Document:

FIRST AMENDMENT dated as of July 29, 2019 (this “Amendment”), to the CREDIT AGREEMENT dated as of April 6, 2017 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing
        Credit Agreement”, and as further amended, supplemented or otherwise modified by this Amendment, the “Credit Agreement”; capitalized terms used and
    not defined herein shall have the meanings assigned to such terms in the Credit Agreement), among AMERICAN AXLE & MANUFACTURING, INC., a Delaware corporation (the “Borrower”),

    AMERICAN AXLE & MANUFACTURING HOLDINGS, INC., a Delaware corporation (the “Parent”), the LENDERS party thereto and JPMORGAN CHASE BANK, N.A., as
    Administrative Agent (the “Administrative Agent”).

   

  WHEREAS, the Borrower, in accordance with Section 2.23 of the Existing Credit Agreement, has requested by written notice to the Administrative
    Agent the establishment of Incremental Term Loans in an aggregate principal amount of $340,000,000 (the “Incremental Term Loan”), and the Persons set forth on Schedule I hereto are willing to commit to provide the Incremental Term Loans (the “Incremental

        Term Lenders”; the commitment of each Incremental Term Lender to make an Incremental Term Loan in a principal amount not exceeding the amount set forth opposite such Incremental Term Lender’s name on Schedule I hereto under the caption “Incremental Term Commitment” being referred to as its “Incremental Term
        Commitment”) on terms identical to those of the Tranche A Term Loans outstanding immediately prior to the effectiveness of this Amendment (the “Existing
        Tranche A Term Loans”) other than as set forth herein;

   

  WHEREAS, the Borrower, in accordance with Section 2.25 of the Existing Credit Agreement, has delivered to the Administrative Agent a Maturity
    Date Extension Request dated as of July 26, 2019, requesting an extension of the Revolving Maturity Date (the “Maturity Date Extension”);

   

  WHEREAS, (a) each Lender holding Revolving Commitments and/or Revolving Loans immediately prior to the consummation of the transactions
    specified in Section 3 hereof (each, an “Existing Revolving Lender”) that executes and delivers a signature page to this Amendment (each, a “Consenting Revolving Lender”) at or prior to 5:00 p.m., New York City time, on July 24, 2019 (the “Delivery Time”), will have agreed to the terms of this Amendment upon the effectiveness of this Amendment on the Amendment Effective Date, and (b) each Existing Revolving Lender that does not execute and deliver a
    signature page to this Amendment at or prior to the Delivery Time (each, a “Declining Revolving Lender”) will be deemed not to have agreed to this Amendment and
    will be subject to the mandatory assignment provision of Section 2.20(b) of the Credit Agreement as a Declining Lender upon the effectiveness of this Amendment on the Amendment Effective Date (it being understood that the interests, rights and
    obligations of the Declining Revolving Lenders under the Loan Documents will be assumed by (i) certain Consenting Revolving Lenders and (ii) certain financial institutions that are not Existing Revolving Lenders and that are party hereto (each, a “New Revolving Lender”), in each case in accordance with Sections 2.20(b) and 9.04(b) of the Credit Agreement and Sections 3(a) and 3(b) hereof); and

   

   

  
    
      
 

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  WHEREAS, with respect to the foregoing, this Amendment is an amendment entered into pursuant to Sections 2.23 and 2.25 of the Credit Agreement
    to provide for the Incremental Term Loans and Maturity Date Extension.

   

  NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and
    receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

   

  SECTION 1.  Rules of Interpretation.  The rules of
    interpretation set forth in Section 1.03 of the Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.

   

  SECTION 2.  Incremental Term Loans.

   

  (a)  Subject to the terms and conditions set forth herein, each Incremental Term Lender severally agrees to make to the
    Borrower an Incremental Term Loan as a single Loan on the Amendment Effective Date in a principal amount not exceeding such Incremental Term Lender’s Incremental Term Commitment, as set forth on Schedule I hereto.  Unless previously terminated, the Incremental Term Commitments shall terminate upon the funding of the Incremental Term Loans.

   

  (b)  Amounts borrowed under this Section 2 and repaid or prepaid may not be reborrowed.  Incremental Term Loans may be ABR
    Loans or Eurodollar Loans, as further provided in the Credit Agreement.

   

  (c)  The Borrower shall use the proceeds of the Incremental Term Loans to (i) first, repay in full all Existing Tranche A Term Loans and (ii) second, repay a portion of the Tranche B Term
    Loans outstanding on the Amendment Effective Date with the remainder of such proceeds.

   

  SECTION 3.  Maturity Date Extension.

   

  (a)  Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (i) each New Revolving Lender
    shall become, and each Consenting Revolving Lender shall continue to be, a “Revolving Lender” and a “Lender” under the Credit Agreement and (ii) each New Revolving Lender shall have, and each Consenting Revolving Lender shall continue to have, all the
    rights and obligations of a “Revolving Lender” and a “Lender” holding a Revolving Commitment or a Revolving Loan under the Credit Agreement and the other Loan Documents.

   

   

  
    
      
 

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  (b)  Pursuant to Sections 2.20(b), 2.25(a), 9.02(b) and 9.04(b) of the Credit Agreement, on the Amendment Effective Date,
    (i) each Declining Revolving Lender shall be deemed to have assigned, delegated and transferred its Revolving Commitments and its Revolving Loans, as applicable, including any participations in LC Disbursements and (ii) each Consenting Revolving Lender
    that will be allocated an aggregate amount of the Revolving Commitments as of the Amendment Effective Date that is less than the aggregate amount of Revolving Commitments of such Consenting Revolving Lender immediately prior to the Amendment Effective
    Date (as disclosed to such Consenting Revolving Lender by the Administrative Agent prior to the date hereof) shall be deemed to have assigned, delegated and transferred the portion of its Revolving Commitments in excess of such allocated amount
    (together with a proportionate principal amount of the Revolving Loans and participations in LC Disbursements of such Consenting Revolving Lender), in each case together with all its interests, rights (other than its existing rights to payments
    pursuant to Section 2.15 or 2.17 of the Credit Agreement) and obligations under the Loan Documents in respect thereof, to JPMorgan Chase Bank, N.A. (“JPMorgan”),
    as assignee, and, in the case of its Revolving Loans and participations in LC Disbursements, at a purchase price equal to par (the “Revolving Loan Purchase Price”). 

