Document:

EX-10.5

 Exhibit 10.5 

Execution Version 

STOCKHOLDERS’ AGREEMENT 

DATED AS OF MARCH 22, 2021 

AMONG 
 VINE ENERGY INC.

 AND 
 THE OTHER
PARTIES HERETO 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 ARTICLE I INTRODUCTORY MATTERS
	  	 	1	 
	 1.1
	 	Defined Terms	  	 	1	 
	 1.2
	 	Construction	  	 	4	 
		
	 ARTICLE II CORPORATE GOVERNANCE MATTERS 
	  	 	4	 
	 2.1
	 	Election of Directors	  	 	4	 
		
	 ARTICLE III INFORMATION 
	  	 	6	 
	 3.1
	 	Books and Records; Access	  	 	6	 
	 3.2
	 	Certain Reports	  	 	6	 
	 3.3
	 	Disclosure of Information	  	 	7	 
		
	 ARTICLE IV GENERAL PROVISIONS 
	  	 	8	 
	 4.1
	 	Termination	  	 	8	 
	 4.2
	 	Notices	  	 	8	 
	 4.3
	 	Amendment; Waiver	  	 	10	 
	 4.4
	 	Further Assurances	  	 	10	 
	 4.5
	 	Assignment	  	 	11	 
	 4.6
	 	Third Parties	  	 	11	 
	 4.7
	 	Governing Law	  	 	11	 
	 4.8
	 	Jurisdiction; Waiver of Jury Trial	  	 	11	 
	 4.9
	 	Specific Performance	  	 	11	 
	 4.10
	 	Entire Agreement	  	 	11	 
	 4.11
	 	Severability	  	 	12	 
	 4.12
	 	Table of Contents, Headings and Captions	  	 	12	 
	 4.13
	 	Grant of Consent	  	 	12	 
	 4.14
	 	Counterparts	  	 	12	 
	 4.15
	 	Effectiveness	  	 	12	 
	 4.16
	 	No Recourse	  	 	12	 

  

  
 i 

 STOCKHOLDERS’ AGREEMENT 

This Stockholders’ Agreement (the “Agreement”) is entered into as of March 22, 2021 by and among Vine Energy Inc.,
a Delaware corporation (the “Company”), each of the other parties identified on the signature pages hereto (the “Investor Parties”) and solely for purposes of Section 2.1(c),
Section 3.2 and Section 3.3 hereof, Vine Investment LLC, a Delaware limited liability company (“Vine Investment”), Brix Investment LLC, a Delaware limited liability company
(“Brix Investment”), Harvest Investment LLC, a Delaware limited liability company (“Harvest Investment”, together with Vine Investment and Brix Investment, the “Vine Energy Investment Entities”),
and Vine Investment II LLC, a Delaware limited liability company (“Vine Investment II”), Brix Investment II LLC, a Delaware limited liability company (“Brix Investment II”), and Harvest Investment II LLC, a Delaware
limited liability company (“Harvest Investment II”, together with Vine Investment II and Brix Investment II, the “Vine Energy Investment II Entities,” and together with the Vine Energy Investment Entities, the
“Investment Entities”). 
 RECITALS: 

WHEREAS, the Company is currently contemplating an underwritten initial public offering (“IPO”) of shares of its Class A
Common Stock (as defined below); and 
 WHEREAS, in connection with the IPO, the Company and the Investor Parties wish to set forth certain
understandings between such parties, including with respect to certain governance matters. 
 NOW, THEREFORE, the parties agree as follows:

 ARTICLE I 

INTRODUCTORY MATTERS 

1.1 Defined Terms. In addition to the terms defined elsewhere herein, the following terms have the following meanings
when used herein with initial capital letters: 
 “Affiliate” has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof. 
 “Agreement”
means this Stockholders’ Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof. 

“Beneficially Own” has the meaning set forth in Rule 13d-3 promulgated under the
Exchange Act. 
 “Blackstone Designee” has the meaning set forth in Section 2.1(b) hereof. 

“Blackstone Designator” means a Blackstone Party, or any group of Blackstone Parties collectively, then holding of record a
majority of Outstanding Vine Interests Beneficially Owned by all Blackstone Parties. 
  

 “Blackstone Entities” means the entities comprising the Blackstone Parties
and their Affiliates and their respective successors and Permitted Assigns. 
 “Blackstone Parties” means the entities
listed on the signature pages hereto under the heading “Blackstone Parties” and any other Blackstone Entities that may from time to time become parties hereto. 

“Board” means the board of directors of the Company. 

“Class A Common Stock” means the shares of Class A common stock, par value $0.01 per share, of the
Company, and any other capital stock of the Company into which such stock is reclassified or reconstituted. 

“Class B Common Stock” means the shares of Class B common stock, par value $0.01 per share, of the
Company, and any other capital stock of the Company into which such stock is reclassified or reconstituted. 
 “Closing
Date” means the date of the closing of the IPO. 
 “Common Stock” means collectively the Class A Common Stock
and the Class B Common Stock. 
 “Company” has the meaning set forth in the Preamble. 

“Confidential Information” has the meaning set forth in Section 3.3. 

“Control” (including its correlative meanings, “Controlled by” and “under common Control
with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a
Person. 
 “Director” means any director of the Company. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time. 
 “Exchange Agreement” means the exchange agreement, dated on or about the
date hereof, among the Company, VEH and Vine Investment, as amended and in effect from time to time. 
 “Governmental
Authority” means any nation or government, any state or other political subdivision thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Investment Entities” has the meaning set forth in the Preamble. 

“Investor Parties” has the meaning set forth in the Preamble. 

“IPO” has the meaning set forth in the Recitals. 

  
 2 

 “Law” means any statute, law, regulation, ordinance, rule, injunction,
order, decree, governmental approval, directive, requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority.

