Document:

ex10-8.htm

EXHIBIT 10.8

 

CONSULTING SERVICES AGREEMENT

 

This Consulting Services Agreement ("Agreement"), dated effective as of June 1, 2014, is made by and between ZMAX Capital Corp., a Florida corporation (“ZMAX”), whose address is 4045 Sheridan Avenue, Suite 443, Miami Beach, Florida 33140 and, Placer Del Mar Ltd., a Nevada corporation (the “Company”), having its principal place of business at 4045 Sheridan Avenue, Suite 443, Miami Beach, Florida 33140.

WHEREAS, the Company desires assistance in the management consulting, business development and corporate finance areas; and

 

WHEREAS, ZMAX and its affiliates and/or assigns (collectively, the “Consultant”) desires to provide Consulting Services (as defined below) to the Company as of the date first written above, and the Company desires to engage the Consultant to provide the Consulting Services to the Company;

 

NOW, THEREFORE, in consideration for those services Consultant will to provide to the Company, the Company and Consultant (collectively, the “Parties”) agree as follows:

 

1. Services of Consultant.

 

Consultant shall perform for the Company certain professional consulting services relating to management, business development, corporate finance and other related activities as directed by the Company.  Consultant is not a broker-dealer and none of the services required to be provided by Consultant under this Agreement shall require that it be a broker-dealer. The services to be provided by Consultant will not be in connection with the offer or sale of any securities in any capital-raising transaction, and will not directly or indirectly promote or maintain a market for the Company's securities.  Consultant may provide the services in conjunction with professionals who may act under Consultant’s direct supervision.  Consultant and/or such professionals shall provide such consulting work monthly through the term of this Agreement (“Consulting Services”).

 

2. Consideration.

 

In consideration of the services rendered and to be rendered by the Consultant hereunder, the Company will pay the Consultant a monthly fee of $10,000 (the “Cash Fee”).  From the Date hereof, the Consultant shall be paid the Cash Fee on a monthly basis at the beginning of each month for the remainder of the Term (as defined below).

3. Expenses.

 

The Company agrees to reimburse Consultant for reasonable out-of-pocket expenses upon prior written approval by the Company, to a maximum aggregate amount of $5,000.

 

  

  

  

 

    4.    Confidentiality.

 

Each of the Parties recognizes that during the course of this Agreement, information that is confidential or of a proprietary nature may be disclosed to the other Party, including, but not limited to, product and business plans, software, technical processes and formulas, source codes, product designs, customers, suppliers, sales, costs and other unpublished financial information, advertising revenues, usage rates, advertising relationships, projections, and marketing data ("Confidential Information"). Each of the Parties agrees to keep all such Confidential Information of the other confidential and not to discuss or disclose it to anyone other than their agents without the approval of the disclosing Party.  Confidential Information shall not include information that the receiving Party can demonstrate (a) is, as of the time of its disclosure, or thereafter becomes part of the public domain through a source other than the receiving Party, (b) was known to the receiving Party as of the time of its disclosure, (c) is independently developed by the receiving Party, or (d) is subsequently learned from a third Party not under a confidentiality obligation to the disclosing Party.

 

5.           Indemnification.

 

a. The Company agrees to indemnify, defend, and hold harmless Consultant, its assignees, and their respective directors, officers, managers, partners, employees, attorneys and agents, and to defend any action brought against said parties with respect to any and all claims, demands, causes of action, debts or liabilities, including reasonable attorneys' fees, arising out of work performed under this Agreement, including breach of the Company of this Agreement, unless caused by the grossly negligent actions of Consultant.

 

b. Consultant agrees to indemnify, defend, and shall hold harmless the Company, its directors, officers, employees, attorneys, and agents, and defend any action brought against same with respect to any claim, demand, cause of action, debt or liability, including reasonable attorneys' fees, to the extent that such an action arises out of the gross negligence or willful misconduct of Consultant.

 

c. In claiming any indemnification hereunder, the indemnified party shall promptly provide the indemnifying Party with written notice of any claim, which the indemnified party believes falls within the scope of the foregoing paragraphs. The indemnified party may, at its expense, assist in the defense if it so chooses, provided that the indemnifying Party shall control such defense, and all negotiations relative to the settlement of any such claim.  Any settlement intended to bind the indemnified party shall not be final without the indemnified party's written consent, which shall not be unreasonably withheld.

 

6.           Limitation of Liability.

 

Unless Consultant is found to be grossly negligent, Consultant shall have no liability with respect to Consultant's obligations under this Agreement or otherwise for consequential, exemplary, special, incidental, or punitive damages. 

 

  

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7.           Term and Termination.

 

a. This Agreement shall be deemed effective as of June 1, 2014 and shall terminate twelve (12) months (the “Term”) thereafter.

 

b. The Company shall have the right to terminate this agreement for any reason upon ten (10) days’ prior written notice to Consultant during the Term. Upon such termination, Consultant shall provide and deliver to the Company any and all outstanding services due through the effective termination date of this Agreement.

 

In the event of a termination of this Agreement pursuant to this Section 7, the Company shall not be entitled to request the return of any of the Cash Fee previously paid to Consultant hereunder, all of which Cash Fee shall be deemed fully earned upon payment.

