Document:

EX-10.2

 Exhibit 10.2 

Execution Copy 

REGISTRATION RIGHTS AGREEMENT 

BY AND AMONG 
 PARSLEY
ENERGY, INC. 
 AND 

THE PURCHASERS 

 TABLE OF CONTENTS 

 

							
	ARTICLE I DEFINITIONS	  	 	1	  
			
	 Section 1.01
	 	Definitions	  	 	1	  
	 Section 1.02
	 	Registrable Securities	  	 	2	  
		
	ARTICLE II REGISTRATION RIGHTS	  	 	3	  
			
	 Section 2.01
	 	Mandatory Registration	  	 	3	  
	 Section 2.02
	 	Failure to File or Become Effective; Liquidated Damages	  	 	4	  
	 Section 2.03
	 	Blackout and Delay Rights	  	 	4	  
	 Section 2.04
	 	Sale Procedures	  	 	5	  
	 Section 2.05
	 	Cooperation by Holders	  	 	7	  
	 Section 2.06
	 	Expenses	  	 	8	  
	 Section 2.07
	 	Indemnification	  	 	8	  
	 Section 2.08
	 	Rule 144 Reporting	  	 	10	  
	 Section 2.09
	 	Transfer or Assignment of Registration Rights	  	 	10	  
		
	ARTICLE III MISCELLANEOUS	  	 	10	  
			
	 Section 3.01
	 	Communications	  	 	10	  
	 Section 3.02
	 	Successor and Assigns	  	 	11	  
	 Section 3.03
	 	Assignment of Rights	  	 	11	  
	 Section 3.04
	 	Recapitalization, Exchanges, Etc. Affecting the Shares	  	 	11	  
	 Section 3.05
	 	Aggregation of Registrable Securities	  	 	11	  
	 Section 3.06
	 	Specific Performance	  	 	12	  
	 Section 3.07
	 	Counterparts	  	 	12	  
	 Section 3.08
	 	Headings	  	 	12	  
	 Section 3.09
	 	Governing Law	  	 	12	  
	 Section 3.10
	 	Severability of Provisions	  	 	12	  
	 Section 3.11
	 	Entire Agreement	  	 	13	  
	 Section 3.12
	 	Amendment	  	 	13	  
	 Section 3.13
	 	No Presumption	  	 	13	  
	 Section 3.14
	 	Obligations Limited to Parties to Agreement	  	 	13	  
	 Section 3.15
	 	Independent Nature of Purchaser’s Obligations	  	 	13	  
	 Section 3.16
	 	Interpretation	  	 	14	  

 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of February 11, 2015, by and among
Parsley Energy, Inc., a Delaware corporation (the “Company”), and each of the Persons set forth on Schedule A to the Common Stock Subscription Agreement (as defined below) (each, a “Purchaser” and
collectively, the “Purchasers”). 
 WHEREAS, this Agreement is made in connection with the Closing of the issuance and sale
of the Purchased Shares pursuant to the Common Stock Subscription Agreement, dated as of February 5, 2015, by and among the Company and the Purchasers (the “Common Stock Subscription Agreement”); and 

WHEREAS, the Company has agreed to provide the registration and other rights set forth in this Agreement for the benefit of the Purchasers
pursuant to the Common Stock Subscription Agreement. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth
herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.01 Definitions. Capitalized terms used herein without definition shall have the meanings given to them in the
Common Stock Subscription Agreement. The terms set forth below are used herein as so defined: 
 “Affiliate” means, with
respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the
possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning specified therefor in the introductory paragraph of this Agreement. 

“Business Day” means any day other than a Saturday, Sunday, any federal holiday or any other day on which banking
institutions in the State of Texas or the State of New York are authorized or required to be closed by law or governmental action. 

“Common Share Price” means the volume weighted average closing price of the shares of Class A Common Stock (as reported
by the New York Stock Exchange) for the ten trading days immediately preceding the date on which the determination is made. 

“Commission” means the U.S. Securities and Exchange Commission. 

  
 1 

 “Common Stock Subscription Agreement” has the meaning specified therefor in the
recitals of this Agreement. 
 “Company” has the meaning specified therefor in the introductory paragraph of this
Agreement. 
 “Effectiveness Deadline” has the meaning specified therefor in Section 2.02(b) of this Agreement.

 “Effectiveness Period” has the meaning specified therefor in Section 2.01 of this Agreement. 

“Holder” means the record holder of any Registrable Securities. 

“Liquidated Damages” has the meaning specified therefor in Section 2.02(a) of this Agreement. 

