Document:

EX-10.28

 Exhibit 10.28 

December 18, 2017 
 Ladies and Gentlemen: 

This letter agreement (“Letter Agreement”) is entered into as of December 18, 2017, by and between Rosehill Resources Inc., a
Delaware corporation (formerly known as KLR Energy Acquisition Corp.) (“Rosehill”), Tema Oil and Gas Company, a Maryland corporation (“Tema”), and KLR Energy Sponsor, LLC, a Delaware limited liability company
(“KLRE Sponsor” and together with Tema and KLRE Sponsor, the “Parties”). Reference is made to that certain Shareholders’ and Registration Rights Agreement, dated as of December 20, 2016 (as it may be amended,
supplemented or otherwise modified, the “Agreement”), by and among the Parties. All capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement. The Parties hereby agree as follows: 

 

	1.	Waiver of Certain Transfers. The Parties agree that (a) Transfers of Company Shares held by Tema or KLRE Sponsor to (i) in the case of Tema, a Permitted Transferee under the control of Rosemore,
Inc. and (ii) in the case of KLRE Sponsor, a Permitted Transferee under the control of Edward Kovalik, and (b) changes in the custodians for such Company Shares, in each case, shall not affect the rights of Tema or KLRE Sponsor, as
applicable, with respect to those Company Shares for so long as such Company Shares are held by or for the benefit of Tema, KLRE Sponsor, or their respective above-described Permitted Transferees, as applicable. For the avoidance of doubt, this
waiver applies to the rights of Tema and KLRE Sponsor to appoint directors of Rosehill and the determination of the number of directors that such Person may appoint, in each case pursuant to Section 3.2 of the Agreement. Without limiting the
foregoing, the Parties hereby consent to and approve changes in custodian of any Company Shares, Rosehill Operating Company, LLC units and other related securities owned by Tema, KLRE Sponsor or their respective Permitted Transferees.

  

	2.	Miscellaneous. 

  

	 	a.	Except as expressly provided in this Letter Agreement, the terms and provisions of the Agreement are and remain in full force and effect. 

 

	 	b.	This Letter Agreement may be amended only by a written instrument executed by each of the Parties. 

  

	 	c.	This Letter Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns; provided, that no party shall be entitled to assign or delegate any of its
rights or duties hereunder without first obtaining the express prior written consent of each other party hereto, such consent not to be unreasonably withheld. 

  

	 	d.	This Letter Agreement may be executed in any number of separate counterparts, each of which when so executed shall be deemed to be an original and all of which together shall constitute one and the same agreement.

 [Remainder of page intentionally left blank.] 

 IN WITNESS WHEREOF, the undersigned have caused this Letter Agreement to be signed by its
respective officer thereunto duly authorized, all as of the date first written above. 
  

			
	 ROSEHILL RESOURCES INC.

(formerly known as KLR Energy Acquisition Corp.)

		
	By:	 	 /s/ J. Alan Townsend

	Name:	 	J. Alan Townsend
	Title:	 	President and CEO

  
 Signature Page to Letter
Agreement 

 
			
	TEMA OIL AND GAS COMPANY
		
	By:	 	 /s/ Paul J. Ebner

	Name:	 	Paul J. Ebner
	Title:	 	President

 SIGNATURE PAGE TO LETTER
AGREEMENT 

 
			
	KLR ENERGY SPONSOR, LLC
		
	By:	 	 /s/ Edward Kovalik

	Name:	 	Edward Kovalik
	Title:	 	Manager

 Signature Page to Letter AgreementExhibit 10.7

 

CONSULTING AGREEMENT

 

This consulting agreement (the “Agreement”), dated as of February 13, 2018 (“Effective Date”), sets forth the terms and conditions that will govern the engagement of Brian MacLean (“Consultant”) to provide consulting services to The Travelers Companies, Inc. and its affiliates (“Travelers”).

 

1.              Services.  Consultant agrees to provide the following services: strategic and other advice as requested from time to time by Travelers Chairman and CEO (the “Services”).

 

2.              Payment.

 

a.              During the Term (as defined below), the fee for Services shall be $50,000 per month.  Travelers will reimburse Consultant for reasonable, actual out-of-pocket expenses, so long as the expenses are itemized and supported by receipts.  Consultant acknowledges and agrees that as a consultant to Travelers, Consultant is not intended to be covered by and shall not be entitled to participate in any health insurance program, life or disability insurance program, pension or retirement program, severance program, incentive compensation program or any other welfare, pension, compensation, fringe or other benefit plan, program or arrangement (collectively, “Benefit Plans”) sponsored or offered by Travelers.  This Agreement shall not affect Consultant’s eligibility to continue to participate in, and benefit from, Benefit Plans under which he is entitled to participate as a retiree of Travelers.

