Document:

EX-10.2

 Exhibit 10.2 

MEMORIAL RESOURCE DEVELOPMENT CORP. 

2014 LONG TERM INCENTIVE PLAN 

RESTRICTED STOCK GRANT AND AWARD AGREEMENT 

This Agreement is made and entered into as of
                     (the “Date of Grant”) by and between Memorial Resource Development Corp., a Delaware corporation (the
“Company”), and                      (the “Grantee” or “you”); 

WHEREAS, the Company adopted the Memorial Resource Development Corp. 2014 Long Term Incentive Plan as it may be amended from time to
time (the “Plan”) under which the Company is authorized to grant restricted stock awards to certain employees and service providers of the Company; 

WHEREAS, the Company, in order to induce you to enter into and to continue and dedicate service to the Company and to materially
contribute to the success of the Company, agrees to grant you this restricted stock award; 
 WHEREAS, a copy of the Plan has been
furnished to you and shall be deemed a part of this restricted stock grant and award agreement (“Agreement”) as if fully set forth herein and the terms capitalized but not defined herein shall have the meanings set forth in
the Plan; and 
 WHEREAS, you desire to accept the restricted stock award made pursuant to this Agreement. 

NOW, THEREFORE, in consideration of the mutual covenants set forth herein and for other valuable consideration hereinafter set forth,
the parties agree as follows: 
  

	1.	The Grant. Subject to the conditions set forth below, the Company hereby grants you effective as of the Date of Grant, as a matter of separate inducement but not in lieu of any salary or other compensation for
your services for the Company, an award (the “Award”) consisting of shares of Stock (the “Restricted Shares”) in accordance with the terms and conditions set forth herein and in the Plan.

  

	2.	Escrow of Restricted Shares. The Company shall evidence the Restricted Shares in the manner that it deems appropriate. The Company may issue in your name a certificate or certificates representing the Restricted
Shares and retain that certificate or those certificates until the restrictions on such Restricted Shares expire as described in Section 5 of this Agreement or the Restricted Shares are forfeited as described in Sections 4 and
6 of this Agreement. If the Company certificates the Restricted Shares, you shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Shares and
the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Shares are delivered to you, (b) the Restricted Shares are otherwise transferred to
you free of restrictions, or (c) the Restricted Shares are canceled and forfeited pursuant to this Agreement. 

	3.	Ownership of Restricted Shares. From and after the time the Restricted Shares are issued in your name, you will be entitled to all the rights of absolute ownership of the Restricted Shares, including the right to
vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement; provided, however, that each dividend payment will be
made no later than the 60th day following the date such dividend payment is made to stockholders generally. 

  

	4.	Restrictions; Forfeiture. The Restricted Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in
Section 5 of this Agreement. The Restricted Shares are also restricted in the sense that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are
forfeited, as provided in Section 6, the Company shall have the right to deliver the Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company. 

 

	5.	Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Restricted Shares granted pursuant to Section 4 of this Agreement will expire and the Restricted Shares will become
transferable and nonforfeitable, provided that, subject to Section 6(b), you remain in the employ of, or a service provider to, the Company or its Subsidiaries until the applicable dates set forth in the following schedule: 

 

			
	Number of Shares of Restricted Shares	  	Vesting Date
		
	[x]	  	One Year Anniversary of the Date of Grant
		
	[x]	  	Two Year Anniversary of the Date of Grant
		
	[x]	  	Three Year Anniversary of the Date of Grant

  

	6.	Termination of Services and Change in Control. 

  

	 	a.	Termination Generally. If your service relationship with the Company or any of its Subsidiaries is terminated for any reason, then those Restricted Shares for which the restrictions have not lapsed as of the date
of termination shall become null and void and those Restricted Shares shall be forfeited to the Company. The Restricted Shares for which the restrictions have lapsed as of the date of such termination shall not be forfeited to the Company.

  
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	 	b.	Change in Control. Notwithstanding the vesting schedule set forth in Section 5 above, upon the occurrence of a Change in Control, 100% of the Restricted Shares for which the restrictions have not yet
lapsed as of the date of the Change in Control shall become immediately vested. 

  

	7.	Leave of Absence. With respect to the Award, the Company may, in its sole discretion, determine that if you are on leave of absence for any reason you will be considered to still be in the employ of, or providing
services for, the Company, provided that rights to the Restricted Shares during a leave of absence will be limited to the extent to which those rights were earned or vested when the leave of absence began. 

 

	8.	Delivery of Stock. Promptly following the expiration of the restrictions on the Restricted Shares as contemplated in Section 5 or Section 6(b) of this Agreement, the Company shall cause to be
issued and delivered to you or your designee a certificate or other evidence of the number of Restricted Shares as to which restrictions have lapsed, free of any restrictive legend relating to the lapsed restrictions, upon receipt by the Company of
any tax withholding as may be requested pursuant to Section 9. The value of such Restricted Shares shall not bear any interest owing to the passage of time. 