“Liquidated Damages Multiplier” means the product obtained by multiplying (x) the Common Share Price by (y) the
number of Registrable Securities held by a Holder that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any successor rule or regulation to Rule 144 then in force)
under the Securities Act. 
 “Mandatory Shelf Filing Date” has the meaning specified therefore in Section 2.01
of this Agreement. 
 “Person” means an individual or a corporation, limited liability company, partnership, joint venture,
trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 

“Purchaser” and “Purchasers” have the meanings specified therefor in the introductory paragraph of this
Agreement. 
 “Registrable Securities” means the Common Shares to be acquired by the Purchasers pursuant to the Common
Stock Subscription Agreement and includes any type of interest issued to the Holder as a result of Section 3.04. 

“Registration Expenses” has the meaning specified therefor in Section 2.06(b) of this Agreement. 

“Registration Statement” has the meaning specified therefor in Section 2.01 of this Agreement. 

“Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement. 

Section 1.02 Registrable Securities. Any Registrable Security will cease to be a Registrable Security (a) when a registration
statement covering such Registrable Security 

  
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becomes or has been declared effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such effective registration statement; (b) when such
Registrable Security has been disposed of pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act; (c) when such Registrable Security is held by the Company or one of its subsidiaries or
Affiliates; (d) when such Registrable Security has been sold or disposed of in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of such securities pursuant to
Section 2.09 hereof or (e) when such Registrable Security becomes eligible for resale without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in
effect) under the Securities Act, assuming the Holder of such Registrable Security is not an affiliate (as defined in Rule 144(a)(1)) of the Company. 
  

ARTICLE II 
 REGISTRATION
RIGHTS 
 Section 2.01 Mandatory Registration. 

(a) The Company shall prepare and file no later than five (5) Business Days following the filing of the Company’s Annual Report on
Form 10-K for the year ended December 31, 2014 with the Commission (such filing date, the “Mandatory Shelf Filing Date”) a registration statement with the Commission providing for registration and resale, on a continuous or
delayed basis pursuant to Rule 415, of all of the Registrable Securities then outstanding from time to time; such registration statement shall be on Form S-1 (or any equivalent or successor form) under the Securities Act (or to the extent the
Company is eligible to use Form S-3 or any equivalent or successor form or forms, on Form S-3 or any comparable or successor form); provided, however, that if the Company has filed the registration statement on Form S-1 and subsequently becomes
eligible to use Form S-3 or any equivalent or successor form or forms, the Company may elect, in its sole discretion, to (i) file a post-effective amendment to the registration statement converting such registration statement on Form S-1 to a
registration statement on Form S-3 or any equivalent or successor form or forms or (ii) withdraw the registration statement on Form S-1 and file a registration statement on Form S-3 or any equivalent or successor form or forms, (the
registration statement on such form, as amended or supplemented, the “Registration Statement”). The Company shall use its commercially reasonable efforts to cause the Registration Statement to be declared effective under the
Securities Act by the Commission as soon as reasonably practicable after the Mandatory Shelf Filing Date. The Company shall use its commercially reasonable efforts to keep the Registration Statement continuously effective under the Securities Act
until the earlier of (A) the date when all of the Registrable Securities covered by such Registration Statement have been sold, (B) the date on which the Selling Holders own, in the aggregate, a number of Common Shares which represents
less than 1% of the total number of Common Shares issued and outstanding at such time, and (C) the date on which all of the Purchased Shares cease to be Registrable Securities hereunder (such period, the “Effectiveness
Period”). The Registration Statement when effective (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and
will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus contained in such Registration
Statement, in the light of the circumstances under 

  
 3 

 
which a statement is made). As soon as practicable following the date that the Registration Statement becomes effective, but in any event within one (1) Business Days of such date, the
Company shall provide the Holders with written notice of the effectiveness of the Registration Statement. 
 Section 2.02 Failure to
File or Become Effective; Liquidated Damages 
 (a) If the Company has not filed the Registration Statement with the Commission on or
prior to Mandatory Shelf Filing Date, then each Holder shall be entitled to a payment (with respect to each Registrable Security held by the Holder), as liquidated damages and not as a penalty, of 1% of the Liquidated Damages Multiplier of such
Holder (the “Liquidated Damages”). 
 (b) If the Registration Statement is not declared effective by the Commission on or
before June 1, 2015 (the “Effectiveness Deadline”), then each Holder shall be entitled to a payment (with respect to each Registrable Security held by the Holder), as liquidated damages and not as a penalty, of Liquidated
Damages of such Holder. 
 (c) The Liquidated Damages shall be paid to each Holder in cash within ten (10) Business Days of the
Mandatory Shelf Filing Date and the Effectiveness Deadline, as applicable. Any payments made pursuant to this Section 2.02 shall constitute the Holders’ exclusive remedy for such events. Any Liquidated Damages due under this
Section 2.02 shall be paid to the Holders in immediately available funds. The obligation to pay the Liquidated Damages to a Holder pursuant to this Section 2.02 shall cease at such time as the Registrable Securities become
eligible for resale by such Holder under Rule 144 of the Securities Act without regard to any volume or manner of sale restrictions. 

