Document:

Exhibit 10.4

 

STOCK PURCHASE AGREEMENT

STOCK PURCHASE
AGREEMENT (this “Agreement”),
dated as of September 10, 2019, by and between GBT
TECHNOLOGIES, INC., a Nevada corporation (f/k/a Gopher Protocol, Inc.) (“Seller”), having an address at
2500 Broadway, Suite F-125, Santa Monica, CA 90404 and DEEPANKER KATYAL, on behalf of
and as representative of the persons listed on Schedule A (“Purchaser”), having an address at 5447 31st
Ave SW, Seattle, WA 98126.

RECITALS

 

WHEREAS,
Seller owns shares of common stock of Mobiquity Technologies,
Inc., a New York corporation (the “MOBQ Common Stock”) which may be represented by stock certificates (“Certificated
Shares”) or be book-entry shares (“Book-Entry Shares”); and

WHEREAS,
Purchaser owns shares of common stock of Seller (the “GTCH Common Stock”) which may be Certificated Shares or
Book-Entry Shares; and

WHEREAS,
on August 5, 2019, Seller effectuated a 1-for-100 share reverse split of the GTCH Common Stock, and all numbers of shares of GTCH
Common Stock herein reflect the reverse split; and

WHEREAS,
Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, a number of shares of MOBQ Common Stock in
consideration for a number of shares of GTCH Common Stock, upon the terms, conditions set forth in this Agreement. 

NOW,
THEREFORE, in consideration of the representations,
warranties, covenants
and agreements set forth in this
Agreement, and for other good and valuable
consideration the receipt and sufficiency
of which is hereby
acknowledged, the parties
hereto hereby agree as
follows:

l.       Purchase
and Sale of MOBQ Shares.

1.1              
Agreement to Purchase and Sell. As of the Closing (defined below), and subject to the
terms and conditions of this
Agreement, Seller hereby
sells, assigns, transfers, conveys and delivers to Purchaser, and Purchaser hereby purchases
and accepts from Seller, all of Seller’s right, title and interest in and to Ten Million (10,000,000) shares of MOBQ Common
Stock (the “MOBQ Shares”), free and clear of any and all liens, charges, pledges, security interests, claims,
mortgages, options, encumbrances, rights of first refusal, conditions, covenants and other restrictions, other than restrictions
on transferability under the Securities Act of 1933, as amended, applicable state “blue sky” laws, and the rules and
regulations promulgated thereunder (“Liens”).

1.2              
Consideration. In consideration for the sale of the Interests, as of the Closing Purchaser
shall assign, transfer, convey and deliver to Seller Ninety Thousand (90,000) shares of GTCH Common Stock (the “GTCH Shares”),
and all of Purchaser’s right, title and interest in and to the GTCH Shares, free and clear of any and all Liens.

1.3       Seller
and Purchaser shall each be responsible to pay their own sales, use or transfer taxes, documentary charges, recording fees or similar
taxes, charges, fees or expenses, if any, that become due and payable as a result of the transactions contemplated by this Agreement
that they each incur.

1.4       Purchaser
shall be entitled to deduct and withhold from the Purchase Price all taxes that Purchaser may be required to deduct and
withhold under any provision of tax law. All such withheld amounts shall be treated as delivered to Seller hereunder.

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2.       Closing.

2.1       The
closing of the transactions contemplated by this Agreement (the “Closing”) shall take place on a date determined
by Purchaser upon at least one (1) business days’ notice, but such Closing shall take place no later than ten (10) days following
the date of this Agreement (the “Outside Closing Date”).

2.2       At
the Closing, Seller shall deliver to Purchaser, or the persons indicated below the following, unless waived by Purchaser in writing:

(i)       to
the persons listed on Schedule A, as allocated on Schedule A, stock certificates representing the MOBQ Shares that
are Certificated Shares together with a stock power duly endorsed in blank, conveying such MOBQ Shares to Purchaser;

(ii)       to
the persons listed on Schedule A, as allocated on Schedule A, an “agent’s message” or functional
equivalent relating to the MOBQ Shares that are Book-Entry Shares, conveying such MOBQ Shares to Purchaser; and

(iii)       a
certificate of the Secretary or Assistant Secretary (or equivalent officer) of Seller certifying as to (A) the resolutions of the
board of directors (or equivalent managing body) of Seller, duly adopted and in effect, which authorize the execution, delivery
and performance of this Agreement and the transactions contemplated hereby, and (B) the names and signatures of the officers
of Seller authorized to sign this Agreement and the documents to be delivered hereunder.

2.3       At
the Closing, Purchaser shall deliver to Seller the following, unless waived by Seller in writing:

(i)       stock
certificates representing the GTCH Shares that are Certificated Shares together with a stock power duly endorsed in blank, conveying
the GTCH Shares to Purchaser; and

(ii)       an
“agent’s message” or functional equivalent relating to the GTCH Shares that are Book-Entry Shares, conveying
such GTCH Shares to Purchaser.

3.       Representations
and Warranties of Purchaser. Purchaser
hereby represents and
warrants to Seller that:

3.1       Purchaser
is an individual that has been duly appointed as the representative of the persons listed on Schedule A (the “AVNG
Group”) to effectuate the transaction contemplated by this Agreement. Purchaser has full power and authority to enter
into this Agreement and the documents to be delivered hereunder, to carry out its obligations hereunder and to consummate
the transactions contemplated hereby, for himself and on behalf of the persons listed on Schedule A. This Agreement and
the documents to be delivered hereunder have been duly executed and delivered by Purchaser, and (assuming due authorization, execution
and delivery by Seller) this Agreement and the documents to be delivered hereunder constitute legal, valid and binding
obligations of Purchaser enforceable against Purchaser and the persons listed on Schedule A in accordance with their respective
terms.