    Upon (1) payment to a Declining Revolving Lender of (x) the Revolving Loan Purchase Price with respect to its Revolving Loans and participations in LC Disbursements so assigned, delegated and transferred pursuant to this paragraph (b) (which shall be
    paid by JPMorgan) and (y) accrued and unpaid interest and fees and other amounts owing under the Existing Credit Agreement, in each case with respect to the Revolving Commitments and Revolving Loans through but excluding the Amendment Effective Date
    (which shall be paid by the Borrower), and (2) the satisfaction of the applicable conditions set forth in Sections 2.20(b), 2.25(a), 9.02(b) and 9.04(b) of the Credit Agreement (but without the requirement of any further action on the part of such
    Declining Revolving Lender, the Borrower, any other Loan Party or the Administrative Agent), such Declining Revolving Lender shall cease to be a party to the Credit Agreement in its capacity as a Revolving Lender and a Lender.

   

  (c)  Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (i) to the extent any
    Consenting Revolving Lender will be allocated an aggregate amount of the Revolving Commitments as of the Amendment Effective Date that is more than the aggregate amount of the Revolving Commitments of such Consenting Revolving Lender immediately prior
    to the Amendment Effective Date (as disclosed to such Consenting Revolving Lender by the Administrative Agent prior to the date hereof), each such Consenting Revolving Lender agrees to assume from JPMorgan such excess amount (together with a
    proportionate principal amount of the Revolving Loans and participations in LC Disbursements at a purchase price equal to par) and (ii) each New Revolving Lender, if any, set forth on Schedule II hereto agrees to assume from JPMorgan Revolving Commitments in an aggregate amount equal to the amount disclosed to such New Revolving Lender by the Administrative Agent prior to the date hereof (together with
    a proportionate principal amount of the Revolving Loans and participations in LC Disbursements at a purchase price equal to par).

   

  (d)  Each New Revolving Lender, if any, by delivering its signature page to this Amendment on the Amendment Effective Date
    and assuming Revolving Commitments and Revolving Loans in accordance with Section 3(c) hereof, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by the
    Administrative Agent or any Lenders, as applicable, on the Amendment Effective Date.

   

   

  
    
      
 

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  (e)  The transactions described in this Section 3 will be deemed to satisfy the requirements of Sections 2.20(b), 9.02(b)
    and 9.04 of the Credit Agreement in respect of the assignment of the Revolving Commitments, Revolving Loans and participations in LC Disbursements so assigned, delegated and transferred pursuant to Sections 3(b) and 3(c) hereof, and this Amendment will
    be deemed to be an Assignment and Assumption with respect to such assignments.

   

  SECTION 4.  Amendments to the Credit Agreement.

   

  (a)  Section 1.01 of the Existing Credit Agreement is hereby amended by adding the following definitions in appropriate
    alphabetical order:

   

  “BHC Act Affiliate” of a party means an “affiliate’
    (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

   

  “Covered Entity” means any of the following:

   

  (i)          a “covered entity” as that term
      is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

   

  (ii)          a “covered bank” as that term is
      defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

   

  (iii)          a “covered FSI” as that term is
      defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

   

  “Covered Party” has the meaning
    assigned to it in Section 9.20.

   

  “Default Right” has the meaning assigned to that
    term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

   

  “First Amendment” means the First Amendment, dated
    as of the First Amendment Effective Date, among the Borrower, the Parent, the Administrative Agent and the Lenders party thereto.

   

  “First Amendment Effective Date” means July 29,
    2019.

   

  “Hedging Agreement” means any interest rate
    protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

   

  “QFC” has the meaning assigned to the term
    “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

   

  “QFC Credit Support” has the
    meaning assigned to it in Section 9.20.

   

  “Supported QFC” has the meaning
    assigned to it in Section 9.20.

   

   

  
    
      
 

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  “U.S. Special Resolution Regime” has the meaning
    assigned to it in Section 9.20.

   

  (b)  Clause (b) of the definition of “Applicable Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended
    and restated in its entirety to read as follows:

   

  (b) with respect to any Tranche A Term Loan, the applicable rate per annum set forth below under the caption “ABR Spread” or “Eurodollar
    Spread” as the case may be, based upon the Total Net Leverage Ratio as of the end of the fiscal quarter for which consolidated financial statements have heretofore been most recently delivered pursuant to Section 5.01(a) or 5.01(b); provided that until the delivery to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b) as of and for the first fiscal quarter ending after the First
    Amendment Effective Date, the Applicable Rate shall be the applicable rate per annum set forth below in Category 2; provided further that in the event that, as of January 1, 2024, (i) Tranche B Term Loans or Indebtedness incurred to refinance Tranche B Term Loans remain outstanding and (ii) the maturity date for
    such Indebtedness is earlier than the date that is 91 days after the Tranche A Term Maturity Date, the applicable margin applicable to the Tranche A Term Loans set forth at each level of the pricing grid below will be increased by 2.50% effective as of
    January 1, 2024:

   

  
    	
            Category

          	
            Total Net Leverage Ratio

          	
            ABR Spread

          	
            Eurodollar Spread

          
	
            Category 1

             

          	
            > 3.00 to 1.00

          	
            1.00%

          	
            2.00%

          
	
            Category 2

             

          	
            ≤ 3.00 to 1.00 but > 2.00 to 1.00

          	
            0.75%

          	
            1.75%

          
	
            Category 3

             

          	
            ≤ 2.00 to 1.00 but > 1.25 to 1.00

          	
            0.50%

          	
            1.50%

          
	
            Category 4

             

          	
            ≤ 1.25 to 1.00

          	
            0.25%

          	
            1.25%

          

  

  

  

  (c)  Clause (c) of the definition of “Applicable Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended
    and restated in its entirety to read as follows:

   