 

	9.	Payment of Taxes. The Company shall require you to pay to the Company (or the Company’s Subsidiary if you are an employee of a Subsidiary of the Company), an amount the Company deems necessary to satisfy its
(or its Subsidiary’s) current or future obligation to withhold federal, state or local income or other taxes that you incur as a result of the Award. With respect to any required tax withholding, you may (a) direct the Company to withhold
from the shares of Stock to be issued to you under this Agreement the number of shares necessary to satisfy the Company’s obligation to withhold taxes; which determination will be based on the shares’ Fair Market Value at the time such
determination is made; (b) deliver to the Company shares of Stock sufficient to satisfy the Company’s tax withholding obligations, based on the shares’ Fair Market Value at the time such determination is made; (c) deliver cash to
the Company sufficient to satisfy its tax withholding obligations; or (d) satisfy such tax withholding through any combination of (a), (b) and (c). If you desire to elect to use the stock withholding option described in subparagraph (a),
you must make the election at the time and in the manner the Company prescribes. The Company, in its discretion, may deny your request to satisfy its tax withholding obligations using a method described under subparagraph (a) or (b).

  

	10.	 Compliance with Securities Law. Notwithstanding any provision of this Agreement to the contrary, the issuance of Stock (including Restricted
Shares) will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities and with the requirements of any stock exchange or market system upon which the Stock may then be listed. No
Stock will be issued hereunder if such 

  
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issuance would constitute a violation of any applicable federal, state, or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon
which the Stock may then be listed. In addition, Stock will not be issued hereunder unless (a) a registration statement under the Securities Act of 1933, as amended (the “Act”), is at the time of issuance in effect with
respect to the shares issued or (b) in the opinion of legal counsel to the Company, the shares issued may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Act. The inability of the
Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any shares subject to the Award will relieve the Company of any
liability in respect of the failure to issue such shares as to which such requisite authority has not been obtained. As a condition to any issuance hereunder, the Company may require you to satisfy any qualifications that may be necessary or
appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such compliance as may be requested by the Company. From time to time, the Board and appropriate officers of the
Company are authorized to take the actions necessary and appropriate to file required documents with governmental authorities, stock exchanges, and other appropriate Persons to make shares of Stock available for issuance. 

 

	11.	Legends. The Company may at any time place legends referencing any restrictions imposed on the shares pursuant to Sections 4 or 10 of this Agreement on all certificates representing shares issued
with respect to this Award. 

  

	12.	Right of the Company and Subsidiaries to Terminate Services. Nothing in this Agreement confers upon you the right to continue in the employ of or performing services for the Company or any Subsidiary, or
interfere in any way with the rights of the Company or any Subsidiary to terminate your employment or service relationship at any time. 

  

	13.	Furnish Information. You agree to furnish to the Company all information requested by the Company to enable it to comply with any reporting or other requirements imposed upon the Company by or under any
applicable statute or regulation. 

  

	14.	Remedies. The parties to this Agreement shall be entitled to recover from each other reasonable attorneys’ fees incurred in connection with the successful enforcement of the terms and provisions of this
Agreement whether by an action to enforce specific performance or for damages for its breach or otherwise. 

  

	15.	No Liability for Good Faith Determinations. The Company and the members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the
Restricted Shares granted hereunder. 

  
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	16.	Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Stock or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with
the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. The Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or
issuance, to execute a release and receipt therefor in such form as it shall determine. 

  

	17.	No Guarantee of Interests. The Board and the Company do not guarantee the Stock of the Company from loss or depreciation. 

  

	18.	Notice. All notices required or permitted under this Agreement must be in writing and personally delivered or sent by mail and shall be deemed to be delivered on the date on which it is actually received by the
person to whom it is properly addressed or if earlier the date it is sent via certified United States mail. 

  

	19.	Waiver of Notice. Any person entitled to notice hereunder may waive such notice in writing. 

  

	20.	Information Confidential. As partial consideration for the granting of the Award hereunder, you hereby agree to keep confidential all information and knowledge, except that which has been disclosed in any public
filings required by law, that you have relating to the terms and conditions of this Agreement; provided, however, that such information may be disclosed as required by law and may be given in confidence to your spouse and tax and
financial advisors. In the event any breach of this promise comes to the attention of the Company, it shall take into consideration that breach in determining whether to recommend the grant of any future similar award to you, as a factor weighing
against the advisability of granting any such future award to you. 

  

	21.	Successors. This Agreement shall be binding upon you, your legal representatives, heirs, legatees and distributees, and upon the Company, its successors and assigns. 

 

	22.	Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully
severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. 

  

	23.	Company Action. Any action required of the Company shall be by resolution of the Board or by a person or entity authorized to act by resolution of the Board. 

 

	24.	Headings. The titles and headings of Sections are included for convenience of reference only and are not to be considered in construction of the provisions hereof. 