 

8.           Miscellaneous.

 

a. This Agreement establishes an "independent contractor" relationship between Consultant and the Company.  Nothing herein shall be construed to create an employer-employee relationship between Consultant and the Company or any of its subsidiaries or affiliates. The consideration set forth in Section 2 of this Agreement shall be the sole consideration due Consultant for the services rendered hereunder.

 

b. The rights of each of the Parties under this Agreement are cumulative.  The rights of each of the Parties hereunder shall not be capable of being waived or varied other than by an express waiver or variation in writing.  Any failure to exercise or any delay in exercising any of such rights shall not operate as a waiver or variation of that or any other such right.  Any defective or partial exercise of any of such rights shall not preclude any other or further exercise of that or any other such right.  No act or course of conduct or negotiation on the part of any Party shall in any way preclude such Party from exercising any such right or constitute a suspension or any variation of any such right.

 

c. This Agreement and the terms, covenants, conditions, provisions, obligations, undertakings, rights, and benefits hereof, shall be binding upon, and shall inure to the benefit of, the undersigned Parties and their heirs, executors, administrators, representatives, successors, and permitted assigns.

 

d. This Agreement contains the entire Agreement between the Parties with respect to the subject matter hereof.  There are no promises, agreements, conditions, undertakings, understandings, warranties, covenants or representa­tions, oral or written, express or implied, between them with respect to this Agreement or the matters described in this Agreement, except as set forth in this Agreement.  Any such negotiations, promises, or understandings shall not be used to interpret or constitute this Agreement.

 

e. Only an instrument in writing executed by all the Parties hereto may amend this Agreement.

 

f. Each part of this Agreement is intended to be severable.  In the event that any provision of this Agreement is found by any court or other authority of competent jurisdiction to be illegal or unenforceable, such provision shall be severed or modified to the extent necessary to render it enforceable and as so severed or modified, this Agreement shall continue in full force and effect.

 

  

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g. Unless the context otherwise requires, when used herein, the singular shall be deemed to include the plural, the plural shall be deemed to include each of the singular, and pronouns of one or no gender shall be deemed to include the equivalent pronoun of the other or no gender.

 

h. In addition to the instruments and documents to be made, executed and delivered pursuant to this Agreement, the Parties hereto agree to make, execute and deliver or cause to be made, executed and delivered, to the requesting Party such other instruments and to take such other actions as the requesting Party may reasonably require to carry out the terms of this Agreement and the transactions contemplated hereby.

 

i. Any notice which is required or desired under this Agreement shall be given in writing and may be sent by personal delivery or by mail (either a. United States mail, postage prepaid, or b. Federal Express or similar generally recognized overnight carrier), addressed as first written above (subject to the right to designate a different address by notice similarly given).

 

j. This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York without reference to its conflicts of laws rules or principles.  Each of the Parties consents to the exclusive jurisdiction of the federal and state courts having subject matter jurisdiction that are located in New York County in the State of New York in connection with any dispute arising under this Agreement and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on forum non conveniens, to the bringing of any such proceeding in such jurisdictions.

 

k. The person signing this Agreement on behalf of each Party hereby represents and warrants that such person has the necessary power, consent and authority to execute and deliver this Agreement on behalf of such Party.

 

l. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same Agreement.

 

m. Unless the context otherwise requires, when used herein, the singular shall be deemed to include the plural, the plural shall be deemed to include each of the singular, and pronouns of one or no gender shall be deemed to include the equivalent pronoun of the other or no gender.

 

 

[Signature Page Immediately Follows]

 

  

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed and have agreed to and accepted the terms herein on the date first written above.

 

 

 

	  	
ZMAX CAPITAL CORP.

	 
	  	  	 
	 	 	 
	  	
By: /s/ Shafiq Nazerali

	 
	  	
Name: Shafiq Nazerali

	 
	  	
Title:  President

	 
	  	  	 
	  	
PLACER DEL MAR LTD.

	 
	  	  	 
	 	 	 
	  	
By: /s/ Frank Terzo

	 
	  	
Name: Frank Terzo

	 
	  	
Title: Chief Executive Officer

	 

 

  

5EX-10.1

 Exhibit 10.1 
  

 
  

 
 

 
 EIGHTH AMENDMENT TO CREDIT
AGREEMENT 
 dated as of October 10, 2014 

among 
 Memorial
Production Operating LLC, 
 as Borrower, 

The Guarantors Party Hereto, 

Wells Fargo Bank, National Association, 

as Administrative Agent, 

JPMorgan Chase Bank, N.A., 

as Syndication Agent, 

Royal Bank of Canada, The Royal Bank of Scotland plc, MUFG Union Bank, N.A. f/k/a 

Union Bank, N.A., and 

Comerica Bank, 
 as
Co-Documentation Agents, 
 and 

The Lenders Party Hereto 
  

 
 Wells Fargo
Securities, LLC and J.P. Morgan Securities LLC 
 Co-Lead Arrangers and Joint Bookrunners 

 
  

 

 EIGHTH AMENDMENT TO CREDIT AGREEMENT 
 This
EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Eighth Amendment”), dated as of October 10, 2014 (the “Eighth Amendment Effective Date”),
is among MEMORIAL PRODUCTION OPERATING LLC, a limited liability company formed under the laws of the State of Delaware (the “Borrower”); MEMORIAL PRODUCTION
PARTNERS LP, a limited partnership formed under the laws of the State of Delaware (the “Parent”); each of the other undersigned guarantors (together with the Borrower and the Parent, collectively, the “Loan
Parties”); each of the Lenders that is a signatory hereto; and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity,
together with its successors, the “Administrative Agent”). 
 Recitals 