 

b.             Consultant will provide information as required by Travelers to complete any reporting obligations of Travelers to applicable taxing authorities.  Travelers will not be responsible for any corporate business and franchise taxes, taxes based on Consultant’s income or gross receipts, withholding taxes and payroll taxes.  Consultant shall make all payments due to, or on behalf of, Consultant, including remittance to proper authorities of all required income and payroll taxes and all other amounts or benefits owed to or payable to or on behalf of such Consultant.  As between the parties, all such taxes and contributions shall be the liability and sole responsibility of Consultant, and Travelers shall not withhold or pay any amounts relating to any taxes or contributions imposed by any governmental or other public agency with respect to any amounts paid to Consultant pursuant to this Agreement.

 

3.              Independent Contractor.  Consultant acknowledges that Consultant is an independent contractor and nothing in this Agreement shall be construed to create an employer-employee, partnership, joint venture, agency or other relationship between Travelers and Consultant.  Consultant shall not act as agent for Travelers, and shall not have the authority to bind or make any representations on behalf of Travelers.  Consultant may not subcontract or otherwise delegate Consultant’s obligations under this Agreement without Travelers’ prior written approval.

 

4.              Term; Termination; Survival.  The term of this Agreement shall commence on April 2, 2018 and shall continue through March 31, 2019 (the “Term”), subject to the termination provisions hereof.  If Travelers breaches any provision hereof, Consultant may terminate this Agreement upon written notice, without any obligation, liability or penalty of any kind.  If Consultant breaches this Agreement, the Amended and Restated Non-Solicitation and Non-Disclosure Agreement, entered into as of January 16, 2017, between Consultant and The Travelers Companies, Inc. (the “Non-Solicitation and Non-Disclosure Agreement”) or any obligations contained in any other agreement in effect between Consultant and Travelers, Travelers may terminate this Agreement upon written notice, without any obligation, liability or penalty of any kind.  In addition to this Section 4, the following Sections shall survive the expiration or termination of the Agreement:  Sections 2, 3, 5, 6, 7 and 9.

 

5.              Ownership of Work Product.  To the extent Consultant creates any Work Product (as defined herein) in connection with the Services, Consultant hereby agrees that such Work Product shall be and remain the property of Travelers. “Work Product” shall mean all materials, data, works of authorship, concepts, presentations and reports in connection with Consultant’s performance of the Services, including, without limitation, all intellectual property rights therein.  Consultant agrees that, to the full extent permitted under applicable law, all Work Product shall constitute “works made for hire” (as such term is defined in 17 U.S.C. § 101) for Travelers.  To the extent that any Work Product does not constitute a “work made for hire” for Travelers, Consultant hereby irrevocably assigns, transfers, and conveys (and agrees to assign, transfer, and convey, without further consideration) to Travelers, on a worldwide and perpetual basis, all right, title and interest in and to any and all Work Product, including all intellectual property rights therein.  Consultant shall have no right to retain any Work Product following the termination or expiration of the Agreement.

 

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6.              Confidentiality.  The parties agree that any confidential information provided to Consultant pursuant to this Agreement shall be subject to the confidentiality provisions set forth in the Non-Solicitation and Non-Disclosure Agreement.

 

7.              Representations and Warranties.  Consultant represents, warrants and covenants that: (a) Consultant has full authority to enter into this Agreement; (b) Consultant’s performance of the Services hereunder shall not create any conflict of interest (whether legal or ethical) for Consultant and will not conflict with any other obligations or agreements; and (c) Consultant’s performance hereunder, and the Services, will comply with all applicable  laws, regulations and orders of any governmental, judicial or administrative authority.

 

8.              Compliance with Travelers Policies.  In connection with performing the Services, Consultant shall comply with all guidelines, standards and practices established by Travelers and made known to Consultant, including without limitation, policies relating to conduct within Travelers facilities, use of Travelers systems and security.

 

9.              General.  This Agreement constitutes the entire agreement between the parties and supersedes and replaces all previous agreements, oral or written, between the parties relating to the subject matter hereof, and may only be amended by a written instrument signed by both parties.  Consultant may not assign or transfer this Agreement or any of its rights or obligations hereunder to any third party, without the prior written consent of Travelers.  Any attempted assignment in violation of this Section shall be void.  Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties, their successors and assigns. This Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument.  If any provision of this Agreement shall be deemed invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable.  No delay or omission on the part of either party in exercising any right hereunder will operate as a waiver of any right hereunder.  This Agreement will be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of law principles thereof.  Consultant may not use or refer to the name of Travelers, or any trademark, service mark or logo of Travelers, in any manner, including without limitation, in any marketing, advertising, press release or other public announcement, without the prior written consent of Travelers.

 

IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as of the Effective Date.

 

	
THE TRAVELERS COMPANIES, INC.
    	
 
    	
BRIAN MACLEAN
    
	
 
    	
 
    	
 
    
	
/s/ Alan D. Schnitzer
    	
 
    	
/s/ Brian MacLean
    
	
 
    	
 
    	
 
    
	
Alan D. Schnitzer
    	
 
    	
 
    
	
Chief Executive Officer
    	
 
    	
 
    

 

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