  (c) with respect to any Revolving Loan, or with respect to the commitment fees payable hereunder the applicable rate per annum set forth below
    under the caption “ABR Spread” or “Eurodollar Spread” or “Commitment Fee Rate” as the case may be, based upon the Total Net Leverage Ratio as of the end of the fiscal quarter for which consolidated financial statements have heretofore been most
    recently delivered pursuant to Section 5.01(a) or 5.01(b); provided that until the delivery to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b) as
    of and for the first fiscal quarter ending after the First Amendment Effective Date, the Applicable Rate shall be the applicable rate per annum set forth below in Category 2:

   

   

  
    
      
 

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            Category

          	
            Total Net Leverage Ratio

          	
            ABR Spread

          	
            Eurodollar Spread

          	
            Commitment Fee Rate

          
	
            Category 1

             

          	
            > 3.00 to 1.00

          	
            1.00%

          	
            2.00%

          	
            0.35%

          
	
            Category 2

             

          	
            ≤ 3.00 to 1.00 but > 2.00 to 1.00

          	
            0.75%

          	
            1.75%

          	
            0.30%

          
	
            Category 3

             

          	
            ≤ 2.00 to 1.00 but > 1.25 to 1.00

          	
            0.50%

          	
            1.50%

          	
            0.25%

          
	
            Category 4

             

          	
            ≤ 1.25 to 1.00

          	
            0.25%

          	
            1.25%

          	
            0.20%

          

  

  

  

   

  (d)  The definition of “Arrangers” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its
    entirety to read as follows:

   

  “Arrangers” means, on and after the First Amendment
    Effective Date, JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities, Inc., Citigroup Global Markets Inc. and RBC Capital Markets, each in its capacity as a joint lead arranger and joint bookrunner for the credit facilities provided for
    herein.

   

  (e)  The definition of “Revolving Maturity Date” in Section 1.01 of the Existing Credit Agreement is hereby amended and
    restated in its entirety to read as follows:

   

  “Revolving Maturity Date” means July 29, 2024 unless
    Tranche B Term Loans or any Indebtedness incurred to refinance such Loans is outstanding and has a maturity date that is earlier than 91 days after July 29, 2024, in which case “Revolving Maturity Date” shall mean 91 days prior to the maturity date of
    the outstanding Tranche B Term Loans or, if no Tranche B Term Loans are outstanding, such refinancing Indebtedness.

   

  (f)  The definition of “Tranche A Term Commitment” in Section 1.01 of the Existing Credit Agreement is hereby amended and
    restated in its entirety to read as follows:

   

  “Tranche A Term Commitment” means, with respect to
    each Term Lender, the commitment, if any, of such Lender to make Tranche A Term Loans pursuant to the First Amendment on the First Amendment Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loans to
    be made by such Lender, as such commitment may be (i) reduced from time to time pursuant to Section 2.08 and (ii) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each
    Lender’s Tranche A Term Commitment is set forth on Schedule I to the First Amendment, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche A Term Commitment, as applicable.

   

   

  
    
      
 

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  (g)  The definition of “Tranche A Term Loan” in Section 1.01 of the Existing Credit Agreement is hereby amended and
    restated in its entirety to read as follows:

   

  “Tranche A Term Loan” means a Loan made pursuant to
    the First Amendment.

   

  (h)  The definition of “Tranche A Term Maturity Date” in Section 1.01 of the Existing Credit Agreement is hereby amended
    and restated in its entirety to read as follows:

   

  “Tranche A Term Maturity Date” means July 29, 2024.

   

  (i)  Article I of the Existing Credit Agreement is hereby amended by adding the following new Section 1.06 immediately
    after Section 1.05:

   

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

   

  (j)  Section 2.03 of the Existing Credit Agreement is hereby amended by replacing the words “12:00 noon, New York City
    time”, in each instance, with the words “for a Revolving Borrowing or a Term Borrowing of Tranche A Term Loans, 2:00 p.m., New York City time, and for a Term Borrowing of Tranche B Term Loans, 12:00 noon, New York City time”.

   

  (k)  Section 2.10(a)(i) of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

   

  (i) Subject to adjustment pursuant to paragraph (d) of this Section, the Borrower shall repay the Tranche A Term Loans, if any, in quarterly
    installments on each March 31, June 30, September 30 and December 31, commencing September 30, 2019, and a final installment on the Tranche A Term Maturity Date, in an aggregate principal amount equal to (A) for each such date occurring on or prior to
    the first anniversary of the First Amendment Effective Date, 0.00% of the aggregate principal amount of the Tranche A Term Loans outstanding on the First Amendment Effective Date, (B) for each such date occurring after the first anniversary of the
    First Amendment Effective Date but on or prior to the second anniversary of the First Amendment Effective Date, 0.625% of the aggregate principal amount of the Tranche A Term Loans outstanding on the First Amendment Effective Date, (C) for each such
    date occurring after the second anniversary of the First Amendment Effective Date but on or prior to the third anniversary of the First Amendment Effective Date, 1.250% of the aggregate principal amount of the Tranche A Term Loans outstanding on the
    First Amendment Effective Date, (D) for each such date occurring after the third anniversary of the First Amendment Effective Date but on or prior to the fourth anniversary of the First Amendment Effective Date, 1.875% of the aggregate principal amount
    of the Tranche A Term Loans outstanding on the First Amendment Effective Date and (E) for each such date occurring after the fourth anniversary of the First Amendment Effective Date but prior to the Tranche A Term Maturity Date, 2.500% of the aggregate
    principal amount of the Tranche A Term Loans outstanding on the First Amendment Effective Date.

