:
       (713) 835-3601 
 Email:     matt.pacey@kirkland.com 

                michael.rigdon@kirkland.com 

If to the TRA Party Representative: 

Vine Investment LLC 
 5800
Granite Parkway, Suite 550 
 Plano, Texas 75024 

Attention: Eric Marsh, CEO 

Facsimile: (877) 992-0118 

Email: eric.marsh@vineoil.com 

With a required copy to: 

Blackstone Management Partners L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo Acconcia 

Facsimile:  (212) 201-2874 

Email:        acconcia@blackstone.com 

and 
 Kirkland & Ellis
LLP 
 609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey, P.C. 

 William J. Benitez, P.C. 

Facsimile:   (713) 835-3601 

Email:       matt.pacey@kirkland.com 

 wbenitez@kirkland.com 

  
 19 

 Any party may change its address, fax number or email by giving the other party written
notice of its new address, fax number or email in the manner set forth above. 
 Section 7.2 Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other
parties, it being understood that all parties need not sign the same counterpart. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement. 
 Section 7.3 Entire Agreement; No Third Party Beneficiaries. This Agreement
constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. This Agreement shall be binding upon and inure solely to the benefit of each
party hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of
this Agreement. 
 Section 7.4 Governing Law. This Agreement shall be governed by, and construed in
accordance with, the law of the State of New York. 
 Section 7.5 Severability. If any term or other provision of
this Agreement is invalid, illegal or incapable of being enforced by any law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the
transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent
possible. 
 Section 7.6 Successors; Assignment; Amendments; Waivers. 

(a) Each TRA Party may assign any of its rights under this Agreement to any Person as long as such transferee has executed and delivered, or,
in connection with such transfer, executes and delivers, a joinder to this Agreement, substantially in the form of Exhibit A hereto, agreeing to become a TRA Party for all purposes of this Agreement, except as otherwise provided in such
joinder. 
 (b) No provision of this Agreement may be amended unless such amendment is approved in writing by each of the Corporate Taxpayer
and by the TRA Parties who would be entitled to receive at least two-thirds of the total amount of the Early Termination Payments payable to all TRA Parties hereunder if the Corporate Taxpayer had exercised its right of early termination on the date
of the most recent Exchange prior to such amendment (excluding, for purposes of this sentence, all payments made to any TRA Party pursuant to this Agreement since the date of such most recent Exchange); provided that no such amendment shall
be effective if such amendment will have a disproportionate effect on the payments one or more TRA Parties 

  
 20 

 
receive under this Agreement unless such amendment is consented in writing by such TRA Parties disproportionately affected who would be entitled to receive at least two-thirds of the total amount
of the Early Termination Payments payable to all TRA Parties disproportionately affected hereunder if the Corporate Taxpayer had exercised its right of early termination on the date of the most recent Exchange prior to such amendment (excluding, for
purposes of this sentence, all payments made to any TRA Party pursuant to this Agreement since the date of such most recent Exchange). No provision of this Agreement may be waived unless such waiver is in writing and signed by the party against whom
the waiver is to be effective. 
 (c) All of the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of
and shall be enforceable by the parties hereto and their respective successors, assigns, heirs, executors, administrators and legal representatives. The Corporate Taxpayer shall require and cause any direct or indirect successor (whether by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Corporate Taxpayer, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent
that the Corporate Taxpayer would be required to perform if no such succession had taken place. 
 Section 7.7 Titles and
Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 

Section 7.8 Resolution of Disputes. 

(a) Any and all disputes which are not governed by Section 7.9 and cannot be settled amicably, including any ancillary claims of
any party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement (including the validity, scope and enforceability of this arbitration provision)
(each a “Dispute”) shall be finally settled by arbitration conducted by a single arbitrator in New York in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce. If the parties to the
Dispute fail to agree on the selection of an arbitrator within thirty (30) calendar days of the receipt of the request for arbitration, the International Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer admitted
to the practice of law in the State of New York and shall conduct the proceedings in the English language. Performance under this Agreement shall continue if reasonably possible during any arbitration proceedings. 