3.2       The
execution, delivery and performance by Purchaser of this Agreement and the documents to be delivered hereunder, and the
consummation of the transactions contemplated hereby, do not and will not: (a) violate or conflict with any judgment, order, decree,
statute, law, ordinance, rule or regulation applicable to Purchaser or the AVNG Group (c) conflict with, or result in (with or
without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration
or modification of any obligation or loss of any benefit under any contract or other instrument to which Purchaser or any of the
AVNG Group is a party; or (d) result in the creation or imposition of any Lien on the GTCH Shares. No consent, approval, waiver
or authorization is required to be obtained by Purchaser or any of the AVNG Group from any person or entity (including any governmental
authority) in connection with the execution, delivery and performance by Purchaser of this Agreement and the consummation
of the transactions contemplated hereby.

    	 	2	 

     

    

 

3.3       There
is no claim, action, suit, proceeding or governmental investigation ("Action")  pending or, to Purchaser’s
knowledge, threatened against or by Purchaser or any of the AVNG Group that challenges or seeks to prevent, enjoin or otherwise
delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that may give rise or
serve as a basis for any such Action.

3.4       Purchaser
and the persons listed on Schedule A are the sole legal, beneficial, record and equitable owners of the GTCH Shares,
free and clear of any and all Liens whatsoever.

3.5.       No
broker, finder or investment banker is entitled to any brokerage, finder's or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of Purchaser.

4.       Representations
and Warranties of Seller. Seller hereby represents
and warrants to Purchaser
that:

4.1        Seller
is a corporation duly organized, validly existing and in good standing under the laws of the state of Nevada. Seller has full corporate
power and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out its obligations
hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by Seller of this Agreement and
the documents to be delivered hereunder and the consummation of the transactions contemplated hereby have been duly authorized
by all requisite corporate action on the part of Seller. This Agreement and the documents to be delivered hereunder have
been duly executed and delivered by Seller, and (assuming due authorization, execution and delivery by Purchaser) this Agreement and
the documents to be delivered hereunder constitute legal, valid and binding obligations of Seller, enforceable against Seller in
accordance with their respective terms.

4.2        The
execution, delivery and performance by Seller of this Agreement and the documents to be delivered hereunder, and the
consummation of the transactions contemplated hereby, do not and will not: (a) violate or conflict with the certificate of incorporation
or other organizational documents of Seller; (b) violate or conflict with any judgment, order, decree, statute, law, ordinance,
rule or regulation applicable to Seller; (c) conflict with, or result in (with or without notice or lapse of time or both) any
violation of, or default under, or give rise to a right of termination, acceleration or modification of any obligation or loss
of any benefit under any contract or other instrument to which Seller is a party; or (d) result in the creation or imposition of
any Lien on the MOBQ Shares. No consent, approval, waiver or authorization is required to be obtained by Seller from any person
or entity (including any governmental authority) in connection with the execution, delivery and performance by Seller of this Agreement and
the consummation of the transactions contemplated hereby.

4.3       There
is no Action of any nature pending or, to Seller's knowledge, threatened against or by Seller (a) relating to or affecting the 
Interests; or (b) that challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.
No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

4.4       Seller
is the sole legal, beneficial, record and equitable owner of the MOBQ Shares, free and clear of any and all Liens whatsoever.

4.5       No
broker, finder or investment banker is entitled to any brokerage, finder's or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of Seller.

5.       Termination
of Agreement. This Agreement may be terminated at any time prior to the Closing:

5.1       By
the mutual written consent of Seller and the Purchaser.

5.2       By
either Purchaser or Seller if there has been a material misrepresentation, material breach of warranty or material failure to perform
obligations on the part of the other party in respect of the representations, warranties and obligations set forth in this Agreement
if (i) the party claiming material breach or failure to perform on the part of the other party is not then in material breach of
this Agreement, (ii) the party claiming material breach or failure to perform on the part of the other party serves written notice
thereof on the other party as soon as practicable after it becomes aware of such material breach or failure, and (iii) such material
breach or failure is not remedied within ten (10) days after notice thereof has been given to such other party.

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5.3       By
either Purchaser or Seller in writing, without liability, if there is any order, writ, injunction or decree of any governmental
authority, regulatory body, or body with rule-making authority (including, without limitation any securities exchange or securities
market) binding upon Purchaser or Seller, which prohibits or restrains Purchaser or Seller from consummating the transaction contemplated
by this Agreement.

5.4       By
either Purchaser or Seller if the Closing has not occurred on or before the Outside Date, unless extended by mutual agreement of
Purchaser and the Seller, if the delay has not been caused by the failure of the party seeking termination to perform or comply
with any of the covenants, agreements or conditions hereof to be performed or complied with by it prior to the Closing.

6.       Miscellaneous.

6.1       Further
Assurances. Following the Closing, each of the parties
hereto shall execute and deliver such additional documents, instruments, conveyances and assurances, and take such further actions
as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement.

6.2
Governing Law; Waiver of Jury Trial.
This Agreement shall be governed
by the internal law of the State of New York without regard
to the choice of law provisions
of any jurisdiction. Each party hereto irrevocably
submits to the exclusive jurisdiction of the courts located within Suffolk County, New York for the purposes of any action or claim
arising out of this Agreement or any transaction contemplated hereby, and agrees to commence any such action or claim only in such
courts. Each party acknowledges and agrees that any controversy which may arise under this Agreement is
likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right
it may have to a trial by jury in respect of any legal action arising out of or relating to this Agreement or the transactions
contemplated hereby.

6.3        Counterparts.
This Agreement may be executed in two
or more counterparts, each of which shall be deemed an
original, but all of which together shall
constitute one and the same instrument.
Counterparts may be
delivered via facsimile,
electronic mail (including pdf) or other transmission
method and any counterpart so delivered
shall be deemed to have been duly
and validly delivered
and be valid and effective for all purposes.

6.4        Headings.
The titles and subtitles used
in this Agreement are used
for convenience only and are not to be considered
in construing or interpreting
this Agreement.

6.5        Expenses.
Except as expressly set
forth herein, each party hereto shall
bear its own costs
and expenses in connection with
this Agreement and the transactions
contemplated hereby, including
all legal, accounting,
financial advisory,
consulting and all other fees and expenses
of third parties, whether or not the transactions
contemplated by this Agreement
are consummated.