Section 2.03 Blackout and Delay Rights. 

Notwithstanding anything to the contrary contained herein: 

(a) the Company shall not be required to file a Registration Statement (or any amendment thereto) or, if a Registration Statement has been
filed but not declared effective by the Commission, request effectiveness of such Registration Statement, for a period of up to 45 days, if (A) the Company determines in good faith that a postponement is in the best interest of the Company and
its stockholders generally due to a pending transaction involving the Company (including a pending securities offering by the Company, or any proposed financing, acquisition, merger, tender offer, business combination, corporate reorganization,
consolidation or other significant transaction involving the Company), (B) the Company determines such registration would render the Company unable to comply with applicable securities laws, (C) the Company determines such registration
would require disclosure of material information that the Company has a bona fide business purpose for preserving as confidential, or (D) audited financial statements as of a date other than the fiscal year end of the Company would be required to be
prepared; provided, however, that in no event shall any such period exceed an aggregate of 90 days in any 365-day period; and 

(b) the Company may, upon written notice to any Selling Holder whose Registrable Securities are included in the Registration Statement or
other registration statement contemplated 

  
 4 

 
by this Agreement, suspend such Selling Holder’s use of any prospectus which is a part of the Registration Statement or other registration statement (in which event the Selling Holder shall
discontinue sales of the Registrable Securities pursuant to the Registration Statement or other registration statement contemplated by this Agreement but may settle any previously made sales of Registrable Securities) if (i) the Company
determines that it would be required to make disclosure of material information in the Registration Statement that the Company has a bona fide business purpose for preserving as confidential or (ii) the Company has experienced some other
material non-public event the disclosure of which at such time, in the good faith judgment of the Company, would adversely affect the Company; provided, however, in no event shall the Selling Holders be suspended from selling Registrable Securities
pursuant to the Registration Statement or other registration statement for a period that exceeds an aggregate of 60 days in any 180-day period or 105 days in any 365-day period. Upon disclosure of such information or the termination of the condition
described above, the Company shall provide prompt notice to the Selling Holders whose Registrable Securities are included in the Registration Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such
other reasonable actions to permit registered sales of Registrable Securities as contemplated in this Agreement. 
 Section 2.04
Sale Procedures. In connection with its obligations under this Article II, the Company will, as expeditiously as possible: 

(a) prepare and file with the Commission such amendments and supplements to the Registration Statement and the prospectus used in connection
therewith as may be necessary to keep the Registration Statement effective for the Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered
by the Registration Statement; 
 (b) make available to each Selling Holder (i) as far in advance as reasonably practicable before
filing the Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including
exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information pertaining to such Selling
Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing the Registration Statement or such other registration statement or
supplement or amendment thereto, and (ii) such number of copies of the Registration Statement or such other registration statement and the prospectus included therein and any supplements and amendments thereto as such Selling Holder may
reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Registration Statement or other registration statement; 

(c) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by the Registration
Statement or any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders shall reasonably request in writing by the time the Registration Statement is declared
effective by the SEC; provided, however, that the Company will not be required to 

  
 5 

 
qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action that would subject it to general service of process in any such
jurisdiction where it is not then so subject; 
 (d) promptly notify each Selling Holder, at any time when a prospectus relating thereto is
required to be delivered by any of them under the Securities Act, of (i) the filing of the Registration Statement or any other registration statement contemplated by this Agreement or any prospectus or prospectus supplement to be used in
connection therewith, or any amendment or supplement thereto, and, with respect to such Registration Statement or any other registration statement or any post-effective amendment thereto, when the same has become effective; and (ii) the receipt
of any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by the Commission for amendments or supplements to the Registration Statement or any other registration
statement or any prospectus or prospectus supplement thereto; 
 (e) immediately notify each Selling Holder, at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, of (i) the happening of any event as a result of which the prospectus or prospectus supplement contained in the Registration Statement or any other registration statement
contemplated by this Agreement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any
prospectus contained therein, in the light of the circumstances under which a statement is made); (ii) the issuance or express threat of issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or
any other registration statement contemplated by this Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by the Company of any notification with respect to the suspension of the qualification of any
Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction. Following the occurrence of any of the events set forth in clauses (i) through (iii) above, the Company agrees to as
promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing and to take such other commercially reasonable action as is necessary to remove a stop order, suspension,
threat thereof or proceedings related thereto; 
 (f) upon request and subject to appropriate confidentiality obligations, furnish to each
Selling Holder copies of any and all transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange)
relating to the Registration Statement; 
 (g) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158
promulgated thereunder; 