 “LLC Units” means the Class A Units representing membership interests in VEH and any other class of units or
interests that is established in VEH. 
 “Outstanding Vine Interests” means the outstanding shares of Common Stock. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable Law, or any Governmental Authority or any department, agency or political
subdivision thereof. 
 “Permitted Assigns” means, with respect to a Blackstone Entity, a Transferee of shares of Common
Stock or a Transferee (as defined in the VEH LLC Agreement) that agrees to become party to, and to be bound to the same extent as its Transferor by the terms of, this Agreement. 

“Recipient Parties” has the meaning set forth in Section 3.2. 

“SEC” means the Securities and Exchange Commission. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or other
business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, representatives or trustees thereof is
at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited liability company, partnership, association or other business entity,
a majority of the total voting power of stock (or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the time owned or Controlled, directly or indirectly, by that Person or one or
more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such
Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or Control the managing member, managing director or other governing body or general partner
of such limited liability company, partnership, association or other business entity. 
 “Vine Energy Investment Entities”
has the meaning set forth in the Preamble. 
 “Vine Energy Investment II Entities” has the meaning set forth in the
Preamble. 
 “VEH” means Vine Energy Holdings LLC, a Delaware limited liability company. 

“VEH LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of VEH, dated on or about the date
hereof, as such agreement may be amended from time to time. 

  
 3 

 “Total Number of Directors” means the total number of directors comprising
the Board. 
 “Transfer” (including its correlative meanings, “Transferor,” “Transferee”
and “Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer”
shall have such correlative meaning as the context may require. 
 1.2 Construction. The language used in this
Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not
exclusive, (b) words in the singular include the plural, and in the plural include the singular, and (c) the words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement
refer to this Agreement as a whole and not to any particular provision of this Agreement, and section references are to this Agreement unless otherwise specified. 

ARTICLE II 
 CORPORATE
GOVERNANCE MATTERS 
 2.1 Election of Directors. 

(a) Following the Closing Date, the Blackstone Designator shall have the right (but not the obligation) pursuant to this Agreement to designate
or nominate to the Board, a number of designees equal to at least (i) a majority of the Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own, directly or indirectly, 50% or more of the voting power of
all shares of the Company’s capital stock entitled to vote generally in the election of directors (which shall be four (4) Directors with the initial Board size of seven (7) Directors at IPO); (ii) 40% of the Total Number of
Directors, for so long as the Blackstone Entities collectively beneficially own, directly or indirectly, 40% or more, but less than 50%, of the voting power of all shares of the Company’s capital stock entitled to vote generally in the election
of directors (which shall be three (3) Directors with the initial Board size of seven (7) Directors at IPO); (iii) 30% of the Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own, directly or
indirectly, 30% or more, but less than 40%, of the voting power of all shares of the Company’s capital stock entitled to vote generally in the election of directors (which shall be three (3) Directors with the initial Board size of seven
(7) Directors at IPO); (iv) 20% of the Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own, directly or indirectly, 20% or more, but less than 30%, of the voting power of all shares of the
Company’s capital stock entitled to vote generally in the election of directors (which shall be two (2) Directors with the initial Board size of seven (7) Directors at IPO); and (v) 10% of the Total Number of Directors, for so long as
the Blackstone Entities collectively beneficially own, directly or indirectly, 5% or more, but less than 20%, of the voting power of all shares of the Company’s capital stock entitled to vote generally in the election of directors (which shall
be one (1) Director with the initial Board size of seven (7) Directors at IPO). 

  
 4 

 (b) If at any time the Blackstone Designator has designated fewer than the total number of
individuals that the Blackstone Designator is then entitled to designate pursuant to Section 2.1(a) hereof, the Blackstone Designator shall have the right to designate such additional individuals which it is entitled to so
designate, in which case, any individuals nominated by or at the direction of the Board or any duly-authorized committee thereof for election as Directors to fill any vacancy on the Board shall include such designees, and the Company shall use its
best efforts to (x) effect the appointment or election of such additional designees, whether by increasing the size of the Board or otherwise, and (y) cause the appointment or election of such additional designees to fill any such
newly-created vacancies or to fill any other existing vacancies. Each such individual whom the Blackstone Designator shall actually designate pursuant to this Section 2.1 and who is thereafter elected and qualifies to serve
as a Director shall be referred to herein as a “Blackstone Designee.” 
 (c) The Company, the Investment Entities (so long
as such persons own any of the Company’s capital stock entitled to vote) and the Investor Parties shall, to the fullest extent permitted by law, take all actions to cause the Board to include the Chief Executive Officer of the Company. 

(d) So long as the Blackstone Designator is entitled to designate one or more designees pursuant to Section 2.01(a), the Blackstone
Designator shall have the right to request the removal of any Blackstone Designee (with or without cause) nominated by the Blackstone Designator, from time to time and at any time, from the Board, exercisable upon written notice to the Company, and
the Company shall take all necessary action to cause such removal. 
 (e) In the event that a vacancy is created or exists at any time by the
death, disability, retirement or resignation of any Blackstone Designee or as a result of the Blackstone Designator not yet designating a person to fill such vacancy or Board seat, any individual nominated by or at the direction of the Board or any
duly-authorized committee thereof to fill such vacancy shall be, and the Company shall use its best efforts to cause such vacancy to be filled, as soon as possible, by a new designee of the Blackstone Designator, and the Company shall take, to the
fullest extent permitted by law, at any time and from time to time, all actions necessary to accomplish the same, including by taking Board action to appoint such Blackstone Designee to the Board to fill such vacancy. 

(f) The Company shall, to the fullest extent permitted by law, include in the slate of nominees recommended by the Board at any meeting of
stockholders called for the purpose of electing directors, the persons designated pursuant to this Section 2.1 and use its best efforts to cause the election of each such designee to the Board, including nominating each
such individual to be elected as a Director as provided herein, recommending such individual’s election and soliciting proxies or consents in favor thereof. 