   

   

  
    
      
 

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  (l)  Section 6.10 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

   

  Total Net Leverage Ratio.  For the benefit of the
    Revolving Lenders, the Issuing Banks and the Tranche A Term Lenders only (and the Administrative Agent on their behalf), the Parent will not permit the Total Net Leverage Ratio as of the end of any fiscal quarter to exceed the ratio set forth below
    with respect to such fiscal quarter:

   

  
    	
            Fiscal Quarter End Date

          	
            Total Net Leverage Ratio

          
	 	 
	
            July 1, 2019, through December 31, 2020

          	
            4.25 to 1.00

          
	 	 
	
            January 1, 2021, through December 31, 2021

          	
            4.00 to 1.00

          
	 	 
	
            January 1, 2022, through June 30, 2022

          	
            3.75 to 1.00

          
	 	 
	
            July 1, 2022, and thereafter

          	
            3.50 to 1.00

          

  

   

  (m)  Article IX of the Existing Credit Agreement is hereby amended by adding the following new Section 9.20 immediately
    after Section 9.19:

   

  SECTION 9.20.  Acknowledgement Regarding
        Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as
    follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated
    thereunder, the “U.S. Special Resolution Regime”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding
    that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

   

  
    
      
 

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  In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC
    and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if
    the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
    Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are
    permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United
    States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC
    Credit Support.

  

  

  SECTION 5.  Representations and Warranties.  The
    Borrower represents and warrants to the Administrative Agent and to each of the Lenders that:

   

  (a)  This Amendment and the transactions contemplated thereby are within each Loan Party’s corporate powers and have been
    duly authorized by all necessary corporate and, if required, stockholder action.

   

  (b)  This Amendment has been duly executed and delivered by each Loan Party and constitutes a legal, valid and binding
    obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
    regardless of whether considered in a proceeding in equity or at law.

   

   

  
    
      
 

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  SECTION 6.  Effectiveness.  This Amendment shall
    become effective as of the date first above written (the “Amendment Effective Date”) when:

   

  (a)  the Administrative Agent shall have received counterparts of this Amendment, duly executed and delivered on behalf of
    (i) the Borrower, (ii) each of the other Loan Parties, (iii) each Incremental Term Lender, (iv) each Consenting Revolving Lender and (v) each New Revolving Lender, or as to any of the foregoing parties, advice reasonably satisfactory to the
    Administrative Agent that each of the foregoing parties has executed a counterpart of this Amendment;

   

  (b)  the Administrative Agent shall have received counterparts of this Amendment that bear the signatures of Lenders
    having Revolving Credit Exposures as of immediately prior to the effectiveness of this Amendment which represent more than 50% of the sum of the total Aggregate Revolving Credit Exposure at such time;

   

  (c)  each of the representations and warranties set forth in Section 5 hereof shall be true and correct as of the
    Amendment Effective Date;

   

  (d)  The representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all
    material respects (or, in the case of representations and warranties qualified as to materiality, in all respects) on and as of the Amendment Effective Date, except to the extent any such representation and warranty expressly relates to a prior date,
    in which case such representation and warranty is true and correct in all material respects (or in all respects, as applicable) as of such earlier date; provided
    that, for purposes of the representation in Section 3.17 of the Credit Agreement, the reference to “the Closing Date” therein shall be deemed to refer to “the Amendment Effective Date” and the reference to “the Transactions” shall be deemed to refer to
    the transactions contemplated by this Amendment;

   

  (e)  At the time of and immediately after giving effect to this Amendment, no Default or Event of Default shall have
    occurred and be continuing;

   

  (f)  the Administrative Agent shall have received (i) with respect to each Loan Party, secretary’s certificates of the
    type delivered to the Administrative Agent pursuant to Section 4.01(c) of the Credit Agreement, dated as of the Amendment Effective Date (including the attachments thereto) and (ii) a certificate of a Responsible Officer of the Borrower confirming
    compliance with the conditions set forth in paragraph (c), (d) and (e) of this Section 6;

   

  (g)  the Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and
    the Lenders (including the Incremental Term Lenders, the Consenting Revolving Lenders and the New Revolving Lenders)) of (i) Shearman & Sterling LLP, counsel for the Loan Parties, which shall be substantially consistent with a customary New York
    law opinion for this type of Amendment, and (ii) the Borrower’s inhouse counsel, which will address corporate organizational matters of Borrower and Parent, each dated as of the Amendment Effective Date;

   

   

  
    
      
 

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  (h)  the Borrower shall be in compliance with the requirements of Section 2.23 of the Credit Agreement and have delivered
    a certificate of a Responsible Officer certifying compliance with Section 2.23 of the Credit Agreement, together with reasonably detailed calculations demonstrating such compliance;

   

  (i)  the Administrative Agent shall have received a certificate, dated as of the Amendment Effective Date, and signed by a
    Responsible Officer, confirming compliance with the conditions set forth in Sections 4.02(a) and 4.02(b) of the Credit Agreement;

   

  (j)  the Lenders (including the Incremental Term Lenders, the Consenting Revolving Lenders and the New Revolving Lenders)
    shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, in each case to the extent
    requested in writing to the Borrower not later than ten Business Days prior to the proposed Amendment Effective Date; and

   

  (k)  the Administrative Agent shall have received payment of all fees and expenses required to be paid or reimbursed by
    the Borrower under or in connection with this Amendment, including those expenses set forth in Section 11 hereof, to the extent such fees and expenses are invoiced at least one Business Day prior to the proposed Amendment Effective Date.

   

  SECTION 7.  Reaffirmation.  Each of the Borrower,
    Parent and each other Loan Party hereby (a) reaffirms its obligations under the Credit Agreement and each other Loan Document to which it is a party, in each case as modified by this Amendment, (b) reaffirms all Liens on the Collateral which have been
    granted by it in favor of the Collateral Agent (for the benefit of the Secured Parties) pursuant to the Loan Documents and (c) acknowledges and agrees that the guarantees of the Loan Parties contained in the Guarantee Agreement and the grants of
    security interests by the Loan Parties contained in the Collateral Agreement and the other Security Documents are, and shall remain, in full force and effect in respect of, and to secure, the Secured Obligations (including the Incremental Term Loans
    and other extensions of credit thereunder).