  
 6 

 (h) cause all such Registrable Securities registered pursuant to this Agreement to be listed on
each securities exchange or nationally recognized quotation system on which similar securities issued by the Company are then listed; 
 (i)
use its commercially reasonable efforts to cause the Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company to enable
the Selling Holders to consummate the disposition of such Registrable Securities; 
 (j) provide a transfer agent and registrar for all
Registrable Securities covered by such registration statement not later than the effective date of such registration statement; and 
 (k)
if requested by a Selling Holder, (i) incorporate in a prospectus supplement or post-effective amendment such information as such Selling Holder reasonably requests to be included therein relating to the sale and distribution of Registrable
Securities, including information with respect to the number of Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering and
(ii) make all required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment. 

The Company will not name a Holder as an underwriter as defined in Section 2(a)(11) of the Securities Act in any Registration Statement
without such Holder’s consent. If the staff of the Commission requires the Company to name any Holder as an underwriter as defined in Section 2(a)(11) of the Securities Act, and such Holder does not consent thereto, then such Holder’s
Registrable Securities shall not be included on the Registration Statement and the Company shall have no further obligations hereunder with respect to Registrable Securities held by such Holder. 

Each Selling Holder, upon receipt of notice from the Company of the happening of any event of the kind described in
subsection (e) of this Section 2.04, shall forthwith discontinue offers and sales of the Registrable Securities by means of a prospectus or prospectus supplement until such Selling Holder’s receipt of the copies of
the supplemented or amended prospectus contemplated by subsection (e) of this Section 2.04 or until it is advised in writing by the Company that the use of the prospectus may be resumed and has received copies of any
additional or supplemental filings incorporated by reference in the prospectus, and, if so directed by the Company, such Selling Holder will deliver to the Company (at the Company’s expense) all copies in their possession or control, other than
permanent file copies then in such Selling Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. 

Section 2.05 Cooperation by Holders. The Company shall have no obligation to include Registrable Securities of a Holder in the
Registration Statement who has failed to timely furnish such information that the Company determines, after consultation with its counsel, is reasonably required in order for the registration statement or prospectus supplement, as applicable, to
comply with the Securities Act. 

  
 7 

 Section 2.06 Expenses. 

(a) Expenses. The Company will pay all reasonable Registration Expenses as determined in good faith. In addition, except as otherwise
provided in Section 2.07 hereof, the Company shall not be responsible for legal fees incurred by Holders in connection with the exercise of such Holders’ rights hereunder. 

(b) Certain Definitions. “Registration Expenses” means all expenses incident to the Company’s performance under
or compliance with this Agreement to effect the registration of Registrable Securities on the Registration Statement pursuant to Section 2.01, and the disposition of such Registrable Securities, including, without limitation, all
registration, filing, securities exchange listing and NYSE fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the Financial Industry Regulatory Authority, fees of transfer
agents and registrars, all word processing, duplicating and printing expenses, any transfer taxes and the fees and disbursements of counsel and independent public accountants for the Company, including the expenses of any special audits or
“cold comfort” letters required by or incident to such performance and compliance. 
 Section 2.07 Indemnification.

 (a) Indemnification by the Company. In the event of any registration of any securities of the Company under the Securities Act
pursuant to this Agreement, the Company will, and hereby does, indemnify and hold harmless the seller of any Registrable Securities covered by such registration statement, its directors and officers, each other Person who participates in the
offering or sale of such securities and each other Person, if any, who controls such seller, within the meaning of the Securities Act, against any losses, claims, damages or liabilities, joint or several, to which such seller or any such director or
officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are
based upon any untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such securities were registered under the Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained therein, or any amendment or supplement thereto, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company will
reimburse such seller and each such director, officer, and controlling person for any legal or any other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding;
provided that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission made in such registration statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment or supplement in reliance upon and in conformity with information furnished to the
Company in writing or electronically specifically stating that it is for use in the preparation thereof. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such seller or any such director,
officer or controlling person and shall survive the transfer of such securities by such seller. 