(b) Notwithstanding the provisions of paragraph (a) of this Section 7.8, the Corporate Taxpayer may bring an action or
special proceeding in any court of competent jurisdiction for the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes of
this paragraph (b), each TRA Party (i) expressly consents to the application of paragraph (c) of this Section 7.8 to any such action or proceeding, (ii) agrees that proof shall not be required that monetary
damages for breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate, and (iii) irrevocably appoints the Corporate Taxpayer as agent of such TRA Party for service of process in
connection with any such action or proceeding and agrees that service of process upon such agent, who shall promptly advise the TRA Party of any such service of process, shall be deemed in every respect effective service of process upon the TRA
Party in any such action or proceeding. 

  
 21 

 (c) EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF COURTS LOCATED IN NEW YORK,
NEW YORK FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION 7.8, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING
THIS AGREEMENT. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration award. The parties acknowledge
that the fora designated by this paragraph (c) have a reasonable relation to this Agreement, and to the parties’ relationship with one another. The parties hereby waive, to the fullest extent permitted by applicable law, any
objection which they now or hereafter may have to personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in the preceding paragraph of this Section 7.8 and such
parties agree not to plead or claim the same. 
 Section 7.9 Reconciliation. In the event that the
Corporate Taxpayer and the TRA Party Representative are unable to resolve a disagreement with respect to a Schedule (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally
recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner, principal or senior employee in a nationally recognized accounting or law firm, and unless
the Corporate Taxpayer and the TRA Party Representative agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or the TRA Party Representative or other actual
or potential conflict of interest. If the Corporate Taxpayer and the TRA Party Representative are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the
Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve any matter relating to a Schedule or an amendment thereto within (15) calendar days or as soon thereafter as is reasonably
practicable, in each case, after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the
absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer,
subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporate Taxpayer except as provided in the next sentence. The Corporate
Taxpayer and the TRA Party Representative shall bear their own costs and expenses of such proceeding, unless (a) the Expert adopts the TRA Party Representative’s position, in which case the Corporate Taxpayer shall reimburse the TRA Party
Representative for any reasonable out-of-pocket costs and expenses in such proceeding, or (b) the Expert adopts the Corporate Taxpayer’s position, in which case the TRA Party Representative shall reimburse the Corporate Taxpayer for any
reasonable out-of-pocket costs and expenses in such proceeding. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.9 shall be binding on the Corporate
Taxpayer and each of the TRA Parties and may be entered and enforced in any court having jurisdiction. 

  
 22 

 Section 7.10 Withholding. The Corporate Taxpayer shall be
entitled to deduct and withhold from any payment payable pursuant to this Agreement such amounts as the Corporate Taxpayer is required to deduct and withhold with respect to the making of such payment under the Code or any provision of U.S. state,
local or foreign tax law. To the extent that amounts are so deducted or withheld and paid over to the appropriate Taxing Authority by the Corporate Taxpayer, such deducted or withheld amounts shall be treated for all purposes of this Agreement as
having been paid to the Person in respect of whom such deduction or withholding was made. Each TRA Party shall promptly provide the Corporate Taxpayer, OpCo or other applicable withholding agent with any applicable Tax forms and certifications
(including IRS Form W-9 or the applicable version of IRS Form W-8) reasonably requested in connection with determining whether any such deductions and withholdings are required under the Code or any provision of U.S. state, local or foreign tax law.
The Corporate Taxpayer will consider in good faith any applicable certificates, forms or documentation provided by a TRA Party that in such TRA Party’s reasonable determination reduce or eliminate any such withholding. 

Section 7.11 Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets.

 (a) If the Corporate Taxpayer is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated
income tax return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit
Payments, Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole. 

(b) If the Corporate Taxpayer or any member of a group described in Section 7.11(a) transfers one or more Reference Assets to a
corporation (or a Person classified as a corporation for U.S. income tax purposes) other than a member of a group described in Section 7.11(a) (or if any entity that holds Reference Assets transfers any Reference Asset to a corporation (or a
Person classified as a corporation for U.S. federal income tax purposes) other than a member of a group described in Section 7.11(a)), such entity, for purposes of calculating the amount of any Tax Benefit Payment or Early Termination Payment
due hereunder, shall be treated as having disposed of such Reference Asset in a fully taxable transaction on the date of such transfer. The consideration deemed to be received by such entity shall be equal to the fair market value of the transferred
Reference Assets plus the amount of any debt to which such Reference Assets is subject. For purposes of this Section 7.11(b), a transfer of a partnership interest shall be treated as a transfer of the transferring partner’s share of
each of the assets and liabilities of that partnership. If any member of a group described in Section 7.11(a) that directly or indirectly owns any equity interests in OpCo ceases to be a member of such group (or the Corporate Taxpayer
deconsolidates for U.S. federal income tax purposes from that group), then, except as otherwise agreed by the TRA Party Representative, such deconsolidated members of the group shall be treated prior to deconsolidation as having disposed of their
directly or indirectly held equity of OpCo in a fully taxable transaction for consideration calculated in a manner consistent with the provisions of the preceding sentences. Notwithstanding anything to