  
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	25.	Governing Law. All questions arising with respect to the provisions of this Agreement shall be determined by application of the laws of Delaware without giving any effect to any conflict of law provisions
thereof, except to the extent Delaware state law is preempted by federal law. The obligation of the Company to sell and deliver Stock hereunder is subject to applicable laws and to the approval of any governmental authority required in connection
with the authorization, issuance, sale, or delivery of such Stock. 

  

	26.	Amendment. This Agreement may be amended the Board or by the Committee at any time; provided that any amendment that would adversely affect your rights hereunder shall not be effective without your consent.

  

	27.	The Plan. This Agreement is subject to all the terms, conditions, limitations and restrictions contained in the Plan. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its officer
thereunto duly authorized, and the Grantee has set his hand as to the date and year first above written. 
  

			
	MEMORIAL RESOURCE DEVELOPMENT CORP.
		
	By:	 	 
	Name:	 	
	 Title:
	 	

  

	
	[GRANTEE NAME]
	   

	 GRANTEE

 Signature Page to Restricted Stock Grant and Award AgreementEX-10.5

 Exhibit 10.5 

MANAGEMENT SERVICES AGREEMENT 

This Management Services Agreement (this “Agreement”) is executed and agreed to as of
            , 2014 (the “Effective Date”) by and among Memorial Resource Development Corp., a Delaware corporation (the “Parent”), WildHorse
Resources, LLC, a Delaware limited liability company (the “Company”), and WildHorse Resources Management Company, LLC, a Delaware limited liability company (the “Service Provider”). The Parent, the
Company and the Service Provider are hereinafter each referred to as a “Party” and are collectively referred to as the “Parties”. 

RECITALS 
 WHEREAS, the
Company, Service Provider, and WildHorse Resources II, LLC were previously parties to that certain Amended and Restated Management Services Agreement, dated as of August 8, 2013, which was terminated as of the date hereof; 

WHEREAS, the Service Provider has in place a staff of management, administrative, financial, accounting, marketing, and human resource
personnel capable of providing transition services to the Company; 
 WHEREAS, the Parent and the Company desire to enter into this
Agreement with the Service Provider to obtain certain services necessary to manage the certain operations of the Company’s business, as more fully described herein; and 

WHEREAS, the Service Provider desires to provide the Services (as defined below) to the Company. 

NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE I.
DEFINITIONS 
 1.1 Definitions. As used in this Agreement, the following terms shall have the respective meanings set forth
below: 
 “Agreement” is defined in the preamble. 

“Asset” or “Assets” means all assets and property, real or personal, owned by the Company.

 “Company” is defined in the preamble. 

“Effective Date” is defined in the preamble. 

 “Force Majeure Event” means any event not reasonably within the control
of the Party claiming the force majeure, including the following to the extent such events are not reasonably within the control of the Party claiming the force majeure: act of God, act of the public enemy, war, blockade, public riot, lightning,
fire, storm, flood or other act of nature, explosion, governmental action (including changes in Laws, regulations or policies with the effect of Law or, in each case, the enforcement thereof), and governmental delay or restraint (including with
respect to the issuance of permits); provided, however, that a “Force Majeure Event” shall not include (i) lack of financing or funds and (ii) to the extent affecting only such Party’s or such Party’s affiliate’s
employees, any strike, work stoppage or other organized labor difficulty. 
 “Governmental Authority” means any
federal, state, local, municipal, tribal or other government; any governmental, regulatory or administrative agency, commission, body or other authority exercising or entitled to exercise any administrative, executive, judicial, legislative,
regulatory or taxing authority or power; and any court or governmental tribunal having or asserting jurisdiction. 

“Law” means any applicable constitutional provision, statute, act, code, law, regulation, rule, ordinance, order,
decree, ruling, proclamation, resolution, judgment, decision, declaration or interpretative or advisory opinion or letter of a Governmental Authority. 

“Management Fee” is defined in Section 3.3. 

“Outsourced Service” is defined in Section 2.1. 

“Parent” is defined in the preamble. 

“Party” and “Parties” are defined in the preamble. 

“Person” means a natural person, partnership (whether general or limited), limited liability company, Governmental
Authority, trust, estate, association, corporation, venture, custodian, nominee or any other individual or entity in its own or any representative capacity. 

“Prudent Industry Practice” means, at a particular time, any of the practices, methods, standards of care, skill,
safety and diligence, as the same may change from time to time, but applied in light of the facts known at the time, that are consistent with the general standards applied or utilized under comparable circumstances by a reasonably prudent operator,
in a good and workmanlike manner, with due diligence and dispatch, in accordance with good industry practice. 
 “Service
Provider” is defined in the preamble. 
 “Services” is defined in Section 2.1. 

“Term” is defined in Section 4.1. 

“Third Party” means a Person other than a Party. 

  
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 ARTICLE II. 