  
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 (b) Indemnification by the Sellers. The Company may require, as a condition to including
any Registrable Securities in any registration statement filed pursuant to Section 2.01 above, that the Company shall have received an undertaking satisfactory to it from the prospective seller of such securities, to indemnify and hold
harmless (in the same manner and to the same extent as set forth in Section 2.06(a) above) the Company, each director of the Company, each officer of the Company and each other Person, if any, who controls the Company within the meaning
of the Securities Act, with respect to any statement or alleged statement in or omission or alleged omission from such registration statement, any preliminary prospectus, final prospectus or summary prospectus contained therein, or any amendment or
supplement thereto, if such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with information furnished to the Company in writing or electronically specifically stating that it is for use in
the preparation of such registration statement, preliminary prospectus, final prospectus, summary prospectus, amendment or supplement. The maximum liability of each seller for any such indemnification shall not exceed the amount of proceeds received
by such seller from the sale of his/its Registrable Securities. Such indemnity shall remain in full force and effect, regardless of any investigation made by or on behalf of the Company or any such director, officer or controlling Person and shall
survive the transfer of such securities by such seller. 
 (c) Notices of Claims, etc. Promptly after receipt by an indemnified party
of notice of the commencement of any action or proceeding involving a claim referred to in Section 2.06(a) or (b) above, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party,
give written notice to the latter of the commencement of such action; provided that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations under
Section 2.06(a) or (b) above, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in such indemnified
party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, the indemnifying party shall be entitled to participate in and to assume the defense thereof, jointly with
any other indemnifying party similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party of its election so to assume the
defense thereof, the indemnifying party shall not be liable to such indemnified party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than reasonable costs of investigation. No
indemnifying party shall, without the consent of the indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified
party of a release from all liability in respect to such claim or litigation. 
 (d) Other Indemnification. Indemnification similar
to that specified in Sections 2.06(a), (b) and (c) above (with appropriate modifications) shall be given by the Company and each seller of Registrable Securities with respect to any required registration or other
qualification of securities under any Federal or state law or regulation of any governmental authority other than the Securities Act. 

  
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 (e) Indemnification Payments. The indemnification required by this
Section 2.06 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred. 

Section 2.08 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the
Commission that may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its commercially reasonable efforts to: 

(a) make and keep public information regarding the Company available, as those terms are understood and defined in Rule 144 under the
Securities Act, at all times from and after the date hereof; 
 (b) file with the Commission in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act at all times from and after the date hereof; and 
 (c) so
long as a Holder owns any Registrable Securities, furnish, unless otherwise available via EDGAR, to such Holder forthwith upon request a copy of the most recent annual or quarterly report of the Company, and such other reports and documents so filed
as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration. 

Section 2.09 Transfer or Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities
granted to the Purchasers by the Company under this Article II may be transferred or assigned by any Purchaser to one or more transferees or assignees of Registrable Securities; provided, however, that (a) unless the
transferee or assignee is an Affiliate of, and after such transfer or assignment continues to be an Affiliate of, such Purchaser, the amount of Registrable Securities transferred or assigned to such transferee or assignee shall represent at least
$10.0 million of Registrable Securities (based on the Common Share Price), (b) the Company is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee or assignee and identifying the
securities with respect to which such registration rights are being transferred or assigned, and (c) each such transferee or assignee assumes in writing responsibility for its portion of the obligations of such Purchaser under this Agreement.

 ARTICLE III 

MISCELLANEOUS 

Section 3.01 Communications. All notices and other communications provided for or permitted hereunder shall be made in writing by
facsimile, electronic mail, courier service or personal delivery: 
 (a) if to a Purchaser: 

To the respective address listed on Schedule B to the Common Stock Subscription Agreement 

  
 10 

 (b) if to a transferee of an Purchaser, to such Holder at the address provided pursuant to
Section 2.09 above; and 
 (c) if to the Company: 

Parsley Energy, Inc. 
 500 W.
Texas Ave., Tower I, Suite 200 
 Midland, TX 79701 

Attention: General Counsel 

Facsimile: 512.505.5164 
 Email:
croberts@parsleyenergy.com 
 with a copy to: 

Vinson & Elkins L.L.P. 

1001 Fannin Street 
 Suite 2500

 Houston, TX 77002-6760 

Attention: Douglas E. McWilliams 

Facsimile: 713.615.5725 
 Email:
dmcwilliams@velaw.com 
 All such notices and communications shall be deemed to have been received at the time delivered by hand, if
personally delivered; when receipt acknowledged, if sent via facsimile or sent via Internet electronic mail; and when actually received, if sent by courier service or any other means. 

Section 3.02 Successor and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted
assigns of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein. 
 Section 3.03
Assignment of Rights. All or any portion of the rights and obligations of any Purchaser under this Agreement may be transferred or assigned by such Purchaser only in accordance with Section 2.09 hereof. 