  
 23 

 
the contrary set forth herein, if the Corporate Taxpayer, its successor in interest or any member of a group described in Section 7.11(a) transfers its assets pursuant to a
transaction described in Section 351 of the Code, pursuant to a transaction that qualifies as a “reorganization” within the meaning of Section 368(a) of the Code or pursuant to any other transaction to which Section 381(a)
of the Code applies, the transfer will not cause such entity to be treated as having transferred any assets to a corporation (or a Person classified as a corporation for U.S. federal income tax purposes) pursuant to this Section 7.11(b)
so long as the relevant successor is bound by the provisions of this Agreement. 
 Section 7.12
Confidentiality. 
 (a) Each TRA Party and each of their assignees acknowledge and agree that the information of the
Corporate Taxpayer is confidential and, except in the course of performing any duties as necessary for the Corporate Taxpayer and its Affiliates, as required by law or legal process or to enforce the terms of this Agreement, such person shall keep
and retain in the strictest confidence and not disclose to any Person any confidential matters, acquired pursuant to this Agreement, of the Corporate Taxpayer and its Affiliates and successors, concerning OpCo and its Affiliates and successors or
the members, learned by the TRA Party heretofore or hereafter. This Section 7.12 shall not apply to (i) any information that has been made publicly available by the Corporate Taxpayer or any of its Affiliates (including as a
result of public reporting obligations), becomes public knowledge (except as a result of an act of the TRA Party in violation of this Agreement) or is generally known to the business community and (ii) the disclosure of information to the
extent necessary for the TRA Party to prepare and file its Tax Returns, to respond to any inquiries regarding the same from any Taxing Authority or to prosecute or defend any action, proceeding or audit by any Taxing Authority with respect to such
returns. Notwithstanding anything to the contrary herein, each TRA Party and each of their assignees (and each employee, representative or other agent of the TRA Party or its assignees, as applicable) may disclose to any and all Persons,
without limitation of any kind, the tax treatment and tax structure of the Corporate Taxpayer, OpCo and their Affiliates, and any of their transactions, and all materials of any kind (including opinions or other tax analyses) that are provided to
the TRA Party relating to such tax treatment and tax structure. 
 (b) If a TRA Party or an assignee commits a breach, or threatens to commit
a breach, of any of the provisions of this Section 7.12, the Corporate Taxpayer shall have the right and remedy to have the provisions of this Section 7.12 specifically enforced by injunctive relief or otherwise by any court
of competent jurisdiction without the need to post any bond or other security, it being acknowledged and agreed that any such breach or threatened breach shall cause irreparable injury to the Corporate Taxpayer or any of its Subsidiaries or the TRA
Parties and the accounts and funds managed by the Corporate Taxpayer and that money damages alone shall not provide an adequate remedy to such Persons. Such rights and remedies shall be in addition to, and not in lieu of, any other rights and
remedies available at law or in equity. 
 Section 7.13 Change in Law. Notwithstanding anything herein to
the contrary, if, in connection with an actual or proposed change in law, an Exchange TRA Party reasonably believes that the existence of this Agreement could have material adverse tax consequences to such Exchange TRA Party or any direct or
indirect owner of such Exchange TRA Party, then at the written election of such Exchange TRA Party at its sole discretion and to the extent specified 

  
 24 

 
therein by such Exchange TRA Party, this Agreement (a) shall cease to have further effect with respect to such Exchange TRA Party, (b) shall not apply to an Exchange by such Exchange
TRA Party occurring after a date specified by such Exchange TRA Party, or (c) shall otherwise be amended in a manner determined by such Exchange TRA Party; provided that such amendment shall not result in an increase in or acceleration
of payments under this Agreement at any time as compared to the amounts and times of payments that would have been due in the absence of such amendment. 