SERVICES 
 2.1
Services. The Service Provider shall provide the Company with the services necessary to manage the day to day operations of the Company, including general and administrative, operational and other similar services necessary and sufficient or
appropriate to conduct the affairs of the Company (the “Services”). The Services shall include, but are not limited to, the services set forth on Schedule 2.1 hereto. Such Services shall be provided by the Service
Provider solely for the benefit of the Parent and the Company. The Service Provider may cause one or more Third Party contractors, subject to the prior approval of the Company, to provide any of the Services (any such Services provided by Third
Party contractors being referred to herein as an “Outsourced Service”); provided, however, that except as expressly provided in this Agreement, any Outsourced Services shall be subject to the provisions of this
Agreement in the same way as any Service that is not an Outsourced Service is subject to the provisions of this Agreement. 
 2.2 Records
and Auditing Rights. The Service Provider shall at all times maintain adequate books and records to verify the accounts and transactions under this Agreement. Such records shall be retained and kept available for inspection and audit by the
Parent and the Company, members of the Parent’s Board of Directors and other representatives of the Parent and the Company on days the Service Provider is open for business during normal working hours upon reasonable notice to the Service
Provider. 
 2.3 Standard of Care. The Service Provider hereby warrants that it will perform all of its obligations under this
Agreement in accordance with Prudent Industry Practices and in compliance with all applicable Laws. 
 2.4 Duty to the Company. The
Service Provider shall dedicate sufficient personnel and resources to provide the Services in accordance with Prudent Industry Practices. 

2.5 Conditions of Service. 

(a) Subject to Sections 2.3 and 2.4, the Service Provider shall have complete authority and discretion to elect
the means, manner and method of performing the Services. 
 (b) All Third Party contractors that provide Outsourced Services
shall be selected by the Service Provider with reasonable care and with reasonable assurances that such Third Party contractors can perform the Services pursuant to the requirements of this Agreement. 

(c) The Service Provider shall perform the Services as an “independent contractor” of the Company and nothing in this
Agreement is intended, and nothing shall be construed, to create an agency, employer/employee, partnership, joint venture, association or other similar relationship between the Service Provider and the Company. 

  
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 (d) This Agreement is a purely commercial transaction between the Parties and
nothing stated in this Agreement shall operate to create any special or fiduciary duty between the Parties. 
 (e)
Notwithstanding anything to the contrary, all matters pertaining to the employment, supervision, compensation, promotion and discharge of any personnel of the Service Provider are the responsibility of the Service Provider. All such employment
arrangements are solely the Service Provider’s obligation, and the Company shall have no liability with respect thereto. 
 ARTICLE
III. 
 PAYMENTS 

3.1 Management Fee. As sole consideration for the Services rendered by the Service Provider to the Company under this Agreement, the
Company shall pay the Service Provider a management fee of $965,000 per month during the Term (the “Management Fee”). The Company will pay the Management Fee no later than the 20th day of the month following the calendar
month in which services are provided. In the event the Term includes any partial calendar month, the Management Fee will be prorated based on the actual number of days elapsed in such month. The Management Fee is intended to reimburse the Service
Provider for expenses for the Services that are general and administrative charges as accounted for under standard accounting methods. The Management Fee shall also be deemed to include reimbursement for geoscience expenses. Expenses incurred by the
Service Provider in connection with Services that are not general and administrative expenses or geoscience expenses, including lifting and operating expenses, capital expenditures and lease acquisitions costs, will be reimbursed to the Service
Provider on a monthly basis, subject to being netted against revenues received by the Service Provider on behalf of the Company, as described on Schedule 2.1. 

3.2 Call for Company Advances. On an as needed basis, the Service Provider may request the Company advance funds to the Service
Provider to cover all out-of-pocket third party costs and expenses to be incurred by the Service Provider at the request of, and for the benefit of, the Company, including, without limitation, the direct operating expenses of the Company and any
cost or expense relating to a capital project of the Company. Any requests for advances hereunder shall be accompanied by appropriate documentation from the Service Provider supporting such costs and expenses. Upon the Company’s approval, the
Company shall advance such funds within ten business days following such request from the Service Provider, subject to extension to the extent necessary to provide any additional documentation reasonably requested of the Service Provider by the
Parent or the Company. The Service Provider, the Parent and the Company shall determine, no less frequently than on a monthly basis, whether excess cash advances may be returned to the Company; provided, that any unused advances shall be returned to
the Company at the end of the Term. 

  
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 ARTICLE IV. 

TERM; TERMINATION 
 4.1
Term. This Agreement will commence on the Effective Date and will remain in effect until the first anniversary of the Effective Date; provided, that this Agreement may be terminated (i) immediately by the Company, by delivering written
notice to the Service Provider, or (ii) after the six (6) month anniversary of the Effective Date, by the Service Provider, by delivering ninety (90) days prior written notice to the Company (such period of time during which this
Agreement is in effect, the “Term”). 
 4.2 Transition Services. If either Party notifies the other Party of
its intention to terminate this Agreement in accordance with Section 4.1, then during the period of time commencing on the date of such notice until the date of termination of this Agreement, the Service Provider shall in good faith
assist and cooperate with the Parent and the Company to facilitate the transfer of the Services to any Person designated by the Parent and the Company; provided, that, during such period, the Company shall pay to the Service Provider any
amounts payable by the Company to the Service Provider pursuant to this Agreement. 
 ARTICLE V. 