Section 3.04 Recapitalization, Exchanges, Etc. Affecting the Shares. The provisions of this Agreement shall apply to the full
extent set forth herein with respect to any and all shares of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution
of, the Registrable Securities, and shall be appropriately adjusted for combinations, share splits, recapitalizations, pro rata distributions of shares and the like occurring after the date of this Agreement. 

Section 3.05 Aggregation of Registrable Securities. All Registrable Securities held or acquired by Persons who are Affiliates of
one another shall be aggregated together for the purpose of determining the availability of any rights and applicability of any obligations under this Agreement. 

  
 11 

 Section 3.06 Specific Performance. Damages in the event of breach of this Agreement
by a party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable
relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction
or competence of the court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity that such Person may have. 

Section 3.07 Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. 

Section 3.08 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof. 
 Section 3.09 Governing Law. THIS AGREEMENT, AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN
CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR
WARRANTY MADE IN OR IN CONNECTION WITH THIS AGREEMENT), WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. ANY ACTION AGAINST ANY PARTY RELATING TO THE
FOREGOING SHALL BE BROUGHT IN ANY FEDERAL OR STATE COURT OF COMPETENT JURISDICTION LOCATED WITHIN THE STATE OF DELAWARE, AND THE PARTIES HERETO HEREBY IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT LOCATED WITHIN
THE STATE OF DELAWARE OVER ANY SUCH ACTION. THE PARTIES HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH DISPUTE BROUGHT IN SUCH
COURT OR ANY DEFENSE OF INCONVENIENT FORUM FOR THE MAINTENANCE OF SUCH DISPUTE. EACH OF THE PARTIES HERETO AGREES THAT A JUDGMENT IN ANY SUCH DISPUTE MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW. 
 Section 3.10 Severability of Provisions. Any provision of this Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of such provision in
any other jurisdiction. 

  
 12 

 Section 3.11 Entire Agreement. This Agreement is intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein with respect to the rights granted by the Company set forth herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject
matter. 
 Section 3.12 Amendment. This Agreement may be amended only by means of a written amendment signed by the Company and
the Holders of a majority of the then outstanding Registrable Securities; provided, however, that no such amendment shall materially and adversely affect the rights of any Holder hereunder without the consent of such Holder. 

Section 3.13 No Presumption. If any claim is made by a party relating to any conflict, omission or ambiguity in this Agreement, no
presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 

Section 3.14 Obligations Limited to Parties to Agreement. Each of the Parties hereto covenants, agrees and acknowledges that no
Person other than the Purchasers (and their permitted transferees and assignees) and the Company shall have any obligation hereunder and that, notwithstanding that one or more of the Purchasers may be a corporation, partnership or limited liability
company, no recourse under this Agreement or under any documents or instruments delivered in connection herewith or therewith shall be had against any former, current or future director, officer, employee, agent, general or limited partner, manager,
member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the enforcement
of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former,
current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner,
manager, member, stockholder or Affiliate of any of the foregoing, as such, for any obligations of the Purchasers under this Agreement or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in
respect of or by reason of such obligation or its creation, except in each case for any transferee or assignee of a Purchaser hereunder. 

Section 3.15 Independent Nature of Purchaser’s Obligations. The obligations of each Purchaser under this Agreement are
several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under this Agreement. Nothing contained herein, and no action taken by
any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Purchasers are in any way acting in concert or as a
group with respect to such obligations or the transactions contemplated by this Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement, and
it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. 

  
 13 

 Section 3.16 Interpretation. Article and Section references to this Agreement, unless
otherwise specified. All references to instruments, documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and otherwise modified from time to time, unless
otherwise specified. The word “including” shall mean “including but not limited to.” Whenever any determination, consent or approval is to be made or given by an Purchaser under this Agreement, such action shall be in such
Purchaser’s sole discretion unless otherwise specified. 
 [Signature pages to follow] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date first
above written. 
  

			
	PARSLEY ENERGY, INC.
		
	By:	 	 /s/ Bryan Sheffield

	Name:	 	Bryan Sheffield
	Title:	 	President and CEO

  
 Signature Page to 

Registration Rights Agreement 

 
			
	STANDARD INVESTMENT RESEARCH HEDGED EQUITY MASTER FUND, LTD
		
	By:	 	 /s/ Ben Pooshee

	Name:	 	Ben Pooshee
	Title:	 	Chief Operating Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	UBS O’CONNOR LLC, ON BEHALF OF O’CONNOR GLOBAL MULTI-STRATEGY ALPHA MASTER LIMITED
		