6.6       Amendments.
This Agreement shall not be amended, modified or terminated except by a written agreement dated subsequent to the date of this
Agreement and signed on behalf of Purchaser and Seller.

6.7        Severability.
The invalidity or unenforceability
of any provision
hereof shall in no way affect the validity
or enforceability of any other provision.

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6.8        Entire
Agreement. This Agreement and the other agreements, documents and instruments referred
to herein or contemplated hereby constitute the full and entire understanding
and agreement between the parties with respect
to the subject matter hereof, and any
other written or oral agreement relating to the
subject matter hereof existing between
the parties are expressly
canceled.

6.9       Notices.
All notices, requests, demands, claims and other communications hereunder shall be in writing. Any notice, request, demand, claim
or other communication hereunder shall be deemed duly delivered to the parties at their respective addresses set forth in the header
paragraph of this Agreement, upon the earlier of (a) actual receipt, regardless of the means of delivery, or (b) one (1) business
day after it is sent by (i) a nationally recognized courier service for delivery within one (1) business day or (ii) email, provided
that a confirmation copy is sent on the same day as the e-mail transmission by a nationally recognized courier service or certified
mail, return receipt requested, in each case to the intended recipient as set forth below. A party may change its address for notice
by giving the other parties notice in the manner provided herein.

6.10       Representation
by Counsel; Interpretation. The parties hereto acknowledge that this Agreement has been prepared by Ruskin Moscou Faltischek,
P.C. (“RMF”), counsel for Purchaser. The parties hereto further acknowledge that RMF has not provided any tax
advice or guidance to either of the parties hereto with respect to the transactions contemplated herein. Seller further acknowledges
that it has been afforded the opportunity to be represented by counsel in connection with this Agreement and the transactions contemplated
hereby and it has either done so or elected not to do so. Accordingly, any rule or law or any legal decision that would require
the interpretation of any claimed ambiguities in this Agreement against the party that drafted it has no application and is expressly
waived by the parties hereto. The provisions of this Agreement shall be interpreted in a reasonable manner to give effect to the
intent of the parties hereto.

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties have executed
this Stock Purchase Agreement as of the date first written above.

 

 

	
        SELLER:

         

        GBT TECHNOLOGIES, INC. 

         

         

         

	
        By: /s/Douglas Davis

        Name: Douglas Davis

        Title: CEO

 

 

 

	
        PURCHASER:

         

	
        /s/ DEEPANKER KATYAL

        DEEPANKER KATYAL

        Individually, and as representative
        of the AVNG Group

 

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SCHEDULE A

 

AVNG GROUP; MOBQ SHARE ALLOCATION 

 

	AVNG GROUP	MOBQ SHARE ALLOCATION
	Deepanker Katyal	3,912,500
	Lokesh Mehta	3,812,500
	Reeve Luiz	500,000
	Isaac Babbs	600,000
	Angela Jayo	40,000
	Siddaiah Giddaluru	100,000
	Ajay Akatrai	60,000
	Mark Fruehan	295,000
	Yoginder Sethi	680,000
	Total	10,000,000

 

 

    	 	7Exhibit 10.1

 

EXECUTION VERSION

 

FORBEARANCE AGREEMENT

 

This FORBEARANCE AGREEMENT (this “Agreement”), dated as of September 14, 2019 (the “Agreement Effective Date”), is by and among EP Energy LLC and Everest Acquisition Finance Inc. (together, the “Issuers”), the Subsidiary Guarantors (together with the Issuers, the “Obligors”) and the undersigned beneficial holders and/or investment advisors or managers of discretionary accounts for such beneficial holders (together with any party that executes a Forbearance Joinder Agreement (the form of which is attached hereto as Exhibit A) after the date hereof, (the “Supporting Holders”) of the Issuers’ 8.00% Senior Secured Notes due 2025 (the “Notes”).

 

WHEREAS, the Issuers, the Subsidiary Guarantors and Wilmington Trust, National Association, as Trustee and Notes Collateral Agent (in either or both such capacities, the “Trustee”), are parties to (1) that certain Indenture, dated as of February 6, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”) under which the Notes were issued; (2) that certain Collateral Agreement, dated as of February 6, 2017 and (3) that certain Pledge Agreement, dated as of February 6, 2017  and any related documents and instruments that serve to grant and provide collateral to the Trustee (as amended, restated, supplemented or otherwise modified from time to time, and collectively, the “Security Documents” and, together with the Indenture, the “Notes Documents”);

 

WHEREAS, the current principal amount outstanding of such Notes is $1,000,000,000 and interest payments on the Notes are due semiannually, on February 15 and August 15;

 

WHEREAS, an interest payment on the Notes in the amount of $40,000,000 was due on August 15, 2019 (the “August 2019 Interest Payment”), and the Issuers did not make such payment (the “Specified Default”);

 

WHEREAS, at such time as the Issuers’ nonpayment on the August 2019 Interest Payment will have continued for a period of thirty (30) days, the same will become an Event of Default pursuant to Section 6.01(a) of the Indenture;

 

WHEREAS, the Issuers are exploring a potential restructuring or recapitalization transaction (a “Potential Transaction”); and

 

WHEREAS, to facilitate discussions in respect of a Potential Transaction, the Obligors have requested that each of the Supporting Holders agree to temporarily forbear in the exercise of their right to accelerate the maturity of the Notes, declare all amounts under the Notes and the Indenture immediately due and payable, and exercise any other rights and remedies available under the Indenture (collectively, the “Rights and Remedies”) solely to the extent arising from the occurrence and continuation of the Specified Default, subject to the terms and conditions of this Agreement.