A.      The Borrower, the Parent, the Administrative Agent and the Lenders are parties to that
certain Credit Agreement dated as of December 14, 2011 (as amended prior to the date hereof, the “Credit Agreement”), pursuant to which the Lenders have, subject to the terms and conditions set forth therein, made certain
credit available to and on behalf of the Borrower. 
 B.      The Borrower, the Parent, the
Administrative Agent and the Lenders desire to (i) amend certain terms and provisions of the Credit Agreement as set forth herein and (ii) increase the Borrowing Base from $1,315,000,000 to $1,440,000,000, in each case to be effective as
of the Eighth Amendment Effective Date. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1.      Defined Terms.   Each capitalized term which is
defined in the Credit Agreement, but which is not defined in this Eighth Amendment, shall have the meaning ascribed such term in the Credit Agreement, as amended hereby. Unless otherwise indicated, all section references in this Eighth Amendment
refer to the Credit Agreement. 
 Section 2.      Amendments as of Eighth Amendment
Effective Date.  In reliance on the representations, warranties, covenants and agreements contained in this Eighth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the
Credit Agreement shall be amended effective as of the Eighth Amendment Effective Date in the manner provided in this Section 2. 

2.1      Additional Definition.  Section 1.02 of the Credit Agreement is
hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows: 

  “Eighth Amendment”  means that certain Eighth
Amendment to Credit Agreement dated as of October 10, 2014, among the Borrower, the Parent, the other Guarantors, the Administrative Agent and the Lenders. 

  
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 2.2      Amended
Definitions.    The definitions of “Approved Counterparty”, “Borrowing Base Deficiency”, “Casualty Event”, “Change in Control”, “Devco”,
“FATCA”, “Loan Documents”, “Material Indebtedness”, “Material Subsidiary” and “Swap Agreement” contained in Section 1.02 of the Credit Agreement are hereby
amended and restated in their entirety to read in full as follows: 

  “Approved Counterparty” means (a) any Lender or any
Affiliate of a Lender or (b) any other Person that has a long term senior unsecured debt rating of BBB+/Baa1 by S&P or Moody’s (or their equivalent) or higher at the time the relevant Swap Agreement is entered into (including, for the
sake of clarity, any other Person the obligations of which under Swap Agreements with Loan Parties are guaranteed by a credit support provider that has a long term senior unsecured debt rating of BBB+/Baa1 by S&P or Moody’s (or their
equivalent) or higher at the time such Swap Agreement is entered into). 

  “Borrowing Base Deficiency” occurs if at any time the total
Revolving Credit Exposures exceeds the Borrowing Base then in effect. For the sole purpose of determining whether a Borrowing Base Deficiency exists at a particular time, the amount of Revolving Credit Exposures at such time shall be reduced on a
dollar for dollar basis by the amount of cash collateral held at such time by the Administrative Agent on behalf of the Lenders as provided in Section 2.08(j), solely to the extent such cash collateral was deposited pursuant to
Section 3.04(c). 
   “Casualty Event” means any
loss, casualty or other insured damage to, or any nationalization, taking under power of eminent domain or by condemnation or similar proceeding of, any Property of the Borrower or of any other Loan Party having a fair market value in excess of
$25,000,000. 
   “Change in Control” means the occurrence of
any of the following: 
   (a)      the acquisition
of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof) other than Devco, the Borrower or
any NGP Party, of Equity Interests representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Parent; 

  (b)      [Reserved]; 

  (c)      the General Partner shall cease to be the
sole general partner of the Parent, with substantially the same powers to manage the Parent as are granted to the General Partner under the Partnership Agreement on the Effective Date, other than as a result of the acquisition, directly or
indirectly, by the Borrower or Devco of 100% of the Equity Interests of the Parent; 

  (d)      the Parent shall at any time cease to own
100% of the Equity Interests of the Borrower, other than as a result of the acquisition, directly or indirectly, by the Borrower of 100% of the Equity Interests of the Parent; 

  
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  (e)      Devco shall fail to directly, or
indirectly, own beneficially, or to have the power to vote or direct the voting of, Equity Interests representing more than a majority of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the General
Partner, other than as a result of the acquisition, directly or indirectly, by the Parent or the Borrower of Equity Interests representing more than a majority of the aggregate ordinary voting power represented by the issued and outstanding Equity
Interests of the General Partner; or 

  (f)      the Borrower or another Loan Party ceases
to own 100% of the Equity Interests of each Guarantor (other than the Parent). 

  “Devco” means (a) prior to the effective time of the Devco
IPO, Memorial Resource Development LLC, a Delaware limited liability company, and (b) from and after the effective time of the Devco IPO, Memorial Resource Development Corp., a Delaware corporation. 

  “FATCA” means Sections 1471 through 1474 of the Code as of the
date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into
pursuant to Section 1471(b)(1) of the Code. 
   “Loan
Documents” means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Seventh Amendment, the Eighth Amendment, the Notes, the Letter of Credit
Agreements, the Letters of Credit, the Agency Fee Letter, and the Security Instruments. 

  “Material Indebtedness” means Debt (other than the Loans and
Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and the other Loan Parties in an aggregate principal amount exceeding $25,000,000. For purposes of determining Material Indebtedness,
the “principal amount” of the obligations of the Borrower or any other Loan Party in respect of any Swap Agreement at any time shall be the Swap Termination Value. 