DUTIES AND RESPONSIBILITIES 

5.1 Duties and Responsibilities. The Service Provider shall comply in all respects with the terms of this Agreement and shall use its
reasonable commercial efforts, in the conduct of business and operations of the Company, (i) to comply, in all material respects, with the terms and provisions of all agreements relating to the Company’s business, operations or properties
to which it is a party or to which the Company’s properties are subject and (ii) to comply, in all material respects, with all applicable Laws, ordinances or governmental rules and regulations to which the Company is subject (including,
without limitation, all applicable federal, state and local environmental Laws, ordinances, rules and regulations). 
 5.2 Personnel.
The Service Provider covenants and agrees that it will at all times retain and have available to it and the Company a professional staff and outside consultants that together will be reasonably adequate in size, experience and competency to
discharge properly the duties and functions of the Service Provider and the Company hereunder and under any applicable operating and other agreements, including, but not limited to, technical personnel, attorneys, accountants and secretarial and
clerical personnel. 
 5.3 Utilized Property. In connection with providing the Services, the Service Provider shall utilize certain
personal property and other assets of the Service Provider (the “Utilized Property”). Ownership of the Utilized Property shall remain with the Service Provider notwithstanding that the Utilized Property may be used primarily
for the benefit of the Company. The Utilized Property include, but are not limited to, (i) all rights of Service Provider in respect of the lease of office space for its principal office, (ii) all tangible personal property owned by the
Service Provider, including corporate office build-out, computers, office furniture. computer hardware and software and corporate pool cars, (iii) utilities, telecommunications, office supplies and mailing expenses, (iv) professional
services that benefit the Company, and (v) insurance premiums for the corporate office and corporate shared pool vehicles, including D&O insurance premiums, as applicable. The Service Provider shall be responsible for maintaining all
Utilized Property in good condition and repair, reasonable wear and tear excepted, and may refurbish or replace, at the Service Provider’s expense, such items as they become worn out or obsolete. If the Service Provider uses or licenses
intellectual property owned by Third Parties in the performance of Services under this Agreement, the Service Provider shall obtain and maintain any such licenses and authorizations necessary to authorize its use of such intellectual property in
connection with such Services. 

  
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 ARTICLE VI. 

LIMITED WARRANTY, LIMITATION ON LIABILITY 

6.1 Limited Warranty; Warranties Disclaimer. THE WARRANTY CONTAINED IN THIS SECTION 6.1 SHALL BE EXCLUSIVE, AND IS GIVEN AND
ACCEPTED IN LIEU OF ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WITH RESPECT TO ANY DEFECT IN THE SERVICES RENDERED OR PRODUCTS OBTAINED FOR THE COMPANY (WHETHER A CLAIM FOR SUCH
DEFECT ARISES UNDER CONTRACT, TORT, STRICT LIABILITY, STATUTE, OR ANY OTHER LEGAL OR EQUITABLE THEORY OR PRINCIPLE INCLUDING NEGLIGENCE), THE SERVICE PROVIDER’S SOLE LIABILITY AND RESPONSIBILITY AND THE COMPANY’S SOLE REMEDY SHALL BE THE
REPERFORMANCE OF THE SERVICES IN ACCORDANCE WITH THIS AGREEMENT, UNLESS THE DEFECT WAS CAUSED BY THE FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SERVICE PROVIDER. 

6.2 Limitation on Liability. It is expressly understood by the Service Provider and the Company that the Service Provider shall have no
liability for the failure of Third Party providers to perform any Outsourced Services hereunder and further that the Service Provider shall have no liability whatsoever for the Services provided by any such Third Party unless in either event such
Outsourced Services are provided in a manner that would evidence gross negligence or intentional misconduct on the part of the Service Provider but the Service Provider shall, on behalf of the Company, pursue all rights and remedies under any such
Third Party contract. The Parent and the Company agree that the remuneration paid to the Service Provider hereunder for the Services to be performed reflect this limitation of liability and disclaimer of warranties. In no event shall the Service
Provider be liable to the Parent and the Company or any other Person for any indirect, special or consequential damages resulting from any error in the performance of Services or from the breach of this Agreement, regardless of the fault of the
Service Provider, or any Third Party provider or whether the Service Provider, or the Third Party provider, is wholly, concurrently, partially or solely negligent. To the extent any Third Party provider has limited its liability to the Service
Provider for Outsourced Services under an agreement, the Company agrees to be bound by such limitation of liability for any product or Outsourced Service provided to the Company by such Third Party provider under the Service Provider’s
agreement. 

  
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 ARTICLE VII. 