   

  SECTION 8.  Credit Agreement.  Except as expressly
    set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Borrower or any other Loan Party under the Credit
    Agreement or any other Loan Document and (b) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified
    and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle the Borrower or any other Loan Party to any future consent to, or waiver, amendment, modification or other change of, any of the terms,
    conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  After the Amendment Effective Date, any reference in the Loan Documents to the Credit Agreement shall
    mean the Credit Agreement as modified hereby.  This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

   

   

  
    
      
 

    12

    

  

   

  SECTION 9.  Applicable Law; Waiver of Jury Trial. 
    (a)  THIS AMENDMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING
      TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

   

  (b)  EACH PARTY HERETO
      HEREBY AGREES AS SET FORTH IN SECTION 9.10 OF THE CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN.

   

  SECTION 10.  Counterparts; Amendment.  This
    Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed
    counterpart of a signature page of this Amendment by facsimile transmission or other electronic imaging shall be effective as delivery of an original executed counterpart of this Amendment.  This Amendment may not be amended nor may any provision
    hereof be waived except pursuant to a writing signed by the Borrower, the Administrative Agent, the Issuing Banks and the Lenders party hereto.

   

  SECTION 11.  Fees and Expenses.

   

  (a)  The Borrower hereby agrees to pay to the Administrative Agent on the Amendment Effective Date, for the account of
    each applicable party, all fees separately agreed to by the Borrower and JPMorgan in respect of this Amendment and previously disclosed to the Lenders.

   

  (b)  The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection
    with this Amendment to the extent required under Section 9.03 of the Credit Agreement.

   

  SECTION 12.  Headings.  Section headings used
    herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.

  

  

  [Signature Pages Follow]

   

   

   

  
    
      
 

    

  

   

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

   

  

  

  
    	 	
            AMERICAN AXLE & MANUFACTURING, INC.

            AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.

            AAM INTERNATIONAL HOLDINGS, INC.

            AUBURN HILLS MANUFACTURING, INC.

            OXFORD FORGE, INC.

            COLFOR MANUFACTURING, INC.

            MSP INDUSTRIES CORPORATION

            ACCUGEAR, INC.

            AAM POWDER METAL COMPONENTS, INC.

            METALDYNE PERFORMANCE GROUP INC.

            MPG HOLDCO I INC.

            METALDYNE BSM, LLC

            METALDYNE M&A BLUFFTON, LLC

            METALDYNE POWERTRAIN COMPONENTS, INC.

            METALDYNE SINTERED RIDGWAY, LLC

            METALDYNE SINTERFORGED PRODUCTS, LLC

            PUNCHCRAFT MACHINING AND TOOLING, LLC

            HHI FORMTECH, LLC

            JERNBERG INDUSTRIES, LLC

            IMPACT FORGE GROUP, LLC

            ASP HHI HOLDINGS, INC.

            ASP HHI INTERMEDIATE HOLDINGS, INC.

            ASP HHI INTERMEDIATE HOLDINGS II, INC.

            ASP HHI ACQUISITION CO., INC.

            FORGING HOLDINGS, LLC

            HEPHAESTUS HOLDINGS, LLC

            HHI FORMTECH HOLDINGS, LLC

            HHI FORGING, LLC

            GEARING HOLDINGS, LLC

            CLOYES GEAR HOLDINGS, LLC

          

  

   

   

  
    
      
 

    

  

   

  
    	 	
            JERNBERG HOLDINGS, LLC

            IMPACT FORGE HOLDINGS, LLC

            ASP MD HOLDINGS, INC.

            ASP MD INTERMEDIATE HOLDINGS, INC.

            ASP MD INTERMEDIATE HOLDINGS II, INC.

            MD INVESTORS CORPORATION

            METALDYNE, LLC

            GEAR DESIGN AND MANUFACTURING, LLC

            ASP GREDE ACQUISTIONCO LLC

            ASP GREDE INTERMEDIATE HOLDINGS LLC

            GSC RIII – GREDE, LLC

            GREDE LLC

            GREDE II LLC

            GREDE HOLDINGS LLC

            HHI HOLDINGS, LLC

            ROCHESTER MANUFACTURING, LLC

            SHOP IV SUBSIDIARY INVESTMENT (GREDE), LLC

            THE MESH COMPANY, LLC

            GREDE WISCONSIN SUBSIDIARIES LLC

             

          
	 	 
	 	
            By

          
	 	 	
            /s/ Shannon J. Curry

          
	 	 	
            Name:  Shannon J. Curry

          
	 	 	
            Title:   Vice President & Treasurer

             

          

  

  

  

   

   

  

     

  
    
      
 

    

  

  

  

  
    	 	
            JPMORGAN CHASE BANK, N.A., 

            individually and as Administrative Agent

             
	 	 	 
	 	
            By

          	 
	 	 	
            /s/ Gene Riego de Dios

          
	 	 	
            Name:  Gene Riego de Dios

          
	 	 	
            Title:    Executive Director

          

  

   

   

   

  
    
      
 

    

  

   

  
    	 	 
	 	
            JPMORGAN CHASE BANK, N.A.,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Gene Riego de Dios

          
	 	
             

          	Name:  Gene Riego de Dios
	 	
             

          	
            Title:    Executive Director

          
	 	 
	 	 

  

   

   

   

   

  
    
      
 

    

  

   

  
    	 	 
	 	
            BANK OF AMERICA, N.A.,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Brian Lukehart

          
	 	
             

          	
            Name:  Brian Lukehart

          
	 	
             

          	
            Title:    Director

          

  

   

   

   

   

  
    
      
 

    

  

  

     

  

  

  
    	 	
            BARCLAYS BANK PLC,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Craig Malloy

          
	 	
             

          	
            Name:  Craig Malloy

          
	 	
             

          	
            Title:    Director

          
	 	 

  

   

   

   

   

  
    
      
 

    

  

  

     

  
    	 	
            ROYAL BANK OF CANADA,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Nikhil Madhok

          
	 	
             

          	
            Name:  Nikhil Madhok

          
	 	
             

          	
            Title:    Authorized Signatory

          
	 	 

  

   

   

   

   

  
    
      
 

    

  

  

     

  
    	 	
            CITIBANK, N.A.,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Blake Gronich

          
	 	
             

          	
            Name:  Blake Gronich

          
	 	
             