  “Material Subsidiary” means, as of any date, any Domestic
Subsidiary that is a Wholly-Owned Subsidiary that either (a) together with its Subsidiaries, owns Property having a fair market value of $10,000,000 or more, or (b) otherwise becomes or is required to become a Guarantor pursuant to
Section 8.14. 
   “Swap Agreement” means any
agreement with respect to any swap, forward, future or derivative transaction (including floors, caps and collars) or option or similar agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by reference
to, one or more rates, currencies, commodities (including Emissions Credits), equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, 

  
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financial or pricing risk or value or any similar transaction or any combination of these transactions (including any agreement, contract or transaction that constitutes a “swap” within
the meaning of section 1a(47) or Section 2(e) of the Commodity Exchange Act); provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees
or consultants of the Borrower or the other Loan Parties shall be a Swap Agreement. Solely for the purposes of Section 9.18, the term “Swap Agreement” shall be deemed to exclude purchased put options or floors for Hydrocarbons
that are not related to corresponding calls, collars or swaps and with respect to which neither the Borrower nor any other Loan Party has any payment obligation other than premiums and charges the total amount of which are fixed and known at the
time such transaction is entered into. 
 2.3      Deletion of
Definition.   The definition of “Appointed Directors” contained in Section 1.02 of the Credit Agreement is hereby deleted in its entirety. 

2.4      Amendment to Section 2.06 of the Credit
Agreement.  Section 2.06(c) of the Credit Agreement is hereby amended by adding a new clause (ix) at the end of such Section to read in full as follows: 

  (ix) Contemporaneously with any increase in the Borrowing Base pursuant to this
Agreement, if (A) the Borrower elects to increase the Aggregate Elected Commitment Amount and (B) each Lender has consented to such increase in its Elected Commitment, then the Aggregate Elected Commitment Amount shall be increased
(ratably among the Lenders in accordance with each Lender’s Applicable Percentage) by the amount requested by the Borrower (subject to the limitations set forth in Section 2.06(c)(ii)(A)) without the requirement that any Lender
deliver an Elected Commitment Increase Certificate, and Annex I shall be deemed amended to reflect such amendments to each Lender’s Elected Commitment and the Aggregate Elected Commitment Amount. The Administrative Agent shall record the
information regarding such increases in the Register required to be maintained by the Administrative Agent pursuant to Section 12.04(b)(iv). 

2.5      Amendment to Section 2.07 of the Credit
Agreement.  Section 2.07(b) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

  (b)      Scheduled and Interim
Redeterminations.    The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.07(d), such
redetermined Borrowing Base shall become effective and applicable to the Borrower, the Agents, the Issuing Bank and the Lenders on or about April 1st and October 1st of each year (or, in each case, such date promptly thereafter as
reasonably practicable), commencing April 1, 2012. In addition, (i) the Borrower may, by notifying the Administrative Agent thereof, elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (A) up to two
times per fiscal year and (B) in addition to the unscheduled redeterminations the Borrower 

  
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may request pursuant to the foregoing clause (A), contemporaneously with the consummation of any Material Acquisition (as used herein with the same meaning given such term in the definition of
“Consolidated EBITDAX”), and (ii) the Administrative Agent may, at the direction of the Required Lenders, by notifying the Borrower thereof, one time per fiscal year elect to cause the Borrowing Base to be redetermined between
Scheduled Redeterminations (each redetermination in the foregoing clauses (i) and (ii), an “Interim Redetermination”) in accordance with this Section 2.07. 

2.6      Amendment to Section 8.01 of the Credit
Agreement.   Section 8.01(o) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

  (o)      Production Report and Lease Operating
Statements.  Concurrently with the delivery of each Reserve Report required to be delivered pursuant to Section 8.12(a), a report setting forth, for each calendar month during the then current fiscal year to date, the
volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem,
severance and production taxes and lease operating expenses attributable thereto and incurred for each such calendar month. 

2.7      Amendment to Section 8.12 of the Credit Agreement.   The
last sentence of Section 8.12(a) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

  The Reserve Report as of January 1 of each year (or December 31 of the
preceding year) shall be prepared or audited by one or more Approved Petroleum Engineers. 

2.8      Amendment to Section 9.02 of the Credit
Agreement.  Section 9.02 of the Credit Agreement is hereby amended by (a) deleting the “and” following the semicolon at the end of clause (f) thereof, (b) deleting the “.” at the end of clause
(g) thereof and replacing it with “; and” and (c) adding a new clause (h) to such Section which shall read in full as follows: 

  (h)      Debt of the Borrower or a Guarantor to the Borrower or any
Guarantor. 
 2.9      Amendment to Section 9.03 of the Credit
Agreement.   Section 9.03(e) of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: 

  (e)      Liens on cash in an aggregate amount of up
to $20,000,000 at any one time outstanding securing any Swap Agreement with any Approved Counterparty that is neither a Lender nor an Affiliate of a Lender; and 

  
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 2.10      Amendments to Section 9.12 of the
Credit Agreement. 
     (a)      Section 9.12(d) of the Credit
Agreement is hereby amended and restated in its entirety to read in full as follows: 