FORCE MAJEURE 
 7.1
Excused Performance. A Party shall not be responsible or liable for or deemed in breach of this Agreement for any delay or failure in the performance of its obligations under this Agreement to the extent such performance is prevented by a
Force Majeure Event; provided that: 
 (a) the affected Party gives the other Party prompt notice describing the
particulars of the Force Majeure Event and the proposed cure; 
 (b) the suspension of performance is of no greater scope and
of no longer duration than is reasonably attributable to the Force Majeure Event; 
 (c) the affected Party uses commercially
reasonable efforts to remedy its inability to perform its obligations under this Agreement or the Force Majeure Event; and 

(d) when the affected Party is able to resume performance of its obligations under this Agreement, that Party shall give the
other Party written notice to that effect. 
 7.2 No Preclusion. The existence of a Force Majeure Event shall not relieve any Party
of (a) any of its payment obligations under this Agreement, or (b) any other obligation under this Agreement to the extent that performance of such other obligation is not precluded by such Force Majeure Event. 

7.3 Limitations on Effect of Force Majeure. In no event will any delay or failure of performance caused by a Force Majeure Event extend
this Agreement beyond its Term. 
 ARTICLE VIII. 

REPRESENTATIONS AND WARRANTIES 

8.1 Company Representations. The Parent and the Company represent and warrant as of the Effective Date that: 

(a) the Parent is a corporation incorporated and validly existing under the Laws of the State of Delaware and the Company is a
limited liability company duly organized and validly existing under the Laws of the State of Delaware, as applicable, and each has all necessary authorizations required by applicable Law to perform its obligations under this Agreement; 

(b) the execution, delivery and performance of this Agreement by the Parent and the Company has been duly authorized by all
requisite corporate or limited liability company action, as applicable, and will not: (i) violate any provisions of its organizational documents or (ii) result in the breach or acceleration of any performance required by the terms of any
contract, agreement or arrangement to which it is a party or any applicable Laws; and 
 (c) this Agreement is a valid and
binding obligation of the Parent and the Company, enforceable against the Parent and the Company in accordance with its terms, subject to the effects of bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’
rights generally and by general equitable principles, regardless of whether the issue of enforceability is considered in a proceeding in equity or at law. 

  
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 8.2 Service Provider Representations. The Service Provider represents and warrants as of
the Effective Date that: 
 (a) the Service Provider is a limited liability company duly organized and validly existing under
the Laws of the State of Delaware and has all necessary authorizations required by applicable Law to perform its obligations under this Agreement; 

(b) the execution, delivery and performance of this Agreement by the Service Provider have been duly authorized by all
requisite limited liability company action and will not: (i) violate any provisions of its organizational documents or (ii) result in the breach or acceleration of any performance required by the terms of any contract, agreement or
arrangement to which it is a party, or any applicable Laws; and 
 (c) this Agreement is a valid and binding obligation of
the Service Provider, enforceable against the Service Provider in accordance with its terms, subject to the effects of bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights generally and by general
equitable principles, regardless of whether the issue of enforceability is considered in a proceeding in equity or at law. 
 ARTICLE IX.

 MISCELLANEOUS 

9.1 Counterparts. This Agreement may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be
an original instrument, but all of such counterparts shall constitute for all purposes one agreement. Any signature hereto delivered by a Party by facsimile transmission shall be deemed an original signature hereto. 

9.2 Notices. 

(a) Except as expressly set forth to the contrary in this Agreement, all notices and communications required or permitted to be
given hereunder shall be sufficient in all respects if given in writing and delivered personally, or sent by overnight courier, or mailed by U.S. Express Mail or by certified or registered United States Mail with all postage fully prepaid, or sent
by facsimile transmission (provided any such facsimile transmission is confirmed either orally or by written confirmation) or sent by email, addressed to the appropriate Party at the address or email address for such Party shown below or at such
other address as such Party shall have theretofore designated by written notice delivered to the Party giving such notice: 
 If to the
Parent: 
 Memorial Resource Development Corp. 

1301 McKinney, Suite 2100 

Houston, Texas 77010 
 Attn:
General Counsel 
 Facsimile: (713) 588-8301 

  
 8 

 If to the Company: 

WildHorse Resources, LLC 
 c/o
Memorial Resource Development Corp. 
 1301 McKinney, Suite 2100 

Houston, Texas 77010 
 Attn:
General Counsel 
 Facsimile: (713) 588-8301 

If to the Service Provider: 

WildHorse Resources Management Company, LLC 

9805 Katy Freeway, Suite 400 

Houston, Texas 77024 
 Attn:
Anthony Bahr 
 Facsimile: (713) 568-4911 

(b) Any notice given in accordance herewith shall be deemed to have been given when delivered to the addressee by email, or in
person, or by courier, or transmitted by facsimile transmission during normal business hours, or upon actual receipt by the addressee after such notice has either been delivered to an overnight courier or deposited in the United States Mail, as the
case may be. The Parties may change the address, telephone numbers, and facsimile numbers to which such communications are to be addressed by giving written notice to the other Parties in the manner provided in this Section 9.2. 