          	
            Title:    Vice President

          

  

  

  

   

  

  

  

  

  

  

  
    
      
 

    

  

   

  

  

  
    	 	
            BMO HARRIS BANK N.A.,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Andrew Berryman

          
	 	
             

          	
            Name:  Andrew Berryman

          
	 	
             

          	
            Title:    Vice President

          

  

   

   

   

  

     

  
    
      
 

    

  

   

  

  

  
    	 	
            PNC BANK,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Blake Arnett

          
	 	
             

          	
            Name:  Blake Arnett

          
	 	
             

          	
            Title:    Vice President

          
	 	 

  

   

   

   

   

  
    
      
 

    

  

  

     

  
    	 	
            U.S. BANK NATIONAL ASSOCIATION,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Jeffrey S. Johnson

          
	 	
             

          	
            Name:  Jeffrey S. Johnson

          
	 	
             

          	
            Title:    Senior Vice President

          
	 	 

  

   

   

   

   

  
    
      
 

    

  

  

     

  
    	 	
            CITIZENS BANK, NATIONAL ASSOCIATION, As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Stephen A. Maenhout

          
	 	
             

          	
            Name:  Stephen A. Maenhout

          
	 	
             

          	
            Title:    Senior Vice President

          
	 	 

  

   

   

   

   

  
    
      
 

    

  

  

     

  
    	 	
            MIZUHO BANK, LTD.,

            As Incremental Term Lender and New Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Donna DeMagistris

          
	 	
             

          	
            Name:  Donna DeMagistris

          
	 	
             

          	
            Title:    Authorized Signatory

          

  

  

  

   

   

   

  
    
      
 

    

  

  

  

  
    	 	
            THE HUNTINGTON NATIONAL BANK,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Steven J. McCormack

          
	 	
             

          	
            Name:  Steven J. McCormack

          
	 	
             

          	
            Title:    Senior Vice President

          
	 	 

  

   

   

   

   

  
    
      
 

    

  

  

     

  
    	 	
            KEYBANK NATIONAL ASSOCIATION,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Eric W. Domin

          
	 	
             

          	
            Name:  Eric W. Domin

          
	 	
             

          	
            Title:    Vice President

          

  

  

  

   

   

   

  
    
      
 

    

  

  

  

  
    	 	
            HSBC BANK USA, NATIONAL ASSOCIATION,

            As Incremental Term Lender and Consenting Revolving Lender

             

          
	 	
            By

          
	 	 	
            /s/ Alexander Foster

          
	 	
             

          	
            Name:  Alexander Foster

          
	 	
             

          	
            Title:    AVP

          

  

   

   

   

   

   

  
    
      
 

    

  

   

   

  SCHEDULE I

   

  Incremental Term Commitments

  

  

  
    	
            Incremental Term Lender

          	
            Incremental Term Commitment

          
	
            JPMorgan Chase Bank, N.A.

          	
            $42,929,445.50

          
	
            Bank of America, N.A.

          	
            $41,829,445.50

          
	
            Barclays Bank PLC

          	
            $28,553,299.49

          
	
            Royal Bank of Canada

          	
            $28,553,299.49

          
	
            Citibank, N.A.

          	
            $9,994,959.56

          
	
            BMO Harris Bank N.A.

          	
            $38,730,968.06

          
	
            PNC Bank

          	
            $30,984,774.45

          
	
            U.S. Bank National Association

          	
            $30,984,774.45

          
	
            Citizens Bank, National Association

          	
            $23,238,580.84

          
	
            Mizuho Bank, LTD.

          	
            $23,238,580.84

          
	
            The Huntington National Bank

          	
            $20,140,103.39

          
	
            KeyBank National Association

          	
            $13,943,148.50

          
	
            HSBC Bank USA, National Association

          	
            $6,878,619.93

          
	
            TOTAL:

          	
            $340,000,000.00

          

  

  

  

   

   

   

   

  
    
      
 

    

  

  

     

  SCHEDULE II

   

  New Revolving Lenders and Consenting Revolving Lenders

  

  

  
    	
            New Revolving Lender

          	
            Revolving Commitment

          
	
            Mizuho Bank, LTD.

          	
            $51,761,419.16

          
	
            Consenting Revolving Lender

          	 
	
            JPMorgan Chase Bank, N.A.

          	
            $93,170,554.50

          
	
            Bank of America, N.A.

          	
            $93,170,554.50

          
	
            Barclays Bank PLC

          	
            $106,446,700.51

          
	
            Royal Bank of Canada

          	
            $106,446,700.51

          
	
            Citibank, N.A.

          	
            $106,705,040.44

          
	
            BMO Harris Bank N.A.

          	
            $86,269,031.94

          
	
            PNC Bank

          	
            $69,015,225.55

          
	
            U.S. Bank National Association

          	
            $69,015,225.55

          
	
            Citizens Bank, National Association

          	
            $51,761,419.16

          
	
            The Huntington National Bank

          	
            $44,859,896.61

          
	
            KeyBank National Association

          	
            $31,056,851.50

          
	
            HSBC Bank USA, National Association

          	
            $15,321,380.07

          
	
            TOTAL:

          	
            $925,000,000.00Exhibit

Exhibit 10.2

RESTRICTED STOCK UNIT AWARD AGREEMENT

MATADOR RESOURCES COMPANY
2019 LONG-TERM INCENTIVE PLAN

1.Award of Restricted Stock Units.  Pursuant to the Matador Resources Company 2019 Long-Term Incentive Plan (as the same may be amended, the “Plan”), Matador Resources Company, a Texas corporation (the “Company”), grants to

[NAME]
(the “Participant”),

an Outside Director of the Company, an Award under the Plan of [NUMBER] Restricted Stock Units (the “Awarded Units”), which may be converted into a number of shares of Common Stock of the Company equal to the number of Awarded Units, subject to the terms and conditions of the Plan and this Restricted Stock Unit Award Agreement (this “Agreement”).  The “Date of Grant” of this Restricted Stock Unit Award is [DATE].  Each Awarded Unit shall be a notional share of Common Stock, with the value of each Awarded Unit being equal to the Fair Market Value of a share of Common Stock at any time.  Capitalized terms used in this Agreement that are defined in the Plan shall have the same meanings assigned to them in the Plan.  