(g) In addition to any vote or consent of the Board or the stockholders of the Company required by applicable Law or the charter or bylaws of
the Company, and notwithstanding anything to the contrary in this Agreement, for so long as this Agreement is in effect, any action by the Board to increase or decrease the Total Number of Directors (other than any increase in the Total Number of
Directors in connection with the election of one or more directors elected exclusively by the holders of one or more classes or series of the Company’s stock 

  
 5 

 
other than Common Stock) shall require the prior written consent of the Blackstone Designator, delivered in accordance with Section 4.13 hereof and any increase in the
Total Number of Directors shall result in a corresponding increase in the number of Blackstone Designees the Blackstone Entities are entitled to designate, appoint, elect or otherwise place on the Board pursuant to
Section 2.01(a) hereof as is necessary to maintain the appropriate percentage representation on the Board by the Blackstone Designees. 

ARTICLE III 
 INFORMATION

 3.1 Books and Records; Access. The Company shall, and shall cause its Subsidiaries to, permit the Blackstone
Entities and their respective designated representatives, at reasonable times and upon reasonable prior notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss the affairs, finances and
condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary; provided, however, that the Company shall not be required to disclose any privileged information of the Company so long as the Company has
used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information to the Blackstone Entities without the loss of any such privilege. 

3.2 Certain Reports. The Company shall deliver or cause to be delivered to the Blackstone Entities and the Investment
Entities (so long as such persons own any of the Company’s capital stock entitled to vote) (together, the “Recipient Parties”), at their request: 

(a) As soon as available, but not later than thirty (30) days after the end of each calendar month the Company will provide the Recipient
Parties a monthly report that will include the following information: (i) a monthly and year-to-date lease operating statement with a comparison to the comparable
periods’ budget, (ii) a monthly and year-to-date summary unaudited balance sheet and the related statements of income, equity and cash flows of the Company and
its consolidated Subsidiaries for such periods with a comparison to the comparable periods’ budget, (iii) a summary description of the business activities that took place during such period along with the operating and financial
performance of the Company for such monthly period and the year to date, including an explanation of any material discrepancies or variances from the comparable periods’ budgets referenced in clause (ii) and (iv) such other
information as the Blackstone Entities shall reasonably request; provided, that any information requested pursuant to the foregoing clause (iv) shall be provided as soon as available, but not later than the later of (x) fifteen (15)
days from the date of such request or (y) thirty (30) days after the end of such calendar month to which the requested information pertains; 

(b) As soon as available, but not later than sixty (60) days after the end of each calendar quarter (excluding each calendar quarter
ending December 31), the Company will provide the Recipient Parties with the Company’s consolidated unaudited balance sheet and the related unaudited statements of income, equity and cash flows as of the end of such immediately preceding
calendar quarter, in each case, prepared in accordance with GAAP; 

  
 6 

 (c) As soon as available, but not later than 105 days after the end of each fiscal year, the
Company will provide the Recipient Parties with the Company’s audited consolidated balance sheet and the related audited consolidated statements of income, equity and cash flows for such fiscal year, such annual financial reports to include
notes and to be in reasonable detail, prepared in accordance with GAAP, and accompanied by an opinion of an independent public accountant of nationally recognized standing; and 

(d) Notwithstanding the foregoing, the Company will be deemed to have delivered such information referred to in this
Section 3.2 to the Recipient Parties for all purposes of this Agreement if the Company has filed reports containing such information with the SEC via the EDGAR filing system (or any successor system) and such reports are
publicly available. In addition, the requirements of this Section 3.2 shall be deemed satisfied and the Company will be deemed to have delivered such information referred to this Section 3.2 to the
Recipient Parties for all purposes of this Agreement by the posting of reports that would be required to be provided on the Company’s website. The Recipient Parties shall have no obligation to monitor whether the Company posts such reports,
information and documents on its website or the SEC’s EDGAR service, or collect any such information from the Company’s website or the SEC’s EDGAR service. Further, that, the Recipient Parties may request that the Company not provide
any of the information required pursuant to clauses (a), (b) and (c) of this Section 3.2 if such information is reasonably expected to contain any material
non-public information (within the meaning of U.S. federal securities laws). 
 3.3
Disclosure of Information. The Recipient Parties acknowledge that they shall receive information from or regarding the Company and its Subsidiaries in the nature of trade secrets or that otherwise is confidential information or
proprietary information (as further defined below, “Confidential Information”), the release of which would be damaging to the Company or Persons with which the Company conducts business. Each Recipient Party shall hold in strict
confidence any Confidential Information that such recipient receives pursuant to this Agreement, and each Recipient Party shall not disclose such Confidential Information to any Person (including any Affiliates) other than another Recipient Party or
a Director or officer of the Company, or otherwise use such information for any purpose other than to evaluate, analyze, and keep apprised of the Company’s and its Subsidiaries’ assets and their interest therein and for the internal use
thereof by a Recipient Party or its Affiliates, except for disclosures (i) to comply with any Laws (including applicable stock exchange or quotation system requirements), provided, that a Recipient Party must notify the Company promptly of any
disclosure of Confidential Information which is required by Law, and any such disclosure of Confidential Information shall be to the minimum extent required by Law, (ii) to Affiliates, partners, members, stockholders, investors, directors,
officers, employees, agents, attorneys, consultants, lenders, professional advisers or representatives of the Recipient Party or its Affiliates (provided, that such Recipient Party shall be responsible for assuring such partners’,
members’, stockholders’, investors’, directors’, officers’, employees’, agents’, attorneys’, consultants’, lenders’, professional advisers’ and representatives’ compliance with the terms
hereof, except to the extent any such Person who is not a partner, member, stockholder, director, officer or employee has agreed in writing addressed to the Company to be bound by customary undertakings with respect to confidential and proprietary
information similar to this Section 3.3), or to Persons to which that Recipient Party’s holdings of capital stock of the Company is proposed to be transferred, but only if the recipients of such information have agreed
to be bound by customary confidentiality undertakings similar to this Section 3.3, (iii) of information that a Recipient Party also has received from a source independent of the Company and that such Recipient Party
reasonably believes such source obtained without 