Section 7.14 Tax Characterization and Elections. The parties intend that (a) each Exchange shall give
rise to Basis Adjustments, (b) payments pursuant to this Agreement with respect to an Exchange (except with respect to amounts that constitute Imputed Interest) shall be treated as consideration in respect of such Exchange that give rise to
additional Basis Adjustments, and (c) the rights received pursuant to this Agreement by the Reorganization TRA Parties and (without duplication) Tax Benefit Payments (excluding any amount that constitutes Imputed Interest thereon) made in
respect of a Pre-IPO Covered Tax Asset will be treated as other property or money described in Section 351(b) of the Code received in the Reorganization, and the parties will not take any position on a tax return, audit, examination or other
proceeding inconsistent with any of the intended tax treatment described in this Section 7.14 except upon an applicable contrary final Determination. The Corporate Taxpayer will ensure that, on and after the date hereof and continuing through
the term of this Agreement, OpCo and each of its direct and indirect subsidiaries that it controls and that is treated as a partnership for U.S. federal income tax purposes will have in effect an election under Section 754 of the Code. 

Section 7.15 TRA Party Representative. By executing this Agreement, each of the TRA Parties shall be deemed
to have irrevocably constituted the TRA Party Representative as his, her or its agent and attorney in fact with full power of substitution to act from and after the date hereof and to do any and all things and execute any and all documents on behalf
of such TRA Parties which may be necessary, convenient or appropriate to facilitate any matters under this Agreement, including but not limited to: (a) execution of the documents and certificates required pursuant to this Agreement;
(b) except to the extent specifically provided in this Agreement, receipt and forwarding of notices and communications pursuant to this Agreement; (c) administration of the provisions of this Agreement; (d) any and all consents,
waivers, amendments or modifications deemed by the TRA Party Representative, in its sole and absolute discretion, to be necessary or appropriate under this Agreement and the execution or delivery of any documents that may be necessary or appropriate
in connection therewith; (e) amending this Agreement or any of the instruments to be delivered to the Corporate Taxpayer pursuant to this Agreement; (f) taking actions the TRA Party Representative is expressly authorized to take pursuant
to the other provisions of this Agreement; (g) negotiating and compromising, on behalf of such TRA Parties, any dispute that may arise under, and exercising or refraining from exercising any remedies available under, this Agreement or any other
agreement contemplated hereby and executing, on behalf of such TRA Parties, any settlement agreement, release or other document with respect to such dispute or remedy; and (h) engaging attorneys, accountants, agents or consultants on behalf of
such TRA Parties in connection with this Agreement or any other agreement contemplated hereby and paying any fees related thereto. The TRA Party Representative may resign upon thirty (30) calendar days’ written notice to the Corporate
Taxpayer. All reasonable, documented out-of-pocket costs and expenses incurred by the TRA Party Representative in its capacity as such shall be promptly reimbursed by the Corporate 

  
 25 

 
Taxpayer upon invoice and reasonable support therefor by the TRA Party Representative. To the fullest extent permitted by law, none of the TRA Party Representative, any of its Affiliates, or any
of the TRA Party Representative’s or Affiliate’s directors, officers, employees or other agents (each a “Covered Person”) shall be liable, responsible or accountable in damages or otherwise to any TRA Party, OpCo or the Corporate
Taxpayer for damages arising from any action taken or omitted to be taken by the TRA Party Representative or any other Person with respect to OpCo or the Corporate Taxpayer, except in the case of any action or omission which constitutes, with
respect to such Person, willful misconduct or fraud. Each of the Covered Persons may consult with legal counsel, accountants, and other experts selected by it, and any act or omission suffered or taken by it on behalf of the TRA Parties or in
furtherance of the interests of the TRA Parties in good faith in reliance upon and in accordance with the advice of such counsel, accountants, or other experts shall create a rebuttable presumption of the good faith and due care of such Covered
Person with respect to such act or omission; provided that such counsel, accountants, or other experts were selected with reasonable care. Each of the Covered Persons may rely in good faith upon, and shall have no liability to OpCo, the Corporate
Taxpayer or the TRA Parties for acting or refraining from acting upon, any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, or other paper or document reasonably believed by it to be
genuine and to have been signed or presented by the proper party or parties. 
 [The remainder of this page is intentionally blank]

  
 26 

 IN WITNESS WHEREOF, the Corporate Taxpayer and each TRA Party have duly executed this
Agreement as of the date first written above.  
  