2.Subject to Plan.  This Agreement is subject to the terms and conditions of the Plan.  The terms of the Plan shall control to the extent such terms are not otherwise inconsistent with the provisions of this Agreement, and the terms of the Agreement shall control to the extent such terms are inconsistent with the provisions of the Plan.  This Agreement is subject to any rules promulgated pursuant to the Plan by the Board or the Committee and communicated to the Participant in writing.  

3.Vesting; Time of Delivery of Shares.  Awarded Units that have become vested pursuant to the terms of this Section 3 are collectively referred to herein as “Vested RSUs.”  All other Awarded Units are collectively referred to herein as “Unvested RSUs.”  

a.    Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the Awarded Units shall be vested as follows:

One hundred percent (100%) of the total Awarded Units shall vest and become Vested RSUs on [DATE], or if sooner, immediately prior to the election of the nominees for director at the [YEAR] annual meeting of shareholders of the Company, provided that the Participant does not experience a Termination of Service prior to such date.
    
Notwithstanding the foregoing, immediately prior to the occurrence of a Change in Control, all Unvested RSUs shall immediately vest and become Vested RSUs.

b.    Subject to the provisions of the Plan and this Agreement and provided that the Awarded Units have not been forfeited pursuant to Section 4 below, Vested RSUs shall be settled within thirty (30) days following the applicable vesting date of the Awarded Units in accordance with Section 3.a. above. The Company shall convert such Awarded Units (to the extent such Awarded Units are Vested RSUs) into the number of whole shares of Common Stock equal to the number of Awarded Units converted and shall deliver to the Participant or the Participant’s personal representative such shares of Common Stock.

- 1 -

4.Forfeiture of Awarded Units.  The Participant shall immediately forfeit all of the Participant’s Unvested RSUs upon the Participant’s Total and Permanent Disability, death or upon the Participant’s Termination of Service for any reason, without any action on the part of the Participant or the Company and without the payment of any consideration therefor.  Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company.

5.Who May Receive Converted Awarded Units.  During the lifetime of the Participant, the Common Stock received upon conversion of Awarded Units may only be received by the Participant or his or her legal representative.  If the Participant dies after the time that his or her Awarded Units become vested but prior to the time his or her Awarded Units are converted into shares of Common Stock, the Common Stock relating to such converted Awarded Units may be received by any individual who is entitled to receive the property of the Participant pursuant to the applicable laws of descent and distribution.

6.No Fractional Shares.  Awarded Units may be converted only with respect to full shares, and no fractional share of Common Stock shall be issued.

7.Assignability.  The Awarded Units are not assignable or transferable by the Participant except (i) by will or by the laws of descent and distribution and (ii) the Participant may transfer, for no consideration, some or all of the Awarded Units to (a) one or more members of the Participant’s Immediate Family, (b) a trust in which the Participant or members of his or her Immediate Family have more than fifty percent of the beneficial interest, (c) a foundation in which the Participant or members of his or her Immediate Family control the management of assets or (d) any other entity in which the Participant or members of his or her Immediate Family own more than fifty percent of the voting interests. Any such transferee must agree in writing on a form prescribed by the Company to be bound by all of the provisions of this Agreement to the same extent as they apply to the Participant. Notwithstanding any such transfer, any vesting conditioned upon the Participant’s continued service with the Company or its Subsidiaries shall continue to relate to the Participant’s continued service.

8.Rights as Shareholder.  The Participant will have no rights as a shareholder with respect to any shares covered by this Agreement until the issuance of a certificate or certificates to the Participant or the registration of such shares in the Participant’s name for the shares of Common Stock.  The Awarded Units shall be subject to the terms and conditions of this Agreement.  Except as otherwise provided in Section 9 hereof, no adjustment shall be made for dividends or other rights for which the record date is prior to the issuance of such shares of Common Stock.  The Participant, by his or her execution of this Agreement, agrees to execute any documents requested by the Company in connection with the issuance of such shares of Common Stock.  

9.Adjustment of Number of Awarded Units and Related Matters.  The number of shares of Common Stock covered by the Awarded Units shall be subject to adjustment in accordance with Articles 11-13 of the Plan.

10.Participant’s Representations.  Notwithstanding any of the provisions hereof, the Participant hereby agrees that the Company will not be obligated to issue any shares of Common Stock to the Participant hereunder if the issuance of such shares would constitute a violation by the Participant or the Company of any provisions of any law or regulation of any governmental authority or any national securities exchange or inter-dealer quotation system or other forum in which shares of Common Stock are quoted or traded (including without limitation Section 16 of the Exchange Act).  Any determination in this connection by the 

- 2 -

Company shall be final, binding, and conclusive.  The obligations of the Company and the rights of the Participant are subject to all applicable laws, rules, and regulations.

11.Investment Representation.  Unless the shares of Common Stock are issued to the Participant in a transaction registered under applicable federal and state securities laws, by his or her execution hereof, the Participant represents and warrants to the Company that all Common Stock which may be acquired hereunder will be acquired by the Participant for investment purposes for his or her own account and not with any intent for resale or distribution in violation of federal or state securities laws.  Unless the Common Stock is issued to the Participant in a transaction registered under the applicable federal and state securities laws, all certificates issued with respect to the Common Stock shall bear an appropriate restrictive investment legend and shall be held indefinitely, unless they are subsequently registered under the applicable federal and state securities laws or the Participant obtains an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that such registration is not required.

12.Participant’s Acknowledgments.  The Participant acknowledges that a copy of the Plan has been made available for his or her review by the Company, and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award subject to all the terms and provisions thereof.  The Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Committee or the Board, as appropriate, upon any questions arising under the Plan or this Agreement.

13.Law Governing.  This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Texas (excluding any conflict of laws rule or principle of Texas law that might refer the governance, construction, or interpretation of this Agreement to the laws of another state).