  
 7 

 
breach of any obligation of confidentiality to the Company, (iv) of information obtained prior to the formation of Vine Oil & Gas LP, provided, that this clause
(iv) shall not relieve any Recipient Party or any of its Affiliates from any obligations it may have to any other Recipient Party or any of its Affiliates under any existing confidentiality agreement, (v) that have been or become
independently developed by a Recipient Party or its Affiliates or on their behalf without using any of the Confidential Information, (vi) that are or become generally available to the public (other than as a result of a prohibited disclosure by
such Recipient Party or its representatives), (vii) in connection with any proposed transfer of all or part of a Recipient Party’s holdings of capital stock of the Company or the proposed sale of all or substantially all of a Recipient Party or
its direct or indirect parent, to (A) advisers or representatives of the Recipient Party, (B) its direct or indirect parent or (C) Persons to which such interests may be transferred, but only if the recipients of such information have
agreed to be bound by customary undertakings with respect to confidential and proprietary information similar to this Section 3.3 or (viii) to the extent the Company shall have consented to such disclosure in writing.
The term “Confidential Information” shall include any information pertaining to the Company’s or any of its Subsidiaries’ business which is not available to the public, whether written, oral, electronic, visual form or in any
other media, including, without limitation, such information that is proprietary, confidential or concerning the Company’s (or any of its Subsidiaries’) ownership and operation of their respective assets or related matters, including any
actual or proposed operations or development project or strategies, other operations and business plans, actual or projected revenues and expenses, finances, contracts and books and records. Notwithstanding the foregoing, the Recipient Parties and
their Affiliates may make disclosures to their respective direct and indirect limited partners 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 the Blackstone Entities. Each Recipient Party acknowledges that Confidential Information furnished to it pursuant to this Agreement may include material nonpublic information concerning the Company and its
related parties or their respective securities and hereby confirms that it is familiar with the Exchange Act and the rules and regulations promulgated thereunder. 

ARTICLE IV 
 GENERAL
PROVISIONS 
 4.1 Termination. This Agreement shall terminate on the earlier to occur of (i) such time as the
Blackstone Designator is no longer entitled to designate a Director pursuant to Section 2.1(a) hereof and (ii) the delivery of a written notice by the Blackstone Designator to the Company requesting that this Agreement
terminate. 
 4.2 Notices. Any notice, designation, request, request for consent or consent provided for in this
Agreement shall be in writing and shall be either personally delivered, or mailed first class mail (postage prepaid) or sent by reputable overnight courier service (charges prepaid) to the Company at the address set forth below and to any other
recipient at the address indicated on the Company’s records, or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices and other such documents will be
deemed to have been given or made hereunder when sent by facsimile (receipt confirmed) delivered personally, five (5) days after deposit in the U.S. mail and one (1) day after deposit with a reputable overnight courier service. 

  
 8 

	 	(a)	 If to the Company, to: 

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

Attention: Eric Marsh, Chief Executive Officer 

Fax: (877) 992-0118 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 
 Houston, Texas
77002 
 Attention: Matthew R. Pacey and Michael W. Rigdon 

Fax: (713) 835-3601 
  

	 	(b)	 If to the Blackstone Entities, to: 

The Blackstone Group L.P. 
 345
Park Avenue, Suite 3300 
 New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to: 

Kirkland & Ellis LLP 

609 Main Street 
 Houston, Texas
77002 
 Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 
  

	 	(c)	 If to either of Vine Investment or Vine Investment II, to: 

Vine Investment LLC 
 c/o
Blackstone Management Partners, L.L.C. 
 345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 
 Houston, Texas
77002 
 Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

  
 9 

	 	(d)	 If to either of Brix Investment or Brix Investment II, to: 

Brix Investment LLC 
 c/o
Blackstone Management Partners, L.L.C. 
 345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 
 Houston, Texas
77002 
 Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 
  

	 	(e)	 If to either of Harvest Investment or Harvest Investment II, to: 

Harvest Investment LLC 
 c/o
Blackstone Management Partners, L.L.C. 
 345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 
 Houston, Texas
77002 
 Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

4.3 Amendment; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written instrument
executed by the Company and the other parties hereto. Neither the failure nor delay on the part of any party hereto to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any
occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 

4.4 Further Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions
passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement and every provision hereof. To the fullest extent permitted by law, the
Company shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, Blackstone or any Blackstone Entity being deprived of the rights contemplated by this Agreement. 

  
 10 

 4.5 Assignment. This Agreement will inure to the benefit of and be
binding on the parties hereto and their respective successors and permitted assigns. This Agreement may not be assigned without the express prior written consent of the other parties hereto, and any attempted assignment, without such consents, will
be null and void; provided, however, that, without the prior written consent of the Company, a Blackstone Party may assign this Agreement, in whole or in part, to any of its Permitted Assigns. 

4.6 Third Parties. Except as provided for in Article II and Section 3.1 hereof with respect to
any Blackstone Entity, this Agreement does not create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 

4.7 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware,
without regard to principles of conflicts of laws thereof. 
 4.8 Jurisdiction; Waiver of Jury Trial. In any judicial
proceeding involving any dispute, controversy or claim arising out of or relating to this Agreement, each of the parties unconditionally accepts the jurisdiction and venue of the courts of the State of Delaware or if jurisdiction over the matter is
vested exclusively in federal courts, the United States District Court for the District of Delaware, and the appellate courts to which orders and judgments thereof may be appealed. In any such judicial proceeding, the parties agree that in addition
to any method for the service of process permitted or required by such courts, to the fullest extent permitted by law, service of process may be made by delivery provided pursuant to the directions in Section 4.2 hereof.
EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

4.9 Specific Performance. Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by
any of them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and
agrees that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement without the posting of bond. 

4.10 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the
subject matter hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or thereof other than those expressly set forth herein and therein. This Agreement supersedes all
other prior agreements and understandings between the parties with respect to such subject matter. 