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

SECTION I. ACKNOWLEDGMENTS

 

1.01 Each of the Obligors hereby acknowledges and agrees, upon execution and delivery of this Agreement, subject to the terms set forth herein, that:

 

(a) The recital of facts set forth in this Agreement is true and correct in all material respects;

 

 

(b) The amount owed by the Obligors under the Notes is (x) $1,000,000,000 of principal and (y) $40,000,000 in respect of the August 2019 Interest Payment, together with all interest accrued since August 15, 2019. Such amounts, together with all other outstanding Obligations, including interest, fees, expenses and other charges are validly owing and, solely with respect to such amounts and any other outstanding Obligations owing to Supporting Holders that are not Affiliated Parties, are not subject to any right of offset, deduction, claim, or counterclaim in favor of any Obligor;

 

(c) The Specified Default (i) has occurred and is continuing, (ii) will constitute an Event of Default under the Indenture without the need for any notice to the Obligors, and (iii) has not been cured by the Obligors, and as a consequence thereof, and subject to and but for the terms of this Agreement upon becoming an Event of Default, the Holders and the Trustee are free to exercise the Rights and Remedies in accordance with the terms of the Notes Documents;

 

(d) Each Obligor hereby ratifies and affirms the Notes Documents and the Obligations owing thereunder and acknowledges that the Notes Documents are and, after giving effect to this Agreement, shall remain unchanged and in full force and effect. Each Obligor agrees that the Notes Documents constitute valid and binding obligations and agreements of each of the Obligors enforceable against each Obligor in accordance with their respective terms;

 

(e) Subject to the terms of this Agreement, the Supporting Holders have not waived, released or compromised, and do not hereby waive, release or compromise, any events, occurrences, acts, or omissions that may constitute or give rise to any defaults or Events of Default, including, without limitation, the Specified Default, that existed or may have existed, or may presently exist, or may arise in the future, nor does any Supporting Holder waive any Rights and Remedies, including, without limitation, the right to direct the Collateral Agent (as defined in the Security Documents) to foreclose on any property pledged as Collateral (as defined in the Security Documents) under the Notes Documents;

 

(f) The execution and delivery of this Agreement shall not, except as otherwise set forth herein: (i) constitute an extension, modification, or waiver of any aspect of the Indenture; (ii) extend the maturity of the Notes or the due date of any payment of any amount(s) due thereunder or payable in connection therewith; (iii) give rise to any obligation on the part of the Supporting Holders to extend, modify or waive any term or condition of the Notes; (iv) establish any course of dealing with respect to the Notes; or (v) give rise to any defenses or counterclaims to the right of the Supporting Holders to compel payment of the Notes or any amounts(s) due thereunder or payable in connection therewith or otherwise enforce their rights and remedies set forth in the Notes Documents;

 

(g) Except as expressly provided herein, the Supporting Holders’ agreement to forbear in the exercise of their Rights and Remedies solely as to the Specified Default, and to perform as provided herein, in each case to the extent permitted by the Indenture, shall not invalidate, impair, negate or otherwise affect the Trustee’s or Supporting Holders’ ability to exercise their Rights and Remedies under the Notes Documents or otherwise; and

 

(h) Any capitalized terms not defined in this Agreement have the meanings given to them in the Indenture.

 

SECTION II.  FORBEARANCE

 

2.01 Forbearance. In consideration of, and in reliance upon the representations, warranties, agreements and covenants of the Obligors set forth herein, subject to the satisfaction of each of the

 

2

 

conditions precedent to the effectiveness of this Agreement, from the Agreement Effective Date until the Termination Date (as defined below), each Supporting Holder (severally and not jointly) hereby agrees that during the Forbearance Period (as defined below) it will, only in this specific instance, forbear from exercising any of the Rights and Remedies under the Notes Documents or applicable law solely with respect to the Specified Default (the “Forbearance”). For the avoidance of doubt, during the Forbearance Period only, each Supporting Holder agrees that it (individually or collectively) will not deliver any notice or instruction to the Trustee directing the Trustee to exercise any of the Rights and Remedies with respect to the Specified Default.

 

2.02 Trustee Action. In the event that the Trustee takes any action to declare all of the Notes immediately due and payable pursuant to Section 6.02 of the Indenture during the Forbearance Period solely due to the Specified Default, each Supporting Holder (other than any Supporting Holder that is an Affiliate of the Issuers) agrees to rescind and cancel such acceleration to the fullest extent permitted under the Indenture.

 

2.03 Limitation on Transfers of Notes. During the Forbearance Period, each of the Supporting Holders hereby agrees not to sell, assign, pledge, lend, hypothecate, transfer or otherwise dispose of (each, a “Transfer”) any ownership (including beneficial ownership) of Notes (or any rights in respect thereof, including but not limited to the right to vote) held by such Supporting Holder as of the date hereof except to a party who (i) is already a Supporting Holder party to this Agreement, (ii) as of the date hereof, was, and as of the date of transfer, continues to be an entity that controls, is controlled by or is under common control with the transferor or for which such Supporting Holder acts as investment manager, advisor or subadvisor, provided, however, that such entity shall automatically be subject to the terms of this Agreement and deemed a party hereto, or (iii) prior to or contemporaneously with such Transfer, agrees in writing with the transferor to be bound by all of the terms of this Agreement with respect to the relevant Notes being transferred to such purchaser (and with respect to any and all Notes it already may hold prior to such Transfer) by executing a Forbearance Joinder Agreement substantially in the form of Exhibit A hereto, and delivering an executed copy thereof, within three (3) business days of closing of such Transfer, to counsel to the Issuers. Any Transfer made in violation of this Section 2.03 shall be void ab initio, and the Issuers shall have the right to enforce the voiding of any such Transfer. This Agreement shall in no way be construed to preclude any Supporting Holder from acquiring additional Notes to the extent permitted by applicable law. However, such Supporting Holder shall, automatically and without further action, remain subject to this Agreement with respect to any Notes so acquired.

 

2.04 Forbearance Period. The Forbearance shall commence on the Agreement Effective Date and continue until the earlier of (a) September 22, 2019 at 11:59 p.m. New York City time (or such later date that all of the Supporting Holders agree in writing) and (b) the date on which any Event of Termination (as defined below) shall have occurred (the earlier of (a) and (b), the “Termination Date” and the period commencing on the Agreement Effective Date and ending on the Termination Date, the “Forbearance Period”). From and after the Termination Date, the Forbearance shall immediately and automatically terminate and have no further force or effect, and each of the Supporting Holders shall be released from any and all obligations and agreements under this Agreement and shall be entitled to exercise any of the Rights and Remedies as if the forbearance under this Agreement had never existed, and all of the Rights and Remedies under the Notes Documents and in law and in equity shall be available without restriction or modification.