14.No Right to Continue Service.  Nothing herein shall be construed to confer upon the Participant the right to continue to provide services to the Company or any Subsidiary, or interfere with or restrict in any way the right of the Company or any Subsidiary to discharge the Participant at any time.

15.Legal Construction.  In the event that any one or more of the terms, provisions, or agreements that are contained in this Agreement shall be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid, illegal, or unenforceable term, provision, or agreement shall not affect any other term, provision, or agreement that is contained in this Agreement and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or agreement had never been contained herein.

16.Covenants and Agreements as Independent Agreements. Each of the covenants and agreements that is set forth in this Agreement shall be construed as a covenant and agreement independent of any other provision of this Agreement.  The existence of any claim or cause of action of the Participant against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and agreements that are set forth in this Agreement.

17.Entire Agreement.  This Agreement together with the Plan (as each may be amended from time to time) supersede any and all other prior understandings and agreements, either oral or in writing, between the parties with respect to the subject matter hereof and constitute the sole and only agreements between the parties with respect to the said subject matter.  All prior negotiations and agreements between the parties with respect to the subject matter hereof are merged into this Agreement and the Plan.  Each party to this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied 

- 3 -

in this Agreement or the Plan and that any agreement, statement or promise that is not contained in this Agreement or the Plan shall not be valid or binding or of any force or effect.

18.Parties Bound.  The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, and permitted successors and assigns, subject to the limitation on assignment expressly set forth herein.  No person shall be permitted to acquire any Awarded Units without first executing and delivering an agreement in a form satisfactory to the Company making such person or entity subject to the restrictions on transfer contained herein.

19.Modification.  The Committee may amend this Agreement at any time and from time to time without the consent of the Participant; provided, however that no such amendment may materially and adversely affect the rights of the Participant without his or her consent; and provided further that the Company may change or modify this Agreement without the Participant’s consent or signature if the Company determines, in its sole discretion, that such change or modification is necessary for purposes of compliance with or exemption from the requirements of Code Section 409A or any regulations or other guidance issued thereunder.  To the extent that any provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Participant and the Company of the applicable provision without violating the provisions of Code Section 409A, and in no event may any such amendment modify the time or form of payment of any amount payable pursuant to this Agreement if such modification would be in violation of Code Section 409A.  Notwithstanding the provisions of this Section 19, the Company may amend the Plan to the extent permitted by the Plan.

20.Headings.  The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement.

21.Gender and Number.  Words of any gender used in this Agreement shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise.

22.Notice.  Any notice required or permitted to be delivered hereunder shall be deemed to be delivered only when actually received by the Company or by the Participant, as the case may be, at the addresses set forth below, or at such other addresses as they have theretofore specified by written notice delivered in accordance herewith:

a.    Notice to the Company shall be addressed and delivered as follows:

Matador Resources Company
5400 LBJ Fwy, Suite 1500
Dallas, TX 75240
Attn:  General Counsel
Facsimile: (972) 371-5201
b.    Notice to the Participant shall be addressed and delivered as set forth on the signature page.

- 4 -

23.Tax Requirements.  The Participant is hereby advised to consult immediately with his or her own tax advisor regarding the tax consequences of this Agreement.  The Participant, as an Outside Director, shall be solely responsible for withholding taxes or any necessary payments to any taxing authority in connection with the award, vesting and conversion of the Awarded Units.  

24.Code Section 409A.  This Agreement is intended to be interpreted and applied so that the payments and benefits set forth herein shall comply with or be exempt from the requirements of Code Section 409A, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to the fullest extent possible to reflect and implement such intent.  Notwithstanding anything in this Agreement to the contrary and in the event the payments and benefits set forth herein are subject to Code Section 409A, (i) a Termination of Service shall not be deemed to have occurred for purposes of any provision of this Agreement unless such termination is also a “separation from service” within the meaning of Code Section 409A; and (ii) a Total and Permanent Disability shall not be deemed to have occurred for purposes of any provision of this Agreement unless such disability is also a “disability” within the meaning of Code Section 409A.  Notwithstanding any provision in this Agreement to the contrary, if on his or her Termination of Service, the Participant is deemed to be a “specified employee” within the meaning of Code Section 409A, any payments or benefits due upon such Termination of Service that constitutes a “deferral of compensation” within the meaning of Code Section 409A and which do not otherwise qualify under the exemptions under Treas. Reg. § 1.409A-1 (including without limitation, the short-term deferral exemption and the permitted payments under Treas. Reg. § 1.409A-1(b)(9)(iii)(A)), shall be delayed and paid or provided to the Participant on the earlier of the date which immediately follows six (6) months after the Participant’s separation from service or, if earlier, the date of the Participant’s death.
25.Restrictions on Resale.  The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any shares acquired under this Agreement, including without limitation (a) restrictions under an insider trading policy, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by the Participant and other holders and (c) restrictions as to the use of a specified brokerage firm for such resales or other transfers.
26.Electronic Delivery.  By executing this Agreement (including via digital acceptance), the Participant hereby consents to the delivery of information (including, without limitation, information required to be delivered to the Participant pursuant to applicable securities laws) regarding the Company and its Subsidiaries, the Plan and the Awarded Units via Company web site or other electronic delivery.

* * * * * * * *

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

- 5 -

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and the Participant, to evidence his or her consent and approval of all the terms hereof, has duly executed this Agreement, as of the Date of Grant specified in Section 1 hereof.

	
					
	 
	 
	 
	COMPANY:

	 
	 
	 
	 
	 

	 
	 
	 
	MATADOR RESOURCES COMPANY:

	 
	 
	 
	 
	 

	 
	 
	 
	By:__________________________________________

	 
	 
	 
	Name: David E. Lancaster

	 
	 
	 
	Title: Executive Vice President

	 
	 
	 
	 
	 

	 
	 
	 
	PARTICIPANT:

	 
	 
	 
	 

	 
	 
	 
	_____________________________________________

	 
	 
	 
	Signature

	 
	 
	 
	 
	 

	 
	 
	 
	Name: [NAME]

	 
	 
	 
	Address: [ADDRESS]

- 6 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}]]