  
 11 

 4.11 Severability. If any provision of this Agreement, or the
application of such provision to any Person or circumstance or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby, and each other provision hereof
shall be valid and enforceable to the fullest extent permitted by law, (ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted by law, and
(iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected thereby. 

4.12 Table of Contents, Headings and Captions. The table of contents, headings, subheadings and captions contained in this
Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any provision hereof. 

4.13 Grant of Consent. Any vote, consent or approval of, or designation by, or other action of, the Blackstone Designator
hereunder shall be effective if notice of such vote, consent, approval, designation or action is provided in accordance with Section 4.2 hereof by the Blackstone Party or Investor Parties holding of record a majority of the
Outstanding Vine Interests then held of record by Blackstone Parties as of the latest date any such notice is so provided. 
 4.14
Counterparts. This Agreement and any amendment hereto may be signed in any number of separate counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one Agreement (or amendment, as
applicable). 
 4.15 Effectiveness. This Agreement shall become effective upon the Closing Date. 

4.16 No Recourse. This Agreement may only be enforced against, and any claims or cause of action that may be based upon,
arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the entities that are expressly identified as parties hereto and no past, present or future Affiliate, director,
officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim based on, in
respect of, or by reason of, the transactions contemplated hereby. 
 [Remainder of Page Intentionally Left Blank] 

 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year
first above written. 
  

			
	COMPANY:
	
	VINE ENERGY INC.
		
	By:	 	 /s/ Eric D. Marsh

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

 Signature Page to Vine Energy Inc. Stockholders’ Agreement 

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

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

 Signature Page to Vine Energy Inc. Stockholders’ Agreement 

 
			
	BLACKSTONE CAPITAL PARTNERS VI-Q (PUB) L.P.
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director
	
	BLACKSTONE CAPITAL PARTNERS II-Q (PUB) L.P.
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director
	
	BLACKSTONE ENERGY PARTNERS II-F. Q (PUB) L.P.
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director
	
	BLACKSTONE CAPITAL PARTNERS Q (PUB) L.P.
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director

 Signature Page to Vine Energy Inc. Stockholders’ AgreementEX-10.6

 Exhibit 10.6 

Execution Version 

MASTER REORGANIZATION AGREEMENT 

This Master Reorganization Agreement (this “Agreement”), dated as of March 17, 2021, is entered into by and among
(a) Vine Oil & Gas Holdings LLC (“Vine Holdings”), (b) each of the individuals and entities listed on Schedule 1 attached hereto who, in each case, owned equity interests in Vine Oil & Gas Parent LP
(“Vine LP”) and/or Vine Oil & Gas Parent GP LLC (“Vine GP”) as indicated on Schedule 1 prior to the execution of this Agreement (the “Vine Equity Holders” and, together with Vine
Holdings, the “Existing Vine Owners”), (c) B&H Oil and Gas L.L.C. (“B&H Holdings”), (d) each of the individuals and entities listed on Schedule 2 attached hereto who, in each case, owned equity
interests in Brix Oil & Gas Holdings LP (“Brix LP”) and/or Brix Oil & Gas Holdings GP LLC (“Brix GP”) as indicated on Schedule 2 prior to the execution of this Agreement (the “Brix
Equity Holders” and together with B&H Holdings, the “Existing Brix Owners”), (e) each of the entities listed on Schedule 3 attached hereto who, in each case, owned equity interests in Harvest Royalties Holdings
LP (“Harvest LP”) and/or Harvest Royalties Holdings GP LLC (“Harvest GP”) as indicated on Schedule 3 prior to the execution of this Agreement (the “Harvest Equity Holders” and together with
B&H Holdings, the “Existing Harvest Owners”), (f) Vine Energy Inc. (“VEI”), and (g) Vine Energy Holdings LLC (“VEH”). The parties to this Agreement are each sometimes referred to herein as
a “Party” and collectively as the “Parties”. 
 RECITALS 

WHEREAS, in connection with, and prior to the completion of, an initial public offering (the “Offering”) of
VEI’s Class A common stock, par value $0.01 per share (the “Class A Common Stock”), pursuant to, and as more fully described in, a registration statement filed with the U.S. Securities and Exchange
Commission, Registration No. 333-253366 (the “Registration Statement”), certain restructuring transactions shall be undertaken, as more fully described in the Registration Statement (the
“Reorganization”); 
 WHEREAS, the boards of directors, managers, and/or members, as applicable, of each of the
Parties (other than the Vine Equity Holders, Brix Equity Holders or the Harvest Equity Holders) has determined that it is in the best interests of such Party to undertake the Reorganization; 

WHEREAS, the Parties acknowledge and agree that the board of directors of VEI, in its sole discretion, has the authority to determine
the terms of the Offering, including the number of shares of Class A Common Stock to be sold to the public and the IPO Price (as defined herein); and 

WHEREAS, in connection with the Offering and the Reorganization, the Parties desire to, among other things, (a) establish the
economic terms of the Reorganization and (b) enter into certain agreements to effectuate the foregoing, in each case as further described in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows, and further agree that the actions set forth in Article II shall be deemed to have been taken and become effective in the order set forth
therein. 
  

 ARTICLE I 

DEFINITIONS 
 The terms set
forth below in this Article I shall have the meanings ascribed to them below or in the part of this Agreement referred to below: 

“Blocker Entities” means certain entities that are taxable as corporations for U.S. federal income tax purposes and through
which certain Existing Owners indirectly hold VEH Interests. 
 “Class A VEH Units” means Class A
units representing limited liability company membership interests in VEH, which have been received pursuant to Section 2.9. 

“Class B Common Stock” means the Class B common stock, par value $0.01 per share, of VEI. 

“Class B VEH Units” means Class B units representing limited liability company membership interests
in VEH, which have been received pursuant to Section 2.5. 
 “Effective Date” means the date of
the closing of the Offering. 
 “Effective Time” means 12:01 a.m. Central Standard Time on the Effective Date. 