 

2.05 Limited Forbearance. The Forbearance is limited in nature and nothing contained herein is intended, or shall be deemed or construed (i) to impair the ability of the Supporting Holders or the Trustee to exercise any of the Rights and Remedies during the Forbearance Period for Defaults or Events of Default other than the Specified Default, (ii) to constitute a waiver of the Specified Default or any future Defaults

 

3

 

or Events of Default or compliance with any term or provision of the Notes Documents or applicable law, other than as expressly set forth in this Section 2 or (iii) to establish a custom or course of dealing between the Obligors, on the one hand, and any Supporting Holder, on the other hand.

 

2.06 Further Acknowledgements

 

(a)                                 The Obligors understand and accept the temporary nature of the Forbearance provided hereby and that the Supporting Holders have given no assurances that they will extend such Forbearance or provide further waivers or amendments to the Indenture or any other Notes Document.

 

(b)                                 Nothing in this Agreement constitutes a legal obligation to participate in any Potential Transaction or to execute any related documents and no such legal obligation shall arise except pursuant to mutually agreeable executed definitive documentation.

 

SECTION III.  EVENTS OF TERMINATION.

 

3.01 Events of Termination. The Forbearance Period shall automatically terminate if any of the following events shall occur (each, an “Event of Termination”):

 

(a) the failure of any Obligor to comply with any term, condition or covenant set forth in this Agreement, including, without limitation, the covenants in Section IV of this Agreement;

 

(b) other than the Specified Default and any potential Default or Event of Default resulting from the non-payment of interest due on September 1, 2019 with respect to the Issuers’ 7.750% Senior Notes due 2022, there occurs any Default or Event of Default that is not cured within any applicable grace period;

 

(c) a case under title 11 of the United States Code or any similar reorganization, liquidation, insolvency, or receivership proceeding under applicable law is commenced by any Obligor;

 

(d) the Issuers notify any Supporting Holder or its representatives in writing that it has terminated discussions regarding a Potential Transaction;

 

(e) the Issuers cure the Specified Default by making the August 2019 Interest Payment and pay any default interest or late penalties, and no other Default or Event of Default has occurred and remains uncured at the time the Issuers cure such Specified Default; or

 

(f) that certain Forbearance Agreement, dated as of the date hereof, between the Obligors, the RBL Agent, and lenders constituting the Majority Lenders under and as defined in that certain Credit Agreement, dated as of May 24, 2012 (as amended, restated, amended and restated, modified or supplemented from time to time, the “RBL Credit Agreement”), among EPE Holdings LLC, EP Energy LLC, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (in such capacities, the “RBL Agent”), shall terminate or otherwise cease to be in full force and effect, or shall be amended or otherwise modified (other than any amendment or modification to extend the termination date thereof or waive compliance by any Obligor with any covenant thereunder).

 

SECTION IV.  OTHER AGREEMENTS

 

4.01 Accrued Interest. The Obligors agree that during the Forbearance Period, interest on all outstanding Obligations, including the unpaid principal amount of the Notes and the August 2019 Interest

 

4

 

Payment, shall continue to accrue in accordance with the terms of the Indenture.

 

4.02 Retention of Professionals; Expenses.

 

(a) No later than three Business Days after the Agreement Effective Date, the Issuers shall pay all unpaid, invoiced, reasonable and documented fees and expenses of Milbank LLP (“Milbank”) and Paul, Weiss, Rifkind, Wharton & Garrison LLP (“Paul, Weiss”), counsel to the Supporting Holders, incurred through the Agreement Effective Date; thereafter the Issuers shall pay the reasonable and documented fees and expenses of Milbank and Paul, Weiss in accordance with the respective engagement letters executed with Milbank and Paul, Weiss.

 

(b) No later than three Business Days after the Agreement Effective Date, the Issuers shall pay all unpaid, invoiced, reasonable and documented monthly fees and out-of-pocket expenses of Moelis & Company (“Moelis”) and Houlihan Lokey, Inc. (“Houlihan”, and together with Moelis, Paul, Weiss and Milbank, the “Advisors”), financial advisors to the Supporting Holders, incurred through the Agreement Effective Date; thereafter the Issuer shall pay the reasonable and documented fees and expenses of Moelis and Houlihan in accordance with the respective engagement letters, if any, with Moelis and Houlihan; provided, that this Agreement does not and shall not be deemed to expressly or implicitly require the Obligors (i) to enter into or be bound by any engagement letter with Moelis or Houlihan; (ii) to be subject to any “fee tail” or indemnity obligations to Moelis or Houlihan; or (iii) to be liable for any “success fee,” “restructuring fee,” “transaction fee,” or similar contingency fee of Moelis or Houlihan.

 

4.03 Ordinary Course Operation of the Businesses. During the Forbearance Period, each of the Obligors shall operate their businesses in the ordinary course of business and shall only make payments in the ordinary course of business.

 

4.04 Release. Each Obligor (for itself and its Subsidiaries and controlled Affiliates and the successors, assigns, heirs and representatives of each Obligor) (collectively, the “Releasors”) does hereby fully, finally, unconditionally and irrevocably release, waive and forever discharge each Supporting Holder (other than any Supporting Holder that is an Affiliated Party), together with its Affiliates, directors, officers, employees, attorneys, financial advisors and consultants (each solely in its capacity as such)  (each a “Released Party”, and collectively, the “Released Parties”), from any and all debts, claims, allegations, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, whether known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity, under contract, tort, statute or otherwise, which any Releasor has heretofore had or now or hereafter can, shall or may have against any Released Party by reason of any act, omission or thing whatsoever done or omitted to be done, in each case, on or prior to the date hereof directly arising out of, connected with or related to this Agreement, the Indenture or any other Notes Document, or any act, event or transaction related or attendant thereto, or the agreements of any Supporting Holder (other than any Supporting Holder that is an Affiliated Party) contained herein or therein. Each Obligor represents and warrants that it has no knowledge of any claim by any Releasor against any Released Party or of any facts or acts or omissions of any Released Party which on the date hereof would be the basis of a claim, in each case directly arising out of, connected with or related to this Agreement, the Indenture or any other Notes Document or the agreements of any Supporting Holder (other than a Supporting Holder that is an Affiliated Party), by any Releasor against any Released Party which would not be released hereby.