  (d)      sales or other dispositions (including
Casualty Events and events that would, but for their magnitude, constitute Casualty Events), other than as provided in clauses (a) through (c) or (e), of Oil and Gas Properties or any interest therein or Subsidiaries owning Oil and Gas
Properties; provided that (i) the consideration received in respect of such sale or other disposition shall be equal to or greater than the fair market value of the Oil and Gas Property, interest therein or Subsidiary subject of such sale or
other disposition (in each case, as reasonably determined by the Borrower and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer certifying to that effect), (ii) not less than
(A) 75% of the proceeds of such sale or other disposition of Oil and Gas Property, if to a Person other than an Affiliate, shall be in cash and (B) 50% of the proceeds of such sale or other disposition of Oil and Gas Property, if to an
Affiliate, shall be in cash, provided that, if less than 75% of the proceeds of any such sale or disposition are in cash, the Parent shall be in pro forma compliance with the covenants set forth in Section 9.01 both before and after
giving effect to such sale or disposition, (iii) no Default or Event of Default has occurred and is continuing or would result from such sale or disposition, as applicable, (iv) if such sale or disposition would result in an automatic
redetermination of the Borrowing Base pursuant to Section 2.07(f), the Borrower delivers reasonable prior written notice thereof to the Administrative Agent, (v) if a Borrowing Base Deficiency would result from such sale or
disposition as a result of an automatic redetermination of the Borrowing Base pursuant to Section 2.07(f), the Borrower prepays Borrowings, prior to or contemporaneously with the consummation of such sale or disposition, to the extent
that such prepayment would have been required under Section 3.04(c)(iii) after giving effect to such automatic redetermination of the Borrowing Base, and (vi) if any such sale or other disposition is of Equity Interests in a
Subsidiary owning Oil and Gas Properties, such sale or other disposition shall include all the Equity Interests of the Loan Parties in such Subsidiary; 

    (b)      Section 9.12(f) of the Credit Agreement is hereby amended
and restated in its entirety to read in full as follows: 

  (f)      sales and other dispositions of
Properties not regulated by Section 9.12(a) to (e) having a fair market value not to exceed $10,000,000 in the aggregate during any 12-month period. 

    (c)      A new paragraph is hereby added at the end of
Section 9.12 of the Credit Agreement to read in full as follows: 
   For
the sake of clarity, the forfeiture of all or any portion of any lease as the result of a decision by any Loan Party not to drill any well or take any other action necessary to maintain such lease in full force and effect is not a sale or other
disposition which is subject to this Section 9.12. 

  
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 2.11      Amendments to Section 9.18 of the
Credit Agreement. 
     (a)      Section 9.18(a)(i) of the
Credit Agreement is hereby amended to delete the reference to “40%” contained therein and insert in lieu thereof a reference to “50%”. 

    (b)      Section 9.18(b) of the Credit Agreement is hereby amended
and restated in its entirety to read in full as follows: 

  (b)      In no event shall any Swap Agreement
contain any requirement, agreement or covenant for a Loan Party to post collateral or margin to secure their obligations under such Swap Agreement or to cover market exposures, except (i) to the extent permitted under Section 9.03(e) and
(ii) in the case of a Swap Agreements with an Approved Counterparty, to the extent provided pursuant to the Loan Documents. 

2.12      Replacement of Annex I of the Credit Agreement.    Annex I
to the Credit Agreement is hereby replaced in its entirety with Annex I attached hereto and Annex I attached hereto shall be deemed to be attached as Annex I to the Credit Agreement. After giving effect to this Section 2.12
and any Borrowings made on the Eighth Amendment Effective Date and notwithstanding anything in Section 2.02(a) or Section 4.01(c) of the Credit Agreement, (a) each Lender who holds Loans in an aggregate amount less than its Applicable
Percentage (after giving effect to this Section 2.12) of all Loans shall advance new Loans which shall be disbursed to the Administrative Agent and used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount
greater than its Applicable Percentage of all Loans, (b) each Lender’s participation in each Letter of Credit, if any, shall be automatically adjusted to equal its Applicable Percentage (after giving effect to this
Section 2.12), (c) such other adjustments shall be made as the Administrative Agent shall specify so that the Revolving Credit Exposure applicable to each Lender equals its Applicable Percentage (after giving effect to this
Section 2.12) of the aggregate Revolving Credit Exposure of all Lenders and (d) the Borrower shall be required to make any break-funding payments required under Section 5.02 of the Credit Agreement resulting from the Loans and
adjustments described in this Section 2.12. 

Section 3.       Borrowing Base Increase.  In reliance on the
representations, warranties, covenants and agreements contained in this Eighth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, (a) the Loan Parties, the Administrative Agent, and
the Lenders hereby agree that the Borrowing Base shall be increased from $1,315,000,000 to $1,440,000,000 effective as of the Eighth Amendment Effective Date and shall remain at such level until the next Scheduled Redetermination, the next Interim
Redetermination or other adjustment to the Borrowing Base thereafter, whichever occurs first. The redetermination of the Borrowing Base provided for in this Section 3 shall be considered and deemed to be the Scheduled Redetermination
scheduled for on or about October 1, 2014 for purposes of Section 2.07 of the Credit Agreement. 