“Existing Owners” means, collectively, the Existing Vine Owners, the Existing Brix Owners, the Existing Harvest Owners and
their direct or indirect beneficial owners. 
 “IPO Price” means the initial public offering price per share of common
stock in the Offering. 
 “Operating Companies” means, collectively, Vine LP, Vine GP, Brix LP, Brix GP, Harvest LP and
Harvest GP. 
 “VEH Interests” means the newly issued limited liability company membership interests in VEH resulting from
the Existing Owners’ contribution of all of their equity interests in the Operating Companies to VEH pursuant to Section 2.1. 

“VEH LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of VEH, dated as of March 17,
2021, in the form attached hereto as Exhibit A. 
 ARTICLE II 

CONTRIBUTIONS AND ACKNOWLEDGEMENTS 

Section 2.1 Contribution of LP Units and GP Units to VEH. Effective immediately
following the Effective Time, (a) the Existing Vine Owners shall contribute all of their equity interests in Vine LP and Vine GP, as applicable, to VEH in exchange for newly issued VEH Interests, (b) the Existing Brix Owners shall
contribute all of their equity interests in Brix LP and Brix GP, as applicable, to VEH in exchange for newly issued VEH Interests, and (c) the Existing Harvest Owners shall contribute all of their equity interests in Harvest LP and Harvest GP,
as applicable, to VEH in exchange for newly issued VEH Interests. 

  
 -2- 

 Section 2.2 Contribution of Blocker Entities to VEI.
Effective immediately following the transactions described in Section 2.1, (a) certain Existing Owners shall distribute VEH Interests attributable to certain Blocker Entities and any profits interests in respect thereof
(the “Distributed VEH Interests”) to the applicable Blocker Entity or the Existing Owner that holds such profits interests and (b) certain Existing Owners shall contribute all of their respective interests in the Blocker
Entities that received Distributed VEH Interests (which, collectively, constitute all of the issued and outstanding equity interests of each Blocker Entity) and the Existing Owners that received the other Distributed VEH Interests shall contribute
the Distributed VEH Interests to VEI in exchange for newly issued Class A Common Stock. 
 Section 2.3
Contribution of VEH Interests to VEI. Concurrently with the transactions described in Section 2.2, certain Existing Owners shall contribute VEH Interests to VEI in exchange for newly issued Class A
Common Stock (the “Investment 1 VEI Stock”). 
 Section 2.4 Contribution of
Class A Common Stock to Investment II Entities. Effective immediately following the transactions described in Section 2.2 and Section 2.3, (a) the Existing
Vine Owners shall contribute all of their Class A Common Stock (other than their Investment 1 VEI Stock) to Vine Investment II LLC (“Vine Investment II”) in exchange for newly issued equity interests in Vine Investment II,
(b) the Existing Brix Owners shall contribute all of their Class A Common Stock (other than their Investment 1 VEI Stock) to Brix Investment II LLC (“Brix Investment II”) in exchange for newly issued equity interests in
Brix Investment II, and (c) the Existing Harvest Owners shall contribute all of their Class A Common Stock (other than their Investment 1 VEI Stock) to Harvest Investment II LLC (“Harvest Investment II”) in exchange for
newly issued equity interests in Harvest Investment II. 
 Section 2.5 Exchange;
Class B Common Stock. Effective immediately following the transactions described in Section 2.4, certain Existing Owners shall exchange all of their remaining VEH Interests for newly
issued Class B VEH Units and receive newly issued Class B Common Stock. 
 Section 2.6
Contribution of Class B VEH Units and Class B Common Stock to Investment Entities. Effective immediately following the transactions described in
Section 2.5, the Existing Vine Owners shall contribute all of their Investment 1 VEI Stock, Class B VEH Units and Class B Common Stock to Vine Investment LLC (“Vine Investment”) in exchange for
newly issued equity interests in Vine Investment, (b) the Existing Brix Owners shall contribute all of their Investment 1 VEI Stock, Class B VEH Units and Class B Common Stock to Brix Investment LLC (“Brix
Investment”) in exchange for newly issued equity interests in Brix Investment, and (c) the Existing Harvest Owners shall contribute all of their Investment 1 VEI Stock, Class B VEH Units and Class B Common Stock to Harvest
Investment LLC (“Harvest Investment”) in exchange for newly issued equity interests in Harvest Investment. 

Section 2.7 Consummation of the Offering. Effective immediately following the transactions described
in Section 2.1 through Section 2.6, VEI shall consummate the Offering. 

  
 -3- 

 Section 2.8 VEH LLC Agreement. Effective immediately
following the consummation of the Offering as described in Section 2.7, the members of VEH shall enter into the VEH LLC Agreement, in the form attached hereto as Exhibit A. 

Section 2.9 Contribution of Proceeds to VEH. Effective immediately following the execution of the VEH
LLC Agreement as described in Section 2.8, VEI shall contribute the net proceeds of the Offering to VEH in exchange for newly issued Class A VEH Units. 