 

“Affiliated Party” shall mean (i) any Affiliate of the Obligors or any direct or indirect parent company of the Obligors, (ii) any director, officer, agent or employee of any such Affiliate and (iii) any entity or person for which any such Affiliate acts as investment advisor or manager of discretionary accounts.

 

5

 

4.05 Tolling. During the Forbearance Period, the Obligors hereby agree to toll and suspend the running of the applicable statutes of limitations, laches, or other doctrines relating to the passage of time with respect to any and all debts, claims, allegations, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, whether known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity, under contract, tort, statute or otherwise, which any Supporting Holder (or group thereof) has heretofore had or now or hereafter can, shall or may have against any of the Obligors, respective Affiliates (other than any Supporting Holder that is an Affiliated Party), and each of the directors, officers, members, employees, agents, attorneys, financial advisors and consultants of each of the foregoing.

 

4.06 Forbearance Fees.  The Obligors agree that they shall not, directly or indirectly, pay or cause to be paid any consideration, whether by fee or otherwise (including incurring any liability or obligation, or increase in margin or interest rate or other provisions with similar consequence, in each case, other than as required by the terms of the RBL Credit Agreement as in effect on the Agreement Effective Date), to any Lender (as defined in the RBL Credit Agreement) for, or as an inducement to, any forbearance, consent, waiver, or amendment, in each case without the consent of all of the Supporting Holders.

 

4.07 Notices. The Issuers hereby agree to notify the Supporting Holders reasonably promptly in writing (which may be done by email to both Milbank and Paul, Weiss) of (a) any failure by any of the Obligors to comply with their obligations set forth in this Agreement, (b) the occurrence of any Event of Termination, or (c) service of a complaint upon an Obligor by a person commencing a material action against such Obligor. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by e-mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given when delivered by hand, or when sent by e-mail or facsimile transmission, answer back received, or on the first business day after delivery to any overnight delivery service, freight prepaid, or three (3) business days after being sent by certified or registered mail, return receipt requested, postage prepaid, and addressed as follows, or to such other address as may be hereafter notified by the respective parties hereto:

 

	
If to any Supporting   Holder, then to:
    	
The address of such   Directing Holder as set forth on the signature page of this Agreement
    
	
 
    	
 
    
	
 
    	
with a copy to:
    
	
 
    	
 
    
	
 
    	
Milbank LLP
    
	
 
    	
2029 Century Park East,   33rd Floor
    
	
 
    	
Los Angeles, CA 90067
    
	
 
    	
Attention:
    	
Gerard Uzzi, Esq.
    
	
 
    	
 
    	
Casey Fleck, Esq.
    
	
 
    	
 
    	
Brett   Goldblatt, Esq.
    
	
 
    	
Email:
    	
GUzzi@milbank.com
    
	
 
    	
 
    	
CFleck@milbank.com   BGoldblatt@milbank.com
    
	
 
    	
 
    	
 
    
	
 
    	
and
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Paul, Weiss, Rifkind,   Wharton & Garrison LLP
    
	
 
    	
1285 Avenue of the   Americas
    
	
 
    	
Attention:
    	
Jeffrey D. Saferstein
    
	
 
    	
 
    	
Jacob A. Adlerstein
    
	
 
    	
Email:
    	
jsaferstein@paulweiss.com
    
	
 
    	
 
    	
jadlerstein@paulweiss.com
    

 

6

 

SECTION V.  REPRESENTATIONS AND WARRANTIES

 

In consideration of the foregoing agreements, the Obligors jointly and severally hereby represent and warrant to each Supporting Holder, and each Supporting Holder severally but not jointly hereby represents and warrants to the Obligors, as follows:

 

5.01 Such party is duly organized, validly existing and is not in violation in any respect of any term of its charter, bylaws or other constitutive documents, and the execution, delivery and performance of this Agreement are within such party’s power and have been duly authorized by all necessary action.

 

5.02 This Agreement constitutes a valid and legally binding agreement, enforceable against such party in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or law).

 

5.03 No consent or authorization of, filing with, notice to or other act by or in respect of, any governmental or regulatory authority or any other person is required in connection with such party’s entry into, and performance of, this Agreement, except for consents, authorizations, filings and notices which have been obtained or made and are in full force and effect or which are immaterial in nature; and the entry into and performance of this Agreement by such party does and will not conflict with, or result in the default under, any material agreement or document of such party, its constituent documents or any applicable law, regulation or court order, consent or ruling.

 

5.04 Each Supporting Holder represents and warrants that, as of the date hereof, it beneficially holds, or advises or manages for a beneficial holder, the aggregate principal amount of Notes set forth on the signature page attached hereto, and to that extent it advises or acts as a manager for any beneficial holder, it has the authority to enter into this Agreement on behalf of such beneficial holder and that this Agreement is a valid and legally binding agreement, enforceable against that holder and such party.

 

5.05 Each of the Obligors represents and warrants that, as of the date hereof, no Default or Event of Default has occurred and is continuing or is expected to occur during the Forbearance Period other than the Specified Default or as has been made public and filed on Form 8-K with the Securities and Exchange Commission.

 

5.06  The parties to this Agreement acknowledge that nothing in this Agreement, including the presentation of drafts from one party to another, constitutes the making of an offer to sell or the solicitation of an offer to buy securities or loans of any kind or the solicitation of a consent or waiver of any rights under any of the Notes Documents and the entry into this Agreement shall not constitute, directly or indirectly, an incurrence, a refinancing, an extension or a modification in any way of any debt or a recapitalization or restructuring in any way of the obligations of the Obligors.