  
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 Section 4.      Aggregate Elected
Commitment Amount.  By its signature below, (a) the Borrower hereby elects pursuant to Section 2.06 of the Credit Agreement to increase the Aggregate Elected Commitment Amounts to $1,440,000,000 in accordance with each
Lender’s Applicable Percentage (after giving effect to Section 2.4 and Section 2.12 hereof) and (b) each Lender hereby consents to such change in its Elected Commitment. 

Section 5.      Conditions Precedent to this Eighth Amendment.  The
effectiveness of the amendments to the Credit Agreement contained in Section 2 hereof, the Borrowing Base increase contained in Section 3 hereof, and the increase in the Aggregate Elected Commitment Amounts contained in
Section 4 hereof are each subject to the following: 
 5.1      The Administrative
Agent shall have received counterparts of this Eighth Amendment from the Loan Parties and each of the Lenders. 

5.2      The Administrative Agent shall have received all fees and other amounts due and payable
on or prior to the Eighth Amendment Effective Date. 
 5.3      No Default, Event of Default,
or Borrowing Base Deficiency exists immediately prior to or after giving effect to the amendments to the Credit Agreement contained in Section 2 hereof, the Borrowing Base increase contained in Section 3 hereof and the
increase in the Aggregate Elected Commitment Amounts contained in Section 4 hereof. 

5.4      The Administrative Agent shall have received duly executed Notes payable to each Lender
requesting a Note in a principal amount equal to its Maximum Credit Amount (as amended by Section 2.12 hereof) dated as of the Eighth Amendment Effective Date. 

5.5      The Administrative Agent shall have received such other documents as the Administrative
Agent or counsel to the Administrative Agent may reasonably request. 
 The Administrative Agent shall notify the Borrower
and the Lenders of the effectiveness of this Eighth Amendment, and such notice shall be conclusive and binding. 

Section 6.      Representations and Warranties; Etc.  Each Loan Party
hereby affirms: (a) that as of the date hereof, all of the representations and warranties contained in each Loan Document to which such Loan Party is a party are true and correct in all material respects as though made on and as of the date
hereof (unless made as of a specific earlier date, in which case, was true as of such date and except to the extent that any such representation and warranty is qualified by materiality, in which case such representation and warranty shall continue
to be true and correct in all respects), (b) no Defaults exist under the Loan Documents or will, after giving effect to this Eighth Amendment, exist under the Loan Documents and (c) no Material Adverse Effect has occurred. 

Section 7.      Return of Promissory Notes.  Promptly upon receipt of any
replacement Note under Section 5.4 hereof, each Lender shall return to the Administrative Agent (for delivery to the Borrower for cancellation) any other Note in such Lender’s possession that was previously delivered to such Lender
under the Credit Agreement. 

  
 8 

 Section 8.      Miscellaneous. 

8.1      Confirmation and Effect.  The provisions of the Credit Agreement (as
amended by this Eighth Amendment) shall remain in full force and effect in accordance with its terms following the effectiveness of this Eighth Amendment. Each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof’, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or
delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. 

8.2      Ratification and Affirmation of Loan Parties.  Each of the Loan
Parties hereby expressly (a) acknowledges the terms of this Eighth Amendment, (b) ratifies and affirms its obligations under the Guaranty Agreement and the other Loan Documents to which it is a party, as amended hereby,
(c) acknowledges, renews and extends its continued liability under the Guaranty Agreement and the other Loan Documents to which it is a party, as amended hereby, (d) ratifies and affirms all Liens granted pursuant to the Loan Documents to
secure the Indebtedness, and (e) agrees that its guarantee under the Guaranty Agreement and the other Loan Documents to which it is a party remains in full force and effect with respect to the Indebtedness, as amended hereby. 

8.3      Counterparts.  This Eighth Amendment may be executed by one or more of
the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Eighth Amendment by facsimile or electronic (e.g. pdf) transmission
shall be effective as delivery of a manually executed original counterpart hereof. 

8.4      No Oral Agreement.      THIS
WRITTEN EIGHTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS
EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN
THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

8.5      Governing Law.  THIS EIGHTH
AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF)
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 

8.6      Payment of Expenses.      The Borrower agrees to
pay or reimburse the Administrative Agent for all of its out-of-pocket costs and expenses incurred in connection with this Eighth Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including,
without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 

8.7      Severability.  Any provision of this Eighth Amendment 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, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 9 

 8.8      Successors and
Assigns.  This Eighth Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

[signature pages follow] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Eighth Amendment to be duly executed
effective as of the date first written above. 
  

									
	 BORROWER:
	 	MEMORIAL PRODUCTION OPERATING LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

		
	 GUARANTORS:
	 	 MEMORIAL PRODUCTION PARTNERS LP, a Delaware limited partnership

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

		
		 	COLUMBUS ENERGY, LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
		 	WHT ENERGY PARTNERS LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

		
		 	RISE ENERGY OPERATING, LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
		 	RISE ENERGY MINERALS, LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Rise Energy Operating, LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

		
		 	RISE ENERGY BETA, LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Rise Energy Operating, LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
		 	MEMORIAL PRODUCTION FINANCE CORPORATION, a Delaware corporation
			
		 		 	 By:   /s/ Robert L. Stillwell,
Jr.                                