Section 2.10 Resulting Ownership Post-Reorganization. After giving effect to the foregoing
transactions and the Offering: (a) VEI will own an approximate 50.5% interest in VEH (or 52.4% if the underwriters’ option to purchase additional shares is exercised in full), (b) Vine Investment will own an approximate 25.2% interest in
VEH and 0.1% interest in VEI (or 24.2% and 0.1% if the underwriters’ option to purchase additional shares is exercised in full), (c) Brix Investment will own an approximate 24.0% interest in VEH and 0.1% interest in VEI (or 23.1% and 0.1% if
the underwriters’ option to purchase additional shares is exercised in full), (d) Harvest Investment will own an approximate 0.3% interest in VEH and less than 0.1% interest in VEI (or 0.3% and less than 0.1% if the underwriters’ option to
purchase additional shares is exercised in full), (e) Vine Investment II will own an approximate 13.7% interest in VEI (or 13.1% if the underwriters’ option to purchase additional shares is exercised in full), (f) Brix Investment II will own an
approximate 9.4% interest in VEI (or 9.1% if the underwriters’ option to purchase additional shares is exercised in full) and (g) Harvest Investment II will own an approximate 0.2% interest in VEI (or 0.2% if the underwriters’ option
to purchase additional shares is exercised in full). 
 ARTICLE III 

FURTHER ASSURANCES 
 From
time to time after the Effective Time, and without any further consideration, the Parties agree to execute, acknowledge and deliver all such additional, assignments, conveyances, instruments, notices and other documents, and to do all such other
acts and things, all in accordance with applicable law, as may be necessary or appropriate (a) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges
granted by this Agreement, or which are intended to be so granted, (b) more fully and effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the interests contributed and
assigned by this Agreement or intended to be so and (c) more fully and effectively to carry out the purposes and intent of this Agreement. 

ARTICLE IV 

REPRESENTATIONS 

Section 4.1 Mutual Representations. Each of the Parties hereby represents and warrants to each
other Party: 
 (a) that the execution, delivery and performance by such Party of this Agreement, and the consummation of the
transactions contemplated hereby, do not and shall not (i) conflict with or violate the certificate of incorporation, bylaws, certificate of formation, operating agreement or similar organizational document (“Organizational 

  
 -4- 

 
Documents”) of such Party, as in effect on the date hereof; (ii) conflict with or violate any law applicable to such Party; or (iii) result in any breach of, constitute a
default (or an event that, with notice or lapse of time or both, would become a default) under, require any consent of or notice to any person pursuant to, give to others any right of termination, amendment, modification, acceleration or
cancellation of, allow the imposition of any fees or penalties, require the offering or making of any payment or redemption, give rise to any increased, guaranteed, accelerated or additional rights or entitlements of any person or otherwise
adversely affect any rights of such Party under or pursuant to, any note, bond, mortgage, indenture, agreement, lease, license, permit, franchise, instrument, obligation or other contract to which such Party is a party or by which such Party or its
assets may be bound or affected; and 
 (b) that such Party owns all interests contributed hereby free and clear of all
liens, encumbrances, security interests, equities, charges or claims. 
 ARTICLE V 

MISCELLANEOUS 

Section 5.1 Release. Effective as of the Effective Date, each of the Parties, on behalf of himself (or
herself or itself) and his (or her or its assigns), heirs, beneficiaries, representatives, agents and affiliates (the “Releasing Parties”), hereby fully and finally releases, acquits and forever discharges each of the other Parties
and affiliates and each of their respective present and former officers, directors, employees, agents, predecessors, successors, assigns, members, managers, equityholders, controlling persons, insurers and attorneys (the “Released
Parties”) from any and all claims, causes of action, liabilities, losses, costs, damages, penalties, charges, expenses and all other forms of liability or obligation whatsoever, in law or equity, whether asserted or unasserted, known or
unknown, foreseen or unforeseen (“Claims”), arising prior to the Effective Date and relating to such Releasing Party’s ownership of equity of Vine LP, Vine GP, Brix LP, Brix GP, Harvest LP, Harvest GP, or any of their
respective subsidiaries (collectively, the “Operating Companies”) prior to the Effective Date (collectively, the “Released Claims”); provided, however, that the Released Claims shall exclude
any Claims arising from or relating to or in connection with (a) rights or obligations under this Agreement and (b) any claim or right to indemnification or advancement of expenses under (i) the Organizational Documents of the
Operating Companies (ii) the VEH LLC Agreement or (iii) any other agreement between such Releasing Party and the Operating Companies or their respective affiliates, in each case, as in effect prior to the Effective Date. Each Releasing
Party expressly acknowledges that the release contained herein applies to all Released Claims, whether such Released Claims are known or unknown, and include Released Claims that if known by the releasing party might materially affect its decision
to effect the settlement contained herein. Each Releasing Party has considered and taken into account the possible existence of such Released Claims in determining to execute and deliver this Agreement. Without limiting the generality of the
foregoing, solely with respect to the Released Claims, each Releasing Party expressly waives any and all rights conferred upon it by any statute or rule of law that provides that a release does not extend to claims that the Releasing Party does not
know or suspect to exist in its favor at the time of executing the release, which if known by the Releasing Party would have materially affected the Releasing Party’s settlement with the Released Parties. This Agreement constitutes a complete
defense of any and all Released Claims. Each Releasing Party further agrees not to initiate any litigation, lawsuit, claim or action against any Released Party with respect to any Released Claim, except that the Releasing Party shall not be limited
hereby from responding to, joining, prosecuting or being involved in any litigation, lawsuit, claim or action brought against such Releasing Party in respect of a Released Claim, nor from adjudicating whether or not a Claim constitutes a Released
Claim. 

  
 -5- 

 Section 5.2 Successors and Assigns; No Third Party
Rights. The Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns. Except as set forth in Section 5.1 for the Released Parties, this Agreement is not
intended to, and does not create, rights in any other person and no person is or is intended to be a third-party beneficiary of any of the provisions of this Agreement. 

Section 5.3 Severability. If any of the provisions of this Agreement are held by any court of
competent jurisdiction to contravene, or to be invalid under, the laws of any political body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement
shall be construed as if it did not contain the particular provision or provisions held to be invalid, and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this
Agreement at the time of execution of this Agreement. 
 Section 5.4 Waivers and Amendments. Any
waiver of any term or condition of this Agreement, or any amendment or supplement to this Agreement, shall be effective only if in writing and signed by the Parties. A waiver of any breach or failure to enforce any of the terms or conditions of this
Agreement shall not in any way affect, limit or waive a Party’s rights hereunder at any time to enforce strict compliance thereafter with every term or condition of this Agreement. 