 

5.07 The Supporting Holders have not made any assurances concerning (a) the manner in which or whether the Specified Default may be resolved or (b) any additional forbearance, waiver, restructuring or other accommodations.

 

7

 

SECTION VI.  RATIFICATION OF EXISTING AGREEMENTS

 

6.01 The Obligors and the Supporting Holders hereby acknowledge and agree that, (a) the relationships between the Obligors and the Supporting Holders are governed by the Notes Documents, this Agreement and other agreements that may be executed by the Obligors and the Supporting Holders from time to time, (b) no fiduciary duty or special relationship is or will be created by any discussions regarding any possible amendment, waiver or forbearance, (c) the rights and obligations of the Supporting Holders under this Agreement are several and not joint and no Supporting Holder shall be liable or responsible for obligations of any other Supporting Holder, (d) no Supporting Holder has made to any Obligor, and no Obligor has made to any Supporting Holder, any promise, commitment or representation of any kind or character with respect to any forbearance or other matter as of the date of this Agreement other than as set forth in this Agreement, (e) this Agreement has no effect or bearing on any rights or remedies the Supporting Holders may have available under the Notes Documents other than as explicitly provided for herein, (f) no person has any obligation to engage in discussions with any other person after the date hereof regarding any further forbearance and (g) no Supporting Holder and no Obligor has any obligation under any circumstances to amend, waive, supplement or otherwise modify the terms of the Notes Documents, offer any discounted payoff of the Notes, refinance or exchange the Notes, vote or refrain from voting or otherwise acting with respect to its Notes, extend the forbearance period, grant any other forbearance, agree to any amendment, supplement, waiver or other modification or any Potential Transaction, enter into any definitive documentation in connection with a Potential Transaction, or extend any other accommodation, financial or otherwise, to any Obligor or any of its Affiliates.

 

SECTION VII.  MISCELLANEOUS

 

7.01 More Favorable Agreements. If the Issuers have entered into or at any time on or after the date hereof enter into a forbearance or similar agreement with respect to the Notes with any other holder of the Notes that is not a Supporting Holder or with respect to the Issuers’ 7.750% Senior Notes due 2022 that contains terms more favorable to the noteholders party thereto than those contained in this Agreement (each such agreement, a “More Favorable Agreement”), such terms of such More Favorable Agreement shall automatically be incorporated herein unless all of the Supporting Holders, in their sole discretion, elect not to include any such terms. The Issuers shall (a) promptly notify the Supporting Holders of its entry into a More Favorable Agreement and (b) promptly provide a copy, with customary redactions, of such More Favorable Agreement to the Supporting Holders.

 

7.02 Counterparts. This Agreement may be executed and delivered in any number of counterparts with the same effect as if the signatures on each counterpart were upon the same instrument. Any counterpart delivered by facsimile or by other electronic method of transmission shall be deemed an original signature thereto.

 

7.03 Interpretive Matters.

 

(a) Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, and the term “including” is not limiting. The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement refer to this

 

8

 

Agreement as a whole and not to any particular provision of this Agreement. Section, subsection and clause references herein are to this Agreement unless otherwise specified.

 

(b) The term “person” as used in this Agreement shall be broadly interpreted to include, without limitation, any individual, corporation, company, partnership or other entity.

 

7.04 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without application of any choice of law provisions that would require the application of the law of another jurisdiction. Each party hereto hereby irrevocably and unconditionally consents to submit to the non-exclusive jurisdiction of the federal and state courts in the Borough of Manhattan, City of New York for any action, suit, or proceeding arising out of or relating to this Agreement and the transactions contemplated by this Agreement. Each party hereto hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, suit, or proceeding arising out of this Agreement in any such court and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit, or proceeding brought in any such court has been brought in an inconvenient forum.

 

7.05 Successors and Assigns. This Agreement shall be binding upon each of the Issuers, the Subsidiary Guarantors, the Supporting Holders and their respective successors and assigns, and shall inure to the benefit of each such person and their permitted successors and assigns.

 

7.06 Additional Parties. Without in any way limiting the provisions hereof, additional holders or beneficial owners of Notes may elect to become parties to this Agreement by executing and delivering to the Issuers a Forbearance Joinder Agreement substantially in the form of Exhibit A hereto. Such additional holder or beneficial owner of Notes shall become a Supporting Holder under this Agreement in accordance with the terms of this Agreement.

 

7.07 Headings. Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.

 

7.08 Integration. This Agreement and any agreements referred to herein contain the entire understanding of the parties hereto with regard to the subject matter contained herein. Except as otherwise provided herein, this Agreement supersedes all prior or contemporaneous negotiations, promises, covenants, agreements and representations of every nature whatsoever with respect to the matters referred to in this Agreement, all of which have become merged and finally integrated into this Agreement. Each of the parties hereto understands that in the event of any subsequent litigation, controversy or dispute concerning any of the terms, conditions or provisions of this Agreement, no party shall be entitled to offer or introduce into evidence any oral promises or oral agreements between the parties relating to the subject matter of this Agreement not included or referred to herein and not reflected by a writing included or referred to herein.

 

7.09 Jury Trial Waiver. The Issuers, the Subsidiary Guarantors and the Supporting Holders, by acceptance of this Agreement, mutually hereby knowingly, voluntarily and intentionally waive the right to a trial by jury in respect of any litigation based herein, arising out of, under or in connection with this Agreement and the Notes Documents or any other documents contemplated to be executed in connection herewith, or any course of conduct, course of dealings, statements (whether verbal or written) or actions of any party, including, without limitation, any course of conduct, course of dealings, statements or actions of any Supporting Holder relating to the administration of the Notes or enforcement of the Notes Documents arising out of tort, strict liability, contract or any other law, and agree that no party will seek to consolidate any such action with any other action in which a jury trial cannot be or has not been waived.

 

9

 

7.10 Amendment. This Agreement may only be amended or modified in writing by the Issuers, the Subsidiary Guarantors and each Supporting Holder.

 

7.11 Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect, and any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable, in each case, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party hereto. Upon any such determination of invalidity, 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.