		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 	 Title:  Vice President, Finance

		
		 	WHT CARTHAGE LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 WHT Energy Partners LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

		
		 	MEMORIAL ENERGY SERVICES LLC, a Delaware limited liability company
				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
		 	MEMORIAL MIDSTREAM LLC, a Texas limited liability company
				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

		
		 	PROSPECT ENERGY, LLC, a Colorado limited liability company
				
		 		 	 By:
	 	 Memorial Production Operating LLC, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners LP, its sole member

				
		 		 	 By:
	 	 Memorial Production Partners GP LLC, its general partner

					
		 		 		 	 By:
	 	 /s/ Robert L. Stillwell, Jr.

		 		 		 	 Name:
	 	 Robert L. Stillwell, Jr.

		 		 		 	 Title:
	 	 Vice President, Finance

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 ADMINISTRATIVE AGENT AND LENDER:

			
		 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Bank and a Lender
				
		 		 	 By:
	 	 /s/ Shiloh Davila

		 		 	 Name: Shiloh Davila

		 		 	 Title:   Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	LENDER:	 		 	JPMORGAN CHASE BANK, N.A., as a Lender
				
		 		 	 By:
	 	 /s/ Theresa M. Benson

		 		 	 Name: Theresa M. Benson

		 		 	 Title:   Authorized Officer

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	LENDER:	 		 	CITIBANK, N.A., as a Lender
				
		 		 	 By:
	 	/s/ Peter Kardos
		 		 	 Name: Peter Kardos

		 		 	 Title: Vice-President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	COMERICA BANK, as a Lender
				
		 		 	 By:
	 	 /s/ Jeffery Treadway

		 		 	 Name: Jeffery Treadway

		 		 	 Title: Senior Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	ROYAL BANK OF CANADA, as a Lender
				
		 		 	 By:
	 	 /s/ Mark Lumpkin, Jr.

		 		 	 Name: Mark Lumpkin, Jr.

		 		 	 Title: Authorized Signatory

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	THE ROYAL BANK OF SCOTLAND PLC, as a Lender
				
		 		 	 By:
	 	 /s/ James L. Moyes

		 		 	 Name: James L. Moyes

		 		 	 Title: Managing Director

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	U.S. BANK NATIONAL ASSOCIATION, as a Lender
				
		 		 	 By:
	 	 /s/ John C. Lozano

		 		 	 Name: John C. Lozano

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	MUFG Union Bank, N.A. f/k/a UNION BANK, N.A., as a Lender
				
		 		 	 By:
	 	 /s/ Stacy A. Goldstein

		 		 	 Name: Stacy A. Goldstein

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	BARCLAYS BANK PLC, as a Lender
				
		 		 	 By:
	 	 /s/ Vanessa Kurbatskiy

		 		 	 Name: Vanessa Kurbatskiy

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	BANK OF AMERICA, N.A., as a Lender
				
		 		 	 By:
	 	 /s/ Raza Jafferi

		 		 	 Name: Raza Jafferi

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	NATIXIS, as a Lender
				
		 		 	 By:
	 	 /s/ Louis P. Laville, III

		 		 	 Name:  Louis P. Laville, III

		 		 	 Title:  Managing Director

				
		 		 	 By:
	 	 /s/ Stuart Murray

		 		 	 Name: Stuart Murray

		 		 	 Title:  Managing Director

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	AMEGY BANK NATIONAL ASSOCIATION, as a Lender
				
		 		 	 By:
	 	 /s/ Thomas Kleiderer

		 		 	 Name:  Thomas Kleiderer

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
				
		 		 	 By:
	 	 /s/ Ting Lee

		 		 	 Name: Ting Lee

		 		 	 Title:  Director

				
		 		 	 By:
	 	 /s/ Nimisha Srivastav

		 		 	 Name: Nimisha Srivastav

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 ING CAPITAL LLC, as a Lender

				
		 		 	 By:
	 	 /s/ Juli Bieser

		 		 	 Name: Juli Bieser

		 		 	 Title: Director

				
		 		 	 By:
	 	 /s/ Charles Hall

		 		 	 Name: Charles Hall

		 		 	 Title: Managing Director

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 REGIONS BANK, as a Lender

				
		 		 	 By:
	 	 /s/ Daniel G. Steele

		 		 	 Name: Daniel G. Steele

		 		 	 Title: Senior Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 SANTANDER BANK, N.A., as a Lender

				
		 		 	 By:
	 	 /s/ Aidan Lanigan

		 		 	 Name: Aidan Lanigan

		 		 	 Title: Senior Vice President

				
		 		 	 By:
	 	 /s/ Puiki Lok

		 		 	 Name: Puiki Lok

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
	 LENDER:
	 		 	 GOLDMAN SACHS BANK USA, as a Lender

					
		 		 	 By:
	 	 /s/ Michelle Latzoni
	 	
		 		 	 Name: Michelle Latzoni
	 	
		 		 	 Title: Authorized Signatory
	 	

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
	 LENDER:
	 		 	 BRANCH BANKING AND TRUST COMPANY,

as a Lender

					
		 		 	 By:
	 	 /s/ Ryan Aman
	 	
		 		 	 Name:  Ryan Aman
	 	
		 		 	 Title: Vice President
	 	

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 COMPASS BANK, as a Lender

				
		 		 	 By:
	 	 /s/ Ian Payne

		 		 	 Name: Ian Payne

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
	 LENDER:
	 		 	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender	 	
				