Section 5.5 Entire Agreement. This Agreement, together with the VEH LLC Agreement and all other
documents and agreements entered into in connection with or contemplated by the Reorganization, constitute the entire agreement among the Parties pertaining to the transactions contemplated hereby, and together supersede all prior agreements,
understandings, negotiations and discussions, whether oral or written, of the Parties pertaining thereto. 

Section 5.6 Governing Law. The Agreement shall be governed by, and construed in accordance with, the
laws of the State of Delaware, without regard to principles of conflicts of laws thereof. 
 Section 5.7
Counterparts. This Agreement may be executed in any number of counterparts (including by facsimile or other electronic means) with the same effect as if all Parties had signed the same document. 

Section 5.8 Further Action. The Parties shall execute and deliver all documents, provide
all information and take or refrain from taking action as may be necessary or appropriate to achieve the purposes of this Agreement. 
 * * *
* * 
  

  
 -6- 

 IN WITNESS WHEREOF, this Agreement has been duly executed by each of the Parties as of the
date first written above. 
  

			
	VINE OIL & GAS HOLDINGS LLC
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: President
	
	B&H OIL AND GAS L.L.C.
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: President
	
	BLACKSTONE MANAGEMENT ASSOCIATES VI L.L.C.
	
	By: BMA VI L.L.C., its sole member
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director
	
	BLACKSTONE ENERGY MANAGEMENT ASSOCIATES L.L.C.
	
	By: Blackstone EMA L.L.C., its sole member
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director

  

  
 Signature Page to
Master Reorganization Agreement 

 
			
	BLACKSTONE ENERGY MANAGEMENT ASSOCIATES II L.L.C.
		
	By:	 	 /s/ Angelo Acconcia

	Name: Angelo Acconcia
	Title: Senior Managing Director

  

  
 Signature Page to
Master Reorganization Agreement 

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

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

	Name: Eric D. Marsh
	Title: President and Chief Executive Officer
	
	VINTNER RESOURCES, LLC
	
	By: ELMCO LIVING TRUST, its manager
		
	By:	 	 /s/ Eric D. Marsh

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

  

  
 Signature Page to
Master Reorganization Agreement 

 
	
	 /s/ Wayne Stoltenberg

	Wayne Stoltenberg
	
	 /s/ David Elkin

	David Elkin
	
	 /s/ Randy Blurton

	Randy Blurton
	
	 /s/ Brian Dutton

	Brian Dutton
	
	 /s/ Phuong Le

	Phuong Le
	
	 /s/ Beth Truelove

	Beth Truelove
	
	 /s/ Michael Adams

	Michael Adams
	
	 /s/ James Grover

	James Grover
	
	 /s/ Mark Henry

	Mark Henry

  

  
 Signature Page to
Master Reorganization Agreement 

 
	
	 /s/ Rachel Zavala

	Rachel Zavala
	
	 /s/ Jonathan Curth

	Jonathan Curth

  

  
 Signature Page to
Master Reorganization Agreement 

 Schedule 11 

Vine Equity Holders 
  

					
	Name	  	Equity Interests Owned
	  	Vine LP	  	Vine GP
	 Vintner Resources, LLC
	  	X	  	X
	 Wayne Stoltenberg
	  	X	  	—
	 David Elkin
	  	X	  	—
	 Randy Blurton
	  	X	  	—
	 Brian Dutton
	  	X	  	—
	 Phuong Le
	  	X	  	—
	 Beth Truelove
	  	X	  	—
	 Michael Adams
	  	X	  	—
	 James Grover
	  	X	  	—
	 Mark Henry
	  	X	  	—
	 Rachel Zavala
	  	X	  	—
	 Jonathan Curth
	  	X	  	—
	 Blackstone Management Associates VI L.L.C.
	  	—	  	X
	 Blackstone Energy Management Associates L.L.C.
	  	—	  	X

  

	1 	 Blackstone and management have agreed to crystallize the waterfalls in each Vine, Brix and Harvest investment
vehicle on the 90th day following the closing of the IPO using the 30-day volume-weighted average price of the Class A common stock as of such date so that each unitholder will hold fully vested capital
interests not subject to repurchase. Additionally, Blackstone and management have agreed that any sale of common stock from such investment vehicles shall be made on a proportional basis across such vehicles. 

  
 Schedule 1 to Master
Reorganization Agreement 

 Schedule 2 

Brix Equity Holders 
  

					
	Name	  	Equity Interests Owned
	  	Brix LP	  	Brix GP
	 Vintner Resources, LLC
	  	X	  	X
	 Wayne Stoltenberg
	  	X	  	—
	 David Elkins
	  	X	  	—
	 Randy Blurton
	  	X	  	—
	 Brian Dutton
	  	X	  	—
	 Phuong Le
	  	X	  	—
	 Beth Truelove
	  	X	  	—
	 Michael Adams
	  	X	  	—
	 Mark Henry
	  	X	  	—
	 Rachel Zavala
	  	X	  	—
	 Jonathan Curth
	  	X	  	—
	 Blackstone Management Associates VI L.L.C.
	  	—	  	X
	 Blackstone Energy Management Associates II L.L.C.
	  	—	  	X

  

  
 Schedule 2 to Master
Reorganization Agreement 

 Schedule 3 

Harvest Equity Holders 
  

					
	Name	  	Equity Interests Owned
	  	Harvest LP	  	Harvest GP
	 Vintner Resources, LLC
	  	X	  	X
	 David Elkins
	  	X	  	—
	 Wayne Stoltenberg
	  	X	  	—
	 Beth Truelove
	  	X	  	—
	 Phuong Le
	  	X	  	—
	 Randy Blurton
	  	X	  	—
	 Blackstone Management Associates VI L.L.C.
	  	—	  	X
	 Blackstone Energy Management Associates II L.L.C.
	  	—	  	X

  

  
 Schedule 3 to Master
Reorganization Agreement 

 Exhibit A 

VEH LLC Agreement 
 See
attached. 
  

  
 Exhibit A to Master
Reorganization Agreement

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