 

[Remainder of Page Intentionally Left Blank]

 

10

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.

 

	
 
    	
EP ENERGY LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Kyle A. McCuen
    
	
 
    	
 
    	
Name: Kyle A. McCuen
    
	
 
    	
 
    	
Title: Senior Vice   President, Chief Financial Officer and Treasurer
    
	
 
    	
 
    
	
 
    	
EVEREST   ACQUISITION FINANCE INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Kyle A. McCuen
    
	
 
    	
 
    	
Name: Kyle A. McCuen
    
	
 
    	
 
    	
Title: Senior Vice   President, Chief Financial Officer and Treasurer
    
	
 
    	
 
    
	
 
    	
EP ENERGY GLOBAL LLC
    
	
 
    	
EP ENERGY E&P   COMPANY, L.P.
    
	
 
    	
EP ENERGY   MANAGEMENT, L.L.C.
    
	
 
    	
EP ENERGY RESALE   COMPANY, L.L.C.
    
	
 
    	
as Subsidiary   Guarantors
    
	
 
    	
 
    	
 
    
	
 
    	
By:  
    	
/s/ Kyle A. McCuen
    
	
 
    	
 
    	
Name: Kyle A. McCuen
    
	
 
    	
 
    	
Title: Senior Vice   President, Chief Financial Officer and Treasurer
    

 

 

	
 
    	
SUPPORTING   HOLDERS
    
	
 
    	
 
    
	
 
    	
ELLIOTT   ASSOCIATES, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Elliott   Capital Advisors, L.P., as general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Braxton   Associates, Inc., as general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Elliot Greenberg
    
	
 
    	
 
    	
Elliot   Greenberg, Vice President
    
	
 
    	
 
    
	
 
    	
Principal   Amount of Notes held:
    
	
 
    	
 
    
	
 
    	
ELLIOTT   INTERNATIONAL, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Hambledon, Inc.,   as General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Elliott, International   Capital Advisors Inc., as attorney-in-fact
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Elliot Greenberg
    
	
 
    	
 
    	
Elliot   Greenberg, Vice President
    
	
 
    	
 
    
	
 
    	
Principal   Amount of Notes held:
    

 

 

	
 
    	
THETA   I, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Investment Fund VII, L.P., its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Advisors VII, L.P., its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Capital Management VII, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/   Laurie D. Medley
    
	
 
    	
 
    	
Name:   Laurie D. Medley
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    
	
 
    	
THETA   II, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:   Apollo Overseas Partners (Delaware 892)   VII, L.P., its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Advisors VII, L.P., its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Capital Management VII, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Laurie D. Medley
    
	
 
    	
 
    	
Name:   Laurie D. Medley
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    
	
 
    	
THETA   III, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:   Apollo Overseas Partners (Delaware) VII,   L.P., its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Advisors VII, L.P., its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Capital Management VII, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/   Laurie D. Medley
    
	
 
    	
 
    	
Name:   Laurie D. Medley
    
	
 
    	
 
    	
Title:   Vice President
    

 

 

	
 
    	
THETA   IV, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Overseas Partners VII, L.P., its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Advisors VII, L.P., its managing general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Capital Management VII, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/   Laurie D. Medley
    
	
 
    	
 
    	
Name:   Laurie D. Medley
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    
	
 
    	
THETA   V, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Investment Fund (PB) VII, L.P., its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Advisors VII, L.P., its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Capital Management VII, LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/   Laurie D. Medley
    
	
 
    	
 
    	
Name:   Laurie D. Medley
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    
	
 
    	
THETA   NR, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   Natural Resources Partners, L.P., its sole member
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
Apollo   ANRP Advisors, L.P., its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:   Apollo ANRP Capital Management, LLC, its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/   Laurie D. Medley
    
	
 
    	
 
    	
Name:   Laurie D. Medley
    
	
 
    	
 
    	
Title:   Vice President
    
	
 
    	
 
    
	
 
    	
Principal   Amount of Notes held:
    

 

 

Exhibit A

 

FORM OF FORBEARANCE JOINDER AGREEMENT

 

[·], 2019

 

EP Energy, Inc. 
 [           ] 
 Attention: [           ]

RE: Forbearance Agreement

 

Ladies and Gentlemen:

 

Reference is made to the Forbearance Agreement dated as of September [·], 2019 entered into between the Issuers, the Subsidiary Guarantors, and the Supporting Holders party thereto (such Forbearance Agreement, as in effect on the date hereof and as it may hereafter be amended, supplemented or otherwise modified from time to time, together with this Forbearance Joinder Agreement, being the “Forbearance Agreement”). Any capitalized terms not defined in this Forbearance Joinder Agreement have the meanings given to them in the Forbearance Agreement.

 

SECTION I.  Joining Obligations Under the Forbearance Agreement. The undersigned (the “Joining Noteholder”) hereby agrees, as of the date first above written, to join and to be bound as a Supporting Holder by all of the terms and conditions of the Forbearance Agreement, to the same extent as each of the other Supporting Holders thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Forbearance Agreement to a “Supporting Holder” shall also mean and be a reference to the undersigned, including the making of each representation and warranty set forth in Section 5 of the Forbearance Agreement.

 

SECTION II.  Execution and Delivery. Delivery of an executed counterpart of a signature page to this Forbearance Joinder Agreement by telecopier or in .PDF or similar format by email shall be effective as delivery of an original executed counterpart of this Forbearance Joinder Agreement. For the avoidance of doubt, the Obligors do not need to separately execute this Forbearance Joinder Agreement but are nevertheless bound by the terms of the Forbearance Agreement with respect to the Joining Noteholder as if such Joining Noteholder were a party to the Forbearance Agreement.

 

SECTION III.  Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. The parties hereto hereby agree that Sections 7.04 and 7.09 of the Forbearance Agreement shall apply to this Forbearance Joinder Agreement.

 

[Signature Page Follows]

 

 

	
Very truly yours,
    	
 
    
	
[·]
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
Noteholder’s principal   amount of Notes:   $                   
    

 

[Signature Page to Joinder Forbearance Agreement]

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