9.3 Entire Agreement; Conflicts. This Agreement and the Schedules hereto collectively constitute the entire agreement among the Parties
pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties pertaining to the subject matter hereof. In the event of a conflict between the terms
and provisions of this Agreement and the terms and provisions of any Schedule hereto, the terms and provisions of this Agreement shall govern and control; provided, however, that the inclusion in any of the Schedules hereto of terms and provisions
not addressed in this Agreement shall not be deemed a conflict, and all such additional provisions shall be given full force and effect, subject to the provisions of this Section 9.3. 

9.4 Amendment. This Agreement may be amended only by an instrument in writing executed by all of the Parties and expressly identified
as an amendment or modification. 
 9.5 Parties in Interest. Nothing in this Agreement shall entitle any Person other than the
Parties to any claim, cause of action, remedy or right of any kind. 
 9.6 Successors and Permitted Assigns. This Agreement shall be
binding upon and inure to the benefit of the Parties and their successors and permitted assigns. 
 9.7 Assignment. Except for the
ability of the Service Provider to cause one or more of the Services to be performed by a Third Party provider (subject to the terms of this Agreement), no Party shall have the right to assign its rights or obligations under this Agreement without
the prior written consent of the other party and any such assignment that is made without 

  
 9 

 
such consent shall be void and of no force and effect. No permitted assignment shall release any Party from any of its obligations under this Agreement. All of the terms and provisions of this
Agreement shall be binding upon and inure to the benefit of and be enforceable by the Parties hereto and their respective successors and permitted assignees. 

9.8 Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each Party shall execute and
deliver all such future instruments and take such other and further action as may be reasonably necessary or appropriate to carry out the provisions of this Agreement and the intention of the Parties as expressed herein. 

9.9 Severability. If any term or other provision of this Agreement is invalid, illegal, or incapable of being enforced by any rule of
Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any adverse manner
to any Party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as
closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. 

9.10 No Recourse. For the avoidance of doubt, the provisions of this Agreement shall not give rise to any right of recourse against any
current or former stockholder, member, partner, owner, director, manager, officer or employee of the Service Provider or of the Parent or the Company or any of their respective officers, directors, employees, agents or representatives. 

9.11 Governing Law. THIS AGREEMENT IS TO BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF TEXAS.

 9.12 Interpretation. All references in this Agreement to Schedules, Articles, Sections, subsections and other subdivisions refer
to the corresponding Schedules, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles appearing at the beginning of any Articles, Sections, subsections and other subdivisions of
this Agreement are for convenience only, do not constitute any part of this Agreement, and shall be disregarded in construing the language hereof. The words “this Agreement”, “herein”, “hereby”, “hereunder”
and “hereof”, and words of similar import, refer to this Agreement as a whole and not to any particular Article, Section, subsection or other subdivision unless expressly so limited. The words “this Article”, “this
Section”, and “this subsection”, and words of similar import, refer only to the Article, Section or subsection hereof in which such words occur. The word “including” (in its various forms) means including without limitation.
All references to “$” or “dollars” shall be deemed references to United States dollars. Each accounting term not defined herein will have the meaning given to it under GAAP as interpreted as of the date of this Agreement.
Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender, and words, terms and titles (including terms defined herein) in the singular form shall be construed to include the plural and vice versa,
unless the context otherwise requires. Schedules referred to herein are attached to and by this reference incorporated herein for all purposes. References to any Law or agreement shall mean such Law or agreement as it may be amended from time to
time. 
 [Signature Page Follows] 

  
 10 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives as of the date and year first above written. 
  

			
	PARENT:
	
	MEMORIAL RESOURCE DEVELOPMENT CORP.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	COMPANY:
	
	WILDHORSE RESOURCES, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SERVICE PROVIDER:
	
	WILDHORSE RESOURCES MANAGEMENT COMPANY, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 SIGNATURE PAGE 

MANAGEMENT SERVICES AGREEMENT 

 Schedule 2.1 

Services 
 The Services
shall include any services necessary or appropriate for the management and operation of the Company and may include, without limitation, employee services related to supporting the following: 

 

	 	1.	Administrative and Land Services (as described below) 

  

	 	2.	Operator Services (as described below) 

  

	 	3.	Financial and Accounting Services 

  

	 	4.	Accounts Payable and Receivables 

  

	 	5.	Contract Negotiation and Management (subject to Parent approval) 

  

	 	6.	Employee Health and Safety 

  

	 	7.	Government and Public Relations 

  

	 	8.	Information Technology 

  

	 	9.	Land, Land Administration and Ordinary Course Legal Services (subject to Parent approval of Legal Services) 

  

	 	10.	Personnel, Outside Contractors and Consultants 

  

	 	11.	Engineering and Technical Services 

  

	 	12.	Operations 

  

	 	13.	General and Administrative 

  

	 	14.	Equipment and Personnel Procurement 

  

	 	15.	Training and Development Programs 

  

	 	16.	Geoscience 

  