	By:	 	 /s/ Jeffrey Putman

	Name:	 	Jeffrey Putman
	Title:	 	Executive Director
		
	By:	 	 /s/ Jeff Richmond

	Name:	 	Jeff Richmond
	Title:	 	Executive Director
		
	By:	 	 /s/ Betsy Kadlec

	Name:	 	Betsy Kadlec
	Title:	 	Managing Director

  
 Signature Page to 

Registration Rights Agreement 

 
			
	T. ROWE PRICE NEW HORIZONS FUND, INC.
	T. ROWE PRICE NEW HORIZONS TRUST
	T. ROWE PRICE U.S. EQUITIES TRUST
	NEW YORK CITY DEFERRED COMPENSATION TRUST
		
	By:	 	T. Rowe Price Associates, Inc., Investment Adviser
		
	By:	 	 /s/ J. David Wagner

	Name:	 	J. David Wagner
	Title:	 	Vice President
	
	T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
	T. ROWE PRICE U.S. SMALL-CAP VALUE EQUITY TRUST
	T. ROWE PRICE U.S. EQUITIES TRUST
		
	By:	 	 /s/ J. David Wagner

	Name:	 	J. David Wagner
	Title:	 	Vice President

  
 Signature Page to 

Registration Rights Agreement 

 
			
	LUXOR CAPITAL PARTNERS, LP
		
	By:	 	 /s/ Norris Nissim

	Name:	 	Norris Nissim
	Title:	 	General Counsel, Luxor Capital Group, LP – as Investment Manager
	
	LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP
		
	By:	 	 /s/ Norris Nissim

	Name:	 	Norris Nissim
	Title:	 	General Counsel, Luxor Capital Group, LP – as Investment Manager
	
	LUXOR WAVEFRONT, LP
		
	By:	 	 /s/ Norris Nissim

	Name:	 	Norris Nissim
	Title:	 	General Counsel, Luxor Capital Group, LP – as Investment Manager

  
 Signature Page to 

Registration Rights Agreement 

 
			
	ENCOMPASS CAPITAL MASTER FUND LP
		
	By:	 	 /s/ Larry Kassman

	Name:	 	Larry Kassman
	Title:	 	Chief Financial Officer
	
	ENCOMPASS CAPITAL E&P MASTER FUND LP
		
	By:	 	 /s/ Larry Kassman

	Name:	 	Larry Kassman
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	BLACKWELL PARTNERS LLC
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	COMPASS OFFSHORE HTV PCC LIMITED
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	COMPASS HTV LLC
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	HIPPARCHUS MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	MAGNETAR GLOBAL EVENT DRIVEN MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	SPECTRUM OPPORTUNITIES MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	MAGNETAR CAPITAL MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	MTP ENERGY FUND LTD.
		
	By:	 	MTP Energy Management LLC
		 	its Investment Manager
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	ADAGE CAPITAL PARTNERS, L.P.
		
	By:	 	 /s/ James Bardinelli

	Name:	 	James Bardinelli
	Title:	 	CFO

  
 Signature Page to 

Registration Rights Agreement 

 
			
	HIGHBRIDGE INTERNATIONAL, LLC
		
	By:	 	 /s/ Jonathan Dorfman

	Name:	 	Jonathan Dorfman
	Title:	 	Managing Director

  
 Signature Page to 

Registration Rights Agreement 

 
			
	P ZIMMER LTD.
		
	By:	 	 /s/ Stuart J. Zimmer

	Name:	 	Stuart J. Zimmer
	Title:	 	CEO of Zimmer Partners, LP, as Investment Manager
	
	ZP MASTER UTILITY FUND, LTD.
		
	By:	 	 /s/ Stuart J. Zimmer

	Name:	 	Stuart J. Zimmer
	Title:	 	CEO of Zimmer Partners, LP, as Investment Manager

  
 Signature Page to 

Registration Rights Agreement 

 
			
	OZ MASTER FUND, LTD.
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	OZC GLOBAL EQUITIES MASTER FUND, L.P.
		
	By:	 	OZ Management LP, its Investment Manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	OZ EUREKA FUND, L.P.
		
	By:	 	OZ Eureka Fund GP, L.P., its General Partner
		
	By:	 	OZ Eureka Fund GP, LLC, its General Partner
		
	By:	 	OZ Advisors LP, its Member
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	OZ ENHANCED MASTER FUND, LTD.
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	GORDEL CAPITAL LIMITED
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	GOLDMAN SACHS PROFIT SHARING MASTER TRUST
		
	By:	 	OZ Management II LP, its investment manager
		
	By:	 	Och-Ziff Holding II LLC, its General Partner
		
	By:	 	OZ Management LP, its Member
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	OZ GLOBAL EQUITY OPPORTUNITIES MASTER FUND, LTD.
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	OZ GLOBAL SPECIAL INVESTMENTS MASTER FUND, L.P.
		