		 		 	 By:
	 	 /s/ Richard Antl

		 		 	 Name: Richard Antl
	 	
		 		 	 Title: Authorized Signatory
	 	
				
		 		 	 By:
	 	 /s/ William M. Reid

		 		 	 Name: William M. Reid
	 	
		 		 	 Title: Authorized Signatory
	 	

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

									
	 LENDER:
	 		 	 UBS AG, STAMFORD BRANCH, as a Lender

					
		 		 	 By:
	 	 /s/ Jennifer Anderson
	 	
		 		 	 Name:  Jennifer Anderson
	 	
		 		 	 Title: Associate Director
	 	
					
		 		 	 By:
	 	 /s/ Houssem Daly
	 	
		 		 	 Name:  Houssem Daly
	 	
		 		 	 Title: Associate Director
	 	

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
				
		 		 	 By:
	 	 /s/ Juan Trejo

		 		 	 Name:  Juan Trejo

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 CARGILL, INCORPORATED, as a Lender

				
		 		 	 By:
	 	 /s/ Tyler R. Smith

		 		 	 Name: Tyler R. Smith

		 		 	 Title: Credit Relationship Manager

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 SUNTRUST BANK, as a Lender

				
		 		 	 By:
	 	 /s/ Chulley Bogle

		 		 	 Name: Chulley Bogle

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 BMO HARRIS BANK, N.A., as a Lender

				
		 		 	 By:
	 	 /s/ Joseph A. Bliss

		 		 	 Name: Joseph A. Bliss

		 		 	 Title: Managing Director

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 CADENCE BANK, N.A., as a Lender

				
		 		 	 By:
	 	 /s/ Eric Broussard

		 		 	 Name:  Eric Broussard

		 		 	 Title: Senior Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 DEUTSCHE BANK AG NEW YORK BRANCH,

as a Lender

				
		 		 	 By:
	 	 /s/ Dusan Lazarov

		 		 	 Name: Dusan Lazarov

		 		 	 Title: Director

				
		 		 	 By:
	 	 /s/ Kirk L. Tashjian

		 		 	 Name: Kirk L. Tashjian

		 		 	 Title: Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

							
	 LENDER:
	 		 	 ASSOCIATED BANK, N.A., as a Lender

				
		 		 	 By:
	 	 /s/ Farhan Iqbal

		 		 	 Name: Farhan Iqbal

		 		 	 Title: Senior Vice President

  
 [SIGNATURE
PAGE TO EIGHTH AMENDMENT TO CREDIT AGREEMENT – 

MEMORIAL PRODUCTION OPERATING LLC] 

 Annex I 

LIST OF MAXIMUM CREDIT AMOUNTS AND ELECTED COMMITMENTS 

Aggregate Maximum Credit Amounts and Elected Commitments 
  

							
	Name of Lender	  	Applicable 
Percentage 	  	Maximum Credit 
Amount 	  	Elected Commitment
	Wells Fargo Bank, National Association    	  	6.94444444% 	  	$138,888,888.90 	  	$100,000,000.00
	JPMorgan Chase Bank, N.A.	  	6.94444444% 	  	$138,888,888.90 	  	$100,000,000.00
	Bank of America, N.A.	  	6.94444444% 	  	$138,888,888.90 	  	$100,000,000.00
	Citibank, N.A.	  	6.94444444% 	  	$138,888,888.90 	  	$100,000,000.00
	Barclays Bank PLC	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Compass Bank	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Canadian Imperial Bank of Commerce, New York Branch	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Comerica Bank	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Credit Agricole Corporate and Investment Bank	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	ING Capital LLC	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Natixis	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Royal Bank of Canada	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	MUFG Union Bank, N.A. f/k/a Union Bank, N.A.	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	U.S. Bank National Association	  	4.16666667% 	  	$83,333,333.33 	  	$60,000,000.00
	Capital One, National Association	  	3.47222222% 	  	$69,444,444.44 	  	$50,000,000.00
	UBS AG, Stamford Branch	  	3.47222222% 	  	$69,444,444.44 	  	$50,000,000.00
	BMO Harris Bank, N.A.	  	2.56944444% 	  	$51,388,888.89 	  	$37,000,000.00
	Branch Banking and Trust Company	  	2.56944444% 	  	$51,388,888.89 	  	$37,000,000.00
	Santander Bank, N.A.	  	2.56944444% 	  	$51,388,888.89 	  	$37,000,000.00
	The Royal Bank of Scotland plc	  	2.56944444% 	  	$51,388,888.89 	  	$37,000,000.00
	Regions Bank	  	2.34640239% 	  	$46,928,047.83 	  	$33,788,194.44
	Deutsche Bank AG New York Branch	  	2.09804205% 	  	$41,960,841.06 	  	$30,211,805.56
	Associated Bank, N.A	  	1.87500000% 	  	$37,500,000.00 	  	$27,000,000.00
	Cadence Bank, N.A.	  	1.87500000% 	  	$37,500,000.00 	  	$27,000,000.00
	Amegy Bank National Association	  	1.87500000% 	  	$37,500,000.00 	  	$27,000,000.00
	SunTrust Bank	  	1.87500000% 	  	$37,500,000.00 	  	$27,000,000.00
	Goldman Sachs Bank USA	  	1.04166667% 	  	$20,833,333.33 	  	$15,000,000.00
	Cargill, Incorporated	  	0.34722222% 	  	$6,944,444.44 	  	$5,000,000.00
	TOTAL	  	100.00000000% 	  	$2,000,000,000.00 	  	$1,440,000,000.00

  
 ANNEX
I–1

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