	 	17.	Strategic Planning and Budgeting Cooperation with the Company and the Parent 

  

	 	18.	Any Other Services as Reasonably Requested by the Parent or the Company from Time to Time 

 Administrative and Land Services: To fulfill its obligation to manage the
day-to-day affairs of the Company, Service Provider: 
 (i) may, in the name of the Service Provider or the Company or as
agent for the Company, as appropriate, negotiate, enter into or settle contracts and agreements which are necessary to prudently manage the Assets of the Company in accordance with the terms of this Agreement. Such contracts and agreements may
include, but are not limited to, furnishment of utilities to Assets of the Company, gathering or processing agreements and contract services agreements. Company will, when necessary, appoint Service Provider as its agent to act on Company’s
behalf; 
 (ii) as directed by the Parent, will cause the Company to retain qualified accountants and legal counsel, as
applicable, to assist in developing appropriate accounting procedures, compliance procedures and testing systems with respect to financial reporting obligations and to conduct compliance reviews with respect thereto; 

(iii) will use commercially reasonable efforts to cause third party expenses incurred by or on behalf of the Company to be
commercially reasonable or commercially customary and within any budgeted parameters or expense guidelines set by the Company from time to time; provided, however, any expenditures that will exceed the applicable budgeted parameter by more than 10%
shall require the Company’s prior approval; 
 (iv) will correspond with Company’s partners and generally conduct
industry standard lease administration duties on Company’s Assets; 
 (v) will perform such other services as may be
required from time to time for management and other activities relating to the Assets of the Company as the Company shall reasonably request or the Service Provider shall deem appropriate under the particular circumstances and approved by the
Company; and 
 (vi) will perform other land functions as Service Provider and the Company may deem necessary to manage the
Company’s Assets. 
 Operator Services: The Service Provider shall perform such services as are typically provided by an
operator for non-operators for each of the Operator Services with respect to the Assets for which the Company would otherwise serve as an operator, and to perform those Operator Services required for the non-operated Assets owned by the Company.
“Operator Services” is defined as one or more of the following services by the Service Provider for the benefit of Owner in connection with the operatorship and administration of the Assets, to-wit, the Service Provider
shall: 
 (i) be contract operator in connection with the operation of the Assets; 

(ii) cause the Company to comply in all material respects with all statutes, ordinances, laws, rules, regulations, orders and
determinations affecting the Company and its Assets and issued by any governmental authority having jurisdiction thereof. The Service Provider shall not refuse or delay compliance with any specific instructions that

 
are given by the Company that are reasonably necessary to cause the Company to comply with such statutes, ordinances, laws, rules, regulations, orders and determinations. The Company shall
cooperate with the Service Provider in compliance with such statutes, ordinances, laws, rules, regulations, orders and determinations, including the costs of all such compliance; timely collect, process and pay all approved bills and taxes
attributable to the Assets; 
 (iii) for operated Assets, generate monthly joint interest billings to non-operating partners
and the Company; 
 (iv) for operated Assets, disburse actual received revenues to revenue interest owners on the Service
Provider’s normal monthly revenue distribution schedule; 
 (v) timely prepare and submit all required regulatory
reports, including but not limited to, production reports, production disposition reports and wellwork activity reports; 

(vi) manage the day-to-day operations of the Assets, including but not limited to the gathering and recording of production
data, maintenance of the facilities and locations, execution and supervision of capital and expense projects; provided however, that any authorizations for expenditures exceeding $50,000 individually shall require the Company’s prior approval;

 (vii) provide to the Company and the Parent fulltime electronic access to daily production data; and, 

(viii) other duties the Service Provider or the Company deems necessary to prudently operate the Company’s Assets. 

Financial and Accounting Services: To fulfill its obligation to manage certain of the operations of the Company, the Service
Provider: 
 (i) will complete all billing, joint interest or otherwise, and accounts payable functions on behalf of the
Company, and render the necessary auditing, accounting and bookkeeping services generally required for the proper management of the business and affairs of the Company or to comply with the instruction of the Company or the terms of any other
agreements of the Company, including credit agreements; 
 (ii) will net, on a monthly basis, the joint interest billings of
the Company for all operating and project expenses, revenues received by Service Provider on behalf of the Company, the Management Fee and COPAS income, and shall settle with the Company no later than the 15th day following the month to which such
items relate or in which they were received; 
 (iv) will monitor the operating and financial performance of the Company and
provide periodic reports with respect thereto to the Company and the Parent; 

 (v) will enter and maintain the revenue and expense decks of the Company’s
Assets in the Service Provider’s land and accounting systems; 
 (vi) will prepare and distribute to the Company and the
Parent, within 15 calendar days of each month end, lease operating statements and full financial statements; 
 (vii) will
provide read-only access to the accounting system used by the Service Provider to account for the operations of the Company and the Service Provider; and 

(viii) will perform or cause to be performed, any other accounting, financial or audit related services as the Company may
reasonably request.

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