			
	CORPORATE TAXPAYER:
	
	VINE ENERGY INC.
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer
	
	TRA PARTIES:
	
	VINE INVESTMENT LLC
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer
	
	VINE INVESTMENT II LLC
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer
	
	BRIX INVESTMENT LLC
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer
	
	BRIX INVESTMENT II LLC
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer
	
	HARVEST INVESTMENT LLC
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer

 Signature Page to Tax Receivable Agreement 

 
			
	HARVEST INVESTMENT II LLC
		
	By:	 	 /s/ Eric D. Marsh

		 	Name: Eric D. Marsh
		 	Title: President and Chief Executive Officer

 Signature Page to Tax Receivable Agreement 

 Annex A 

Blocker Entities 
 Blackstone Vine -
892/US T-E Feeder Fund VI/BEP L.P. 
 Blackstone Brix-WI/892 Feeder Fund VI L.P. 

Blackstone Harvest-R/892 Feeder Fund VI L.P. 
 Blackstone
Brix-WI/892 Feeder Fund BEP II/II.F L.P. 
 Blackstone Harvest-R/892 Feeder Fund BEP II/II.F L.P. 

 Annex B 

Reorganization TRA Parties 
 Vine
Investment II LLC 
 Brix Investment II LLC 
 Harvest Investment
II LLC 

 Annex C 

Exchange TRA Parties 
 Vine
Investment LLC 
 Brix Investment LLC 
 Harvest Investment LLC

 Exhibit A 

Form of Joinder Agreement 

This JOINDER (this “Joinder”) to the Tax Receivable Agreement (as defined below), is between Vine Energy Inc., a
Delaware corporation (including any successor corporation, the “Corporate Taxpayer”),
                         (“Transferor”) and
                         (“Permitted Transferee”). 

WHEREAS, on
                        , Permitted Transferee shall acquire
                         percent of the Transferor’s right to receive payments that may become due and payable under
the Tax Receivable Agreement (as defined below) (the “Acquired Interests”) from Transferor (the “Acquisition”); and 

WHEREAS, Transferor, in connection with the Acquisition, has required Permitted Transferee to execute and deliver this Joinder pursuant
to Section 7.6(a) of the Tax Receivable Agreement, dated as of March 17, 2021, between the Corporate Taxpayer and each of the TRA Parties that are from time to time a party thereto (the “Tax Receivable Agreement”). 

NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be
legally bound hereby, the parties hereto agree as follows: 
 Section 1.1 Definitions. To the extent capitalized words used
in this Joinder are not defined in this Joinder, such words shall have the respective meanings set forth in the Tax Receivable Agreement. 

Section 1.2 Acquisition. For good and valuable consideration, the sufficiency of which is hereby acknowledged by Transferor
and Permitted Transferee, Transferor hereby transfers and assigns absolutely to Permitted Transferee all of the Acquired Interests. 

Section 1.3 Joinder. Permitted Transferee hereby acknowledges and agrees (i) that it has received and read the Tax
Receivable Agreement, (ii) that Permitted Transferee is acquiring the Acquired Interests in accordance with and subject to the terms and conditions of the Tax Receivable Agreement and (iii) to become a “TRA Party” (as defined in
the Tax Receivable Agreement) for all purposes of the Tax Receivable Agreement. 
 Section 1.4 Notice. Any notice, request,
consent, claim, demand, approval, waiver or other communication hereunder to Permitted Transferee shall be delivered or sent to Permitted Transferee at the address set forth on the signature page hereto in accordance with Section 7.1 of the Tax
Receivable Agreement. 
 Section 1.5 Governing Law. This Joinder shall be governed by and construed in accordance
with the law of the State of New York. 

 IN WITNESS WHEREOF, the Corporate Taxpayer, Transferor and Permitted Transferee have
duly executed this Joinder as of the date first written above. 
  

			
	CORPORATE TAXPAYER:
	
	VINE ENERGY INC.
		
	By:	 	
                     
    

		 	Name:
		 	Title:
	
	TRANSFEROR:
	
	TRANSFEROR
		
	By:	 	  

		 	Name:
		 	Title:
	
	 PERMITTED TRANSFEREE:
  

PERMITTED TRANSFEREE

		
	By:	 	  

		 	Name:
		 	Title:

                     
                                         
                                         
  Address for Notice to Permitted Transferee:

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