	By:	 	OZ Advisors II LP, its General Partner
		
	By:	 	Och-Ziff Holding LLC, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Registration Rights Agreement 

 
			
	LORD, ABBETT & CO., LLC AS INVESTMENT ADVISOR ON BEHALF OF THE ADVISORY CLIENTS IDENTIFIED on exhibit 1 hereto
		
	By:	 	 /s/ Lawrence J. Kaplan

	Name:	 	Lawrence J. Kaplan
	Title:	 	Member & General Counsel

  
 Signature Page to 

Registration Rights Agreement 

 EXHIBIT 1 TO LORD, ABBETT & CO., LLC 

SIGNATURE PAGE 
  

					
	 Client Name
	  	 Share commitment
	 
	 Lord Abbett Bond-Debenture Fund, Inc.
	  	 	882,750	  
	 Lord Abbett Investment Trust — Lord Abbett High Yield Fund
	  	 	393,200	  
	 Lord Abbett Investment Trust — Lord Abbett Convertible Fund
	  	 	260,000	  
	 Lord Abbett Research Fund, Inc. — Small-Cap Value Series
	  	 	271,500	  
	 Lord Abbett Series Fund, Inc. — Bond-Debenture Portfolio
	  	 	88,000	  
	 Met Investors Series Trust — Lord Abbett Bond Debenture Portfolio
	  	 	131,000	  
	 Lord Abbett Passport Portfolios plc — Lord Abbett High Yield Fund
	  	 	4,550	  
	 Lord Abbett Passport Portfolios plc — Lord Abbett Multi-Sector Income Fund
	  	 	500	  

  
 EXHIBIT 1 TO LORD,
ABBETT & CO., LLC 
 SIGNATURE PAGEExhibit 4.1

	
  

  	
  DAWSON
  GEOPHYSICAL COMPANY AUTHORIZED SIGNATURE TRANSFER AGENT AND REGISTRAR
  (Brooklyn, NY) AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC BY
  COUNTERSIGNED AND REGISTERED: SECRETARY PRESIDENT AND CHIEF EXECUTIVE OFFICER
  transferable on the books of the above Corporation by the holder hereof in
  person or by duly authorized Attorney upon surrender of this certificate
  properly endorsed. This certificate is not valid unless countersigned by the
  Transfer Agent. WITNESS the facsimile seal of the Corporation and the
  facsimile signatures of its duly authorized officers. Dated: FULLY PAID AND
  NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.01 EACH OF THE COMMON STOCK OF
  DAWSON GEOPHYSICAL COMPANY IS THE OWNER OF THIS CERTIFIES THAT SEE REVERSE
  FOR CERTAIN DEFINITIONS CUSIP 239360 10 0 INCORPORATED UNDER THE LAWS OF THE
  STATE OF TEXAS SHARES COMMON STOCK DGC 

  

 

 

	
  

  	
   THE SIGNATURE(S) MUST BE GUARANTEED BY AN
  ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
  ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
  GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. Signature(s)
  Guaranteed: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS
  WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT
  ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. NOTICE: Dated, Attorney to
  transfer the said stock on the books of the within-named Corporation with
  full power of substitution in the premises. of the common stock represented
  by the within Certificate, and do hereby irrevocably constitute and appoint
  Shares hereby sell, assign and transfer unto For value received, PLEASE PRINT
  OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE PLEASE INSERT
  SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE Additional
  abbreviations may also be used though not in the above list. (State) Act
  under Uniform Gifts to Minors (Minor) (Cust) Custodian UNIF GIFT MIN ACT as
  tenants in common as tenants by the entireties as joint tenants with right of
  survivorship and not as tenants in common TEN COM TEN ENT JT TEN The
  following abbreviations, when used in the inscription on the face of this
  certificate, shall be construed as though they were written out in full
  according to applicable laws or regulations: The provisions of the
  Certificate of Formation, as amended, of the Corporation set forth (i) the
  designations, preferences, limitations and relative rights of each class of
  securities that the Corporation is authorized to issue and the authority of
  the Board of Directors to fix and determine the relative rights and
  references of each series thereof, (ii) the denial of the preemptive rights
  of shareholders to acquire unissued or treasury shares or other securities of
  the Corporation, and (iii) the denial of cumulative voting of any meeting of
  shareholders for the election of directors of the Corporation. The Certificate
  of Formation, as amended, of the Corporation is on file with the Secretary of
  State of the State of Texas, and the Corporation shall furnish a copy thereof
  to the record holder of this certificate, without charge, on written request
  to the Corporation at its principal place of business.

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